3 EMAs will help identify and predict uptrends and downtrends -If EMAs are all above the candles it a sign to sell & if the EMAs are below its a sign to buy - If the Green-8 EMA crosses or touches red candle then flips under the other EMAs & candles then it's time to sell -If the Green-8 EMA crosses or touches green candle then flips above the other EMAs &...
Very script to identify Doji's for trend reversal and alerting. I intentionally left out identification of other candle types to make it simple for people who are using HA candles in particular.
Hello traders and aspiring Pinescripters You might remember this script Supertrend-Heatmap-Multi-timeframes/ ? A follower, asked me in a comment to do a version where YOU guys can select the timeframes Well... what follower asks, follower (sometimes) gets. I'm not Santa Claus but this is Christmas with a few months in advance (#oh #oh #oh)
Despite I am not a big fan of Renko I spent some time to solve a common problem of chart type identification using absolutely obvious technique: Renko bricks have the same size. That's all. Not a cutting-edge maths. This tool allows to identify: ATR Renko charts (see ^) Traditional Renko charts Here is example for Traditional Renko: It also...
Monthly, weekly and daily open indicators.
This strategy is used as a benchmark to see how it compares with other strategies posted by me recently. In all, the below collection of candlestick patterns appears to be one of the best among the ones that can be found here, imho.
Tested on 5m TF with EURUSD. Settings should be modified appropriately for other TFs, lookbacks and securities. This indicator does not repaint.
So I make hybrid using Alex Grover and follow the trend line script I think it more accurate this way to show channels of trends The length of the curve set to 100 , you can make it smaller if you want to see smaller channels for analysis here on daily chart you can see how accurate it show the trend reverse from march to bullish trend
EVWMA Guppy multiple moving average ribbon Same script as the other one however this time, it uses a more traditional "Guppy" colour scheme Script turns grey during indecision, then the colours are shown when the ribbon is spread
//Modify DanyChe script to work in latest version of pinescript //The script allows you to test popular candlestick patterns on various instruments and timeframes. In addition, you can configure risk management (if the value is zero, it means the function is disabled), and you can also specify the time of the trading session (for example, so that the positions are...
//I saw this code from DanyChe, i modify it to work on the latest version of pinescript //The script allows you to test popular candlestick patterns on various instruments and timeframes. In addition, you can configure risk management (if the value is zero, it means the function is disabled), and you can also specify the time of the trading session (for example,...
this study is another script based on the candlestick pattern . there are a few filters implemented to be applied to the output result to clear out noises. it sounds like finding real Dark Cloud Cover instances are too rare (interesting though!). Dark Cloud Cover it is a bearish reversal candlestick pattern where a down candle (typically bearish) opens...
this study is the first one of a series of scripts based on the candlesticks pattern which will be published over time. There are several such scripts out there that can be found on TradingView but they seem to be inaccurate with a lot of noises and messy hard to understand code. In this script, I've tried to have a clean and easy to get of the pattern itself and...
Introduction Bands and trailing stops are important indicators in technical analysis, while we could think that both are different they can be in fact closely related, at least in the way they are made. Bands and trailing stops can be made from a simple central tendency estimator, like a moving average, and from a volatility estimator like standard deviation,...
Hello everyone I received a ton of requests for this script so I decided to share it I did it for a client who didn't want to pay (you can all blame... or even thank him for this script) in the end and I don't want to sell it on my website. Not because it's not interesting but because my website will be a place to showcase and rent the Algorithm Builders...
Holt's Forecasting method Holt (1957) extended simple exponential smoothing to allow the forecasting of data with a trend. This method involves a forecast equation and two smoothing equations (one for the level and one for the trend): Forecast equation: ŷ = l + h * b Level equation: l = alpha * y + (1 - alpha) * (l + b) Trend equation: b = beta * (l - l)...
The script allows you to test popular candlestick patterns on various instruments and timeframes. In addition, you can configure risk management (if the value is zero, it means the function is disabled), and you can also specify the time of the trading session (for example, so that the positions are not transferred to the next day). The author is grateful to...
This is another among zillions of attempts at a moving average of a security. More precisely, two attempts at one go). The zzoid function generates a zigzag-like MA that can adopt different forms. The stepline function creates, sure enough, a stepline.