Same high/low updateHere I made a strategy out of my indicator. So, the trigger is double low/high on 1 week candle chart.
Entrance: close of the next candle if it's low/high higher/lower than previous one. (in most cases it's precise for backtesting)
Stop loss: long:low-one tick, short:high+one tick
Take profit: ATR*Multiplier (you can tune it in properties)
Unterstützung und Widerstand
SVDThis indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly.
The main features of this indicator is to show vitality and range of any given chart.
Volatility: it calculates the average profit of every swing in the range and the final result will be the chart volatility, which indicate how profitable this chart is.
Range: it calculates the profit of the whole range compared to the total price. (E.g. range bottom is 0.1 and range top is 0.2 the range will be 100%)
Extra: indicator shows the total direction of the chart in term of (STRONG UPTREND, UPTREND, SIDEWAYS, DOWNTREND, STRONG DOWNTREND), if you got (Somthing_wrong) please contact me.
How to use: apply the indicator on different charts that you have chosen and the higher (volatility & range) the more profitable the chart is.
inputs:
Lookback length: how long the range is (how many candles are included).
How intense should the Swing be: how many candles should be counted as a confirmation complete swing.
Show counted Swings: if checked as true, will show the swings counted in the volatility calculation.
For any notes on the indicator to be edited, or for another indicator ideas please comment.
Swing Pivots High LowBINANCE:BTCUSDT
This indicator is an opensource merge of the built in 'Pivot Points High Low' and the most popular 'Swing-high-low-support-resistance' indicators. The original 'Pivot Points High Low' does not have extensions with better visibility, while the most popular 'Swing-high-low-support-resistance' has no source available. I've also added additional configurable alert conditions for Pivot High and Low Crossover/Crossunder.
Please read the official documentation for further information about the indicator.
Donchian Channel Strategy IdeaThis strategy idea is a variation of the "Donchian Channel" trading strategy. It is built with a highest-high band, a lowest-low band, and a baseline which is average the highest-high and the lowest-low bands. This strategy is very useful in trending instruments on 1W and 1D timeframes. This is the implementation used in the QuantCT app.
You can set the operation mode to be Long/Short or long-only.
You also can set a fixed stop-loss or ignore it so that the strategy acts solely based on entry and exit signals.
Trade Idea
When the close price breaks up the previous highest-high, it is a long signal, the market is considered rising (bullish), and the plotted indicator becomes green. Long positions are held until the close price crosses under the baseline.
When the close price breaks down the previous lowest-low, it is a short signal, the market is considered falling (bearish), and the plotted indicator becomes red. Short positions are held until the close price crosses above the baseline.
Otherwise, if we have no position in the market, the market is considered ranging, and the plotted indicator becomes orange.
Entry/Exit rules
Enter LONG if the close price breaks up the previous highest-high (i.e. when the plotted indicator becomes green).
Exit LONG if the close price crosses under the baseline (i.e. when the plotted indicator becomes orange).
Enter SHORT if the close price breaks down the previous lowest-low (i.e. when the plotted indicator becomes red).
Exit SHORT if the close price crosses above the baseline (i.e. when the plotted indicator becomes orange).
CAUTION
It's just a bare trading idea - a profitable one. However, you can enhance this idea and turn it into a full trading strategy with enhanced risk/money management and optimizing it, and you ABSOLUTELY should do this!
DON'T insist on using Long/Short mode on all instruments! This strategy performs much better in Long-Only mode on many (NOT All) trending instruments (Like BTC, ETH, etc.).
K's EnvelopesTrading is all about finding reactionary levels from where we assume prices will take a certain direction. And from that assumption, we initiate either a long (Buy) position or a short (Sell) position. Many techniques can be used to find support and resistance levels such as pivot points, Fibonacci retracements, and graphical levels. However, these techniques are all static in time, i.e. they do not move with real time data. In contrast, moving averages are dynamic and do a great job at finding support and resistance levels.
The idea of K's Envelopes is to form support and resistance zones so that we find good entry points. It is a combination of two 800-period moving averages where one is applied to the highs and the other applied to the lows, thus forming a moving zone used to support or place a ceiling on the market price.
Key Levels (Time Frames - Weekly,Monthly,Quarterly,Yearly)This indicator plots the 4h, Daily, Weekly, Monthly, Quarterly, Yearly Open High, Low and Mids.
You can watch how these institutional trading levels work as support and resistance.
Most Important you can add alerts to these levels with a few clicks.
Just add/remove unnecessary levels for scaling problems.
For any error/suggestion/improvement just let me know.
Jigga - Survival LevelHi All !!
Its always the case that we buy a stock and it starts falling !! What a new investor will do is to add few more on downfall and then few more until they stuck all their case to same falling stock.
I thought to create a level which can help long term investor on when to buy and sell.
Logic:
I have used multiple indicators logic all into one and find out when majority of them are showing positive sign.
Green /Red line will be shown when majority are in positive / negative territory.
Buy and sell signal will be generated based on this line only.
Note:
Use this on Weekly chart on good fundamental stock for long term investment.
CRC.i Bollinger Bands ®This script is yet another variant of the famous Bollinger Bands® TA tool used to track price volatility as it deviates from the mean of a security using standard deviations (positive &negative). Built for my own personal preferences. But perhaps you might like it, too.
Includes
+ Chart Lines: price, upper and lower bands
+ User Options: SMA length, stdev value
+ Heads up Display (HUD) with TARGET's and other related stats
Bugs? Comments? Requests? Ping me @calmrat
Trends & Pivots [SignalCave]Trends & Pivots Indicator helps you to identify primary and secondary trends and potential support/resistance zones.
Trend detection have three modes which are “Aggressive, Moderate and Conservative” . You can customize the mode on settings screen.
Alerts are available for various conditions such as "Uptrend Shift, Downtrend Shift, Primary Uptrend Begin, Primary Downtrend Begin, Secondary Uptrend Begin, Secondary Downtrend Begin"
Type asset name on symbol search area.
Adjust your timeframe that you wish to track.
Click "Create Alert"
Select one of the condition that you wish to get inform from create alert panel.
Select "Once Per Bar Close" option.
Click "Create" .
Multi-Purpose All in One [SignalCave]Multi-Purpose All in One Indicator Functions
1) Technical Analysis, Technical Ratings
2) Pivots, Primary & Secondary Trends
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
4) Momentum Strength
1) Technical Analysis, Technical Ratings
Technical analysis display real-time ratings. It based on the most popular technical indicators such as RSI, Stochastic, CCI, ADX, AO, Momentum, MACD, Stochastic RSI, Williams %, Ichimoku Cloud, SMA, EMA, VWMA and HMA.
Technical analysis is a built-in function on TradingView. You can access any asset’s technical analysis page and see it’s performance in real time.
"Multi-Purpose All in One" indicator brings this function into your TradingView charting screen. Indicator allows you to see the same output without visiting any external web page in TradingView. Indicator also works on every timeframe and asset class.
Technical Ratings is a technical analysis tool that combines the ratings of several technical indicators to make it easier for traders and investors to find profitable trades.
Technical Ratings can be a valuable technical analysis tool for many analysts or traders. Many traders use a selection of complementary indicators to make better decisions. Technical Ratings simplifies this task by combining the most popular indicators and their signals.
2) Pivots, Primary & Secondary Trends
Helps you to identify primary and secondary trends and potential support/resistance zones.
Trend detection have three modes which are “Aggressive, Moderate and Conservative” . You can customize the mode on settings screen.
3) Swings, Engulfs, Golden & Death Crosses, Price Squeezes, Pullbacks, Breakout & Breakdowns, Volume Rushes
A swing low is when price makes a low and is immediately followed by consecutive higher lows. Likewise, a swing high is when price makes a high and is followed by consecutive lower highs.
Swing Failure Pattern (SFP) is a type of reversal pattern that can be used as buy or sell signals.
Engulfing candles tend to signal a reversal of the current trend in the market. This specific pattern involves two candles with the latter candle 'engulfing' the entire body of the candle before it.
On this indicator, bullish engulfs visible only on downtrend and oversold conditions. Bearish engulfs visible only on uptrend and overbought conditions.
The death cross and golden cross are technical analysis terms for when a moving average (MA) intersects with another from either above or below.
The cross, depending on which it is, can signal the start of a new trend or the end of one.
Squeeze signs signifies low volatility, market preparing itself for an explosive move up or down direction.
Bullish Pullbacks are widely seen as buying opportunities after an asset has experienced a large upward price movement. Most pullbacks involve an asset's price moving to an area of technical support , such as a moving average, before resuming their uptrend.
Bearish Pullbacks are widely seen as selling opportunities after an asset has experienced a large downward price movement. Most pullbacks involve an asset's price moving to an area of technical resistance , such as a moving average, before resuming their downtrend.
A breakout refers to when the price of an asset moves above a resistance area, breakdown refers to when the price of an asset moves below a support area.
Breakouts/breakdowns indicate the potential for the price to start trending in the breakout direction.
For example, a breakout to the upside from a chart pattern could indicate the price will start trending higher.
Volume rush signs appears when the trading volume increases more then a usual period. It can be useful with combining breakout signals as a confirmation.
4) Momentum Strength
Momentum Indicator helps you to identify potential reversal areas .
Calculation done with using Relative Strength Index (RSI), Money Flow Index (MFI) and Average Directional Movement Index (ADX) indicators.
On full strength bearish movement bars paints as light red , full strength bullish movement bars paints as light green color.
They indicates that trend can be change to opposite direction in a short period of time.
Momentum Strength have three modes which are "Aggressive, Moderate and Conservative" . You can customize the mode on settings screen.
Demand & Supply Zones [eyes20xx]Demand & Supply Zones
This indicator helps to identify large moves driven by institutions.
What qualifies as a zone?
If the price moves (open to close) by more than a certain % in one candle or in a bullish / bearish run of candles, the zone is marked as a Demand or Supply zone .
0.8% is good for Crypto and Forex might be better with 0.4%. Play around with the % to match your requirements.
Active zones
A zone remains active until it is hit by the price. When it becomes inactive, the zone background becomes transparent.
Zone lines
Lines are displayed if the zone is active and within a certain % of the close. 3% is a good setting for Crypto.
A maximum of two lines are displayed for each zone type.
SmartProfit - Trend Indicator (Main Version) - RUSmartProfit - Trend Indicator (Main Version) detects trend direction and gives trading signals for Short and Long positions.
You can use "SmartProdit - Trend Indicator" for any timeframe, from daily, 4h, to fewer ones, even minute timeframe.
We recommend using those timeframes:
4h. and 3h. - for swing trading
15min. и 30min. - for scalping
"SmartProfit - Trend Indicator" features:
1. Sell and Buy signals ( For setup, we have three parameters: HB, sensitivity, and stop )
2. TakeProfit values for Long and Short signals ( Prices for profit fixing )
3. Profit table ( Show profit of current indicator settings for chosen time range )
4. Current position table ( Show data for the current position in real-time. At this table you have all that you need to enter the position )
5. Trend lines ( Draw Global and local trend lines. )
6. Fibonacci levels ( Automatically draw global and local Fibonacci levels )
7. Fibonacci channel ( Automatically draw global and local Fibonacci channels )
8. Auto setting - sorts out more than 6000 variants of settings at one loop and gives the best one.
For best results, you should set up an indicator for each trading pair. For setup, we have three parameters: HB, sensitivity, and stop. We have an additional feature for auto setting, which sorts out more than 6000 variants of settings at one loop and give the best one.
For work with indicators we made 3 strategies:
First - we enter the position after the signal is approved. Close and reenter to position with approved signal for another side.
Second and third - the same, we enter the position after the signal is approved, but we use TakeProfit and StopLoss values to fix the position.
"SmartProdit - Trend Indicator" определяет направления тренда и дает торговые сигналы для входа в Короткую или Длинную позицию.
Индикатор позволяет торговать на любых Таймфреймах , как на дневных, так и на более мелких временных интервалах, вплоть до минутных.
Мы рекомендуем использовать Таймфреймы:
4ч. или 3ч. - для Свинг-торговли
15мин. и 30мин. - для Скальпинга
Подробнее о функционале индикатора SmartProfit:
1. Сигналы Покупки или Продажи ( Для настройки используется уникальные параметры HB и Чувствительность )
2. Значения TakeProfit для Long и Short сигналов ( Зоны фиксации прибыли )
3. Таблица прибыльности ( Отображает прибыльность текущей настройки на выбранном интервале времени )
4. Таблица Текущей позиции ( Показывает текущую позицию в режиме реального времени - в ней есть всё, что нужно для входа в позицию )
5. Трендовые линии ( Рисует как Глобальные, так и локальные трендовые линии, в зависимости от настроек )
6. Уровни Фибоначчи ( Автоматически строит уровни Фибоначчи, как Глобальные так и Локальные )
7. Каналы по Фибоначчи ( Автоматически строит каналы по Фибоначчи, как Глобальные так и Локальные )
8. Автоподсчет всех настроек индикатора - автоматически делает подбор более 6000 вариаций настроек за раз и выдаёт лучшие под каждый актив. Вам не надо тратить недели и месяцы чтобы вручную подбирать настройки, наш инструмент подберет лучшие настройки для Вас.
Для более лучших результатов, для каждого актива индикатор настраивается отдельно !
Для настройки индикатора используются три Уникальных параметра:
HB, Чувствительность, Стоп.
Для работы с индикатором разработаны три стратегии:
Первая - мы входим в позицию при закреплении сигнала и переворачиваемся (то есть выходим из позиции и заходим в противоположную сторону) по обратному сигналу.
По 2-ой и 3-ей стратегии мы также входим после закрепления сигнала, но для фиксации прибыли используем зоны TakeProfit, указанные индикатором.
Подробнее о всех возможностях стратегий, а также настройке и работе с индикатором, вы узнаете из нашей инструкции, которую выдаем персонально.
Speed DiamondSpeed Diamond allows the user to easily view their chosen price target in relation to the current price of the chart.
It displays a Diamond at the bar where the (theoretical) trade would have been entered and a line at the entry price.
Displayed on the line is the amount of bars it has taken to arrive at your price target (current price).
Price targets can be set in Percentage, Ticks, and Price.
This indicator was not developed to be predictive and is simply intended for reference.
A potential use case could be discovering potential support and resistance zones.
[Herif's] Harmonic PatternsFollowing things are displayed by default on the chart with harmonic patterns strategy. It can be use with automate trading platforms 3commas, zignally, frostybot, alertatron, wunderbit etc...
Bullish and bearish 5-point patterns are based on various Fibonacci retracement levels and signify potential reversal zones (PRZ).
As they become 80% complete, the dashed-line pattern will appear, displaying the PRZ and giving you time to prepare for a reversal.
Different combinations of specific fib retracements and extensions result in different patterns, and each is named for identification.
Bullish patterns signify a potential turn to the upside are colored green.
Bearish patterns signify a potential turn to the downside are colored red.
1- Live harmonic patterns which are still in trade with XABCD and ratio with labels.
2- Position Entry, Stop and Target levels on chart for all patterns.
3- Trades Stat table - Waves stat tables
in Settings:
Error Percent - This is error tollerance for matching pattern ratios. Cannot expect price ratios to be exactly as per books. Hence, adding few error tolerance will help identify patterns better.
When there are multiple patterns on chart, Entry, Stop, and Target labels and lines are created with specific distance from each other to provide clarity to the users.
Trailing and Targets
1-Trailing Start Stage - Defines when to start trailing stop-loss. It is recommended to set this value to either Target 1 or Target 2. Disabling the trailing or setting too far away may lead to being in trade on ranging market for too long. This may also result in drawing errors related to distance from current bar.
2- Custom Target Levels - Target and stop levels are set to optimal values based on individual patterns. If you want to override these levels, use the available input option to override targets and chose your custom Target1, Target2, Target3 and Target4
All Patterns you can enable or disable
Classic Patterns : Gartley, Bat, Butterfly, Crab, Deep Crab, Cypher, Shark, Nenstar
Anti Patterns: Anti Nenstar, Anti Shark, Anti Cypher, Anti Crab, Anti Butterfly, Anti Bat, Anti Gartley, Navarro 200
I will plan some updates and i will post some screen shots for settings as soon as possible.
Smamaema1 SMA, 3 EMA, 1 MA. The SMA in white is an amazing support/resistence level on 4h charts with a long history, the three EMA are good indicators of buy/sell zones and and the MA is the same as EMA but with lag.
Vwap based Supply and Demand Heatmap_V1This is a Multi-time frame "Thermographic Vwap based heatmap" showing Highest volume Vwap supply and demand zones.
User has 3 inputs for time frames to choose from or layer. It comes preset with "Short" and "Mid" time frame enabled and user can choose to add an additional layer if they would like for longer time frame analysis. If ALL time frames are enabled, fewer levels will show overall due to the 500 map limit, But zones will become brighter, larger, and more "precise" as they overlap and seek out the highest volume concentration amongst all levels.
What is the map showing you?
The heat map goes through each user selected time frame and searches for the highest volume candle and plots a zone based of that candles Vwap and high. These zones act as dynamic support and resistance. Each zone will "Degrade" and disappear over time and show positive when price has broken, cleared and held above it. The shift in color however is not immediate in change, rather transitional, so as not to "Repaint" causing false sense of clearing a zone. All negative zones (Price below) are colored red. User can choose to change any of the maps color's if they would like.
Time frame MUST be larger than your current charts resolution.-
Example- If on a 3min chart, user would choose any time frame LARGER than 3 min to display a map from.
Time frames the zones work best on are 1,3,5,15 min, paired with maps such as "Daily, Weekly, 240min(4hr), 60min" etc for intraday scalping or trend style trading. If on a larger time frame, 60mi, 4hr, Daily, user would choose larger maps like Daily, Weekly, monthly only. User can choose to display all, or just one time frame's zone at a time if they would like. If on a smaller intraday chart, You can start with "Daily" map first, increase opacity if the map is to dark. Then add additional time frames up or down in time if you'd like so long as maps time frame is larger than the charts.
If on a 1, 3, or 5min chart, you can also try the 30,60, or 240min maps for finer granularity and "Scalping" support and resistance.
If you choose a set of time frames, and do not see maps interacting with current price, then cycle out to a higher chart time frame and maps that are one or two time frames higher than current chart resolution.
These maps are showing you where supply and demand are situated since they are looking for the "Highest Volume" candles in each time frame you choose-
The range cast from the highest volume launch candle have proven to be strong support or resistance. Think of "Trapped trader's" if viewing over head supply level's, these traders will sell into a push higher until cleared. Vice versa, if viewing a demand level below, think of a "Base", especially on higher time frames. An area of high volume participation, where buyer's have shown support, and launched a run from. When price cycles back to these zone's, one would expect support from them.
Each zone has a high or low, you will often see price discovery "Test" the high and low of each zone. Probing as they say in Auction market theory to see if there are still buyers, or seller's present. I will often wait for the probe of the high or low of a zone, then look to participate once they have wicked the area and cleared the inventory there and start to move to the opposing side of the zone I am looking to participate in. Think of "Value low, and Value high" in market or volume profile. Market maker's aim to test the participants "Max pain", and absorb stops in each direction. With that said the maps are not meant to be "Lines in the sand" or concrete level's, they are simply hot or cold zones where you could expect participation to happen, the "Hotter" or "Brighter" a zone is the higher the volume concentration is there at that price area. So act accordingly and use this as an addition to your analysis, not the ONLY thing you take into consideration.
With that said, Trading is RISKY, The creator of this code is NOT a licensed professional, and this tool, nor description is meant to be trading or financial advice! The user whom downloads this tool assumes ALL responsibility and liability associated with the financial risk that comes with the use of this analysis tool and trading in general. The creator of the code advises all users to do their due diligence and contact a licensed broker dealer before making ANY financial decision's based off of analysis done with this tool.
Any question's, Comments or concerns feel free to message via Tradingview platform.
Enjoy-
JMF
Om Boy CandlesUsed by me to play binary option.
A little project to help my nephew decide which candle to refer to make SNR lines
Boom Hunter XLBoom Hunter XL is a professional trading tool designed to expose perfect entries and incredible exits. This complete ground up rebuild of Boom Hunter Pro is an absolute essential for any professional trader or anyone serious about trading. Boom Hunter XL includes many upgrades to the Pro version such as volume pressure analysis, improved pressure dots, two new support and resistance lines and volume breakout detection. It also has options to display current volume and average volume it the top right corner.
A new and improved Volume Pressure Analysis exclusive to Boom Hunter XL can be turned on or off in the settings. This provides relative volume information highlighting anomalies and key movements. It also shows volume pressure. Sometimes when crossing a support or resistance line it takes a lot of volume to move price just a little. When price action crosses or bounces off a SR line it requires very little volume to move the price a lot. What this means is traders can visually see price action getting pulled in or pushed away from a SR line. The current bar shows live directional pressure. Volume pressure is used to confirm entries and continuations.
Red wave is the main support resistance line dictating short term trend direction. Enter trades after the oscillator crosses through or even better with pressure dots or volume pressure. If the oscillator is above the red wave it is an up trend and if it is below its a down trend.
The gray wave shows medium term support/resistance and general trend. This line is much harder to cross. Price action can easily bounce within this wave or get rejected.
The strongest SR lines are the top and bottom gray lines. The resistance line will bottom out under pressure and expose a low point. Likewise the support line will roof and expose a high point.
When there is extreme pressure the gray line will drag. This signal suggests that price action will will pullback and retest and push again. Avoid entering trades in these moments as the true bottom/top has not been exposed. Following price action along longer timeframe charts will help find the true low/high.
Tracking traditional patterns makes it easy to find the next breakout and direction.
Bear patterns
Bull patterns
Volume breakouts
Drawing support and resistance lines
Example of some of the signals:
Percentage Levels by TimeframePlots the positive and negative percentage levels from a selection of timeframes and sources for any ticker. You can use this within a pullback trading system. For example, if you historically look at the average pullback of large cap stocks and ETF's, you can use this indicator to plot the levels it could pullback to for an entry to go long. It can be used as potential targets when trading a ticker short. Another use for this is to backtest the set percentage targets using TradingView's bar replay feature to see how ETF's and large cap stocks have reacted at these levels. Note: This is intended to be used at timeframes equal to higher than the chart's as it may cause re-painting issues.
Currently percentage levels are statically set to 1, 3, 5, 10, 15, 20, 25, and 30% levels above and below the chosen source (open, high, low, close). You can also display the data based on timeframes from Daily (1D) all the way up to Yearly (12M)
*Not financial advice but in my opinion the current percentage levels set (see above) are best used for ETF's and Large Cap Stocks.
Jan 2
Release Notes: Added the ability to select the historical bars to look back when plotting levels
Jan 2
Release Notes: To get a better display or proper resolution on your charts, change the view settings to "Scale Price Chart Only"
Jan 2
Release Notes: To add % labels for this indicator on the price axis, change your chart settings to include "Indicator Name Label" & "Indicator Last Value". You can find this under the Label section after hitting the gear icon in the bottom right of your chart.
Jan 2
Release Notes: Added: Custom Line Plot Extension Settings. Ideally both values should be equal to display optimal extended lines. To return to a base setting: '1' = Historical Lookback & '0' = Offset Lines. Also note this is dependent on the timeframe you are viewing on the chart.
Jan 2
Release Notes: Removed indicator from example chart that was not needed.
Jan 2
Release Notes: Updated some comments in the Pine Script
Jan 2
Release Notes: Update: Added commentary and instructions in the indicator settings to address recommended line plot settings for Stocks/ETF's vs Futures
Jan 2
Release Notes: Changed title from "Calculation Method" to "Calculation Source"
Jan 4 2021
Normal use of security() dictates that it only be used at timeframes equal to or higher than the chart's as it may cause re-painting
Support and ResistanceThis is a multi-timeframe indicator that lets you draw support and resistance lines based on the timeframe you choose. This means you can place daily support and resistance levels on lower timeframes such as the 1 minute timeframe. The cool thing about this indicator is that it uses the atr value, which is different from traditional support and resistance indicators that look at pivot points or zig zags to figure out where support and resistance lines should be placed. This one looks at pivot points to figure out where the atr should be first, then places lines in the upward and downward direction based on the atr value.
This means that you are able to see all future levels of support and resistance even if the price has never been at that level
Features:
1. MTF (Multi-timeframe) plotting. Allows you to plot resistance and support lines based on the daily timeframe you select. This means you can see major daily support and resistance levels on minor timeframes such as the 1 minute. These levels tend to act as stronger support and resistance levels compared to micro timeframe levels
2. Tells you future price levels. Since this indicator uses ATR indicator it shows you all future support and resistance levels where a ticker has never been
Inputs:
1. Timeframe: Select the timeframe you wish the indicator to be used on. My personal preference is the daily timeframe
2. Pivot Period: Changes the lines based on the pivot period you choose, I personally like the 5 pivot period
3. Lookback Period: How many bars should be taken into account, to determine ATR value and other calculations. Personally like the 150 bar lookback period, but if your trading extremely volatile tickers I suggest changing it to 50.
4. Line Closeness: This determines how far apart the lines are from each other. If it it set to 1 it means it will place each line 1 ATR value apart from each other. Lower the number closer the lines are to each other and vice versa
5. Number of lines plotted: This will change how many lines are plotted onto your chart. Default is 150, but if you want a lower amount 50 works as well
6. Show label: This just adds the number at which each line appears at
Errors:
1. Sometimes the lines won't show up, this is because there is not enough history for the indicator to take in. The standard amount of bars needed is 150, you can change it to 50 which sometimes works better for more violatile tickers.
Universal logarithmic growth curves, with support and resistanceLogarithmic regression is used to model data where growth or decay accelerates rapidly at first and then slows over time. This model is for the long term series data (such as 10 years time span).
The user can consider entering the market when the price below 25% or 5% confidence and consider take profit when the price goes above 75% or 95% confidence line.
This script is:
- Designed to be usable in all tickers. (not only for bitcoin now!)
- Logarithmic regression and shows support-resistance level
- Shape of lines are all linear adjustable
- Height difference of levels and zones are customizable
- Support and resistance levels are highlighted
Input panel:
- Steps of drawing: Won't change it unless there are display problems.
- Resistance, support, other level color: self-explanatory.
- Stdev multipliers: A constant variable to adjust regression boundaries.
- Fib level N: Base on the relative position of top line and base line. If you don't want all fib levels, you might set all fib levels = 0.5.
- Linear lift up: vertically lift up the whole set of lines. By linear multiplication.
- Curvature constant: It is the base value of the exponential transform before converting it back to the chart and plotting it. A bigger base value will make a more upward curvy line.
FAQ:
Q: How to use it?
A: Click "Fx" in your chart then search this script to get it into your chart. Then right click the price axis, then select "Logarithmic" scale to show the curves probably.
Q: Why release this script?
A: - This script is intended to to fix the current issues of bitcoins growth curve script, and to provide a better version of the logarithmic curve, which is not only for bitcoin , but for all kinds of tickers.
- In the public library there is a hardcoded logarithmic growth curve by @quantadelic . But unfortunately that curve was hardcoded by his manual inputs, which makes the curve stop updating its value since 2019 the date he publish that code. Many users of that script love using it but they realize it was stop updating, many users out there based on @quantadelic version of "bitcoin logarithmic growth curves" and they tried their best to update the coordinates with their own hardcode input values. Eventually, a lot of redundant hardcoded "Bitcoin growth curve" scripts was born in the public library. Which is not a good thing.
Q: What about looking at the regression result with a log scale price axis?
A: You can use this script that I published in a year ago. This script display the result in a log scale price axis.
MILK (My Intraday Lazy Kit)I made this script to group information considered useful in forex day trading, of course it can be used on crypto or other markets.
First of all, feel free to suggest any improvement/new feature you would consider interesting for such an use. This is not especially a final version and I'm sure other relevant information can be added in this tool.
Current features are the following
An international clock showing time and session status (open/closed) for 5 different cities. You can modify it in parameters.
Drawings of previous days/weeks open/high/low/close prices, which will be often used as supports and resistances zones.
The Clock shows
City
Time (with a bgcolor corresponding to the "period" of the day (Morning, Afternoon, Evening, Night)
Session status (Cyan when the corresponding session is open, blue when it's closed)
Price levels names are
YTD-H : Yesterday's high
YTD-L : Yesterday's low
YTD-C : Yesterday's close
YTD-O : Yesterday's open
PWH : Previous week high
PWL : Previous week low
PWO : Previous week open
PWC : Previous week close
Levels width and colors can be modified.
You can also enable/disable the clock, and daily or weekly levels in the options panel.
Nothing more to say for now, I mainly integrated information I like to have, but I'll probably add new features in it if I get some.
EMA MTF PlusI like trading the 1 minute and 3 minutes time-frames. I'm what is commonly called a "scalper". Long term investments yes, I have some, but for trading, I don't have neither the time,
nor the patience to wait hours or days for my trade to be complete.
This doesn't mean I discount the higher time-frames, no, I actually rely heavily on them. I found that EMAs do a decent job as support/resistance, sometimes to a tick level of precision. And this is important for a 1 minute trader.
As such, I made this script that tracks the higher time-frames EMAs and displays the last value as a line.
I do not need the whole EMA, I'm not interested in crossovers or crossunders, these are anyway late signals for me.
What's with the triangles? These are local tops/bottoms , candles that have a have decent size of the wick. These tops and bottoms are by no means "final", they are merely a rejection at certain levels of price. Due to markets complexities (and human erratic behaviors hehe) these levels could be breached at the very next candle. For a more "final" version (nothing is really final but..) I added Schaff Trend Cycle as filter, so a triangle will pop only when a trend is mature enough ( STC with a value near 0 or near 100).
Colored bars. When the body of the candle is big, it shows strength. Strong bars tend to have follow through, especially when breaking key levels. The script looks at the body of the candle and compares it with ATR (Average True Range), if it's at least 0.8 of ATR it changes the bar color to yellow (bull candles) or fuchsia(bear candles).
Range identifier. This code is copied from Lazy Bear (if there are any issues please let me know), it's very useful in conjunction with colored bars.
I look for breakout candles that go outside of the range as a signal for a trade.
There are many ways in which this script can be useful, like trading mean reversions or momentum trades (breakouts) or simply trend following trades.
I hope you guys find it useful, you can play with default values and change them as you like, these are what I found to be working best for me and my trading universe (mostly crypto).
Special thanks for the original work of:
LazyBear
everget
Jim8080
