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US Market CrashesThis script allows you to manually highlight specific periods on a chart, making it easy to visualize significant market events such as recessions, market crashes, or other key timeframes. Unlike traditional indicators that are based on price movements, this script provides a flexible way to mark any custom date range directly on your Trading View charts. Features: Custom Date Ranges: Easily specify start and end dates for periods you want to highlight on the chart. Custom Colors: Choose different colors for each highlighted period for clear visual distinction. Predefined Market Crashes: By default, the script highlights 18 historical market crashes where the market declined by over 20%. Use Cases: Historical Analysis: Highlight and study the impact of past recessions or market crashes. Event Marking: Mark specific economic events, earnings seasons, or other relevant periods. Presentation: Use the highlighted periods to enhance presentations or reports on market behavior. How to Use: Input the start and end dates for the periods you want to highlight. Adjust the colors and transparency as needed. Apply the script to your chart to see the highlighted periods. This tool is perfect for traders, analysts, and investors who want a clean and straightforward way to visualize important historical periods on their charts. The default setup includes 18 significant market crashes with declines of over 20%.
Pine Script™ indicator
by TraderNextDoor_HM
LuxAlgo® - Screener (S&O)The LuxAlgo® - Screener (S&O) is a complete tool allowing users to check returned information from Signals & Overlays™ features for various user selected tickers and timeframes. Users can customize the returned information by the screener, as well as filtering out displayed tickers based on custom user set rules. 🔶 FEATURES Users can place the location of the screener everywhere they want, multiple locations are supported, you can even have it on your chart by drag and dropping the screener to your chart, allowing you to analyze them alongside your favorite indicators. Keeping track of various tickers is crucial to have a deeper understanding of the overall market activity. Our screener let you quickly access your preferred information in a convenient way thanks to the described features below: Screening of the main Signals & Overlays™ features on up to 10 user selected tickers and timeframes. Ticker filtering based on custom user set rules. Ticker sorting based on ascending/descending user selected data returned by the screener. The LuxAlgo® - Screener (S&O) returns the following information: Current price Current volume Current price percent change (% CHG) Current price change (CHG) Current rating Most recent signal Number of Exits since most recent signals Current Smart Trail status Current Reversal Zones status Current Trend Catcher status Current Trend Tracer status Current Neo Cloud status Current Trend Strength value Current Lux Volatility value Current Squeeze Index value Current Volume Sentiment value 🔹 Rating Users can quickly check the overall sentiment based on the screeners returned information by looking at the Rating column. Tickers can be rated as follows: ▲ Strong Bullish (more than 80% of the returned information is bullish) △ Bullish (60% to 80% of the returned information is bullish) ― Neutral (40% to 60% of the returned information is bullish) ▽ Bearish (20% to 60% of the returned information is bullish) ▼ Strong Bearish (less than 20% of the returned information is bullish) This can be a quick way to asses the confluence between all the returned information on the screener for a specific ticker. 🔹 Filtering Thanks to the integrated filtering capabilities of the LuxAlgo® - Screener (S&O) you will be able to keep track of the information from tickers that return specific information you want to see. For example do you want to only see the information from up trending tickers? Nothing easier, all you need is to select the up trending related options (▲ Strong Bullish or △ Bullish) in the rating dropdown menu. However you don't have to stop at 1 filtering condition, create more complex ones that fits your trading style for the tickers you truly want to look at! 🔹 Sorting As traders we want to quickly spot the tickers with most volume, most volatility, with the strongest uptrend or downtrend. The LuxAlgo® - Screener (S&O) lets you do that by sorting supported information in an ascending or descending order, letting you access the most relevant information faster.
Pine Script™ indicator
by LuxAlgo
15
SFX Signals & Overlays [YinYangAlgorithms]SFX Signals & Overlays aims to help traders Identify Buy & Sell locations, Reversals, Volatility Zones, Support & Resistance and Overbought & Oversold Zones. All of these may work in harmony with each other by helping to identify when to enter and exit a trade; as well as helping to determine the risk / reward the trade may ensue. SFX Signals & Overlays’s Buy & Sell signals are momentum based, meaning the Initial ‘Buy’ & ‘Sell’ signal may not be exactly where you want to get in/out. What may occur is the initial signal appears, a few more continuation signals appear afterwards (always in a chain); and once the momentum has ended a ‘Reversal’ signal appears. The reversal is there to help signify that the ‘opportune’ time to buy/sell may have passed and the price may now correct in the opposite direction. This Indicator aims to Buy Low and Sell High; and therefore the Buy signal momentum may occur as the price is either about to fall, currently falling or has started to consolidate. When the Buy signal momentum has ended, this means the momentum is at an impasse, but is favoring Buy momentum and a reversal (correction) may occur. Buying & Selling at reversal signals may be profitable, however it may be less risky to DCA into your long / short positions during the Buy/Sell momentum signals instead. Let's get into the Tutorial so you can better understand how our SFX Signals & Overlays indicator works. Tutorial: Our example above showcases how our SFX Signals & Overlays Indicator looks on the default settings ‘Medium’ for each of our Algorithm Settings: Trend Sensitivity Signal Sensitivity Zone Sensitivity All of our Algorithm Settings feature 3 different speeds: Fast Medium Slow These speeds may be applied to each Algorithm Setting individually and affect how quickly they adapt to the current market's momentum. This allows you to tailor this Indicator to fit your trading style by adjusting it to meet your needs accordingly. If you are someone who likes to swing trade on the 1-5 minute timeframe, you may find better confluence with all settings on ‘Fast’. Medium term holders and traders may find better results with all settings on ‘Medium’. Likewise, long term investors may find best results with all settings on ‘Slow’. However, this shouldn’t stop you from finding your own best result by adjusting them individually to meet your own unique trading style. SFX Signals & Overlays helps you identify shifts in momentum by displaying Momentum Signals. Momentum Signals are shown by either a Green or Red Triangle. Momentum Signals can continue for quite some time until the momentum has ended. We rank the first Momentum Signal from 1/5 to 5/5 for their strength and may help determine the chances of the momentum shift occurring. Once the Momentum Signals have ended we display a Reversal Signal. This Reversal Signal helps signify that the Momentum has ended. When the Momentum ends it means that a reversal may have started. This reversal may mean the price will continue in the direction the signal mentioned; or it may mean the price will consolidate. If the price consolidates then the signal is void as when the consolidation ends the price could go in either direction. If you notice consolidation occurring after a Reversal Signal; wait for more confirmations as it is now too risky. Our Indicator displays different evaluations for each INITIAL Buy and Sell signal. These evaluations rank the current start of the signal from 1-5; 1 being the lowest and least reliable, 5 being the highest and most reliable. These rankings aren’t indefinite and are simply an evaluation at the time of the initial signal. We may potentially provide evaluations at the reversal later on if requested enough. When a Buy or Sell signal occurs this defines where momentum is occurring in this direction. This momentum is indicated by momentum signals shown through red / green triangles. These triangles indicate that this momentum is present. When these momentum signals end is when the Reversal Signal appears indicating that since this momentum has ended, there may be a decent chance of a reversal occurring. There also adherently may be the potential of consolidation occurring; but generally it means there is either a reversal, or consolidation + then a reversal or a continuation; however it may be apparent that the momentum has ended. ES: NQ: BTC: If you refer to the 3 examples above, we show how the ES, NQ and BTC look within a 5 minute scalping example. Essentially you’d make your decision on the Buy / Sell signal, the momentum signals, the Reversal Signals, the Trend Colors as well as other oscillators and Due Diligence. Remember, there’s no such thing as a perfect entry / exit, the more you understand about trading and do your own Due Diligence the better. These Buy and Sell as well as Reversal signals attempt to locate and rank momentum shifts to help you identify where the momentum may be ending and reversing in the opposite direction. Our zones defined by the Outer (red) and Inner (green) are representations of not only Support and Resistance locations, but likewise Overbought and Oversold locations. These zones help in multiple ways. The hard lines that define each zone's start / end are very useful locations of support / resistance which may indicate where the price will bounce off of. Likewise, when the price is within these zones it represents the price being Overbought or Oversold. Then the price is for instance within the Red Resistance Zone, what generally may happen is the price will correct quickly to get back to the ‘Black Empty Zone’ between the Red and Green zones; OR it may consolidate sideways until it has entered the ‘Black Empty Zone’. This is how the price may redeem itself back to being valued correctly. These zones help you identify and understand, in concatenation with our signals when and how much the price may move. Our Settings are minimalistic so you don’t need to worry and get overwhelmed about changing values and trying to fiddle to find which values works the best for what. Our Algorithms will take care of all of that for you. Simply select the speeds for your Trend, Signals and Zones and you’re good to start trading! You can likewise customize what information is visible to you and the colors to better customize your experience. Fast: Medium: Slow: The 3 examples above display what the same portion of the chart looks like when Trend, Signal and Zone Sensitivity is changed from Fast, Medium and Slow. As you can see, they all look quite different in the results they produce. By default all settings are set to Medium, however they can all be individually changed to suit your trading style and needs. Our Indicator offers many different alert options which may help you stay informed with how the market is moving and any momentum changes that may occur. Settings: 1. Algorithm Settings Trend Sensitivity (Fast, Medium, Slow): Trend Sensitivity refers to how quickly the Trend Bar Colors change. Fast: will change colors very quickly if it senses momentum is changing. Medium: will change almost as quickly as Fast, however, rather than swapping from Bullish to Bearish momentum right away it has an intermediate 'Neutral - Slightly Bullish (Yellow)' and 'Neutral - Slightly Bearish (Orange)'. This way you can better visualize when the momentum is dying in the trend and starting back up by having these trend 'Neutral/Consolidation' areas. Slow: will attempt to only change Trend Bar Colors when the momentum has surely shifted. This may result in a bit of lagging behind. Signal Sensitivity (Fast, Medium, Slow): Signal Sensitivity refers to how quickly the Buy & Sell Momentum Signals & Reversal Signals appear. These signals are meant to appear when it thinks the price may reverse, but the speeds refer to how much of a reversal they think may happen. Fast: will attempt to locate any and all momentum swings. Medium: will attempt to only locate momentum swings which may drive the price up considerably. Slow: will attempt to locate only the most extreme momentum swings. This may result in some potentially good ones missed however; but the ones it finds may have a higher probability of occuring. Zone Sensitivity (Fast, Medium, Slow): Zone Sensitivity refers to how quickly the Zones expand based on price movement. These zones may be useful for not only seeing Support & Resistance; but also identifying when it is Overbought & Oversold; as well as visualizing volatility between the Black (Empty area) and the zones. The lines that separate each zone are the Support and Resistance locations; the area within the zones are simply the spacing between these Support and Resistance locations. However, the further the price is to the outer zones does represent Overbought and Oversold. Fast: will expand very quickly. This causes the price to be within the Black (Empty area) more often. This may be useful for finding extremities in price movement which may have a better chance of correcting. Medium: moves fast but not anywhere close to as fast as 'Fast'. Medium will hold its values in an attempt to be as accurate as possible for identifying Support and Resistance locations. Slow: will expand very slowly. This may be useful for identifying Support & Resistance as well as Volatility targets on higher time frames since these zones move much slower. 2. Display Settings: Show Trend Bar Colors: Trend Bar Color are a way of seeing how the Trend is holding up on a bar by bar basis. This may be useful for seeing momentum starting, ending or simply dying down before any signals actually appear. Signal Text Display (Both, Buy & Sell, Reversals, None: Signals are a way of seeing potential changes in momentum and when they have actually occurred. Our signals also rank from 1/5 to 5/5 how strong of a chance this momentum change may occur (only at the time of the signal, not at the time of the reversal). These may be useful as potential Entry and Exit locations; as well as when you see the reversal, you know that this momentum change has either begun or a consolidation may be occurring. If a consolidation occurs, the signal is no longer valid as the price can now go either way and it is best to wait for more signals or other technical analysis to determine momentum and movement. Zone Display (All, Outer + Middle, Inner + Middle, Outer, Middle, Inner, None): Zones are composed of 3 areas above and below. These areas attempt to project Support & Resistance locations as well as display when the Price is Overbought and Oversold. You can specify which zones you wish to view, however all are important. 3. Color Settings: Buy Color: This is the color of all Buy Signals and Zones. Sell Color: This is the color of all Sell Signals and Zones. Buy Reversal Color: This is the color of all Buy Signal Reversals. Sell Reversal Color: This is the color of all Sell Signal Reversals. If you have any questions, comments, ideas or concerns please don't hesitate to contact us. HAPPY TRADING!
Pine Script™ indicator
by YinYangAlgorithms
20
LuxAlgo - Backtester (S&O)The S&O Backtester is an innovative strategy script that encompasses features + optimization methods from our Signals & Overlays™ toolkit and combines them into one easy-to-use script for backtesting the most detailed trading strategies possible. Our Signals & Overlays™ toolkit is notorious for its signal optimization methods such as the 'Optimal Sensitivity' displayed in its dashboard which provides optimization backtesting of the Sensitivity parameter for the Confirmation & Contrarian Signals. This strategy script allows even more detailed & precise backtests than anything available previously in the Signals & Overlays™ toolkit; including External Source inputs allowing users to use any indicator including our other paid toolkits for take profit & stop loss customization to develop strategies, along with 10+ pre-built filters directly Signals & Overlays™' features. 🔶 Features Full Sensitivity optimization within the dashboard to find the Best Win rates or Best Profits. Counter Trade Mode to reverse signals in undesirable market conditions (may introduce higher drawdowns) Built-in filters for Confirmation Signals w/ Indicator Overlays from Signals & Overlays™. Built-in Confirmation exit points are available within the settings & on by default. External Source Input to filter signals or set custom Take Profits & Stop Losses. Optimization Matrix dashboard option showing all possible permutations of Sensitivity. Option to Maximize for Winrate or Best Profit. 🔶 Settings Sensitivity signal optimizations for the Confirmation Signals algorithm Buy & Sell conditions filters with Indicator Overlays & External Source Take Profit exit signals option External Source for Take Profit & Stop Loss Sensitivity ranges Backtest window default at 2,000 bars External source Dashboard locations 🔶 Usage Backtests are not necessarily indicative of future results, although a trader may want to use a strategy script to have a deeper understanding of how their strategy responds to varying market conditions, or to use as a tool for identifying possible flaws in a strategy that could potentially be indicative of good or bad performance in the future. A strategy script can also be useful in terms of it's ability to generate more complete & configurable alerts, giving users the option to integrate with external processes. In the chart below we are using default settings and built-in optimization parameters to generate the highest win rate. Results like the above will vary & finding a strategy with a high win rate does not necessarily mean it will persist into the future, however, some indications of a well-optimized strategy are: A high number of closed trades (100+) with a consistently green equity curve An equity curve that outperforms buy & hold A low % max drawdown compared to the Net Profit %. Profit factor around 1.5 or above In the chart below we are using the Trend Catcher feature from Signals & Overlays™ as a filter for standard Confirmation Signals + exits on a higher timeframe. By filtering bullish signals only when the Trend Catcher is bullish, as well as bearish signals for when the Trend Catcher is bearish, we have a highly profitable strategy created directly from our flagship features. While the Signals & Overlays features being used as built-in filters can generate interesting backtests, the provided External Sources can allow for even more creativity when creating strategies. This feature allows you to use many indicators from TradingView as filters or to trigger take-profit/stop-loss events, even if they aren't from LuxAlgo. The chart below shows the HyperWave Oscillator from our Oscillator Matrix™ being used for take-profit exit conditions, exiting a long position on a profit when crossing 80, and exiting a short position when crossing 20. 🔶 Counter Trade Mode Our thesis has always firmly remained to use Confirmation Signals within Signals & Overlays™ as a supportive tool to find trends & use as extra confirmation within strategies. We included the counter-trade mode as a logical way to use the Confirmation signals as direct entries for longs & shorts within more contrarian trading strategies. Many traders can relate to using a trend-following indicator and having the market not respect its conditions for entries. This mode directly benefits a trader who is aware that market conditions are generally not-so-perfect trends all the time. Acknowledging this, allows the user to use this to their advantage by introducing countertrend following conditions as direct entries, which tend to perform very well in ranging markets. The big downfall of using counter-trade mode is the potential for very large max-drawdowns during trending market conditions. We suggest for making a strategy to consider introducing stop-loss conditions that can efficiently minimize max-drawdowns during the process of backtesting your creations. Sensitivity Optimization Within the Signals & Overlays™ toolkit, we allow users to adjust the Confirmation Signals with a Sensitivity parameter. We believe the Sensitivity paramter is the most realistic way to generate the most actionable Confirmation Signals that can navigate various market conditions, and the Confirmation Signals algorithm was designed specifically with this in mind. This script takes this parameter and backtests it internally to generate the most profitable value to display on the dashboard located in the top right of the chart, as well as an optimization table if users enable it to visualize it's backtesting. In the image below, we can see the optimization table showing permutations of settings within the user-selected Sensitivity range. The suggested best setting is given at the current time for the backtesting window that's customizable within the indicator. Optimized settings for technical indicators are not indicative of future results and the best settings are highly likely / guaranteed to change over time. Optimizing signal settings has become a popular activity amongst technical analysts, however, the real-time beneficial applications of optimizing settings are limited & best described as complicated (even with forward testing). 🔶 Strategy Properties (Important) We strongly recommend all users to ensure they adjust the Properties within the script settings to be in line with their accounts & trading platforms of choice to ensure results from strategies built are realistic. 🔶 How to access You can see the Author's Instructions below to learn how to get access on our website.
Pine Script™ strategy
by LuxAlgo
56
Overlay Mini Plot(s) of Correlated Asset(s)Overlay a small plot of a correlated asset of your choosing. Shrink/expand, Set vertical and horizontal position, plot multiple mini-plots via duplicate indicators with varied settings. Plots the last X bars of any asset; including the live candle currently painting Useful for low time frame trading when you want to see correlated asset price movement right alongside the price movement you're watching. Useful for quick and simple comparisons; when you don't want the clutter of split screen or multi-pane view. Useful for backtesting. Price scale agnostic; just plots the shape of the recent price action, with several optional labels: Asset+timeframe | Live Price | Highest price over X bars | Lowest price over X bars. Works fine with all the assets i've tested it on. ~~User inputs~~ -number of bars to paint. -horizontal offset: plot to right X bars or to left X bars -vertical offset: shift up or down, shrink or expand; by using 2 'spacer' inputs -color/transparancy of candles and price labels. -width (pixels) of candle bodies. -choose to display price labels or not -choose to display asset label or not ~~Tips~~ --Add several of these indicators; changing the vertical 'Shift/Shrink' settings on each to visually separate them. --In the above chart or EurUsd, there are three indicators =>> three mini-plots overlaid: DXY, EurGbp and GbpUsd. Using the following settings for Space Above:Space Below: DXY- 0.1:4.5 | EurGbp- 1.8:1.8 | GbpUsd- 4.5:0.1 --the more you add, the more you'll have to vertically shrink the plots © twingall
Pine Script™ indicator
by twingall
14
LuxAlgo® - Signals & Overlays™Signals & Overlays™ is an all-in-one toolkit made up of more than 20+ features primarily focused on generating useful signals & overlays to fulfill any trader's technical analysis needs with relevant data. Created directly with TradingView Pine Script Wizard, alexgrover - this is a first of its kind comprehensive script made fully from the ground-up to provide an all-in-one solution for traders. Signals & Overlays™ can be used alongside other forms of technical analysis, however, it was also designed to be used as a stand-alone toolkit that can fit any trading style. Every feature included considers how not all technical indicators fit every market condition. The ideal way to utilize this indicator is to explore through all of the features over time, pick & choose 2-3 features best suit your style of trading, and stick with those to create your own unique LuxAlgo trading strategy. Providing Endless Possibilities Catering To All Trading Styles Signals & Overlays™ works in any market for discretionary analysis & includes many features: Beginner-friendly Presets to enable multiple features at once within one-click (locks other settings when enabled). Confirmation Signals: Normal & Strong signals to help traders confirm trends (not to be followed blindly). Contrarian Signals: Normal & Strong to help traders spot reversals (also not to be followed blindly). Exit Signals: "x" marks that apply for both Confirmation Signals & Contrarian Signals to suggest potential take-profit areas during signals. Signal Optimization Methods: Sensitivity / Agility, optimal sensitvity parameter displayed on dashboard, and Autopilot (dynamic setting). Candle Coloring: Purple/Green/Red to visualize trends developing between 'normal' & 'strong'. 6+ Indicator Overlays that helps traders visualize trends, find reversal points, and get dynamic areas of support & resistance. Filters within "Presets / Filters" to allow users to filter Confirmation Signals with Indicator Overlays & other metrics within LuxAlgo Premium. A complete dashboard with highly actionable metrics such as Trend Strength, current volatility, volume analysis, etc. Advanced Settings to display customizable TP/SL points, further enhance signal optimizations, & customize dashboard size/location. Full Any Alert() Function Call Conditions included Highly useful Filtered Alert Creator section to generate custom filtered signal alerts with Indicator Overlays & other metrics. + more. (Check the changelog below for current features) 🔶 USAGE Basic Signals & Candle Coloring Demonstration In the image below we can see a basic example of how these 2 core components function within Signals & Overlays™. As explained earlier, the Confirmation Signals can generate normal labels as well as strong labels marked by the "+" symbol. These signals are directly correlated to the candle coloring in order to see the development of trends & navigate through different market conditions as best as possible. The candle coloring comes especially in handy when using signals, whereas a positive sign for an uptrend to occur rather than a fake-out is to see candles consistently hold as green. This indicates the market is strong & is likely to continue an uptrend. Vice versa for sell signals & the candles holding as red. Normal Confirmation Signals often occur with smaller trends, retracements within larger trends, or just as signals a user may not want to trust as much directly. In order to enhance your ability to trust signals more & find more actionable use cases out of LuxAlgo Premium, we recommend going to the settings menu of the indicator & activating some indicator overlays. These are covered in the next section. 🔶 INDICATOR OVERLAYS W/ SIGNALS In the image below we have enabled the "Smart Trail" & "Reversal Zones" indicator overlays from within the settings of Signals & Overlays™. By using these overlays alongside the signals & candle coloring, users can find more confluence to create trading strategies or plans. The Smart Trail provides an excellent area of dynamic support/resistance for traders, as well as an additional confluence for general trend following purposes alongside the Confirmation Signals. The Reversal Zones are particularly useful for areas to immediately take profit on trades, however, during strong trends price may continue rising or falling through the Reversal Zones which makes a good use case of waiting for price to first exit the Reversal Zones before considering the next move in the market. In the next image below we can see the market is generally ranging, making it more complicated for the standard Confirmation signals to perform greatly as they are meant to excel for finding developing trends. This image displays the Contrarian Signal Mode, Contrarian Gradient candle coloring, as well as the Trend Catcher Indicator Overlay to help us trade these market conditions specifically. Paired with the Contrarian based candle coloring, these signals can be helpful to a trader looking to find confluent reversals. You can also see the Trend Catcher indicator overlay gives a hybrid approach to analyzing the underlying trend within this price action. Some traders naturally are Contrarian in nature, so this signal mode may be of primary interest to them, however, most of the use cases will come from the standard Confirmation sigals paired with other overlays or regular technical analysis. 🔶 SIGNALS WITH AI CLASSIFICATION Our toolkit is able to classify generated signals using a simple machine learning algorithm into four levels. These levels indicate if a signal will most likely indicate a trend continuation (level 3/4) or a reversal/retracement (1/2). Users are able to filter out certain signals depending on their classification, only keeping signals of interest and potential filtering out false signals. 🔶 FILTERS In the next image below we can see after resetting the Signals & Overlays™ indicator to it's defaults, we have simply enabled the "Smart Trail Filter" from within the Presets / Filters section at the top of the settings. By doing this, we can filter out signals that are not aligned with the Smart Trail indicator overlay, which gives direct confluence in every signal that generates on the chart. Applying filters to signals do not necessarily make them instantly "better" than using the indicator without them. Between every technical indicator, there are trade-offs. So while we can now use Confirmation signals & retests of the Smart Trail as great optimal entry points, at times the indicator may miss signals or retests of the Smart Trail. The same is seen below with another one of the Filters within Signals & Overlays™; Trend Strength Filter. We can see the indicator is using the Trend Strength metric to only generate Confirmation Signals that align with a trending market which can clean up a lot of noise during retracements as well as ranging markets. However, the trade-off present now with this filter enabled is that at times the indicator will miss trends, in which we'd still need to be aware of the price action, candle coloring, or other forms of analysis to give us indications the market may start a new trend opposed to just relying on signals directly. 🔶 CONCLUSION We believe that success lies in the association of the user with the indicator, opposed to many traders who have the perspective that the indicator itself can make them become profitable. The reality is much more complicated than that. The aim is to provide an indicator comprehensive, customizable, and intuitive enough that any trader can be led to understand this truth and develop an actionable perspective of technical indicators as support tools for decision making. You can see the Author's instructions below to get instant access to this indicator & our LuxAlgo Premium indicator suite. 🔶 RISK DISCLAIMER Trading is risky & most day traders lose money. All content, tools, scripts, articles, & education provided by LuxAlgo are purely for informational & educational purposes only. Past performance does not guarantee future results.
Pine Script™ indicator
by LuxAlgo
1.5 K
Pine Script Tutorial #4Welcome to Pine Script Tutorial #4 This is more complex than the previous 3 tutorials. This one builds upon the first 3 tutorials. What does this code do?: It plots on a histogram (at the bottom), the difference between closest round number and the close. So for example 84 -close = 16 pips. It shows the 16 pips on the histogram. First off, it is actually Two studies on this graph, not one. I wanted the histogram at the bottom and round number indicator to overlay on the graph. There is no code within Pine Script that lets you do that within one script. Secondly, there is no code that lets you spit out number on the graph, that is why I used histogram, initially I wanted it to tell me 16 pips in writing but no way of doing that. In order to replicate the graph you have to first plot the rounding formula as overlay. Thean take out the overlay and plot te histogram. I got the rounding formula from one of the coders here and simplified it. Just search round. Hope this helps, Feel free to comment.
Pine Script™ indicator
by MartinMystere
2
altcoin index overlayPurpose This displays the "altcoin index" as a plot on your chart. Suggested use is coupled with the "altcoin index oscillator". Use Add it as an indicator while looking at the chart you would like to assess. Click the settings button (cog) to select which coins you would like included in the index. You can couple this tool with the "altcoin index oscillator" indicator to view the correlation. Notes The "altcoin index" is the average BTC price of a selection of altcoins. Therefore this is their relation to bitcoin and not any national currency. Due to this, the indicator will be useless if you try to use it with BTCUSD etc.
Pine Script™ indicator
by noomnahor
2
Market Direction Indicator [LazyBear]Market Direction Indicator (MDI), by Donald Lambert, is an extension of simple moving average cross over systems. Series of price cross over points are determined to derive MDI. Note that the short/long lengths will differ between instruments. They need to be tuned properly. I have added an option to specify a "cutoff" parameter. When MDI is in the cutoff zone (-/+ cutoff), bars are colored gray. Set this to zero to turn off cutoffs. Other options: - OverlayMode: Enable this to color bars. MDI values are not plotted. If unchecked, MDI default rendering mode is Histogram mode. - ShowBelowZero: Plots the negative values below zero (Oscillator mode) Use "MDI" and "ZeroLine" for setting up alerts. Make sure MDI is in OscillatorMode. Master list of all my indicators: docs.google.com
Pine Script™ indicator
by LazyBear
8