Modified Mannarino Market Risk Indicator MMMRI was developed by "Nobody Special Finance" as an enhancement to the original MMRI developed by Gregory Mannarino. The original and modified version were created as a way to gauge current level of risk in the market. This published indicator includes both versions along with ability to customize the symbols,...
RedK EVEREX is an experimental indicator that explores "Volume Price Analysis" basic concepts and Wyckoff law "Effort versus Result" - by inspecting the relative volume (effort) and the associated (relative) price action (result) for each bar - showing the analysis as an easy to read "stacked bands" visual. From that analysis, we calculate a "Relative Rate of...
The Elliott Wave indicator allows users to detect Elliott Wave (EW) impulses as well as corrective segments automatically on the chart. These are detected and displayed serially, allowing users to keep track of the evolution of an impulse or corrective wave. Fibonacci retracements constructed from detected impulse waves are also included. This script...
Hello! This script "Fundamental Comparison" allows you to compare almost any fundamental metric across 40 assets; various charting methods are employable! Thank you to @TradingView / @PineCoders for providing the framework in the "Financials on Chart" indicator - thereby expediting a generous portion of work (: Features Most metrics included in the...
🔶 METHODS • Pine Script™ introduces methods ( 1 , 2 )! Much kuddos for the developers, Tradingview, and all who has worked on it! • This educational script will show the simplified way of writing built-in methods, not to create a new method. 🔹 Simplified way of writing built-in methods: · Instead of: newArray =...
Hello! This indicator (Intrabar Analyzer) presents intrabar data in various derivative forms. On-Chart Features Traditional price data down to 1 min. Heikin-Ashi price data down to 1 min. Kagi price data down to 1 min. Point & Figure price data down to 1 min. Renko price data down to 1 min. Linebreak price data down to 1 min. LinReg channel SMA ...
"Say Hi" to object oriented programming with Pinescript using types and methods. This is the beginning of new era of Pinescript where we are moving from isolated scripts containing indicator and strategies to whole ecosystem of Object Oriented Programming with libraries of highly reusable components. Those who are familiar with programming would have already...
This is an indicator that uses 6 different metrics to determine the combined probability of a recession and compares the high probability warning periods against actual historical periods of recession. GREEN tells us that the referenced recession indicators are not exhibiting any warning. Observe the long stretches of “all-green” in between recessionary periods...
Here is a simple tool to measure and display outcome of certain RSI event over heat map. 🎲 Process 🎯Event Event can be either Crossover or Crossunder of RSI on certain value. 🎯Measuring Impact Impact of the event after N number of bars is measured in terms of highest and lowest displacement from the last close price. Impact can be collected as either...
Hello All For a while I have been working on this indicator to compare financials of the companies and sort them accordingly. Finally I completed and published it. I preferred using new object type feature in Pine language™ and I hope it might be an example and helpful for the developers. First of all, as we have limitation on security calls, the indicator...
A simple indicator to help you keep track of 4 market sessions (default: Tokyo, London, New York, Sydney) in 4 different visual forms (boxes, timeline, zones, colored candles) with many other useful tools. You can choose between 4 different market sessions. The default ones are Tokyo, London, New York and Sydney but you can easily customize the times, names and...
A Population Sampled linear regression model that provides additional detail about the distribution moments (skew, kurtosis, variance and mean) as well as providing indicators that track when a pivot has enough momentum to trade on as well as expected ranges of future price action based on Std Devs. For the momentum lines -- red indicates that there has been a...
Golden Pocket This marks up the fibonacci retracement levels of 0.65 and 0.618 by default, these levels are often referred to as the golden pocket. They are known by this because when price has an impulse either to the up or downside, price will end up retracing at some point. This Golden pocket often lines up with other means of confluence where it's considered...
█ OVERVIEW A Lorentzian Distance Classifier (LDC) is a Machine Learning classification algorithm capable of categorizing historical data from a multi-dimensional feature space. This indicator demonstrates how Lorentzian Classification can also be used to predict the direction of future price movements when used as the distance metric for a novel implementation of...
— Overview Fair value bands, like other band tools, depict dynamic points in price where price behaviour is normal or abnormal, i.e. trading at/around mean (price at fair value) or deviating from mean (price outside fair value). Unlike constantly readjusting standard deviation based bands, fair value bands are designed to be smooth and constant, based on typical...
This is a fairly simple indicator for diamond notation of past hi/lo pivot points, a common method in Hurst analysis. The diamonds mark the troughs/peaks of each cycle. They are offset by their lookback and thus will not 'paint' until after they happen so anticipate accordingly. Practically, traders can use the average length of past pivot periods to forecast...
Earlier this week, published an idea on how harmonic patterns can be used for trend following. This script is an attempt to implement the same. 🎲 Process 🎯 Derive Zigzag and scan harmonic patterns for last 5 confirmed pivots 🎯 If a pattern is found, highest point of pattern will become the bullish zone and lower point of the pattern will become bearish zone. 🎯...
█ OVERVIEW This indicator displays cumulative volume delta (CVD) as an on-chart oscillator. It uses intrabar analysis to obtain more precise volume delta information compared to methods that only use the chart's timeframe. The core concepts in this script come from our first CVD indicator , which displays CVD values as plot candles in a separate...