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Stochastic RibbonA series of highs and lows of different lengths to create a ribbon-like indicator to emulate the stochastic oscillator's top (100), middle (50) and bottom (0). Traders can determine the strength of the support and resistance by the number of converging lines, choose price points and visualise momentum waves. Inputs: Theme: multiple colours/themes (theme 2) Length: high/low length (14) Start: plot number to start ribbon on (1) PlotNumber: number of plots to show; maximum 10 per top, middle, bottom (10) Example: Length: 14 Start: 5 PlotNumber: 10
Pine Script® indicator
by Violent
4
Charles Recession WatchThe “Recession Watch” indicator tracks 7 key economic metrics which have historically preceded US recessions. It provides a real-time indication of incoming recession risk. This indicator gives a picture of when risk is increasing, and therefore when you might want to start taking some money out of risky assets. All of the last seven recessions were preceded by a risk score of 3 or higher. Six of them were preceded by a risk score of 4 or higher. Unfortunately data prior to 1965 was inconsistent and prior recessions could not be considered. Based on the indicator hit rate at successfully flagging recessions over the last 50 years, risk scores have the following approximate probabilities of recession: - 0-1: Low - 2: 25% within next 18 months - 3: 30% within next 12 months - 4-7: 50% within next 12 months Note that a score of 3 is not necessarily a cause for panic. After all, there are substantial rewards to be had in the lead up to recessions (averaging 19% following yield curve inversion). For the brave, staying invested until the score jumps to 4+, or until the S&P500 drops below the 200day MA, will likely yield the best returns. Notes on use: - use MONTHLY time period only (the economic metrics are reported monthly) - If you want to view the risk Score (1-7) you need to set your chart axis to "Logarithmic" Enjoy and good luck!
Pine Script® indicator
by capriole_charles
2
Moving High & Low (2 Time Frames)=========== Moving High & Low (2 Time Frames) =========== A simple line set indicator displaying the highs and lows of the previous selected timeframe upon a lower timeframe chart (2 line sets available). e.g. Displaying the Highs & Lows of the last week and/or month on the 1D chart ----------- Useful for 2 very different approaches to trading markets - Finding Breakout Points: For example - When candlestick closes above or below highs from previous week/month it may be a good time to go long as if the trend continues it may well go on for a long time making lots of pips along the way! Finding SAR points within a range: For example - When price starts ranging within horizontal line sets that aren't moving either way too much it may be a good idea to place long/short orders at appropriate key levels dictated by these range extremities, anticipating the price to reach these levels and deflect (Stop & Reverse) back the other way. Either way we would recommend you NOT use this indicator alone, this is very much a confirmation tool or as an aid to find key levels of support/resistance. Good Luck and Happy Trading!
Pine Script® indicator
by theCrypster
Custom Time ranges. Daily price ranges.Addition to previous time range script, now containing daily ranges. You can select a day of the week, and have it show the high, low, mid, and open of that day. For the time bands: Monday = 2 Tuesday = 3 Wednesday = 4 Thursday = 5 Friday = 6 Saturday = 7 Sunday = 1 Example 1: 1500-1800:2 This will colour the background between 3pm and 6pm on Mondays. Example 2: 0000-0600:247 This will colour the background between midnight and 6am on Mondays, Wednesdays, and Saturdays. For the Daily price ranges: Just select the tick-box forthe day, and then the price levels you'd like to see. I want to add specific weekly levels to this, for example: week 06 of year 2020, but I've not figured out how to do it yet. If anyone knows, I'd appreciate it if you let me know. I'll then update this script. As always, any questions you may have, please leave in comments below and I'll respond when I have time. If you notice anything good with this indicator, let me know. We are all in this to make money after all! ;)
Pine Script® indicator
by Plumptoiletduck
18
ANN Next Coming Candlestick Forecast SPX 1D v1.0WARNING: Experimental and incomplete. Script is open to development and will be developed. This is just version 1.0 STRUCTURE This script is trained according to the open, close, high and low values ​​of the bars. It is tried to predict the future values ​​of opening, closing, high and low values. A few simple codes were used to correlate expectation with current values. (You can see between line 129 - 159 ) Therefore, they are all individually trained. You can see in functions. The average training error of each variable is less than 0.011. NOTE : This script is designed for experimental use on S & P 500 and connected instruments only on 1-day bars. The Plotcandle function is inspired by the following script of alexgrover : Since we estimate the next values, our error rates should be much lower for all candlestick values. This is just first version to show logic. I will continue to look for other variables to reach average error = 0.001 - 0.005 for each candlestick status. Feel free to use and improve , this is open-source. Best regards.
Pine Script® indicator
by Noldo
5
[PX] M/W/D LevelHey guys, this script shows monthly, weekly and daily OHLC data represented as horizontal level. I tried to make it as user-friendly as possible. Therefore, you can add different colors and styles for each level, as well as turn them on and off. With the "Label Offset" -parameter you are in control where the label text should appear. You can shift it from left to right and vice-versa. To shift it to the left choose a negative value. To shift it to the right use a positive one. This best setting for me personally is the "Candle Selection" -dropdown. This allows you to decide wether you want to show the previous candles OHLC-data or the current live OHLC-data. !!CAUTION!! If you use the "Current Month/Week/Day" -selection be aware that values shown are "live"-data of the current candle. Therefore, values will change the same way your chart keeps changing on live data. The "Previous Month/Week/Day" -selection on the other hand is historical data and therefore only changes once we reached a new month/week/day. If you like my work, consider leaving a like :) Happy trading!
Pine Script® indicator
by paaax
17
MACD Divergence Tops + BottomsMACD Indicator which plots local peaks and troughs in divergence. "Classic" Divergence is specified as: - A higher price, with reduced MACD high --> Potential Sell Point - A lower price, with higher MACD low --> Potential Buy Point "Alternative" Divergence is specified as: - A higher MACD high, with reduced price --> Potential Sell Point - A lower MACD low, with higher price --> Potential Buy Point MACD Divergence should be used in combination with other indicators. This indicator identifies local tops and bottoms, with potential for macro trend shifts.
Pine Script® indicator
by capriole_charles
4
HiLoMAHiLoMA (High/Low Moving Average) was designed specifically for calculating moving average boundries similar to  Bollinger Bands, but is derived from the highest and lowest prices of an asset, not just the closing price. The timeframe is configurable and the study displays arrows where buys (below) and sells (above) should take place. On exchanges with low or discounted fees, the study does excessively well at scalping. Backtesting, in general, shows this study to be very robust in any market conditions. The alert conditions are clearly identified as BUY ASSET and SELL ASSET for automated trading. Buys only occur when the entire spread is below the momentum line. Sells only take place when the entire spread is above the momentum line. When the momentum line cuts through the spread, any potentional buys/sells are ignored as these are considered weak. Be sure your calculate your momentum on the basis of your candlestick timeframe. If you are using 3 minutes candlesticks and you want a 24 hour momentum, you need to set your momentum to 480. This holds true for all timeframes. Sep 24 Release Notes: Seperated buys/sells where spread crosses momentum. Cyan (lighter blue) arrows are buy/sell signals that disregard momentum. Buys/Sells that honour momentum are now labeled MOMBUY ASSET and MOMSELL ASSET. Buys/Sells that disregard momentum are now BUY ASSET and SELL ASSET accordingly. Oct 4 Release Notes: Momentum is now a band with an upper and lower boundry. Buys and sells must now be completely above the band or below the band respectively. The effect is to produce stronger signals for momentum precomditional trades.
Pine Script® indicator
by RobertD7723