The Wick Reversal Indicator is a powerful technical tool developed in accordance with the pseudocode outlined in the book "Secrets of a Pivot Boss" by Franklin O. Ochoa, Jr. This indicator assists traders in identifying potential market reversal points with enhanced precision. By closely following the principles discussed in the book, the Wick Reversal Indicator...
Library "lib_statemachine" simple state machine that allows tracking a state an manipulating it with conditions method step(this, before, after, condition) will step the state of the state machine from one to the next in case of condition Namespace types: StateMachine Parameters: this (StateMachine) : (StateMachine) the state machine to use ...
Library "lib_colors" offset_mono(original, offset, transparency) get offset color Parameters: original (simple color) : original color offset (float) : offset for new color transparency (float) : transparency for new color Returns: offset color
In the cryptocurrency market, there is a challenge: understanding the flow of stablecoins during market growth and downturns. It's difficult to grasp whether the market surge is due to a shift in funds from BTC or an influx of USD. Detecting the fluctuation in market capitalization of stablecoins helps investors gain a clearer perspective of market...
© CN_FX-999 Coded By Christian Nataliano First Coded In 14/06/2023 Last Edited In 22/06/2023 This Is A Default Strategy Template That Can Make Your Strategy Scripts More Organized With The Benefit Of Having The Same Layouts & Not Needing To Copy Over The Common Codes Such As Displaying Backtest Results, Opening & Closing Trades, Pine Connector Capabilities And A...
Library "CNTLibrary" Custom Functions To Help Code In Pinescript V5 Coded By Christian Nataliano First Coded In 10/06/2023 Last Edited In 22/06/2023 Huge Shout Out To © ZenAndTheArtOfTrading and his ZenLibrary V5, Some Of The Custom Functions Were Heavily Inspired By Matt's Work & His Pine Script Mastery Course Another Shout Out To The TradingView's Team...
Here is my second script. Introducing the RSI Fractal Energy Indicator. This incorporates the Relative-Strength Index and Fractal Energy as the name implies. This will help the trader identify: 1. Trend Strength: The higher the value of the indicator can indicate the strength of the trend and vice versa. 2. Reversal points: If the indicator is showing...
This script will show the close to close change on any timeframe it is set to across all the SPDR sector selectors Green colors dictate a positive close to close change on the specified timeframe. Red colors dictate a negative close to close change on the specified timeframe. When all of the values flip red or a wave of red or green begins to come over it...
Hey everyone! I got a pseudo-request a while ago for something like this, essentially the ability to track where another ticker would fall based on an alternative ticker. I did create my ticker correlation reference indicator which directly looks at the correlation between 2 tickers. However, this is an indicator that operates on the same principle but is more...
CCPS ABC is a set of top/bottom patterns based on three points. Pattern Variants/Subvariants: • UHV (Uphill Middle): The price retreats slightly and reverses to climb higher with V-shape. A downward signal of this variant points out the candle where the price might retreat again. Nonetheless, as it has been a strong uptrend with higher velocity and higher...
Library "lib_tracking" tracking highest and lowest with anchor point to track over dynamic periods, e.g. to track a Session HH/LL live and get the bar/time of the LTF wick that matches the HTF HH/LL // DESIGN DECISION // why anchored replacements for ta.highest / ta.highestbars / ta.lowest / ta.lowestbars: // 1. they require a fixed length/lookback which makes...
Library "lib_array" several array functions for chained calls, batch conversion, incrementing and comparing arrays. method sort(id, descending) Namespace types: int Parameters: id (int ) : The array to sort (and return again) descending (bool) : The sort order: order.ascending (default:false, meaning omit this param and just call...
The Volatility Compression Breakout strategy is designed to identify periods of low volatility followed by potential breakout opportunities in the market. It aims to capture moments when the price consolidates within a narrow range, indicating a decrease in volatility, and anticipates a subsequent expansion in price movement. This strategy is based on our...
Persistency of trend This script calculates how many days price has been over a Moving Average. How to use the indicator You can use it to find persistency of trend. Over a certain threshold - number of days - you will find a very strong persistency of trend that has a high probability of continuing longer than you may first expect. It's up to you to find...
This indicator serves as a guide for aggressive counter-trend trading, offering entries, a trailing stop for trade exits and a performance backtesting system (risk ratio). AC proves to be an excellent ally in assisting counter-trend entry decisions. The signals come from two different sources, and are positioned almost identically in terms of the timing of entry...
Script Description: This script is designed to provide a visual indication of the major and minor trends of an asset, along with potential buy and sell signals. It calculates two Simple Moving Averages (SMA): a longer-term 200-period SMA (Major SMA) and a shorter-term 20-period SMA (Minor SMA). The script determines whether the asset's closing price is above or...
Library "lib_unit" functions for assertions and unit testing method init(this) Namespace types: Test Parameters: this (Test) method is_true(this, expression, message) assert that expression is true, if it's false a runtime error will be thrown Namespace types: Test Parameters: this (Test) expression (bool) : The value to be...