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Function : Pivots High and Low WARNING: The toil of this script is not mine . In order to avoid disrespect for work, I deleted some extensions only pure pivots , that is, only the information this script needed. I liked the fact that high and low pivots were in one function. I found this command by chance on stackoverflow. I don't know the authors and the nicknames because they are the stackoverflow nicknames. I hope it will help your adaptive periods. Finally, the length of the pivot must be at least 3 to be available.If the author reaches me, I will give his/her Tradingview name as a reference.
Pine Script® indicator
by Noldo
10
CL_PHOrange line (OL) to be used with up trends and Red line (RL) to be used with down trends. When price and the OL increase together buy calls, reentry or additional buys made after price bounces off of RL. When price and the RL decrease together buy puts, reentry or additional buys made after price bounces off of OL. Another opportunity to buy more or reenter is after OL/RL is flat and price follows OL/RL again. Simplistic yet effective when combined with proper risk management.
Pine Script® indicator
by assets.ticker
[RD] LCS - line channels (basic) v3 - [republish]================================================================== July 18 2019 - LCS - line channels (basic) by RootDuk Version : v3 - read the notes ================================================================== Easy script to draw channels based on ie. GANN using the following input params - ibback : barsback to search for high and low - ffactor : factor to up/downscale the lines - oextend : extend lines, left, right, both, none - bshowline : show horizontal lines yes/no - bsshowdown : show diag down lines yes/no - bsshowup : show diag up lines yes/no - bshowindm : show index marker, where is you current ibback =================================================================== Notes =================================================================== When you use this code, pls let me know where and how you used it as iam always curious what some can do with it. Thanks! =================================================================== Updates =================================================================== v1 v2 - July 17 2019 - Removed support wallets from source code. I think the source - has been deleted because of this, find no other clue. v3 - July 18 2019 - Republish
Pine Script® indicator
by RootDuk
9
Triple Coppock CurveThe Coppock Curve is a zero-centered momentum oscillator that relies primarily on rate of change calculations. The Coppock Curve in its most basic form is already a great indicator, especially for spotting shifts in momentum. But, we wanted to see how we could modify it to get some better performance out of it. As the ‘cop’ function demonstrates, the Coppock Curve has a pretty simple calculation. The first step is to calculate the rate of change at a longer and shorter window length. Next, the sum of the two rate of change values is calculated and finally a weighted moving average of a user defined length is calculated(this is the Coppock Curve). The ‘cop()’ function set the foundation to allow us to implement our modifications. As you can see in the graph, there are 3 different lines (2 histogram and 1 normal line) comprising the Coppock values based on the rate of change of high, low, and closing prices. We liked this layout because it allows traders to easily identify the curve’s pivots and the balance of negative vs. positive momentum. The Coppock Curve based on high prices is plotted as the teal histogram, wile the pink histogram represents the Coppock Curve of low prices. The curve based on closing prices is the red and green alternating line plotted on top of the two histograms. We included some notes on the chart to help with interpreting the three curves. There are two common approaches traders can take when trading with the indicator: 1. Trade based on closing price curve: Go long when line changes from bearish(red) to bullish(green). Then, go short when same line changes from bullish to bearish. 2. Trade based on crossings of the zero-line. This could be based on the high, low, or closing price curves, but closing price is the safest bet. So, go long when it crosses from negative into positive territory and short when it crosses under the zero line from positive into negative territory.
Pine Script® indicator
by ProfitProgrammers
1
[RD] VLC - Variable Line Channels================================================================== July 7 2019 - VLC - Variable Line Channels © RootDuk ================================================================== Easy draw gann or fibb lines based on the variables you find in the input screen. Use the barsback input to define the highs and lows in a given amount of bars =================================================================== Updates =================================================================== V1: release =================================================================== Support appreciated, thanks (keeps me motivated :) =================================================================== BTC: 1C7sk3x8o2sX5eBV5HSz3KAgXJJ3FsF2Mo ETH: 0xa14f3059EcDAE4aEe2E17826033E1D2C7e83233e BNB: bnb1kwe3hqp4e8ch02ruhpclau4tvf0enzzh5tc2e3 ===================================================================
Pine Script® indicator
by RootDuk
9
Japanese Correlation CoefficientIntroduction This indicator was asked and named by a trading meetup participant in Sevilla. The original question was "How to estimate the correlation between the price and a line as easy as possible", a question who got little attention. I previously proposed a correlation estimate using a modification of the standard score (see at the end of the post) for the estimation of a Savitzky-Golay moving average (LSMA) of order 1, however something faster could maybe be done and this is why i accepted the challenge. Japanese Correlation Correlation is defined as the linear relationship between two variables x and y , if x and y follow the same direction then the correlation increase else decrease. The correlation coefficient is always equal or below 1 and equal or above -1, it also have to be taken into account that this coefficient is quite smooth. Smoothing is not a problem, scaling however require more attention, high price > closing price > low price, therefore scaling can be done. First we smooth the closing/high/low price with a simple moving average of period p/2 , then we take the difference of the smoothed close with the smoothed close p/2 bars back, this result is then divided by the difference between the highest smoothed high's with the lowest smoothed low's over period p/2 . Since we use information provided by candlesticks (close/high/low) i have been asked to publish this estimator with the name Japanese correlation coefficient , this name don't imply the use of data from Japanese markets, "Japanese" is used because of the candlestick method coming from Japan. Comparison I compare this estimation with the correlation coefficient provided in pinescript by the correlation function. The estimation in orange with the original correlation coefficient using n as independent variable in blue with both length = 50. comparison with length = 200. Conclusion I have shown that it is possible to roughly estimate the correlation coefficient between price and a linear function by using different price information. Correlation can be further estimated by using homogeneous bridge OHLC volatility estimators thus making able the use of different independent variables. I really hope you like this indicator and thanks to the meetup participant asking the question, i had a lot of fun making the indicator. An alternative method
Pine Script® indicator
by alexgrover