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Supply and Demand

Candlestick Reversal SystemHello Traders, In the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market" by Franklin Ochoa, Four different types of reversal systems were introduced and candlestick patterns are used to find reversals. I will not write a lot about the book, you should get/read it for yourself. There are many great ideas in the book, Candlesetick Reversal System, Following Trend, Time Price Opportunity, Advanced Camarilla Concepts and much more. Reversal systems mentioned in the book are : - Wick Reversal System - Exteme Reversal System - Outside Reversal System - Doji Reversal System I tried to add these four reversal systems to the script. If you need detailed info you better read the book ;) Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
71
Pivot TrendHello Traders, Another original idea is here with you. Actualy I can say that it's a breakout strategy that uses multiple Pivot Point's averages. How it works? - it finds the Pivot Points, you can set the length as you want - it gets averages of Pivot Highs and Pivot Lows, you can set the number of Pivot Points to be included - it compares the current closing price with averages of Pivot Highs and Pivot Lows - if both are positive or negative then trend changes You have two options: - Pivot Point Period => is the length that is used to find Pivot Points. means it checks left/right bars if it's Pivot Point (4 by default) - Number of PP to check => is the number of Pivot Points that the script finds and calculates the averages (3 by default) An Example with the settings Pivot Point Period = 5 and Number of PP to check = 2 Play with settings as you wish. Comments are welcome, together we can improve it ;) Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
69
Donchian Trend RibbonHello Traders, I think you all know Donchian Channels. so I am not going to write about it. With this indicator I tried to create Donchian Trend Ribbon by using Donchian Channels. How it works ? - it calculates main trend direction by using the length that is user-defined. so you can change it as you wish - then it calculates trend direction for each 9 lower lengths. if you set the length = 20 then the lengths are 19, 18,...11 - and it checks if the trend directions that came from lower lengths is same or not with main trend direction. - it changes the trend color of the ribbon. - Warning: Entry points may also represents trend reversal. So you should use stoploss line if you decide to take buy/sell positions. P.S. I didn't backtest it, it's non-repainting, it should be used educational purposes only. Published by user request. You may want to see following one: Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
70
Trend Lines for RSI, CCI, Momentum, OBVHello Traders! After publishing Trend Lines for RSI yesterday, I realized that Trend Lines for more indicators needed by the traders. so I decided to make it for four different indicators: RSI, CCI, OBV, Momentum In the indicator options you can choose the indicator from pull-down menu. How it works? - On each bar it finds last 10 higher and lower Pivot Points (PP) for the indicator. - from first bar to 10. Pivot Point it searchs if a trend line is possible - for each PP it starts searching from the last PP . - it checks if drawing a trend line possible or not and also it's broken or not - if it's broken then optionally it shows broken trend lines as dotted (or you can option not to see broken lines) - if it finds a continues trend line then it stops searhing more and draw trend line, this is done by checking angles (I did this to make the script faster, otherwise you may get error because of it needs time more than .2sec) - the script makes this process for each PP - then shows the trend lines P.S. it may need 3-10 seconds when you added the script to the chart at first (because of calculations) Trend lines for CCI: Trend Lines for OBV Trend Lines for Momentum: You may want to watch how Trend Lines script works (that was made for RSI) s3.tradingview.com If you still didn't see Trend Lines v2 then visit: All Comments are welcome.. Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
57
Trend Lines v2Hello Everyone. After working on new and better trend lines script for couple of weeks, finally I am proud to publish Trend Lines v2. How it works? - On each bar it finds last 10 higher and lower Pivot Points (PP). - from first bar to 10. PP it search if a trend line is possible - for each it starts searching from the last PP. - it check if drawing a trend line possible or not and also it's broken or not - if it's broken then optionally it shows broken trend lines as dotted - if it finds a continues trend line and stop searhing more and draw trend line (I did this to make the script faster, otherwise you may get error because of it needs time more than .2sec) - the script makes this process for each PP optionally trend lines may be Solid or Dashed optionally you may get rid of broken trend lines if you think it's crowded and sometimes you may not see any trend line on the chart. this means you need to adjust the period for Pivot Points accordingly also I made a video. if you watch this video you can see how the script works. Important! after you add this tool to the chart you may need zoom-in and zoom-out to see all lines! I thought a lot to make it free or not then I decided make it free and open source. you should know there is a lot of effort for this script, so if you think this is usefull please consider a donation ;) Enjoy!
Pine Script™ indicator
by LonesomeTheBlue
222
Divergence for many indicator v3Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator. It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend reversal) Divergences version 2 has latency because it waits higher time frame completion. in this new version the script uses Pivot Points and on every bar it checks divergence between last Pivot point and current bar and if it finds any then immediately draws line and removes old one. so there is no latency with this version. There are predefined 10 indicators in the script, you have option to choose which indicators the script would analyse for divergence. (RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD and CMF) In replay mode you can see how the script puts new divergence line and removes old one. you better see it for yourself by using replay mode. Hope you Enjoy!
Editors' picks
Pine Script™ indicator
by LonesomeTheBlue
315
[PX] Lookback LevelHey guys, this indicator detects support and resistance level based on the number of times a level got tested in a certain range. How does it work? In the user input settings, you will be able to choose between two modes "Tested Level" and "Untested Level". "Tested Level" will be detected by the number of times a certain low or high got tested in the "Lookback"-range, while fitting in the "Deviation"-range of the specific high or low. A crossing of the level is allowed. The "Untested Level" work the same way, but crossings of the level will eliminate it. The indicator is highly dependent on which input you will use. Please play around with the settings and see how it works on different timeframes and symbols. As always, it comes with styling options for the levels. If some of you find it useful, please leave a like and hit the follow button :) Happy trading, paaax
Pine Script™ indicator
by paaax
7
Bitcoin Circulating Supply Overlay [BigBitsIO]This script shows the estimated circulating supply of Bitcoin on any given day. Features: - Estimated Bitcoin circulating supply calculated daily - Uses the Bitcoin reward schedule, past halving dates, and the next upcoming halving estimated date to calculate the current estimated supply. - Optionally includes an option to use "Log Reduction" on the chart *** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
Pine Script™ indicator
by BigBitsIO
[PX] VWAP Gap LevelHello guys, another day, another method for detecting support and resistance level. This time it's all about the VWAP and daily gaps it might produce. How does it work? The indicator detects when a new daily candle begins and the VWAP makes a big move in either direction. Often it produces a gap and this is where the support or resistance level will be plotted. The idea behind it is, that those gaps get filled at some point in time. You can control how big a VWAP movement ("gap") has to be with the "VWAP Movement %" -setting. Also, you can adjust the style of the level. If you find this indicator useful, please leave a "like" and hit that "follow" button :) Have fun and happy trading :)))
Pine Script™ indicator
by paaax
3
[PX] MTF Standard Deviation LevelHello guys, once again, I want to show you a different method for detecting support and resistance level. Today's approach is similar to the one I posted recently, but the way the level will be detected is different. I call it the multi-timeframe standard deviation level. How does it work? The method is similar to the way Bollinger Bands work. First, the indicator calculates the standard deviation, which can be influenced by the "Sensitivity"- and "Length"-setting. Sensitiitiy - the higher the value, the fewer level will be shown Length - simply the length for the standard deviation formula Second, the detected value will be added (for resistance level) or substracted (for support level) from the current close. Once the upper or lower boundaries are crossed, a level will appear and keeps moving until the up- or downward movement finishes. Then the level will settle and stay in place. Again, as seen in my previous indicator, you can control all the different styles and colors for the levels. The best part is, the whole thing works in a multi-timeframe fashion. In an example, you could select the "Daily" level and plot them on a 4-hour chart. If you find this indicator useful, please leave a "like" and hit that "follow" button :) Have fun, happy trading and once again Merry Christmas :)))
Pine Script™ indicator
by paaax
19
Higher High Lower Low Strategy (With Source Code)This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points. Generally HH and HL shows up-trend, LL and LH shows down-trend. If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically. If you use smaller numbers for left/right bars then it will be more sensitive. source code of :
Pine Script™ indicator
by LonesomeTheBlue
123
Godmode 4.0.2 [Supply/Demand]First off, a huge thank you to the following people: LEGION: LazyBear: www.tradingview.com xSilas: www.tradingview.com Ni6HTH4awK: www.tradingview.com sco77m4r7and: SNOW_CITY: www.tradingview.com oh92: www.tradingview.com alexgrover: www.tradingview.com cI8DH: www.tradingview.com DonovanWall: www.tradingview.com shtcoinr: www.tradingview.com This is the third iteration of Godmode. This time I borrowed the method used by shtcoinr to render supply/demand, resistance and support zones. The idea here is to input the appropriate benchmark tickerid to the asset class you're trading and to paint zones according to the price activity of the selected tickerid. This works very well trying to paint meaningful zones against noisy stocks, currencies, commodities etc. Use a correlation coefficient to determine the best benchmark for your asset class. Want to Learn? If you'd like the opportunity to learn Pine but you have difficulty finding resources to guide you, take a look at this rudimentary list: docs.google.com The list will be updated in the future as more people share the resources that have helped, or continue to help, them. Follow me on Twitter to keep up-to-date with the growing list of resources. Suggestions or Questions? Don't even kinda hesitate to forward them to me. My (metaphorical) door is always open.
Pine Script™ indicator
by chrysopoetics
62