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Wave Analysis

3 Zigzag for MTF Fib Alert [MsF]Japanese below / 日本語説明は英文の後にあります。 ------------------------- This indicator that automatically displays Fibonacci from each High & Low based on 3 Zigzags. It's useful for multi-timeframe analysis. For example, Fibonacci calculated from the high and low prices (Zigzag 3 Period=100) of the upper timeframe can be displayed on the lower timeframe. Also, you can set alerts for each Fibonacci point. It is useful when you are waiting for the price to return to the discount (50% or less) or the premium (50% or more) of the upper timeframe. "Fib 1 - Crossing 0.00" … Trigger an alert when crossing the 0% line in Fibonacci of Zigzag1 "Fib 1 - Crossing 100.0" … Trigger an alert when crossing the 100% line in Fibonacci of Zigzag1 "Fib 1 - Crossing 23.6" … Trigger an alert when crossing the 23.6% line in Fibonacci of Zigzag1 "Fib 1 - Crossing 38.2" … Trigger an alert when crossing the 38.2% line in Fibonacci of Zigzag1 "Fib 1 - Crossing 50.0" … Trigger an alert when crossing the 50.0% line in Fibonacci of Zigzag1 "Fib 1 - Crossing 61.8" … Trigger an alert when crossing the 61.8% line in Fibonacci of Zigzag1 "Fib 1 - Crossing 76.4" … Trigger an alert when crossing the 76.4% line in Fibonacci of Zigzag1 *Same as Zigzag 1 and Zigzag 2 too. "Choose Zig Zag Leg for fib" parameter means... Latest : Calculate Fibonacci based on "the most recent Zigzag line". Previous : Calculate Fibonacci based on "the previous Zigzag line". ------------------------- 3つのZigzagを元に各High＆Lowからフィボナッチを自動で表示するインジケーターです。 Zigzagの期間を工夫することで、マルチタイムフレーム分析に役立ちます。 例えば、以下の設定とした場合： Zigzag 1 Period … 8 Zigzag 2 Period … 25 Zigzag 3 Period … 100 上位時間足Zigzag（Period=100）の高値安値から形成されるフィボナッチを下位時間足に表示することができるのです。 また、このインジケーターではフィボナッチのポイント毎にアラートの設定が可能です。 上位時間足の割安価格（50％以下）や割高価格（50％以上）に価格が戻ってくるのを待っている時などに力を発揮してくれます。 "Fib 1 - Crossing 0.00" … Zigzag1のフィボナッチにおいて、0%ラインとクロスした場合にアラートを発報します "Fib 1 - Crossing 100.0" … Zigzag1のフィボナッチにおいて、100%ラインとクロスした場合にアラートを発報します "Fib 1 - Crossing 23.6" … Zigzag1のフィボナッチにおいて、23.6%ラインとクロスした場合にアラートを発報します "Fib 1 - Crossing 38.2" … Zigzag1のフィボナッチにおいて、38.2%ラインとクロスした場合にアラートを発報します "Fib 1 - Crossing 50.0" … Zigzag1のフィボナッチにおいて、50.0%ラインとクロスした場合にアラートを発報します "Fib 1 - Crossing 61.8" … Zigzag1のフィボナッチにおいて、61.8%ラインとクロスした場合にアラートを発報します "Fib 1 - Crossing 76.4" … Zigzag1のフィボナッチにおいて、76.4%ラインとクロスした場合にアラートを発報します ※Zigzag1およびZigzag2のフィボナッチも同様 "Choose Zig Zag Leg for fib"パラメータについて： Latest … 一番新しいZigzagのライン（UpまたはDown）を元にフィボナッチを計算します。 Previous … ひとつ前のZigzagのライン（UpまたはDown）を元にフィボナッチを計算します。
Pine Script™ indicator
by Trader_Morry
25
Laguerre Stochastic | AdulariDescription: The Laguerre Stochastic is similar to a 4-period regular Stochastic, except that a Laguerre transform has been applied for price smoothing. The Laguerre transform is a mathematical technique that allows smooth indicators to be built using small amounts of data. How do I use it? Never use this indicator as standalone trading signal, it should be used as confluence. When the value is above the middle line this shows the bullish trend is strong. When the value is below the middle line this shows the bearish trend is strong. When the value crosses above the upper line this indicates the trend may reverse downwards. When the value crosses below the lower line this indicates the trend may reverse upwards. When the value crosses above the signal this indicates the current bearish trend is getting weak and may reverse upwards. When the value crosses below the signal this indicates the current bullish trend is getting weak and may reverse downwards. Features: Oscillator value indicating the difference between highs and lows fractioned by the close price. %D value acting as a smoothed version of the %K. Horizontal lines such as oversold, overbought and middle lines, indicating possible interest zones. How does it work? 1 — Calculate regular Stochastic value. 2 — Apply the Laguerre transform. 3 — Calculate %D value by applying smoothing to the %K value.
Pine Script™ indicator
by Adulari
TOTAL:(RSI+TSI)TOTAL:(RSI+TSI) This indicator collects instant data of RSI and TSI oscillators. RSI moves between (0) and (100) values as a moving line, while TSI moves between (-100) and (+100) values as two moving lines. The top value of the sum of these values is graphically; It takes the total value (+300) from RSI (+100), TSI (+100) and (+100). The lowest value of the sum of these values is graphically; It takes the value (-200) from the RSI (0), (-100) and (-100) from the TSI. In case this indicator approaches (+300) graphically; It can be seen that price candlesticks mostly move upwards. This may not always give accurate results. Past incompatibilities can affect this situation. In case this indicator approaches (-200) graphically; It can be seen that price candlesticks mostly move downwards. This may not always give accurate results. Past incompatibilities can affect this situation. The graphical movements and numerical values created by this indicator do not give precise results for price candles.
Pine Script™ indicator
by gokhanpirnal
Multi-Timeframe MA Based Zigzag[liwei666]🎲 Overview 🎯 This Zigzag indicator build based on different MA such as EMA/HMA/RMA/SMA, support multi-timeframe setting . you can get customer zigzag indicator by change short/long ma length and high-timeframe config(5m/15m/30m/1h/2h) in any symbol. 🎲 Indicator design logic 🎯 entired logic is simple and code looks complex, I‘ll explain core logic here, code already equipped with detailed comments. 1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under, not use func ta.pivothigh()/ta.pivotlow() 2. when EMA crossover/under plot a char as signal like ●/❄/▲, crossover get blue char crossunder get red char 3. latest zigzag line is not drawn until EMA is turned (crossover/under), but signal is realtime 4. you can see diff zigzag structure when you open high-timeframe config, then find regular pattern benefit your trading. 🎲 Settings 🎯 there are 3 group properties in script, just focus on 5 properties in 'GRP1' , 'GRP2' and 'GRP3' are display config. 'GRP1': MA_Type: MA type you can choose(EMA/RMA/SMA/HMA/WMA), default is EMA short_ma_len: short MA length of your current timeframe on chart long_ma_len: long MA length of your current timeframe on chart htf_ma_len: MA length of high timeframe, MA type same as 'MA_Type' config htf_ma_tf: high timeframe ma length, 15/30/60/120 minute 'GRP2': • show_short_zz • show_long_zz  • show_htf_zz: 'GRP3': • show_short_ma_line • show_short_ma_signal • show_long_ma_line • show_long_ma_signal • show_htf_ma_line • show_htf_ma_signal 🎲 Usage 🎯 As we know, MA based signal usually worked fine in trend market , low volatility is unprofitable. 🎯 One of pattern as the chart show below. 1. success example : after a blue ▲ signal, entry long when blue ● signal appear, marked with green box. 2. failed example: after a blue ▲ signal, a red ▼ signal appear, marked with white box. 🎯 BoS(Break of Structure) based on ma zigzag is a good idea I'm implementing, it will be published in next script. Additionally, I plan to publish 20 profitable strategies in 2023; this indicatior not one of them, let‘s witness it together! Hope this indicator will be useful for you :) enjoy! 🚀🚀🚀
Pine Script™ indicator
by liwei666
2
ZigCycleBarCount [MsF]Japanese below / 日本語説明は英文の後にあります。 Based on "ZigZag++" indicator by DevLucem. Thanks for the great indicator. ------------------------- This indicator that displays the candle count (bar count) at the peaks of Zigzag . It also displays the price of the peaks. You can easily count candles (bars) from peak to peak. Helpful for candles (bars) in cycle theory. This logic of the indicator is based from the mt4 zigzag indicator . Parameter: Depth = depth (price range) Backstep = Period Deviation ＝ Percentage of how much the price has wrapped around the previous line. Example: Depth = 12 Backstep = 3 Deviation = 5 In this case, the price range is updated by 12 pips or more (Depth), and after 3 or more candlesticks line up (Backstep), if the price deviates from the previous line by 5% or more (Deviation), a peak is added. ------------------------- Zigzagの頂点にローソクカウント（バーカウント）を表示するインジケータです。 頂点の価格も表示します。 頂点から頂点までのローソク（バー）を容易にカウントすることができます。 サイクル理論のローソク（バー）に役立ちます。 Zigzagロジック自体はMT4のzigzagインジケータを流用しています。 ＜パラメータ＞ Depth＝深さ（値幅） Backstep＝期間 Deviation＝価格がどれだけ直前のラインの折り返したかの割合 例： Depth＝12 Backstep＝3 Deviation＝5 この場合、値幅を12pips以上更新し（Depth）、ローソク足が3本以上並んだ後（Backstep）、価格が直前のラインの5％以上折り返せば（Deviation）、頂点を付けます。 ＜表示オプション＞ Label_Style = "TEXT"…テキスト表示、"BALLOON"…吹き出し表示
Pine Script™ indicator
by Trader_Morry
32
ABC_caluculator for Ichimoku Kinko Hyo(IKH) usersThis tool is using for calculating Target Value(N,V,E prices) by only clicking on a chart. There is several points which makes it better. Decrease the number of times of clicking. Calculator needs a reset button, it's like loop structure. Push the reset and function again. Plot percentages which it compare closing price and Target Value(N,V,E prices) on a chart. Plot loss cut points from evaluating risk/returns. My question is also written down precisely here !!!!! ↓ stackoverflow.com
Pine Script™ indicator
by Top_Amelia
1
Channel Based Zigzag [HeWhoMustNotBeNamed]🎲 Concept Zigzag is built based on the price and number of offset bars. But, in this experiment, we build zigzag based on different bands such as Bollinger Band, Keltner Channel and Donchian Channel. The process is simple: 🎯 Derive bands based on input parameters 🎯 High of a bar is considered as pivot high only if the high price is above or equal to upper band. 🎯 Similarly low of a bar is considered as pivot low only if low price is below or equal to lower band. 🎯 Adding the pivot high/low follows same logic as that of regular zigzag where pivot high is always followed by pivot low and vice versa. 🎯 If the new pivot added is of same direction as that of last pivot, then both pivots are compared with each other and only the extreme one is kept. (Highest in case of pivot high and lowest in case of pivot low) 🎯 If a bar has both pivot high and pivot low - pivot with same direction as previous pivot is added to the list first before adding the pivot with opposite direction. 🎲 Use Cases Can be used for pattern recognition algorithms instead of standard zigzag. This will help derive patterns which are relative to bands and channels. Example: John Bollinger explains how to manually scan double tap using Bollinger Bands in this video: www.youtube.com This modified zigzag base can be used to achieve the same using algorithmic means. 🎲 Settings Few simple configurations which will let you select the band properties. Notice that there is no zigzag length here. All the calculations depend on the bands. With bands display, indicator looks something like this Note that pivots do not always represent highest/lowest prices. They represent highest/lowest price relative to bands. As mentioned many times, application of zigzag is not for buying at lower price and selling at higher price. It is mainly used for pattern recognition either manually or via algorithms. Lets build new Harmonic, Chart patterns, Trend Lines using the new zigzag?
Pine Script™ indicator
by Trendoscope
18
HLC3_ZThis indicator uses a single price point for each session (HLC3 by default) to draw waves. This helps to filter out small or high frequency fluctuation in the price, and focus on the trend. There are also options to display cumulative volume for each wave, or to overlay the price source to draw the wave on the chart. I find using this indicator helps with finding the wave structures or the head or bottom structures such as head-and-shoulder.
Pine Script™ indicator
by TradePriceActionWithMe
Moving Average Based Zig ZagMoving Average Based Zig Zag differs from the traditional Zig Zag indicator in that pivot points are determined by a moving average, Volume Weighted Hull Moving Average, rather than looking for the highest or lowest point in a left / right period. Settings Source: the source for the pivot points. Moving Average Length: the length of the Volume Weighted Hull Moving Average, increase for longer zig zags, decrease for shorter zig zags. Usage Like all Zig Zag indicators, the Moving Average Based Zig Zag is not intended to be used as a live trading tool. This indicator is intended to be an alternative way of determining pivot points on your chart. Pivot points can be used for a multitude of different analytical techniques. One may use pivot points in order to draw potential support and resistance lines, trend lines or chart patterns. Additionally, pivot points can be used to determine variations of highs and lows important to market structure analysis such as break of structure or change of character. Details The moving average used is a Volume Weighted Hull Moving Average, this particular moving average was used due to it's relatively low-lag characteristics when compared to an Exponential Moving Average, additionally by considering volume in the moving average calculation, insignificant pivot points can be further filtered. Rather than using built-in functions `ta.pivothigh()` and `ta.pivotlow()` to determine pivot points, this indicator waits for the moving average to pivot then searches for the highest or lowest value from the bar index of the moving average pivot to the bar index of the previous found price pivot. This method of determining pivots provides a more dynamic approach to determining pivot points.
Pine Script™ indicator
by DeltaSeek
Wavetrend in Dynamic Zones with Kumo Implied VolatilityI was asked to do one of those, so here we go... As always free and open source as it should be. Do not pay for such indicators! A WaveTrend Indicator or also widely known as "Market Cipher" is an Indicator that is based on Moving Averages, therefore its an "lagging indicator". Lagging indicators are best used in combination with leading indicators. In this script the "leading indicator" component are Daily, Weekly or Monthly Pivots . These Pivots can be used as dynamic Support and Resistance , Stoploss, Take Profit etc. This indicator combination is best used in larger timeframes. For lower timeframes you might need to change settings to your liking. The general Wavetrend settings are the same that are used in Market Cipher, Market Liberator and such popular indicators. What are these circles? -These are the WaveTrend Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish. What are these white, orange and aqua triangles? -These are the WaveTrend Pivots. A Pivot counter was added. Every time a pivot is lower than the previous one, an orange triangle is printed, every time a pivot is higher than the previous one an aqua triangle is printed. That mimics a very common way Wavetrend is being used for trading when using those other paid Wavetrend indicators. What are these Orange and Aqua Zones? -These are Dynamic Zones based on the indicator itself, they offer more information than static zones. Of course static lines are also included and can be adjusted. What are the lines between the waves? -This is a Kumo Cloud Implied Volatility indicator. It is color coded and can be used to indicate if a major market move/bottom/top happened. What are those numbers on the right? -The first number is a Bollinger Band indicator that shows if said Bollinger Band is in a state of Oversold/Overbought, the second number is the actual Bollinger Band Width that indicates if the Bollinger Band squeezes, normally that happens right before the market makes an explosive move. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Pine Script™ indicator
by AdonisWerther
20
WaveTrend 3D█  OVERVIEW WaveTrend 3D (WT3D) is a novel implementation of the famous WaveTrend (WT) indicator and has been completely redesigned from the ground up to address some of the inherent shortcomings associated with the traditional WT algorithm. █  BACKGROUND The WaveTrend (WT) indicator has become a widely popular tool for traders in recent years. WT was first ported to PineScript in 2014 by the user @LazyBear, and since then, it has ascended to become one of the Top 5 most popular scripts on TradingView. The WT algorithm appears to have origins in a lesser-known proprietary algorithm called Trading Channel Index (TCI), created by AIQ Systems in 1986 as an integral part of their commercial software suite, TradingExpert Pro. The software’s reference manual states that “TCI identifies changes in price direction” and is “an adaptation of Donald R. Lambert’s Commodity Channel Index (CCI)”, which was introduced to the world six years earlier in 1980. Interestingly, a vestige of this early beginning can still be seen in the source code of LazyBear’s script, where the final EMA calculation is stored in an intermediate variable called “tci” in the code. █  IMPLEMENTATION DETAILS WaveTrend 3D is an alternative implementation of WaveTrend that directly addresses some of the known shortcomings of the indicator, including its unbounded extremes, susceptibility to whipsaw, and lack of insight into other timeframes. In the canonical WT approach, an exponential moving average (EMA) for a given lookback window is used to assess the variability between price and two other EMAs relative to a second lookback window. Since the difference between the average price and its associated EMA is essentially unbounded, an arbitrary scaling factor of 0.015 is typically applied as a crude form of rescaling but still fails to capture 20-30% of values between the range of -100 to 100. Additionally, the trigger signal for the final EMA (i.e., TCI) crossover-based oscillator is a four-bar simple moving average (SMA), which further contributes to the net lag accumulated by the consecutive EMA calculations in the previous steps. The core idea behind WT3D is to replace the EMA-based crossover system with modern Digital Signal Processing techniques. By assuming that price action adheres approximately to a Gaussian distribution, it is possible to sidestep the scaling nightmare associated with unbounded price differentials of the original WaveTrend method by focusing instead on the alteration of the underlying Probability Distribution Function (PDF) of the input series. Furthermore, using a signal processing filter such as a Butterworth Filter, we can eliminate the need for consecutive exponential moving averages along with the associated lag they bring. Ideally, it is convenient to have the resulting probability distribution oscillate between the values of -1 and 1, with the zero line serving as a median. With this objective in mind, it is possible to borrow a common technique from the field of Machine Learning that uses a sigmoid-like activation function to transform our data set of interest. One such function is the hyperbolic tangent function (tanh), which is often used as an activation function in the hidden layers of neural networks due to its unique property of ensuring the values stay between -1 and 1. By taking the first-order derivative of our input series and normalizing it using the quadratic mean, the tanh function performs a high-quality redistribution of the input signal into the desired range of -1 to 1. Finally, using a dual-pole filter such as the Butterworth Filter popularized by John Ehlers, excessive market noise can be filtered out, leaving behind a crisp moving average with minimal lag. Furthermore, WT3D expands upon the original functionality of WT by providing: First-class support for multi-timeframe (MTF) analysis Kernel-based regression for trend reversal confirmation Various options for signal smoothing and transformation A unique mode for visualizing an input series as a symmetrical, three-dimensional waveform useful for pattern identification and cycle-related analysis █  SETTINGS This is a summary of the settings used in the script listed in roughly the order in which they appear. By default, all default colors are from Google's TensorFlow framework and are considered to be colorblind safe. Source: The input series. Usually, it is the close or average price, but it can be any series. Use Mirror: Whether to display a mirror image of the source series; for visualizing the series as a 3D waveform similar to a soundwave. Use EMA: Whether to use an exponential moving average of the input series. EMA Length: The length of the exponential moving average. Use COG: Whether to use the center of gravity of the input series. COG Length: The length of the center of gravity. Speed to Emphasize: The target speed to emphasize. Width: The width of the emphasized line. Display Kernel Moving Average: Whether to display the kernel moving average of the signal. Like PCA, an unsupervised Machine Learning technique whereby neighboring vectors are projected onto the Principal Component. Display Kernel Signal: Whether to display the kernel estimator for the emphasized line. Like the Kernel MA, it can show underlying shifts in bias within a more significant trend by the colors reflected on the ribbon itself. Show Oscillator Lines: Whether to show the oscillator lines. Offset: The offset of the emphasized oscillator plots. Fast Length: The length scale factor for the fast oscillator. Fast Smoothing: The smoothing scale factor for the fast oscillator. Normal Length: The length scale factor for the normal oscillator. Normal Smoothing: The smoothing scale factor for the normal frequency. Slow Length: The length scale factor for the slow oscillator. Slow Smoothing: The smoothing scale factor for the slow frequency. Divergence Threshold: The number of bars for the divergence to be considered significant. Trigger Wave Percent Size: How big the current wave should be relative to the previous wave. Background Area Transparency Factor: Transparency factor for the background area. Foreground Area Transparency Factor: Transparency factor for the foreground area. Background Line Transparency Factor: Transparency factor for the background line. Foreground Line Transparency Factor: Transparency factor for the foreground line. Custom Transparency: Transparency of the custom colors. Total Gradient Steps: The maximum amount of steps supported for a gradient calculation is 256. Fast Bullish Color: The color of the fast bullish line. Normal Bullish Color: The color of the normal bullish line. Slow Bullish Color: The color of the slow bullish line. Fast Bearish Color: The color of the fast bearish line. Normal Bearish Color: The color of the normal bearish line. Slow Bearish Color: The color of the slow bearish line. Bullish Divergence Signals: The color of the bullish divergence signals. Bearish Divergence Signals: The color of the bearish divergence signals. █  ACKNOWLEDGEMENTS @LazyBear - For authoring the original WaveTrend port on TradingView @PineCoders - For the beautiful color gradient framework used in this indicator @veryfid - For the inspiration of using mirrored signals for cycle analysis and using multiple lookback windows as proxies for other timeframes
Editors' picks
Pine Script™ indicator
by jdehorty
86
SuperTrend Multi Time Frame Long and Short Trading Strategy Hello All This is non-repainting Supertrend Multi Time Frame script, I got so many request on Supertrend with Multi Time Frame. This is for all of them ..I am making it open for all so you can change its coding according to your need. How the Basic Indicator works SuperTrend is one of the most common ATR based trailing stop indicators. In this version you can change the ATR calculation method from the settings. Default method is RMA. The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier. The default values used while constructing a Supertrend indicator are 10 for average true range or trading period and three for its multiplier. The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility . The buy and sell signals are generated when the indicator starts plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price. It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red. A ‘Supertrend’ indicator can be used on spot, futures, options or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it fails in a sideways-moving market. How the Strategy works This is developed based on SuperTrend. Use two time frame for confirm all entry signals. Two time frame SuperTrend works as Trailing stop for both long and short positions. More securely execute orders, because it is wait until confine two time frames(example : daily and 30min) Each time frame developed as customisable for user to any timeframe. User can choose trading position side from Long, Short, and Both. Custom Stop Loss level, user can enter Stop Loss percentage based on timeframe using. Multiple Take Profit levels with customisable TP price percentage and position size. Back-testing with custom time frame. This strategy is develop for specially for automation purpose. The strategy includes: Entry for Long and Short. Take Profit. Stop Loss. Trailing Stop Loss. Position Size. Exit Signal. Risk Management Feature. Backtesting. Trading Alerts. Use the strategy with alerts This strategy is alert-ready. All you have to do is: Go on a pair you would like to trade Create an alert Select the strategy as a Trigger Wait for new orders to be sent to you This is develop for specially for automating trading on any exchange, if you need to get that automating service for this strategy or any Tradingview strategy or indicator please contact me I am have 8 year experience on that field. I hope you enjoy it! Thanks, Ranga
Pine Script™ strategy
by ranga_technologies
16
Inside Candle and mother candle range with alert++>>This script allows you the inside bar candle and the cnadle is shown in white. The range of the mother candle is identified and tracked until it breaks. Once the first range is over ridden then the next similar pattern will be occured and the tracking will be done for the mother candle latest occurrence. It also has the alert mechanism where you can go and the alert for the indicator in Alerts. 5 min is the most preferrable time frame and while saving the alert Note to save the time frame of the chart. For which ever time frame is saved the Alert will be triggered for the same . And when th inside bar is triggered it throws an alert condition. this alert condition has to be configured in your alerts and will be buzzing on the screen. Oct 20 Release Notes: updated with Mother candle top and bottom lines of previous occurrences and tracks the current latest Inside bar mother candle Release Notes: this script allows you the inside bar cnadle and the cnadle is shown in white. highlighter is configurable and line colors as well.
Pine Script™ indicator
by RaviPolavarapu
11
Davin's 10/200MA Pullback on SPY Strategy v2.0Strategy: Using 10 and 200 Simple moving averages, we capitalize on price pullbacks on a general uptrend to scalp 1 - 5% rebounds. 200 MA is used as a general indicator for bullish sentiment, 10 MA is used to identify pullbacks in the short term for buy entries. An optional bonus: market crash of 20% from 52 days high is regarded as a buy the dip signal. An optional bonus: can choose to exit on MA crossovers using 200 MA as reference MA (etc. Hard stop on 50 cross 200) Recommended Ticker: SPY 1D (I have so far tested on SPY and other big indexes only, other stocks appear to be too volatile to use the same short period SMA parameters effectively) + AAPL 4H How it works: Buy condition is when: - Price closes above 200 SMA - Price closes below 10 SMA - Price dumps at least 20% (additional bonus contrarian buy the dip option) Entry is on the next opening market day the day after the buy condition candle was fulfilled. Sell Condition is when: - Prices closes below 10 SMA - Hard stop at 15% drawdown from entry price (adjustable parameter) - Hard stop at medium term and long term MA crossovers (adjustable parameters) So far this strategy has been pretty effective for me, feel free to try it out and let me know in the comments how you found :) Feel free to suggest new strategy ideas for discussion and indicator building
Pine Script™ strategy
by Gold_D_Roger
4
Trend/Retracement - ZigZag - New wayZigZag for Trend and Retracements - New way It's another way to plot ZigZag based on lookback period for trend and % of trend lookback period to plot retracements. █ OVERVIEW Plot ZigZag, Trend lines, Retracements, Support levels, Resistance levels █ Objective: Draw ZigZag lines along with unbroken support and resistance levels. ZigZag lines are drawn for main trend and the retracements. Main Trend – This is calculated based on lookback period. Retracements – Retracements are calculated as 25% of main trend. Support and Resistance line: The indicator draws 2 types of support and resistance lines 1. Un-broken – Once formed (plotted), these are the support and resistance which are not yet broken 2. Tested – One can also choose to see support and resistance lines which are tested but not broken. Tested support/resistance are those levels which are touched by high/low price but close price has not crossed the level. █ How main trend point is calculated: E.g. Chart timeframe = 15m Lookback period = 250 Retracement = 25% of main trend ( 25% of 250 = 62 ) A price point on a chart is considered as trend point if distance between current price and previous highest price is 250 candles A price point is considered as a retracement if distance between current price and previous highest price is 62 candles. Please note retracements are calculated only after finding a main trend point. █ Input parameters: Zigzag Parameters Use predefined Lookback – If checked pre-defined timeframe-based lookback parameters are used. Trend lookback candles – If ‘Use predefined Lookback’ is unchecked then this value is used as lookback period. Retracement % of look back candles– If ‘Use predefined Lookback’ is unchecked then this value is used for calculating retracement lookback period Mark retracements – If unchecked only main trend lines are plotted Plot support/resistance – To plot support/resistance levels Show support/resistance tested lines – If checked tested support/resistance liens are shown on the chart █ TF based Lookback period config (Defaults are set as specified below, One can change these defaults to use different lookback periods) The defaults set here are used based on the chart timeframe. e.g. if chart timeframe is changed from say 15m to 60m then 60m chart defaults (i.e. trend lookback = 90) are used to plot the trend and the retracements. At the bottom-right of the chart, parameters used for plotting are displayed all the time. Timeframe in minute – Default = 5m Trend lookback candles – Default = 375 (~ 5 days of data) Timeframe in minute – Default = 15m Trend lookback candles – Default = 250 (~10 days of data) Timeframe in minute – Default = 60m Trend lookback candles = Default = 90 (~ 15 days of data) Trend lookback candles for timeframe 'D' – Default = 30 (~1 month data) Trend lookback candles for timeframe 'W' – Default = 21 (~6 months data) Trend lookback candles for timeframe 'M' – Default = 12 (~1year data) Retracement % of look back candles – Default = 25% █ When and where one can use this indicator (Refer to chart examples) To view support and resistance based on lookback period To view ZigZag lines One can use it to find chart patterns easily Trend and retracement lines can help in drawing Elliott waves. █ Chart examples: 1. Chart patterns can be easily identified - One can disable the candle charts which will help to identify and draw chart patterns easily 2. Trend and retracement lines can also help is analyzing charts (e.g. Elliott Waves can be marked based on trend lines) 3. Tested but not broken support and resistance lines can be viewed 4. You can select 'NOT' to plot tested support and resistance lines 5. Uncheck the Mark retracements to plot main trend lines (Retracements are not marked)
Pine Script™ indicator
by Sharad_Gaikwad
14
BTMM V2Similar to the first BTMM (R.Noodle) this version of the script is tailored towards key level traders. This includes intraday, daily, and higher TF traders. **REMOVED** background tckr info, candle color according to day, and market sessions **Replaced**key levels & market sessions **NEW**initial balance analytics first Friday and every Monday Market Sessions UK=1ST 3HRS US=1ST 3 HRS =ASIA/DAILY INITIAL BALANCE = 1ST SESS 1ST 1HR HIGH/LOW Since the Asian session starts the day we can also grab the initial balance for the day as well. (note that using the Asian session extend function you will not be given the Asian session end time. Extend function makes the session close run through the entire day) INITIAL BALANCE PANEL/BOX WEEKLY INITIAL BALANCE PIP LINES double zero (00) and 50 pip levels are strong levels the market respects. one can reduce risk by entering at major confluences and key levels examlpe below FIRST FRIDAY + EVERY MONDAY KEY LEVELS you can have today, yesterday, last week, last month, last qtr, and last year along with the mid point of all. below are key levels for day traders
Pine Script™ indicator
by MatrixEdge
1