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UT Bot Strategy with Backtesting Range [QuantNomad]UT Bot indicator was inially developer by @Yo_adriiiiaan Idea of original code belongs @HPotter I can't update my original UT Bot Strategy so I publishing new strategy with backtesting range included. I just took code of Yo_adriiiiaan, cleaned it, deleted all useless pieces of code, transformet to v4 and created a strategy from it. Also I added an input that allows you to swich to signals from Heiking Ashi. I saw that author uses HA for the indicator and on HA it look much nices then on real candles. Do not add this strategy to HA candles, use usual candles and this checkbox. Original script: UT Bot
Pine Script® strategy
by QuantNomad
44
Grover Llorens Activator [alexgrover & Lucía Llorens] Trailing stops play a key role in technical analysis and are extremely popular trend following indicators. Their main strength lie in their ability to minimize whipsaws while conserving a decent reactivity, the most popular ones include the Supertrend, Parabolic SAR and Gann Hilo activator. However, and like many indicators, most trailing stops assume an infinitely long trend, which penalize their ability to provide early exit points, this isn't the case of the parabolic SAR who take this into account and thus converge toward the price at an increasing speed the longer a trend last. Today a similar indicator is proposed. From an original idea of alexgrover & Lucía Llorens who wanted to revisit the classic parabolic SAR indicator, the Llorens activator aim to converge toward the price the longer a trend persist, thus allowing for potential early and accurate exit points. The code make use of the idea behind the price curve channel that you can find here : I tried to make the code as concise as possible. The Indicator The indicator posses 2 user settings, length and mult , length control the rate of convergence of the indicator, with higher values of length making the indicator output converge more slowly toward the price. Mult is also related with the rate of convergence, basically once the price cross the trailing stop its value will become equal to the previous trailing stop value plus/minus mult*atr depending on the previous trailing stop value, therefore higher values of mult will require more time for the trailing stop to reach the closing price, use higher values of mult if you want to avoid potential whipsaws. Above the indicator with slow convergence time (high length) and low mult. Points with early exit points are highlighted. Usage For Oscillators The difference between the closing price and an overlay indicator can provide an oscillator with characteristics depending on the indicators used for differencing, Lucía Llorens stated that we should find indicators for differencing that highlight the cycles in the price, in other terms : Price - Signal , where we want to find Signal such that we maximize the visibility of the cycles, it can be demonstrated that in the case where the closing price is an additive model : Trend + Cycles + Noise , the zero lag estimation of the Trend component can allow for the conservation of the cycle and noise component, that is : Price - Estimate(Trend) , for example the difference between the price and moving average isn't optimal because of the moving average lag, instead the use of zero lag moving averages is more suitable, however the proposed indicator allow for a surprisingly good representation of the cycles when using differencing. The normalization of this oscillator (via the RSI) allow to make the peak amplitude of the cycles more constant. Note however that such method can return an output with a sign inverse to the one of the original cycle component. Conclusion We proposed an indicator which share the logic of the SAR indicator, that is using convergence toward the price in order to provide early exit points detection. We have seen that this indicator can be used to highlight cycles when used for differencing and i don't exclude publishing more indicators based on this method. Lucía Llorens has been a great person to work with, and provided enormous feedback and support while i was coding the indicator, this is why i include her in the indicator name as well as copyright notice. I hope we can make more indicators togethers in the future. (altho i was against using buy/sells labels xD !) Thanks for reading !
Pine Script® indicator
by alexgrover
44
unRekt - KISS MarsieMarsie is an EMA-RSI indicator and part of the 'keeping it simple' series that have a similar color scheme. The RSI 'Relative Strength Index' is a momentum oscillator, measuring the velocity and magnitude of directional price movements. it is measured from 0 - 100 with 30 and 70 being low "oversold" and high "overbought" conditions. It is also commonly used to determine bullish or bearish divergences. The EMA aspect is the 'Exponential Moving Average' which has had the RSI calculation added to it and acts a signal line when the RSI crosses it for buy and sell opportunities.
Pine Script® indicator
by Upland
2
TrendFlex Oscillator - Dr. John EhlersHot off the press, I present this NEW "TrendFlex Oscillator" employing PSv4.0, originally formulated by Dr. John Ehlers for TASC - February 2020 Traders Tips. John Ehlers might describe it's novel characteristics as being a reversal sensitive near zero-lag averaging indicator retaining the TREND component. Also, I would add that irregardless of the sampling interval, this indicator has a bound range between +/-2.0 on "1 second" candles all the way up to "1 month" candle durations. This indicator also has a companion indicator entitled "Reflex Oscillator". I have published it in tandem with this one in my scripts profile. One notable difference between this and the original formulation is that I have added an independent control for the Super Smoother. This "tweak" is enabled by applying the override and adjusting it's period. There is a "Post Smooth" input() that "tweaks" the internal TrendFlex EMA too. Keep in mind that my intention of adding tweaks is solely for experimentation with the original formulation. I also added adjustable levels for those of you that may wish to employ alertcondition()s to this indicator somehow. Providing a more utilitarian approach, I created this with an easy to use reusable function named trendflex(). As always, I have included advanced Pine programming techniques that conform to proper "Pine Ettiquette". Being this is one of John Ehlers' first two simultaneously released indicators for 2020, I felt a few more bells and whistles were appropriate as a proper contribution to the Tradingview community. Features List Includes: Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting AND much, much more... You have the source! The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script® indicator
by ImmortalFreedom
18
PVT Osc - Price Volume Trend Oscillator [UTS]The oscillator version of the Price Volume Trend indicator (PVT) can be considered as a leading indicator of future price movements. The PVT Indicator is similar to the On Balance Volume indicator as it is also used to measure the strength of a trend. The difference between the OBV and the PVT is that where the OBV adds all volumes when price achieves higher daily closes and subtracts them when price registers a lower daily close, the PVT adds or subtracts only a portion of the volume from the cumulative total in relation to a percentage change in price. The general market consensus is that this difference enables the PVT to more accurately represent money flow volumes in and out of a stock or commodity. The PVT has been designed so that it is capable of forecasting directional changes in price. For instance, if the price of a stock is rising and the PVT begins to fall, then this is indicative that a price reversal could occur very soon. The general consensus is that the PVT is more accurate at detecting new trading opportunities than the OBV because of the differences in their construction. The OBV is designed so that it adds the same amount of volume whether the price closes upwards by just a small fraction or by multiples of its day opening value. On the other hand, the PVT adds volume proportional to the amount the price closed higher. General Usage Plain old PVT can be used to confirm trends, as well as spot possible trading signals due to divergences. A benefit of the oscillator version is that it can produce LONG or SHORT signals on zero line cross. Or controversy, disallow LONG trades in bearish territory and disallow SHORT trades in bullish territory. Moving Averages 4 different Moving Averages are available: EMA (Exponential Moving Average) SMA (Simple Moving Average) VWMA (Volume Weighted Moving Average) WMA (Weighted Moving Average)
Pine Script® indicator
by UberTradingSystems
15
OBV Osc - On Balance Volume Oscillator [UTS]The oscillator version of the well known On Balance Volume Indicator (OBV). General Usage Plain old OBV can be used to confirm trends, as well as spot possible trading signals due to divergences. A benefit of the oscillator version is that it can produce LONG or SHORT signals on zero line cross. Moving Averages 4 different Moving Averages are available: EMA (Exponential Moving Average) SMA (Simple Moving Average) VWMA (Volume Weighted Moving Average) WMA (Weighted Moving Average)
Pine Script® indicator
by UberTradingSystems
3
[PX] ADX and DI v4Hey guys, I recently used the "ADX and DI" indicator in a variety of my own scripts. Because I keep on developing version 4 scripts and the "ADX and DI" indicator is developed in one of the previous PineScript versions, I had to update the old script every time I wanted to use it. I decided to publish the updated version and also changed a few things: - ADX color is now orange - Instead of plotting the DI+ and DI- lines, it's filling the space between the two (can be changed in the "style"-section) Maybe some of you find it useful. If so, leave a like or follow :) Happy trading, paaax P.S: The original indicator was developed by the user @MasaNakamura. Thanks for your great work!
Pine Script® indicator
by paaax
6
Trend WaveHello Traders! You know, I can sill remember the first time I started tinkering with Pinescript. As I had no prior programming experience, I learned by experimenting with other open-source scripts on TradingViews Marketplace. Tearing apart and combining interesting scripts to see what the output would be. @ChrisMoody was a huge source of inspiration for learning, and I wanted to thank him, as well as @TheLark for the concept behind this script. The Trend Wave is based on @ChrisMoody's PPO-PercentileRank-Mkt-Tops-Bottoms , which also happens to be based on @TheLark's TheLark-Laguerre-PPO/ . Within my experimentation, I found that if I isolate the ppoT & ppoB variables and plot them calculated from extremely small decimals, you can get an extremely fast reacting, mirroring trend detector. Within the script, you have the ability to plot the background colors based on trend to make it easier to see where crossovers occured, as well as a Mirror Input to view the mirrored version of the script. -@DayTradingOil
Pine Script® indicator
by DrCatherineHalsey
20
Bollinger Bands Trend Model-BuschiEnglish In general, Bollinger Bands are used as an indicator to visualize the "reversion to the mean". However, in this model, by using smaller variable values (default: 10 time intervals instead of 20, 1 standard deviation instead of 2), they are used as an trend following indicator. Two consecutive closes above the upper band form a buy signal (symbol 'B' above bar) which is reversed by two consecutive closes below the lower band (symbol 'S' under bar) and vice versa. The corresponding buying (green) and selling (red) zones are coloured between the bands. Deutsch Im Allgemeinen werden Bollinger-Bänder als ein Indikator verwendet, um die "Rückkehr zum Mittelwert" zu visualisieren. In diesem Modell werden sie durch kleine Variablen-Werte (Standardwert: 10 Zeitintervalle anstatt 20, 1 Standardabweichung anstatt 2) jedoch als Trendfolge-Indikator verwendet. Zwei aufeinanderfolgende Schlusskurse über dem oberen Band (Symbol 'B' über dem Balken) bilden ein Kaufsignal, das durch zwei aufeinanderfolgende Schlusskurse unter dem unteren Band (Symbol 'S' unter Balken) umgekehrt wird. Gleiches gilt umgekehrt. Die entsprechenden Kauf-Zonen (grün) und Verkauf-Zonen (rot) werden zwischen den Bändern eingefärbt.
Pine Script® indicator
by MagicEins
3
Pivot trend indicatorThis is a LAGGING indicator which can provide a good indication of trend. It require a certain (configurable) number of candles to have closed before it can determine whether a pivot has formed. It provides a 20 period SMA for the timeframe of your choice which is color coded to show the trend according to confirmed pivots. Anticipated usage: Long / Short bias is determined by pivot trend Trader seeks entries according to their strategy Black consolidation areas may trigger a re-evaluation of the trade and can serve as good profit taking areas The SMA colors: Green -> Higher highs & Higher lows Red -> Lower highs & Lowers lows Black -> No clear trend from the pivots Why the 20 SMA? Feel free to adjust it for your purposes. I personally find that using a higher time frame 20 SMA is a better indication of trend than longer period MAs on shorter time frames. This can be seen from comparing the 20 daily SMA and 200 hourly SMA. Pivot adjustment The pivots use the selected time frame (not) the MA trend time frame. You can specify the left and right candles required to confirm a pivot
Pine Script® indicator
by mgibson91
Volume Effectiveness [BigBitsIO]This Volume Effectiveness indicator is designed to allow users to try and identify how effective volume is on each candle, and smoothing those values over time to try to find trends. Volume Effectiveness is the % change in price for each single unit of volume on the associated candle. The value can be positive or negative, but there is an option to just monitor an absolute value. Features: - Volume Effectiveness - Toggle if Volume Effectiveness should be an absolute value - Toggle visibility of bars - Smoothed moving average of Volume Effectiveness - Adjustable period on the smoothed moving average - Several moving average types available to use for the smoothed moving average - Toggle visibility of smoothed moving average
Pine Script® indicator
by BigBitsIO
5
Trend MeterUse as a supplementary Indicator to confirm your entries, but it is as good on it's own. When you first apply the indicator to your chart make sure you shrink it down It looks a lot better that way The indicator consists of 3 different Trend Meters and a Trend Bar which are used to confirm trend As a bonus Possible Momentum Setup entries based on Stochastics are marked as well, these are very Powerful however please use with caution How to Use The more Trend meters are lit up the better Look for Support or Resistance Levels for price to be attracted to Find confluence with other indicators Enter Long above the Setup Bar Enter Short Below the Setup Bar
Pine Script® indicator
by Lij_MC
197
UT Bot StrategyUT Bot indicator was inially developer by @Yo_adriiiiaan Idea of original code belongs @HPotter I just took code of Yo_adriiiiaan, cleaned it, deleted all useless pieces of code, transformet to v4 and created a strategy from it. Also I added an input that allows you to swich to signals from Heiking Ashi. I saw that author uses HA for the indicator and on HA it look much nices then on real candles. Do not add this strategy to HA candles, use usual candles and this checkbox. Original script:
Pine Script® strategy
by QuantNomad
79
Centerline SupertrendA centerline/non-chart indicator version of Everget's Supertrend script for use in NNFX-style indicator setups, with the emphasis on this indicator NOT adding visual clutter to the main charting area with a baseline indicator already present. This is literally the EXACT same script as Everget's Supertrend, but not drawn on the chart and with the fill/stop and fill/state level removed. Adjust to your timeframe/asset and backtest/forward-test accordingly. Source script by Everget (Supertrend):
Pine Script® indicator
by auroagwei
7