Introduction Making lines is great in technical analysis since it can highlights principal movements and make the analysis of the price easier when using certain methodologies (Elliott Waves, patterns). However most of the indicators making lines (Zig-Zag, simple linear regression) are non causal (repaint), this is the challenge i tried to overcome, making an...
More Efficiency Based on the Auto-Line code, the Efficient Auto Line aim to provide a more controlled adaptivity of the indicator. The first indicator of this sort worked this way : when the absolute difference between the price and the indicator is higher than the previous indicator +/- A pips of amplitude, the indicator will display the closing price, else...
it plots ema - you can choose length it plots a custom price say x it plots price x*factors > 1.0005* price 1.001* price 0.9995* price 0.999* price 1.002* price 1.004* price 1.006* price 1.008* price 1.010* price 1.012* price you can edit these , the scrip is open source it plots ohlc4 and ohlc4* factors 1.0005* ohlc4 1.001* ohlc4 0.9995* ohlc4 0.999* ohlc4 you...
line plot any of the following or any combination of them together: high, low, open, close, hl2, ohlc4
this indicator shows the trend lines and the channel which price fluctuate within, according to highest and lowest prices (historical data) every line is calculated according to present bar and no repaint occurs.
A variation on the Auto-Line indicator, we allow it to get closer to the price thanks to a drift , this also allow the line to be more directional . This indicator can be used with moving averages using crosses as signals or as a band indicator by ploting a + dev as the upper band and a - dev as the lower one. For any help or suggestions feel free to send a...
This is a customized Tradingview indicator will automatically plots ascending trend lines which formed by two adjacent swing highs. It will also draw 5 extended resistance and support levels after the trend line detected. Please contact me for purchase info.
Linear Trend Follower follows 'source' trend using lines within a number of periods ('length') using the last n periods source variation divided by 'length' as line slope. It is delayed by 'length' periods.
An indicator inspired by the Renko chart.Instead of using a static box size we use standard deviation, this make the indicator more reactive to the market state. If the indicator show no values then you have to round the price to the nearest integer, for that use the round parameter. Hope you enjoy :)
Draws line at bar on condition, up to 40 bars in length. Well, that's not a line, but a set of `—` characters. But it looks like a line, so it is line.
52WLow - Plot the moving 52week low of the stocks daily price. Great for giving warning when a stock is close or about to break down to a new low. Best is used with a light red shading below line.
A script to plot few horizontal lines on some condition
Plots the standard deviation resistance/support levels. Input the previous settlement price and the implied volatility. credit to u/UberBotMan and u/Living_Granger for the idea and formulas (preview example is using settlement of 2420 and IV of 11)
This is a custom Tradingview indicator that automatically plots descending trend lines above price bars. It will alert when the price closes above the trend line. The concept is straightforward: the trend line is formed by two adjacent peaks when the price is in a downtrend. It will save a lot of time for people (just like me) who uses trendline often. By...
Open and close lines. I used a 4 minute timeframe, so the open price goes on 08:28-08:32 central time for the 8:30 open. You can change those times if you want, just copy/paste the script and edit.
study(title="Just Nifty RSI(9)", shorttitle="RSI9") src = close, len = input(9, minval=9, title="Length") up = sma(max(change(src), 0), len) down = sma(-min(change(src), 0), len) rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down)) plot(rsi, color=blue) band1 = hline(80) band0 = hline(20) fill(band1, band0, color=purple,...
experimental: draws a line from 2 vectors(price, time) update: reformatted the function, added automatic detection of the period multiplier by approximation(gets a bit goofy with stocks/week time), example using timestamp() function. offsetting is still bugged, i cant find a way around it atm.
Welcome traders, I have made this script wishing a higher gain, Originally, this strategy is taken from Ichimoku Kinko Hyo Simply: ChinkouPro crossing with price is giving a clear opportunity. Review it, master it, work it. first version change log Delete function of lazy trader { smooth candle } Delete function of alert , { make alert from...