Coppock Curve Strategy Description: The Coppock Indicator is a long-term price momentum oscillator which is used primarily to pinpoint major bottoms in the stock market. Crosses above the zero line indicate buying pressure, crosses below the center (zero) line indicate selling pressure. This script generates a long entry signal when the Coppock value crosses...
This script calculates the covariance and correlation coefficient between two markets using arrays. Lookback: How many bars to perform the calculation on. Source: Price source to calculate the correlation on. Reference Market: The reference market to compare to the current market. It's a simple indicator, but very useful for determining how correlated your...
I've created a simple oscillator which I think does a good job of easily showing you when price is worth watching or not. I think all too often you get stuck looking at something like an RSI and end up trading noise. From my observations and experiences, I've found that there are 2 major catalysts for price movement-- Price is either trending and reaches a...
The PPO is basically the MACD but in percentage terms. This is better for comparing momentum across different securities. This script is a standard PPO but with many options for customization. You can set the moving average type of the signal and the oscillator lines separately. You can also weight any moving average of the PPO by volume. Supported Types of MA: ...
I designed it as buy and sell when the cci 0 point cut, but you can optimize it by changing the buy sell points I used moving average to smooth out cci's movements
Polarized Fractal Efficiency Description: Technically, Polarized Fractal Efficiency (PFE) is a measure of market choppiness. It is an indicator derived from fractal geometry, the mathematics that describes chaotic systems. This technical indicator was developed by Hans Hannula to determine price efficiency over a user-defined period. This indicator fluctuates...
THV3 Trix helps you catch reversals. But remember, don't go against the trend. You can use an EMA 50 to detect the overall trend or any other trend indicator of your choice How to use: Go long when price is > 50 EMA and THV3 TRIX turns green Go short when price is < 50 EMA and THV3 TRIX turns red
This is MACD indicator on the price chart. You can read the same information as the original MACD but much more. You can use it the same way as MACD but it won't use any space below your chart. Also you can use signal line and cloud as trend confirmation: e.g. if above them it can be a stronger uptrend. The signal line (yellow by default) can be used as a...
Similarity Search, Karobein oscillator (KO) and Seasonal Random Index (SRI) Description: This indicator uses dynamic capabilities of Pinescript version 4 coupled with Seasonal Random Index (SRI) and Karobein Oscillator (KO). SRI (green/red areas) is employed to detect trends and KO (black curce) is used to find historical similarities to predict the next bar's...
MACD Buy/Sell Strategy Filters bearish crossovers above the 0 line and bullish crossovers below. Uses 34 ema to further filter the trades and take only longs above and only shorts below. Apply at least 2:1 risk to reward ratio to account for losing trades. Trade at own risk!
This Indicator is based on classic MACD but with an exceptional smoothing. This smoothing eliminates the noise of the classic MACD as you see in the Chart Adaptive MACD is compiled using with two adaptive moving averages, one adaptive to the dominant cycle and the other adaptive to twice the dominant cycle. As the basic behind the MACD is the difference of...
John F Ehlers' Fractal Dimension Description: Fractal Dimension is a measure of how complicated a self similar shape is. For instance, a line is smaller and more basic than a square. The lower the Fractal Dimension the closer a stock chart is to a straight line and therefore the stronger the trend. High readings on the other hand reveal a complex fractal; the...
I would like to first say I do not the indicator pieces. Would like to personally give thanks and credit to @MarkBench for coding this indicator and helping to get my vision for this system finally able to be published and used by anyone. I would also like the thank @lazy bear and @ChrisMoody for their bringing the Firefly oscillator and the SCHAFF TREND and the...
kNN-based Strategy (FX and Crypto) Description: This update to the popular kNN-based strategy features: improvements in the business logic, an adjustible k value for the kNN model, one more feature (MOM), a streamlined signal filter and some other minor fixes. Now this script works in all timeframes ! I intentionally decided to...
This indicator is showing difference between Ehlers Instantaneous Trend Line and Kalman 1-dimensional filter. It is useful to see overbought and oversold areas of the chart. I am using it on BTCUSD pair on 30, 45, 1H intervals. I hope you will find it as useful as I do.
This strategy uses Aroon indicator as the basis for signal generation.
This is a volume-based oscillator used for detecting market sentiment. This plots two moving averages of the CBOE S&P500 PCR (put call ratio), and a histogram to measure the distance between them. The histogram will generate signals of green (bullish) or red (bearish), depending on whether put volume is decreasing or increasing. The moving averages are...
Trend Magic is originally a MT platform (MetaTrader) indicator and it can be used with any forex trading systems / strategies for additional confirmation of trading entries or exits. Converted the MT platform code to TradingView Pine version 4. Also you can use Multiple Time Frame. It also works well with Crypto and Stock Markets. Trend Magic consists of two...