LYGLibraryLibrary "LYGLibrary"
A collection of custom tools & utility functions commonly used with my scripts
getDecimals()
Calculates how many decimals are on the quote price of the current market
Returns: The current decimal places on the market quote price
truncate(number, decimalPlaces)
Truncates (cuts) excess decimal places
Parameters:
number (float)
decimalPlaces (simple float)
Returns: The given number truncated to the given decimalPlaces
toWhole(number)
Converts pips into whole numbers
Parameters:
number (float)
Returns: The converted number
toPips(number)
Converts whole numbers back into pips
Parameters:
number (float)
Returns: The converted number
getPctChange(value1, value2, lookback)
Gets the percentage change between 2 float values over a given lookback period
Parameters:
value1 (float)
value2 (float)
lookback (int)
av_getPositionSize(balance, risk, stopPoints, conversionRate)
Calculates OANDA forex position size for AutoView based on the given parameters
Parameters:
balance (float)
risk (float)
stopPoints (float)
conversionRate (float)
Returns: The calculated position size (in units - only compatible with OANDA)
bullFib(priceLow, priceHigh, fibRatio)
Calculates a bullish fibonacci value
Parameters:
priceLow (float) : The lowest price point
priceHigh (float) : The highest price point
fibRatio (float) : The fibonacci % ratio to calculate
Returns: The fibonacci value of the given ratio between the two price points
bearFib(priceLow, priceHigh, fibRatio)
Calculates a bearish fibonacci value
Parameters:
priceLow (float) : The lowest price point
priceHigh (float) : The highest price point
fibRatio (float) : The fibonacci % ratio to calculate
Returns: The fibonacci value of the given ratio between the two price points
getMA(length, maType)
Gets a Moving Average based on type (MUST BE CALLED ON EVERY CALCULATION)
Parameters:
length (simple int)
maType (string)
Returns: A moving average with the given parameters
getEAP(atr)
Performs EAP stop loss size calculation (eg. ATR >= 20.0 and ATR < 30, returns 20)
Parameters:
atr (float)
Returns: The EAP SL converted ATR size
getEAP2(atr)
Performs secondary EAP stop loss size calculation (eg. ATR < 40, add 5 pips, ATR between 40-50, add 10 pips etc)
Parameters:
atr (float)
Returns: The EAP SL converted ATR size
barsAboveMA(lookback, ma)
Counts how many candles are above the MA
Parameters:
lookback (int)
ma (float)
Returns: The bar count of how many recent bars are above the MA
barsBelowMA(lookback, ma)
Counts how many candles are below the MA
Parameters:
lookback (int)
ma (float)
Returns: The bar count of how many recent bars are below the EMA
barsCrossedMA(lookback, ma)
Counts how many times the EMA was crossed recently
Parameters:
lookback (int)
ma (float)
Returns: The bar count of how many times price recently crossed the EMA
getPullbackBarCount(lookback, direction)
Counts how many green & red bars have printed recently (ie. pullback count)
Parameters:
lookback (int)
direction (int)
Returns: The bar count of how many candles have retraced over the given lookback & direction
getBodySize()
Gets the current candle's body size (in POINTS, divide by 10 to get pips)
Returns: The current candle's body size in POINTS
getTopWickSize()
Gets the current candle's top wick size (in POINTS, divide by 10 to get pips)
Returns: The current candle's top wick size in POINTS
getBottomWickSize()
Gets the current candle's bottom wick size (in POINTS, divide by 10 to get pips)
Returns: The current candle's bottom wick size in POINTS
getBodyPercent()
Gets the current candle's body size as a percentage of its entire size including its wicks
Returns: The current candle's body size percentage
isHammer(fib, colorMatch)
Checks if the current bar is a hammer candle based on the given parameters
Parameters:
fib (float)
colorMatch (bool)
Returns: A boolean - true if the current bar matches the requirements of a hammer candle
isStar(fib, colorMatch)
Checks if the current bar is a shooting star candle based on the given parameters
Parameters:
fib (float)
colorMatch (bool)
Returns: A boolean - true if the current bar matches the requirements of a shooting star candle
isDoji(wickSize, bodySize)
Checks if the current bar is a doji candle based on the given parameters
Parameters:
wickSize (float)
bodySize (float)
Returns: A boolean - true if the current bar matches the requirements of a doji candle
isBullishEC(allowance, rejectionWickSize, engulfWick)
Checks if the current bar is a bullish engulfing candle
Parameters:
allowance (float)
rejectionWickSize (float)
engulfWick (bool)
Returns: A boolean - true if the current bar matches the requirements of a bullish engulfing candle
isBearishEC(allowance, rejectionWickSize, engulfWick)
Checks if the current bar is a bearish engulfing candle
Parameters:
allowance (float)
rejectionWickSize (float)
engulfWick (bool)
Returns: A boolean - true if the current bar matches the requirements of a bearish engulfing candle
isInsideBar()
Detects inside bars
Returns: Returns true if the current bar is an inside bar
isOutsideBar()
Detects outside bars
Returns: Returns true if the current bar is an outside bar
barInSession(sess, useFilter)
Determines if the current price bar falls inside the specified session
Parameters:
sess (simple string)
useFilter (bool)
Returns: A boolean - true if the current bar falls within the given time session
barOutSession(sess, useFilter)
Determines if the current price bar falls outside the specified session
Parameters:
sess (simple string)
useFilter (bool)
Returns: A boolean - true if the current bar falls outside the given time session
dateFilter(startTime, endTime)
Determines if this bar's time falls within date filter range
Parameters:
startTime (int)
endTime (int)
Returns: A boolean - true if the current bar falls within the given dates
dayFilter(monday, tuesday, wednesday, thursday, friday, saturday, sunday)
Checks if the current bar's day is in the list of given days to analyze
Parameters:
monday (bool)
tuesday (bool)
wednesday (bool)
thursday (bool)
friday (bool)
saturday (bool)
sunday (bool)
Returns: A boolean - true if the current bar's day is one of the given days
atrFilter(atrValue, maxSize)
Parameters:
atrValue (float)
maxSize (float)
fillCell(tableID, column, row, title, value, bgcolor, txtcolor)
This updates the given table's cell with the given values
Parameters:
tableID (table)
column (int)
row (int)
title (string)
value (string)
bgcolor (color)
txtcolor (color)
Returns: A boolean - true if the current bar falls within the given dates
Wyszukaj w skryptach "a股近10年第二天溢价的股票"
Rainbow Drift BetaRainbow Drift Beta is an indicator that detects the triggers of long and short positions at any TF.
It's based on two different type of approaches to the EMAs periods:
- Classic EMAs periods: 10 and 50
- Cycle EMAs perdios: 16, 64 and 256
The 256 period EMA (Annual Cycle) detects the trend: if the EMA 64 (Three-Weekly Cycle) is above, it shows an uptrend; while the EMA 64 is below, it means that the price action is in downtrend.
10 and 16 periods EMAs are working together as well as the 50 and the 64. The first couple reacts faster than the second one and as soon as the 10 is above the 16, the band shows the first attempt of the price action to go in the uptrend direction. The same concept is applied to the second couple (50, 64): when EMA 50 > EMA 64 it's a confirmation of the faster EMAs long direction. Viceverca happens for the downtrend but with the same concept.
As the EMA periods taken in consideration are quite often a sensitive level of reaction of the price, the indicator detects when there is trigger of a long or a short set up and plots a label on the chart. It's possibile to set up an alert as well.
Quite important, the indicator is looking for sideways patterns as the breakout of them shows a clear direction of the price.
Moreover, in order to privide the first and the best entry possibile, the indicator has a function that is triggering only one time as the trend reverted: for example, a long entry on the EMA 10-16 happens only one time since they crossover the EMA 64.
As included in the name, this is a beta version and new improvements will be added in the near future like suggested price entry, SL and TP, and the focus of the development is to avoid as much as possibile the false triggers.
Of course the best way to improve the code is to receive the users' feedbacks, so please feel free to post your comments and questions.
Fan Projections [theEccentricTrader]█ OVERVIEW
This indicator automatically projects trendlines in the shape of a fan, from a single point of origin. In the example above I have applied the indicator twice to the 1D SPXUSD. The seven upper lines (green) are projected at an angle of -5 from the 1-month swing high anchor point. And the five lower lines (blue) are projected at an angle of 10 from the 1-week swing low anchor point.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a high price equal to or above the price it opened.
• A red candle is one that closes with a low price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Support and Resistance
• Support refers to a price level where the demand for an asset is strong enough to prevent the price from falling further.
• Resistance refers to a price level where the supply of an asset is strong enough to prevent the price from rising further.
Support and resistance levels are important because they can help traders identify where the price of an asset might pause or reverse its direction, offering potential entry and exit points. For example, a trader might look to buy an asset when it approaches a support level , with the expectation that the price will bounce back up. Alternatively, a trader might look to sell an asset when it approaches a resistance level , with the expectation that the price will drop back down.
It's important to note that support and resistance levels are not always relevant, and the price of an asset can also break through these levels and continue moving in the same direction.
Trendlines
Trendlines are straight lines that are drawn between two or more points on a price chart. These lines are used as dynamic support and resistance levels for making strategic decisions and predictions about future price movements. For example traders will look for price movements along, and reactions to, trendlines in the form of rejections or breakouts/downs.
█ FEATURES
Inputs
• Anchor Point Type
• Swing High/Low Occurrence
• HTF Resolution
• Highest High/Lowest Low Lookback
• Angle Degree
• Number Lines
• Line Color
Anchor Point Types
• Swing High
• Swing Low
• Swing High (HTF)
• Swing Low (HTF)
• Highest High
• Lowest Low
• Intraday Highest High (intraday charts only)
• Intraday Lowest Low (intraday charts only)
Swing High/Swing Low Occurrence
This input is used to determine which historic peak or trough to reference for swing high or swing low anchor point types.
HTF Resolution
This input is used to determine which higher timeframe to reference for swing high (HTF) or swing low (HTF) anchor point types.
Highest High/Lowest Low Lookback
This input is used to determine the lookback length for highest high or lowest low anchor point types.
Intraday Highest High/Lowest Low Lookback
When using intraday highest high or lowest low anchor point types, the lookback length is calculated automatically based on number of bars since the daily candle opened.
Angle Degree
This input is used to determine the angle of the trendlines. The output is expressed in terms of point or pips, depending on the symbol type, which is then passed through the built in math.todegrees() function. Positive numbers will project the lines upwards while negative numbers will project the lines downwards. Depending on the market and timeframe, the impact input values will have on the visible gaps between the lines will vary greatly. For example, an input of 10 will have a far greater impact on the gaps between the lines when viewed from the 1-minute timeframe than it would on the 1-day timeframe. The input is a float and as such the value passed through can go into as many decimal places as the user requires.
It is also worth mentioning that as more lines are added the gaps between the lines, that are closest to the anchor point, will get tighter as they make their way up the y-axis. Although the gaps between the lines will stay constant at the x2 plot, i.e. a distance of 10 points between them, they will gradually get tighter and tighter at the point of origin as the slope of the lines get steeper.
Number Lines
This input is used to determine the number of lines to be drawn on the chart, maximum is 500.
█ LIMITATIONS
All green and red candle calculations are based on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. This may cause some unexpected behaviour on some markets and timeframes. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with.
If the lines do not draw or you see a study error saying that the script references too many candles in history, this is most likely because the higher timeframe anchor point is not present on the current timeframe. This problem usually occurs when referencing a higher timeframe, such as the 1-month, from a much lower timeframe, such as the 1-minute. How far you can lookback for higher timeframe anchor points on the current timeframe will also be limited by your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000.
█ RAMBLINGS
It is my current thesis that the indicator will work best when used in conjunction with my Wavemeter indicator, which can be used to set the angle. For example, the average wave height or amplitude could be used as the value for the angle input. Or some factor or multiple of such an average. I think this makes sense as it allows for objectivity when applying the indicator across different markets and timeframes with different energies and vibrations.
“If you want to find the secrets of the universe, think in terms of energy, frequency and vibration.”
― Nikola Tesla
Wavemeter [theEccentricTrader]█ OVERVIEW
This indicator is a representation of my take on price action based wave cycle theory. The indicator counts the number of confirmed wave cycles, keeps a rolling tally of the average wave length, wave height and frequency, and displays the statistics in a table. The indicator also displays the current wave measurements as an optional feature.
█ CONCEPTS
Green and Red Candles
• A green candle is one that closes with a high price equal to or above the price it opened.
• A red candle is one that closes with a low price that is lower than the price it opened.
Swing Highs and Swing Lows
• A swing high is a green candle or series of consecutive green candles followed by a single red candle to complete the swing and form the peak.
• A swing low is a red candle or series of consecutive red candles followed by a single green candle to complete the swing and form the trough.
Peak and Trough Prices (Basic)
• The peak price of a complete swing high is the high price of either the red candle that completes the swing high or the high price of the preceding green candle, depending on which is higher.
• The trough price of a complete swing low is the low price of either the green candle that completes the swing low or the low price of the preceding red candle, depending on which is lower.
Historic Peaks and Troughs
The current, or most recent, peak and trough occurrences are referred to as occurrence zero. Previous peak and trough occurrences are referred to as historic and ordered numerically from right to left, with the most recent historic peak and trough occurrences being occurrence one.
Wave Cycles
A wave cycle is here defined as a complete two-part move between a swing high and a swing low, or a swing low and a swing high. As can be seen in the example above, the first swing high or swing low will set the course for the sequence of wave cycles that follow; a chart that begins with a swing low will form its first complete wave cycle upon the formation of the first complete swing high and vice versa.
Wave Length
Wave length is here measured in terms of bar distance between the start and end of a wave cycle. For example, if the current wave cycle ends on a swing low the wave length will be the difference in bars between the current swing low and current swing high. In such a case, if the current swing low completes on candle 100 and the current swing high completed on candle 95, we would simply subtract 95 from 100 to give us a wave length of 5 bars.
Average wave length is here measured in terms of total bars as a proportion as total waves. The average wavelength is calculated by dividing the total candles by the total wave cycles.
Wave Height
Wave height is here measured in terms of current range. For example, if the current peak price is 100 and the current trough price is 80, the wave height will be 20.
Amplitude
Amplitude is here measured in terms of current range divided by two. For example if the current peak price is 100 and the current trough price is 80, the amplitude would be calculated by subtracting 80 from 100 and dividing the answer by 2 to give us an amplitude of 10.
Frequency
Frequency is here measured in terms of wave cycles per second (Hertz). For example, if the total wave cycle count is 10 and the amount of time it has taken to complete these 10 cycles is 1-year (31,536,000 seconds), the frequency would be calculated by dividing 10 by 31,536,000 to give us a frequency of 0.00000032 Hz.
Range
The range is simply the difference between the current peak and current trough prices, generally expressed in terms of points or pips.
█ FEATURES
Inputs
Show Sample Period
Start Date
End Date
Position
Text Size
Show Current
Show Lines
Table
The table is colour coded, consists of two columns and, as many as, nine rows. Blue cells display the total wave cycle count and average wave measurements. Green cells display the current wave measurements. And the final row in column one, coloured black, displays the sample period. Both current wave measurements and sample period cells can be hidden at the user’s discretion.
Lines
For a visual aid to the wave cycles, I have added a blue line that traces out the waves on the chart. These lines can be hidden at the user’s discretion.
█ HOW TO USE
The indicator is intended for research purposes, strategy development and strategy optimisation. I hope it will be useful in helping to gain a better understanding of the underlying dynamics at play on any given market and timeframe.
For example, the indicator can be used to compare the current range and frequency with the average range and frequency, which can be useful for gauging current market conditions versus historic and getting a feel for how different markets and timeframes behave.
█ LIMITATIONS
Some higher timeframe candles on tickers with larger lookbacks such as the DXY , do not actually contain all the open, high, low and close (OHLC) data at the beginning of the chart. Instead, they use the close price for open, high and low prices. So, while we can determine whether the close price is higher or lower than the preceding close price, there is no way of knowing what actually happened intra-bar for these candles. And by default candles that close at the same price as the open price, will be counted as green. You can avoid this problem by utilising the sample period filter.
The green and red candle calculations are based solely on differences between open and close prices, as such I have made no attempt to account for green candles that gap lower and close below the close price of the preceding candle, or red candles that gap higher and close above the close price of the preceding candle. I can only recommend using 24-hour markets, if and where possible, as there are far fewer gaps and, generally, more data to work with. Alternatively, you can replace the scenarios with your own logic to account for the gap anomalies, if you are feeling up to the challenge.
It is also worth noting that the sample size will be limited to your Trading View subscription plan. Premium users get 20,000 candles worth of data, pro+ and pro users get 10,000, and basic users get 5,000. If upgrading is currently not an option, you can always keep a rolling tally of the statistics in an excel spreadsheet or something of the like.
Percent Change of Day [ilovealgotrading]
OVERVIEW:
This indicator aims to effectively show us the percentage change of the price within the time frame we have chosen.
What is the purpose of this indicator?
This indicator shows how the price changes for each bar at different time frames we have chosen. By examining the percentage change in different time periods, we can easily look at the change in the face of the market during the time interval. Also if the price is above or below the value of 0 during the specified time, the color of our percentage line changes.
IMPLEMENTATION DETAILS:
First of all, let's understand How to Calculate Percent Change?
The difference between the old and new value of a quantity given in percentages is known as a percent change. It's rather simple to calculate the % difference between two given quantities.
The formula is given by;
Example
The price of a kilo of rice went from 10$ to12.5$, what is the percentage change?
Explanation
• The old value of sugar = $ 10
• New value = $12.5
• Now apply the percent change formula;
• Percentage change = ×100%
= x 100%
= (2.5/10) x 100%
= 25%
In this case, the percent change is positive and therefore, it is an increase.
How Is Percentage Change Used in Finance?
In the world of finance, percentage change is frequently used to analyze changes in the value of stocks or major market indexes over time.
Percentage change is used for many purposes in finance, most notably to track the price change of stocks market and crypto market.
What can we change from the settings panel ?
We can set time frame setting of the percentage change from place number 1
We are able to adjust the changing color if the percentage change is above or below zero from place 2 and 3
ALSO:
Please do not open trades without properly managing your risk and psychology!!!
If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Failed Breakdown Detection'Failed Breakdowns' are a popular set up for long entries.
In short, the set up requires:
1) A significant low is made ('initial low')
2) Initial low is undercut with a new low
3) Price action then 'reclaims' the initial low by moving +8-10 points from the initial low
This script aims at detecting such set ups. It was coded with the ES Futures 15 minute chart in mind but may be useful on other instruments and time frames.
Business Logic:
1) Uses pivot lows to detect 'significant' initial lows
2) Uses amplitude threshold to detect a new low beneath the initial low; used /u/ben_zen script for this
3) Looks for a valid reclaim - a green candle that occurs within 10 bars of the new low
4) Price must reclaim at least 8 points for the set up to be valid
5) If a signal is detected, the initial low value (pivot low) is stored in array that prevents duplicate signals from being generated.
6) FBD Signal is plotted on the chart with "X"
7) Pivot low detection is plotted on the chart with "P" and a label
8) New lows are plotted on the chart with a blue triangle
Notes:
User input
- My preference is to use the defaults as is, but as always feel free to experiment
- Can modify pivot length but in my experience 10/10 work best for pivot lows
- New low detection - 55 bars and 0.05 amplitude work well based on visual checks of signals
- Can modify the number of points needed to reclaim a low, and the # of bars limit under which this must occur.
Alerts:
- Alerts are available for detection of new lows and detection of failed breakdowns
- Alerts are also available for these signals but only during 7:30PM-4PM EST - 'prime time' US trading hours
Limitations:
- Current version of the script only compares new lows to the most recent pivot low, does not look at anything prior to that
- Best used as a discretionary signal
Visit /u/ben_zen's Profile:
www.tradingview.com
Profile Link www.tradingview.com
RSI with Market FilterThis is a normal Relative Strength Index with default length set to 14 periods
In addition, SET and MAI market Trend filter:
When SET or MAI is above 10 and 35 EMA - consider as a strong uptrend.
SET or MAI is below EMA 10 but still above EMA 35 - consider as a healthy Uptrend but resting with lower momentum.
SET or MAI is below EMA 10 and 35 - consider as a Downtrend. It is recommended not to trade in this market.
SET or MAI is above EMA 10 but below EMA 35 - consider as a starting point of the uptrend. It is recommended to start looking for a possible trade when the market flip into Uptrend.
DR/IDR Candles [LuxAlgo]This indicator displays defining ranges (DR) and implied defining ranges (IDR) constructed from two user set sessions (RDR/ODR) as graphical candles on the chart. The script introduces additional graphical elements to the original DR/IDR concept and as such can be thought as a graphical method in addition to a technical indicator.
Additionally, this script can display various Fibonacci retracements from the constructed DR/IDR if enabled within the settings.
Settings
Regular Session: Enable/disable regular session's DR/IDR alongside setting the session time. By default, 09:30 - 10:30 am.
Overnight Session: Enable/disable overnight session's DR/IDR alongside setting the session time. By default, 03:00 - 04:00 am.
UTC Offset: UTC offset for the time zone, by default -5 (EST)
Retracements
Reverse: Inverts source range upper/lower value for constructing the retracements.
From: Source range used to construct the retracements, by default DR is used.
By default, the 0.5 retracement (average line) is displayed.
Usage
The used sessions are highlighted by a gray background. DRs are highlighted by dashed lines while IDRs are highlighted by solid ones. The maximum/minimum price between each user set session is highlighted by solid wicks.
The color of the DRs/IDRs/wicks are determined by the price position relative to the DR; if price is above the DR maximum, then a blue color is used. If price is below, then an orange color is used, and if price is within the DR range, then a gray color is used.
Additionally, the area of the DR range is used to highlight the number of time price is located within the DR, with a longer background highlighting a higher number of occurrences. This can help highlight if the DR levels were potentially useful as support/resistance.
When price is outside the IDR range, the area between the price and IDR is highlighted, in blue if price is above the IDR, and orange if it is under.
The original author of the DR/IDR concept describes 3 rules using the price position relative to the DR/IDR levels:
1.) If price on the 5-minute timeframe closes above the DR high after 10:30 AM or 04:00 AM then the DR low will likely be the low of the trading session.
2.) If price on the 5-minute timeframe closes below the DR low after 10:30 AM or 04:00 AM then the DR high will likely be the high of the trading session.
3.) If price closes above the IDR high after 10:30 AM or 04:00 AM it is an early indication that the low of the DR will be the low of the day and vice versa.
We can see that the above rules are cases of conditional probabilities.
There is no significant data supporting or regarding any statistical probability of the above rules to be true, which are more than uncertain given the stochastic nature of prices. The lack of precision of these rules is also a concern (time zone dependance, applicable markets, etc...).
Credits
Credits to trader TheMas7er who originally created the DR/IDR concept in November of 2022. This script was derived from his proposed session times & rules for trading.
Morning Scalp StrategyThe Morning Scalp Strategy combines the 50EMA with the Stochastic Momentum Index. The morning period is when penny stocks usually have the highest volatility, so the strategy works between 10:00 AM and 12:10 PM.
***It opens only long positions. The ideal timeframe for this scalping strategy is 5 minutes on low-price stocks. The stock should spike in the morning with momentum and Volume.
***Look for a daily or intraday support area, close to the open position, to increase the confidence in the play
The components are:
- EMA50: Exponential Moving Average (EMA50)
- Stochastic Momentum Index (SMI)
Rules:
- Period: 10:00 AM and 12:10 PM
- if SMI Crossover and SMI < 0, open a position
- If close < EMA50, close the position
- Profit target: To be decided by the user, default value = 10% above the entry price
If you have any questions, let me know!
TASC 2022.10 RS VA EMA█ OVERVIEW
TASC's October 2022 edition Traders' Tips includes the second part of the "Relative Strength Moving Averages" article series authored by Vitali Apirine. This is the code that implements the Relative Strength Volume-Adjusted Exponential Moving Average (RS VA EMA) presented in this publication.
█ CONCEPTS
In his article series, the author argues that the relative strength of price, volume, and volatility can potentially be used to filter price movements and define turning points. In particular, the RS VA EMA indicator is designed to account for the relative strength of volume. Like the traditional exponential moving average (EMA) , it is a lagging trend-following indicator. The difference is that it responds more quickly.
In a trading strategy, RS VA EMA is suggested to be used in combination with EMA of the same length to determine the overall trend or in combination with RS VA EMA of a different length to identify turning points and filter price movements.
█ CALCULATIONS
The calculation of RS VA EMA is based on the concept of volume strength (VS). By definition, VS measures the difference between "positive" and "negative" volume flow. Volume is indicated as "positive" when the close is higher than the previous close and "negative" when the close is below the previous close.
The following steps are used in the calculation process:
• Calculate the volume strength (VS) of a given length.
• Multiply VS by a predefined multiplier and calculate the EMA of the resulting time series.
The values of 10,10,10 are the typical input settings for RS VA EMA, where the first parameter is the length of the moving average, the second is the length of VS, and the third is the volume strength multiplier.
TriexDev - SuperBuySellTrend (PLUS+)Minimal but powerful.
Have been using this for myself, so thought it would be nice to share publicly. Of course no script is correct 100% of the time, but this is one of if not the best in my basic tools. (This is the expanded/PLUS version)
Github Link for latest/most detailed + tidier documentation
Base Indicator - Script Link
TriexDev - SuperBuySellTrend (SBST+) TradingView Trend Indicator
---
SBST Plus+
Using the "plus" version is optional, if you only want the buy/sell signals - use the "base" version.
## What are vector candles?
Vector Candles (inspired to add from TradersReality/MT4) are candles that are colour coded to indicate higher volumes, and likely flip points / direction changes, or confirmations.
These are based off of PVSRA (Price, Volume, Support, Resistance Analysis).
You can also override the currency that this runs off of, including multiple ones - however adding more may slow things down.
PVSRA - From MT4 source:
Situation "Climax"
Bars with volume >= 200% of the average volume of the 10 previous chart TFs, and bars
where the product of candle spread x candle volume is >= the highest for the 10 previous
chart time TFs.
Default Colours: Bull bars are green and bear bars are red.
Situation "Volume Rising Above Average"
Bars with volume >= 150% of the average volume of the 10 previous chart TFs.
Default Colours: Bull bars are blue and bear are blue-violet.
A blue or purple bar can mean the chart has reached a top or bottom.
High volume bars during a movement can indicate a big movement is coming - or a top/bottom if bulls/bears are unable to break that point - or the volume direction has flipped.
This can also just be a healthy short term movement in the opposite direction - but at times sets obvious trend shifts.
## Volume Tracking
You can shift-click any candle to get the volume of that candle (in the pair token/stock), if you click and drag - you will see the volume for that range.
## Bollinger Bands
Bollinger Bands can be enabled in the settings via the toggle.
Bollinger Bands are designed to discover opportunities that give investors a higher probability of properly identifying when an asset is oversold (bottom lines) or overbought (top lines).
>There are three lines that compose Bollinger Bands: A simple moving average (middle band) and an upper and lower band.
>The upper and lower bands are typically 2 standard deviations +/- from a 20-day simple moving average, but they can be modified.
---
Base Indicator
## What is ATR?
The average true range (ATR) is a technical analysis indicator, which measures market volatility by decomposing the entire range of an asset price for that period.
The true range indicator is taken as the greatest of the following:
- current high - the current low;
- the absolute value of the current high - the previous close;
- and the absolute value of the current low - the previous close.
The ATR is then a moving average, generally using 10/14 days, of the true ranges.
## What does this indicator do?
Uses the ATR and multipliers to help you predict price volatility, ranges and trend direction.
> The buy and sell signals are generated when the indicator starts
plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.
> It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red.
> A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it will be less effective in a sideways-moving market.
Thanks to KivancOzbilgic who made the original SuperTrend Indicator this was based off
---
## Usage Notes
Two indicators will appear, the default ATR multipliers are already set for what I believe to be perfect for this particular (double indicator) strategy.
If you want to break it yourself (I couldn't find anything that tested more accurately myself), you can do so in the settings once you have added the indicator.
Basic rundown:
- A single Buy/Sell indicator in the dim colour; may be setting a direction change, or just healthy movement.
- When the brighter Buy/Sell indicator appears; it often means that a change in direction (uptrend or downtrend) is confirmed.
---
You can see here, there was a (brighter) green indicator which flipped down then up into a (brighter) red sell indicator which set the downtrend. At the end it looks like it may be starting to break the downtrend - as the price is hitting the trend line. (Would watch for whether it holds above or drops below at that point)
Another example, showing how sometimes it can still be correct but take some time to play out - with some arrow indicators.
Typically I would also look at oscillators, RSI and other things to confirm - but here it held above the trend lines nicely, so it appeared to be rather obvious.
It's worth paying attention to the trend lines and where the candles are sitting.
Once you understand/get a feel for the basics of how it works - it can become a very useful tool in your trading arsenal.
Also works for traditional markets & commodities etc in the same way / using the same ATR multipliers, however of course crypto generally has bigger moves.
---
You can use this and other indicators to confirm likeliness of a direction change prior to the brighter/confirmation one appearing - but just going by the 2nd(brighter) indicators, I have found it to be surprisingly accurate.
Tends to work well on virtually all timeframes, but personally prefer to use it on 5min,15min,1hr, 4hr, daily, weekly. Will still work for shorter/other timeframes, but may be more accurate on mid ones.
---
This will likely be updated as I go / find useful additions that don't convolute things. The base indicator may be updated with some limited / toggle-able features in future also.
SUPERTREND MIXED ICHI-DMI-DONCHIAN-VOL-GAP-HLBox@RLSUPERTREND MIXED ICHI-DMI-VOL-GAP-HLBox@RL
by RegisL76
This script is based on several trend indicators.
* ICHIMOKU (KINKO HYO)
* DMI (Directional Movement Index)
* SUPERTREND ICHIMOKU + SUPERTREND DMI
* DONCHIAN CANAL Optimized with Colored Bars
* HMA Hull
* Fair Value GAP
* VOLUME/ MA Volume
* PRICE / MA Price
* HHLL BOXES
All these indications are visible simultaneously on a single graph. A data table summarizes all the important information to make a good trade decision.
ICHIMOKU Indicator:
The ICHIMOKU indicator is visualized in the traditional way.
ICHIMOKU standard setting values are respected but modifiable. (Traditional defaults = .
An oriented visual symbol, near the last value, indicates the progression (Ascending, Descending or neutral) of the TENKAN-SEN and the KIJUN-SEN as well as the period used.
The CLOUD (KUMO) and the CHIKOU-SPAN are present and are essential for the complete analysis of the ICHIMOKU.
At the top of the graph are visually represented the crossings of the TENKAN and the KIJUN.
Vertical lines, accompanied by labels, make it possible to quickly visualize the particularities of the ICHIMOKU.
A line displays the current bar.
A line visualizes the end of the CLOUD (KUMO) which is shifted 25 bars into the future.
A line visualizes the end of the chikou-span, which is shifted 25 bars in the past.
DIRECTIONAL MOVEMENT INDEX (DMI) : Treated conventionally : DI+, DI-, ADX and associated with a SUPERTREND DMI.
A visual symbol at the bottom of the graph indicates DI+ and DI- crossings
A line of oriented and colored symbols (DMI Line) at the top of the chart indicates the direction and strength of the trend.
SUPERTREND ICHIMOKU + SUPERTREND DMI :
Trend following by SUPERTREND calculation.
DONCHIAN CHANNEL: Treated conventionally. (And optimized by colored bars when overshooting either up or down.
The lines, high and low of the last values of the channel are represented to quickly visualize the level of the RANGE.
SUPERTREND HMA (HULL) Treated conventionally.
The HMA line visually indicates, according to color and direction, the market trend.
A visual symbol at the bottom of the chart indicates opportunities to sell and buy.
VOLUME:
Calculation of the MOBILE AVERAGE of the volume with comparison of the volume compared to the moving average of the volume.
The indications are colored and commented according to the comparison.
PRICE: Calculation of the MOBILE AVERAGE of the price with comparison of the price compared to the moving average of the price.
The indications are colored and commented according to the comparison.
HHLL BOXES:
Visualizes in the form of a box, for a given period, the max high and min low values of the price.
The configuration allows taking into account the high and low wicks of the price or the opening and closing values.
FAIR VALUE GAP :
This indicator displays 'GAP' levels over the current time period and an optional higher time period.
The script takes into account the high/low values of the current bar and compares with the 2 previous bars.
The "gap" is generated from the lack of overlap between these bars. Bearish or bullish gaps are determined by whether the gap is above or below HmaPrice, as they tend to fill, and can be used as targets.
NOTE: FAIR VALUE GAP has no values displayed in the table and/or label.
Important information (DATA) relating to each indicator is displayed in real time in a table and/or a label.
Each information is commented and colored according to direction, value, comparison etc.
Each piece of information indicates the values of the current bar and the previous value (in "FULL" mode).
The other possible modes for viewing the table and/or the label allow a more synthetic view of the information ("CONDENSED" and "MINIMAL" modes).
In order not to overload the vision of the chart too much, the visualization box of the RANGE DONCHIAN, the vertical lines of the shifted marks of the ICHIMOKU, as well as the boxes of the HHLL Boxes indicator are only visualized intermittently (managed by an adjustable time delay ).
The "HISTORICAL INFO READING" configuration parameter set to zero (by default) makes it possible to read all the information of the current bar in progress (Bar #0). All other values allow to read the information of a historical bar. The value 1 reads the information of the bar preceding the current bar (-1). The value 10 makes it possible to read the information of the tenth bar behind (-10) compared to the current bar, etc.
At the bottom of the DATAS table and label, lights, red, green or white indicate quickly summarize the trend from the various indicators.
Each light represents the number of indicators with the same trend at a given time.
Green for a bullish trend, red for a bearish trend and white for a neutral trend.
The conditions for determining a trend are for each indicator:
SUPERTREND ICHIMOHU + DMI: the 2 Super trends together are either bullish or bearish.
Otherwise the signal is neutral.
DMI: 2 main conditions:
BULLISH if DI+ >= DI- and ADX >25.
BEARISH if DI+ < DI- and ADX >25.
NEUTRAL if the 2 conditions are not met.
ICHIMOKU: 3 main conditions:
BULLISH if PRICE above the cloud and TENKAN > KIJUN and GREEN CLOUD AHEAD.
BEARISH if PRICE below the cloud and TENKAN < KIJUN and RED CLOUD AHEAD.
The other additional conditions (Data) complete the analysis and are present for informational purposes of the trend and depend on the context.
DONCHIAN CHANNEL: 1 main condition:
BULLISH: the price has crossed above the HIGH DC line.
BEARISH: the price has gone below the LOW DC line.
NEUTRAL if the price is between the HIGH DC and LOW DC lines
The 2 other complementary conditions (Datas) complete the analysis:
HIGH DC and LOW DC are increasing, falling or stable.
SUPERTREND HMA HULL: The script determines several trend levels:
STRONG BUY, BUY, STRONG SELL, SELL AND NEUTRAL.
VOLUME: 3 trend levels:
VOLUME > MOVING AVERAGE,
VOLUME < MOVING AVERAGE,
VOLUME = MOVING AVERAGE.
PRICE: 3 trend levels:
PRICE > MOVING AVERAGE,
PRICE < MOVING AVERAGE,
PRICE = MOVING AVERAGE.
If you are using this indicator/strategy and you are satisfied with the results, you can possibly make a donation (a coffee, a pizza or more...) via paypal to: lebourg.regis@free.fr.
Thanks in advance !!!
Have good winning Trades.
**************************************************************************************************************************
SUPERTREND MIXED ICHI-DMI-VOL-GAP-HLBox@RL
by RegisL76
Ce script est basé sur plusieurs indicateurs de tendance.
* ICHIMOKU (KINKO HYO)
* DMI (Directional Movement Index)
* SUPERTREND ICHIMOKU + SUPERTREND DMI
* DONCHIAN CANAL Optimized with Colored Bars
* HMA Hull
* Fair Value GAP
* VOLUME/ MA Volume
* PRIX / MA Prix
* HHLL BOXES
Toutes ces indications sont visibles simultanément sur un seul et même graphique.
Un tableau de données récapitule toutes les informations importantes pour prendre une bonne décision de Trade.
I- Indicateur ICHIMOKU :
L’indicateur ICHIMOKU est visualisé de manière traditionnelle
Les valeurs de réglage standard ICHIMOKU sont respectées mais modifiables. (Valeurs traditionnelles par défaut =
Un symbole visuel orienté, à proximité de la dernière valeur, indique la progression (Montant, Descendant ou neutre) de la TENKAN-SEN et de la KIJUN-SEN ainsi que la période utilisée.
Le NUAGE (KUMO) et la CHIKOU-SPAN sont bien présents et sont primordiaux pour l'analyse complète de l'ICHIMOKU.
En haut du graphique sont représentés visuellement les croisements de la TENKAN et de la KIJUN.
Des lignes verticales, accompagnées d'étiquettes, permettent de visualiser rapidement les particularités de l'ICHIMOKU.
Une ligne visualise la barre en cours.
Une ligne visualise l'extrémité du NUAGE (KUMO) qui est décalé de 25 barres dans le futur.
Une ligne visualise l'extrémité de la chikou-span, qui est décalée de 25 barres dans le passé.
II-DIRECTIONAL MOVEMENT INDEX (DMI)
Traité de manière conventionnelle : DI+, DI-, ADX et associé à un SUPERTREND DMI
Un symbole visuel en bas du graphique indique les croisements DI+ et DI-
Une ligne de symboles orientés et colorés (DMI Line) en haut du graphique, indique la direction et la puissance de la tendance.
III SUPERTREND ICHIMOKU + SUPERTREND DMI
Suivi de tendance par calcul SUPERTREND
IV- DONCHIAN CANAL :
Traité de manière conventionnelle.
(Et optimisé par des barres colorées en cas de dépassement soit vers le haut, soit vers le bas.
Les lignes, haute et basse des dernières valeurs du canal sont représentées pour visualiser rapidement la fourchette du RANGE.
V- SUPERTREND HMA (HULL)
Traité de manière conventionnelle.
La ligne HMA indique visuellement, selon la couleur et l'orientation, la tendance du marché.
Un symbole visuel en bas du graphique indique les opportunités de vente et d'achat.
*VI VOLUME :
Calcul de la MOYENNE MOBILE du volume avec comparaison du volume par rapport à la moyenne mobile du volume.
Les indications sont colorées et commentées en fonction de la comparaison.
*VII PRIX :
Calcul de la MOYENNE MOBILE du prix avec comparaison du prix par rapport à la moyenne mobile du prix.
Les indications sont colorées et commentées en fonction de la comparaison.
*VIII HHLL BOXES :
Visualise sous forme de boite, pour une période donnée, les valeurs max hautes et min basses du prix.
La configuration permet de prendre en compte les mèches hautes et basses du prix ou bien les valeurs d'ouverture et de fermeture.
IX - FAIR VALUE GAP
Cet indicateur affiche les niveaux de 'GAP' sur la période temporelle actuelle ET une période temporelle facultative supérieure.
Le script prend en compte les valeurs haut/bas de la barre actuelle et compare avec les 2 barres précédentes.
Le "gap" est généré à partir du manque de recouvrement entre ces barres.
Les écarts baissiers ou haussiers sont déterminés selon que l'écart est supérieurs ou inférieur à HmaPrice, car ils ont tendance à être comblés, et peuvent être utilisés comme cibles.
NOTA : FAIR VALUE GAP n'a pas de valeurs affichées dans la table et/ou l'étiquette.
Les informations importantes (DATAS) relatives à chaque indicateur sont visualisées en temps réel dans une table et/ou une étiquette.
Chaque information est commentée et colorée en fonction de la direction, de la valeur, de la comparaison etc.
Chaque information indique la valeurs de la barre en cours et la valeur précédente ( en mode "COMPLET").
Les autres modes possibles pour visualiser la table et/ou l'étiquette, permettent une vue plus synthétique des informations (modes "CONDENSÉ" et "MINIMAL").
Afin de ne pas trop surcharger la vision du graphique, la boite de visualisation du RANGE DONCHIAN, les lignes verticales des marques décalées de l'ICHIMOKU, ainsi que les boites de l'indicateur HHLL Boxes ne sont visualisées que de manière intermittente (géré par une temporisation réglable ).
Le paramètre de configuration "HISTORICAL INFO READING" réglé sur zéro (par défaut) permet de lire toutes les informations de la barre actuelle en cours (Barre #0).
Toutes autres valeurs permet de lire les informations d'une barre historique. La valeur 1 permet de lire les informations de la barre précédant la barre en cours (-1).
La valeur 10 permet de lire les information de la dixième barre en arrière (-10) par rapport à la barre en cours, etc.
Dans le bas de la table et de l'étiquette de DATAS, des voyants, rouge, vert ou blanc indique de manière rapide la synthèse de la tendance issue des différents indicateurs.
Chaque voyant représente le nombre d'indicateur ayant la même tendance à un instant donné. Vert pour une tendance Bullish, rouge pour une tendance Bearish et blanc pour une tendance neutre.
Les conditions pour déterminer une tendance sont pour chaque indicateur :
SUPERTREND ICHIMOHU + DMI : les 2 Super trends sont ensemble soit bullish soit Bearish. Sinon le signal est neutre.
DMI : 2 conditions principales :
BULLISH si DI+ >= DI- et ADX >25.
BEARISH si DI+ < DI- et ADX >25.
NEUTRE si les 2 conditions ne sont pas remplies.
ICHIMOKU : 3 conditions principales :
BULLISH si PRIX au dessus du nuage et TENKAN > KIJUN et NUAGE VERT DEVANT.
BEARISH si PRIX en dessous du nuage et TENKAN < KIJUN et NUAGE ROUGE DEVANT.
Les autres conditions complémentaires (Datas) complètent l'analyse et sont présents à titre informatif de la tendance et dépendent du contexte.
CANAL DONCHIAN : 1 condition principale :
BULLISH : le prix est passé au dessus de la ligne HIGH DC.
BEARISH : le prix est passé au dessous de la ligne LOW DC.
NEUTRE si le prix se situe entre les lignes HIGH DC et LOW DC
Les 2 autres conditions complémentaires (Datas) complètent l'analyse : HIGH DC et LOW DC sont croissants, descendants ou stables.
SUPERTREND HMA HULL :
Le script détermine plusieurs niveaux de tendance :
STRONG BUY, BUY, STRONG SELL, SELL ET NEUTRE.
VOLUME : 3 niveaux de tendance :
VOLUME > MOYENNE MOBILE, VOLUME < MOYENNE MOBILE, VOLUME = MOYENNE MOBILE.
PRIX : 3 niveaux de tendance :
PRIX > MOYENNE MOBILE, PRIX < MOYENNE MOBILE, PRIX = MOYENNE MOBILE.
Si vous utilisez cet indicateur/ stratégie et que vous êtes satisfait des résultats,
vous pouvez éventuellement me faire un don (un café, une pizza ou plus ...) via paypal à : lebourg.regis@free.fr.
Merci d'avance !!!
Ayez de bons Trades gagnants.
Options Volume Indicator
Volume Indicator for Option Trading, it is a simple indicator based on Relative Strength Index. There are two horizontal lines are mention 10 and -10, if bar crossed above the (Line 10) then go for buy and when Bar cross under (Line -10) go for sell side.
If Bar Color changed to Respective color of the previous bar i.e. color gets darker then you can exit/ trail SL there because it overbought / Oversold position and vice versa for Sell Side.
this volume indicator works on any Script.
The Black Floating Line indicates the Average volume
Estrategia Larry Connors [JoseMetal]============
ENGLISH
============
- Description:
This strategy is based on the original Larry Connors strategy, using 2 SMAs and RSI.
The strategy has been optimized for better total profit and works better on 4H (tested on BTCUSDT).
LONG:
Price must be ABOVE the slow SMA.
When a candle closes in RSI oversold area, the next candle closes out of the oversold area and the closing price is BELOW the fast SMA = open LONG.
LONG is closed when a candle closes ABOVE the fast SMA.
SHORT:
Price must be BELOW the slow SMA.
When a candle closes in RSI overbought area, the next candle closes out of the overbought area and the closing price is ABOVE the fast SMA = open SHORT.
SHORT is closed when a candle closes BELOW the fast SMA.
*Larry Connor's strategy does NOT use a fixed Stop Loss or Take Profit, as he said, that reduces performance significantly.
- Visual:
Both SMAs (fast and slow) are shown in the chart.
By default, the fast SMA is aqua color, the slow changes between green and red depending on the "trend" (price over slow SMA = bullish, below = bearish).
RSI can't be shown because TradingView doesn't allow to show both overlay and panel indicators, so candles get a RED color when RSI is in OVERBOUGHT area and GREEN when they're on OVERSOLD area to help with that.
Background is colored when conditions are met and a position is going to be open, green for LONGs red for SHORTs.
- Usage and recommendations:
As this is a coded strategy, you don't even have to check for indicators, just open and close trades as the strategy shows.
The original strategy uses a 5 period SMA instead of the 10, and 10/90 for oversold/overbought levels, this has been optimized after the testings and results but feel free to change settings and test by yourself.
Also, the original strategy was developed for daily, but seems to work better en 4H.
- Customization:
As usual I like to make as many aspects of my indicators/strategies customizable, indicators, colors etc., feel free to ask if you feel that something that should be configurable is missing or if you have any ideas to optimize the strategy.
============
ESPAÑOL
============
- Descripción:
Esta estrategia está basada en la estrategia original de Larry Connors, utilizando 2 SMAs y RSI.
La estrategia ha sido optimizada para un mejor beneficio total y funciona mejor en 4H (probado en BTCUSDT).
LONG:
El precio debe estar por encima de la SMA lenta.
Cuando una vela cierra en la zona de sobreventa del RSI, la siguiente vela cierra fuera de la zona de sobreventa y el precio de cierre está POR DEBAJO de la SMA rápida = abre LONG.
Se cierra cuando una vela cierra POR ENCIMA de la SMA rápida.
SHORT:
El precio debe estar POR DEBAJO de la SMA lenta.
Cuando una vela cierra en la zona de sobrecompra del RSI, la siguiente vela cierra fuera de la zona de sobrecompra y el precio de cierre está POR ENCIMA de la SMA rápida = abre SHORT.
Se cierra cuando una vela cierra POR DEBAJO de la SMA rápida.
*La estrategia de Larry Connor NO utiliza un Stop Loss o Take Profit fijo, como él dijo, eso reduce el rendimiento significativamente.
- Visual:
Ambas SMAs (rápida y lenta) se muestran en el gráfico.
Por defecto, la SMA rápida es de color aqua, la lenta cambia entre verde y rojo dependiendo de la "tendencia" (precio por encima de la SMA lenta = alcista, por debajo = bajista).
El RSI no puede mostrarse porque TradingView no permite mostrar tanto los indicadores superpuestos como los del panel, así que las velas obtienen un color ROJO cuando el RSI está en el área de SOBRECOMPRA y VERDE cuando están en el área de VENTA para ayudar a ello.
El fondo se colorea cuando se cumplen las condiciones y se va a abrir una posición, verde para LONGs rojo para SHORTs.
- Uso y recomendaciones:
Como se trata de una estrategia ya programada, ni siquiera hay que comprobar los indicadores, sólo hay que abrir y cerrar las operaciones tal y como muestra la estrategia en el gráfico.
La estrategia original utiliza una SMA de 5 periodos en lugar de 10, y 10/90 para los niveles de sobreventa/sobrecompra, esto ha sido optimizado después de las pruebas y los resultados, pero sé libre de cambiar la configuración y probarla por sí mismo.
Además, la estrategia original fue desarrollada para diario, pero parece funcionar mejor en 4H.
- Personalización:
Como siempre me gusta hacer personalizables todos los aspectos de mis indicadores/estrategias, indicadores, colores, etc., preguntar si notas que falta algo que debería ser configurable o si tienes alguna idea para optimizar la estrategia.
Library CommonLibrary "LibraryCommon"
A collection of custom tools & utility functions commonly used with my scripts
@description TODO: add library description here
getDecimals() Calculates how many decimals are on the quote price of the current market
Returns: The current decimal places on the market quote price
truncate(float, float) Truncates (cuts) excess decimal places
Parameters:
float : number The number to truncate
float : decimalPlaces (default=2) The number of decimal places to truncate to
Returns: The given number truncated to the given decimalPlaces
toWhole(float) Converts pips into whole numbers
Parameters:
float : number The pip number to convert into a whole number
Returns: The converted number
toPips(float) Converts whole numbers back into pips
Parameters:
float : number The whole number to convert into pips
Returns: The converted number
getPctChange(float, float, int) Gets the percentage change between 2 float values over a given lookback period
Parameters:
float : value1 The first value to reference
float : value2 The second value to reference
int : lookback The lookback period to analyze
av_getPositionSize(float, float, float, float) Calculates OANDA forex position size for AutoView based on the given parameters
Parameters:
float : balance The account balance to use
float : risk The risk percentage amount (as a whole number - eg. 1 = 1% risk)
float : stopPoints The stop loss distance in POINTS (not pips)
float : conversionRate The conversion rate of our account balance currency
Returns: The calculated position size (in units - only compatible with OANDA)
bullFib(priceLow, priceHigh, fibRatio) Calculates a bullish fibonacci value
Parameters:
priceLow : The lowest price point
priceHigh : The highest price point
fibRatio : The fibonacci % ratio to calculate
Returns: The fibonacci value of the given ratio between the two price points
bearFib(priceLow, priceHigh, fibRatio) Calculates a bearish fibonacci value
Parameters:
priceLow : The lowest price point
priceHigh : The highest price point
fibRatio : The fibonacci % ratio to calculate
Returns: The fibonacci value of the given ratio between the two price points
getMA(int, string) Gets a Moving Average based on type (MUST BE CALLED ON EVERY CALCULATION)
Parameters:
int : length The MA period
string : maType The type of MA
Returns: A moving average with the given parameters
getEAP(float) Performs EAP stop loss size calculation (eg. ATR >= 20.0 and ATR < 30, returns 20)
Parameters:
float : atr The given ATR to base the EAP SL calculation on
Returns: The EAP SL converted ATR size
getEAP2(float) Performs secondary EAP stop loss size calculation (eg. ATR < 40, add 5 pips, ATR between 40-50, add 10 pips etc)
Parameters:
float : atr The given ATR to base the EAP SL calculation on
Returns: The EAP SL converted ATR size
barsAboveMA(int, float) Counts how many candles are above the MA
Parameters:
int : lookback The lookback period to look back over
float : ma The moving average to check
Returns: The bar count of how many recent bars are above the MA
barsBelowMA(int, float) Counts how many candles are below the MA
Parameters:
int : lookback The lookback period to look back over
float : ma The moving average to reference
Returns: The bar count of how many recent bars are below the EMA
barsCrossedMA(int, float) Counts how many times the EMA was crossed recently
Parameters:
int : lookback The lookback period to look back over
float : ma The moving average to reference
Returns: The bar count of how many times price recently crossed the EMA
getPullbackBarCount(int, int) Counts how many green & red bars have printed recently (ie. pullback count)
Parameters:
int : lookback The lookback period to look back over
int : direction The color of the bar to count (1 = Green, -1 = Red)
Returns: The bar count of how many candles have retraced over the given lookback & direction
getBodySize() Gets the current candle's body size (in POINTS, divide by 10 to get pips)
Returns: The current candle's body size in POINTS
getTopWickSize() Gets the current candle's top wick size (in POINTS, divide by 10 to get pips)
Returns: The current candle's top wick size in POINTS
getBottomWickSize() Gets the current candle's bottom wick size (in POINTS, divide by 10 to get pips)
Returns: The current candle's bottom wick size in POINTS
getBodyPercent() Gets the current candle's body size as a percentage of its entire size including its wicks
Returns: The current candle's body size percentage
isHammer(float, bool) Checks if the current bar is a hammer candle based on the given parameters
Parameters:
float : fib (default=0.382) The fib to base candle body on
bool : colorMatch (default=false) Does the candle need to be green? (true/false)
Returns: A boolean - true if the current bar matches the requirements of a hammer candle
isStar(float, bool) Checks if the current bar is a shooting star candle based on the given parameters
Parameters:
float : fib (default=0.382) The fib to base candle body on
bool : colorMatch (default=false) Does the candle need to be red? (true/false)
Returns: A boolean - true if the current bar matches the requirements of a shooting star candle
isDoji(float, bool) Checks if the current bar is a doji candle based on the given parameters
Parameters:
float : wickSize (default=2) The maximum top wick size compared to the bottom (and vice versa)
bool : bodySize (default=0.05) The maximum body size as a percentage compared to the entire candle size
Returns: A boolean - true if the current bar matches the requirements of a doji candle
isBullishEC(float, float, bool) Checks if the current bar is a bullish engulfing candle
Parameters:
float : allowance (default=0) How many POINTS to allow the open to be off by (useful for markets with micro gaps)
float : rejectionWickSize (default=disabled) The maximum rejection wick size compared to the body as a percentage
bool : engulfWick (default=false) Does the engulfing candle require the wick to be engulfed as well?
Returns: A boolean - true if the current bar matches the requirements of a bullish engulfing candle
isBearishEC(float, float, bool) Checks if the current bar is a bearish engulfing candle
Parameters:
float : allowance (default=0) How many POINTS to allow the open to be off by (useful for markets with micro gaps)
float : rejectionWickSize (default=disabled) The maximum rejection wick size compared to the body as a percentage
bool : engulfWick (default=false) Does the engulfing candle require the wick to be engulfed as well?
Returns: A boolean - true if the current bar matches the requirements of a bearish engulfing candle
isInsideBar() Detects inside bars
Returns: Returns true if the current bar is an inside bar
isOutsideBar() Detects outside bars
Returns: Returns true if the current bar is an outside bar
barInSession(string, bool) Determines if the current price bar falls inside the specified session
Parameters:
string : sess The session to check
bool : useFilter (default=true) Whether or not to actually use this filter
Returns: A boolean - true if the current bar falls within the given time session
barOutSession(string, bool) Determines if the current price bar falls outside the specified session
Parameters:
string : sess The session to check
bool : useFilter (default=true) Whether or not to actually use this filter
Returns: A boolean - true if the current bar falls outside the given time session
dateFilter(int, int) Determines if this bar's time falls within date filter range
Parameters:
int : startTime The UNIX date timestamp to begin searching from
int : endTime the UNIX date timestamp to stop searching from
Returns: A boolean - true if the current bar falls within the given dates
dayFilter(bool, bool, bool, bool, bool, bool, bool) Checks if the current bar's day is in the list of given days to analyze
Parameters:
bool : monday Should the script analyze this day? (true/false)
bool : tuesday Should the script analyze this day? (true/false)
bool : wednesday Should the script analyze this day? (true/false)
bool : thursday Should the script analyze this day? (true/false)
bool : friday Should the script analyze this day? (true/false)
bool : saturday Should the script analyze this day? (true/false)
bool : sunday Should the script analyze this day? (true/false)
Returns: A boolean - true if the current bar's day is one of the given days
atrFilter()
fillCell()
SuperTrend OptimizerHello!
This indicator attempts to optimize Supertrend parameters. To achieve this, 102 parameter combinations are tested concurrently - the top three performers are listed in descending order.
Parameters,
Factor: Changes to this parameter shifts the tested factor range. For instance, increasing the factor measure from 3.00 to 3.01 (+0.01) will remove 3.00 from the tested range - this setting controls the lower threshold of the range. The upper threshold, in all instances, is the lower Factor threshold + 3.3 (i.e. 3.0(lower) - 6.3(upper), 4.0(lower) - 7.3(upper), 2.5(lower) - 5.8(upper))
ATR period: Changes to this parameter shifts the tested ATR period range. For instance, increasing the ATR measure from 10 to 11 (+1) will remove 10 from the tested range - this setting controls the lower threshold of the range. The upper threshold, in all instances, is the lower threshold + 2 (i.e. 10(lower) - 12(upper), 11(lower) - 13(upper), 9(lower), - 11(upper))
The Factor parameter is modifiable to any positive decimal number; the ATR parameter is modifiable to any positive integer. Changing either parameter shifts the tested parameter combination range. Both parameters can be changed in the settings, to which you control the lower threshold of the range. If, for instance, you were to change the Factor measurement from 3.0 to 4.1 (+1.1) the 4.0 Factor measurement, and all Factor measures less than 4.0, will be excluded from the performance test.
Consequently, a Supertrend test will be performed with a Factor of 4.1 and an ATR period of 10 (default). This test repeats at 0.1 Factor intervals and 1.0 ATR intervals.
Therefore, assume you modify the Factor lower threshold to 3.1 and the ATR lower threshold to 10. The indicator will test three Supertrend systems with a Factor of 3.1 and an ATR period of 10.. then 11.. 12, then three systems with a Factor of 3.2 and an ATR period of 10.. then 11.. 12... until (lower Factor threshold + 3.3) and (lower ATR threshold + 2) are tested... which in this example is... a Factor of 6.4 and an ATR period of 12.
The tested Factor range and ATR range are displayed in a bottom right table alongside the top performing parameter combinations.
Of course, you can change the the lower thresholds, which means you can test numerous Supertrend parameter combinations! However, no greater than 102 parameter combinations will be tested simultaneously; the best performing Supertrend parameters are plotted on the chart automatically.
I will be working on this indicator more tomorrow! Let me know if you have questions or anything you would like included!
(I of course added something fun in the script. Be sure to try it with bar replay!)
Top 40 High Low Strategy for SPY, 5minThis strategy is developed based on my High Low Index SPY Top 40 indicator
Notes:
- this strategy is only developed for SPY on the 5 min chart . It seems to work with QQQ as well, but it isn't optimized for it
- P/L shown is based on 10 SPY option contracts, call or put, with strike price closest to the entry SPY price and expiry of 0 to 1 day. This includes commissions (can be changed). This is only an estimate calculated using an arbitrary multiplier factor, this can be changed in the setting
- P/L is based on $5000 initial capital
- Works with both regular / extended trading session turned on/off. However, max drawdown is 1/2 with extended trading session ON
- there is still a bug that doesn't allow alert to be created due to calculation error, will update once fixed
This strategy combines signals from the following indicators to determine entry signals:
- High Low Index SPY Top 40
- MACD
- Linear Regression Slope
Entry signal is triggered when:
- High Low Index line crosses the EMA line
- MACD trending in the same direction
- Linear Regression slope is accelerating above a threshold in the same direction, indicating a strong trend
Profit target(PT) and stop loss(SL) are determined using ATR value, with 2:1 Reward to Risk ratio as default.
Exit signal may be triggered prior to PT or SL trigger when:
- High Low Index SPY Top 40 shows a reversal after overbought or oversold conditions (optional)
- Opposite entry signal is triggered
There are a number of optional settings:
- Turn on/off "option trading", P/L will be calculated using share price only without multiplication factor for trading option contracts
- # of options per trade, default to 10
- Reinvest with profit made
- Trade with trailing SL after PT hit
- Take profit early based on Top 40 overbought/oversold
- Trade 0/1 day expiry. This will signal exit by the end of the day on Mon/Wed/Fri, and only exits 1/2 of positions (if in profit) on Tues/Thurs
- Can reduce the SL level without impacting PT
- No entry between 10:05 - 10:20 (don't ask me why, but statistically it performs better)
Consider donating me some of your profit if you make $$$ hahaha~ ;)
Enjoy~~
Williams Alligator Trend Filter HeatmapHello I've decided that the alligator lines can be used to find a trend. This script expands on that and checks 10 different multipliers to see trend over the long term and have 10 values. Those 10 values each give a color to one of the 10 lines in turn giving this Fire like plotting. I personaly use this to see if there is fear (red) in the markets or greed (blue), plotted 9 different crypto coins on the chart and have 4 columns in my setup to see the values on different timeframes. In the chart preview this is 1H,30M,10M,1M to see current environment. The colors use alot of data to generate especialy the bottom part, that colors based on a very long time zone.
Up & Down Trend following trading strategy for BTC/USDT 3hThis strategy is based on multi time frame technical indicators such as;
1. RSI (10,50,100)
2. MFI (10,50,100)
3. RVI (10,50,100)
4. BOP (10,50,100)
5. Super Trend
6. SAR indicator
7. Higher highs and lower lows
8. SMA (9,500)
9. EMA (9,200)
After evaluating different parameters provided by those indicators, script is in a possition to determine optimul positions to enter in to market as well as exit from the market. In some cases stratergy will exit fully or partially depends on the situation. Other than that, this strategy is in a possition to calculate and specify the quantity you need to buy or sell depending on market situation. You can specify amount available for investment and how many times you are going to average (if downtrend). Parameters are optimised to BTC/USDT, 3h standerd candlestic chart.
goodluck
RVOL Relative Volume - IntradayHello All,
Relative Volume is one of the most important indicators and Traders should check it while trading/analyzing. it is used to identify whether the volume flows are increasing or decreasing. Relative volume measures current volume in relation to the “usual” volume for this time of the day. What is considered “usual"? For that, we have to use a historical baseline known as the average daily volume. That means how much volume a security does on a daily basis over a defined period. (This scripts runs on the time frames greater or equal 1 minute and less than 1 day)
The common definition for real-time relative volume is: Current volume for this time of day / Average volume for this time of day. It does not mean taking the volume (for example) from 10:30 am to 10:45 am and comparing it to what it does from 10:30 am to 10:45 am every day. What it truly means is to compare cumulative volumes. Therefore, this is the precise definition of real-time relative volume:
Current cumulative volume up to this time of day / Average cumulative volume up to this time of day
What should we understand while checking RVOL;
- Relative volume tell us if volume flows are increasing or decreasing
- A high relative volume tells us that there is increased trading activity in a security today
- Increased volume flows often accompany higher volatility i.e. a significant price move
Let see an example:
P.S. if you want to get more info about RVOL/Relative Volume then you can search it on the net. While developing the script this was used as reference, you can also check it for more info.
Enjoy!
Candlestick Trading (Malaysia Stock Market)1. This indicator will indicate signals of bearish/bullish candlestick as below:
- 10 Bear Candles: Dark Cloud Cover, Bearish Kickers, Bearish Engulfing, Evening Star, Three Black Crows, Hanging Man, Shooting Star, Tweezer Top, Bearish Harami, Doji
- 10 Bull Candles: Piercing, Bullish Kickers, Bullish Engulfing, Morning Star, Three White Soldiers, Hammer, Inverted Hammer, Tweezer Bottom, Bearish Harami, Doji
2. In order for the Bear Candle signals to appear, these conditions should be met:
- Price must be above MA 1 (preset at SMA 20)
- Price must be above MA 2 (preset at SMA 50)
- Price must be above MA 3 (preset at SMA 200)
- In the range of specified trading days (preset at latest 10 days of trading)
3. For a strong bearish signal, a namely 'Potential Top' signal will appear on the top of the bearish candlestick signal. This 'Potential Top' signal will only appear under the condition of:
- Stochastic is at overbought area (preset at 75%)
4. In order for the Bull Candle signals to appear, these conditions should be met:
- Price must be in between MA 4 (preset at EMA 30) and MA 5 (preset at EMA 100)
- In the range of specified trading days (preset at latest 10 days of trading)
5. For a strong bullish signal, a namely 'Potential Bottom' signal will appear at the bottom of the bullish candlestick signal. This 'Potential Bottom' signal will only appear under the condition of:
- Stochastic is at oversold area (preset at 25%)
6. This indicator can help one to enter/exit a trade based on the bullish/bearish candlestick patterns that appear at the beginning/end of a trend, especially when the 'Potential Bottom/Top' appears with any of bullish/bearish candlestick signal.
7. However, this indicator is only designed for Malaysian Stocks Market as the script is based on the bids/pips calculation of the Malaysian Stocks Market. Nevertheless, I let the script open for everyone to modify it based on your own preference markets/instruments.
8. Hope you guys enjoy it. Thanks.
Tendency EMA + RSI [Alorse]A very simple and highly effective strategy LONG & SHORT that combines only 2 indicators:
RSI
3 Moving Average Exponential (EMA)
LONG Entry conditions are:
EMA 20 cross over EMA 10
EMA 10 is above EMA 100
LONG Exit conditions are:
RSI greater than 70
Or when X number of candles have passed and the trade is in profit. (Check Settings)
SHORT Entry conditions are:
EMA 20 cross under EMA 10
EMA 10 is below EMA 100
SHORT Exit conditions are:
RSI is less than 30
Or when X number of candles have passed and the trade is in profit. (Check Settings)
4 SMAs & Inside Bar (Colored)SMAs and Inside Bar strategy is very common as far as Technical analysis is concern. This script is a combination of 10-20-50-200 SMA and Inside Bar Candle Identification.
SMA Crossover:
4 SMAs (10, 20, 50 & 200) are combined here in one single indicator.
Crossover signal for Buy as "B" will be shown in the chart if SMA 10 is above 20 & 50 and SMA 20 is above 50.
Crossover signal for Sell as "S" will be shown in the chart if SMA 10 is below 20 & 50 and SMA 20 is below 50.
Inside Bar Identification:
This is to simply identify if there is a inside bar candle. The logic is very simple - High of the previous candle should be higher than current candle and low of the previous candle should be lower than the current candle.
If the previous candle is red, the following candle would be Yellow - which may give some bullish view in most of the cases but not always
If the previous candle is green, the following candle would be Black - which may give some bearish view in most of the cases but not always
Be Cautious when you see alternate yellow and black candle, it may give move on the both side
Please comment if you have any interesting ideas to improve this indicator.
