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Best Scripts of the Month — 2020.03We present you with our selection from the open-source indicators published this month on TradingView. These scripts are the ones that caught our attention while analyzing the two thousand or so scripts published each month in TradingView's Public Library, the greatest repository of indicators in the world. If we missed any, please let us know. Most of these scripts were selected on the basis of their potential to be useful in trading; others will be more useful to Pine coders. This superb body of work constitutes unmistakable proof of the liveliness, ingenuity, and relentless creativity of the generous traders/programmers who not only give their time to write amazing scripts, but share their code with the world. Kudos to these very special humans. Enjoy! RedK_Directional Index / K xDMI RedKTrader revisits DMI/ADX, both from a visual and structural perspective. He offers interesting variations in its calculations. Have a look. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ VQZL Z-Score eylwithsteph gives us a Z-Score standardized Volatility Quality Zero Line which should provide more normalized ranges across instruments. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Uhl MA Crossover System alexgrover presents a crossover between two distinct, but related, adaptive moving averages derived from an Andreas Uhl concept: the Corrected Moving Average (CMA). ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Vicious Mortgage Rates V1.0 TheViciousVB aggregates QUANDL mortgage rates from Wells Fargo. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Majors Volume Sum RicardoSantos treats us to some number manipulation wizardry to provide a readable display of ForEx majors volume divided in 3 different periods. The indicator also comes with an oscillator. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Volume Profile makit0 gives us a Volume profiling tool crafted with much attention to details. Plots 6 key values and can do sessions. This one slipped by us in February. Sorry Makit0. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Delta Volume Candles LucF brings an overlay version of his Delta Volume Columns indicator to the Library. It uses intrabar inspection to fetch finer resolution buy/sell volume information and displays it using candles. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ CME Equity Futures Price Limits NeoButane comes out with an indicator adapted to these times. It shows the limits for breaker prices by deducting them from the previous session. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Modified OBV w/ Divergence Detection by Cryptorhythms theheirophant presents Apirine's version of OBV to which he adds divergence detection. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Trend Following Moving Averages LonesomeTheBlue provides a heatmap interpretation of an MA ribbon to be used in a pane rather than in overlay mode. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Automatic Trendlines When BacktestRookies comes out with something new, it's a good bet that it will be worth looking at. This time it's a trend lines indicator. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Bar Pattern Statistics Tool The creativity of Pine's Maestro, RicardoSantos , graces the Public Library with an almost alien steadfastness. From his March publications, we found this bar pattern-mining utility the most interesting. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Backward Number of Bars melihtuna comes up with an ingenious way of allowing code to execute in the last n bars only. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
NASDAQ:SSPEducation
by PineCoders
11
BTC/USD Analysis by EduardCAHello Dear Friends! BTC has a bearish bias towards the next support at $6,000. It is a strong support level. If the price moves below $6000, BTC/USD may easily hit to $5,550 (SMA200 weekly). While the long-term bias remains bullish, the expectations on a weekly and monthly basis stayed mostly neutral. Like many other instruments, Bitcoin has a high volatility now, which means high risks. Put only 2% of your capital under the risk on one trade. Good luck!
COINBASE:BTCUSDShort
by EduardCA
1
Best Scripts of the Month — 2020.02We present you with our selection from the open-source indicators published this month on TradingView. These scripts are the ones that caught our attention while analyzing the two thousand or so scripts published each month in TradingView's Public Library, the greatest repository of indicators in the world. If we missed any, please let us know. This superb body of work constitutes unmistakable proof of the liveliness, ingenuity, and relentless creativity of the generous traders/programmers who not only give their time to write amazing scripts, but share their code with the world. Kudos to these very special humans. Enjoy! Bias And Sentiment Strength (BASS) Indicator by mattzab mattzab superimposes a few different signals to get a composite view of sentiment. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Volume Scale by Price (VSP) inno14 gives us his take on volume by price using line drawings. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Price Convergence nickbarcomb publishes a script that visually reveals the price discovery process, and if price is moving away or converging from equilibrium. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Market EKG KingThies_ creates a measure of volatility using a close proximity evaluation of price deltas. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Zahorchak Measure DreamsDefined gives us a an original measure of bias: The Zahorchak Measure (ZM) is designed to give you a market bias (either uptrend or downtrend) which you can use to determine a trade bias for ETF's or stocks. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Emulating binary operations and several values in one variable MichelT publishes a multiplexing/demultiplexing method to pack more data in a signal to be used when one script needs to send information to another one through a single external input. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Mean Deviation Index lejmer uses ATR and an EMA to derive an index combining volatility and mean deviation. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Laguerre RSI KivancOzbilgic runs RSI through a Laguerre filter. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Relative Strength(RSMK) + Perks - Markos Katsanos midtownsk8rguy gives us a version of Katsanos' Relative Strength, packaged with his usual tight code and impeccable visuals. It also contains his version of `ema()` accepting a float as its period. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Get a value from N years ago MichelT comes up with another one of his ingenious pieces of code to find information from n years ago. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Divergence for many indicator v3 LonesomeTheBlue brings us a Swiss Army knife divergence detector capable of showing on the chart divergences detected on 10 different indicators. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Renko RSI LonesomeTheBlue also published a few scripts using Renko information but running on normal charts, including this Renko RSI. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ SMU STDEV Candles stockmarketupdate comes up with a novel way to represent volatility by building candles on stdev of OHLC. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Setup e2e4mfck gives us a lesson in the masterly presentation of visual information with his Tom Demark Setup script. He also contributes a crazy-complex and beautifully crafted open-source script to the community. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Earnings, Splits, Dividends MichelT shows the new syntax required to access selected financials in Pine, as opposed to using the Financials available on the chart. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ OBV Traffic Lights lejmer calculates an OBV using Heikin Ashi prices (independently of the type of chart you are on) and presents the information in a more visually appealing way. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Reversal finder NS91 makes an attempt to identify potential reversals, and contrary to authors of many such scripts, plots them in realtime without using a negative offset into the past. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Dekidaka-Ashi - Candles And Volume Teaming Up (Again) alexgrover 's mind is like a volcano in constant activity. This time he combines price and volume action into a new type of candle. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Linear Continuation nickbarcomb shows projections into the future of 3 MAs. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ RSI direction bias - JD Duyck , one of TradingView's most creative authors, creates an RSI bias indicator by focusing on its behavior in the center area rather than in extremes. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
NASDAQ:SSPEducation
by PineCoders
10
Introduction to the BEST Trade ManagerHello traders Let me highlight what the BEST Trade Manager can do for you. The Trade Manager adds another layer to your own systems, enabling custom user-defined stop-loss/take-profits and real-time analysis with risk-to-reward ratios. We made it as such the visual rendering is also very nice on mobile devices. Reviewing: - How to connect your own indicator(s) - How to read the graphical elements - The 8 Stop-Loss options - The 4 Take-profit options - The alerts and dynamic alerts for trading automation Links are in my signature for more information about it Wishing you all the BEST for your trading using it. Dave
Education
by Daveatt
8
BTC MOONHello just a quick update on btc. Exactly acting like it should. I entered a long on etoro @9815. My bitmex trades recently were all garbage, because most of the time I use too high leverage and then if a lucky trade with like 50x works out I get greedy as hell and instead of taking like 300% profits I let the trade run into liquidation. Keep in mind. This is also btw a reminder for myself. Trading is not a get rich quick scheme. It's a rocky path. You better take a few %s like 1-5% everyday instead of hoping for the big gain trades with 100%, which are high risk and more likely unlikely :) If I get enough time at some day. I am going to focus on gunbot. Will still trade on the side. Until then. Health is more important than wealth!
BITMEX:BTCUSD.PLong
by Juba1337
CRF longThis stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. Monthly dividends with total Dividend Yield 19.24 per year is very attractive. Morningstar Rating is: Overall 4 out of 5 stars Out of 7 funds out of 7 Large Blend funds 3 Year 3 out of 5 stars Out of 7 funds out of 7 Large Blend funds 5 Year 4 out of 5 stars Out of 7 funds out of 7 Large Blend funds 10 Year 5 out of 5 stars Out of 7 funds out of 7 Large Blend funds This table displays the fund's top 10 holdings. Security Name Microsoft Corp Alphabet Inc Class C Amazon.com Inc JPMorgan Chase & Co Visa Inc Class A Procter & Gamble Co Adams Diversified Equity Fund Apple Inc Merck & Co Inc The Walt Disney Co
AMEX:CRFLong
by allaran2001
4
Bitpanda BEST investment updateIn this link you can find all the related information about the tokenburn. Overall ~ 11.000.000 tokens were burned (thats about 2% of the current circulating supply and 1% of the overall supply) and new features for BEST were added. blog.bitpanda.com This tokenburn event will now continue evey three months until 50% of the total supply is burned. The chart shows that due to very overextendet indicators and expectations of some investors, the actual valuation of the BEST token dropped for now, down to the golden ration 0.618 fib support. This level is the next bigger supportive confluence zone. Next to the fib retracement level we can see the daylie bollinger mean line (dotted line) that acted as resistance in the downtrend and the 200 day SMA line. The investors now have to decide how to value this Token correctly. My personal bias over a longer time period of time is bullish. Bitpanda is still one of the biggest austrian startups and the deflationary mechanism of the Tokenburns as well as the overall growing userbase on bitpandas plattform supports my thesis. The tokenburns now act as quaterly milestones and will be underlined by further developement progress of bitpanda. Thanks for reading my updates yours F P
B
by passio
Bitpanda BEST investment updateAccording to my previous analysis Bitpands own Ecosystem Token broke out, due to the earlier release of the the first Token burn on 30.01.2020 in the coming week as well as the announcement of new perks/features for BEST holders, next to the high fee reduction bonus. If the actual high is really in there is huge support at 0.0655 € . If this is an impulsive wave to the upside i estimate higher highs. People had good time to accumulate at lower levels (under ICO value) and are potentially now focusing on increased token price performance. Further updates in the future. Greetings F P
BLong
by passio
Bitpanda BEST investment tipI want to share some thought and knowledge about the Bitpanda Eco System Token (BEST). Many people may have heared about the austrian AML5 registered Broker Platform of bitpanda. Fewer people have heared of their new Global Exchange yet but volume keeps increasing. The price of BEST dropped from IEO prices between 0.08-0.1€ down to 0.05 where somebody now put a 1.400.000€ buywall so it cant dropt any further. Anyway, if u are looking for perfectly registered exchange and some of the lowest trading fees read on. As many people know crypto exchange tokens like BNB (binance), BEST is designed to reduce your trading fees (when it is turned on in the settings and u hold some BEST). But compared to BNB you have a really low entry point compared to the IEO prices AND a minimum value of over 0.1€ per BEST token when used as fee ruducer. Do some research about BEST, ignore the noise of Moonboy Investors and you will find some good background. No financial advice. F P
BLong
by passio
1
Bullish Signal on TSCO #3 Best Bet for weekThis is a free public release of a stock of this weeks HPS watch list. The bullish tone and trend of the market has made buy divergences pretty scarce on the daily chart, I am really seeing great results from our second play book play Large channel breakout with a price retracement to the previous downtrend line that was broken. The cross back up on the stochastic is a great indication of strength. I will be looking for a follow through day Tuesday and possible Wednesday DayTraderRockStar
NASDAQ:TSCOLong
by daytraderrockstar
3