Bank Nifty ParticipantsBankNifty Index is calculated based on the movements of its participants. Every time you think of why is Index going up/down, who is actively dragging the index either ways, this Indicator gives you the answer for the same in realtime!
For example : You see HDFCBank and Kotak Bank significantly up while all other banks going down but index reacting in a bullish mode, the answer lies in which Bank is contributing how much to the index! This will help you in pre-planning your trades based on the movements shown by different banks in Index calculation. Or on the other hand, you see HDFCBank on verge of breakout and you have target of 10 points, this indicator will help you in identifying how much the index will react to the 10 points movement shown by HDFC Bank which is the leading participant in Bank Nifty.
RSI column is an add-on to the participation table which will help you in getting RSI values of different banks at a glance. You will see values getting updated in realtime in live market. Checkout for customisations in indicator settings.
Note : Participants present in this indicator and their participation percentage is taken from the official NSE website.
Feel free to contribute/comment changes if any!
- Published by Soham Dixit
Search in scripts for "Up down"
Volume PressureBreaks down volume into buyers (green part) vs sellers (red part).
It is recommended to set the volume's scale, especially if you switch tickers on the same chart. Follow these steps:
Select the Volume Pressure indicator's 3 dots (...)
Select Pin To Scale
Select a separate scale from the main chart, such as Pin To New Left Scale (Z)
Left click and hold the scale on the side of the chart and drag it up/down to bring the volume bars into the desired area
To update to the latest version, just close the indicator and add it again.
No-lose trading targets (Based on EoRfA) By Mustafa ÖZVERThis code shows expected reaction target prices after sudden moving based on (EoRfA) Escaping of Rate from Avarage. Red area means the price is on overbought area, green area means the price is on oversold area. If you see red area under price, you can make short option to next to the horizontal beginning price of red area. If you see green area over price, you can make long option to next to the horizontal beginning price of green area.
When this code works
- The green area starts where EoRfA value is on oversold
- The red area starts where EoRfA value is on overbought
Of course, this code may be failed, do not forget the target may never come. But hopefully price will cross over the target.
And you (as developers) can develop this code by using anything instead of EoRfA to get up-down target prices.
But only this values can not guarantee good results for trading. BE CAREFUL
TASC 2021.11 MADH Moving Average Difference, Hann█ OVERVIEW
Presented here is code for the "Moving Average Difference, Hann" indicator originally conceived by John Ehlers. The code is also published in the November 2021 issue of Trader's Tips by Technical Analysis of Stocks & Commodities (TASC) magazine.
█ CONCEPTS
By employing a Hann windowed finite impulse response filter (FIR), John Ehlers has enhanced the Moving Average Difference (MAD) to provide an oscillator with exceptional smoothness.
Of notable mention, the wave form of MADH resembles Ehlers' "Reverse EMA" Indicator, formerly revealed in the September 2017 issue of TASC. Many variations of the "Reverse EMA" were published in TradingView's Public Library.
█ FEATURES
Three values in the script's "Settings/Inputs" provide control over the oscillators behavior:
• The price source
• A "Short Length" with a default of 8, to manage the lower band edge of the oscillator
• The "Dominant Cycle", originally set at 27, which appears to be a placeholder for an adaptive control mechanism
Two coloring options are provided for the line's fill:
• "ZeroCross", the default, uses the line's position above/below the zero level. This is the mode used in the top version of MADH on this chart.
• "Momentum" uses the line's up/down state, as shown in the bottom version of the indicator on the chart.
█ NOTES
Calculations
The source price is used in two independent Hann windowed FIR filters having two different periods (lengths) of historical observation for calculation, one being a "Short Length" and the other termed "Dominant Cycle". These are then passed to a "rate of change" calculation and then returned by the reusable function. The secret sauce is that a "windowed Hann FIR filter" is superior tp a generic SMA filter, and that ultimately reveals Ehlers' clever enhancement. We'll have to wait and see what ingenuities Ehlers has next to unleash. Stay tuned...
The `madh()` function code was optimized for computational efficiency in Pine, differing visibly from Ehlers' original formula, but yielding the same results as Ehlers' version.
Background
This indicator has a sibling indicator discussed in the "The MAD Indicator, Enhanced" article by Ehlers. MADH is an evolutionary update from the prior MAD indicator code published in the October 2021 issue of TASC.
Sibling Indicators
• Moving Average Difference (MAD)
• Cycle/Trend Analytics
Related Information
• Cycle/Trend Analytics And The MAD Indicator
• The Reverse EMA Indicator
• Hann Window
• ROC
Join TradingView!
PivotZoneTradesThe Indicator shows daily CPR level (3-dotted) lines. It also shows H3 and L3 Camarilla Pivots (Red and Green Dotted Lines). VAH and VAL value areas are shown by silver lines. 200 and 20 simple moving averages are also included in the indicator. RBI (R) and GBI (G) Red and Green Ignored Bars of Mr. Oliver Velez are also shown in this indicator. Various candlestick alerts as mentioned in the book "Secrets of Pivot Boss" are shown in Red and Green Up/Down triangles. Range Breakouts are shown in blue coloured triangles. Dotted purple line is Weekly Pivot Line. It is advised to follow proper risk-management rules when using any of the strategy/ indicator published by others.
Disclaimer: This indicator is to be used only for educational purpose. Signals shown in this indicator are not buy/sell recommendations.
CHAMELEON TRAILA filter combining the built in supertrend function and two SMA's in order to act as a filter for trade ideas put forward by CHAMELEON which can be placed in a separate panel.
This is not accurate enough to use on its own as a signal, but helps filter out more complex ideas. To be most effective it is recommended to set the LENGTH correctly.
Includes ALERT CONDITION's for when the TRAIL is UP, DOWN or MIXED.
DSI - Dynamic Strength Index The DSI is a volume weighted momentum indicator similar but superior to the traditional RSI.
The DSI algorithm takes values for RSI, MFI, OBV and stochastics, then gives them each a different weighting depending on their historic reliability in different market conditions, and then averages out the values.
This results in a very reliable, noise-free momentum indicator, especially reliable on high timeframes.
Further features include:
Auto Trendlines - Up-downtrend lines to show support, resistance and breakouts
Supertrend- A momentum (ATR based) version of the Supertrend.
Divergences - Bullish and bearish momentum divergences, with confirmation signals.
General Rules:
Bullish above 50
Bearish below 50
Enjoy!
MM
MM CHEATCODE V2The Best Renko system out there. The second coming to the original Cheatcode Algo we made
with options to use Tradition point calculations or ATR values for price measurement
- Select up to 3 tp levels
- ATR Risk calculator
- Strategy presets for easy setting selection for certain assets
- A trailing Ma for stint entries filters
- Volatility bands (BB, Kentler,Donchain)
- ATR super trend for added trend & trade filter
- MTF filter (up to 3)
- Added Session display as well as strict filter to only trade during that session(s) selected
- Full signal Alerts (meaning the full signal will send Entry, TP, Sl )
- added MM Capo volatility filter
Also Have Automation Version Available
How to use
You can use a setting preset in for the asset selected and the settings will automatically adjust but won't apply to your setting screen. (Tradingview limitations)
For the most part the buy signal will plot when the ATR moves in up/down direction
Filter your trades with the various trend detections indicators added when they all line up you have the best probability for the trade.
Renko is the best way to trade basic market structure and now with all the confirmation you need.
ALL Links below or PM us for access to this indicator Happy Trading
Auto Fibonacci and Gann Fan/Retracements ComboIntroduction
This is a combination of Fibonacci and Gann fan/retracements.
The script can automatically draw as many:
Fibonacci Retracements
Fibonacci Fan
Gann Retracements
Gann Fan
as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/Gann.
Basics
What are Fibonacci retracements?
Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence. Each level is associated with a percentage which is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points.
What are Gann retracements?
A developer of technical analysis and trading was W.D. Gann. Gann theory expects a normal retracement of 50 percent. This means that under normal selling pressure, the stock price will decline half the amount of its most recent rise, and vice versa. It also suggests that retracements occur at the halfway point of a move, such as 25 percent (half of 50 percent), 12.5 percent (half of 25 percent), and so on.
What is Fibonacci fan?
Fibonacci fan is a set of sequential trend lines drawn from a trough or peak through a set of points dictated by Fibonacci retracements. The first step to create it is to draw a trend line covering the local lowest and highest prices of a security. To reach retracement levels, the trader divides the difference in price at the low and high end by ratios determined by the Fibonacci series. The lines formed by connecting the starting point for the base trend line and each retracement level create the Fibonacci fan.
What is Gann fan?
A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. Gann believed the 45-degree angle to be most important, but the Gann fan also draws angles at degrees like 75, 63.75, 26.25 and 15. The Gann fan originates at a low or high point. The resulting lines show areas of potential future support and resistance. The 45-degree line is known as the 1:1 line because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time. All other lines in the Gann fan are drawn above and below the 1:1 line. The other angles are associated with 2:1, 3:1, 4:1, 8:1 and 1:8, 1:4, 1:3, and 1:2 time-to-price moves.
Challenges
The most of the time I dedicated to writing this script has been spent on handling these problems:
1. Finding Local Highest/Lowest Prices
In order to draw Fibonacci and Gann fan/retracements, it's necessary to find local highest and lowest price points (Extrema) on the chart. As this could be so challenging, most traders and coders draw the lines covering the low and high prices over a given period of time or a limited number of bars back instead. I already wrote an indicator using this approach ( Auto Fibonacci Combo ).
In this new script I tried to find the exact highest and lowest prices based on this idea that: if a high point is formed lower than previous high which was after a lowest point, then that previous one was the local highest point, and vice versa if a low point is formed higher than previous low which was after a highest point, then that previous one was the local lowest point. So logically an extremum price on the chart won't be found until the next high/low point is formed.
2. Finding Proper Chart Scale for Gann Fan
Based on the theory, Gann angles are sensitive to the chart price scale and in order to have the right angles, the chart must be made with the proper scale. J.A. Hyerczyk in his book "Pattern, Price & Time - Using Gann Theory in Technical Analysis" suggests that the easiest way to determine the scale of a market is by taking the difference between top-to-top and bottom-to-bottom and dividing it by the time it took the market to move from top to top and bottom to bottom.
Thus on a properly constructed chart, the basic equation for calculating Gann angles is: Price * Time.
3. Drawing Fans and Relocating Fan Labels at Each New Bar in Pine (A Programming-Related Subject)
To do this, I used linear equations and line slopes. Of course it was so complicated and exhausting, but finally I overcame that thanks to my genius cousin.
Settings and Usage
By default, the script shows detected extremum points plus 1 Fibonacci fan, 1 Gann fan, 1 set of Fibonacci retracements and no Gann retracements on the chart. All of these could be changed in the indicator settings beside the color and transparency of each line.
Feel free to use this and send me your thoughts!
Trade Central ScalperTrade Central Scalper is a scalping signal indicator based on trend and strength of the move using EMA and RSI. It determines the short term trend using EMA and strength of move using RSI. Price above set EMA allows only long trades and price below set EMA allows only short trades. Increasing RSI values from lower levels as defined in settings combined with trend as per EMA triggers the signal.
Indicator shows bars in 4 colors - Green, Red, Orange and White. Signal candles, i.e. long and short, are green and red respectively. Orange candles with opposite signal (triangle up/down) are potential reversal points where exiting from current position is recommended. Rest of the candles are white and no action is needed when candles are white.
Trading using the script is simple - you enter a long trade on a green bar and enter a short trade on red bar. Detailed rules for trade execution are mentioned below.
Trading Rules
Recommended Timeframe: 1 minute
Go LONG after a green bar when signal candle high is broken. For example, on BTC chart if signal candle (green) high is 50000 then enter at least 3-5 points above it, i.e. 50003. If the signal candle high isn't broken then wait for that to happen, but signal/trade gets invalidated if the signal candle low is broken before signal candle high is broken .
Go SHORT after a red bar when signal candle low is broken. For example, on BTC chart if signal candle (red) low is 50000 then enter at least 3-5 points below it, i.e. 49997. If the signal candle low isn't broken then wait for that to happen, but signal/trade gets invalidated if the signal candle high is broken before signal candle low is broken .
Set the SL below previous swing low for long entry. SL above previous swing high for short entry. If the SL is too big then avoid the trade and ensure risk reward is favorable, i.e. minimum 1:2 is recommended.
Once you're in a trade and you encounter an orange bar with opposite triangle sign then exit the current position else let the trade hit either defined target or SL.
Default settings work best on 1 minute timeframe and has been tested on BTC and ETH, though it works well on forex as well. You can try our different EMA and RSI values for other timeframes. Backtesting for 1 week (all signals between 16th August 2021 and 22nd August 2021 on 1 minute timeframe) on BTC, indicator gave 68% win ratio. There were around 205 trades in the week. Will share details over a YouTube video.
Will strongly recommend paper trading in desired market/asset before executing live trades.
vol_signalNote: This description is copied from the script comments. Please refer to the comments and release notes for updated information, as I am unable to edit and update this description.
----------
USAGE
This script gives signals based on a volatility forecast, e.g. for a stop
loss. It is a simplified version of my other script "trend_vol_forecast", which incorporates a trend following system and measures performance. The "X" labels indicate when the price touches (exceeds) a forecast. The signal occurs when price crosses "fcst_up" or "fcst_down".
There are only three parameters:
- volatility window: this is the number of periods (bars) used in the
historical volatility calculation. smaller number = reacts more
quickly to changes, but is a "noisier" signal.
- forecast periods: the number of periods for projecting a volatility
forecast. for example, "21" on a daily chart means the plots will
show the forecast from 21 days ago.
- forecast stdev: the number of standard deviations in the forecast.
for example, "2" means that price is expected to remain within
the forecast plot ~95% of the time. A higher number produces a
wider forecast.
The output table shows:
- realized vol: the volatility over the previous N periods, where N =
"volatility window".
- forecast vol: the realized volatility from N periods ago, where N =
"forecast periods"
- up/down fcst (level): the price level of the forecast for the next
N bars, where N = "forecast periods".
- up/down fcst (%): the difference between the current and forecast
price, expressed as a whole number percentage.
The plots show:
- blue/red plot: the upper/lower forecast from "forecast periods" ago.
- blue/red line: the upper/lower forecast for the next
"forecast periods".
- red/blue labels: an "X" where the price touched the forecast from
"forecast periods" ago.
+ NOTE: pinescript only draws a limited number of labels.
They will not appear very far into the past.
TIL Multi RSITrading Indicator Lab’s Multi RSI for TradingView is a powerful indicator that extends your capability to monitor RSI signals up to 20 different symbols all at the same time in just a single chart.
Eagle Eyes
The Multi RSI indicator can calculate the RSI of close prices of multiple symbols at any timeframe. This allows you to scan for RSI signals that may escape your search for potential good trading opportunities. It lets you choose the symbols you want to monitor for up to 20 slots and it INSTANTLY tells you which ones are overbought, oversold and even those that are at the verge of the buying or selling extremes in real-time so you can always be there when that big trend reversal happens.
Auto Sort
The symbols you add to the Multi RSI indicator are automatically sorted by their RSI readings from the most oversold down to the most overbought, each with a color assigned to them. Symbols that have an RSI reading of 50 and above are displayed in red while those below 50 are displayed in green. Those that breach the oversold and overbought signals are displayed in a brighter shade of color of red and green respectively. These colors are fully customizable in the indicator’s inputs.
Adjustable Oversold and Overbought Levels
The Multi RSI indicator uses the default 70/30 oversold-overbought levels but this can be easily adjusted in the Inputs section to match your preferences. The indicator’s color and alert system adjusts automatically to these changes.
Arrows
Beside each RSI reading is an arrow which gives you information about its trajectory, whether it is going up, down, or sideways. This is based on the last bar’s RSI value.
Alerts
The indicator lets you know when one or more symbols in the table crosses the oversold or overbought levels. These are predefined alert conditions that can be chosen in TradingView’s alert creation tool.
Available Alert Conditions
- Oversold – triggers when one or more symbols in the table are oversold
- Overbought – triggers when one of more symbols in the table are overbought
Inputs
- Length – sets the period of the RSI function to be applied to all symbols
- Oversold – sets the reference level for oversold signals (default level at 70)
- Overbought – sets the reference level for overbought signals (default level at 30)
- Symbol 1 – Symbol 20 – slots for TradingView symbols (charts) that you want to monitor
- Top Half Color 1 – the color of rows that are in the oversold level
- Top Half Color 2 – the color of rows that are 50 or above but not beyond the oversold level
- Bottom Half Color 1 – the color of rows that are in the overbought level
- Bottom Half Color 2 – the color of rows that are below 50 but not beyond the overbought level
- Position – sets where the indicator is displayed in the chart
- Font Size – sets the text size of the indicator
- Height – sets the size of each cell in the table. Size 0 means the height automatically adjusts to the chart’s size.
Statistical pivot wave - Average periods and drawdownsStatistical pivot wave - Average cycle periods and drawdowns (and assuming there is a trend)
How does these cycle periods and drawdowns come from?
Collecting the data from the last 70 pivot waves. Pivot waves are defined by once a new pivot low is recognized.
Explanation of variables:
Period(i) : Timespan from one pivot low to its previous pivot low.
Drawdown(i) : Max drawdown (from 22 bars lookback high + trend adjustment)
Trend(up / down): Historical linear regression
Median cycle: Median value of Period(i), based on i=1 to i=70 pivot waves data.
Median drawdown: Median value of Drawdown(i), from the trend projected high, based on i=1 to i=70 pivot waves data.
ATR Mark Up/DownThis script looks for a period with increased volatility, as measured by ATR (Average True Range), then it looks for a high or a low in that area.
When price is above EMA (200 is default, can be changed), it looks for the highs and adds multiples of ATR to the high. Default values for multipliers are 3,9 and 27, meaning that the script will show 3xATR level above the high, 9xATR above the high and 27xATR above the high.
When price is below EMA it looks for the lows and subtracts multiples of ATR from the low.The script will show 3xATR level below the low, 9xATR below the low and 27xATR below the low.
Multipliers values can be changed as well, making it a versatile tool that shows potential levels of suppport/resistance based on the volatility.
Possible use cases:
Breakout trading, when price crosses a certain level, it may show potential profit targets for trades opened at a breakout.
Stoploss helper. Many traders use ATR for their stoplosses, 1 ATR below the swing low for long trades and 1 ATR above the swing high for short trades are common values used by many traders. In this case, the Lookback value comes handy, if we want to look maybe at a more recent value for swing high/low point.
The levels shown by this indicator are not guaranteed to be or not to be reached by price, these levels should be used in confluence with other indicators and looked at as a visual helper.
That's all, hope you enjoy it!
PS.
*It does not plot the ATR. I don't know how to do it and IF it can be done
** It does not plot the EMA. If necessary,it can be added in a future update
Probability MTF [Anan]█ OVERVIEW
Probability is simply how likely something is to happen.
Whenever we’re unsure about the outcome of an event, we can talk about the probabilities of certain outcomes—how likely they are.
The best example for understanding probability is flipping a coin, There are two possible outcomes—heads or tails..
In our case, the coin is (Green/Red) Candles
So:
Probability of an event = (# of ways it can happen) / (total number of outcomes)
P(A) = (# of ways A can happen) / (Total number of outcomes)
So:
The probability of the next candle is green (Up)= (# of past green candles) / (total both candles sum "length")
The probability of the next candle is red (Down)= (# of past red candles) / (total both candles sum "length")
█ FEATURES
- Fully control of Probability (Source / Length)
- Show / Hide / customize three rows of Probability.
- Multi-timeframe Table.
- Full control of displaying any row or any column.
- Full control of Table position and Size and Colors.
IPB_MA_MARKET_BREADTH (MAMB)This is a powerful indicator to guage the strength of the market.
1) By default it plots the momentum of the number of stocks in Bank Nifty that are above 20 period MA. You can change the MA number if you desire.
2) It also has other features like plotting the above along with the weights allocated in index / MACD of the number of stocks above and below index / cumulative raw index with respect to number of stocks above / below MA.
3) You can use it to other indices as well but can add only 12 stocks participating in any index.
How to use it?
If you see the price moving up (down) but the index (Item no. 1 above) falling (rising), it indicates higher chance of reversal.
If shorter momentum crosses longer momentum from below, it usually signals bullish and vice versa.
As always use this indicator in tandem with other indicators.
Options Scalping V2This Indicator is Owned by Team Option Scalping.
It has 4 Plots and 2 Tables.
This indicator to be used only in BankNifty Futures
VWAP ( Volume weighted average price )
• User can input the source and enable/disable the VWAP from input section.
• When price is more than the VWAP its Bullish Trend and vice versa.
VWMA ( Volume weighted moving average )
• Default value of 20 is used in VWMA . User can enable/disable it from input section.
• When price is more than the VWMA its Bullish Trend and vice versa.
Parabolic SAR
• User can input “start”, “increment” and “maximum” values from input section and can enable/disable SAR also.
• When price is more than the Parabolic SAR its Bullish Trend and vice versa.
SuperTrend
• User can input ATR Period and ATR Multiplier values from input section. By defaults it’s 10 and 2.
• User have option of enable/disable “Change ATR calculation Method”, if enabled then ATR is calculated differently for SuperTrend.
• Enable/disable “BUY/SELL signals” on SuperTrend.
• When price is more than the SuperTrend its Bullish Trend and vice versa.
Top Right Corner TABLE ( 6 , 10 )
When you are trading in Banknifty futures , we have to check major Banks which is contributing to Banknifty move. So we have given that in this tab.
This table consist data of 9 following stocks:
• BankNifty
• Nifty
• Dow
• INDIA
• VIX
• HDFC
• ICICI
• KOTAK
• AXIS
• SBI
And following data of each stock has been provided:
• LTP
• Daily Change
• Daily Percentage Change
• 15-minute Change Percentage
• 1-Hour Change Percentage
Bottom Right Corner TABLE (3, 6 )
This table consist of 4 indicators values and Up/Down indicator:
• VWMA (When price is more than the VWMA its Bullish and vice versa)
• SuperTrend (10.2, When price is more than the SuperTrend its Bullish and vice versa.)
• RSI (14)
• VWAP (When price is more than the VWAP its Bullish and vice versa.)
MTF CandleLevelsIn the spirit of freedom from oppression on this day of July 4th, 2021 in the United States, I hereby release this flagship indicator "MTF CandleLevels" into the wild for any subscribing TV member on the planet to utilize. It's now one my few great gifts to the souls of humankind within the realm of trading on TV. TradingView continues to bless Pine Script by releasing supplemental upgrades, enough for me to develop this indicator beyond it's experimental phase to full potential, as I had always wished to design it from theory. Educationally while using it, you will witness how OHLC/HA candles are actually formed for charts. I like to think of it as a candle formation microscope anyone can learn from.
It is intended for any style of trading or skill level from newcomer to advanced. There are no requirements/prerequisites for you use it. Which means you don't have to wear a mouth muzzle, get multiple doses of the life endangering FrankenJabs, subserviently bow down to authoritarian demands of obedience, or learn the ancient mystical art of deception "Fau Chi" in order to employ it's inherent power. A little sprinkle of satire helps with a dry technical read :). You have the absolute freedom to utilize it any way you see fit! That's right, it's even your choice whether you use it or not. The unshackled empowerment of choice always equates to FREEDOM. I can't program these precious gems without it...
One thing you will have noticed is it's specifically published on a Heikin Ashi(HA) chart, while having immunity to the Heikin Ashi candle charts unique open/close behavior. This has been believed to be an impossibility until now. For members who don't know, HA candle charts have a different `open` and `close` from the `open` and `close` of the other ordinary OHLC candle charts. Regardless of "CandleLevels Mode" chosen in Settings, the indicator will display identical on either bar chart type, excluding Renko, Line Break, Kagi, Point&Figure, and Range candle charts of course. It's abilities supersede the simpler "Multi-Time Period Charts" built-in TV indicator with a completely different architecture. For those of you extremely curious about how I accomplished this indicators level of code complexity, it was immensely difficult taking over a year of effort for this one functional unit, and I will leave it at that...
This novel MTF technology displays OHLC/HA support and resistance levels that mimic the functionality of larger duration candle formations in real time. Basically explained, while charting on a shorter duration timeframe candle chart, you can see open, high, low, and close levels fluctuate in the larger duration timeframe. This reduces the need to jump back and forth to view price action on different chart sampling intervals. You may even use multiple sets of CandleLevels indicators over a wide variety of chosen timeframe options, along with everything else in between.
The CandleLevels behavior is chosen within the indicator "Settings" using a selection mode of either the standard OHLC candlestick formations or Heikin Ashi candlestick formations. Each mode has a multitude of uses depending on the users trading style or timeframe.
Visbility of CandleLevels will ONLY occur when it is set to a larger duration timeframe interval than the current chart sampling rate. For example, you may be using the 5 minute interval sampling rate on the chart, yet you can easily see the open, high, low, close ranges with a chosen 120 minute timeframe setting. The multiple time frame(MTF) settings are highly adjustable having intervals of seconds, minutes, days, a multiple of the chart interval, or the common input(type=input.resolution) function provided by Pine.
CandleLevels come with multiple color schemes to reduce color interference with other indicators in the overlay pane, including the intended use of multiple sets of CandleLevels. My basic color scheme selections can be overridden to choose any imaginable color you desire for your visual acuity. Also, there are additional controls available to fine tune a visually pleasing appearance depending on your preferences and viewable area. One last new hidden fine tune capability, not only for this indicator but all TV indicators, is the agility to use up/down arrow keys on the keyboard when an indicator setting is in focus after mouse selection. For example, when choosing line thickness, you can modify values/options by key stroke. Try it out, I'm sure you will find this useful for any indictor for eternity.
NOTICE: There is only 500 line drawings available, in total to display, at this current release. This equates to 83 sets of CandleLevels maximum.
Features List Includes:
Candle type selection
MTF controls for seconds, minutes, days, multiple-of, and TV input
Multiple color schemes with color overrides
Color opacity selector
Line thickness control
Enable/disable capable MTF interval display with positioning
When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone!
RISK DISCLAIMER:
My scripts, indicators, and studies are specifically intended for informational and educational use only. These use historical data points to perform calculations to derive real-time calculations. They do not infer, indicate, or guarantee future results or performance.
By utilizing this script/indicator/study or any portion of it, you agree to accept 100% responsibly and liability for your investment or financial decisions, and I will not be held liable for your subjective analytic interpretations incurring sustained monetary losses. The opinions and information visual or otherwise provided by this script/indicator is not investment advice, nor does it constitute recommendation.
DSKOLI BaseThis helps to determine bullish or bearish trend of any chart on any time-frame and good to have for Intraday watch.
Details -
a. Label-Up/Down shows the recent price movement is getting bullish or bearish from zero/neutral base by comparing to previous few candles.
b. EMA line helps to know the price movement of candles are above or below the EMA and its coloured with red and green which even further helps to determine its existing trend.
c. A plot Trend line which is quite close to candles with red and green line and arrow is calculated from few candles' high and low values with some mathematical formulas which along EMA adds more value for trend identification.
d. Recent High/Low automatically plots support and resistance lines on basis of previous swing high or low. An alert is added for any these levels breakout or breakdown.
Note or Disclaimer:
1. This may be considered only for Watching as Learning and informational purpose.
2. Take advice from financial advisor before entering, holding, converting or exiting from any order or trade.
3. Always keep your acceptable stop-loss in all your transactions while trading or investing.
DSKOLI or TradingView reserves all right and don't hold any responsibilities for any loss/losses as well as accuracy of levels or price movement.
FieryTrading Suite BThis oscillator tries to give traders an idea of the current trend, as well as trend reversals. The higher the lengths, the bigger the potential trends can become. Be aware that higher lengths are less responsive to market movements. The default inputs are best for most traders. Alerts for this indicator can be made in the FT Trading Suite A, indicated by the blue up / down triangles.
Please visit my FieryTrading Suite A for a complete overview:
FieryTrading Suite AThis trading suite offers a complete package to traders, both long- and short-term. The idea here is that by combining FieryTrading Suite A and B, one can get a better grip on the markets, thus making more profitable trades. This trading suite is suited for all time frames and assets. Ideally one would combine this trading suite with their own strategies or indicators.
This indicator pack consists of several parts and offers quite some customization.
// FieryTrading Suite A
Bar Trend: the bars will get colored according to the current, short-term, trend. Green is bullish, red is bearish and yellow is neutral. By tweaking the Bar Trend Length one can make the bar trend more or less responsive. Higher lengths are better for long term trading, whereas a shorter length is better for short-term or scalping.
MTF EMA: this is actually two indicators in one. First, we have the EMA on the chart, which is a general current trend indicator. Above the EMA means bullish, under the EMA means bearish. This EMA is also colored according to the long-term trend, which gets pulled from a higher time-frame. Green means long term bullish, red long-term bearish, yellow neutral.
Overshoot Area: the green and red bands around the price are areas where the price might potentially reverse from. This works exceptionally well in consolidating (horizontal) markets. The wider the overshoot area, the stronger the trend. A very tight overshoot area might indicate that the price will soon make a strong move. Increase the overshoot length to make it better suited for long-term. Decrease the length for better detection of small moves.
Extra’s:
1) Extreme bars: when turned on, the bars will color blue if the price reaches a potential strong area of reversal or consolidation. Blue bars are also great areas to exit your current position. Increase the Extreme Multiplier in case you want it less responsive. Decrease the multiplier to quicker spot extreme bars, but with a higher margin of error.
2) FieryTrend: due to its popularity, I’ve decided to included my FieryTrend indicator in the Trading Suite. It’s a great tool to manually find trend lines, resistances and supports. See my FieryTrend indicator for more info.
3) Fractals: when turned on, this option will display fractals on the chart. These fractals are mainly used for stop-loss determination, but can be used for other strategies as well.
4) FT B Reversal: when turned on, this will place reversals of the FieryTrend Suit B on the chart. Make sure to keep the inputs of the FT B indicator the same on both the A and B suite. It might trigger some false-positives, don’t trade this blindly. Wait for the lighter color to completely disappear behind the darker one on FT B.
Alerts: Alerts can be created for Extreme Bars, Bar Trend and FieryTrading Suite B Reversals. Bar trend currently triggers an alert of every bullish / bearish bar, want to make it trigger once in the future, but I’m encountering an unknown bug.
// FieryTrading Suite B
This oscillator tries to give traders an idea of the current trend, as well as trend reversals. The higher the lengths, the bigger the potential trends can become. Be aware that higher lengths are less responsive to market movements. The default inputs are best for most traders. Alerts for this indicator can be made in the FT Trading Suite A, indicated by the blue up / down triangles.
// Potential strategies
There are several potential strategies that one can follow by just looking at the chart. Here are some examples:
1.0 For longer term trades one could simply trade the bar colors. Buy when the bar goes green, sell when it goes red.
1.1 You could exit the trade at either an Extreme Bar or when the price enters the Overshoot Area
1.2 During bullish trends (green bars, green MTF EMA), you could spot potential entries with the FieryTrading Suite B. Enter on every dip on the oscillator. Inverse would be true for shorts.
2.0 You could trade the FT B Reversals during their respective trend. So, trade bearish reversals during a red MTF EMA, bullish reversals during a green MTF EMA.
Never trade one indicator naked. Always use other indicators to confirm your bias.
For take-profit and stop-loss selection I would generally advise to look at the most recent fractal and place the stop above / below the fractal bar. Bullish trades should look at the pink fractal, bearish trades at the yellow fractal. When no fractal is available, look at the reversal bar and apply the same strategy.
For short term trades I’d advise a risk-reward of 1.5, longer term 2 – 2.5.
See the screenshots below for a couple of examples.
For access, please take a look at the "Author's Instructions" below.
B3 PSAR v4This is an update to Pinescript version 4 for one of my oldest indicators, Parabolic Stop and Reverse.
The indicator math and algorithm has not been modified, but the stylization and usage has improved.
Added:
Bar-coloring = User sets the up and down colors in user interface style menu.
Inputs = The two inputs' up-down arrows now increment by thousandths & hundredths respectively. This is a vast improvement! Just leave the UI up when fishing for a value and watch the chart change.
Alerts!!! = Set your alerts to "B3 PSAR" then "Any alert() function call" in your Alerts User Interface; and you can also quickly turn alerts on/off in the PSAR indicator's UI.
Important Note:
TradingView has a version of PSAR, and you may find other scripters make the indicator as well.
People make claims on what math or algorithm is correct and what were Wilder's intentions for the indicator.
I am not interested in the theory, MY VERSION OF PSAR MATCHES OTHER PLATFORMS' CHART RESULTS for their native PSAR (Tradestation, TOS, etc). ;-)
Text copied from the obsolete posts:
Version 1 notes:
I have seen Parabolic SAR done several ways in the past and on several platforms. I have a few trailing systems I use to have a time-affected stop, meaning that as time goes, the way the stop works changes. In this method, you have a stop starting off of the high or low at the time of the cross of the previous stop, giving you a binary flipping agent. I like the usage of this system upon trendy action, however, in sideways action, the indicator flips back and forth with no pertinence. The flat lines represent the last price that was crossed, and as the PSAR crosses the line you essentially lock in profits in the trend.
Version 2 notes:
The minimum value inputs for acceleration and limiter inputs have been set to zero, by P.M. request.
