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BTC - Boring Month⁉️Hello TradingView Family / Fellow Traders, BTC has been hovering within a big range between $60,000 support and $70,000 resistance. Scenarios: 1️⃣ Bullish For the bulls to take full control again, a break above the $72,000 mark is needed. In this case, a movement towards the $80,000 resistance would be expected. 2️⃣ Bearish In parallel, if the $60,000 support is broken downward, we expect a bearish movement towards the $50,000 demand zone. Which scenario is more likely to happen first? and why? 📚 Always follow your trading plan regarding entry, risk management, and trade management. Good luck! All Strategies Are Good; If Managed Properly! ~Richard Nasr
by TheSignalyst
4
DXY USD - MONTHLY ANALYSIS - CORRECTIONThe USD has been in an uptrend since March - 2008 and has been dominating the financial markets and the global economy with toxic pressure since last year. - Today, I would like to present an analysis that takes a closer look at the USD (DXY) from a monthly perspective. We are at several relevant resistance points: 1. FIBONACCI RETRACEMENT | 0.88 - is about to be tested. -> 0.88 FIB = 114.979 -> Marked as a "blue" line on the chart. + Next psychological number would be 115,000 as resistance. -> Psychological numbers are relevant decision points, because the human brain (subconsciously) prefers round numbers, at which more orders are placed. 2nd RESISTANCE TREND LINE | from 2008 -> 7 points of contact since the formation = very strong resistance. -> Drawn as "red" line in the chart. 3. SUPPLY ZONE | from 2002 (gray) -> Time expired, but still psychologically relevant for market participants. -> Drawn in as a "gray" box in the chart. 4. POINTS OF INTEREST -> Points, which are mostly a psychological number, at which some liquidity was traded in the past. = these points can be seen as both "support / resistance". -> Drawn as "turquoise" lines in the chart. These are now only a few indicators of those which are available to us all. However, even without indicators, it can be seen that the USD (DXY) is clearly overbought and a correction (from a chart-technical point of view) should be imminent. Regardless of our analysis, the macroeconomy currently determines the further course of events. Detailed price predictions are thus a matter of blind potshots, and that is the last thing we need in trading. "Correction scenarios" 1. We see a reaction of the trend line and the 0.88 Fibonacci and will correct a little. -> Possible correction target = 107 points 2. The DXY breaks the trend line and the 0.88 Fibonacci and is then finally stopped out by our "SUPPLY Zone + the Points of interests". -> Possible correction target = 109 points "Breakout scenarios 3. The DXY breaks through all marked resistances, makes a fakeout and enters the correction. -> Possible correction target = 111 points 4. The DXY breaks through all marked resistances, confirms its breakout and starts its journey to the 1.618 Fibonacci. -> Possible correction target = 152.129 points Alright, now we can only wait and see what the future will bring us. - Feel free to discuss it in the comments and share our perspectives. Thank you very much and happy trading!
TVC:DXY
by ZielIstDieAutarkie
Baxter International shares look extremely cheapTarget horizon - 2 months. Target - 84 USD. Profit/risk ratio - 3.43 The price is approaching the upper boundary of the downtrend, and if it breaks it is likely to go to the support line around 85 USD. Baxter International is an American medical device manufacturer specializing in high-tech dialysis machines and other medical devices and supplies. Thousands of patients prolong their lives thanks to Baxter equipment, which is used in more than 100 countries. After a major downturn, the company's stock looks extremely cheap, and from an operational standpoint, there's no reason to worry about Baxter's business.
NYSE:BAXLong
by SiriusBH
Silver front month. Look in triangle for new opportunities.Hope everyone made it to the weekend in one piece. Glad to say this week was a profitable one for me. That makes two in a row! Basically I am only meeting expectations at this point, but it feels good. In address to my typical bouts of insanity, I have once again seen countless opportunities go by and often done nothing about it. Staying profitable is the name of the game, and in that sense I'm doing well enough to keep existing. Hallelujah. ---- Here is how I am chopping up silver at the moment. The same lines I had previously are still in place so you can see how bias shifts as lines are reacted to. If price continues to range I wouldn't expect it to go beneath the 100 level area. Where price is residing currently makes that a proposal a bad bet, but if it comes down to the lower end of the broadening cone then R:R gets much more in our favor. Win or lose that wouldn't be the worst play (there is the cursed phrase again). At least you would be putting yourself in a position to maximize upside and limit downside. Once again, what's important is I hope that everyone had a good week. Hang in there. I'm rooting for the bulls. Just not with my money today. I'll probably post a bunch over the weekend, and likely later today. Too wicked to rest for long. Thanks for your support.
COMEX:SIK2021
by emehoke
👀Keep Your Eyes on EURUSD (Euro/Dollar)!!!!👀 Hit the Follow 👍As you can see on the monthly chart, price broke a well respected trendline and has been very bullish. We should be expecting continued bullish momentum towards upcoming resistance (On lower timeframes price is retracing for now). When and if we reach the highlighted zone, we will then look for a rejection of the zone or a break and possible a retest should the situation present itself. Our bias is bullish fundamentally due to the completion of the Brexit negotiations. REMEMBER, our job is to be reactive, not predictive, so don't take this analysis as gospel, take it as inspiration. Make sure you drop a follow for more analysis. (Emojis increase success rate)
by NasBaz
5
Best Scripts of the Month — 2020.06We 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! Time Range Statistics alexgrover continues to mine time series for all they are worth. This script shows traders some key statistics for a symbol. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ BTC difficulty adjustments BTC_JackSparrow uses Quandl data to show periodic BTC difficulty adjustments. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Bayesian BBSMA Oscillator tista builds a model calculating the probability of an eventual up/down movement. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Binomial Option Pricing Model We see more and more scripts dedicated to options trading. SegaRKO presents a method that works on more types of options than the Black-Scholes Model. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Funamental and financials sjakk mines a stock's fundamentals using the new `financial()` function and presents them in a usable format. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ VAMA Volume Adjusted Moving Average Function A volume-adjusted moving average calculated using a technique by Richard Arm, brought to us by allanster . ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Hull Candles Indicator designers are just beginning to scratch the surface of price representation on charts. BigBitsIO takes us further on that path with this well-designed take on candles using a very appropriate Hull MA to build and color them. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Support Resistance MTF LonesomeTheBlue provides S/R levels from a user-selected timeframe without using `security()` and displays them in a useful way. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ SwingArm ATR Trend Indicator vsnfnd provides a trend-following trading system based on ATR. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Trend Quality kruskakli 's script uses MA states and their relative positions to derive an interesting take on the current state of the trend. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Stochastic Weights - Basic BigBitsIO introduces a Stoch indicator allowing the signal to be composed of weighed variations of the Stoch signal. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Donchian HL Width - Cycle Information RicardoSantos calculates the relationship between high/low and Donchian channels as a percentage, and uses that information to detect cycles. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ TF Segmented Linear Regression alexgrover allows traders to see periodic linear regressions calculated from a user-selected timeframe. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ █  CODER UTILITIES Periodic Ellipses alexgrover comes up with the first Pine code we see that draws ellipses. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
Editors' picks
NASDAQ:SSPEducation
by PineCoders
11
Best Scripts of the Month — 2020.05This month, something great happened. We selected one script to be featured in this monthly list and, as usual, mentioned it in the script's comment section. The next day we received a report on the script from a watchful TV member, and the script's comment section soon lit up with questions as to why the script had been selected. Problem was that, unbeknownst to us, it was too closely inspired by a script from one of the platform's respected coders. It didn't take long for us to realize our error, and so we retracted. What went on in that script's comment section made us proud to be part of this community, and it proves without a shadow of a doubt that we are not alone, that you are with us in this endeavor to help the best rise to the top, which also involves calling out what's inappropriate when needed. It also proves that if we err, as we occasionally inevitably will, you will be there to keep a watchful eye on our slips. It is an honor for us to participate in this with you all, and we are lucky to have you because you speak up when it's needed. Together, we can do a better job than any of us could alone. From the bottom of our hearts, thank to you all—and especially to those who disagreed openly with our decision on that script. We 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! Stochastic Heat Map How information is presented can be as important as the information itself. You've probably never seen Stoch like Violent shows it here. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Vortex MTF melihtuna publishes an addition to the trend-identifier family with his MTF version of the Vortex indicator. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Fancy Bollinger Bands It's a rare thing when an Nth Bollinger Bands script adds something interesting to the classic indicator. BigBitsIO does it by providing different options to select different bar types and timeframes to source their calc, and a forecasting feature. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ RedK_Supply/Demand Volume Viewer v1 RedKTrader publishes a volume indicator where he uses the bar's structure to determine supply/demand volume. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Separated Moving Average - evo Selective moving averages can reveal new aspects of price action. That is exactly what EvoCrypto does here by calculating different averages for up and down bars. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Function - Logistic Equation The one and only Pine Maestro, RicardoSantos , gives us another one of his inventions, which models the changes in the relationship between price action and a measure of volatility. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Correlation Cycle, CorrelationAngle, Market State - John Ehlers Scripts with lots of options allowing them to be used in different ways empower traders. midtownsk8rguy presents us with a correlation script that gives the word "study" true meaning. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ US Fed Balance Sheet NeoButane provides easy access to some of the US Fed assets available from Quandl. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Mawreez' RSI Divergence Detector Contrary to the typical RSI divergence indicator, Mawreez quantifies the magnitude of the divergences. We also appreciated the down-to-earth and cautionary tone of his presentation. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Reminder Message (with color picker) - ApopheniaPays There are many ways a Pine programmer can be useful to traders. ApopheniaPays finds a new one here. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Revolution Volatility Bands With Range Contraction Signal VII MitozLakin publishes a volatility indicator which identifies contractions, so points from which price can be expected to move. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Correlation with P-Value & Confidence Interval balipour brings correlation measurement to another level, adding an option on the calculation itself, but also putting a p-value and bands into play. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Simplistic Automatic Growth Models RicardoSantos calls his calculations "simplistic" ) While they aren't simplistic to us, we find them really interesting. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ ATR Based Trendlines - JD If one coder can be associated to trendlines on TradingView, it's this creative man. In this script, Duyck draws trend lines using ATR. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ █  CODER UTILITIES ALMA Function - Arnaud Legoux Moving Average kurtsmock adds to the Pine coder toolbox by providing an ALMA function accepting a "series float" as its period. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Statistical Histogram with configurable bins and Data Window Hook up any source to this script and a.tesla2018 a.tesla2018 will show you a histogram of its distribution. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ security free MTF example - JD Duyck shows how to gather HTF OHLC values without using `security()`. The technique used has the advantage of providing `high` and `low` values instantly, as they develop through the HTF's dilation of chart bars, so your script will be getting values faster than with `security()`, with the compromise that their values will update during the HTF bar, both on historical and the realtime chart bars. Far from invalidating the technique used, this method suits many HTF calcs perfectly. It's just a matter for script designers to decide if using repainting data corresponds to the requirements of their calculations. Note that unlike `security()` calls that cheat by using future data using `lookahead=barmerge.lookahead_on` and no offset of 1 on the series, Duyck's code will never use future data. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
NASDAQ:SSPEducation
by PineCoders
5
Best Scripts of the Month — 2020.04We 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! (JS) Squeeze Pro Overlays J-Streak presents an overlay Squeeze indicator with lots of options. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Trend Following MAs 3D LonesomeTheBlue publishes a 3D visualization of delta MAs. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Auto Adjust To Ideal Pearson's R Oscillator x11joe combines a long and short-term Pearson's R oscillator. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Fancy Triple Moving Averages BigBitsIO creates a rare MA script bringing something original to the Library. His MAs can be calculated from different chart types, among other goodies such as forecasting. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ LUBE We rarely include strategies in our list because authors rarely show realistic results, but the logic used in this script by Jomy was compelling and original enough for us this time. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Williams Fractal Trailing Stops SimpleCryptoLife revisits Williams Fractals, using them to derive stops in a generously commented script. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ COVID Statistics Tracker & Model Projections by Cryptorhythms theheirophant 's script has to be the most complete COVID tracker we've seen so far, and it's open source. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Enhanced Time Segmented Volume eylwithsteph publishes this, and two other takes on a well-presented volume and price balance indicator. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Fearzone Panel kruskakli presents an indicator of Swedish origin that attempts to identify areas where trader fear has taken over. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Dynamic Money Flow RezzaHmt publishes an adapted version of the Chaikin Money Flow Index with improvements he explains well and make sense to us. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ inwCoin Martingale Strategy ( for Bitcoin ) This is an educational strategy by Real_inwCoin showing how dangerous the Martingale position-sizing strategy is. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ SPY Expected Move by VIX LazySprinter presents a tool projecting possible moves of SPY-correlated markets using VIX. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Gap Filling Strategy alexgrover presents a gap-based strategy with his usual rigor. It's refreshing to see an author who understands backtesting and the inherent incompleteness of single test runs presented on a single symbol/timeframe pair with a given set of parameters. Accordingly, Alex goes through the results of a few different test runs with the objective of, rather than finding the one with the splashiest results, understanding the characteristics of his strategy. We wish more strategies were presented this way by authors. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Yield Curve Percent Inverted nj_guy72 publishes an indicator analyzing inverted T-Bond yield spreads. They normally indicate a relative lack of confidence in the short-term vs the long-term outlook, which in turn can predate recessions. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Absolute Retracement Clear code and impeccable visuals are e2e4mfck 's trademark. This publication is no exception. It includes many options to calculate and display SR levels. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Pivot Point Supertrend LonesomeTheBlue 's original take on SuperTrend. It's using weighted past pivots to determine starting levels and calculations aimed at keeping traders in trends longer, so more generous than the usual SuperTrend. It also has a slew of options to help traders, including SR levels. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Bar Balance LucF mines up/down/neutral intrabars and calculates their balance to show the strength of price movements. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ █  CODER UTILITIES Nth-Occurrence Custom barssince() Function by Cryptorhythms Aha moments are what make progress possible. theheirophant brings Pine coders one of those moments with this function that allows you to get the number of bars since the nth occurrence of an event. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Filter Information Box - PineCoders FAQ alexgrover gives coders a tool to evaluate signal-processing filters. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Function Highest/Lowest by PeterO Peter_O publishes functions allowing coders to get the highest/lowest values since a condition occurred. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ FUNCTION: Specify lengths in time (or bars) yatrader2 gives coders a function to derive periods from time lengths. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Heikin-Ashi Source Function allanster has a history of pumping out great little snippets you will see reused all over the place. We'll bet on the usual outcome for this one. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Z-Histogram alexgrover presents a Z-Score histogram that is not only useful, but is also an exercise in conciseness, in typical alexgrover fashion. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Symbol Info Helper This helper code by everget shows the breadth of information now available on symbols in Pine, but also demonstrates an efficient and elegant way of handling label code to display an information panel. We somehow missed this in March. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═ Pseudo-Random Number Generators via Pine Script midtownsk8rguy gives us three pseudo-random number generators. ═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═•═
NASDAQ:SSPEducation
by PineCoders
22
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
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
9
SPX Finishing September with a rebound Check out my trend lines, and predicted price movement lines. This is a fun test of my skills. I have been here a week and am still learning. For those of you who have been following me I am a SBUX bull. I have a high stake in an options call for SBUX to hit $105 by 11/15. I am relying on steady growth until earnings and then a killer Q4 earnings. Comment below your opinions on starbucks and your thoughts/predictions on their Q4 report. So far on trade view I have a 60% accuracy rating for my calls, which is an F. So please don’t make trades based on my predictions until I improve my skills, thank you!
TVC:SPX
by Myantman101