NinjaTrader is a popular charting software widely used for trading analysis and execution in financial markets such as stocks, futures, and forex. It provides rich features and tools to assist traders in technical analysis, trade strategy development, and trade execution. When I discovered a built-in channel technical indicator in NinjaTrader and became interested...
The Market Facilitation Index (MFI) is a technical indicator that measures the ease with which the market is able to move based on the volume traded. It was developed by Dr. Bill Williams as part of his trading system. The MFI is calculated by taking into account the difference between the current typical price (average of high, low, and close) and the previous...
The Nadaraya-Watson Envelope is a statistical technique used in finance and time series analysis. It is derived from the Nadaraya-Watson estimator, which is a non-parametric regression method. In the context of the tradingview pine script provided, the Nadaraya-Watson Envelope is calculated based on the Volume Weighted Exponential Moving Average (VWEMA). The...
The Volatility Quality Index (VQI) is an indicator used to measure the quality of market volatility. Volatility refers to the extent of price changes in the market. VQI helps traders assess market stability and risk levels by analyzing price volatility. This introduction may be a bit abstract, so let me help you understand it with a comparative metaphor if you're...
This pine script that creates a custom indicator called the Inverted VixFix Indicator with RSI Scaling. This indicator combines two well-known technical indicators - the VixFix and the RSI - to create a more comprehensive view of market conditions. The VixFix is a technical indicator that helps identify market trends and volatility. It is based on the highest...
Zero Lag Hull Moving Average (ZLHMA) is a technical indicator that is based on the principles of Zero Lag Hull Moving Average (HMA). It is designed to provide a smoother and more accurate representation of price trends by reducing lag and improving the responsiveness of the moving average line. Compared to traditional moving average lines, the Zero Lag Hull...
The volatility indicator (Volatility) is used to measure the magnitude and instability of price changes in financial markets or a specific asset. This thing is usually used to assess how risky the market is. The higher the volatility, the greater the fluctuation in asset prices, but brother, the risk is also relatively high! Here are some related terms and...
Hey there! I previously wrote an article about the Larry Williams ViX Fix technical indicator. Soon after, friends from the TradingView community told me that this indicator could be combined with the Risk Assessment indicator I wrote about earlier to determine when to go long or short. At the time, I found it a bit cumbersome to use both indicators together, so I...
Tilson T3 Moving Average (T3MA) is a type of moving average line designed to reduce lag and improve the accuracy of trend identification. It is based on a combination of multiple smoothed moving averages, with each subsequent smoothed moving average having a higher weight than the previous one. The T3MA formula includes three different smoothing coefficients and...
This is a code snippet written in the Pine programming language for TradingView platform. It is an implementation of a custom technical indicator called "L1 Magic Moving Average". Moving averages are widely used in technical analysis to identify trends and reversals in the price of an asset. The idea behind moving averages is to smooth out the price data by...
Guppy Multiple Moving Average (GMMA) is a widely used technical analysis tool that can help traders identify price trends, determine entry and exit points, and identify signals of price reversal. The inventor of GMMA is Daryl Guppy, an Australian trader and technical analyst who developed this technical analysis tool in the late 1980s and early 1990s. GMMA is...
Level : L1 Larry Williams, had this idea to create a synthetic VIX for more than just the main stock indices. Check out the formula for Williams VixFix: ``` VIX Fix Formula = (Highest(Close, 22) – Low) / (Highest(Close, 22)) * 100 ``` What does this even mean? In normal person terms, here's what it's all about: 1. Find the highest close over the last 22 days...
Level: L4 Function Description: The L4 Adaptive Hull Suite 4H aims to help traders identify trend reversals and trade signals using various moving averages and indicators. The script is designed to be adaptable and customizable, allowing traders to tweak the settings to suit their individual preferences and trading styles. At its core, the script uses the...
The Choppiness Index is a technical indicator that is used to measure market volatility and trendiness. It is designed to help traders identify when the market is trending and when it is choppy, meaning that it is moving sideways with no clear direction. The Choppiness Index was first introduced by Australian commodity trader E.W. Dreiss in the late 1990s, and it...
The MACD and RSI fusion is a popular technical analysis strategy used by traders to identify buy and sell signals in the market. The strategy makes use of two popular technical indicators, the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), and combines them to create a powerful trading signal. The MACD and RSI fusion was...
Level 1 Background It just so happens that I need some functions that can convert between the Series data type and the Array data type. Function Series is a unique data type of TradingView. By operating Series data, the algorithm can be simplified, which is very convenient. However, in high-level languages, Array is a basic data type that provides great...
Level 2 Background Barbara Star’s article on July 2023, “Stay On Track With The Supertrend Indicator”, I rewrote it as pine script for your information. Function A supertrend indicator is displayed either above or below the closing price to signal a buy or sell. The indicator changes color depending on whether you should buy or not. When the Supertrend...
Level 1 Background Vitali Apirine published an article of “The Stochastic Distance Oscillator” on June 2023. I rewrite it for pine script. Function Vitali Apirine offers a new twist on the classic stochastic oscillator, which he calls "Stochastic Distance Oscillator" (SDO). The SDO is an impulse study that shows the size of the current range versus the...