Trend following algorithm: We take 1- 5 Fibonacci Ema values. 21, 34, 55, 89, 144 2- We normalize the changes of these values over time between 1-100. 3- We take the ema value of 1 length so that it does not follow a horizontal course after the normalization process. 4- In order not to experience too much change, we take the value of sma with a length of 5. 5-We...
Fɪʙᴏɴᴀᴄᴄɪ Exᴛᴇɴᴛɪᴏɴ / Rᴇᴛʀᴀᴄᴍᴇɴᴛ / Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ This study combines various Fibonacci concepts into one, and some basic volume and volatility indications █ Pɪᴠᴏᴛ Pᴏɪɴᴛꜱ — is a technical indicator that is used to determine the levels at which price may face support or resistance. The Pivot Points indicator consists of a pivot point (PP) level and several...
Introducing the Robust Channel indicator. This indicator is based on a remarkable property of robust statistics , namely, the resistance to the presence of data points that deviate significantly from the established trend (generally speaking, outliers ). Being outlier-resistant, the Robust Channel indicator “remembers” a pre-existing trend and thus exhibits...
Maximum Drawdown and Maximum Relative Drawdown% calculating functions. I needed a way to calculate the maxDD% of a serie of datas from an array (the different values of my balance account). I didn't find any builtin pinescript way to do it, so here it is. There are 2 algorithms to calculate maxDD and relative maxDD%, one non optimized needs n*(n - 1)/2...
This is an experimental study designed to reverse engineer price levels from centered oscillators at user defined sample rates. This study aims to educate users on the process of oscillator reverse engineering, and to give users an alternative perspective on some of the most commonly used oscillators in the trading game. Reverse engineering price levels from an...
Trend trading algorithms fail in ranging market and Swing trading algorithm fail in trending market. Purpose of this indicator is to identify if the instrument is trending or ranging so that you can apply appropriate trading algorithm for the market. Process: ATR is calculated based on the input parameter atrLength Range/Channel containing upLine and...
The purpose of this indicator is to provide an easy-to-read binary dashboard of where the current price is relative to key dynamic supports and resistances. The concept is simple, if a dynamic s/r is currently acting as a resistance, the indicator plots a dot above the histogram in the red box. If a dynamic s/r is acting as support, a dot is plotted in the green...
This is an experimental study that calculates filter values at user defined sample rates. This study is aimed to provide users with alternative functions for filtering price at custom sample rates. First, source data is resampled using the desired rate and cycle offset. The highest possible rate is 1 bar per sample (BPS). There are three resampling methods to...
This is live and non-repainting Renko RSI tool. The tool has it’s own engine and not using integrated function of Trading View. Renko charts ignore time and focus solely on price changes that meet a minimum requirement. Time is not a factor on Renko chart but as you can see with this script Renko RSI created on time chart. Renko chart provide several...
This is a different type of bands. I modified Alex Pierrefeu Recursive Bands algo. It is a smoothed version of Alex's algo and imo it suites better for heikin ashi candles but it works well with regular candles. How to use it: When price hugs the upper band. It is a potential long and when price hugs the lower band it is a potential short. Credits to Alex...
Este Indicador ya no consiste en líneas móviles que se cruzan para dar señales de entrada o salida, si no que va más allá e interpreta gráficamente lo que está sucediendo con el valor. Es un algoritmo potente, que incluye 4 indicadores de tendencia y 2 indicadores de volumen. Con este indicador podemos movernos con las "manos fuertes" del mercado, rastrear sus...
ACCUMULATION/DISTRIBUTION ADAPTIVE MOVING AVERAGE with FRACTAL DEVIATION BANDS Ver. 2.5 @ 16.09.2015 By Ricardo M Arjona @XeL_Arjona DISCLAIMER: The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own...
The ICT IPDA Liquidity Matrix by AlgoCados is a sophisticated trading tool that integrates the principles of the Interbank Price Delivery Algorithm (IPDA), as taught by The Inner Circle Trader (ICT). This indicator is meticulously designed to support traders in identifying key institutional levels and liquidity zones, enhancing their trading strategies with...
Gaussian Price Filter Overview and History of the Gaussian Transformation The Gaussian transformation, often associated with the Gaussian (normal) distribution, is a mathematical function characteristically prominent in statistics and probability theory. The bell-shaped curve of the Gaussian function, expressing the normal distribution, is ubiquitously...
Momentum Ghost Machine (ChartPrime) is designed to be the next generation in momentum/rate of change analysis. This indicator utilizes the properties of one of our favorite filters to create a more accurate and stable momentum oscillator by using a high quality filtered delayed signal to do the momentum comparison. Traditional momentum/roc uses the raw price...
Kalman Price Filter The Kalman Filter, named after Rudolf E. Kálmán, is a algorithm used for estimating the state of a linear dynamic system from a series of noisy measurements. Originally developed for aerospace applications in the early 1960s, such as guiding Apollo spacecraft to the moon, it has since been applied across numerous fields including robotics,...
💎 GENERAL OVERVIEW Introducing our new Breaker Blocks Screener! This screener can provide information about the latest breaker blocks in up to 5 tickers. You can also customize the algorithm that finds the breaker blocks and the styling of the screener. Features of the new Breaker Blocks Screener : Find Latest Breaker Blocks Accross 5 Tickers Latest...
💎 GENERAL OVERVIEW Introducing our new Liquidity Grab Screener! This screener can provide information about the latest liquidity grabs in up to 5 tickers. You can also customize the algorithm that finds the liquidity grabs and the styling of the screener. Features of the new Liquidity Grab Screener : Find Latest Liquidity Grabs Accross 5 Tickers Price,...