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TMB LevelsDescription: Improved "Hourly Midline" indicator. It displays high, middle and low levels of every candle with specified timeframe (can be hourly, daily, or any other timeframe). You can change the source for the levels (either high and low of candle, or open and close of candle). Additionally, you can turn on the "Line chart", which essentially connects every midline, making a line chart of middle prices. Parameters: - Timeframe -> use data from this timeframe ("30" would mean 30 minutes, "60" would mean 1 hour, etc.) - Source -> source for calculating the middle level - Top -> parameters of the top level lines - Middle -> parameters of the middle level lines - Bottom -> parameters of the bottom level lines - Line chart -> connect every midline, making a line chart
Pine Script™ indicator
by sabricat
3
Equilibrium╭━━━╮╱╱╱╱╱╱╭╮╱╭╮ ┃╭━━╯╱╱╱╱╱╱┃┃╱┃┃ ┃╰━━┳━━┳╮╭┳┫┃╭┫╰━┳━┳┳╮╭┳╮╭╮ ┃╭━━┫╭╮┃┃┃┣┫┃┣┫╭╮┃╭╋┫┃┃┃╰╯┃ ┃╰━━┫╰╯┃╰╯┃┃╰┫┃╰╯┃┃┃┃╰╯┃┃┃┃ ╰━━━┻━╮┣━━┻┻━┻┻━━┻╯╰┻━━┻┻┻╯ ╱╱╱╱╱╱┃┃ ╱╱╱╱╱╱╰╯ Overview Equilibrium is a tool designed to measure the buying & selling pressure in the market. It is depicted as a “pressure gauge” that automatically adjusts as new candles are formed, providing a real-time indication of who's on top right now, buyers or sellers? Background Supply & demand is considered to be the main driving force of our modern economies, where the interaction between the two parties(sellers & buyers) leads to the determination of the fair price for a given product. Stock markets are no exception, they operate very much based around the idea of supply & demand. In simple terms, supply refers to the availability of a product, and demand is the willingness of consumers to buy that product at a given price. It is obvious that different vendors may sell the same product at slightly different prices, and similarly, different customers may choose to buy the same product from different vendors at varying prices. The idea is that the price is allowed to fluctuate from time to time, but in a free & fair market, the price will eventually settle down to a value that makes both the parties happy. Such a state is known as the “Price-Equilibrium”, and this process is also referred to as the market mechanism. This is the basic assumption around which this tool is based, the market is always trying to move towards a state of equilibrium. Calculations This tool takes a simplistic approach to estimate the degree of imbalance between buyers & sellers, here’s a brief summary of how the pressure is calculated: - We compute the total lengths of red & green candles for a given period, i.e. price range multiplied by the volume for that candle. - Then the distribution of each type of candle is calculated. - Assuming more red candles denote more selling pressure, and green candles denote buying pressure, the gauge is populated cell by cell. - As the pressure on one side increases, the intensity of the cell color also increases, signifying the extent to which one side is dominating. How to use it - The indicator is designed as a pressure gauge that moves up(vertical alignment) or to the right(horizontal alignment) as the buying pressure increases, and moves down or to the left as the selling pressure increases. How it is to be used & applied, that completely depends on your trading methodology. But, the general idea is that we expect the market to be in a state of equilibrium, and if that is not the case the tool will highlight that, and this is also where the opportunity lies to find suitable trades. - Just by having an idea about who’s dominating the market currently, a trader can also pick sides wisely. Remember, the market is always striving to come back a state of equilibrium, and a slight imbalance can indicate the current trend, and more importantly, who’s more likely to make the next move. User Settings The tool offers some minimal configurations for the end user: - You can choose to display the actual percentage value in the gauge(Show Text). - You can adjust colors that denote buyers & sellers. - You can change the layout of gauge, default is vertical(right side of the screen). - Last, and most important, you can adjust the number of candles to traverse for calculating the pressure. Default is 50, can go upto 1000.
Pine Script™ indicator
by sudoMode
10
Candle Price FinderCandle Price Finder A simple script that finds a candle (or candles) with user defined price levels. Search prices of a candle's high, low, open, close (or any element of the candle). How To Use: You can search prices with whole numbers and/or decimals. The search is tail end so if you are looking for a whole number that ends with 00 you type in 00 in search. Indicator can be used to detect levels of interest, locked in range/points of consolidation. Originally coded to be used with anchored vwap. Alerts included In action:
Pine Script™ indicator
by geneclash
3
Multiple Popular Prices (x16)Up to 16 popular prices in 16 periods. Lookback Period: Up to 5,000. Support 01 volume profile (histogram) on price axis for the last period with up to 100 price ranges. Histogram of 3 colors (up/down/sideways). Markets: All. Timeframes: All from 10s. Usage: Price moves slowly in the popular price area (PPA) and moves fastly in the unpopular price area (UPA). When price breakouts a PPA, it could be forming an entry to a new PPA or an existing PPA. PPA of a period will move up if price continuously increases or is in an uptrend, and vice versa. It means that this indicator is led by price. Note that, when short-term PPA is higher/lower than long-term PPA, price did move and it is not a buy/sell entry. Note: If calculation is timeout (“Loop takes too long to execute (> 500 ms)”), try to remove the indicator and reapply it, or try to increase the timeframe, or try to reduce the number of periods used to calculate popular prices.
Pine Script™ indicator
by SupersafeTrader
Multi Oscillators Price LevelsThis script draws price levels corresponding to the highest price reached in overbought situations, and the lowest price reached in oversold situations, depending on the oscillator and the timeframe the user has configured. These levels correspond, most of time, to good supports and resistances prices. Price levels drawings can be based on the following indicators: Stochastic RSI (default) Stochastic CCI RSI CCI You can customize this indicator with the following options: Source: The candle source to use in indicators calculation Source Indicator: The indicator on which you cant to base your levels Timeframe: The timeframe on which you want to apply the selected indicator, and calculate levels Show supports/resistances: enable/disable price levels, depending on there status (overbought - resistances) / (oversold - supports) Lines width: width of price levels. (set to 10 by default in order to draw "zones") Supports/Resistances source: Select the candle data you cant to use to draw supports and resistances levels Extend levels: Select the line extension for price levels Levels color: Select the desired color for price levels And of course , all parameters corresponding to the supported indicators (Stoch, RSI, CCI) Here are a few examples of different configurations: This script will probably be modified in the future, don't hesitate to suggest any improvement.
Pine Script™ indicator
by noop-noop
4
Price/Volume Value HistogramAn interesting implementation of mine to measure an asset changes based on asset price velocity and volume velocity. The indicator acts as asset value calculator. Long and Short. ==Points System Rules== UPTRENDING If Current Close is higher than previous Close and Current Volume is bigger than previous Volume: Adds Close Points and Volume Points Otherwise check If Current Close is higher than previous Close: Adds Only Close Points DOWNTRENDING If Current Close is lower than previous Close and Current Volume is bigger than previous Volume: Reduces Close Points and Volume Points Otherwise check If Current Close is lower than previous Close: Reduces Only Close Points ==Plotting== Result of the values are summed up to a histogram. Obviously on increasing prices and volume the histogram will be above zero line and on the Bullish side (green color), otherwise, on the Bearish side (red color). You can't cheat the price movement, it's just what it is. Optional to smooth it by EMA (set to true by default). Like if you Like and Enjoy! Follow for upcoming indicators.
Pine Script™ indicator
by dman103
23
52 Week High/Low52 Week High / Low Indicator A simple, unobtrusive indicator that can be used on any timeframe to display the 52 week high/low values. Features Works on any timeframe. Unobtrusive: Simple horizontal lines showing only the current 52 week values. Allows the user to select whether to calculate the 52-week values from candle close values or the respective highs/lows. For full overview and code commentary - Visit the backtest-rookies website.
Pine Script™ indicator
by BacktestRookies
10