In Elliott Wave Theory, 3rd wave is not the shortest one in the waves 1/3/5 and it's usually longest one. so if we can catch it then we may get good opportunities to trade. This script finds 3rd wave experimentally. it can be also the 3rd waves in the waves 1, 3, 5, A and C. the 3rd wave should have greater volume than other waves, the script can...
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...
Here I present to you today a script that let you set boundaries and plot boundaries to identify a
1. Bounce level
2. Resistance level
You can find your own boundaries for your asset and timeframe and set a suitable one for yourself.
Keep it simple.
This indicator automatically plots the chosen timeframe's high, low, mid point and open. These levels on higher timeframes act as support and resistance levels on lower timeframes, helping find entries, stoploss and profit targets.
Most common timeframes to choose are Daily, 1W, 1M, and 3M. Other timeframes that are good include, 2D, 2W and 2M.
For example, you...
Bjorgum 3Commas Bot
A strategy in a box to get you started today
With 3rd party API providers growing in popularity, many are turning to automating their strategies on their favorite assets. With so many options and layers of customization possible, TradingView offers a place no better for young or even experienced coders to build a platform from to meet...
I recently published an indicator called "Kaufman's Efficiency Ratio Indicator". In the description of that script, I hypothesized about how the Efficiency Ratio could be applied to identify bullish moves in instances where price had already gone up steeply, but rests for a while, allowing for entry in expectation that price will continually rise. I decided to...
It will buy the breakout of the pivot in a bullish trend which is defined by the Mark Minervini stage 2 template
Set the stop loss% and Target% in your favor ( recommend the stoploss% as the low percentile atrp )
It helps indicate the contraction point so that we can have a low-risk entry of a buy point.
It followed the strategy of Mark Minervini.
Kaufman Efficiency Ratio ("ER")
This ratio was developed by a systematic trader by the name of Perry J. Kaufman.
The formula is:
= A divided by B ,
A = Current closing price minus the closing price at the start of the lookback period
B = Sum of differences between closing prices (in absolute terms) of consecutive bars over the...
I'm trader Baekdoosan who trading Equity from South Korea. This Baekdoo ANGN indicator plot volume when large volume trading happened.
I made this indicator for Korea stock trading. I put bars for large amount of trading happened. Let's say 1% of their market cap, then we can regarded this as very big amount of trading is going on.
But those function...
This is an indicator that shows 5 different points of information:
#1 The Trendline is uses a time-series decomposition to remove noise and seasonality data to provide a trendline without using moving averages. This is then further processed by a custom VWAP block that weights it based on the time frame you're currently using.
#2 BB%B - This is the blue histogram...
//Sup TV. This script is inspired by (and dedicated to) closure of sales (today, Oct 20 '21) of the famous Jurik Research.
Jurik Research, the real people who been doing real things by using the real instruments, while many others been reading books "How to become a billionaire in 2 days", watching 5687 hours videos of how to use RSI, and studying+applying...
This script consist of two parts: linear SSL and DEMA. The difference between original SSL and current is that it calculated by linear regression. The logic is simple: when SSL "crossunder" and DEMA is above the price - we get short signal. When price became above DEMA and SSL "crossover" - close short.
Traders often use the volatility stop to protect trades dynamically, adjusting the stop price gradually based on the asset's volatility.
Just like the volatility stop is a great way to capture trend reversals on the downside, the opposite applies as well. Therefore, another useful application of the volatility stop is to add it to a trading system to signal...
This indicator provide short term trend information.
1. Green bar color indicates bullish trend and vice-versa for Red bar.
2. Dark green color indicates bar close higher than previous bar.
3. Dark red color indicates bar close lower than previous bar.
4. Bar close above green line indicates strong bullish trend.
5. Bar close below red line indicates strong bearish trend.
Before I begin I want to mention:
1. This is an upgrade of my indicator WMA Combo Crossover. (Link: www.tradingview.com)
2. The upgrade was inspired from the CCI and Bollinger Bands indicator by matsu_bitmex. (Link: www.tradingview.com)
3. I have combined the indictor with Bollinger Bands , coloring those sections as...
The indicator has two parameters: the period and the number of splits. For the selected period, the maximum and minimum are calculated, and the scope of the market is determined by the difference between the maximum and minimum. The scope is divided by the number of partitions, thereby determining the step of the levels. If the average price (ohlc4) falls within...