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[UPRIGHT Trading] Academy of Forex - Scalp Strategy█ OVERVIEW This is a collaboration of efforts of The Academy of Forex and UPRIGHT Trading . The Academy of Forex - Scalp Strategy Indicator is a clean & reimagined lower indicator. To enable optimization & potential automation, we re-coded & optimized it at UPRIGHT Trading. It is based on the one presented on its YT channel. The idea is for it to be an easy to use - simple indicator - that works not just for confirmation, but also entering and exiting quickly (scalping). █ CONCEPTS The idea is that %B (derived from BBs) is able to pick up some pretty significant moves. With that as one of the bases the Inverse Fisher Transform (Ribbon) acts to show some of the movement of the asset highlighting when it at extremes. The RSI highlights are there as another confirmation to help normalize the sometimes too frequent movement of %B. As expected the indicator often acts as a reversal indicator, but with the optimizations of logic it's able to pick up more than just the reversals and works as a pretty decent Buy/Sell Algorithm. █ CALCULATIONS Calculations used included, but not limited to: - %B - Quantifies the price as a percentage to the Upper and Lower Band of the Popular Bollinger Bands, which were named after their inventor John Bollinger in 1980. - Inverse Fisher Transform RSI - is a variation of the IFT, created by John Ehlers, the idea is for the IFT to convert Gaussian normal distribution and to take it a step further the RSI version is to just use overbought and oversold placements. This indicator is meant to highlight when price has moved to an extreme and in this process helps to spot turning points. - Relative Strength Index (RSI) - As most of you know already the RSI is a technical analysis tool invented by J. Welles Wilder, that oscillates and is used to measure the momentum of price changes. It normalizes to index 0-100 with overbought and oversold defined by the user, but often around 70 as overbought and 30 as oversold. - Pivot/Swing Points - Implemented to show recent Higher-Highs or Lower-Lows, Pivot points are included in the indicator for structure tracking. - Moving Averages - Moving averages help to get an idea of when price is moving near the norm or outside to extremes. █ FEATURES Indicator Features: -2 Buy/Sell Signals. -U Signals (UPRIGHT optimized). -Exit Reminders. -Alerts allowing Automation of Scalp Strategy. -H/L Swings. -Color Customization. -Clean Mode. -Inverse Fisher Transform Ribbon. -RSI Bullish/Bearish Highlights. -Options for More Signals (including: Oversold/Overbought Circles, %B Bull/Bear Squares and Triangles, and IFT Highlights). Showing some of the signals close up. Should look like this: Enjoy! Sincerely, Mike
Pine Script® indicator
by UPRIGHTTrading
17
Heikin Ashi Master Buy Signal ScannerHeikin Ashi Master Buy Signal Scanner is an algorithm consisting of smoothed Heiken Ashi candles and moving averages.Moving averages use 5 basic moving averages. I preferably use ema for smoothing.In addition, the main purpose of this indicator is the preferred stock market and its shares, trading pairs, etc. scanning on a single screen and seeing the buy signals on a single screen.The buy signal appears on the screen as green. With Column Width from the indicator properties, the width of the column of 30 symbols is adjusted, and the position of the column on the screen is adjusted with the Column Number. With the indicator, a maximum of 30 symbols can be listed at once. However, this number can be increased according to your tradingview membership type. Especially if you are a premium member of tradingview, you can add as many indicators as you want to the chart without any limitation, and you can add as many symbols as your screen width to the chart. Heikin Ashi Master Buy signals you can see on a single screen. In addition, the indicator gives you the opportunity to set the time zone you want and you can see the signals according to the time zone you want. All you need to do for this is to set the time zone from the indicator properties. Now, if you wish, you can see examples of scans made on a single screen below. Buy signals of 346 coins of Binance usdt trading pair on a single screen Buy signals of 420 stocks of the Indian market on a single screen Buy signals of 300 stocks of the NASDAQ on a single screen Buy signals of 300 stocks of the BORSA ISTANBUL-BIST on a single screen Buy signals on a single screen with 49 trading pairs in Forex
Pine Script® indicator
by coinsspor
8
Forex Risk CalculatorForex Risk Calculator 's logical is bring the differential between Entry price and Stoploss price, your acceptable risk and your account size to calculate the loss size first then convert to the 'Lot size' and have another feature like auto scale static target calculate by your loss size with RRR (Risk Reward Ratio). Give you to get easier to manage your orders. Key Features: 📈 Real-time Risk Assessment: Enter the amount you are willing to risk, and Forex Risk Calculator will calculate the appropriate position size for your trade in real-time. 🎯 Target Lines and Static Target Prices based on RRR: Set your desired Risk-Reward Ratio (RRR), and let Forex Risk Calculator auto-generate target prices according to your RRR. Additionally, place target lines to visualize the expected profit if the price hits that line. ⚙️ Customizable Parameters: Adjust risk percentage, RRR, and other parameters to tailor the tool to your trading strategy. 👁️ User-Friendly Interface: Forex Risk Calculator features an easy-to-use and intuitive interface for both beginners and seasoned traders. Usage: Step 1: Place your entry price Step 2: Place your stoploss price Step 3: Place your target price Step 4: Confirm your account detail Step 5: Bring the 'Lot size' to use Parameter: Initial account size Risk percent Entry price Stop price Target price Show your target price Show static target prices Number of your static target prices Table position Text size Background color Text color Border color Output: Chart Entry price line Stop loss price line (loss in USD) Target price line (profit in USD) Table Account size Risk percent Entry price Stoploss price Lot size
Pine Script® indicator
by ELITEFUNS
2
Correlation index and liquidityAn indicator with which you can easily compare any ticker with the ones offered. You can choose any of the tags that are offered in the options You can also create your own ticker if you select the Custom in Mode option. If the comparison mode is enabled, the current ticker you are viewing is divided by the ticker selected in the indicator. For example, if you have the EURUSD ticker open. And the EURUSD indicator is selected in the option in the indicator. Then you will get the EURUSD correlation index with other currency pairs that are correlated, for example GBPUSD+NZDUSD+AUDUSD. This means that you can now see the common index of those three pairs in relation to the EURUSD. Custom index for major currency, example GBP have index of GBPUSD+GBPAUD+GBPJPY+GBPNZD+GBPCHF. This means that you can now see the common index of those pairs in relation to the GBP. This script is unique because it requires the optimal combination of pairs needed for each pair specifically, which I came to during many years of studying the forex market so the source code of the script have to remain hidden. If you are a beginerr, you can just apply simple trend-breakout strategy after you spot the divergence. For advanced traders, you can use this together with ICT's and SMC concepts as a confirmation upon your entry. Please comment if you like it!
Pine Script® indicator
by electricalLlam3847
3
Option ScalperWhat is Scalping? Scalping is a trading strategy aimed at profiting from quick momentum in a volatile index or stock or any other instrument that can be traded. Traders who use such strategies place anywhere from 10 to a few hundred trades in a single day. The idea behind such type of trading is that small moves in an index or stock price are much easier to capture than the larger moves. Traders who use such strategies are known as scalpers. When you take many small profits a number of times, say 10 points scalped 20 times per day, they can easily add up to large gains. An Option Buyer's Biggest Enemy is Time Decay and when you scalp, you do not allow the time decay to eat your Option Premium as your Entry and Exit is often quick enough. What is Option Scalper? Option Scalper indicator is a momentum-based indicator that tries to detect momentum based upon a number of factors as given below: (1) Price action accumulated over a period of time when big candles are nowhere (2) Repeatedly Occurring, certain Candle patterns which indicate if buyers have the upper hand or sellers are ruling the market. (3) Gradient of moving averages which shows consistency of net buying/selling force (4) Price jumping normal distribution line and landing in outlying areas, signalling increasing momentum of buying/selling activity. Based upon the above factors, when Option Scalper thinks a move has the potential to turn into a big move, it generates its Buy/Sell Signals. When aggressive buying or selling starts where Buying & Selling Forces become unequal, the Price starts moving in one direction with candles making Higher Highs or Lower Lows, moving average lines start scaling up or down or volumes start increasing. Option Scalper detects these (1) Higher Highs or Lower Lows, (2) scaling up moving average lines, and/or (3) price breaking out of channels; and generates Buy or Sell signals. In order to use this indicator, simply deploy this on your chart, and wait for Buy/Sell signals. When a Buy/Sell Signal appears, a small line starts forming up at the closing level of Buy/Sell signal candle. Your Entry will be above that line for Buy Signal and below that line for Sell Signal. It works on all time frames. Whenever a Buy Signal is followed by Sell signal (let it be after 7 - 8 candles or after many candles) or vice-versa, you have to switch your position to make most of the reverse move. It is a general purpose indicator and may be used on stocks, commodities, forex and any other instruments alike and is not meant for any specific market. How to Take Buy/Sell Entry with Option Scalper? Whenever a Buy/Sell Signal appears on a candle, Option Scalper starts marking its closing price with a horizontal line that keeps extending towards right side with every new candle. This line is Blue in Color for Buy Signal and dark golden color for Sell Signal. Initially this horizontal line will be very small but as more and more candles appear with the passage of time, the length of the line keeps increasing. The purpose of this line is to mark the closing price of Signal candle and you have to take your Buy Entry above this line (if last signal is BUY) or you have to take your trade Below this line (if last signal is SELL). The indicator will also draw another line at the Opening Price of Signal Candle, which can act as your initial stop loss. If trade starts moving in your direction and price goes above upper variance line (light green curvy line) or goes below lower variance line (purple wavy line), then that line becomes your trailing stop loss line from that point onwards. The indicator also marks the consolidation zone for you. If the Buy/Sell Signal has come but price is in consolidation zone (grey colour cloud), do not take any positions yet and wait for the price to come out of the cloud and breach the Entry Line. Exiting Buy/Sell Positions and Re-Entry Rules 1. Exiting your Buy Trade: When a Buy Trade is active, indicator can detect where the ongoing upmove may end or retrace for a while and it will print an X symbol (RED COLOR) to warn you. After you see a Red Color X symbol, if price starts making lower lows, you can exit your Buy Trade there or if you are in good profit, you can wait for the price to go below upper variance line (the green color Trailing Stop Loss Line for Buy Trade). See the image below for Red Color X symbol which warns you to be prepared for EXIT from Buy Trade: 2. Re-Entry for Buy Trade: If the last signal on your chart is still Buy Signal but your stop loss has been hit once or twice and you have no open positions now, you can RE-ENTER in buy trade if and when price again climbs above the grey cloud. 3. Exiting your Sell Trade: When a Sell Trade is active, indicator can detect where the ongoing down-move may end or retrace for a while and it will print an X symbol (Green COLOR) to warn you. After you see a Green Color X symbol, if price starts making higher highs, you can exit your Sell Trade there or if you are in good profit, you can wait for the price to go above lower variance line (the purple color Trailing Stop Loss Line for Sell Trade). 4. Re-Entry for Sell Trade: If the last signal on your chart is Sell Signal but your stop loss has been hit once or twice and you have no open positions now, you can RE-ENTER in Sell trade if and when price again crosses below the grey color cloud. See the image below for recognizing Red and Green X symbols which indicate that temporary retracement or reversal signal is developing: What are the other features of Option Scalper? 1. End to End Horizontal Support/Resistance Lines: Indicator also detects, prints and deletes horizontal support and resistance lines which can help in your trading decisions. For example, a Buy Signal comes and price crosses above upper variance line and also crosses nearby horizontal resistance line means it has higher probability of moving further up. The reverse is also true (for Sell Signal). See an example of a resistance line below: 2. Star Symbols: If 5 or more consecutive candles are of the same color, then Star Symbol (*) starts appearing above or below the candles. When price has moved too high or too low from the upper or lower variance line, these stars indicate that there is higher probability of retracement happening now which should prompt you to book full or partial profit. See the circled stars in the below image 3. Color Changing Candles: If a candle changes its color from Red to Purple or from Green to light green, they indicate increased intensity of Selling or Buying activity. For example, if each 1 min candle within a 5 min candle is red, then that 5 min candle will turn purple which means Selling pressure is too much and there are very few or no buyers at all. Reverse is also true when Green Candle becomes Light Green. Example images of such candles can be seen below: 4. Consolidation Zone: It is very important for an option buyer to strike only when there is momentum and not to take any fresh trade (or if you already have a position, then closing it for the time being) when price is in consolidation zone. Consolidation zone is marked by a grey colour cloud as seen in below image. What Type of Alerts Can be Set up: You can set up 3 type of alerts with this indicator (a) Buy Entry Signal which happens when Price closes above the marked Buy Price Level (b) Sell Signal which happens when Price closes below the marked Sell Price Level or (c) Any signal (if you want to be alerted when either Buy or Sell Signal happens) How to get this indicator? This is invite-only indicator. Get in touch with us using information given below in Signature field to try this indicator FREE. You may also chat with us through Private Chat feature of TradingView.
Pine Script® indicator
by jellygill
152
Hani angle support and resistanceBy examining the intersections of the average price in the past, this indicator identifies points as support and resistance, according to which it determines a diagonal line to the last average price in the future. As you can see in the picture, these points are more important than floors and ceilings, and they can be cited more According to the 360-period cycles of the market, it has the best performance In this indicator, there are two lines that show the average price in different periods. Ingulf candles and the pattern of three return candles are used for the signal In the scalp model, the pattern of three consecutive candles and one engulfing candle is used In the model of circles, Engulfing candle is also used according to algo By default, this stop loss calculation is twice the size of the signal candle, which you can change according to the type of transaction. Enter the amount of your balance and change the amount of contract size according to the currency For example, the contract size is Bitcoin (1) and the contract size is EURUSD (100,000) and XAUUSD (100) and enter the amount of risk in each transaction. At the time of the signal, you will see the exact size required to enter the transaction (not including the commission, because each exchange has a different commission and a different spread). For a better view of the market, you can pay special attention to the distance and angle of the two lines. Support and resistance lines are continuously displayed for 500 candles to be considered in the future of the market This indicator requires basic knowledge of candlestick and it is better for the trader to make the final decision according to the market situation. However, an alarm has also been set that sends the stop loss amount for use in the web hook. The price at the moment of the signal is also alarmed for comparison so that the signal can be compared at the time of the alarm. The size of the ATR band is used to measure the wave if the waves are large enough to send cleaner signals. The green label: distance between the last intersection and the average price. The yellow label: distance between two periods of the average price White label: lot size to enter the market pink label: ATR size
Pine Script® indicator
by Hani-inventor
5
RiverFlow ADX ScreenerRiverFlow ADX Screener, Scans ADX and Donchian Trend values across various Timeframes. This screener provides support to the Riverflow indicator. Riverflow concept is based on Two indicators. Donchian Channel and ADX or DMI. How to implement? 1.Donchian Channel with period 20 2. ADX / DMI 14,14 threshold 20 Entry / Exit: 1. Buy/Sell Signal from ADX Crossovers. 2. Trend Confirmation Donchian Channel. 3. Major Trend EMA 200 Buy/Sell: After a buy/sell is generated by ADX Crossover, Check for Donchian Trend. it has to be in same direction as trend. for FTT trades take 2x limit. for Forex and Stocks take 1:1.5, SL must be placed below recent swing. One can use Riverflow indicator for better results. ADX Indicator is plotted with Plus: Green line Minus: Red Line ADX strength: plotted as Background area. TREND: Trend is represented by Green and Red Area around Threshold line Table: red indicates down trend green indicates up trend grey indicates sideways Weak ADX levels are treated sideways and a channel is plotted on ADX and PLUS and MINUS lines . NO TRADES are to be TAKEN on within the SIDEWAYS region. Settings are not required as it purely works on Default settings. However Donchian Length can be changed from settings. Timeframes below 1Day are screened. Riverflow strategy works on timeframe 5M and above timeframe. so option is not provided for lower timeframes. Best suits for INTRADAY and LONG TERM Trading
Pine Script® indicator
by traderharikrishna
1
Days in rangeThis script is a little widget that I made to do some homework on the VIX. As you can see in the chart I was analyzing the 2008 market crash and the stats that followed it after until the market started to recover. You can see that theory in my "Ideas" tab. This is an interactive set of lines that you can use to count the the bars inside and outside of your chosen range, and the percentage outside that range. You should initially enter the price range of your product in the menu and set some arbitrary dates that you can easily see on your chart. Drag and drop the lines around to suit what price and the dates you are analyzing. The table will display the bar count inside and outside of the range, the total bars, and the percentage outside that range. I personally used this as a tool to study the overall average of the product, compared with the behavior during major market events. It is currently my opinion that post 2020 analysis needs to take into account the behavior of any given product prior to 2020 when the VIX was in its comfort zone. Not to say that a price valuation hasn't been set, but that the movement to that price was outside of "Normal Market Conditions," and the time factor to return to that value might be skewed. Other factors would need to be considered at that point pertaining to your specific product or corelating indicator. I could see this tool being useful to Forex and commodities traders. But that isn't my field so that that for what it is. I do think it would perform best on something that is more pegged to a price range. I personally would use it on product's, like the VIX, that I use as an indicator product. That is what it was designed for. But I suppose it could be used for Mean price and time related analysis, maybe with a Vwap, SMA or other breakout style indicators. Volume analysis might be pretty sporty. Possibly time patterns... the possibilities could be endless. Or... limited. I am publishing this for my trade group so that it can be tinkered with to find other helpful ways to use it. If anyone finds something interesting with other indicators, please drop a comment below and I could consider creating a script to integrate with this tool.
Pine Script® indicator
by goofoffgoose
4
Know the trend - KTT---------- ENGLISH ----------- This indicator combines the values of four common indicators (MACD, MACD signal, normalized RSI and linear regression) to provide a unified view of the market trend. The indicator calculates the average of the rescaled values of these four indicators and plots it on the chart as a line that changes color based on its position relative to 0. If the line is above 0, it is colored black to indicate a bullish trend. If the line is below 0, it is colored red to indicate a bearish trend. The user can enter a value for the length of the indicator to customize the time period used for calculating the underlying indicators. The indicator works on any time frame. ---------- ITALIANO ----------- Questo indicatore combina i valori di quattro indicatori comuni (MACD, segnale MACD, RSI normalizzato e regressione lineare) per fornire una visione unificata del trend del mercato. L’indicatore calcola la media dei valori riscalati di questi quattro indicatori e la disegna sul grafico come una linea che cambia colore in base alla sua posizione rispetto allo 0. Se la linea è sopra lo 0, viene colorata di nero per indicare un trend rialzista. Se la linea è sotto lo 0, viene colorata di rosso per indicare un trend ribassista. L’utente può inserire un valore per la lunghezza dell’indicatore per personalizzare il periodo di tempo utilizzato per il calcolo degli indicatori sottostanti. L’indicatore funziona su ogni time frame.
Pine Script® indicator
by c00l75
FX Sessions & Killzones ETJust another sessions indicator. Among all the many existing ones, I didn't find anything simple that would cover my needs and that would actually be correct. New York time is forced here for plotting the stripes so you don't need to worry about the time zone currently set on your chart. The indicator will be accurate during Daylight Saving Time (which, in 2023 for example, started on Sunday, 12 March , 02:00:00 and will be in effect until Sunday, 5 November, 02:00:00).
Pine Script® indicator
by skullp
7
Rounded Forex Levels: Big-Figure, Mid-Figure, 80-20 levels, BFRNSimple indicator to show Rounded levels in typical Forex pairs: Big figure, Mid-figure, 80-20 Insitutional Levels, 10pip levels, 5pip levels Wrote this indicator because other ones out there seem to clutter the chart. This is simple, low-clutter and can be set by user to have arbitrary start and end points for the lines. I wanted the ability for lines to plot discreetly to the right hand side of price as in the chart above, since in my opinion, these are only of secondary consideration to a trader, an extra confirmation/confluence to an existing idea. //Purpose & Usage: -Big-figure levels (100pips) & Mid-figure levels (50pips) will have a senstitivity to price, that can be an additional tool when looking for confluence for a target or an entry. -As well as BF levels and MF levels; Institutional levels (20pips below and 20 pips above a Big Figure level) and standard 10pip or 5pip levels, can be useful in the right context (i.e added confirmation that of a minor sweep target; added conviction in an idea if the level aligns with another seperately derived level). //User inputs: -Toggle on/off each of the types of level. -Line spacing: choose pip spacing of lines . -Number of lines above/below (i.e. setting of 5 will be 11 lines. One central, 5 above, 5 below). -Formatting: for each class of lines, code by color, style and width (as per the example chart below). -Line start offset and line end offset: bars forward/back for each of start point and end point. So lines could be spread right across chart; or neatly pushed to the far right or left of the chart. //Notes: -Designed for typical Forex pairs with units close to 1.0 (like Eur/Usd, Usd/Cad, Aud/Usd, Gbp/Usd, Eur/Gbp, Nzd/Usd). -Lines are based from the rounded close of the previous bar, Updating (if applicable) on each new bar. Demo Plotting levels in the past; Dialog box example display:
Pine Script® indicator
by twingall
2
[MiV] MA Screener v1.0In my trading I stick to the following strategy: I buy an asset above the 100/200 moving average and then sell it. The most problematic thing in all this is to look for assets that are above the 100 or 200 moving average, and to assess how "far" the price is from that moving average. In fact, to solve this problem I created this indicator. It works with 30 different assets and displays the state of its two moving averages, whether the price is higher or not, and how much higher the price is from that level.
Pine Script® indicator
by mi_vadim
8
Forex Sessions by CryptoforForex Sessions Boxes Killzones are the period of greatest volatility, and volatility is one of the main factors for finding the optimal trade time (OTT/Optimal Trade Time). That is, in a period of high volatility, we as traders have the most chances to open a good position, and at the same time not to sit on the charts for too long waiting for its closing. Sessions: 1. Asian Session: 2. Frankfurt Session: 3. London Session: 3. New York Session: Features: Time zone change Session time change Show/hide Historical Data Show/hide Pips Show/hide Previous Day High/Low Show/hide New York Midnight/True Daily Open Text size and align customization Borders style Line and border sizes Full customization of colors: borders, price lines, text, background
Pine Script® indicator
by Anton_Zhezherun
2
TRIX with Momentum----------- ENGLISH -------------- This indicator is called "TRIX with Momentum" and is used to analyze the momentum of an asset's price and predict potential trend reversals. The logic of operation is based on the combination of two indicators: the Triple Exponential Moving Average (TRIX) and the momentum oscillator. The TRIX is calculated using three exponential moving averages (EMA) of the asset's closing price, with a user-defined length (set to 14 by default). The TRIX is then normalized and centered around 0 to facilitate analysis of its relationship with the momentum oscillator. The momentum oscillator is calculated using the EMA of the normalized TRIX with a user-defined length (set to 14 by default). The indicator plots the normalized TRIX and the momentum oscillator on a chart, using different colors to indicate whether the TRIX is above or below 0. Additionally, the color of the y-axis label changes based on the position of the oscillator, while the color of the x-axis label remains gray. The indicator uses a weighted average between the normalized TRIX and the momentum oscillator to create a colored background of the chart, which changes based on the weighted average. If the weighted average is positive, the chart's background is green, otherwise it is red. Finally, a horizontal line is drawn at point 0 to facilitate visual analysis of the chart. ------------ ITALIANO ------------- Questo indicatore è chiamato "TRIX with Momentum" ed è utilizzato per analizzare il momentum del prezzo di un asset e prevedere eventuali inversioni di trend. La logica di funzionamento è basata sulla combinazione di due indicatori: il TRIX (Indicatori di media mobile Tripla Esponenziale) e l'oscillatore momentum. L'indicatore consente all'utente di impostare la lunghezza del TRIX e dell'oscillatore momentum come input personalizzato. Il TRIX viene calcolato utilizzando tre medie mobili esponenziali (EMA) della chiusura dei prezzi dell'asset, mentre l'oscillatore momentum viene calcolato utilizzando l'EMA del TRIX normalizzato. Il TRIX normalizzato viene centrato intorno allo 0 per facilitare l'analisi della sua relazione con l'oscillatore momentum. L'indicatore plotta il TRIX normalizzato e l'oscillatore momentum su un grafico, utilizzando diversi colori per indicare se il TRIX è sopra o sotto lo 0. L'indicatore utilizza una media pesata tra il TRIX normalizzato e l'oscillatore momentum per creare uno sfondo colorato del grafico, che cambia in base alla media pesata. L'utente può impostare il peso da dare al TRIX e all'oscillatore momentum come input personalizzato, e il peso dell'oscillatore momentum verrà automaticamente impostato come complementare al peso del TRIX. Se la media pesata è positiva, lo sfondo del grafico è verde, altrimenti è rosso. Viene tracciata anche una linea orizzontale al punto 0 per facilitare l'analisi visiva del grafico. Infine, il colore dell'etichetta dell'asse y cambia in base alla posizione dell'oscillatore, mentre il colore dell'etichetta dell'asse x rimane sempre grigio.
Pine Script® indicator
by c00l75
Perfect signal by c00l75 v4-- CONCEPT - HOW IT WORKS --- This script is based on moving average crossing lines (mirrored) with a signal line. --- WHAT IS DIFFERENT FROM OTHER MA SCRIPTS --- It's different in the formula for calculating the moving averages. NOW the length of the moving averages is modifiable to permit the user to tuning system better. --- WHAT IS IT FOR? --- It's a trend following script. I needed a script to catch signals for medium term trading (5-20 days) on > H4 TF with smooth lines but pretty quick signal, possibly easy to manage and "plug and play" for Forex market. --- HOW TO USE IT? --- Simply you have buy or sell signal looking at crossing lines. Signal line could be used to catch retracements. --- WHERE SHOULD I USE IT? --- At the moment I tested it only on Forex market with good results on H1 timeframe. Backtest it by yourself before using it. Hope I can help someone else to have better trading time. Feel free to comment if you have questions. NOTE for moderators: It's the update version of a my previous script (Perfect signal by c00l75) to version v4 with added ability to change the periods of the user's choice. To do this I had to republish it because the previous one was an old version of pinescript that is no longer supported.
Pine Script® indicator
by c00l75
1
Import Forex Volume from 5 biggest FX Brokers (single/combined) Some Brokers like Forex.com don't show Volume for FX. This indicator allows user to import Volume from a range of FX brokers that DO show volume -Combine the reported volumes from all five brokers: FXCM, GLOBALPRIME, PEPPERSTONE, Currency.com, OANDA. Or pick a specific broker to import volume from. -Image above shows combined Volume from the big 5 brokers, with added notes on the 2yr average of various broker's volumes; showing their size in descending order. -Works across timeframes & FX pairs. Standard color formatting options Added. //notes: ~default settings pull/combine volume from all 5 brokers. History goes back to Sept 2019 (due to GlobalPrime's later start date in publishing Volume data). ~~toggle ON 'only show FXCM, Pepperstone & Oanda' for a LONGER history, going back to June 2012. ~individual broker feeds: top checkbox toggled OFF, choose your preferred broker. ~~FXCM has both the longest history and the highest volume size of all the brokers. ~Table (toggle on/off) shows the broker feed (which broker(s) volume is on display) and the SMA 100 to give an idea of relative size. //Cautionary note: Volume is not as reliable in Forex as it is in Equities/commodities, due to unreported Inter-bank trades; the broker volumes do not give the full picture, but this is a best approximation of combined total volume based on brokers reported volume. The true volume will likely be much higher. -Thank you @theEccentricTrader for the idea of pulling volume feed from other brokers.
Pine Script® indicator
by twingall
17
FOREX Master Pattern Trend Finder by nnamdertWhat does this Indicator do? This indicator works by identifying Trends and "potential" shifts in trends before they happen. It is technically a momentum indicator that watches for specific Bullish or Bearish momentum (i.e. Bull Runs, and Crashes). How does it do this? It uses a custom script that takes into account extremes in price and certain moving averages and other accurate forward looking indicators. Once it finds a Bull run, signals are triggered in the form of PLUS signs. It does the same for strong Bearish trends. Based on how the script is configured, the Indicator is able to spot (in advance) unique movement in the trend that can predict a change in momentum prior to the change occurring. These momentum changes can be configured as alerts. As seen in the screenshot below the indicator triggers "early warning" signals when it detects a specific movement that is indicative of a potential change in momentum or trend. It does this IN ADVANCE of any change - it is ONLY A PREDICTION but allows the trader to look at the asset to determine if the potential change in trend is valid and gives the trader enough time to set up a trade and stop-loss. As seen in the screenshot below color-coded candles allow the trader to visually SEE the change on the chart making it easier to get a quick glance at the current trend. In addition, Green and Red Crosses were added to the oscillator to help easily identify trends if the color coded candle feature is turned OFF. These Red and Green Crosses are not located at every highlighted bar location, rather, at the first bar that the alert was triggered on. If there was a gap in the trend, the alert triggers, and plots again when a new trend starts. As seen in the screenshot below, when a strong trend is present in either direction, small red or green dots are plotted on the oscillator. This makes spotting past and current trends much easier. Even if the price is not moving up or down, this indicates strong underlying buying or selling pressure. Some traders like using indicators as a reversal finder. Although this indicator is NOT A REVERSAL INDICATOR, I added a signal that can be used as a "potential" reversal finder. You can see this in the screenshot below. These "reversal" signals typically appear prior to a move in the opposite direction (but not always). A stop-loss can be set at the high or low of the previous bar depending on direction. At times, multiple "conflicting" warning signals appear back-to-back. This is indicative of a "crab" in the market. Basically, indecision is present in the market. These "early warning" signals are smaller and either BLUE or ORANGE . Once a trend is recognized, the signal will be either RED or GREEN and a bit larger. Viewing a higher timeframe will allow Forex Master Pattern traders to easily spot contraction zones. I manually draw the lines in at these zones. These "Value Lines" are typically respected in the future. As shown in the screenshot below, the level acted as support in the future and a newer value line was created at a "higher level" - this indicates a Bullish momentum in price as buyers and sellers have agreed upon the higher price as a true value area. As seen in the screenshot below, multiple potential reversal signals plotted on the chart indicate a "weakening' in the strength of the current trend. This allows the trader to strategically move their stop-loss or simply take some profits off the table at this level. This Indicator does NOT overlay on the current chart but allows the trader to see color coded bars. Simply double clicking within the indicator will expand the indicator to full screen, and double clicking within the chart itself will hide the secondary pane but keep the candles visible on the chart. Happy Trading and GOOD LUCK!
Pine Script® indicator
by nnamdert
12
5 Minute TF 200 EMA Retest by Grantwww.tradingview.com This indicator is a simple script meant to find retests on the 200 period moving average. It's current state is optimized for the 5 minute timeframe. This works in all markets and all timeframes as long as you adjust certain rules for higher timeframes. It's strengths and weaknesses - Good at trend continuation in strong markets - Bad in ranging markets (not surprising) How does it work? - It first identifies an overall trend by using the 200 ema. - For long positions, it waits for price to close below the 200 ema, and then shortly closing back above the ema. For short positions its the opposite. - For lower timeframes there are some other factors that help filter out bad signals that include: - Makes sure that volume is increasing. - Makes sure that volume is higher than average volume. - For higher timeframes, the more specific factors aren't required. How to use this indicator: - Green triangles mean long positions - Red triangles mean short positions - Always trade with stoplosses and never risk too much of your account, please practice proper risk managment. DISCLAIMER: Trading is inherently dangerous and carries lot's of risk. What you decide to do with my script has nothing to do with me. I am not responsible for any financial gains or losses made using this script. It is important to recognize other factors in the market to make better decisions.
Pine Script® indicator
by Grant14299
2
Expansion Finder by nnamWhat this Indicator Does This indicator helps the trader locate expansion and contraction areas in an easy visual way. When the asset moves from a contraction phase into an expansion phase, the bars change color (customizable). This allows the trader to recognize areas of contraction and avoid trading them. Once a Bar Range moves outside of the average range as specified by the user, the bar will change color informing the trader that the current bar and by default the market, is moving into an expansion phase from a contraction phase. The indicator works well for those traders that use the Forex Master Pattern to locate Value Lines and Value Areas on the chart giving them an opportunity to draw in these areas with ease. As shown in the screenshot below, the boxes are manually drawn after the trader locates an easily identifiable area of contraction. The Indicator makes it easy to find longer areas of contraction and ignore the noise of smaller contractions. Customizable Settings allow the trader to define the lookback range that determines the number of bars to base the average. A "multiplier" setting allows the trader to easily adjust the Average by changing the average using a simple calculation. Example, if the average multiplier is set to "1", the average will be used. Using the standard average is not always the best way to define these contractions, so traders can set the average to a higher or lower number by using the multiplier, thus changing the calculation but maintaining a consistent number across the chart. Example: If the average is not plotting the contraction correctly, the trader can manually adjust the multiplier down to 0.5 thus adjusting the average in half or increase the multiplier to 2 thus doubling the average. As seen in the screenshot below, this changes the number of expansion bars visible on the chart. Below you can see Value Areas and Value Lines drawn in. These lines assist the trader in defining important levels for future trading. I hope this Indicator helps you locate value areas and value lines on charts in an easy way. Any questions or concerns or suggestions, please do not hesitate to reach out. Happy Trading !!!!
Pine Script® indicator
by nnamdert
1
FlashTrade 20 Asset ScreenerThe FlashTrade 20 Asset Screener is a powerful screening tool written in Pinescript and designed for use in Tradingview. It simultaneously monitors a combination of seven (7) lagging and three (3) leading indicators for twenty (20) assets, such as; stocks, cryptocurrencies, or forex pairs. The screener sends summarized numeric data as an alert to external programs that specialize in automated trading. This proprietary technology developed by the algorithmic trading firm known as FlashTrade.AI is now integrated with the rules-based trading platform TradeLab.AI. The lagging indicators tracked by the screener are as follows: 1. The 8 Period Exponential Moving Average (8EMA): It determines whether it is over or under the 21 Period Exponential Moving Average (21EMA). 2. Two Closes of the 8 Period Exponential Average (8EMA): This confirms a trend as either bullish or bearish when it occurs over or under the 21 Period Exponential Moving Average (21EMA). 3. Ichimoku Cloud: This indicator identifies whether the price is above or below the cloud, indicating bullish or bearish trends. 4. Ichimoku Cloud: Conversion Line Above Base or Conversion Line Below Base: This measures the trend strength based on the distance between the conversion line and the base line. 5. Ichimoku Cloud: Lag Line Above Price or Lag Line Below Price: This tracks the lag line's position relative to the current price to confirm trend direction. 6. Ichimoku Cloud: Leading Cloud Green or Leading Cloud Red: This identifies the trend based on the color of the leading cloud. 7. MACD: This oscillator tracks the difference between two exponential moving averages and helps identify bullish or bearish momentum in the market. The screener also tracks three leading indicators that primarily measure trading volume and momentum. These leading indicators are: 1. The Relative Strength Index (RSI): This oscillator measures the speed and change of price movements to identify overbought or oversold conditions in the market. 2. The Stochastic: This oscillator measures the momentum of price movements and helps identify potential trend reversals in the market. 3. The relative Vigor Index (RVGI): This indicator measures the strength of price movements by comparing the closing price to the trading range and helps identify trend reversals. Overall, the FlashTrade 20 Asset Screener is a powerful tool for traders looking to automate their trading strategies. By monitoring multiple indicators for multiple assets simultaneously, it can identify trends and capitalize on opportunities when they present themselves.
Pine Script® indicator
by johnjpavone
1
Customizable Moving Average RibbonThis indicator is a highly customizable moving average ribbon with some unique features. This script can utilize multiple unique sources, including a non-repainting renko closing price. Renko charts focus solely on price movement and minimize the impacts of time and the extra noise time creates. Employing the renko close helps smooth out the MA ribbon. Insignificant price movements will not cause a change in the plotted lines of the indicator unless a new threshold is breached or a "brick" is created. This is highly useful for quickly identifying consolidation areas or overall flat price movement. There are two methods for selecting the box size when utilizing the renko source. Box size is critical for the overall function and efficacy of the plots you will visually see with this indicator. Box size is set automatically using the Average True Range "ATR" or manually using the "Traditional" setting. The simplest way to determine a manual box size is to take the ATR of the given instrument and round it to the nearest decimal place. As an example, if the ATR for the asset is 0.18, you would round that number to 0.2 and utilize this as your traditional box size. The MA ribbon contains eleven adjustable moving average lines. Users can choose to turn off as many as they would like. Users can also adjust the length of the individual moving averages and the source for all moving averages. There are nine types of moving averages to choose from for the ribbon. The MA options are: Exponential Moving Average = 'EMA' Double Exponential Moving Average= 'DEMA' Triple Exponential Moving Average = 'TEMA' Simple Moving Average = 'SMA' Relative Moving Average = 'RMA' Volume Weighted Moving Average = 'VWMA' Weighted Moving Average = 'WMA' Smoothed Simple Moving Average = 'SSMA' Hull Moving Average = 'HULL' We believe that the ribbons features, including the line color change, help quickly identify trends and give users optimum customization. Users can select from five different color schemes including: Green/Red Purple/White White/Blue Silver / Orange Teal/ Orange
Pine Script® indicator
by LeafAlgo
New York ZonesHello traders, here is a indicator which is based on a strategy I found on a forum. I hope you will find it useful. Rules to Follow: 1) Wait for signal . Signal appears at 9:30. (New York time) 2) Wait for price to mitigate the zone 3) Sell anywhere in this range after or during zone mitigation. 4) Keep stop Wide to avoid getting stopped out. 5) Target the previous liquidity with minimum 3RR. 6) Look for opposite trade if zone fails to hold , with proper analysis Note : 1) This Indicator is made specifically for US30 and US100 (Indices) but can be used with other pairs as well (need back testing) 2) I would not recommend to place the trade right away as soon as signal appears , wait for liquidity to be taken out and place a trade after confirmation. 3) Trades can be placed below the zone as well but the probability of entry may decrease ,while increasing the accuracy. 4) Use timeframe <= 5 min to take entries. Trade scenarios Perfect trade : Price failed to hold, you got stopped out and market changes direction : Price respect zone in future:
Pine Script® indicator
by a_guy_from_wall_street
41
Encounters Pro - Free versionThe Encounters Pro indicator is a general-purpose tool to improve the capacity of forecasting future market price moves. This free version has one engine active and a second engine partially active between 15h and 17h UTC. This indicator does not provide buy, sell or hold signals ; instead, it helps to determine the future direction of prices . How to read it: The engines must be tracked from bottom to the top. Red color is bearish or descending and green color is bullish or ascending. The upper engine (line) is the one that represents the immediate price direction, take it into consideration. When two or more consecutive engines change, sequentially, from bottom to top, and they have, after this process, the same color, it may indicate that price is about to move in that direction. However, that is not enough, the trend must be already present or you must have a sound technical reason to validate the idea provided by the Encounters Pro indicator. There are four examples on the image above. Case 1 is a valid signal because the three upper engines changed from red to green, from bottom to top: firstly the third one, then the second one and, finally, the first one on top. Case 2 would not be a valid singnal considering that the third engine was red before the first one turned green. However, it was a valid bullish signal because the fourth level was green before the second and the first. Case 3 is not a valid signal because the first engine is green and the rest are red. Case 4 is not a valid signal because the sequence goes from top to bottom and it is mandatory that the sequence goes from the bottom or lower engines to the ones on top. Two engines switching color at the same time are valid. This is the only exception to the bottom to top rule. The engines The first one (the top one) leads the rest from the temporal perspective, but it is the weaker one. The sencond and rest of lines, to the bottom, reflect an increasing directional strength, and may represent deeper effects on market prices. You will have to carefully examine the chart, with historical data, and observe how price reacts as you spot different patterns among the engines of the Encounter Pro indicator. On the main image above, the green arrows show a clear bullish tendency upon London Markets open time, for instance. The slope and the engine position The lines should be considered in terms of their slope and position. An ascending line is a bullish strength signal, even if a red color temporarily appears, specially if above the middle level of the engine. When the lines are on top, it means the engine is gauging the maximum possible bullish pressure, but if the line were falling at the same time, above the middle level, the bullish implication of that engine would be significantly lower. Conversely, when lines are either stalling or close to the bottom, it is a signal of bearish increasing power.
Pine Script® indicator
by Trading_con_Gonzalo
1