Bogdan Ciocoiu - Looking Glass► Description
The script shows a multi-timeline suite of information for the current ticker. This information refers to configurable moving averages, RSI, Stochastic RSI, VWAP and TSI data. The timeframes reflected in the script vary from 1m to 1h. I recommend the tool for 3m scalping as it provides good visibility upwards.
The headings from the table are:
{Close} - {MA1}
{Close} - {MA2}
{Close} - {MA3}
{MA1} - {MA2}
{MA2} - {MA3}
{RSI}
{Stoch RSI K}
{Stoch RSI D}
{VWAP}
{TSI}
{TSI EMA}
{TSI} - {TSI EMA}
► Originality and usefulness
This tool is helpful because it helps users read a chart much quicker than if they were to navigate between timeframes. The colour coding indicates an accident/descendant trend between any two values (i.e. close vs MA1, MA1-MA2, RSI K vs RSI D, etc.).
► Open-source reuse
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
www.tradingview.com
Cari skrip untuk "vwap"
+ Time Weighted Average PriceThis is basically NeoButane's script (which should be more popular than it is) with a few additions, those being primarily plotted lines of the closing price of the previous TWAP, however I've also added the optionality of plotting a second TWAP of say, maybe a different resolution if you are so inclined. Also, you may plot shapes across the top or bottom of your chart color based on if current price is above or below the previous closing price of the TWAP, in case you might want to clean the chart up a bit and not plot the actual closing price lines.
But what is TWAP, exactly, you might be saying to yourself. If you're familiar with VWAP then you've probably a pretty good idea of what this is and how it works. TWAP is a calculation that defines the weighted average price over a specific time period. Traders use TWAP as a trading strategy, or more specifically, an execution strategy, to place large orders without excessively impacting the market price. They break down the large orders into several sets of small orders priced near TWAP. Basically it's VWAP but without the volume element, and most traders will likely use it in a similar fashion as they might use VWAP, and that is like a moving average--dynamic support and resistance.
I like to think of it as displaying a price range over a specified time period (such as a month or a week). This is why I think the closes of the previous period or two are so important. Losing the previous closing price or regaining it can often give you an inclination as to whether at least some of the next period (the one you're currently in) may be bearish or bullish.
Above is a more zoomed out view of ADA/USD
And here's the same image with just the closing price for the time period plotted.
Enjoy!
WaveTrend 4h/24mWaveTrend 4h/24m is a trading tool based on two WaveTrend timeframes.
For this script the WaveTrend calculations made by LazyBear were used. WaveTrend is a widely used indicator for finding direction of an asset.
The strategy is developed by Youtuber Jayson Casper. The main strategy on the 4 hour and 24 minute timeframes, this will be the default timeframes. Timeframes can be adjusted in the indicator interface.
With Jaysons' we wait for both timeframes to have last printed a green dot for longs, and both timeframes to have last printed a red dot for shorts. When this occurs a green diamond will be printed for longs, a red diamond for shorts.
Make sure to always use the chart from the smallest timeframe you're using, so by defaults use the 24 minute chart.
Features of the indicator:
- WaveTrend Timeframe 1 (Blue/Lightblue wave).
- WaveTrend Timeframe 2 (Blue/Purple line with filled background between the lines).
- VWAP (Yellow wave which is turned off by default)
- Green/Red Diamonds
What to look for?
This script is all about the Green and Red Diamonds.
A Green diamond will be printed when on both the 4 hour and 24 minute timeframe the last printed dot was a green dot.
A Red diamond will be printed when on both the 4 hour and 24 minute timeframe the last printed dot was a red dot.
What are the Green and Red Diamonds based on?
When both VWAP timeframes are ABOVE 0, a green diamond will be printed. This is equivalent to the last dot on both WaveTrend timeframes being a green dot.
When both VWAP timeframes are BELOW 0, a red diamond will be printed. This is equivalent to the last dot on both WaveTrend timeframes being a red dot.
Happy Trading!
PROFIT INDICATORFirst let me tell you which indicators have been used in this script so that you have the confidence while taking the trade:
(a) Bollinger Band with 20 SMA Inside it - Currently it is off, you can turn it on from settings.
(b) HMA 33, I have added the option of using two HMA's simultaneously. You can use HMA, EMA, SMA as per your settings and it would be color trending.
(c) VWAP- you can turn it on from settings
(d) CPR- you can turn it on from settings
(e) EMA's 20, 50, 200. Currently off, you can turn it on from settings.
(d) SMA's 50 and 200. Currently off, yu can turn it on from settings, if you want to use 20 SMA you can use bollinger band basis that is 20 period SMA.
(f) Trend bar at bottom on the basis of 50 EMA.
(g) Half Trend
(h) Trend strength Detector
(d) EMA 50 high and low to show the pac channel. I am not using this however as per request I have added this. Currently, it is trun on and you can turn it off from settings.
(f) Auto Fib levels
Please use a stick note for few days and mention imp notes before taking trade to check if all the conditions are matching to take the trade.
Buy Condition:-
1. Bolling band should be widely open.
2. Check the support and resistance from CPR. Candle should close above support in green.
3. Check the trend bar at bottom, it should be green, if it is grey in colour dont enter in trade.
4. Candle should be closing above EMA 50 and its upto you if you need additional confirmation, you can use EMA 20, 50, 200 and SMA 50 and 200, this is optional.
5. You can use VWAP as support or resistance and you can turn it on from settings.
6. Trending HMA of 33 should be in green for buy.
7. Half trend Indicator should give buy signal.
8. Trend Strength Indicator for checking the strength of the trend, if the arrow is big upside, you can go for buy.
9. Exit from buy trade when it start showing very small arrow which means trend is about to change.
10.Exit buy trade at 61.8 Fib level
Sell Condition:-
1. Bolling band should be widely open.
2. Check the support and resistance from CPR. Candle should close below resistance in red.
3. Check the trend bar at bottom, it should be red, if it is grey in colour dont enter in trade.
4. Candle should be closing below EMA 50 and its upto you if you need additional confirmation, you can use EMA 20, 50, 200 and SMA 50 and 200, this is optional.
5. You can use VWAP as support or resistance and you can turn it on from settings.
6. Trending HMA of 33 should be in red for sell.
7. Half trend Indicator should give sell signal.
8. Trend Strength Indicator for checking the strength of the trend, if the arrow is big downside, you can go for sell.
9. Exit from sell trade when down arrows start showing very small in size which means trend is about to change.
10.Exit sell trade at 61.8 Fib level
Pulu's 3 Moving Averages
Pulu's 3 Moving Averages
Release version 1, date 2021-09-28
This script allows you to customize three sets of moving averages, turn on/off, set color and parameters. It also tags the start date of the last set of moving average if there is. This, release version 1, supports eight moving average algorithms:
ALMA, Arnaud Legoux Moving Average
EMA, Exponential Moving Average
RMA, Adjusted exponential moving average (aka Wilder’s EMA)
SMA, Simple Moving Average
SWMA, Symmetrically-Weighted Moving Average
VWAP, Volume-Weighted Average Price
VWMA, Volume-Weighted Moving Average
WMA, Weighted Moving Average
The availability and function parameters
Func. Availability Parameters
ALMA
MA1, MA2, MA3
source
length
offset
sigma
EMA
RMA
SMA
VWMA
WMA
MA1, MA2, MA3
source
length
SWMA
VWAP
MA1
source
Parameters
Parameter Description
source the series of values to process. The default is to use the closing price to calculate the moving average.
length an integer value that defines the number of bars to calculate the moving average on. The SWMA and VWAP do not use this parameter.
ALMA offset a floating-point value that controls the tradeoff between smoothness (with a value closer to 1) and responsiveness (with a value closer to 0). This parameter is only used by ALMA.
ALMA sigma a floating-point value that specifies the ALMA’s smoothness. The larger this value, the smoother the moving average is. This parameter is only used by ALMA.
I'm not sure if it is needed, so I do not let the three Moving Averages of the script to have indivial algorithm setting. Because that will involve much complicated condition testing and use up more TradingView script lines limit. If you need to combine different algorithms in the three sets of moving averages, or have other ideas, leave a message to let me know; maybe I will try it in the next update.
我不確定是否需要，所以我沒有讓腳本的三組移動平均線有各別的算法設置。因為這將涉及更多複雜的條件測試，並使用更多 TradingView 腳本列數限制。如果您需要在三組均線中組合不同的算法，或者有其他想法，請留言告訴我；也許我會在下一次更新中嘗試。
Exponential moving averages Convergence to identify Strength of Exponential moving averages Convergence to identify Strength of the stock.
Description:
This script is developed to find Convergences for many indicators. It analyses Convergences of 20days, 50days, 100days, 150days and 200days exponential moving averages. When all the plotted lines are converged and Price of stock is above the Convergence the stock is bullish, similarly if the price of the stock is below the convergence stock is bearish.
This indicator gives you VWAP and EMA’s for convergence along with Bollinger Bands.
VWAP and Bollinger bands and EMA’s can be altered as you required.
In settings menu we can enable and disable VWAP, EMA’S & Bollinger bands and in style menu even we can choose required EMA
It helps for convergence.
TWAP TrendHere we are experimenting with using TWAP for trend analysis. It appears to work better than VWAP on lower timeframes.
TWAP is a tool used by algorithm based traders that allows them to distribute their orders throughout the day without disturbing price or having their positions known to rival traders in the market. It's similar to VWAP and serves the same function, except it lacks the volume aspect. This can be an issue when position entry/exit may be affected by slippage.
The main benefit of TWAP is deciding how to distribute orders throughout the chosen timeframe. However, just like the VWAP traders will normally use it as a moving average or target for price action to pull into.
There is an option to change the timeframe that TWAP is calculated from.
Originally by NeoButane:
Non Parametric Adaptive Moving AverageIntroduction
Not be confused with non-parametric statistics, i define a "non-parametric" indicator as an indicator who does not have any parameter input. Such indicators can be useful since they don't need to go through parameter optimization. I present here a non parametric adaptive moving average based on exponential averaging using a modified ratio of open-close to high-low range indicator as smoothing variable.
The Indicator
The ratio of open-close to high-low range is a measurement involving calculating the ratio between the absolute close/open price difference and the range (high - low) , now the relationship between high/low and open/close price has been studied in econometrics for some time but there are no reason that the ohlc range ratio may be an indicator of volatility, however we can make the hypothesis that trending markets contain less indecision than ranging market and that indecision is measured by the high/low movements, this is an idea that i've heard various time.
Since the range is always greater than the absolute close/open difference we have a scaled smoothing variable in a range of 0/1, this allow to perform exponential averaging. The ratio of open-close to high-low range is calculated using the vwap of the close/high/low/open price in order to increase the smoothing effect. The vwap tend to smooth more with low time frames than higher ones, since the indicator use vwap for the calculation of its smoothing variable, smoothing may differ depending on the time frame you are in.
1 minute tf
1 hour tf
Conclusion
Making non parametric indicators is quite efficient, but they wont necessarily outperform classical parametric indicators. I also presented a modified version of the ratio of open-close to high-low range who can provide a smoothing variable for exponential averaging. I hope the indicator can help you in any way.
Thanks for reading !
CPR by NKDCentral Pivot Range (CPR) Trading Strategy:
The Central Pivot Range (CPR) is a widely-used tool in technical analysis, helping traders pinpoint potential support and resistance levels in the market. By using the CPR effectively, traders can better gauge market trends and determine favorable entry and exit points. This guide explores how the CPR works, outlines its calculation, and describes how traders can enhance their strategies using an extended 10-line version of CPR.
What Really Central Pivot Range (CPR) is?
At its core, the CPR consists of three key lines:
Pivot Point (PP) – The central line, calculated as the average of the previous day’s high, low, and closing prices.
Upper Range (R1) – Positioned above the Pivot Point, acting as a potential ceiling where price may face resistance.
Lower Range (S1) – Found below the Pivot Point, serving as a potential floor where price might find support.
Advanced traders often expand on the traditional three-line CPR by adding extra levels above and below the pivot, creating up to a 10-line system. This extended CPR allows for a more nuanced understanding of the market and helps identify more detailed trading opportunities.
Applying CPR for Trading Success
1. How CPR is Calculation
The CPR relies on the previous day's high (H), low (L), and close (C) prices to create its structure:
Pivot Point (PP) = (H + L + C) / 3
First Resistance (R1) = (2 * PP) - L
First Support (S1) = (2 * PP) - H
Additional resistance levels (R2, R3) and support levels (S2, S3) are calculated by adding or subtracting multiples of the previous day’s price range (H - L) from the Pivot Point.
2. Recognizing the Market Trend
To effectively trade using CPR, it’s essential to first determine whether the market is trending up (bullish) or down (bearish). In an upward-trending market, traders focus on buying at support levels, while in a downward market, they look to sell near resistance.
3. Finding Ideal Entry Points
Traders often look to enter trades when price approaches key levels within the CPR range. Support levels (S1, S2) offer buying opportunities, while resistance levels (R1, R2) provide selling opportunities. These points are considered potential reversal zones, where price may bounce or reverse direction.
4. Managing Risk with Stop-Loss Orders
Proper risk management is crucial in any trading strategy. A stop-loss should be set slightly beyond the support level for buy positions and above the resistance level for sell positions, ensuring that losses are contained if the market moves against the trader’s position.
5. Determining Profit Targets
Profit targets are typically set based on the distance between entry points and the next support or resistance level. Many traders apply a risk-reward ratio, aiming for larger potential profits compared to the potential losses. However, if the next resistance and support level is far then middle levels are used for targets (i.e. 50% of R1 and R2)
6. Confirmation Through Other Indicators
While CPR provides strong support and resistance levels, traders often use additional indicators to confirm potential trade setups. Indicators such as moving averages can
help validate the signals provided by the CPR.
7. Monitoring Price Action At CPR Levels
Constantly monitoring price movement near CPR levels is essential. If the price fails to break through a resistance level (R1) or holds firm at support (S1), it can offer cues on when to exit or adjust a trade. However, a strong price break past these levels often signals a continued trend.
8. Trading Breakouts with CPR
When the price breaks above resistance or below support with strong momentum, it may signal a potential breakout. Traders can capitalize on these movements by entering positions in the direction of the breakout, ideally confirmed by volume or other technical indicators.
9. Adapting to Changing Market Conditions
CPR should be used in the context of broader market influences, such as economic reports, news events, or geopolitical shifts. These factors can dramatically affect market direction and how price reacts to CPR levels, making it important to stay informed about external market conditions.
10. Practice and Backtesting for Improvements
Like any trading tool, the CPR requires practice. Traders are encouraged to backtest their strategies on historical price data to get a better sense of how CPR works in different market environments. Continuous analysis and practice help improve decision-making and strategy refinement.
The Advantages of Using a 10-Line CPR System
An extended 10-line CPR system—comprising up to five resistance and five support levels—provides more granular control and insight into market movements. This expanded view helps traders better gauge trends and identify more opportunities for entry and exit. Key benefits include:
R2, S2 Levels: These act as secondary resistance or support zones, giving traders additional opportunities to refine their trade entries and exits.
R3, S3 Levels: Provide an even wider range for identifying reversals or trend continuations in more volatile markets.
Flexibility: The broader range of levels allows traders to adapt to changing market conditions and make more precise decisions based on market momentum.
So in Essential:
The Central Pivot Range is a valuable tool for traders looking to identify critical price levels in the market. By providing a clear framework for identifying potential support and resistance zones, it helps traders make informed decisions about entering and exiting trades. However, it’s important to combine CPR with sound risk management and additional confirmation through other technical indicators for the best results.
Although no trading tool guarantees success, the CPR, when used effectively and combined with practice, can significantly enhance a trader’s ability to navigate market fluctuations.
Balance Zone ExtensionBalance zones are an aspect of trading that many traders notice. Balance Zones are formed when a market is in equilibrium and respects a certain high and low multiple times. These zones could also be called accumulation or distribution areas depending on the price action. If the term "choppy" is used to describe a given markets price action, it is probably a fair statement to say that the market is currently in a Balance Zone.
This script is a take on vwaptrader1's teachings where you take a balance zone and "double it" to get a target if/when it does break out of balance. It provides an automated way of extending levels based on a given balance range.
The lines plotted by the script are calculated based off of the balance high/low inputs, how many sections are desired per zone, and how many boxes to plot based on the other user inputs.
Warning: Due to a current limitation of the Pine, this script is only allowed to plot up to 500 lines total. If you start to notice lines starting to disappear or you begin getting a script error, double check the input settings as the script may have crossed the 500 line threshold.
This can be used in conjunction with Fixed Range Volume Profile . Select the balance range with the Fixed Volume Profile . Note the Value Area High and Value Area Low prices and input those into the balance range High/Low inputs.
Use to create price targets from Balance Zone Breakouts
A recent example of this idea in action on ticker ES1! 2 hour chart where the balance range was found and the target (double the box size of the balance range) was hit.
Another example of this same concept but on a normal security like AAPL but on a 30 minute chart:
Extending the usefulness even further to crypto on BTCUSD with a 5 minute chart:
Use to create reference levels for future price action
The other way to utilize this is to provide future reference levels from a key balance range from the past.
Here is another example utilizing the AMD daily chart . First, a balance zone was noted for all of 2017:
Moving forward to the most recent price action in 2023, notice that the box extension levels are still fairly well respected almost 6 years later!
Musashi_Katana=== Musashi-Katana ===
This tool was designed to fit my particular trading style and personal theories about the "Alchemy of the markets" and ''Harmonic Structure'.
Context
When following a Technical approach to to surf the markets, there are teachings that must be understood before reaching a confort-zone, this usually happen the possible worst way by constant experimentation, it hurts.
Here few technical hints:
- Align High timeframes with lower timeframes:
This simple concept relax a lot complexity of finding of a trend bias. Musashi-Katana allows you to use technical indicator corresponding to specific timeframes, like daily weekly or yearly. They wont change when you change the chart's timeframe, its very useful as you know where you're standing in the long term, Its quite relaxing.
- Use volume:
The constant usage of volume will allow you to sync with the market's breathing. This shows you the mass of money flowing into and out of the market, is key if you want to understand momentum. This tool can help here, as it have multi-period vwaps. You can use yearly, monthly for swing trading, and even weekly if you enjoy scalping.
Useful stuff:
- You have access to baselines, AMA and Kijun-sen with the possibility of adding ATR bands.
- AMAs come as two lines strategies for different approaches, fast medium or slow.
- You can experiment with normal and multi timeframe moving averages and other trend tools.
Final Note
If used correctly Musashi-Katana is a very powerful tool, which makes no sense as there is no correct usage. Don't add everything at the same time, experiment, combine stuff, every market is different.
Backtest every possible strategy before using it, see what works and doesn't. This gives you a lot of peace, specially while you're at the tip of the spear surfing the markets
--> I personally use this in combination with 'Musashi_Slasher (Mometum+Volatility)', as it gives me volatility and momentum in a very precise way.
MA ClustersBackground :
This study allows to define ranges for contraction and expansion of a defined set of MA to analyse the the momentum at those specific situations.
In general all functions used are very basic but allows the user to set alerts when a cluster of MA enters a defined range within or outside the MAX and MIN of a selected MA cluster. The predefined length of the EMAs were put together by HurstHorns within a trading learning discord group and are designed for 1M timeframe to read the momentum for scalping entries - Thanks again for sharing.
Functions :
currently the following MA are available:
- ema
- sma
- smma
- wma
- vwma
- vma
the variable moving average is based on the calculation from lazybear.
- RSI Stoch Filter
- Wavetrend OB/OS filter
Currently only alerts for contraction are enabled to not overload the study but in case expansion would be from interest this can be added quickly.
Outlook:
Additional filters were added to see if they can add value in. the decision making or by simply filtering out noise. This is still quite experimental. Please share any useful observation I should add as additional filter option to find good setups. in relation to contractions or expansions.
Next version will get Bollinger bands for 1 selectable MA from the list for additional study options.
In case you are interested in more options such as more MA types or vwap.. just let me know. for VMA I need to do more research to add useful function for laddering or things like that.
In general The script itself can be easily extended by additional functions. As this is one of my first scripts the code itself might not be optimal or there are more elegant ways to come to the same goal. However please use for study purposes only and report bugs or enhancement requests.
good luck and happy trading!
Volume Based Price Prediction [EdgeTerminal]This indicator combines price action, volume analysis, and trend prediction to forecast potential future price movements. The indicator creates a dynamic prediction zone with confidence bands, helping you visualize possible price trajectories based on current market conditions.
Key Features
Dynamic price prediction based on volume-weighted trend analysis
Confidence bands showing potential price ranges
Volume-based candle coloring for enhanced market insight
VWAP and Moving Average overlay
Customizable prediction parameters
Real-time updates with each new bar
Technical Components:
Volume-Price Correlation: The indicator analyzes the relationship between price movements and volume, Identifies stronger trends through volume confirmation and uses Volume-Weighted Average Price (VWAP) for price equilibrium
Trend Strength Analysis: Calculates trend direction using exponential moving averages, weights trend strength by relative volume and incorporates momentum for improved accuracy
Prediction Algorithm: combines current price, trend, and volume metrics, projects future price levels using weighted factors and generates confidence bands based on price volatility
Customizable Parameters:
Moving Average Length: Controls the smoothing period for calculations
Volume Weight Factor: Adjusts how much volume influences predictions
Prediction Periods: Number of bars to project into the future
Confidence Band Width: Controls the width of prediction bands
How to use it:
Look for strong volume confirmation with green candles, watch for prediction line slope changes, use confidence bands to gauge potential volatility and compare predictions with key support/resistance levels
Some useful tips:
Start with default settings and adjust gradually
Use wider confidence bands in volatile markets
Consider prediction lines as zones rather than exact levels
Best applications of this indicator:
Trend continuation probability assessment
Potential reversal point identification
Risk management through confidence bands
Volume-based trend confirmation
CSVParser█ OVERVIEW
The library contains functions for parsing and importing complex CSV configurations (with a special simple syntax) into a special hierarchical object (of type objProps ) as follows:
Functions:
parseConfig() - reads CSV text into an objProps object.
toT() - displays the contents of an objProps object in a table form, which allows to check the CSV text for syntax errors.
getPropAr() - returns objProps.arS array for child object with `prop` key in mpObj map (or na if not found)
This library is handy in allowing users to store presets for the scripts and switch between them (see, e.g., my HTF moving averages script where users can switch between several preset configuations of 24 MA's across 5 timeframes).
█ HOW THE SCRIPT WORKS.
The script works as follows:
all values read from config text are stored as strings
Nested brackets in config text create a named nested objects of objProps0, ... , objProps9 types.
objProps objects of each level have the following fields:
- array arS for storing values without names (e.g. "12, 23" will be imported into a string array arS as )
- map mpS for storing items with names (e.g. "tf = 60, length = 21" will be imported as <"tf", "60"> and <"length", "21"> pairs into mpS )
- map mpObj for storing nested objects (e.g. "TF1(tf=60, length(21,50,100))" creates a <"TF1, objProps0 object> pair in mpObj map property of the top level object (objProps) , "tf=60" is stored as <"tf", "60"> key-value pair in mpS map property of a next level object (objProps0) and "length (...)" creates a <"length", objProps1> pair in objProps0.mpObj map while length values are stored in objProps1.arS array as strings. Every opening bracket creates a next level objProps object.
If objects or properties with duplicate names are encountered only the latest is imported
(e.g. for "TF1(length(12,22)), TF1(tf=240)" only "TF1(tf=240)" will be imported
Line breaks are not regarded as part of syntax (i.e. values are imported with line breaks, you can supply
symbols "(" , ")" , "," and "=" are special characters and cannot be used within property values (with the exception of a quoted text as a value of a property as explained below)
named properties can have quoted text as their value. In that case special characters within quotation marks are regarded as normal characters. Text between "=" and opening quotation mark as well as text following the closing quotation mark and until next property value is ignored. E.g. "quote = ignored "The quote" also ignored" will be imported as <"quote", "The quote">. Quotation marks within quotes must be excaped with "\" .
if a key names happens to be a multi-line then only first line containing non-space characters (trimmed from spaces) is taken as a key.
")," or ") ," and similar do not create an empty ("") array item while ",," does. (",)" creates an "" array item)
█ CSV CONFIGURATION SYNTAX
Unnamed values: just list them comma separated and they will be imported into arS of the object of the current level.
Named values: use "=" sign as follows: "property1=value1, property2 = value2"
Value of several objects: Use brackets after the name of the object ant list all object properties within the brackets (including its child objects if necessary). E.g. "TF1(tf =60, length(21,200), TF2(tf=240, length(50,200)"
Named and unnamed values as well as objects can go in any order. E.g. "12, tf=60, 21" will be imported as follows: "12", "21" will go to arS array and <"tf", "60"> will go to mpS maP of objProps (the top level object).
You can play around and test your config text using demo in this library, just edit your text in script settings and see how it is parsed into objProps objects.
█ USAGE RECOMMENDATIONS AND SAMPLE USE
I suggest the following approach:
- create functions for your UDT which can set properties by name.
- create enumerator functions which iterates through all the property names (supplied as a const string array) and imports their values into the object
█ SAMPLE USE
A sample use of this library can be seen in my Multi-timeframe 24 moving averages + BB+SAR+Supertrend+VWAP script where settings for the MAs across many timeframes are imported from CSV configurations (presets).
█ FULL LIST OF FUNCTIONS AND PROPERTIES
nzs(_s, nz)
Like nz() but for strings. Returns `nz` arg (default = "") if _s is na.
Parameters:
_s (string)
nz (string)
method init(this)
Initializes objProps obj (creates child maps and arrays)
Namespace types: objProps
Parameters:
this (objProps)
method toT(this, nz)
Outputs objProps to string matrices for further display using autotable().
Namespace types: objProps, objProps1, ..., objProps9
Parameters:
this (objProps/objProps1/..../objProps9)
nz (string)
Returns: A tuple - value, merge and color matrix (autotable() parameters)
method parseConfig(this, s)
Reads config text into objProps (unnamed values into arS, named into mpS, sub-levels into mpObj)
Namespace types: objProps
Parameters:
this (objProps)
s (string)
method getPropArS(this, prop)
Returns a string array of values for a given property name `prop`. Looks for a key `prop` in objProps.mpObj
if finds pair returns obj.arS, otherwise returns na. Returns a reference to the original, not a copy.
Namespace types: objProps, objProps1, ..., objProps8
Parameters:
this (objProps/objProps1/..../objProps8)
prop (string)
method getPropVal(this, prop, id)
Checks if there is an array of values for property `prop` and returns its `id`'s element or na if not found
Namespace types: objProps, objProps1, ..., objProps8
Parameters:
this (objProps/objProps1/..../objProps8) : objProps object containing array of property values in a child objProp object corresponding to propertty name.
prop (string) : (string) Name of the property
id (int) : (int) Id of the element to be returned from the array pf property values
objProps9 type
Object for storing values read from CSV relating to a particular object or property name.
Fields:
mpS (map) : (map() Stores property values as pairs
arS (array) : (string ) Array of values
objProps, objProps0, ... objProps8 types
Object for storing values read from CSV relating to a particular object or property name.
Fields:
mpS (map) : (map() Stores property values as pairs
arS (array) : (string ) Array of values
mpObj (map) : (map() Stores objProps objects containing properties's data as pairs
TCLC(TraderChitra Learning Class)-Option ChainThis indicator plots the Option chain data of the following instruments and columns..
It plots 11 rows ,
5 Rows above the input strike price
1 Row for the input strike price
5 Rows below the input strike price
Instruments :
1. NIFTY
2. BANKNIFTY
3. FINNIFTY
4. MIDCPNifty
Columns :
1. StrikePrice
2.CMP
3.Volume
4.VWAP
5.Diff (Open-Close)
Traders need to change the expiry date to check the premium of the corresponding instruments...
There are few key things,
1. Rows in yellow are marked as ATM strike price
2. Cell values in red / green indicates the prices are trading above / below the VWAP
The prices are expected to be bullish when cmp trades above VWAP and we can gauge the trend
The column Volume provides the details in which strike price more traders are actively traded..
The far month contracts can also be changed in the settings and it helps the swing/positional traders
The Strike price can be modified to check the appropriate strikes
Overlay-ChartOverlay-Chart Indicator
The Overlay-Chart Indicator is an advanced script designed for scalpers and day traders, providing comprehensive insights into daily, weekly, monthly, and previous period price levels. This indicator helps traders visualize critical price levels and make informed decisions based on historical and current data.
Key Features:
Drawing Future Lines with Labels:
The script uses the drawFutureLine function to plot future price levels with customizable labels. This helps traders anticipate and react to key price points.
Daily Levels:
Displays the open, low, high, close, and equilibrium (EQ) prices for the current day. This provides a quick reference for daily trading ranges and significant price points.
Weekly Levels:
Shows the open, low, high, close, and equilibrium prices for the current week, offering a broader view of market trends and key weekly price levels.
Monthly Levels:
Illustrates the open, low, high, close, and equilibrium prices for the current month, enabling traders to understand long-term trends and significant monthly price points.
Previous Day, Week, and Month Levels:
Historical data from previous periods (day, week, month) is displayed, allowing traders to compare past and present price levels to identify patterns and potential support/resistance levels.
Customizable Colors:
Traders can choose colors for daily, weekly, monthly, and previous day levels to enhance chart readability and personalization.
Flexible Display Options:
Users can select which price levels (Open, Low, High, Close, EQ) to display for each period (daily, weekly, monthly, previous day, week, month).
How It Works:
The script fetches historical and current price data using the request.security function. It then uses these data points to draw lines on the chart representing significant price levels. These lines are drawn into the future to help traders visualize where these levels will be in upcoming bars. Labels are added to these lines for easy identification.
How to Use:
Configure Inputs:
Enable or disable the display of daily, weekly, monthly, and previous period levels using the input options.
Customize colors for different levels to match your charting preferences.
Analyze Key Levels:
Observe the plotted lines and labels to understand critical price points for the current and past periods.
Use this information to identify potential entry and exit points, support and resistance levels, and overall market trends.
Future Planned Features:
The script includes several features that are currently commented out but planned for future updates:
Volume Weighted Average Price (VWAP):
Display VWAP for daily, weekly, and monthly periods to provide an average price based on volume.
Point of Control (POC):
Show the price level with the highest trading volume for daily, weekly, and monthly periods.
Value Area High (VAH) and Low (VAL):
Display the upper and lower boundaries of the value area where most trading activity occurs for daily, weekly, and monthly periods.
These enhancements will offer additional insights into volume distribution and market sentiment, further improving the utility of the Overlay-Chart Indicator for traders.
This script is specifically designed to cater to the needs of scalpers and day traders who require precise, visually intuitive data for their trading strategies. The planned features will further enhance its effectiveness, providing a comprehensive tool for market analysis.
Uptrick: TrendVol IndicatorPurpose:
The "Uptrick: TrendVol Indicator," known by its abbreviated title 'U:TVI,' is meticulously crafted to offer traders insights into both trend strength and volume dynamics within the market. By visualizing trend strength relative to a moving average, analyzing volume activity, and assessing potential price movements, traders can make informed decisions and navigate the markets more effectively.
Explanation:
Moving Averages and Trend Direction:
The script computes a moving average (MA) over a specified period, allowing traders to gauge the prevailing trend direction.
Trend strength is assessed by measuring the distance between the closing price and the moving average, providing a quantitative representation of market momentum.
By comparing the current price relative to the moving average, traders can determine potential price directionality, with prices above the MA suggesting bullish sentiment and prices below indicating bearish sentiment.
Volatility Analysis:
Volatility is measured using the Average True Range (ATR) indicator over a user-defined period, aiding traders in assessing the potential range of price movements.
By plotting the ATR value alongside trend strength, traders gain valuable insights into both trend stability and potential breakout opportunities.
Additional Moving Averages and Multiple Time Frame Analysis:
The script incorporates another moving average (MA2) over a different period, enabling traders to conduct multiple time frame analysis and validate trend signals across different time frames.
The inclusion of MA2 enhances the robustness of trend identification and facilitates a more comprehensive understanding of market trends.
Volume Analysis:
Volume analysis is conducted by computing a moving average of volume over a specified period, allowing traders to discern patterns of increasing or decreasing volume activity.
Bars with volume exceeding a predefined threshold are highlighted, providing traders with insights into significant volume spikes that may accompany price movements.
Determining Potential Price Movements:
Traders can utilize the "Uptrick: TrendVol Indicator" to assess the likelihood of potential price movements.
A bullish bias may be inferred when the current price is above both the moving average and the volume-weighted average price (VWAP), accompanied by rising volume.
Conversely, a bearish bias may be indicated when the price is below both the moving average and the VWAP, with declining volume reinforcing the potential for downward price movements.
Utility and Potential Usage:
The indicator serves as a powerful tool for traders, offering a holistic view of market dynamics encompassing trend strength, volume activity, and potential price movements.
Traders can leverage the insights provided by the indicator to identify trading opportunities, manage risk effectively, and capitalize on emerging market trends with confidence.
Through its comprehensive design and advanced features, the "Uptrick: TrendVol Indicator" equips traders with actionable insights into market dynamics, enabling them to make well-informed trading decisions and navigate the markets with precision.
Kalman Filter Volume Bands by TenozenHello there! I am excited to introduce a new original indicator, the Kalman Filter Volume Bands. This indicator is calculated using the Kalman Filter, which is an adaptive-based smoothing quantitative tool. The Kalman Filter Volume Bands have two components that support the calculation, namely VWAP and VaR.
VWAP is used to determine the weight of the Kalman Filter Returns, but it doesn't have a significant impact on the calculation. On the other hand, VaR or Value at risk is calculated using the 99th percentile, which means that there is a 1% chance for the returns to exceed the 99th percentile level. After getting the VaR value, I manually adjust the bands based on the current market I'm trading on. I take the highest point (VaR*2) and the lowest point (-(VaR*2)) from the Kalman Filter, and then divide them into segments manually based on my preference.
This process results in 8 segments, where 2 segments near the Kalman Filter are further divided, making a total of 12 segments. These segments classify the current state of the price based on code-based coloring. The five states are very bullish, bullish, very bearish, bearish, and neutral.
I created this indicator to have an adaptive band that is not biased toward the volatility of the market. Most band-based indicators don't capture reversals that well, but the Kalman Filter Volume Bands can capture both trends and reversals. This makes it suitable for both trend-following and reversal trading approaches.
That's all for the explanation! Ciao!
Additional Reminder:
- Please use hourly timeframes or higher as lower timeframes are too noisy for reliable readings of this indicator.
NASDAQ 100 Peak Hours StrategyNASDAQ 100 Peak Hours Trading Strategy
Description
Our NASDAQ 100 Peak Hours Trading Strategy leverages a carefully designed algorithm to trade within specific hours of high market activity, particularly focusing on the first two hours of the trading session from 09:30 AM to 11:30 AM GMT-5. This period is identified for its increased volatility and liquidity, offering numerous trading opportunities.
The strategy incorporates a blend of technical indicators to identify entry and exit points for both long and short positions. These indicators include:
Exponential Moving Averages (EMAs) : A short-term 9-period EMA and a longer-term 21-period EMA to determine the market trend and momentum.
Relative Strength Index (RSI) : A 14-period RSI to gauge the market's momentum.
Average True Range (ATR) : A 14-period ATR to assess market volatility and to set dynamic stop losses and trailing stops.
Volume Weighted Average Price (VWAP) : To identify the market's average price weighted by volume, serving as a benchmark for the trading day.
Our strategy uniquely applies a volatility filter using the ATR, ensuring trades are only executed in conditions that favor our setup. Additionally, we consider the direction of the EMAs to confirm the market's trend before entering trades.
Originality and Usefulness
This strategy stands out by combining these indicators within the NASDAQ 100's peak hours, exploiting the specific market conditions that prevail during these times. The inclusion of a volatility filter and dynamic stop-loss mechanisms based on the ATR provides a robust method for managing risk.
By focusing on the early trading hours, the strategy aims to capture the initial market movements driven by overnight news and the opening rush, often characterized by higher volatility. This approach is particularly useful for traders looking to maximize gains from short-term fluctuations while limiting exposure to longer-term market uncertainty.
Strategy Results
To ensure the strategy's effectiveness and reliability, it has undergone rigorous backtesting over a significant dataset to produce a sample size of more than 100 trades. This testing phase helps in identifying the strategy's potential in various market conditions, its consistency, and its risk-to-reward ratio.
Our backtesting adheres to realistic trading conditions, accounting for slippage and commission to reflect actual trading scenarios accurately. The strategy is designed with a conservative approach to risk management, advising not to risk more than 5-10% of equity on a single trade. The default settings in the script align with these principles, ensuring that users can replicate our tested conditions.
Using the Strategy
The strategy is designed for simplicity and ease of use:
Trade Hours : Focuses on 09:30 AM to 11:30 AM GMT-5, during the NASDAQ 100's peak activity hours.
Entry Conditions : Trades are initiated based on the alignment of EMAs, RSI, VWAP, and the ATR's volatility filter within the designated time frame.
Exit Conditions : Includes dynamic trailing stops based on ATR, a predefined time exit strategy, and a trend reversal exit condition for risk management.
This script is a powerful tool for traders looking to leverage the NASDAQ 100's peak hours, providing a structured approach to navigating the early market hours with a robust set of criteria for making informed trading decisions.
lib_mathLibrary "lib_math"
a collection of functions calculating without history operator to avoid max_bars_back errors
mean(value, reset)
Parameters:
value (float) : series to track
reset (bool) : flag to reset tracking
@return returns average/mean of value since last reset
vwap(value, reset)
Parameters:
value (float) : series to track
reset (bool) : flag to reset tracking
@return returns vwap of value and volume since last reset
variance(value, reset)
Parameters:
value (float) : series to track
reset (bool) : flag to reset tracking
@return returns variance of value since last reset
trend(value, reset)
Parameters:
value (float) : series to track
reset (bool) : flag to reset tracking
@return where slope is the trend direction, correlation is a measurement for how well the values fit to the trendline (positive means ), stddev is how far the values deviate from the trend, x1 would be the time where reset is true and x2 would be the current time
DIY Custom Strategy Builder [ZP] - v1DISCLAIMER:
This indicator as my first ever Tradingview indicator, has been developed for my personal trading analysis, consolidating various powerful indicators that I frequently use. A number of the embedded indicators within this tool are the creations of esteemed Pine Script developers from the TradingView community. In recognition of their contributions, the names of these developers will be prominently displayed alongside the respective indicator names. My selection of these indicators is rooted in my own experience and reflects those that have proven most effective for me. Please note that the past performance of any trading system or methodology is not necessarily indicative of future results. Always conduct your own research and due diligence before using any indicator or tool.
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Introducing the ultimate all-in-one DIY strategy builder indicator, With over 30+ famous indicators (some with custom configuration/settings) indicators included, you now have the power to mix and match to create your own custom strategy for shorter time or longer time frames depending on your trading style. Say goodbye to cluttered charts and manual/visual confirmation of multiple indicators and hello to endless possibilities with this indicator.
What it does
==================
This indicator basically help users to do 2 things:
1) Strategy Builder
With more than 30 indicators available, you can select any combination you prefer and the indicator will generate buy and sell signals accordingly. Alternative to the time-consuming process of manually confirming signals from multiple indicators! This indicator streamlines the process by automatically printing buy and sell signals based on your chosen combination of indicators. No more staring at the screen for hours on end, simply set up alerts and let the indicator do the work for you.
Available indicators that you can choose to build your strategy, are coded to seamlessly print the BUY and SELL signal upon confirmation of all selected indicators:
EMA Filter
2 EMA Cross
3 EMA Cross
Range Filter (Guikroth)
SuperTrend
Ichimoku Cloud
SuperIchi (LuxAlgo)
B-Xtrender (QuantTherapy)
Bull Bear Power Trend (Dreadblitz)
VWAP
BB Oscillator (Veryfid)
Trend Meter (Lij_MC)
Chandelier Exit (Everget)
CCI
Awesome Oscillator
DMI ( Adx )
Parabolic SAR
Waddah Attar Explosion (Shayankm)
Volatility Oscillator (Veryfid)
Damiani Volatility ( DV ) (RichardoSantos)
Stochastic
RSI
MACD
SSL Channel (ErwinBeckers)
Schaff Trend Cycle ( STC ) (LazyBear)
Chaikin Money Flow
Volume
Wolfpack Id (Darrellfischer1)
QQE Mod (Mihkhel00)
Hull Suite (Insilico)
Vortex Indicator
2) Overlay Indicators
Access the full potential of this indicator using the SWITCH BOARD section! Here, you have the ability to turn on and plot up to 14 of the included indicators on your chart. Simply select from the following options:
EMA
Support/Resistance (HeWhoMustNotBeNamed)
Supply/ Demand Zone ( SMC ) (Pmgjiv)
Parabolic SAR
Ichimoku Cloud
Superichi (LuxAlgo)
SuperTrend
Range Filter (Guikroth)
Average True Range (ATR)
VWAP
Schaff Trend Cycle ( STC ) (LazyBear)
PVSRA (TradersReality)
Liquidity Zone/Vector Candle Zone (TradersReality)
Market Sessions (Aurocks_AIF)
How it does it
==================
To explain how this indictor generate signal or does what it does, its best to put in points.
I have coded the strategy for each of the indicator, for some of the indicator you will see the option to choose strategy variation, these variants are either famous among the traders or its the ones I found more accurate based on my usage. By coding the strategy I will have the BUY and SELL signal generated by each indicator in the backend.
Next, the indicator will identify your selected LEADING INDICATOR and the CONFIRMATION INDICATOR(s).
On each candle close, the indicator will check if the selected LEADING INDICATOR generates signal (long or short).
Once the leading indicator generates the signal, then the indicator will scan each of the selected CONFIRMATION INDICATORS on candle close to check if any of the CONFIRMATION INDICATOR generated signal (long or short).
Until this point, all the process is happening in the backend, the indicator will print LONG or SHORT signal on the chart ONLY if LEADING INDICATOR and all the selected CONFIRMATION INDICATORS generates signal on candle close. example for long signal, the LEADING INDICATOR and all selected CONFIRMATION INDICATORS must print long signal.
The dashboard table will show your selected LEADING and CONFIRMATION INDICATORS and if LEADING or the CONFIRMATION INDICATORS have generated signal. Signal generated by LEADING and CONFIRMATION indicator whether long or short, is indicated by tick icon ✔. and if any of the selected CONFIRMATION or LEADING indicator does not generate signal on candle close, it will be indicated with cross symbol ✖.
how to use this indicator
==============================
Using the indicator is pretty simple, but it depends on your goal, whether you want to use it for overlaying the available indicators or using it to build your strategy or for both.
To use for Building your strategy: Select your LEADING INDICATOR, and then select your CONFIRMATION INDICATOR(s). if on candle close all the indicators generate signal, then this indicator will print SHORT or LONG signal on the chart for your entry. There are plenty of indicators you can use to build your strategy, some indicators are best for longer time frame setups while others are responsive indicators that are best for short time frame.
To use for overlaying the indicators: Open the setting of this indicator and scroll to the SWITCHBOARD section, from there you can select which indicator you want to plot on the chart.
For each of the listed indicators, you have the flexibility to customize the settings and configurations to suit your preferences. simply open indicator setting and scroll down, you will find configuration for each of the indicators used.
I will also release the Strategy Backtester for this indicator soon.
Volume HeatMap With Profile [ChartPrime]The Volume Heatmap with Profile indicator is a tool designed to provide traders with a comprehensive view of market activity through customizable visualizations. This indicator goes beyond traditional volume analysis by offering a range of adjustable parameters and features that enhance analysis of volume and give a cleaner experience when analyzing it.
To get started click the start and end time for the profile.
Key Features:
Extended Calculation: This indicator extends its calculation to the last bar, ensuring that the user has insights into current market dynamics.
Point of Control (POC): Easily identify the price level at which the highest trading activity has occurred, helping the user pinpoint potential reversal points and significant support/resistance zones.
VWAP Point of Control: Display the Volume Weighted Average Price (VWAP) Point of Control, giving the user a clear reference for determining the average price traders are paying and potential price reversals.
Adjustable Colors for Heatmap: Change the heatmap colors to the users preference, allowing the user to match the indicator's appearance to their chart style and personal visual preferences.
Forecasted Zone: This feature allows traders to forecast areas of high activity by providing the option to adjust colors within this zone. This feature assists in identifying potential breakouts or areas where increased trading volume is anticipated.
Volume Profile: Customize the colors of the volume profile to make it distinct and easily distinguishable on the chart.
Adjustable Volume Levels: Specify the number volume levels that are most relevant to your trading strategy.
Adjustable Placement for Volume Profile: Position the volume profile on the chart. Whether the user prefers it on the left, right, or at the center of the chart, this indicator offers placement flexibility.
The ratio of bull vs bear volume is plotted on the outside of the range indicating how bullish or bearish price action is in a given range.
AI-Bank-Nifty Tech AnalysisThis code is a TradingView indicator that analyzes the Bank Nifty index of the Indian stock market. It uses various inputs to customize the indicator's appearance and analysis, such as enabling analysis based on the chart's timeframe, detecting bullish and bearish engulfing candles, and setting the table position and style.
The code imports an external script called BankNifty_CSM, which likely contains functions that calculate technical indicators such as the RSI, MACD, VWAP, and more. The code then defines several table cell colors and other styling parameters.
Next, the code defines a table to display the technical analysis of eight bank stocks in the Bank Nifty index. It then defines a function called get_BankComponent_Details that takes a stock symbol as input, requests the stock's OHLCV data, and calculates several technical indicators using the imported CSM_BankNifty functions.
The code also defines two functions called get_EngulfingBullish_Detection and get_EngulfingBearish_Detection to detect bullish and bearish engulfing candles.
Finally, the code calculates the technical analysis for each bank stock using the get_BankComponent_Details function and displays the results in the table. If the engulfing input is enabled, the code also checks for bullish and bearish engulfing candles and displays buy/sell signals accordingly.
The FRAMA stands for "Fractal Adaptive Moving Average," which is a type of moving average that adjusts its smoothing factor based on the fractal dimension of the price data. The fractal dimension reflects self-similarity at different scales. The FRAMA uses this property to adapt to the scale of price movements, capturing short-term and long-term trends while minimizing lag. The FRAMA was developed by John F. Ehlers and is commonly used by traders and analysts in technical analysis to identify trends and generate buy and sell signals. I tried to create this indicator in Pine.
In this context, "RS" stands for "Relative Strength," which is a technical indicator that compares the performance of a particular stock or market sector against a benchmark index.
The "Alligator" is a technical analysis tool that consists of three smoothed moving averages. Introduced by Bill Williams in his book "Trading Chaos," the three lines are called the Jaw, Teeth, and Lips of the Alligator. The Alligator indicator helps traders identify the trend direction and its strength, as well as potential entry and exit points. When the three lines are intertwined or close to each other, it indicates a range-bound market, while a divergence between them indicates a trending market. The position of the price in relation to the Alligator lines can also provide signals, such as a buy signal when the price crosses above the Alligator lines and a sell signal when the price crosses below them.
In addition to these, we have several other commonly used technical indicators, such as MACD, RSI, MFI (Money Flow Index), VWAP, EMA, and Supertrend. I used all the built-in functions for these indicators from TradingView. Thanks to the developer of this TradingView Indicator.
I also created a BankNifty Components Table and checked it on the dashboard.
