I think all of you knows Donchian Channels . so I am not going to write about it.
With this indicator I tried to create Trend Lines by using Donchian Channel upper/lower bands. I tried add possible entry levels as well.
How it works ?
- it calculates main trend direction by using the length that is user-defined. so you can change it as you...
Relative Volume is one of the most important indicators and Traders should check it while trading/analyzing. it is used to identify whether the volume flows are increasing or decreasing. Relative volume measures current volume in relation to the “usual” volume for this time of the day. What is considered “usual"? For that, we have to use a...
Usually I need Price Change info and I believe most of you need this info too. I want to see how it increased/decreased. I automate this by using Pivot Points.
it works dynamically and it uses Pivot Highs and Pivot Lows accordingly. That means it calculates which one to use.
Please watch following video:
This script can show (upto) 3 candles of another time frames without changing chart time frame realtime . You can choose the time frame and number of candles in the options. You have option to change body and wick colors as well.
in this example number of candles is 2:
You can set body and wick colors:
In this example, weekly candles are...
Here Double Zig Zag with HHLL script is with you. it calculates 2 Zig Zag simultaneously and draws them, and also it calculates and puts Higher High, Lower Low, Higher Low, Lower High labels. All these are done dynamically, it means last HH/HL/LL/LH can change. if price continues to go up then HL can turn to LL or if price continues to go down...
First all of Thanks to Pine Team for adding Arrays to Pine!
In this script I tried to make example for
1. Finding S/R lines using highest/lowest function
2. Using 1D array as 2D (we keep S/R levels and age)
3. "Age" usage for S/R levels, getting older on each candle and changing colors by their age (maximum age is 127 then it disappears)
You can use...
This is backtesting result of following indicator/strategy. I didn't work on adding other indicators. maybe in the future I can try to combine this with other indicators.
You can visit following link to see "Pivot Point SuperTrend" . by using this backtesting tool, you can test&find better options
There is option "Use Center Line to Close Entry...
Monte Carlo Simulation is a model used to predict the probability of different outcomes when the intervention of random variables is present. it is used by professionals in such widely disparate fields as finance, project management etc. You can find many articles about Monte Carlo Simulation on the net.
In this script I tried to make Monte Carlo...
This is non-repaiting Supertrend Multi Time Frame script, uses Heikin Ashi Candles as source on normal chart
There is an option for Higher Time Frame. if you choose "Auto" then Higher Time Frame calculation is made by the script. If you choose "User Defined" option and then you can select Time Frame.
You better use this script with other indicators such as RSI,...
While analysing a chart, one of the biggest problem is to see if there is trend or not. While thinking about it, I found the idea to analyse moving averages in channel and their momentum according to channel width.
How it Works?
On each bar it creates a channel by highest/lowest point of a MA. highest point is upper line and lowest point is lower line of the...
As most of you know that Moving Averages with the lengths 50, 100, 150 and 200 are very important. We should use these this moving averages to figure out S/R levels, the possible reversals points, trend direction etc. we should check these moving averages on Higher Time Frames as well. for example if you look at the chart with 5mins time frame,...
The Expanded Floor Pivots is introduced in the book "Secrets of a Pivot Boss: Revealing Proven Methods for Profiting in the Market " by Franklin Ochoa. He added four new levels: S4, R4, BC and TC. There are many great ideas in the book, such using these levels, following trend, time price opportunity and much more. (Thanks to @tonyjab for...
We are now able to get info from lower time frames, Many Thanks to Pine Team .This script gets volume info from lower time frames and give alert if there is extreme volumes on last X lower time frame candles (if last X volumes are higher than volume moving average). so that if you set alerts on different securities then you will be able get...
This script shows comparisons between major currencies for the specified time frame. it checks the change since the last bar and set the background and text color.
You can change time frame and background & text colors. you can also change the location of the table as you wish.
in the following example, the script was added to the chart two times,...
For 4 simple moving averages, the script tests every single combination for maximum profitability and finds the best pair.
sma1 and sma2,
sma1 and sma3,
sma1 and sma4,
sma2 and sma3,
sma2 and sma4,
sma3 and sma4
And then paint the pair which get best performance. sma lengths are optional, so you can change lengths as you wish.
There is already SuperTrend indicator and thanks to its developer.
This script draws supertrend for current and higher time frame, it automatically calculates higher time frame and you don't need to adjust it when you change the period.
it also change the color of bars according to current and HTF supertrend, so you can see the trend by looking at bars...
Hello All. This is live and non-repainting Renko Charting tool. The tool has it’s own engine and not using integrated function of Trading View.
Renko charts ignore time and focus solely on price changes that meet a minimum requirement. Time is not a factor on Renko chart but as you can see with this script Renko chart created on time chart.
Renko chart provide...
This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend.
As seen below, each zigzag wave is a candle on Zigzag...