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Multi-Indicator Rating PanelThis is a panel for multiple indicators recommendations as often and popularly used with that chart. This idea is derived from the great minds that developed such amazing indicators for our technical analysis of our charts. The ratings would be self-explanatory in terms of buying/ selling/ weak buy/ weak sell and as for oscillators in terms of trending or consolidation. These indicator recommendations are just for indicatiive purposes only. you can manipulate the outputs by changing the script or through input panel. In Future, I'll try to add more and more indicators to suffice everyone's need.
Pine Script® indicator
by I_am_vilakshan
3
RMIRMI is a combination of RSI and MFI oscillators which considers money flow and strength of supply or demand together. It estimates that the money of which side is being ran out. So the power of trends can be predictable approximately. Where the green columns appear, it means demand is very high and it can fall because buyers may withdraw and sell their assets. And when red columns appear, it means supply is very high and sellers or new buyers may enter into new deals which may increase the price of a asset. I would be glad if I hear your feedbacks.
Pine Script® indicator
by AliBahaari
1
Technical Analyst by DGTWho needs a Technical Analyst? yes I can hear someone is asking for, and here is one that can help you with technical analysis The analyst will present a technical anlaysis report at a glance calculated by the most popular technical indicators , and the good part, the anlayst will do it voluntarily technical skills of the analyst: - experienced an all markets - ability to interpret moving averages - ability to interpret volume changes - ability to interpret trend folowing indicators such as: * directional movement index (dmi), identify trend strength and trend direction * complex ichimoku cloud , identify trend stregth, and tk crosses - ability to interpret oscillators such as: * relative strength index, identify oversold overbought levels, identify the rsi flow * commodity channel index, identify oversold overbought levels * awesome identify if grawing or falling * macd if bullish or bearish, and macd histogram if grawing or falling - ability to calculate probability and its trend - non-stop hardworker, - available 7/24, - highly dedicated always on duty, - open for new ideas and willing to learn - upon request the analyst will create reports with custom settings of your choise the analyst is not a decition maker, trading success is all about following your trading strategy and the analyst aims to help with the presented reports calculated by the most popular technical indicators the analyst supports 9 of the popular technical indicators and is willing to learn more , please share your comments and feedbacks and help the analyst improve skills cheers! Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script® indicator
by dgtrd
157
Narrow Bandpass FilterIn technical analysis most bandpass filters like the MACD, TRIX, AO, or COG will have a non-symmetrical frequency response, in fact, this one is generally right-skewed. As such these oscillators will not fully remove lower and higher frequency components from the input signal, the following indicator is a bandpass filter with a more symmetrical frequency response with the possibility to have a narrow bandwidth, this allows the indicator to potentially isolate sinusoids from the input signal. Indicator & Settings The filter is calculated via convolution, if we take into account that the frequency response of a filter is the Fourier transform of its weighting function we can deduce that we can get a narrow response by using a sinusoid sin(2𝛑nf) as the weighting function, with the peak of the frequency response being equal to f , this makes the filter quite easy to control by the user, as this one can choose the frequency to be isolated. The length of the weighting function controls the bandwidth of the frequency response, with a higher length returning an ever-smaller frequency response width. In the indicator settings the "Cycle Period" determine the period of the sinusoid used as a weighting function, while "Bandwidth" determine the filter passband width, with higher values returning a narrower passband, this setting also determine the length of the convolution, because the sum of the weights must add to 0 we know that the length of the convolution must be a multiple of "Cycle Period", so the length of the convolution is equal to "Cycle Period × Bandwidth". Finally, the windowing option determines if a window is applied to the weighting function, a weighting function allow to remove ripples in the filter frequency response Above both indicators have a Cycle period of 100 and a Bandwidth of 4, we can see that the indicator with no windowing don't fully remove the trend component in the price, this is due to the presence of ripples allowing lower frequency components to pass, this is not the case for the windowed version. In theory, an ultra-narrow passband would allow to fully isolate pure sinusoids, below the cycle period of interest is 20 using a bandwidth equal to 10 allow to retain that sinusoid, however, note that this sinusoid is subject to phase shift and that it might not be a dominant frequency in the price.
Pine Script® indicator
by alexgrover
12
[eternal] Elder Ray Bull and Bear Power OscillatorsElder Ray is an indicator that displays Bull Power and Bear Power at the same time. This indicator is a modified indicator of Elder Ray. Setting eternal = False and sommozing Period = 1 will be the same as Elder Ray. Since the eternal option is a definite signal option, it does not disappear even if the value of close changes if a signal comes out. In other words, when a signal comes out, it is premised to trade immediately, and the signal comes out at the moment when the bar is updated. The signal of this indicator seems to be weak in the range market due to its operating principle. (It seems that the author wanted to try a definite signal) * It has not been verified whether or not you can finally win, so please use it after individual income and expenditure verification. Elder RayはBull Power, Bear Powerを同時に表示したインジケーターです。 このインジケーターはElder Rayを改造したインジケーターです。 eternal = False, sommozing Period = 1に設定すると Elder Rayと同じものになります。 eternal オプションは確定シグナルオプションなので、シグナルが出ればcloseの値が変化しても消えることはないです。 つまり、シグナルが出れば即座に取引する前提になっていて、シグナルが出るタイミングはバーが更新した瞬間です。 このインジケーターのシグナルは動作原理上レンジ相場に弱いと思われます。 （作者は確定シグナルを試してみたかったらしい） ※最終的に勝てるかは未検証ですので、個人で収支検証後、使用をお願いします。
Pine Script® indicator
by xinolia
1
RedK Vol_Weighted RSI: Extending the power of the classic RSILet's take the classic Relative Strength Index (RSI) and give it couple of modern upgrades - the results are better visuals with improved signals and trade decision support: Options and features: - Dual period: look at the short term RSI vs a backdrop of a longer period RSI (expressing the longer-term "prevailing sentiment") - get clearer "re-entry" points in long bull or bear runs - Longer period RSI has a "Step" option - since what we won't be really interested in the fractions, but more of the broad "strength" of the sentiment (weak, medium..) - default set to a step of 5. please experiment with what works best for you. - Option to make the RSI volume-weighted. (On by default) - won't say much here, but possibly this is the biggest and most important added feature for those keen on the combined price - volume effect (and Wyckoff'ians) - Smoothing option -- i would keep this set to 3 to avoid extra lag due to the smoothing - scaled to +100 / -100 with zero as the signal line - that's how i like oscillators to work - Adjustable optional overbought / oversold levels - can also be used to also mark strong up/down levels - designed for the "visually oriented" -- like me :) - code is open and commented What Values to use: many setting combinations possible. play around and find your sweet spot based on what/how you trade. for me, i usually prefer what i set as defaults in the study. tip: if you set Length = 14, smoothing = 1, Sent. factor =1, Vol Weighted = No, you're back (almost) with a classic RSI - the only difference would be that i use Weighted Moving Average in my calculation of the RSI (i tend to believe WMA is the most naturally-suited for looking at "market price" data series) Please feel free to use, share or give feedback.
Pine Script® indicator
by RedKTrader
37
TradingView's Technical AnalysisAll indicators used on the Technical Analysis Summary from TradingView, composed with oscillators and moving averages. Sell and strong sell will represent more indicators showing sell signals. Buy and strong buy will represent more indicators showing buy signals. A white bar will show neutral signal (don't trade). This can be good for binary options or scalping on small time frames, but also very good on higher times for forex. The signal will appear on the candle before, so wait for the new candle to appear to see what direction the signal will indicate.
Pine Script® indicator
by ThiagoSchmitz
17
Elder ray ( Bull power and bear power combined )Elder-ray is an indicator named for its similarity to x-rays. It shows the structure of bullish and bearish power below the surface of the markets. Elder-ray combines a trend- following moving average with two oscillators to show when to enter and exit long or short positions. A moving average reflects the average consensus of value. The high of each bar reflects the maximum power of bulls during that bar. The low of each bar marks the maximum power of bears during that bar. Elder-ray works by comparing the power of bulls and bears during each bar with the average consensus of value. Bull Power reflects the maximum power of bulls relative to the average consensus, and Bear Power the max- imum power of bears relative to that consensus. When the high of a bar is above the EMA, Bull Power is positive. When the entire bar sinks below the EMA, which happens during severe de- clines, Bull Power becomes negative. When the low of a bar is below the EMA, Bear Power is negative. When the entire bar rises above the EMA, which happens during wild rallies, Bear Power becomes positive. The slope of a moving average identifies the current trend of the mar- ket. When it rises, it shows that the crowd is becoming more bullish; it is a good time to be long. When it falls, it shows that the crowd is becoming more bearish; it is a good time to be short. Prices keep getting away from a moving average but snap back to it, as if pulled by a rubber band. Bull Power and Bear Power show the length of that rubber band. Knowing the “Buy low, sell high” sounds good, but traders and investors seem to have been more comfortable buying Lucent above 70 than below 7. Perhaps they are not as rational as the efficient market theorists would like us to believe? Elder-ray gives rational traders a glimpse into what is going on below the sur- face of the market. When the trend, identified by the 22-day EMA, is down and bulls are under water, the rallies back to the surface mark shorting opportunities normal height of Bull or Bear Power reveals how far prices are likely to get away from their moving average before returning. Elder-ray offers one of the best insights into where to take profits—at a distance away from the moving average that equals the average Bull Power or Bear Power. Elder-ray gives buy signals in uptrends when Bear Power turns nega- tive and then ticks up. A negative Bear Power means that the bar is strad- dling the EMA, with its low below the average consensus of value. Waiting for Bear Power to turn negative forces you to buy value rather than chase runaway moves. The actual buy signal is given by an uptick of Bear Power, which shows that bears are starting to lose their grip and the uptrend is about to resume. Take profits at the upper channel line or when a trend- following indicator stops rising. Profits may be greater if you ride the uptrend to its conclusion, but taking profits at the upper channel line is more reliable. Elder-ray gives shorting signals in downtrends when Bull Power turns positive and then ticks down. We can identify the downtrend by a declin- ing daily or weekly EMA. A positive Bull Power shows that the bar is strad- dling the EMA, with its high above the average consensus of value. Waiting for Bull Power to turn positive before shorting forces you to sell at or above value instead of chasing waterfall declines. The actual short- ing signal is given by a downtick of Bull Power, which shows that bulls are starting to slip and the downtrend is about to resume. Once short, take profits at the lower channel line or when the trend-following indicator stops falling, depending on your style.
Pine Script® indicator
by Biticon
BSTtrend (and a quick note on trading psychology)Hi again :) Script #2 for tonight, more to come :) This one is a Pine transcription of a FXCM/LUA script called BSTrend I used it years ago to trade index on very low timeframes with it. I'm always looking for oscillators that are more reactive than the traditional MACD. And even more reactive than the MACD Zero Lag This is a proof of concept that Pinescript is my favorite trading programming language vs MT4/LUA/PRT. I just find it easier and the Pinescript community is helping a lot With the BSTrend you can win but also lose. I see a lot of scripts out there but there is not a better or worst indicator. The key is HOW to use it. In other words the key is your PSYCHOLOGY, without a rock-solid psychology, you'll end up committing a mistake even with G. himself whispering "BUY NOW", "SELL NOW" to your ears. (wait..... Do you mean this is happening only to me ????) However, indicators help immensely in reducing the psychology pressure that we have to endure ... sometimes for days..... But better not to overcharge with dozens of indicators per chart and have a tool to detect whenever there is a confluence/convergence of your favorite indicators :) #algorithm #builder I'll publish an educational post about next week Those are the exact words that my mentor traders told me 6 years ago when I started trading PS ____________________________________________________________ Be sure to hit the thumbs up as it shows me that I'm not doing this for nothing and will motivate to deliver more quality content in the future. - I'm an officially approved PineEditor/LUA/MT4 approved mentor on codementor. You can request a coaching with me if you want and I'll teach you how to build kick-ass indicators and strategies Jump on a 1 to 1 coaching with me - You can also hire for a custom dev of your indicator/strategy/bot/chrome extension/python
Pine Script® indicator
by Daveatt
6
DTOsc Dual Time Frame V1Based on the concept of Robert Miner Book "High Probabilities Strategies" This script shows at the same time the DTosc of the current time frame and the higher one (shaded gray columns) For daily-weekly, for hour-daily, for 15 or 5 minutes hour are automatically selected as higher time frame The green zone shows that both oscillators are alligned Four Types. Type 1 is fastest and Type 4 is slowest. Menu selection. Is a filter for elliott trades, as Robert Miner book shows, but not a complete trading system by itself. When fibonacci retracement , and extensions in price and time, patter positions and dual TF momentums are aligned trades could be taken
Pine Script® indicator
by theexecucioner
10
Inverse Fisher Fast Z-scoreIntroduction The fast z-score is a modification of the classic z-score that allow for smoother and faster results by using two least squares moving averages, however oscillators of this kind can be hard to read and modifying its shape to allow a better interpretation can be an interesting thing to do. The Indicator I already talked about the fisher transform, this statistical transform is originally applied to the correlation coefficient, the normal transform allow to get a result similar to a smooth z-score if applied to the correlation coefficient, the inverse transform allow to take the z-score and rescale it in a range of (1,-1), therefore the inverse fisher transform of the fast z-score can rescale it in a range of (1,-1). inverse = (exp(k*fz) - 1)/(exp(k*fz) + 1) Here k will control the squareness of the output, an higher k will return heavy side step shapes while a lower k will preserve the smoothness of the output. Conclusion The fisher transform sure is useful to kinda filter visual information, it also allow to draw levels since the rescaling is in a specific range, i encourage you to use it. Notes During those almost 2 weeks i was even lazier and sadder than ever before, so i think its no use to leave, i also have papers to publish and i need tv for that. Thanks for reading !
Pine Script® indicator
by alexgrover
4
Recursive DifferenciatorIntroduction Cycles can be spotted by using a wide range of methods, most of them will involve bandpass filtering, here i will show a method using recursion with the change() function. The Indicator As i explained in other indicators using recursion i posted rescaling the input is important, i will use the rsi of an exponential moving average as input. alpha control the amount of output the indicator will use as input, values closer to 0.5 will use more input resulting in more periodic results. Lowering alpha when length is higher can help get more periodic results. Conclusion I have showed a new cycle indicator using recursion. Recursion with oscillators can highlights cycles in price thus being easier to predict. Thanks for reading !
Pine Script® indicator
by alexgrover
1
Morphed Sine WaveIntroduction If you rescale a sine wave to the price you will need to correlate it with it in order to show good results, today i present a different method that does not involve correlation to "morph" a sine wave to the price in order to provide forecast's and highlight market periodic patterns. Parameters length control the period of the sine wave, power control the "morphing" amount, if you see for example that the results are going nuts try to increase power , if the results are just the price and the delayed price try to decrease power . power = 1 power = 100 Those settings might be different depending on which market you are in. Various Uses You can do a lot of things with this indicator, use filters as source : Use the indicator as source for oscillators in order to create cycles indicators : And certainly many more things Conclusion I presented a way to morph a sine wave to the price i order to highlight cycles. You can use any function that return a value between -1 and 1 instead of sin , this can be a scaled rsi/stochastic or correlation coefficient, its up to you :) If you need help don't hesitate to commend or pm me. I hope you will like the indicator and that it will inspire you to make great things. Thanks for reading !
Pine Script® indicator
by alexgrover
17
Ichimoku Cloud Score MTFThis is a simple multi time frame (MTF) conversion of the Ichimoku Cloud Score indicator. All credit goes to the following users for the initial implementations: - User @dashed : - User @sjb933 : This script calculates the Cloud Score based on the sjb933 version; all I've done is convert the script to Pinescript version 3 (to ensure the security function works as intended) and add MTF capability. I'm a big fan of MTF analysis when using indicators (particularly oscillators). Using a higher time frame runs into the issue of the indicator repainting until the relevant higher time frame candle closes (this is inevitable and logical - so don't comment saying it repaints!). However, for lagging indicators such as this one, adding a lower time frame provides potential entry and exit signals into the larger trend, and also provides early warning of large trend shifts before the current time frame will. This can give you more control over your trades, and in my experience helps lagging indicators such as Ichimoku stay relevant in high volatility markets that are vastly different from when the indicators were conceived. Any queries please let me know. Cheers, RJR
Pine Script® indicator
by DreamsDefined
1
Ergodic CSI Backtest This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods. This indicator plots Ergotic CSI and smoothed Ergotic CSI to filter out noise. You can change long to short in the Input Settings WARNING: - For purpose educate only - This script to change bars colors.
Pine Script® strategy
by HPotter
2
Ergodic CSI Strategy This is one of the techniques described by William Blau in his book "Momentum, Direction and Divergence" (1995). If you like to learn more, we advise you to read this book. His book focuses on three key aspects of trading: momentum, direction and divergence. Blau, who was an electrical engineer before becoming a trader, thoroughly examines the relationship between price and momentum in step-by-step examples. From this grounding, he then looks at the deficiencies in other oscillators and introduces some innovative techniques, including a fresh twist on Stochastics. On directional issues, he analyzes the intricacies of ADX and offers a unique approach to help define trending and non-trending periods. This indicator plots Ergotic CSI and smoothed Ergotic CSI to filter out noise. WARNING: - This script to change bars colors.
Pine Script® indicator
by HPotter
Sine Wave This is John F. Ehlers, Hilbert Sine Wave with barcolor and bgcolor. When fast line red crosses down slow line blue that is a zone of resistance in the price chart, and when fast line crosses up slow line blue that is a zone of support. When close of the bar is equal or greater than the zone of resistance there is a trend up mode in place and trending instruments like Hull moving average should be used, and when the close of the bar is equal or greater than the zone of resistance there is a trend down in place and trending instruments should be used too. When none of the preceeding conditions are valid there is a cycle mode, and cycle instruments like oscillators, stochastics and the Sine Wave itself should be used. Note that the Sine Wave is almost always a leading indicator when in a cycle mode. Barcolor and bgcolor mean: Green = Trend Up , Red = Trend Down, Yellow= Cycle mode
Pine Script® indicator
by sal157011
7
MATA GOLD RATIOMata Gold Instrument: User Guide The Instrument to Gold Oscillator is a technical analysis tool that normalizes the ratio of an instrument's price (e.g., BTC/USD) to the price of gold (XAU/USD) into a 0-100 scale. This provides a clear and intuitive way to evaluate the relative performance of an instrument compared to gold over a specified period. --- How It Works 1. Calculation of the Ratio: The ratio is calculated as: \text{Ratio} = \frac{\text{Instrument Price}}{\text{Gold Price}} 2. Normalization: The ratio is normalized using the highest and lowest values over a user-defined period (length), typically 14 periods: \text{Normalized Ratio} = \frac{\text{Ratio} - \text{Min(Ratio)}}{\text{Max(Ratio)} - \text{Min(Ratio)}} \times 100 3. Overbought/Oversold Levels: Above 80: The instrument is relatively expensive compared to gold (overbought). Below 20: The instrument is relatively cheap compared to gold (oversold). --- How to Use the Oscillator 1. Identify Overbought and Oversold Levels: If the oscillator rises above 80, the instrument may be overvalued relative to gold. This could signal a potential reversal or correction. If the oscillator falls below 20, the instrument may be undervalued relative to gold. This could signal a buying opportunity. 2. Track Trends: Rising oscillator values indicate the instrument is gaining value relative to gold. Falling oscillator values indicate the instrument is losing value relative to gold. 3. Crossing the Midline (50): When the oscillator crosses above 50, the instrument's value is gaining strength relative to gold. When it crosses below 50, the instrument is weakening relative to gold. 4. Combine with Other Indicators: Use this oscillator alongside other technical indicators (e.g., RSI, MACD, STOCH) for more robust decision-making. Confirm signals from the oscillator with price action or volume analysis. --- Example Scenarios 1. Trading Cryptocurrencies Against Gold: If BTC/USD's oscillator value is above 80, Bitcoin may be overvalued relative to gold. Consider reducing exposure or looking for short opportunities. If BTC/USD's oscillator value is below 20, Bitcoin may be undervalued relative to gold. This could be a good time to accumulate. 2. Commodities vs. Gold: Analyze the relative strength of commodities (e.g., oil, silver) against gold using the oscillator to identify periods of overperformance or underperformance. --- Advantages of the Oscillator Relative Performance Insight: Tracks the performance of an instrument relative to gold, providing a macro perspective. Clear Visual Representation: The 0-100 scale makes it easy to identify overbought/oversold conditions and trend shifts. Customizable Periods: The user-defined length allows flexibility in analyzing short- or long-term trends. --- Limitations Dependence on Gold: As the oscillator is based on gold prices, any external shocks to gold (e.g., geopolitical events) can influence its signals. No Absolute Buy/Sell Signals: The oscillator should not be used in isolation but as part of a broader analysis strategy. --- By using the Instrument to Gold Oscillator effectively, traders and investors can gain valuable insights into the relative valuation and performance of assets compared to gold, enabling more informed trading and investment decisions.
Pine Script® indicator
by mata22tr