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[SCL] Better Heikin AshiTo display the Heikin Ashi candle direction on your normal chart, using this script is better than switching between layouts. It includes different display modes so that you can use it alongside other indicators without clashing visually (bar colour/plotted shapes/shapes on flip only), and alerts on changes in direction. Many scripts include some or other of these features; here I've included them all in one for flexibility. One feature that AFAIK is unique is the "predictive close", which shows you where the current candle needs to close in order to change the Heikin Ashi direction. Heikin Ashi is a different method of calculating candlesticks. It has several advantages: + It can help to show the dominant trend in a smoother way than normal candles. + Flips in direction can show either trend reversal, or a pause and continuation, which can be a place to join a trend. Disadvantages of using Heikin Ashi include: + Having to change to a different chart layout + Difficulties working directly with Heikin Ashi values, because the values of the Open, Low, High, and Close displayed are different to the "real" prices. This indicator solves this problem by bringing trend information from Heikin Ashi candles (whether they're bullish or bearish) onto your normal candle chart. It displays in the main chart pane.
Pine Script™ indicator
by SimpleCryptoLife
8
123 Trend Continuation PatternThis simple indicator will help identify the 123 Patterns on the charts. It's build based on the zigzag indicator, which will work as a guideline to identify the 3 points. As soon as the price crosses the third point, the indicator will draw 3 lines: entry, take profit, and stop loss. Those lines will work as a reference and may help with other indicators. This kind of analysis will work on any time frame and symbol, but those markets that have high volatility may have better result
Pine Script™ indicator
by ThiagoSchmitz
59
[RESEARCH] Heikin-Ashi Chart IdentifierA deterministic approach to identify Heikin-Ashi chart type. The script checks the next statements about HA: HA chart does not have any gaps in a classic sense Every new HA open price is calculated using a specific recurrence formula. This fact also means that initial HA open price is used to calculate all the next and so on (a construction of Infinite Impulse Response filters) The script works correctly being applied to other chart types: Classic Candlestick Range Bars Line Break Traditional Renko ATR Renko Traditional Point-and-Figure ATR Point-and-Figure Kagi For special ones: this code allows you to check whether your script is being executed with Heikin-Ashi candles or not inside your script. Ev sistr 'ta Laou!
Pine Script™ indicator
by everget
Tower Line IndicatorHere is the code of twr indicator I'v already posted a idea about this indicator. You guys can make this chart more complete if you want. Complete indicator is just fixed the color align in some price pattern. The rule is hard to write for me but we have simple version here. :) Read more about tower line: Tower line here Need help about tower line(To add the color align when price expand or other situation) Detail about tower line Have you heard about tower line
Pine Script™ indicator
by c073
6
Retrospective Candlestick ChartWhen i was in Japan with some traders colleagues we talked about traditional charting tools from this country and how they changed the way we look at our charts today. Then suddenly one of the japanese traders i have met earlier said "Why not making another charting tool ? Smoother than Heikin-Ashi and including all the information a trader may need but easier to interpret". So i had the idea of averaging the input and the output of the respective close / open / high and low price using a recursive exponential window functions, each values will be closer to their true value if they are volatile, if they are not then those values will look smoother, the length input represents the reactivity of the candles, high values represents smoother results but less reactive.The goal of those candles is to make all the information easier to interpret by a trader. 500 input length , the price look smoother, supports and resistances are easier to make. The interpretation of highs and lows are important, the Retrospective Candlestick Chart save you time by showing only huge movements.
Pine Script™ indicator
by alexgrover
8
Weis Wave ChartThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. Unlike other implementations I found here on TradingView, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the volume indicator here:
Pine Script™ indicator
by modhelius
20
Weis Wave VolumeThis indicator is based on the Weis Wave described by David H. Weis in his book Trades About to Happen: A Modern Adaptation of the Wyckoff Method, more info how to use this indicator can also be found in this video . The Weis Wave is an adaptation of Richard D. Wyckoff’s method Wave Charts. It works in all time periods and can be applied to all asset types. For assets that do not support volume Weis propose in his book to use the true range instead, so if you want to use this indicator for assets that do not support volume, make sure to enable the checkbox "Use True Range instead of Volume". Unlike other implementations I found here on Trading, this implementation make use of a Renko-like zig zag pattern, very similar to how it is described in David H. Weis' book. The settings for the zig zag pattern are very similar to the standard Renko settings here on TradingView, in the "Renko Assignment Method" you either chose "ATR" or "Traditional" (read more about it here ). The ATR length or the brick size is then entered in the textbox "Value". You can also chose another setting in the "Renko Assignment Method" drop down named "Part of Price" which calculate the brick size from the current close and divide it by the value in the text box "Value". It is also possible to chose if the zig zag pattern shall use the high/low, the open/close or just the close as the most extreme values in its calculation, you select this in the drop down "Price Source". If you want the price to oscillate around a zero value, enable the "Oscillating" checkbox. TradingView's pine script does currently not support to print non-static text on the chart, so it is not possible at this point to write out the volume on the zig zag chart. It is also not possible to have both an overlay and separate chart pane in the same indicator, therefor this indicator is split up in two. You can find the zig zag indicator here:
Pine Script™ indicator
by modhelius
86
cooltoyz: shadow candlesAnother tool for the cooltoyz series :) tired of having to look at multiple time frames for a ticker, and having to mentally mix them to try to guess/visualize trends, or support/resistance levels? so was i, and with this tool i let the chart do the heavy lifting :) with this, upper time frames are visualized as shadows imposed on the chart itself. there are two levels: level 1 - represented with strong green/red for candle body, and a thin line for the candle wicks level 2 - light green/red for the candle body, lighter still for the wicks it was the best visually appealing representation i could come with, if you find a better one share it in comments, please :) basically works the same as the previous tool, the ghost candle, but with two levels of time frames superimposed. the same notes and warnings from the ghost candle apply, so go read them, too lazy for a copypasta :) you can find the ghost candle here:
Pine Script™ indicator
by deimosaffair
3
cooltoyz: ghost candleThis is a tool. Do with it what you like :) The ghost candle works by drawing a bigger time frame candles in ghost mode over a chart. The time frame is default of 4h, can be changed in the "format" pop-up. What we see in a time frame as the "wick", is really a set of candles when looked at lower resolutions/timeframes, that info is crunched into the OHLC format. But, when we look at a represntation of the "internals" of a candle, the wicks are not just a single candle that "walked out of the reservation". So, in this ghost mode, a wick makes no sense visually. In this case, the OHLC is represented as a darker area for the main candle body, and lighter zones for the wicks. Just another way to sing the same song... Note 1: the ghost candles are skewed, due to the way that TV plots a line. It's most visible when a chart is very zoomed. Note 2:As result of the TV real time engine, the last candle presents sometimes mixed colors. There's no easy way to fix it, so until the candle closes, if you see weird colors, well, that's life :)
Pine Script™ indicator
by deimosaffair
5
Swing Chart V1 by Phi35 © With this indicator, which plots the swing chart of the 3 degrees, swing traders can automate their work of tracking the right bars. How it works: Minor Degree (one bar) (gray)= If the current high is higher than the previous high or the current low is lower than the previous low. Intermediate Degree (two bar) (baby blue)= If the current high is higher than previous and the penultimate high etc. Main Degree (three bar) (red)= If the current high is higher than the previous, the penultimate and the high before penultimate high etc. Alert: On crossover there will be an alert (popup with a message) and in addition you will see "diamonds" on the place where the crossover took place If there is an issue or any suggestions, feel free to contact me. Do not modify the code without permission. Swing Chart V1 by Phi35 ©
Pine Script™ indicator
by phi35
6