Triple Coppock CurveThe Coppock Curve is a zero-centered momentum oscillator that relies primarily on rate of change calculations. The Coppock Curve in its most basic form is already a great indicator, especially for spotting shifts in momentum. But, we wanted to see how we could modify it to get some better performance out of it.
As the ‘cop’ function demonstrates, the Coppock Curve has a pretty simple calculation. The first step is to calculate the rate of change at a longer and shorter window length. Next, the sum of the two rate of change values is calculated and finally a weighted moving average of a user defined length is calculated(this is the Coppock Curve).
The ‘cop()’ function set the foundation to allow us to implement our modifications. As you can see in the graph, there are 3 different lines (2 histogram and 1 normal line) comprising the Coppock values based on the rate of change of high, low, and closing prices. We liked this layout because it allows traders to easily identify the curve’s pivots and the balance of negative vs. positive momentum.
The Coppock Curve based on high prices is plotted as the teal histogram, wile the pink histogram represents the Coppock Curve of low prices. The curve based on closing prices is the red and green alternating line plotted on top of the two histograms.
We included some notes on the chart to help with interpreting the three curves.
There are two common approaches traders can take when trading with the indicator:
1. Trade based on closing price curve: Go long when line changes from bearish(red) to bullish(green). Then, go short when same line changes from bullish to bearish.
2. Trade based on crossings of the zero-line. This could be based on the high, low, or closing price curves, but closing price is the safest bet. So, go long when it crosses from negative into positive territory and short when it crosses under the zero line from positive into negative territory.
HIGH-LOW
[RD] VLC - Variable Line Channels==================================================================
July 7 2019 - VLC - Variable Line Channels © RootDuk
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Easy draw gann or fibb lines based on the variables you find in the input
screen. Use the barsback input to define the highs and lows in a given
amount of bars
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Updates
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V1:
release
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Support appreciated, thanks (keeps me motivated :)
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BTC: 1C7sk3x8o2sX5eBV5HSz3KAgXJJ3FsF2Mo
ETH: 0xa14f3059EcDAE4aEe2E17826033E1D2C7e83233e
BNB: bnb1kwe3hqp4e8ch02ruhpclau4tvf0enzzh5tc2e3
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Support/Resistance Zones x3Support and Resistance Levels + Zones for 3 time frames, based on volume at fractal levels with Zones based on wick size which is a true reflection of a Zone when compared to other S/R Zone scripts which only use a thick line not based on anything.
Original script is thanks to synapticex I have just migrated to version 3, heavily modified it and added Support and Resistance Zones.
RunAn indicator that uses previous reversal point according to highs and lows to visualise trend. Lock the code just in case someone will commercialise this.
Japanese Correlation CoefficientIntroduction
This indicator was asked and named by a trading meetup participant in Sevilla. The original question was "How to estimate the correlation between the price and a line as easy as possible", a question who got little attention. I previously proposed a correlation estimate using a modification of the standard score (see at the end of the post) for the estimation of a Savitzky-Golay moving average (LSMA) of order 1, however something faster could maybe be done and this is why i accepted the challenge.
Japanese Correlation
Correlation is defined as the linear relationship between two variables x and y , if x and y follow the same direction then the correlation increase else decrease. The correlation coefficient is always equal or below 1 and equal or above -1, it also have to be taken into account that this coefficient is quite smooth. Smoothing is not a problem, scaling however require more attention, high price > closing price > low price, therefore scaling can be done. First we smooth the closing/high/low price with a simple moving average of period p/2 , then we take the difference of the smoothed close with the smoothed close p/2 bars back, this result is then divided by the difference between the highest smoothed high's with the lowest smoothed low's over period p/2 .
Since we use information provided by candlesticks (close/high/low) i have been asked to publish this estimator with the name Japanese correlation coefficient , this name don't imply the use of data from Japanese markets, "Japanese" is used because of the candlestick method coming from Japan.
Comparison
I compare this estimation with the correlation coefficient provided in pinescript by the correlation function.
The estimation in orange with the original correlation coefficient using n as independent variable in blue with both length = 50.
comparison with length = 200.
Conclusion
I have shown that it is possible to roughly estimate the correlation coefficient between price and a linear function by using different price information. Correlation can be further estimated by using homogeneous bridge OHLC volatility estimators thus making able the use of different independent variables. I really hope you like this indicator and thanks to the meetup participant asking the question, i had a lot of fun making the indicator.
An alternative method
Previous hourly low-highA simple indication of the previous hourly low and high _ (Complete version) _
Higher Highs / Lower Lows - m,H,D,W,M w/ Alerts by ZekisA simple but very useful indicator that plots higher highs and lowers lows and that can be reset each hour, day, week or month, so it can plot new HH and new LL only in that range.
It can be used as it it, combined with other indicators or for TA (it's an entire story about highs and lows, google and youtube are your friends).
Alerts for HH/LL and for the first in the series plotted with Long and Short labels.
Use with caution!
Enjoy!
@Zekis
AG Ultimate Bollinger BandsWe believe we have really built the ultimate Bollinger Bands! There are so many options with these Bands:
- use an SMA or EMA for the Basis Moving Average
- displaying the Average Highs/Lows (blue lines) to create a Moving Band
- show breakouts of the Upper/Lower Bollinger Bands with arrows for simplicity (no more wondering whether it closed out or not!)
- show a standard deviation of Highs/Lows alongside the traditional Upper/Lower Bollinger Bands.
All options are togglable, for full flexibility and customisation.
Range: OHLC vs Previous OHLCThis will plot your choice of OHLC (or any of the averaging choices) of the current candle compared to the previous candle.
For example if you choose "high" for the input and set the chart to daily, you'll see the currently daily high vs the previous daily high.
Green candle represent a higher high and the length of the candle represents how much higher.
Red candles represent a lower high than the previous day and the length is by how much lower.
This indicator is pretty straight forward, look for me to build on this with something a little more elaborate in the near future.
High and Lows Multi-timeframeThis script displays highs and lows from higher timeframes into the chart. Recommended to use Weekly or more lines on smaller timeframe charts like the 5M charts.
High Low LinesThis script allows you to see a line graph of the highs and lows. Useful for drawing trend lines.
Poseidon - [Swing High Low][Support and Resistance][Reversal]...A great indicator with tons of usages for technical analysis
Act as:
* Support and Resistance (It can be used as breakouts only if you drag the line manualy, it will never break it by itself)
* Swing points
* Reversal point (The candle will reverse in 90% in cases)
* Tops and Bottoms (It finds highest and lowest points)
... and many more TA for strategies
Combined with RSI will give even better overview of the chart
Play with values till you find what your needs are
The bigger value is, the more accurate points will be
(There is no such as magic indicators, you need to do your job, you need to know what are you doing before enter in real life!)
Cheers!
@Zekis
High-Low RangeThis script just shows a histogram of the daily range. You can change the interval to view the high/low range of any period, but I use it just to see what the day's range is and how it compares to prior days. Simple and straightforward.
New Highs-Lows AMEX-Buschi
English:
This indicator shows the AMEX's up volume (green) and down volume (red).
Extreme trading days with more than 90 % up or down volume are marked via lines (theoretically values) and triangles (breaches).
Deutsch:
Dieser Indikator zeigt das Aufwärts- (grün) und Abwärts-Volumen (rot) der AMEX.
Extreme Handelstage mit mehr als 90 % Aufwärts- oder Abwärts-Volumen ist gekennzeichnet über Linien (theoretische Werte) und Dreiecke (Überschreitungen).
New Highs-Lows NASDAQ-Buschi
English:
This indicator shows the NASDAQ's new highs (green) and new lows (red).
Extreme trading days with more than 99 % new highs relative to new lows vice versa are marked via lines (theoretically values) and triangles (breaches).
Deutsch:
Dieser Indikator zeigt die neuen Hochs (grün) und neuen Tiefs (rot) der NASDAQ.
Extreme Handelstage mit mehr als 99 % neuen Hochs relativ zu den neuen Tiefs und andersherum sind gekennzeichnet über Linien (theoretische Werte) und Dreiecke (Überschreitungen).
New Highs-Lows NYSE-Buschi
English:
This indicator shows the NYSE's new highs (green) and new lows (red).
Extreme trading days with more than 99 % new highs relative to new lows vice versa are marked via lines (theoretically values) and triangles (breaches).
Deutsch:
Dieser Indikator zeigt die neuen Hochs (grün) und neuen Tiefs (rot) der NYSE.
Extreme Handelstage mit mehr als 99 % neuen Hochs relativ zu den neuen Tiefs und andersherum sind gekennzeichnet über Linien (theoretische Werte) und Dreiecke (Überschreitungen).
Middle-High-Low Moving AverageThis indicator was originally developed by Vitali Apirine (Stocks & Commodities , V.34:9 (August, 2016): "The Middle-High-Low Moving Average").
You can use it to create a crossover trading system in conjuction with EMA/SMA.
Good luck!
Price Open/High/Low/CloseAnother indicator that shows Open, High, Low, Close on multiple timeframes.
It can be used to discover possible support/resistance areas on lower timeframes.
Other indicators may do the same thing but just added some custom timeframes
Sector High/LowHighlights which S&P SPDR Sector ETFs are at highs of day (green letter) or lows of day (red letter)
The first candle of the day is always all-green because by default the first candle of the day has the high of the day. So this indicator is more meaningful later in the day when sectors are making repeated highs/lows
