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Wave Analysis

CHS Zig ZagCHS ZigZag stands for Changeable Source ZigZag The original ZigZag indicator offered by TradingView doesn't have the ability to measure the tips and troughs based on closing prices (line chart), however, this indicator is capable of receiving an input from user that determines the price source used for further calculations. The default inputs of the original ZigZag indicator have been also changed in order to make it adapt to pivots formed on line chart but users can change arbitrarily.
Pine Script™ indicator
by Mahdi_Fatemi1998
21
Market Cipher Screener
In recent years, the MarketCipher indicator has become more and more well-known. An expensive indicator that is suitable for trading crypto, but also stocks or Forex. The system works with already known indicators en scripts from Tradingview, but then merged into one working system. The large green and red circles play a major role in this. You can see these as buying or selling moments. I made a script that scans 40 tickers on those red and green circles, without having to buy MarketCipher. When a green or red circle is printed at MarketCipher, it also will appear in this screener. There is a green label for tickers that print a green circle and of course a red label for the tickers that print a red circle. What's in the script? - 40 cryptotickers are already included as standard. You can easily adjust this yourself via the wheel. - Alerts when a new ticker meets the criteria - The ability to move the labels so that you can load and side-by-side this script multiple times. A few tips: - Load the indicator multiple times to screen more tickers. - The higher the timeframe, the more reliable the direction will be. - Set an alert so you don't miss any opportunities. Road map: - Convert labels to table view. - In the future table also implement the other components of MarketCipher.
Pine Script™ indicator
by Bobby-GeoTrader
9
FLEX KDJ INDHi Dears! Here you have this ability to define different methods to aquire high and low bonds in KDJ indicator. Thses Topologies are available in Popup menu and could be defined by user: - "AVG" : Use average of cashed data in both High and low Bond - "MEDIAN" : Use median of cashed data in both High and low Bond - "MAX" : Use Max of cashed data in both High and low Bond - "MIN" : Use Min of cashed data in both High and low Bond - "WIDE" : Use Max of cashed data in High and Min of them for low Bond - "NARROW" : Use Min of cashed data in High and Max of them for low Bond - "FIX" : Use predefined constant values by user in 'Max BOND' and 'Min BOND' - "GAUSS" Use statistical standard deviation method and 'Mult. Max BOND' and 'Mult. Min BOND' to calculate High and low Bond. In "LEFT RANGE" and "RIGHT RANGE" you can define the range which be used to find pivot and extremum points in calculation of highest and lowest LONG-TERM KDJ Line. 'MEMORY' is the size of cash that you want to collect the extracted data from extreimum points for highest and lowest LONG-TERM-KDJ. If overflowing from this point the oldest value would be kicked from cash. Other parts are same in KDJ Indicators. Enjoy trading! Shakib.
Pine Script™ indicator
by shaklerner1
4
Structured zigzag support&resistance [LM]Hello Traders, I would like to introduce you Structured zigzag support&resistance. It is based on the ZigZag semafor script made by DevLucem so shout out to him The indicator is used to spot future multi-level Supports and Resistance zones. It is also useful to spot HL or LL or HH or LH zones I's the same zigzag indicator as my other zigzag indicator with highlight on diagonal lines(highs and lows are automatically classified and also new types of diagonal lines that connects low or highs and extends to right are drawn ) It has two settings: Fist is to control horizontal lines and zigzag setting Second is to control diagonal lines I hope you will enjoy it as I enjoyed to write it. Lukas
Pine Script™ indicator
by lmatl
52
Wave Strength Oscillator By CryptoScriptsThe Wave Strength Oscillator uses a combination of wave strength and momentum to help catch the best entries for reversals and does so using a few methods. I'm currently using the 1h timeframe for BTC but feel free to experiment on different timeframes to see what works best for you. In the description below, I'll go over each signal, how it's derived, and how to use them! Oversold (Green shaded area) - The oversold indication appears whenever both oscillators are oversold and is usually a good indicator that a reversal to the upside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators. Overbought (Red shaded area) - The overbought indication appears whenever both oscillators are overbought and is usually a good indicator that a reversal to the downside is around the corner (at least for a short period). Be advised these are the weakest of the three signals so I recommend using this signal with other indicators. Green Diamond - The green diamonds indicate whenever one or both of the oscillators are oversold AND they are both outside of the bollinger bands which is great for catching reversals to the upside (as seen in the chart). These may come two or three at a time so it may be best to wait until they have all printed before entering. Red Diamond - The red diamonds indicate whenever one or both of the oscillators are overbought AND they are both outside of the bollinger bands which is great for catching reversals to the downside (as seen in the chart). These may come two or three at a time so it may be best to wait until they have all printed before entering. Rocket - The rocket symbol occurs whenever BOTH oscillators are oversold and BOTH oscillators are outside of the bollinger bands. This is great for catching reversals to the upside but may come two or three at a time so it may be best to wait until they have all printed before entering. Red Alarm - The red alarm symbol occurs whenever BOTH oscillators are oversold and BOTH oscillators are outside of the bollinger bands. This is great for catching reversals to the downside but may come two or three at a time so it may be best to wait until they have all printed before entering. Input Options Show Histogram - I also included a Histogram in the indicator to help gauge the level of buys/sell strength but kept it hidden for the default levels (i.e a green diamond with a red histogram bar is usually a good sign a reversal is about to happen to the upside whereas a green diamond with a green histogram bar may indicate a false reversal and there's still more room to the downside until a red bar appears. Always backtest this!) Show Overbought/Oversold Levels - This is if you want to ignore all of the green/red shaded areas and only focus on the diamonds and rocket/alarm signals Wave Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print Momentum Overbought/Oversold Levels - Free free to change to value of the overbought/oversold levels to change where the green/red shades areas print Histogram Length - This will not change anything with the signals but I included it so you can change the visuals if it helps you Momentum Length - This will change where the signals plot Momentum Signal - This only changes the yellow signal line and nothing else. It's not incorporated into any equation Average Length - This will change where the signals plot Alerts I've set alerts on this indicator for each icon (Oversold, Overbought, Green Diamond, Red Diamond, Rocket, Red Alarm). I HIGHLY recommend setting the alerts for Candle Close so that you can be sure the signal is confirmed. You may notice that the indicator can give multiple signals back-to-back or be overbought/oversold for multiple candles. When this happens, it's best to look at other indicators such as the RSI , MFI Pro, etc to nail the best entry and have confluence with your decision. With that said, having multiple signals back-to-back can also be an indication that the move is close to happening. This indicator works with crypto and stocks as well. If you have any questions or would like to purchase this indicator, please comment below or PM me. I also made a video tutorial for the indicator on my Youtube channel (link is next to my profile pic) Be advised past performance is not indicative of future returns. Backtest EVERY timeframe and NEVER blindly take signals! Also, never invest more than you can afford to lose. Enjoy :)
Pine Script™ indicator
by CryptoScripts
FxCanli Price ActionEN - FxCanli TradingView Price Action indicator can draw and alert at; Break of Structure (BOS), Change of Character (CHoCH), Liquidity, Order Block, Power Zone. TR - FxCanli TradingView Price Action indikatörü grafiklerinizde; Break of Structure (BOS) Change of Characte (CHoCH) Liquidity Order Block Power Zone seviyelerini otomatik olarak çizer ve alarm verir. FEATURES & EXAMPLES / ÖZELLİKLER & ÖRNEKLER ************************************************************** Market Structure; EN - You can easly follow market structure, Up Trend with green waves, Down trend with Red waves TR - Market yapısını kolayca takip edebilirsiniz. Yukarı trendi yeşil dalgalar ile, Aşağı trendi kırmızı dalgalar ile. Change of Character (CHoCH) ************************************* EN - Shows trend reversals TR - Trend dönüşümlerini gösterir Break of Structure (BOS) ****************************** EN - Shows trend continuations TR - Devam eden trendleri gösterir Liquidity *********** EN - Shows Liquidity levels TR - Likidite seviyelerini gösterir Order Block *************** EN - Shows Order Block levels which is a technical analysis technique that tracks the accumulation of orders (when bullish) and distribution of orders (when bearish) of banks and institutional traders. TR - Bankaların ve kurumsalların emir birikimini (yükseliş olduğunda) ve emir dağılımını (düşüş olduğunda) Order Block olarak gösterir.
Pine Script™ indicator
by FxCanli
58
PopGun Trading, PG Pattern DetectorPopGun Bar Pattern Strategy PG Trading The indicator does the following: It detects the Outside Bar, the smaller inside Bar and the 3rd Pop Gun that is bigger, than the inside Bar. When the Pop Gun was detected, the indicator will calculate 3 targets for long and short trades. In our understanding, a Pop Gun is neutral. The next candles after the Pop Gun will decide if the PG breakout is bullish or bearish. So if one of the next candles after the PG is breaking the high or low of the PG Candle, this is a breakout confirmation and can traded long or short. We are using the PG Indicator for Stock, Futures and Index Trading. The Script uses 3 targets per default, but you can extend the target dots up to 6. If you want to see the targets in plain text, you can activate the PG Box. The targets are calculated really easy: Just the height of the candle multiplied with 1, 2 and 3 (4,5 and 6 additionally). In some communities there is an ATR calculation for more extended targets but it seems, that the ATR Calculation will sometimes lead to unreachable targets if the ATR is really high intraday... We trade PopGuns starting at M15 chart. I think PGs smaler than M15 are not worth a trade... Maybe i will add the ATR Function in the future just to compare the 2 ways to calculate PG targets. We are really doing well with 1,2,3 targets based on the PG Candle size. (Low to High). Please leave a comment if you have some feature requests or input to make this the best Pop Gun Indicator in Trading View ;-)
Pine Script™ indicator
by Roul_Charts
Volume spread analysis V1 (RT)Volume Spread Analysis is a method used by professional traders to identify the Smart money's activities (Institutional Traders) in the markets based on Price and Volume data. and it is considered to be one of the best technical analysis compared to all forms of trading since it is not prone to smart money manipulation but the method itself is to identify the smart money's activity in any markets. Volume plays an important role in trading since it is used to identify the Smart trader's activity in the markets and it can play a crucial role when it comes to identifying accurate Chart patterns and levels with entries and exits. Important Features included in this indicator:- 1. Volume Spread Analysis signals to identify SOS (Signal of strength) and SOW (Signal of weakness). 2. Potential Volume zones to identify important levels of Smart money. 3. Gap up and Gap Down Levels to identify the irregular gaps and corrections in the markets. 4. Added Historic signals and other parameter options in the settings. 5. Effort VS Result Option included. 6. Volume Waves, Also known as Cumulative Volume to identify Effort vs result and Buyers/Seller's Activity in the markets. 7. Multiple Options to change the colors of various indicators included. 8. The indicator also consists VWAP option which can be used as POC on Day Trading. Please note that this indicator will be developed with time as we will constantly be adding more VSA signals in the upcoming days and we are constantly working on the quality of the indicator. YouTube:- www.youtube.com Feel Free to reach us via our WhatsApp number +91 9964982366 and provide us with your valuable feedback and ideas for the development of our indicators.
Pine Script™ indicator
by RoguetraderIND
9
RSI Divergence Scanner by zdmreDivergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction. If the stock is rising and making new highs, ideally the RSI is reaching new highs as well. If the stock is making new highs, but the RSI starts making lower highs, this warns the price uptrend may be weakening. This is negative divergence. Positive divergence is the opposite situation. Imagine the price of a stock is making new lows while the RSI makes higher lows with each swing in the stock price. Investors may conclude that the lower lows in the stock price are losing their downward momentum and a trend reversal may soon follow. Divergence is one of the common uses of many technical indicators, primarily the oscillators. Use it at your own risk
Pine Script™ indicator
by zdmre
47
CyCLOPECyCLOPE - CYCLe OPErator by Antonio Pace 2022 All right reserved The script uses time series decomposition tecniques for decompose the price signal into 10 harmonics waves of increasing period and wavelength, the sum of which is the signal itself, to eliminate background noise and show a cleaner signal. Also divides the high frequencies (secondary, short period trend) from the primary trend (long period trend), which is composed of low frequencies, and show both separately. Find highs and lows and indicate possible trend reversals, and favorable entry or exit points. T0 is the basic harmonic with period 8 Time Unit (TU) of the current timeframe. T1 has a double period compared to T0, T2 has a double period compared to T1 and so on. The script composes the primary trend by adding the First 5 harmonics of the longer period (T7 + T6 + T5 + T4 + T3), therefore of low frequency. This eliminates the noise (short-term retracements) from the main trend. Similarly, it reconstructs the secondary trend (a possible retracement of a primary trend) by adding the two harmonics with the high frequency (T2 + T1) T0 the harmonic with highest frequency it is too noisy for this TimeFrame and is left out. The script then identifies the maximums and minimums of the primary trend and the secondary trend, indicating possible trend reversal points or favorable entry points in a continuing trend. The script finds the maxima and minima of the reconstructed signal so as to have as little noise as possible. The reconstructed signal is shown on the screen. The blue line for the long term trend and the orange line for the short time trend. If the cloud changes from red to green, it means that a local minimum has formed on the main tred, we are in the presence of a possible bullish inversion. If the cloud turns from green to red then a local high has formed, a bearish trend reversal may have started. The line on the cloud represents the subtrend instead. If the line goes from green to red it has formed a maximum and if it goes from red to green it has formed a minimum. For instance: If the line is red and the cloud becomes red we are in the presence of a possible inversion and the beginning of a bearish trend. I exit the long position and into the short position. Similarly If the cloud is red and the line is green it means that I have a rising subtrend in a bearish dominate trend. If the line turns red I have a bearish entry point. If the cloud turns green the low of the subtrend has also become a low of the main trend, a bullish trend has started. The script is designed to run on a daily timeframe, but it should work on any timeframe provided there are enough Time Units (1024 TU) in the past. Minimum usable timeframe: 8h, at shorter timeframes the signal becomes indistinguishable from noise. when the main trend and the sub-trend have the same magnitude, that is, the line and the cloud have the same size, but different color the noise prevails, there is no valid information. Wait for them to become the same color to enter the market again. Once you have chosen the timeframe and asset on which to operate, select the harmonics to compose the main trend and those to compose the secondary trend so that the indicator matches as much as possible with the real results. Looking for the right balance between signal and noise and then continuing to use these settings, for this specific timeframe. if you don't want have both Long Term and Short Trend trend on screen you can hide the short therm and add is harmonic to LongTime trend in these case gren cloud indicate long and red color indicate short. VERY IMPORTANT! THE LONG TERM TREND DOMINATE OVER THE SHORT TERM TREND EXCEPT WHERE BOTH HAVE SAME MAGNITUDE. The short term trend describe price retracemet over long term trend, enter to market only when both have the same color. Use short therm trend to find maximum or minimum of retracement. FIND AND USE THE MINIMUM NUMBER OF WAVE PER TREND, THE RISK IS OVER FITTING THE PRICE LINE AND CREATE CONFUSION. THE SCRIPT WORK BEST FOR DAILY TIMEFRAME AND COME CONFIGURED FOR THIS.
Pine Script™ indicator
by Hybristes
Support and Resistance Multiperiod (Zig Zag Based)Support and Resistance Multiperiod (Zig Zag Based) What is the indicator? • The indicator is a multi period (up to 5 lengths) Support and Resistance indicator calculated based on Zig Zag. Who can use? Scalpers to Long term investors What timeframe to use? • Any timeframe What are the lines? • Green lines are Support levels. • Orange lines are Resistance levels. How to use? • Buy Low and Sell High. • Brighter zones means strong Support or Resistance. • Weaker zones appear lighter. • Brighter zones are formed by overlapping of lines from multiple levels of support or resistance. Indicator Menu • The indicator can input 5 different Lengths. • The default settings uses 13, 21, 52, 100 & 200. • Every option are customizable.
Pine Script™ indicator
by Arun_K_Bhaskar
19
XPace* XPACE INDICATOR * The XPace indicator represents a histogram view of the Tape Speed of the Floor. The Tape Speed (aka Pace) is represented as red and green bars drawn in a histogram view. As the red histogram bars grow larger and increase in frequency, this shows that the BIDS are in kontrol at that time. And conversely, when the green histogram bars grow larger and instead in frequency, this shows that the OFFERS are in kontrol. Weighing in whether the BIDS or OFFERS are in kontrol can be a helpful indicator to decide what direction the market could move in. What is helpful about XPace is that it will show you the raw value of the BID and OFFER kontrol. This can be combined with XKontrol which will classify the kontrol as either Initial, Strong, and Total. Using these 2 indicators combined has added value. * WHAT MAKES IT ORIGINAL * Up to this point, there is not another indicator that represents the BIDS and OFFERS that correlate and represent the Tape Speed of the Floor. * XKONTROL INDICATOR * The other indicator on this chart is XKontrol, as shown as dots of varying sizes on the chart. The dots are a visual representation of who is in Kontrol relative to the Tape Speed of the Floor. The XKontrol indicator will show you who is in Kontrol, the BIDS or the OFFERS. This is a very powerful indicator. Great for long term plays and a *SCALPERS* paradise. The XKontrol indicator reads the BIDS Being hit and the OFFERS being lifted, and then represents the strength of the Bids being hit and Offers being lifted as dots on the chart. The various dot sizes produced by XKontrol show the level of control the Bids or the Offers have at that point of time in the chart. As the Dots grow larger, the level of Kontrol is increased. There are 3 dot sizes ranging from Small, Medium, and Large. Respectively they represent Intial Kontrol, Strong Kontrol, and Total Kontrol. Total Kontrol is achieved when either the BIDS or the OFFERS are dominating at the time. This is generally the direction you want to place your trades in and show that either the Bids or the Offers are flooding the market. As the BID dots increase in frequency and in size this shows that the BIDS are in kontrol and dominating. Vice versa, when the OFFER dots increase in frequency and in size this shows that the offers are in kontrol and dominating. When you see the large dot that is generally a strong sign of the direction price may go. However, it also can be climactic and price could reverse. That would symbolize a case of Effort / No Result. For Example, when the BIDS are in Kontrol and dominating, make a lower low, and then price quickly reverses, it could symbolize a climax. Usually XKontrol is used in conjunction with XPace, as XKontrol deciphers the Tape Speed of the Floor and draws graphical dots to show whether the BIDS or the OFFERS are dominating right on the chart. Reading XPace will show visually in the histogram the strength of the BID and OFFER Kontrol in the histogram. * XKONTROL ALERTS * Alerts can be set very easily with the instructions below. 1. Right Click Chart -> Add Alert... 2. Select Condition to be "XKontrol" 3. Select any level of Kontrol. For example you can Select "Offers Total Kontrol" 4. Select "Greater Than" with Value = 0 5. Options set "Once Per Bar Close" to only fire alert after bar closes 6. Customize Any other Alert Options you want * EXAMPLE AND USE CASES * Some practical examples of using XKontrol + XPace combined could be the following: 1. XKontrol Large Green Dot + XPace Large Green Bar could be that the OFFERS have gained total kontrol and are dominating against the Bids. Once would want to watch for higher prices to be potentially reached after that. 2. XKontrol Small Red Dot + XPace Large Red Bar could be that there was a lot of effort on behalf of the BIDS, but they failed to achieve any significant kontrol. The small red dot in XKontrol represents only initial kontrol which is weak kontrol. An application would be to watch for a potential break out on the up side and that will confirm that the BIDS overexerted their effort and was oversold. 3. XKontrol Red and Green Dots mixed could show that it has not been decided whether the BIDS or OFFERS are dominating and the outlook is neutral. If the XPace histogram bars don't stand out either, it would add another point for a neutral analysis. * AUTHOR * This script is published by MBoxWave LLC
Pine Script™ indicator
by mboxwave
2
rzigzagLibrary "rzigzag" Recursive Zigzag Using Matrix allows to create zigzags recursively on multiple levels. After bit of consideration, decided to make this public. zigzag(length, ohlc, numberOfPivots, offset)   calculates plain zigzag based on input   Parameters:      length : Zigzag Length      ohlc : Array containing ohlc values. Can also contain custom series      numberOfPivots : Number of max pivots to be returned      offset : Offset from current bar. Can be used for calculations based on confirmed bars   Returns: nextlevel(zigzagmatrix, numberOfPivots)   calculates next level zigzag based on present zigzag coordinates   Parameters:      zigzagmatrix : Matrix containing zigzag pivots, bars, bar time, direction and level      numberOfPivots : Number of max pivots to be returned   Returns: matrix zigzagmatrix draw(zigzagmatrix, newPivot, doublePivot, lineColor, lineWidth, lineStyle, showLabel, xloc)   draws zigzag based on the zigzagmatrix input   Parameters:      zigzagmatrix : Matrix containing zigzag pivots, bars, bar time, direction and level      newPivot : Flag indicating there is update in the pivots      doublePivot : Flag containing there is double pivot update on same bar      lineColor : Zigzag line color      lineWidth : Zigzag line width      lineStyle : Zigzag line style      showLabel : Flag to indicate display pivot labels      xloc : xloc preference for drawing lines/labels   Returns: draw(length, ohlc, numberOfPivots, offset, lineColor, lineWidth, lineStyle, showLabel, xloc)   calculates and draws zigzag based on zigzag length and source input   Parameters:      length : Zigzag Length      ohlc : Array containing ohlc values. Can also contain custom series      numberOfPivots : Number of max pivots to be returned      offset : Offset from current bar. Can be used for calculations based on confirmed bars      lineColor : Zigzag line color      lineWidth : Zigzag line width      lineStyle : Zigzag line style      showLabel : Flag to indicate display pivot labels      xloc : xloc preference for drawing lines/labels   Returns: drawfresh(zigzagmatrix, zigzaglines, zigzaglabels, lineColor, lineWidth, lineStyle, showLabel, xloc)   draws fresh zigzag for all pivots in the input matrix.   Parameters:      zigzagmatrix : Matrix containing zigzag pivots, bars, bar time, direction and level      zigzaglines : array to which all newly created lines will be added      zigzaglabels : array to which all newly created lables will be added      lineColor : Zigzag line color      lineWidth : Zigzag line width      lineStyle : Zigzag line style      showLabel : Flag to indicate display pivot labels      xloc : xloc preference for drawing lines/labels   Returns:
Pine Script™ library
by Trendoscope
9
XKontrol* XKONTROL INDICATOR * Is a visual representation of who is in Kontrol relative to the Tape Speed of the Floor. The XKontrol indicator will show you who is in Kontrol, the BIDS or the OFFERS. This is a very powerful indicator. Great for long term plays and a *SCALPERS* paradise. * WHAT THE SCRIPT DOES * The XKontrol indicator reads the BIDS Being hit and the OFFERS being lifted, and then represents the strength of the Bids being hit and Offers being lifted as dots on the chart. The various dot sizes produced by XKontrol show the level of control the Bids or the Offers have at that point of time in the chart. * HOW IT WORKS * As the Dots grow larger, the level of Kontrol is increased. There are 3 dot sizes ranging from Small, Medium, and Large. Respectively they represent Intial Kontrol, Strong Kontrol, and Total Kontrol. Total Kontrol is achieved when either the BIDS or the OFFERS are dominating at the time. This is generally the direction you want to place your trades in and show that either the Bids or the Offers are flooding the market. * HOW TO USE IT * As the BID dots increase in frequency and in size this shows that the BIDS are in kontrol and dominating. Vice versa, when the OFFER dots increase in frequency and in size this shows that the offers are in kontrol and dominating. When you see the large dot that is generally a strong sign of the direction price may go. However, it also can be climactic and price could reverse. That would symbolize a case of Effort / No Result. For Example, when the BIDS are in Kontrol and dominating, make a lower low, and then price quickly reverses, it could symbolize a climax. Usually XKontrol is used in conjunction with XPace, as XKontrol deciphers the Tape Speed of the Floor and draws graphical dots to show whether the BIDS or the OFFERS are dominating right on the chart. Reading XPace will show visually in the histogram the strength of the BID and OFFER Kontrol in the histogram. * WHAT MAKES IT ORIGINAL * Up to this point, there is not another indicator that shows BID and OFFER Kontrol on the chart, that correlates and represents the Tape Speed of the Floor. * XKONTROL ALERTS * Alerts can be set very easily with the instructions below. 1. Right Click Chart -> Add Alert... 2. Select Condition to be "XKontrol" 3. Select any level of Kontrol. For example you can Select "Offers Total Kontrol" 4. Select "Greater Than" with Value = 0 5. Options set "Once Per Bar Close" to only fire alert after bar closes 6. Customize Any other Alert Options you want * XPACE INDICATOR * The other indicator on the chart shown in the Histogram is called XPace. It represents a histogram view of the Tape Speed of the Floor. It correlates to XKontrol, but instead of Dots will draw histogram bars showing the extent of the BID or OFFER Control. As the red histogram bars grow larger and increase in frequency, this shows that the BIDS are in kontrol at that time. And conversely, when the green histogram bars grow larger and instead in frequency, this shows that the OFFERS are in kontrol. Weighing in whether the BIDS or OFFERS are in kontrol can be a helpful indicator to decide what direction the market could move in. What is helpful about XPace is that it will show you the raw value of the BID and OFFER kontrol whereas XKontrol will classify the kontrol as either Initial, Strong, and Total. Using these 2 indicators combined has added value. * EXAMPLE AND USE CASES * Some practical examples of using XKontrol + XPace combined could be the following: 1. XKontrol Large Green Dot + XPace Large Green Bar could be that the OFFERS have gained total kontrol and are dominating against the Bids. Once would want to watch for higher prices to be potentially reached after that. 2. XKontrol Small Red Dot + XPace Large Red Bar could be that there was a lot of effort on behalf of the BIDS, but they failed to achieve any significant kontrol. The small red dot in XKontrol represents only initial kontrol which is weak kontrol. An application would be to watch for a potential break out on the up side and that will confirm that the BIDS overexerted their effort and was oversold. 3. XKontrol Red and Green Dots mixed could show that it has not been decided whether the BIDS or OFFERS are dominating and the outlook is neutral. If the XPace histogram bars don't stand out either, it would add another point for a neutral analysis. * AUTHOR * This script is published by MBoxWave LLC
Pine Script™ indicator
by mboxwave
3
Cipher B divergencies for Crypto (Finandy support)Hello Traders! In times of high volatility, it is important to follow a market-neutral strategy to protect your hard-earned assets. The simple script employs common buy/sell and/or divergencies signals from the VuManChu Cipher B indicator with fixed stop losses and takes profits. The signals are filtered by a local trend of a coin of interest and the global trend of Bitcoin. These trends-filtered signals demonstrated better performance on most of the back- and forward- tests for USDT cryptocurrency futures. The strategy is based on my real experience, it's a diamond I want to share with you. In terms of visualization if the background is red and the price is below the yellow line then only a short position can be opened. Conversely, if the price is above the yellow line AND the background is green only a long position can be opened. Inputs from VuManChu you can find on the top. Frankly, I do not know how they can help you to improve the performance of the strategy. My inputs of the script you can find in "Trend Settings" and "TP/SL Settings" at the bottom. The checkbox "Only divergencies" lets to broadcast only more reliable buy/sell signals for a cost of rare deals. The checkbox "Cancel all positions if price crosses local sma?" makes additional trailing stop loss. Usually, this function increases the win rate by "smoothing" the risk/reward ratio, as a usual stop loss does. You can tune SL/TP based on backtesting. To connect the script to Finandy just edit "name" and "secret" to connect your webhook (see the bottom of the script). The rule of thumb for the strategy is "only divergencies" - ON, high reward/risk (TP/SL) ratio, 5 min timeframe on chart help with performance. Finally, I am looking forward to feedback from you. If you have some cool features for my script in your mind, do not hesitate to leave them in the comments. Good luck!
Pine Script™ strategy
by Cherepanov_V
13