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Breadth Indicators

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. --- ** 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.
Pine Script™ indicator
by Electrified
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!
Pine Script™ indicator
by LonesomeTheBlue
102
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
Pine Script™ indicator
by Electrified
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
Pine Script™ indicator
by incryptowetrust100k
TraderLion's Relative Strength LineRelative Strength Line Introduction The script adds a line/candlestick to your charts that shows how well a stock is acting relative to the Index. We call this Relative Strength Line. Relative Strength ( RS ) separates leading stocks from laggards. Stocks showing RS during a market correction phase will often be the strongest movers once the general market is ready to cooperate. Instructions on How To Add this Script to Your TradingView Charting Platform Step 0: Head over to www.tradingview.com Step 1: Add “TraderLion's Relative Strength Line” to your Favorites by clicking “Add to Favorite Scripts” near the bottom of the page. Step 2: Click “Indicators” at the very top on TradingView. Under Favorites click “Relative Strength Line” Step 3: Hover on the Indicator name ( Relative Strength Line) on your plot under legend and click the three dots at the very right. Under the “Pin To Scale” choose a setting that works best for you (optional). Step 4: Done. You have now plotted the Relative Strength Line Features 1) The Pink Dot symbolizes the RS Line reaching new highs before price. RS New Highs Before Price (RSNHBP) is often indicative of a break out emerging. 2) Direction-Based Relative Strength. The RS Line can be customized to color coat depending on its most recent direction. When the line moves up it will be blue, and on the way down pink. Easily glance and see phases of relative strength on the chart. 3) Raw RS Rating - The RS Line Script features an RS Rating from 1-99 with 99 being the strongest rating. The measures the stock’s performance relative to the Index you input. 3) Custom Index Input under Settings - requested feature! 4) Candlestick Relative Strength - A different unique way to view the Relative Strength Line 5) Alerts Conditions - Relative Strength New Highs and Relative Strength New Highs Before Price (RSNHBP)
Pine Script™ indicator
by TraderLion
182
BITCOIN AUTO TRADING STRATEGYBITCOIN AUTO TRADING STRATEGY This strategy shows buy and sell signal. Designed and optimized only for Bitcoin. You can use it spot or futures markets and 30 minutes time frame. Indicator gives trade points when optimized sma trending but filtered choppinnes index. Profit factor over 3 for all time backtest period. Care using when you set leverage. I recommend maximum 5x leverage for auto trading. Profitable trade count 119 Lost trade count 115 Profit factor 3 For access message me or go to my web link on my profile.
Pine Script™ strategy
by Herif
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.
Pine Script™ indicator
by czoa
27
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.
Pine Script™ indicator
by pmk07
2
Pivot OBV Reset [LM]Hi traders, I woud like to introduce new script of obv indicator that resets on creation of new pivot high or low. Note that it resets when it's known that it is a pivot. On the reset candle adds accumulated value from previous candles defined by i_right input. It has following settings: pivot setting - here you can infulence pivot detection obv setting - here you can influence whether it should be multiplied by price or not, if it should show when the reset happen Hope you'll enjoy it
Pine Script™ indicator
by lmatl
2
Logarithmic Trend lineLogarithmic Trend line is used to model data where growth or decay accelerates rapidly at first and then slows over time. This model is for the long term series data (such as 10 or 20 years time span). Technical issues *The user have to pan over the chart from the beginning to the end of the study range (such as 10 years of bars) so the pine script could generate those lines on the chart. *If on the chart the number of bar is less than the lookback period, it won't generate any lines as well.
Pine Script™ indicator
by Julien_Eche
9