For a full free tutorial explaining this code in more detail, visit the backtest-rookies (.com) website.
This indicator will plot two trend lines at any given time. A resistance trend line and a support trend line. The resistance trend is shown with red circles and is created by joining swing highs together. The second is a support trend which is...
Delta Volume is Difference between Buying Volume and Selling Volume. This indicator gives the Delta Volume based on Lower TimeFrame Candles. It utilizes security_lower_tf() function, a function that provides Lower TF candle data in Higher TF Chart.
security_lower_tf() is a new function provided by TradingView yesterday. If you are a PineScript Programmer, I...
Quickly Identify Trends with the Elder Impulse Indicator.
Pretty much the same as , but written from scratch to be simpler to use and the source code easier to read (no offense, LazyBear)
For more info, see stockcharts.com
I welcome you to my first published script on TradingView: “Multi-timeframe Moving Averages + Stochastic RSI”.
The script is based on a simple formula: Buy signals are generated when a fast moving average is above a slower moving average (uptrend) and the Stochastic RSI K line is crossing above the oversold level (entry).
Sell signals are generated...
First of all the biggest thanks to @tista and @KivancOzbilgic for publishing their open source public indicators Bayesian BBSMA + nQQE Oscillator. And a mighty round of applause for @MarkBench for once again being my superhero pinescript guy that puts these awesome combination Ideas and ES stradegies in my head together. Now let me go ahead and explain what we...
This script provides clear volume trends on any time frame. You set a long term volume trend moving average (ex 100 periods). A shorter term MA of your choice (10 in this example) will oscillate above and below based on the standard deviations of its current value relative to the long term #.
Similarly, large volume bars are plotted in terms of st dev above the...
Green Line = DM+
Red Line = DM-
Black Line = ADX
White Line = ADX Entry (if ADX is below this line indicates trend is weakness)
The indicator shows de DM- and DM+ cross, If the DM+ is above the DI- is in an uptrend (green background). Conversely, if the DM- is above the DI+ is in a downtrend (red background)
I recommend using it together with some other...
A multi-use indicator
1) Robust VWAP with up to 3 deviations that can be adjusted for Session, Week, Month, Quarter, Year, Decade, Century, Earnings , Dividend, & Split intervals
2) 20 customizable Moving Averages that can be changed to EMAs, SMAs , WMAs, SMMAs, and VWMAs; can also be adjusted to Candle Closes, Highs, Lows, Opens, HLC3, HL2...
Here are two moving averages, one based on positive candles and the other based on negative candles. If the current bar is positive, the negative MA will use its last known negative bar for the calculation. The default setting uses Heikin Ashi to smooth the candles with the trend, you can turn this off if you want in inputs.
Let me know if you find it useful :)
Interesting performance for Super Trend strategy for Tesla ( TSLA ) 1m chart.
Params: ST Mult: 3, ST Period 120.
Performance:61% profit, 637 trades, only 33% prof, 4.84% dd , 0.4 Sharpe.
On its own, it might be not a very good strategy, but the big amount of trades allows you to add more filters and improve it.
The strategy is not bad both with "when" params...
This indicator aims to compare between two charts if trader isn't sure which one is more active and powerful, it does NOT show entries or help your chart analysis directly.
The main features of this indicator is to show vitality and range of any given chart.
Volatility: it calculates the average profit of every swing in the range and the final result will be...
This strategy is made for intraday trades, especially on 5 sec - 5 min charts to follow the trend.
I have not tested on higher timeframes, but feel free to play with the values.
I have set a basic value for the 3 SMA at
We will use an oscillator for entries which is not mine. Link ->
The oscillator mentioned above is just for...
A SuperTrend like indicator based on highest and lowest candle close from a few bars back. It looks almost the same as Donchian Channels but with a dominant trend direction inside (Black line).
Uptrend: Candle closed higher than highest close
Downtrend: Candle closed lower than lowest close
This works best on higher time frames since a daily close is more...