PRIME - R.o.c.M Ind. W/ TrendsThis experimental script is a variant of a model that allows a separate indicator window to be opened, revealing data for on balance volume, rsi, consumer commodity index and momentum indications. By use of the settings key, you can change the parameter of the source input as well as the desired lengths. After data compilation, the indicator will automatically draw any trend lines applicable to what is presented. The additional code is an attempt to allow the system to apply pivot points for alerts within the indicator itself.
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold the publishing TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
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Volume Info from Lower Time FramesHello Traders,
We are now able to get info from lower time frames, Many Thanks to Pine Team .This script gets volume info from lower time frames and give alert if there is extreme volumes on last X lower time frame candles (if last X volumes are higher than volume moving average). so that if you set alerts on different securities then you will be able get alert if there is extreme volume moves and you can check the chart immediately.
The options:
Timeframe in Seconds : you can set lower time frames in seconds. by default it's 5 seconds. if you set it 60 then it will show 1min volumes, if you set it 1 then it will show 1 seconds volumes
MA Length : The script draws simple moving average using this length info. by default it's 20.
Number of Bars to Check for Alert : by default it's 5. meaning that if last 5 candles is greater than moving average and if you set alert then you get the alert "Extreme Volume"
Other options are for colors and line width.
As you can see in following example, chart time frame is 1 hour and the script shows volume info of 5 seconds candles:
Enjoy!
Monte Carlo Simulation - Random WalkHello All,
Monte Carlo Simulation is a model used to predict the probability of different outcomes when the intervention of random variables is present. it is used by professionals in such widely disparate fields as finance, project management etc. You can find many articles about Monte Carlo Simulation on the net.
In this script I tried to make Monte Carlo Simulation and "Random Walk". it calculates results over and over, each time using a different set of random values that is created using historical data (500 times by default) and show min-max and some random paths. number of "random walks" is calculated by using number of bars to predict, so if you change "Number of Bars to Predict" then number of random walks may change. Total number of the lines must be less than 500.
"Number of Simulations " is 500 by default, more simulation better results. but if you increase it a lot then you may get "loop takes too long error"
"Number of Bars to Predict" can be between 10-100
"Number of Bars to use as Data Source" is the number of historical bars to use in simulations
Thanks to Ricardo Santos (@RicardoSantos) for letting me use his Random Number Generator Function.
P.S. I am not mathematician and I tried to make it as far as I understood the method. so if you see any issue let me know please.
Some examples:
Number of Bars to Predict = 100:
Number of Bars to Predict = 10:
if you enable "Keep Past Min-Max Levels" option then min-max levels will stay on the chart
Enjoy!
On Balance Volume + Trend + DivergencesModification of original OBV indicator, with addition of Divergences identification & coloring OBV Line based on line (OBV either above or below EMA20 applied to OBV). Indicator works great in correlation with Volume, Stochastic and DMI and shows potential reversals earlier.
DMI with Oversold/Overbought markingModification of original DMI indicator, simply marking background in case of finding Overbought or Oversold levels - this happens when ADX is above both DI+ and DI- values.
Cumulative Pivot HighLowThis indicator counts number of higher highs/lows and number of lower highs/lows and calculates trend based on that.
Indicator line shows (sum of higher highs/lows - sum of lower highs/lows) derived from last loopback periods. Indicator is green if last two consecutive highs/lows formed are on higher side. Red if on lower side. (Consecutive numbers can be controlled by parameter direction_threshold )
combineHighsAndLows if unselected shows not cumulative version but last consecutive highs and lows marked in red or green according to the trend.
Shares Risk (Long)Ever struggle to know how many shares you should be placing your order with? Risk is different for every person and every stock. This can help.
In the example above, I've added this indicator the the chart.
I then specified:
Risk Amount ($) = $500. (The max amount I'm willing to risk.)
Risk Source = (another indicator) Lower Limit 3 . (See Lower Limits for more details)
Source Risk (%) = 0.0 (The default is 5.0 expecting the Risk Source to be the close.**)
Based upon how much I'm willing to risk, and the price difference between the close and Risk Source , this indicator will show the number of shares to purchase such that if the price drops to the stop level specified, my value loss should be limited to the Risk Amount .
333 shares is the value calculated for this example (latest bar). You can easily see how many shares you need to purchase for the lastest bar as well as track the previous values on the chart and the indicator cursor data.
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** WARNING: There's no magic here. It's just math. So if you specify another indicator as the source, the values could get a bit strange and if the price is very close to the stop level, the number of shares could be unreasonably high. To help avoid this you can increase the minimum percent.
Multi Time Frame Candles with Volume Info / 3DHello Traders,
This is my second Multi Time Frame Candles script but with this new one, you will have some new features such volume info, remaining time to close of higher time frame candle and also developed using new features of Pine such array of lines. also I tried to make it 3D for better visualization ;) also it shows new highs/lows / breakouts.
I tried to make many things optional, so you can change almost everything using options.
What you can change using options:
- Higher time frame
- Number of Candles
- Candle Colors Up/Down
- Wick Color
- Volume colors Up/Down
- Text color of Remaining Time
- Shadow Color
- Background color
- Start bar of the candles (so you can see many higher times frame candles in same window)
- 3D effect, by default it's enables but you can disable 3D view
Lets see some examples:
Remaining time:
Breakouts:
You can combine different higher time frames:
if you don't want 3D view then combining different higher time frames:
You can change background color:
Enjoy!
Daily High & Low BoundaryDisplays the day's progressive high and low of the day colorized by the day of the week.
US10Y / DXY - 10 Yield correlated This oscillator tracks the US and US10Y , Script is based in SPX/US oscillator by @someguy
Local LimitsDisplays recent higher highs, lower highs, lower lows, and higher lows as a collection of local limit indicators.
In its simplicity is a lot more powerful than might appear at first glance.
Does not rely on volatility calculation.
Can be linked together to create an objective view of recent support and resistance levels.
Makes current trends more visible.
Excellent for use as a trailing stop algorithm.
Parameters
Single Bar Sensitivity: True (default) reacts to individual bars. False only responds to the alignment of 2 bars.
Margin (1-5): Adds extra distance from higher lows and lower highs to reduce the sensitivity of broken trends.
Single indicators with configurable sources:
Local Limit Higher
Local Limit Lower
FCMS - Arrays Exercise - High Low with Arrays - StudyThis is just a script to exercise the use of arrays on pine script.
I think we could say that every for loop we had in pine script before the arrays, is eligible to become an array.
Our script will get more efficient and more reliable.
As every "if" case is elegible to became a function
I confess I was addicted to use if, else if, else in my codes, but recently i've been updating my scripts and it's became more efficient
I couldn't find an array function that insert an value removing the oldest one, so I'm using this condition to "shift" the first value.
I'll update as soon as I find a better way to do it.
In any case, for this specific goal, we already have an built in function, as I let on script
Hariz Hazwan 5 line indicatordetermining the risks by looking for the divergence of price from moving averages support line
All-time high and percentage dropsThis script calculates the ATH of whichever chart you use and plots it in blue
There is also an option to display the following ATH percentages: 90, 80, 70, 60, 50, 40 and 30 in white
1st Hour High and Low ISRDaily Range :
1st Hour High and Low From Market Start Time
ISR = Initial Support Resistance
Local Limit UpperDisplays recent higher and lower highs.
In it's simplicity is a lot more powerful than might appear at first glance.
Does not rely on volatility calculation.
Can be linked together to create an objective view of recent resistance levels.
Makes current trends more visible.
Excellent as a trailing stop (short) algorithm.
Can be used with its sibling: Local Limit Lower
Local Limit LowerDisplays recent higher and lower lows.
In it's simplicity is a lot more powerful than might appear at first glance.
Does not rely on volatility calculation.
Can be linked together to create an objective view of recent support levels.
Makes current trends more visible.
Excellent as a trailing stop algorithm.
Can be used with its sibling: Local Limit Upper
Initial Balance & extensions Custom session time and IB durationThe indicator will plot Initial Balance levels and extensions. The session start and end times are configurable depending on instrument, as well as the Initial Balance end time. The session times must be entered in the underlying instrument's timezone, for example:
ES-futures (Chicago Timezone)
Session Start: 0830
Initial Balance End: 0930
Session End: 1515
US-Stocks (New York Timezone)
Session Start: 0930
Initial Balance End: 1030
Session End: 1600
Europe Futures (Madrid Timezone)
Session Start: 0800
Initial balance End: 0900
Session End: 2200
Colors and linewidths are also customisable.
Better OBVOBV with William C. Garrett's Approximation
In the classical OBV (On-Balance Volume) indicator, it simply takes the idea from traditional tape reading - treat the "up tick" as Buy, "down tick" as Sell, and it assumes no change in price as neutral* (*which is not the case in tape reading).
When it comes to interpret the daily volume as such, errors will add up cumulatively. For example, there are days when a Doji Star with high volume just merely one cent higher than yesterday price and the whole day volume would be taken as a BUY Volume....
Here is a gentlemen, William C. Garrett, attempted to break down the daily volume into two parts in his book - "Torque Analysis of Stock Market Cycle".
Published indicator has two modes: Cumulative and Time Segmented. Time Segmented Volume (TSV) - performs a MACD operation on the Garrett Money Flow.
Note on Divergence:
When using a indicator as Time Segmented Money Flow, divergence would surely occur on and off. This is where Wyckoff 3rd principle comes into play - "Effort vs Result" that is not matching. Meaning that the cumulation of shares goes in one direction while the price goes another direction.
FIN NIFTY Adv/Dec1) FIN NIFTY Index Advance-Decline count
2) Each session, it reads the number of stock is +Ve or -Ve
3) Whichever the side +Ve or -Ve side moving stock is more than count will be plotted
4) at +/- 11 drawn a dotted line if Count is > = +/-11 FIN Nifty is moving in a strong army
Eg:-
in the current session, 11 Stock is moving in +Ve direction & 9 are in -Ve direction
11 count will be plotted in the chart
