This is a very simple script... it does not necessarily create signals. It only provides useful feedback via statistics & probability.
There will be a green background if there are two green bars in a row, and it will stay green until two red bars show up (in which it switches color to red until two green bars show up again).
The fuchsia arrows show the double...
There is a lot of indicators similar to this one, however i think this one don't share the same calculation method and this is why i share it. This indicator aim to forecast price direction using an exponential filter architecture using highest and lowest information for the estimation of a smoothing variable. This filter is similar to the average...
This is a straightforward modification of LazyBear's CCI-coded OBV indicator with the following changes:
1) uses log-hl2 as source, which seems to be a more stable indicator of price change than close
2) adds optional price smoothing
Function to handle rgb color selection, it has low resolution due to pinescript limitations.
included examples with manual background color selection via inputs and automatic color of a rsi plot based on its value.
let your rainbow dreams come true!! :D
Multi-Timeframe Candlestick color indicator, plots the color of the bar in 10 different timeframes.
It consists of 3 bands with respect to the time frames selected: Short Term, Medium Term and Long term bands.
Short Term - 5, 10, 15, 30 min
Medium Term - 60, 120, 240 min
Long Term - D, W, M
If the bar color synchronizes in their respective bands, the indicator...
Working MACD Histogram which colors bars based on the slope from the previous. The default colors will work for both Deuteranopia and Protonopia color-blind people but can be modified.
There is a bug with 'MACD 4C' by vkno422 + signal line - squattter and 'MACD for colour blind people' by cfhrtd in that it draws the MACD line itself as a histogram, rather than...
Blau's Ergodic Candlestick Oscillator = a decent trend finder, however slightly lagged. It can help you to see a reversal entry if you are looking for one. I find the one line ECO hard to use, so I have created this histogram version with a signal line. The colors help to show you whats going on with the ECO and its bias. This indicator shows up in a couple...
This is a script for a view I wanted to go along with the Autoview plugin I bought. Keep in mind this is my first script and was created for me to learn the Pinescript framework. This isn't meant to be perfect. Indicator colors are usually blue or green or red. Also keep in mind since this is my first script in a new framework, the more stuff I build the better...
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