Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator.
It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend...
Fixed a typo in the code where BB multiplier was stuck at 1.5. Thanks @ucsgears for bringing it to my notice.
Updated source: pastebin.com
Use the updated source instead of the what TV shows below.
This is a derivative of John Carter's "TTM Squeeze" volatility indicator, as discussed in his book "Mastering the Trade" (chapter 11).
Laguerre RSI is based on John EHLERS' Laguerre Filter to avoid the noise of RSI.
Change alpha coefficient to increase/decrease lag and smoothness.
Buy when Laguerre RSI crosses upwards above 20.
Sell when Laguerre RSI crosses down below 80.
While indicator runs flat above 80 level, it means that an uptrend is strong.
While indicator runs flat below 20 level, it...
UT Bot indicator was inially developer by @Yo_adriiiiaan
Idea of original code belongs @HPotter
I can't update my original UT Bot Strategy so I publishing new strategy with backtesting range included.
I just took code of Yo_adriiiiaan, cleaned it, deleted all useless pieces of code, transformet to v4 and created a strategy from it.
Also I added an input that...
This is a multi-timeframe version of our Volatility Stop, an ATR-based trend detector that can be used as a stop.
► Timeframe selection
The higher timeframe can be selected using 3 different ways:
• By steps (60 min., 1D, 3D, 1W, 1M, 1Y).
• As a multiple of the current chart's resolution, which can be fractional, so 3.5 will work.
Note that you can also...
Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index)
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR *...
Hello All. This is live and non-repainting Renko Charting tool. The tool has it’s own engine and not using integrated function of Trading View.
Renko charts ignore time and focus solely on price changes that meet a minimum requirement. Time is not a factor on Renko chart but as you can see with this script Renko chart created on time chart.
Renko chart provide...
This indicator finds possible points of reversion, you can use it to stack positions and get a good average price for when the price changes direction, it is the trader responsibility to manage the position and make a profit.
Hello ladies and gentlemen traders
Continuing deeper and stronger with the screeners' educational series one more time.
This one is heavy crazy mega cool (pardon my french).
I - Concept
I present to you, ladies and gentlemen, the first screener for harmonic patterns.
Starting with an ACBD pattern screener this time!!
I used the calculations from Ricardo...
Divergences are well-known tool for finding trend reversals. Powerful, yet... unreliable. Sometimes they show up, sometimes they don't. Sometimes they really mean trend end, sometimes the trend continues. I've witnessed countless discussions about which indicator to hunt for divergences on. All pointless.
Earlier today I found a very inspirational script by...
Use three indicator to entry a position
EMA (20), MACD (12, 26, 20), RSI (14)
apply ema20 on rsi as signal line
Entry long when
price above EMA20, MACD above signal line and RSI above signal line
Entry short when
price below EMA20, MACD below signal line and RSI below signal line
Study only, use it under your own risk.
Trade System created to facilitate the visualization of crossing and extensions of the movements with Bollinger bands.
Moving Averages of 21, 50, 100 and 200.
Exponential Moving Averages: 17,34,72,144, 200 and 610.
Bollinger bands with standard deviation 2 and 3.
How it works?
The indicators work together, however there are some important...
This is the popular Ichimoku Indicator with an easier way to adjust the settings that can help you in your trading.
Components of the Ichimoku indicator:
Tenkan Sen: Basically it is a moving average that goes from 7 to 9 periods.
Kijun Sen: Like Tenkan Sen, we are facing a moving average, but this time from 22 to 26 periods.
Chikou Span: It is the one that...
This is live and non-repainting Point and Figure Chart Weis Wave Volume tool. The script has it’s own P&F engine and not using integrated function of Trading View.
Point and Figure method is over 150 years old. It consist of columns that represent filtered price movements. Time is not a factor on P&F chart but as you can see with this script P&F chart created on...