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Four Supertrend By Baljit AujlaThis Pine Script is an implementation of a "Four Supertrend" indicator by Baljit Aujla. It calculates and plots four Supertrend indicators based on the Average True Range (ATR) method, allowing for different ATR periods and multipliers for each line. Here is an explanation of the key components: Inputs 1:- ATR Periods: Four different periods for ATR, adjustable by the user (defaults: 10, 11, 12, 13). 2:- ATR Multipliers: Four different multipliers for the ATR, adjustable by the user (defaults: 1.0, 2.0, 3.0, 4.0). 3:- Source: The data source used for calculation, default is the average of high and low prices (hl2). 4:- Change ATR Calculation Method: Option to switch between the traditional ATR and a simple moving average of true range (SMA of TR). 5:- Signal Display- Options to show buy/sell signals and highlight trends. Logic: The script computes four separate Supertrend lines using the ATR method for each line. For each of the four lines, it calculates an uptrend and downtrend threshold, and the trend direction changes when the close price crosses these thresholds. For each trend line: 1. Uptrend and Downtrend Calculation: The script uses ATR-based bands above and below the price. The uptrend line is calculated by subtracting the ATR multiplied by a given multiplier from the source price, and the downtrend line is calculated by adding the ATR multiplied by a multiplier to the source price. 2. Trend Reversal Logic: The trend switches based on the price action relative to the uptrend and downtrend lines. If the price moves above the downtrend, it signals a switch to an uptrend, and vice versa for a downtrend. 3. Signal Generation: Buy signals occur when the trend changes from negative to positive (down to up), and sell signals occur when the trend changes from positive to negative (up to down). Plots: The script plots: Uptrend and Downtrend Lines: These are visualized as green and red lines for each trend. Buy/Sell Signals: Small circles are drawn on the chart when a trend change occurs (buy and sell signals). Trend Highlighting: Background highlighting is applied to show when the market is in an uptrend (green) or downtrend (red). Alerts: The script has commented-out alert conditions (alertcondition), which can be enabled to send notifications when a buy or sell signal occurs, or when a trend change happens. Enhancements: 1. Background Highlighting: This is an option to visually emphasize uptrends and downtrends by filling the background with respective colors. 2. Signal Visibility: You can toggle whether to show the buy/sell signals on the chart. 3. ATR Calculation Method: Option to change the ATR calculation method (using SMA of TR vs the default ATR). The script is useful for identifying multi-timeframe trends with adjustable parameters and provides both signals and visual markers on the chart to aid in trading decisions. Issues and Improvements: The code seems to be truncated, specifically for the last Supertrend line (Line 4). To fully complete the functionality for the fourth line, the logic for up4, down4 and tread4 needs to be finished, similar to the other three lines. Would you like help finishing the script for the fourth line or improving specific parts of it?
Wskaźnik Pine Script™
od aujlabaljit1
homayon1368//@version=5 indicator("Advanced Triangle Pattern Detector V2", overlay=true) // تنظیمات ورودی‌ها pivot_length = input.int(5, title="Pivot Length", minval=1) min_triangle_bars = input.int(15, title="Minimum Bars for Triangle", minval=5) max_triangle_bars = input.int(60, title="Maximum Bars for Triangle", minval=10) volume_decrease_ratio = input.float(0.7, title="Volume Decrease Threshold", minval=0.1, maxval=1) // شناسایی نقاط محوری pivot_high = ta.pivothigh(high, pivot_length, pivot_length) pivot_low = ta.pivotlow(low, pivot_length, pivot_length) // ذخیره‌ی نقاط محوری در آرایه‌ها var float high_points = array.new_float(0) var int high_indexes = array.new_int(0) var float low_points = array.new_float(0) var int low_indexes = array.new_int(0) if (not na(pivot_high)) array.push(high_points, pivot_high) array.push(high_indexes, bar_index) if (not na(pivot_low)) array.push(low_points, pivot_low) array.push(low_indexes, bar_index) // حذف نقاط قدیمی‌تر از محدوده مثلث while (array.size(high_indexes) > 0 and bar_index - array.get(high_indexes, 0) > max_triangle_bars) array.shift(high_points) array.shift(high_indexes) while (array.size(low_indexes) > 0 and bar_index - array.get(low_indexes, 0) > max_triangle_bars) array.shift(low_points)
Wskaźnik Pine Script™
od homayon1368
Richs Market StructureThis Pine Script indicator, "Last Bullish High & Lowest Low Tracker with Timeframe Background and Fill", is designed to visually track bullish and bearish trends based on price action on the current chart and a user-defined timeframe. It provides dynamic line plotting, area fills, and background coloring to represent trend alignment between the current chart and the selected timeframe. Features and Functionalities Tracks Bullish Highs and Bearish Lows: The script identifies: Bullish High: The highest price reached after a bullish (green) candle. Bearish Low: The lowest price reached after a bearish (red) candle. It dynamically updates these levels based on the price movements. Line Plotting: Current Chart Lines: The Plotted Bullish High line (green/red) indicates the last bullish high. The Lowest Low line (green/red) indicates the last bearish low. Selected Timeframe Lines: A separate set of lines is plotted for the user-defined timeframe (e.g., daily, weekly): A Bullish High Line for the selected timeframe (lighter green). A Lowest Low Line for the selected timeframe (lighter red). Dynamic Area Fills: The area between the Plotted Bullish High and Lowest Low is filled: Green Fill: When both lines are green (indicating a bullish alignment). Red Fill: When both lines are red (indicating a bearish alignment). For the selected timeframe: The area between the timeframe-specific Bullish High and Lowest Low is similarly filled with lighter colors. Background Color Based on Timeframe Alignment: The background color represents the trend alignment on the selected timeframe: Green Background: When the timeframe’s Bullish High is rising and Lowest Low is rising (bullish trend). Red Background: When the timeframe’s Bullish High is falling and Lowest Low is falling (bearish trend). What It’s For This indicator is designed for traders who want to: Visualize Trends Across Timeframes: It helps identify when the current chart’s trend aligns with a higher timeframe trend (e.g., daily, weekly). Useful for multi-timeframe analysis. Spot Bullish and Bearish Trends: The color-coded lines and fills clearly show the dominant trend on both the current chart and the selected timeframe. Plan Trades Based on Trend Alignment: When the current chart and selected timeframe show the same trend: Both lines and fills turn green (bullish). Both lines and fills turn red (bearish). This alignment is a potential signal for entering long or short trades. Identify Reversals and Divergences: Divergence between the current chart and timeframe trends (e.g., green on one, red on the other) may indicate trend weakening or reversal. Visual Elements Lines: Solid lines (current chart): Represent the Plotted Bullish High and Lowest Low. Dashed/lighter lines (selected timeframe): Represent the timeframe-specific Bullish High and Lowest Low. Fills: Green/Red fills highlight trend zones: On the current chart (darker). On the selected timeframe (lighter). Background: The entire chart background turns green or red based on the selected timeframe’s trend alignment. Summary This indicator is ideal for traders who want a clear visual representation of price trends and multi-timeframe alignment. It simplifies trend-following strategies by providing: Easy-to-interpret fills and background colors. Clear bullish and bearish zones. Multi-timeframe trend confirmation.
Wskaźnik Pine Script™
od pesat7900
Previous Day Levels + SMAs + VWAP + Pivot Point - By Drunko// --------------------------------------------------------------------------- // Description: // This indicator plots the following levels and indicators on the chart: // 1. **Previous Day Levels**: // - High, Low, and Midpoint levels based on the previous day's data. // 2. **Pivot Point (P)**: // - Calculated using the standard pivot formula: // P = (Previous Day High + Previous Day Low + Previous Day Close) / 3. // 3. **Simple Moving Averages (SMAs)**: // - 9-period and 20-period SMAs based on the current chart's timeframe. // 4. **VWAP**: // - The Volume-Weighted Average Price (VWAP) for the current chart. // // Instructions: // 1. Add the indicator to your chart via TradingView. // 2. Ensure the chart timeframe is intraday for Previous Day Levels to display. // 3. Customize the line styles, colors, or calculations as needed in the code. // // Features: // - Distinct colors for each level and indicator. // - Intraday checks for Previous Day Levels to prevent plotting on higher timeframes. // - Works seamlessly with any chart timeframe. // ---------------------------------------------------------------------------
Wskaźnik Pine Script™
od cesarecastro
GOLDENPIP BOS/CHOCHThe GOLDENPIP STRONG HANDS Indicator is a powerful tool specifically designed for gold traders (XAU/USD) and other assets, as explained on the GoldenPipXAU YouTube channel. This indicator pinpoints key areas where strong hands (institutions and large operators) are influencing the market. By marking ChoCH (Change of Character) and BOS (Break of Structure) directly on the chart, it identifies critical shifts in market structure. These features are vital for deciding when to enter or exit trades, maximizing strategic opportunities for profit. Key Features Recap: ChoCH (Change of Character): Identifies shifts in market direction, useful for early reversal detection. BOS (Break of Structure): Confirms trend continuation after breaking significant levels. Professional Design: Built on price action principles and fractal market structures. Ease of Use and Accuracy: Designed to highlight critical decision-making points. Perfect for: Scalping and Day Trading: Identifies opportunities on lower timeframes. Swing Trading: Detects trend reversals on higher timeframes. Traders utilizing the strategy outlined on the Golden Pip YouTube channel. With this indicator, you gain an essential tool for trading like a professional and fully capitalizing on market opportunities.
Wskaźnik Pine Script™
od AGForexESP
Candle Flip System - CFS v1The Candle Flip System is a powerful and user-friendly trading tool designed to streamline your analysis by displaying critical market data in a structured table format. This indicator is perfect for traders who want quick, actionable insights into market conditions without sifting through excessive details. Key Features: 1. Previous D1 Candle Analysis: Displays whether the last daily candle was bullish or bearish using intuitive color-coded arrows for fast identification of market direction. 2. 4-Hour Bias Alignment: Determines if the most recent 4-hour candle aligns with the previous daily candle’s bias, clearly displaying a "YES" or "NO" response with a corresponding color (green or red). 3. New Feature – Average Candle Range (ACR): The latest addition to the Candle Flip System! This feature calculates the average range (high to low) of the last three daily candles and displays the result in pips. How the Average Candle Range Works: The ACR is calculated by: 1. Taking the high and low of each of the last three daily candles. 2. Determining the range for each candle (high minus low). 3. Calculating the average of these three ranges. 4. Converting the result into pips for ease of interpretation by Forex traders. This new feature provides traders with a precise measure of recent market volatility. Higher ACR values indicate a more volatile market, while lower values suggest consolidation or reduced movement. Use this information to adjust your trading strategy, such as setting more accurate stop-loss levels or targeting appropriate profit zones. How to Use: The Candle Flip System provides an at-a-glance overview of essential market data. Use the daily candle bias and 4-hour alignment checks for directional confirmation, while the ACR helps you anticipate market behavior and adjust risk management accordingly. Whether you're a beginner or an advanced trader, this indicator delivers concise, actionable insights to enhance your trading precision.
Wskaźnik Pine Script™
od ZakProFx
EMA 34+10Features: Customizable Lengths: Default values are 10 and 34, but you can adjust them in the settings. Customizable Colors: You can select any color for the EMAs from the settings. Overlay on Chart: The EMAs are plotted directly on the price chart. How to Use: Copy the script into TradingView's Pine Editor. Click "Add to Chart" after saving. Customize the lengths and colors as needed from the settings gear icon. Let me know if you need further customizations!
Wskaźnik Pine Script™
od mcivil11