RSI with Self-Adjusting Linear Regression Bands (Expo)RSI with Self-Adjusting Linear Regression Bands (Expo) makes use of RSI and Linear Regression to create an RSI that follows the current trend. The indicator has an upper and lower self-adjusting Linear Regression Band that act as RSI boundaries.
HOW TO USE
The indicator can be used in multiple ways, for instance, to find overbought and oversold areas. Or to identify trends as well as pullbacks in trends.
INDICATOR IN ACTION
This indicator is a modification of RafaelZioni's work "Linear Regression Trend bands"
Credit to: RafaelZioni
I hope you find this indicator useful , and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!
I will continually work on this indicator, so please share your experience and feedback as it will enable me to make even better improvements. Thanks to everyone that has already contacted me regarding my scripts. Your feedback is valuable for future developments!
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Disclaimer
Copyright by Zeiierman.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
Regresja liniowa
Responsive Linear Regression ChannelsThis is a linear trend indicator that can:
- automagically adjust to different chart resolutions
- snap to day/session boundaries on intraday
- totally not do the above and use ye olde good fixed lookback window
- show the regression trend and its RMSE channels
- disregard the trend and just show the period average and standard deviation lines (often acting as support and resistance)
The main idea was to allow you to quickly view linear trends for different time periods without having to calculate the required amount of bars.
By default, you will be able to quickly switch between 1-3 months, 6 months, 1 year, 2 years and 5 years of data, as well as various daily lookback periods.
Please adjust resolution settings to your liking.
Caveats:
- More data means more noise and slower calculations.
- HLC3 source is recommended, especially at resolutions above hourly.
- Trend will be slightly different if you use extended hours.
- If you use extended hours and don't have a data subscription, trend will be SUBSTANTIALLY different, especially at smaller resolutions like 1m.
- You might want to use 3.5 days per week for crypto (it's 7 days by default).
Known problems:
- If you can't see the trendlines, scroll to the left or zoom out - the origin could be outside of your viewport.
- Futures' sessions start on the previous day. We currently snap only to day boundaries, not session breaks.
- UVXY and the like that have extremely high price datapoints. The calculations will be wrong on some resolutions.
- Replay can freeze circa bar_index 244 — disable smart lookback and keep your window under 240 bars if you encounter this.
ACKNOWLEDGEMENTS:
Many thanks to alexgrover for his extremely efficient functions (used with permission)
My BTC log curveLogarithmic regression of the USD price of Bitcoin , calculated according to the equation:
y=A*exp(beta*x^lambda + c) + m*x + b
where x is the number of days since the genesis block. All parameters are editable in the script options.
Linear Regression ChannelsThis script tries to find when a trading channel is developing and once is developed it will save it for later use on 2 variables up and down channel. You can access the last 2 channels for comparisons but this could be extensible for more channels.
You can choose the delta for the alignment accuracy of the channel.
The error for the difference between channels and the deviation for the width of the channel based on standard deviation.
Offset is for the alignment basically if the alignment is the same at the begining and at the offset the algo consider that a Channel.
Trend Following with Moving AveragesHello Traders,
With the info "Trend is Your Friend ", you should not take position against the trend. This script checks multipte moving averages if they are above/below the closing price and try to find trend. The moving averages with the length 8, 13, 21, 34, 55, 89, 144, 233, 377 used. these are fibonacci numbers, but optionally you can change the lengths of each moving averages. while it's green you better take long positions, while it's red you better take short positions according to other indcators or tools.
Optionally you have "smoothing" option to get rid of whipsaws. it's enabled by default.
You have option to use following moving average types: EMA, SMA, RMA, WMA, VWMA. by default it's EMA
Also the script has "Resolution" option. with this option you can get the trend for other time frames, in following example 1h was set as for higher time frame on 15m chart:
This should not be used as buy/sell signal indicators as it's tries to find trend but not entry points, you should use other indicators (such RSI, Momentum) or other tools to find buy/sell signals.
Enjoy!
Angle & Price FlowThis is a simple end of the day indicator based on open and close values.
Angles:
Identifying narrow angles helps to find breakouts
Maximum angle = High chance of reversal
Minimum angle = Chance of breakouts on the next day or upcoming days.
Price Flow:
I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using rounding bottoms and rounding top patterns, sharp corners for reversals.
Features:
Multi time frame
Labels
Hide previous period
Combine it with other indicators for better result.
Angle & Price FlowThis is a simple end of the day indicator based on open and close values.
Angles:
Identifying narrow angles helps to find breakouts
Maximum angle = High chance of reversal
Minimum angle = Chance of breakouts on the next day or upcoming days.
Price Flow:
I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using rounding bottoms and rounding top patterns, sharp corners for reversals.
Features:
Multi time frame
Labels
Hide previous period
Combine it with other indicators for better result.
Linear Regression (All Data)The tool plots a linear regression line using the entire history of an instrument on chart. There are may be issues on intraday timeframes less then 1h. On daily, weekly and monthly charts it works without problem.
If an instrument has a lot of data points, you may not see the line (this is TV feature):
To fix that you need to scroll your chart to the left and find the starting point of the line:
And then do an auto-scroll to the last bar:
Bitcoin Block Height (Total Blocks)Bitcoin Block Height by RagingRocketBull 2020
Version 1.0
Differences between versions are listed below:
ver 1.0: compare QUANDL Difficulty vs Blockchain Difficulty sources, get total error estimate
ver 2.0: compare QUANDL Hash Rate vs Blockchain Hash Rate sources, get total error estimate
ver 3.0: Total Blocks estimate using different methods
--------------------------------
This indicator estimates Bitcoin Block Height (Total Blocks) using Difficulty and Hash Rate in the most accurate way possible, since
QUANDL doesn't provide a direct source for Bitcoin Block Height (neither QUANDL:BCHAIN, nor QUANDL:BITCOINWATCH/MINING).
Bitcoin Block Height can be used in other calculations, for instance, to estimate the next date of Bitcoin Halving.
Using this indicator I demonstrate:
- that QUANDL data is not accurate and differ from Blockchain source data (industry standard), but still can be used in calculations
- how to plot a series of data points from an external csv source and compare it with another source
- how to accurately estimate Bitcoin Block Height
Features:
- compare QUANDL Difficulty source (EOD, D1) with external Blockchain Difficulty csv source (EOD, D1, embedded)
- show/hide Quandl/Blockchain Difficulty curves
- show/hide Blockchain Difficulty candles
- show/hide differences (aqua vertical lines)
- show/hide time gaps (green vertical lines)
- count source differences within data range only or for the whole history
- multiply both sources by alpha to match before comparing
- floor/round both matched sources when comparing
- Blockchain Difficulty offset to align sequences, bars > 0
- count time gaps and missing bars (as result of time gaps)
WARNING:
- This indicator hits the max 1000 vars limit, adding more plots/vars/data points is not possible
- Both QUANDL/Blockchain provide daily EOD data and must be plotted on a daily D1 chart otherwise results will be incorrect
- current chart must not have any time gaps inside the range (time gaps outside the range don't affect the calculation). Time gaps check is provided.
Otherwise hardcoded Blockchain series will be shifted forward on gaps and the whole sequence become truncated at the end => data comparison/total blocks estimate will be incorrect
Examples of valid charts that can run this indicator: COINBASE:BTCUSD,D1 (has 8 time gaps, 34 missing bars outside the range), QUANDL:BCHAIN/DIFF,D1 (has no gaps)
Usage:
- Description of output plot values from left to right:
- c_shifted - 4x blockchain plotcandles ohlc, green/black (default na)
- diff - QUANDL Difficulty
- c_shifted - Blockchain Difficulty with offset
- QUANDL Difficulty multiplied by alpha and rounded
- Blockchain Difficulty multiplied by alpha and rounded
- is_different, bool - cur bar's source values are different (1) or not (0)
- count, number of differences
- bars, total number of bars/data points in the range
- QUANDL daily blocks
- Blockchain daily blocks
- QUANDL total blocks
- Blockchain total blocks
- total_error - difference between total_blocks estimated using both sources as of cur bar, blocks
- number_of_gaps - number of time gaps on a chart
- missing_bars - number of missing bars as result of time gaps on a chart
- Color coding:
- Blue - QUANDL data
- Red - Blockchain data
- Black - Is Different
- Aqua - number of differences
- Green - number of time gaps
- by default the indicator will show lots of vertical aqua lines, 138 differences, 928 bars, total error -370 blocks
- to compare the best match of the 2 sources shift Blockchain source 1 bar into the future by setting Blockchain Difficulty offset = 1, leave alpha = 0.01 =>
this results in no vertical aqua lines, 0 differences, total_error = 0 blocks
if you move the mouse inside the range some bars will show total_error = 1 blocks => total_error <= 1 blocks
- now uncheck Round Difficulty Values flag => some filled aqua areas, 218 differences.
- now set alpha = 1 (use raw source values) instead of 0.01 => lots of filled aqua areas, 871 differences.
although there are many differences this still doesn't affect the total_blocks estimate provided Difficulty offset = 1
Methodology:
To estimate Bitcoin Block Height we need 3 steps, each step has its own version:
- Step 1: Compare QUANDL Difficulty vs Blockchain Difficulty sources and estimate error based on differences
- Step 2: Compare QUANDL Hash Rate vs Blockchain Hash Rate sources and estimate error based on differences
- Step 3: Estimate Bitcoin Block Height (Total Blocks) using different methods in the most accurate way possible
QUANDL doesn't provide block time data, but we can calculate it using the Hash Rate approximation formula:
estimated Hash rate/sec H = 2^32 * D / T, where D - Difficulty, T - block time, sec
1. block time (T) can be derived from the formula, since we already know Difficulty (D) and Hash Rate (H) from QUANDL
2. using block time (T) we can estimate daily blocks as daily time / block time
3. block height (total blocks) = cumulative sum of daily blocks of all bars on the chart (that's why having no gaps is important)
Notes:
- This code uses Pinescript v3 compatibility framework
- hash rate is in THash/s, although QUANDL falsely states in description GHash/s! THash = 1000 GHash
- you can't read files, can only embed/hardcode raw data in script
- both QUANDL and Blockchain sources have no gaps
- QUANDL and Blockchain series are different in the following ways:
- all QUANDL data is already shifted 1 bar into the future, i.e. prev day's value is shown as cur day's value => Blockchain data must be shifted 1 bar forward to match
- all QUANDL diff data > 1 bn (10^12) are truncated and have last 1-2 digits as zeros, unlike Blockchain data => must multiply both values by 0.01 and floor/round the results
- QUANDL sometimes rounds, other times truncates those 1-2 last zero digits to get the 3rd last digit => must use both floor/round
- you can only shift sequences forward into the future (right), not back into the past (left) using positive offset => only Blockchain source can be shifted
- since total_blocks is already a cumulative sum of all prev values on each bar, total_error must be simple delta, can't be also int(cum()) or incremental
- all Blockchain values and total_error are na outside the range - move you mouse cursor on the last bar/inside the range to see them
TLDR, ver 1.0 Conclusion:
QUANDL/Blockchain Difficulty source differences don't affect total blocks estimate, total error <= 1 block with avg 150 blocks/day is negligible
Both QUANDL/Blockchain Difficulty sources are equally valid and can be used in calculations. QUANDL is a relatively good stand in for Blockchain industry standard data.
Links:
QUANDL difficulty source: www.quandl.com
QUANDL hash rate source: www.quandl.com
Blockchain difficulty source (export data as csv): www.blockchain.com
CBG Keltner ChannelsHere's an updated version of the CBG Keltner Channel indicator.
1. Added a new option for painting bars and backgrounds.
- Option 5 will paint up bars if the midline moving average is moving up and price is above the control moving average. It will paint down bars if the opposite is true. If neither are true, it will paint a neutral color. The neutral color defaults to gray bars and no color for backgrounds.
2. I've also added a 3rd band.
The chart here shows the default settings except for the inner band which is turned off.
Range identifier by angleThis study tries to highlight ranges
as they are defined by
TradingLatino TradingView user.
A range according to its definition would consist of
periods when the price does not move a lot.
It's aimed at BTCUSDT pair and 4h timeframe.
HOW IT WORKS
Price source is the middle between open and close values.
For each of the bars a '5' periods regression line is calculated
The regression line has an angle with the 0-axis line
which might be between 0 and 90.
0 angle would mean price is always the same
90 angle would mean price going to infinity
When '2' of those periods in a row
have their angles between a maximum angle
and a minimum angle then you have the range
SETTINGS
Price range bar periods : How many previous periods are used to calculate the bar regression line
Price range range periods : How many periods in a row should be used to say that there is a range
Price range maximum angle ( < 90.0 !!! ): Maximum angle for range detection
Price range minimum angle ( > -90.0 !!! ): Mininum angle for range detection
Angles should be set from -89.99 for the minimum angle to +89.99 for the maximum angle
WARNING
Despite the name indicator does not identify the entire range.
It identifies when you realise you are inside a range.
E.g. If a range length is 8 periods length this range indicator
will highlight only the last 6 periods of the range.
USAGE
If your strategy signals you an upwards trend
then you might use this range detector
to know when to exit your long position
Why?
Because most of the times
the price is found to be
in a range it goes down
FEEDBACK 1
I'm quite sure this range approach by comparing angles is a novel one.
I have checked Range Identifier script from TradingView LazyBear user
and it uses another approach.
I'm interested on different approaches on how to detect ranges.
FEEDBACK 2
I have only used this identifier in BTCUSDT 4h timeframe.
I'm interested to know if applying it more traditional
stocks the degrees need to be adjusted to something
more smaller.
PINE SCRIPT TRICK
This script simulates looping an string char by char
in pine script.
CREDITS
I have reused and adapted some code from
'TF Segmented Linear Regression' script
which it's from TradingView alexgrover user.
All RSI Signals v1Hi All,
RSI is a widely accepted indicator by most of the traders. I built this indicator to present all the RSI buying and selling signals that can be missed to get the best use of this indicator.
The indicator is composed of:
1. RSI
2. Stochastic RSI
3. Linear regression for the RSI
The short signals provided by the stochastic will support short term traders to catch every move and maximize the profit. The idea is that:
1. The stochastic stochastic RSI will give the RSI a colour based on the potential movement. blue colour for uptrend and red for the downtrend
2. The linear regression will provide the directions of the RSI and facilitate the indication of any divergence with the stock or commodity trend
3. Based on my tests, It's better to buy only if the RSI is between 30 to 70 and the stochastic between 20 and 60 to ensure a strong trend and capture the right amount of the revenue
Hope you enjoy it and remember that all the variables are editable to support you in customizing it based on your experience and market behaviour
NSDT ES Midline Zones**DESIGNED FOR ES/MES** This script provides an easy visualization of potential reversion zones to take trades back to the intraday midline. A common use would be to enter a position once price reached the outer yellow zones and retreats to either the red zone (for a short toward the midline) or a green zone (for a long back to the midline).
NSDT NQ Midline Zones**DESIGNED FOR NQ/MNQ** This script provides an easy visualization of potential reversion zones to take trades back to the intraday midline. A common use would be to enter a position once price reached the outer yellow zones and retreats to either the red zone (for a short toward the midline) or a green zone (for a long back to the midline).
CBG Swing HighLow MAThis indicator will show the swing high and lows for the number of bars back. It's very easy to use and shows good support and resistance levels.
I then took it a step further and added a moving average with all the standard types in my indicators:
SMA
EMA
Weighted
Hull
Symmetrical
Volume Weighted
Wilder
Linear Regression
I then added Bollinger Bands to show the standard deviation from the midline.
Finally, I added a simple bar coloring scheme: green if above the upper BB, Red if below and orange if in the middle.
I am just testing this out so please use with caution. If anyone in the community wants to run some backtests, that would be great and we would all appreciate it.
Of course you can keep it all simple and turn off all the moving averages and bollinger bands.
Enjoy! :-)
Ehlers Correlation Cycle IndicatorThe Correlation Cycle Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically part of three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for trend direction and trend strength and simply buy when it is green and sell when it turns red. Also keep in mind that the higher the indicator is above the signal then the stronger the trend and when they are close together, conditions get choppy.
Let me know if you would like to see me publish other scripts or if you want something custom done!
Ehlers Correlation Angle IndicatorThe Correlation Angle Indicator was created by John Ehlers (Stocks & Commodities V. 38:06 (8–15)) and this is technically three indicators in one so I'm splitting each one to a separate script. This particular indicator was designed for trend termination and simply buy when it is green and sell when it turns red.
Let me know if you would like to see me publish other scripts or if you want something custom done!
CBG Keltner ChannelsKeltner Channel with the following Moving Average types: SMA, EMA, Weighted, Hull, Symmetrical, Volume Weighted, Wilder and Linear Regression. Plus 2 bands with full color shading.
The picture shows the Keltner channels with the Wilder MA, my favorite. See how easy it would have been to stay in the move down? Excellent indicator.
VPTbollfib & Camarilla (Danarilla)I do not own the original indicators. This is just a combination of the two because of their nature to work in a similar way.
Camarilla Pivots run on the basis of intraday range trading. Usually after daily open you look the fade whatever move happened before. by shorting R3/H3 levels or longing R3/L3. Targeting the other side of the range. This is the infamous PivotBoss level calculations and you would want to activate camarilla and turn off the normal pivots. They use the previous days volatility to plot the next days levels.
But what about some confirmation?
Well RafaelIzoni (who made it open source for improvement) threw together this VPTbollfib. It is volume price trend crossing down a fib line using bollinger bands as price envelope. The beauty of this is that It will signal usually counter to current price action based on selling into uptrends or vise versa. Meaning you get signals to counter price. Which is what you might be looking for on range day trade scalps for camarilla. A wick reversal or engulfing + volume based signal is a very happy pairing together. And those signals are usually suitable for the target of the range you are day trading. Hourly time frame works quite well for both. And camarilla should also be on daily settings.
Special Thanks to Nanda (who published the pivotboss indicator AND) Helped to merge the scripts together.
This indicator alone is an entire trade system. Camarilla already is. If you know the rules. it can be used for entries, exits, risk management to trade the range on TREND, COUNTER TREND, and BREAKOUT plays. The bollinger band fibs add confirmation to the trends levels. And the VPT adds a secondary confirmation to take a camarilla trade.
Try it out. I think you will find both the levels on camarilla and the VPT signals quite suprising.
Linear Regression ++Due to public demand
Linear Regression Formula
Scraped Calculation With Alerts
Here is the Linear Regression Script For traders Who love rich features
Features
++ Multi time frame -> Source Regression from a different Chart
++ Customized Colors -> This includes the pine lines
++ Smoothing -> Allow Filtered Regression; Note: Using 1 Defaults to the original line. The default is 1
++ Alerts On Channel/Range Crossing
Usage
++ Use this for BreakOuts and Reversals
++ This Script is not to be used Independently
Risks
Please note, this script is the likes of Bollinger bands and poses a risk of falling in a trend range.
Signals may Keep running on the same direction while the market is reversing.
Requests
If you have any feature requests, comment below or dm me. I will answer when i can.
Feel free to utilize this on your chart and share your ideas
For developers who want to use this on their chart, Please use this script
The original formula for calculation is posted there
❤❤❤ I hope you love this. From my heart! ❤❤❤
Lnear Regression ++Here is another amazing script for you guys
Target Audience
++ Programmers
++ Linear Regression Enthusiasts
Please Use this Indicator If you understand the risk posed by linear regression; ill explain some below
Features
++ Raw Formulae for the linear regression
--I understand that tradingview explanation on how the linreg function works is not clear to many of you and therefore i included this for developers
--Yes its much simpler than you thought, Do Enjoy
++ Alerts
--You can get alerts when the lower band is crossed/touched based on your settings
--These alerts are not repainting at all.
Linear Regression Limits
As you traders know, the market changes from time and new levels will get drawn
The alerts are based on these new levels and once we have new ones, we keep updating
Risk
This script is similar to Bollinger Bands style of alerts, If the market moves continuously to one direction after the break of a band, The levels change and you may receive a new signal confirmation
Cheers!! Enjoy!! Feel free to ask me for any improvements
CBG MultiAverages ColorsThe latest version of my multiple moving averages. Now includes up to 14 moving averge lines plus a separate slow and fast moving average that can be assigned a different MA type.
In the screen shot is the fast/slow set to Hull with 15/50 periods. It is overlaid on top of my Key Numbers indicator.
7 moving averages in 1 indicator, including the Hull Moving Average .
SMA
EMA
Weighted
Hull
Symetrical
Volume Weighted
Wilder
Linear Regression
Lots of other features like background shading and paint bar colors.
