This script creates a STDEV in a candle format so you can see the Change in a candle format and compare it with the actual price candle.
Is very similar to SMU RSI and SMU ROC. The interesting part is to see the full effect of traditional indicators in a candle format rather than a simple plot format. Very interesting view in SPX. There is a very big clue in the...
Creator: Michael G. Zahorchak.
The Art of Low Risk Investing by Michael G. Zahorchak, 1977. Unfortunately, it's all but impossible to find a copy these days.
The Complete Guide to Market Breadth Indicators by Gregory L. Morris, 2006. A fantastic resource for those interested in Technical Analysis or creating their own trend based system.
Volume Scale by Price (VSP) show volume of bar in y-axis (price-axis) with options below:
1. Number of histogram
* Number of histogram = 0 => do not plot volume histogram
* Number of histogram = 1 => plot volume of 21 lasted bar (bar to bar )
* Number of histogram = 2 => plot volume of 21 bar next histogram 1 (bar to bar )
2. Line width
* Columns width of...
The original problem: The choppiness index is great at finding ranging markets, but it is sometimes very slow, which means most of the time it only catches the end of a trend.
This indicator tries to solve this. It uses the choppiness index and filters it using a factor that is based on the standard deviation of the ATR.
The ATR based filter is calculated by...
The Grover Llorens Activator is a trailing stop indicator deeply inspired by the parabolic SAR indicator, and aim to provide early exit points and reversal detection. The indicator was posted not so long ago, you can find it here :
Today a strategy using the indicator...
This script is a continuation from Duyck's Unicode font function
A different approach made on this function to able change font type on a single string
Now you can call it as a function to change the font type on every string that you need,
either it is for a Label or regular Text
Shoutout to @Duyck for his amazing works on this function.
Thank you to PineScript...
You don't need loops to get the rolling correlation between an input series and a linear sequence of values, this can be obtained from the normalized difference between a WMA and an SMA of the input series.
The closed-form solutions for the moving average and standard deviation of a linear sequence can be easily calculated, while the same rolling statistics for...
Graham Number is named after the “father of value investing,” Benjamin Graham, who was a mentor of Warren Buffett. The figure takes into account earnings per share and book value per share to measure a stock's maximum fair market value. In other words, it is the upper end of the price range that a defensive investor should pay for the stock.
The Graham Number =...
Draws background columns indicating BTC difficulty adjustments
Green = positive adjustments
Red = negative adjustments
Use Threshold mode and Threshold to look for adjustments larger or equal to Threshold value
Use on DAILY timeframe
This is a very simple script. It displays a message above the latest price. I coded it because I need a constant reminder to keep me from overtrading.
You can customize several options:
- The message text
- How high above the latest price the message is displayed
- How often it is displayed. 1=display constantly, 2=only show it during every other period, 3=only...
The idea behind this indicator is to have an expression for the amount of divergence on a given chart at every point in time . To achieve this, it adds up the magnitudes any valid divergence of any kind; bullish, bearish or their hidden variants. Where a valid divergence consists of a line on the source series (almost always the closing price), and a line on...
Yield Curve Percent Inverted Indicator
This indicator will check all fifty-five Treasury Bond Yield spreads - every combination from
1-month up to 30-year - and then graph the percentage of spreads which are inverted.
Yield curve inversion occurs when the...
Pinescript only allows the use of one type of font in texts and label, which causes some inconveniences:
- It's hard to make a label or text "look nice" and clear because it's not possible to use a different font for titles, etc.
- Because the default Pinescript font is not a monospaced font, (in Pinescript different characters have different widths)
It's almost the end of 2020. If you don't have any snow outside but still you want some Christmas mood - feel free to use my indicator.
TradingView added a possibility to use up to 500 labels, so I decided to create something fun and completely useless.
Snowflakes suppose to fall nicely, but labels are not regularly updated by TradingView. If you know how to make...
//Every spread & central tendency measure in 1 script with comfortable visualization, including scrips's status line.
- Standard deviation (for most cases);
- Average deviation (if there are extreme values);
- GstDev - Geometric Standard Deviation (exclusively for Geometric Mean);
- HstDev - Harmonic Deviation (exclusively for Harmonic...