Bitfinex Open Interest ChangeThe script shows changes in Bitfinex open interest from the previous candle.
Key:
Positive green bar = Open interest increase, predominantly longs opening.
Positive red bar = Open interest increase, predominantly shorts opening.
Negative green bar = Open interest decrease, predominantly longs closing.
Negative red bar = Open interest decrease, predominantly shorts closing.
Token selection between top trading pairs is in the options.
在腳本中搜尋"the script"
Ichimoku Breakout StrategyThe Script generates signels and alerts on Kumo breakouts ,Tenkan and Kijun Crossover. It helps to catch the big moves when combined with other Indicators and Oscillators.
Note: There are possibilities for false breakouts alerts as no indicators and oscillators are 100% accurate . So please ensure to have additional Indicators and Oscillators before entering the trade.
SMI Focus1groupsThe script is different because it enables the trader to identify possible buy and sell signals in a noisy market.
Renko with custom sourceThe script allows you to set custom date source for Renko chart through Format dialog.
On Balance VolumeThe script applies an EMA to OBV . By default, the EMA=13 periods. All calculations are based off the closing price.
YK Fuller BarsThe script highlights "Fuller's pins" and generates alerts when these bars are appearing
PriceCatch Auto Fibonacci - IOHello and Warm Greetings to Tradingview community.
PriceCatch Auto Fibonacci Levels
The Problem
One of the problems faced by traders who use Fibonacci levels is that they have to draw the levels manually on their charts. It's tedious and sometimes leads to inaccuracies in identifying correct levels.
Secondly, while there are so many Auto Fibonacci scripts available in the Public Scripts Library, most of them are not really useful as they are very limited in their capability for the following reasons:
either they are based on historical bars or historical pivots - user has to enter the number of historical bars or pivots for the starting point of the Fibonacci Levels.
they are time-frame dependent. This is a very serious limitation with most scripts.
they do not offer real and practical user settings.
many of them are not actually pure Fibonacci Levels scripts.
Limitations with other Auto Fibonacci scripts
Other Fibonacci scripts ask user to specify a number of historical bars or pivots to draw the Fibonacci levels. This is a major problem with such scripts - because 50 historical bars on the daily time frame changes to 50 historical bars on the 4H if you change the chart's time-frame to 4H, thereby altering the position of the Fibonacci levels. So, the desired view that the user seeks about price action is not what he/she gets whenever the time-frame changes. Similarly with specifying Pivots. For example, for a swing trader who specifies Pivots, the number of pivots that occur in one month varies depending on the chart's time-frame. So after trying these scripts, users quickly realize that they are not really all that useful.
PriceCatch Auto Fibonacci Levels - Unparalleled advantage
The PriceCatch Auto Fibonacci Levels script that I am publishing is completely different from other Fibonacci scripts on the TradingView Public Library. My script offers users unparalleled flexibility and options to use it effectively and to suit their trading style. With PriceCatch Auto Fibonacci Levels script, user has the ability to choose a variety of options to draw the Fibonacci levels from Current Day, Previous Day all the way up to 52 weeks. Not only that, users can also set their own levels via input options and that makes it even more adaptive to a user's specific needs. So, if you do not want 0.382 level and want the level to be at 0.312, yes, you can do that with this script.
Time-frame independence
This script works independent of the chart time frame and this is it's USP. So, while your chart may be set to 15 minutes time-frame, you can set the script to draw Fibonacci levels of Previous Week, last 3 days or any other available interval of your choice and it will draw it accurately. What's more, you can change your chart's time-frame to any interval of your choice and the Fibonnacci levels stay fixed and true to the chosen option. To my knowledge, none of the other scripts offer such a feature as they are dependent on the Chart's time frame.
The Difference
With the PriceCatch Auto Fibonacci Levels script, when user chooses Previous Month to draw Fibonacci levels, it only considers the high and low of previous month and this can never change. This makes it time-frame independent and actually helpful to the user because while the Fibonacci levels are drawn based on the chosen interval's high and low, user can then choose any chart time frame to trade on the drawn Fibonacci levels. This is the crucial difference and big advantage of PriceCatch Auto Fibonacci Levels script from other scripts.
Chart type independence
PriceCatch Auto Fibonacci Levels script is also independent of chart type. You can set your chart to Bars, Japanese, Hollow, Heikin-Ashi or even line style and this script accurately draws the Fibonacci levels as the logic is independent of chart type.
Practical and really useful
I have written the script after careful study of all the other available scripts and only then took on this project. Once you look at other scripts and what they lack, you will realize my script is all-rounded, very flexible with a wide variety of options to choose from. All of these features make PriceCatch Auto Fibonacci Levels script unique, very powerful and highly useful to traders.
Use Cases
Intraday
If you trade intraday, setting the interval to 3D (3 days) will give you Fibonacci levels of last three days. This may be useful in taking intraday trades by knowing probable support and resistance levels in that period. Then, you can trade on 1 minute, 3 minutes, 5 or any other intraday time frame of your choice.
Swing / Long term trading
For swing or long term traders, setting the interval to PM (previous month) or CQ (current quarter) will help you find probable support / resistance levels in that period that you can use to plan your trades. Then, of course, with the 52W setting, you can take a really long term view of the asset.
Multiple Advantage
Since you can add the script more than once to your chart, you can set one script to a longer time frame and another to a shorter one to form a combination of Fibonacci levels to give you even more precise and desired information about price action and to help you plan/manage your trades.
Some Samples
Tesla with CQ (Current Quarter) setting
Microsoft with CM (Current Month) setting
NVAX Bar Chart in 2H with PM (Previous Month) setting
NOTE - PRIOR TO USING THIS SCRIPT:
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
Why Invite only?
I merely want to know how many traders actually show interest to use it.
QUERIES/FEEDBACK
Please PM me.
I have to thank @BJORGUM for helping me out with this script.
Hope you find this script useful. Wish everyone all the best with trading.
Synthetic Price Action GeneratorNOTICE:
First thing you need to know, it "DOES NOT" reflect the price of the ticker you will load it on. THIS IS NOT AN INDICATOR FOR TRADING! It's a developer tool solely generating random values that look exactly like the fractals we observe every single day. This script's generated candles are as fake as the never ending garbage news cycles we are often force fed and expected to believe by using carefully scripted narratives peddled as hypnotic truth to psychologically and emotionally influence you to the point of control by coercion and subjugation. I wanted to make the script's synthetic nature very clear using that analogy, it's dynamically artificial. Do not accidentally become disillusioned by this scripts values, make trading decisions from it, and lastly don't become victim to predatory media magic ministry parrots with pretty, handsome smiles, compelling you to board their ferris wheel of fear. Now, on to the good stuff...
BACKSTORY:
Occasionally I find myself in situations where I have to build analyzers in Pine to actually build novel quantitative analytic indicators and tools worthy of future use. These analyzers certainly don't exist on this platform, but usually are required to engineer and tweak algorithms of the highest quality with the finest computational caliber. I have numerous other synthesizers to publish besides this one.
For many reasons, I needed a synthetic environment to utilize the analyzers I built in Pine, to even pursue building some exotic indicators and algorithms. Pine doesn't allow sourcing of tuples. Not to mention, I required numerous Pine advancements to make long held dreams into tangible realities. Many Pine upgrades have arrived and MANY, MANY more are in need of implementation for all. Now that I have this, intending to use it in the future often when in need, you can now use it too. I do anticipate some skilled Pine poets will employ this intended handy utility to design and/or improved indicators for trading.
ORIGIN:
This was inspired by the brilliance from the world renowned ALGOmist John F. Ehlers, but it's taken on a completely alien form from its original DNA. Browsing on the internet for something else, I came across an article with a small code snippet, and I remembered an old wish of mine. I have long known that by flipping back and forth on specific tickers and timeframes in my Watchlist is not the most efficient way to evaluate indicators in multiple theatres of price action. I realized, I always wanted to possess and use this sort of tool, so... I put it into Pine form, but now have decided to inject it with Pine Script steroids. The outcome is highly mutable candle formations in a reusable mutagenic package, observable above and masquerading as genuine looking price candles.
OVERVIEW:
I guess you could call it a price action synthesizer, but I entitled it "Synthetic Price Action Generator" for those who may be searching for such a thing. You may find this more useful on the All or 5Y charts initially to witness indication from beginning (barstate.isfirst === barindex==0) to end (last_bar_index), but you may also use keyboard shortcuts + + to view the earliest plottable bars on any timeframe. I often use that keyboard shortcut to qualify an indicator through the entirety of it's runtime.
A lot can go wrong unexpectedly with indicator initialization, and you will never know it if you don't inspect it. Many recursively endowed Infinite Impulse Response (IIR) Filters can initialize with unintended results that minutely ring in slightly erroneous fashion for the entire runtime, beginning to end, causing deviations from "what should of been..." values with false signals. Looking closely at spg(), you will recognize that 3 EMAs are employed to manage and maintain randomness of CLOSE, HIGH, and LOW. In fact, any indicator's barindex==0 initialization can be inspected with the keyboard shortcuts above. If you see anything obviously strange in an authors indicator, please contact the developer if possible and respectfully notify them.
PURPOSE:
The primary intended application of this script, is to offer developers from advanced to even novice skill levels assistance with building next generation indicators. Mostly, it's purpose is for testing and troubleshooting indicators AND evaluating how they perform in a "manageable" randomized environment. Some times indicators flake out on rare but problematic price fluctuations, and this may help you with finding your issues/errata sooner than later. While the candles upon initial loading look pristine, by tweaking it to the minval/maxval parameters limits OR beyond with a few code modifications, you can generate unusual volatility, for instance... huge wicks. Limits of minval= and maxval= of are by default set to a comfort zone of operation. Massive wicks or candle bodies will undoubtedly affect your indication and often render them useless on tickers that exhibit that behavior, like WGMCF intraday currently.
Copy/paste boundaries are provided for relevant insertion into another script. Paste placement should happen at the very top of a script. Note that by overwriting the close, open, high, etc... values, your compiler will give you generous warnings of "variable shadowing" in abundance, but this is an expected part of applying it to your novel script, no worries. plotcandle() can be copied over too and enabled/disabled in Settings->Style. Always remember to fully remove this scripts' code and those assignments properly before actual trading use of your script occurs, AND specifically when publishing. The entirety of this provided code should never, never exist in a published indicator.
OTHER INTENTIONS:
Even though these are 100% synthetic generated price points, you will notice ALL of the fractal pseudo-patterns that commonly exist in the markets, are naturally occurring with this generator too. You can also swiftly immerse yourself in pattern recognition exercises with increased efficiency in real time by clicking any SPAG Setting in focus and then using the up/down arrow keys. I hope I explained potential uses adequately...
On a personal note, the existence of fractal symmetry often makes me wonder, do we truly live in a totality chaotic universe or is it ordered mathematically for some outcomes to a certain extent. I think both. My observations, it's a pre-deterministic reality completely influenced by infinitesimal amounts of sentient free will with unimaginable existing and emerging quantities. Some how an unknown mysterious mechanism governing the totality of universal physics and mathematics counts this 100.0% flawlessly and perpetually. Anyways, you can't change the past that long existed before your birth or even yesterday, but you can choose to dream, create, and forge the future into your desires and hopes. As always, shite always happens when your not looking for it. What you choose to do after stepping in it unintentionally... is totally up to you. :) Maybe this tool and tips provided will aid you in not stepping in an algo cachucha up to your ankles somehow.
SCRIPTING LESSONS PORTRAYED IN THIS SCRIPT:
Pine etiquette and code cleanliness
Overwrite capabilities of built-in Pine variables for testing indicators
Various techniques to organize Settings panel while providing ease of adjustment utility
Use of tooltip= to provide users adequate valuable information. Most people want to trade with indicators, not blindly make adjustments to them without any knowledge of their intended operation/effects
When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members , I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone!
[blackcat] L5 Renko MasterLevel: 5
Background
Like many people in the Tradingview community, I have been studying how to apply Renko charts to backtesting and live trading for long. However, as we all know, the official Tradingview Renko chart is not recommended for backtesting because it will lead to unrealistic backtesting results. So, I thought about developing a set of customized Renko charts that can be used for backtesting and second-level trading. This "L5 Renko Master" is one of them that I am introducing today.
In fact, this is not a Renko chart based on Tick's principle. It is based on OHLC data, because this kind of chart can be used for reliable backtesting and trading in Tradingview. Therefore, the Renko Master in this script can actually coexist with the standard Japanese candlestick chart, but the trend reversal information it prompts is based on a principle similar to Renko. When the two can coexist and produce trading signals at the same time, this is really a very interesting invention.
Function
First of all, this Renko chart can coexist in the main chart with the Japanese candlestick chart. It can support up to 1 second level of display and trading. By configuring two parameters, you can adapt it to different Time Frames.
Secondly, this Renko chart can be used for backtesting strategies, because it is essentially OHLC data. Although the absolute value of the price cannot correspond to the original OHLC one-to-one, the certainty of the trend reversal is relatively high. It can be compared with Japanese candlesticks on the timeline.
Finally, this Renko chart is embedded with a Renko intrinsic trading strategy, which can be used to locate entry points through red and green labels. This strategy supports Tradingview alerts. You can get "LONG" or "SHORT" trading reminders by creating alerts. In order to obtain a clear market structure, Zen Stroke (Autolength ZigZag) and Zen Kiss (Special Moving Averages) can be checked to be superimposed and displayed on the main chart to facilitate understanding of the temporal and spatial position of prices in the market.
Indicator Set
Renko Master Boxes (砖块图)
Zen Stroke (Auto ZigZag , 自动画缠论笔)
Zen Kiss Moving Averages (缠论均线)
Inputs
Price --> Price source used to produce Renko, close is default.
RefBarBack --> Lookback period length to calculate Renko. The larger value, the less sensitive to price ripples and sideways.
BoxPerc --> Internal box percentage input. The larger value, the less sensitive to price ripples and sideways.
Show Zen Stroke (AutoLen ZigZag)? --> Switch to turn on and off ZigZag.
Shown Renko MA? --> Switch to turn on and off special moving averages.
Key Signal
Bricks
Green bricks for up trend
Red bricks for down trend
Labels
Green labels for buy/long.
Red labels for sell/short.
Zen Stroke (ZigZag)
Green line section for up stroke
Red line section for down stroke
Moving Averages
Yellow for fast line
Fuchsia for slow line
Pros and Cons
Suitable for discretionary trading and bots via alerts. However, only well selected trading pair and time frame can guarantee bot works.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance
Remarks
My third L5 indicator published
Closed-source
Invite-only
Redeem Fee Life Lock Guarantee
Although I take the efforts to inform the script requesters that the best way to promote trading skills is to learn from the open source scripts I released by themself and to improve their PNIE script programming skills, there are still many people asking how to obtain or pay to use BLACKCAT L4/L5 private scripts. In fact, I do not encourage people to use Tradingview Coins ( TVC ) / Cryptocurrency to redeem the right to use BLACKCAT L4/L5 scripts. However, redeeming private script usage rights through TV Coins/ Cryptocurrency may be an effective way to force more people to learn PINE script programming seriously. And then I can concentrate on answering more valuable community questions instead of being overwhelmed by L4/L5 scripting permission reqeusts.
I would like to announce a ‘Redeem Fee Lock Guarantee’ program to further simplify the L4/L5 indicator/strategy utility offering and distinguish itself from the competition. ‘Redeem Fee lock guarantee’ is one of the major initiatives by BLACKCAT as a part of overall value packaging designed to guard BLACKCAT’s followers’ against cost-overruns and operational risks usually borne by them when it comes to PINE script innovation ecosystem. The TVCs redeemed for L4/L5 a follower signs up for with BLACKCAT is their guaranteed lifetime locked in TVC Quantity/ cryptocurrency, with no special conditions, exclusions and fine print whatsoever. Based on this scheme, I can constantly refine, expand, upgrade and improve PINE script publishing to ensure the very best experiences for my followers. The 'Redeem Fee Lock Guarantee' is a step in the direction of rewarding the valuable followers. NOTE: Every L4/L5 script redeeming service is ONLY limited to TVC or Cryptocurrency ("Win$ & Donate w/ This" Addresses displayed on script page) redeeming which the 1st signed up TVC Qty/ equivalent cryptocurrency is the lifetime offered TVC Qty/ equivalent crypto.
How to subscrible this indicator?
The script subscription period only has two options of one month or one year, and its price is floating. The latest price of the script subscription is proportional to the number of likes/agrees this script has already received. Therefore, the price of subscribing to this script shows an increasing trend, and the earliest subscribers can enjoy the price of lifetime lock to this script. As the number of likes / agrees of this script increases, the subscription fee for one month and one year will also increase linearly. Whatever, the first subscription price of the use will be locked for life.
Monthly subscription and annual subscription can be done either by tradingview coins ( TVC ) or by converting into equivalent cryptocurrency at the exchange rate (1TVC=0.01USD) for redeem.
TVC payment needs to pay TVC directly in the comments under this script. Every time I authorize a new user, I will update the latest number of subscribed users and latest price for next subscription under the script comment. If there are any conflicting scenario happened to the rules and my update. My updated price based on the rule will be the final price for next subscription. The following subscribers need to pay the corresponding amount of TVC or cryptocurrency in accordance with the latest number of users and price announced by me in accordance with the rules published.
TVC redemption is the method I strongly recommend, and I hope you can complete the redemption in the comment area of this script. This is like a blockchain structure, each comment is a block, each subscription is a chain, which is conducive to open and transparent publicity and traceability to avoid unnecessary disputes.
Monthly Subscription Charges
500TVC <50 Agrees (A)
50A<850TVC<100A
100A<1000TVC<150A
150A<1350TVC<200A
200A<1500TVC<250A
250A<1850TVC<300A
300A<2000TVC<350A
350A<2350TVC<400A
400A<2500TVC<450A
450A<2850TVC<500A
500A<3000TVC<550A
550A<3350TVC<600A
600A<3500TVC<650A
650A<3850TVC<700A
700A<4000TVC<750A
750A<4350TVC<800A
800A<4500TVC<850A
850A<4850TVC<900A
900A<5000TVC<950A
950A<5350TVC<1000A
1000A<5500TVC<1050A
And so on...
Annual Subscription Charges
5000TVC <50 Agrees (A)
50A<8500TVC<100A
100A<10000TVC<150A
150A<13500TVC<200A
200A<15000TVC<250A
250A<18500TVC<300A
300A<20000TVC<300A
350A<23500TVC<400A
400A<25000TVC<450A
500A<28500TVC<550A
500A<30000TVC<550A
550A<33500TVC<600A
600A<35000TVC<650A
650A<38500TVC<700A
700A<40000TVC<750A
750A<43500TVC<800A
800A<45000TVC<850A
850A<48500TVC<900A
900A<50000TVC<950A
950A<53500TVC<1000A
1000A<55000TVC<1050A
And so on...
[blackcat] L5 Whale Jump Screener 12 AlertsLinkage Authorization:
When you obtain any one of the following technical indicators authorization, the other one will automatically obtain a free authorization for the same length of time:
1. L5 Whale Jump Screener 25 NoAlerts
2. L5 Whale Jump Screener 12 Alerts
Discount Authorization:
While you are authorized for any of the following technical indicators, this indicator will only need to pay 200TVC (not per month) but you obtain the authorization length as long as your longest one among all invited-only indicators .
1. L5 Whales Jump Out of Ocean X
2. L5 Zen Master
Level: 5
Background:
L5 Whale Jump Screener 12 Alerts is a screeener which is based on principle of L5 Whales Jump Out of Ocean X, but it has its own scheme to work as a screener with alerts, which can track 12 trading pairs at the same time. With this indicator, you can track target in your list with remote alerts from TV to your mobile or emails.
At beginning, I want to incorporate this function to "L5 Whale Jump Screener 25 NoAlerts". However, I found it rather difficult to make it happen. One reason is that adding alerts will further increase computing power of it so that TV will not be functional for overloaded indicators. The only way to make a screen plus alerts happen is to reduce the number of targets allowed in the screener until TV rules are in compliance. The other reason is that I found alerts were conflicting with screener function in TV system during my testing. Because if you put many trading pairs that are highly correlated into inputs of the screener indicator. Huge amount of alerts may be produced at the same time, and TV system has its own protection scheme. If too many alerts happened at the same time, it will block and stop the alert scheme immediately. Therefore, I build this one for anyone who need alert function. But, remember, make input tikerids as NOT correlated as possible to prevent TV to shut down your alert for this indicator.
Function:
By tracking multiple targets with alerts, you will own the capability to tracking multiple markets. This ability will let you know the specific situation of the unconnected market and the trading targets in time in the rotating transaction. The alert function will remind you of the current status of multiple markets via mobile phones and emails.
Inputs:
12 tickerids for your customization
Key Signal:
Long Whales / Banker Pump--> fuchsia color area with 0% transparency
Close Long Whales / Close Banker Pump--> red color area with 0% transparency
Short Whales / Banker Dump --> yellow color area with 0% transparency
Close Short Whales / Close Banker Dump --> green color area with 0% transparency
Long Waves Start--> fuchsia color area with 50% transparency
Short Waves Start --> yellow color area with 50% transparency
No Whale or Wave Signal --> gray color rea with 50% transparency
Pros and Cons:
ONLY suitable for discretionary trading, and does NOT support automatic trading system/bots with alerts.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance
For who does not alert function but track more targets, you can choose anther indicator: L5 Whale Jump Screener 25 NoAlerts.
Why 12 Targets are Supported?
From the principle of TV principle, it should be possible to track up to 40 targets at the same time. However, TV has another condition that restricts server computing resources. When the two condition work at the same time, for the whale jump algorithm, the number of targets it can track at the same time will drop from 40 to about 26~27! In addition, this indicator needs to support the display function from the daily time frame to the 1min time frame. Therefore, the requirements for computing resources have further deteriorated. In the end, the maximum tracking number I obtained by compromise is 25 to ensure that this indicator can support 1min or second level normal display without report an error. Based on above fact, adding alerts will further increase computing power needed for this indicator. To prevent TV shutdown this indicator w/ alerts, only 12 tickerids are supported based on this algorithm. Also, due to quite different user scenarios between these two screeners, two versions are published for different group of traders with a linkage authorization schmeme.
Remarks:
My fourth L5 indicator published
Closed-source
Invite-only
Redeem Fee Life Lock Guarantee
Although I take the efforts to inform the script requesters that the best way to promote trading skills is to learn from the open source scripts I released by themself and to improve their PNIE script programming skills, there are still many people asking how to obtain or pay to use BLACKCAT L4/L5 private scripts. In fact, I do not encourage people to use Tradingview Coins ( TVC ) / Cryptocurrency to redeem the right to use BLACKCAT L4/L5 scripts. However, redeeming private script usage rights through TV Coins/ Cryptocurrency may be an effective way to force more people to learn PINE script programming seriously. And then I can concentrate on answering more valuable community questions instead of being overwhelmed by L4/L5 scripting permission reqeusts.
I would like to announce a ‘Redeem Fee Lock Guarantee’ program to further simplify the L4/L5 indicator/strategy utility offering and distinguish itself from the competition. ‘Redeem Fee lock guarantee’ is one of the major initiatives by BLACKCAT as a part of overall value packaging designed to guard BLACKCAT’s followers’ against cost-overruns and operational risks usually borne by them when it comes to PINE script innovation ecosystem. The TVCs redeemed for L4/L5 a follower signs up for with BLACKCAT is their guaranteed lifetime locked in TVC Quantity/ cryptocurrency, with no special conditions, exclusions and fine print whatsoever. Based on this scheme, I can constantly refine, expand, upgrade and improve PINE script publishing to ensure the very best experiences for my followers. The 'Redeem Fee Lock Guarantee' is a step in the direction of rewarding the valuable followers. NOTE: Every L4/L5 script redeeming service is ONLY limited to TVC or Cryptocurrency ("Win$ & Donate w/ This" Addresses displayed on script page) redeeming which the 1st signed up TVC Qty/ equivalent cryptocurrency is the lifetime offered TVC Qty/ equivalent crypto.
How to subscrible this indicator?
The script subscription period only has two options of one month or one year, and its price is floating. The latest price of the script subscription is proportional to the number of likes/agrees this script has already received. Therefore, the price of subscribing to this script shows an increasing trend, and the earliest subscribers can enjoy the price of lifetime lock to this script. As the number of likes / agrees of this script increases, the subscription fee for one month and one year will also increase linearly. Whatever, the first subscription price of the use will be locked for life.
Monthly subscription and annual subscription can be done either by tradingview coins ( TVC ) or by converting into equivalent cryptocurrency at the exchange rate (1TVC=0.01USD) for redeem.
TVC payment needs to pay TVC directly in the comments under this script. Every time I authorize a new user, I will update the latest number of subscribed users and latest price for next subscription under the script comment. If there are any conflicting scenario happened to the rules and my update. My updated price based on the rule will be the final price for next subscription. The following subscribers need to pay the corresponding amount of TVC or cryptocurrency in accordance with the latest number of users and price announced by me in accordance with the rules published.
TVC redemption is the method I strongly recommend, and I hope you can complete the redemption in the comment area of this script. This is like a blockchain structure, each comment is a block, each subscription is a chain, which is conducive to open and transparent publicity and traceability to avoid unnecessary disputes.
Monthly Subscription Charges
500TVC <50 Agrees (A)
50A<850TVC<100A
100A<1000TVC<150A
150A<1350TVC<200A
200A<1500TVC<250A
250A<1850TVC<300A
300A<2000TVC<350A
350A<2350TVC<400A
400A<2500TVC<450A
450A<2850TVC<500A
500A<3000TVC<550A
550A<3350TVC<600A
600A<3500TVC<650A
650A<3850TVC<700A
700A<4000TVC<750A
750A<4350TVC<800A
800A<4500TVC<850A
850A<4850TVC<900A
900A<5000TVC<950A
950A<5350TVC<1000A
1000A<5500TVC<1050A
And so on...
Annual Subscription Charges
5000TVC <50 Agrees (A)
50A<8500TVC<100A
100A<10000TVC<150A
150A<13500TVC<200A
200A<15000TVC<250A
250A<18500TVC<300A
300A<20000TVC<300A
350A<23500TVC<400A
400A<25000TVC<450A
500A<28500TVC<550A
500A<30000TVC<550A
550A<33500TVC<600A
600A<35000TVC<650A
650A<38500TVC<700A
700A<40000TVC<750A
750A<43500TVC<800A
800A<45000TVC<850A
850A<48500TVC<900A
900A<50000TVC<950A
950A<53500TVC<1000A
1000A<55000TVC<1050A
And so on...
[blackcat] L5 Whale Jump Screener 25 NoAlertsLinkage Authorization:
When you obtain any one of the following technical indicators authorization, the other one will automatically obtain a free authorization for the same length of time:
1. L5 Whale Jump Screener 25 NoAlerts
2. L5 Whale Jump Screener 12 Alerts
Discount Authorization:
While you are authorized for any of the following technical indicators, this indicator will only need to pay 200TVC (not per month) but you obtain the authorization length as long as your longest one among all invited-only indicators .
1. L5 Whales Jump Out of Ocean X
2. L5 Zen Master
Level: 5
Background:
L5 Whale Jump Screener 25 NoAlerts is a screeener which is based on principle of L5 Whales Jump Out of Ocean X, but it has its own scheme to work as a screener, which can track 25 trading pairs at the same time. With this indicator, you will see an overall market state if your inputs are major instruments in a specific market via a colorful heat map.
Function:
By tracking multiple targets in the same section can help you increase confidence level of trading because most targets move to the same direction witin the same section. It provides a macro picture to support you know the background of your trading. Also, you can choose your trading target by comparing with others in the same section to make a better decision.
Inputs:
25 tickerids for your customization
Key Signal:
Long Whales / Banker Pump--> fuchsia color area with 0% transparency
Close Long Whales / Close Banker Pump--> red color area with 0% transparency
Short Whales / Banker Dump --> yellow color area with 0% transparency
Close Short Whales / Close Banker Dump --> green color area with 0% transparency
Long Waves Start--> fuchsia color area with 50% transparency
Short Waves Start --> yellow color area with 50% transparency
No Whale or Wave Signal --> gray color rea with 50% transparency
Pros and Cons:
ONLY suitable for discretionary trading, and does NOT support automatic trading system/bots with alerts.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance
For who need alert function, you can choose anther indicator: L5 Whale Jump Screener 12 Alerts.
Why 25 Targets are Supported?
From the principle of TV principle, it should be possible to track up to 40 targets at the same time. However, TV has another condition that restricts server computing resources. When the two condition work at the same time, for the whale jump algorithm, the number of targets it can track at the same time will drop from 40 to about 26~27! In addition, this indicator needs to support the display function from the daily time frame to the 1min time frame. Therefore, the requirements for computing resources have further deteriorated. In the end, the maximum tracking number I obtained by compromise is 25 to ensure that this indicator can support 1min or second level normal display without report an error.
Remarks:
My third L5 indicator published
Closed-source
Invite-only
Redeem Fee Life Lock Guarantee
Although I take the efforts to inform the script requesters that the best way to promote trading skills is to learn from the open source scripts I released by themself and to improve their PNIE script programming skills, there are still many people asking how to obtain or pay to use BLACKCAT L4/L5 private scripts. In fact, I do not encourage people to use Tradingview Coins ( TVC ) / Cryptocurrency to redeem the right to use BLACKCAT L4/L5 scripts. However, redeeming private script usage rights through TV Coins/ Cryptocurrency may be an effective way to force more people to learn PINE script programming seriously. And then I can concentrate on answering more valuable community questions instead of being overwhelmed by L4/L5 scripting permission reqeusts.
I would like to announce a ‘Redeem Fee Lock Guarantee’ program to further simplify the L4/L5 indicator/strategy utility offering and distinguish itself from the competition. ‘Redeem Fee lock guarantee’ is one of the major initiatives by BLACKCAT as a part of overall value packaging designed to guard BLACKCAT’s followers’ against cost-overruns and operational risks usually borne by them when it comes to PINE script innovation ecosystem. The TVCs redeemed for L4/L5 a follower signs up for with BLACKCAT is their guaranteed lifetime locked in TVC Quantity/ cryptocurrency, with no special conditions, exclusions and fine print whatsoever. Based on this scheme, I can constantly refine, expand, upgrade and improve PINE script publishing to ensure the very best experiences for my followers. The 'Redeem Fee Lock Guarantee' is a step in the direction of rewarding the valuable followers. NOTE: Every L4/L5 script redeeming service is ONLY limited to TVC or Cryptocurrency ("Win$ & Donate w/ This" Addresses displayed on script page) redeeming which the 1st signed up TVC Qty/ equivalent cryptocurrency is the lifetime offered TVC Qty/ equivalent crypto.
How to subscrible this indicator?
The script subscription period only has two options of one month or one year, and its price is floating. The latest price of the script subscription is proportional to the number of likes/agrees this script has already received. Therefore, the price of subscribing to this script shows an increasing trend, and the earliest subscribers can enjoy the price of lifetime lock to this script. As the number of likes / agrees of this script increases, the subscription fee for one month and one year will also increase linearly. Whatever, the first subscription price of the use will be locked for life.
Monthly subscription and annual subscription can be done either by tradingview coins ( TVC ) or by converting into equivalent cryptocurrency at the exchange rate (1TVC=0.01USD) for redeem.
TVC payment needs to pay TVC directly in the comments under this script. Every time I authorize a new user, I will update the latest number of subscribed users and latest price for next subscription under the script comment. If there are any conflicting scenario happened to the rules and my update. My updated price based on the rule will be the final price for next subscription. The following subscribers need to pay the corresponding amount of TVC or cryptocurrency in accordance with the latest number of users and price announced by me in accordance with the rules published.
TVC redemption is the method I strongly recommend, and I hope you can complete the redemption in the comment area of this script. This is like a blockchain structure, each comment is a block, each subscription is a chain, which is conducive to open and transparent publicity and traceability to avoid unnecessary disputes.
Monthly Subscription Charges
500TVC <50 Agrees (A)
50A<850TVC<100A
100A<1000TVC<150A
150A<1350TVC<200A
200A<1500TVC<250A
250A<1850TVC<300A
300A<2000TVC<350A
350A<2350TVC<400A
400A<2500TVC<450A
450A<2850TVC<500A
500A<3000TVC<550A
550A<3350TVC<600A
600A<3500TVC<650A
650A<3850TVC<700A
700A<4000TVC<750A
750A<4350TVC<800A
800A<4500TVC<850A
850A<4850TVC<900A
900A<5000TVC<950A
950A<5350TVC<1000A
1000A<5500TVC<1050A
And so on...
Annual Subscription Charges
5000TVC <50 Agrees (A)
50A<8500TVC<100A
100A<10000TVC<150A
150A<13500TVC<200A
200A<15000TVC<250A
250A<18500TVC<300A
300A<20000TVC<300A
350A<23500TVC<400A
400A<25000TVC<450A
500A<28500TVC<550A
500A<30000TVC<550A
550A<33500TVC<600A
600A<35000TVC<650A
650A<38500TVC<700A
700A<40000TVC<750A
750A<43500TVC<800A
800A<45000TVC<850A
850A<48500TVC<900A
900A<50000TVC<950A
950A<53500TVC<1000A
1000A<55000TVC<1050A
And so on...
[blackcat] L5 Zen MasterLevel: 5
Background
L5 Zen Master is my favorite main chart indicator. I have been studying Zen Theory for long and keeping improving related home-baked private indicators. Zen Theory is less known out side of China. This situation is very similar to when Nilson did not introduce Japanese candlesticks worldwide. At that time, traders in other parts of the world rarely heard of Japanese candlesticks. This situation occurs again. When most Chinese bookstores and libraries are full of books on Zen Theory trading techniques, the rest of the world may not know this trading technique based on mathematical derivation axioms.
As for the author of the theory, he/she is as mysterious as Satoshi Nakamoto who created Bitcoin. People don't even know his/her gender, because he/she likes to call himself/herself a "woman" when he/she publishes original trading techniques on his/her blog. No one knows his/her name, only his/her nickname: "Preaching Zen in Tangles" (缠中说禅). People respectfully call him/her "Zen Master" (缠师). Zen Theory is based on geometric structures like Bill Williams' Fractals and ZigZag, but it is very host to MTF applications. In addition, there are unique insights on moving averages, this moving average technology is called Zen Kiss (缠论吻).
Function
It combine several novel indicators together but mainly focus on Zen Theory(缠论主图), including Zen Strokes (自动画笔) 和 Zen Kiss (缠论均线) Moving Averages. To Better understand the market geometry structure, I developped featured Fibonacci Space Indicator which is based on Semi-LOG and Fibonacci Time Window Indicator to help juge trend movements independently. Also, I integrated Better Volume Indicator(BVI) and Range Action Verification Index (RAVI) as well for volume and bias monitoring.
Indicator Set
Zen Stroke (Auto ZigZag, 自动画缠论笔)
Zen Kiss Moving Averages (缠论均线)
Fibonacci Space Indicator with Golden Ratios based on Semi-LOG (黄崇半对数)
Fibnacci Time Window Indicator with red/green background colors
Dynamic Fibnacci Space Arrows to indicate support and resistance immediately
Better Volume Indicator (BVI) with painted bars to juge trend strength
Range Action Verfication Index (RAVI) for large time frame for exetreme conditions warning
Inputs
BVI lookback period --> 5 as default
EnableBVIBarColors --> True as default
Show Zen Stroke --> True as default
Show Fib Space based on Semi-LOG --> True as default
Zen Fractals Lookback Period --> 377 as default
Key Signal
Zen Stroke
Yellow line section for up stroke
Blue line section for down stroke
Zen Kiss MA
Yellow MA for fast line (Cowgirl line)
Fuchsia MA for slow line (Cowboy line)
Fib Space w/ Golden Ratios
Low, 11.4%, 23.6%, 38.2%, 50%, 61.8%, 78.6%, 88.6%, High
Fib Time Window
Green background color for top indicator based on time window
Red background color for bottom indicator based on time window
Dynamic Fib Space Arrows
Green arrows for support
Red arrows for resistance
Better Volume Indicator
Yellow bar color --> low volume --> trend ends, commonly before trend reversals
Red bar color --> climax up volume --> very bullish and next bar may continue to be bullish
White bar color --> climax down volume --> very bearish and next bar may continue to be bearish
Green bar color --> churn volume --> Long and short forces play fierce games within a small price range
Fuchisia bar color --> climax churn volume --> Long and short forces play fierce games within a large price range
Range Action Verfication Index
Yellow background color for extremely negative bias, indicating bottom zone
Fuchsia background color for extremely positive bias, indiacting top zone
Pros and Cons
ONLY suitable for discretionary trading, and does NOT support automatic trading system/bots with alerts.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance
Remarks
My second L5 indicator published
Closed-source
Invite-only
Redeem Fee Life Lock Guarantee
Although I take the efforts to inform the script requesters that the best way to promote trading skills is to learn from the open source scripts I released by themself and to improve their PNIE script programming skills, there are still many people asking how to obtain or pay to use BLACKCAT L4/L5 private scripts. In fact, I do not encourage people to use Tradingview Coins ( TVC ) / Cryptocurrency to redeem the right to use BLACKCAT L4/L5 scripts. However, redeeming private script usage rights through TV Coins/ Cryptocurrency may be an effective way to force more people to learn PINE script programming seriously. And then I can concentrate on answering more valuable community questions instead of being overwhelmed by L4/L5 scripting permission reqeusts.
I would like to announce a ‘Redeem Fee Lock Guarantee’ program to further simplify the L4/L5 indicator/strategy utility offering and distinguish itself from the competition. ‘Redeem Fee lock guarantee’ is one of the major initiatives by BLACKCAT as a part of overall value packaging designed to guard BLACKCAT’s followers’ against cost-overruns and operational risks usually borne by them when it comes to PINE script innovation ecosystem. The TVCs redeemed for L4/L5 a follower signs up for with BLACKCAT is their guaranteed lifetime locked in TVC Quantity/ cryptocurrency, with no special conditions, exclusions and fine print whatsoever. Based on this scheme, I can constantly refine, expand, upgrade and improve PINE script publishing to ensure the very best experiences for my followers. The 'Redeem Fee Lock Guarantee' is a step in the direction of rewarding the valuable followers. NOTE: Every L4/L5 script redeeming service is ONLY limited to TVC or Cryptocurrency ("Win$ & Donate w/ This" Addresses displayed on script page) redeeming which the 1st signed up TVC Qty/ equivalent cryptocurrency is the lifetime offered TVC Qty/ equivalent crypto.
How to subscrible this indicator?
The script subscription period only has two options of one month or one year, and its price is floating. The latest price of the script subscription is proportional to the number of likes/agrees this script has already received. Therefore, the price of subscribing to this script shows an increasing trend, and the earliest subscribers can enjoy the price of lifetime lock to this script. As the number of likes / agrees of this script increases, the subscription fee for one month and one year will also increase linearly. Whatever, the first subscription price of the use will be locked for life.
Monthly subscription and annual subscription can be done either by tradingview coins ( TVC ) or by converting into equivalent cryptocurrency at the exchange rate (1TVC=0.01USD) for redeem.
TVC payment needs to pay TVC directly in the comments under this script. Every time I authorize a new user, I will update the latest number of subscribed users and latest price for next subscription under the script comment. If there are any conflicting scenario happened to the rules and my update. My updated price based on the rule will be the final price for next subscription. The following subscribers need to pay the corresponding amount of TVC or cryptocurrency in accordance with the latest number of users and price announced by me in accordance with the rules published.
TVC redemption is the method I strongly recommend, and I hope you can complete the redemption in the comment area of this script. This is like a blockchain structure, each comment is a block, each subscription is a chain, which is conducive to open and transparent publicity and traceability to avoid unnecessary disputes.
Monthly Subscription Charges
500TVC <50 Agrees (A)
50A<850TVC<100A
100A<1000TVC<150A
150A<1350TVC<200A
200A<1500TVC<250A
250A<1850TVC<300A
300A<2000TVC<350A
350A<2350TVC<400A
400A<2500TVC<450A
450A<2850TVC<500A
500A<3000TVC<550A
550A<3350TVC<600A
600A<3500TVC<650A
650A<3850TVC<700A
700A<4000TVC<750A
750A<4350TVC<800A
800A<4500TVC<850A
850A<4850TVC<900A
900A<5000TVC<950A
950A<5350TVC<1000A
1000A<5500TVC<1050A
And so on...
Annual Subscription Charges
5000TVC <50 Agrees (A)
50A<8500TVC<100A
100A<10000TVC<150A
150A<13500TVC<200A
200A<15000TVC<250A
250A<18500TVC<300A
300A<20000TVC<300A
350A<23500TVC<400A
400A<25000TVC<450A
500A<28500TVC<550A
500A<30000TVC<550A
550A<33500TVC<600A
600A<35000TVC<650A
650A<38500TVC<700A
700A<40000TVC<750A
750A<43500TVC<800A
800A<45000TVC<850A
850A<48500TVC<900A
900A<50000TVC<950A
950A<53500TVC<1000A
1000A<55000TVC<1050A
And so on...
[blackcat] L5 Whales Jump Out of Ocean XLevel: 5
Background
I have been working on developing indicators on how to track the banker funds or whales. In my open source indicators published, you can search for the keywords "Banker" or "Whale" to find and use these indicators. After three years of development and hard work, I have perfectly combined the banker fund/whale mathematical model and the unique Fibonacci space-time indicators. This is named as "L5 Whales Jump Out of Ocean X" indicator that I will introduce today.
Function
This indicator introduces three independent judgment standards. They are whales & waves, Fibonacci time windows and dynamic Fibonacci retracement arrows. Whales and waves are banker fund/ whale behavior modeling based on my unique moving average technology. Fibonacci time and space indicators are a unique improvement I made to traditional indicators of the same kind to make them more powerful.
This indicator is basically applicable to all markets, but requires traders to choose the most suitable trading pair to operate. This indicator is used for multiple periods. Because the smaller the period, the more unstable the data, the larger the period, the more stable the Fibonacci space-time indicator. I use this indicator for the operation of cryptocurrency, commodities, forex, local stocks and ETFs. When this indicator is combined with the candle patterns of Japanese candlesticks, it will often produce higher quality signals, so I suggest that people who use this indicator should have the basic knowledge of Japanese candlesticks in order to better use this indicator.
Key Signal
Long Whales / Banker Pump--> fuchsia and red stick bars (Motive waves with fuchsia color; corrective waves with red color)
Short Whales / Banker Dump --> yellow and red green stick bars (Motive waves with yellow color; corrective waves with green color)
Long Waves --> fuchsia and red areas (Motive waves with fuchsia color; corrective waves with red color)
Short Waves --> yellow and red green areas (Motive waves with yellow color; corrective waves with green color)
Fibonacci Top Time Window --> red background color
Fibonacci Bottom Time Window --> green background color
Dynamic Fibonacci Retracement Support Arrows --> green arrows with "SUP" text; the brighter color, the stronger support.
Dynamic Fibonacci Retracement Resistance Arrows --> red arrows with "RES" text; the brighter color, the stronger resistance.
Ready for Support Cross --> green crosses with "*SUP" text on zero axis.
Ready for Resistance Cross --> red crosses with "*RES" text on zero axis.
Pros and Cons
ONLY suitable for discretionary trading, and does NOT support automatic trading system/bots with alerts.
Intuitive and effective, the output signal is more reliable after multi-indicator resonance
Remarks
My first L5 indicator published
Closed-source
Invite-only
Redeem Fee Life Lock Guarantee
Although I take the efforts to inform the script requesters that the best way to promote trading skills is to learn from the open source scripts I released by themself and to improve their PNIE script programming skills, there are still many people asking how to obtain or pay to use BLACKCAT L4/L5 private scripts. In fact, I do not encourage people to use Tradingview Coins (TVC) / Cryptocurrency to redeem the right to use BLACKCAT L4/L5 scripts. However, redeeming private script usage rights through TV Coins/ Cryptocurrency may be an effective way to force more people to learn PINE script programming seriously. And then I can concentrate on answering more valuable community questions instead of being overwhelmed by L4/L5 scripting permission reqeusts.
I would like to announce a ‘Redeem Fee Lock Guarantee’ program to further simplify the L4/L5 indicator/strategy utility offering and distinguish itself from the competition. ‘Redeem Fee lock guarantee’ is one of the major initiatives by BLACKCAT as a part of overall value packaging designed to guard BLACKCAT’s followers’ against cost-overruns and operational risks usually borne by them when it comes to PINE script innovation ecosystem. The TVCs redeemed for L4/L5 a follower signs up for with BLACKCAT is their guaranteed lifetime locked in TVC Quantity/ cryptocurrency, with no special conditions, exclusions and fine print whatsoever. Based on this scheme, I can constantly refine, expand, upgrade and improve PINE script publishing to ensure the very best experiences for my followers. The 'Redeem Fee Lock Guarantee' is a step in the direction of rewarding the valuable followers. NOTE: Every L4/L5 script redeeming service is ONLY limited to TVC or Cryptocurrency ("Win$ & Donate w/ This" Addresses displayed on script page) redeeming which the 1st signed up TVC Qty/ equivalent cryptocurrency is the lifetime offered TVC Qty/ equivalent crypto.
How to subscrible this indicator?
The script subscription period only has two options of one month or one year, and its price is floating. The latest price of the script subscription is proportional to the number of likes/agrees this script has already received. Therefore, the price of subscribing to this script shows an increasing trend, and the earliest subscribers can enjoy the price of lifetime lock to this script. As the number of likes / agrees of this script increases, the subscription fee for one month and one year will also increase linearly. Whatever, the first subscription price of the use will be locked for life.
Monthly subscription and annual subscription can be done either by tradingview coins (TVC) or by converting into equivalent cryptocurrency at the exchange rate (1TVC=0.01USD) for redeem.
TVC payment needs to pay TVC directly in the comments under this script. Every time I authorize a new user, I will update the latest number of subscribed users and latest price for next subscription under the script comment. If there are any conflicting scenario happened to the rules and my update. My updated price based on the rule will be the final price for next subscription. The following subscribers need to pay the corresponding amount of TVC or cryptocurrency in accordance with the latest number of users and price announced by me in accordance with the rules published.
TVC redemption is the method I strongly recommend, and I hope you can complete the redemption in the comment area of this script. This is like a blockchain structure, each comment is a block, each subscription is a chain, which is conducive to open and transparent publicity and traceability to avoid unnecessary disputes.
Monthly Subscription Charges
500TVC <50 Agrees (A)
50A<850TVC<100A
100A<1000TVC<150A
150A<1350TVC<200A
200A<1500TVC<250A
250A<1850TVC<300A
300A<2000TVC<350A
350A<2350TVC<400A
400A<2500TVC<450A
450A<2850TVC<500A
500A<3000TVC<550A
550A<3350TVC<600A
600A<3500TVC<650A
650A<3850TVC<700A
700A<4000TVC<750A
750A<4350TVC<800A
800A<4500TVC<850A
850A<4850TVC<900A
900A<5000TVC<950A
950A<5350TVC<1000A
1000A<5500TVC<1050A
And so on...
Annual Subscription Charges
5000TVC <50 Agrees (A)
50A<8500TVC<100A
100A<10000TVC<150A
150A<13500TVC<200A
200A<15000TVC<250A
250A<18500TVC<300A
300A<20000TVC<300A
350A<23500TVC<400A
400A<25000TVC<450A
500A<28500TVC<550A
500A<30000TVC<550A
550A<33500TVC<600A
600A<35000TVC<650A
650A<38500TVC<700A
700A<40000TVC<750A
750A<43500TVC<800A
800A<45000TVC<850A
850A<48500TVC<900A
900A<50000TVC<950A
950A<53500TVC<1000A
1000A<55000TVC<1050A
And so on...
PriceCatch Ultimate Auto Fibonacci LevelsHello and Warm Greetings to TradingView community.
PriceCatch Ultimate Auto Fibonacci Levels
The only Fibonacci Levels script you'll ever need.
The Problem
One of the problems faced by traders who use Fibonacci levels is that they have to draw the levels manually on their charts. It's tedious and sometimes leads to inaccuracies in identifying correct levels.
Secondly, while there are so many Auto Fibonacci scripts available in the Public Scripts Library, most of them are not really useful as they are very limited in their capability for the following reasons:
either they are based on historical bars or historical pivots - user has to enter the number of historical bars or pivots for the starting point of the Fibonacci Levels.
they are time-frame dependent and re-plot levels when chart's time-frame changes. This is a very serious limitation with most scripts.
they do not offer real and practical user settings.
many of them are not actually pure Fibonacci Levels scripts.
Limitations with other Auto Fibonacci scripts
Other Fibonacci scripts ask user to specify a number of historical bars or pivots to draw the Fibonacci levels. This is a major problem with such scripts - because 50 historical bars on the daily time frame changes to 50 historical bars on the 4H if you change the chart's time-frame to 4H, thereby altering the position of the Fibonacci levels. So, the desired view that the user seeks about price action is not what he/she gets whenever the time-frame changes. Similarly with specifying Pivots. For example, for a swing trader who specifies Pivots, the number of pivots that occur in one month varies depending on the chart's time-frame. So after trying these scripts, users quickly realize that these scripts do not serve purpose.
PriceCatch Ultimate Auto Fibonacci Levels - Unparalleled advantage
The PriceCatch Ultimate Auto Fibonacci Levels script that I am publishing is completely different from other Fibonacci scripts on the TradingView Public Library. My script offers users unparalleled flexibility and options to use it effectively and to suit their trading style. With PriceCatch Ultimate Auto Fibonacci Levels script, user has the ability to choose a variety of options to draw the Fibonacci levels from Current Day, Previous Day all the way up to 52 weeks. Not only that, users can also set their own levels via input options and that makes it even more adaptive to a user's specific needs. So, if you do not want 0.382 level and want the level to be at 0.312, yes, you can do that with this script.
Time-frame independence
This script works independent of the chart time frame and this is it's USP. So, while your chart may be set to 15 minutes time-frame, you can set the script to draw Fibonacci levels of Previous Week, last 3 days or any other available interval of your choice and it will draw it accurately. What's more, you can change your chart's time-frame to any interval of your choice and the Fibonnacci levels stay fixed and true to the chosen option. This ability is very helpful to the user because while the Fibonacci levels are drawn based on the chosen interval's high and low, user can then choose any chart time frame to trade on the drawn Fibonacci levels. This is the crucial difference and big advantage of PriceCatch Ultimate Auto Fibonacci Levels script from other scripts.
Chart type independence
PriceCatch Ultimate Auto Fibonacci Levels script is also independent of chart type. You can set your chart to Bars, Japanese, Hollow, Heikin-Ashi or even line style and this script accurately draws the Fibonacci levels as the logic is independent of chart type.
Time series
For traders who combine Time-Series also in their trading set-up with Fibonacci levels, this script includes Time-Series as well to aid those traders.
Highly configurable
With a number of configuration options, PriceCatch Ultimate Auto Fibonacci Levels script offers utmost flexibility and ease of use to every user.
Practical and really useful
I have written the script after careful study of all the other available scripts and only then took on this project. Once you look at other scripts and what they lack, you will realize my script is all-rounded, very flexible with a wide variety of options to choose from. All of these features make PriceCatch Auto Fibonacci Levels script unique, very powerful and highly useful to traders.
Use Cases
Intraday
If you trade intraday, setting the interval to 3D (3 days) will give you Fibonacci levels of last three days. This may be useful in taking intraday trades by knowing probable support and resistance levels in that period. Then, you can trade on 1 minute, 3 minutes, 5 or any other intraday time frame of your choice.
Swing / Long term trading
For swing or long term traders, setting the interval to PM (previous month) or CQ (current quarter) will help you find probable support / resistance levels in that period that you can use to plan your trades. Then, of course, with the 52W setting, you can take a really long term view of the asset.
Multiple Advantage
Since you can add the script more than once to your chart, you can set one script to a longer time frame and another to a shorter one to form a combination of Fibonacci levels to give you even more precise and desired information about price action and to help you plan/manage your trades.
A Sample
GBPUSD with CQ (Current Quarter) setting
NOTE - PRIOR TO USING THIS SCRIPT
Please remember that the script is shared with absolutely no assurances about usability and any warranties whatsoever and as a responsible trader, please satisfy yourselves thoroughly and use it only if you are satisfied it works for you. Remember, you are 100% responsible for your actions. If you understand and accept that, you may use the script.
QUERIES/FEEDBACK
Please PM me.
I have to thank @BJORGUM for helping me out with this script.
Hope you find this script useful. Wish everyone all the best with trading.
TrendGuard Pullback Trader Signals [Quantigenics]The "TrendGuard Pullback Trader Signals" script, integral to the "TrendGuard Pullback Trader" system, offers a sophisticated suite of trading tools for nearly any market or time frame. Designed to be used alongside the "TrendGuard Pullback Trader Indicators" script, this script is pivotal for identifying Buy/Sell Signals, Profit Target Signals, and Stop Loss Levels.
As with all of our scripts, the "TrendGuard Pullback Trader Signals" script, is designed to work on ANY symbol and time frame. The input parameters can be adjusted to fit your specific trading style.
Methodology and Application:
The script's core methodology lies in identifying primary signals at the onset of a trend and secondary signals during pullbacks or dips. It focuses on pinpointing optimal entry points during market pullbacks, enhancing the "TrendGuard Pullback Trader Indicators" script with well-timed signals for profit targets and stop loss levels.
Technical Composition:
The "TrendGuard Pullback Trader Signals" script combines various technical analysis tools to generate comprehensive trading signals. It calculates stop levels by assessing the highest and lowest bars over a chosen period, defining the market range. Primary signals are derived using a triple exponential moving average (EMA) of logarithmic closing prices, identifying trend changes with stop level plots and directional arrows. For secondary signals, the script uses a sequence of EMAs applied to the average price (HLC3) and an oscillator that measures the extremity of recent price movements, pinpointing potential entry points. The script also incorporates a sideways exit mechanism, comparing short-term and long-term EMAs of the average price to detect significant deviations, suggesting exit opportunities. This layered strategy offers a detailed perspective on market trends, momentum, and possible entry and exit points.
EMA-Based Trend Analysis Algorithm :
Utilizes an advanced algorithm that incorporates exponential moving averages (EMA) with specific length parameters. This algorithm analyzes the slope and direction of EMA lines to identify significant shifts in market trends.
Primary Signal Generation : Logarithmic and Triple EMA Function:
Primary signals are derived from a unique logarithmic function applied to price data, which is then processed through a series of three EMAs with distinct period settings. This combination targets potential trend initiation points by detecting shifts in the logarithmic trend curve.
Dynamic Stop Level Determination :
Employs a methodology involving the calculation of recent high and low price bars, adjusted by a factor that considers market volatility. This factor dynamically alters the sensitivity of the stop levels, aligning them with current market conditions.
Secondary Signal Identification During Pullbacks :
Secondary signals are identified through a complex comparison of the market's relative position to its moving averages. This involves calculating the divergence between price and moving averages, adjusted for the rate of change in the market, to flag strategic entry points during pullbacks.
Composite Market Trend Analysis for Signal Mechanism :
Signal generation integrates a composite of multiple technical indicators, each contributing unique mathematical calculations. This integration enhances the accuracy and reliability of entry and exit signals.
Practical Application in Trading :
> For trade initiation, primary signals are used to identify the start of potential trends, applying a specific mathematical threshold to confirm the trend change. Secondary signals focus on quantifying the pullback depth relative to recent market movements for additional entry opportunities.
> The script's dynamic stop loss adjustment incorporates a calculated moving average of recent highs and lows, providing a responsive and protective mechanism for open positions.
How to Use the Script:
Trade Initiation : Primary signals at trend onset can be used for potential entry points, or to simply establish a trend-bias, to watch for Strategic Entries signals.
Strategic Entries on Pullbacks : Secondary signals provide opportunities for additional entries or scaling into positions during pullbacks within the main trend.
Profit Targets and Exit Strategy : Profit target signals serve as potential exit points. For larger positions, consider partial exits at these targets while adjusting stop loss levels to secure profits, and hold the remaining position for further potential gains.
Dynamic Risk Management : Regularly adjust stop loss levels based on the script's dynamic stop level determination to protect against market reversals and lock in profits.
Integration with TrendGuard Pullback Trader Indicators:
The script is designed and intended to be used in conjunction with the "TrendGuard Pullback Trader Indicators ". This integration ensures a holistic approach to market analysis, combining the strengths of both scripts for a comprehensive understanding of market trends, momentum, and entry points.
Note: The lower indicators are from the 'TrendGuard Pullback Trader Indicators' script, complementing the 'TrendGuard Pullback Trader Signals' script seen here, which generates the 'cloud' and signals on the price chart.
The 'TrendGuard Pullback Traders Indicators” script can be found here :
Input Parameter Settings:
Important Usage Guidance: For seamless integration with its counterpart, the "TrendGuard Pullback Trader Indicators" script, it's crucial to align the input parameter settings across both scripts. When adjusting values from their defaults, ensure that corresponding parameters in both scripts are identically set. This synchronization is key to achieving a cohesive and accurate representation on your charts.
Intra-Bar Order Generation (IntraBar): Determines whether signals are generated within the current bar or only after it closes, enhancing flexibility in signal timing.
Stop Level Strength (StopLvlStr): Sets the strength for calculating stop levels, impacting the sensitivity of the script to market highs and lows for stop placement.
Primary Signal Display (PrimON_OFF): Toggles the visibility of primary signals on the chart, aiding in identifying trend initiation points.
Secondary Signal Display (SecON_OFF): Controls the display of secondary signals for opportunities during pullbacks, allowing traders to capitalize on additional entry points.
Stop Loss Level Display (StopLossLvls): Enables or disables the visualization of stop loss levels, crucial for risk management strategies.
Trend Length (TrendLen): Adjusts the length parameter for the EMA calculations, influencing how the script interprets trend duration and strength.
These parameters allow traders to customize the script’s functionality according to their trading style and preferences, ensuring a tailored approach to signal generation and risk management.
Trade Alerts:
The script includes an advanced alert system designed to notify traders of crucial trading signals. This can Especially be useful when using larger time frames where trade setups can take a longer period of time to develop:
Primary Buy/Sell Alerts: Alerts are triggered at primary signals, indicating potential trend initiation points for entering trades.
Secondary Buy/Sell Alerts: These alerts activate during secondary signals, highlighting opportunities within ongoing trends for strategic entries or exits.
Stop Loss Level Alerts: The script can alert traders when the price reaches or crosses the script-determined stop loss levels, aiding in timely decision-making for risk management.
Sideways Exit Alerts: Alerts for potential exits are generated in sideways market conditions, based on the script’s analysis of average price movements.
To set up these alerts, traders can use TradingView’s alert system to specify the conditions under which they receive notifications, such as when a certain shape (e.g., arrow up for buy, arrow down for sell) appears on the chart. This feature helps traders stay informed and react promptly to the dynamic market conditions.
The "TrendGuard Pullback Trader Signals " script is a meticulously crafted tool, essential for traders aiming to enhance their market analysis and decision-making across diverse trading environments. While the script offers advanced functionalities, it reaches its full potential when used alongside the "TrendGuard Pullback Trader Indicators" script. Traders are advised to familiarize themselves with both scripts for a well-rounded trading strategy.
As always, remember that trading involves risks and past performance is not indicative of future results.
You can see the “Author’s instructions" below to get immediate access to TrendGuard Pullback Trader Signals & the rest of the “Quantigenics Premium Indicator Suite”.
