Librehash Reversion Ribbon V2Out of all the indicators created by this brand, this is probably the grandest of them all.
Known as the ‘ZN Reversion Ribbon V2’, for short, this indicator is designed to:
1. Create multiple buy and sell signals
2. Help users gauge the momentum of the price movement.
3. Re-color candles to give users a better understanding of price direction as well as plotting entries and exits.
4. Serve as an enhanced version of the MACD indicator.
5. Effectively gauge buy and sell pressure at any given point in time by using former price data.
There are a lot of moving parts to this indicator, so this guide will be dedicated to dissecting these moving parts, piece by piece.
#1 — Histogram
Perhaps the simplest part of the indicator to dissect at the start is the Histogram. This is also the part of the indicator that can be the most important complement to any other readings that are being made.
You read the histogram in the same manner that you would read the Histogram for the MACD.
The bars in the background are the histogram. Reading this portion of the indicator is fairly simple though.
1. As the green bars get darker, the buy pressure is increasing.
2. As the red bars get darker, the sell pressure is increasing.
3. If the current bar is larger than the last, the trend is sustained. This is the same principle that you would observe in the MACD. The core difference, however, is that this indicator is plugged in with a specific formula (beyond just the basic moving averages), that make them more responsive to price movement in a way that allows for the anticipation of signals being formed.
#2 — Ribbon
The ribbon on this indicator has about 3 different buy/sell signals embedded within it that will allow traders to anticipate an impending change in trend well before it EVER occurs.
This may be the most valuable part of the indicator itself.
Let’s start with the first facet of the ribbon.
A) — The ‘widening’ of the ribbon
When the ribbon ‘expands’, that means that the trend is ‘strengthening’ or growing. When the ribbon narrows or ‘contracts’, that means that the trend is becoming weaker and that this may serve as a warning of impending trend reversal.
In the picture above, you can see the color change of the ribbon itself as well.
You’ll notice that the ribbon transitions from a darker red to a lighter red. That’s a sign of waning sell pressure. You can apply this concept to the green portion of the ribbon too.
B)— The Line Sometimes Signals Before the Cross
This one is a bit harder to explain, but the way that the indicator is programmed is not to turn ‘green’ or ‘red’ based on the crosses, but rather on a mathematical formula.
Now, because of the way the indicator is programmed, the cross often coincides with the color change — but not always.
Below is an example:
Of course, beyond this, there are the usual buy and sell signals that come with the MACD as well.
For instance, there is —
C) The Change in Direction of the is a ‘Buy’ or ‘Sell’ Signal As Well
--------------
Changes in the Candle Colors
Perhaps the most elaborate part of this indicator is the fact that it changes the colors of the candles on the chart in live time without repainting.
In order to understand the candles, here’s a quick guide:
a) dark green with green outline = extreme buy pressure
b) lighter green with green outline = normal buy pressure
c) dark red = heavy sell pressure
d) light red = light sell pressure
e) dark green with red outline = impending reversal downward
f) purple with any outline = ambiguous / neutral
g) light green with red outline = very, very weak sell pressure
h) dark green with red outline = exhausted buy pressure
f) dark red with green outline = exhausted sell pressure
Effectiveness of Indicator
This indicator has the ability to be a ‘game changer’ in terms of its ability to dissect price action.
This next picture is another awesome example of how this indicator works.
Check it out:
Here are the multiple reasons why we could’ve anticipated the reversal in price direction before red candles started showing up:
1. The actual reversion lines themselves began to converge.
2. The Histogram is declining.
3. The bar colors move from dark green to light green.
Now, you may be looking at the above picture and thinking, ‘Well it seems that it didn’t catch the major upswing in the price later though’.
This is true, however —
The gain from this move was preposterous.
Even still, the indicator ensures that we still garner some pretty significant profits.
Conclusion
What you see here sums up this indicator for the most part. However, there are continued updates that will be put out for the indicator in the near future as well.
As always, these can be pushed directly through TradingView (which will happen soon).
Pinescript
Heffae Resolution Commander (RAW)This is a script to call resolutions with some math on top of your base resolution.
Using the modulo operator to quantize integer values, it works by converting the modified resolution integer to a 4 digit string value.
Use the function within your own scripts to call funny resolutions otherwise difficult to calculate.
You cannot add series expressions to the resolution value since pine does not allow "series" as a resolution for a security call
However, you could easily stack a crapload of these together and use an expression to switch the referenced security function for your purposes.
This is the raw timeframe output as integer, not string.
To go back to string outputs (for use in security calls etc) unslash line 52 //resvalue
For those interested in the verbose version of the timeframe mod function, showing all the steps, here is a pastebin:
pastebin.com
Cheers! Drop a line / comment if you enjoy or have any questions on how to integrate this into your script@!
The Modulo operator is so much fun!
Heffae Resolution CommanderThis is a script to call resolutions with some math on top of your base resolution.
THIS IS NOT AN INDICATOR TO USE ON A CHART!!! The resolution call function is really useful for your own scripting ideas!
Using the modulo operator to quantize integer values, it works by converting the modified resolution integer to a 4 digit string value.
The function within this script is what is valuable, use it within your own scripts to call funny resolutions otherwise difficult to calculate.
You cannot add series expressions to the resolution value since pine does not allow "series " as a resolution for a security call
However, you could easily stack a crapload of these together and use
an expression to switch the referenced security function for your purposes.
The SMA and plot overlay are just there to show a visual example of how the function works.
You can view the raw timeframe output integer by getting rid of tostring(x) and // out the security calls,
plotting the raw function outputs.
For those interested in the verbose version of the timeframe mod function, showing all the steps, here is a pastebin:
pastebin.com
Cheers! Drop a line / comment if you enjoy or have any questions on how to integrate this into your script@!
The Modulo operator is so much fun!
CM_Ultimate_MA_MTF_V2 with Alert Long and Short Hello All,
Here is a scirpt of ChrisMoody modified with the alerts of purchases and sales.
I just have a problem with automation. At the bottom of my script my alerts "Buy1" and "Sell2" give alerts constantly and I wish to have a single alert before the order is completed. Before "Sell1" or Buy2 ".
I found the function "barstate.isfirst" that could possibly work?
Does anyone have an idea ? :)
Script functionality test - work in progress (2RS + BB + MA)This is the first script I've written. Its sole purpose is to make me learn a bit of pine script. Its not intended to trade live.
Feel free to modify it if you wish and let me know if you do it. Also any comments are welcome!
Also i need help in two things:
1. Im unable to print the "in-strategy" rsi on chart
2. I want to ignore the first buy signal after each sell. I was looking to ad a counter to the signals but im unable to do it.
Any help will be greatly appreciated!
EMAcrossover_RSI Buy/sell signal-TRXBTC_15min by rajista EMAcrossover_RSI Buy/sell signal Strategy
To be used in combination with Alerts script, both can be added to your tradingview charts (Chart time-frame should be set to 15min) like you add any other simple indicator.
Add this script to your favorites and once you have been granted access, you will be notified in your Tradingview notifications section, then you can go ahead and add these two scripts into your charts from your favorite section of Indicator menu in Tradingview.
Benefits of this strategy:
1> Fully automated buy/sell signals 24x7
2>Your trades will always be based on a certain entry and exit plan.
3>No emotions involved with these trading calls, so no chance of FOMO buying/Panic Sell
4>You can fully customize the settings with a simple click(customization details given below)
5>Its completely free of cost!!!
There are two parts of this automated trading call system:
1>Strategy script- Gives the buy/sell signals based on the settings provided.
2>Alert script- Gives Alert notifications in tradingview when a buy/sell call is made.
Principle of working is very simple to understand:
Stragey script makes:
Buy call - When the 9EMA crosses above the 21EMA or RSI level-20 is reached in 15min-Chart.
Sell call -When 9EMA crosses below the 21EMA or RSI level-70 is reached in 15min-Chart.
Above values of EMA's and RSI are default values , which can be changed easily in settings panel of Strategy script.
Alert Script allows you to add Alerts when these buy/sell calls are made.
To create a Buy call alert:
1> Click on the create alert icon in your chart (top-centre)
2>Click on Condition -drop down button and select EMAcross_rsi_Alerts
3>Below that bar you will see another bar titled "Buy"-click on its drop down menu and select "Crossing Down"
4>Below that bar right next to Value change 0 to 0.9.
5>Set expiration date for your alerts as per your wish
6>Ensure "Show Popup" and "Play sound" is checked
7>You can check option of sending the alert to your email also.
Finally click on create.
To create Sell Alert:
Repeat same process, except that, after step 2- Do this- change the "long" option to "short" by clicking on the drop down menu right next to the first bar.
Click on create, Finally both of your automated buy/sell call alerts will be configured.
I know its been 2-3 days since i tweeted about this strategy and now i am making it available, you can understand i had to put in a lot of working hours, towards creating the source code for the strategy script and then for alerts script and even more so towards finding the perfect default settings which can be used straight away by anyone, even if you are new in crypto trading, apart from the time which i dedicate to analyse charts and pass on the knowledge/info to you all.
My next post will be even more helpful to you people as i am currently testing "fully automated trading" yea you heard that right!! - This system will trade 24x7 for you guys/girls no matter wherever you are either you are sleeping or watching a movie, your trades would still be getting executed with a proper entery-exit plan on a crypto exchange.
Volume & Intraday ScriptI am still learning pinescript, and part of this was created using the Pine Script language reference manual. This includes looking at the time series, a fixed length, and the default intraday_loss variables. This also includes the basic fixed lengths for an swma (Symmetrically weighted moving average) and the script to start creating a strategy. All in all this is just a basic sample of pinescript that you can customize for your trading needs. This can work with Cryptocurrency but these moving averages usually work more efficiently for forex.
Renko CandlesThis is a script to place Renko candles on your chart alongside another candle type or more importantly, using the variables from this script, you can build a strategy using Renko candles that will depict true/proper entries and exits in a strategy when using the backtest feature.
We hope this helps!
Pine Script Tutorial #2In this second tutorial we build upon the previous tutorial. We add color shading for each different day and highlight Wednesday.
The idea here is to manually count if on Wednesdays close is bigger then open.
Hope it helps.
Feel free to comment.
MartinMystere
My Tutorial #1If you are just like me and cant just get your head around pine script, I have created this simple code so you get the main concept.
Unfortunately there are no good step by step tutorials out there teaching scripting.
Hope this helps.
Comments are welcome.
MatinMystere
15 Minute Gold Trend-Following StrategyThis is the main strategy that I will be forward testing on demo for a month or two, then making it an EA in MetaTrader4
You can see the code for yourself this time, all the strategy is, is a crossover of various moving averages.
Commission included, $10,000 account.
Results over the past 3 months, beginning in January 2017.
MAster Gold StrategyVersion 3 for you guys, just add to favorites and you can use.
Only 36 trades since 2017, since that is when the backtesting began.
I made the commission more realistic, now it is about 37 pips per trade.
Only works on gold, (XAUUSD).
Trend Following as you can see.
1 contract size, 1 trade at a time, good proof of how being correct less than a third of the time can still bring you in a lot of profits.
Essentially, the net profit will be close to $8000, or 80%, as a long position on XAUUSD is currently running, and when it is closed, the profit will go up.
Imagine that, 72% profit on your account in 3 months?
(Hint: add the indicator to your favs, pull up the 30 minute gold chart)
Updated Gold Strategy - Trend Following Script v4.0This strategy improves on the latest one that I posted in several ways.
the %profit is reduced by 3%
Success rate reduced by 2%
Drawdown decreased by half (from 40% to 20%)
Average trade $ increased by $500
alert reloadedtype: alert creation
required time: 5 minutes
level: easy
Getting alerts for indicators and strats is good to easy the eyes of the charts for a while :)
After my first script itroducing how to do alerts here there is an easier, more clear way to create an alert. It's still good to do it the "old way" to understand/debug an alert, but after that you'll want this extra tool for sure.
I assume you read my previous post, or understand how alerts are set up on a chart.
So, there is this function called alercondition() that does (almost)the whole job for us :)
The function does NOT create the alert automatically, what is does is introducing a new option in the alerts popup. While in the v1.0 of my script the alert was triggered checking for the plot value against 0.9 or -0.9, in this example the alertcondition() function just fires the alert by itself.
Get the script for yourself, in favourites, copy/paste, whatever. Add it to any chart. Then, open the popup to create an alert(the little clock at the top). There will be a drop menu with the options and "Alert reloaded". This is the title provided in the study() parameter. Choose this one.
Now, the second drop menu has the "going UP" and "going DOWN" options. These are the titles from the alertcondition() function. Select one. Make all the aditional choices for the alert you want. Save it.
And that's it, the alert will fire when the conditions become true. You can still keep the plot() for graphical reference, but it's now an extra, removing it will not affect the alert, so more space in the chart. Yey!! :)
Back to zero: Understanding seriestype: pine series basic example
time required: 10 minutes
level: medium (need to know the "array" data variable as a generic programming concept, basic Pine syntax)
tl;dr how variables and series work in Pine
Pine is an array/vector language. That's something that twists how it behaves, and how we have to think about it. A lot of misunderstandings come from forgetting this fact. This example tries to clear that concept.
First, you need to know what an array is, and how it works in a programmig language. Also, having javascript under your belt helps too. If you don't, google "javascript array basic tutorial" is your friend :)
So, in pine arrays are called "series". Every variable is an array with values for each candle in the chart. if we do:
myVar = true
this is not a constant. It is a series of values for each candle, { true, true,....., true }
In practice, the result is the same, but we can access each of the values in the series, like myVar{0}, myVar{7}, myVar{anyNumber}....
Again, it is not a constant, since you can access/modify the each value individually
so, lets show it:
plot (myVar, clolor = gray)
this plots an horizontal line of value 1 ( 1 is equal to true ) so it's all good.
On to a more usual series:
tipicalSeries = close > open ? true : false
plot(tipicalSeries, color= blue)
This gives the expected result, a tipical up and down line with values at 1 or 0. Naturally, "tipicalSeries" is an array, the "ups" and "downs" are all stored under the same variable, indexed by the candles.
In Pine, the ZERO position in the array is the last one, which corresponds to the last candle on the right. Say you have a chart with 12 candles. The close would be the closing value of what we intuitively think as first candle, the one on the left. then close ... and so on.... until close , the value of the "last" candle, the one on the right. It actually helps to start thinking of the positions backwards, counting down to zero, rocket launch style :)
And back to our series. The myVar will also be the same size, from myVar to myVar .
When we do some operation with them, something simple like
if ( myVar == tipicalSeries)
what is really happening is that internally, Pine is checking each of the indexes, as in myVar == tipicalSeries , myVar == tipicalSeries .... myVar == tipicalSeries
And we can store that stuff to check it. simply:
result = (myVar == tipicalSeries) ? true : false //yes, this is the same as tipicalSeries, but we're not in a boolean logic tut ;)
plot (result)
The reason we can plot the result is that it is an array, not a single value. The example indicator i provide shows a plot where the values are obtained from different places in the array, this line here:
mySeries3 = mySeries2 and mySeries1
this creates a series that is the result of the PREVIOUS values stored (the zero index is the one most at the right, or the "current" one), which here just causes a shift in the plotted line by one candle.
Go ahead, grab a copy of my code, try to change the indexes and see the results. Understanding this stuff is critical to go deeper into Pine :)
Backtesting Period Selector | ComponentDescription
It's nice to quickly be able to set the backtesting period when writing strategies.
To make this process faster I wrote a simple 'component'.
So this is not a strategy but rather code you can plug-into your strategy and use
if you need that specific functionality.
Then it's just a matter of selecting which dates you want to backtest.
You can also chose to color the background to visually show the testing period.
Unfortunately, the background color is fixed at 'blue' for now.
Ps. I like the idea of writing small components to be pluged into other strategies
I'll try to develop this idea a bit further and see how small pieces of code can
easily provide specific functionality to assist and make deving strategies a bit less 'Pineful'.
Usage
First copy the instructed part of the component code over to your strategy.
Next, use the testPeriod() function to limit strategies to the specified backtesting period.
Example usage:
if testPeriod()
strategy.entry("LE", strategy.long)
Todo / Improvements
There are many ways to improve this component and I'm not a very good coder so this is a very crude solutions.
Anyway, here are some things which would be nice to improve:
1. Enable color selection so that the user can choose the background color of his own liking.
2. Improve naming of variables.
3. Test for ilogical choices, such as test period start being at a later date, than test period stop.
4. Account for time zones.
As always, any feedback, corrections or thoughts are very much welcome!
/pbergden
Simple Strategy Code StubThis is a very basic strategy implementation
Use as a code stub for your strategy code. I wrote it because I could not find one.
This particular strategy goes long on Tuesdays at 10 am and goes short at 3 pm on Thursdays.
Because US markets open at 9:30 you have to have your chart in 30 minute or less resolution for trades to fire.
You can gut that code and replace it with your own to start testing your own indicators and strategies.
If you build a strategy that doesn't use "hour" like I have this resolution requirement won't apply.
For giggles, compare its performance to other strategies. Weird, huh? About 53% effective on most equities and indexes.
This strategy does the minimum needed to get a strategy working
and uses default position sizes and buys at market with no stops.
Again, it is the minimal code stub needed to test an indicator/rule based strategy.
A great code reference for building more sophisticated strategies can be
found here =>
The code is written by @greatwolf and is very well structured for anyone looking to fully utilize
strategy features for position sizing, limit orders, stops and cancellations.
"Smoothed" CandlesHi!
This new functions plotbar and plotcandle are amazing! Just look at this smoothed candles here)))
Higher Resolution Bars on Intraday ChartHi everybody!
With new plotbar and plotcandle functions you may plot somewhat "stretched" daily bars over intraday chart. Enjoy!
Code for Cup With Handle calculations (using Pine)Cup with Handle formation calculations using Pine.
First of all, ignore all other lines in the example chart except the two FAT lines. The two fat lines are the ones that define the Cup With handle or in the example chart: a Reversed Cup With Handle.
Note: Handle does not always develop and sometimes the final target price is reached without forming any handle.
This script can calculate both Cup With Handle ( CH ) and Reversed Cup With Handle ( RCH ). Just order the input values accordingly.
For more information about Cup With Handle, use google:
www.google.se
The script need two input parameters : The highest price in the Cup formation and the lowest price in the cup formation or vice versa for the Reversed Cup formation.
Best regards,
/Hull, 2015.05.20.16:31
CM_3-Stochastics_No%D_UserRequestCreated By ChrisMoody on 1-19-2014 by User Request
Plots 3 Stochastic Lines.....No %D Lines...by User Request.






















