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Barras de resiliencia contra el mercadoRelative strength vs market indicator 🎯 main goal: To visually detect when a stock shows relative strength against the S&P 500, especially on down days in the market. The indicator helps identify stocks that: Go up while the SP500 goes down Fall less than the SP500 🟩 solid green bar (upward) Condition: SP500 closes negative, your stock closes positive. Color: solid green Meaning: strong relative strength. The stock goes up while the market drops. Example: SP500: -1.2% Stock: +1.5% Difference: +2.7% → green bar going up 🟧 light orange bar (upward) Condition: SP500 closes negative, your stock also drops, but less than the SP500. Color: light orange Meaning: resilience. Still a down day, but the stock shows relative strength. Example: SP500: -2.0% Stock: -0.5% Difference: +1.5% → light orange bar going up 🟥 red bar (downward) Condition: SP500 closes negative, your stock drops more than the index. Color: solid red Meaning: clear weakness. The stock is underperforming in a weak market. Example: SP500: -0.8% Stock: -2.0% Difference: -1.2% → red bar going down 🟩 light green bar (upward) Condition: SP500 closes positive, your stock outperforms the index (goes up more). Color: light green (50% opacity) Meaning: relative strength in a strong market. Not as critical, but still positive. Example: SP500: +0.5% Stock: +1.5% Difference: +1.0% → light green bar going up 🟩 light green bar (downward) Condition: SP500 closes positive, but your stock underperforms (gains less or even drops). Color: light green (50% opacity) Meaning: underperformance on a strong day. The stock lags the index. Example 1: SP500: +1.8% Stock: +0.5% Difference: -1.3% → light green bar going down Example 2: SP500: +1.0% Stock: -0.5% Difference: -1.5% → light green bar going down
Pine Script® indicator
من ‎er_pepe‎
BTC High-Win Strategy### 📌 **BTC High-Win Strategy (Short Only) - TradingView Indicator** This **short-only** indicator is designed for Bitcoin traders who focus on high-probability shorting opportunities. It integrates multiple confirmation signals to ensure **accurate entry and exit points** in bearish conditions. ### **🔹 Key Features:** ✅ **Trend Confirmation:** Uses the **200 EMA** to ensure trades align with the dominant bearish trend. ✅ **Momentum & Reversal Signals:** Detects overbought conditions with **RSI (Relative Strength Index) & Bollinger Bands**. ✅ **Breakout Confirmation:** Uses **VWAP (Volume-Weighted Average Price) & ATR** for volatility-based entries. ✅ **Sell Signals:** - **Sell (Trend-Following):** When **MACD crosses below Signal Line**, price is under **200 EMA**, and RSI < 50. - **Sell (Reversal):** When price hits the **upper Bollinger Band**, RSI > 70, and crosses down. 🔴 **Red Down Arrows** → Strong Short Entry 🟠 **Orange Down Arrows** → Overbought Short Entry ### **📌 How to Use:** 1️⃣ Copy and paste the script into **TradingView’s Pine Editor**. 2️⃣ Click **Add to Chart** to activate it. 3️⃣ **Enter Shorts** when a signal appears and confirm with volume analysis. 4️⃣ **Exit** based on next support level or **RSI returning to neutral**. Would you like me to optimize it further for **scalping or swing trading?** 🚀
Pine Script® indicator
من ‎chanzkiebagatua5‎
PowerZone Trading StrategyExplanation of the PowerZone Trading Strategy for Your Users The PowerZone Trading Strategy is an automated trading strategy that detects strong price movements (called "PowerZones") and generates signals to enter a long (buy) or short (sell) position, complete with predefined take profit and stop loss levels. Here’s how it works, step by step: 1. What is a PowerZone? A "PowerZone" (PZ) is a zone on the chart where the price has shown a significant and consistent movement over a specific number of candles (bars). There are two types: Bullish PowerZone (Bullish PZ): Occurs when the price rises consistently over several candles after an initial bearish candle. Bearish PowerZone (Bearish PZ): Occurs when the price falls consistently over several candles after an initial bullish candle. The code analyzes: A set number of candles (e.g., 5, adjustable via "Periods"). A minimum percentage move (adjustable via "Min % Move for PowerZone") to qualify as a strong zone. Whether to use the full candle range (highs and lows) or just open/close prices (toggle with "Use Full Range "). 2. How Does It Detect PowerZones? Bullish PowerZone: Looks for an initial bearish candle (close below open). Checks that the next candles (e.g., 5) are all bullish (close above open). Ensures the total price movement exceeds the minimum percentage set. Defines a range: from the high (or open) to the low of the initial candle. Bearish PowerZone: Looks for an initial bullish candle (close above open). Checks that the next candles are all bearish (close below open). Ensures the total price movement exceeds the minimum percentage. Defines a range: from the high to the low (or close) of the initial candle. These zones are drawn on the chart with lines: green or white for bullish, red or blue for bearish, depending on the color scheme ("DARK" or "BRIGHT"). 3. When Does It Enter a Trade? The strategy waits for a breakout from the PowerZone range to enter a trade: Buy (Long): When the price breaks above the high of a Bullish PowerZone. Sell (Short): When the price breaks below the low of a Bearish PowerZone. The position size is set to 100% of available equity (adjustable in the code). 4. Take Profit and Stop Loss Take Profit (TP): Calculated as a multiple (adjustable via "Take Profit Factor," default 1.5) of the PowerZone height. For example: For a buy, TP = Entry price + (PZ height × 1.5). For a sell, TP = Entry price - (PZ height × 1.5). Stop Loss (SL): Calculated as a multiple (adjustable via "Stop Loss Factor," default 1.0) of the PZ height, placed below the range for buys or above for sells. 5. Visualization on the Chart PowerZones are displayed with lines on the chart (you can hide them with "Show Bullish Channel" or "Show Bearish Channel"). An optional info panel ("Show Info Panel") displays key levels: PZ high and low, TP, and SL. You can also enable brief documentation on the chart ("Show Documentation") explaining the basic rules. 6. Alerts The code generates automatic alerts in TradingView: For a bullish breakout: "Bullish PowerZone Breakout - LONG!" For a bearish breakdown: "Bearish PowerZone Breakdown - SHORT!" 7. Customization You can tweak: The number of candles to detect a PZ ("Periods"). The minimum percentage move ("Min % Move"). Whether to use highs/lows or just open/close ("Use Full Range"). The TP and SL factors. The color scheme and what elements to display on the chart. Practical Example Imagine you set "Periods = 5" and "Min % Move = 2%": An initial bearish candle appears, followed by 5 consecutive bullish candles. The total move exceeds 2%. A Bullish PowerZone is drawn with a high and low. If the price breaks above the high, you enter a long position with a TP 1.5 times the PZ height and an SL equal to the height below. The system executes the trade and exits automatically at TP or SL. Conclusion This strategy is great for capturing strong price movements after consolidation or momentum zones. It’s automated, visual, and customizable, making it useful for both beginner and advanced traders. Try it out and adjust it to fit your trading style!
Pine Script® strategy
من ‎tradingbauhaus‎
Rainbow Bands🌈 Rainbow Bands Indicator 🌈 The Rainbow Bands indicator is a dynamic tool designed to help traders identify potential trends with ease. It uses a series of 15 Exponential Moving Averages (EMAs) ranging from 9 to 51 periods to create a colorful representation of market momentum. When the EMAs align to form a rainbow 🌈, it signals a potential uptrend, while an upside-down rainbow 🌧️ suggests a possible downtrend. This intuitive visual layout helps traders quickly assess the market direction, reducing the need for multiple indicators. 📊 How It Works 📊 The Rainbow Bands indicator smooths out price fluctuations by blending shorter and longer-term EMAs. As the EMAs stack in order from short to long, they create a "rainbow" effect that is easy to spot on the chart. This method not only offers trend confirmation but also shows market strength and potential reversal points. Whether you're a scalper or swing trader, the Rainbow Bands add another layer of clarity to your trading decisions. 🚀 How To Use It 🚀 To step up your trading game, simply use the Rainbow Bands as a confirmation tool in your strategies. Look for the rainbow pattern to indicate a strong uptrend and the upside-down rainbow to highlight possible downtrends. By incorporating this indicator into your toolkit, you'll have a visual, reliable source of confirmation that can help improve your win rate. Add it to your charts and see how it elevates your trading strategy today!
Pine Script® indicator
من ‎ftwtactical‎
Elliott Wave Identification By Akash Patel This script is designed to visually highlight areas on the chart where there are consecutive bullish (green) or bearish (red) candles. It also identifies sequences of three consecutive candles of the same type (bullish or bearish) and highlights those areas with adjustable box opacity. Here's a breakdown of the functionality: --- ### Key Features: 1. **Bullish & Bearish Candle Identification:** - **Bullish Candle:** When the closing price is higher than the opening price (`close > open`). - **Bearish Candle:** When the closing price is lower than the opening price (`close < open`). 2. **Consecutive Candle Counter:** - The script counts consecutive bullish and bearish candles, which resets when the direction changes (from bullish to bearish or vice versa). - The script tracks these counts using the `bullishCount` and `bearishCount` variables, which are incremented based on whether the current candle is bullish or bearish. 3. **Highlighting Candle Areas:** - If there are **3 or more consecutive bullish candles**, the script will highlight the background in a green color with 90% transparency (adjustable). - Similarly, if there are **3 or more consecutive bearish candles**, the script will highlight the background in a red color with 90% transparency (adjustable). 4. **Three-Candle Sequence:** - The script checks if there are three consecutive bullish candles (`threeBullish`) or three consecutive bearish candles (`threeBearish`). - A box is drawn around these areas to visually highlight the sequence. The boxes extend to the right edge of the chart, and their opacity can be adjusted. 5. **Box Creation:** - For bullish sequences, a green box is created using the high and low prices of the three candles in the sequence. - For bearish sequences, a red box is created in the same manner. - The box size is determined by the highest high and the lowest low of the three consecutive candles. 6. **Box Opacity:** - You can adjust the opacity of the boxes through the input parameters `Bullish Box Opacity` and `Bearish Box Opacity` (ranging from 0 to 100). - A higher opacity will make the boxes more solid, while a lower opacity will make them more transparent. 7. **Box Cleanup:** - The script also includes logic to remove boxes when they are no longer needed, ensuring the chart remains clean without excessive box overlays. 8. **Extending Boxes to the Right:** - When a bullish or bearish sequence is identified, the boxes are extended to the right edge of the chart for continued visibility. --- ### How It Works: - **Bullish Area Highlight:** When three or more consecutive bullish candles are detected, the background will turn green to indicate a strong bullish trend. - **Bearish Area Highlight:** When three or more consecutive bearish candles are detected, the background will turn red to indicate a strong bearish trend. - **Three Consecutive Candle Box:** A green box will appear around three consecutive bullish candles, and a red box will appear around three consecutive bearish candles. These boxes can be extended to the right edge of the chart, making the sequence visually clear. --- ### Adjustable Parameters: 1. **Bullish Box Opacity:** Set the opacity (transparency) level of the bullish boxes. Ranges from 0 (completely transparent) to 100 (completely opaque). 2. **Bearish Box Opacity:** Set the opacity (transparency) level of the bearish boxes. Ranges from 0 (completely transparent) to 100 (completely opaque). --- This indicator is useful for identifying strong trends and visually confirming market momentum, especially in situations where you want to spot sequences of bullish or bearish candles over multiple bars. It can be customized to suit different trading styles and chart preferences by adjusting the opacity of the boxes and background highlights.
Pine Script® indicator
من ‎Akash7245‎
Hossa SignalsHow It Works The "Hossa Signals" indicator generates trading signals based on four distinct strategy modes: Mode 1 & 2 (Counter Trade Strategies): These modes trigger buy signals when the price falls below a moving average (SMA50 for Mode 1, SMA200 for Mode 2) combined with a low RSI (having been below 26), and sell signals when the price rises above these SMAs combined with a high RSI (previously above 74). Mode 3 & 4 (Trend Respect Strategies): These modes generate buy signals when the price crosses above the respective moving average (SMA50 for Mode 3, SMA200 for Mode 4) and the RSI is strong (above 55 after touching 50), and sell signals when the price crosses below these levels with the RSI dropping below 45. Additional conditions for taking profit are built into each mode, and the indicator tracks position status to help reset the conditions after a trade is closed. Signals are plotted directly on the chart with labels (displaying "KUP" for buy and "SPRZEDAJ" for sell) and shapes for visual clarity. The current RSI value is also shown in the top-right corner. How to Use It Trade Entry: For example, in Mode 1, if the price dips below SMA50, the RSI has been low (below 26) and is now rising above 30, a buy signal is generated. This may signal a counter-trend opportunity when the price has oversold. Trade Exit: Conversely, if the price rises above SMA50 while the RSI is falling (having been high above 74 and now dropping below 70), a sell signal is generated to exit the trade. Risk Management: Take profit (TP) conditions are set based on price action or RSI levels. These conditions help you exit a trade once the market moves in your favor, ensuring you lock in profits. Example Strategy Counter-Trend Setup (Mode 1): Buy: Enter a long position when the price drops below the 50-period SMA and the RSI has been oversold (below 26) but starts to recover (rises above 30). Sell/TP: Exit when the price moves above the SMA or the RSI reaches a high level (above 70). Trend Respect Setup (Mode 3): Buy: Enter when the price crosses above the 50-period SMA and the RSI, after touching around 50, moves up above 55. Sell/TP: Exit when the price reverses (crosses below the SMA) or the RSI drops below 45. Combine this indicator with other analysis tools (like volume or support/resistance levels) to refine your entry and exit points. Please Share If you find the "Hossa Signals" indicator useful for your trading strategy, please share it with your fellow traders. Sharing helps grow our community and encourages the development of more innovative trading tools. Enjoy your trading!
Pine Script® indicator
من ‎Hossa_Nostra‎
HOSSA High-Low LevelsHOSSA High-Low Levels – How It Works and How to Use It The HOSSA High-Low Levels indicator gives you three different ways to plot key price levels on your chart, all based on a higher timeframe candle you select. It can help you spot important support and resistance zones, potential expansion levels, or key reference points (high, low, open, close) to aid in your technical analysis. 1. Modes of Operation Resistance In this mode, the indicator measures the range between the previous candle’s high and low (on your chosen higher timeframe). It then projects multiple lines above and below that range (both “positive” and “negative” expansions). This allows you to visualize potential resistance/support areas at intervals like +25%, +50%, +100%, -25%, -50%, etc., relative to that candle’s range. Fibonacci This mode also takes the candle’s high and low, then applies Fibonacci retracement and extension levels (including negative extensions). You’ll see levels such as 0.236, 0.382, 0.5, 0.618, 1.272, 1.618, and more plotted on your chart. These can be useful for identifying potential reversal or continuation zones based on Fibonacci theory. High-Low-Open-Close In this simpler mode, the script plots just four lines at the higher timeframe candle’s high, low, open, and close. This gives you clean reference levels for intraday trading or any lower timeframe analysis. 2. Selecting Your Higher Timeframe Higher Timeframe Input: The script uses the high, low, open, and close of the candle from the timeframe you choose (default is 240 minutes, i.e., 4 hours). These reference points form the basis of how the indicator calculates its lines in each mode. 3. How to Use It in Your Analysis Detect Potential Support/Resistance In Resistance or Fibonacci mode, look for price reactions around these plotted lines. If price stalls or reverses, those levels may act as support or resistance. Identify Trade Targets and Stop Areas Projected lines (especially in Resistance or Fibonacci mode) can serve as logical areas for placing stop-loss or take-profit orders. Combine with Price Action If using High-Low-Open-Close, you might watch for breakouts or bounces near the higher timeframe candle’s open/close. Combining these key levels with candlestick patterns or volume can enhance your conviction for entries or exits. Multi-Timeframe Context While your main chart might be on a shorter timeframe (e.g., 15 minutes), the lines from a higher timeframe candle (e.g., 4 hours) add valuable “bigger picture” context to refine your trades. 4. Tips for Best Practice Experiment with Different Timeframes: If the 4-hour candle levels aren’t aligning well with your style, consider daily or weekly candles to see broader market structure. Color Coding: The script automatically colors lines based on their significance in each mode (e.g., highs in one color, lows in another). This makes it easier to quickly identify critical price references. Alert Combinations: Although this script doesn’t directly create alerts, you can combine it with TradingView’s alert system (e.g., “Crossing” a plotted level) to get notified if price tests a key zone. By using HOSSA High-Low Levels, you’ll have a flexible tool to easily project important price lines on your chart – whether those lines are expansions of a range, Fibonacci retracements and extensions, or simply the previous candle’s high, low, open, and close. This can help you trade more confidently by giving you clear, higher timeframe reference points. Request to Share My Work Dear Users, I kindly ask for your support in sharing my work with your friends and networks. Every like, share, or recommendation is extremely valuable to me and helps reach a wider audience. I would be immensely grateful for any form of support and engagement! Thanks to your help, I can continue developing this project and bring more ideas to life. With sincere appreciation,
Pine Script® indicator
من ‎Hossa_Nostra‎
2
Hossa Sweep/liquidityHossa Sweep/Liquidity – How It Works and How to Use It The Hossa Sweep/Liquidity indicator is designed to detect “sweep” signals across multiple timeframes. A “sweep” occurs when one candle (Candle #2) pushes beyond the previous candle’s high or low (Candle #1) while both candles share the same color (both bullish or both bearish). Additionally, Candle #1 must have a visible wick. This indicator can help traders identify potential turning points or continuation patterns. 1. How It Operates for Traders Multiple Timeframes: You can select up to five different timeframes (e.g., 5m, 15m, 1H, 4H, 1D). The indicator will check each chosen timeframe to see if a sweep is happening. Visual Labels: When it detects a valid sweep: SL (Sweep Long) label appears below a candle if the sweep is bullish. SS (Sweep Short) label appears above a candle if the sweep is bearish. Alerts: The script triggers an alert whenever a new sweep signal appears on any of the selected timeframes, so you won’t miss an opportunity. 2. Practical Ways to Use It Confluence with Other Signals Combine these sweep signals with your favorite support/resistance zones, moving averages, or volume profiles. For instance, a sweep at a known support zone can hint at a bullish reversal; a sweep at resistance might suggest a bearish reversal. Confirm Trend Continuations Watch for bullish sweeps in an existing uptrend or bearish sweeps in a downtrend. A sweep in line with the overall trend can serve as a continuation signal, helping you time pullback entries. Identify Potential Reversals Sweeps often appear near market tops/bottoms when price aggressively tests a previous candle’s high or low. In these areas, a sweep followed by strong follow-through can be a clue of a likely turning point. Manage Risk More Precisely Since the indicator specifies exact candle highs/lows, you can plan tighter stop-loss levels or be more precise with your targets. Request to Share My Work Dear Users, I kindly ask for your support in sharing my work with your friends and networks. Every like, share, or recommendation is extremely valuable to me and helps reach a wider audience. I would be immensely grateful for any form of support and engagement! Thanks to your help, I can continue developing this project and bring more ideas to life. With sincere appreciation,
Pine Script® indicator
من ‎Hossa_Nostra‎
Swing Breakout SequenceHere’s the translation to English: --- **Structure and Variable Declarations**: The script uses the appropriate type structure in Pine Script for swing points and sequences. The use of `type`, `var`, and `array` is correct and should work in version 5, on which the script is based. **User Functions**: All user functions have clearly defined parameters and return the appropriate types. The use of `array` and `chart.point` is fine, and the logic related to data processing appears to be coherent. **Sequence Logic**: The functions `gatherInternalSBS` and `gatherSwingSBS` collect swing points and should correctly identify bullish/bearish patterns. It is important to ensure that thresholds and parameters are appropriately adjusted to market data. **State Conditions**: Using `barstate.isconfirmed` as a condition for executing the script logic is a technique that ensures operations will only be performed on confirmed candles. **Drawing Graphic Elements**: The script contains functions for drawing labels (`label.new`), lines (`line.new`), and boxes (`box.new`). It is important to check whether the conditions for their drawing are correct and do not lead to errors. ---
Pine Script® indicator
من ‎pawelbatus‎
1
Volatility ContractionA very simple indicator which calculates the range of a definable period (the default is 5 bars) using a percentage range between the highest and lowest prices calculated from the candle bodies (i.e. open and close values). The plotted line makes it easy to see when price movement is tightening (volatility contraction). The dashed threshold line (default 10%) provides a reference point for setting alerts, helping to identify periods of low volatility (e.g. for stocks in your watchlist) that could signal upcoming market action.
Pine Script® indicator
من ‎NDO-42‎
Instant Engulfing Candle alert from YAVDThis indicator is created for Japanese candlestick charts, it marks bullish and bearish engulfing candles. Bearish engulfing candles change color to blue and bullish engulfing candles change color to yellow. The main difference of this indicator is that you can set a quick alert message that will notify you that the candle has closed engulfing. I created it for myself, maybe it will be useful to someone
Pine Script® indicator
من ‎yavd111‎
London Session 15-min Range – Clean AEST Timestamp Fix (w/ EMAs)London Session 15-min Range – Clean AEST Timestamp Fix (with EMAs) What it does: This script is made for traders who want to track the high and low of the first 15-minute candle of the London session, using AEST (UTC+10) as the time reference. It also plots the 50 EMA and 200 EMA to help identify trend direction. How it works: Session Timing: The London session is defined as starting at 6:00 PM AEST. The session ends at 2:00 AM AEST the next day. Detects the first 15 minutes of the London session: During this time, it records the highest and lowest price. Draws lines once the 15-minute window is over: A red horizontal line is drawn at the session high. A green horizontal line is drawn at the session low. These lines extend 50 bars into the future. It only draws these once per day/session. Includes EMAs: A 50-period EMA is calculated and plotted in yellow. A 200-period EMA is calculated and plotted in white. Why use it: It helps visualise important price levels from the start of the London session and pairs that with moving averages to spot trends or potential breakouts.
Pine Script® indicator
من ‎LukeHouls83‎
Option Stop-Limit Calculator1. Indicator Overview Purpose: Automates stop-loss calculations for call/put options by linking the underlying stock’s stop price to the option’s limit price using delta and a buffer percentage. Key Features: Plots a horizontal line for the stock’s stop price. Displays real-time option limit prices in a table. Supports alerts for stop triggers. Complete Users Training Manual is embedded into the code of the indicator. You may not use any portion of this code for monetization purposes. The intent is to serve everyone in the community and hopefully make us all prosper. Good Luck
Pine Script® indicator
من ‎patrickamp‎
DIR Pro (ʘ‿ʘ)ノMomentum System Detection: Uses ta.barssince() to count consecutive closes above/below EMA25 Threshold: Requires ≥7 consecutive bars (momentum_length) Output: Directional integer (-1/0/1) + duration count Intensity Metric pinescript Copy intensity = sum(last 3 bars' distance > historical reference) × 0.5 Comparison Window: Current vs momentum start period (3-bar rolling window) Scaling: 0.5 points per confirmation (max 1.5) Score Weighting Copy Total = (Base × 70%) + (Momentum × 20%) + (Intensity × 10%) Base (70%): Long-term EMA25 positioning (144-period exponential decay) Momentum (20%): Trend persistence confirmation Intensity (10%): Short-term acceleration strength Key Fixes Applied NaN Protection: Added ternary checks (peso_total != 0 ?) in all metric calculations Position Adjustment: Horizontal: bar_index + 12 (moved 3cm right) Vertical: high * 1.015 (moved 3cm up from price) Metric Visibility: Explicit inclusion of AvgD/Body in Section A Precision Formatting: #.0 format for 1-decimal consistency
Pine Script® indicator
من ‎ravingant‎
Ichimoku CloudDetailed Description of the Pine Script Code for Ichimoku Indicator with Buy/Sell Signals 1. Indicator Declaration: Uses Pine Script version 5. Sets the title to "Enhanced Ichimoku Signals (Buy/Sell on Tenkan-sen)". Displays the indicator directly on the price chart (overlay=true). 2. Ichimoku Parameter Settings: Tenkan-sen (Conversion Line Length): Default period of 9. Kijun-sen (Base Line Length): Default period of 26. Senkou Span B (Leading Span B Length): Default period of 52. Displacement (Lagging Span): Default period of 26. 3. Signal Display Settings: Enables/disables Buy and Sell signals. Allows customization of signal colors: Buy Signal: Green upward arrow. Sell Signal: Red downward arrow. 4. Ichimoku Component Calculations: Donchian Channel: Computes the average between the highest and lowest prices over a defined period. Tenkan-sen: Average of the highest and lowest prices over the last 9 periods. Kijun-sen: Average of the highest and lowest prices over the last 26 periods. Senkou Span A: Average of Tenkan-sen and Kijun-sen. Senkou Span B: Average of the highest and lowest prices over the last 52 periods. 5. Plotting Ichimoku Lines: Plots Tenkan-sen in blue. Plots Kijun-sen in red. 6. Buy/Sell Signal Conditions: Buy Signal: Previous candle closed below Tenkan-sen. Current candle closes above Tenkan-sen. Sell Signal: Previous candle’s high was above or equal to Tenkan-sen. Current candle closes below Tenkan-sen. 7. Displaying Buy/Sell Signals: Buy Signal: Green upward arrow appears below the candle when triggered. Sell Signal: Red downward arrow appears above the candle when triggered. Signal visibility is controlled by showBuySignals and showSellSignals settings. 8. Trade Alerts: Alerts are generated when a Buy or Sell signal is triggered. Notifications specify whether a candle closed above or below Tenkan-sen. 9. Error Handling with plot(na): A dummy plot(na) ensures at least one plot function exists, preventing script errors. Summary of Functionality: Computes Ichimoku lines (Tenkan-sen, Kijun-sen, Senkou Span A, Senkou Span B). Identifies Buy/Sell signals based on: Candle’s closing position relative to Tenkan-sen. Previous candle’s high/low position. Plots Buy/Sell signals with customizable colors. Triggers alerts for trade signals.
Pine Script® indicator
من ‎khangvitan‎
Opening Range BreakoutThis is an Opening Range Breakout script. It will plot the opening range high and low (green and red lines, respectively) as determined by the user input (default is a 15 min window from market open, 9:30 - 9:45 am). The time period for the breakout is also configured by a user input (default is from 9:45 am - 2:30 pm). Alerts are sent for breakouts either above (bullish) or below (bearish) the opening range high and low. An EMA is also used for trend confirmation before sending alerts for breakouts (to avoid false signals). A bullish breakout is determined by all of the following being true: - The current price being above the opening range high (green line) - The EMA trending up (ie the current value of the EMA > prior EMA value) - The current price is > the EMA - The EMA is > the opening range high A bearish breakout is determined by all of the following being true: - The current price being below the opening range low (red line) - The EMA trending down (ie the current value of the EMA < prior EMA value) - The current price is < the EMA - the EMA is < the opening range low Enjoy this simple indicator!
Pine Script® indicator
من ‎jdraket‎
1