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Dividend Calendar (Zeiierman)█ Overview The Dividend Calendar is a financial tool designed for investors and analysts in the stock market. Its primary function is to provide a schedule of expected dividend payouts from various companies. Dividends, which are portions of a company's earnings distributed to shareholders, represent a return on their investment. This calendar is particularly crucial for investors who prioritize dividend income, as it enables them to plan and manage their investment strategies with greater effectiveness. By offering a comprehensive overview of when dividends are due, the Dividend Calendar aids in informed decision-making, allowing investors to time their purchases and sales of stocks to optimize their dividend income. Additionally, it can be a valuable tool for forecasting cash flow and assessing the financial health and dividend-paying consistency of different companies. █ How to Use Dividend Yield Analysis: By tracking dividend growth and payouts, traders can identify stocks with attractive dividend yields. This is particularly useful for income-focused investors who prioritize steady cash flow from their investments. Income Planning: For those relying on dividends as a source of income, the calendar helps in forecasting income. Trend Identification: Analyzing the growth rates of dividends helps in identifying long-term trends in a company's financial health. Consistently increasing dividends can be a sign of a company's strong financial position, while decreasing dividends might signal potential issues. Portfolio Diversification: The tool can assist in diversifying a portfolio by identifying a range of dividend-paying stocks across different sectors. This can help mitigate risk as different sectors may react differently to market conditions. Timing Investments: For those who follow a dividend capture strategy, this indicator can be invaluable. It can help in timing the buying and selling of stocks around their ex-dividend dates to maximize dividend income. █ How it Works This script is a comprehensive tool for tracking and analyzing stock dividend data. It calculates growth rates, monthly and yearly totals, and allows for custom date handling. Structured to be visually informative, it provides tables and alerts for the easy monitoring of dividend-paying stocks. Data Retrieval and Estimation: It fetches dividend payout times and amounts for a list of stocks. The script also estimates future values based on historical data. Growth Analysis: It calculates the average growth rate of dividend payments for each stock, providing insights into dividend consistency and growth over time. Summation and Aggregation: The script sums up dividends on a monthly and yearly basis, allowing for a clear view of total payouts. Customization and Alerts: Users can input custom months for dividend tracking. The script also generates alerts for upcoming or current dividend payouts. Visualization: It produces various tables and visual representations, including full calendar views and income tables, to display the dividend data in an easily understandable format. █ Settings Overview: Currency: Description: This setting allows the user to specify the currency in which dividend values are displayed. By default, it's set to USD, but users can change it to their local currency. Impact: Changing this value alters the currency denomination for all dividend values displayed by the script. Ex-Date or Pay-Date: Description: Users can select whether to show the Ex-dividend day or the Actual Payout day. Impact: This changes the reference date for dividend data, affecting the timing of when dividends are shown as due or paid. Estimate Forward: Description: Enables traders to predict future dividends based on historical data. Impact: When enabled, the script estimates future dividend payments, providing a forward-looking view of potential income. Dividend Table Design: Description: Choose between viewing the full dividend calendar, just the cumulative monthly dividend, or a summary view. Impact: This alters the format and extent of the dividend data displayed, catering to different levels of detail a user might require. Show Dividend Growth: Description: Users can enable dividend growth tracking over a specified number of years. Impact: When enabled, the script displays the growth rate of dividends over the selected number of years, providing insight into dividend trends. Customize Stocks & User Inputs: This setting allows users to customize the stocks they track, the number of shares they hold, the dividend payout amount, and the payout months. Impact: Users can tailor the script to their specific portfolio, making the dividend data more relevant and personalized to their investments. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script® indicator
من ‎Zeiierman‎
22
Intrabar Efficiency Ratio█   OVERVIEW This indicator displays a directional variant of Perry​ Kaufman's​ Efficiency​ Ratio​, designed to gauge the "efficiency" of intrabar price movement by comparing the sum of movements of the lower timeframe bars composing a chart bar with the respective bar's movement on an average basis. █   CONCEPTS Efficiency Ratio (ER) Efficiency Ratio ​ was first introduced by Perry Kaufman in his 1995 book, titled "Smarter Trading". It is the ratio of absolute price change to the sum of absolute changes on each bar over a period. This tells us how strong the period's trend is relative to the underlying noise. Simply put, it's a measure of price movement efficiency. This ratio is the modulator utilized in Kaufman's​ Adaptive​ Moving​ Average​ (KAMA​), which is essentially an Exponential​ Moving​ Average​ (EMA​) that adapts its responsiveness to movement efficiency. ER's output is bounded between 0 and 1. A value of 0 indicates that the starting price equals the ending price for the period, which suggests that price movement was maximally inefficient. A value of 1 indicates that price had travelled no more than the distance between the starting price and the ending price for the period, which suggests that price movement was maximally efficient. A value between 0 and 1 indicates that price had travelled a distance greater than the distance between the starting price and the ending price for the period. In other words, some degree of noise was present which resulted in reduced efficiency over the period. As an example, let's say that the price of an asset had moved from $15 to $14 by the end of a period, but the sum of absolute changes for each bar of data was $4. ER would be calculated like so: ER = abs(14 - 15)/4 = 0.25 This suggests that the trend was only 25% efficient over the period, as the total distanced travelled by price was four times what was required to achieve the change over the period. Intrabars Intrabars are chart bars at a lower timeframe than the chart's. Each 1H chart bar of a 24x7 market will, for example, usually contain 60 intrabars at the ​LTF of 1min, provided there was market activity during each minute of the hour. Mining information from intrabars can be useful in that it offers traders visibility on the activity inside a chart bar. Lower timeframes (LTFs) A lower timeframe is a timeframe that is smaller than the chart's timeframe. This script determines which ​LTF to use by examining the chart's timeframe. The ​LTF determines how many intrabars are examined for each chart bar; the lower the timeframe, the more intrabars are analyzed, but fewer chart bars can display indicator information because there is a limit to the total number of intrabars that can be analyzed. Intrabar precision The precision of calculations increases with the number of intrabars analyzed for each chart bar. As there is a 100K limit to the number of intrabars that can be analyzed by a script, a trade-off occurs between the number of intrabars analyzed per chart bar and the chart bars for which calculations are possible. Intrabar Efficiency Ratio (IER) Intrabar Efficiency Ratio applies the concept of ER on an intrabar level. Rather than comparing the overall change to the sum of bar changes for the current chart's timeframe over a period, IER compares single bar changes for the current chart's timeframe to the sum of absolute intrabar changes, then applies smoothing to the result. This gives an indication of how efficient changes are on the current chart's timeframe for each bar of data relative to LTF​ bar changes on an average basis. Unlike the standard ER calculation, we've opted to preserve directional information by not taking the absolute value of overall change, thus allowing it to be utilized as a momentum oscillator. However, by taking the absolute value of this oscillator, it could potentially serve as a replacement for ER in the design of adaptive moving averages. Since this indicator preserves directional information, IER can be regarded as similar to the Chande​ Momentum​ Oscillator​ (CMO​) , which was presented in 1994 by Tushar​ Chande​ in "The New Technical Trader". Both CMO​ and ER​ essentially measure the same relationship between trend and noise. CMO simply differs in scale, and considers the direction of overall changes. █   FEATURES Display Three different display types are included within the script:  • Line : Displays the middle length MA of the IER as a line .   Color for this display can be customized via the "Line" portion of the "Visuals" section in the script settings.  • Candles : Displays the non-smooth IER and two moving averages of different lengths as candles .   The `open` and `close` of the candle are the longest and shortest length MAs of the IER respectively.   The `high` and `low` of the candle are the max and min of the IER, longest length MA of the IER, and shortest length MA of the IER respectively.   Colors for this display can be customized via the "Candles" portion of the "Visuals" section in the script settings.  • Circles : Displays three MAs of the IER as circles .   The color of each plot depends on the percent rank of the respective MA over the previous 100 bars.   Different colors are triggered when ranks are below 10%, between 10% and 50%, between 50% and 90%, and above 90%.   Colors for this display can be customized via the "Circles" portion of the "Visuals" section in the script settings. With either display type, an optional information box can be displayed. This box shows the LTF​ that the script is using, the average number of lower timeframe bars per chart bar, and the number of chart bars that contain LTF​ data. Specifying intrabar precision Ten options are included in the script to control the number of intrabars used per chart bar for calculations. The greater the number of intrabars per chart bar, the fewer chart bars can be analyzed. The first five options allow users to specify the approximate amount of chart bars to be covered:  • Least Precise (Most chart bars) : Covers all chart bars by dividing the current timeframe by four.   This ensures the highest level of intrabar precision while achieving complete coverage for the dataset.  • Less Precise (Some chart bars) & More Precise (Less chart bars) : These options calculate a stepped ​LTF in relation to the current chart's timeframe.  • Very precise (2min intrabars) : Uses the second highest quantity of intrabars possible with the 2min ​LTF.  • Most precise (1min intrabars) : Uses the maximum quantity of intrabars possible with the 1min ​LTF. The stepped lower timeframe for "Less Precise" and "More Precise" options is calculated from the current chart's timeframe as follows: Chart Timeframe Lower Timeframe Less Precise More Precise < 1hr 1min 1min < 1D 15min 1min < 1W ​2hr​ 30min > 1W 1D 60min The last five options allow users to specify an approximate fixed number of intrabars to analyze per chart bar. The available choices are 12, 24, 50, 100, and 250. The script will calculate the LTF​ which most closely approximates the specified number of intrabars per chart bar. Keep in mind that due to factors such as the length of a ticker's sessions and rounding of the LTF​, it is not always possible to produce the exact number specified. However, the script will do its best to get as close to the value as possible. Specifying MA type Seven MA types are included in the script for different averaging effects:  • Simple  • Exponential  • Wilder (RMA)  • Weighted  • Volume-Weighted  • Arnaud Legoux with `offset` and `sigma` set to 0.85 and 6 respectively.  • Hull Weighting This script includes the option to weight IER values based on the percent rank of absolute price changes on the current chart's timeframe over a specified period, which can be enabled by checking the "Weigh using relative close changes" option in the script settings. This places reduced emphasis on IER values from smaller changes, which may help to reduce noise in the output. █   FOR Pine Script™ CODERS  • This script imports the recently published lower_ltf library for calculating intrabar statistics and the optimal lower timeframe in relation to the current chart's timeframe.  • This script uses the recently released request.security_lower_tf() Pine Script™ function discussed in this blog post .   It works differently from the usual request.security() in that it can only be used on LTFs, and it returns an array containing one value per intrabar.   This makes it much easier for programmers to access intrabar information.  • This script implements a new recommended best practice for tables which works faster and reduces memory consumption.   Using this new method, tables are declared only once with var , as usual. Then, on the first bar only, we use table.cell() to populate the table.   Finally, table.set_*() functions are used to update attributes of table cells on the last bar of the dataset.   This greatly reduces the resources required to render tables. Look first. Then leap.
Pine Script® indicator
من ‎TradingView‎
6
Сoncentrated Market Maker Strategy by oxowlConcentrated Market Maker Strategy by oxowl. This script plots an upper and lower bound for liquidity provision, and checks for rebalancing conditions. It also includes alert conditions for when the price crosses the upper or lower bounds. Here's an overview of the script: It defines the input parameters: liquidity range percentage, rebalance frequency in minutes, and minimum trade size in assets. It calculates the upper and lower bounds for liquidity provision based on the liquidity range percentage. It initializes variables for the last rebalance time and price. It defines a rebalance condition based on the frequency and current price within the specified range. If the rebalance condition is met, it updates the last rebalance time and price. It plots the upper and lower bounds on the chart as lines and adds price labels for both bounds. It defines alert conditions for when the price crosses the upper or lower bounds. Finally, it creates alert conditions with appropriate messages for when the price crosses the upper or lower bounds. Concentrated liquidity is a concept often used in decentralized finance (DeFi) market-making strategies. It allows liquidity providers (LPs) to focus their liquidity within a specific price range, rather than across the entire price curve. Using an indicator with concentrated liquidity can offer several advantages: Increased capital efficiency: Concentrated liquidity allows LPs to allocate their capital within a narrower price range. This means that the same amount of capital can generate more significant price impact and potentially higher returns compared to providing liquidity across a broader range. Customized risk exposure: LPs can choose the price range they feel most comfortable with, allowing them to better manage their risk exposure. By selecting a range based on their market outlook, they can optimize their positions to maximize potential returns. Adaptive strategies: Indicators that support concentrated liquidity can help traders adapt their strategies based on market conditions. For example, they can choose to provide liquidity around a stable price range during low-volatility periods or adjust their range when market conditions change. To continue integrating this script into your trading strategy, follow these steps: Import the script into your TradingView account. Navigate to the Pine editor, paste the code, and save it as a new script. Apply the indicator to a trading pair chart. You can customize the input parameters (liquidity range percentage, rebalance frequency, and minimum trade size) based on your preferences and risk tolerance. Set alerts for when the price crosses the upper or lower bounds. This will notify you when it's time to take action, such as adding or removing liquidity, or rebalancing your position. Monitor the performance of your strategy over time. Adjust the input parameters as needed to optimize your returns and manage risk effectively. (Optional) Integrate the script with a trading bot or automation platform. If you're using an API-based trading solution, you can incorporate the logic and conditions from the script into your bot's algorithm to automate the process of providing concentrated liquidity and rebalancing your positions. Remember that no strategy is foolproof, and past performance is not indicative of future results. Always exercise caution when trading and carefully consider your risk tolerance.
Pine Script® indicator
من ‎deperp‎
Rolling VWAP█   OVERVIEW This indicator displays a Rolling Volume-Weighted Average Price. Contrary to VWAP indicators which reset at the beginning of a new time segment, RVWAP calculates using a moving window defined by a time period (not a simple number of bars), so it never resets. █   CONCEPTS If you are not already familiar with ​VWAP, our Help Center will get you started. The typical VWAP is designed to be used on intraday charts, as it resets at the beginning of the day. Such VWAPs cannot be used on daily, weekly or monthly charts. Instead, this rolling VWAP uses a time period that automatically adjusts to the chart's timeframe. You can thus use RVWAP on any chart that includes ​volume information in its data feed. Because RVWAP uses a moving window, it does not exhibit the jumpiness of VWAP plots that reset. You can see the more jagged VWAP on the chart above. We think both can be useful to traders; up to you to decide which flavor works for you. █   HOW TO USE IT Load the indicator on an active chart (see the Help Center if you don't know how). Time period By default, the script uses an auto-stepping mechanism to adjust the time period of its moving window to the chart's timeframe. The following table shows chart timeframes and the corresponding time period used by the script. When the chart's timeframe is less than or equal to the timeframe in the first column, the second column's time period is used to calculate RVWAP: Chart Time timeframe period 1min 🠆 1H 5min 🠆 4H 1H 🠆 1D 4H 🠆 3D 12H 🠆 1W 1D 🠆 1M 1W 🠆 ​3M You can use the script's inputs to specify a fixed time period, which you can express in any combination of days, hours and minutes. By default, the time period currently used is displayed in the lower-right corner of the chart. The script's inputs allow you to hide the display or change its size and location. Minimum Window Size This input field determines the minimum number of values to keep in the moving window, even if these values are outside the prescribed time period. This mitigates situations where a large time gap between two bars would cause the time window to be empty, which can occur in non-24x7 markets where large time gaps may separate contiguous chart bars, namely across holidays or trading sessions. For example, if you were using a 1D time period and there is a two-day gap between two bars, then no chart bars would fit in the moving window after the gap. The default value is 10 bars. █   NOTES If you are interested in VWAP indicators, you may find the VWAP Auto Anchored built-in indicator worth a try. For Pine Script™ coders The heart of this script's calculations uses the `totalForTimeWhen()` function from the ConditionalAverages library published by PineCoders . It works by maintaining an array of values included in a time period, but without a for loop requiring a lookback from the current bar, so it is much more efficient. We write our Pine Script™ code using the recommendations in the User Manual's Style Guide . Look first. Then leap.
Pine Script® indicator
من ‎TradingView‎
72
Volume Spike Retracement█ OVERVIEW -Following many people's request to add "Volume" mode again in my "Institutional OrderBlock Pressure" script. I decided to release an improved and full-fledged script. This will be the last OB/Retracement script I will release as we have explored every possible way to find them. █ HOW TO INTERPRET? -The script uses the the 0.5 Pivot and the maximum value set for Volume Length to find 'Peak Volume'. Once these conditions are met, the script starts creating a Retracement Line. -By default, the Volume Length value is set to 89, which works well with most Timeframes following the OrderBlocks/Retracements logic used in my scripts. -You have the option to set Alerts when the "Volume Spike Limit" is reached or when a Price Crossing with a Line occurs. █ NOTES - Yes Alerts appear instantly. Moreover, they are not 'confirmed', you must ALWAYS wait for confirmation before making a choice. Good Trade everyone and remember, risk management remains the most important!
Pine Script® indicator
من ‎RickSimpson‎
10
Dual Purpose Pine Based CorrelationThis is my "Pine-based" correlation() function written in raw Pine Script. Other names applied to it are "Pearson Correlation", "Pearson's r", and one I can never remember being "Pearson Product-Moment Correlation Coefficient(PPMCC)". There is two basic ways to utilize this script. One is checking correlation with another asset such as the S&P 500 (provided as a default). The second is using it as a handy independent indicator correlated to time using Pine's bar_index variable. Also, this is in fact two separate correlation indicators with independent period adjustments, so I guess you could say this indicator has a dual purpose split personality. My intention was to take standard old correlation and apply a novel approach to it, and see what happens. Either way you use it, I hope you may find it most helpful enough to add to your daily TV tool belt. You will notice I used the Pine built-in correlation() in combination with my custom function, so it shows they are precisely equal, even when the first two correlation() parameters are reversed on purpose or by accident. Additionally, there's an interesting technique to provide a visually appealing line with two overlapping plot()s combined together. I'm sure many members may find that plotting tactic useful when a bird's nest of plotting is occurring on the overlay pane in some scenarios. One more thing about correlation is it's always confined to +/-1.0 irregardless of time intervals or the asset(s) it is applied to, making it a unique oscillator. As always, I have included advanced Pine programming techniques that conform to proper "Pine Etiquette". For those of you who are newcomers to Pine Script, this code release may also help you comprehend the "Power of Pine" by employing advanced programming techniques in Pine exhibiting code utilization in a most effective manner. One of the many tricks I applied here was providing floating point number safeties for _correlation(). While it cannot effectively use a floating point number, it won't error out in the event this should occur especially when applying "dominant cycle periods" to it, IF you might attempt this. NOTICE: You may have observed there is a sqrt() custom function and you may be thinking... "Did he just sick and twistedly overwrite the Pine built-in sqrt() function?" The answer is... YES, I am and yes I did! One thing I noticed, is that it does provide slightly higher accuracy precision decimal places compared to the Pine built-in sqrt(). Be forewarned, "MY" sqrt() is technically speaking slower than snail snot compared to the native Pine sqrt(), so I wouldn't advise actually using it religiously in other scripts as a daily habit. It is seemingly doing quite well in combination with these simple calculations without being "sluggish". Lastly, of course you may always just delete the custom sqrt() function, via Pine Editor, and then the script will still operate flawlessly, yet more efficiently. Features List Includes: Dark Background - Easily disabled in indicator Settings->Style for "Light" charts or with Pine commenting AND much, much more... You have the source! The comments section below is solely just for commenting and other remarks, ideas, compliments, etc... regarding only this indicator, not others. When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members, I may implement more ideas when they present themselves as worthy additions. As always, "Like" it if you simply just like it with a proper thumbs up, and also return to my scripts list occasionally for additional postings. Have a profitable future everyone!
Pine Script® indicator
من ‎ImmortalFreedom‎
6
How to avoid repainting when NOT using security()Even when your code does not use security() calls, repainting dynamics still come into play in the realtime bar. Script coders and users must understand them and, if they choose to avoid repainting, need to know how to do so. This script demonstrates three methods to avoid repainting when NOT using the security() function. Note that repainting dynamics when not using security() usually only come into play in the realtime bar, as historical data is fixed and thus cannot cause repainting, except in situations related to stock splits or dividend adjustments. For those who don’t want to read Configure your alerts to trigger “Once Per Bar Close” and you’re done. For those who want to understand Put this indicator on a 1 minute or seconds chart with a live symbol. As price changes you will see four of this script’s MAs (all except the two orange ones) move in the realtime bar. You are seeing repainting in action. When the current realtime bar closes and becomes a historical bar, the lines on the historical bars will no longer move, as the bar’s OHLC values are fixed. Note that you may need to refresh your chart to see the correct historical OHLC values, as exchange feeds sometimes produce very slight variations between the end values of the realtime bar and those of the same bar once it becomes a historical bar. Some traders do not use signals generated by a script but simply want to avoid seeing the lines plotted by their scripts move during the realtime bar. They are concerned with repainting of the lines . Other traders use their scripts to evaluate conditions, which they use to either plot markers on the chart, trigger alerts, or both. They may not care about the script’s plotted lines repainting, but do not want their markers to appear/disappear on the chart, nor their alerts to trigger for a condition that becomes true during the realtime bar but is no longer true once it closes. Those traders are more concerned with repainting of signals . For each of the three methods shown in this script’s code, comments explain if its lines, markers and alerts will repaint or not. Through the Settings/Inputs you will be able to control plotting of lines and markers corresponding to each method, as well as experiment with the option, for method 2, of disabling only the lines plotting in the realtime bar while still allowing the markers and alerts to be generated. An unavoidable fact is that non-repainting lines, markers or alerts are always late compared to repainting ones. The good news is that how late they are will in many cases be insignificant, so that the added reliability of the information they provide will largely offset the disadvantages of waiting. Method 1 illustrates the usual way of going about things in a script. Its gray lines and markers will always repaint but repainting of the alerts the marker conditions generate can be avoided by configuring alerts to trigger “Once Per Bar Close”. Because this gray marker repaints, you will occasionally see it appear/disappear during the realtime bar when the gray MAs cross/un-cross. Method 2 plots the same MAs as method 1, but in green. The difference is that it delays its marker condition by one bar to ensure it does not repaint. Its lines will normally repaint but its markers will not, as they pop up after the condition has been confirmed on the bar preceding the realtime bar. Its markers appear at the beginning of the realtime bar and will never disappear. When using this method alerts can be configured to trigger “Once Per Bar” so they fire the moment the marker appears on the chart at the beginning of the realtime bar. Note that the delay incurred between methods 1 and 2 is merely the instant between the close of a realtime bar and the beginning of the next one—a delay measured in milliseconds. Method 2 also allows its lines to be hidden in the realtime bar with the corresponding option in the script’s Settings/Inputs . This will be useful to those wishing to eliminate unreliable lines from the realtime bar. Commented lines in method 2 provide for a 2b option, which is to delay the calculation of the MAs rather than the cross condition. It has the obvious inconvenient of plotting delayed MAs, but may come in handy in some situations. Method 3 is not the best solution when using MAs because it uses the open of bars rather than their close to calculate the MAs. While this provides a way of avoiding repainting, it is not ideal in the case of MA calcs but may come in handy in other cases. The orange lines and markers of method 3 will not repaint because the value of open cannot change in the realtime bar. Because its markers do not repaint, alerts may be configured using “Once Per Bar”. Spend some time playing with the different options and looking at how this indicator’s lines plot and behave when you refresh you chart. We hope everything you need to understand and prevent repainting when not using security() is there. Look first. Then leap.
Pine Script® indicator
من ‎PineCoders‎
27
Watchlist & Symbols Distribution [Daveatt]TLDR; I got bored so I just coded the TradingView watchlist interface in Pinescript :) TLDR 2: Sharing it open-source what took me 1 full day to code - haven't coded in Pinescript in a long time, so I'm a bit slow for now :) █ OVERVIEW This script offers a comprehensive market analysis tool inspired by TradingView's native watchlist interface features. It combines an interactive watchlist with powerful distribution visualization capabilities and a performance comparison panel. The script was developed with a focus on providing multiple visualization methods while working within PineScript's limitations. █ DEVELOPMENT BACKGROUND The pie chart implementation was greatly inspired by the ( "Crypto Map Dashboard" script / ) adapting its circular visualization technique to create dynamic distribution charts. However, due to PineScript's 500-line limitation per script, I had to optimize the code to allow users to switch between pie chart analysis and performance comparison modes rather than displaying both simultaneously. █ SETUP AND DISPLAY For optimal visualization, users need to adjust the chart's display settings manually. This involves: Expanding the indicator window vertically to accommodate both the watchlist and graphical elements Adjusting the Y-axis scale by dragging it to ensure proper spacing for the comparison panel grid Modifying the X-axis scale to achieve the desired time window display Fine-tuning these adjustments whenever switching between pie chart and comparison panel modes These manual adjustments are necessary due to PineScript's limitations in controlling chart scaling programmatically. While this requires some initial setup, it allows users to customize the display to their preferred viewing proportions. █ MAIN FEATURES Distribution Analysis The script provides three distinct distribution visualization modes through a pie chart. Users can analyze their symbols by exchanges, asset types (such as Crypto, Forex, Futures), or market sectors. If you can't see it well at first, adjust your chart scaling until it's displayed nicely. Asset Exchanges www.tradingview.com Asset Types Asset Sectors The pie charts feature an optional 3D effect with adjustable depth and angle parameters. To enhance visual customization, four different color schemes are available: Default, Pastel, Dark, and Neon. Each segment of the pie chart includes interactive tooltips that can be configured to show different levels of detail. Importantly, the pie chart only visualizes the distribution of selected assets (those marked with a checkmark in the watchlist), providing a focused view of the user's current interests. Interactive Watchlist The watchlist component displays real-time data for up to 10 user-defined symbols. Each entry shows current price, price changes (both absolute and percentage), volume metrics, and a comparison toggle. The table is dynamically updated and features color-coded entries that correspond to their respective performance lines in the comparison chart. The watchlist serves as both an information display and a control panel for the comparison feature. Performance Comparison One of the script's most innovative features is its performance comparison panel. Using polylines for smooth visualization, it tracks the 30-day performance of selected symbols relative to a 0% baseline. The comparison chart includes a sophisticated grid system with 5% intervals and a dynamic legend showing current performance values. The polyline implementation allows for fluid, continuous lines that accurately represent price movements, providing a more refined visual experience than traditional line plots. Like the pie charts, the comparison panel only displays performance lines for symbols that have been selected in the watchlist, allowing users to focus on their specific assets of interest. █ TECHNICAL IMPLEMENTATION The script utilizes several advanced PineScript features: Dynamic array management for symbol tracking Polyline-based charting for smooth performance visualization Real-time data processing with security calls Interactive tooltips and labels Optimized drawing routines to maintain performance Selective visualization based on user choices █ CUSTOMIZATION Users can personalize almost every aspect of the script: Symbol selection and comparison preferences Visual theme selection with four distinct color schemes Pie chart dimensions and positioning Tooltip information density Component visibility toggles █ LIMITATIONS The primary limitation stems from PineScript's 500-line restriction per script. This constraint necessitated the implementation of a mode-switching system between pie charts and the comparison panel, as displaying both simultaneously would exceed the line limit. Additionally, the script relies on manual chart scale adjustments, as PineScript doesn't provide direct control over chart scaling when overlay=false is enabled. However, these limitations led to a more focused and efficient design approach that gives users control over their viewing experience. █ CONCLUSION All those tools exist in the native TradingView watchlist interface and they're better than what I just did. However, now it exists in Pinescript... so I believe it's a win lol :)
Pine Script® indicator
من ‎Daveatt‎
Futures Risk CalculatorFutures Risk Calculator Script - Description The Futures Risk Calculator (FRC) is a comprehensive tool designed to help traders effectively manage risk when trading futures contracts. This script allows users to calculate risk/reward ratios directly on the chart by specifying their entry price and stop loss. It's an ideal tool for futures traders who want to quantify their potential losses and gains with precision, based on their trading account size and the number of contracts they trade. What the Script Does: 1. Risk and Reward Calculation: The script calculates your total risk in dollars and as a percentage of your account size based on the entry and stop-loss prices you input. It also calculates two key levels where potential reward (Take Profit 1 and Take Profit 2) can be expected, helping you assess the reward-to-risk ratio for any trade. 2. Customizable Settings: You can specify the size of your trading account (available $ for Futures trading) and the number of futures contracts you're trading. This allows for tailored risk management that reflects your exact trading conditions. 3. Live Chart Integration: You add the script to your chart after opening a futures chart in TradingView. Simply click on the chart to set your Entry Price and Stop Loss. The script will instantly calculate and display the risk and reward levels based on the points you set. Adjusting the entry and stop-loss points later is just as easy: drag and drop the levels directly on the chart, and the risk and reward calculations update automatically. 4. Futures Contract Support: The script is pre-configured with a list of popular futures symbols (like ES, NQ, CL, GC, and more). If your preferred futures contract isn’t in the list, you can easily add it by modifying the script. The script uses each symbol’s point value to ensure precise risk calculations, providing you with an accurate dollar risk and potential reward based on the specific contract you're trading. How to Use the Script: 1. Apply the Script to a Futures Chart: Open a futures contract chart in TradingView. Add the Futures Risk Calculator (FRC) script as an indicator. 2. Set Entry and Stop Loss: Upon applying the script, it will prompt you to select your entry price by clicking the chart where you plan to enter the market. Next, click on the chart to set your stop-loss level. The script will then calculate your total risk in dollars and as a percentage of your account size. 3. View Risk, Reward, and (Take Profit): You can immediately see visual lines representing your entry, stop loss, and the calculated reward-to-risk ratio levels (Take Profit 1 and Take Profit 2). If you want to adjust the entry or stop loss after plotting them, simply move the points on the chart, and the script will recalculate everything for you. 4. Configure Account and Contracts: In the script settings, you can enter your account size and adjust the number of contracts you are trading. These inputs allow the script to calculate risk in monetary terms and as a percentage, making it easier to manage your risk effectively. 5. Understand the Information in the Table: Once you apply the script, a table will appear in the top-right corner of your chart, providing you with key information about your futures contract and the trade setup. Here's what each field represents: Account Size: Displays your total account value, which you can set in the script's settings. Future: Shows the selected futures symbol, along with key details such as its tick size and point value. This gives you a clear understanding of how much one point or tick is worth in dollar terms. Entry Price: The exact price at which you plan to enter the trade, displayed in green. Stop Loss Price: The price level where you plan to exit the trade if the market moves against you, shown in red. Contracts: The number of futures contracts you are trading, which you can adjust in the settings. Risk: Highlighted in orange, this field shows your total risk in dollars, as well as the percentage risk based on your account size. This is a crucial value to help you stay within your risk tolerance and manage your trades effectively.
Pine Script® indicator
من ‎firetiger86-‎
2
Supertrend Alert with Arrows and Time FilterOverview This script is designed to generate trading signals based on the Supertrend indicator, a popular technical analysis tool. The Supertrend indicator is used to identify the direction of the market trend and potential reversal points. Supertrend Settings The script uses two sets of Supertrend settings: Small Supertrend Factor: 3.0 ATR Period: 10 Big Supertrend Factor: 10.0 ATR Period: 30 These settings are fixed and should not be altered to maintain the integrity of the signal generation process. Configurable Parameters startHour: The hour at which signal generation begins. endHour: The hour at which signal generation ends. These parameters allow users to focus on specific trading hours, optimizing the signal relevance to their trading strategy. Signal Types The script generates two types of signals: Type 1: Reversal Signal Long Signal: Triggered when the big Supertrend is in an uptrend, and the small Supertrend transitions from a downtrend to an uptrend. Short Signal: Triggered when the big Supertrend is in a downtrend, and the small Supertrend transitions from an uptrend to a downtrend. Type 2: Trend Change Signal Long Signal: Triggered when the big Supertrend changes from a downtrend to an uptrend. Short Signal: Triggered when the big Supertrend changes from an uptrend to a downtrend. How the Script Works Initialization: The script initializes with predefined Supertrend settings. Data Input: Market data (e.g., price data) is fed into the script. Supertrend Calculation: The script calculates the Supertrend values using the predefined factors and ATR periods. Signal Detection: The script monitors the Supertrend values and detects the defined signals based on the conditions mentioned above. Time Filtering: Signals are filtered based on the specified startHour and endHour, ensuring only relevant signals are displayed within the desired timeframe. Usage Set Parameters: Define startHour and endHour according to your trading schedule. Run Script: Execute the script with market data input. Interpret Signals: Monitor the generated signals and use them to inform your trading decisions. Originality Dual Supertrend Usage: The use of both a small and a big Supertrend to generate signals adds a layer of complexity and reliability to the signals. Time-Based Filtering: Allows traders to focus on specific trading hours, enhancing the relevance and accuracy of signals. Two Signal Types: The combination of reversal signals and trend change signals provides comprehensive market insights. Conclusion This Supertrend Signal Generator is a robust tool for traders seeking to leverage the Supertrend indicator for more informed trading decisions. By combining dual Supertrend settings and configurable trading hours, the script offers unique and flexible signal generation capabilities.
Pine Script® indicator
من ‎risk_alpha‎
ICT Immediate Rebalance [LuxAlgo]The ICT Immediate Rebalance aims at detecting and highlighting immediate rebalances, a concept taught by Inner Circle Trader. The ICT Immediate Rebalance, although frequently overlooked, emerges as one of ICT's most influential concepts, particularly when considered within a specific context. 🔶 USAGE Immediate rebalances, a concept taught by ICT, hold significant importance in decision-making. To comprehend the concept of immediate rebalance, it's essential to grasp the notion of the fair value gap. A fair value gap arises from market inefficiencies or imbalances, whereas an immediate rebalance leaves no gap, no inefficiencies, or no imbalances that the price would need to return to. Following an immediate rebalance, the typical expectation is for two extension candles to ensue; failing this, the immediate rebalance is deemed unsuccessful. It's important to note that both failed and successful immediate rebalances hold significance in trading when analyzed within a contextual framework. Immediate rebalances can manifest across various locations and timeframes. It's recommended to analyze them in conjunction with other ICT tools or technical indicators to gain a more comprehensive understanding of market dynamics. 🔹 Multi Timeframe The script facilitates multi-timeframe analysis, enabling users to display immediate rebalances from higher timeframes. Enabling the display of higher timeframe candles helps visualize the detected immediate rebalance patterns. 🔹 Dashboard The dashboard offers statistical insights into immediate rebalances. 🔶 SETTINGS 🔹 Immediate Rebalances Timeframe: this option is to identify immediate rebalances from higher timeframes. If a timeframe lower than the chart's timeframe is selected, calculations will be based on the chart's timeframe. Bullish, and Bearish Immediate Rebalances: color customization options. Wicks 75%, %50, and %25: color customization options of the wick price levels for the detected immediate rebalances. Immediate Rebalance Candles: toggles the visualization of higher timeframe candles where immediate rebalance is detected. Confirmation (Bars): specifies the number of bars required to confirm the validation of the detected immediate rebalance. Immediate Rebalance Icon: allows customization of the size of the icon used to represent the immediate rebalance. 🔹 Dashboard Dashboard: toggles the visualization of the dashboard, sets its location, and customizes the size of the dashboard. 🔶 RELATED SCRIPTS Fair-Value-Gap Thanks to our community for recommending this script. For more conceptual scripts and related content, we welcome you to explore by visiting >>> LuxAlgo-Scripts .
Pine Script® indicator
من ‎LuxAlgo‎
12
Pro Trading Art - Head And ShouldersHow the Script Works: 1. The script identifies potential Head and Shoulders patterns by searching for specific pivot highs and pivot lows in the price data. 2. It checks for the presence of a left shoulder, head, and right shoulder based on the conditions defined in the script. 3. If a valid Head and Shoulders pattern is found, the script plots lines and labels on the chart to visualize the pattern. 4. The script also identifies Inverted Head and Shoulders patterns using similar logic but with different conditions. 5. It plots lines and labels for the Inverted Head and Shoulders pattern. 6. The script generates short and long conditions based on the patterns. Short conditions trigger when the close price crosses below the neck level of a Head and Shoulders pattern, while long conditions trigger when the close price crosses above the neck level of an Inverted Head and Shoulders pattern. 7. It plots sell and buy signal shapes on the chart when the short and long conditions are met, respectively. 8. The script can also trigger alerts to notify the user when a valid Head and Shoulders or Inverted Head and Shoulders pattern is detected. 9. The script provides visual cues on the chart to help users identify potential trading opportunities. 10. The logic and parameters of the script can be modified by the user to customize the behavior and adapt it to different trading strategies. How Users Can Make Profit Using This Script: 1. Identify potential short-selling opportunities: When a valid Head and Shoulders pattern is detected and a short condition is met, it indicates a potential trend reversal. Traders can consider opening short positions to profit from a downward price movement. 2. Identify potential long-buying opportunities: When a valid Inverted Head and Shoulders pattern is detected and a long condition is met, it suggests a potential trend reversal. Traders can consider opening long positions to profit from an upward price movement. 3. Combine with additional analysis: Users can utilize this script as a tool in their overall trading strategy. They can combine the signals generated by the script with other technical indicators, fundamental analysis, or market sentiment to make more informed trading decisions. 4. Define appropriate entry and exit points: Traders can use the lines and labels plotted by the script to determine entry and exit points for their trades. For example, they may choose to enter a short position after the price crosses below the neck level and exit when the price reaches a predetermined target or when the pattern is invalidated. 5. Set risk management measures: It is important for users to implement proper risk management strategies when trading based on the script's signals. They should define stop-loss orders to limit potential losses if the trade goes against them and consider setting profit targets to secure profits when the trade moves in their favor.
Pine Script® indicator
من ‎protradingart‎
9
Matrix Library (Linear Algebra, incl Multiple Linear Regression)What's this all about? Ever since 1D arrays were added to Pine Script, many wonderful new opportunities have opened up. There has been a few implementations of matrices and matrix math (most notably by TradingView-user tbiktag in his recent Moving Regression script: ). However, so far, no comprehensive libraries for matrix math and linear algebra has been developed. This script aims to change that. I'm not math expert, but I like learning new things, so I took it upon myself to relearn linear algebra these past few months, and create a matrix math library for Pine Script. The goal with the library was to make a comprehensive collection of functions that can be used to perform as many of the standard operations on matrices as possible, and to implement functions to solve systems of linear equations. The library implements matrices using arrays, and many standard functions to manipulate these matrices have been added as well. The main purpose of the library is to give users the ability to solve systems of linear equations (useful for Multiple Linear Regression with K number of independent variables for example), but it can also be used to simulate 2D arrays for any purpose. So how do I use this thing? Personally, what I do with my private Pine Script libraries is I keep them stored as text-files in a Libraries folder, and I copy and paste them into my code when I need them. This library is quite large, so I have made sure to use brackets in comments to easily hide any part of the code. This helps with big libraries like this one. The parts of this script that you need to copy are labeled "MathLib", "ArrayLib", and "MatrixLib". The matrix library is dependent on the functions from these other two libraries, but they are stripped down to only include the functions used by the MatrixLib library. When you have the code in your script (pasted somewhere below the "study()" call), you can create a matrix by calling one of the constructor functions. All functions in this library start with "matrix_", and all constructors start with either "create" or "copy". I suggest you read through the code though. The functions have very descriptive names, and a short description of what each function does is included in a header comment directly above it. The functions generally come in the following order: Constructors: These are used to create matrices (empy with no rows or columns, set shape filled with 0s, from a time series or an array, and so on). Getters and setters: These are used to get data from a matrix (like the value of an element or a full row or column). Matrix manipulations: These functions manipulate the matrix in some way (for example, functions to append columns or rows to a matrix). Matrix operations: These are the matrix operations. They include things like basic math operations for two indices, to transposing a matrix. Decompositions and solvers: Next up are functions to solve systems of linear equations. These include LU and QR decomposition and solvers, and functions for calculating the pseudo-inverse or inverse of a matrix. Multiple Linear Regression: Lastly, we find an implementation of a multiple linear regression, including all the standard statistics one can expect to find in most statistical software packages. Are there any working examples of how to use the library? Yes, at the very end of the script, there is an example that plots the predictions from a multiple linear regression with two independent (explanatory) X variables, regressing the chart data (the Y variable) on these X variables. You can look at this code to see a real-world example of how to use the code in this library. Are there any limitations? There are no hard limiations, but the matrices uses arrays, so the number of elements can never exceed the number of elements supported by Pine Script (minus 2, since two elements are used internally by the library to store row and column count). Some of the operations do use a lot of resources though, and as a result, some things can not be done without timing out. This can vary from time to time as well, as this is primarily dependent on the available resources from the Pine Script servers. For instance, the multiple linear regression cannot be used with a lookback window above 10 or 12 most of the time, if the statistics are reported. If no statistics are reported (and therefore not calculated), the lookback window can usually be extended to around 60-80 bars before the servers time out the execution. Hopefully the dev-team at TradingView sees this script and find ways to implement this functionality diretly into Pine Script, as that would speed up many of the operations and make things like MLR (multiple linear regression) possible on a bigger lookback window. Some parting words This library has taken a few months to write, and I have taken all the steps I can think of to test it for bugs. Some may have slipped through anyway, so please let me know if you find any, and I'll try my best to fix them when I have time to do so. This library is intended to help the community. Therefore, I am releasing the library as open source, in the hopes that people may improving on it, or using it in their own work. If you do make something cool with this, or if you find ways to improve the code, please let me know in the comments.
Pine Script® indicator
من ‎lejmer‎
21
[PX] External LevelHello everyone, today I'd like to share a script, which enables you to use external logic to plot levels on your chart. How does it work? The concept is based on two scripts. One script, which uses an external input as a trigger to print a new level and one script that calculates an output, which will be fetched. Sounds complicated? It really is not! Let's take a closer look. // This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org // © paaax //@version=4 study("RSI OS/OB") l = input(14, "RSI Length") ob = input(70, "Overbought") os = input(30, "Oversold") r = rsi(close, l) hline(ob) hline(os) plot(r, "RSI", color=color.orange) // The following plot produces an output, which will be fetched the "External Level"-script. // It evaluates to one of the following three values: 1.0, -1.0 or 0.0 plot(crossover(r, ob) ? 1.0 : crossunder(r, os) ? -1.0 : 0.0, "Output", transp=100) The example script above uses an RSI and two threshold levels (70 and 30). The logic here is, that whenever the RSI is crossing down the lower threshold or crossing up the upper threshold we'd consider the current movement to be either oversold or overbought. Therefore, it's a point of interest, which we could visualize with a level. The script creates an output when the crossover or crossunder of a threshold happens. A crossover would result in a value of 1.0, a crossunder in a value of -1.0. In all other cases the value would be 0.0. The output of the RSI script would then be used as an input of the External Level script, which has a "Source"-parameter in its input-section. If the fetched input shows 1.0, then the script prints a resistance level. If it shows -1.0 a support level will be printed. And that's basically it. A very simple approach to print levels on your chart with an infinite number of use cases. For example, you could use fetch outputs from a MACD script, MA script, outputs based on volume or price movement. Just remember the output has to evaluate to either 1.0 or -1.0 and has to be selected in the input-section. Hope that might be useful to some of you :) Please click the "Like"-button and follow me for future open-source script publications. If you are looking for help with your custom PineScript development, don't hesitate to contact me directly here on Tradingview or through the link in my signature :)
Pine Script® indicator
من ‎paaax‎
52
dashboard MTF,EMA User Guide: Dashboard MTF EMA Script Installation: Copy the script code. Go to the script window (Pine Editor) on TradingView. Paste the code into the script window. Save the script. Adding the Script to the Chart: Return to your chart on TradingView. Look for the script in the list of available scripts. Add the script to the chart. Interpreting the Table: On the right side of the chart, you will see a table labeled "EMA" with arrows. The rows correspond to different timeframes: 5 minutes (5M), 15 minutes (15M), 1 hour (1H), 4 hours (4H), and 1 day (1D). Understanding the Arrows: Each row of the table has two columns: "EMA" and an arrow. "EMA" indicates the trend of the Exponential Moving Average (EMA) for the specified period. The arrow indicates the direction of the trend: ▲ for bullish, ▼ for bearish. Table Colors: The colors of the table reflect the current trend based on the comparison between fast and slow EMAs. Blue (▲) indicates a bullish trend. Red (▼) indicates a bearish trend. Table Theme: The table has a dark (Dark) or light (Light) theme according to your preference. The background, frame, and colors are adjusted based on the selected theme. Usage: Use the table as a quick indicator of trends on different timeframes. The arrows help you quickly identify trends without navigating between different time units. Designed to simplify analysis and avoid cluttering the chart with multiple indicators.
Pine Script® indicator
من ‎SESE04‎
2
Tick travel ⍗This script is a further exploration of 'ticks' (only on realtime - live bars), based on my previous script: - www.tradingview.com - What are 'ticks'? ... Once the script’s execution reaches the rightmost bar in the dataset, if trading is currently active on the chart’s symbol, then Pine indicators will execute once every time an update occurs, i.e., price or volume changes ... (www.tradingview.com) This script has 2 parts: 1) Option: ' Tick up/down' This is a further progression of previous work. During bar development, every time there is an update (tick), a dot is placed. If for example there is 1 tick (first of new bar), a dot will be placed on 1, if it is the 8th tick off that bar, there will be a dot placed on 8. While my previous script had the issue that there was an upper limit per bar (max 32), this script (because it is working with labels) can place max 500 dots. For each bar this is better, it has to be mentioned though that looking in history, once the limit of 500 has been reached, you'll notice the last ones are being deleted. This is one of the reasons the script is not suitable for higher timeframes (1h and higher, even higher than 5 minutes can give some issues if it is a highly traded ticker), if a bar would have more than 500 ticks, they won't be drawn anymore (which is not desirable of course) 2) Option: ' Tick progression' These are the same ticks, but placed on the candle itself, or you can show the candle: Or 'without' candle (or 'black' colour): When 'No candles' are enabled, the 'candles' get the colour at the right. At the moment it is not possible to drawn between 2 candles, this technique uses labels with 'text', each tick on a candle will have a 'space' added, so you can see a progression to the right. Colours - if price is higher than previous tick price -> green - if price is lower than previous tick price -> red - otherwise -> blue (dimmed) There are options to choose the 'dot', when choosing 'custom', just enter (copy/paste) your symbol of your choice in the 'custom' field: Caveats: - Labels and text will not always be exactly on the price itself - The scripts needs more testings, possibly some ticks don't always get drawn as they should. The lower the timeframe, the more possible issues can occur - Since (candle option) the dots move to the right, the higher the timeframe and/or the more ticks, the sooner ticks will go in the area of next candle. That's why I made a separate 'start symbol' -> This is the very first tick on each candle, then you can zoom in/out more easily until the dots don't merge into each other candle area: A timeframe higher than 5 minutes mostly won't be feasible I believe This script wouldn't be possible without the help of @LucF, also because of his script With very much respect I am hugely inspired by him! Many Thanks to him, Tradingview, and everything associated with them! Cheers!
Pine Script® indicator
من ‎fikira‎
24
EMA TrendThe purpose of this script is to identify price trends based on EMAs. The relative position of price to specific EMAs and the position of certain EMAs towards each other are used to determine the trend direction. The script is intended for investors as a tool to define a basis for further evaluation. I do not use the script as a signal generator and would not recommend doing so without the help of additional indicators. How to work with the script The major (or long term) trend direction is determined by the 144 EMA much in the same way as the 200 MA is used in other systems. If the price is above the 144 EMA we are in a long term uptrend, below we are in a long term downtrend. This is to be taken with a grain of salt though. The 144 EMA is considerably shorter than the 200 SMA and is more prone to the price fluctuating around it during periods without a strong long term trend. I recommend using this as a confirmation for the short term trend. The short term trend is derived from the position and slope of the price, the 21 EMA and the 55 EMA. If the price is above the 21 EMA, the 21 above the 55 EMA, both EMAs are sloping upwards and the distance between the two is increasing, we are talking about an uptrend (and vice versa for a downtrend). This is visualized by the color of the fill between the 144 EMA and close price. Green for uptrend, red for downtrend and no color for an undetermined trend. The EMAs used are: 21 , 34 , 55 , 89 , 144 , 233 . Most of the EMAs are at 50 transparency to appear less dominant. For orientation, the 144 EMA is bright green to indicate its general importance for the trend determination, and the 55 EMAs is not transparent mainly to be able to identify positioning when the EMAs are close together. Base time frame EMA The 144 EMA is plotted twice where one is fixed to the daily time frame (can be configured) to be able to have the 144 on different timeframes during analysis. I find this very useful to keep the focus on my main time frame while analyzing trend on lower or higher time frames. This can also be turned off. Configurability This script is less configurable than I generally like with my other scripts. The reason is that the title attribute of the plots is not dynamic, and I use the data window often to get exact values from the script to determine buy targets for pullbacks and other things. Hence, I prefer not to have random names (or no names) in there to save mental capacity. If this ever becomes available, I'll gladly add this to this script. Till then, I encourage you to take the script and adjust it to your own needs. It should be simple enough even if you are just starting out in pine.
Pine Script® indicator
من ‎AshDollmaker‎
Dynamic Customizable 50% Line & Daily High/Low + True Day OpenA Unique Indicator for Precise Market-Level Analysis This indicator is a fully integrated solution that automates complex market-level calculations and visualizations, offering traders a tool that goes beyond the functionality of existing open-source alternatives. By seamlessly combining several trading concepts into a single script, it delivers efficiency, accuracy, and customization that cater to both novice and professional traders. Key Features: A Breakdown of What Makes It Unique 1. Adaptive Daily Highs and Lows Automatically detects and plots daily high and low levels based on the selected time frame, dynamically updating in real time. Features session-based adjustments, allowing traders to focus on levels that matter for specific trading sessions (e.g., London, New York). Fully customizable styling, visibility, and alerts tailored to each trader’s preferences. How It Works: The indicator calculates daily high and low levels directly from price data, integrating session-specific time offsets to account for global trading hours. These levels provide traders with clear visual markers for key liquidity zones. 2. Automated ICT 50% Range Line A pioneering implementation of ICT’s mid-range concept, this feature dynamically calculates and displays the midpoint of the daily range. Offers traders a visual guide to identify premium and discount zones, aiding in determining market bias and potential trade setups. How It Works: The script calculates the range between the day’s high and low, dividing it by two to generate the midline. This line updates in real-time, ensuring that traders always see the most current premium and discount levels as price action evolves. 3. Dynamic Market Open Levels Plots session opens (e.g., Asia, London, New York) and the True Day Open to provide actionable reference points for intra-day trading strategies. Enhances precision in identifying liquidity shifts and aligning trades with institutional price movements. How It Works: The indicator uses predefined session times to calculate and display the opening levels for key trading sessions. It dynamically adjusts for time zones, ensuring accuracy regardless of the trader’s location. 4. Custom Watermark for Enhanced Visualization Includes an optional watermark feature that allows users to display custom text on their charts. Ideal for personalization, branding, or highlighting session notes without disrupting the clarity of the chart. Why This Indicator Stands Out First-to-Market Automation: While the ICT 50% range line is a widely recognized concept, this is the first script to automate its calculation, combining it with other pivotal trading levels in a single tool. All-in-One Functionality: Unlike open-source alternatives that focus on individual features, this script integrates daily highs/lows, mid-range levels, session opens, and customizable watermarks into one cohesive system. The consolidation reduces the need for multiple indicators and ensures a clean, efficient chart setup. Dynamic Customization: Every feature can be adjusted to align with a trader’s strategy, time zone, or aesthetic preferences. This level of adaptability is unmatched in existing tools. Proprietary Logic: The indicator’s underlying calculations are built from scratch, leveraging advanced programming techniques to ensure accuracy and reliability. These proprietary methods differentiate it from similar open-source scripts. How to Use This Indicator Apply the Indicator: Add it to your TradingView chart from the library. Configure Settings: Use the intuitive settings panel to adjust plotted levels, colors, styles, and visibility. Tailor the indicator to your trading strategy. Incorporate into Analysis: Combine the plotted levels with your preferred trading approach to identify liquidity zones, establish market bias, and pinpoint potential reversals or entries. Stay Focused: With all key levels automated and updated in real time, traders can focus on execution rather than manual plotting. Originality and Justification for Closed Source This script is closed-source due to its unique combination of features and proprietary logic that automates complex trading concepts like the ICT 50% range line and session-specific levels. Open-source alternatives lack this level of integration and customization, making this indicator a valuable and original contribution to the TradingView ecosystem. What Sets It Apart from Open-Source Scripts? Unlike open-source tools, this indicator doesn’t just replicate individual features—it enhances and integrates them into a seamless, all-in-one solution that offers traders a more efficient and effective way to analyze the market.
Pine Script® indicator
من ‎VentureTrading_‎
Business Cycle Indicators (Normalized)This script aggregates and normalizes several key economic indicators to provide a comprehensive view of the business cycle and overall market conditions. By combining these indicators into a single, normalized average line, the script helps identify overarching trends and shifts in the economy, aiding in more informed trading and investment decisions. Included Indicators: Inverted National Financial Conditions Index (NFCI): Symbol: FRED:NFCI Measures financial stress in the markets. An inverted NFCI aligns higher values with positive financial conditions. Inverted Net Percentage of Banks Tightening Lending Standards (DRTSCIS): Symbol: FRED:DRTSCIS Reflects changes in bank lending practices. Inverting this indicator means higher values indicate easing lending standards, which is generally positive for economic growth. HYG Close Price (iShares High Yield Corporate Bond ETF): Symbol: AMEX:HYG Represents the performance of high-yield corporate bonds, providing insight into credit market conditions. Inverted High-Yield Credit Spread (BAMLH0A0HYM2): Symbol: FRED:BAMLH0A0HYM2 Measures the spread between high-yield bonds and risk-free securities. A narrower (inverted) spread indicates better market conditions. Manufacturing/Non-Manufacturing New Orders Ratio: Symbols: ECONOMICS:USMNO (Manufacturing), ECONOMICS:USNMNO (Non-Manufacturing) Compares manufacturing to non-manufacturing new orders to gauge shifts in economic activity. US PMI (Purchasing Managers' Index): Symbol: ECONOMICS:USBCOI An indicator of the economic health of the manufacturing sector. 10-Year Inflation Breakeven (T10YIE): Symbol: FRED:T10YIE Represents market expectations of inflation over the next ten years. Inverted 10-Year Real Yield (DFII10): Symbol: FRED:DFII10 Reflects the real yield on 10-year Treasury Inflation-Protected Securities (TIPS). Inverted to align higher values with positive economic sentiment. Copper/Gold Ratio: Symbols: CAPITALCOM:COPPER (Copper), TVC:GOLD (Gold) Compares the prices of copper and gold, often used as a barometer for global economic activity. Features: Normalized Indicators: Each indicator is normalized to a 0-100 scale to facilitate direct comparison, regardless of their original units or scales. Normalized Average Line: Calculates and plots the average of all available normalized indicators, providing a single line that represents the combined economic signals. Customizable Display: Show Individual Indicators: Option to display individual normalized indicators for detailed analysis. Show Normalized Average Line: Option to display the normalized average line for a consolidated view. Dynamic Labeling: Displays the latest value of the normalized average directly on the chart for quick reference. How to Use: Adding the Script: Apply the script to a chart in TradingView using a timeframe that aligns with the frequency of the economic data (daily or weekly recommended). Customization: Show Normalized Average Line: Enabled by default to display the combined indicator. Show Individual Indicators: Enable this option in the script settings to display all individual normalized indicators. Interpretation: Normalized Scale (0-100): Higher values generally indicate stronger economic conditions, while lower values may suggest weakening conditions. Trend Analysis: Use the normalized average line to identify trends and potential turning points in the business cycle. Notes: Data Availability: Ensure you have access to all the data sources used in the script. Some data feeds may require specific TradingView subscriptions. Indicator Limitations: Economic indicators are subject to revisions and may not reflect real-time market conditions. No Investment Advice: This script is a tool for analysis and should not be considered as financial advice. Always conduct your own research before making investment decisions.
Pine Script® indicator
من ‎aussiemcbull‎
1
Advanced Volume-Driven Breakout SignalsThe "Advanced Volume-Driven Breakout Signals" indicator is a cutting-edge tool designed to help traders identify high-potential trading opportunities through sophisticated volume analysis techniques. This indicator integrates volume flow analysis, moving averages, and Relative Volume (RVOL) to provide a comprehensive view of market conditions, going beyond traditional Volume Spread Analysis (VSA) methods. Key Features: Volume Flow Analysis: Distinguishes bullish and bearish volume flows with distinct colors, making it easier to visualize market sentiment and potential breakout points. Volume Flow Moving Averages: Calculates moving averages for volume using various methods (SMA, EMA, WMA, HMA, VWMA), accommodating different trading strategies. This includes settings for adjusting the type of moving average and its period, as well as thresholds for high, medium, and low volume levels. Volume Spikes Detection: Identifies significant volume spikes based on user-defined multipliers and moving averages, highlighting unusual trading activity. Volume MA Cloud Settings: Computes general moving averages of volume to track trends and detect deviations. This feature includes options to select different moving average types and adjust thresholds for detecting high volume activity. Relative Volume (RVOL): Measures current volume relative to historical averages, triggering signals when RVOL exceeds predefined thresholds, indicating notable changes in trading activity. Entry Conditions: Provides clear long and short entry signals based on combined volume flow conditions and RVOL, offering actionable trading opportunities. Volume Visualization: — Bullish Volume Flow: Light and dark green bars indicate bullish volume flow. — Bearish Volume Flow: Light and dark red bars denote bearish volume flow. — High Volume Bars: Highlighted in yellow, and extreme volume bars in orange for additional context. These bars are plotted for visual aid and do not directly influence trade signals, focusing instead on the quality and strength of the volume flow. Alerts: Allows users to create alert notifications for long and short entry signals when the criteria are met, enabling traders to respond promptly to trading opportunities. Usage: Overlay: Apply the indicator directly to your price chart to visualise real-time signals and volume conditions. Customisable: Adjust settings for moving averages, RVOL, and other parameters to match your trading strategy and preferences. Comparison to VSA Scripts: The "Advanced Volume-Driven Breakout Signals" indicator extends beyond traditional VSA scripts by incorporating a wider range of analytical features. While VSA primarily focuses on volume spread patterns and price action, this indicator offers enhanced functionality with advanced RVOL metrics, customizable moving averages, and detailed volume spike detection, making it a more versatile tool for identifying breakout opportunities and managing trades. It is particularly effective when used alongside key levels and order blocks. Acknowledgements: Special thanks to @oh92 and @goofoffgoose for their invaluable scripts, which served as inspiration in the development of this advanced trading indicator. Notes: The script is continually evolving, with ongoing refinements aimed at enhancing accuracy and performance.
Pine Script® indicator
من ‎VolumeVigilante‎
[SGM GARCH Volatility]I'm excited to share with you a Pine Script™ that I developed to analyze GARCH (Generalized Autoregressive Conditional Heteroskedasticity) volatility. This script allows you to calculate and plot GARCH volatility on TradingView. Let's see together how it works! Introduction Volatility is a key concept in finance that measures the variation in prices of a financial asset. The GARCH model is a statistical method that predicts future volatility based on past volatilities and prediction residuals (errors). Indicator settings We define several parameters for our indicator: length = input.int(20, title="Length") p = input.int(1, title="Lag order (p)") q = input.int(1, title="Degree of moving average (q)") cluster_value = input(0.2,title="cluster value") length: The period used for the calculations, default 20. p: The order of the delay for the GARCH model. q: The degree of the moving average for the GARCH model. cluster_value: A threshold value used to color the graph. Calculation of logarithmic returns We calculate logarithmic returns to capture price changes: logReturns = math.log(close) - math.log(close ) Initializing arrays We initialize arrays to store residuals and volatilities: var float residuals = array.new_float(length, 0) var float volatilities = array.new_float(length, 0) We add the new logarithmic returns to the tables and keep their size constant: array.unshift(residuals, logReturns) if (array.size(residuals) > length) array.pop(residuals) We then calculate the mean and variance of the residuals: meanResidual = array.avg(residuals) varianceResidual = array.stdev(residuals, meanResidual) volatility = math.sqrt(varianceResidual) We update the volatility table with the new value: array.unshift(volatilities, volatility) if (array.size(volatilities) > length) array.pop(volatilities) GARCH volatility is calculated from accumulated data: var float garchVolatility = na if (array.size(volatilities) >= length and array.size(residuals) >= length) alpha = 0.1 // Alpha coefficient beta = 0.85 // Beta coefficient omega = 0.01 // Omega constant sumVolatility = 0.0 for i = 0 to p-1 sumVolatility := sumVolatility + beta * math.pow(array.get(volatilities, i), 2) sumResiduals = 0.0 for j = 0 to q-1 sumResiduals := sumResiduals + alpha * math.pow(array.get(residuals, j), 2) garchVolatility := math.sqrt(omega + sumVolatility + sumResiduals) Plot GARCH volatility We finally plot the GARCH volatility on the chart and add horizontal lines for easier visual analysis: plt = plot(garchVolatility, title="GARCH Volatility", color=color.rgb(33, 149, 243, 100)) h1 = hline(0.1) h2 = plot(cluster_value) h3 = hline(0.3) colorGarch = garchVolatility > cluster_value ? color.red: color.green fill(plt, h2, color = colorGarch) colorGarch: Determines the fill color based on the comparison between garchVolatility and cluster_value. Using the script in your trading Incorporating this Pine Script™ into your trading strategy can provide you with a better understanding of market volatility and help you make more informed decisions. Here are some ways to use this script: Identification of periods of high volatility: When the GARCH volatility is greater than the cluster value (cluster_value), it indicates a period of high volatility. Traders can use this information to avoid taking large positions or to adjust their risk management strategies. Anticipation of price movements: An increase in volatility can often precede significant price movements. By monitoring GARCH volatility spikes, traders can prepare for potential market reversals or accelerations. Optimization of entry and exit points: By using GARCH volatility, traders can better identify favorable times to enter or exit a position. For example, entering a position when volatility begins to decrease after a peak can be an effective strategy. Adjustment of stops and objectives: Since volatility is an indicator of the magnitude of price fluctuations, traders can adjust their stop-loss and take-profit orders accordingly. Periods of high volatility may require wider stops to avoid being exited from a position prematurely. That's it for the detailed explanation of this Pine Script™ script. Don’t hesitate to use it, adapt it to your needs and share your feedback! Happy analysis and trading everyone!
Pine Script® indicator
من ‎Sigaud‎
2
Dynamic Cycle Oscillator [Quantigenics]This script is designed to navigate through the ebbs and flows of financial markets. At its core, this script is a sophisticated yet user-friendly tool that helps you identify potential market turning points and trend continuations. How It Works: The script operates by plotting two distinct lines and a central histogram that collectively form a band structure: a center line and two outer boundaries, indicating overbought and oversold conditions. The lines are calculated based on a blend of exponential moving averages, which are then refined by a root mean square (RMS) over a specified number of bars to establish the cyclic envelope. The input parameters: Fast and Slow Periods: These determine the sensitivity of the script. Shorter periods react quicker to price changes, while longer periods offer a smoother view. RMS Length: This parameter controls the range of the cyclic envelope, influencing the trigger levels for trading signals. Using the Script: On your chart, you’ll notice how the Dynamic Cycle Oscillator’s lines and histogram weave through the price action. Here’s how to interpret the movements. Breakouts and Continuations: Buy Signal: Consider a long position when the histogram crosses above the upper boundary. This suggests a possible strong bullish run. Sell Signal: Consider a short position when the histogram crosses below the lower boundary. This suggests a possible strong bearish run. Reversals: Buy Signal: Consider a long position when the histogram crosses above the lower boundary. This suggests an oversold market turning bullish. Sell Signal: Consider a short position when the histogram crosses below the upper boundary. This implies an overbought market turning bearish. The script’s real-time analysis can serve as a robust addition to your trading strategy, offering clarity in choppy markets and an edge in trend-following systems. Thanks! Hope you enjoy!
Pine Script® indicator
من ‎Quantigenics‎
Triple MA HTF Indicator - Dynamic SmoothingThe indicator version of the "Triple MA HTF Strategy - Dynamic Smoothing" strategy script. In summary the indicator consist of 3 higher time frame moving averages. In which the highest timeframe is used for confirmation on the trend (filter). Moving average 1 and 2 are used to enter and exit the trade (crossover / crossunder). The main principle is to detect momentum when the faster MA 1 crosses the slower MA 2 and only trade with the trend (MA3). The dynamic smoothing in the code makes the indicator suitable to trade on lower tramecharts. The indicator script comes with the following features: options for different types of MA. options to choose from different timeframes & select # bars of that timeframe to calculate the MA value. visualizations of the MA using Dynamic Smoothing calculations on lower timecharts. Note that the chart opened should be lower than the selected timeframes in the configurations. Alerts for entry long, shorts and exits. For more details on the script and possibility for backtesting the Triple MA HTF indicator I refer to my earlier published strategy script:
Pine Script® indicator
من ‎Harrocop‎
Buy Sell Volume SeparateDescription: The script is designed to provide traders with a unique and comprehensive analysis of trading volume dynamics. Unlike existing scripts, the script offers a distinct advantage by presenting both buy and sell volumes on separate scales, simplifying trading decisions. Key Features: 1. Dual Volume Scales: The script provides two separate volume scales, one for buy volumes and another for sell volumes. This separation allows to easily distinguish between buying and selling pressure, aiding in more precise trade entries and exits. 2. Clear and Intuitive Chart: The script ensures that the chart it generates is clean and easy to understand. The buy and sell volumes are color-coded for clarity, and you can quickly identify significant volume spikes and trends. How to Use: 1. Adding the Script: To use the script, simply add it to your TradingView chart. 2. Interpreting Buy and Sell Volumes: On the chart, you will see two separate volume scales—one for buy volumes and one for sell volumes. Green bars represent buying pressure, while red bars indicate selling pressure. Pay attention to the relative strengths and patterns of these bars to gauge market sentiment. 3. Informed Trading Decisions: Armed with insights into both buy and sell volumes, you can make more informed trading decisions. Look for divergences, patterns, or significant volume spikes to identify potential entry and exit points.
Pine Script® indicator
من ‎fatality14nik‎
9