This script is derived from Trading_Bites Power Indicator implementation of the DeMark buy/sell signal:
This indicator just implements the buy/sell signal without the other elements of that indicator. It looks for the buy/sell signal across multiple timeframes, which can be selected by the user. The idea is that if a buy/sell signal on one timeframe is good,...
The original version uses SMA, in this new version you can choose any type of MA and time frame.
- 1 min, 3 min, 5 min, 15 min, 30 min, 45min, 1h, 2h, 3h, 4h, 1d, 1w, 1M
Combine multiple time frames, this will come in handy ¡¡¡¡
Success in your trade ¡¡¡¡
This indicator is a combination of different types of moving averages where you can select which kind of moving average you want according to your need.
It consists of 10 moving averages none of which is fixed by default, you can change the properties of any MA according to your will.
I hope you all will like it.
Get higher time frame candles overlaid on a lower timeframe chart.
Add 1H candles on 1M or 1D on 30M
Overlaid candles feature wicks and multiple display options to customize appearance.
Add the indicator multiple times to get MTF (multiple time frames) all on one chart.
Take profit Multi timeframe:
In this scipts, I build risk-reward system managemant. You can take profit in two way: percent or at resistant in higher timeframe or both.
Strategy in this scripts, I use Wave trend indicator as example strategy.
Ichimoku Cloud , Multiple Time Frames, based on the script : MTF Selection Framework functions (PineCoders)
- four differents Ichimoku
- Tenkan, Kijun, Chikou and Kumo (monochrome or not)
- labels : offset from line, color if you change style and with/without abbreviation
Time Frames :
First of all, the idea of apply RSI to VWAP was inspired by XaviZ; at least, that where I first saw that.
I simply applied the idea and searched for apply this on lower timeframe (M15) to increase the number of positions and improve the profit factor.
The conditions to enter are the same :
long : enter on RSI crossover oversold level
short : enter on RSI...
This indicator displays 3 timeframes of parallel channel using linear regression calculation to assist manual drawing of chart patterns.
This indicator is not true Multi Timeframe (MTF) but considered as Alternative MTF which calculate 100 bars for Primary MTF, can be refer from provided line helper.
The timeframe scenarios are defined based on...
This indicator overlays 5 Reverse Engineered RSI (RERSI) levels on your main chart window.
The RERSI was first developed by Giorgos Siligardos in the June 2003 issue of Stocks and Commodities Magazine. HPotter provided the initial implementation - from which this script is derived - so all credit to them (see: ).
In simple terms, RERSI plots lines on the price...
WaveTrend 4h/24m is a trading tool based on two WaveTrend timeframes.
For this script the WaveTrend calculations made by LazyBear were used. WaveTrend is a widely used indicator for finding direction of an asset.
The strategy is developed by Youtuber Jayson Casper. The main strategy on the 4 hour and 24 minute timeframes, this will be the default timeframes....
Many people are watching opening price on each time axis. Opening price is very important.
This indicator displays OHLC Open as a line in multiple time frame.
If open is close to high or low, the color of the line changes.
The fact that they are close means the strength of the market flow and the firmness of that price range.
The color of the line will...
The script allows you to plot the opening, highest, lowest and closing (ohlc) values of a previous candle.
- "Time Frame" : allows you to choose the reference time frame;
- "Offset" : sets which candle to select the data from.
Ex : If you select "1 day" as the time frame and "1" as the offset, the OHLC values of yesterday's daily candle will be...
My plan with this indicator was when trading at short timeframes, to modify my expectations on the potential impact of short term volatility based on volatility in longer timeframes, and when trading on longer timeframes to attempt to find an optimal entry point based on shorter term volatility.
The BBWP is calculated for a short, medium and long timeframe,...
Very busy preparing a few stuff for Black Friday but wanted to remind that I still know Pinescript and how to step up my game :)
My master @RicardoSantos once again showed me how to push the pinescript limits one step/dimension further. Kudo also to my client (Judy) for this amazing idea.
I inspired myself from his script () to display multiple...
Triple RSI indicator where you can set the timeframe for each RSI.
Take confirmation from different timeframes to make high probability trades!
Typical settings would be,
1 Day, 1 Week, 1 Month or
1 hr, 4hr, 1 Day or
3 min, 15 min, 1 hr or.........your imagination is the only limit here!
The system uses 1 hour and 15 min timeframe data. Signals coming from 15 min Inverse Fisher Transform of SMI and stochastic RSI are confirmed by 1 hour Inverse Fisher Transform SMI, according to the following rules:
long cond.: 15 min IFTSMI crosses ABOVE -0.5 or SRSI k-line crosses ABOVE 50 while 1-hour IFTSMI is already ABOVE -0.5
short cond.:15 min IFTSMI...