This is a straightforward modification of LazyBear's CCI-coded OBV indicator with the following changes:
1) uses log-hl2 as source, which seems to be a more stable indicator of price change than close
2) adds optional price smoothing
Multi-Timeframe Candlestick color indicator, plots the color of the bar in 10 different timeframes.
It consists of 3 bands with respect to the time frames selected: Short Term, Medium Term and Long term bands.
Short Term - 5, 10, 15, 30 min
Medium Term - 60, 120, 240 min
Long Term - D, W, M
If the bar color synchronizes in their respective bands, the indicator...
Function to handle rgb color selection, it has low resolution due to pinescript limitations.
included examples with manual background color selection via inputs and automatic color of a rsi plot based on its value.
let your rainbow dreams come true!! :D
The Elder's Force Index is an oscillator that takes into account the change of the price combined with the volume:
EFI = (close of the current day - close of the previous day) * volume of the current day
If measure the force of the price change.
If you calculate the exponential moving average of the last two days to smooth the signal EMA(EFI,2), you have a nice...
There is a lot of indicators similar to this one, however i think this one don't share the same calculation method and this is why i share it. This indicator aim to forecast price direction using an exponential filter architecture using highest and lowest information for the estimation of a smoothing variable. This filter is similar to the average...
Is Price Action Higher or Lower on STRONG or WEAK VOLUME from lookback
(Strong or Weak Bulls // Strong or Weak Bears)
Candles / Bars Indicate the Following (default 13 period lookback / Length)
MAROON Bear Candle with STRONG VOLUME more than 150% of the lookback / length (13 default), STRONG Bear Candle Confirmed With Volume
RED Bear Candle while VOLUME is...
Candles are coloured based on relative price and volume:
- If today’s closing price and volume are greater than (n) bars ago, color today’s volume bar green.
- If today’s closing price is greater than (n) bars ago but volume is not, color today’s volume bar lime.
- Similarly, if today’s closing price and volume is less than (n) bars ago, color today’s volume...
//Candle Patterns Ranked by Performance THOMAS N. BULKOWSKI
//1. Bearish Three Line Strike +Up 67.38%
//2. Bullish Three Line Strike -Down 65.23%
//3. Bearish Three Black Crows -Down 59.83%
//4. Bearish Evening Star -Down 55.85%
//5. Bullish Upside Tasuki Gap +Up 54.44%
//6. Bullish Inverted Hammer -Down 51.73%
//7. Bullish Matching Low -Down 50.00%
This is a script for a view I wanted to go along with the Autoview plugin I bought. Keep in mind this is my first script and was created for me to learn the Pinescript framework. This isn't meant to be perfect. Indicator colors are usually blue or green or red. Also keep in mind since this is my first script in a new framework, the more stuff I build the better...
This script is similar to the "Hi-Lo" or "Clear" methods of painting bars. Instead of using the tips/edges of the candles like those two, the "(H+L)/2" method uses the change in (high+low)/2 to paint the bars. This gives you some similar results if you were to be binary with the candle coloring. However, my coloring scheme is not entirely binary. There are 5...