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VLM SpikeFeeling tired and just took a week break away from the busy and tough life. 🎊 Nothing special to mention today, just post a script I coded long time ago when I studied volume. People always underestimate the importance of volume while drawing tons of trendlines on their charts . A volume spike is a key to trading because it can tell us three messages, including the top, the bottom and the breakout. Using Bollinger Band as a proxy, we can always spot two scenarios. One ,when volume is declining below 1/2 SD of its average, price tends to move in one direction. But unusual volume above 1/2 SD of its average can reverse the original trend. Hope u find it helpful and don't forget to follow my little account!!😄
Wskaźnik Pine Script®
od lonelygrass
6
Automatic TrendlinesIntroduction For a full free tutorial explaining this code in more detail, visit the backtest-rookies (.com) website. This indicator will plot two trend lines at any given time. A resistance trend line and a support trend line. The resistance trend is shown with red circles and is created by joining swing highs together. The second is a support trend which is created by joining swing lows. Since we need swings to make the trend, the trend line code contains code for the swing detection. You can play around with the swing detection to alter how frequently new trend lines are detected. Relying on swings also means that there will be some delay in trend detection depending on how you configure the swing detection. The higher you set rightbars, the more lag you will have before a trend is detected. However, at the same time the quality of the pivots found will increase. So it is a trade-off you need to come to terms with and decide what the best settings are for you. Lines A single trend line is made up of several components. Pivot Points: Marked as blue or orange circles. There will be two pivots per trend. Orange/Purple Lines: Connecting all pivot points. You will see these lines change direction slightly each time a new pivot is detected (new circles appear). Green/Red Circle lines: Showing the trend line from the earliest moment a new trend is detected. Blue Dashed lines: Joining the purple and green/red circle lines so the full trend line can be seen. Note: The blue dashed lines use pine-scripts drawing functions. As such, there is a limit to how many of these can be placed on a chart. When the limit is reached, the oldest line will be removed so the newest can be drawn. This means that if you detect enough trends and scroll back in time, the blue dashed lines will disappear at some point!
Wskaźnik Pine Script®
od BacktestRookies
12
Zero Lag - ZigZag - JDThis is a alternative version of the well known "ZigZag indicator" but it uses turning points of the Jurik ma instead of the traditional "pivot points" that are by definition lagging by a large lookback period, the (almost-) Zero Lag ZigZag lags by about 2 bars on average (depending on the candles forming) The ZigZag pattern can be used to draw trendlines and S/R lines It can also be used for "wave counting" in a way that reduces interpretation. If you find other uses, please leave your ideas in the comments! Shoutout to Everget for the awesome Jurik code!! JD. #NotTradingAdvice #DYOR
Wskaźnik Pine Script®
od Duyck
50
[New series!] [Consistent Losing Strategies] 34 EMA Scalping//---------------------------INTRO------------------------------ Hi All! Let me introduce myself as a semi-successful forex trader & lover of automation. I've taken to algo trading and have been hunting down strategies (that usually use indicators) to automate, backtest, and hopefully implement in MT4. Unfortunately, most strategies are complete bulls*** and the select cases that are shown to "prove" success are limited. These strategy sources often do not provide useful analytics either. I want to change that approach to trading! We can really benefit each other and the community by being methodical about backtesting as well as evaluating our results with some kind of scoring heuristic. As for what that standardized process looks like..well I'm still working on it. I'm pretty much on Tv for multiple hours of the day, screening strategies via Pinescript and I'd like to start sharing my progress! This is a new series I'd like to start on consistently losing strategies. I'll make all the code public, so if you think I've made a blunder or approached a problem the wrong way, then drop me a DM or paste your fix into the comments. //---------------------------STRAT------------------------------ 34 EMA Scalping strategy (ref. forextradingstrategies4u ) How you're supposed to trade it: BUY: 1. Market is in an down trend as shown by the 34 EMA 2. Price breaks above a downwards trend line 3. Price breaks above the 34 EMA 4. Look for a very bullish candlestick or chart pattern SELL: 1. Look for the 34 EMA to show we are in an uptrend 2. Price breaks below an upwards sloping trend line 3. Price breaks below 34 EMA 4. Look for a bearish candlestick or a chart pattern //---------------------------CONC------------------------------ Q: Why does it fail? A: I believe this strategy relies too much on subjective input (aka, trendlines). Q: Why does it fail as an algo? A: The 34 EMA is no more predictive than any other EMA, although it does a good job at filtering out noise. Q: Should I try it out? A: No, it's trash. This is the proof that it is trash.
Strategia Pine Script®
od DasanC
3
Daily 9 EMA Plotted at Other Than Daily Time Frame Credit to the great @Zoen Triste for his original script at: I just amend it for the Daily, 4H and other time frames. The main function of the Daily 9EMA (pink line) is to easily distinguish the big trend. It is also for multi time frames dynamic support / resistance when trading using tf lower than Daily, without having to toggle between the time frames. Everything is there at a single time frame chart. I like to day trade and switch to swing trade when there is a solid setup for it. To be able to do that, I use 15mins tf together with the Daily 9EMA, 4H 34EMA and 4H 21EMA. How to trade using this setup? First of all, if price is below the pink line (Daily 9EMA), it means the big trend is downtrend (and vice versa). When price retrace and reach the blue (4H 21EMA) or black (4H 34EMA) or the pink (Daily 9EMA) line (look at the red arrows), if there is bearish divergence / slingshot at the MACD's histogram together with a reversal candle such as pin bar (shooting star), dark cloud cover or bearish engulf, it's a short setup. We don't need to put the Stop Loss immediately. We can wait for the price to resume in the direction of the big trend to trail the SL. I do add up daily and weekly pivots and trendlines for additional support / resistance for greater confidence. If the above setup occurs at certain pivots and trendline, we'll have a very high probability setup. Please see the zoomed-in chart as below: When price is above the pink line, the setup is just the opposite. My conclusion: When day trading using this setup at smaller time frames such as 15mins, we don't have to toggle between 4H and 15min time frames to see where is the EMA21 and EMA34 at 4H for the moment. It's like we are able to see a microscopic and bird's eye views at the same time using a single time frame chart.
Wskaźnik Pine Script®
od TheDemonTrader
4
RSI with Visual Buy/Sell Setup | Corrective/Impulsive IndicatorRSI with Visual Buy/Sell Setup | 40-60 Support/Resistance | Corrective/Impulsive Indicator v2.15 || RSI - The Complete Guide PDF || Modified Zones with Colors for easy recognition of Price Action. Resistance @ downtrend = 60 Support @ uptrend = 40 Over 70 = Strong Bullish Impulse Under 30 = Strong Bearish Impulse Uptrend : 40-80 Downtrend: 60-20 -------------------- Higher Highs in price, Lower Highs in RSI = Bearish Divergence Lower Lows in price, Higher Lows in RSI = Bullish Divergence -------------------- Trendlines from Higher/Lower Peaks, breakout + retest for buy/sell setups. ################### There are multiple ways for using RSI, not only divergences, but it confirms the trend, possible bounce for continuation and signals for possible trend reversal. There's more advanced use of RSI inside the book RSI: The Complete Guide Go with the force, and follow the trend. "The Force is more your friend than the trend"
Wskaźnik Pine Script®
od WavePrinciple-Net
3
BE-EMA(12,26) (Blue Empire Exponential Moving Average) Simple EMA where you get a CROSS mark between EMA 12 and EMA 26. Each time a cross happens, a spot gets created. If it's cyan, it goes up. If it's magenta, it goes down. I'm studying Trading at Blue Empire Academy, if you want to know more send me a PM. Wave Analysis study the wave's behavior and tries to predict by using trendlines, elliot waves, fibonacci retracements, and EMAs basically. In this Indicator, It's a confirmation when EMA 12 goes over to confirm the price may go up. and Vice versa. Hope you like, please share if you think it's useful and comment if you think this can be better. Thank you again for reading >> This is just an indicator, it doesn't predict the future. Use it at your own risk. << ########## All the credits to @tracks, a genius who helped me polish the code. :] thank you.
Wskaźnik Pine Script®
od WavePrinciple-Net
Scalping Swing Trading Tool R1-4 by JustUncleLDescription: This study project is a "Scalping Swing trading Tool" and is an alternative to the "Scalping Pullback Tool R1". It is designed for a two pane TradingView chart layout : the first pane set to 15min Time Frame; the second pane set to 1min Time Frame(TF). The tools incorporates the majority of the indicators needed to analyse and scalp Trends for Swings, PullBacks and reversals on 15min charts and 1min charts. Incorporated within this tool are the following indicators: 1. The following EMAs are drawn automatically: Green = EMA89 (15min TF) = EMA75 (1min TF) Blue = EMA200 (15min TF) = EMA180 (1min TF) Black = EMA633 (15min TF) = EMA540 (1min TF) 2. The 10EMA (default) High/Low+Close Price Action Channel (PAC), the PAC channel display is disabled by default. 3. Optionally display Fractals and optional Fractal levels 4. Optional HH, LH, LL, HL finder. 5. Coloured coded Bar high lighting based on the PAC: blue = bar closed above PAC red = bar closed below PAC gray = bar closed inside PAC lime Line = EMA10 of bar close 6. Pivot points (disables Fractals automatically when selected) with optional labels. 7. EMA5-12 Channel is displayed by default. 8. EMA12-36 Ribbon is displayed by default 9. Optionally display EMA36 and PAC instead of EMA12-36 Ribbon. Set up and hints: I am unable to provide a full description here, as Pullback Trading incorporates a full trading Methodology, there are a number of articles and books written on the subject. Set to two pane TradingView chart, set first pane to 15Min and second to 1min. Set the chart to Heikin Ashi Candles (optional). I also add a "Sweetspot Gold2" indicator to the chart as well to help with support and resistance finding and shows where the important "00" lines are. Use the EMA200 on the 15min pane as the anchor. So when prices above EMA200 we only trade long (buy) and when prices below the EMA200 we only trade short (sell). On the 15min chart draw any obvious Vertical Trend Lines (VTL), use Pivots point as a guide. On the 15min chart what we’re looking for price to Pullback into the EMA5-12 Channel or EMA12-36 ribbon, we draw Trendlines uitilising the Pivot points or Fractals to guide your TL drawing. On the 15min chart look for the trend to resume and break through the drawn TL. The bar color needs to change back to the trend direction colour to confirm as a break. Now this break can be traded as a 15min trade or now look to the 1min chart. On the 1min chart draw any Pullback into any of the EMAs. On the 1min chart look for the trend to resume and break through the drawn TL. The bar color needs to change back to the trend direction colour to confirm as a break. Now this break can be traded as a 1min trade. There is also an option to select Pristine (ie Ideal) filtered Fractals, which look like tents or V shape 5-candle patterns. These are actually used to calculate the Pivot points as well. Other than the "SweetSpot Gold2" indicator, you should not need any other indicator to successfully trade trends for Pullbacks and reversals. If you really want another indicator use the AO (Awesome Oscillator) as it is momentum based.
Wskaźnik Pine Script®
od JustUncleL
86
Scalping PullBack Tool R1 by JustUncleLDescription This study project is a Scalping Pullback trading Tool that incorporates the majority of the indicators needed to analyse and scalp Trends for Pull Backs and reversals on 1min, 5min or 15min charts. The set up utilies Heikin Ashi candle charts. Incorporated within this tool are the following indicators: 1. Major industry (Banks) recognised important EMAs in an EMA Ribbon: Green = EMA89 Blue = EMA200 Black = EMA633 2. The 36EMA (default) High/Low+Close Price Action Channel (PAC). 3. Fractals 4. HH, LH, LL, HL finder to help with drawing Trend lines and mini Trend Lines. 5. Coloured coded Bar high lighting based on the PAC: blue = bar closed above PAC red = bar closed below PAC gray = bar closed inside PAC red line = EMA36 of bar close Setup and hints: Set the chart to Heikin Ashi Candles. Add "Sweetspot Gold10" indicator to the chart as well to help with support and resistance finding and shows where the important "00" and "0" lines are. When price is above the PAC(blue bars) we are only looking to buy as price comes back to the PAC When price is below the PAC(red bars), we are only looking to sell when price comes back to the PAC What we’re looking for when price comes back into the PAC we draw mini Trendlines utilising the Fractals and HH/LL points to guide your TL drawing. Now look for the trend to pull back and break the drawn TL. That's is when we place the scalp trade. So we are looking for continuation signals in terms of a strong, momentum driven pullbacks (normally short term 10-20 pips) of the EMA36. The other EMAs are there to check for other Pullbacks when EMA36 is broken. Other than the SweetSpot Gold10 indicator, you should not need any other indicator to scalp the pullbacks. References: Fractals V8 by RicardoSantos Price Action Trading System v0.3 by JustUncleL SweetSpot Gold10 R1 by JustUncleL www.swing-trade-stocks.com www.forexstrategiesresources.com
Wskaźnik Pine Script®
od JustUncleL
190
Pump_Doctor Trends**You must enable bar colors in the options for the script if you wish to see them** This indicator is very useful for spotting trends / tops / bottoms. This is the ultimate altcoin pump spotting tool. Use on higher timeframes for greatest accuracy. If altcoin is newish (ZEC for example), try 4h rather than 1D or 3D. Green = Uptrend Red = Downtrend Gray = Top/local top, bottom/local bottom, or continuation. You will need some knowledge of price action to determine which condition applies. You can use the oscillator at the bottom as a measure of momentum / trend strength. You can draw trendlines on the oscillator on the top/bottom or the interior.
Wskaźnik Pine Script®
od LARP_Capital
15
Relative Price Difference [LAVA]EDIT: Look below for updates to the script. EDIT: After several updates to this script, I think it's safe to say it will work with all timelines. Using hand drawn trendlines, it can predict tops and bottoms with pretty good accuracy. Shows a change in the relative price difference via percentage on a 0 horizontal. Added a bollinger band to help identify weak areas (orange). If orange starts showing, the current price direction is strong but can reverse harshly. If you are in a weak position, exit here. Otherwise, don't enter a trade after/during orange sessions until a full cycle (up/dn &gt; 1% without orange) has completed. The main line indicator fluctuates according to the price difference. 1% horizontal lines are added to help identify profit taking spots or OTE zones. Ensure the 1% line is crossed completely before you decide to enter/exit. Cross points are identified with crosses if you missed your window, this is the last spot to exit, enter. This indicator doesn't work that well with small time intervals. As always, use more than one indicator to ensure your decision is right. (The colors are ugly so change them if you wish! :)
Wskaźnik Pine Script®
od Ni6HTH4wK
11