support and resistance on multi timeframe [parsimaj] Description:
support and resistance and trendline on two timeframes by your choice
This indicator is capable of showing you the current and higher timeframe support and resistance by your strategy choice (two timeframes alongside each other). It also helps you to monitor the trend direction in short and long term by trend lines . You can change the depth of every levels and trend lines from the panel. Use this indicator in all markets because it follows the basic principles of levels but is unique in changing second timeframe by your choice.
_its smart , if the levels are too close together ,it will choose the deeper ones for you.
How it works:
By default, there is no higher timeframe and you can select your desire higher timeframe from the panel. Higher timelines will be displayed thicker and your current levels would be thin lines. (Levels that are higher than the current price will be red and those that are lower will be green). The number of levels to display is also by your choice, the default is 4 levels for each timeframe.
We have two types of trend lines , long terms as trend 1 (blue below and purple above trend line )- short term as trend 2(dashed ones).
Bouncing on levels and breaking trend line are the best triggers for entry and exit points.
Setting:
First, choose your higher timeframe then the depth of levels for each time (current and higher), The deeper it is, the more precise the lines. After that you can set the depth of trend lines by your choice. Trend 1 is the longer term So put it deeper and then set the short trend line (dashed ones) if you want to change it.
We have put the settings in the best mode, but you can also change it according to your strategy and inform us about the results.
This indicator has been obtained with hours of effort and codding , hope you enjoy
Timeframe
Period OpenA very simple indicator that displays the Open of the specified Timeframe
How to use this indicator?
1. Directional Bias
Bullish => Closing Price > Period Open
Bearish => Closing Price < Period Open
2. Support / Resistance
Each Period Open can be used as Support or Resistance
3. Take Profit Targets
Each Period Open can be used as targets for taking profit
Expected Move Plotter [CHE]Expected Move Plotter
"There is magic in everything new."
Introduction:
This script is an indicator for financial trading that plots the expected movement of a security based on the average range over the last five periods. The script is written in Pine Script, a high-level programming language used for creating technical indicators, strategies, and other trading tools for the TradingView platform.
Inputs:
Percentage of Open and Close: This input specifies the percentage of the open and close price to use for the expected movement.
Time Periods: The script takes the different time periods into account and translates them to either 60 seconds, 240 seconds, 1 day, 3 days, 7 days, 1 month, 3 months or 12 months.
Calculation:
The script uses the "Open" and "High"/"Low" values of the last 5 periods to calculate the average range and plots the expected movement above and below the current open price. The plot is either green or red depending on whether the expected move is above or below the current close.
Code Breakdown:
The script starts by defining three integer constants: MS_IN_MIN, MS_IN_HOUR, and MS_IN_DAY, which represent the number of milliseconds in a minute, hour, and day, respectively.
The function timeStep_translate() returns a string that represents the timeframe for a chart based on the current timeframe. The function first converts the chart's timeframe to milliseconds and then uses a switch statement to determine the string value to be returned based on the number of milliseconds in the timeframe.
The script then retrieves the data for the open, high, and low values for the last five periods. The high and low values are used to calculate the average range, which is then used to plot the expected movement above and below the current open price.
Conclusion:
This script provides traders with a visual representation of the expected movement of a security based on the average range over the last five periods. It takes different time periods into account and provides a clear indication of whether the expected move is above or below the current close. The script is easy to use and provides a useful tool for traders looking to make informed trading decisions.
Best regards Chervolino
Stochastic Oversold / Overbought Multi Time Frame on CandleAt the suggestion of a friend, I prepared this educational indicator to show how to use a Multi time frames on the chart based on the color of The Candle.
This Script calculates the stochastic oscillator for multiple timeframes and displays the overbought/oversold signals on the chart with color coding.
The stochastic oscillator is a momentum indicator that compares a security's closing price to its high-low range over a set number of periods. The indicator oscillates between 0 and 100, with readings above 80 considered overbought and readings below 20 considered oversold.
The indicator has the following input parameters:
%K Length: the number of periods used to calculate the stochastic oscillator (default is 14).
%K Smoothing: the number of periods used to smooth the stochastic oscillator (default is 1).
Three timeframes: The timeframes for which the stochastic oscillator is calculated can be set as 15-minute, 1-hour, or 4-hour intervals. For each timeframe, the user can choose to display the indicator (or not) and set the color of the candle. The user can also set the overbought and oversold levels (default is 80 and 20, respectively).
The indicator calculates the stochastic oscillator using the ta.stoch function from the built-in ta library in PineScript. It then uses the ta.sma function to smooth the stochastic oscillator if specified. Finally, the indicator uses the TimeframFuction to calculate the stochastic oscillator for different timeframes, which is then displayed on the chart using the barcolor function. The color of the candle is set based on whether the stochastic oscillator is overbought or oversold, as determined by the overbought/oversold levels specified by the user.
Note: This code is example for you to use multi timeframe in your indicator or Strategy , also prevent Repainting Calculation
Multi Timeframe Stochastic RSI ScreenerThis script is also a Stochastic RSI Screener, but it allows users to choose one specific symbol and three timeframes of that symbol to monitor at once.
3 Zigzag for MTF Fib Alert [MsF]Japanese below / 日本語説明は英文の後にあります。
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This indicator that automatically displays Fibonacci from each High & Low based on 3 Zigzags. It's useful for multi-timeframe analysis.
For example, Fibonacci calculated from the high and low prices (Zigzag 3 Period=100) of the upper timeframe can be displayed on the lower timeframe.
Also, you can set alerts for each Fibonacci point. It is useful when you are waiting for the price to return to the discount (50% or less) or the premium (50% or more) of the upper timeframe.
"Fib 1 - Crossing 0.00" … Trigger an alert when crossing the 0% line in Fibonacci of Zigzag1
"Fib 1 - Crossing 100.0" … Trigger an alert when crossing the 100% line in Fibonacci of Zigzag1
"Fib 1 - Crossing 23.6" … Trigger an alert when crossing the 23.6% line in Fibonacci of Zigzag1
"Fib 1 - Crossing 38.2" … Trigger an alert when crossing the 38.2% line in Fibonacci of Zigzag1
"Fib 1 - Crossing 50.0" … Trigger an alert when crossing the 50.0% line in Fibonacci of Zigzag1
"Fib 1 - Crossing 61.8" … Trigger an alert when crossing the 61.8% line in Fibonacci of Zigzag1
"Fib 1 - Crossing 76.4" … Trigger an alert when crossing the 76.4% line in Fibonacci of Zigzag1
*Same as Zigzag 1 and Zigzag 2 too.
"Choose Zig Zag Leg for fib" parameter means...
Latest : Calculate Fibonacci based on "the most recent Zigzag line".
Previous : Calculate Fibonacci based on "the previous Zigzag line".
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3つのZigzagを元に各High&Lowからフィボナッチを自動で表示するインジケーターです。
Zigzagの期間を工夫することで、マルチタイムフレーム分析に役立ちます。
例えば、以下の設定とした場合:
Zigzag 1 Period … 8
Zigzag 2 Period … 25
Zigzag 3 Period … 100
上位時間足Zigzag(Period=100)の高値安値から形成されるフィボナッチを下位時間足に表示することができるのです。
また、このインジケーターではフィボナッチのポイント毎にアラートの設定が可能です。
上位時間足の割安価格(50%以下)や割高価格(50%以上)に価格が戻ってくるのを待っている時などに力を発揮してくれます。
"Fib 1 - Crossing 0.00" … Zigzag1のフィボナッチにおいて、0%ラインとクロスした場合にアラートを発報します
"Fib 1 - Crossing 100.0" … Zigzag1のフィボナッチにおいて、100%ラインとクロスした場合にアラートを発報します
"Fib 1 - Crossing 23.6" … Zigzag1のフィボナッチにおいて、23.6%ラインとクロスした場合にアラートを発報します
"Fib 1 - Crossing 38.2" … Zigzag1のフィボナッチにおいて、38.2%ラインとクロスした場合にアラートを発報します
"Fib 1 - Crossing 50.0" … Zigzag1のフィボナッチにおいて、50.0%ラインとクロスした場合にアラートを発報します
"Fib 1 - Crossing 61.8" … Zigzag1のフィボナッチにおいて、61.8%ラインとクロスした場合にアラートを発報します
"Fib 1 - Crossing 76.4" … Zigzag1のフィボナッチにおいて、76.4%ラインとクロスした場合にアラートを発報します
※Zigzag1およびZigzag2のフィボナッチも同様
"Choose Zig Zag Leg for fib"パラメータについて:
Latest … 一番新しいZigzagのライン(UpまたはDown)を元にフィボナッチを計算します。
Previous … ひとつ前のZigzagのライン(UpまたはDown)を元にフィボナッチを計算します。
Multi TF High/Low/Open/Close LineNOTE: I'm not sure why the screengrab isn't showing the lines. They are there, and when I share the chart from this link they are there.... idk
This is a requested spin-off version of my previous HLOC for the Daily/Weekly/Monthly that allows users to choose 3 different timeframe units (Mins, Hours, Days, etc...) from the dropdown menu and then select the lookback period in which to draw the HLOC.
I've had quite a few requests to allow users to see multiple lookbacks for the same timeframe unit, mostly weekly, and I did not wish to change that particular script for that purpose. However, I was able to take the existing script and alter it for user input.
This indicator draws a line on the TF 1, TF 2, and TF 3 bar at the High, Low, Open and Close of user input Timeframe unit and selected lookback period.
The lookback period will go back the number of candles entered. So for example if you choose a 5 Min chart with a lookback of 3, the lines will be drawn on the HLOC 3 closed 5 min candles back. Selecting 0 will show data on the current Real-Time candle.
An example of a request I have gotten was for last week, the previous week and the previous month. The settings for that would be: TF 1 - 1 week Lookback 1, TF 2 - 1 week Lookback 2, TF 3 - 1 month Lookback 1.
Each set of lines has an optional identifying label with its own color set that can be shown with or without price value, and has drop down menus for size and style of each set of labels. The TF unit value is displayed on the label, but not the lookback.
So if you are using the hourly on all 3 TF's with different lookback periods, they will all say "60" on the label.
I recommend using the line and label options to distinguish between the different lookback values.
Each set of lines has inputs for line/text color, line width and style and each line argument can be selected independently.
In the chart example I have displayed only the High and Low on three 1 hour TF's with the lookback of 4, 5 and 6 candles with the labels descending in size. With this data I can see that over the last 6 hours the price of ES is in an descending pattern and I should be on alert for a break.
Since I trade ES in RTH on a much lower timeframe, this data can alert me to a bigger picture potential trend change or continuation. I would personally use this with pivot data for timing and look for entries in areas of high volume that moved price to a new
high or low that have not been retested.
I will be looking to add a user input offset for labels in the future. I have had bad luck with it in the past working for a couple weeks and then throwing an error, but I will look into it again soon.
I also recommend going into Chart Settings/Status Line and turning off indicator arguments OR moving the script to the top of the indicator list to avoid obstructed chart view with this indicators arguments. When script allows, I will update it to hide them.
Odd_Custom Candle Calendar DayEver wonder how candles would look on a chart if they were tracked by calendar day instead of market days?
Option(s)-
📅Custom start date for candle formation
✖️Candle multiplier
🌈Up / Down Colors
Features-
📋Displays candle data with invisible plots
Use Move to Existing Pane to Overlay on chart.
Can only display a max of 500 candles!
Flying Dragon Trend IndicatorFlying Dragon Trend Indicator can be used to indicate the trend on all timeframes by finetuning the input settings.
The Flying Dragon Trend family includes both the strategy and the indicator, where the strategy supports of selecting the optimal set of inputs for the indicator in each scenario. Highly recommended to get familiar with the strategy first to get the best out of the indicator.
Flying Dragon Trend plots the trend bands into the ribbon, where the colours indicate the trend of each band. The plotting of the bands can be turned off in the input settings. Based on the user selectable Risk Level the trend pivot indicator is shown for the possible trend pivot when the price crosses the certain moving average line, or at the Lowest risk level all the bands have the same colour. The trend pivot indicator is not shown on the Lowest risk level, but the colour of the trend bands is the indicator instead .
The main idea is to combine two different moving averages to cross each other at the possible trend pivot point, but trying to avoid any short term bounces to affect the trend indication. The ingenuity resides in the combination of selected moving average types, lengths and especially the offsets. The trend bands give visual hint for the user while observing the price interaction with the bands, one could say that when "the Dragon swallows the candles the jaws wide open", then there is high possibility for the pivot. The leading moving average should be fast while the lagging moving average should be, well, lagging behind the leading one. There is Offset selections for each moving average, three for leading one and one for the lagging one, those are where the magic happens. After user has selected preferred moving average types and lengths, by tuning each offset the optimal sweet spot for each timeframe and equity will be found. The default values are good enough starting points for longer (4h and up) timeframes, but shorter timeframes (minutes to hours) require different combination of settings, some hints are provided in tooltips. Basically the slower the "leading" moving average (like HMA75 or HMA115) and quicker the "lagging" moving average (like SMA12 or SMA5) become, the better performance at the Lowest risk level on minute scales. This "reversed" approach at the minute scales is shown also as reversed colour for the "lagging" moving average trend band, which seems to make it work surprisingly well.
The Flying Dragon Trend does not necessarily work well on zig zag and range bounce scenarios without additional finetuning of the input settings to fit the current condition.
Consecutive Candles lite | Multi Timeframe
Choose to display numbers from 6, 7, 8 or only 9, showing a colored dot until the last number is reached to reduce the clutter
Support and resistance
Customizable labels, several styles are available
Identifies turning point in the trending price of an asset or an index.
Consecutive Candles | Multi Timeframe
Display all numbers or choose from 6, 7, 8 and 9 to reduce the clutter
Support and resistance
Customizable labels, several styles are available
Identifies turning point in the trending price of an asset or an index.
Multi IND Dashboard [Skiploss]Multi IND Dashboard is dashboard combine with price change, RSI, ATR, Alligator and Supertrend. With a maximum of 10 timeframes, I think it's going to make your life easier. In looking at the momentum of each chart.
How it work??
Change :
It is the distance from the close price of previous candlestick and shows the movement value of the candlestick in that timeframe.
RSI :
Default setting are 14 and source close
Value >= 75 : Fill text color maximum overbought
Value >= 65 : Fill text color medium overbought
Value >= 55 : Fill text color minimum overbought
Value >= 45 : Fill text color minimum overbought
Value >= 35 : Fill text color medium overbought
Value >= 25 : Fill text color maximum overbought
ATR :
Default setting are 14 length and RMA smoothing, It like the average swing of the candlesticks.
Alligator :
Default setting are 13, 8 and 5
Bullish status is value lips > teeth and teeth > jaw
Bearish status is value lips < teeth and teeth < jaw
Neutral status status is value lips > teeth and teeth < jaw or lips < teeth and teeth > jaw
Supertrend :
Default setting are 8 and 3.0
Bullish status is uptrend
Bearish status is downtrend
Multi-Timeframe MA Based Zigzag[liwei666]🎲 Overview
🎯 This Zigzag indicator build based on different MA such as EMA/HMA/RMA/SMA, support multi-timeframe setting .
you can get customer zigzag indicator by change short/long ma length and high-timeframe config(5m/15m/30m/1h/2h) in any symbol.
🎲 Indicator design logic
🎯 entired logic is simple and code looks complex, I‘ll explain core logic here, code already equipped with detailed comments.
1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under, not use func ta.pivothigh()/ta.pivotlow()
2. when EMA crossover/under plot a char as signal like ●/❄/▲, crossover get blue char crossunder get red char
3. latest zigzag line is not drawn until EMA is turned (crossover/under), but signal is realtime
4. you can see diff zigzag structure when you open high-timeframe config, then find regular pattern benefit your trading.
🎲 Settings
🎯 there are 3 group properties in script, just focus on 5 properties in 'GRP1' ,
'GRP2' and 'GRP3' are display config.
'GRP1':
MA_Type: MA type you can choose(EMA/RMA/SMA/HMA/WMA), default is EMA
short_ma_len: short MA length of your current timeframe on chart
long_ma_len: long MA length of your current timeframe on chart
htf_ma_len: MA length of high timeframe, MA type same as 'MA_Type' config
htf_ma_tf: high timeframe ma length, 15/30/60/120 minute
'GRP2':
• show_short_zz • show_long_zz • show_htf_zz:
'GRP3':
• show_short_ma_line • show_short_ma_signal
• show_long_ma_line • show_long_ma_signal
• show_htf_ma_line • show_htf_ma_signal
🎲 Usage
🎯 As we know, MA based signal usually worked fine in trend market , low volatility is unprofitable.
🎯 One of pattern as the chart show below.
1. success example : after a blue ▲ signal, entry long when blue ● signal appear, marked with green box.
2. failed example: after a blue ▲ signal, a red ▼ signal appear, marked with white box.
🎯 BoS(Break of Structure) based on ma zigzag is a good idea I'm implementing, it will be published in next script.
Additionally, I plan to publish 20 profitable strategies in 2023; this indicatior not one of them,
let‘s witness it together!
Hope this indicator will be useful for you :)
enjoy! 🚀🚀🚀
Stoch RSI 15 min - multi time frame tableABOUT THIS INDICATOR
This indicator calculates the Stochastic RSI for the time frames 15 min, 30 min, 1h, 4h, and 12h. However, the 15 min time frame should always be the default time frame for your chart.
IMPORTANT
* NOTE! It's extremely important that the chosen time frame for your chart is 15 min. Otherwise the Stochastic RSI for the longer time frames won’t be correctly calculated.
* Stochastic RSI will be calculated and displayed in a table for the time frames: 15 min, 30 min, 1h, 4h, 12h.
* All time frames are based on closed bars except the "15minR" that are realtime updated values calculated on a 15 min time frame.
ABOUT STOCHASTIC RSI
The Stochastic RSI (StochRSI) is a momentum indicator that ranges between 0 and 100. A Stochastic RSI value above 80 is considered overbought and below 20 is considered oversold.
By using different time frames you can get a better idea of what direction the trade could take in a "longer" perspective.
SETTINGS
1.) Length RSI = 14 (default period)
2.) Smoothing parameter of Stochastic RSI (Length Moving Average = 3) . Moving average of stochastic RSI
* By default the displayed Stochastic RSI values are smoothed values of the actual Stochastic RSI. The smoothnes is formed by a calculated moving average of with the length of 3 by default.
If you want Stochastic RSI with a sharper signal (higher risk for "false alarms" being more sensitive) change the Length Moving Average to = 1 (no smoothness at all)
You can see the selected "Length RSI" and "Length Moving Average" on top of the Stochastic RSI table.
Next version of this script will be updated with more a more flexible solution for different time frames.
* NOTE, Tradingview comes with a inbuilt Stochastic RSI. See the the chart below. The blue line in the Stochastic-RSI chart represents (K value = 3) the same value as the script calculate/display in the table.
Heikenashi higher timeframe indicatorThis indicator gives you the ability to display a heiken ashi candle on top of your regular chart. The period of the candle can be changed. The example above shows the 1W heiken ashi candle on top of the 4h candle.
MTF Commodity Oddity Index (CCI+)MTF Commodity Oddity Index (CCI+)
This chart overlay indicator is based upon the Commodity Channel Index (CCI) and can signal multiple triple-timeframe CCI overbought and oversold confluences directly onto your chart, intended for use as a confluence either for reversal trade entries, or potential trade exits, indicating where price may be probable to reverse.
Features include:
- Primary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default.
- Secondary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default.
- Optional drawing of background colours and/or ribbon seen at bottom of the chart image.
- The default primary MTF #1 timeframes are set to 1 minute, 5 minute and 15 minute. These are highly suitable for low timeframe scalpers trading on < 5m charts, and can often pin point price reversals.
- The default Secondary MTF #2 timeframes are set to 15 minute, 30 minute and 120 minute. These are suitable for both low timeframe scalpers and considerably higher timeframe traders.
- Independent alerts for MTF #1 and MTF #2 triple-timeframe confluences, including options for alerting MTF overbought and MTF oversold individually, as well as an option for alerting either overbought or oversold in a single combined alert.
- Also includes standard configurable CCI options, including CC length and source type.
Note: The features listed above are accurate at the time of publishing but maybe updated or added to in future.
A similar MTF CCI indicator is also available as a panel indicator here .
This indicator is based upon the original MTF Fantastic Stochastic (FS+) available here .
What is the Commodity Channel Index (CCI)?
Investopedia has described the popular oscillator as follows:
“The Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold.
Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a trade, or add to an existing position. In this way, the indicator can be used to provide trade signals when it acts in a certain way.”
You can read more about the CCI , its use cases and calculations here .
How do traders use overbought and oversold levels in their trading?
The oversold level, that is traditionally when the CCI is above the 100 level is typically interpreted as being 'overbought', and below the -100 level is typically considered 'oversold'. Traders will often use the CCI at an overbought level as a confluence for entry into a short position, and the CCI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the CCI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the CCI . While traditionally, the overbought and oversold levels are below -100 for oversold, and above 100 for overbought, the default threshold settings of this indicator have been increased to provide fewer, stronger signals, especially suited to the low timeframes and highly volatile assets.
MTF CCI + Realtime DivergencesMulti-timeframe Commodity Channel Index (CCI) + Realtime Divergences + Alerts
This version of the CCI includes the following features:
- Optional 2x sets of triple-timeframe overbought and oversold signals with fully configurable timeframes and overbought and oversold thresholds, can indicate where 3 selected timeframes are all overbought or all oversold at the same time, with alert option.
- Optional divergence lines drawn directly onto the oscillator in realtime, with alert options.
- Configurable pivot periods to fine tune the divergences drawn in order to suit different trading styles and timeframes, including the ability to enable automatic adjustment of pivot period per chart timeframe.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
- 'Hide oscillator' feature allows traders to hide the oscillator itself, leaving only the background colours indicating the overbought and oversold periods and/or MTF overbought and oversold confluences, as seen in the chart image.
- Also includes standard configurable CCI options, including CCI length and source type. Defaults set to length 20, and hlc3 source type.
- Optional Flip oscillator feature, allows users to flip the oscillator upside down, for use with Tradingviews 'Flip chart' feature (Alt+i), for the purpose of manually spotting divergences, where the trader has a strong natural bias in one direction, so that they can flip both the chart and the oscillator.
- Optional 'Fade oscillator' feature, which will fade out all but the most recent period, reducing visual noise on the chart.
While this version of the CCI has the ability to draw divergences in realtime along with related alerts so you can be notified as divergences occur without spending all day watching the charts, the main purpose of this indicator was to provide the triple-timeframe overbought and oversold confluence signals, in an attempt to add more confluence, weight and reliability to the single timeframe overbought and oversold states, commonly used for trade entry confluence. It's primary purpose is intended for scalping reversal trades on lower timeframes, typically between 1-15 minutes, which can be used in conjunction with the regular divergences the indicator can highlight. The triple timeframe overbought can often indicate near term reversals to the downside, with the triple timeframe oversold often indicating neartime reversals to the upside. The default timeframes for this confluence are set to check the 1m, 5m and 15m timeframes together, ideal for scalping the < 15 minute charts. The default settings for the MTF #1 timeframes (1m, 5m and 15m) are best used on a <5 minute chart.
Its design and use case is based upon the original MTF Stoch RSI + Realtime Divergences found here .
Commodity Channel Index (CCI)
Investopedia has described the popular oscillator as follows:
“The Commodity Channel Index (CCI) is a momentum-based oscillator used to help determine when an investment vehicle is reaching a condition of being overbought or oversold.
Developed by Donald Lambert, this technical indicator assesses price trend direction and strength, allowing traders to determine if they want to enter or exit a trade, refrain from taking a trade, or add to an existing position. In this way, the indicator can be used to provide trade signals when it acts in a certain way.”
You can read more about the CCI, its use cases and calculations here .
How do traders use overbought and oversold levels in their trading?
The oversold level, that is traditionally when the CCI is above the 100 level is typically interpreted as being 'overbought', and below the -100 level is typically considered 'oversold'. Traders will often use the CCI at an overbought level as a confluence for entry into a short position, and the CCI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the CCI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the CCI. While traditionally, the overbought and oversold levels are below -100 for oversold, and above 100 for overbought, he default threshold settings of this indicator have been increased to provide fewer, stronger signals, especially suited to the low timeframes and highly volatile assets.
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose, and also when the triple timeframe overbought and oversold confluences occur.
Configurable pivot period.
You can adjust the default pivot period values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action. By default, this indicator has enabled the automatic adjustment of the pivot periods for 4 configurable timeframes, in a bid to optimise the divergences drawn when the indicator is loaded onto any of the 4 timeframes. These timeframes and the auto adjusted pivot periods on each of them can also be reconfigured within the settings menu.
Disclaimer: This script includes code adapted from the Divergence for Many Indicators v4 by LonesomeTheBlue . With special thanks.
Relative Strength Index (RSI) + Realtime DivergencesRelative Strength Index (RSI) + Realtime Divergences
This version of the RSI indicator includes the following features:
- Optional divergence lines drawn directly onto the oscillator in realtime.
- Configurable alerts to notify you when divergences occur.
- Configurable lookback periods to fine tune the divergences drawn in order to suit different trading styles and timeframes.
- Background colouring option to indicate when the RSI oscillator has crossed above or below its centerline.
- Alternate timeframe feature allows you to configure the oscillator to use data from a different timeframe than the chart it is loaded on.
- Fadeout oscillator feature will fade out all but the most recent history, leaving your chart free of visual noise.
- Flip oscillator feature can be used with the Tradingview 'Flip chart' feature (Alt+i) in order to flip both the chart and the oscillator, too. This feature is to help traders manually spot divergences that may have a strong natural bias in one direction.
- Optional centerline and range bands.
- Various optional moving average types, bollinger bands etc.
This indicator adds additional features onto the standard RSI whose core calculations remain unchanged. Namely, the configurable option to automatically, quickly and clearly draw divergence lines onto the oscillator for you as they occur in realtime. It also has the addition of unique alerts, so you can be notified when divergences occur without spending all day watching the charts. Furthermore, this version of the RSI comes with configurable lookback periods, which can be configured in order to adjust the sensitivity of the divergences, in order to suit shorter or higher timeframe trading approaches.
What is the Relative Strength Index ( RSI )?
Investopedia describes the Relative Strength Index as follows:
“The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of a security's recent price changes to evaluate overvalued or undervalued conditions in the price of that security. The RSI is displayed as an oscillator (a line graph) on a scale of zero to 100. The indicator was developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, New Concepts in Technical Trading Systems.
The RSI can do more than point to overbought and oversold securities. It can also indicate securities that may be primed for a trend reversal or corrective pullback in price. It can signal when to buy and sell. Traditionally, an RSI reading of 70 or above indicates an overbought situation. A reading of 30 or below indicates an oversold condition.”
The RSI is also commonly used to spot divergences.
You can read more about the RSI and its calculations here
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose.
Configurable pivot periods.
You can adjust the default pivot periods to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action.
Disclaimer: This script includes code from the stock RSI by Tradingview as well as the Divergence for Many Indicators v4 by LonesomeTheBlue.
MTF Fantastic Stochastic (FS+)MTF Fantastic Stochastic (FS+) + Alerts
This chart overlay indicator can signal multiple triple-timeframe Stochastic RSI overbought and oversold confluences directly onto your chart, intended for use as a confluence either for reversal trade entries, or potential trade exits, indicating where price may be probable to reverse.
Features include:
- Primary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time. Enabled by default.
- Secondary set of fully configurable triple-timeframe overbought and oversold signals, indicating where 3 selected timeframes are all overbought or all oversold at the same time, with alert option. Enabled by default.
- Also includes standard configurable Stoch RSI options, including k length, d length, RSI length, Stochastic length, etc.
- The default primary MTF #1 timeframes are set to 1minute, 5minute and 15minute. These are highly suitable for low timeframe scalpers trading on charts less than 5 minutes, and can often pin point price reversals.
- The default Secondary MTF #2 timeframes are set to 15minute, 30minute and 60minute. These are suitable for both low timeframe scalpers and considerably higher timeframe traders.
- Optional drawing of background colours and/or ribbon seen at bottom of the chart.
- Fully configurable timeframes, as well as overbought and oversold threshold levels for each individual timeframe. Overbought and oversold thresholds are set to the factory 80 and 20 levels respectively for all timeframes by default.
- Alert features for both MTF #1 and MTF #2 triple-timeframe confluences, including options for alerting overbought and oversold individually, as well as an option for alerting either overbought or oversold in a single alert.
Note: THe features listed above are accurate at the time of publishing but maybe updated or added to in future.
The Stochastic RSI
The popular oscillator has been described as follows:
“The Stochastic RSI is an indicator used in technical analysis that ranges between zero and one (or zero and 100 on some charting platforms) and is created by applying the Stochastic oscillator formula to a set of relative strength index ( RSI ) values rather than to standard price data. Using RSI values within the Stochastic formula gives traders an idea of whether the current RSI value is overbought or oversold. The Stochastic RSI oscillator was developed to take advantage of both momentum indicators in order to create a more sensitive indicator that is attuned to a specific security's historical performance rather than a generalized analysis of price change.”
How do traders use overbought and oversold levels in their trading?
The oversold level, that is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at an overbought level as a confluence for entry into a short position, and the Stochastic RSI at an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI.
This indicator was originally built as one of a many features included in the RF+ Divergence Scalping System and has been separated into it's own standalone indicator here for traders who do not want the many other features bundled into the original indicator. A number of features that exist in the original were intensive, and also quite niche. Therefore this lightweight single purpose chart overlay indicator offers this versatile feature of the ever popular Stochastic RSI to a wider audience of traders who may add it to various strategies.
Auto Fibo Multi Timeframe [Misu]█ This indicator shows a Multi Timeframe automatic Fibonacci retracement levels.
This indicator is built using pivots from a user-selected timeframe to draw and orient the Fibonacci retracement.
Fibonacci analysis uses a logical sequence of numbers to predict trends and price action.
█ Usages:
The Fibonacci retracement is used to identify hidden support and resistance levels that an investor can use for entry, exit, and stop placement.
Depending on your usage, you can track breakouts above and below retracement levels to provide early entry points for major breakouts and breakdowns.
Higher timeframe Fibs allow you to have more relevant and weighted signals.
█ Features:
Choose Timeframe
Choose Fib levels
Color Fib Levels Individually
Color Fib Levels all in one
█ Parameters:
Timeframe: The Timeframe chosen.
Left Bars: A parameter used to calculate pivots.
Right Bars: A parameter used to calculate pivots.
UI Settings: Select Fibs levels and colors.
[FriZz]Watermark -- Watermark by FriZz | FrizLabz --
Lets you Customize a watermark how ever you would like
There are 4 Textboxes in the settings window 2 for your inputs
There's 1 with instructions/examples and 1 with Special Characters (there are tons more online)
-- The options you can type into Textbox 1 and 2 --
- Volume
- Open
- Close
- High
- Low
- Ticker [ Chart ticker ]
- Ticker2 [ Optional 2nd ticker that can be set in the settings will also display close ]
- TF
- Day
- Date
- Time
- Session
- SessionTime
-- Important --
These options need to be spelled and Case matched correctly or it will simply just display the word
You can add anything around a word or between two words you would like
If you want a new line simply press [ ENTER/RETURN ] and continue
-- Tooltip --
Tooltip appears when you mouse over the watermark
There are options to change the session times if you need too
The Sessions will be listed on the tooltip with Session times
I think that pretty much covers most of it if you have any questions or suggestions on this or anything else I've made
or if I missed a bug.. feel free to comment or DM me
Enjoy! - FriZz
TMO ArrowsTMO - (T)rue (M)omentum (O)scillator) MTF Arrows
Do you want to use TMO but you lack space on the chart? This study is just for you. This is the more user-friendly version of the TMO Oscillator. In terms of the indicator there are no changes except the indicator is converted in to the simple arrows.
There are Four Types of Arrows:
1. TMO Arrow Up - Visualizes the TMO bullish crosses.
2. TMO Arrow Down - Visualizes the TMO bearish crosses.
3. TMO Arrow Up (Oversolds Only) - Visualizes only the bullish crosses that are at or below the oversold zone.
4. TMO Arrow Down (Overboughts Only) - Visualizes only the bearish crosses that are at or above the overbought zone.
In case you only want the arrows for extremes, turn off the Arrow Up / Arrow Down first. Arrows for extremes only are turned off by default.
Hope it helps.
RF+ Divergence Scalping SystemRF+ Divergence Scalping System + Custom Signals + Alerts.
This chart overlay indicator has been developed for the low timeframe divergence scalper.
Built upon the realtime divergence drawing code from the Divergence for Many indicator originally authored by Lonsometheblue, this chart overlay indicator bundles several additional unique features and modifications to serve as an all-in-one divergence scalping system. The current key features at the time of publishing are listed below (features are optional and can be enabled or disabled):
- Fully configurable realtime divergence drawing and alerting feature that can draw divergences directly on the chart using data sourced from up to 11 oscillators selected by the user, which have been included specifically for their ability to detect divergences, including oscillators not presently included in the original Divergence for Many indicator, such as the Ultimate Oscillator and TSI.
- Optional on chart table showing a summary of key statuses of various indicators, and nearby divergences.
- 2 x Range Filters with custom settings used for low timeframe trend detection.
- 3 x configurable multi-timeframe Stochastic RSI overbought and oversold signals with presentation options.
- On-chart pivot points drawn automatically.
- Automatically adjusted pivot period for up to 4 configurable time frames to fine tune divergences drawn for optimal divergence detection.
- Real-price line for use with Heikin Ashi candles, with styling options.
- Real-price close dots for use with Heikin Ashi candles, with styling options.
- A selection of custom signals that can be printed on-chart and alerted.
- Sessions indicator for the London, New York, Tokyo and Sydney trading sessions, including daylight savings toggle, and unique ‘invert background color’ option, which colours the entire chart - except the trading session you have selected, leaving your chart clear of distracting background color.
- Up to 4 fully configurable moving averages.
- Additional configurable settings for numerous built in indicators, allowing you to alter the lengths and source types, including the UO, TSI, MFI, TSV, 2 x Range Filters.
- Configurable RSI Trend detection signal filter used in a number of the signals, which filters buy signals where the RSI is over the RSI moving average, and only prints sell signals where RSI is under the moving average.
- Customisable on-chart watermark, with inputs for a custom title, subtitle, and also an optional symbol | timeframe | date feature.
The Oscillators able to be selected for use in drawing divergences at the time of publishing are as follows:
- Ultimate Oscillator (UO)
- True Strength Indicator (TSI)
- Money Flow Index (MFI)
- Cumulative Delta Volume (CDV)
- Time Segmented Volume (TSV)
- Commodity Channel Index (CCI)
- Awesome Oscillator
- Relative Strength Index (RSI)
- Stochastic
- On Balance Volume (OBV)
- MACD Histogram
What are divergences?
Divergence is when the price of an asset is moving in the opposite direction of a technical indicator, such as an oscillator, or is moving contrary to other data. Divergence warns that the current price trend may be weakening, and in some cases may lead to the price changing direction.
There are 4 main types of divergence, which are split into 2 categories;
regular divergences and hidden divergences. Regular divergences indicate possible trend reversals, and hidden divergences indicate possible trend continuation.
Regular bullish divergence: An indication of a potential trend reversal, from the current downtrend, to an uptrend.
Regular bearish divergence: An indication of a potential trend reversal, from the current uptrend, to a downtrend.
Hidden bullish divergence: An indication of a potential uptrend continuation.
Hidden bearish divergence: An indication of a potential downtrend continuation.
Setting alerts.
With this indicator you can set alerts to notify you when any/all of the above types of divergences occur, on any chart timeframe you choose, also when the triple timeframe Stochastic RSI overbought and oversold confluences occur, as well as when custom signals are printed.
Configurable pivot period values.
You can adjust the default pivot period values to suit your prefered trading style and timeframe. If you like to trade a shorter time frame, lowering the default lookback values will make the divergences drawn more sensitive to short term price action. By default, this indicator has enabled the automatic adjustment of the pivot periods for 4 configurable time frames, in a bid to optimize the divergences drawn when the indicator is loaded onto any of the 4 time frames selected. These time frames and their associated pivot periods can be fully reconfigured within the settings menu. By default, these have been further optimized for the low timeframe scalper trading on the 1-15 minute time frames.
How do traders use divergences in their trading?
A divergence is considered a leading indicator in technical analysis , meaning it has the ability to indicate a potential price move in the short term future.
Hidden bullish and hidden bearish divergences, which indicate a potential continuation of the current trend are sometimes considered a good place for traders to begin, since trend continuation occurs more frequently than reversals, or trend changes.
When trading regular bullish divergences and regular bearish divergences, which are indications of a trend reversal, the probability of it doing so may increase when these occur at a strong support or resistance level . A common mistake new traders make is to get into a regular divergence trade too early, assuming it will immediately reverse, but these can continue to form for some time before the trend eventually changes, by using forms of support or resistance as an added confluence, such as when price reaches a moving average, the success rate when trading these patterns may increase.
Typically, traders will manually draw lines across the swing highs and swing lows of both the price chart and the oscillator to see whether they appear to present a divergence, this indicator will draw them for you, quickly and clearly, and can notify you when they occur.
How do traders use overbought and oversold levels in their trading?
The oversold level is when the Stochastic RSI is above the 80 level is typically interpreted as being 'overbought', and below the 20 level is typically considered 'oversold'. Traders will often use the Stochastic RSI at, or crossing down from an overbought level as a confluence for entry into a short position, and the Stochastic RSI at, or crossing up from an oversold level as a confluence for an entry into a long position. These levels do not mean that price will necessarily reverse at those levels in a reliable way, however. This is why this version of the Stoch RSI employs the triple timeframe overbought and oversold confluence, in an attempt to add a more confluence and reliability to this usage of the Stoch RSI.
This indicator is intended for use in conjunction with related panel indicators including the TSI+ (True Strength Indicator + Realtime Divergences), UO+ (Ultimate Oscillator + Realtime Divergences), and optionally the STRSI+ (MTF Stochastic RSI + Realtime Divergences) and MFI+ (Money Flow Index + Realtime Divergences) available via this authors’ Tradingview profile, under the scripts section. The realtime divergence drawing code will not identify all divergences, so it is suggested that you also have panel indicators to observe. Each panel indicator also offers additional means of entry confirmation into divergence trades, for example, the Stochastic can indicate when it is crossing down from overbought or up from oversold, the TSi can indicate when the 2 TSI bands cross over one another upward or downward, and the UO and MFI can indicate an entry confluence when they are nearing, or crossing their centerlines, for more confidence in your divergence trade entries.
Additional information on the settings for this indicator can be found via the tooltips within the settings menu itself. Further information on feature updates, and usage tips & tricks will be added to the comments section below in due course.
Disclaimer: This indicator uses code adapted from the Divergence for Many v4 indicator authored by Lonesometheblue, and several stock indicators authored by Tradingview. With many thanks.