Description
These are my Pine Script indicators free to use. If you find any of my code helpful for your projects, I'd appreciate a donation, and a reference to my work in your projects.
My personal Telegram channel: t.me/zettt_trading
Bitcoin: bc1q77mmp5uzehkuafkwjcrlah5260895jf0szplsz
Installation
- Open the Pine Editor on TradingView.
- Paste the script code in raw format into the editor.
- Click Save and/or Add to Chart.
The indicator is saved under My Scripts in the Indicators & Strategies menu.
Hardcoded Moving Averages:
This is indicator adds 5 moving averages to your chart. These are hardcoded to a specific time interval. Using this indicator you can set your moving averages to be based on the daily. When you are charting the hourly, you can always keep an eye on the daily. This way you don't have to switch between time frames constantly.
There's also a menu, which allows you to switch between different variants of moving averages. Simple, exponential, volume, weighted, and Hull moving averages are availabe.
RSI-VWMA
RSI on a volume-weighted moving average.
Peak Reversal
This indicator is supposed to help traders identify potential market reversal points. Please note this is not a buy/sell indicator!
Peak Reversal is an indicator, which can be used as an early identification for a reversal, or a reversion to the mean. In mean reversion we try to find the bar where we can be certain a reversal is in play, as opposed to the proverbial knife catch. Peak Reversal helps by identifying the bar that actually reversed trend. As you can see it is often accurate, but as you can tell, one has to be careful applying this indicator to their trading, as the trend can just continue onwards.
Additionally Peak Reversal uses the same Keltner channels it uses to identify reversals also as breakouts. By default the breakout indication is off, because the chart gets messy otherwise. You can turn it on manually in the settings. When these triangles appear, you can interpret the bars as potentially starting a strong trend. What you don't want to see is a rejection X followed by a breakout triangle obviously.
Note that by default the coloring is very subdued. That's just a personal preference. You can adjust to yours in the settings.
Stochastic
Stochastic with thicker lines when %K, and %D are above the user defined up and down thresholds. Otherwise it's the same script from TradingView. Personally I don't like the purple background fill, so it's 100% transparent. Adjust if you don't like it.
DMI
A slight variation on the standard TradingView DMI indicator. This one shows trend zones visually through color variation. Other than that doesn't have any other fancy features. I might add some like trend strength indication or something along those lines. Because this is seen as "not useful" by TradingView, it can't be published on TradingView.
VuManChu Cipher A
The original Market Cipher A is an indicator which copied several other indicators, and merged them into one indicator. VuManChu (and several others mentioned in the source code) did great work on uncovering this fraud, and providing an open source version of Market Cipher A. Personally I have some problems with the original Market Cipher A, as its signals are either a) confusing, b) too many, c) serve no value, or d) all together. As per my implementation this version adds few original new features, and generally just tries to clean up the code, as well as make the indicator a lot more usable. Please keep in mind that I may not update the code any further, but if it scratches my itch, I might. You can submit feature requests on this site or on my Telegram channel mentioned above.
New features mainly include:
- Gives short signals now too. Almost all signals that were only available on the long side, are now also available for shorts.
- Removes a lot of cruft. Many of the original signals only added lots of crosses, triangles, and whatnot to the chart, which were either contradicting or nonsensical. This is not a fault of VuManChu or anyone involved in open-sourcing Cipher A, but rather the misunderstanding of the original creator (Crypto Face) in technical analysis. So while this version adds signals for bears now too, most of these signals are hidden by default, because, as mentioned, they serve not much purpose. Feel free to turn them on from the settings. I did not yet come around to fully implement where these signals are displayed, and color them for down and uptrends appropriately.
- Updated UI: I used my UI design skills to give the indicator an updated look. For example using linewidth 1 instead of 2 because moving averages are too thick on modern versions of TradingView. The colors are also a lot more subtle, and use the current TradingView color palette.
- Updated alerts: Cipher A implements alerts the short alert now too, and you can even set one alert that fires for long, as well as the short signal. I recommmend setting "Condition = Cipher A", "Long/Short Signal", "Options = Once per Bar Close".
Super SuperTrend
Inspired by a YouTube strategy, this indicator uses three SuperTrend indicators for long/short signals. The plots are off by default.
