Monte Carlo simulations have been a popular tool in the world of finance, risk analysis, and decision making for decades. In this post, I will take you through the history of Monte Carlo simulations and explain how I implemented this powerful technique in Pine Script. This implementation can help traders and investors in various time frames to better understand...
Linear regression is a statistical method used to model the relationship between a dependent variable and one or more independent variables. It assumes a linear relationship between the dependent variable and the independent variable(s) and attempts to fit a straight line that best describes the relationship. In the context of predicting the price of a stock...
This indicator is the output of our prediction algorithm. You can use these lines to see where the price may head for the day. These lines are great support and resistance in the market and you can play off them accordingly.
The Leavitt Convolution indicator was created by Jay Leavitt (Stocks and Commodities Oct 2019, page 11), who is most well known for creating the Volume-Weighted Average Price indicator. This indicator is very similar to my Leavitt Projection script and I forgot to mention that both of these indicators are actually predictive moving averages. The Leavitt...
The main purpose of the indicator is to make a future price estimation based on the highest dollar-based price of the stock in the past, especially for stocks that exceed their past prices in chart currency terms. There should be no expectation that this prediction will necessarily come true. A table with six columns and 19 rows (excluding the header) is created...
This script predicts future EMA values assuming that the price remains as configured (-50% to +50%).
Hello folks! In my search for new ways to get faster and better market responses, I found this brilliant Indicator here on Trading View. I rewrite all the code with my own functions and styles. So... This is my adaptation to excellent script "Momentum adjusted Moving Average by DGT" from the user dgtrd In dgtrd's words: "A brand new Moving Average,...
Sometimes get tired and what to create something fun and useless ) Here I developed a magic 8-ball. You can apply it to the chart, and it randomly will show you a prediction unique for your symbol/candle time. Please don't take this prediction seriously; there is 0 rationale behind it. However, I believe it can outperform some traders here on TradginView =) So...
This indicator shows when the market is oversold or overbought changing the bar colors as the High+Low/2 going to extreme.
Hey! I have been working on this script the lasts days, it's a collaboration with an uruguayan mate. #####IMPORTANT##### * It has been optimized for 4h charts, use it on other at your own risk. * Always use Stop Loss, since it might give false signals after a long trend. * I'm still working on it, I'm going to add candlestick pattern filtering. Thanks for your...
orig. Ichimoku built-in, but rid of all lines but the 26-bars-displaced cloud