My HL2MA is a 'proprietary' formula based on the idea that I never again want to see a jagged average line. I released a version of this a long time ago, but I wanted to update it to how I have it on my charts in other platforms. Here are some notes about this moving average script: The default input value is 5, and I suggest the range of use 4-6 with the...
™TradeChartist Drifter Lite is an adeptly designed, functional and a visual indicator that plots trend-following Auto-Fibs , based on user defined lookback length, and includes the Ichimoku Cloud to help visualize the Price action in relation to the Support and Resistance limits of the Auto-Fibs. What are the Drifter limits and Drifter Auto-fibs based on? ...
This is a simple addition to the built in Bollinger Bands script. All it does is replaces the traditional plotting of Bollinger Bands with color bars.
A simple code to plot Hull MA with colour coding of plot fill and price bars based on strength.
This indicator colors the volume bars and candles according to the volume traded. The calculation of the heat map zones is done as follows: how many standard deviations the volume are distant from the average volume? For a better visual experience, place the borders and wicks of the candles in a neutral color.
™TradeChartist Spotter is a extremely well designed Trader's toolkit that packs a range of trading indicators like MACD, RSI, MA/MA-Crosses and Price-Volume Trend Oscillator, along with visual trade spotting tools like Symbol Tracker, MACD Trend Shadow plot and Coloured Bars, including a handy information...
™TradeChartist Simple RSI Spotter is an elegant version of the classic RSI indicator and helps spot price trends using visually engaging and appealing RSI plot and background. The Bull and the Bear background fills are highly useful for traders who like to visually understand areas of entry and exit based on RSI...
The Average Directional Index (ADX) is a technical analysis indicator used to determine price trend and price strength by comparing current price to recent price history. The price trend can be either up or down(bullish/bearish), and this is shown by two accompanying indicators, the Negative Directional Indicator (-DI, purple line) and the Positive Directional...
™TradeChartist Chameleon is an exceptionally beautiful trend following indicator (visualised using Chameleon plot) based on Momentum and Volatility using User input of Chameleon Mode and Risk factor (ATR multiple) to generate Trade Opportunities. =================================================================================================================== ...
This script can display a lot of different volume statistics. It also colours bars depending on a chosen, customisable criterion. Most options are disabled by default and can be reenabled in the settings menu. FAQ Why are the bars slightly higher than the default volume bars? Due to the limitations of Pinescript. What are the two last values (including the...
Candles get darker when volume is high, and brighter when volume is low. They are red or green depending on whether the RSI is above or below a threshold value, or alternatively you can pick a more vanilla coloring based on current close vs last close or last open. For personal use as I enjoy the aesthetics of it. The more solid RSI coloring helps highlight the...
™TradeChartist Plug and Trade is an extremely useful indicator that can be connected to almost any Study script (not a Strategy) on Trading View (with an Oscillatory or Non-Oscillatory Signal plot) to generate Trade Signals with Stop Loss plot, user set or automatic Target plots and create Alerts based on Past Performance, determined by Past Gains/Drawdowns for...
Hello traders Hope you're all doing well This script is a generic cloud generator using a pre-selected set of moving averages (I probably forgot a lot but listed all the ones I used at least once). A cloud is a visual representation of the gap between two moving averages - it shows right away how big in that gap (=how far they are from each other) The challenge...
It is common knowledge that most traders lose money by leaving trends too early and not letting profits run. Chop Filter attempts to paint over wrong-colored candles which might psychologically cause traders to bail off the trend. It also tries to detect potential trend reversals (experimental). How it works. Chop Filter highlights wicks with a shaded background...
SMA 200 determines the trend Bullish trend, green candles. Down trend, red candles. If the market value is narrow to the SMA200 channel, yellow candles. Setting recommended for SMA Range BTCUSD = 100 EURUSD = 1000 SPX = 100 ETHUSD = 10
Hello traders With this fabulous script, you can color the candles based on the indicator and timeframe you want You can only apply one indicator at a given time obviously The list of indicators are the following: - Price vs Moving Average : if price is above, bullish color, if price is below, bearish color - Trend Signal : if the Trend signal is pointing...
>> This script is purely based on Commodity Channel Index (CCI) with multiple CCI instances being used within one oscillator. >> User can use as much as 5 CCI instances/plot within one oscillator. > How to use : 1. When Bullish : Whenever CCI length 14 crosses above -100(negative 100) that means bullish momentum is supported. Best...