Percentage-Level(+%/-%)[LionTrader_]Percentage-Level (+%/-%) by LionTrader_
is a highly efficient and clean technical indicator designed to automatically plot dynamic price levels based on custom percentage offsets. It provides traders with a direct visual representation of percentage-based expansions, making it easier than ever to see exactly when price action reaches or breaks through key structural thresholds.
A major advantage of this tool is its multi-tiered structure, allowing you to track up to three independent levels simultaneously . This flexibility is perfect for identifying multiple price targets, managing scaling strategies, or monitoring different layers of support and resistance.
The indicator features separate long and short controls, giving you the freedom to customize the exact percentage distance, the base price source, and the validation criteria for both the upside and the downside independently.
To keep your charts clean and readable, it utilizes smart visual feedback. The plotted levels remain thin and semi-transparent in the background during normal price action, but they instantly turn thick and brightly colored once your chosen invalidation source, such as the candle high or low, breaches the level.
Additionally, the script ensures excellent chart organization by using clean step-lines and optional cross markers that highlight the exact execution points where a level was triggered. This makes it an incredibly reliable, no-nonsense tool for anyone who bases their trading decisions on fixed percentage movements or requires clear, automated invalidation levels on their charts.
I hope you like it
your LionTrader_🦁 Indicator
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ChArt Path"ChArt Path" shows the same datas as the candles, but as a channel, instead of individual candles.
It allows to focus on the direction of the price (instead of wondering the meaning of each candle), which hopefully simplifies the analysis, and reduces the confusion.
Also, it is artistically customizable!
A little time might be necessary to get used to this indicator.
NOTES FOR INSTALLATION:
- Japanese candles might be more expressive than Heiken Ashi, with this indicator.
- Hide the candles in the chart settings (right click on an empty space in the chart, then "Settings", "Symbol", and uncheck "Body", "Borders" and "Wick").
- Add "ChArt Path" to the chart.
- In the indicator's settings, choose the options you prefer. The Advanced setting are tuned by default for dark themes (bgcolor: black/#0a0c12). Feel free to make them your own!
HOW TO READ THE CHART?
- The path is between 2 borders (black by default) that represent the body of the candle (without the wicks).
- The wicks are represented around the path, as a gradient. This makes a price rejection very easy to spot, as a spike for ex.
SETTINGS
The standard settings are simple. You can pick 2 colors (bullish and bearish) for the path. And 1 color for the wicks.
The advanced settings let you customize the wicks' colors and opacity. You can also activate the gradient of volumes inside the path, to indicate the volume behind each candle.
HOW TO USE CHART PATH?
I use it on 2 timeframes (direction/entry), both with FREMA Trend (See below).
When there is a wick spike (price rejection), followed by an arrow signal in FREMA Trend, then there might be an opportunity. I look for confirmations from different origins, like volume, momentum, and cycles.
DO NOT BASE YOUR TRADING DECISIONS ON 1 SINGLE INDICATOR'S SIGNALS.
Always confirm your ideas by other means, like price action and indicators of a different nature.
NOTES ABOUT THE GRADIENT OF VOLUMES:
The more intense is the color, the bigger is the volume.
The unit is a 400 periods moving average of the volumes, considered as 1 volume.
Each color represents half of this volume. For ex: Grays indicate under (or equal) to the 400 MA (low volumes). Bright yellow represents above 7 times the 400 MA (very high volumes).
When there's no available volume datas, the candles turn bright green by default. Indicator
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Moving Average Ribbon [TheBearFighter]
This code was written using:
•Pine Script Coding Conventions.
This script provides a very useful tool for new community users and professionals. It puts at your disposal a Moving Average Ribbon by hand to graph and easily find the ones with the highest performance. The creation of this script was motivated because in free PulseWire accounts there is a limit of 3 indicators by chart, and with this tool you can draw up to 32 MA's at the same time!
Choose one of 10 types of MA´s:
•KAMA Kaufman's moving average.
•HULL Hull moving average.
•TEMA Triple exponencial moving average.
•LSMA Least square moving average.
•DEMA Double exponencial moving average.
•ALMA Arnaud Legoux moving average.
•WMA Weighted moving average
•EMA Exponencial moving average.
•VWMA Volume Weighted moving average.
•SMA Simple moving average.
Use the tooltips to know the lengths of MA´s.
A main characteristic of the script is that the lengths are in days but when changing the lowest timeframes, the same daily resolution is maintained. This gives us extreme precision in intraday timeframes, e.g 30 minutes.
Once this is understood, we can turning the MA´s on/off, and changing the timeframe to our liking.
Available timeframes: M, W, D, 4H, 1H, 30m, 15m, 5m.
Also the MA´s are colored for easy visualization and know if they grow or decrease.
Thank´s to @midtownsk8rguy to let me know more about HEX colors.
Thank´s to @HPotter for his KAMA.
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SVA - Simple Volume Analyzer, by BlueJayBird [bjb] ENGLISH & SPANISH
------------------------------------- ENSLIGH
The idea was initially inspired in the concepts shared by @LazyBear on his indicator "Better Volume Indicator" (). But I found it somewhat complicated and dull. So I came up with this.
Concept:
It changes the color of volume bars based on surrounding volume changes.
Volume changes are plotted as volume MAs lines in the volume pane.
Whenever the volume is higher than these MAs, the bar changes color.
For this reason, the bar color change is RELATIVE TO the surroundings, because the color change depends on how far the MA has been extended due to sudden (or not) changes in the volume.
BAR COLORS:
Weak Green and Red: Low volume. The calm before or after the storm.
Normal Green and Red: Mid volume. Still low volume, you may get bored.
Yellow: High volume. Players are playing hard and harder.
White: Ultra-High Volume. The elephants stepped in.
NOTES:
SVA works better at lower timeframes. Though as far as I can tell, it works pretty well as far as 1D timeframe.
------------------------------------- SPANISH
La idea estuvo inicialmente inspirada en los conceptos expuestos por @LazyBear en su indicador "Better Volume Indicator" (). Pero lo encontré un poco complicado y falto de claridad. Así que me inventé este.
Conceptp:
Cambia el color de las barras basándose en los últimos cambios de volumen.
Los cambios de volumen son ploteados como lineas de medias móviles (MAs, es decir "Moving Averages") en la sección del volumen (chart pane).
En cualquier momento que el volumen es mayor que estos MAs, el color de las barras cambia.
Por esta razon, el cambio de color de las barras es RELATIVO a lo que está sucediendo alrededor, ya que el cambio de color depende de qué tan lejos el MA se haya extendido por causa de los últimos cambios (o no) de volumen.
BAR COLORS:
Verde y rojo apagados: Volumen bajo (Low Volume). La calma antes de la tormenta.
Verde y rojo normales: Volumen medio (Mid volume). Volumen todavía bajo. Es posible que te aburras.
Amarillo: Volumen alto (High Volume). Los jugadores están jugando duro.
Blanco: Volumen ultra-alto (Ultra-High Volume). Los elefantes entran a la cancha.
NOTAS:
SVA funciona mejor en temporalidades menores. Pero por lo que he visto, funciona bien hasta la temporalidad de 1D.
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Ultimate VolumeThis script can display a lot of different volume statistics. It also colours bars depending on a chosen, customisable criterion. Most options are disabled by default and can be reenabled in the settings menu.
FAQ
Why are the bars slightly higher than the default volume bars?
Due to the limitations of Pinescript.
What are the two last values (including the one in white?)
They're there due to the limitations of Pinescript. It used to be possible to prevent certain values from being plotted, but still display them as indicator values, but the functionality of that option was changed and is now WIP so until it's restored, these values are necessary to scale the bars properly.
Why are the percentages formatted as volume?
Due to the limitations of Pinescript.
Why are there so many options?
I don't know. They sort of happened. But you don't have to switch them on.
What is money volume?
It's an average of the bar price multiplied by the bar volume .
Why does the daily average volume display different values than the standard sma volume?
Because mine doesn't take into account the current day. So it doesn't fluctuate intraday. Which, I think, makes more sense.
What is total volume?
It's a sum of the total volume for that day and is reset on the next. This option only works with intraday timeframes.
What is average 1 bar intraday volume?
It's the average volume for 1 intraday bar, based on the current day's values only. Obviously, it only works intraday and changes dynamically. It's not an SMA , it's a simple average of all bars for a given day.
What is all-time 1 bar intraday volume?
It's the average volume for 1 intraday bar, but based on the whole chart's history. It's impossible to select a length for this, again, because of certain limitations.
What is short volume?
It is approximately 1/3rd of the actual short volume , due to the limitations of FINRA. It's multiplied by 3 in the script and it may be not entirely accurate. The short volume % is calculated differently, using the 1/3rd of short and total volume from FINRA.
What are the default threshold values?
They are 150%, 200%, 1000% of the average for the average bar volume and all-time average bar volume options, 10%, 50%, 100% for the average daily volume option and 100K, 500K and 1M for the volume option. Indicator
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Modular Filter - Spot Trends And Smooth PriceIntroduction
This indicator can have a wide variety of usages, and since it is based on exponential averaging then the whole indicator can be made adaptive, thus ending up with a really promising tool. This indicator who can both smooth price and act as a trailing stop depending on user preferences, i tried to make it as reactive, stable and efficient as possible in order to both smooth and spot trends, lets view it more in depth.
The Indicator
line 8 and 9 create two bands, one upper and one lower, then based on certain conditions the indicator will only return a certain band or an average of both with different weights, this weight is controlled by the beta parameter, values of 1 will return a simple filter while values of 0 will return a classical trailing stop.
beta = 0
The indicator can use output values as input, thus using smoother values as input, in order to do so just check "Feedback", this help the overall output to be smoother as well as giving more long terms signals
The amount of feedback is controlled by the feedback weighting parameter, lower values will weight more the output values thus creating smoother results.
Feedback weighting of 0.2
Using beta = 0 thus having the indicator act as a trailing stop while having the feedback option activated return more long terms signals. Notes that the colors are based on the initial conditions of the indicator.
Conclusion
You can replace length and change alpha for any smoothing variable such as the efficiency ratio or anything with scale (1,0), same goes for beta and the feedback weighting parameter, this is why the indicator is "Modular" in addition of providing different usages. This indicator can look like cluster filters (smooth price monarch, forexguru) , filters with the ability to follow the price quite fine while being stables. I really hope you find an use to it.
Thanks for reading !
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Colored Columns for Elder's Force Index EMAThe Elder's Force Index is an oscillator that takes into account the change of the price combined with the volume:
EFI = (close of the current day - close of the previous day) * volume of the current day
If measure the force of the price change.
If you calculate the exponential moving average of the last two days to smooth the signal EMA(EFI,2), you have a nice buy/sell indicator in the context of the "Elder Triple Screen Method":
- If you are in a long term uptrend (for example ema(13) going up), you have a buy signal if EFI(2)<0, because then you have a short term downtrend in a long term uptrend. Put a "stop buy" a bit higher in case the long term uptrend continues.
- If you are in a long term downtrend (for example ema(13) going down), you have a sell signal if EFI(2)>0, because then you have a short term uptrend in a long term downtrend. Put a "stop sell" a bit lower in case the long term downtrend continues.
This graph shows you colored columns for the EMA(EFI,2), which is more visible than the one-color indicator provided by default by TV.
You can also display the EFI itself on top of the columns. (optional, I personaly do not use it)
PS: ema(13) is to make the explanation simple. Personaly, I use MACD histogram on a weekly view to define if I am on a long term uptrend or downtrend. Indicator
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