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Multi-Asset Cross Timeframe Divergence Ind. (MACDI) // AlgoFyreThe Multi-Asset Cross Timeframe Divergence Indicator (MACDI) identifies divergences in momentum like RSI across multiple assets and timeframes. It visually highlights lagging correlated asset momentum divergences, helping traders spot inefficiencies and potential trade opportunities in the following asset. 🔶 KEY FEATURES 🔸Average Momentum Trendline for Each Timeframe The Average Momentum Trendline feature calculates the average momentum of multiple assets over specified timeframes. It uses smoothed values to determine the momentum trend for each timeframe on the average aggregated momentum of both assets. This trendline helps traders identify the overall direction of the market momentum, providing a clearer picture of potential price movements. 🔸Real-time Divergence Indication and Alert Table The Real-time Divergence Indications and Alert Table feature visualizes detected divergences between the momentum values of the two assets across different timeframes. It identifies both bullish and bearish divergences, signaling lagging reversals in the the following asset and potential trading opportunities. When a divergence is detected, the system generates real-time visual indications on the chart and in an overview table for traders to act promptly. The alert table provides a comprehensive overview of all detected divergences, making it easier for traders to monitor and respond to market changes. 🔸Color and Size Based Labels on Price Chart based on Divergence Type The Color and Size Based Labels feature visually represents divergences directly on the price chart. Bullish and bearish divergences are marked with distinct colors and sizes, making them easily identifiable at a glance. Larger labels indicate higher timeframes and thus generally more significance. 🔶 INSTRUCTION GUIDELINES 🔸Identify Divergence Clusters The more divergences align, the higher the probability of a potential trend reversal in the asset. When multiple multi-timeframe divergences occur in both lower and higher timeframes within a local cluster, the probability of a reversal increases. This is valid for both for bullish and bearish divergences. 🔸Spot Low Probability Divergences To further increase the probability, analyze the current state of the average momentum trendline. For a bullish reversal, a relatively low level of the average momentum trendline is preferred, whereas for a bearish reversal, a relatively high level is preferred. 🔶 INDIVIDUAL CONFIGURATION 🔸Leading Asset This input allows the user to select the leading asset for the divergence analysis. 🔸Following Asset This input allows the user to select the following asset for the divergence analysis. 🔸Higher Timeframe This input sets the higher timeframe for the analysis. 🔸Lower Timeframe This input sets the lower timeframe for the analysis. 🔸Show RSI Divergence This input enables or disables the display of RSI divergence signals. 🔸RSI Length This input sets the length of the RSI calculation. 🔸RSI Source This input sets the source data for the RSI calculation (e.g., close price). 🔸RSI Smoothing Length This input sets the length of the smoothing applied to the RSI values. 🔸Smoothing Method This input sets the method used for smoothing the RSI values. 🔶 CONCLUSION The Multi-Asset Cross Timeframe Divergence Indicator (MACDI) is a powerful tool for identifying momentum divergences across multiple assets and timeframes. Its visual cues and customizable table make it easy to use and interpret, providing valuable insights for trading decisions.
Pine Script® indicator
by AlgoFyre
1
Custom EMA Multi-Timeframe Indicator [Pineify] This innovative indicator combines Exponential Moving Averages (EMAs) across multiple timeframes to provide traders with a comprehensive view of market trends and potential trading opportunities. By analyzing short, medium, and long-term EMAs simultaneously, this indicator offers valuable insights into market dynamics and helps identify high-probability entry and exit points. Key Features Multi-timeframe analysis using customizable EMAs Visual representation of trend alignment across different timeframes Customizable EMA lengths and sources for each timeframe Buy and sell signals based on EMA crossovers Alert functionality for real-time trade notifications How It Works The Custom EMA Multi-Timeframe Indicator calculates three separate EMAs: 1. Short-term EMA: Represents immediate market sentiment 2. Medium-term EMA: Captures intermediate trend direction 3. Long-term EMA: Reflects the overall market trend These EMAs are plotted on the chart using different colors for easy identification. The indicator generates buy and sell signals based on the relative positions of these EMAs, providing traders with clear visual cues for potential trade entries and exits. Trading Ideas and Insights This indicator offers several powerful trading concepts: Trend Alignment: When all three EMAs are aligned (short above medium above long), it indicates a strong trend. Traders can look for pullbacks to enter in the direction of the trend. Trend Reversal: When the short-term EMA crosses above or below both the medium and long-term EMAs, it may signal a potential trend reversal. This can be used to exit existing positions or enter new trades in the opposite direction. Range-bound Markets: When the EMAs are tightly grouped together, it suggests a consolidation phase. Traders can wait for a breakout or use range-trading strategies. Momentum Confirmation: The speed at which the short-term EMA diverges from or converges with the longer-term EMAs can indicate the strength of the current move. Unique Aspects What sets this indicator apart is its ability to synthesize information from multiple timeframes into a single, easy-to-interpret visual display. Unlike traditional single-timeframe EMAs, this indicator provides a more holistic view of market trends, reducing false signals and improving trade timing. The customizable nature of the indicator allows traders to adapt it to various trading styles and market conditions. By adjusting the EMA lengths and sources, traders can fine-tune the indicator to their specific needs and preferences. How to Use 1. Apply the indicator to your chart 2. Customize the timeframes and EMA settings as desired 3. Look for buy signals when the short and medium EMAs cross above the long EMA 4. Look for sell signals when the short and medium EMAs cross below the long EMA 5. Use the relative positions of the EMAs to gauge overall trend strength and direction 6. Combine with other technical analysis tools for confirmation Customization The indicator offers extensive customization options: Short, medium, and long timeframes can be adjusted EMA lengths for each timeframe are customizable EMA source (close, open, high, low, etc.) can be selected for each timeframe Colors and line styles can be modified to suit personal preferences Alert settings can be configured for automated trade notifications Conclusion The Custom EMA Multi-Timeframe Indicator is a powerful tool for traders seeking to gain a comprehensive understanding of market trends across different time horizons. By combining multiple EMAs and timeframes, it provides a unique perspective on market dynamics, helping traders make more informed decisions and potentially improve their trading results. Whether you're a day trader looking for short-term opportunities or a swing trader focusing on longer-term trends, this indicator offers valuable insights that can enhance your trading strategy. Its flexibility and customization options make it suitable for a wide range of trading styles and market conditions. Remember: While this indicator can be a valuable tool in your trading arsenal, it should not be used in isolation. Always combine it with other forms
Pine Script® indicator
by Pineify
3
Multi-Timeframe EMA Distance & % Change TableDescription of Multi-Timeframe EMA Distance & % Change Table The Multi-Timeframe EMA Distance & % Change Table indicator is designed to display the distance and percentage change between the current price and the Exponential Moving Averages (EMAs) on multiple timeframes. It creates a table to show these values, with customizable options for decimal precision . Key Features: Inputs: - Timeframes (tf1, tf2, tf3, tf4): User-defined timeframes for EMA calculations (e.g., 1 minute, 15 minutes, daily, etc.). - EMA Levels (emaLevel, emaLevel2, emaLevel3): User-defined periods for three different EMAs. EMA Calculations: - Computes EMAs for the specified levels (50, 100, 200) on each of the user-selected timeframes. Plotting: - Plots the EMAs on the chart with distinct colors: Orange, Teal, and Green for different EMAs. Display Options: - Checkbox (displayAsPercentage): Allows the user to toggle between displaying distances or percentage changes. - Decimal Precision: - decimalPlacesDistance: Specifies the number of decimal places for rounded distance values. - decimalPlacesPercentage: Specifies the number of decimal places for rounded percentage values. Table Creation: - Location: Table is placed in the top-right corner of the chart. - Headers: Includes columns for each timeframe and EMA distance/percentage. Distance and Percentage Calculations: - Distances: Calculated as the difference between the current price and the EMA values for each timeframe. - Percentages: Calculated as the distance divided by the EMA value, converted to a percentage. Decimal Rounding: - Custom Rounding Function: Ensures that distance and percentage values are displayed with the user-specified number of decimal places. Color Coding: - Distance Values: Colored green if positive, red if negative. - Table Entries: Display either the rounded distance or percentage, based on user selection. Table Update: - The table is dynamically updated with either distance or percentage values based on the user's choice and rounded to the specified number of decimal places. This indicator provides a comprehensive overview of EMA distances and percentage changes across multiple timeframes, with detailed control over the precision of the displayed values.
Pine Script® indicator
by Kokoabe
Higher Time Frame(HTF)The Higher Time Frame (HTF) will be displayed in a box. You can choose HTF periods from: 15min, 30min, 1hour, 2hour, 3hour, 4hour, 6hour, 8hour, 12hour, 1day, 1week, 2week, 4week, 1month, 2month, 3month, 4month, 6month, and 1year. An error will occur if you set a period longer than the current candlestick period being displayed. The HTF Box can display a maximum of 500 boxes. There is no guarantee that all combinations of periods will work correctly. ---- 上位足(Higher Time Frame, HTF) をボックスで表示します。 上位足の期間は、15分 30分 1時間 2時間 3時間 4時間 6時間 8時間 12時間 1日 1週 2週 4週 1月 2月 3月 4月 6月 1年から選べます。 表示しているローソク足の期間より長い期間を設定しないとエラーとなります。 上位足ボックスは最大500個表示することができます。 全ての期間の組み合わせで正しく動くことを保証するものではありません。
Pine Script® indicator
by Aki_Pine1024
8
Custom Supertrend Multi-Timeframe Indicator [Pineify]Supertrend Multi-Timeframe Indicator Introduction The Supertrend Multi-Timeframe Indicator is an advanced trading tool designed to help traders identify trend directions and potential buy/sell signals by combining Supertrend indicators from multiple timeframes. This script is original in its approach to integrating Supertrend calculations across different timeframes, providing a more comprehensive view of market trends. Concepts and Calculations The indicator utilizes the Supertrend algorithm, which is based on the Average True Range (ATR). The Supertrend is a popular tool for trend-following strategies, and this script enhances its capabilities by incorporating data from a larger timeframe. Supertrend Factor: Determines the sensitivity of the Supertrend line. ATR Length: Defines the period for calculating the Average True Range. Larger Supertrend Factor and ATR Length: Applied to the larger timeframe for a broader trend perspective. Larger Timeframe: The higher timeframe from which the secondary Supertrend data is sourced. How It Works The script calculates the Supertrend for the current timeframe using the specified factor and ATR length. Simultaneously, it requests Supertrend data from a larger timeframe. Buy and sell signals are generated based on crossovers and crossunders of the Supertrend lines from both timeframes. Visual cues (up and down arrows) are plotted on the chart to indicate buy and sell signals. Background colors change to reflect the trend direction: green for an uptrend and red for a downtrend. Usage Add the indicator to your TradingView chart. Customize the Supertrend factors, ATR lengths, and larger timeframe according to your trading strategy. Enable or disable buy and sell alerts as needed. Monitor the chart for visual signals and background color changes to make informed trading decisions. Note: The indicator is best used in conjunction with other technical analysis tools and should not be relied upon as the sole basis for trading decisions. Conclusion The Supertrend Multi-Timeframe Indicator offers a unique and powerful way to analyze market trends by leveraging the strengths of the Supertrend algorithm across multiple timeframes. Its customizable settings and clear visual signals make it a valuable addition to any trader's toolkit.
Pine Script® indicator
by Pineify
3
Six PillarsGeneral Overview The "Six Pillars" indicator is a comprehensive trading tool that combines six different technical analysis methods to provide a holistic view of market conditions. These six pillars are: Trend Momentum Directional Movement (DM) Stochastic Fractal On-Balance Volume (OBV) The indicator calculates the state of each pillar and presents them in an easy-to-read table format. It also compares the current timeframe with a user-defined comparison timeframe to offer a multi-timeframe analysis. A key feature of this indicator is the Confluence Strength meter. This unique metric quantifies the overall agreement between the six pillars across both timeframes, providing a score out of 100. A higher score indicates stronger agreement among the pillars, suggesting a more reliable trading signal. I also included a visual cue in the form of candle coloring. When all six pillars agree on a bullish or bearish direction, the candle is colored green or red, respectively. This feature allows traders to quickly identify potential high-probability trade setups. The Six Pillars indicator is designed to work across multiple timeframes, offering a comparison between the current timeframe and a user-defined comparison timeframe. This multi-timeframe analysis provides traders with a more comprehensive understanding of market dynamics. Origin and Inspiration The Six Pillars indicator was inspired by the work of Dr. Barry Burns, author of "Trend Trading for Dummies" and his concept of "5 energies." (Trend, Momentum, Cycle, Support/Resistance, Scale) I was intrigued by Dr. Burns' approach to analyzing market dynamics and decided to put my own twist upon his ideas. Comparing the Six Pillars to Dr. Burns' 5 energies, you'll notice I kept Trend and Momentum, but I swapped out Cycle, Support/Resistance, and Scale for Directional Movement, Stochastic, Fractal, and On-Balance Volume. These changes give you a more dynamic view of market strength, potential reversals, and volume confirmation all in one package. What Makes This Indicator Unique The standout feature of the Six Pillars indicator is its Confluence Strength meter. This feature calculates the overall agreement between the six pillars, providing traders with a clear, numerical representation of signal strength. The strength is calculated by considering the state of each pillar in both the current and comparison timeframes, resulting in a score out of 100. Here's how it calculates the strength: It considers the state of each pillar in both the current timeframe and the comparison timeframe. For each pillar, the absolute value of its state is taken. This means that both strongly bullish (2) and strongly bearish (-2) states contribute equally to the strength. The absolute values for all six pillars are summed up for both timeframes, resulting in two sums: current_sum and alternate_sum. These sums are then added together to get a total_sum. The total_sum is divided by 24 (the maximum possible sum if all pillars were at their strongest states in both timeframes) and multiplied by 100 to get a percentage. The result is rounded to the nearest integer and capped at a minimum of 1. This calculation method ensures that the Confluence Strength meter takes into account not only the current timeframe but also the comparison timeframe, providing a more robust measure of overall market sentiment. The resulting score, ranging from 1 to 100, gives traders a clear and intuitive measure of how strongly the pillars agree, with higher scores indicating stronger potential signals. This approach to measuring signal strength is unique in that it doesn't just rely on a single aspect of price action or volume. Instead, it takes into account multiple factors, providing a more robust and reliable indication of potential market moves. The higher the Confluence Strength score, the more confident traders can be in the signal. The Confluence Strength meter helps traders in several ways: It provides a quick and easy way to gauge the overall market sentiment. It helps prioritize potential trades by identifying the strongest signals. It can be used as a filter to avoid weaker setups and focus on high-probability trades. It offers an additional layer of confirmation for other trading strategies or indicators. By combining the Six Pillars analysis with the Confluence Strength meter, I've created a powerful tool that not only identifies potential trading opportunities but also quantifies their strength, giving traders a significant edge in their decision-making process. How the Pillars Work (What Determines Bullish or Bearish) While developing this indicator, I selected and configured six key components that work together to provide a comprehensive view of market conditions. Each pillar is set up to complement the others, creating a synergistic effect that offers traders a more nuanced understanding of price action and volume. Trend Pillar: Based on two Exponential Moving Averages (EMAs) - a fast EMA (8 period) and a slow EMA (21 period). It determines the trend by comparing these EMAs, with stronger trends indicated when the fast EMA is significantly above or below the slow EMA. Directional Movement (DM) Pillar: Utilizes the Average Directional Index (ADX) with a default period of 14. It measures trend strength, with values above 25 indicating a strong trend. It also considers the Positive and Negative Directional Indicators (DI+ and DI-) to determine trend direction. Momentum Pillar: Uses the Moving Average Convergence Divergence (MACD) with customizable fast (12), slow (26), and signal (9) lengths. It compares the MACD line to the signal line to determine momentum strength and direction. Stochastic Pillar: Employs the Stochastic oscillator with a default period of 13. It identifies overbought conditions (above 80) and oversold conditions (below 20), with intermediate zones between 60-80 and 20-40. Fractal Pillar: Uses Williams' Fractal indicator with a default period of 3. It identifies potential reversal points by looking for specific high and low patterns over the given period. On-Balance Volume (OBV) Pillar: Incorporates On-Balance Volume with three EMAs - short (3), medium (13), and long (21) periods. It assesses volume trends by comparing these EMAs. Each pillar outputs a state ranging from -2 (strongly bearish) to 2 (strongly bullish), with 0 indicating a neutral state. This standardized output allows for easy comparison and aggregation of signals across all pillars. Users can customize various parameters for each pillar, allowing them to fine-tune the indicator to their specific trading style and market conditions. The multi-timeframe comparison feature also allows users to compare pillar states between the current timeframe and a user-defined comparison timeframe, providing additional context for decision-making. Design From a design standpoint, I've put considerable effort into making the Six Pillars indicator visually appealing and user-friendly. The clean and minimalistic design is a key feature that sets this indicator apart. I've implemented a sleek table layout that displays all the essential information in a compact and organized manner. The use of a dark background (#030712) for the table creates a sleek look that's easy on the eyes, especially during extended trading sessions. The overall design philosophy focuses on presenting complex information in a simple, intuitive format, allowing traders to make informed decisions quickly and efficiently. The color scheme is carefully chosen to provide clear visual cues: White text for headers ensures readability Green (#22C55E) for bullish signals Blue (#3B82F6) for neutral states Red (#EF4444) for bearish signals This color coding extends to the candle coloring, making it easy to spot when all pillars agree on a bullish or bearish outlook. I've also incorporated intuitive symbols (↑↑, ↑, →, ↓, ↓↓) to represent the different states of each pillar, allowing for quick interpretation at a glance. The table layout is thoughtfully organized, with clear sections for the current and comparison timeframes. The Confluence Strength meter is prominently displayed, providing traders with an immediate sense of signal strength. To enhance usability, I've added tooltips to various elements, offering additional information and explanations when users hover over different parts of the indicator. How to Use This Indicator The Six Pillars indicator is a versatile tool that can be used for various trading strategies. Here are some general usage guidelines and specific scenarios: General Usage Guidelines: Pay attention to the Confluence Strength meter. Higher values indicate stronger agreement among the pillars and potentially more reliable signals. Use the multi-timeframe comparison to confirm signals across different time horizons. Look for alignment between the current timeframe and comparison timeframe pillars for stronger signals. One of the strengths of this indicator is it can let you know when markets are sideways – so in general you can know to avoid entering when the Confluence Strength is low, indicating disagreement among the pillars. Customization Options The Six Pillars indicator offers a wide range of customization options, allowing traders to tailor the tool to their specific needs and trading style. Here are the key customizable elements: Comparison Timeframe: Users can select any timeframe for comparison with the current timeframe, providing flexibility in multi-timeframe analysis. Trend Pillar: Fast EMA Period: Adjustable for quicker or slower trend identification Slow EMA Period: Can be modified to capture longer-term trends Momentum Pillar: MACD Fast Length MACD Slow Length MACD Signal Length These can be adjusted to fine-tune momentum sensitivity DM Pillar: ADX Period: Customizable to change the lookback period for trend strength measurement ADX Threshold: Adjustable to define what constitutes a strong trend Stochastic Pillar: Stochastic Period: Can be modified to change the sensitivity of overbought/oversold readings Fractal Pillar: Fractal Period: Adjustable to identify potential reversal points over different timeframes OBV Pillar: Short OBV EMA Medium OBV EMA Long OBV EMA These periods can be customized to analyze volume trends over different timeframes These customization options allow traders to experiment with different settings to find the optimal configuration for their trading strategy and market conditions. The flexibility of the Six Pillars indicator makes it adaptable to various trading styles and market environments.
Pine Script® indicator
by smraikai
6
TechniTrend RSI (11TF)Multi-Timeframe RSI Indicator Overview The Multi-Timeframe RSI Indicator is a sophisticated tool designed to provide comprehensive insights into the Relative Strength Index (RSI) across 11 different timeframes simultaneously. This indicator is essential for traders who wish to monitor RSI trends and their moving averages (MA) to make informed trading decisions. Features Multiple Timeframes: Displays RSI and RSI MA values for 11 different timeframes, allowing traders to have a holistic view of the market conditions. RSI vs. MA Comparison: Indicates whether the RSI value is above or below its moving average for each timeframe, helping traders to identify bullish or bearish momentum. Overbought/Oversold Signals: Marks "OS" (OverSell) when RSI falls below 25, indicating a potential oversold condition. Marks "OB" (OverBuy) when RSI exceeds 75, signaling a potential overbought condition. Real-Time Updates: Continuously updates in real-time to provide the most current market information. Usage This indicator is invaluable for traders who utilize RSI as part of their technical analysis strategy. By monitoring multiple timeframes, traders can: Identify key overbought and oversold levels to make entry and exit decisions. Observe the momentum shifts indicated by RSI crossing above or below its moving average. Enhance their trading strategy by integrating multi-timeframe analysis for better accuracy and confirmation. How to Interpret the Indicator RSI Above MA: Indicates a potential bullish trend. Traders may consider looking for long positions. RSI Below MA: Suggests a potential bearish trend. Traders may look for short positions. OS (OverSell): When RSI < 25, the market may be oversold, presenting potential buying opportunities. OB (OverBuy): When RSI > 75, the market may be overbought, indicating potential selling opportunities.
Pine Script® indicator
by itsKraken
1
MTF WaveTrend [CryptoSea]The MTF WaveTrend Indicator is a sophisticated tool designed to enhance market analysis through multi-timeframe WaveTrend calculations. This tool is built for traders who seek to identify market momentum and potential reversals with higher accuracy. In the example below, we can see all the choosen timeframes agree on bearish momentum. Key Features Multi-Timeframe WaveTrend Analysis: Tracks WaveTrend values across multiple timeframes to provide a comprehensive view of market momentum. Customizable Colour Rules: Offers three different colour rules (Traditional, WT1 0 Rule, WT1 & WT2 0 Rule) to suit various trading strategies. Timeframe Visibility Control: Allows users to enable or disable specific timeframes, providing flexibility in analysis. Clear Visual Indicators: Uses color-coded squares and labels to clearly display WaveTrend status across different timeframes. Candle Colouring Option: Includes a setting for neutral candle coloring to enhance chart readability. This example shows what can happen when all timeframes start alligning with eachother. How it Works WaveTrend Calculation: Computes the WaveTrend oscillator by applying a series of exponential moving averages and scaling calculations. Multi-Timeframe Data Aggregation: Utilizes the `request.security` function to gather and display WaveTrend values from various timeframes without repainting issues. Conditional Plotting: Displays visual cues only when higher timeframes align with the selected timeframe, ensuring relevant and reliable signals. Dynamic Colour Rules: Adjusts the indicator colors based on the chosen rule, whether it's a traditional crossover, WT1 crossing zero, or both WT1 & WT2 crossing zero. Traditional: Colors are determined by the relationship between WT1 and WT2. If WT1 is greater than WT2, it is bullish (bullColour), otherwise bearish (bearColour). WT1 0 Rule: Colors are based on whether WT1 is above or below zero. WT1 above zero is bullish (bullColour), below zero is bearish (bearColour). WT1 & WT2 0 Rule: A more complex rule where both WT1 and WT2 need to be above zero for a bullish signal (bullColour) or both below zero for a bearish signal (bearColour). If WT1 and WT2 are not in agreement, a neutral color (neutralColour) is displayed. This indicator will make sure that the lowest timeframe you can see data from will be the timeframe you are on. This is to avoid false signals as you cannot display 3 x 5 minute candles whilst looking at the 15 minute candle. Application Strategic Decision-Making: Assists traders in making informed decisions by providing detailed analysis of WaveTrend movements across different timeframes. Trend Confirmation: Reinforces trading strategies by confirming potential reversals with multi-timeframe WaveTrend analysis. Customized Analysis: Adapts to various trading styles with extensive input settings that control the display and sensitivity of WaveTrend data. The MTF WaveTrend Indicator by is an invaluable addition to a trader's toolkit, offering depth and precision in market trend analysis to navigate complex market conditions effectively.
Pine Script® indicator
by CryptoSeaTV
Lower Timeframe Volume BarsDescription: The Lower Timeframe Volume Bars indicator enhances your TradingView experience by allowing you to visualize volume data from lower timeframes on your current chart. This powerful tool helps you gain deeper insights into volume trends and activity that are not immediately visible on higher timeframe charts. Specifically, it shows the volume data from the last bar of the selected lower timeframe. Key Features: Volume Bars from Lower Timeframes: Display volume data from 1-minute or 1-second timeframes directly on higher timeframe charts, such as 15 minutes or 1 hour. Each volume bar represents the aggregated volume from the lower timeframe within the selected higher timeframe period. Enhanced Volume Analysis: Gain a more detailed understanding of volume spikes and troughs that may be hidden in higher timeframe charts. Identify potential market turning points and confirm trends with precise volume data. Customizable Display: Adjust the appearance of volume bars to fit your chart style and preferences. Configure settings such as color, size, and positioning of volume bars for optimal visibility and clarity. Seamless Integration: Easily add the indicator to any chart in TradingView with a few clicks. Works in conjunction with other technical indicators and tools to provide a comprehensive analysis environment. How to Use: Add the Lower Timeframe Volume Bars indicator to your chart. Select the lower timeframe you wish to fetch volume data from (e.g., 1-minute or 1-second). Customize the display settings to match your charting style. Observe the volume bars overlaying your current chart to analyze volume activity across different timeframes, specifically showing the last bar's volume. Use the detailed volume information to make informed trading decisions and enhance your market analysis. Benefits: Increased Clarity: See detailed volume activity that is often lost in higher timeframe aggregation. Better Decision Making: Make more informed trading decisions with a clear view of volume trends and spikes. Improved Trend Confirmation: Use lower timeframe volume data to confirm the strength and sustainability of market trends. Enhance your trading strategy and gain a deeper understanding of market dynamics with the Lower Timeframe Volume Bars indicator. Visualize, analyze, and trade with confidence by leveraging detailed volume insights from lower timeframes.
Pine Script® indicator
by GrandAlgo
1
TMB LevelsDescription: Improved "Hourly Midline" indicator. It displays high, middle and low levels of every candle with specified timeframe (can be hourly, daily, or any other timeframe). You can change the source for the levels (either high and low of candle, or open and close of candle). Additionally, you can turn on the "Line chart", which essentially connects every midline, making a line chart of middle prices. Parameters: - Timeframe -> use data from this timeframe ("30" would mean 30 minutes, "60" would mean 1 hour, etc.) - Source -> source for calculating the middle level - Top -> parameters of the top level lines - Middle -> parameters of the middle level lines - Bottom -> parameters of the bottom level lines - Line chart -> connect every midline, making a line chart
Pine Script® indicator
by sabricat
5
Multi Timeframe RSI Buy Sell Strategy [TradeDots]The "Multi Timeframe RSI Buy/Sell Strategy" is a trading strategy that utilizes Relative Strength Index (RSI) indicators from multiple timeframes to provide buy and sell signals. This strategy allows for extensive customization, supporting up to three distinct RSIs, each configurable with its own timeframe, length, and data source. HOW DOES IT WORK This strategy integrates up to three RSIs, each selectable from different timeframes and customizable in terms of length and source. Users have the flexibility to define the number of active RSIs. These selections visualize as plotted lines on the chart, enhancing interpretability. Users can also manage the moving average of the selected RSI lines. When multiple RSIs are active, the moving average is calculated based on these active lines' average value. The color intensity of the moving average line changes as it approaches predefined buying or selling thresholds, alerting users to potential signal generation. A buy or sell signal is generated when all active RSI lines simultaneously cross their respective threshold lines. Concurrently, a label will appear on the chart to signify the order placement. For those preferring not to display order information or activate the strategy, an "Enable backtest" option is provided in the settings for toggling activation. APPLICATION The strategy leverages multiple RSIs to detect extreme market conditions across various timeframes without the need for manual timeframe switching. This feature is invaluable for identifying divergences across timeframes, such as detecting potential short-term reversals within broader trends, thereby aiding traders in making better trading decisions and potentially avoiding losses. DEFAULT SETUP Commission: 0.01% Initial Capital: $10,000 Equity per Trade: 60% RISK DISCLAIMER Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results. TradeDots Stochastic Z-Score
Pine Script® strategy
by tradedots
9
Price alert multi symbols (Miu)This indicator won't plot anything to the chart. Please follow steps below to set your alarms based on multiple symbols' prices: 1) Add indicator to the chart 2) Go to settings 3) Check symbols you want to receive alerts (choose up to 8 different symbols) 4) Set price for each symbol 5) Once all is set go back to the chart and click on 3 dots to set alert in this indicator, rename your alert and confirm 6) You can remove indicator after alert is set and it'll keep working as expected What does this indicator do? This indicator will generate alerts based on following conditions: - If price set is met for any symbol Once condition is met it will send an alert with the following information: - Symbol name (e.g: BTC, ETH, LTC) - Price reached This script requests current price for each symbol through request.security() built-in function. It also requests amount of digits (mintick) for each symbol to send alerts with correct value. This script was developed to attend a demand from a comment in other published script. Feel free to give feedbacks on comments section below. Enjoy!
Pine Script® indicator
by fabianomiu
19
Fibonacci Timeframe Adaptive EMAThe "Fibonacci Timeframe Adaptive EMA" is a sophisticated trading indicator designed for the TradingView platform, leveraging the power of Exponential Moving Averages (EMAs) determined by Fibonacci sequence lengths to provide traders with dynamic market insights. This indicator overlays directly on the price chart, offering a unique blend of trend analysis, smoothing techniques, and timeframe adaptability, making it an invaluable tool for traders looking to enhance their technical analysis strategy. Key Features 1. Fibonacci-Based EMA Lengths: Utilizes the Fibonacci sequence to select EMA lengths, incorporating natural mathematical ratios believed to be significant in financial markets. The available lengths range from 1 to 987, allowing for detailed trend analysis over various periods. 2. Multiple Smoothing Methods: Offers the choice between several smoothing techniques, including Simple Moving Average (SMA), Exponential Moving Average (EMA), Smoothed Moving Average (SMMA or RMA), Weighted Moving Average (WMA), and Volume Weighted Moving Average (VWMA). This versatility ensures that users can tailor the indicator to suit their analytical preferences. 3. Timeframe Adaptability: Features the ability to fetch and calculate EMAs from different timeframes, providing a multi-timeframe analysis within a single chart view. This adaptability gives traders a broader perspective on market trends, enabling more informed decision-making. 4. Dynamic Visualization Options: Traders can customize the display to suit their analysis needs, including toggling the visibility of Fibonacci EMA lines, EMA prices, and smoothed EMA lines. Additionally, forecast lines can be projected into the future, offering speculative insights based on current trends. 5. Ema Tail Visualization: An innovative feature allowing for the visualization of the 'tail' or the continuation of EMA lines, which can be particularly useful for identifying trend persistence or reversal points. 6. User-friendly Customization: Through a series of input options, traders can easily adjust the source data, Fibonacci lengths, smoothing method, and visual aspects such as line colors and transparency, ensuring a seamless integration into any trading strategy. Application and Use Cases The "Fibonacci Timeframe Adaptive EMA" indicator is designed for traders who appreciate the significance of Fibonacci numbers in market analysis and seek a flexible tool to analyze trends across different timeframes. Whether it's for scalping, day trading, or long-term investing, this indicator can provide valuable insights into price dynamics, trend strengths, and potential reversal points. Its adaptability makes it suitable for various asset classes, including stocks, forex, commodities, and cryptocurrencies.
Pine Script® indicator
by gggoaaat
1
EMA Cross Dashboard | Flux Charts💎 GENERAL OVERVIEW Introducing our new Exponential Moving Average (EMA) Cross Dashboard! This dashboard let's you select a source for the calculation of the EMA of it, then let's you enter 2 lengths for up to 5 timeframes, plotting their crosses in the chart. Features of the new EMA Cross Dashboard : Shows EMA Crosses Across Up To 5 Different Timeframes. Select Any Source, Including Other Indicators. Customizable Dashboard. 📌 HOW DOES IT WORK ? EMA is a widely used indicator within trading community, it is similar to a Simple Moving Average (SMA) but places more weight on recent prices, making it more reactive to current trends. Crosses of EMA lines can be helpful to determine strong bullish & bearish movements of an asset. This indicator shows finds crosses across 5 different timeframes in a dashboard and plots them in your chart for ease of use. 🚩UNIQUENESS This dashboard cuts through the hassle of manual EMA cross calculations and plotting. It offers flexibility by allowing various data sources (even custom indicators) and customization through enabling / disabling individual timeframes. The clear visualization lets you see EMA crosses efficiently. ⚙️SETTINGS 1. Timeframes You can set up to 5 timeframes & 2 lenghts to detect crosses for each timeframe here. You can also enable / disable them. 2. General Configuration EMA Source -> You can select the source for the calculation of the EMA here. You can select sources from other indicators as well as more general sources like close, high and low price.
Pine Script® indicator
by fluxchart
6
Multi Pivot (S/R) & Previous Period (OHLC)█ Multi Pivot (Support/Resistance) & Previous Period (Open/High/Low/Close) The previous script was deleted because of a copyrighted word. From JayRogers description. █ Multi Pivot Selector Allows you to set up to 3 distinct sets of pivots, each with their own resolution settings and the ability to select how many support|resistance levels are shown. The maximum amount of S|R levels available varies with different pivot types, the options available are: Traditional Fibonacci Woodie Classic Copyrighted word Camarilla Fibonacci Extended █ Previous Period Levels A simple but highly customisable display of previous higher time-frame OHLC values. Customised resolution input which excludes time frames lower than 1 hour while extending the common higher reference inputs. This script is based on JayRogers script, I only added some features so please check out his script. I added the timeframe in the labels, in order to make it easier to differentiate when using multiple pivot set. As well as making it possible to change the lines color of each pivot set separately. Labels can now be displayed on each side (right, left and both) or just disabled. The type of pivot can be shown on the right side. Lines extension can be disabled and lines width value can be changed. I also added another one of his script to display OHLC levels, I made similar changes. Converted to Pine Script v5. Previous Period Levels - X Alerts Pivotal - Multi Pivot Selector (which was also deleted because of the copyrighted word)
Pine Script® indicator
by Yatagarasu_
9
[KVA] Custom Sessions Custom Sessions: Multi-Timeframe Analysis & Key Level Insights Introduction: Introducing " Custom Sessions," an innovative Pine Script indicator meticulously crafted to empower traders by offering an advanced level of analysis on various global trading sessions. This tool is designed not just to highlight trading sessions but to delve deeper into the nuances of market movements by analyzing candlestick behavior within those sessions, offering a nuanced view of market trends, liquidity, and potential turning points. Core Features : Session Customization : Tailor trading sessions to align with your strategy, focusing on the markets that matter most to you. Whether it's London, New York, Tokyo, Sydney, or Frankfurt, you have the control. Enhanced Market Insight : Beyond session timing, gain a refined understanding of market dynamics through detailed candlestick analysis within each session, providing a granular view of price action. Comprehensive Analysis Tools : Alongside session analysis, the indicator includes features like VWAP (Volume Weighted Average Price) and Fibonacci retracement levels, offering a multifaceted approach to market analysis across chosen timeframes. VWAP : Gain insights into the market's trend and liquidity by viewing the Volume Weighted Average Price calculated for the custom timeframe. Fibonacci Retracement Levels : Easily identify potential reversal points with automatically plotted Fibonacci levels at 0.236, 0.382, 0.5, 0.618, and 0.782for each candle Real-Time Updates : As the market moves, so does " Custom Sessions," offering real-time insights that adapt to the unfolding market conditions. Utilization Guide : Configure Your Sessions : Begin by setting up the sessions that are most relevant to your trading approach, customizing their times as needed. Select the Desired Timeframe : Input your preferred higher timeframe to analyze data that is most relevant to your trading strategy. Dive into the Details : Use the detailed candlestick analysis within sessions to pinpoint potential entry and exit points, supported by VWAP and Fibonacci levels for deeper market insight. Customize Your View : Adjust the visual aspects of the indicator, including session color coding and which elements to display, tailoring the tool to your preferences. Acknowledgements : A special thanks to Aurocks_AIF for their foundational work on "Sessions on Chart" . This project has been an invaluable resource, inspiring the development of " Custom Sessions" and pushing the boundaries of traditional session analysis. Final Thoughts : " Custom Sessions" is more than just an indicator; it's a comprehensive analysis tool that brings a new depth to the understanding of market sessions. By offering detailed insights into the behavior of candles within these sessions, along with essential analysis features, this indicator is a must-have for traders seeking to enhance their technical analysis arsenal. Whether you're a day trader looking to capture short-term movements or a long-term investor seeking broader market insights, this indicator offers valuable data visualization to enhance your trading decisions. By integrating highs, lows, VWAP, and Fibonacci levels into your analysis, you gain a comprehensive view of market behavior across different timeframes and sessions
Pine Script® indicator
by Kamvia
Scalper's Volatility Filter [QuantraSystems]Scalpers Volatility Filter Introduction The 𝒮𝒸𝒶𝓁𝓅𝑒𝓇'𝓈 𝒱𝑜𝓁𝒶𝓉𝒾𝓁𝒾𝓉𝓎 𝐹𝒾𝓁𝓉𝑒𝓇 (𝒮𝒱𝐹) is a sophisticated technical indicator, designed to increase the profitability of lower timeframe trading. Due to the inherent decrease in the signal-to-noise ratio when trading on lower timeframes, it is critical to develop analysis methods to inform traders of the optimal market periods to trade - and more importantly, when you shouldn’t trade. The 𝒮𝒱𝐹 uses a blend of volatility and momentum measurements, to signal the dominant market condition - trending or ranging. Legend The 𝒮𝒱𝐹 consists of a signal line that moves above and below a central zero line, serving as the indication of market regime. When the signal line is positioned above zero, it indicates a period of elevated volatility. These periods are more profitable for trading, as an asset will experience larger price swings, and by design, trend-following indicators will give less false signals. Conversely, when the signal line moves below zero, a low volatility or mean-reverting market regime dominates. This distinction is critical for traders in order to align strategies with the prevailing market behaviors - leveraging trends in volatile markets and exercising caution or implementing mean-reversion systems in periods of lower volatility. Case Study Here we can see the indicator's unique edge in action. Out of the four potential long entries seen on the chart - displayed via bar coloring, two would result in losses. However, with the power of the 𝒮𝒱𝐹 a trader can effectively filter false signals by only entering momentum-trades when the signal line is above zero. In this small sample of four trades, the 𝒮𝒱𝐹 increased the win rate from 50% to 100% Methodology The methodology behind the 𝒮𝒱𝐹 is based upon three components: By calculating and contrasting two ATR’s, the immediate market momentum relative to the broader, established trend is calculated. The original method for this can be credited to the user @xinolia A modified and smoothed ADX indicator is calculated to further assess the strength and sustainability of trends. The ‘Linear Regression Dispersion’ measures price deviations from a fitted regression line, adding further confluence to the signals representation of market conditions. Together, these components synthesize a robust, balanced view of market conditions, enabling traders to help align strategies with the prevailing market environment, in order to potentially increase expected value and win rates.
Pine Script® indicator
by Cryptosystems
14
Trend Channels (MTF) | Flux Charts💎 GENERAL OVERVIEW Introducing our new Trend Channels (MTF) indicator! Latest trends play an important role for traders and sometimes it can be hard to spot trends in other timeframes. This indicator can plot latest trend channels across different timeframes, so you can spot trends and their channels easier. More info about the process in the "How Does It Work" section. Features of the new Trend Channels (MTF) indicator : Plot Trend Channels Across Up To 3 Different Timeframes Broad Customizability Of Trend Detection Variety Of Trend Invalidation Options High Visual Customizability 🚩UNIQUENESS While the detection of trend channels is a common concept among traders, trend channels across different timeframes can be as crucial as the ones in the current timeframe. This indicator can find them from up to 3 different timeframes. While the general settings will perform well enough most of the time, the indicator also provides fine-tuning options for trend detection and trend invalidation for more experienced traders. 📌 HOW DOES IT WORK ? Trend channels occur when the price of an asset starts making a strong movement in a bullish or a bearish direction. This indicator detects trend channels using the Simple Moving Average (SMA). When the slope of the SMA line exceeds the user-defined size, a trend channel will occur. To understand how individual settings work, you can check the "⚙️SETTINGS" section. ⚙️SETTINGS 1. General Configuration SMA Length -> Determines the length used in the SMA function. Higher values mean that an average of a longer timespan will be taken into account when spotting trends. Slope Length -> Used while finding the slope of the trend channel. Check this example for slope length : ATR Size -> This setting is taken into calculation while checking if a trend channel is worth plotting. The higher this setting is, the higher the slope of the trend channel must be to get rendered. You can take a look at the chart provided above for a visual explanation. Channel Expander -> When a trend channel occurs, the top and the bottom of the channel are initally determined by the latest highest highs / lowest lows. This setting expands the channel vertically by X times Average True Range (ATR). Check this example : Trend Invalidation -> The trend channel gets invalidated when the bar closes / wicks above the top of the channel, or below the bottom of the channel. With this setting, you can switch the behaviour between bar close / bar wick. Avoid False Invalidation -> This setting makes it harder for trend channels to get invalidated to prevent false invalidations. Retries : The trend channel will have 5 chances for invalidation. First 4 invalidations will not invalidate the channel. The trend channel will only invalidate once the 5th invalidation occur. Volume : The bar that invalidates the trend channel must have a volume higher than 1.5x the average bar volume of the current chart. Otherwise the trend channel will not be invalidated. None : The trend channel will invalidate at the first invalidation.
Pine Script® indicator
by fluxchart
5
MUJBOT - Multi-TF RSI Table The "Multi-TF RSI Table" indicator is a comprehensive tool designed to present traders with a quick visual summary of the Relative Strength Index (RSI) across multiple timeframes, all within a single glance. It is crafted for traders who incorporate multi-timeframe analysis into their trading strategy, aiming to enhance decision-making by identifying overall market sentiment and trend direction. Here's a rundown of its features: User Inputs: The indicator includes customizable inputs for the RSI and Moving Average (MA) lengths, allowing users to tailor the calculations to their specific trading needs. Additionally, there is an option to display or hide the RSI & MA table as well as to position it in various places on the chart for optimal visibility. Multi-Timeframe RSI & MA Calculations: It fetches RSI and MA values from different timeframes, such as 1 minute (1m), 5 minutes (5m), 15 minutes (15m), 1 hour (1h), 4 hours (4h), and 1 day (1D). This multi-timeframe approach provides a thorough perspective of the momentum and trend across different market phases. Trend and Sentiment Analysis: For each timeframe, the script determines whether the average RSI is above or below the MA, categorizing the trend as "Rising", "Falling", or "Neutral". Moreover, it infers market sentiment as "Bullish" or "Bearish", based on the relationship between the RSI and its MA. Dynamic Color-Coding: The indicator uses color-coding to convey information quickly. It highlights the trend and sentiment cells in the table with green for "Bullish" and red for "Bearish" conditions. It also shades the timeframe cells based on the RSI value, with varying intensities of green for "Oversold" conditions and red for "Overbought" conditions, providing an immediate visual cue of extreme market conditions. Customization and Adaptability: The script is designed with customization in mind, enabling users to adjust the RSI and MA lengths according to their trading strategy. Its adaptable interface, which offers the option to display or hide the RSI & MA table, ensures that the tool fits into different trading setups without cluttering the chart. Ease of Use: By consolidating critical information into a simple table, the "Multi-TF RSI Table" indicator saves time and simplifies the analysis process for traders. It eliminates the need to switch between multiple charts or timeframes, thus streamlining the trading workflow. In essence, the "Multi-TF RSI Table" is a powerful indicator for Pine Script users on TradingView, offering a multi-dimensional view of market dynamics. It is ideal for both novice and experienced traders who seek to enhance their technical analysis with an at-a-glance summary of RSI trends and market sentiment across various timeframes.
Pine Script® indicator
by Johny_ZenAlgo
13
Multi MAs mit LabelA MA (Moving Average) is useful to identify a trend of an assets. The TradingView builtin indicator "Exponential Moving Average" is useful, but limited in some aspects: Bound to the active timeframe (e.g. h1) One MA per indicator instance. Makes it confusing when using multiple In reality to want to have multiple MAs with different types (EMA, SMA), length and timeframes on your chart to identify trading opportunities. As an example you can use the daily EMA12 and EMA21 to identify the trend and EMA200 on the h4 to enter a trade. That's what this script is used for. The provided script is an extension to the indicator powered by chipmonk (link to profile below). The original script let you add up to 8 EMAs that can be bound to any timeframe and length. The timeframe and length is displayed on the chart next to EMA. Unfortunately you can only add EMAs (Exponential Moving Averages) and no SMAs (Simple Moving Averages). That's why the script was extended. You can now choose the type (EMA or SMA) for up to 8 MAs. Links Profile of chipmonk Indicator by chipmonk
Pine Script® indicator
by MrC0inSiX
7
Simple Neural Network Transformed RSI [QuantraSystems]Simple Neural Network Transformed RSI Introduction The Simple Neural Network Transformed RSI (ɴɴᴛ ʀsɪ) stands out as a formidable tool for traders who specialize in lower timeframe trading. It is an innovative enhancement of the traditional RSI readings with simple neural network smoothing techniques. This unique blend results in fairly accurate signals, tailored for swift market movements. The ɴɴᴛ ʀsɪ is particularly resistant to the usual market noise found in lower timeframes, ensuring a clearer view of short-term trends. Furthermore, its diverse range of visualization options adds versatility, making it a valuable tool for traders seeking to capitalize on short-duration market dynamics. Legend In the Image you can see the BTCUSD 1D Chart with the ɴɴᴛ ʀsɪ in Trend Following Mode to display the current trend. This is visualized with the barcoloring. Its Overbought and Oversold zones start at 50% and end at 100% of the selected Standard Deviation (default σ = 2), which can indicate extremely rare situations which can lead to either a softening momentum in the trend or even a mean reversion situation. Here you can also see the original Indicator line and the Heikin Ashi transformed Indicator bars - more on that now. Notes Quantra Standard Value Contents: To draw out all the information from the indicator calculation we have added a Heikin-Ashi (HA) Candle Visualization. This HA transformation smoothens out the indicator values and gives a more informative look into Momentum and Trend of the Indicator itself. This allows early entries and exits by observing the HA transformed Indicator values. To diversify, different visualization options are available, either a classic line, HA transformed or Hybrid, which contains both of the previous. To make Quantra's Indicators as useful and versatile as possible we have created options to change the barcoloring and thus the derived signal from the indicator based on different modes. Option to choose different Modes: Trend Following (Indicator above mid line counts as uptrend, below is downtrend) Extremities (Everything going beyond the Deviation Bands in a Mean Reversion manner is highlighted) Candles (Color of HA candles as barcolor) Reversion (HA ONLY) (Reversion Signals via the triangles if HA candles change state outside of the Deviation Bands) - Reversion Signals are indicated by the triangles in the Heikin-Ashi or Hybrid visualization when the HA Candles revert from downwards to upwards or the other way around OUTSIDE of the SD Bands. Depending on the Indicator they signal OB/OS areas and can either work as high probability entries and exits for Mean Reversion trades or indicate Momentum slow downs and potential ranges. Please use another indicator to confirm this. Case Study To effectively utilize the NNT-RSI, traders should know their style and familiarize themselves with the available options. As stated above, you have multiple modes available that you can combine as you need and see fit. In the given example mostly only the mode was used in an isolated fashion. Trend Following: Purely relied on State Change - Midline crossover Could be combined with Momentum or Reversion analysis for better entries/exits. Extremities: Ideal entry/exit is in the accordingly colored OS/OB Area, the Reversion signaled the latest possible entry/exit. HA Candles: Specifically applicable for strong trends. Powerful and fast tool. Can whip if used as sole condition. Reversions: Shows the single entry and exit bars which have a positive expected value outcome. Can also be used as confirmation or as last signal. Please note that we always advise to find more confluence by additional indicators. Traders are encouraged to test and determine the most suitable settings for their specific trading strategies and timeframes. In the showcased trades the default settings were used. Methodology The Simple Neural Network Transformed RSI uses a simple neural network logic to process RSI values, smoothing them for more accurate trend analysis. This is achieved through a linear combination of RSI values over a specified input length, weighted evenly to produce a neural network output. // Simple neural network logic (linear combination with weighted aggregation) var float inputs = array.new_float(nnLength, na) for i = 0 to nnLength - 1 array.set(inputs, i, rsi1 ) nnOutput = 0.0 for i = 0 to nnLength - 1 nnOutput := nnOutput + array.get(inputs, i) * (1 / nnLength) nnOutput This output is then compared against a standard or dynamic mean line to generate trend following signals. Mean = ta.sma(nnOutput, sdLook) cross = useMean? 50 : Mean The indicator also incorporates Heikin Ashi candlestick calculations to provide additional insights into market dynamics, such as trend strength and potential reversals. // Calculate Heikin Ashi representation ha = ha( na(nnOutput ) ? nnOutput : nnOutput , math.max(nnOutput, nnOutput ), math.min(nnOutput, nnOutput ), nnOutput) Standard deviation bands are used to create dynamic overbought and oversold zones, further enhancing the tool's analytical capabilities. // Calculate Dynamic OB/OS Zones stdv_bands(_src, _length, _mult) => float basis = ta.sma(_src, _length) float dev = _mult * ta.stdev(_src, _length) = stdv_bands(nnOutput, sdLook,sdMult/2) = stdv_bands(nnOutput, sdLook, sdMult) The Standard Deviation bands take defined parameters from the user, in this case sigma of ideally between 2 to 3, to help the indicator detect extremely improbable conditions and thus take an inversely probable signal from it to forward to the user. The parameter settings and also the visualizations allow for ample customizations by the trader. For questions or recommendations, please feel free to seek contact in the comments.
Pine Script® indicator
by Cryptosystems
23
Triple Confirmation Kernel Regression Overlay [QuantraSystems]Kernel Regression Oscillator - Overlay Introduction The Kernel Regression Oscillator (ᏦᏒᎧ) represents an advanced tool for traders looking to capitalize on market trends. This Indicator is valuable in identifying and confirming trend directions, as well as probabilistic and dynamic oversold and overbought zones. It achieves this through a unique composite approach using three distinct Kernel Regressions combined in an Oscillator. The additional Chart Overlay Indicator adds confidence to the signal. Which is this Indicator. This methodology helps the trader to significantly reduce false signals and offers a more reliable indication of market movements than more widely used indicators can. Legend The upper section is the Overlay. It features the Signal Wave to display the current trend. Its Overbought and Oversold zones start at 50% and end at 100% of the selected Standard Deviation (default σ = 3), which can indicate extremely rare situations which can lead to either a softening momentum in the trend or even a mean reversion situation. The lower one is the Base Chart. The Indicator is linked here It features the Kernel Regression Oscillator to display a composite of three distinct regressions, also displaying current trend. Its Overbought and Oversold zones start at 50% and end at 100% of the selected Standard Deviation (default σ = 2), which can indicate extremely rare situations. Case Study To effectively utilize the ᏦᏒᎧ, traders should use both the additional Overlay and the Base Chart at the same time. Then focus on capturing the confluence in signals, for example: If the 𝓢𝓲𝓰𝓷𝓪𝓵 𝓦𝓪𝓿𝓮 on the Overlay and the ᏦᏒᎧ on the Base Chart both reside near the extreme of an Oversold zone the probability is higher than normal that momentum in trend may soften or the token may even experience a reversion soon. If a bar is characterized by an Oversold Shading in both the Overlay and the Base Chart, then the probability is very high to experience a reversion soon. In this case the trader may want to look for appropriate entries into a long position, as displayed here. If a bar is characterized by an Overbought Shading in either Overlay or Base Chart, then the probability is high for momentum weakening or a mean reversion. In this case the trade may have taken profit and closed his long position, as displayed here. Please note that we always advise to find more confluence by additional indicators. Recommended Settings Swing Trading (1D chart) Overlay Bandwith: 45 Width: 2 SD Lookback: 150 SD Multiplier: 2 Base Chart Bandwith: 45 SD Lookback: 150 SD Multiplier: 2 Fast-paced, Scalping (4min chart) Overlay Bandwith: 75 Width: 2 SD Lookback: 150 SD Multiplier: 3 Base Chart Bandwith: 45 SD Lookback: 150 SD Multiplier: 2 Notes The Kernel Regression Oscillator on the Base Chart is also sensitive to divergences if that is something you are keen on using. For maximum confluence, it is recommended to use the indicator both as a chart overlay and in its Base Chart. Please pay attention to shaded areas with Standard Deviation settings of 2 or 3 at their outer borders, and consider action only with high confidence when both parts of the indicator align on the same signal. This tool shows its best performance on timeframes lower than 4 hours. Traders are encouraged to test and determine the most suitable settings for their specific trading strategies and timeframes. The trend following functionality is indicated through the "𝓢𝓲𝓰𝓷𝓪𝓵 𝓦𝓪𝓿𝓮" Line, with optional "Up" and "Down" arrows to denote trend directions only (toggle “Show Trend Signals”). Methodology The Kernel Regression Oscillator takes three distinct kernel regression functions, used at similar weight, in order to calculate a balanced and smooth composite of the regressions. Part of it are: The Epanechnikov Kernel Regression: Known for its efficiency in smoothing data by assigning less weight to data points further away from the target point than closer data points, effectively reducing variance. The Wave Kernel Regression: Similarly assigning weight to the data points based on distance, it captures repetitive and thus wave-like patterns within the data to smoothen out and reduce the effect of underlying cyclical trends. The Logistic Kernel Regression: This uses the logistic function in order to assign weights by probability distribution on the distance between data points and target points. It thus avoids both bias and variance to a certain level. kernel(source, bandwidth, kernel_type) => switch kernel_type "Epanechnikov" => math.abs(source) <= 1 ? 0.75 * (1 - math.pow(source, 2)) : 0.0 "Logistic" => 1/math.exp(source + 2 + math.exp(-source)) "Wave" => math.abs(source) <= 1 ? (1 - math.abs(source)) * math.cos(math.pi * source) : 0. kernelRegression(src, bandwidth, kernel_type) => sumWeightedY = 0. sumKernels = 0. for i = 0 to bandwidth - 1 base = i*i/math.pow(bandwidth, 2) kernel = kernel(base, 1, kernel_type) sumWeightedY += kernel * src sumKernels += kernel (src - sumWeightedY/sumKernels)/src // Triple Confirmations Ep = kernelRegression(source, bandwidth, 'Epanechnikov' ) Lo = kernelRegression(source, bandwidth, 'Logistic' ) Wa = kernelRegression(source, bandwidth, 'Wave' ) By combining these regressions in an unbiased average, we follow our principle of achieving confluence for a signal or a decision, by stacking several edges to increase the probability that we are correct. // Average AV = math.avg(Ep, Lo, Wa) The Standard Deviation bands take defined parameters from the user, in this case sigma of ideally between 2 to 3, to help the indicator detect extremely improbable conditions and thus take an inversely probable signal from it to forward to the user. The parameter settings and also the visualizations allow for ample customizations by the trader. The indicator comes with default and recommended settings. For questions or recommendations, please feel free to seek contact in the comments.
Pine Script® indicator
by Cryptosystems
46
Mean Reversion Watchlist [Z score]Hi Traders ! What is the Z score: The Z score measures a values variability factor from the mean, this value is denoted by z and is interpreted as the number of standard deviations from the mean. The Z score is often applied to the normal distribution to “standardize” the values; this makes comparison of normally distributed random variables with different units possible. This popular reversal based indicator makes an assumption that the sample distribution (in this case the sample of price values) is normal, this allows for the interpretation that values with an extremely high or low percentile or “Z” value will likely be reversal zones. This is because in the population data (the true distribution) which is known, anomaly values are very rare, therefore if price were to take a z score factor of 3 this would mean that price lies 3 standard deviations from the mean in the positive direction and is in the ≈99% percentile of all values. We would take this as a sign of a negative reversal as it is very unlikely to observe a consecutive equal to or more extreme than this percentile or Z value. The z score normalization equation is given by In Pine Script the Z score can be computed very easily using the below code. // Z score custom function Zscore(source, lookback) => sma = ta.sma(source, lookback) stdev = ta.stdev(source, lookback, true) zscore = (source - sma) / stdev zscore The Indicator: This indicator plots the Z score for up to 20 different assets ( Note the maximum is 40 however the utility of 40 plots in one indicator is not much, there is a diminishing marginal return of the number of plots ). Z score threshold levels can also be specified, the interpretation is the same as stated above. The timeframe can also be fixed, by toggling the “Time frame lock” user input under the “TIME FRAME LOCK” user input group ( Note this indicator does not repain t).
Pine Script® indicator
by Amjad_S
1