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📈 The indicator is similar to PinBar, but differs in that it does not look at the previous trend, but just shows the spires (pins) on the chart. There are no special settings.
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HTML Code:
#thinkscript indicator: Pin.
#It shows the spires "Pins" on the chart
#by thetrader.top
def low25 = ((high - low) / 100) * 25;
def bSignalDown = open[1] > close[1] and high-open < low25 and high-close <low25;
def bSignalUp = open[1] < close[1] and open-low < low25 and close-low<low25;
plot down = if bSignalDown then high else double.NaN;
plot up = if bSignalUp then high else double.NaN;
up.SetPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_up);
down.SetPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_down);
up.setDefaultColor(color.LIGHT_green);
down.setDefaultColor(color.LIGHT_red);
📈 The "Pin Bar" indicator shows with arrows on the chart the situation when "Pin Bar" is drawn after a certain trend (the most probable signal for reversal).
⚙ Settings. Inputs: The ratio of the total length of a candlestick to the candlestick body (i ratio: 2.5) and the number of bars - trends before the PinBar (i-bars: 2).
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HTML Code:
#thinkscript indicator: Pin_Bar.
#Draws the Pinbars on the chart following the trend.
#by thetrader.top
input iRatio = 2.5; #candle length-to-body ratio
input iBars = 2; #trend number of bars
def iTelo=absValue (close-open);
def bPinUp = (((high - low)/(iTelo)) >iRatio) and high > high[1] and low>low[1] and max(open,close)<high-((high-low)/2);
def bPinDown =(((high - low)/(iTelo)) >iRatio) and high < high[1] and low<low[1] and min(open,close)>low+((high-low)/2);
def bTrendUp = fold TUbar = 1 to iBars+1 with TUsumm=1 do if (close[TUbar]-open[TUbar]>0) then TUsumm*1 else TUsumm*0;
def bTrendUp2 = fold TUbar2 = 1 to iBars with TUsumm2=1 do if (high[TUbar2]==highest(high[TUbar2],iBars)) then TUsumm2*1 else TUsumm2*0;
def bTrendDown = fold TDbar = 1 to iBars+1 with TDsumm=1 do if (open[TDbar]-close[TDbar]>0) then TDsumm*1 else TDsumm*0;
def bTrendDown2 = fold TDbar2 = 1 to iBars with TDsumm2=1 do if (low[TDbar2]==lowest(low[TDbar2],iBars)) then TDsumm2*1 else TDsumm2*0;
def bSignalUp = bPinUp and bTrendUp and bTrendUp2;
def bSignalDown = bPinDown and bTrendDown and bTrendDown2;
plot up = if bSignalUp then high else double.NaN;
plot down = if bSignalDown then high else double.NaN;
up.SetPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_down);
down.SetPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_up);
up.setDefaultColor(color.LIGHT_red);
down.setDefaultColor(color.LIGHT_green);
I am new to thinkscript and try to write my first study after searched in the net.
The script below, the 2nd part is trying to plot arrows. But this messes up the plot. Can somebody help me out here?
The target is to have a green up arrow if the SlowK is coming out of the Oversold, and a red down arrow if it comes down from oversold.
Thanks a lot!
📈 The indicator shows signals with arrows in the chart when such a candlestick pattern appears.
⚙ The arrows are adjustable.
________
HTML Code:
#thinkscript indicator: Revers.
#Shows the pattern of "reverse reversal"
#by thetrader.top
def bSignalUp = high[1]>high[2] and close[1]>high[2] and open>high[1] and close<close[1];
def bSignalDown = high[1]<high[2] and close[1]<low[2] and open<low[1] and close>close[1];
plot up = if bSignalUp then high else double.NaN;
plot down = if bSignalDown then high else double.NaN;
up.SetPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_down);
down.SetPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_up);
up.setDefaultColor(color.LIGHT_red);
down.setDefaultColor(color.LIGHT_green);
📈 The indicator shows an inscription in the upper left corner of the chart on certain parameters of the action. Grey readings during the day are static (almost unchanged), while bright green readings change (dynamic).
⚙ Inputs are available: the average volume for 14 days, atr for 65 days, volume play indicator, atr play indicator and the current volume indicator (volume).
________
Alligator and Fractals indicator
📈 The Alligator and Fractals indicator is drawn on the chart. If you trade on this strategy, then this indicator is for you.
⚙ The type of price is adjusted, according to which the periods of the lines, the offset of the Alligator lines and the period (type) of averaging for the lines are calculated.
HTML Code:
#thinkscript indicator: FractalsAlligator.
#Shows fractals and alligator.
#by thetrader.top
input price = hl2;
input l1 = 13; # jaw period
input l2 = 8; # tooth period
input l3 = 5; # lips period
input disp1 = -8; # jaw displacement
input disp2 = -5; # tooth displacement
input disp3 = -3; # lip displacement
input averageType = AverageType.WILDERS;
plot Jaw = MovingAverage(averageType, price[-disp1], l1);
plot Teeth = MovingAverage(averageType, price[-disp2], l2);
plot Lips = MovingAverage(averageType, price[-disp3], l3);
Jaw.SetDefaultColor(Color.BLUE);
Teeth.SetDefaultColor(Color.RED);
Lips.SetDefaultColor(Color.GREEN);
def FractalUp = high[-2]<high[-1] and high[-1]<high[0] and high[0]>high[1] and high[1]>high[2];
def FractalDown = low[-2]>low[-1]and low[-1]>low[0]and low[0]<low[1]and low[1]<low[2];
def bSignalUp = FractalUp ;
def bSignalDown = FractalDown;
plot up = if bSignalUp then high else double.NaN;
plot down = if bSignalDown then high else double.NaN;
up.SetPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_down);
down.SetPaintingStrategy(paintingStrategy.BOOLEAN_ARROW_up);
up.setDefaultColor(color.LIGHT_red);
down.setDefaultColor(color.LIGHT_green);
📈 Indicator is used by traders, often as an additional tool designed for intraday trading and showing a weighted average volume price. You should keep in mind that the fewer touches per day with VWAP, the better and more accurate the data will be displayed.
⚙ The chart is possible to build on weekly, daily, hourly data. The report of points on the basis of which the curve is built is carried out from the beginning to the end of a certain selected period.
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Bob.
When one door closes, another opens.
-- Cervantes, Don Quixote
