This script looks for wave (solid line) that is in default longer than 3xADR and after that opposite wave (dotted line) in default longer than 1xADR. ADR is average daily range consisting of average of previous 5 days.
What do you think of Pine Script? Here's your chance to let off some steam if your frustrated with the limitations of Pine Script. This script stores a text string in a array. Unfortunately tradingview doesn't think anything useful can be done with strings. This is merely a demo of storing a string in an array. There currently seems to be no way to get an...
Trend Sentiment is a trend indicator with enhanced graphics, that is, it has many different shades of blue and red. The brighter the blue, the more bullish. The brighter the red, the more bearish. It is a simple indicator with a basic formula: a = close > prev.close? ---> If yes, a = 1, otherwise a = 0. b = sma of a over n periods -----1st parameter,...
Level: 2 Background Have you considered that factors outside the Earth will be related to macro market trends? Let’s discuss the relationship between the planetary movement in the Galaxy and the market movement on Earth today! Although I said that, you may have laughed out in front of the screen, but the calculations in this script are entirely based on...
With this you can add four different EMA in single indicator. You can also add different time frame EMA on different time frame charts. This will help you to check EMA crossovers.
Level: 1 Background The basic volume analysis is that buyers are in control when the price is increased. The purchase volume takes place at the offer price and represents the lowest advertised price at which sellers sell their shares. When someone buys shares at the current asking price, it shows that someone wants the shares and is included in the purchase...
Dear Followers, today I'm happy to share with you Altwalker V2 , an updated version of the former Altwalker for lower timeframes (from 5 minutes to 4 hours). It is both a Swing and Scalping Strategy indicator , based on a simple trend following theory , mainly designed for Cryptocurrencies, Altcoins and of course Bitcoin. Here you can see the Altwalker...
Plots 52 Weeks historical high and low with respect to each bar. Works on all timeframes - minute, days, weeks, months - and always plots 52 weeks historical high and low. The 52 weeks lookback window slides backwards as we plot for older / historical bars on the chart. Instead of 52 weeks, number of weeks to look back can be specified using 'No. of weeks to...
A simple script that shows the distance from a the mean, expressed as a percentage. Simple Moving Average, in this case. Informational only.