The new feature of arrays allows for a multitude of new possibilities within Pinescript. This script implements a bubble sort function with most probable efficiency of О(n^2) with a best-case being O(n). This sort does not require large amounts of memory to process and has advantages when sorting small lists of data. The main advantages: Bubble sort is an...
This is the magical Belkhayate Iceberg indicator that use Daily Vwap and change the plot color's based on where the candles are located towards vwap. When the plot is green we only look for buy opportunities When the plot is red we only look for short opportunities. According to Belkhayate this indicator tracks algorithmic trading iceberg orders. Greets to All...
Moving Average Convergence Divergence – MACD The most popular indicator used in technical analysis, the moving average convergence divergence (MACD), created by Gerald Appel. MACD is a trend-following momentum indicator, designed to reveal changes in the strength, direction, momentum, and duration of a trend in a financial instrument’s price Historical...
The absolutely most insane indicator for the Cryptoassets With this script signals for short and long positions are recognized. It still has some false signals during extreme market movements, furthermore it runs best in the 15min & 5min chart. You can increase your risk limit in the settings. The indicator is based on different indicator values. the indicator...
Description of this indicator from its author: Average Sentiment Oscillator Momentum oscillator of averaged bull/bear percentages. We suggest using it as a relatively accurate way to gauge the sentiment of a given period of candles, as a trend filter or for entry/exit signals. It’s a combination of two algorithms, both essentially the same but applied in a...
EN Shows the cryptocurrency market capitalization balance for the period Initial data Bitcoin Capitalization - CRYPTOCAP: BTC Altcoin Capitalization - CRYPTOCAP: TOTAL2 Money circulates from fiat to bitcoin, from bitcoin to altcoins, from altcoins to fiat This indicator applies the RSI algorithm to changes in capitalization The divergence of indices shows...
What you see here is the Weis pip wave. The Weis pip wave shows how far in price a Weis wave has traveled through the duration of a Weis wave. The Weis pip wave is used in combination with the Weis cumulative volume wave. The two waves must be set to the same "wave size" and using the same method as described by Weis. Using the traditional Weis method simply...
This script implements the Binary Trade Logic (BTL) algorithm to calculate two distinct scores that range from 0 to 7. One score is calculated assigning a power of 2 weight to the positive sign of 3 Phi^3 distant Moving Average (MA) slopes. The other score is calculated assigning a power of 2 weight to the sign of the difference between the price and the value of...
Hot off the press, I present this "Correlation Cycle, CorrelationAngle, and Market State" multicator employing PSv4.0, originally formulated by Dr. John Ehlers for TASC - June 2020 Traders Tips. Basically it's an all-in-one combination of three Ehlers' indicators. This power packed triplet indicator, being less than a 100 line implementation at initial release, is...
Background ============ VolumeViewer is a volume indicator, that offers a simple way to estimate the movement and balance (or lack of) of supply & demand volume based on the shape of the price bar. i put this together few years ago and i have a version of this published for another platform under different names (Directional Volume, BetterVolume) in case you come...
DISCLAIMER: The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets. The following indicator was made for NON LUCRATIVE ACTIVITIES and must remain as is following TradingView's...
Hello All, There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more. The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower...
// SUPER SQUEEZE // // The idea is to make it possible to identify the ongoing Trend. // The algoritm works as: // // 1. Apply SMMA on the Price. // 2. Apply Bollinger Band and keltner Channel on the SMMA //. 3. If BB is inside KC then there is NoTrend. // 4. Else, if SMMA > KC-Upper then it is a strong UpTrend and // if SMMA < KC-Lower then it is a...
Hot off the press, I present this "Correlation Trend Indicator" employing PSv4.0, originally formulated by Dr . John Ehlers for TASC - May 2020 Traders Tips. John Ehlers might describe it's characteristics as being a mean reverting trend identification oscillator range bound to +/-1.0 irregardless of any timeframe or asset. I could have finessed this indicator...
When designing filters it can be interesting to have information about their characteristics, which can be obtained from the set of filter coefficients (weights). The following script analyzes the impulse response of a filter in order to return the following information: Lag Smoothness via the Herfindahl index Percentage Overshoot Percentage Of Positive...
This script implements the Binary Logic Trading (BLT) algorithm to calculate a score from 0 to 7. This score is calculated assigning a power of 2 weight to the positive sign of 3 Phi^3 distant EMAs' slopes. The largest EMA slope positive sign receives weight 4, the middle length EMA slope positive sign receives weight 2 and the shortest EMA slope positive sign...
This is my modified "Higher Highs & Lower Lows Stochastics" employing PSv4.0, originally formulated by Vitali Apirine for TASC - February 2016 Traders Tips. Reading through a TASC magazine of mine, behold, I found a little known indicator that I can't find anywhere on all of Tradingview. That was a tragedy I felt I had to resolve... This indicator is best...
Here we are experimenting with using TWAP for trend analysis. It appears to work better than VWAP on lower timeframes. TWAP is a tool used by algorithm based traders that allows them to distribute their orders throughout the day without disturbing price or having their positions known to rival traders in the market. It's similar to VWAP and serves the same...