Commencez

Indicateur Zig Zag

Segment RegressionAs an example of the descriptive power of Pine Script, this very short example traces a 'segment regression', a result not entirely obvious with so few lines of code, repositioning them when the previous inference moves away from the graph beyond the pre-set limit. A trick used is to restart the new inference segment - from the maximum reached in the previous trend, when positive (slope>0) - from the minimum reached in the previous trend, when negative (slope<0) The result can in my opinion be easily used to build strategies.
Indicateur Pine Script®
par federicosimoncini62
Triad Trade MatrixOverview Triad Trade Matrix is an advanced multi-strategy indicator built using Pine Script v5. It is designed to simultaneously track and display key trading metrics for three distinct trading styles on a single chart: Swing Trading (Swing Supreme): This mode captures longer-term trends and is designed for trades that typically span several days. It uses customizable depth and deviation parameters to determine swing signals. Day Trading (Day Blaze): This mode focuses on intraday price movements. It generates signals that are intended to be executed within a single trading session. The parameters for depth and deviation are tuned to capture more frequent, shorter-term moves. Scalping (Scalp Surge): This mode is designed for very short-term trades where quick entries and exits are key. It uses more sensitive parameters to detect rapid price movements suitable for scalping strategies. Each trading style is represented by its own merged table that displays real-time metrics. The tables update automatically as new trading signals are generated. Key Features Multi-Style Tracking: Swing Supreme (Large): For swing trading; uses a purple theme. Day Blaze (Medium): For day trading; uses an orange theme. Scalp Surge (Small): For scalping; uses a green theme. Real-Time Metrics: Each table displays key trade metrics including: Entry Price: The price at which the trade was entered. Exit Price: The price at which the previous trade was exited. Position Size: Calculated as the account size divided by the entry price. Direction: Indicates whether the trade is “Up” (long) or “Down” (short). Time: The time when the trade was executed (formatted to hours and minutes). Wins/Losses: The cumulative number of winning and losing trades. Current Price & PnL: The current price on the chart and the profit/loss computed relative to the entry price. Duration: The number of bars that the trade has been open. History Column: A merged summary column that shows the most recent trade’s details (entry, exit, and result). Customizability: Column Visibility: Users can toggle individual columns (Ticker, Timeframe, Entry, Exit, etc.) on or off according to their preference. Appearance Settings: You can customize the table border width, frame color, header background, and text colors. History Toggle: The merged history column can be enabled or disabled. Chart Markers: There is an option to show or hide chart markers (labels and lines) that indicate trade entries and exits on the chart. Trade History Management: The indicator maintains a rolling history (up to three recent trades per trading style) and displays the latest summary in the merged table. This history column provides a quick reference to recent performance. How It Works Signal Generation & Trade Metrics Trade Entry/Exit Calculation: For each trading style, the indicator uses built-in functions (such as ta.lowestbars and ta.highestbars) to analyze price movements. Based on a customizable "depth" and "deviation" parameter, it determines the point of entry for a trade. Swing Supreme: Uses larger depth/deviation values to capture swing trends. Day Blaze: Uses intermediate values for intraday moves. Scalp Surge: Uses tighter parameters to pick up rapid price changes. Metrics Update: When a new trade signal is generated (i.e., when the trade entry price is updated), the indicator calculates: The current PnL as the difference between the current price and the entry price (or vice versa, depending on the trade direction). The duration as the number of bars since the trade was opened. The position size using the formula: accountSize / entryPrice. History Recording: Each time a new trade is triggered (i.e., when the entry price is updated), a summary string is created (showing entry, exit, and win/loss status) and appended to the corresponding trade history array. The merged table then displays the latest summary from this history. Table Display Merged Table Structure: Each trading style (Swing Supreme, Day Blaze, and Scalp Surge) is represented by a table that has 15 columns. The columns are: Trade Type (e.g., Swing Supreme) Ticker Timeframe Entry Price Exit Price Position Size Direction Time of Entry Account Size Wins Losses Current Price Current PnL Duration (in bars) History (the latest trade summary) User Customization: Through the settings panel, users can choose which columns to display. If a column is toggled off, its cells will remain blank, allowing traders to focus on the metrics that matter most to them. Appearance & Themes: The table headers and cell backgrounds are customizable via color inputs. The trading style names are color-coded: Swing Supreme (Large): Uses a purple theme. Day Blaze (Medium): Uses an orange theme. Scalp Surge (Small): Uses a green theme. How to Use the Indicator Add the Indicator to Your Chart: Once published, add "Triad Trade Matrix" to your TradingView chart. Configure the Settings: Adjust the Account Size to match your trading capital. Use the Depth and Deviation inputs for each trading style to fine-tune the signal sensitivity. Toggle the Chart Markers on if you want visual entry/exit markers on the chart. Customize which columns are visible via the column visibility toggles. Enable or disable the History Column to show the merged trade history in the table. Adjust the appearance settings (colors, border width, etc.) to suit your chart background and preferences. Interpret the Tables: Swing Supreme: This table shows metrics for swing trades. Look for changes in entry price, PnL, and trade duration to monitor longer-term moves. Day Blaze: This table tracks day trading activity.It will update more frequently, reflecting intraday trends. Scalp Surge: This table is dedicated to scalping signals.Use it to see quick entry/exit data and rapid profit/loss changes. The History column (if enabled) gives you a snapshot of the most recent trade (e.g., "E:123.45 X:124.00 Up Win"). Use allerts: The indicator includes alert condition for new trade entries(both long and short)for each trading style. Summary: Triad Trade Matrix provides an robust,multi-dimensional view of your trading performance across swing trading, day trading, and scalping. Best to be used whith my other indicators True low high Vma Ext_Adv_CustomTbl This indicator is ideal for traders who wish to monitor multiple trading styles simultaneously, with a clear, technical, and real-time display of performance metrics. Happy Trading!
Indicateur Pine Script®
par UnknownUnicorn18653794
3
Market Structure HH, HL, LH and LLMarket Structure Indicator (HH, HL, LH, LL) – Explanation and Usage Overview: This indicator is designed to detect and visualize market structure shifts by identifying Higher Highs (HH), Higher Lows (HL), Lower Highs (LH), and Lower Lows (LL). It plots a ZigZag structure to mark trend changes, helping traders analyze price swings and market direction. Indicator Logic: The indicator operates based on ZigZag swing points to define trend shifts and structure changes. Identifying Market Swings: It finds local highs and lows using the ZigZag Length (zigzag_len), which defines how many bars back to check for a new swing high/low. If the current high is the highest over zigzag_len periods, it marks it as a swing high. If the current low is the lowest over zigzag_len periods, it marks it as a swing low. Determining Market Structure: Uptrend: Higher Highs (HH) & Higher Lows (HL) Downtrend: Lower Lows (LL) & Lower Highs (LH) The script continuously tracks the last two highs (h0, h1) and last two lows (l0, l1) to classify the current market structure. Visual Elements: ZigZag Line (Optional): Connects major swing highs and lows for trend visualization. Labels (HH, HL, LH, LL): HH (Higher High) – Price is making new highs → Uptrend Continuation. HL (Higher Low) – Price forms a higher bottom → Uptrend Confirmation. LL (Lower Low) – Price is making new lows → Downtrend Continuation. LH (Lower High) – Price forms a lower top → Downtrend Confirmation. Breakout Confirmation with Fibonacci Factor (Optional) The indicator includes an option to confirm breakouts using the fib_factor, which ensures price moves beyond a certain retracement level. How to Use This Indicator in Trading: 1. Identifying Trends & Trend Reversals Uptrend: Look for a sequence of HH and HL. Downtrend: Look for a sequence of LL and LH. Trend Reversal: If price transitions from HH-HL to LH-LL, it signals a shift from an uptrend to a downtrend (and vice versa). 2. Confirming Entry & Exit Points Buy Entry (Long Position) Enter after a Higher Low (HL) is confirmed in an uptrend. Combine with support zones or moving averages for confirmation. Sell Entry (Short Position) Enter after a Lower High (LH) is confirmed in a downtrend. Combine with resistance zones or moving averages for confirmation. Exit Strategy Exit long trades when price fails to make a HH and forms an LH instead. Exit short trades when price fails to make a LL and forms an HL instead. 3. Spotting Breakouts & Order Blocks The Fib Factor setting allows traders to filter false breakouts by confirming price movement beyond a retracement threshold. Potential Order Blocks can be identified by looking at the last major swing point before a breakout. Benefits of This Indicator for Traders ✅ Trend Identification: Helps traders quickly determine if the market is in an uptrend or downtrend. ✅ Clear Market Structure Labels: Easily visualizes Higher Highs, Higher Lows, Lower Highs, and Lower Lows. ✅ Avoids Noise: The ZigZag algorithm removes small fluctuations and focuses on significant market movements. ✅ Assists with Entry & Exit Decisions: Provides objective signals for trend continuation or reversals. ✅ Works in All Markets: Useful for stocks, forex, crypto, and futures trading. Would you like me to add additional features like Order Blocks, Breakout Confirmation, or Alerts to improve this indicator? 🚀
Indicateur Pine Script®
par sufiyan1611
16
PIP Algorithm # **Script Overview (For Non-Coders)** 1. **Purpose** - The script tries to capture the essential “shape” of price movement by selecting a limited number of “key points” (anchors) from the latest bars. - After selecting these anchors, it draws straight lines between them, effectively simplifying the price chart into a smaller set of points without losing major swings. 2. **How It Works, Step by Step** 1. We look back a certain number of bars (e.g., 50). 2. We start by drawing a straight line from the **oldest** bar in that range to the **newest** bar—just two points. 3. Next, we find the bar whose price is *farthest away* from that straight line. That becomes a new anchor point. 4. We “snap” (pin) the line to go exactly through that new anchor. Then we re-draw (re-interpolate) the entire line from the first anchor to the last, in segments. 5. We repeat the process (adding more anchors) until we reach the desired number of points. Each time, we choose the biggest gap between our line and the actual price, then re-draw the entire shape. 6. Finally, we connect these anchors on the chart with red lines, visually simplifying the price curve. 3. **Why It’s Useful** - It highlights the most *important* bends or swings in the price over the chosen window. - Instead of plotting every single bar, it condenses the information down to the “key turning points.” 4. **Key Takeaway** - You’ll see a small number of red line segments connecting the **most significant** points in the price data. - This is especially helpful if you want a simplified view of recent price action without minor fluctuations. ## **Detailed Logic Explanation** # **Script Breakdown (For Coders)** //@version=5 indicator(title="PIP Algorithm", overlay=true) // 1. Inputs length = input.int(50, title="Lookback Length") num_points = input.int(5, title="Number of PIP Points (≥ 3)") // 2. Helper Functions // --------------------------------------------------------------------- // reInterpSubrange(...): // Given two “anchor” indices in `linesArr`, linearly interpolate // the array values in between so that the subrange forms a straight line // from linesArr to linesArr . reInterpSubrange(linesArr, segmentLeft, segmentRight) => float leftVal = array.get(linesArr, segmentLeft) float rightVal = array.get(linesArr, segmentRight) int segmentLen = segmentRight - segmentLeft if segmentLen > 1 for i = segmentLeft + 1 to segmentRight - 1 float ratio = (i - segmentLeft) / segmentLen float interpVal = leftVal + (rightVal - leftVal) * ratio array.set(linesArr, i, interpVal) // reInterpolateAllSegments(...): // For the entire “linesArr,” re-interpolate each subrange between // consecutive breakpoints in `lineBreaksArr`. // This ensures the line is globally correct after each new anchor insertion. reInterpolateAllSegments(linesArr, lineBreaksArr) => array.sort(lineBreaksArr, order.asc) for i = 0 to array.size(lineBreaksArr) - 2 int leftEdge = array.get(lineBreaksArr, i) int rightEdge = array.get(lineBreaksArr, i + 1) reInterpSubrange(linesArr, leftEdge, rightEdge) // getMaxDistanceIndex(...): // Return the index (bar) that is farthest from the current “linesArr.” // We skip any indices already in `lineBreaksArr`. getMaxDistanceIndex(linesArr, closeArr, lineBreaksArr) => float maxDist = -1.0 int maxIdx = -1 int sizeData = array.size(linesArr) for i = 1 to sizeData - 2 bool isBreak = false for b = 0 to array.size(lineBreaksArr) - 1 if i == array.get(lineBreaksArr, b) isBreak := true break if not isBreak float dist = math.abs(array.get(linesArr, i) - array.get(closeArr, i)) if dist > maxDist maxDist := dist maxIdx := i maxIdx // snapAndReinterpolate(...): // "Snap" a chosen index to its actual close price, then re-interpolate the entire line again. snapAndReinterpolate(linesArr, closeArr, lineBreaksArr, idxToSnap) => if idxToSnap >= 0 float snapVal = array.get(closeArr, idxToSnap) array.set(linesArr, idxToSnap, snapVal) reInterpolateAllSegments(linesArr, lineBreaksArr) // 3. Global Arrays and Flags // --------------------------------------------------------------------- // We store final data globally, then use them outside the barstate.islast scope to draw lines. var float finalCloseData = array.new_float() var float finalLines = array.new_float() var int finalLineBreaks = array.new_int() var bool didCompute = false var line pipLines = array.new_line() // 4. Main Logic (Runs Once at the End of the Current Bar) // --------------------------------------------------------------------- if barstate.islast // A) Prepare closeData in forward order (index 0 = oldest bar, index length-1 = newest) float closeData = array.new_float() for i = 0 to length - 1 array.push(closeData, close ) // B) Initialize linesArr with a simple linear interpolation from the first to the last point float linesArr = array.new_float() float firstClose = array.get(closeData, 0) float lastClose = array.get(closeData, length - 1) for i = 0 to length - 1 float ratio = (length > 1) ? (i / float(length - 1)) : 0.0 float val = firstClose + (lastClose - firstClose) * ratio array.push(linesArr, val) // C) Initialize lineBreaks with two anchors: 0 (oldest) and length-1 (newest) int lineBreaks = array.new_int() array.push(lineBreaks, 0) array.push(lineBreaks, length - 1) // D) Iteratively insert new breakpoints, always re-interpolating globally int iterationsNeeded = math.max(num_points - 2, 0) for _iteration = 1 to iterationsNeeded // 1) Re-interpolate entire shape, so it's globally up to date reInterpolateAllSegments(linesArr, lineBreaks) // 2) Find the bar with the largest vertical distance to this line int maxDistIdx = getMaxDistanceIndex(linesArr, closeData, lineBreaks) if maxDistIdx == -1 break // 3) Insert that bar index into lineBreaks and snap it array.push(lineBreaks, maxDistIdx) array.sort(lineBreaks, order.asc) snapAndReinterpolate(linesArr, closeData, lineBreaks, maxDistIdx) // E) Save results into global arrays for line drawing outside barstate.islast array.clear(finalCloseData) array.clear(finalLines) array.clear(finalLineBreaks) for i = 0 to array.size(closeData) - 1 array.push(finalCloseData, array.get(closeData, i)) array.push(finalLines, array.get(linesArr, i)) for b = 0 to array.size(lineBreaks) - 1 array.push(finalLineBreaks, array.get(lineBreaks, b)) didCompute := true // 5. Drawing the Lines in Global Scope // --------------------------------------------------------------------- // We cannot create lines inside barstate.islast, so we do it outside. array.clear(pipLines) if didCompute // Connect each pair of anchors with red lines if array.size(finalLineBreaks) > 1 for i = 0 to array.size(finalLineBreaks) - 2 int idxLeft = array.get(finalLineBreaks, i) int idxRight = array.get(finalLineBreaks, i + 1) float x1 = bar_index - (length - 1) + idxLeft float x2 = bar_index - (length - 1) + idxRight float y1 = array.get(finalCloseData, idxLeft) float y2 = array.get(finalCloseData, idxRight) line ln = line.new(x1, y1, x2, y2, extend=extend.none) line.set_color(ln, color.red) line.set_width(ln, 2) array.push(pipLines, ln) 1. **Data Collection** - We collect the **most recent** `length` bars in `closeData`. Index 0 is the oldest bar in that window, index `length-1` is the newest bar. 2. **Initial Straight Line** - We create an array called `linesArr` that starts as a simple linear interpolation from `closeData ` (the oldest bar’s close) to `closeData ` (the newest bar’s close). 3. **Line Breaks** - We store “anchor points” in `lineBreaks`, initially ` `. These are the start and end of our segment. 4. **Global Re-Interpolation** - Each time we want to add a new anchor, we **re-draw** (linear interpolation) for *every* subrange ` [lineBreaks , lineBreaks ]`, ensuring we have a globally consistent line. - This avoids the “local subrange only” approach, which can cause clustering near existing anchors. 5. **Finding the Largest Distance** - After re-drawing, we compute the vertical distance for each bar `i` that isn’t already a line break. The bar with the biggest distance from the line is chosen as the next anchor (`maxDistIdx`). 6. **Snapping and Re-Interpolate** - We “snap” that bar’s line value to the actual close, i.e. `linesArr = closeData `. Then we globally re-draw all segments again. 7. **Repeat** - We repeat these insertions until we have the desired number of points (`num_points`). 8. **Drawing** - Finally, we connect each consecutive pair of anchor points (`lineBreaks`) with a `line.new(...)` call, coloring them red. - We offset the line’s `x` coordinate so that the anchor at index 0 lines up with `bar_index - (length - 1)`, and the anchor at index `length-1` lines up with `bar_index` (the current bar). **Result**: You get a simplified representation of the price with a small set of line segments capturing the largest “jumps” or swings. By re-drawing the entire line after each insertion, the anchors tend to distribute more *evenly* across the data, mitigating the issue where anchors bunch up near each other. Enjoy experimenting with different `length` and `num_points` to see how the simplified lines change!
Indicateur Pine Script®
par UnknownUnicorn13336802
Dual Zigzag [Trendoscope®]🎲 Dual Zigzag indicator is built on recursive zigzag algorithm. It is very similar to other zigzag indicators published by us and other authors. However, the key point here is, the indicator draws zigzag on both price and any other plot based indicator on separate layouts. Before we get into the indicator, here are some brief descriptions of the underlying concepts and key terminologies 🎯 Zigzag Zigzag indicator breaks down price or any input series into a series of Pivot Highs and Pivot Lows alternating between each other. Zigzags though shows pivot high and lows, should not be used for buying at low and selling at high. The main application of zigzag indicator is for the visualisation of market structure and this can be used as basic building block for any pattern recognition algorithms. 🎯 Recursive Zigzag Algorithm Recursive zigzag algorithm builds zigzag on multiple levels and each level of zigzag is based on the previous level pivots. The level zero zigzag is built on price. However, for level 1, instead of price level 0 zigzag pivots are used. Similarly for level 2, level 1 zigzag pivots are used as base. 🎲 Components Dual Zigzag Indicator Here are the components of Dual zigzag indicator Built in Oscillator - Indicator has built in oscillator options for plotting RSI (Relative Strength Index), MFI (Money Flow Index), cci (Commodity Channel Index) , CMO (Chande Momentum Oscillator), COG (Center of Gravity), and ROC (Rate of Change). Apart from the given built in oscillators, users can also use a custom external output as base. The oscillators are not printed on the price pane. But, printed on a separate indicator overlay. Zigzag On Oscillator - Recursive zigzag is calculated and printed on the oscillator series. Each pivot high and pivot low also prints a label having the retracement ratios, and price levels at those points. Zigzag on the oscillator is also printed on the indicator overlay pane. Zigzag on Price - Recursive zigzag calculated based on price and printed on the price pane. This is made possible by using force_overlay option present in the drawing objects. At each zigzag pivot levels, the label having price retracement ratios, and oscillator values are printed. It is called dual zigzag because, the indicator calculates the zigzag on both price and oscillator series of values and prints them separately on different panes on the chart. 🎲 Indicator Settings Settings include Theme display settings to get the right colour combination to match the background. Zigzag settings to be used for zigzag calculation and display Oscillator settings to chose the oscillator to be used as base for 2nd zigzag 🎲 Applications Useful in spotting divergences with both indicator and price having their own zigzag to highlight pivots Spotting patterns in indicators/oscillators and correlate them with the patterns on price 🎲 Using External Input If users want to use an external indicator such as OBV instead of the built in oscillators, then can do so by using the custom option. Here is how this can be done. Step1. Add both Dual Zigzag and the intended indicator (in this case OBV) on the chart. Notice that both OBV and Dual zigzag appear on different panes. Step2. Edit the indicator settings of Dual zigzag and set custom indicator by selecting "custom" as oscillator name and then by setting the custom external indicator name and input. Step 3. You would notice that the zigzag in Dual Zigzag indictor pane is already showing the zigzag pivots based on the OBV indicator and the price pivots display obv values at the pivot points. We can leave this as is. Step 4. As an additional step, you can also merge the OBV pane and the Dual zigzag indicator pane into one by going into OBV settings and moving the indicator to above pane. Merge the scales so that there is no two scales on the same pane and the entire scale appear on the right. At the end, you should see two panes - one with price and other with OBV and both having their zigzag plotted.
Indicateur Pine Script®
par Trendoscope
12
VD Zig Zag with SMAIntroduction The VD Zig Zag with SMA indicator is a powerful tool designed to streamline technical analysis by combining Zig Zag swing lines with a Simple Moving Average (SMA). It offers traders a clear and intuitive way to analyze price trends, market structure, and potential reversals, all within a customizable framework. Definition The Zig Zag indicator is a trend-following tool that highlights significant price movements by filtering out smaller fluctuations. It visually connects swing highs and lows to reveal the underlying market structure. When paired with an SMA, it provides an additional layer of trend confirmation, helping traders align their strategies with market momentum. Calculations Zig Zag Logic: Swing highs and lows are determined using a user-defined length parameter. The highest and lowest points within the specified range are identified using the ta.highest() and ta.lowest() functions. Zig Zag lines dynamically connect these swing points to visually map price movements. SMA Logic: The SMA is calculated using the closing prices over a user-defined period. It smooths out price action to provide a clearer view of the prevailing trend. The indicator allows traders to adjust the Zig Zag length and SMA period to suit their preferred trading timeframe and strategy. Takeaways Enhanced Trend Analysis: The Zig Zag lines clearly define the market's structural highs and lows, helping traders identify trends and reversals. Customizable Parameters: Both the swing length and SMA period can be tailored for short-term or long-term trading strategies. Visual Clarity: By filtering out noise, the indicator simplifies chart analysis and enables better decision-making. Multi-Timeframe Support: Adapts seamlessly to the chart's timeframe, ensuring usability across all trading horizons. Limitations Lagging Nature: As with any indicator, the Zig Zag and SMA components are reactive and may lag during sudden price movements. Sensitivity to Parameters: Improper parameter settings can lead to overfitting, where the indicator reacts too sensitively or misses significant trends. Does Not Predict: This indicator identifies trends and structure but does not provide forward-looking predictions. Summary The VD Zig Zag with SMA indicator is a versatile and easy-to-use tool that combines the strengths of Zig Zag swing analysis and moving average trends. It helps traders filter market noise, visualize structural patterns, and confirm trends with greater confidence. While it comes with limitations inherent to all technical tools, its customizable features and multi-timeframe adaptability make it an excellent addition to any trader’s toolkit. Additional Features Have an idea or a feature you'd like to see added? Feel free to reach out or share your suggestions here—I’m always open to updates!
Indicateur Pine Script®
par vishaldhawan82
1
Zig Zag with Adaptive ProjectionThe "Zig Zag with Adaptive Projection" is an advanced technical analysis tool designed for TradingView's Pine Script platform. This indicator builds upon the traditional ZigZag concept by incorporating adaptive projection capabilities, offering traders a more sophisticated approach to identifying significant price movements and forecasting potential future price levels. At its core, the indicator utilizes a user-defined period to calculate and display the ZigZag pattern on the chart. This pattern connects significant highs and lows, effectively filtering out minor price fluctuations and highlighting the overall trend structure. Users can customize the appearance of the ZigZag lines, including their color, style (solid, dashed, or dotted), and width, allowing for easy visual integration with other chart elements. What sets this indicator apart is its adaptive projection feature. By analyzing historical ZigZag patterns, the indicator calculates average lengths and slopes of both bullish and bearish trends. This data is then used to project potential future price movements, adapting to the current market context. The projection lines extend from the most recent ZigZag point, offering traders a visual representation of possible price targets based on historical behavior. The adaptive nature of the projections is particularly noteworthy. The indicator considers the current trend direction, the length of the most recent ZigZag segment, and compares it to historical averages. This approach allows for more nuanced projections that account for recent market dynamics. If the current trend is stronger than average, the projection will extend further, and vice versa. From a technical standpoint, the indicator leverages Pine Script v5's capabilities, utilizing arrays for efficient data management and implementing dynamic line drawing for both the ZigZag and projection lines. This ensures smooth performance even when analyzing large datasets. Traders can fine-tune the indicator to their preferences with several customization options. The ZigZag period can be adjusted from 10 to 100, allowing for sensitivity adjustments to match different trading timeframes. The projection lines can be toggled on or off and their appearance customized, providing flexibility in how the forecast is displayed. In essence, the "Zig Zag with Adaptive Projection" indicator combines traditional trend analysis with forward-looking projections. It offers traders a tool to not only identify significant price levels but also to anticipate potential future movements based on historical patterns. This blend of retrospective analysis and adaptive forecasting makes it a valuable addition to a trader's technical analysis toolkit, particularly for those interested in trend-following strategies or looking for potential reversal points.
Indicateur Pine Script®
par Julien_Exe
11
Valid Pullbacks and Trend by kpt. GonzoThis script helps identify valid pullbacks. Based on the marked pullbacks, it can draw both internal and external structure trendlines. A pullback is marked with a small triangle above or below the candle that created the local high or low. A new local high is marked with a red triangle above the candle if at least one subsequent candle has a low lower than the low of the candle that created the new local high. A new local low is marked with a green triangle below the candle if at least one subsequent candle has a high higher than the high of the candle that created the new local low. Based on the marked local highs and lows, the internal structure trendline is created by simply connecting all highs and lows with a line. The external structure is drawn in a similar way, but only highs and lows that have broken the previous structure are connected. This helps focus on important pivots and better understand the market structure.
Indicateur Pine Script®
par kpt_gonzo
8
Absolute ZigZagThis ZigZag Indicator is a bit unique in it's kind. It uses my own Absolute ZigZag Lib to calculate the pivots: Instead of using percentages or looking more than 1 bar left or right, this Zigzag library calculates pivots by just looking at the current bar highs and lows and the ones of one bar earlier. This is a very fast and accurate way of calculating pivots. The library also features a solution for bars that have both a higher high and a higher low like seen below. You can also use your own colors for the labels and the lines: You can also quickly select a one-colored theme without changing all colors at once:
Indicateur Pine Script®
par niquedegraaff
20
ABCD Projection [Trendoscope®]Over the years, we have extensively explored and published numerous scripts centered around various chart patterns, including Harmonic Patterns, Reversal Patterns, Elliott Waves, and more. Our expertise in these areas has led to frequent requests for an indicator based on the ABCD pattern. Although we didn't include it as part of our Harmonic Patterns collection, the development of a dedicated ABCD Projection Indicator has always been a priority for us. 🎲 Overview of the ABCD Projection Indicator The ABCD Projection Indicator is designed to identify and project ABCD patterns using a Zigzag-based approach. This pattern, characterized by alternating pivot highs and lows labeled as A, B, C, and D, is particularly significant in trending markets where it signifies trend continuation following deep pullbacks. The indicator works by confirming the ABC pivots and projecting the D pivot based on the established price swings. Since ABCD patterns are most effective in trending environments, the indicator focuses on filtering patterns where the retracement from the C pivot has not compromised the trade's potential. Specifically, it ensures that the starting point (S)—where the pattern is detected—has not retraced beyond a defined threshold, preserving the opportunity to execute a trade with the goal of reaching the projected D pivot. Additionally, the ABCD Projection Indicator considers the retracement ratio from the C pivot, which plays a crucial role in risk management. A higher retracement ratio reduces the stop distance (from pivot A to the entry point S) while increasing the distance to the target (pivot D), thereby enhancing the reward/risk ratio for trades. 🎲 Components of the ABCD Projection Indicator The ABCD Projection Indicator comprises several key components: A, B, C Pivots and Zigzag Wave : These elements form the foundational structure of the ABCD pattern. S Point : This is the location where the pattern is identified, positioned a few bars away from the confirmed C pivot. Estimated D Pivot : The D pivot is projected based on the A, B, and C price levels. The time or distance to the D pivot is influenced by the starting point S. Mini Stats Table : Located in the top right corner, this table displays win/loss ratios and risk/reward data for both bullish and bearish scenarios. Fibonacci Levels : Calculated from the C to D pivots, these levels are provided as a reference for additional analysis. 🎲 Indicator Settings The settings for the ABCD Projection Indicator are minimal and intuitive, with tooltips provided to guide users through the configuration process.
Indicateur Pine Script®
par Trendoscope
14
MTF Candle Multi HubMTF Candle Multi Hub Indicator - Guide 日本語解説は下記 Introduction The "MTF Candle Multi Hub" indicator is a versatile and comprehensive tool designed to visualize multiple timeframes' candlestick data, Heikin Ashi candles, and moving averages on a single chart. This indicator also includes a Zigzag feature with the ability to draw horizontal lines at significant swing points, making it a powerful tool for technical analysis. Key Features Multi-Timeframe Candlestick Display: The indicator allows you to display candlesticks from different timeframes, including 5-minute, 15-minute, 1-hour, 4-hour, daily, and weekly timeframes. Each timeframe's candlestick can be toggled on or off using the settings panel. Candlesticks are color-coded based on whether the close is higher or lower than the open, with customizable colors for bullish and bearish candles. Heikin Ashi Candlesticks: Heikin Ashi candlesticks are also available for 5-minute, 15-minute, 1-hour, 4-hour, daily, and weekly timeframes. Like the standard candlesticks, these can be toggled on or off, and their colors are customizable. Moving Averages (MA): The indicator supports up to four different moving averages, which can be either Simple Moving Average (SMA) or Exponential Moving Average (EMA). The user can toggle each moving average on or off and adjust the period and type from the settings panel. An additional feature allows the space between two moving averages to be filled with a color, indicating the relative position of the MAs. Zigzag Indicator with Horizontal Lines: The Zigzag feature plots lines between significant swing highs and lows, helping identify trends and potential reversal points. Two Zigzag lines can be configured, each with customizable swing length, line color, style, and width. The indicator also offers the ability to draw horizontal lines at the start and end of each Zigzag swing. These horizontal lines can be customized in terms of color, style, width, and length. The number of horizontal lines to be drawn can be set, allowing for focused analysis of the most recent swings. Label and Comment Display: The indicator provides the option to display custom labels and comments on the chart. You can enter up to ten different comments, which will be displayed in a label at the last candlestick of the chart. The label's position, background color, text color, and text size are fully customizable. Trading Strategy Trend Following with Multi-Timeframe Analysis: Use the multi-timeframe candlestick and Heikin Ashi features to assess the trend across different timeframes. For example, if both the daily and 4-hour Heikin Ashi candles are bullish, it may indicate a strong uptrend. Entry and Exit Signals: Use the Zigzag indicator to identify potential entry points by looking for a new swing high or low. Horizontal lines from the Zigzag can be used as support and resistance levels, helping to determine potential entry and exit points. Moving Average Crossovers: Monitor the crossovers of the moving averages. For example, when a shorter-term MA crosses above a longer-term MA, it may signal a potential buy opportunity. Confluence of Signals: The best trading opportunities may arise when multiple signals align. For example, a bullish Zigzag swing, supported by bullish Heikin Ashi candles and a moving average crossover, could provide a strong buy signal. Disclaimer For Educational Purposes Only: This indicator is provided for educational purposes and should not be used as the sole basis for any trading decisions. No Guarantees: The indicator is provided "as is" without any guarantees of accuracy or completeness. Market conditions can change rapidly, and this indicator may not always reflect the most accurate market state. Test Thoroughly: Bugs may exist in the script. It is highly recommended to test this script on a demo account before using it in live trading. Use with Caution: Always use this indicator in conjunction with other analysis tools. Do not rely solely on this indicator for making trading decisions. Sudden Changes or Removal: The indicator may be subject to sudden changes or removal without prior notice. The developer is not responsible for any issues this may cause. By using this indicator, you agree to these terms. MTF Candle Multi Hub インジケーター - ガイド はじめに 「MTF Candle Multi Hub」インジケーターは、複数の時間枠のローソク足データ、平均足、移動平均線を1つのチャート上で視覚化するために設計された多用途かつ包括的なツールです。このインジケーターには、水平線を描画する機能を備えたジグザグ機能も含まれており、テクニカル分析において強力なツールとなります。 主な機能 マルチタイムフレームのローソク足表示: 5分足、15分足、1時間足、4時間足、日足、週足のローソク足を表示することができます。 各時間枠のローソク足は設定パネルでオンまたはオフに切り替えることができます。 ローソク足は、終値が始値より高いか低いかに基づいて色分けされており、強気と弱気のローソク足の色をカスタマイズできます。 平均足ローソク足: 5分足、15分足、1時間足、4時間足、日足、週足の平均足ローソク足を表示することができます。 標準のローソク足と同様に、これらをオンまたはオフに切り替え、色をカスタマイズすることが可能です。 移動平均線（MA）: このインジケーターは、単純移動平均線（SMA）または指数移動平均線（EMA）のいずれかを選択できる4つの移動平均線をサポートしています。 各移動平均線をオンまたはオフに切り替え、期間やタイプを設定パネルから調整できます。 また、2本の移動平均線の間に色を塗ることで、MAの相対的な位置を視覚的に表示する機能もあります。 ジグザグインジケーターと水平線: ジグザグ機能は、重要なスイングの高値と安値の間に線を引き、トレンドや潜在的な反転ポイントを識別するのに役立ちます。 2本のジグザグラインを設定することができ、それぞれのスイングの長さ、線の色、スタイル、幅をカスタマイズできます。 また、ジグザグのスイングの始点と終点に水平線を描画する機能も提供されています。これらの水平線は、色、スタイル、幅、長さをカスタマイズできます。 描画する水平線の本数を設定でき、最新のスイングに焦点を当てた分析が可能です。 ラベルとコメントの表示: インジケーターは、チャート上にカスタムラベルとコメントを表示するオプションを提供します。 最大10個の異なるコメントを入力することができ、これらはチャートの最新のローソク足にラベルとして表示されます。 ラベルの位置、背景色、テキストの色、テキストのサイズは完全にカスタマイズ可能です。 トレード戦略 マルチタイムフレーム分析を使用したトレンドフォロー: マルチタイムフレームのローソク足や平均足の機能を使用して、異なる時間枠でのトレンドを評価します。例えば、日足と4時間足の平均足が共に強気であれば、強い上昇トレンドを示している可能性があります。 エントリーとエグジットシグナル: ジグザグインジケーターを使用して、新たなスイング高値または安値を確認し、エントリーポイントを見極めます。 ジグザグの水平線をサポートおよびレジスタンスレベルとして使用し、エントリーやエグジットのタイミングを判断します。 移動平均線のクロスオーバー: 移動平均線のクロスオーバーを監視します。例えば、短期の移動平均線が長期の移動平均線を上抜けた場合、買いのシグナルとなる可能性があります。 シグナルのコンフルエンス: 複数のシグナルが一致する場合、最も良いトレード機会が生まれるかもしれません。例えば、強気のジグザグスイング、強気の平均足、移動平均線のクロスオーバーが揃うと、強力な買いシグナルとなる可能性があります。 免責事項 教育目的のみ: このインジケーターは教育目的で提供されており、トレードの決定を行う際の唯一の基準として使用すべきではありません。 保証なし: インジケーターは「現状のまま」提供されており、その正確性や完全性についての保証はありません。市場の状況は急速に変化する可能性があり、このインジケーターが常に最も正確な市場状況を反映するとは限りません。 十分なテストを: このスクリプトにはバグが存在する可能性があります。実際のトレードで使用する前に、デモ口座で十分にテストすることを強くお勧めします。 慎重に使用: このインジケーターを他の分析ツールと併用して使用してください。このインジケーターだけに頼ってトレードの決定を行うべきではありません。 突然の変更や削除の可能性: このインジケーターは予告なく変更や削除が行われる場合があります。そのため、利用者に不利益が生じる可能性がありますが、開発者はその責任を負いません。 このインジケーターを使用することで、これらの条件に同意したものとみなされます。
Indicateur Pine Script®
par you_222
18
Sylvain Zig-Zag [MyTradingCoder]This Pine Script version of ZigZagHighLow is a faithful port of Sylvain Vervoort's original study, initially implemented in NinjaScript and later added to the thinkorswim standard library. This indicator identifies and connects swing points in price data, offering a clear visualization of market moves that exceed a specified threshold. Additionally, it now includes features for detecting and plotting support and resistance levels, enhancing its utility for technical analysis. Overview The Sylvain Zig-Zag study excels at highlighting significant price swings by plotting points where the price change, combined with volatility adjustments via the Average True Range (ATR), exceeds a user-defined percentage. It effectively smooths out minor fluctuations, allowing traders to focus on the primary market trends. This tool is particularly useful in identifying potential turning points, trends in price movements, and key support and resistance levels, making it a valuable addition to your technical analysis arsenal. How It Works The Sylvain Zig-Zag indicator works by detecting swing points in the price data and connecting them to form a zigzag pattern. A swing point is identified when the price moves a certain distance, defined by a combination of percentage change and ATR. This distance must be exceeded for a swing point to be plotted. When the price moves upwards and exceeds the previous high by a specified percentage plus a factor of the ATR, a new high swing point is plotted. Conversely, a low swing point is plotted when the price moves downwards and exceeds the previous low by the same criteria. This ensures that only significant price moves are considered, filtering out minor fluctuations and providing a clear view of the overall market trend. In addition to plotting zigzag lines, the indicator can now identify and draw support and resistance levels based on the detected swing points. These levels are crucial for identifying potential reversal areas and market structure. Key Features Swing Point Detection: Accurately identifies significant price swings by considering both percentage price change and volatility (via Average True Range). Dynamic Support/Resistance: Automatically generates support and resistance lines based on the identified swing points, providing potential areas of price reversals. Customizable Parameters: Tailor the indicator's sensitivity to your preferred trading style and market conditions. Adjust parameters like percentage reversal, ATR settings, and absolute/tick reversals. Visual Clarity: Choose to display the ZigZag line, support/resistance levels, new trend icons, continuation icons, and even customize bar colors for easy visual analysis. Trading Applications Trend Identification: Easily visualize the prevailing market trend using the direction of the ZigZag line and support/resistance levels. Entry/Exit Signals: Potential entry points can be identified when the price interacts with the dynamic support/resistance levels. Stop-Loss Placement: Use recent swing points as logical places for setting stop-loss orders. Profit Targets: Project potential price targets based on the distance between previous swing points. Input Parameters Several input parameters can be adjusted to customize the behavior of the Sylvain Zig-Zag indicator. These parameters allow traders to fine-tune the detection of swing points and support/resistance levels to better suit their trading strategy and the specific market conditions they are analyzing. High Source and Low Source: These inputs define the price points used for detecting high and low swing points, respectively. You can choose between high, low, open, or close prices for these calculations. Percentage Reversal: This input sets the minimum percentage change in price required for a swing to be detected. A higher percentage value will result in fewer but more significant swing points, while a lower value will detect more frequent, smaller swings. Absolute Reversal: This parameter allows for an additional fixed value to be added to the minimum price change and ATR change. This can be useful for increasing the distance between swing points in volatile markets. ATR Length: This input defines the period used for calculating the ATR, which is a measure of market volatility. A longer ATR period will smooth out the ATR calculation, while a shorter period will make it more sensitive to recent price changes. ATR Multiplier: This factor is applied to the ATR value to adjust the sensitivity of the swing point detection. A higher multiplier will increase the required price movement for a swing point to be plotted, reducing the number of detected swings. Tick Reversal: This input allows for an additional value in ticks to be added to the minimum price change and ATR change, providing further customization in the swing point detection process. Support and Resistance: Show S/R: Enable or disable the plotting of support and resistance levels. Max S/R Levels: Set the maximum number of support and resistance levels to display. S/R Line Width: Adjust the width of the support and resistance lines. Visual Settings The Sylvain Zig-Zag indicator also includes visual settings to enhance the clarity of the plotted swing points and trends. You can customize the color and width of the zigzag line, and enable icons to indicate new trends and continuation patterns. Additionally, the bars can be colored based on the detected trend, aiding in quick visual analysis. Conclusion This port of the ZigZagHighLow study from NinjaScript to Pine Script preserves the essence of Sylvain Vervoort’s methodology while adding new features for support and resistance. It provides traders with a powerful tool for technical analysis. The combination of price changes and ATR ensures that you have a robust and adaptable tool for identifying key market movements and structural levels. Customize the settings to match your trading style and gain a clearer picture of market trends, turning points, and support/resistance areas. Enjoy improved market analysis and more informed trading decisions with the Sylvain Zig-Zag indicator.
Indicateur Pine Script®
par JacobMagleby
10
Crab Harmonic Pattern [TradingFinder] Harmonic Chart patterns🔵 Introduction The Crab pattern is recognized as a reversal pattern in technical analysis, utilizing Fibonacci numbers and percentages for chart analysis. This pattern can predict suitable price reversal areas on charts using Fibonacci ratios. The structure of the Crab pattern can manifest in both bullish and bearish forms on the chart. By analyzing this structure, traders can identify points where the price direction changes, which are essential for making informed trading decisions. The pattern's structure is visually represented on charts as shown below. To gain a deeper understanding of the Crab pattern's functionality, it is beneficial to become familiar with its various harmonic forms. 🟣 Types of Crab Patterns The Crab pattern is categorized into two types based on its structure: bullish and bearish. The bullish Crab is denoted by the letter M, while the bearish Crab is indicated by the letter W in technical analysis. Typically, a bullish Crab pattern signals a potential price increase, whereas a bearish Crab pattern suggests a potential price decrease on the chart. The direction of price movement depends significantly on the price's position within the chart. By identifying whether the pattern is bullish or bearish, traders can determine the likely direction of the price reversal. Bullish Crab : Bearish Crab : 🔵 How to Use When trading using the Crab pattern, crucial parameters include the end time of the correction and the point at which the chart reaches its peak. Generally, the best time to buy is when the chart nears the end of its correction, and the best time to sell is when it approaches the peak price. As we discussed, the end of the price correction and the time to reach the peak are measured using Fibonacci ratios. By analyzing these levels, traders can estimate the end of the correction in the chart waves and select a buying position for their stock or asset upon reaching that ratio. 🟣 Bullish Crab Pattern In this pattern, the stock price is expected to rise at the pattern's completion, transitioning into an upward trend. The bullish Crab pattern usually begins with an upward trend, followed by a price correction, after which the stock resumes its upward movement. If a deeper correction occurs, the price will change direction at some point on the chart and rise again towards its target price. Price corrections play a critical role in this pattern, as it aims to identify entry and exit points using Fibonacci ratios, allowing traders to make purchases at the end of the corrections. When the price movement lines are connected on the chart, the bullish Crab pattern resembles the letter M. 🟣 Bearish Crab Pattern In this pattern, the stock price is expected to decline at the pattern's completion, leading to a strong downward trend. The bearish Crab pattern typically starts with a price correction in a downward trend and, after several fluctuations, reaches a peak where the direction changes downward, resulting in a significant price drop. This pattern uses Fibonacci ratios to identify points where the price movement is likely to change direction, enabling traders to exit their positions at the chart's peak. When the price movement lines are connected on the chart, the bearish Crab pattern resembles the letter W. 🔵 Setting 🟣 Logical Setting ZigZag Pivot Period : You can adjust the period so that the harmonic patterns are adjusted according to the pivot period you want. This factor is the most important parameter in pattern recognition. Show Valid Format : If this parameter is on "On" mode, only patterns will be displayed that they have exact format and no noise can be seen in them. If "Off" is, the patterns displayed that maybe are noisy and do not exactly correspond to the original pattern. Show Formation Last Pivot Confirm : if Turned on, you can see this ability of patterns when their last pivot is formed. If this feature is off, it will see the patterns as soon as they are formed. The advantage of this option being clear is less formation of fielded patterns, and it is accompanied by the latest pattern seeing and a sharp reduction in reward to risk. Period of Formation Last Pivot : Using this parameter you can determine that the last pivot is based on Pivot period. 🟣 Genaral Setting Show : Enter "On" to display the template and "Off" to not display the template. Color : Enter the desired color to draw the pattern in this parameter. LineWidth : You can enter the number 1 or numbers higher than one to adjust the thickness of the drawing lines. This number must be an integer and increases with increasing thickness. LabelSize : You can adjust the size of the labels by using the "size.auto", "size.tiny", "size.smal", "size.normal", "size.large" or "size.huge" entries. 🟣 Alert Setting Alert : On / Off Message Frequency : This string parameter defines the announcement frequency. Choices include: "All" (activates the alert every time the function is called), "Once Per Bar" (activates the alert only on the first call within the bar), and "Once Per Bar Close" (the alert is activated only by a call at the last script execution of the real-time bar upon closing). The default setting is "Once per Bar". Show Alert Time by Time Zone : The date, hour, and minute you receive in alert messages can be based on any time zone you choose. For example, if you want New York time, you should enter "UTC-4". This input is set to the time zone "UTC" by default.
Indicateur Pine Script®
par TFlab
2
The Next Pivot (With History) [Mxwll]Introducing "The Next Pivot (With History)"! With permission from the author @KioseffTrading The script "The Next Pivot" has been restructured to show historical projections! Features Find the most similar price sequence per time frame change. Forecast almost any public indicator! Not just price! Forecast any session i.e. 4Hr, 1Hr, 15m, 1D, 1W Forecast ZigZag for any session Spearmen Pearson Absolute Difference Cosine Similarity Mean Squared Error Kendall Forecasted linear regression channel The image above shows/explains some of the indicator's capabilities! Additionally, you can project almost any indicator! Should load times permit it, the script can search all bar history for a correlating sequence. This won't always be possible, contingent on the forecast length, correlation length, and the number of bars on the chart. If a load time error occurs, simple reduce the "Bars Back To Search" parameter! The script can only draw 500 bars into the future. For whatever time frame you are on and the session you wish to project, ensure it will not exceeded a 500-bar forecast! Reasonable Assessment The script uses various similarity measures to find the "most similar" price sequence to what's currently happening. Once found, the subsequent price move (to the most similar sequence) is recorded and projected forward. So, 1: Script finds most similar price sequence 2: Script takes what happened after and projects forward While this may be useful, the projection is simply the reaction to a possible one-off "similarity" to what's currently happening. Random fluctuations are likely and, if occurring, similarities between the current price sequence and the "most similar" sequence are plausibly coincidental. Thanks!
Indicateur Pine Script®
par MXWLL-Capital-Trading
2
ZigZag With ATR Filter [vnhilton](OVERVIEW) The typical ZigZag indicator, which connects pivot points (see TradingView's Help Center regarding their indicator Pivot Points High Low, for an in depth explanation on how they are calculated) with lines, except instead of a percentage threshold, it uses ATR which adjusts for volatility of the ticker you are viewing. The ZigZag indicator can therefore be used to help visualise price legs and trends on a usually noisy looking chart. (FEATURES) - Toggles for pivot point label contents such as the value, the trend, or nothing at all. - ATR and pivot point periods. - ATR multiplier minimum threshold to plot pivots and draw lines only when this threshold is met (helps eliminate small, perhaps insignificant price movements, to have a better focus on the overall trend). - Show the last 2 to 499 ZigZag lines. - Uptrend, downtrend and range colors for high and low pivot labels, text labels and lines, for both confirmed and real-time plots. - Label size, and label styles for the high and low pivots. - Customisable width and styles (Arrow Right, Dashed, Dotted, Solid) for the ZigZag line. In the main chart picture, labels show both the pivot point value and the trend at that point. In the picture above, on the left shows only the pivot point value, the right shows only the trend. Picture above shows just the label with 0 contents. Also notice the last recent line being blue instead of green. This is because the current bar hasn't finished so this line is currently live and not confirmed, so is subject to change. Keep in mind even if a pivot point is confirmed, it can be updated by a subsequent higher high/lower low. Left chart shows a minimum ATR threshold multiplier of 1x; Right chart has 2x ATR minimum threshold. Notice the left chart highlights more price legs as more price legs satisfy a less strict threshold.
Indicateur Pine Script®
par vnhilton
17
TASC 2024.03 Rate of Directional Change█ OVERVIEW This script implements the Rate of Directional Change (RODC) indicator introduced by Richard Poster in the "Taming The Effects Of Whipsaw" article featured in the March 2024 edition of TASC's Traders' Tips . █ CONCEPTS In his article, Richard Poster discusses an approach to potentially reduce false trend-following strategy entry signals due to whipsaws in forex data. The RODC indicator is central to this approach. The idea behind RODC is that one can characterize market whipsaw as alternating up and down ZigZag segments. By counting the number of up and down segments within a lookback window, the RODC indicator aims to identify if the window contains a significant whipsaw pattern: RODC = 100 * Segments / Window Size (bars) Larger RODC values suggest elevated whipsaw in the calculation window, while smaller values signify trending price activity. █ CALCULATIONS • For each price bar, the script iterates through the lookback window to identify up and down segments. • If the price change between subsequent bars within the window is in the direction opposite to the current segment and exceeds the specified threshold , the calculation interprets the condition as a reversal point and the start of a new segment. • The script uses the number of segments within the window to calculate RODC according to the above formula. • Finally, the script applies a simple moving average to smoothen the RODC data. Users can change the length of the lookback window , the threshold value, and the smoothing length in the "Inputs" tab of the script's settings.
Indicateur Pine Script®
par PineCodersTASC
2
Zigzag Fibonacci Golden Zone [UAlgo]🔶 Description: The "Zigzag Fibonacci Golden Zone" aims to identify potential trend pullback points by utilizing a combination of zigzag patterns and Fibonacci "Golden Zone (0.618 - 0.786)" retracement levels. It plots zigzag lines on the price chart, highlighting significant swing highs and swing lows, and overlays Fibonacci retracement levels to indicate potential support and resistance zones. Additionally, it provides options to display buy and sell signals based on specific criteria. 🔶 Key Features: Zigzag Lines: The indicator plots zigzag lines on the price chart, marking significant swing highs and swing lows. These lines help traders visualize the direction and magnitude of price swings. Fibonacci Retracement Levels: The indicator overlays Fibonacci retracement levels on the chart, indicating potential support and resistance levels. These levels are derived from the Fibonacci sequence and are commonly used by traders to identify reversal points. Fibonacci occurs again when a new zigzag low or high is created : Before new zigzag low pivot appears, After new Zigzag low pivot appears, As you see new fibonacci created after new pivot found also price bounced from retracement zone. Customization Options: Traders can customize various parameters of the indicator, such as the length of the zigzag pattern, color preferences for different elements, and visibility of price labels and buy/sell signals. Buy/Sell Signals: The indicator generates buy and sell signals based on predefined criteria, such as price movements relative to Fibonacci levels and other market conditions. These signals can help traders identify potential entry and exit points in the market. Example : Disclaimer : Please note that trading involves significant risk, and past performance is not indicative of future results. The "Zigzag Fibonacci Golden Zone" indicator is provided for informational purposes only and should not be considered financial advice. Traders should conduct their own research and analysis before making any investment decisions. Additionally, the indicator's performance may vary depending on market conditions and other factors. Users are encouraged to use the indicator as part of a comprehensive trading strategy and to exercise caution when trading in the financial markets.
Indicateur Pine Script®
par UAlgo
21
Flags and Pennants [Trendoscope®]🎲 An extension to Chart Patterns based on Trend Line Pairs - Flags and Pennants After exploring Algorithmic Identification and Classification of Chart Patterns and developing Auto Chart Patterns Indicator , we now delve into extensions of these patterns, focusing on Flag and Pennant Chart Patterns. These patterns evolve from basic trend line pair-based structures, often influenced by preceding market impulses. 🎲 Identification rules for the Extension Patterns 🎯 Identify the existence of Base Chart Patterns Before identifying the flag and pennant patterns, we first need to identify the existence of following base trend line pair based converging or parallel patterns. Ascending Channel Descending Channel Rising Wedge (Contracting) Falling Wedge (Contracting) Converging Triangle Descending Triangle (Contracting) Ascending Triangle (Contracting) 🎯 Identifying Extension Patterns. The key to pinpointing these patterns lies in spotting a strong impulsive wave – akin to a flagpole – preceding a base pattern. This setup suggests potential for an extension pattern: A Bullish Flag emerges from a positive impulse followed by a descending channel or a falling wedge A Bearish Flag appears after a negative impulse leading to an ascending channel or a rising wedge. A Bullish Pennant is indicated by a positive thrust preceding a converging triangle or ascending triangle. A Bearish Pennant follows a negative impulse and a converging or descending triangle. 🎲 Pattern Classifications and Characteristics 🎯 Bullish Flag Pattern Characteristics of Bullish Flag Pattern are as follows Starts with a positive impulse wave Immediately followed by either a short descending channel or a falling wedge Here is an example of Bullish Flag Pattern 🎯 Bearish Flag Pattern Characteristics of Bearish Flag Pattern are as follows Starts with a negative impulse wave Immediately followed by either a short ascending channel or a rising wedge Here is an example of Bearish Flag Pattern 🎯 Bullish Pennant Pattern Characteristics of Bullish Pennant Pattern are as follows Starts with a positive impulse wave Immediately followed by either a converging triangle or ascending triangle pattern. Here is an example of Bullish Pennant Pattern 🎯 Bearish Pennant Pattern Characteristics of Bearish Pennant Pattern are as follows Starts with a negative impulse wave Immediately followed by either a converging triangle or a descending converging triangle pattern. Here is an example of Bearish Pennant Pattern 🎲 Trading Extension Patterns In a strong market trend, it's common to see temporary periods of consolidation, forming patterns that either converge or range, often counter to the ongoing trend direction. Such pauses may lay the groundwork for the continuation of the trend post-breakout. The assumption that the trend will resume shapes the underlying bias of Flag and Pennant patterns It's important, however, not to base decisions solely on past trends. Conducting personal back testing is crucial to ascertain the most effective entry and exit strategies for these patterns. Remember, the behavior of these patterns can vary significantly with the volatility of the asset and the specific timeframe being analyzed. Approach the interpretation of these patterns with prudence, considering that market dynamics are subject to a wide array of influencing factors that might deviate from expected outcomes. For investors and traders, it's essential to engage in thorough back testing, establishing entry points, stop-loss orders, and target goals that align with your individual trading style and risk appetite. This step is key to assessing the viability of these patterns in line with your personal trading strategies and goals. It's fairly common to witness a breakout followed by a swift price reversal after these patterns have formed. Additionally, there's room for innovation in trading by going against the bias if the breakout occurs in the opposite direction, specially when the trend before the formation of the pattern is in against the pattern bias. 🎲 Cheat Sheet 🎲 Indicator Settings Custom Source : Enables users to set custom OHLC - this means, the indicator can also be applied on oscillators and other indicators having OHLC values. Zigzag Settings : Allows users to enable different zigzag base and set length and depth for each zigzag. Scanning Settings : Pattern scanning settings set some parameters that define the pattern recognition process. Display Settings : Determine the display of indicators including colors, lines, labels etc. Backtest Settings : Allows users to set a predetermined back test bars so that the indicator will not time out while trying to run for all available bars.
Indicateur Pine Script®
par Trendoscope
14
Auto Chart Patterns [Trendoscope®]🎲 Introducing our most comprehensive automatic chart pattern recognition indicator. Last week, we published an idea on how to algorithmically identify and classify chart patterns. This indicator is nothing but the initial implementation of the idea. Whatever we explained in that publication that users can do manually to identify and classify the pattern, this indicator will do it for them. 🎲 Process of identifying the patterns. The bulk of the logic is implemented as part of the library - chartpatterns . The indicator is a shell that captures the user inputs and makes use of the library to deliver the outcome. 🎯 Here is the list of steps executed to identify the patterns on the chart. Derive multi level recursive zigzag for multiple base zigzag length and depth combinations. For each zigzag and level, check the last 5 pivots or 6 pivots (based on the input setting) for possibility of valid trend line pairs. If there is a valid trend line pair, then there is pattern. 🎯 Rules for identifying the valid trend line pairs There should be at least two trend lines that does not intersect between the starting and ending pivots. The upper trend line should touch all the pivot highs of the last 5 or 6 pivots considered for scanning the patterns The lower trend line should touch all the pivot lows of the last 5 or 6 pivots considered for scanning the patterns. None of the candles from starting pivot to ending pivot should fall outside the trend lines (above upper trend line and below lower trend line) The existence of a valid trend line pair signifies the existence of pattern. What type of pattern it is, to identify that we need to go through the classification rules. 🎲 Process of classification of the patterns. We need to gather the following information before we classify the pattern. Direction of upper trend line - rising, falling or flat Direction of lower trend line - rising, falling or flat Characteristics of trend line pair - converging, expanding, parallel 🎯 Broader Classifications Broader classification would include the following types. 🚩 Classification Based on Geometrical Shapes This includes Wedges - both trend lines are moving in the same direction. But, the trend lines are either converging or diverging and not parallel to each other. Triangles - trend lines are moving in different directions. Naturally, they are either converging or diverging. Channels - Both trend lines are moving in the same direction, and they are parallel to each other within the limits of error. 🚩 Classification Based on Pattern Direction This includes Ascending/Rising Patterns - No trend line is moving in the downward direction and at least one trend line is moving upwards Descending/Falling Patterns - No trend line is moving in the upward direction, and at least one trend line is moving downwards. Flat - Both Trend Lines are Flat Bi-Directional - Both trend lines are moving in opposite direction and none of them is flat. 🚩 Classification Based on Formation Dynamics This includes Converging Patterns - Trend Lines are converging towards each other Diverging Patterns - Trend Lines are diverging from each other Parallel Patterns - Trend Lines are parallel to each others 🎯 Individual Pattern Types Now we have broader classifications. Let's go through in detail to find out fine-grained classification of each individual patterns. 🚩 Ascending/Uptrend Channel This pattern belongs to the broader classifications - Ascending Patterns, Parallel Patterns and Channels. The rules for the Ascending/Uptrend Channel pattern are as below Both trend lines are rising Trend lines are parallel to each other 🚩 Descending/Downtrend Channel This pattern belongs to the broader classifications - Descending Patterns, Parallel Patterns and Channels. The rules for the Descending/Downtrend Channel pattern are as below Both trend lines are falling Trend lines are parallel to each other 🚩 Ranging Channel This pattern belongs to the broader classifications - Flat Patterns, Parallel Patterns and Channels. The rules for the Ranging Channel pattern are as below Both trend lines are flat Trend lines are parallel to each other 🚩 Rising Wedge - Expanding This pattern belongs to the broader classifications - Rising Patterns, Diverging Patterns and Wedges. The rules for the Expanding Rising Wedge pattern are as below Both trend lines are rising Trend Lines are diverging. 🚩 Rising Wedge - Contracting This pattern belongs to the broader classifications - Rising Patterns, Converging Patterns and Wedges. The rules for the Contracting Rising Wedge pattern are as below Both trend lines are rising Trend Lines are converging. 🚩 Falling Wedge - Expanding This pattern belongs to the broader classifications - Falling Patterns, Diverging Patterns and Wedges. The rules for the Expanding Falling Wedge pattern are as below Both trend lines are falling Trend Lines are diverging. 🚩 Falling Wedge - Contracting This pattern belongs to the broader classifications - Falling Patterns, Converging Patterns and Wedges. The rules for the Converging Falling Wedge are as below Both trend lines are falling Trend Lines are converging. 🚩 Rising/Ascending Triangle - Expanding This pattern belongs to the broader classifications - Rising Patterns, Diverging Patterns and Triangles. The rules for the Expanding Ascending Triangle pattern are as below The upper trend line is rising The lower trend line is flat Naturally, the trend lines are diverging from each other 🚩 Rising/Ascending Triangle - Contracting This pattern belongs to the broader classifications - Rising Patterns, Converging Patterns and Triangles. The rules for the Contracting Ascending Triangle pattern are as below The upper trend line is flat The lower trend line is rising Naturally, the trend lines are converging. 🚩 Falling/Descending Triangle - Expanding This pattern belongs to the broader classifications - Falling Patterns, Diverging Patterns and Triangles. The rules for the Expanding Descending Triangle pattern are as below The upper trend line is flat The lower trend line is falling Naturally, the trend lines are diverging from each other 🚩 Falling/Descending Triangle - Contracting This pattern belongs to the broader classifications - Falling Patterns, Converging Patterns and Triangles. The rules for the Contracting Descending Triangle pattern are as below The upper trend line is falling The lower trend line is flat Naturally, the trend lines are converging. 🚩 Converging Triangle This pattern belongs to the broader classifications - Bi-Directional Patterns, Converging Patterns and Triangles. The rules for the Converging Triangle pattern are as below The upper trend line is falling The lower trend line is rising Naturally, the trend lines are converging. 🚩 Diverging Triangle This pattern belongs to the broader classifications - Bi-Directional Patterns, Diverging Patterns and Triangles. The rules for the Diverging Triangle pattern are as below The upper trend line is rising The lower trend line is falling Naturally, the trend lines are diverging from each other. 🎲 Indicator Settings - Auto Chart Patterns 🎯 Zigzag Settings Zigzag settings allow users to select the number of zigzag combinations to be used for pattern scanning, and also allows users to set zigzag length and depth combinations. 🎯 Scanning Settings Number of Pivots - This can be either 5 or 6. Represents the number of pivots used for identification of patterns. Error Threshold - Error threshold used for initial trend line validation. Flat Threshold - Flat angle threshold is used to identify the slope and direction of trend lines. Last Pivot Direction - Filters patterns based on the last pivot direction. The values can be up, down, both, or custom. When custom is selected, then the individual pattern specific last pivot direction setting is used instead of the generic one. Verify Bar Ratio - Provides option to ignore extreme patterns where the ratios of zigzag lines are not proportionate to each other. Avoid Overlap - When selected, the patterns that overlap with existing patterns will be ignored while scanning. Meaning, if the new pattern starting point falls between the start and end of an existing pattern, it will be ignored. 🎯 Group Classification Filters Allows users to enable disable patterns based on group classifications. 🚩 Geometric Shapes Based Classifications Wedges - Rising Wedge Expanding, Falling Wedge Expanding, Rising Wedge Contracting, Falling Wedge Contracting. Channels - Ascending Channel, Descending Channel, Ranging Channel Triangles - Converging Triangle, Diverging Triangle, Ascending Triangle Expanding, Descending Triangle Expanding, Ascending Triangle Contrcting and Descending Triangle Contracting 🚩 Direction Based Classifications Rising - Rising Wedge Contracting, Rising Wedge Expanding, Ascending Triangle Contracting, Ascending Triangle Expanding and Ascending Channel Falling - Falling Wedge Contracting, Falling Wedge Expanding, Descending Triangle Contracting, Descending Triangle Expanding and Descending Channel Flat/Bi-directional - Ranging Channel, Converging Triangle, Diverging Triangle 🚩 Formation Dynamics Based Classifications Expanding - Rising Wedge Expanding, Falling Wedge Expanding, Ascending Triangle Expanding, Descending Triangle Expanding, Diverging Triangle Contracting - Rising Wedge Contracting, Falling Wedge Contracting, Ascending Triangle Contracting, Descending Triangle Contracting, Converging Triangle Parallel - Ascending Channel, Descending Channgel and Ranging Channel 🎯 Individual Pattern Filters These settings allow users to enable/disable individual patterns and also set last pivot direction filter individually for each pattern. Individual Last Pivot direction filters are only considered if the main "Last Pivot Direction" filter is set to "custom" 🎯 Display Settings These are the settings that determine the indicator display. The details are provided in the tooltips and are self explanatory. 🎯 Alerts A basic alert message is enabled upon detection of new pattern on the chart.
Indicateur Pine Script®
par Trendoscope
139
Trended CVD [Mxwll]Hey! This indicator "Trended CVD" categorizes price movement by trend (using zig zag) and calculates cumulative volume delta for the entirety of the price move. Features CVD calculated for the trend CVD divergences are distinguished (uptrend and falling CVD / downtrend and rising CVD) CVD output normalized to scale with chart, and is plotted alongside the trend Can be used for trend confirmation (CVD trend correlating with price trend) All regular zig-zag features available What constitutes a trend is customizable. Can locate small, medium, large price trends with detailed user-input settings. How-To Use Trended CVD The image above shows one of two primary uses for the indicator. In the left-half of the image, price is downtrending simultaneously with CVD; thereby, CVD is confirming the downtrend. The right-half of the image shows price uptrending simultaneously with CVD; CVD is confirming the uptrend. This information can be used to classify the "strength" of the price move, and decide to trade with it or against it. The image above shows the second primary use for the indicator. A slight price decrease transpires while CVD increases - CVD diverging upwards from the price trend. This information can be used to classify the strength of the downtrend, and decide to trade against it, or abstain from trading with it. The image above shows, subsequent to divergence, price failed to sustain "meaningful" downwards movement. Labels oriented at the final pivot of a trend show the cumulative volume delta for the entirety of the price move (distinguishable by the superimposed zig zag line). That's really it! A more complex concept integrated with a simple output. Thank you!
Indicateur Pine Script®
par MXWLL-Capital-Trading
9
Multi-Timeframe Recursive Zigzag [Trendoscope®]🎲 Welcome to the Advanced World of Zigzag Analysis Embark on a journey through the most comprehensive and feature-rich Zigzag implementation you’ll ever encounter. Our Multi-Timeframe Recursive Zigzag Indicator is not just another tool; it's a groundbreaking advancement in technical analysis. 🎯 Key Features Multi Time-Frame Support - One of the rare open-source Zigzag indicators with robust multi-timeframe capabilities, this feature sets our tool apart, enabling a broader and more dynamic market analysis. Innovative Recursive Zigzag Algorithm - At its core is our unique Recursive Zigzag Algorithm, a pioneering development that powers multiple Zigzag levels, offering an intricate view of market movements. This proprietary algorithm is the backbone of our advanced pattern recognition indicators. Sub-Waves and Micro-Waves Analysis - Dive deeper into market trends with our Sub-Waves and Micro-Waves feature. Sub-Waves reveal the interconnectedness of various Zigzag levels, while Micro-Waves offer insight into the fundamental waves at the base level. Enhanced Indicator Tracking - Integrate and track your custom indicators or oscillators with the zigzag, capturing their values at each Zigzag level, complete with retracement ratios. This offers a comprehensive view of market dynamics. Curved Zigzag Visualization - Experience a new way of visualizing market movements with our Curved Zigzag Display, employing Pine Script’s polyline feature for a more intuitive and visually appealing representation. Built-in Customizable Alerts - Stay ahead with built-in alerts that can be customized via user input settings. 🎯 Practical Applications Our Zigzag Indicator is designed with an understanding of its inherent nature - the last unconfirmed pivot that consistently repaints. This characteristic, while by design, directs its usage more towards pattern recognition rather than direct identification of market tops and bottoms. Here's how you can leverage the Zigzag Indicator: Harmonic Patterns - Ideal for those familiar with harmonic patterns, this tool simplifies the manual spotting of complex XABCD, ABC, and ABCD patterns on charts. Chart Patterns - Effortlessly identify patterns like Double/Triple Taps, Head and Shoulders, Inverse Head and Shoulders, and Cup and Handle patterns with enhanced clarity. Navigate through challenging patterns such as Triangles, Wedges, Flags, and Price Channels, where the Zigzag Indicator adds a layer of precision to your breakout strategy. Elliott Wave Components - The indicator's detailed pivot highlighting aids in identifying key Elliott Wave components, enhancing your wave analysis and decision-making process. 🎲 Deep Dive into Indicator Features Join us as we explore the intricate features of our indicator in more detail. 🎯 Multi-Timeframe Capability Our indicator comes equipped with an input option for selecting the desired resolution. This unique feature allows users to view higher timeframe Zigzag patterns directly on their lower timeframe charts. 🎯 Recursive Multi Level Zigzag Our advanced recursive approach creates multi-level Zigzags from lower-level data. For instance, the level 0 Zigzag forms the base, calculated from specified length and depth parameters, while level 1 Zigzag is derived using level 0 as its foundation, and so forth. The indicator not only displays multiple Zigzag levels but also offers settings to emphasize specific levels for more detailed analysis. 🎯 Sub-Components and Micro-Components of Zigzag Wave Sub-components within a Zigzag wave consist of the previous level's Zigzag pivots. Meanwhile, the micro-components are composed of the base level (Level 0) Zigzag pivots encapsulated within the wave. 🎯 Curved Zigzag Experience a new perspective with our curved Zigzag display. This innovative feature utilizes the polyline curved option to automatically generate sinusoidal waves based on multiple points. 🎯 Indicator Tracking Default indicators such as RSI, MFI, and OBV are included, alongside the ability to track one external indicator at each Zigzag pivot. 🎯 Customizable Alerts Our indicator employs the `alert()` function for alert creation. While this means the absence of a customization text box in the alert settings, we've included a custom text area for users to create their own alert templates. Template placeholders include: {alertType} - type of alert. Either Confirmed Pivot Update or Last Pivot Update. Depends on the alert type selected in the inputs. When Last Pivot Update type is selected, the alerts are triggered whenever there is a new Zigzag Pivot. This may also be a repaint of last unconfirmed pivot. When Confirmed Pivot Update type is selected, the alerts are triggered only when a pivot becomes a confirmed pivot. {level} - Zigzag level on which the alert is triggered. {pivot} - Details of the last pivot or confirmed pivot including price, ratio, indicator values and ratios, subcomponent and micro-component pivots. 🎲 User Settings Overview 🎯 Zigzag and Generic Settings This involves some generic zigzag calculation settings such as length, depth, and timeframe. And few display options such as theme, Highlight Level and Curved Zigzag. By default, zigzag calculation is done based on the latest real time bar. An option is provided to disable this and use only confirmed bars for the calculation. Indicator Settings Allows users to track one or more oscillators or volume indicators. Option to add any indicator via external input is provided. 🎯 Alert Settings Has input fields required to select and customize alerts.
Indicateur Pine Script®
par Trendoscope
23
Zigzag Tails [Trendoscope®] 🎲 Introducing Zigzag Tails Indicator by Trendoscope. The Zigzag Tails Indicator, a groundbreaking tool from Trendoscope, redefines technical analysis by seamlessly integrating anchored VWAPs (Volume Weighted Average Prices) and Average Price calculations with Zigzag pivot points. This advanced indicator recalculates Average Price or VWAP from one Zigzag pivot to the next, offering unparalleled insights into market movements. 🎯 Innovative Design Each Zigzag pivot can feature up to three distinct tails, corresponding to the high, low, and close prices of each candle. Users have the flexibility to select between Average Price and VWAP for display on their charts. By default, the indicator plots all three tails, but individual tail visibility is customizable via the settings panel. Average Price Mode: When selected, tails depict the average price across a specified number of bars. VWAP Mode: In this mode, tails represent the VWAP, calculated for a given price over a set number of bars. 🎯 Dynamic Dotted Tail The Zigzag Tails Indicator features dotted tails that extend from the last Zigzag pivot to the current bar. These dotted tails dynamically adapt to market changes and are subject to repainting with the emergence of new Zigzag pivots. When repainting is enabled, the dotted tails originate from the last unconfirmed Zigzag pivot, extending to the current bar. This setting offers a more immediate, albeit tentative, visual representation of market trends. With repainting disabled, the dotted tails will be anchored from the last confirmed Zigzag pivot to the current bar, providing a more stable but slightly delayed market analysis. Irrespective of the repaint option, the dotted dynamic tails is always expected to repaint. 🎯 Practical Applications The Zigzag Tails Indicator provides more accurate support and resistance levels than traditional VWAP, rolling VWAP, or moving averages. Its precision makes it an invaluable tool for identifying trends, as well as potential trend continuations or reversals. 🛠 Indicator Settings Zigzag Configuration: Zigzag Length determines the loopback length for the foundational Zigzag calculation. Number of Bars represent the calculation distance. This limitation is added to avoid runtime errors on lower timeframes. The calculations run through lots of loops. Hence, if it is run across too many bars, we may get timeout issues. Repaint: Activating this will also display the last, unconfirmed Zigzag pivot. Since the last pivot is inherently tentative, it may repaint with the arrival of new bars. A pivot is confirmed only when a subsequent unconfirmed pivot emerges on the chart. Tail Configuration Tail Type: Choose between average and VWAP for the tail calculation. The average option plots a simple average, while the VWAP option calculates an anchored VWAP from pivot to pivot. Display Options: Tailored display options for High, Low, Close prices, with customizable colors for each tail type. Inspired by the ideas of @KioseffTrading's implementation of Zigzag Anchored VWAP
Indicateur Pine Script®
par Trendoscope
14
Volatility ZigZagIt calculates and plots zigzag lines based on volatility and price movements. It has various inputs for customization, allowing you to adjust parameters like source data, length, deviation, line styling, and labeling options. The indicator identifies pivot points in the price movement, drawing lines between these pivots based on the deviation from certain price levels or volatility measures. The script labels various data points at the ZigZag pivot points on the chart. These labels provide information about different aspects of the price movement and volume around these pivot points. Here's a breakdown of what gets labeled: Price Change: Indicates the absolute and average percentage change between the two pivot points. It displays the absolute or relative change in price as a percentage. Additionally, the average absolute price increase or the average rate of increase can also be labeled. Volume: Shows the total volume and average volume between the two pivot points. Number of Bars: Indicates the number of bars between the current and the last pivot point. Reversal Price: Displays the price of the reversal point (the previous pivot).
Indicateur Pine Script®
par brettkind
26