Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index)
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR *...
A bit of context
Definition: Volatility is defined as the close of current candle - close of the previous N candle
This is an alternative version of my Best Volatility Calculator
The other version is displayed on a panel below. This one overlays on the chart using the "overlay=true" setting
This indicator shows the average volatility, of last N...
Calendar to work on instruments that trade a 24 hour day like crypto and forex, also does not display if you are above an intraday time. Main tweak was to end the trading day at 0000 (midnight) instead of 1700 (5pm) NYC time.
This update is geared towards Forex traders, which is why I chose to highlight Wednesday in yellow since that is commonly thought of as a...
Trendy Bar Trend Color
Inspired by trend candlestick charts on other trading platforms. Changes bar colors to stay in trend much like Heikin Ashi candles without the ATR price distortion. This is done by comparing the HL2 and/or Open-Close values of current candlestick to the prior candlestick.
RSI DIVERGENCE is a difference between a fast and a slow RSI. Default values are 5 for the fast one and 14 for the slow one.
You can use this indicator in 2 different ways:
normal RSI: check double or triple top/bottom on a chart meanwhile RSI is descending/ascending (check the example on chart)
signal line: when RSI Divergence cross zero line from bottom to...
Simple DMI with ADX Indicator.
- DMI+ line plot with circles, which helps to identify peaks/troughs in order to gauge price momentum
- DMI- line plot with circles, which helps to identify peaks/troughs in order to gauge price momentum
-ADX line plot with circles, with dynamic coloring, so that you can tell when a trend is increasing (green bars), or losing...
This is a simple RSI based signal indicator. It is intended for algorithmic trading by bots, currently working one up for bitforex.uk.to and okcoin.uk.to to use this.
For the best results leave it on 1-Hour time-frame. It also works best on bitcoin and stocks, not so much oil. GBP/USD and AUD/USD it fairs well too.
When RSI touches 70 it gives a...
Using Modified code from Lazybear's CVI 0.17% indicator and some logic, this script can help identify value buy and sell opportunities at a very early phase. Best used as a confirmation tool. This is a beta, so use it as such. Enjoy.
Sometimes "top" indications in an uptrend mean to look for an opportunity to add to position while "bottom" indications during a...
This is ATR in pips. This was requested by user @ElixiumCapital. ATRPIPs in his words:
"ATR PIPs is useful for finding markets with your desired amount of volatility, for example I prefer to trade forex pairs with the highest amount of volatility in the past 5 days, setting the length parameter to 5 days. And setting my stop loss at 25% to 33% of the the...
Accidentally, I’m sharing open-source profitable Forex strategy. Accidentally, because this was aimed to be purely educational material. A few days ago TradingView released a very powerful feature of dynamic values from PineScript now being allowed to be passed in Alerts. And thanks to TradingConnector, they could be instantly executed in MT4 or MT5 platform of...
A simple but effective Forex strategy requested by user @pipcollector.
Suggested chart timeframe is 5mins.
Indicator marks potential long/short entries based on the following conditions:
Price above pip median ema on daily, 4 hour and 1 hour timeframe. These 3 timeframes and median EMA lengths are configurable.
Background color is set to GREEN...
Script to identify candlesticks with less than 50% body of total high low candlestick. Places a dot inside the candle. Make sure indicator is moved in the top of Objects Tree so the dot will not be hidden behind the candlebar.
I was playing around with the TSI-MACD and surprisingly it works quite well as a mirror.
There are 2 ways this can be used
1. Enter long when Blue line crosses up the Red
2. Exit long when Green line crosses the blue
1. Enter long when Blue line crosses up the Red
2. Exit long when Blue line crosses back down below the Red
Hello fellow traders and automation lovers.
It has been about 2 years since we originally created Autoview to connect your exchanges/brokers with your TradingView alerts. We've since added multiple exchanges, parameters and have built a large community filled with awesome, passionate traders.
One of the first strategies we built was sadly not a viable one for...
**You must enable bar colors in the options for the script if you wish to see them**
This indicator is very useful for spotting trends / tops / bottoms.
This is the ultimate altcoin pump spotting tool. Use on higher timeframes for greatest accuracy. If altcoin is newish (ZEC for example), try 4h rather than 1D or 3D.
Green = Uptrend
Red = Downtrend
This panel spots divergences of some well knonw indicators. It may be usefull because you have all indicators in one panel only.
Also, you can check on chart which indicator gives better results of each pair on stock or index or crypto.
TO DO: to add custom indicators.
thanks to: RicardoSantos for his script of panel coding