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Centered Oscillators

Relative Difference Of Squares Oscillator [CC]The Relative Difference Of Squares Oscillator was created by Marco Alves (Stocks and Commodities Aug 2020 pg 10) and this is a heavily customized version of his indicator that works for single stocks instead of the entire market. I have included extra buy and sell signals to account for strong signals vs normal signals based on some user feedback I got. Buy when the line turns green and sell when it turns red. Keep in mind that this is a lagging indicator so good for trend confirmation. Let me know if there are any other scripts you would like to see me publish!
Pine Script™ indicator
by cheatcountry
2
Ehlers Simple Deriv Indicator [CC]The Simple Deriv Indicator was created by John Ehlers (Stocks and Commodities June 2021 pg 10) and this is a heavily modified version of his original script that changes the buy and sell signals. I did testing with his original settings but they didn't seem to be very profitable for most stocks so I created my own system. This indicator does have a lag though so it is best used for trend confirmation imo. Buy when the line turns green and sell when it turns red. Let me know if there are any other indicators you would like to see me publish!
Pine Script™ indicator
by cheatcountry
1
[jav] HeikinAshized OscillatorsThis script allows to HeikinAshize different commonly used centered oscillators. It plots them like Heikin Ashi candles. In this way, we can eliminate some of the noise and uncertainty that is inherent to applying only one calculation period to the oscillators. Applying Heikin Ashi to an oscillator might be advantageous compared to applying it directly to the chart, because you are not altering price readings. The obvious advantage is the clear visualization of the trend directions without noise. INPUTS The oscillators included are: Relative Strength Index (RSI) Stochastic Stochastic RSI Fisher transform Inverse Fisher Transform of RSI (IFTRSI) Commodity Channel Index (CCI) Money Flow Index (MFI) Chande Momentum Oscillator (CMO) Momentum (MOM) True Strength Index (TSI) Williams' Percent Range (WPR). Apart from the choice of one of these indicators, only two more inputs are required: the main (median) period and the % of variability of this period. RESULTS The script calculates 4 evenly spaced periods from that data (period and variability), e.g. for a period of 50 and a variability of 30%, the script calculates oscillator values for 4 different periods evenly spaced around 50, (35, 45, 55, 65) and uses these 4 values to draw the Heikin Ashi candle. The script also plots the usual upper/lower (overbought/oversold) values, as well as the central line. CREDITS The interesting concept of applying Heikin Ashi to an oscillator was recently introduced in Tradingview by @JayRogers . Many thanks for the idea. For Heikin Ashi calculations, the useful script by @allanster was taken as a reference. Any improvements, modifications or suggestions are welcome.
Pine Script™ indicator
by javabgar
10
Chart OscillatorI present you the chart oscillator where an oscillator (Stoch or RSI) is plotted on the chart itself (instead of below the chart) It is inspired on an idea of @Kablamicus Instead of having the lines between 0 and 100, here the '0-100' are - lowest(low, len) - highest(high, len) An overbought/oversold and a middle line is derived from these lines and the oscillator goes in between. It resembles very much the 'normal' oscillator, with a few extra's: - you can see the movement of the candles against the oscillator - S/R levels of oscillator, 50 line, overbought/oversold line, 0-100 line Stoch: RSI: Also a table is included with the Stoch/RSI values Cheers!
Editors' picks
Pine Script™ indicator
by fikira
50
All in One Strategy no RSI Label - For higher dollar cryptoThis is the All in One Strategy without the RSI suggestion label that will work well for any of the crypto currencies trading above $500 so the overlay shows up better. I am using ETH as an example on this. Based on some comments on my previously published script that has been replaced I have added Alert Conditions to this version that can be used in other bots. You can also copy and paste these alert conditions into the other All in One script I published for the lower priced cryptocurrencies. To use the alert conditions I have in here, you will need to convert this strategy into a study to do so. Delete the entry and exit logic at the end (lines 299 through 351), delete line 18 and paste the following in place of line 18: study(shorttitle='Ain1 No Label',title='All in One Strategy no RSI Label', overlay=true, scale=scale.left) Here are the settings to mimic what you see here in the back test strategy I am publishing. Remember that previous results do not guarantee future results. Chart Time = 30 Minutes (if you didn't read my original All in One post, read it. Shorter isn't better. You lose your money faster in a shorter amount of time and I learned that the hard way) Start Time = 1 April 2021 00:00 End Time = 31 December 2021 00:00 Trade Type = Long/Short Stop Loss % = 20.1 Take Profit % = 14.57 RSI Length = 20 Overbought = 44 Oversold = 45 EMA Fast Length = 5 EMA Slow Length = 15 Overbought Lookback Minimum Value = 62 Overbought Lookback Bars = 3 Oversold Minimum Value = 43 Oversold Lookback Bars = 5 Source = Close Max Lookback Period = 5 Use EMA Only = True (check the box) K = 9 D = 17 K Mode = SMA High Source = ohlc4 Low Source = ohlc4 Properties - Starting Amount is $3500, everything else is the same. Any questions, feel free to ask. I will answer as soon as I can.
Pine Script™ strategy
by Solutions1978
2
Table: Relative Strength Index (Multiple Timeframes) DESCRIPTION It is the most popular and dependent Indicator, Relative Strength Index (RSI) . Now, I put inside a table to view chart momentum from Multiple timeframes. This indicator tells different Timeframe (30 minutes, 1 hour, 4 hour, 1 day, 1 week, 1 month) of RSI value within table form. HOW TO USE Can consider a Long position when all timeframes go oversold while Short position when all timeframes go overbought. Alarm function is available. It sounds as all timeframes are overbought or oversold. Modified The source of indicator from ©BeeHolder named "Performance"
Pine Script™ indicator
by sxw6329
15
Technicals Rating Strategy v420Ichimoku, HMA, RSI, Stoch, CCI, MACD, Technicals Rating Strategy is a trading Bot that looks at these chosen indicators and assigns a value to each, then calculates the result of adding each indicators result value to a overall rating, which is then compared to a user set level. Here seen on Bitcoin, it has the broker fee included in the testing result. If you choose to use it on Forex etc, perhaps remove the broker fee which is unrealistic for FX trading. It has a Win/Loss ratio of only 40% wins, but it catches the big moves and thats the main thing, so if ELON MUSK had of used this strategy instead of BUY and HOLD, he could of made 700% instead of 7% (as is, may, 2021) Mainly intended for use as Automated TRADE BOT. (imagine if Elon Musk did use this bot with his 1.3 billion $ worth of BTC, the drawdown would be like, half a billion or something haha (p.s.- use smaller lotsize % to get smaller drawdown, but then smaller profit....) ) For use with any pair and timeframe. In fact there is a timeframe setting to set the strategy to look at alternative timeframe from chart, but as default will just be set to charts timeframe.
Pine Script™ strategy
by SeaSide420
18
MACD Signal with RSI Indicating StrategyThis strategy looks for MACD signal crossover and RSI confirmation of oversold/overbought condition. Tune to your crypto/stock for best results using the strategy and sent an alert. Currently set up to use 25% of equity at each buy signal and will sell 1/3 of position at each sell signal. Initial investment is $1000, but adjust as necessary. Currently tuned to DOGEUSD on 30min chart. If you like/use/profit, follow me or shoot me a donation. If you are looking for a script design, I can help.
Pine Script™ strategy
by cryptostang23
15
Indicator PanelHello All, This script shows Indicator panel in a Table. Table.new() is a new feature and released today! Thanks a lot to Pine Team to add this new great feature! This new feature is a game changer! The script shows indicator values for each symbol and changes background color of each cell by using current and last values of the indicators for each symbol. if current value is greater than last value then backgroung color is green, if lower than last value then red, if they are equals then gray. You can choose the indicators to display. Number of columns in the table is dynamic and is changed by number of the indicators. You can choose 5 different Symbols, 6 Indicators and 2 Simple or Exponential Moving averages, you can set type of moving averages and the lengths. You can also set the lengths for each Indicators. Indicators: - RSI - MACD ( MACD and Signal and Histogram ) - DMI ( +DI and -DI + and ADX ) - CCI - MFI - Momentum - MA with Length 50 (length can be set) - MA with Length 200 (length can be set) In this example RSI, MACD and MA 200 were chosen, you can see how table size changes dynamically: Enjoy!
Editors' picks
Pine Script™ indicator
by LonesomeTheBlue
86
Easy Entry/Exit Trend Colors (With Alerts)This is an updated version of user Algokid's script called 'AK MACD BB INDICATOR V 1.00'. You can find that original script here: I added many alerts along with the Bullish and Bearish alerts when the MACD crosses over the Upperband or crosses down on the Lowerband. I personally use this indicator with Crypto charts (Bitcoin on a 15min, 1hour, and 4 hour timeframe) as one of many confirmations that it's a good time to enter a trade. This script was made to be easy to follow with the colors of GREEN triangles being a good uptrend or entry confirmation, and RED being a confirmation to sell/short or exit your trade. It's important to use this indicator in combination with other indicators that can give you more confirmations to enter or exit a trade, and make sure you are on normal candles and not HA or any other candles as you can get wildly inaccurate results. This script also has the Death & Golden crosses, which is the slow and fast moving averages crossing over each other. I don't use this as an additional confirmation, it's just nice to know where the cross happens.
Pine Script™ indicator
by countseven12
44
Momentum Trader + Trinity LinesThis is an updated version of the 'Momentum Trader' by user ProfitProgrammers + the 'Bollinger Bands %b & RSI & Stochastic Smoothed Indicator & Alert' by the user Zamboniman. Links to those original scripts are below: script/7S49kLWh-Bollinger-Bands-b-RSI-Stochastic-Smoothed-Indicator-Alert/ script/OMULR9es-Momentum-Trader/ The only real updates are so that it works on Version 4 of pinescript and some color and visual updates that makes these two scripts work well together. This must be used on normal candles and not HA or any other types or you can get misleading entry / exit points. Here is some info about this indicator and the moving parts within it: Chande Momentum Oscillator: -Measures trend strength, with higher absolute values meaning greater strength. -Also tracks divergence. When price increases, but is not accompanied by an increase in Chande Momentum Oscillator values, it signifies bearish divergence and a reversal is likely to follow. -Shown as the teal and pink histogram. Percentage Price Oscillator: -Similar to the MACD , except that it expresses the difference between the two moving averages in terms of a percentage. This makes it a little easier to visualize. -PPO values greater than zero indicate an uptrend, as that means the fast EMA is greater than the slow (and vice versa). Trinity Lines: -These 3 colored lines at the top are RSI + normalized Bollinger Band &b + normalized smoothed Stochastic. -A confirmation entry for a long is when the lines are in the order from top to bottom of Green Yellow Red. Entry and Exit Conditions: Enter When: 1) Chande Momentum crosses over zero from negative to positive territory. AND 2) Chande Momentum is rising(positive slope). AND 3) Trinity lines are Green, Yellow, Red (Top to bottom) Exit When: 1) Chande Momentum is greater than the upper line. AND 2) PPO has a negative slope. AND 3) Trinity lines are Red, Yellow, Green (Top to bottom)
Pine Script™ indicator
by countseven12
2
Volume Positive Negative Indicator [CC]The Volume Positive Negative Indicator was created by Markos Katsanos (Stocks and Commodities April 2021 pg 9) and this indicator is useful for determining long trends but with some modification you can use it for short trends as well. Buy when the indicator line is green and sell when it turns red. Make sure to experiment with the threshold and see what works best for you. Let me know if there are any other indicators you want me to publish!
Pine Script™ indicator
by cheatcountry
8
Heikin Ashi RSI OscillatorIntroducing HARSI - the RSI based Heikin Ashi candle oscillator. ...that's right, you read it correctly. This is Heikin Ashi candles in an oscillator format derived from RSI calculations, aimed at smoothing out some of the inherent noise seen with standard RSI indicators. Science! We likes it we does. Included plot options for standard RSI plot overlay, and a smoothed variant with it's own seperate length from the candles, oh and histogram option, for reasons. Articles and further reading: investopedia.com - RSI investopedia.com - Heikin Ashi This is a REALTIME indicator, so any values used for conditions should use history 1, or alternatively, alerts should be called using once-per-bar-close.
Pine Script™ indicator
by JayRogers
167
TDI Hedge Strategy This is the incomplete version but upon multiple requests, I have released it early. All of the strategy and alert functions are yet to be written and I'll get around to it soon. This indicator aims to be the best TDI indicator on TradingView. It is a strategy or study. It will have all of the filter, entry, and exit conditions for the strategies around the TDI. What is implemented MFI or RSI: the MFI is a much better TDI baseline than the RSI, in my opinion, and very effective EMA or SMA used for the moving averages on fast, slow, and volatility band Dynamic timeframe: set a factor of current timeframe and indicator will analyse higher timeframe automatically Manual timeframe: set a higher timeframe to analyse different to currently viewed Features for later conditions for TDI filters/entries/exits Strategy functions to use built-in strategy tester BTE signal plot for Backtesting & Trading Engine alerts Enjoy!
Pine Script™ strategy
by mabonyi
4