In this script, we define the symbols we want to compare Bitcoin to, and the timeframe we want to use. We then calculate the correlation coefficient between Bitcoin and each symbol over a 20-bar period. Finally, we plot the correlation signals for each symbol and set threshold lines at 0, 1, and -1 to indicate positive, neutral, and negative correlations.
Indicator for constructing levels of price ratios from other tickers. The user can choose from predefined tickers such as Gold(XAU), DXY, BTC, etc. How it works: Takes the important extremum of the closing candle from your current chart and builds a level based on the chart selected in the settings. This function allows you to determine the price level...
The Strat indicator is a full toolkit regarding most of the concepts within "The Strat" methodology with features such as candle numbering, pivot machine gun (PMG) highlighting, custom combo highlighting, and various statistics included. Alerts are also included for the detection of specific candle numbers, custom combos, and PMGs. 🔶 SETTINGS Show Numbers...
This indicator transmits signals from another indicator panel to the main panel through the chart. It may be suitable when it is not possible to use the main indicator with the "overlay=true" attribute. For the script to work, the input signal must be "1" for BUY and "0" for SELL. Alternative words: transmit signals, send, connect, broadcast, copy signals,...
█ OVERVIEW The indicator analyses the volatility and reports statistics by the time of day. █ CONCEPTS Around the world and at various times, different market participants get involved in the markets. How does this affect the market? Knowing this gets you better prepared and improves your trading. Here are some ideas to explore: When is the...
This is a calculator I've created to help visualize Target and Risk Levels based on leverage use to trade crypto. How to use it ? Basic Use: - Set the Direction of your trade - either Long or Short - Set the Leverage you use in your trade - it is crutial to define the risk and target levels - Set the Risk Amount you want to risk (in %) of your total balance (...
🔶 METHODS • Pine Script™ introduces methods ( 1 , 2 )! Much kuddos for the developers, Tradingview, and all who has worked on it! • This educational script will show the simplified way of writing built-in methods, not to create a new method. 🔹 Simplified way of writing built-in methods: · Instead of: newArray =...
The Global Unemployment rate estimates what is the rate of unemployment of the whole world, taking same data from multiple countries and normalizing them. It includes the Eurozone + 19 countries from all the continents, which are some of the richest countries as well as some of the most populous. It sadly does not include India as its unemployment data on...
This Pine Script code is designed to perform the task of computing and showcasing the profit percentage, profit value, and the duration for which a specific asset is held, all in real-time. The script effectively leverages the built-in resources to provide a seamless and robust experience, as it presents the calculated figures in an easily readable format on the...
FVGs (Fair Value Gaps) are significant levels that may act as support or resistance to price. The script finds FVGs as per ICT trading system, then plots the full FVG to the right side of the chart. FVG boxes do not change size when they are semi-mitigated as its important to know where the original FVG midpoint lies. Plotting to the right side of price allows...
Example method of how to import, offset, and plot CSV data using an array. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by...
Normalize compares the price of an asset across different timeframes. I have used the daily, weekly, and monthly timeframes. The resulting plot shows the degree to which the instrument deviates from the timeframes. Users can choose their period if desired.
indicator shows liquidity levels at pivot highs and lows on the chart timeframe. Levels are drawn as a horizontal line up to the last active bar. Once a level has been passed through, the level is highlighted. The liquidity level will remain highlighted until a pre determined amount of bars have closed after the level was passed. These liquidity levels can be used...
The indicator plots levels which can act as magnets to price. The levels are gap areas which are used within the ICT (The Inner Circle Trader) trading system. The indicator plots 5 areas of interest: 1: Daily Volume Imbalances - Referencing the Daily chart, boxes are calculated from close to open between all candles. Candles which have only 'wicks' between the...
This script allows traders to visualize the range of time when a macro (an automated series of instructions/trades from large fund traders, executed by an algorithm) will likely occur in the market. It does this by drawing vertical lines and labels on the chart at these specific times: (Macro Open) - 9:50 AM EST (Macro Close) - 10:10 AM EST (Macro Open) - 10:50...
This is the Pressure Indicator. The Pressure Indicator analyzes a number of price ratios to measure the pressure of Buyers and Sellers. I’ve also added to the indicator: 1) Moving Averages (MA) – You can choose 3 types of MA: - Simple Moving Average (SMA) - Exponential Moving Average (EMA) - default - Volume Weighted Moving Average (VWMA) - Arnaud Legoux Moving...
Hello everyone, This indicator shows the correlation coefficients of altcoins with bitcoin in a table. What is the correlation coefficient? The correlation coefficient is a value that takes a value between 0 and 1 when a parity makes similar movements with the reference parity, and takes a value between 0 and -1 when it makes opposite movements. In order to...
█ OVERVIEW TASC's February 2023 edition of Traders' Tips includes an article titled "Every Little Bit Helps: Averaging The Open And Close To Reduce Noise" by John Ehlers. This code implements the numerical example from this article. █ CONCEPTS Using theories from digital signal processing as a starting point, John Ehlers argues that using the average of...