Welcome to Pine Script Tutorial #4 This is more complex than the previous 3 tutorials. This one builds upon the first 3 tutorials. What does this code do?: It plots on a histogram (at the bottom), the difference between closest round number and the close. So for example 84 -close = 16 pips. It shows the 16 pips on the histogram. First off, it is actually Two...
Bill William Bull/Bear divergent bars See: Book, Trading Chaos by Bill Williams Coded by polyclick A bullish (green) divergent bar, signals a trend switch from bear -> bull -> The current bar has a lower low than the previous bar, but closes in the upper half of the candle. -> This means the bulls are pushing from below and are trying to take over,...
This is a requested update of this script. This is a standard CCI indicator that shows a coloured histogram of important CCI levels, giving a good visual of the CCI levels. Added to this version is an extra coloured level +/-200 and an option to calculate CCI with EMA instead of the standard SMA. CCI LEVELS: Light Green - Greater than 0 and less than 100. ...
Last Edited: 5/19/16 Description: This is a basic Stochastic histogram that essentially shows when the indicator is either above or below the 50 level. Colors can be customized to your liking. Length and smoothing factor can be adjusted...
Simply look for a 12 point long bar and that's a perfect time to buy the security
The related article is copyrighted material from Stocks & Commodities 2009 Oct
This creates a replica of relative distance from the moving averages, a good way to measure the strength, divergences etc.... short, mid and long term waves. List of All my Indicators - www.tradingview.com