Sentiment Zone OscillatorHere's a (forgotten but still useful) Sentiment Zone Oscillator. The Sentiment Zone Oscillator takes a sum of positive price candles over a user-specified window length. Normally, a triple exponential moving average of the sum is used, but we opted to just go with a double EMA for the sake of more responsiveness. When the histogram is green it is bullish and red/pink means bears.
Configurations Baissières
Bilateral Stochastic Oscillator - For The Sake Of EfficiencyIntroduction
The stochastic oscillator is a feature scaling method commonly used in technical analysis, this method is the same as the running min-max normalization method except that the stochastic oscillator is in a range of (0,100) while min-max normalization is in a range of (0,1). The stochastic oscillator in itself is efficient since it tell's us when the price reached its highest/lowest or crossed this average, however there could be ways to further develop the stochastic oscillator, this is why i propose this new indicator that aim to show all the information a classical stochastic oscillator would give with some additional features.
Min-Max Derivation
The min-max normalization of the price is calculated as follow : (price - min)/(max - min) , this calculation is efficient but there is alternates forms such as :
price - (max - min) - min/(max - min)
This alternate form is the one i chosen to make the indicator except that both range (max - min) are smoothed with a simple moving average, there are also additional modifications that you can see on the code.
The Indicator
The indicator return two main lines, in blue the bull line who show the buying force and in red the bear line who show the selling force.
An orange line show the signal line who represent the moving average of the max(bull,bear), this line aim to show possible exit/reversals points for the current trend.
Length control the highest/lowest period as well as the smoothing amount, signal length control the moving average period of the signal line, the pre-filtering setting indicate which smoothing method will be used to smooth the input source before applying normalization.
The default pre-filtering method is the sma.
The ema method is slightly faster as you can see above.
The triangular moving average is the moving average of another moving average, the impulse response of this filter is a triangular function hence its name. This moving average is really smooth.
The lsma or least squares moving average is the fastest moving average used in this indicator, this filter try to best fit a linear function to the data in a certain window by using the least squares method.
No filtering will use the source price without prior smoothing for the indicator calculation.
Relationship With The Stochastic Oscillator
The crosses between the bull and bear line mean that the stochastic oscillator crossed the 50 level. When the Bull line is equal to 0 this mean that the stochastic oscillator is equal to 0 while a bear line equal to 0 mean a stochastic oscillator equal to 100.
The indicator and below a stochastic oscillator of both period 100
Using Levels
Unlike a stochastic oscillator who would clip at the 0 and 100 level the proposed indicator is not heavily constrained in a range like the stochastic oscillator, this mean that you can apply levels to trigger signals
Possible levels could be 1,2,3... even if the indicator rarely go over 3.
Its then possible to create strategies using such levels as support or resistance one.
Conclusion
I've showed a modified stochastic oscillator who aim to show additional information to the user while keeping all the information a classical stochastic oscillator would give. The proposed indicator is no longer constrained in an hard range and posses more liberty to exploit its scale which in return allow to create strategies based on levels.
For pinescript users what you can learn from this is that alternates forms of specific formulas can be extremely interesting to modify, changes can be really surprising so if you are feeling stuck, modifying alternates forms of know indicators can give great results, use tools such as sympy gamma to get alternates forms of formulas.
Thanks for reading !
If you are looking for something or just want to say thanks try to pm me :)
SMA 50 collectorHello traders
The SMA 50 is known to define a trend. If price is closing above, trend is bullish, if below, trend is bearish.
That's why I like to have all of them on my chart :)
Enjoy
David
24/9 EMA with Bias & SignalsThis is a simple indicator that plots the 24 & 9 EMAs.
It also highlights the potential bias of the market (bull or bear) based on if the 9 EMA is above or below the 24 EMA.
In addition there are signal crosses that you can use for alerts.
This indicator is best used to confirm a particular underlying bias on the 5m, 15M, 1HR, 4HR, and Daily timeframes.
It's important to note on lower timeframes that the bias can be counter trend bias of the overall larger momentum of the instrument you are trading.
For clarity this means that many retraces get going when the 9 crosses the 24. But ultimately the larger timeframe bias will continue after this counter trend retraces.
Combining this indicator with value channels and ATR is what I recommend.
Turbo TriggerSome Words
This indicator is a collaboration between me and Himeyuri, i encourage you to check her profile and follow her www.tradingview.com
Introduction
A lot of indicators include a "trigger" line, it can be a smoothed version of another input, in this case the trigger will generate signals from his crosses with the input. The purpose of this indicator is to provide a fast trigger line to generate earlier signals as well as avoiding some whipsaw.
The Indicator
There are two lines, a bull line (blue) and the trigger (orange) , when the trigger cross over the bull line a buy signal is generated, when the trigger cross under the bull line a sell signal is generated. The trigger is made from the smoothed difference between the bull and bear line.
smooth control the smoothness of the output. The Bull/Bear Mode is an idea proposed by Himeyuri that involve plotting the bear line instead of the trigger.
Bull/Bear Mode, the lines are somewhat asymmetrical from each others.
Conclusion
We have showcased a new indicator who use a really fast trigger line to generate earlier signals, if some are way to earlier you can still increase smooth in order to correct reactivity. I hope you find a use to it.
Thanks for reading !
A big thanks to Himeyuri who is a great student and great pinescripter.
Combo Strategy 123 Reversal & Bear Power This is combo strategies for get
a cumulative signal. Result signal will return 1 if two strategies
is long, -1 if all strategies is short and 0 if signals of strategies is not equal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
Bear Power Indicator
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
WARNING:
- For purpose educate only
- This script to change bars colors.
Bearish Candlestick PatternsDoji
Black Spinning Top
White Spinning Top
Bearish Abandoned Baby
Bearish Advance Block
Bearish Below The Stomach
Bearish Belt Hold
Bearish Breakaway
Bearish Counter Attack Lines
Bearish Dark Cloud Cover
Bearish Deliberation Blok
Bearish Descending Hawk
Bearish Doji Star
Bearish Downside Gap Three Methods
Bearish Downside Tasuki Gap
Bearish Dragonfly Doji
Bearish Engulfing
Bearish Evening Doji Star
Bearish Evening Star
Bearish Falling Three Methods
Bearish Falling Window
Bearish Gravestone Doji
Bearish Hanging Man
Bearish Harami
Bearish Harami Cross
Bearish Hook Reversal
Bearish Identical Three Crows
Bearish In Neck
Bearish Island Reversal
Bearish Kicking
Bearish Ladder Top
Bearish Last Engulfing Top
Bearish Low Price Gapping Play
Bearish Mat Hold
Bearish Matching High
Bearish Meeting Line
Bearish On Neck
Bearish One Black Crow
Bearish Separating Lines
Bearish Shooting Star
Bearish Side by side White Lines
Bearish Three Black Crows
Bearish Three Gap Up
Bearish Three Inside Down
Bearish Three Line Strike
Bearish Three Outside Down
Bearish Three Stars in the North
Bearish Thrusting Line During Dowtrend
Bearish Tower Top
Bearish Tristar
Bearish Tweezers Top
Bearish Two Black Gapping
Bearish Two Crows
Bearish Upside Gap Two Crows
EMA Rainbow by uykusuzpenguenTo Survive in Bear Markets or in Horizontal Markets;
EMA Rainbow ;
EMA Rainbow is a rainbow which is formed by multiplying the moving average by certain proportions and reflecting up and down on the ema200. According to the observations, dark green areas are strong buying areas, dark red areas are strong sales regions. Trading decisions can be made according to the line breaks or the regions in which the price movements. Rates can be edited in the settings section.
The graph shows reactions in dark green areas.
Ayı Piyasasında yada Yatay Piyasalarda hayatta kalmak için ;
EMA Rainbow ;
EMA200 hareketli ortalamanın belirli oranlarla çarpılarak ema200ün üstüne aşşağı ve yukarı yansıtılmasıyla oluşan gökkuşağıdır. Yapılan gözlemlere göre koyu yeşil bölgeler güçlü alım yerleri , koyu kırmızı bölgeler güçlü satış bölgeleridir. Çizgi kırılımlarına yada fiyatın gezindiği bölgelere göre alım satım kararı verilebilir. Oranlar ayarlar kısmından düzenlenebilir.
Grafikte koyu yeşil bölgelerdeki tepkiler gözlemlenebilir.
Bar PowerВысота столбцов характеризует силу (то, на сколько быки/медведи были активнее) сформированной свечи, а цвет - количество затраченной на это энергии (объем).
- Красный - маленький объем;
- Оранжевый - средний объем;
- Зеленый - высокий объем.
BH - Candlestick Pattern DetectionThis is a script to help the beginners locate the candle patterns. It has a nice code that can be used in other scripts too. Easy to use with separated functions, simple patterns and complex patterns detections.
I have done some updates at the Candlestick Patterns Identified script by @repo32. Was a good start of my ideia. Tks for sharing repo.
It will be always under constant development but I want to share this first version to know what can be done to get better, improve, get more desired patterns, know what are you guys using that could be helpful.
I still need to check if all patterns are correct.
Any comments, help and suggestions will be appreciated.
Marcos Issler @ Isslerman
Bitfinex Sentiment Index [Long-Short]BSI provides two attractive graphs that breakdown the long (green area) and short (red area) positions ratio for the all Bitfinex margin cryptocurrency pairs only .
It is a quantitative measure of the bullishness or bearishness that can be used as a trading rule or in a trading system entries or exits. Included slow stochastic oscillator.
Bearish Harami Copyright by HPotter 15/01/2019
This is a bearish reversal pattern formed by two candlesticks in which a short
real body is contained within the prior session's long real body. Usually the
second real body is the opposite color of the first real body. The Harami pattern
is the reverse of the Engulfing pattern.
WARNING:
- This script to change bars colors.
RepulseThis indicator was originally developed by Eric Lefort, a professional trader and author from France.
It gauges and displays the bullish or bearish pressure.
Like and follow for more open source indicators!
Happy Trading!
Balance of Power [Lake Oats] Balance of Power indicator - Useful tool for finding great Timing upon Entering Postions and Existing Postions, Also Useful for finding Normal and Hidden Divergences
Bearish Engulfing Strategy This is a bearish candlestick reversal pattern formed by two candlesticks.
Following an uptrend, the first candlestick is a up candlestick which is
followed by a down candlestick which has a long real body that engulfs or
contains the real body of the prior bar. The Engulfing pattern is the reverse
of the Harami pattern.
WARNING:
- This script to change bars colors.
T3DMA Trend DirectionI am using T3 moving averages to generate the idea of what kind of bias I should take in a current market.
So, how does this works?
When the close is higher than T3EMA10, the trend direction is upwards,
When the close is lower than T3EMA10, the trend direction is downward.
Using this, we can assume that there is higher probability for market to continue it's trend up or down, hence trade only in that direction. T3EMA5 is used to exit any open positions before trend changes it's direction.
Have a nice day trading and enjoy.
CCI AnalysesThis script analyses the CCI indicator values, showing when a fall in price or a rise in price may happen, or when the CCI is confirming the trend.
The user can personalize:
The period to be used and the range of the CCI bands ( by default)
The slow SMA period to be used and the price percentage variation to react for bullish/bearish
Consecutive number of bullish/bearish in order to consider the CCI as a trend confirmation rather than a price reversal
Bearish CandlesPlots 6 different kinds of bearish candlesticks. I started with HPotter's previous work, added 4 other types of bearish Candlesticks and bunched them in one indicator.
CMYK VRMI◊ Introduction
This script indicates the relative movement of price x volume.
◊ Origin
Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother. The input has been changed to the change of a smoothed close multiplied by a smoothed volume.
The polarity of VRMI indicates bearish/bullish movement.
◊ Adjustments
CMYK color theme applied.
◊ Usage
VRMI indicates the force the market moves with.
◊ Future Prospects
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CMYK VRMI RAYS ◊ Introduction
Introducing VRMI in this script, an RMI based on price movement and volume, to indicate bullish and bearish trends.
This script marks the background depending on RMI <> VRMI , VRMI polarity and large buy/sell sprees.
◊ Origin
Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother.
In addition VRMI reacts quick, it is used to cut off latency from RMI, and it's polarity indicates the beginning and end of a trend.
Large buy sell sprees and detected in their proportion with an sma on the volume
◊ Adjustments
CMYK color theme applied.
◊ Usage
This indicator can be used to detect trends and mark reversals.
◊ Prospects
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Bearish Engulfing StrictMost of the engulfing indicators i tried seemed to only look at the candle bodies which i didnt like. This one takes into account the highs and lows as well. You get less signals but each one seem to be more reliable.