After a long gap, I have written the 5th tutorial for the pine script. You can find the others below, if you read through all of these you should be good to do your own writing. This script mimics the Trading View Indicator . For example this one below. www.tradingview.com It shows the net result of the 28 indicator, either as buy or sell. I...
Relative Strength calculation of 3 time periods: 12 months, 6 months and 3 months.
An idea I had today morning so I had to write. It seems to detect trends well. It has three phases like a semaphor, painting the chart bars of green, yellow or red. === Bar Color Meaning === Green: uptrend Yellow: don't care Red: downtrend I think it can be useful! Thanks!
Relative strength index plotted with arrow up/down to indicate StochRSI crossovers.
This indicator give you the buy and sell force of RSI . in blue is volume based RSI ( I like better as it more smooth then regular RSI the columns in green is when RSI strength go up , columns in red when RSI power go down this way you see better the sell and buy power based on the rsi I used the model of modelius volume and hybrid it with this rsi . so...
Adapt To The Right Situation There are already some Adaptive Stochastic scripts out there, but i didn't see the concept of using different periods highest/lowest for their calculations. What we want for such oscillator is to be active when price is trending and silent during range periods. Like that the information we will see will be clear and easy to...
Trend Trigger Factor was described by M.H. Pee in the Technical Analysis of Stocks and Commodities magazine in December, 2004. From the author: The TTF (Trend Trigger Factor) will help you long in an uptrend and short in an downtrend. This indicator allows you to follow the trend and capitalize on that rare nonrandom trend component of the markets. Basically...
Description Source: www.instaforex.com The technical indicator Will-Spread was developed by Larry Williams and described in his book Long-Term Secrets to Short-Term Trading. Will-Spread is one of the strongest financial indicators, which measures the flow of price between the primary market and a secondary market. The purpose of this comparison is to...
I was inspired by this script. works in the same way but I used Exponential averages as a base you can select multiple average types as a base. You can use even a third moving average to get a slightly different painting than others. Enter trade when the trend is weakening or with a combination of momentum oscillators / whatever you can find and think that is...
This indicator is hybrid of some indicator with some modification The system is very simple (red sell, green buy ) you can use ATR system , part of price system or traditional system . and for each time frame that you use set the TF =tf to same time frame or higher then the frame that you use Its has many nice functions but in basic it show you the up trend of...
So this indicator has the following : CCI where the buy and sell signal can be either cross of the fast the slow and vice versa or cross of CCI bellow -50 and cross down CCI +50 the histogram (blue and red) is made by high low like histogram the buy and sell is based on crossing of the 0 . since its MTF type . you can toon the TF either to the time frame or use...
This oscillator is based on linear regression slope there is two system how the use it first is more conservative which is buy if cross the zero and sell if cross down the zero. the second is based on direction of the slope - if the slope go up or down . lets say the asset fall to bellow zero and the price start to pick then the color of histogram will be change...
This is a sample script I coded during one of my mentoring videos about my methodology, the goal of that video is to teach my students how they can do their R&D !
Тhis indicator shows the strength of the trend. Although its logic is quite simple but it copes with its task well. Аnd that's its advantage.
The indicator shows the strength of the trend. Despite the fact that the formula is quite simple, it performs its functions well. That is its advantage.
The script is developed to find Divergence/Convergence for various indicators it counts number of Divergence/Convergence and draws arrow Arrow length changes according to number of Divergence/Convergence that means if there is Divergence/Convergence on one indicator then arrow length = 1 if there is Divergence/Convergence on two indicator then arrow length = 2...