luxalgo

LuxAlgo Wizard

Displays lines connecting past pivot high/low points with each line having the slope of a linear regression. This slope can also be controlled by the user with the 'Slope' setting. Each line can be used as a support or resistance by the user. Settings Length : Pivot length. Use higher values for having lines connected to more significant pivots points. ...

LuxAlgo Wizard Updated 

The following indicator returns a line bouncing of the extremities of a Donchian channel, with the aim of replicating a "zig-zag" indicator. The indicator can both be lagging or lagging depending on the settings user uses. Various extended lines are displayed in order to see if the peaks and troughs made by the Donchian zig-zag can act as potential...

LuxAlgo Wizard Updated 

The following oscillator uses an adaptive moving average as an input for another RSI oscillator and aims to provide a way to minimize the impact of retracements over the oscillator output without introducing significant lag. An additional trigger line is present in order to provide entry points from the crosses between the oscillator and the trigger line. More...

LuxAlgo Wizard Updated 

The following moving average adapt to the average number of highest high/lowest low made over a specific period, thus adapting to trend strength. Interesting results can be obtained when using the moving average in a MA crossover system or as a trailing support/resistance. Settings Length : Period of the indicator, with higher values returning smoother...

LuxAlgo Wizard Updated 

Deeply inspired by the Weiss wave indicator, the following indicator aims to return the accumulations of rising and declining volume of a specific trend. Positive waves are constructed using rising volume while negative waves are using declining volume. The trend is determined by the sign of the rise of a rolling linear regression. Settings Length :...

LuxAlgo Wizard Updated 

Oscillators are widely used in technical analysis and can return a large amount of information to the trader depending on their design. It is common to use oscillators to detect divergences with the price, divergences occur when the tops/bottoms made by the oscillator and price are negatively correlated. The following oscillator is based on the momentum of a...

LuxAlgo Wizard Updated 

The following indicator is a normalized oscillator making use of the arc tangent sigmoid function (ArcTan), this allows to "squarify" the output result, thus visually filtering out certain variations originally in the oscillator. The magnitude of this effect can be controlled by the user. The indicator contains a gradient that shows the possibility of a reversal,...

LuxAlgo Wizard Updated 

This script provides basic pivot point Support and Resistance Levels to the user whilst displaying Break signal tags. It also has the ability to let the user display more significant breaks by filtering using the Volume Oscillator. Only more significant breaks of these basic levels are displayed to the user when optimized which avoids noise and messy signals. It...

LuxAlgo Wizard Updated 

This script labels swing highs and swing lows as well as the candle pattern that occurred at that precise point. The script can detect the following 6 candle patterns: hammer, inverse hammer, bullish engulfing, hanging man, shooting star, and bearish engulfing. This indicator by its very nature backpaints by default, meaning that the displayed components are...

LuxAlgo Wizard Updated 

The new array feature is extremely powerful, as it will allow pinescript users to do more complex things, or compute existing calculations more efficiently, it will also be possible to shine some light to some already existing functions, one of them being percentile_nearest_rank . We have been working on this new feature with our pal alexgrover, and made this...