This idea was taken from "Trading Systems and Methods - 2013".
"The decision to remove low volume days, or intervals, means that a series of low volume days that results in a collective change will be ignored. If you have decided that removing those days makes sense, then measure the daily or intraday volume against a threshold created using the average volume...
This indicator looks for cracks (de-correlation of 2 indicators), what you have to do is simple, first look at the trend in a higher frame, there are many indicators for this, then look for cracks as wide as possible (you can configure the size in the configuration) and that they are not close to important supports / resistances. This indicator can be very useful...
Stochie is the StochRSI indicator and is part of the ''keeping it simple' series that have a similar color scheme. The Stochastic RSI technical indicator applies the Stochastic Oscillator to values of the Relative Strength Index (RSI). The indicator thus produces two main plots FullK and FullD oscillating between oversold and overbought levels. The StochRSI can...
Marsie is an EMA-RSI indicator and part of the 'keeping it simple' series that have a similar color scheme. The RSI 'Relative Strength Index' is a momentum oscillator, measuring the velocity and magnitude of directional price movements. it is measured from 0 - 100 with 30 and 70 being low "oversold" and high "overbought" conditions. It is also commonly used to...
This was a follower suggested script. This script shows an example of how to create a custom alert message using the alertcondition() function in pine.
Features:
- Well documented code with links to documentation for specific functions.
- Two alertconditions in a different order than the plots they reference to show the importance of plot IDs.
In order to...
Hello traders
This is a Pine adaptation of this FXCM LUA indicator
Seems to be made mostly for tick data (< 1 min timeframe) and advanced scalpers
Always interesting to see that Pinescript is much easier than most of other trading programming languages out there :)
PS
You might like checking the data window panel from TradingView and mouseover your cursor...
This is a useful volatility indicator to be used on a Daily time Frame
and paired with the Market Regime indicator.
Gray means that the markets have low volatility (calm) and might be consolidating before resuming or reversing the trend.
Teal means that volatility is somewhere around the average.
And Yellow means it has spiked up and we are in a high volatility...
A quick indicator that shows what type of market we are in.
To be used on Daily Charts.
The color gray shows we are lacking conviction and we are waiting for a move.
Red means bear market - stay out or reduce positions.
Green means it's a bull.
There's 2 levels of intensity. Regular bull (light green), Super Bull (dark green),
Regular bear (light red) and...
The PSO is a rewired version of a short-period stochastic. Unlike a standard stochastic oscillator, this indicator is normalized to register neutral values at zero while providing greater sensitivity to short-term price moves. This indicator uses a central zero line as a reference point and will oscillate above and below this point as price fluctuates. In...
hull moving averages have exceptional characteristics when determining the trend.
consequently I offer you a method that I have been studying for a while where the hull moving average of 21 periods is essential, since by reacting quickly to changes in the price you can make anticipations of the direction of the price very effective.
the use of the hna of 21 is...
This was a follower suggested script. This script compares the USDT and BTC relative prices of a particular altcoin traded on Binance by calculating it's USDT price comparative to BTC. This is a very simple calculation (ALT/USDT price divided by ALT/BTC price). From there, we simply subtract the BTC/USDT price from the ALT ration price and we can see if a coin...
New Indicator from John F. Ehlers issued in the February 2020 Technical Analysis of Stocks and Commodities article "Reflex: A New Zero-Lag Indicator"
This indicator includes both studies described in the article and intend to significantly reduce the lag of the signal compared to other oscillators.
Reflex for the cycle component and is more sensitive to major...
Hello traders
Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index)
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR *...
![BTCUSD: Custom Alert Message With alertcondition Example [BigBitsIO]](https://s3.tradingview.com/k/KCvWQd2z_mid.png "Custom Alert Message With alertcondition Example [BigBitsIO]")
![BTCUSD: Binance BTC ALT Ratio Difference [BigBitsIO]](https://s3.tradingview.com/j/jSa0Eb0S_mid.png "Binance BTC ALT Ratio Difference [BigBitsIO]")
![XBTUSD.P: [e2] Reflex & Trendflex](https://s3.tradingview.com/6/6tSfPE3W_mid.png "[e2] Reflex & Trendflex")
