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Combo Backtest 123 Reversal & Gann Swing Oscillator This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy The Gann Swing Oscillator has been adapted from Robert Krausz's book, "A W.D. Gann Treasure Discovered". The Gann Swing Oscillator helps define market swings. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script®策略
由HPotter提供
Combo Strategy 123 Reversal & Gann Swing Oscillator This is combo strategies for get a cumulative signal. First strategy This System was created from the Book "How I Tripled My Money In The Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies. The strategy buys at market, if close price is higher than the previous close during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50. The strategy sells at market, if close price is lower than the previous close price during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50. Second strategy The Gann Swing Oscillator has been adapted from Robert Krausz's book, "A W.D. Gann Treasure Discovered". The Gann Swing Oscillator helps define market swings. WARNING: - For purpose educate only - This script to change bars colors.
Pine Script®指標
由HPotter提供
2
Modified Gann HiLo ActivatorIntroduction The gann hilo activator is a trend indicator developed by Robert Krausz published into W. D. Gann Treasure Discovered: Simple Trading Plans for Stocks & Commodities . This indicator crate a trailing stop aiming to show the direction of the trend. This indicator is fairly easy to compute and dont require lot of skills to understand. First we calculate the simple moving average of both price high and price low, when the close price is higher than the moving average of the price high the indicator return the moving average of the price low, else the indicator return the moving average of the price high if the close price is lower than the moving average of the price low. My indicator add a different calculation method in order to avoid whipsaw trades as well as adding significance to the moving average length. A Median method has been added to provide more robustness. The Indicator The indicator is a simple trailing stop aiming to show the direction of the trend. The indicator use a different source instead of the price high/low for its calculation. The first method is the "SMA" method which like the classic hilo indicator use a simple moving average for the calculation of the indicator. Sma Method with length = 25 The "Median" use a moving median instead of a simple moving average, this provide more robustness. Median Method with length = 25 The shape is less curved and the indicator can sometimes avoid whipsaw with high's length periods. Mult Parameter The mult parameter is a parameter set to be lower or equal to 1 and greater or equal to 0. High values allow the indicator to be far from the price thus avoiding whipsaw trades, lower ones lower the distance from the price. A mult parameter of 0.1 approximate the original hilo indicator. In blue the indicator with mult = 0.1 and in radical red the original hilo activator. Conclusion The modifications allow more control over the indicator as well as adding more robustness while the original one is destined to fail when market price is more complex. Thanks for reading :) For any questions/suggestions feel free to pm me
Pine Script®指標
由alexgrover提供
20
Fast ROI checker 50% Gann RetracementThis script is based on the Gann's 50% Retracement rule. First, the ATH (All Time High) and ATL (All Time Low) are calculated; then, the 50% retracement level is found. With this 50% level, we'll calculate the maximum price entry to keep a ROI which is set in the parameters. For exemple, I only want to buy assets which can make a x16 before the 50% retracement , the script will calculate the maximum entry to respect this ROI . If the Max entry price is above the ATL , the line will be green; if not, the line will be red. To faster the search in the watchlist, when the price is between the Max Entry line and the ATL line, the background is painted in green. It's not an investment strategy, you have to find your proper indicators to make purchases. Enjoy !
Pine Script®指標
由UnknownUnicorn4889556提供
Rev & Line - CoffeeKillerRev & Line - CoffeeKiller Indicator Guide 🔔 Warning: This Indicator Repaints 🔔 This indicator uses real-time calculations that may change based on future price action. As a result, signals (such as arrows, lines, or color changes) **can and will repaint** — meaning they may appear, disappear, or shift after a candle closes. **Do not rely on this tool alone for live trading decisions.** Use with caution and always confirm with non-repainting tools or additional analysis.(This indicator is designed to show me the full length of the trend and because of this there can be a smaller movement inside of the trend movement) Welcome traders! This guide will walk you through the Rev & Line indicator, a sophisticated technical analysis tool developed by CoffeeKiller that combines multiple methodologies to identify market pivots, trends, and potential reversal points. Core Components 1. ZigZag Analysis - Dynamic pivot detection using ATR (Average True Range) - Customizable sensitivity through ATR Reversal Factor - Color-coded trend lines (green for upward, red for downward) - Optional vertical lines at pivot points - Real-time pivot point analysis 2. Donchian Channel Integration - Traditional upper, lower, and middle bands - Customizable length and displacement - Channel-based entry signals - Dynamic market structure visualization 3. Marker Lines System - Dynamic support/resistance level tracking - Pivot-based reset mechanism - Optional fill zones between markers - Percentage position tracking within range 4. Signal Generation System - Confluence between ZigZag pivots and Donchian channels - Up/down arrow visualization - Alert system Main Features ZigZag Settings - ATR Reversal Factor: Controls pivot sensitivity (default 3.2) - Customizable line appearance: Width control (default: 3) Color selection (green for uptrend, red for downtrend) Vertical line options at pivot points Maximum vertical lines display limit - Hide repainted option for more reliable signals Donchian Channel Configuration - Optional channel visibility toggle - Length parameter for lookback period (default: 20) - Displace option for time offset - Bubble offset for visual placement Marker Lines System - High/low/middle marker lines with step-line visualization - Dotted line projections for future reference - Pivot-based reset mechanism - Color-coded percentage position display Signal Generation - Triangle markers for signals - Combined ZigZag and Donchian confluence - Alert system for notifications Visual Elements 1. Pivot Lines - Green: Upward price movements - Red: Downward price movements - Customizable line width - Optional vertical pivot markers with style options: Solid lines for confirmed pivots Dashed lines for older pivots Dotted lines for most recent pivots 2. Donchian Channels - Upper band (red): Resistance level - Lower band (green): Support level - Middle band (yellow): Median price line - Customizable display options 3. Marker Lines - High marker line (magenta): Tracks highest open price - Low marker line (cyan): Tracks lowest open price - Middle marker line (blue): 50% level between high/low - Dotted line extensions for future price projections 4. Position Tracking - Percentage position display within marker range - Real-time calculations from 0% to 100% - Label system for visual reference Trading Applications 1. Trend Following - Enter on confirmed ZigZag pivot points - Use Donchian channel boundaries as targets - Trail stops using marker lines - Monitor for confluence between systems 2. Counter-Trend Trading - Trade bounces from marker lines - Use pivot confirmation for entry timing - Set stops based on recent pivot points - Target the opposite marker line 3. Range Trading - Use high/low marker lines to define range - Trade bounces between upper and lower markers - Consider middle marker for range midpoint - Monitor percentage position within range 4. Breakout Trading - Enter on breaks above/below marker lines - Confirm with Donchian channel breakouts - Use ZigZag pivot confirmations - Wait for arrow signals for additional confirmation Optimization Guide 1. ZigZag Parameters - Higher ATR Factor: Less sensitive, major moves only - Lower ATR Factor: More sensitive, catches minor moves - Adjust line width for chart visibility - Balance vertical line count for clarity 2. Donchian Channel Settings - Longer length: Smoother channels, fewer false signals - Shorter length: More responsive, but potentially noisier - Displacement: Offset for historical reference - Consider timeframe when setting parameters 3. Marker Line Configuration - Enable/disable based on trading style - Toggle middle line for additional reference - Adjust colors for visual clarity - Enable/disable labels as needed 4. Signal Generation - Use "Hide repainted" option for more reliable signals - Combine ZigZag and Donchian signals for confirmation - Set alerts based on confirmed pivot points - Balance sensitivity with reliability Best Practices 1. Signal Confirmation - Wait for confirmed pivot points - Check for Donchian channel interactions - Confirm with price action - Look for arrow signals at pivot points 2. Risk Management - Use recent pivot points for stop placement - Consider marker line boundaries for targets - Don't trade against strong trends - Wait for clear confluence between systems 3. Setup Optimization - Start with default settings - Adjust based on timeframe - Fine-tune ATR sensitivity - Match settings to trading style Advanced Features 1. Alert System - Customizable arrow alerts - Pivot point notifications - Text message alerts with ticker information - Once-per-bar frequency option 2. Pivot Detection Logic The indicator uses a sophisticated state-based approach to detect pivots: - State transitions between "uptrend," "downtrend," and "undefined" - ATR-based reversal detection - Minimum movement threshold for pivot confirmation - Historical pivot tracking and labeling 3. Marker Line Reset Mechanism - Marker lines reset based on pivot detection - Dynamic support/resistance level adjustment - Percentage position calculation within range - Automatic updates as market structure changes Remember: - Combine multiple confirmation signals - Use appropriate timeframe settings - Monitor both ZigZag and Marker signals - Pay attention to Donchian channel interactions - Consider market volatility when trading This indicator works best when: - Used with proper risk management - Combined with other technical tools - Applied to appropriate timeframes - Signals are confirmed by price action **DISCLAIMER**: This indicator and its signals are intended solely for educational and informational purposes. They do not constitute financial advice. Trading involves significant risk of loss. Always conduct your own analysis and consult with financial professionals before making trading decisions.
Pine Script®指標
由CoffeeKiller提供
7
[JRL] Murrey Math LinesMurrey Math Lines are support and resistance lines based on geometric mathematical formulas developed by T. H. Murrey. MM lines are a derivation of the observations of W.D. Gann. Murrey's geometry facilitate the use of Gann's theories in a somewhat easier application. According to Gann's theory, price tends to trend and retrace in 1/8th intervals. The most important MM line levels are the 0/8, 4/8 and 8/8 levels, which typically provide strong support and resistance points. The 3/8 and 5/8 levels represent the low and high of the typical trading range. When price is above the typical trading range, it is considered overbought, and when it is below it is considered oversold. The 2/8 and 6/8 levels provide strong pivot points. Some of the other Murrey Math indicators on TradingView use different formulas and therefore produce varying results. I've checked my indicator against MM indicators on other platforms and it is consistent with those indicators. This indicator also allows users to switch to alternative timeframes for analysis and it includes labels for the MM lines. If you have any suggestions or comments, please leave them below. Cheers!
Pine Script®指標
由JRL_6提供
34
TM_GANN_LEVELTM_GANN_LEVEL indicator have price values those play an important role in market structure explanation. This indicator is used with Day_Price _Level indicator with common values . These price level must be draw with common values of swing? day levels and must be used during trading decision. Value with " * " shows important level or a price cycle between two " * " values Price respect to these levels if used with proper logic. All the levels are very important . Use the Below Contacts to Access this Indicator
Pine Script®指標
由TradingMind24提供
1
PrasiGanFanFibntroduction This is a combination of Fibonacci and Gann fan /retracements. The script can automatically draw as many: Fibonacci Retracements Fibonacci Fan Gann Retracements Gann Fan as the user requires on the chart. Each level set or fan consists of 7 lines based on the most important ratios of Fibonacci/ Gann . Basics What are Fibonacci retracements? Fibonacci retracement levels are horizontal lines that indicate where support and resistance are likely to occur. They stem from Fibonacci’s sequence. Each level is associated with a percentage which is how much of a prior move the price has retraced. The Fibonacci retracement levels are 23.6%, 38.2%, 61.8%, and 78.6%. While not officially a Fibonacci ratio, 50% is also used. The indicator is useful because it can be drawn between any two significant price points, such as a high and a low. The indicator will then create the levels between those two points. What are Gann retracements? A developer of technical analysis and trading was W.D. Gann . Gann theory expects a normal retracement of 50 percent. This means that under normal selling pressure, the stock price will decline half the amount of its most recent rise, and vice versa. It also suggests that retracements occur at the halfway point of a move, such as 25 percent (half of 50 percent), 12.5 percent (half of 25 percent), and so on. What is Fibonacci fan? Fibonacci fan is a set of sequential trend lines drawn from a trough or peak through a set of points dictated by Fibonacci retracements. The first step to create it is to draw a trend line covering the local lowest and highest prices of a security. To reach retracement levels, the trader divides the difference in price at the low and high end by ratios determined by the Fibonacci series. The lines formed by connecting the starting point for the base trend line and each retracement level create the Fibonacci fan. What is Gann fan? A Gann fan consists of a series of lines called Gann angles. These angles are superimposed over a price chart to show potential support and resistance levels. The resulting image is supposed to help technical analysts predict price changes. Gann believed the 45-degree angle to be most important, but the Gann fan also draws angles at degrees like 75, 63.75, 26.25 and 15. The Gann fan originates at a low or high point. The resulting lines show areas of potential future support and resistance . The 45-degree line is known as the 1:1 line because the price will rise or fall at a 45-degree angle when the price moves up/down one unit for each unit of time. All other lines in the Gann fan are drawn above and below the 1:1 line. The other angles are associated with 2:1, 3:1, 4:1, 8:1 and 1:8, 1:4, 1:3, and 1:2 time-to-price moves. Challenges The most of the time I dedicated to writing this script has been spent on handling these problems: 1. Finding Local Highest/Lowest Prices In order to draw Fibonacci and Gann fan /retracements, it's necessary to find local highest and lowest price points (Extrema) on the chart. As this could be so challenging, most traders and coders draw the lines covering the low and high prices over a given period of time or a limited number of bars back instead. I already wrote an indicator using this approach (Auto Fibonacci Combo). In this new script I tried to find the exact highest and lowest prices based on this idea that: if a high point is formed lower than previous high which was after a lowest point, then that previous one was the local highest point, and vice versa if a low point is formed higher than previous low which was after a highest point, then that previous one was the local lowest point. So logically an extremum price on the chart won't be found until the next high/low point is formed. 2. Finding Proper Chart Scale for Gann Fan Based on the theory, Gann angles are sensitive to the chart price scale and in order to have the right angles, the chart must be made with the proper scale. J.A. Hyerczyk in his book "Pattern, Price & Time - Using Gann Theory in Technical Analysis" suggests that the easiest way to determine the scale of a market is by taking the difference between top-to-top and bottom-to-bottom and dividing it by the time it took the market to move from top to top and bottom to bottom. Thus on a properly constructed chart, the basic equation for calculating Gann angles is: Price * Time. 3. Drawing Fans and Relocating Fan Labels at Each New Bar in Pine (A Programming-Related Subject) To do this, I used linear equations and line slopes. Of course it was so complicated and exhausting, but finally I overcame that thanks to my genius cousin. Settings and Usage By default, the script shows detected extremum points plus 1 Fibonacci fan, 1 Gann fan , 1 set of Fibonacci retracements and no Gann retracements on the chart. All of these could be changed in the indicator settings beside the color and transparency of each line. Feel free to use this and send me your thoughts!
Pine Script®指標
由Prasi456提供
4
NIFTY BANKNIFTY MIDCAP SENSEX FINNIFTY LEVELS)this indicator uses Gann's methods which are based on the idea that markets move in predictable geometric patterns and are influenced by time and price. Key Concepts of Gann Levels: Gann Angles: Gann believed that specific angles could indicate the trend of a market. The most notable is the 45-degree angle, which he called the "1x1" or "45-degree line." Angles are drawn from a significant price point, such as a high or low, and represent the speed or slope of the price movement. Gann Square of 9: A mathematical tool that calculates support and resistance levels based on the square root of numbers and their geometric relationships. It aligns numbers in a spiral format, starting from a central point, and helps identify key price levels at certain degrees. Gann Fan: A series of lines drawn at specific angles from a significant high or low. Common angles include 1x1 (45°), 2x1 (26.25°), and 1x2 (63.75°). These angles help traders identify potential areas where the trend might accelerate, decelerate, or reverse. Gann Retracements: Levels based on key price ratios derived from natural laws and geometric principles. Common Gann retracement levels include 12.5%, 25%, 50%, and 75%. Time Analysis: Gann emphasized the importance of time cycles. He believed markets move in time-based patterns, such as yearly cycles, seasonal cycles, or specific time intervals.
Pine Script®指標
由The_divine_soul-ANKIT提供
Enigma Unlocked 2.0Description for "Enigma Unlocked 2.0" Pine Script Indicator Overview Enigma Unlocked 2.0 is an advanced and highly customizable indicator designed to deliver actionable buy and sell signals by leveraging precise candlestick logic during specific market transitions. This indicator is built for flexibility, helping traders identify high-probability trade setups during key trading periods, specifically the transitions between the Asian Kill Zone and London Kill Zone as well as the London Kill Zone and New York Kill Zone on the 30-minute timeframe. By combining Enigma Unlocked 2.0 with the ICT Killzones & Pivots indicator, traders can gain a deeper understanding of the timing and location of these transitions. Waiting for signals during these defined kill zones increases the likelihood of finding high-probability trade setups. How to Use Follow the Kill Zone Transitions: Use the ICT Killzones & Pivots indicator to clearly visualize the boundaries of the Asian, London, and New York kill zones. Focus on the signals generated by Enigma Unlocked 2.0 that align with these kill zone transitions. Plotting Entries and Targets with Gann Box: For Buy Signals: Use the Gann Box tool to mark the high and low of the signal candle. Ensure your Gann Box settings include only the 50%, 0%, and 100% levels. Your entry zone lies between the 50% and 100% levels (discount zone). This is where buy trades are expected to offer an optimal risk-reward ratio. For Sell Signals: Similarly, plot the Gann Box on the high and low of the signal candle. The 50% to 100% zone acts as the premium area for sell trades. Setting Stop Loss and Targets: To identify a safe stop loss, split the 50% zone of the Gann Box using another Gann Box. Draw the secondary Gann Box from 50% to 100% of the initial box, then extend it to double the height. For sell trades, place the stop loss above the extended 100% level. For buy trades, place the stop loss below the extended 100% level. Aim for a minimum of 1:1 risk-to-reward to ensure optimal trade management. How It Works Buy Logic: Buy Logic 1: Detects a bullish candle (close > open) that: Closes above its midpoint (50% of the candle body). Has a low lower than the previous candle's low. Buy Logic 2: Identifies a bearish candle (close < open) that: Closes above its midpoint (50% of the candle body). Has a low lower than the previous candle's low. Sell Logic: Sell Logic 1: Detects a bearish candle (close < open) that: Closes below its midpoint (50% of the candle body). Has a high higher than the previous candle's high. Sell Logic 2: Identifies a bullish candle (close > open) that: Closes below its midpoint (50% of the candle body). Has a high higher than the previous candle's high. Real-Time Alerts and Visual Cues: Green triangles below candles indicate buy opportunities. Red triangles above candles indicate sell opportunities. Built-in alert conditions notify you of signals in real-time, so you never miss a trading opportunity. Why Use Enigma Unlocked 2.0? Precision: Advanced candlestick logic ensures that signals are generated only under optimal conditions. Session-Based Filtering: Signals occur exclusively during the most active market sessions (kill zones), improving trade quality. Visualization: Simple yet effective tools like Gann Box integration and clear visual signals make this indicator easy to use and highly effective. Real-Time Alerts: Stay informed of potential trades even when you're away from your screen. Enigma Unlocked 2.0 empowers traders to harness the power of candlestick analysis and session-based strategies for disciplined and effective trading. Pair this with a solid understanding of risk management and kill zones to achieve consistent results in your trading journey.
Pine Script®指標
由Niko-picasso369提供
2
Fibonacci Archer Box [ChartPrime]Fibonacci Archer Box (ChartPrime) is a full featured Fibonacci box indicator that automatically plots based on pivot points. This indicator plots retracement levels, time lines, fan lines, and angles. Each one of these features are fully customizable with the ability to disable individual features. A unique aspect to this implementation is the ability to set targets based on retracement levels and time zones. This is set to 0.618 by default but you can pick any Fibonacci zone you like. Also included are markings that show you when Fibonacci levels are met or exceeded. These moments are plotted on the chart as colored dots that can be enabled or disabled. Along with these markings are crosses that can be shown when targets are hit. Both of these markings are colored with the related Fibonacci level colors. When there is a zig-zag, this indicator will test to see if the zig-zag meets the criteria set up by the user before plotting a new Fibonacci box. You can pick from either higher highs or lower highs for bearish patterns, and higher lows or lower lows for bullish patterns. Both patterns can be set to use both when finding new boxes if you want to make it more sensitive. You also have the option to filter based on minimum and maximum size. If the box isn't within the selected size range, it will simply be ignored. The pivot levels can be configured to use either candle wicks or candle bodies. By default this is configured to use candle wick with a lookforward of 5 and lookback of 10. We have included alerts for Fibonacci level crosses, Fibonacci time crosses, and target hits. All alerts are found in the add alert section built into tradingview to make alert creation as easy as possible. Each alert is labeled with their correct names to make navigation simple. W.D. Gann, a renowned figure in the world of trading and market analysis, is often questioned for his use of Fibonacci levels in his strategies. However, evidence points to the fact that Gann did not directly employ Fibonacci price levels in his work. Instead, Gann had his unique approach, dividing price ranges into thirds, eighths, and other fractions, which, although somewhat aligning with Fibonacci levels, are not exact matches. It is clear that Gann was familiar with Fibonacci and the golden ratio, as references to them appear in his recommended reading list and some of his writings. Despite this awareness, Gann chose not to incorporate Fibonacci levels explicitly in his methodologies, preferring instead to use his divisions of price and time. Notably, Gann's emphasis on the 50% level—a marker not associated with Fibonacci numbers—further illustrates his departure from Fibonacci usage. This level, despite its popularity among some Fibonacci enthusiasts, does not stem from Fibonacci's sequence. This is why we opted to call this indicator Fibonacci Archer Box instead of a Gann Box as we didn't feel like it was appropriate. In summary, the Fibonacci Archer Box (ChartPrime) is a tool that incorporates Fibonacci retracements and projections with an automated pivot point-based plotting system. It allows for customization across various features including retracement levels, timelines, fan lines, and angles, and integrates visual cues for level crosses and target hits. While it acknowledges the methodologies of W.D. Gann, it distinctively utilizes Fibonacci techniques, providing a straightforward tool for market analysis. We hope you enjoy using this indicator as much as we enjoyed making it! Enjoy
Pine Script®指標
由ChartPrime提供
8
Dynamic Horizontal Lines Gann levels (squares of 9) have multiple levels. Adding lines at all these levels would add too much noise on the chart. This indicator adds horizontal lines as per the Gann levels (Squares of 9) closest to the days close. The current indicator add horizontal lines at the Gann level closest to the days close. It also adds 4 lines above & below the closest Gann level I have considered Gann levels from 1 to 10000. You can append the Gann levels based on your requirements.
Pine Script®指標
由Karthikeyan_G提供
10
NoNoiseMA & SlopeHappy trade, This is a noise-reduced moving average — let's call it the No-Noise MA. A MA where false breakout price action should have little to no impact, while the main trend remains fully represented. In comparison to previous MAs this one's trend appear more linear, and sideways price actions becomes easier to detect thanks to it's unique two filter stages. In short, the No-Noise-MA (Noise-Reduced Moving Average) is calculated as the cumulative sum of the slopes derived from the center line of the last x pivot points. Let’s break it down step by step: Pivot Detection: A pivot algorithm (an adapted variant of the Bilson-Gann-Count method) identifies consecutive pivot points (high, low, high, low, etc.) in the close price series. Let's call this set of Pivots S. Center Line Calculation: Out of the set S the last x pivots are used to compute a center line (linear regression line). Always when a new pivot is confirmed, the oldest pivot in the queue is removed, and the new pivot is added. Slope Extraction: The center line is defined by its equation shown in the image below Image 1 Cumulative Slope Sum: As shown in the image 1 the slope is a series with values around zero. The No-Noise-MA is then just the cumulative sum of the slope series and a correction term. A correction term is needed otherwise the No-Noise-MA would run away over time from the original close price. The correction term is just the deviation between close price and cumulative slope sum multiply with a factor around 0.01 added to the No-Noise-MA. Noise Reduction: The goal of noise reduction is done by two filter stages. First Filter is the reduction of the input values. As shown above not all bars close prices are use, instead it uses just the pivot points delivered by the Bilson-Gann-Count method. Favorable the Bilson-Gann-Count method delivers the Pivot points in most cases much faster as other Pivot methods. Already after two bars a new Pivot is confirmed. This takes out all ups and downs between two consecutive Pivots. This first filter stage is legit because all price action in between is hedged by the Pivots. The second filter stage is the done by the length of the center line. As more pivots are used to calculate the center line as smoother the slope becomes. Out liners just gets less impact if the base is bigger. So the number of involved Pivots has the same meaning as the lengths in any other MA. Comparison with usual MAs: For a comparison with other MAs this script also calculate the average lengths of the center line, shown in the upper right chart. So choose for example SMA and set the length parameter to the average length of the center line. As shown in the following image 2. Image 2 This way both MAs have the same data base and can be objectively compared. Trend detection: The slope of the center line can be used for trend confirmation. A slope bigger then zero is an up trend while a slope smaller then zero is a down trend. And side way price action is indicated when the slope is around zero within a certain threshold. Image 3 One hint should be mentioned here. The side way section gets indicated much later. About the number of bars as the center line is long. Before that there are just up or down trend predicted. In the image 2 you see the slope is firstly tin and as more bars past by the slope becomes more thick. This should indicate the point where no side way predictions will happens anymore. Variation of calculation In the settings menu you can find the setting "Include last close to center line". With this activated the center line is calculated with the last pivots and the last close price. The last close price is assumed as a pivot too. This gives the slope a more early reaction to volatile price action. But also brings back some noise.
Pine Script®指標
由BerlinCode42提供
1
HiLo Screener█ OVERVIEW This is a screener script for the Gann Hilo Indicator . It's an excellent trend analysis indicator to spot trend reversals. █ DESCRIPTION The screener works by scanning through up to 10 symbols and list down symbols that are currently breaking the high or low mean averages as definied by the Gann Hilo Indicator. Once you add it, 2 panels will be added to your chart - the green panel will list the symbols reversing into a bullish trend and the red panel will show the symbols reversing into a bearish trend. █ HOW TO USE After adding the indicator, open the script settings and type the symbol name and length to be used on the Gann Hilo Indicator for each stock. █ FEATURES The screener can scan up to 10 symbols each time. █ LIMITATIONS The screener will scan the symbols reversing trend on the current bar, and as such, there maybe some delays depending on the stock/etf/crypto you choose. Some exchanges require an additional subscription to get realtime data.
Pine Script®指標
由starbolt提供
1