Intro: This post introduces a Pine Script strategy, as an example if anyone needs a push to get started. This example is a strategy on ETH, obviously it isn't a good strategy, and I wouldn't share my own good strategies because of alpha decay. This strategy combines two technical indicators: Aroon and Absolute Strength Histogram (ASH). Overview: The strategy...
Custom Sessions: Multi-Timeframe Analysis & Key Level Insights Introduction: Introducing " Custom Sessions," an innovative Pine Script indicator meticulously crafted to empower traders by offering an advanced level of analysis on various global trading sessions. This tool is designed not just to highlight trading sessions but to delve deeper into the nuances...
Play Chess Puzzles right on your Chart! Daily Chess Puzzles brings you a new 1-Move chess puzzle straight to your chart every day. 🔶 USAGE Submit your answer to see if your solution is correct! For quick access to the settings, Double-Click on the Chess board to open the settings interface. The current active color (Who's move it is) is represented by...
When using bar replay mode on TradingView, you have to scroll your way back through clearly visible price history, which always leaves you with unwanted lookahead bias because you unfortunately see all future price movements before they are hidden by the use of the scissors tool. This indicator provides a simple way to hide all the price action and displays a...
Word Puzzle is a PineScript-based clone of the popular daily puzzle game called "Wordle". It is not identical, but the general gameplay is the same. >How It works (The Game) A secret word (also referred to as the "target word") is randomly selected from a database of 5 Letter words. The player/user's goal is to guess that word within 6 attempts. After each...
This indicator is designed for traders and analysts who employ Machine Learning (ML) techniques for cross-validation in financial markets. The script visually segments a selected range of historical price data into splits and batches, helping in the assessment of model performance over different market conditions. User Theory In ML, cross-validation is a...
Overview : Gamma is part of the second order of greeks which measure the sensitivity of first order greeks (Delta) to changes in factors of the underlying. Using Gamma, traders can see the potential delta hedging activity by market makers. If market makers are long gamma, they will be buying as price decreases and selling as price increases, which acts as a...
Happy Trade, here you get the opportunity to backtest any of your indicators like a strategy without converting them into a strategy. You can choose to go long or go short and detailed time filters. Further more you can set the take profit and stop loss, initial capital, quantity per trade and set the exchange fees. You get an overall result table and even a...
This script essentially creates a trading strategy that goes long when there is an EMA crossover, but only if the RSI is below a certain overbought level. It goes short when there is an EMA crossunder, but only if the RSI is above a certain oversold level. The moving averages are plotted on the chart for visual reference. SCALPING 5m Pairs: BIGTIME/USDT---...
Use this tool to plot a trading position on the chart, using the guided confirmation prompts after adding to the chart. To use this tool, after adding to the chart it will prompt for entry and exit time and entry price selection which will require using a mouse or touch screen to complete the action; the prompts appear at the bottom of the chart and are a blue...
plots a vertical line at the 10 minute mark for each hour
The Monitor X Indicator is a dynamic tool designed for any trading symbol, providing a quick and intuitive snapshot of price action relative to the latest closing level. With a user-friendly interface, this indicator allows traders to effortlessly gauge price movement and key levels. Key Features: 1. Symbol Agnosticism: Universally applicable to any trading...
Releasing this utility tool for leveraged share traders and investors. It is very difficult to track the amount of decay and efficiency that is associated with leveraged shares and since not all leveraged shares are created equally, I developed this tool to help investors/traders ascertain: 1. The general risk, in $$, per share associated with investing in a...
It's that time of the year... and what would be more appropriate than displaying Christmas-themed elements on your chart? The Christmas Toolkit displays a tree containing elements affected by various technical indicators. If you're lucky, you just might also find a precious reindeer trotting toward the tree, how fancy! 🔶 USAGE Each of the 7 X-mas balls is...
bar’s open price (open) from its close price (close). That gives the size of the bar’s body. The difference between the open and closed is the candle’s body range. The colour of a candle’s body shows the direction of prices. if Close > Open then it's Bullish Body Candle & if close < open then it's Bearish Body Candle. Stronger the interest of buyers or sellers...
Description: This indicator tracks the daily, monthly, and yearly opening, closing, highs, and lows in the stock market. It's designed to display crucial price points within different time frames, aiding traders in assessing significant market movements. Features: Daily View: Shows the opening, closing, highest, and lowest prices within each trading day. Monthly...
Do you often find yourself creating new 'strategy()' scripts for each trading system? Are you unable to focus on generating new systems due to fatigue and time loss incurred in the process? Here's a potential solution: the 'Backtesting Module' :) INTRODUCTION Every trading system is based on four basic conditions: long entry, long exit, short entry and short...
Look ahead bias is the most evil bias responsible for overestimation of the performance of the trading system. As the Bar replay feature is only available to paid users which is a great tool for manual testing of the trading system. Leaving other users prone to the evil of Look ahead bias. So that I have developed this indicator which will help users to manually...