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SuperTrendRange by DGTSuperTrendRange study attempts to determine the state of the market • whether a well-established bull/bear trend is present • whether the market is trading in a range SuperTrendRange (STR) takes into account the volatility of the market - further details regarding volatility can be found in the description of “Volatility Bands by DGT” study Due to its similarities to SupertTrend (ST) and Parabolic SAR (SAR), I will try to explain by stating differences between them SuperTrendRange uses both the ATR (Average True Range) and STDEV (Standard Deviation) as part of its calculations - unlike ST and SAR where they use only ATR Sensitivity of the indicator is adjusted using the multiplier setting of both ATR and STDEV Additionally, unlike ST, the source of the basis of SuperTrendRange can be selected among the assets price value or its moving average Source and Length are adjustable too The SuperTrendRange, like Parabolic SAR indicator, appears on a chart as a series of dots, either above, below or unlike Parabolic SAR both above and below of the asset's price A dot placed - below the price when the market is trending upward - above the price when it is trending downward - both above and below when the price starts moving sideways – this is a feature that both SuperTrend and Parabolic SAR misses, where they are known to produce false signals and losing trades, whereas SuperTrendRange emphasis the zones of the ranges occurring and in most cases are considered no trade recommended zones. Please note that the range width may vary depending on how the market is volatile. It is up to the users to trade if it fits their trading strategies Dots plotted above and below can be assumed as Support and Resistance levels Example usages – with trading opportunities Gold Monthly Chart Bitcoin Daily Chart Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have 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
Chỉ báo Pine Script™
bởi dgtrd
71
TST Signals & AlertsThis is an unofficial script for strategies tested on Trading Strategy Testing Youtube channel. Over time, most successful strategies will be added with an option to set strategy-specific alerts . TST Signals & Alerts will draw signals on the chart when the entry conditions are met. You can also opt for displaying indicators . My script is meant for beginners but can be used by veterans too. Just pick one or two strategies, you don't want to flood your chart with conflicting signals. You may want to support your trades with a proper analysis. Is the market trending? Is there a fundament around the corner? If a new signal occurs when there is still an open position, you are not supposed to take another. The current version includes MACD and ADX + BB and BB strategies. MACD strategy: ►Buy, when MACD crosses below the signal line when it is negative. The price must also be above 200 EMA. ►Sell, when MACD crosses above the signal line when it is positive. The price must also be below 200 EMA. ►This strategy was tested on 15-minute charts of EURUSD with reward-to-risk ratio 1,5 and win rate of 61% over 100 trades. ►►►MACD has to be added to your chart separately because it needs a new window. Ticking display indicators will not add MACD to your chart. ►►►MACD was also tested by a different channel I made a script for. You can view the results and the script here: ADX + BB strategy: ►Buy, when the price is above 200 EMA and ADX becomes higher than 25. ►Sell, when the price is below 200 EMA and ADX becomes higher than 25. ►Stop-loss is either 200 EMA or Bollinger Bands level. Check the channel for more information. ►This strategy was tested on 5-minute charts of EURUSD, USDJPY, AUDUSD with reward-to-risk ratio 1,2 and win rate of 56% over 100 trades in total. BB strategy: ►Buy, when the price is above 200 EMA and candle's low is below the lower Bollinger Band. ►Sell, when the price is below 200 EMA and candle's high is above the upper Bollinger Band. ►This strategy was tested on 15-minute charts of EURUSD with reward-to-risk ratio 1,5 and win rate of 52% over 100 trades in total. ►►►Due to the relatively low win rate of this strategy, you need to filter out potentially harmful signals with a proper analysis. Bear in mind that backtesting performance doesn't guarantee future profitability. • Most systematic strategies are not suitable for each timeframe - if you use the different timeframe than the one it was tested on, the result can differ significantly. • You should perform your own backtest to base your trades on more data & to establish confidence in the selected strategy. • This script is not a replacement for proper analysis. New strategies will be added when I have time. If I see multiple people asking for the same feature, I might agree to release it with a new version. I am not going to add input options in this script, it could come as a separate script though. I am in no way affiliated with the Youtube channel, so if you find the script helpful, shot me a message or send me some TradingView coins >) If you encounter any bug, you can report it in a message or in comments. Support it with screenshot and relevant information such as a time when it occurred and what options were on etc.
Chỉ báo Pine Script™
bởi OrcChieftain
8
Trading Rush Signals & AlertsThis is an unofficial script for strategies tested on TRADING RUSH Youtube channel. Over time, most successful strategies will be added with an option to set strategy-specific alerts . Trading Rush Signals & Alerts will draw signals on the chart when the entry conditions are met. You can also opt for displaying indicators . My script is meant for beginners but can be used by veterans too. Just pick only one or two strategies, you don't want to flood your chart with conflicting signals. You may want to support your trades with a proper analysis. If a new signal occurs when there is still an open position, you are not supposed to take another. The current version includes MACD and Donchian Channels. MACD strategy: ►Buy, when MACD crosses below the signal line when it is negative. The price must also be above 200 EMA. ►Sell, when MACD crosses above the signal line when it is positive. The price must also be below 200 EMA. ►This strategy was tested on 30-minute charts of EURUSD and EURJPY with reward-to-risk ratio 1,5 and win rate of 62% over 100 trades . ►►►MACD has to be added to your chart separately because it needs a new window. Indicators displaying will not add this indicator to the chart. Donchian Channels strategy: ►Buy, when the price breaches Donchian to the upside after making a new low. The price must also be above 200 EMA. ►Sell, when the price breaches Donchian to the downside after making a new high. The price must also be below 200 EMA. ►Stop-loss is Donchian bottom for long and Donchian top for shorts. Check the channel for more information. ►This strategy was tested on 30-minute charts of EURUSD with reward-to-risk ratio 1,5 and win rate of 58% over 100 trades . ►►►I programmed alerts for Donchians to come ahead of an actual breach. If you often leave the screen when trading, this will help you. The necessary downside for that is the alerts might come when the signal doesn't trigger in the end. You will see a mark on the chart if the conditions are truly met. Bear in mind that backtesting performance doesn't guarantee future profitability. • Most systematic strategies are not suitable for any timeframe. • You should perform your own backtest to base your trades on more data & to establish confidence in the selected strategy. New strategies will be added when I have time. If I see multiple people asking for the same new feature, I might agree to release it with a new version. I am not going to add input options in this script, it could come as a separate script though. I am in no way affiliated with the Youtubechannel , so if you find the script helpful, shot me a message or send me some TradingView coins >) If you encounter any bug, you can report it in a message or in comments. Support it with screenshot and relevant information such as a time when it occurred and what options were on etc.
Chỉ báo Pine Script™
bởi OrcChieftain
27
PT Buy Sell IndicatorVersion 1.0 of our Buy & Sell indicator helps determine when a time-frame is ready for a possible reversal. The indicator is primarily based on the movement & behavior of the RSI. We recommend using the indicator on Binance exchange (USDT) with H1, H2, H3 & H4 time frames. We have put together a video with a strategy on how to take the signals best. Please watch the video to understand how to use it. You can also ask us questions in our discord to better understand the indicator. There are currently two different settings that come with the indicator. Our aggressive & standard toggle each offer various set of signals. - Aggressive toggle: more signals throughout multiple time-frames. Recommended for the more advanced traders that can combine technical analysis with their setups. Best time-frame H3, H4 & H12. (Use Reduce Signal Threshold input #7+) - Standard toggle: fewer signals with a bit less risk. Recommended for traders that are just starting. Best time-frame 15m, 30m, H1, H2, 3D & 5D (Use Reduce Signal Threshold input #4) The buys & sells are not in-sync with each other. They tend to fire independently when the specified time-frame is ready for a possible reversal. The most successful method we structured for the buy/sell indicator is combining the PT STx & the PT Top/Bottom Bands (both included in our library). The PT Top/Bottom Bands helps you gauge the closest trouble area. When signals fire, we look at our top/bottom band indicator to find an entry as close to support/resistance as possible. The bands are isolated & color-coordinated. Red Band - Overbought zone Gray Bands - Within the range Orange Band - Our EQ (middle of the range) Green Band - Oversold zone This eliminates the guessing game that invalidates your trade setup. The best risk to reward is taking sell signals (shorts) as close to the red band while targeting the orange band (eq) & taking buy signals as close to the green band while targeting the orange band (eq). There are four different inputs that you can tweak to cater to your trading style. Each input is customizable based on the time frame. We get into detail about this in our video. Watch the video & do not take signals blind! The secret sauce to having the highest success rate is to take the signals only when the PT STx (included in our library) has fired its algorithm. This is an invite-only script. Please message us for access to our whole library. As we keep making progress with our indicators, you will be granted access to each of them as long as you are a Pattern Trader member! There will be limited access to our library until version 2.0 is released.
Chỉ báo Pine Script™
bởi patterntraders
11
Retail Slayer StrategyRetail Slayer Strategy Intended Markets: Forex, Indices, Cryptocurrencies, and metals (Gold, Silver) Timeframe Use: 15 minutes only Trailing Stop: 35-pips for Forex The purpose of this strategy is to answer the question many retail traders have: Why does it feel like trades go against me immediately after placing a buy/sell? This strategy puts you into the position of taking trades against the majority of retail traders. The underlying logic of this strategy involves the use of specific momentum, volatility, intra-week, and intra-day data to determine whether certain extremes that exist in common retail oscillators are truly indicative of a corrective move or a trend reversal. This strategy checks against those conditions to monitor whether certain breaks of certain price ranges are truly honest, or just fake-outs. The 35-pip trail is intended for all of the Intended Markets listed above (ticks/points where necessary), and the 15-minute chart is also intended for all of the above-Intended Markets. There are options for you to adjust the trailing-stop, profit target, and stop(s) to fine-tune an instrument to your desired settings. However, I would recommend you stick with the 15-min, 35-pip default settings until you are more familiar with how this strategy works. To utilize this strategy as an alert, simply add it to your chart then click on the Strategy Tester below. You will see a small alarm clock icon next to the cog-wheel - click the Alarm Icon and you can create the alert utilizing this strategy. You will receive a notification warning you that this strategy can cause issues with repainting, and that is a known issue. However, with any strategy, it pays to confirm and do your own due diligence before committing to any trade. This strategy is intended to help identify and confirm entries in conjunction with your own analysis. To inquire about access, please send me a PM. Please reach out if you have any questions.
Chiến lược Pine Script™
bởi itsjustanalysis
15
Momentum Acceleration by DGTItalian physicist Galileo Galilei is usually credited with being the first to measure speed by considering the distance covered and the time it takes. Galileo defined speed as the distance covered during a period of time. In equation form, that is v = Δd / Δt where v is speed, Δd is change in distance, and Δt is change in time. The Greek symbol for delta, a triangle (Δ), means change. Is the speed getting faster or slower? Acceleration will be the answer, acceleration is defined as the rate of change of speed over a set period of time, meaning something is getting faster or slower. Mathematically expressed, acceleration denoted as a is a = Δv / Δt , where Δv is the change in speed and Δt is the change in time. How to apply in trading Lets think about Momentum, Rate of Return, Rate of Change all are calculated in almost same approach with Speed Momentum measures change in price over a specified time period, Rate of Change measures percent change in price over a specified time period, Rate of Return measures the net gain or loss over a specified time period, And Speed measures change in distance over a specified time period So we may state that measuring the change in distance is also measuring the change in price over a specified time period which is length, hence speed can be calculated as (source – source )/length and acceleration becomes (speed – speed )/length In this study acceleration is used as signal line and result plotted as arrows demonstrating bull or bear direction where direction changes can be considered as trading setups Just a little fun, since we deal with speed the short name of the study is named after famous cartoon character Speedy Gonzales Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely 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
Chỉ báo Pine Script™
bởi dgtrd
129
Elliott Wave Oscillator Signals by DGTElliott Wave Principle , developed by Ralph Nelson Elliott, proposes that the seemingly chaotic behaviour of the different financial markets isn’t actually chaotic. In fact the markets moves in predictable, repetitive cycles or waves and can be measured and forecast using Fibonacci numbers. These waves are a result of influence on investors from outside sources primarily the current psychology of the masses at that given time. Elliott wave predicts that the prices of the a traded currency pair will evolve in waves: five impulsive waves and three corrective waves. Impulsive waves give the main direction of the market expansion and the corrective waves are in the opposite direction (corrective wave occurrences and combination corrective wave occurrences are much higher comparing to impulsive waves) The Elliott Wave Oscillator (EWO) helps identifying where you are in the 5-3 Elliott Waves, mainly the highest/lowest values of the oscillator might indicate a potential bullish/bearish Wave 3. Mathematically expressed, EWO is the difference between a 5-period and 35-period moving average based on the close. In this study instead 35-period, Fibonacci number 34 is implemented for the slow moving average and formula becomes ewo = ema(source, 5) - ema(source, 34) The application of the Elliott Wave theory in real time trading gets difficult because the charts look messy. This study (EWO-S) simplifies the visualization of EWO and plots labels on probable reversals/corrections. The good part is that all plotting’s are performed on the top of the price chart including a histogram (optional and supported on higher timeframes). Additionally optional Keltner Channels Cloud added to help confirming the price actions. What to look for: Plotted labels can be used to follow the Elliott Wave occurrences and most importantly they can be considered as signals for possible trade setup opportunities. Elliott Wave Rules and Fibonacci Retracement/Extensions are suggested to confirm the patters provided by the EWO-S Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely 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
Chỉ báo Pine Script™
bởi dgtrd
283
Moving Average Variable Kit W/ Alerts V3 [Moon]Create your own MA system 5 basic kinds of Moving Average types available for now DEMA EMA SMA TEMA WMA Mix and match moving average types and lengths. Create your own alerts built into Tradingview. Turn alerts or MAs off or on with 1 click. Choose visual transparency and alert coloration - everything is customizable. Trend candles on crossovers. Choose your MA input source. Create your own MA cloud or cloud ribbons. Trend MA coloration on candle or bar interactions. It really empowers you to experiment and create your own trading system or strategy. Don't be afraid to use Renko or Heikin Ashi for trend spotting or reversals. Copy built in exchange bands or indicators for an edge up on the competition or exchange users (these are heavily watched and in my opinion do affect the price action especially on smaller coins like alts). This is Binance's default kit that you can easily make (7/25/99) SMAs. Works well on traditional markets or Forex | Should be cross compatible on any asset or timeframe. Turn off a majority of signals except for "buy" or "sell" alerts. Use these clusters to DCA, short, long or take profit. Use it to monitor classic "Golden" or "Death" crosses - Set a TV alert to get a notification when it official goes off. These are just a few of the things you can create. I encourage you to explore further. Send me a DM if interested.
Chỉ báo Pine Script™
bởi MoonOverlord
143
BigBendFX Ichimoku Cloud | Cloud BreakoutCloud breakout is an enhancement of TradingView's built-in Ichimoku Cloud Indicator. By default, only the cloud is visible. The other Ichimoku lines can be toggled on if needed. This indicator focuses on the breakout of the Kumo cloud. An additional simple moving average filter can be added as well. Breakout Condition 2 candlesticks are part of the breakout condition Candlestick 1: 'open' price is still within the cloud and 'close' price breaks out of the cloud Candlestick 2: 'open' price confirms that candlestick 1 'close' remains as a breakout There are 4 possible breakout conditions: 2 bullish direction moves crossing each senkou span and 2 bearish direction moves crossing each senkou span Note: ranging markets will cause false breakouts, so a moving average is integrated to help filter this out Moving Average Integration A simple moving average can easily be toggled on/off to filter out cloud breakout signals The SMA length and color can be adjusted in the settings Alerts There are 2 alert options: bullish or bearish Alerts will confirm if the Moving Average Integration is activated To add to your chart simply search for the title "BigBendFX Ichimoku Cloud" in indicators & strategies. If you would like any added features or functionalities, please comment/share below. Be sure to check out our website (link below)! Thank you!
Chỉ báo Pine Script™
bởi UnknownUnicorn5569797
2
{INDYAN} Ichimoku for IntradayIts based on ichimoku, i removed cloud and mod some changes for better use in intraday trading. It can be used in stocks and index as well.Not tested on MCX and Forex. Just watch at crossover of tenkan and kijun that RSI macd is above 60 and zero or not? If all three parameters meet go for long... exit when again another cross happen or rsi go below 40.for sell side watch for rsi below 40 and macd below zero line while crossover of kijun tenkan. Better to use it with RSI+Macd Fast to get more accurate results. #for better confirmation look value of VWAP and decide accordingly Do back test before using it. Happy Trading Love INDyAN #change line color as per ur wish but value should be same as it was default entered.
Chỉ báo Pine Script™
bởi Indyan
11
Alert Intervals and Delays Framework [BigBitsIO]Simply explained, this script, when modified to each specific use case, can allow you to specify that alert conditions are only checked every X seconds (AKA Intervals - as fast as every single second) and that alerts can not occur quicker than the user-specified delay (in seconds) Explained: - This will work on any resolution, but for the best results/fastest alerts a premium plan with 1s resolution will work best. - Be mindful of which alert option you choose when setting up corresponding alerts. On 1s resolution with alerts once per bar you can get alerts up to every second. - The scan for alerts every X seconds will be when the script can scan, by default every 5th second. If you want it to scan on any and all updates, set it to 1 for 1 second - The delay between alerts will just require than that many seconds have passed since the last alert was fired (whether it was an actual alert in TradingView or just as recognized by this script) - To have a custom alert condition met, do your normal indicator logic and check your conditions during the scanning period after the delay has been met, as marked by comments in the code FAQ - Why is this script useful? - Many people do not want to constantly monitor for alerts, and may only want alerts to trigger at certain times, or after certain periods of time - What is an example? - You want a 1min resolution RSI alert, but you don't want to see it every minute, or only once. - By setting your alert to once per bar, or once per minute on a 1min or less resolution chart you can get alerts only every 2min 30sec for example when setting your delay to 150 (seconds) Warning: Since the scan time and alert times on larger resolutions can not be accessed from previous candles when first added to the chart it should be pretty important that you operate on a chart with a smaller resolution than your delay.
Chỉ báo Pine Script™
bởi BigBitsIO
6
Vendredi's Daily SmashSpecial Thanks to Vendredi for helping me tweak and improve this indicator. It is now fully functional in TV to open both Long or Short Positions. THIS INDICATOR WILL NOT WORK WITH DEFAULT C1, BASELINE, AND EXIT CONFIG. Think of it as a learning lesson. Put in a little effort to find proper config to use them :-D. Long Entry Criteria - Price must close above C1 indicator - Price must remain above the C1 indicator in the current candle and be heading above the previous candle close - Price must do the same as the two points above for the BASELINE indicator - C2OPEN indicator criteria must be met for both the current candle and the previous closed candle (just like C1 indicator) - Price must not be actively exceeding the upper bollinger band - RSI must be above 70 - Closed candles are not limited to, but should absolutely apply to, C1, C2OPEN, and BASELINE Short Entry Criteria - Price must close below C1 indicator - Price must remain below the C1 indicator in the current candle and be heading below the previous candle close - Price must do the same as the two points above for the BASELINE indicator - C2OPEN indicator criteria must be met for both the current candle and the previous closed candle (just like C1 indicator) - Price must not be actively exceeding the upper bollinger band - RSI must be below 30 - Closed candles are not limited to, but should absolutely apply to, C1, C2OPEN, V1 and BASELINE Alert Config - Select the Indicator and Select the VDS Buy or VDS Sell for Long or Short The rest is up to you.
Chỉ báo Pine Script™
bởi majhealth
1
UO CrossThis particular UO Cross is evolved into far more flexible and visually intuitive oscillator than previous versions. After thorough experiments with the code of indicator, I came to new deductions on how to use it properly for random TF and made it simpler. How to read a chart using UOX: Before uptrend takes place, we see the both indicator levels moving towards green dotted line (40). When green UO index passes below 40, it's an alert that the market is about to interact to new demand levels, coloring it blue for a potential reversal. Once green UO index is moving up and crossing above green dotted line - the second signal of uptrend established. Another strong sign of uptrend is when green UO index passes above red UO index, coloring the space in between 2 indicators greenish. At this point of time, we can be more confident that the general movement of the price is headed upwards, although we might see some small corrections there. During uptrend Green UO index will fluctuate above red UO index. Both indices will rise, getting closer and closer to red dotted line, which psychologically would be the first signs of the reversal of the uptrend. When you see green UO index passing above red dotted line 60, coloring orangish, that's a serious alert for upcoming reversal. I'll once more remind you that at this point of time both UO indices are at overbought levels, def above 50. You know the situation is serious when you witness red UO index being very close to red dotted line! To confirm the signals for downtrend, you must see green UO index go down and passing below red dotted line. Second confirmation of downtrend is when green UO index crosses below red UO index, and colors the space in between indices red. With this indicator we can understand: Condition of the market Early signs and alerts for reversal Signals of entry Confirmations of those signals Visualized mass psychology behind domination of bulls / bears It would be much better if you combine it with volume-based indicators. Good luck!
Chỉ báo Pine Script™
bởi fract
6
WaveTrend Oscillator w/ Short/Long/Close Alerts - WIPHigh TFs work best, but it works on any TF. I plan to continue releasing updates to it to improve overall form and function. Green Circles are Long Alerts, Red Circles are Short Alerts. Blue and Yellow Circles are Close Position Alerts. First Blue Circle After Red Circle would be Short Exit. First Yellow Circle After Green Circle would be Long Exit. Original script was based on Lazybear Indicator-WaveTrend-Oscillator-WT Script. I have added and modified some code to my personal liking.
Chỉ báo Pine Script™
bởi majhealth
3
Auto Fib Retracement AlertsFor the fibonacci traders. The Auto Fib Retracement Is a good indicator for tradingview to show you the current alerts and points to watch in the market IMPORTANT SETTING => Retracement This controls your alert levels I have modified it to deliver the following +Custom Fib retracement level alerts +Drawing of old levels and retracement levels +Backtesting Old Alerts There are two shapes drawn on the chart; Shown When the fib end is attained and market retraces back to your level 1. Buy retracement - 2. Sell retracement How are they detected? When we have new levels in the market; this is when the red or gree line changes, we calculate the new fib level that we will be watching for retracement This is the purple level drawn on the chart When the market first crosses below or above this level, The alert will be fired. Consequent crosses are not updated Enjoy! 😍 Originally requested by trade atechproduction
Chỉ báo Pine Script™
bởi DevLucem
72
Support Resistance - DynamicThis is Dynamic Support / Resistance script. How it Works? It finds Pivot Points and creates channels for each Pivot Point. Channel size is calculated by (Highest - Lowest) * %Channel_size in Loopback Period. After creating channels it calculates that how many Pivot Points in the channels. more Pivot Points in channel means stronger Support/Resistance. in the option menu there is S/R Strength, this is the minimum number of Pivot Points that each channel must contain to be S/R. calculation starts from last pivot point and go back for "loopback period" which is 300 by default. so last Pivot Points have more priority. Finally after calculating Support/Resistance it draws lines. Number of Support/Resistance line is Dynamic and up to 20 lines, that means number of lines changes dynamically. you can see how the script puts Suppport/Resistance lines dynamically by "Replay" button. (if I have time I will try to put a video) Currently the scripts checks up to 40 pivot points in loopback period. it shows up to 20 S/Rs only for visible area in the chart. There is option to Show S/R lines as Solid, Dotted or Dashed. Enjoy!
Chỉ báo Pine Script™
bởi LonesomeTheBlue
161
PivotPoints with Momentum confirmation by PeterOWho wouldn't like to be able to tell when the market actually reverses instead of just faking it? Every trader who has tried pivothigh/pivotlow functions for that, surely bumped into so many meaningless reversal signals, that probably got discouraged with this concept entirely. Yet, pivot points are very important. Only they need to be confirmed at least a little bit (you'll never know for sure, you understand that right?) This script enhances pivot-points mechanism with by confirming potential pivot point with actual reversal in momentum. If momentum reversal is also noticed in synch with the pivothigh/pivotlow, then you've got yourself a reversal - marked on the chart with red or green triangle. You can visually compare where those triangles are marked as compared to those small black ones, meaning the standard pivothigh(high,1,1)/pivotlow(low,1,1). Check yourself how many times this method would save us from pre-mature entry. On average 2/3 pivot points are filtered out. This is a non-delayed confirmation - there is no waiting for another candle to close, just looking to another indicator for a match.Trader needs to take a decision immediately because if he hesitates, he will be late for sure. Also sometimes this script produces signal even before a full pivot-point is formed, as pin-bar analysis is also included here. What this script IS NOT: - a complete trading map. Don't take trade on each green or red triangle. You still need to do your homework on market direction, trend, phase, wave, etc. But at least you have the "trigger" part done. - these pivot points are still not "guaranteed". You never know the future even as close as the very next candle, so the market can continue its trend right after it produces reversal signal. The aim of this indicator was only to filter out those potential pivot points, which didn't really look like reversals. If you think this method could be improved somehow or would like to share your thoughts or approach, don't hesitate to reach out to me or write down in comments. P.S. Credit goes to UCSGEARS for his Top&Bottom candle script. Amazing work. I used the momentum calculation from there.
Chỉ báo Pine Script™
bởi Peter_O
16
Custom Alert Message With alertcondition Example [BigBitsIO]This was a follower suggested script. This script shows an example of how to create a custom alert message using the alertcondition() function in pine. Features: - Well documented code with links to documentation for specific functions. - Two alertconditions in a different order than the plots they reference to show the importance of plot IDs. In order to actually get an alert with this script, you must create an alert through TradingView and reference this indicator and then reference the specific alert condition you want that alert to use. For more information, contact me on social media or check YouTube for the associated video. *** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
Chỉ báo Pine Script™
bởi BigBitsIO
5