Trend Identifier StrategyTrend Identifier Strategy for 1D BTC.USD
The indicator smoothens a closely following moving average into a polynomial like plot and assumes 4 staged cycles based on the first and the second derivatives. This is an optimized strategy for long term buying and selling with a Sortino Ratio above 3. It is designed to be a more profitable alternative to HODLing. It can be combined with 'Accumulation/Distribution Bands & Signals' and 'Exponential Top and Bottom Finder'.
Chart
MTF Heikinashi BarOVERVIEW
This indicator shows whether Heikin Ashi is up or down, represented by a bar. This indicator is compatible with MTF.
CONCEPTS
What do you want to know about market analysis?
Do you want a hard analysis? You can look for it.
All I want to know is whether the commonly known technical analysis is 'UP' or 'DOWN'.
All I want to know is whether the current market price is going up or down. Not only for the current, but also for the monthly, weekly, and daily status.
I want to make a decision in a moment. Without even thinking about it.
That is why I created a color-coded bar indicator to show the status.
No need to frown anymore.
DETAILS
Heikin means average. Ashi means legs. In this case, it means a candle.
Close = (Close + Open + High + Low) / 4
For more information, click here.
tradingview.com
Heikin Ashi Up ⇒ green
Heikin Ashi Down ⇒ red
Candle Stick UpdateHeikin ashi chart so powerful that you can understand trend direction easily. But sometimes, this type of chart doesn't update properly and make no sense on real time. So I made this script. You can now change candle stick style default to heikin ashi (default / modified version) on the real time default chart without switching heikin ashi chart. Enjoy traders!!! And don't forget to press the like button :)
VisibleChart█ OVERVIEW
This library is a Pine programmer’s tool containing functions that return values calculated from the range of visible bars on the chart.
This is now possible in Pine Script™ thanks to the recently-released chart.left_visible_bar_time and chart.right_visible_bar_time built-ins, which return the opening time of the leftmost and rightmost bars on the chart. These values update as traders scroll or zoom their charts, which gives way to a class of indicators that can dynamically recalculate and draw visuals on visible bars only, as users scroll or zoom their charts. We hope this library's functions help you make the most of the world of possibilities these new built-ins provide for Pine scripts.
For an example of a script using this library, have a look at the Chart VWAP indicator.
█ CONCEPTS
Chart properties
The new chart.left_visible_bar_time and chart.right_visible_bar_time variables return the opening time of the leftmost and rightmost bars on the chart. They are only two of many new built-ins in the `chart.*` namespace. See this blog post for more information, or look them up by typing "chart." in the Pine Script™ Reference Manual .
Dynamic recalculation of scripts on visible bars
Any script using chart.left_visible_bar_time or chart.right_visible_bar_time acquires a unique property, which triggers its recalculation when traders scroll or zoom their charts in such a way that the range of visible bars on the chart changes. This library's functions use the two recent built-ins to derive various values from the range of visible bars.
Designing your scripts for dynamic recalculation
For the library's functions to work correctly, they must be called on every bar. For reliable results, assign their results to global variables and then use the variables locally where needed — not the raw function calls.
Some functions like `barIsVisible()` or `open()` will return a value starting on the leftmost visible bar. Others such as `high()` or `low()` will also return a value starting on the leftmost visible bar, but their correct value can only be known on the rightmost visible bar, after all visible bars have been analyzed by the script.
You can plot values as the script executes on visible bars, but efficient code will, when possible, create resource-intensive labels, lines or tables only once in the global scope using var , and then use the setter functions to modify their properties on the last bar only. The example code included in this library uses this method.
Keep in mind that when your script uses chart.left_visible_bar_time or chart.right_visible_bar_time , your script will recalculate on all bars each time the user scrolls or zooms their chart. To provide script users with the best experience you should strive to keep calculations to a minimum and use efficient code so that traders are not always waiting for your script to recalculate every time they scroll or zoom their chart.
Another aspect to consider is the fact that the rightmost visible bar will not always be the last bar in the dataset. When script users scroll back in time, a large portion of the time series the script calculates on may be situated after the rightmost visible bar. We can never assume the rightmost visible bar is also the last bar of the time series. Use `barIsVisible()` to restrict calculations to visible bars, but also consider that your script can continue to execute past them.
Look first. Then leap.
█ FUNCTIONS
The library contains the following functions:
barIsVisible()
Condition to determine if a given bar is within the users visible time range.
Returns: (bool) True if the the calling bar is between the `chart.left_visible_bar_time` and the `chart.right_visible_bar_time`.
high()
Determines the value of the highest `high` in visible bars.
Returns: (float) The maximum high value of visible chart bars.
highBarIndex()
Determines the `bar_index` of the highest `high` in visible bars.
Returns: (int) The `bar_index` of the `high()`.
highBarTime()
Determines the bar time of the highest `high` in visible bars.
Returns: (int) The `time` of the `high()`.
low()
Determines the value of the lowest `low` in visible bars.
Returns: (float) The minimum low value of visible chart bars.
lowBarIndex()
Determines the `bar_index` of the lowest `low` in visible bars.
Returns: (int) The `bar_index` of the `low()`.
lowBarTime()
Determines the bar time of the lowest `low` in visible bars.
Returns: (int) The `time` of the `low()`.
open()
Determines the value of the opening price in the visible chart time range.
Returns: (float) The `open` of the leftmost visible chart bar.
close()
Determines the value of the closing price in the visible chart time range.
Returns: (float) The `close` of the rightmost visible chart bar.
leftBarIndex()
Determines the `bar_index` of the leftmost visible chart bar.
Returns: (int) A `bar_index`.
rightBarIndex()
Determines the `bar_index` of the rightmost visible chart bar.
Returns: (int) A `bar_index`
bars()
Determines the number of visible chart bars.
Returns: (int) The number of bars.
volume()
Determines the sum of volume of all visible chart bars.
Returns: (float) The cumulative sum of volume.
ohlcv()
Determines the open, high, low, close, and volume sum of the visible bar time range.
Returns: ( ) A tuple of the OHLCV values for the visible chart bars. Example: open is chart left, high is the highest visible high, etc.
chartYPct(pct)
Determines a price level as a percentage of the visible bar price range, which depends on the chart's top/bottom margins in "Settings/Appearance".
Parameters:
pct : (series float) Percentage of the visible price range (50 is 50%). Negative values are allowed.
Returns: (float) A price level equal to the `pct` of the price range between the high and low of visible chart bars. Example: 50 is halfway between the visible high and low.
chartXTimePct(pct)
Determines a time as a percentage of the visible bar time range.
Parameters:
pct : (series float) Percentage of the visible time range (50 is 50%). Negative values are allowed.
Returns: (float) A time in UNIX format equal to the `pct` of the time range from the `chart.left_visible_bar_time` to the `chart.right_visible_bar_time`. Example: 50 is halfway from the leftmost visible bar to the rightmost.
chartXIndexPct(pct)
Determines a `bar_index` as a percentage of the visible bar time range.
Parameters:
pct : (series float) Percentage of the visible time range (50 is 50%). Negative values are allowed.
Returns: (float) A time in UNIX format equal to the `pct` of the time range from the `chart.left_visible_bar_time` to the `chart.right_visible_bar_time`. Example: 50 is halfway from the leftmost visible bar to the rightmost.
whenVisible(src, whenCond, length)
Creates an array containing the `length` last `src` values where `whenCond` is true for visible chart bars.
Parameters:
src : (series int/float) The source of the values to be included.
whenCond : (series bool) The condition determining which values are included. Optional. The default is `true`.
length : (simple int) The number of last values to return. Optional. The default is all values.
Returns: (float ) The array ID of the accumulated `src` values.
avg(src)
Gathers values of the source over visible chart bars and averages them.
Parameters:
src : (series int/float) The source of the values to be averaged. Optional. Default is `close`.
Returns: (float) A cumulative average of values for the visible time range.
median(src)
Calculates the median of a source over visible chart bars.
Parameters:
src : (series int/float) The source of the values. Optional. Default is `close`.
Returns: (float) The median of the `src` for the visible time range.
vVwap(src)
Calculates a volume-weighted average for visible chart bars.
Parameters:
src : (series int/float) Source used for the VWAP calculation. Optional. Default is `hlc3`.
Returns: (float) The VWAP for the visible time range.
VWAP/EMA50/EMA200We script this one for combining VWAP , EMA50 and EMA200. The tool is fantastic if traders know how VWAP , EMA work? Just adding this script in your favorite and work like charm:
VWAP: How to trade with that
- One of the simplest uses of the VWAP is gauging support and/or resistance.
- A trader who is long a stock can use the VWAP as a target exit if its trading below.
- A stock trading over intraday VWAP may be bullish , while a stock trading under may be bearish .
EMA 50/EMA200: How to trade with that timeframe 50-day or 200-day period
- Identify the trend of market in longterm
- Golden-cross (short term EMA cross above longterm EMA ) is call golden-cross signals. It is opportunity for buying.
- Deal-cross ( short term EMA cross below longterm EMA ) is call dead-cross signals. It is opportunity for selling.
- Identify support levels
- Identify resistance levels
Let me know if you see anything else that should be added/changed.
Trend IdentifierTrend Identifier for 1D BTC.USD
It smoothens a closely following moving average into a polynomial like plot.
And assumes 4 stage cycles based on the first and second derivatives.
Green: Bull / Exponential Rise
Yellow: Distribution
Red: Bear / Exponential Drop
Blue: Accumulation
Red --> Blue --> Green: indicates the start of a bull market
Green --> Yellow --> Red: indicates the start of a bear market
Green --> Yellow: Start of a distribution phase, take profits
Red --> Blue: Start of a accumulation phase, DCA
No Active BarThis is probably the only script on TradingView that's clinically proven to lower your blood pressure!***
This script in conjunction with some chart settings changes can completely hide the active candle, only showing historic candles, thus, reducing risk of cardiac arrest and or panic attack.
What to do:
0. Make sure you are using a candlestick chart or this script won't work properly
1. Right click the chart and select "Settings..."
2. Select "Symbol" under the "Chart Settings" menu
3. Disable every item EXCEPT for the "Body"
4. Click on the boxes next to "Body" to access the color picker then change both box's transparency settings down to 0
(the script only colors closed bars, so the active bar will be present just transparent)
5. Right click on the price scale on the far left or far right side of the screen and hover the mouse over "Labels". If any selections have a check mark next to them click them to disable them (especially the "Ask & Bid" price setting since it tracks current price)
That's it! Instead of wicks the High & Low prices are plotted above and below the candles using a step line. It looks a bit strange at first but you'll get used to it. Check out the indicator settings to change the color and style of the High & Low lines.
***The statement could prove true for some but is mostly complete bullshit
Symbol ViewerView another symbol!
Symbol Viewer allows you to display a ticker of your choice in an indicator box below your current chart.
You no longer need to split your layout to view 2 (or more) tickers at the same time!
The data from your symbol of choice is accurately displayed and updated live.
[_ParkF]RSI Divergence_overlayRSI Divergence_overlay
Does not include RSI indicator.
Up Signal = Displayed green dot below the candle
Down Signal = Dispalyed red dot above the candle
* Don't trade just at the signal
RSI 다이버전스
RSI 지표 미포함.
상승 신호 = 초록색 점으로 캔들 아래 표시.
하락 신호 = 빨간색 점으로 캔들 위에 표시.
* 신호만 보고 매매하지 마세요
Wave Chart v1##Wave Chart v1##
For analyzing Neo-wave theory
Plot the market's highs and lows in real-time order.
Then connect the highs and lows
with a diagonal line. Next, the last plot of one day (or bar) is connected with a straight line to the
first plot of the next day (or bar).
##How To Use##
if you want a weekly chart you drop the time frame to the daily chart.
Then you set the range to 7(if the market opens 7 days per week).
Then you click "highlight the bar that runs to plot" and you must shift the highlight to the last day that the weekly chart bar close(Sunday / Friday)
##Example 1
Weekly chart BTCUSDT on BINANCE
first open daily chart, set range = 7 and Bars_shift = 3 (shift highlight to Sunday)
##Example 2
Weekly chart XAUUSD on FXOPEN
first open daily chart, set range = 5 (market open 5 days per week) and Bars_shift = 1 (shift highlight to Friday)
##Note##
If the market has a special holiday Wave Chart may be inaccurate.
Chart Map[netguard] V1.0Chart map is a indicator that shows best levels of price.
on this indicator we divided ATH and ATL of chart to 16/32 levels that each one of them can control price and candles.
furthermore you can use weekly or daily map in this indicator.in weekly map we divide High to Low of last week candle to 8 levels that these levels can control candles too.
In general, these levels act as strong support and resistance.
you can trade on these levels with candle patterns.
HersG High Low Bar Charts Layout
Hello friends,
The following indicator will create a new form of chart layout in High & Low as candle-like full bars instead of Open and Close. There are no wicks, only full bars highlighting High and Low of the select time frame. Two dots inside a bar will represent Open (Red dot) and Close (Green dot).
How can it help you as a trader?
High and Low candle-like bars will clear the noise from charts in identifying support & resistance, higher-highs and lower-lows will be clearly visible thus helping you make trades.
First add the indicator and then hover the mouse pointer over the ticker in the charts and click on the “eye-shaped” symbol to hide the candlesticks chart pattern.
The type of chart layout is standard charts. Data are not re-calculated or manipulated.
Regards!
Heikin Ashi Bar OverlayThis script shows Heikin Ashi bars on your chart with specified vertical offset
Secondary Chart with OverSized CandlesHi everyone, I'm sharing a simple script I made for a friend. He was looking for a way to add another asset to his chart, and monitor relevant movements \ spot eventual correlation, especially when trading Cryptocurrencies.
We couldn't find a similar script already available so here it is - the code is commented and I hope it's clear enough :)
Notes:
- The parameter scale = scale.left keeps the scales separated and therefore the chart is more organized, otherwise the chart would appear flat if the price difference is too big (e.g. BTC vs XRP)
- It is possible to have the script running in a separate panel (instead of overlay) by moving it to a new pane (when added to the chart) or by removing the parameter overlay = true at the beginning of the code.
- In case you wish to add indicators to this sub-chart (e.g. Bollinger Bands, EMA, etc..) you can do that by adding the relevant code and feed it with the variables OPEN \ HIGH \ LOW \ CLOSE as well as using the same method to retrieve new variables from the target asset with the request.security function.
Hope this comes handy.
Val - Protervus
PSv5 Color Magic and Chart Theme SimulatorKEEP YOUR COINS FOLKS! I DON'T NEED THEM, DON'T WANT THEM. Many other talented authors on TV deserve them.
INTRODUCTION:
This is my "PSv5 Color Magic and Chart Theme Simulator" displayed using Pine Script version 5.0. The purpose of this PSv5 colorcator is to show vivid colors that are most suitable in my opinion for modifying or developing Pine scripts. Whether you are new to Pine or an experienced Pine poet, this should aid you in developing indicators with stunning color from the provided color list that is easily copied and pasted into any novel script you should possess. Whichever colors you choose, and how, is up to your imagination's capacity.
COMMENTARY:
I have a thesis. Pine essentially is a gigantor calculator with a lot of programmable bells and whistles to perform intense analytics. Zillions of numbers per day are blended up into another cornucopia of numbers to analyze. The thing is, ALL of those numbers are moot unless we can informatively portray them in various colorized forms with unique methods to point out significant numeric events. By graphically displaying them with specific modes of operation, only then do these numbers truly make any sense to us and become quantitatively beneficial.
I have to admit... I hate numbers. I never really liked them, even before I knew what an ema() was. Some days I almost can't stand them, and on occasion I feel they deserve to be flushed down the toilet at times. However, I'm a stickler for a proper gauge of measurements. Numbers are a mental burden, but they do have "purpose and meaning". That's where COLOR comes in! By applying color in specific ways in varying dynamic forms, we can generate smarter visual aids from these numerics. Numbers can be "transformed" into something colorful it wasn't before, into a tool, like a hammer. But we don't need a hammer, we need an impressive jack hammer for BIG problem solving that we could never achieve in the not to distant past.
As time goes on, we analytically measure more, and more, and more each year. It's necessary to our continual evolution. That's one significant difference between us and cave men, and the pertinent reason why we are quickly evolving as a species, while animals haven't. Humankind is gifted to enumerate very well AND blessed to see in color. We use it for innumerable things in the technological present for purpose and pleasure. Day in and day out, we take color for granted, because it's every where we can look. The fact is, color is the most important apparatus in humankind's existence EVER. We wouldn't have survived this far without it.
By utilizing color to it's grand potential, greater advancements can be attained while simultaneously being enjoyed visually. Once color is transformed from it's numeric origins into applicable tools, we can enjoy the style, elegance, and QUALITATIVE nature of the indication that can be forged. Quantities can't reveal all. Color on the other hand has a handy "quality" factor to it, often revealing things we can't ordinarily recognize. When high quality tools provide us with obtained goals, that's when we will realize how magical color truly is, always has been, and shall always be.
The future emerging economies and future financial vessels of people around the globe are going to be dependent on the secured construction of intelligent applications with a rock solid color foundation, not just math alone. I have no doubt about that. I can envision that with my eyes closed. To make an informed choice, it should be charted or graphed somehow prior to a final executive decision to trade. Going back to abysmal black and white with double decimal points placed next to cartoons within extinction doomed newspapers is not a viable option any more.
OBSERVATIONS AND UTILITY:
One thing you will notice is the code is very dense. Looks almost hideous right? Well, the variable naming is lengthy, but it's purpose is to be self explanatory, even for those who don't know how to program, YET. I'm simply not a notation enthusiast. My main intention was to provide clearly identifiable variables from their origin of assignment to their intended destination of use, clearly visible for anyone visiting. The empowerment of well versed words that are easier to understand, is a close rival to the prominent influence color has.
Secondly, I'm displaying hline() and label.new() as prime candidates to exemplify by demonstration how the "Power of Color" can be embraced with the "Power of Pine". Color in Pine has been extensively upgraded to serve novel purposes to accomplish next generation indicators that do and WILL come to exist. New functions included with PSv5 are color.rgb(), color.from_gradient(), color.r(), color.g(), color.b(), and color.t() to accompany color.new() in our mutual TV adventures. Keep in mind, the extreme agility of color also extends to line.new(), the "entirely new" linefill.new(), table.new(), bgcolor() and every other function that may utilize color.
There's a wide range of adjustability in Settings to make selections to see how they perform on different backgrounds, with their size and form. As you curiously toy with those, you're going to notice how some jump out like laser beams while others don't. Things that aren't visually appealing, still have very viable purposes, even if they don't stand out in the crowd. Often, that's preferable. The important thing is that when pertinent information relative to indication is crucial, you can program it with distinction from an assortment of a potential 1.67 million colors that can be created in Pine. "These" are my chosen favorite few, and I hope you adopt them.
PURPOSES:
For those of you who are new to Pine Script, this also may help you understand color hex/rgb and how it is utilized in Pine in a most effective manner. The most skilled of programmers can garner perks as well. There is countless examples of code diversity present here that are applicable in other scripts with adequate mutation. Any member has the freedom use any of this code in this script any way they see fit. It's specifically intended for all. There is absolutely no need for accreditation for any of this code reuse ever, in the present case. Don't worry about, I'm not.
The color_tostring() will be most valuable in troubleshooting color when using color.rgb() and becoming adept with it. I'm not going to be able to use color.rgb() without it. Chameleon indicators of the polychromatic variety are most likely going to be fine tuned with color_tostring() divulging it's results to label.new() or even table.new() maybe. One the best virtues of this script in chart, is when you hover over the generated labels, there's a hidden gift for those who truly wish to learn the intricate mechanics of diverse color in Pine. Settings has informative tooltips too.
AFTERTHOUGHTS:
Colors are most vibrant on the "Black Chart" which is the default, but it doesn't currently exist as a chart theme. With the extreme luminous intensity of LCDs in millicandela( mcd ), you may notice "Light" charts may saturate the colors making charts challenging to analyze. Because of this, I personally use "Dark Charts" and design my indicators specifically for these. I hope this provides inspiration for the future developers who are contemplating the creation of next generation indicators and how color may enhance their usefulness.
When available time provides itself, I will consider your inquiries, thoughts, and concepts presented below in the comments section, should you have any questions or comments regarding this indicator. When my indicators achieve more prevalent use by TV members , I may implement more ideas when they present themselves as worthy additions. Have a profitable future everyone!
Circular Candlestick ChartAn original (but impractical) way to represent a candlestick chart using circles arc.
The most recent candles are further away from the circle origin. Note that OHLC values follow a clockwise direction. A higher arc length would indicate candles with a higher body or wick range.
The Length settings determine the number of past candles to be included in the circular candlestick chart. The Width setting control the width of the circular chart. The Spacing setting controls the space between each arcs. Finally, the Precision settings allow obtaining a more precise representation of candles, with lower values returning more precise results, however, more precision requires a higher amount of lines. Settings are quite hard to adjust, using a higher length might require a lower spacing value.
Additionally, the script includes two pointers indicating the location of the 75 (in blue) and 25 (in orange) percentiles. This allows obtaining an estimate of the current market sentiment, with the most recent arcs laying closer to the 75 percentile pointer indicating an up-trend.
This new way to represent candlesticks might be useful to more easily identify candles clusters or to find new price patterns. Who knows, we know that new ways to see prices always stimulate traders imagination.
See you next year.
Plot Real Open and Close - SamXI built this indicator as a personal request from a friend. He often trades using Heiken Ashi charts, but wanted a way to easily cross-reference real-price open and close values for the same timeframe on the same chart (as HA candles are by design lagging, they can take a few periods to catch up to a large move). This can also be used to help guide support and resistance zones using real-price data points should you so choose.
There are 2 major ways to configure this indicator to display real-price open and close:
As a Bar or Hollow Candle style chart overlay
As on-chart shapes (allowing individual control over which data to show - open, close, or both)
Bank Levels - Psychological Levels - Bitcoin, Indices, ForexThis got removed so I'm publishing it again.
What it is:
- This script draws in levels refereed to as bank levels. They are basically psychological/even numbers(40000, 45000, 150, 1850..)
Why doesn't it work on some charts?
- Each pair has a different tick value. You will have to edit the code to make it work on certain pairs. It's pretty simple, take a look.
MTF WatchList Charts [Anan]█ OVERVIEW
I am happy to present this script with a nice idea!
You can now customize a watchlist with your preferred time frame and any symbol from any market.
The main purpose is to be aware of any moves and watch a brief overview of the chart.
█ FEATURES
- 8 customizable symbols with the option to show/hide anyone
- Multi time frame support
- 3 Types of charts (Candles / Heikin Ashi / Line)
- Displaying up to 10 candles for every chart
- Customizable chart colors
- Option to Show/hide Price
- Option to Show/hide Price Line
- Option to change Labels and Text Size
- Show Symbol name and used time frame
- Option to change gaps between charts
- Hover over on the top of any candle to see (Open/High/Low/Close) Prices
█ SCREENSHOTS
-----------------------------------------------
Special thanks to @dgtrd for inspiration and for the amazing framework used here ( HTF Candles by DGT )
Special thanks to Pine Chat @fareidzulkifli @Bjorgum @JohnBaron @fpainchaud
Normalized Oscillators Spider Chart [LuxAlgo]This indicator displays a spider chart overlaid on the user’s current chart allowing the visualization of information given by various normalized oscillators. It is possible to customize the spider chart by hiding certain oscillators from within the settings which removes their corresponding spokes from the chart.
Users can control the length settings of each oscillator individually or use a global length setting that applies to every oscillator. An additional meter element is displayed and aims to give the overall sentiment returned by the oscillators. This can also be used to gauge whether the market is trending or ranging.
This is a relatively simple application of a spider chart but can prove to be useful to some users.
1. Settings
RSI: Displays the Relative Strength Index spoke on the spider chart, includes the length setting on the right of the toggle.
%K: Displays the Stochastic Oscillator "%K" spoke on the spider chart, includes the length setting on the right of the toggle.
COR: Displays the Correlation Oscillator spoke on the spider chart, includes the length setting on the right of the toggle.
MFI: Displays the Money Flow Index oscillator spoke on the spider chart, includes the length setting on the right of the toggle.
WPR: Displays the Williams Percent Rank oscillator spoke on the spider chart, includes the length setting on the right of the toggle.
%UP: Displays the percentage of upward variations spoke on the spider chart, includes the length setting on the right of the toggle.
CMO: Displays the Chande Momentum Oscillator spoke on the spider chart, includes the length setting on the right of the toggle.
AOS: Displays the Aroon oscillator spoke on the spider chart, includes the length setting on the right of the toggle.
Global Oscillators Length: Determines whether all oscillators should use the same length settings, determined by the setting on the right of the toggle.
1.1 Style Settings
Spider Chart Length: Determines the horizontal width of the spider chart.
Spider Chart Offset: Offset between the most recent bar and the left extremity of the spider chart.
2. Usage
A spider chart can be a very useful visualization tool when it comes to seeing the individual characteristics of various variables at the same time.
Here, the tool can give a general sentiment on the direction of the trend without adding each indicator to your chart. It is also possible to determine when an oscillator is considered overbought or oversold with this indicator.
The dashed line represents the central value for each oscillator.
Disabling any of the oscillators from the settings will return a spider chart using fewer spokes.
The script also displays a meter that can be used to determine the overall sentiment given by all oscillators. This metric is based on the average value between each oscillator. An overall sentiment closer to 50 would indicate a ranging market.
Chart Champions CC Pocket 0.65 -0.666 Fib levels or commonly know as the CC pocket
Marks Strong Support/Ressitance, Use with conflunce.
Lookback Length is adjustable
Let me know any suggestions or ideas which could help improve
Moving Average Slope AnalysisThis is a simple script which allows to do slope analysis on any kind of Moving Average. Simply change the moving average function that you wish to work with , in the script.
Slope analysis may be required for fine-tuning trade automation software , which uses Moving Average for determining optimum enter/exit point.
Read code comments for instructions!