Hello All, For long time I have been getting many requests about Gann Fan indicator. now we have linefill() function in Pine Language and I think it's right time to make Gann Fan Indicator. Many Thanks to Pine Team for adding many new features to the Pine Language! How this indicator works: - It calculates midline (1/1) - By using midline it calculates...
Average Lines This script beholds several new exiting Pine stuff: - linefill, fill of line.new - last_bar_index, gives the bar_index of the last bar, already at the beginning of the script! (like 'timenow', but now with bar_index) The script is about pivot points, if there is one, it draws a line from the last to every previous one, then it extends this line to...
Draft release: This indicator shows the comparative returns from US bonds vs BTC. I was inspired by this Twitter thread: twitter.com If you compare the price action of Bitcoin against bond returns over the last year, there's an extraordinary degree of correlation. This may give insights into what's coming next for BTC , but at some point the relationship will...
Draft release: This indicator shows the US 10year bond returns. I was inspired by this Twitter thread: twitter.com If you compare the price action of Bitcoin against bond returns over the last year, there's an extraordinary degree of correlation. This may give insights into what's coming next for BTC, but at some point the relationship will inevitably break...
Volatility Contraction is a strong trading setup for Positional Traders. It works on following time frame: Daily, Weekly and Monthly.
This script is useful as a quick glance for checking the theoritcal price of the Call and Put option strike. Spot price is automatically derived from live market. Enter the strike price and IV value. For NSE stocks, use 6% as risk free rate if not sure.
It is combination of Built in Super trend and Adx with take profit uptrend is considered when +dmi is above -dmi and +dmi is above 25 and adx is above 25 and supertrend gives Buy downtrend is considered when -dmi is above +dmi and -dmi is above 25 and adx is above 25 and supertrend give sell use fibo for target by taking as previous swing high and swing low...
The script is ADX-DMI modified verison -Adx is labeled as Weak trend Below 25 and strong Trend above 25 -Hline is drawn at 25 for better clarification of crossover above 25 -Wait for crossover in +dmi and -dmi and to cross above 25 for any trend clarifcation -crossover i.e upside cross of +dmi over -dmi is shown buy UP shape -crossunder i.e downside cross...
This is the updated v5 for PineScript 5. 20x Rate of Change indicators into 1 indicator. Plus a built-in moving average for the 20xROC can be plotted with its own MA, which simplifies the visual rendering. Auto settings can be used, which have automatic preset lengths based on the timeframe used. Middle line 0 is important as it is a positive and negative...
While the indicator is working on any stock chart, it shows the two ema average breakdown/breakup of the index or any other stock with an arrow. In this way, you will be able to follow the ema intersections of the index chart while working on a normal stock chart. I will add other moving average options if you like it. I hope you will be satisfied using it....
For trades around the 200 EMA. Trends begin at the 200 EMA location. And the 12/26 crossovers provide the momentum to take a trendy trade
What is Swing EMA? Swing EMA is an exponential moving average crossover-based indicator used for low-risk directional trading. it's used for different types of Ema 20,50,100 and 200, 3 of them are plotted on chat 20,100,200. 100 and 200 Ema is used for showing support and resistance and it contains highlights area between them and its change color according...
This script is made to identify Elliot Waves by setting a zigzag line as principal source, it identifies patterns with the most common rules, in the chart you will see a number in each wave detected, a wave could have the characteristics to be two different waves so it will be plotted the options that could be, To identify which one is most trustable I suggest to...
Relative Strength (RS) - S&P500 Relative Strength with compare to SPX - US S&P 500. This indicator shows Strength compare to SPX.
Visually see how well a symbol tracks another's movements, without taking price deltas into account. For example, a 1% move on the index and a 5% move on the target will return a DCC value of 1. An index move of 0.5% on the index and a 10% move on the target will also return a DCC value of 1. The same happens for downward moves. The SMA value can be set to...
What this indicator does is gather the volume of different brokers which with the sum we can see the number of contacts traded at a 70 to 80% take into account that the volume used it's from traidinvview * Keep in mind that it will not work in all brokers since some brokers do not provide us with the volume. * In the inputs you must place the brokers or...
This script generates a Major Arcana Tarot card for each candle at its close. The candle is divided into 22 sections, each section corresponding to one of the Major Arcana. When a candle closes, it closes in one of those 22 sections and that generates the card. You could read green candles as upright and red candles as reversals. Uses ---- Use this to pull a...
This script lets you draw the 21/50/100/200 EMAs of the daily (or hourly) timeframe on lower time frames. This was modified from : @ZenAndTheArtOfTrading