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Strategy
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How To Use Dynamic ZonesExample of how to apply and use Dynamic Zones with an indicator by injecting it's source into my adaptation of the original idea by Leo Zamansky, Ph.D., and David Stendahl.
• Load your desired oscillating indicator on your chart (CCI, RSI, etc).
• Load my "How To Use Dynamic Zones" indicator on your chart.
• In the "How To Use Dynamic Zones" indicator settings choose your desired oscillating indicator as the Oscillator Source.
You will now have dynamic overbought and oversold levels. I have also included alerts which may be used to indicate when these conditions occur.
If desired you may repeat the above process by loading additional indicators along with additional copies of my indicator to use with each oscillator.
Oscillator Source: CLOSE uses your chosen indicator as a source or you may use price as a source
Sample Length: 70 uses number of previous values for evaluating
Hi is Above X% of Sample: 88 sets overbought zone
Lo is Below X% of Sample: 88 sets oversold zone
The simplest explanation of what these default settings are doing is that they take 70 previous values of your chosen indicator, then create an overbought level that is above 88% of those previous values and an oversold level that is below 88% of those previous values. As new bars form the levels are dynamically reevaluated and updated.
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"This investing style follows a very simple form of logic: Enter the market only when an oscillator has moved far above or below traditional trading levels. However, these oscillator driven systems lack the ability to evolve with the market because they use fixed buy and sell zones. Traders typically use one set of buy and sell zones for a bull market and substantially different zones for a bear market. And therein lies the problem.
Once traders begin introducing their market opinions into trading equations, by changing the zones, they negate the system’s mechanical nature. The objective is to have a system automatically define its own buy and sell zones and thereby profitably trade in any market — bull or bear. Dynamic zones offer a solution to the problem of fixed buy and sell zones for any oscillator-driven system."
Reference: Stocks & Commodities V15:7 (306-310): Dynamic Zones by Leo Zamansky, Ph.D., and David Stendahl
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NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
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Long Term Levels (4h, D, W, M, Q, & Y)This shows and labels the highs and lows from the previous 4h, daily, weekly, monthly, quarterly and yearly session. By default it only shows weekly, monthly and yearly. It also has an option to use small labels (M vs Monthly High) to save your eyeballs. You may need to adjust your charts right hand margin to see them properly.
Everything is shown in very tasteful shades of blue. For a faster loading version of this check my other indicators. Indicator
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Zindarra Multi Alerts Advanced (8 Symbols, 8 Levels) by RRBZindarra Multi Alerts Advanced by RRB by RagingRocketBull 2018
Version 1.0
This indicator lets you configure multiple alert levels for several assets. Zindarra Multi Alerts Advanced supports 8 symbols with 8 custom alert levels.
You can have an M:M relationship betweeen symbols and levels, for example:
- 4 symbols each boxed by 2 alerts above/below the price
- 3 symbols with 1 alert each
- 2 symbols, 1st with 2 alerts, 2nd - with 6 alerts
- 1 symbol with 8 alerts etc
There are several versions: Simple, Pro, Advanced and Ultimate. This is the Advanced version. The Differences are listed below.
- Simple: 10 Alert Levels, 1 plot mode, alert type: cross, no colors/triggered alerts
- Pro: 9 Alert Levels, 2 plot modes: plot/price line, alert type: cross, +change/swap colors, +hide/disable triggered alerts, 2 penetration modes (close, high/low), trigger on confirmed close
- Advanced: 8 Symbols/Tickers, 8 Alert Levels, +alert types: cross up/cross down, no color change. Display sources as lines/candles, normalize, scale/shift independently
- Ultimate: 5 Symbols/Tickers, 8 Alert Levels, +alert types: volume/price %/abs change, volume/ema/time cross
Features:
- 8 custom symbols, symbols:levels = M:M
- 8 custom alert levels with labels. For each alert there must be a corresponding non-empty symbol (can be a duplicate)
- alert types: cross/cross up/cross down
- normalize symbols (and alert levels) to 100% to compare,
- scale and shift each symbol (and alert levels) to position on a chart independently
- 1 alert levels plot mode: plot
- 2 symbol types: line/candles
- colorize symbol candles
- high/low or close level penetration modes
- show/hide levels/labels
- keep or auto disable triggered alerts
- trigger alerts only after a confirmed close
You will see all symbols on a single chart at the same time with their corresponding alert levels. From this chart you can manage all alerts configured for multiple assets.
Although PulseWire has 2 percentage scale modes (Percent, Indexed to 100), somehow they still fail to be usefull when comparing multiple assets.
This indicator lets you normalize all symbols to 100% making a direct single scale comparison between assets with vastly different price levels possible.
All alert levels will be normalized as well.
PulseWire does not let you move the plots attached to left scale. When scaled they all remain stuck in the center and can't be moved vertically or relative to each other.
This indicator lets you position all symbols independently using individual scale and shift settings. For example, you can:
- split your screen in 3 horiz areas and have a symbol in each of them without overlapping or
- have several partially overlapping assets with different scale each or
- have all assets fully overlapping and normalized to the same 100% scale
You have to manually create an alert in Manage Alerts Panel and configure it to use with this indicator.
Free accounts are limited to only 1 alert slot and this indicator will take it (any existing alerts must be disabled/stopped).
Once the alert is configured, the indicator can be removed from chart to free a slot for another indicator, but you won't see the alert levels.
Usage:
1. attach indicator to a chart
2. define alert levels in UI settings
3. in PulseWire's Manage Alerts panel on the right:
- for free accounts: disable/stop all existing alerts, you are limited to 1 alert slot only. Otherwise you won't be able to save.
- create a new Alert:
- select 'Multi Alerts' indicator name in the Condition dropdown box, leave Level 1 and Multi Alerts Cross as default options
- select 'Once Per Bar' or 'Once Per Minute' instead of 'Only Once' to trigger the alert multiple times
5. click Save. Your 9 alerts are enabled now.
Change Settings:
1. change levels/settings in UI. Any changes will also reset already triggered levels visibility.
2. in Manage Alerts panel:
- open/edit the alert you created
- select new instance of 'Multi Alerts' indicator name in the Condition dropdown box (appears at the bottom)
- check the Condition dropdown again - a single instance should remain selected.
3. click Save. Your alert settings are updated.
Notes on using alerts:
- attaching this indicator to a chart and configuring alert levels will not automatically enable the alerts - you have to manually create/configure a new alert in the Alerts Panel
- removing this indicator from chart will not disable the alerts, you have to manually disable the alert you created in the Alerts Panel
- your alert in the Alerts Panel uses another instance (copy) of indicator/settings. Any changes won't affect the alert. You have to manually update the alert every time you change any settings in the indicator.
- recompiling and attaching your own version of indicator will require creating a new Alert (delete the old one).
- alerts are designed to work in realtime. In replay mode you will see triggered alert levels hiding/changing colors but there will be no system alert messages. It's best to test the indicator in realtime on M1 (1 min) chart
- you will only see 1 system alert per bar/60 sec when multiple alert levels are crossed with a single bar or across several symbols at the same time. However all of these levels will hide in the indicator as expected.
- you can only see the alert levels when the indicator is attached to chart, they are not shown by the system alert.
- For source=high/low a directional level penetration is used automatically (crossunder/low and crossover/high). For source=close a standard bidirectional cross is used unless another alert type is specified.
- normalization breaks/distorts alert levels and symbol price - this is normal and is expected. To view the real price of alert levels uncheck normalize - the first 8 outputs are alert levels. Unnormalized levels are straight lines.
- you will see alerts from all symbols in the system alert message box of the current symbol - a bit confusing, but there's no workaround, you can't have a customized alert message for each symbol/level
- many tickers as arguments can stretch/break PulseWire's Create New Alert dialog but it's still possible to push all required buttons and Save.
- duplicate symbols will be displayed by default. You can manually hide duplicates using show/hide flags.
- empty tickers (and corresponding alerts) are essentially disabled
1. uses plot*, cross*, barssince, highest, security, alertcondition
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Zindarra Multi Alerts Pro (9 Levels) by RRBZindarra Multi Alerts Pro by RRB by RagingRocketBull 2018
Version 1.0
This indicator lets you configure multiple alert levels for an asset. Zindarra Multi Alerts Pro supports 9 custom alert levels.
You have to manually create an alert in Manage Alerts Panel and configure it to use with this indicator.
Free accounts are limited to only 1 alert slot and this indicator will take it (any existing alerts must be disabled/stopped).
Once the alert is configured, the indicator can be removed from chart to free a slot for another indicator, but you won't see the alert levels.
If you want 10 alert levels and don't need colors and Pro features - use Multi Alerts Simple version instead.
Features:
- 9 custom alert levels with labels
- 2 plot modes: plot and price line
- high/low or close level penetration modes
- show/hide levels/labels
- change color based on level position above/below price
- keep or auto disable triggered alerts
- trigger alerts only after a confirmed close
- swap level colors
Usage:
1. attach indicator to a chart
2. define alert levels in UI settings
3. in PulseWire's Manage Alerts panel on the right:
- for free accounts: disable/stop all existing alerts, you are limited to 1 alert slot only. Otherwise you won't be able to save.
- create a new Alert:
- select 'Multi Alerts' indicator name in the Condition dropdown box, leave Level 1 and Multi Alerts Cross as default options
- select 'Once Per Bar' or 'Once Per Minute' instead of 'Only Once' to trigger the alert multiple times
5. click Save. Your 9 alerts are enabled now.
Change Settings:
1. change levels/settings in UI. Any changes will also reset already triggered level colors/visibility.
2. in Manage Alerts panel:
- open/edit the alert you created
- select new instance of 'Multi Alerts' indicator name in the Condition dropdown box (appears at the bottom)
- check the Condition dropdown again - a single instance should remain selected.
3. click Save. Your alert settings are updated.
Notes on using alerts:
- attaching this indicator to a chart and configuring alert levels will not automatically enable the alerts - you have to manually create/configure a new alert in the Alerts Panel
- removing this indicator from chart will not disable the alerts, you have to manually disable the alert you created in the Alerts Panel
- your alert in the Alerts Panel uses another instance (copy) of indicator/settings. Any changes won't affect the alert. You have to manually update the alert every time you change any settings in the indicator.
- recompiling and attaching your own version of indicator will require creating a new Alert (delete the old one).
- alerts are designed to work in realtime. In replay mode you will see triggered alert levels hiding/changing colors but there will be no system alert messages. It's best to test the indicator in realtime on M1 (1 min) chart
- you will only see 1 system alert per bar/60 sec when multiple alert levels are crossed with a single bar. However all of these levels will hide/change color in the indicator as expected.
- plot modes: price line - changes color of the whole level, style is not configurable; plot - changes color of a level's segment after each cross, configurable style
- you can only see the alert levels when the indicator is attached to chart, they are not shown by the system alert.
- For source=high/low a directional level penetration is used automatically (crossunder/low and crossover/high). For source=close a standard bidirectional cross is used. Colors always change above/below close.
1. uses plot*, cross*, alertcondition
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Earnings Support and Resistance Levels [NeoButane]Inspired by @LazyBear's/@timwest's script:
Usage: support and resistance levels based on averaging price around earnings and quarterly opens.
What it is plotting:
1. A horizontal level whenever earnings occur. If actual earnings is higher than estimated, the line turns green, else red.
2. A horizontal level every quarterly open, colored black.
3. An average between the two mentioned above, colored orange.
4. 5% moves away from 3M open and earnings
5. Misc: 5% move away from that 5% move away, then 10% move away from the 2nd 5% move away.
By default, 4 and 5 are off to reduce visual noise.
Idea: Traders panic around certain dates that always happen, and traders always panic in the wrong direction. The market is composed of traders trading in the wrong direction at the same time, all the time. That means price will bounce back and forth as the gambling dens colloquially known as 'forex brokerages' or 'stock exchanges' take your money in the form of fees, time, and liquidations. So I put two lines on the chart and put one right in between, because it always goes back. I hope you can find it useful!
Note: This was a part of the old fundamental data indicators and is not officially for use, so while it should work on most U.S. stocks and a couple of other exchanges, it is not perfect. Indicator
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