This study project is a Scalping Pullback trading Tool that incorporates the majority of the indicators needed to analyse and scalp Trends for Pull Backs and reversals on 1min, 5min or 15min charts. The set up utilies Heikin Ashi candle charts. Incorporated within this tool are the following indicators:
1. Major industry (Banks) recognised important...
By request this is an updated version of the "PullBack Trading Tool": removes experimental "OCC" channel, added option to display ribbons or just single moving average lines, added alert arrows for "PB" exits, added alertcondition for TV alarm subsystem, added some extract options for Pivot points and general cleanup of code.
This indicator uses Heiken Ashi candle data to plot trend strength signals to your chart.
Bright Green: Heiken Ashi candle data is still putting in higher lows and higher highs, and the price closed above the previous low.
Dark Green: Heiken Ashi candle closed green, but had a lower low or lower high (trend weakening).
Bright Red: Heiken Ashi candle data is still...
B3 Buyer-Seller Breakouts = If a bar is showing that it is moving in a direction with highs lows and close, all of which are >respectively< moving against the open from the bar before, then it prints indicating buyers or sellers bringing momentum. The arrows and cloud carry into the next bar to give lots of awareness of the micro-term momentum. The cloud...
Uses two sets of MACD plus an RSI to either long or short. All three indicators trigger buy/sell as one (ie it's not 'IF MACD1 OR MACD2 OR RSI > 1 = buy", its more like "IF 1 AND 2 AND RSI=buy", all 3 match required for trigger)
The MACD inputs should be tweaked depending on timeframe and what you are trading. If you are doing 1, 3, 5 min or real...
Pinescript v3 Compatibility Framework (v4 Migration Tool)
This code makes most v3 scripts work in v4 with only a few minor changes below. Place the framework code before the first input statement.
You can totally delete all comments.
- to port to v4 you only need to make a few simple changes, not affecting the core v3 code functionality
This is a tool, shows the volume variation % strength related to the X past candles.
The current candle is shown in real time, until candle closes.
The visualization of the candle time to close is a thin line, that is 100% for all past candles and slowly goes up for the current candle.
Best with an example:
with a 4h candle, 1 hour has wasted already. This is...
This is a tool. Do with it what you like :)
The ghost candle works by drawing a bigger time frame candles in ghost mode over a chart. The time frame is default of 4h, can be changed in the "format" pop-up.
What we see in a time frame as the "wick", is really a set of candles when looked at lower resolutions/timeframes, that info is crunched into the OHLC...
This is a simple script to assist you in manual backtesting! Perfect for the NNFX crowd or anyone that enjoys manual backtesting.
1. Slap this bad boy on your chart.
2. Adjust period and multiplier (defaults are 14 period and 1.5x).
3. Put on the indicator/system you are testing.
4. Enter bar replay mode.
5. Drag your long/short position take profit and...
Apologies, there was an error in printing for the thick gray boxes, happened when MTF was switched on. All better, and here is the details from before:
This is an interesting study that can be used as a tool for determining trend direction, and also could be a trailing stop setter. I use it as a gauge on MTF settings. If on, you can look at the bar cycle of the...
Another tool for the cooltoyz series :)
tired of having to look at multiple time frames for a ticker, and having to mentally mix them to try to guess/visualize trends, or support/resistance levels? so was i, and with this tool i let the chart do the heavy lifting :)
with this, upper time frames are visualized as shadows imposed on the chart itself. there are...
This is an interesting study that can be used as a tool for determining trend direction, and also could be a trailing stop setter. I use it as a gauge on MTF settings, in the pic MTF is turned off. If on, you can look at the bar cycle of the 1h while on the 15m giving you a lot of information in one tool. If a line is missing high or low, it is because it was...