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Weighted percentile nearest rank oscillatorOriginal script This is my attempt at making a price oscillator out of gorx1's weighted percentile nearest rank script. I centered everything to the 50th percentile and everything oscillates around that. The upper and lower bounds are 100th and 0th. Normalization normalizes the data to the top and bottom lines. The 'center line' represents the momentum of the 50th percentile in either direction. Good luck and happy hunting.
Pine Script™ indicator
by The_Peaceful_Lizard
3
Improved Z-Score OverlayLast month I published an improved z-score script that goes underneath your chart, which helps to highlight overbought or oversold regimes. It is customizable, and allows changing the periods, whether smoothing capability is desired, whether to use simple or exponential moving averages, and which data source to use (open, high, low, close, ohlc4). Some individuals may find that it is most useful not only to have the z-score visible underneath their price chart, but have the sigma values clearly visible on the chart itself to determine overbought or oversold levels. Therefore, this improved z-score overlay script will place the centerline of price on the chart, and +3/+2/+1/0/-1/-2/-3 sigma. These can be disabled if some values do not want to be shown, and the colors / opacity can be changed. Additionally, you could also put this into a new pane below your chart and disable all of the +3 to -3 sigma values, and enable the "Z-Score" button. This will allow you to replicate the original Improved Z-Score Script. If anyone has questions or would like to have any improvements made, let me know :) - Jim Bosse
Pine Script™ indicator
by jlb05013
Normalized Correlation CoefficientThis is a normalized correlation coefficient that can be used with any timeframe or symbol desired (found in the indicator settings). The normalization function makes the coefficient bound between 0-1. There is a subjective threshold at 0.80 where anything below the threshold tends to be higher risk in trading as opposed to above the threshold. Suggestions: - Use a timeframe slightly higher than your current chart for optimal results. - Do not use as a standalone strategy, rather, use it as a layer of confirmation. - For altcoin cryptocurrencies, we suggest tethering the indicator to the "OTHERS" chart.
Pine Script™ indicator
by LeafAlgo
2
Weighted percentile nearest rankYo, posting it for the whole internet, took the whole day to find / to design the actual working solution for weighted percentile 'nearest rank' algorithm, almost no reliable info online and a lot of library-style/textbook-style solutions that don't provide on real world production level. The principle: 0) initial data data = 22, 33, 11, 44, 55 weights = 5 , 3 , 2 , 1 , 4 array(s) size = 5 1) sort data array, apply the sorting pattern to the weights array, resulting: data = 11, 22, 33, 44, 55 weights = 2 , 5 , 3 , 1 , 4 2) get weights cumsum and sum: weights = 2, 5, 3 , 1 , 4 weights_cum = 2, 7, 10, 11, 15 weights_sum = 15 3) say we wanna find 50th percentile, get a threshold value: n = 50 thres = weights_sum / 100 * n 7.5 = 15 / 100 * 50 4) iterate through weights_cum until you find a value that >= the threshold: for i = 0 to size - 1 2 >= 7.5 ? nah 7 >= 7.5 ? nah 10 >= 7.5 ? aye 5) take the iteration index that resulted "aye", and find the data value with the same index, that's gonna be the resulting percentile. i = 2 data = 33 This one is not an approximation, not an estimator, it's the actual weighted percentile nearest rank as it is. I tested the thing extensively and it works perfectly. For the skeptics, check lines 40, 41, 69 in the code, you can comment/uncomment dem to switch for unit (1) weights, resulting in the usual non-weighted percentile nearest rank that ideally matches the TV's built-in function. Shoutout for @wallneradam for the sorting function mane ... Live Long and Prosper
Pine Script™ indicator
by gorx1
52
VolatilityVolatility - The amount of price deviation in the specified time interval. The calculation is made from the opening point to the closing point, and the maximum and minimum deviation between them is also included. Any timeframes are supported. Available information: the start date of the calculation (according to the time zone of the exchange), the current volatility from the initial opening point or from the last closing point, the total volatility for all periods. An indicator of useful use in everyday work. Thanks for your attention!
Pine Script™ indicator
by StCogitans
6
AllTimeHighLowLibrary "AllTimeHighLow" Provides functions calculating the all-time high/low of values. hi(val)   Calculates the all-time high of a series.   Parameters:      val : Series to use (`high` is used if no argument is supplied).   Returns: The all-time high for the series. lo(val)   Calculates the all-time low of a series.   Parameters:      val : Series to use (`low` is used if no argument is supplied).   Returns: The all-time low for the series.
Pine Script™ library
by mehmegunes
(Quartile Vol.; Vol. Aggregation; Range US Bars; Gaps) [Kioseff]Hello! This indicator is a multifaceted tool that's, hopefully, useful for price action and volume analysis. (This script makes use of the newly introduced "text_font" parameter) With this script you'll have access to: Range US Chart Volume Aggregation Chart Gaps Chart Volume by Quartile Consequently, you'll have access to: First Quartile Volume Threshold Second Quartile Volume Threshold Third Quartile Volume Threshold 90th Percentile Volume Threshold Fourth Quartile Volume Threshold Q2 - Q1 Dispersion Q3 - Q2 Dispersion Q4 - Q3 Dispersion Quartile Deviation Interquartile Range Avg. "n" bar return following "high" volume Avg. "n" bar positive return following "high" volume Avg. "n" bar negative following "high" volume # of Positive Returns Following a Gap # of Negative Returns Following a Gap # of Gaps # of Up Gaps # of Down Gaps Average # of bars to fill Up Gaps Average # of bars to dill Down Gaps Average Gap Up % increase Average Gap Down % decrease Cumulative % increase of all Up Gaps Cumulative % decrease of all Down Gaps Sort gaps by distance from price Hide gaps that price substantially deviates from (gaps will reappear when price trades near the gap) Segment Range US bars by date Manually configure Range US price thresholds Identify "congestion" areas with Range US bars Range US Levels that must be exceeded for a new Range US bar to produce Manually configure cumulative volume threshold for Volume Aggregation bars Segment Volume Aggregation bars by date Largest Volume Aggregation bar increases Largest Volume Aggregation bar decreases Calculate log returns after "high" volume sessions Quartile Volume The Quartile Volume portion of the script segments price/volume intervals by quartile. The image above shows features of the indicator. For statistics, the following metrics are recorded: First Quartile Second Quartile Third Quartile 90th Percentile Fourth Quartile Q2 - Q1 Dispersion Q3 - Q2 Dispersion Q4 - Q3 Dispersion Quartile Deviation Interquartile Range Color-coordinated price bars (by volume quartiles) The percent rank for the volume of the current bar Avg. "n" bar return following "high" volume Avg. "n" bar positive return following "high" volume Avg. "n" bar negative following "high" volume The script colors bars via gradient. By default, bars are colored lime when volume for the interval is "high" (exceeds upper quartile thresholds). The greener the bar, the higher the volume for the interval. Bars are colored red when volume for the interval is "low" (fails to exceed lower quartile thresholds). The redder the bar, the lower the volume for the interval. Naturally, brownish-colored bars reflect a volume interval that concluded near the median. The image above exemplifies the process. This feature might be useful to categorize / objectively define high-volume clusters, low-volume clusters, high-volume price moves, low-volume price moves, etc. For greater precision, you can select to color bars by volume quartile they belong to. The image above shows color-coordinated price bars. More details shown in the image. Additionally, you can select to plot the quartile/percentile that a price bar belongs to on the chart. The image above shows price bars numbered by the volume quartile they belong to. The script will distinguish successive 90th percentile violations, superimpose a linear regression channel atop the data sequence, and record pertinent statistics. The image above shows the process. Lastly, the user can plot an anchored VWAP using a built-in time function. The image above shows the anchored VWAP. Range US Chart A Range US chart operates irrespective of time and volume - simply - bars produce after a user-defined price move is achieved/exceeded in either direction. A range us chart produces “trend candles” and “reversal candles”. A reversal candle always moves against the most immediate bar; a trend candle always moves in favor of the most immediate bar. The user defines the dollar amount price must travel up/down for a trend candle to fulfill, and for a reversal candle to fulfill. Note: if a “down reversal” candle (red) Is produced, it’s impossible for the next candle to also be a down reversal candle - for the downside move to continue the criteria for a down trend candle must be fulfilled. Similarly, if an “up reversal” candle (green) Is produced, it’s impossible for the next candle to also be an up reversal candle - for the upside move to continue, the criteria for an uptrend trend candle must be fulfilled. Consequently, Range US bars frequently trade at the same level for extended periods. This is intentional, as this chart type is theorized to “filter noise” (whether Range US charts fulfill this theory is to your discretion). Lastly, if an up trend candle (green) is produced, the next candle cannot be up a reversal up candle - only a trend up candle or reversal down candle can produce - vice versa for a trend down candle (the subsequent candle cannot be a reversal down candle). In this sense, an uptrend continues on successive trend up candles; a down trend continues on successive trend down candles. The image above exemplifies Range US chart functionality. The lower-right stats table shows the requisite price move for a "Trend" candle to produce and for a "Reversal" candle to produce. The default settings for this chart time automatically calculate the required "Trend" candle price move and the required "Reversal" candle price move. However, both settings are configurable. The image above shows manually configured parameters for a trend bar and reversal bar to produce. This feature allows the user to replicate the Range US chart hosted on extrinsic charting platforms. However, please consider that this script does not use tick data; 1-minute OHLC data is used for calculations. Consequently, configuring the trend bar and reversal bar requirement too low may return inaccurate data. For instance, if you set trend candles to form after a $1 price move then trend candles will form if price moves up $1 from a green Range US bar or down $1 from a red Range US bar. This is sufficient for lower priced assets; however, if you were trading, for instance, Bitcoin - a $1 price move can happen numerous times in one minute. This script can’t plot bars and record data until a 1-minute bar closes and a new 1-minute bar opens. Further, if Bitcoin moves up $1 twenty times and down $1 twenty times in a 1-minute bar - your Range US chart will record such variations as one price move. This data is inaccurate and likely useless. To counter this quandary, a warning message will appear if you configure trend bar price moves or reversal bar price moves too low. The image above shows the concealable warning message. The image above is a flow diagram (made with shaky hands) illustrating the Range US bar formation process. A google search will return additional information on the Range US chart type. Volume Aggregation Bars TradingView user and member of the TradingView Discord server @ferreirajames informed me of the Volume Aggregation chart type. The user commented in the "Suggestions" channel for the TradingView Discord server asking for the Volume Aggregation chart type. As an interim fix, I tried my hand at recreating the process, which is available in this script. Similar to the Range US chart type, Volume Aggregation bars aren’t bound to a time-axis; the bars form after a user-defined, cumulative amount of volume is achieved or exceeded. Consequently, once the cumulative amount of volume is achieved or exceeded - a bar is produced at the corresponding price level. Underlying theory: The chat type is conducive to identifying price levels where traders are “trapped”. Whether the process adequately distinguishes this circumstance is to your discretion. The image above exemplifies the Volume Aggregation chart type. Regardless of the current price, Volume Aggregation bars for after a requisite amount of volume is achieved/exceeded. Tick data isn't used; therefore, remainder values are carry over. By default, the script automatically calculates a proportional cumulative volume total to dictate the formation of Volume Aggregation bars. However, the cumulative threshold is configurable. The image above shows Volume Aggregation bars forming subsequent a user-defined cumulative volume total being exceeded. Note: This chart type uses OHLC data from the timeframe of your chart. Therefore, for instance, setting the volume threshold too low will produce inaccurate, useless data. A warning message will appear for such occurrence. Gaps The indicator incorporates a "Gaps" chart type. The image above shows accompanying features. A list of all unfilled gaps is accessible - gaps for this list are sorted by distance from current price. Partially filled gaps are displayed in the corresponding gap box - the percentage amount the gap was filled is also displayed. Gap statistics show: # of Gaps # of Up Gaps # of Down Gaps Average # of bars to fill Up Gaps Average # of bars to dill Down Gaps Average Gap Up % increase Average Gap Down % decrease Cumulative % increase of all Up Gaps Cumulative % decrease of all Down Gaps Naturally, there may be gaps formed thousands of bars ago that aren't close to price. Showing these gaps on the chart will "scrunch" the y-axis and make prices indistinguishable. I've added a setting that allows the user to hide gaps that are "n" % away from the current price. The gap, if unfilled, will reappear when price trades within the user-defined percentage. The image above shows an example. There's an unfilled down gap that's "hidden" because the current price is a further % away from price than what I've specified in the settings (1%). When prices trade back within 1% of the gap - it will reappear. The image above shows the process in action. Prices moved back within 1% (can be any %) of the gap; therefore, it reappeared on the chart. You can also set the % distance a gap must achieve for it to be considered a gap, recorded and plotted. Additionally, you can select to "visualize" gaps. Similar to the Range US chart and the Volume Aggregation chart, this setting will bars reflecting the most recent sequence of gaps - date and percentage distance of the gap are superimposed atop the bar. Let me know if there's anything else you'd like included! Note: The initial compilation time for this script is.... high. However, once the script's compiled, calculation load times are quick and you can sift through assets and timeframes relatively quick. There's also a setting to "Improve Load Times" in the user-inputs table. This setting only improves the load times for post-compilation calculations and plots. The initial compilation load time is unchanged. Simply, once the indicator has "first loaded", all subsequent loads are quick. Thank you! (:
Pine Script™ indicator
by KioseffTrading
27
High low volatile its purpose to make this script is learning how many spread on each product. its help trader and me to estimate spread of High and low for make a better trade Money management : Its also useful to help trader to manage number of lot to take a risk on that trade How it work? I use High and low to calculate the different between on them and I add an EMA 10 and EMA 200 to estimate spread of each product in many bar On second picture , I use it on GOLD 1H timeframe . You can see that Gold in hour trade on my country time (thailand) It has more spread on 19.00-23.00 pm (in US time is 7.00-11.00) It help trader to set time when to trade and when to leave thank you
Pine Script™ indicator
by NutnonZz
2
Improved Z-ScoreStandard Z-Score scripts lack customization of parameters that I personally desire when doing quantitative analysis. This is an improved Z-Score Indicator to add to your charts that lets you customize various inputs. Below are the current features: 1) Ticker Type - which data would you like to use for the ticker input - Open, High, Low, Close, OHLC4 2) Ticker Smoothing? - sometimes if you have noisy data, it could be useful to smooth the ticker with a very fast EMA. If this is set to true, the ticker data will be smoothed with an EMA with period that you specify. 3) Ticker Smoothing Period - if Ticker Smoothing? is set to true, this will allow you to specify the smoothing period of the fast EMA - I usually use a 3-period for all of my quantitative analysis, if I am using smoothing. 4) MA Type - Z-Scores are normalized by subtracting a moving average. This allows you to select either a Simple Moving Average (SMA) or an Exponential Moving Average (EMA) - the standard is to use SMA. 5) MA Period - the previous X number of bars that you would like to use for normalization. The default is set to 21 (this is roughly 1 month of trading days data for a daily chart). 5) Standard Deviation Period - Z-Scores are normalized by dividing by the standard deviation over X previous periods. This allows you the chance to customize. Default is 252 (this is roughly 1 year of trading days data for a daily chart). I can add more features if folks are interested, let me know! I hope you like the script. Best regards, -Jim Bosse-
Pine Script™ indicator
by jlb05013
3
Yasir Hameed Advance RSI IndicatorRELATIVE STRENGTH INDEX ( RSI ) This is a tool that is widely used Especially for Overbought and Oversold systems, but I have made some changes in this indicator, How to use it...! I have set it as the default setting - RSI Length: 7 - Overbought: 70 - Oversold: 30 What is unique about this tool? we can see 3 conditions: 1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing 2) RSI Overbought / Oversold with Hammer and Shooting Star 3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars 4) RSI Overbought / Oversold with All Patterns at the same time When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren, when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren, This indicator will generate a sell/exit signal when the condition is met, 2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move 3rd Condition is also the same as Condition 1 and Condition 2, When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars, when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars, when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal, 4th Condition is that we can use All Conditions at the same time, - Bullish Engulfing / Bearish Engulfing - Hammer and Shooting Star - 2 Bullish Bars / 2 Bearish Bars
Pine Script™ indicator
by Yasir_Hameed
7
Fed Funds Rate ProjectionsThis script makes projections via drawing boxes based upon changes in the fed funds rate (FRED:EFFR). It works by turning the change in the fed funds rate into a user defined percentage (using a multiplier, by default a 1% rate of change implies a 10% change in the chart) and then drawing a box that distance away depending on the direction of the rate of change. The size of the multiplier should depend on the duration of the asset which this is being applied to, for example, a long duration asset such as a high beta growth stock should use a larger multiplier.
Pine Script™ indicator
by barnabygraham
2