BT Leading Candle IndicatorThe oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the Stochastic Oscillator, oversold and overbought levels correspond to the times when the trend is likely to reverse.
Function
BT Leading KDJ Candle Indicator use candles to indicate KD relationship. E.g. yellow candles for bull (K>=D) and fuchsia candles for bear (K=D and fuchsia for K KDJ K value
d --> KDJ D value
buysig --> KD buy signal in green triangle
selsig --> KD sell signal in red triangle
leadingline --> colorful leading line for KDJ
Pros and Cons
Pros:
1. Candle height can indicates the strength of trend and different colors are used for indicating KD relationship
2. a leading line is added as aux method to confirm KDJ signal
Cons:
1. It may satruate for extreme conditions of long and short as described in the chart, which is inherent KDJ shortcoming.
2. Not accurate for long and short entries and need filtering out noise and fake signal.
Remarks
More direct to observe and confirm trend with the leading line.
Read me
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Trading view is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Trading view community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or man hours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many
在腳本中搜尋"the script"
Volume Profile Range For All AccountsVolume Profile Range For All Accounts is displaying volume from price perspective. It’s done by summing volume by the “estimated” transaction price. This version is estimating it based on public volume data so it can be used with any account.
Volume Profile is a powerful tool commonly used by PRO users, to disseminate its use also by users who operate on basic volume data, we have prepared a set of scripts:
Volume Profile For All Accounts – Analyze last 50-20000 bars.
Volume Profile From Date For All Accounts – Analyze all bars since start date.
Volume Profile Range For All Accounts – Analyze bars in a range between start and end date.
Traiding View is supporting paid users with Volume Profile on extended volume dataset. We recommend to use it, because of access to more precise data.
Script Initialization:
After adding this script to the chart, a blue dialog with ‘Set the “start date” time for “VPR”’ label will be shown. You should pick ‘start date’ on the chart by pressing point on the chart. A line will appear in that place, that can be moved later by move over and catching a rectangle dot over the line.
After ‘start date’ selection, a blue dialog with ‘Set the “end date” time for “VPR”’. You should pick the ‘end date’ on the chart by pressing point on the chart. A line will appear in that place, that can be moved later by move over and catching a rectangle dot over the line.
If picked range is too small, a red label “Range should be bigger than 50 bars” will be shown. In that case just catch the rectangle dot over the line and move it to increase the range.
Settings:
SCANNER VISUALIZATION
Start date – Start date from which bars should be taken into account during calculations. For the narrow range, the estimation may differ significantly from the Volume Profile available for Paid Traiding View users.
End date – End date to which bars should be taken into account during calculations. For the narrow range, the estimation may differ significantly from the Volume Profile available for Paid Traiding View users.
Rows – Number of rows
Width – Width of the visualization.
Position – Position of the visualization:
S_DU – At START of the area, DOWN first
S_UD – At START of the area, UP first
BE_DU – At BEFORE END of the area, DOWN first
BE_UD – At BEFORE END of the area, UP first
E_DU – At END of the area, DOWN first
E_UD – At END of the area, UP first
Color Up – Color of volume classified as move Up, or Both if separation is off.
Color Down - Color of volume classified as move Down
Color Border – Border color.
Up/Down separate – Draw separate volume classified as Up and Down
Show values – Showing volume values of the bars.
Troubleshooting:
In case of any problems, send error details to the author of the script.
CAGR Custom Range█ OVERVIEW
This script calculates an annualized Compound Annual Growth Rate from two points in time which you can select on the chart. It previews an upcoming feature where Pine scripts will be able to provide users with interactive inputs for time and price values.
👉🏼 We are looking for feedback on our first take of this feature.
Please comment in this publication's "Comments" section if you have suggestions for improvement.
█ HOW TO USE IT
When you first load this script on a chart, you will enter the new interactive selection mode. At that point, the script is waiting for you to pick two points in time on your chart by clicking on the chart. Once you select the two points, the script will find the close value for each of the two selected bars, and calculate the CAGR value from them. It will then display a line between the two points, and the CAGR value above or below the last point in time.
If the CAGR value is positive, the line and label will display in their "up" color (see the "🠅" color in the script's "Settings/Inputs" tab), otherwise they appear in their "down" color (the "🠇" color in the inputs). You can also control the line's width from the inputs.
You have the option of comparing the chart's CAGR value with that of another symbol, which you specify in the "Compare to" input. When a comparison is made, the label's background color will be dependent on the result of the comparison. The line's color will still be determined by the chart's value.
Once time points have been selected on the chart and the script is displaying the line, you can change the time points by clicking on the script's name on the chart. A small, blue rectangular handle will then appear for each point, which you can then grab and move. If you reset the inputs using the "Defaults/Reset Settings" button in the script's inputs, the two time points will reset to the beginning of September and October 2021, respectively.
█ CONCEPTS
The CAGR is a notional, annualized growth rate that assumes all profits are reinvested. It calculates from the close value of the two end points. It does not account for drawdowns, so it does not calculate risk. It can be used as a yardstick to compare the performance of two instruments. Because it annualizes values, the function requires a minimum of one day between the two end points (annualizing returns over smaller periods of times doesn't produce very meaningful figures).
█ LIMITATIONS
• The two selected points must be distant from a minimum of one day. A runtime error will occur otherwise.
• There is currently no way to restart the interactive mode from scratch without re-adding the script to the chart.
• The points in time you select on one chart may map quite differently on other charts,
depending on their constituent bars (e.g., intraday charts for 24x7 and conventional markets).
█ FOR PINE CODERS
• Our script uses the most recent version of Pine, as the `//@version=5` compiler directive indicates.
• Interactive inputs were a long-standing and highly-requested feature by our beloved community of Pine coders.
We hope you find this first step promising, as it opens up entirely new possibilities for both Pine coders and script users.
You can, for example, use interactive inputs to draw shapes with your scripts, or support and resistance levels, etc.
We're sure you'll come up with more creative uses of the feature than we could ever dream up )
• Interactive inputs are implemented for input.time() and input.price() , the specialized input functions now available in v5.
See the User Manual's new page on inputs for more information about them.
You can also create one interactive input for both time and price values
by using the same `inline` argument in a pair of input.time() and input.price() function calls.
• Our min/max filtering when initializing `entryTime` and `exitTime` will handle cases where
the script user inverts the two points on the chart.
• The script uses the new runtime.error() function to throw an error in the `if days < 1` conditional structure.
• We use the `cagr()` function from our recently-published ta Pine library .
Pine libraries — not to be confused with the Public Library showcasing scripts published by our community of Pine coders —
are one of the new features available with the recent Pine v5.
• Note that our `strRightOf()` function cannot be used to generate ticker identifier strings for use in `request.*()` functions.
This is because it produces results of "series" form while the functions require
arguments of "simple" form for their `symbol` or `ticker` parameters.
Have a look at our new User Manual page on Pine's Type system if you need to brush up on Pine forms and types.
• We use a simple, repainting request.security() call because our calculations are not used to generate orders or alerts.
• We document our user-defined functions using the same compiler directives used in exported functions in libraries.
It will make conversion of those functions to library format easier if we ever choose to do so.
• We use two Unicode hair spaces (U+200A) to push the "%" sign slightly away from values in our str.format() calls.
While the impact is minimal, it increases readability.
• Note the `priceIsHigh` logic used to determine if we place the label above or below bars.
When price is higher than recent prices, we place the label above the bar, otherwise we place it below.
It's not foolproof but it provides optimal positioning most of the time.
• The point of the complicated "bool" expression initializing `displayCAGR` is to ensure that we only draw the line and labels once.
When no comparison with another symbol is made, this occurs the first time we encounter a non- na value from the `cagr()` function.
When a comparison is required, it occurs the first time both values are not na .
• Before all mentions of "CAGR" in our description, we use a Unicode zero-width space (U+200B)
to prevent the auto-linking feature to kick in for the term.
This prevents the dashed underscore and a link like this (CAGR) from appearing every time "CAGR" is mentioned.
• With Pine v5, the `study()` declaration statement was renamed to indicator() .
Accordingly, we will be eliminating the use of the "study" term from documentation and the UI.
The generic "script" term will continue to designate Pine code that can be an indicator, a strategy or a library, when applicable.
• We followed our new Style guide recommendations to write our script.
• We used the techniques explained in the How We Write and Format Script Descriptions publication by PineCoders.
• That's it! We've covered all the new features and tricks we used. We sincerely hope you enjoy the new interactive inputs,
and please remember to comment here if you have suggestions for improvement. 💙
Look first. Then leap.
[blackcat] L1 Jon Andersen R-Squared IndicatorLevel: 1
Background
The R-Squared indicator created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES .
Function
This script fristly creates the coeffR function which is used to produced the R-Squared indicator. The coeffR function is used to calculate the correlation coefficient R. Once I have created and verified the coeffR function, the R-Sqaured indicator can be built easily.
Key Signal
AvgSqrR --> Smoothed R-Squared Oscillator Output.
Labels and alerts are added.
Remarks
Feedbacks are appreciated.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Enhanced DMILevel: 1
Background
The Directional Movement Index (DMI) is an indicator developed by J. Welles Wilder in 1978 that shows the direction in which the price of an asset is moving. The indicator does this by comparing previous highs and lows and drawing two lines: a positive directional movement line (+ DI) and a negative directional movement line (-DI). An optional third line, called the Average Directional Index (ADX), can also be used to measure the strength of the upward or downward trend.
When + DI is above -DI there is more upward pressure than downward pressure in price. Conversely, when -DI is above + DI, there is more downward pressure on the price. This indicator can help traders estimate the direction of the trend. Crossovers between the lines are also sometimes used as trading signals to buy or sell.
Function
This is a blackcat1402 enhanced DMI indicator by counting period number of +DI and -DI relationship, overbought and oversold states are given.
Key Signal
White line --> +DI
Yellow line --> -DI
Fuchsia line --> ADX
Green line --> ADXR, or averaged ADX
red OB label --> overbought
green OS label --> oversold
Remarks
Feedbacks are appreciated.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Vitali Apirine Rate Of Change With BandsLevel: 1
Background
Vitali Apirine introuced this RoC indicator of “Rate Of Change With Bands” on March 2021.
Function
In Vitali Apirine's article “Rate Of Change With Bands” , the author introduces a concept of identifying overbought and oversold levels based on calculating standard deviation bands of the rate of change (ROC) momentum oscillator. The rate of change bands widen and narrow as the ROC deviation increases and decreases. The author proposes using this indicator in conjunction with other technical analysis methods to determine if the instrument is overbought or oversold.
Key Signal
UpperBand --> overbought threshold
oMARoc --> Output RoC Moving Average
LowerBand --> oversold threshold
Labels
L --> Long
S --> Short
XL --> Close Long
XS --> Close Short
Pros and Cons
100% Vitali Apirine definition translation, even variable names are the same. This help readers who would like to use pine to read his article.
Remarks
The 1st script for Blackcat1402 Vitali Apirine series publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Blackcat Customized CCI IndicatorLevel: 1
Background
This CCI indicator is blackcat customized version with enhanced features.
Function
This CCI use green line to indicate strong long trend with cci values > 0 and red line to indicate weak long trend with cci values <0. It also use yellow and fuchsia candles to present the strong and weak long trend. A green candle is used to indicate long entry, while a red candle is usded to indicate long flatten signal.
Key Signal
green line --> strong long trend
red line --> weak long trend
blue line --> trend strength indicator
SELL label --> flatten long or short entry
BUY label --> long entry
TOPDIV label --> top divergence indicator
BOTDIV label --> bottom divergence indicator
Remarks
Feedbacks are appreciated.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Swing Reversal IndicatorLevel: 1
Background
Many asked me about swing reversal indicators. There are many but less of them can guarantee high win rate. Because market is complex, the reversals can be nested together, which means sub level reversals will be contained in higher level waves. This can be well explained by Elloit wave theory.
Function
Here it is a simple moving average based swing reversal indicator as an example for many others to improve it. Although it simple, it could be very powerful to dedicated trading pairs in specific time frame. One can adjust N1~N4 as SMA peiords from short to long to customized this indicator or even by trying different moving average types to enhance its accuracy.
Key Signal
N1~N4 --> SMA look back periods
OB --> Overbought Threshold
OS --> Oversold Threshold
Pros and Cons
Simpe but powerful. More feedbacks are appreciated.
Remarks
Easy to be customized or integrated to your trading system.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Enhanced Awesome OscillatorLevel: 1
Background
The awesome oscillator is just that, an oscillator by Bill Williams. In contrast to the slow stochastics, which ranges from +100 to -100, the fantastic oscillator is limitless. On the surface, one might think that the fantastic oscillator is made up of a complicated algorithm developed by a Whiz Kid from M.I.T. You will be surprised to learn that the indicator is a basic calculation of two simple moving averages. I made some improvements on it by introducing some novel moving average functions and choppiness index as L1 Enhanced Awesome Oscillator.
Function
Yellow bars for bull and fuchsia bars for bear with candles. Buying and selling signal is provided. Divergence signal is provided. Choppiness index is used as a green background color, which indicates trends when it under green color. The choppiness index is used to filter out entry signals.
Key Signal
yellow candle --> bull
fuchsia candle --> bear
yellow DIV label --> bottom divergence
fuchsia DIV label --> top divergence
red SELL label --> short entry
green BUY label --> long entry
Remarks
Feedbacks are appreciated.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 Digitized KDJLevel: 1
Background
This is a simple model for digitized KDJ
Function
Lime for bull and Red for bear with digitized candles.
Key Signal
lime candle --> bull
red candle --> bear
blue candle --> watch
yellow candle --> long entry
fuchsia candle --> overbought
Remarks
Feedbacks are appreciated.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L3 Bias ScalperLevel: 3
Background
Bias alone is a powerful tool for trading. I use SMA3, SMA10, SMA20, SMA30 to cover short and middle term of the trend for scalping. Multiple biases can be introduced for long and short entries.
Function
Use SMAs and biases for scalping with whale move alert (banker fund flow detection)
Key Signal
buy --> entry signal for long
strongbuy --> entry signal for long
add --> buy more or re-entry signal for long
reduce --> partial exit for long
exit --> complete exit for long
sell --> short entry signal
whalemove --> banker fund move detection
Pros and Cons
This script provides entry signal together with whale detection by bias algorithms, you can use whale move to predict next move of trend in large time frame. However, trading signal should be further filtered out for more precise entry signal.
Remarks
At beginning, I want to make it simple and it looks very complex at the end...
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L1 MACD with Overbought and Oversold DetectionLevel: 1
Background
This MACD is designed with unique oversold and overbought detections, which you may not sell or buy immedidately. You may need to watch the trend movements and decide to buy or sell on current or next goldcross and deadcross respectively.
Function
Add oversold and overbought detections for MACD to locate proper entry point.
Key Signal
diff--> MACD fast line
dea --> MACD slow line
macdhisto --> MACD histogram
overbought --> overbought signal
oversold --> oversold signal
Pros and Cons
It assits you to locate a rough zone for overbought and oversold in classic MACD indicator. Classic MACD indicator does not have this function.
Remarks
Since we cannot look into the future, so it does not inform you on exact entries but alerts of current or next cross may be a good opportunity.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Dual KDJ IndicatorLevel: 2
Background
I am wondering how it works with short-term and middle-term KDJ indicators put together to emulate MTF.
Function
Use a fast and a slow KDJ to combine signal together to judge trend
Key Signal
oversold --> oversold signal for long
reentry --> re-entry signal for long
addmore --> buy more signal for long
sellready --> overbought signal for short
Pros and Cons
Although it can filter out some noise, dual KDJ still have saturation issue. It may not so reliable when there are extreme market movements as similar to signle KDJ indicators.
Remarks
It improves KDJ to some extent, but it does not satisfy me yet. Keep improving.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers MESA Stochastic IndicatorLevel: 2
Background
John F. Ehlers introuced MESA Stochastic Indicator in Jan, 2014.
Function
The MESA Stochastic oscillator, a stochastic successor that removes the effect of spectral dilation through the use of a roofing filter.
Key Signal
MESAStochastic --> Ehlers MESA Stochastic Indicator fast line
Trigger --> Ehlers MESA Stochastic Indicator slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 101th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Super Smoother FilterLevel: 2
Background
John F. Ehlers introuced Super Smoother Filter in Jan, 2014.
Function
In “Predictive And Successful Indicators” in Jan, 2014, John Ehlers describes a new method for smoothing market data while reducing the lag that most other smoothing techniques have. And this is a very popular filter to eliminate noise of market signal.
Key Signal
Filt --> Ehlers Super Smoother Filter fast line
Trigger --> Ehlers Super Smoother Filter slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 100th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Fisherized Deviation Scaled OscillatorLevel: 2
Background
John F. Ehlers introuced Fisherized Deviation Scaled Oscillator in Oct, 2018.
Function
In “Probability—Probably A Good Thing To Know,” John Ehlers introduces a procedure for measuring an indicator’s probability distribution to determine if it can be used as part of a reversion-to-the-mean trading strategy. Dr. Ehlers demonstrates this method with several of his existing indicators and presents a new indicator that he calls a deviation-scaled oscillator with Fisher transform. It charts the probability density of an oscillator to evaluate its applicability to swing trading.
Key Signal
FisherFilt --> Ehlers Fisherized Deviation Scaled Oscillator fast line
Trigger --> Ehlers Fisherized Deviation Scaled Oscillator slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 91th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Rocket RSI IndicatorLevel: 2
Background
John F. Ehlers introuced Rocket RSI Indicator in May, 2018.
Function
In “RocketRSI—A Solid Propellant For Your Rocket Science Trading” in May, 2018, John Ehlers introduces a new take on the classic RSI indicator originally developed by J. Welles Wilder. Ehlers begins by introducing a new version of the RSI based on a simple accumulation of up and down closes rather than averages. To this he applies a Fisher transform. He tells us that the resultant output is statistically significant spikes that indicate cyclic turning points with precision.
With this indicator, overbought and oversold conditions are clear:
## Oversold Entry Condition: Indicator crosses value (RocketRSI crosses over -2.00)
## Overbought Exit Condition: Indicator crosses value (RocketRSI crosses under 2.00)
Note the used “crosses under 2.00” for the exit condition, rather than “crosses above 2.00.” This lets the winning positions ride further, and resulted in a better overall return in backtesting.
Key Signal
RocketRSI --> Ehlers Rocket RSI Indicator fast line
Trigger --> Ehlers Rocket RSI Indicator slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 90th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L3 Ehlers Market Mode IndicatorLevel: 3
Background
John F. Ehlers introuced Market Mode Indicator on April, 2012.
Function
This indicator is used to determine whether the market is in a trending or a cyclical mode. This is accomplished by comparing the average value of price, after being filtered to the peaks and valleys of that filtered price. The filter used in this indicator is a second order butterworth filter. For more information on this calculation see "Introducing SwamiCharts" (March 2012) and "Empirical Mode Decomposition" (March 2010) from Technical Analysis of Stocks and Commodities by Dr. Ehlers.
Key Signal
MeanCalc --> short term fast line
MeanCalc(2) --> short term slow line
long ---> long entry signal
short ---> short entry signal
Pros and Cons
NOT 100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 80th script for Blackcat1402 John F. Ehlers Week publication.
I kept the core of Ehlers market mode indicator, but add conditons for long and short entries which i think they are reasonable.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers SwamiCharts StochasticLevel: 2
Background
John F. Ehlers introuced SwamiCharts Stochastic Indicator in Mar, 2012.
Function
In the late 1950s, George Lane developed stochastics, an indicator that measures the relationship between an issue's closing price and its price range over a predetermined period of time. To this day, stochastics is a favored technical indicator because it is easy to understand and has a high degree of accuracy in indicating whether it's time to buy or sell a security. In “Introducing SwamiCharts” in Mar, 2012, authors John Ehlers & Ric Way presented the use of SwamiCharts to better visualize market activity using an indicator that presents a heatmap visualization. The authors provided descriptions for the construction of SwamiCharts using Stochastic indicator.
Key Signal
Stochastic ---> Stochastic array
Plot2~48 ---> SwamiCharts Stochastic Heat Map
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 78th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Stochastic RSILevel: 2
Background
John F. Ehlers introuced his Stochastic RSI in August, 2006.
Function
John Ehlers' article in August, 2006, "Modeling The Market = Building Trading Strategies," describes a process for extracting trend and cyclic elements from market data, then recombining them for trading purposes. He used the Stochastic RSI denoted the cyclic elements.
Key Signal
StochRSI--> Ehlers Stochastic RSI fast line
Trigger--> Ehlers Stochastic RSI slow line
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 70th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Classic Hilbert TransformerLevel: 2
Background
John F. Ehlers introuced Classic Hilbert Transform in his "Cycle Analytics for Traders" chapter 14 on 2013. The Hilbert Transform is a procedure to create complex signals from the simple chart data familiar to all traders. Once we have the complex signals, we can compute indicators and signals that are more accurate and responsive than those computed using conventional techniques. In fact, some of the indicators we will discuss cannot be calculated at all without the Hilbert Transform.
Function
blackcat L2 Ehlers Hilbert Transform indicator performs basic Hilbert Transform ( HT ) from chart data source and generate complex IQ data.
Key Signal
Imag --> Quadrature phase output signal
Real --> In-phase output signal
Pros and Cons
100% John F. Ehlers definition translation, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 57th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Bandpass FilterLevel: 2
Background
John F. Ehlers introuced Bandpass Filter in his "Cycle Analytics for Traders" chapter 5 on 2004.
Function
After declaring variables, the band-pass filter calculation is preceded by a high-pass filter whose cutoff frequency is one half-bandwidth octave below the lower-frequency critical frequency of the band-pass filter to avoid interference with the action of the band-pass filter while still removing the effects of Spectral Dilation.
Key Signal
Trigger ---> Bandpass Filter fast line
Signal ---> Bandpass Filter slow line
Pros and Cons
100% John F. Ehlers definition translation of original work, even variable names are the same. This help readers who would like to use pine to read his book. If you had read his works, then you will be quite familiar with my code style.
Remarks
The 38th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
[blackcat] L2 Ehlers Laguerre RSI IndicatorLevel: 2
Background
John F. Ehlers introuced Laguerre RSI Indicator in his "Cybernetic Analysis for Stocks and Futures" chapter 14 on 2004.
Function
“Truth and science always triumph over ignorance and superstition.” said by Dr. Ehlers. We can generate superior smoothing with very short filters, it follows that we should be able to create superior indicators using very short data lengths also. The use of shorter data lengths means that we can make the indicators more responsive to changes in the price. The Laguerre RSI will be used as an example.
Key Signal
RSI ---> Laguerre RSI Indicator fast line
RSI(1) ---> Laguerre RSI Indicator slow line
Pros and Cons
100% John F. Ehlers definition translation of original work, even variable names are the same. This help readers who would like to use pine to read his book. If you had read his works, then you will be quite familiar with my code style.
Remarks
The 34th script for Blackcat1402 John F. Ehlers Week publication.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
