Golden Fib WavesDynamic Fibonacci levels in pleasing gold shades. Smoothing (SMA) of swing lows and highs enabled by default. Boldly, this just looks good. I am not sure whether it is of any help for trading purposes. If you do in fact find it useful, feel free to drop me a line and to share your insights.
在腳本中搜尋"wave"
Compare Wave IndexI built this indicator to compare the performance of multiple chart ID's, at the moment the chart analyses how far above or below the assets prices are compared to a moving average. In this first version, the indicator compares BTC against the current chart and also one customisable ticker, which by default is set to SLRBTC.
As I update the indicator I intend to make it possible to add many other chart IDs so that I can just take a quick look at the indicator to see how my faviorite assets are performing.
Any feedback is welcome, if anyone has any questions just leave me a comment.
Happy Trading,
Biffy
RSI TrendspotterHad a bit of a TA epiphany with RSI so bear with me. The time since RSI was last overbought/sold is a solid trend indicator. This may seem obvious but after x number of years trading it hit me like a smack in the face. I've coded this for easy visualisation. They're fairly simple changes but it's making a big difference in my trendspotting already.
In the example CMG hasn't been overbought for 183 days, so the RSI is mostly green:
Before that it hadn't been oversold for 199 days, so RSI is mostly red:
And before that it was ranging like a maf*ckin' sine wave, so the RSI shows green, red, green, red, etc.:
Finally, normal RSI for comparison. Same data, but now with pretty colours:
I've also added overbought/oversold highlights cause that just makes the whole charting thing a lot easier. Enjoy!
DVDIQQE [DW]This is an experimental study inspired by the Quantitative Qualitative Estimation indicator designed to identify trend and wave activity.
In this study, rather than using RSI for the calculation, the Dual Volume Divergence Index oscillator is utilized.
First, the DVDI oscillator is calculated by taking the difference between PVI and its EMA, and NVI and its EMA, then taking the difference between the two results.
Optional parameters for DVDI calculation are included within this script:
- An option to use tick volume rather than real volume for the volume source
- An option to use cumulative data, which sums the movements of the oscillator from the beginning to the end of TradingView's maximum window to give a more broad picture of market sentiment
Next, two trailing levels are calculated using the average true range of the oscillator. The levels are then used to determine wave direction.
Lastly, rather than using 0 as the center line, it is instead calculated by taking a cumulative average of the oscillator.
Custom bar colors are included.
Note: For charts that have no real volume component, use tick volume as the volume source.
Weis Wave Volume with alert [LazyBear]LFI added alert conditions to LazyBear's indicator on the second bar of a turn to bullish or bearish.
To use alerts:
be sure you are on the interval you want to create your alert,
be sure the indicator inputs are the way you want them,
create an alert, choose this indicator and then choose one of the 2 conditions.
Changes to the inputs after an alert was created require alerts to be recreated.
The alerts trigger on the second bar to avoid noise.
I also changed the default aesthetics, but more importantly the default period (from 2 to 5, because that's what I use most often).
Gain/Loss Moving Average [Cyrus c|:D]This is a simple momentum indicator. It calculates the moving average of gains and losses. As you can see in the chart above, gains have been decreasing in each wave which is also captured by this indicator. Its closest relative is RSI but unlike RSI it is not range bound. Divergence on indicators that are not range bound are generally more reliable.
Recommended settings:
- EMA as moving average type.
- EMA length 27 is equal to RSI length 14 (2 x RSI length - 1). You can sync the length on the two indicators using that equation.
- hlc3 (AKA typical price) as input source might be better than "close" as it captures more information. If you use hlc3 as a source, then change the chart type to line and set hlc3 as the source for identifying divergence.
PS: Let me know if you know any identical indicator. I may be re-inventing the wheel :)
Elliott Wave Oscillator w/ Signal LineI just added a signal line to Koryu's code to fit my trading style. When the signal line crosses zero, it confirms to me that it's safe to trade.
Bill Williams Trading Chaos Vol 1-NoviceThis is a revision of a script developed by tekolo. I hope tekolo takes a look. The concepts are here but I struggle with pine. I am very much a novice, but I tried to put information from the original book, Trading Chaos, Volume One by Bill Williams. There are too many plots to get this to wor. I made a lot of plot lines into comments to get it to run. I'm hoping someone with an interest in this material and some programming skills will be kind enough to take these thoughts and put them in a script that the Pine Editor would actually run. Thanks for taking a look. I do believe in these leading indicators. This is information included for Novice Level Trading in the Bill Williams book. There are more indicators developed in his material, but the jest is that Price is an end result of the marketplace. Market participation (Volume), Market Bias (Momentum), Increased Participation and Bias (Acceleration) all preceed the formation of the Trend. This along with Elliott Wave interpretation using his indicators as a basis for locating key points of the Elliott Wave, are most of what I understand about this interesting man's work. Again, I am a novice at all of this, but the leading indicators that result in price seem interesting. Thanks!
Original Wavy Tunnel This wavy tunnel setup is constructed according tu Jody Samuel's original Wavy Tunnel, consist of wave, tunnel & filter. Instead of dotted EMA like other user has constructed, this script uses smooth medium width EMAs & colored exactly like the formula Jody has instructed in her course.
Salty GRaB Wave with Highlights for Squeeze CCI-Arrows SlowStochThis indicator shows GRaB candles and allows several moving averages to be displayed at the same time.
It uses background coloring to identify momentum shifts. Wide bands of color can be used to identify trends while short bands of color can be used to identify reversals.
It has arrows above or below the candles to show CCI values above 100 or below -100 with the arrow pointing in the direction of the momentum.
It has red background coloring to show slow stochastic Overbought ranges and dark red signals indicating a cross of the fast and slow lines.
It has green background coloring to show slow stochastic Oversold ranges and dark green signals indicating a cross of the fast and slow lines.
It has yellow background to show squeezes with additional Squeeze information shown at the bottom of the chart in the form of letters and momentum arrows.
BE-RSI + Over Bought/Sold indicator. v1.05**Minor Fix: Colored when going up, AND down after the limit: 30 or 70.**
This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
Strong indicator for starting a slow/correction movement.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under 30, it's oversold turning green indicating a possible Buy.
It's another confirmation for trending lines to change direction.
snapshot
In the picture, we have BTC 1.76% -2.46% in a 1D chart. You can see the correlation is strong (Not 100% though)
Blue Empire is a Trading Academy teaching people how to do Wave Analysis and one important indicator is the RSI .
If you want to know more about learning, PM me for more information.
Added - Middle Trend Line. Below, it's going down. Above, It's going up.
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This is just an indicator, it doesn't predict the price. Use it at your own risk.
MG - Moving Average Offset AlertThe purpose of this indicator is to allow the user to get alerted when price gets within a certain threshold of an interesting moving average (which has a customizable length, type and source).
It can be used for a timely notification that the price is in an important area or used for alerts to trigger trades slightly above the moving average to provide a higher probability of getting an entry at a key level
Basic Example:
- A bullish impulse wave occurs
- You plan to join in the next wave as it bounces of the 50 SMA
- You would ideally like to do other things with your life than watch the screen all day but you would like some time beforehand to perfect your trade setup
- You therefore, could set an alert to let you know when price has dropped within 2% of the 50 SMA which would provide ample notice for a comfortable trade.
More interesting example - (Using autoview):
- A bullish impulse wave occurs late in the evening
- You would like to join in for the second wave but you are human and have to sleep
- You could identify sensible profit and stop loss targets beforehand
- You could then, in preparation:
- Set an alert at profit level to close any long positions
- Set an alert at stop level to close any long positions
- NOTE: If the alert is never reached, that is not a problem. You are simply closing a position (not applying the opposition action i.e. short)
- Once your targets are set up, you could add whatever offset you desire (if any), to your custom moving average and set a buy alert on that moving average.
- If the price bounces off the moving average, you have the whole trade set up and automatically put in to action whilst you're asleep!
Blue Empire - RSI with Over Bought/Sold indicator. v1.01**Minor Fix: Colored when going up, AND down after the limit: 30 or 70.**
This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under 30, it's oversold turning green indicating a possible Buy.
It's another confirmation for trending lines to change direction.
In the picture, we have BTC -2.46% in a 1D chart. You can see the correlation is strong (Not 100% though)
Blue Empire is a Trading Academy teaching people how to do Wave Analysis and one important indicator is the RSI .
If you want to know more about learning, PM me for more information.
##################
This is just an indicator, it doesn't predict the price. Use it at your own risk.
Blue Empire - RSI with Overbought/sold indicator.This is a Relative Strenght Index Indicator where you get a Colorful Mark when it's over bought / sold with it's respective color.
If it goes over 70, it's overbought turning red indicating a possible Sell.
If it goes under 30, it's oversold turning green indicating a possible Buy.
It's another confirmation for trending lines to change direction.
In the picture, we have BTC in a 1D chart. You can see the correlation is strong (Not 100% though)
Blue Empire is a Trading Academy teaching people how to do Wave Analysis and one important indicator is the RSI.
If you want to know more about learning, PM me for more information.
##################
This is just an indicator, it doesn't predict the price. Use it at your own risk.
CMO_EMA (Chande Momentum Oscillator and EMA)
The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of doing useless entry.
To prevent this, display EMA.
CMO_EMA (Chande Momentum Oscillator and EMA)The absolute value of "CMO" alone makes it impossible to know the current location for the waves and there is a possibility of making useless entries.
In order to prevent this, display EMA.
A Multi 10 indicatorREAD NOTE BEFORE APPLYING or you may think indicator doesnt work.
This indicator is a revise of another i made and contains 10 Optional Indicators allowing you to load more then 3 indicators at once if you so choose and dont pay for the platform!
Hopefully someone will find use for this script besides me :) I dont suggest turning all on at once because it
will not look right. Alot will overlap if you wish but i only use the Session and trend bar at once in
conjuction with a Oscillator setting like MacD , RSI , Stoch , Aroon or CCI .
In the chart you see i only have a few indicators active ENJOY!!
---------- NOTE ----------- ( Everything is OFF by default and indicator SHOULD show up BLANK when loaded) ------------ NOTE -------------
(Can turn EVERYTHING on AND change any values in the format tab once indicator loads)
Indicators included are listed below
Sessions, including, NY session, Aussie session, Asian session, and Europe market sessions.
MacD Split Colored , aroon oscillator
CCI Oscillator , classic aroon
RSI Oscillator , Elliot wave
Stoch RSI Oscillator , ATR%
My own Trend bar
---------- NOTE ----------- ( Everything is OFF by default and indicator SHOULD show up BLANK when loaded) ------------ NOTE -------------
(Can turn EVERYTHING on AND change any values in the format tab once indicator loads) CODE probably looks messey but this is something i made for me so i didnt really care lol
A Multi 10 indicatorREAD NOTE BEFORE APPLYING or you may think indicator doesnt work.
This indicator is a revise of another i made and contains 10 Optional Indicators allowing you to load more then 3 indicators at once if you so choose and dont pay for the platform!
Hopefully someone will find use for this script besides me :) I dont suggest turning all on at once because it
will not look right. Alot will overlap if you wish but i only use the Session and trend bar at once in
conjuction with a Oscillator setting like MacD , RSI , Stoch , Aroon or CCI .
In the chart you see i only have a few indicators active ENJOY!!
---------- NOTE ----------- ( Everything is OFF by default and indicator SHOULD show up BLANK when loaded) ------------ NOTE -------------
(Can turn EVERYTHING on AND change any values in the format tab once indicator loads)
NY session, Aussie session, Asian session, and Europe market sessions.
MacD Split Colored , aroon oscillator
CCI Oscillator , classic aroon
RSI Oscillator , Elliot wave
Stoch RSI Oscillator
Aroon Oscillator
My own Trend bar
---------- NOTE ----------- ( Everything is OFF by default and indicator SHOULD show up BLANK when loaded) ------------ NOTE -------------
(Can turn EVERYTHING on AND change any values in the format tab once indicator loads) CODE probably looks messey but this is something i made for me so i didnt really care lol
NG [Wave Period Oscillator]The WPO is a short-term oscillator that measures the buying and selling period of price cycles over a certain time interval.
The leading oscillator indicates a rise in buying period when it moves above the zero line and a rise in selling period when it moves below the zero line.
Trading Tactics
Center line Crossover: a bullish center line crossover occurs when the WPO line moves above the zero level to turn positive.
A bearish center line crossover occurs when the WPO line moves below the zero level to turn negative.
When bulls are in control, the price rally begins and the average of the bull’s period T increases to drive the WPO line above the center line.
A buy signal is subsequently triggered.
When the bulls start to loose power, prices move sideways and the average period decreases. In this case, the WPO line may fl utter near the center line and cause false signals, whipsaws.
To avoid the whipsaws occurring on the center line, the following trading tactics are proposed:
Uptrend Tactic:
During an ideal uptrend, the WPO does not reach the lower boundary -2 and usually rebounds from a higher level than -2.
This means that the bulls have taken control earlier. Hence, a zero line crossover generates a buy signal. The WPO crosses the upper boundary at +2 then pulls back again below +2 to generate a sell signal.
Sideways Tactic:
During sideways, the WPO fluctuates between the lower and upper boundaries -2 and 2. This tactic is also used in an uptrend where corrections are strong enough to drive the WPO line below the lower boundary.
Downtrend Tactic:
During downtrends, the WPO fails to reach the upper boundary and oscillates between the 0 and -2 levels. The bears enter early indicating an obvious weakness in the market. Therefore, crossing the zero level generates a sell signal.
Exit at Weakness:
During uptrend reversals and downtrends, the WPO oscillates between the center line and the lower boundary -2. The bears are controlling the market and move in wide cycle periods while the bull’s strength is almost absent.
An exit signal is triggered once the WPO crosses -2. When prices decline, the WPO may cross its extreme lower boundary at -2.7. Therefore, a swift exit signal is triggered once the WPO crosses -2.
Re-Entry:
During uptrend, the WPO crosses down the upper boundary level at +2 to generate a sell signal. Yet, it does not reach the zero line and the oscillator moves back toward the upper boundary.
This case is considered as strength while a re-entry signal occurs at the +2 level crossover. The sell signal is generated when the WPO line crosses down the upper boundary.
Fisher Transform Ribbons Indicator V1.0Utilizing the Fisher Transform by Ehlers with different lengths based on multipliers will allow you to notice movements in price and understand whether the shift was a correctional wave, or part of the overall trend.
To learn about Fisher Transform , check out the Fisher Transform documentation: www.mesasoftware.com
Fisher has plenty of functionalities. Ribbons provides you with a view of consistency in price action. If all ribbons flip, generally this is a strong signal that the trend is changing. Fisher is extremely punctual (minimum input lag) and robust (doesn't miss movement). Look for everything, including divergences, trends, and Oversold, Overbought points.
Changing length will further provide you more sensitivity in overselling and buying, while numbing chop.
Enjoy!
And for a single Fisher, check out HPotter's Fisher Transform or LazyBear's implementation of the inverse of the Fisher, which has many other interesting properties
