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Trendchannels

Trend Channels (MTF) | Flux Charts💎 GENERAL OVERVIEW Introducing our new Trend Channels (MTF) indicator! Latest trends play an important role for traders and sometimes it can be hard to spot trends in other timeframes. This indicator can plot latest trend channels across different timeframes, so you can spot trends and their channels easier. More info about the process in the "How Does It Work" section. Features of the new Trend Channels (MTF) indicator : Plot Trend Channels Across Up To 3 Different Timeframes Broad Customizability Of Trend Detection Variety Of Trend Invalidation Options High Visual Customizability 🚩UNIQUENESS While the detection of trend channels is a common concept among traders, trend channels across different timeframes can be as crucial as the ones in the current timeframe. This indicator can find them from up to 3 different timeframes. While the general settings will perform well enough most of the time, the indicator also provides fine-tuning options for trend detection and trend invalidation for more experienced traders. 📌 HOW DOES IT WORK ? Trend channels occur when the price of an asset starts making a strong movement in a bullish or a bearish direction. This indicator detects trend channels using the Simple Moving Average (SMA). When the slope of the SMA line exceeds the user-defined size, a trend channel will occur. To understand how individual settings work, you can check the "⚙️SETTINGS" section. ⚙️SETTINGS 1. General Configuration SMA Length -> Determines the length used in the SMA function. Higher values mean that an average of a longer timespan will be taken into account when spotting trends. Slope Length -> Used while finding the slope of the trend channel. Check this example for slope length : ATR Size -> This setting is taken into calculation while checking if a trend channel is worth plotting. The higher this setting is, the higher the slope of the trend channel must be to get rendered. You can take a look at the chart provided above for a visual explanation. Channel Expander -> When a trend channel occurs, the top and the bottom of the channel are initally determined by the latest highest highs / lowest lows. This setting expands the channel vertically by X times Average True Range (ATR). Check this example : Trend Invalidation -> The trend channel gets invalidated when the bar closes / wicks above the top of the channel, or below the bottom of the channel. With this setting, you can switch the behaviour between bar close / bar wick. Avoid False Invalidation -> This setting makes it harder for trend channels to get invalidated to prevent false invalidations. Retries : The trend channel will have 5 chances for invalidation. First 4 invalidations will not invalidate the channel. The trend channel will only invalidate once the 5th invalidation occur. Volume : The bar that invalidates the trend channel must have a volume higher than 1.5x the average bar volume of the current chart. Otherwise the trend channel will not be invalidated. None : The trend channel will invalidate at the first invalidation.
Pine Script™ indicator
by fluxchart
5
Adaptive Trend Finder (log)In the dynamic landscape of financial markets, the Adaptive Trend Finder (log) stands out as an example of precision and professionalism. This advanced tool, equipped with a unique feature, offers traders a sophisticated approach to market trend analysis: the choice between automatic detection of the long-term or short-term trend channel. Key Features: 1. Choice Between Long-Term or Short-Term Trend Channel Detection: Positioned first, this distinctive feature of the Adaptive Trend Finder (log) allows traders to customize their analysis by choosing between the automatic detection of the long-term or short-term trend channel. This increased flexibility adapts to individual trading preferences and changing market conditions. 2. Autonomous Trend Channel Detection: Leveraging the robust statistical measure of the Pearson coefficient, the Adaptive Trend Finder (log) excels in autonomously locating the optimal trend channel. This data-driven approach ensures objective trend analysis, reducing subjective biases, and enhancing overall precision. 3. Precision of Logarithmic Scale: A distinctive characteristic of our indicator is its strategic use of the logarithmic scale for regression channels. This approach enables nuanced analysis of linear regression channels, capturing the subtleties of trends while accommodating variations in the amplitude of price movements. 4. Length and Strength Visualization: Traders gain a comprehensive view of the selected trend channel, with the revelation of its length and quantification of trend strength. These dual pieces of information empower traders to make informed decisions, providing insights into both the direction and intensity of the prevailing trend. In the demanding universe of financial markets, the Adaptive Trend Finder (log) asserts itself as an essential tool for traders, offering an unparalleled combination of precision, professionalism, and customization. Highlighting the choice between automatic detection of the long-term or short-term trend channel in the first position, this indicator uniquely caters to the specific needs of each trader, ensuring informed decision-making in an ever-evolving financial environment.
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Pine Script™ indicator
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Advanced Trend Channel Detection (Log Scale)The Advanced Trend Channel Detection (Log Scale) indicator is designed to identify the strongest trend channels using logarithmic scaling. It does this by calculating the highest Pearson's R value among all length inputs and then determining which length input to use for the selected slope, average, and intercept. The script then draws the upper and lower deviation lines on the chart based on the selected slope, average, and intercept, and optionally displays the Pearson's R value. To use this indicator, you will need to switch to logarithmic scale. There are several advantages to using logarithmic scale over regular scale. Firstly, logarithmic scale provides a better visualization of data that spans multiple orders of magnitude by compressing large ranges of values into a smaller space. Secondly, logarithmic scale can help to minimize the impact of outliers, making it easier to identify patterns and trends in the data. Finally, logarithmic scale is often utilized in scientific contexts as it can reveal relationships between variables that may not be visible on a linear scale. If the trend channel does not appear on the chart, it may be necessary to scroll back to view historical data. The indicator uses past price data to calculate the trend channel, so if there is not enough historical data visible on the chart, the indicator may not be able to identify the trend channel. In this case, the user should adjust the chart's timeframe or zoom out to view more historical data. Additionally, the indicator may need to be recalibrated if there is a significant shift in market conditions or if the selected length input is no longer appropriate.
Pine Script™ indicator
by Julien_Eche
2
CryptoverseThis Indicator dynamically generates and charts Pivot Points, Support and Resistance Lines, Trend Channels and even Rsi Divergences in every market and every time period. While it helps you identify your entry points, stop loss and take positions, it certainly does not include trading signals and trading strategy. Bonus: the indicator contains ema21, ema50, ema100 and ema200 to support the lines created. If you wish, you can change the EMA values in the settings. Recommendation: RSI is included in the indicator codes in order to detect divergences dataally, but it is not displayed on the chart. I recommend adding an additional RSI indicator to keep track of past and current potential divergences. USER MANUAL: ---------------------------------------------- General Settings: Pivot Period: This field determines how many candles before and after a candle should be controlled in order to be able to determine the top and bottom points on the chart. Support and Resistance Lines and Trend Channels formed on the chart are created by calculating the Pivot points formed according to the period determined here. (Default value: 6) Pivot Source: Determines the pivot points to be created according to the value of the relevant candle. (Default and Recommended: closing) ---------------------------------------------- Support And Resistance Settings: Custom Bars Back: This area allows you to specify how many pivot points from the current candle to the previous candle to create support resistance lines on the Chart. The default value is the last 500 candles. *Note: The more old candles are checked, the more support and resistance lines will appear. This may prevent you from making sound determinations on the chart.* Current Bar Decrease: This field works integrated with Custom Bars Back. By subtracting the current candle by the specified number, it provides the formation of lines without including those candles. Default value: It is set to 0 to include current data. Example: If Custom Bars Back: 500 and Current Bar Decrease: 10, Support and Resistance lines are created by considering 500 candles before the last 10 candles without including the last 10 candles on the chart. Show S/R Lines: This field allows you to show or hide the Support and Resistance lines at any time. Auto Simplification: This field is marked by default. It allows the Simplification Steps value to be determined automatically within the code according to the time period and current volatility of the relevant parity. (It is recommended to use the default version.) Simplification Steps: This field allows you to get more understandable lines by simplifying the Support and Resistance lines based on Pivot points. If a simplification is not done, the lines to be formed with only the pivot points will be too many and this creates a dirty and useless appearance on the chart. Each 1 digit you enter as a step combines the lines that are close to each other at a value of 0.01% and creates a common line. Example: If you enter the number 10 as Steps, it will form a single common line from lines close together, starting at 0.01% respectively. It will continue to increase by 0.02%, 0.03%, 0.04% in its next steps. For the number 10, it will complete its loop by combining lines within the last remaining lines that are as close as 0.1% to each other and creating new lines from their midpoints. The deafult value is 14. (Max. simplifies lines with closeness up to 1.4%.) Important Note: If Auto Simplification is on, the entered value has no meaning. The Indicator performs simplification operations automatically. If you want to manage these steps manually, you can turn off Auto Simplification and enter your own value. S/R Lines Color: Allows you to specify the color of the lines. Label Location: Allows you to determine how many candles ahead the information label formed for each line will be positioned. Line Label Descriptions: Line: It is the price value that the line coincides with.* Distance: Shows the percentage distance of the line from the current price. ▲ : Shows the percentage distance from the line above it. ▼ : Shows the percentage distance from the line below it. Strength: Indicates the total number of steps the process has taken during the simplification process. The height of the number indicates the strength of resistance and support in the close price range. C. Width: stands for Channel Width. It shows the percentage value between the highest price and the lowest price on the past candle as many candles specified by Custom Bars Back. S. Steps: stands for Simplification Steps. Indicates the number of simplification steps applied. A value of 150 in the image indicates that a 1.5% simplification range has been applied. ---------------------------------------------- Trend Channels Settings: Show All Trend Lines: Allows you to show and hide trend channels. Hide Old Trend Lines: If you enable it, it will hide channels created in the past except for Current Trend channels. Helper Line Format: Allows the auxiliary line that converts a trendline to a channel to be drawn based on percentage or price. Note: There may be cases where the auxiliary lines do not provide full parallelism when using large time intervals by preferring a percentage. Up Trend Color: Indicates the color of the Up Trend channel. Down Trend Color: Specifies the color of the Downtrend channel. Show Up Trend Overflow, Show Down Trend Overflow: When the price closes above or below the trend channels, it provides awareness with the help of a text on the chart. Colors can be adjusted according to preference. ---------------------------------------------- RSI Divergences Settings: This indicator gives you information about 4 different divergences. You can customize the divergence views with the show and hide options. Bullish Regular, Bullish Hidden, Bearish Regular and Bearish Hidden. Green divergences from the bottom of the graph represent bullish, and red divergences above the graph represent bearish. Important note: Seeing a mismatch label definitely indicates that there is a mismatch between prices and rsi, but a mismatch does not always indicate a change in price. Potential Divergence: The indicator not only shows you past divergences, but also informs you of potential divergences based on the current status of the chart. A potential divergence may not turn into a true one if the price flow continues to increase or decrease in the same direction. But all divergences seen in the past must have been shown as potential divergences beforehand. Rsi Length, Rsi Source: Allows you to change settings for RSI values typically embedded within the indicator. Note: Pivot Source and RSI Source using the same type of candle data ensures that divergences are displayed correctly. ---------------------------------------------- EMA Settings: The indicator allows you to use 4 different EMA data in addition to Support and Resistance lines, Trend Channels and RSI divergences. By default, 21, 50, 100 and 200 are used. You can change the EMA values and colors in the Settings section, or you can use the show hide options in the Style section.
Pine Script™ indicator
by HasanGocmen
2
Kirill ChannelThis indicator shows overbought and oversold zones. Can be used on all time frames. I personally use 15m - 30m. How to apply ?: - There can be many strategies for use! I use this indicator to buy an asset in the green zone and then sell it in the middle of the channel or in the red zone. - I strongly advise against entering counter-trend positions in a growing market if you have little trading experience and understanding of price action. How do I place orders ?: - I place orders in a grid. - If the price is very close to the edge, but it is difficult to reach it, then it is better to open a position on the market and place orders deep into the grid. - If the price is at the edge of the channel for a very long time, then you need to look at a higher timeframe. Algorithm composition: - ALMA - Keltner Channel - Fibonacci Retracement - Custom price percent offset calculations and manipulations. Settings: - I strongly do not recommend changing ALMA. These numbers have been specially calculated. - It's better not to change Borders either. The current algorithm dynamically changes the width of the extreme channels depending on the price movement. - The Keltner Channel was specially selected. - Fibonacci Retracement can be changed. This part of the algorithm can be modified to suit your needs. At the moment, there are settings for aggressive trading. Channel type: - Conservative: Fibonacci Retracement settings (100 ma, 100 atr, 8 mult, 100 smooth) - Aggressive: Fibonacci Retracement settings (25 ma, 25 atr, 3.5 mult, 100 smooth) Сonservative channel does not allow a large number of points to enter positions, however, it is more straightforward and safer for very large movements. I prefer aggressive settings because they allow me to make more profit on the number of trades. Try to use both modes and choose what is preferable for you.
Pine Script™ indicator
by GASANOV_KIRILL
12
Adaptive Trend Lines (Expo)Adaptive Trend Lines (Expo) identifies the current trend direction within the selected lookback period. The idea behind the indicator is that the trend lines should self adjust to the constantly changing market. The indicator adjusts itself to the market by using tr (true range) and stdev (standard deviation) as dynamic variables. The indicator displays positive- and negative trend channels. HOW TO USE 1. Use the indicator to identify the trend direction. I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks! I will continually work on this indicator , so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments! ----------------- Disclaimer Copyright by Zeiierman. The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My scripts/indicators/ideas are only for educational purposes!
Pine Script™ indicator
by Zeiierman
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Linear Regression Trend ChannelThis is my first public release of indicator code and my PSv4.0 version of "Linear Regression Channel", as it is more commonly known. It replicates TV's built-in "Linear Regression" without the distraction of heavy red/blue fill bleeding into other indicators. We can't fill() line.new() at this time in Pine Script anyways. I entitled it Linear Regression Trend Channel, simply because it seems more accurate as a proper description. I nicely packaged this to the size of an ordinary napkin within 20 lines of compact code, simplifying the math to the most efficient script I could devise that fits in your pocket. This is commonly what my dense intricate code looks like behind the veil, and if you are wondering why there is no notes, that's because the notation is in the variable naming. I excluded Pearson correlation because it doesn't seem very useful to me, and it would comprise of additional lines of code I would rather avoid in this public release. Pearson correlation is included in my invite-only advanced version of "Enhanced Linear Regression Trend Channel", where I have taken Linear Regression Channeling to another level of fully featured novel attainability using this original source code. Features List Includes: "Period" adjustment "Deviation(s)" adjustment "Extend Method" option to extend or not extend the upper, medial, and lower channeling Showcased in the chart below is my free to use "Enhanced Schaff Trend Cycle Indicator", having a common appeal to TV users frequently. If you do have any questions or comments regarding this indicator, I will consider your inquiries, thoughts, and ideas presented below in the comments section, when time provides it. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script™ indicator
by ImmortalFreedom
20