Balance of Force Day of the Week (BOFDW)The script is a custom technical indicator for TradingView that is based on an analysis of the price movements of a financial instrument over the course of a week. The indicator uses a variety of inputs, including the open and close prices for each day of the week, to determine the "BOF" (BOF) for each day.
The BOF is calculated based on the relative magnitude of bullish and bearish price movements and is then used to determine the average BOF over a moving window of data points. This average BOF is displayed on the chart as an overlay, providing a measure of the average bullishness or bearishness of the financial instrument over the course of a week.
The indicator also allows users to specify the location of the overlay on the chart and to customize the appearance of the overlay with options for text and box colors. The script provides a number of built-in options for chart position, including the top-left, top-middle, top-right, middle-left, middle-center, middle-right, bottom-left, bottom-middle, and bottom-right corners of the chart.
Overall, this custom technical indicator is a useful tool for traders and investors who are looking to gain a deeper understanding of the price trends of a financial instrument over the course of a week. By providing a clear and concise measure of the average POF over time, the indicator can help users identify key patterns in the market and make more informed trading decisions.
חפש סקריפטים עבור "THE SCRIPT"
Balance of Force (BOF)The script "Balance of Force" is an indicator that aims to provide insight into the bullish and bearish forces present in the market by analyzing the relationship between bullish and bearish true ranges. The indicator first calculates the bearish and bullish true ranges by taking the absolute difference between the open and close prices for each period and summing these values over a user-specified length. It then calculates the ratio of the bullish true range to the bearish true range and takes the natural logarithm of this value, resulting in the "bullish-bearish ratio".
The script then calculates the standard deviation of this ratio over a user-specified length to create a measure of volatility. Using this deviation and the dominant cycle, it then applies an exponential moving average to smooth the ratio. The indicator plots the smoothed ratio, the raw ratio, and the deviation of the ratio multiplied by 1, 2 and 3 in addition to filling the area between the deviation multiplied by 3 and the log(1) with red and green. The user can use the indicator to identify potential bullish or bearish market conditions by analyzing the relationship between the smoothed ratio and the log(1) and the deviation of the ratio.
Pivot Point Moving Average (PPMA)The script is an implementation of an indicator called "PPMA", which stands for "Pivot Point Moving Average." This indicator is designed to be used as a overlay, meaning that it will be plotted on top of the underlying asset's price chart.
The main function of the PPMA indicator is to calculate a moving average based on pivot points of the underlying asset. Pivot points are commonly used in technical analysis to identify key levels of support and resistance, and this indicator uses the pivot points in a unique way to calculate the moving average.
The indicator's main function, "ppma()," is defined as taking two input parameters, "left" and "right." These parameters determine the number of bars to the left and right of a pivot point that will be used to calculate the moving average. The function uses the "ta.pivothigh()" and "ta.pivotlow()" functions to identify pivot points for the high and low prices, respectively. Then the function uses the "ta.change()" function to identify if there is a change in pivot point.
The function keeps track of the number of bars and their sum from the last pivot point until the next pivot point is reached. If there is a change in pivot point, it will reset the count and sum. It will return the sum divided by the count, which is the moving average of the prices between the two pivot points.
The script then uses the PPMA function to plot the moving average on the chart using the "plot()" function. The user is able to adjust the number of bars to the left and right of the pivot point using the "left" and "right" input parameters.
In summary, the PPMA indicator is a unique moving average that uses pivot points to calculate the average. It is designed to be used as an overlay on top of an underlying asset's price chart and can be adjusted by the user to suit their needs. It can help traders identify key levels of support and resistance in the underlying asset.
TPTR_Dynamic_Ratio_CorrelatorThe script provides a way to compute ratio between two indexes (or stocks) of your choice, and paints a "up-arrow" below the first candle where and when the value of the ratio exceeds your threshold of choice.
It also creates a table summarizing the value of your securities, and the value of the ratio below.
The script will also alert you with a message (automatically) when the ratio of your security_1 and security_2 exceeds the ratio.
MA Strategy Emperor insiliconotThe Script offers 9 different EMAs with 14 different MA types.
The make use of the script is to find the entry on the 1-4 hour altcoins while using the in-built 13/21 crossover strategy to be used in sync with Heikin Ashi cross-over with Fib levels of 0.236 Fib level.
How to use it.
Entry is to be made when the
1. Cross over gives a P(Positive Sign) and the candle completely closes above the cross-over
2. When the Heikin Ashi turns green and the next green HA candle goes above the previous green HA candle.
3. The price should be at-least above the 0.236 Level from the Swing high.
All the Best.
EmperorBTC
Pi Cycle Bitcoin Top IndicatorThe script implements the Pi Cycle Top indicator
This indicator identifies tops in the bitcoin market cycle. Historically, the Pi Cycle Top indicator has called out tops in the price of bitcoin within three days.
The script is very easy to use and it is possible to change the following parameters:
the time interval (default value is day);
the days of long moving average (default value is 365)
the days of short moving average (default value is 111)
show the moving average plots
show the Pi Cycle Top label highlighting the cross-point
EMA21 Speed & AccelThe script calculates an plots first and second derivatives of a EMA of "length" periods, with a default value of 21 periods.
- Blue curve is the first derivative of the EMA, which can be interpreted as the "speed" , "slope", or percentage of gains (or loses) walking over the EMA, measured in % per period. If timeframe is Days, it will show a %/day on the scale @ the right of graphic.
- Fuchsia curve is the second derivative of the EMA, and can be assumed to be the "acceleration" or driving force that could augment or diminish the EMA Speed.
When Speed & Acceleration ar both >=0, EMA is in positive rally, and becoming stepper, so the bacground is colored green.
First and second derivatoves are performed using "basis functions", as are applied in FEM implementation.
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El Script calcula y plotea la primera y segunga derivada de una EMA de "length" períodos, con un valor por defecto de 21.
- La curva azul es la primera derivada de la EMA; que puede ser interpretada conmo su "velocidad", "pendiente" o % de ganancia o pérdida que se tendría sobre la EMA. Cuando la unidad de tiempo del gráfico es Días, permite visualizar en la escala de la derecha el % de ganancia o pérdida por día.
- La curva Fucsia muestra la segunda derivada, o "Aceleración", que se puede interpretar como la fuerza que puede aumentar o dismu¿inuir la pendiente de la EMA.
Cuando la Velocidad y Aceleración son mayores que cero, las ganancias aumentan cada período, y el findo de colorea de verde.
Las derivadas primera y segunda se calculan usando técnicas de funciones de forma, como las aplicadas en el MEF.
RSI4RULESThe Script is for use with the strategy of the 4 rules of Daven Icao. It is an RSI (black) with two Emas, 3 (blue) and 10 (red). To buy the RSI is expected to cross with the Emas in oversold zone, which is level 25; level 75 is an overbought area where we expect the RSI to cross with the Emas. If you consider that this script can be used in another strategy, use it! You can modify the values of the RSI and the Emas.
Price X volume relative trade algoThe script multiplies the price time the volumes. Than relatively calculates whether the stock or product is oversold or overbought. One can subsequently set when to go short or when to go long. The way it works is that there is a small 1 for a long and a -1 for a short. If it is 1 and the followed by a 2 one has a profit. If a -1 is followed by a -2 you traded a short with a profit.
If however a 1 is followed by a -1 you lost a long. Vice verse for the short: if the -1 is followed by a 1 you have a loss.
Once can also set a target and arrange the stop loss they way you want. A little bit complicated with many parameters to set in the setting window. But for the one who has the patient to understand the script I believe it can be very useful.
Jan de Korver:
Search the secret www.behance.net
JAR - 9 MAs with Entry Points The script allows you to display multiple MAs on the chart with customization options for the MA periods and types.
It plots buy and sell signals based on whether the MAs are in the correct order (buy) or reverse order (sell).
simple script and will have more update soon
Market MonitorThe script can be used to send a JSON message to the webhook once per time. For example, to store market conditions in an external database. The latter is make sense for smaller timeframes due to TradingView limitations on the number of available bars. The interval between messages can be set in the settings. To set up transmitted market metrics, you will probably need to modify the script code to add metrics that are important to you.
GREEN/RED BAR TableThe scripts analyzed past 100 candles stick to show the amounts of green and red bar.
INVEST BTC (from @tradinglord)The script highlight point of interest for investors using EMA, RSI and a bit of criticism.
The script is built to be used on a weekly timeframe
When RSI is bellow 35 it can be interesting to invest in BTC, on the opposite when it is above 80 can be where to take a bit of profits.
Also using EMA to flow with the power of the trend or change your bias depending on conditions.
Feel free to use the included alerts to be informed when RSI is telling you something.
The idea is quite simple, and you will not gain x100 your investment, but with these kind of investments and some patience you could make your way out.
Obviously not financial advice, understand what you are doing.
"Sometimes it's better to be rational monkey than a greedy baboon" - Tradinglord 2022
Autocorrelation strategy The script is purely mathematical, I plan to add a lot more to the script but for now it shows the autocorrelation 1 and 2 years into the past
(Only works with daily setting)
Retroceso 3%, 5%, 20% desde ATHThe Script shows us the% retracement that an action or ETF normally makes after it reaches its ATH, it also allows us to see the EMA 8, 21 and the MA 50 that show us the trend
El Script nos muestra el % de retroceso que normalmente hace una acción o ETF después que llega a su ATH, también nos permite ver las ver las EMA 8, 21 y la MA 50 que nos muestran la tendencia
Cumulative Volume v3The script, for Pine Script version 3, shows how to accumulate volume values during a defined session/period.
The input is the period to use for accumulation. "D" is the default value, useful to view data for each session.
This is slower than version 4 because there is no "var" and you need to use a loop. Also, you can't use "sum( volume , cnt_new_day)" with a variable length argument instead of "for".
[A618] Fibonacci and Gann based Support and ResistanceThe scripts plots,
Gann and Fibonacci Levels onto the charts taking into account the price action of past 1 year,
The plots are plotted dynamically
Enjoy !
BarsMerge/LookAhead Script [Example/Test]The script shows and explains to users how BarsMerge-LookAhead ON/OFF changes the behavior of the results.
After you see this and understand, it's important that coders noted the differences and used best practices in implementing the "security" function for their indicators and strategies.
BEARISH Dark Cloud Cover/BULLISH PiercingThe script highlights the 2 candlesticks pattern: BEARISH Dark Cloud Cover/BULLISH Piercing on the main chart screen, and has a preset alert condition. Please use an oscillator that shows oversold and overbought conditions with this script (i.e. StochRSI oscillator).
Divergence/Convergence v1.0 [LonesomeTheBlue]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 etc.
Currently script checks Divergence/Convergence for RSI, MACD, MACD Histogram, Momentum, CMF indicators
You can add/remove many other indicators to check if there is Divergence/Convergence
Bull Bear Divergence IndicatorThe script is written for Constance Brown-like anayis with divergence signals between price and indicator (i.e. stock close / RSI divergence)
Note: Though the example here with NVDA shows good reversal predictions, best results generally are optained with un-normalized indicators and oscilators like CB#s comosite index.
(For Trading view written by LazyBear.) I use two different lines: an indi high line for baerish, and an indi low line for bullish divergences.
The script only shows divergences to pivot pairs next to each other, not between actual pivot and those "a few pivots ago"
For individual work, chose your indicator and replace rsi in line 10 with it, anything else is auto. Sript bottom: optional comparison lines addable.
TTM Squeeze-MTFthe script based on
I just change it to be non repainting MTF and add signals
you can change the MTF by changing int2
