[blackcat] L3 Banker Fund Breath OscillatorLevel: 3
Background
I have been working on studying Banker Fund's behavior and have also released some technical indicators. Among these, I liken the cyclical behavior of Banker Fund to breathing. From the perspective of technical indicators, this behavior is actually more like an oscillator of large capital flows. So, I named this indicator: (blackcat) L3 Banker Fund Breath Oscillator
Function
(blackcat) L3 Banker Fund Breath Oscillator is bounded by the zero axis. When the indicator line is above the zero axis, it indicates that there is an inflow of large funds, or it is called the inhalation of banker funds. On the contrary, when the indicator line is below the zero axis, it indicates that there is an outflow of banker funds, or it is called the exhalation of banker funds. It is worth noting that the starting point for banker funds to flow in or out does not necessarily start at the zero crossing point.
In order to more clearly express the starting point of banker fund inflows and outflows, I use gradient colors to indicate the flow of funds. Yellow means fund inflow, fuchsia means fund outflow. When the yellow color above the zero axis begins to change to fuchsia, it is the transition point where funds change from inflow to outflow. When the fuchsia below the zero axis starts to change to yellow, it is the transition point where the funds change from outflow to inflow. Amplitude indicates the intensity of fund inflows or outflows. Therefore, you can observe the divergence of banker fund flow to judge the trend of subsequent fund, or the trend of prices.
Finally, this indicator can work in a very small time frame to provide some information ahead of price movements.
Inputs
WMA Filter Length --> WMA filter length definition
Trend Step Resolution --> Define trend step value for banker fund output
Number of Sum --> Banker fund model input, which will influence banker model accuracy.
Color Breath Lookback --> The larger value, the more blur of transition point for inflow and outflow.
Key Signal
fundbreath --> Banker fund breath output with color gradient
Remarks
This is a Level 3 free but closed source indicator.
Feedbacks are appreciated.
Blackcat1402
[blackcat] L3 Automatic Trend ChannelsLevel: 3
Background
Trend channels, also sometimes called price channels or trading channels, are a popular tool in technical analysis used by investors to determine good places to buy or sell. Trend channels consist of at least two trend lines that connect the swing highs and the swing lows of a trending or a sideways moving market. It’s important to note that trend channels don’t have to be perfectly parallel lines, but more on that later!
Function
Unlike many other authors who are eager to draw automatic trend lines, I made a trade-off between trend lines based channels and moving averages. As a result, it is more clear to see the trend change and price positions with overbought and oversolder zones highlighted in fuchsia and yellow colors, respectively. Same to trend lines, there are 3 main types of trend channels.
Ascending channel or Rising channel (higher highs and higher lows, which would break out sliver color trend channel and run into fuchsia color overbought band)
Descending channel or Falling channel (lower highs and lower lows, which would break out sliver color trend channel and run into yellow color oversold band)
Sideways or horizontal channel (ranging, which will keep oscillating within silver color trend channel)
Inputs
Algo Lookback (Smaller for Less Computing Power) --> This indicator is very computing-power consuming and if you failed to load it properly and try to input a smaller integer value here.
Algo Nested Period (Smaller for Faster Response) --> This indicator is very computing-power consuming and if you failed to load it properly and try to increase the number here.
Key Signal
Silver channel --> trend channel to identify sideways.
fuchsia band --> overbought band and sell after price cross under the fuchsia lines (Note, the second crossunder is more meaningful)
yellow band --> oversold band and buy after price break out and cross over the yellow lines (Note, the second crossover is more meaningful)
Remarks
This indicator algorithm is very computing-power consuming and it may fail to load in small time frame.
This is a Level 3 free but closed source indicator.
Feedbacks are appreciated.
[blackcat] L2 Sine-Weighted Moving Average (SWMA)Level: 2
Background
Invented by Patrick Lafferty in 1999, a Sine Weighted Moving Average (SWMA) takes its weighting from the first half of a Sine wave cycle and accordingly, the most weighting is given to the data in the middle of the data set. It is therefore very similar to the Triangular Moving Average.
Function
A sine weighted moving average (Sine-MA) applies weights to each bar in the shape of the bulge in a sine curve from 0 to pi. For an N-bar average the weightings are
/ 1 \ / 2 \ / N \
sin | --- * pi |, sin | --- * pi |, ..., sin | --- * pi |
\ N+1 / \ N+1 / \ N+1 /
The effect is that middle prices have the greatest weight (much like the TMA, Triangular Moving Average). A Sine Weighted Moving Average ( Sine WMA ) takes its weighting from the first half of a Sine wave cycle and accordingly, the most weighting is given to the data in the middle of the data set.
Key Signal
SWMA(FastLength) --> SWMA Fast Line.
SWMA(SlowLength) --> SWMA Slow Line.
Remarks
This is a Level 2 free and open source indicator.
Feedbacks are appreciated.
[blackcat] L2 Improved Jeffrey Owen Cyclical SystemLevel: 2
Background
In Jeffrey Owen Katz's article "Trading stocks with a cyclical system" he introduces the Stock Rhythm System. I found the central part is quite similar to KDJ indicator and I use my own KDJ algo to enhance its performance.
Function
Jeffrey Owen Katz has a customized stochastic indicator. I used it as the engine of my own KDJ trading system. My KDJ 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. Just as the Stochastic, the KDJ has the K & D lines, plus the J. This last one represents the divergence from the K-line. When all three converge, it usually signals a possible trend forming. Labels and alerts are added for long and short entries.
Key Signal
KVal --> K.
DVal --> D.
JVal --> J.
Remarks
This is a Level 2 free and open source indicator.
Feedbacks are appreciated.
[blackcat] L1 Mel Widner Auto Support and ResistanceLevel: 1
Background
This indicator/formula was presented in the May 1998 issue of the ‘Technical Analysis of Stocks and Commodities’ magazine. The article was titled “Automatic support and resistance” the article described an approach to finding support and resistance levels on a chart.
Function
Support and resistance analysis is a proven method for selecting key price levels for trading decisions; traders usually perform the analysis by hand. The automatic charting method and new oscillators presented here are easy to implement and give a precise comparison of price to these important levels. Suppose prices are moving higher, fed by steady cash flow and favorable expectations. Then, at some point, the advance begins to slow. Upward momentum is still dominant, but at that point it is diminishing and the rate of rise is decreasing, evidence of resistance. It is like throwing a ball into the air; the ball starts with initial momentum, then slows under the influence of gravity before eventually falling.
Prices behave in a similar manner. After opposing resistance forces are applied for a time, prices slow, finally stop, and reverse direction. The turning point is a resistance level and is the highest high price for that particular period. The converse is true for declining prices. A slowing decline results from support forces and a support level is established at the point where prices turn upward.
Simply, forces cause acceleration. Market forces do not directly produce momentum, but rather momentum changes. These momentum changes in turn are integrated or accumulated to establish momentum. The presence of market forces is evident when the slope of prices, or momentum, changes over time. The effect is most dramatic when forces also change, triggered by price moves or changes in expectations, and abrupt reversals occur. Examination of price histories can confirm the presence of these features.
Two oscillators are defined: the WSO (Widner support oscillator) and the WRO (Widner resistance oscillator). The WSO compares the current close with the most recent six support levels. Values range from zero to 100. WSO = zero means that the close is below all of the six support levels, and
WSO = 100 means that the current close is above all of the six support levels. Changes in WSO indicate changes in support, either breaking of an old level or establishing a new one. The WSO abd WRO are defined as:
WSO = 100( 1 – (INT(S1/C) + INT(S2/C) + INT(S3/C) + INT(S4/C) + INT(S5/C) + INT(S6/C)) / 6)
WRO = 100( 1 – (INT(R1/C) + INT(R2/C) + INT(R3/C) + INT(R4/C) + INT(R5/C) + INT(R6/C)) / 6)
Consequently, WSO and WRO can cross, but this is very uncommon.
Enter long when support is strong and resistance is weak or enter when support is building.
Key Signal
wso --> Widner support oscillator.
wro --> Widner resistance oscillator.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
[blackcat] L2 Perry Kaufman Adaptive MA (KAMA)Level: 2
Background
Kaufman’s Adaptive Moving Average (KAMA) was developed by American quantitative financial theorist Perry J. Kaufman in 1998. The technique began in 1972 but Kaufman officially presented it to the public much later through his book, “Trading Systems and Methods.” Unlike other moving averages, Kaufman’s Adaptive Moving Average accounts not only for price action but also for market volatility. KAMA is a moving average that takes into account market noise or volatility. KAMA will closely track prices when price fluctuations are relatively small and noise is low. KAMA will adapt to increasing price fluctuations and track prices from a greater distance. This trend following indicator can be used to identify the overall trend, time turning points and to filter price movements.
Function
You can use KAMA like any other trend-following indicator, such as a moving average. You can look for price crosses, directional changes and filtered signals. First, a cross above or below KAMA indicates directional changes in prices. As with any moving average, a simple crossover system will generate lots of signals and lots of whipsaws. Second, You can use the direction of KAMA to define the overall trend for a security. This may require a parameter adjustment to smooth the indicator further. You can change the fastline and slowline parameters to smooth KAMA and look for directional changes. The trend is down as long as KAMA is falling and forging lower lows. The trend is up as long as KAMA is rising and forging higher highs. Finally, You can combine signals and techniques. You can use a longer-term KAMA to define the bigger trend and a shorter-term KAMA for trading signals.
I have included in the indicator an input named "EnableSmooth" that allows you to determine if the KAMA line should be smoothed or not. A "True" as the input value smoothes the calculation. An "False" simply plots the raw KAMA line. When market volatility is low, Kaufman’s Adaptive Moving Average remains near the current market price, but when volatility increases, it will lag behind. What the KAMA indicator aims to do is filter out “market noise” – insignificant, temporary surges in price action. One of the primary weaknesses of traditional moving averages is that when used for trading signals, they tend to generate many false signals. The KAMA indicator seeks to lessen this tendency – generate fewer false signals – by not responding to short-term, insignificant price movements. Traders generally use the moving average indicator to identify market trends and reversals.
Key Signal
AMAValF --> KAMA Fast Line.
AMAValS --> KAMA Slow Line.
Remarks
This is a Level 2 free and open source indicator.
Feedbacks are appreciated.
[blackcat] L1 Tim Tillson IE/2Level: 1
Background
Before this script, I cannot find a IE/2 moving average script in tradingview. Although it is not so complex, it is meaningful to be the 1st Tim Tilson IE/2 script in tradingview community. IE/2 moving average was disclosed in "Smoothin Techniques For More Accurate Signals", Tim Tilson, S&C Magazine, Traders Tips, 01/1998.
Function
IE/2 is one of pre-studies created while T3 famous average was developing. It is calculated as (ILRS(n)+EPMA(n))/2. ILRS, is an integral of linear regression slope. In this moving average, the slope of a linear regression line is simply integrated as it is fitted in a moving window of length n across the data. The derivative of ILRS is the linear regression slope.EPMA is an end point moving average - it is the endpoint of the linear regression line of length n as it is fitted across the data. EPMA hugs the data more closely than a simple or exponential moving average of the same length.
The most popular method of interpreting a moving average is to compare the relationship between a moving average of the security's price with the security's price itself (or between several moving averages).
Inputs
Price --> price data to use
Period --> number of bars to use in calculation
Key Signal
Price --> Price Input.
IE/2 --> IE/2 Ouput.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
[blackcat] L1 Tim Tillson T3Level: 1
Background
T3 Moving Average is the responsive form of traditional moving averages. Presented in 1998 by Tim Tillson, T3 is also known as the Tillson Moving Averages. The thought behind the development of this technical indicator was to improve lag and false signals, which can be present in moving averages.
Function
The T3 indicator performs better than the ordinary moving averages. The reason for this is T3 Moving Average is built with the EMA (exponential moving average).
Its calculation is based on the sum of single EMA, double EMA, Triple EMA, and so on.
This gives the following equation:
T3 = c1*e6 + c2*e5 + c3*e4 + c4*e3…
Where
e3 = EMA (e2, Period)
e4 = EMA (e3, Period)
e5 = EMA (e4, Period)
e6 = EMA (e5, Period)
a is the volume factor, with a default value of 0.7 but you can also use 0.618
c1 = a^3
c2 = 3*a^2 + 3*a^3
c3 =6*a^2 – 3*a – 3*a^3
c4 = 1 + 3*a + a^3 + 3*a^2
When a trend appears, the price action stays above or below the trend line and doesn’t get disturbed from the price swing. The moving of the T3 and the lack of reversals can indicate the end of the trend. The T3 Moving Average produces signals just like moving averages, and similar trading conditions can be applied. If the price is above the T3 Moving Average and the indicator moves upward, this is a sign of a bullish trend. Here we may look to enter long. Conversely, if the price action is below the T3 Moving Average and the indicator moves downwards, a bearish trend appears. Here we may want to look for a short entry.
Key Signal
Price --> Price Input.
T3 --> T3 Ouput.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
[blackcat] L4 Better Stephen Klinger KVOLevel: 4
Background
The Klinger Volume Oscillator (KVO) is a trading indicator that uses both price and volume to identify potential longer-term trend reversal points in the markets. Introduced to the trading community by Stephen Klinger, this indicator measures the trend of cash flow based on volume and price movements. In this version, I enhanced it with better volume indicator colorful bars and better trading strategy to have entries and exits, which can be called as Better Klinger Volume Oscillator (BKVO)
Function
Although it is designed to measure the longer-term cash flow trend, it can also exhibit short-term fluctuations. This may sound confusing, but a simple version of the Klinger calculation can be better explained as follows:
The volume moves through the market in each period
Price movements, no matter how small they are taken into account
The Klinger oscillator uses the lowest, highest, and closing prices
The calculation is based on price and volume and is called volume force (VF).
We then get an oscillator derived from the VF Slow 55 EMA and Fast 34 EMA (plus a 13 EMA signal line).
There are four main ways traders use the BKVO to trade in the markets:
Trend direction
Buy and sell trading signals
Bullish and bearish divergence
Colorful volume bars to indicate trend status
Trend direction
When using the Klinger oscillator for trend, there are two ways to do it. The first method is to wait for the KVO indicator line, not the signal line, to cross the zero line.
Traders can also use an intersection of the signal line with the KVO line as a directional sign. It's a little more aggressive.
Traders would only consider long or short trades depending on the KVO line relationship with the zero line. Aggressive traders can buy or sell when the trend changes, keeping their strategy objective.
Buy and sell trading signals
When we use the actual trading signal indicator we are using the signal line the same way we would trade the moving average convergence divergence (MACD) crosses. If you traded every crossover, you can see that you are in draw down and caught in whipsaw. This is not the way to use the original version of KVO as a strategy. Due to original version may produce too many fake crosses. I prefer to use volume bars to display the trends with proper entry and exit alerts. However, it could be better if you can use your own experience and skills to utilize this indicator subjectively besides inherent alerts provided.
Klinger Divergence Trading
Divergence is essentially technical indicators showing one direction and price doing another. If you see the price chart heading upwards while the Klinger indicator has crossed the signal line and heading towards zero. This would be bearish divergence. Bullish divergence is the opposite. I designed divergence indicator inside. However, they are turned off in default and you have to turn them on by yourself if you think they are helpful.
Colorful volume bars
Volume has to be the most underrated market variable used in technical analysis. But if you know how to analyze and interpret them, you can watch market turning points develop and anticipate setbacks and trend changes. You can find out if the pros are buying or selling by analyzing:
Transaction volume at the bid or ask price
High to lower area of the bar and
Average trade size.
The colorful volume bars improves your typical volume histogram by coloring the bars based on 5 criteria:
Volume Climax Up - high volume, high range, up bar (red)
Volume Climax Down - high volume, high range, down bar (white)
High Volume Churn - bars with high volume and low range (green)
Low Volume - bar for low volume (yellow)
Volume Climax plus High Volume Churn - both of the above conditions (fuchsia)
When there are no volume signals, the default color of the histogram bar is cyan/aqua.
Key Signal
KVO Volume Climax up/ Peak Up (Red Bar)
Volume Climax Up bars are identified by multiplying the buy volume (traded on ask) by the range and then looking for the highest value in the last 8 bars (default setting). Volume Climax Up bars indicate a large volume demand leading to rising prices. By default, the bars are colored red.
Volume climax up bars are typically displayed when:
The starting signal for upward trends
The end of the uptrends and Pullbacks during downtrends.
The beginning of an uptrend is almost always marked by a Volume Climax Up bar.
This shows that buyers like to get in and bring large quantities to market and raise prices quickly. A valid breakout should be followed by further buying, but occasionally it will test the low of the volume climax up bar.
Market highs are also indicated by Volume Climax Up bars, often with high volume and / or low volume test patterns. Trend changes usually take a while to develop, so don't get pulled into it too soon - wait for the market to run out. One useful signal to look out for is the low volume bar - this shows that there is finally no demand and the market is likely to stop moving.
During a downtrend, pullbacks are often indicated by Volume Climax Up bars. These show short covers or traders calling a bottom too quickly. As soon as this Climax volume decreases, the downward trend is likely to continue. The continuation of the downtrend is confirmed when the low of the Volume Climax Up bar is taken out.
KVO volume Climax Down/ Peak Down (White Bar)
Volume Climax Down bars are essentially the opposite of Volume Climax Up bars.
Volume Climax Down bars are identified by multiplying the sales volume (traded at bid) by the range and then finding the highest value in the last 8 bars (default). Volume Climax Down bars indicate a large supply that is pushing prices down. The default setting is the white color of the bars.
Volume climax down bars are usually displayed when:
The beginning of the down trends
The end of the down trends and Pullbacks on uptrends.
The beginning of a downtrend is almost always marked by a Volume Climax Down bar.
This shows that the sellers are happy to join in and that large quantities come onto the market and that prices are quickly depressed. A valid breakdown should be followed by more sales, but occasionally the high of the Volume Climax Down bar is tested.
Market lows are also indicated by Volume Climax Down bars, often with low volume churn and / or test patterns. Trend changes usually take a while to develop, so don't get pulled into it too soon - wait for the market to run out. One useful signal to look out for is the low volume bar - it shows that there is finally no supply and the market is likely to stop falling.
During an uptrend, pullbacks are often indicated by Volume Climax Down bars. These show profit taking or traders calling a top too quickly. As soon as this Climax volume drops, the uptrend will likely resume. The continuation of the uptrend will be confirmed when the high of the Volume Climax Down bar is removed.
KVO High volume churn (Green Bars)
High volume churn bars are identified by dividing the volume by the high to low range of the bar and then looking for the highest value in the last 8 bars (default). High volume churn bars indicate profit taking, new supply at the top, or new demand at the bottom of the market. The standard setting is that the bars of the volume histogram are colored green.
High volume churn bars are typically seen at:
The end of the uptrends
The end of the down trends and Mid-trend profit-taking.
When volume churn is high, it means that demand is being met by new supply on top or supply is being met by new demand on the bottom - the price cannot actually go up when new supply or demand comes into the market. Hence the bar is low from top to bottom.
Occasionally Volume Climax (up or down) and High Volume Churn bars coincide and these bars are magenta in color. Beware of intra-day charts. The high volume churn often occurs on the last bars of the trading day. This does not necessarily represent a possible turning point, but a high volume of day traders closing positions.
KVO Low Volume (Yellow Bar)
Low volume bars are identified by looking for the lowest volume in the last 8 bars (default). Low volume bars indicate a lack of demand at the highs or a lack of supply at the lows. The default setting is to color the bars yellow.
Low volume bars are usually displayed when:
The end of the uptrends
The end of the down trends and Pullbacks right in the middle of the trend.
Low volume bars are important volume indicator signal for trend reversal. They are very useful for confirming indicators of a change in trend direction when the market is testing a high or a low.
KVO High Volume Churn + Climax (Fuchsia Bar)
This is a mixture of KVO High volume churn (Green Bars) and KVO Volume Climax up/ Peak Up (Red Bar) or KVO volume Climax Down/ Peak Down (White Bar).
KVO No Volume Signal (Cyan/Aqua Bar)
There is no volume featured signal produced by the indicator.
Remarks
This is a Level 4 invite-only and closed source indicator.
Redeem rule: constant 350 tradingview coins per month and 350X10 tradingview coins per year.
[blackcat] L2 Ehlers Adaptive Jon Andersen R-Squared IndicatorLevel: 2
Background
@pips_v1 has proposed an interesting idea that is it possible to code an "Adaptive Jon Andersen R-Squared Indicator" where the length is determined by DCPeriod as calculated in Ehlers Sine Wave Indicator? I agree with him and starting to construct this indicator. After a study, I found "(blackcat) L2 Ehlers Autocorrelation Periodogram" script could be reused for this purpose because Ehlers Autocorrelation Periodogram is an ideal candidate to calculate the dominant cycle. On the other hand, there are two inputs for R-Squared indicator:
Length - number of bars to calculate moment correlation coefficient R
AvgLen - number of bars to calculate average R-square
I used Ehlers Autocorrelation Periodogram to produced a dynamic value of "Length" of R-Squared indicator and make it adaptive.
Function
One tool available in forecasting the trendiness of the breakout is the coefficient of determination (R-squared), a statistical measurement. The R-squared indicates linear strength between the security's price (the Y - axis) and time (the X - axis). The R-squared is the percentage of squared error that the linear regression can eliminate if it were used as the predictor instead of the mean value. If the R-squared were 0.99, then the linear regression would eliminate 99% of the error for prediction versus predicting closing prices using a simple moving average.
When the R-squared is at an extreme low, indicating that the mean is a better predictor than regression, it can only increase, indicating that the regression is becoming a better predictor than the mean. The opposite is true for extreme high values of the R-squared.
To make this indicator adaptive, the dominant cycle is extracted from the spectral estimate in the next block of code using a center-of-gravity ( CG ) algorithm. The CG algorithm measures the average center of two-dimensional objects. The algorithm computes the average period at which the powers are centered. That is the dominant cycle. The dominant cycle is a value that varies with time. The spectrum values vary between 0 and 1 after being normalized. These values are converted to colors. When the spectrum is greater than 0.5, the colors combine red and yellow, with yellow being the result when spectrum = 1 and red being the result when the spectrum = 0.5. When the spectrum is less than 0.5, the red saturation is decreased, with the result the color is black when spectrum = 0.
Construction of the autocorrelation periodogram starts with the autocorrelation function using the minimum three bars of averaging. The cyclic information is extracted using a discrete Fourier transform (DFT) of the autocorrelation results. This approach has at least four distinct advantages over other spectral estimation techniques. These are:
1. Rapid response. The spectral estimates start to form within a half-cycle period of their initiation.
2. Relative cyclic power as a function of time is estimated. The autocorrelation at all cycle periods can be low if there are no cycles present, for example, during a trend. Previous works treated the maximum cycle amplitude at each time bar equally.
3. The autocorrelation is constrained to be between minus one and plus one regardless of the period of the measured cycle period. This obviates the need to compensate for Spectral Dilation of the cycle amplitude as a function of the cycle period.
4. The resolution of the cyclic measurement is inherently high and is independent of any windowing function of the price data.
Key Signal
DC --> Ehlers dominant cycle.
AvgSqrR --> R-squared output of the indicator.
Remarks
This is a Level 2 free and open source indicator.
Feedbacks are appreciated.
[blackcat] L1 New TRIX ScalperNOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused.
Level: 1
Background
The Triple Exponential Moving Average (TRIX) indicator is a strong technical analysis tool. It can help investors determine the price momentum and identify oversold and overbought signals in a financial asset. Jack Hutson is the creator of the TRIX indicator . He created it in the early 1980s to show the rate of change in a triple exponentially smoothed moving average.
When used as an oscillator, it shows a potential peak and trough price zones. A positive value tells traders that there is an overbought market while a negative value means an oversold market. When traders use TRIX as a momentum indicator, it filters spikes in the price that are vital to the general dominant trend.
A positive value means momentum is rising while a negative value means that momentum is reducing. A lot of analysts believe that when the TRIX crosses above the zero line it produces a buy signal, and when it closes below the zero line, it produces a sell signal.The indicator has three major components:
Zero line
TRIX line (or histograms)
Percentage Scale
Function
The TRIX indicator determines overbought and oversold markets, and it can also be a momentum indicator. Just as it is with most oscillators, TRIX oscillates around a zero line. Additionally, divergences between price and TRIX can mean great turning points in the market. TRIX calculates a triple exponential moving average of the log of the price input. It calculates this based on the time specified by the length input for the current bar.
Trading TRIX indicator signals
Zero line cross
TRIX can help determine the impulse of the market. With the 0 value acting as a centerline, if it crosses from below, it will be mean that the impulse is growing in the market.Traders can, therefore, look for opportunities to place buy orders in the market. Similarly, a cross of the centerline from above will mean a shrinking impulse in the market. Traders can, therefore, look for opportunities to sell in the market.
Signal line cross
To select the best entry points, investors add a signal line on the TRIX indicator. The signal line is a moving average of the TRIX indicator, and due to this, it will lag behind the TRIX.A signal to place a buy order will occur when the TRIX crosses the signal line from below. In the same way, a signal to place a sell order will come up when the TRIX crosses the signal line from above. This is applicable in both trending and ranging markets.In trending markets, a signal line cross will indicate an end of the price retracement, and the main trend will resume. In ranging markets, a signal line confirms that resistance and support zones have been upheld in the market.
Divergences
Traders can use the Triple Exponential Average can to identify when important turning points can happen in the market. They can achieve this by looking at divergences. Divergences happen when the price is moving in the opposite direction as the TRIX indicator.When price makes higher highs but the TRIX makes lower highs, it means that the up-trend is weakening, and a bearish reversal is about to form. When the price makes lower lows, but the TRIX makes higher lows, it means that a bullish reversal is about to happen. Bullish and bearish divergences happen when the security and the indicator do not confirm themselves. A bullish divergence can happen when the security makes a lower low, but the indicator forms a higher low. This higher low means less downside momentum that may foreshadow a bullish reversal. A bearish divergence happens when the commodity makes a higher low, but the indicator forms a lower high. This lower high indicates weak upside momentum that can foreshadow a bearish reversal sometimes. Bearish divergences do not work well in strong uptrends. Even though momentum appears to be weakening due to the indicator is making lower highs, momentum still has a bullish bias as long as it is above its centerline.When bullish and bearish divergences work, they work very well. The secret is to separate the bad signals from the good signals.
Key Signal
RXval --> new TRIX indicator.
AvgTRX --> linear regression average of new TRIX indicator.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
[blackcat] L1 Mel Widner Rainbow ChartNOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused.
Level: 1
Background
The Rainbow Charts indicator is a technical analysis tool that follows trend. It helps traders to visualize a full spectrum of trends in the market. Mel Widner developed the indicator and elaborated it in the 1997 issue of Technical Analysis of Stocks and Commodities magazine. It uses 10 simple moving averages and hence, it is a very interesting take on a simple moving average.
Function
The basis of the Rainbow Charts indicator are 10 moving averages. The first Rainbow Moving Average is a 2-period simple moving average. It applies recursive smoothing to this first SMA. The first moving average is the base of nine other simple Rainbow Moving Averages of different lengths. Each SMA bases on the previous SMA. The application of the recursive smoothing enables the indicator to create a full spectrum of the current trends in the market. As we know that the financial markets are full of wonders and surprises and we have an indicator that also surprises us. Yes, it is none other than the Rainbow Charts indicator that presents information on the charts in the form of a rainbow. That is the reason that it is known as the Rainbow Charts indicator.
The interpretation of the Rainbow Charts indicator is quite straightforward. The Rainbow Moving Average with the least recursive smoothing stays at the very top of the Rainbow during a bullish trend in the market. Conversely, the moving average with the most recursive smoothing stays at the bottom of the Rainbow.
On the other hand, the positions of the least and the most smoothed moving averages reverses during a bearish trend in the market. Now the least smoothed moving average stays at the bottom while the most smoothed moving average stays at the top of the Rainbow.
The Rainbow Charts indicator’s moving averages track the uptrend or downtrend in the market. The moving averages track the trend as it progresses and cross each other in a sequential order. The distancing of the price from the Rainbow indicates the continuation of the current market trend. Conversely, if the price moves closer to the Rainbow, it suggests that a potential trend reversal is imminent.
The use of the indicator is also quite simple. Traders should look for initiating a buy position as soon as a strong positive move starts. Similarly, they should look for opening a sell position at the very beginning of a strong negative trend. It is important to note that the angle of the moving averages helps to identify the strength of a trend. The steeper curve suggests a stronger trend and vice versa.
Traders can also use the tool in combination with other technical analysis tools as a trend-following indicator. Traders can enter a buy position when indicators suggest a strong bullish trend. They can initiate a sell position when indicators indicate a bearish trend. Technical analysts and experts always suggest to use the Rainbow Charts indicator in combination with other technical analysis tools for successful trading.
Key Signal
Plot a1~c4 --> 10 Rainbow Moving Averages.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
[blackcat] L1 Mel Widner Rainbow OscillatorNOTE: Because the originally released script failed to comply with the House Rule in the description, it was banned. After revising and reviewing the description, it is republished again. Please forgive the inconvenience caused.
Level: 1
Background
Mel Widner developed the Rainbow Oscillator and published it in 1997 in the Technical Analysis of Stocks and Commodities magazine.
Function
Mel Widner Rainbow Oscillator helps to predict the changes in the market trend and to follow trends. The oscillator is derived from a consensus of trends that, when plotted in color, has the appearance of a rainbow. It offers only two possible states, the upward and the downward. The Rainbow Oscillator is based on the Rainbow charts trend and is just like the Rainbow Moving Average charts. It works on the basis of a two-period moving average and its graph also helps to identify the highest high value and the lowest low value among moving averages. The Rainbow Oscillator is a simple indicator used to forecast trend reversal. It is a simple yet very important technical analysis tool. The oscillator works on the same rules as does the Rainbow indicator. It uses two simple moving averages, HHV and LLV. The Rainbow Oscillator creates an oscillator with bandwidth lines. Although it is a relatively new indicator but has become very popular for effectively forecasting the changes in the trend direction. The Rainbow Oscillator appears as a director of the trend as it follows the ups and downs of the market. The growing width of the Rainbow indicates that the current trend is likely to continue. The values of the Rainbow Oscillator beyond 80 suggest an unstable market and prone to a sudden reversal of the current market trend. On the other hand, when the prices move to the Rainbow and the Rainbow Oscillator begins to become flat, it indicates that the market is stable and the bandwidth decreases. The Rainbow Oscillator values falling below 20 again indicate an unstable market and also prone to a sudden reversal of the current trend in the market.
In simple words, we can derive the following rules.
The Rainbow Oscillator’s wider width suggests a continuation of the current trend.
The Rainbow Oscillator between -50 and +50 indicates a stable trend.
When traveling beyond 80, the Rainbow Oscillator suggests an unstable market and a possible reversal of the current trend.
The Rainbow Oscillator traveling below 20 also indicates instability and a potential reversal of the current market trend.
Key Signal
PosNeg --> Rainbow Oscillator Output.
Labels and alerts are added.
Remarks
This is a Level 1 free and open source indicator.
Feedbacks are appreciated.
[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] 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] L1 Jon Andersen Standard Error BandsLevel: 1
Background
The standard error bands created by Jon Andersen in "Standard error bands" in the September 1996 STOCKS & COMMODITIES.
Function
This script calculates the beta and alpha coefficients of the linear regression. First, it creates the calcB and calcA functions, which refer to the beta and alpha coefficients. Create calcB first, then calcA. These functions are used in calculating the regression coefficients for the standard error bands. In This standard error bands indicator, the "Length" value specifies the period of the linear regression line; the default is 21. The SDeg value specifies the smoothing factor that is used to smooth the linear regression and standard error bands; the default is 3.
Key Signal
LinRegS --> standard error bands center line
LinRegS + SErr --> standard error bands upper line
LinRegS - SErr --> standard error bands lower line
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] 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] 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 Ehlers FM DemodulatorLevel: 1
Background
John F. Ehlers introuced FM demodulator of "A Technical Description Of Market Data For Traders" on TASC MAY 2021
Function
John Ehlers introduces the use of FM modulation to determine the cycles of market data. The author also proposes that noise in market data does not necessarily mean chaos and that pink noise in the data implies memory in the data. According to the author, peaks and valleys of the FM demodulator indicator that he presents in the article can be correlated with major swings of the price. The FM demodulator indicator (FMD) ranges from -1.0 to 1.0. There is a natural delay in the detection of peaks and troughs, as we need to wait while the indicator has moved by a certain amount. The example system buys as soon as a new higher trough has been confirmed.
Key Signal
SS --> FM Demodulator ouput
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 103rd 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] 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] L1 Ehlers Phasor IndicatorLevel: 1
Background
This script was requested by @pips_v1. "A cycle is one market characteristic that can be scientifically measured. Although they can be measured, they are still maddening because they are in essence ephemeral; they come and they go. Our recent research, however, indicates there is a fundamental cycle parameter that leads us to the correct trading strategy for any current market mode." by John Ehlers
Function
John Ehlers describe the principle of phasor indicator as "One easy way to picture a cycle is as an indicator arrow bolted to a rotating shaft, as can be seen in a phasor diagram. Each time the arrowhead sweeps through one complete rotation, a cycle is completed. The phase increases uniformly throughout the cycle. The phase continues for the next cycle but is usually drawn as reset to zero to start the next cycle." The parameter we use is the phase of the cycle. The measured phase tells us with great sensitivity when we are in the trend mode, enabling the capture of a large fraction of the trend movement.
Key Signal
Phase --> Ehlers Phasor signal
Pros and Cons
100% John F. Ehlers definition translation of his publications, even variable names are the same. This help readers who would like to use pine to read his book.
Remarks
The 102th 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.
