Precious Metal RatiosThis is a script that shows the ratios of precious metals, including Gold, Silver, Platinum, Palladium, Copper, Aluminum, and Steel.
You can choose your desired base currency and quote currency. The default ratio is Gold/Silver, where Gold is the base currency and Silver is the quote.
To use, just select your current timeframe from the menu.
Includes an option for repainting -- default value is true, meaning the script will repaint the current bar.
False = Not Repainting = Value for the current bar is not repainted, but all past values are offset by 1 bar.
True = Repainting = Value for the current bar is repainted, but all past values are correct and not offset by 1 bar.
In both cases, all of the historical values are correct, it is just a matter of whether you prefer the current bar to be realistically painted and the historical bars offset by 1, or the current bar to be repainted and the historical data to match their respective price bars.
As explained by PulseWire,`f_security()` is for coders who want to offer their users a repainting/no-repainting version of the HTF data.
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Fast ROI checker 50% Gann RetracementThis script is based on the Gann's 50% Retracement rule.
First, the ATH (All Time High) and ATL (All Time Low) are calculated; then, the 50% retracement level is found.
With this 50% level, we'll calculate the maximum price entry to keep a ROI which is set in the parameters.
For exemple, I only want to buy assets which can make a x16 before the 50% retracement , the script will calculate the maximum entry to respect this ROI .
If the Max entry price is above the ATL , the line will be green; if not, the line will be red.
To faster the search in the watchlist, when the price is between the Max Entry line and the ATL line, the background is painted in green.
It's not an investment strategy, you have to find your proper indicators to make purchases.
Enjoy ! Indicator
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LotSizeCalc_v1 (EUR)Hey there,
here I like to publish my first PulseWire Script for the Indicator "LotSizeCalc" which calculates the LotSize for the currency '€' for e.g. the MT4-App depending on the following parameters:
- Stop Loss in pips (example: 30 pips)
- Account Balance in EUR (example: 500€)
- Risk in % (example: 1%)
It is very similar to the MyFxBook Calculator on their website, where you can compare the results for the lotsize.
You receive the calculated value next to the indicator, and - for mobile device - it also shows a label with the calculated lotsize (which you can deacivate via settings if you like).
The indicator works for the included common foreign Forex pairs (AUD, CAD, CHF, JPY, JPY, GBP, NZD, USD) in order to calculate the risk to a EUR-Trading Account.
Actually, the Script allows in general some adaptations due to your trading system. This one is the most basic version.
Happy pips and I wish you safe and risk-calculated trading!
Marcel :) Indicator
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Murreys Math Lines Box OR Ratio PivotsI'm publishing my second script, though nothing extraordinary, I believe there is user group for Murry Math indies and the only "proper one" (According to my usage) I found was of RicardoSantos, here is the link :
He developed that script in 2014 and it is in need of update to Pine V4 and I'm doing the needful as its user.
All the updates from my end are listed below:
1. Updated to Pine V4
2. Automatic octave selection
3. In auto mode one can switch octave
4. This script is color coded with intention of use on dark theme, one can change the colors to use it on white background with simple few clicks as pinelines have been used
Other thing I want to add is that usage of this is not very clear to many users, so I'll do little explaining here;
Lets start with what is Octave? Octave is basically distance between square of two whole numbers, this is hard-fast method to calculate, Murry has made it far more complicated to use practically. In mathematical formula terms it could be something like this for script trading at 11890 (CMP)
Step 1: Square Root of CMP i.e Square Root of 11890 = 109.041 = Rounded to 109
Step 2: You can either take one whole number higher or lower than 109, which is 108 or 110. We will take 108
Step 3: Square of 108 = 11664 and Square of 109 = 11881
Step 4: Octave => Distance between (Lowlevel) 11664 and (Higherlevel) 11881
I've automated it so you don't need to calculate, but there is also manual entry possible if you want to calculate octaves yourself, there are different ways to calculate and some like to just take High and Low's of the day or week or month, whatever you like. When I used it I did it strictly this way, so automation is based on it. This is very subjective matter so don't ask to change the calculation of this, if I started doing that every second person would ask me to modify it to different calculation..and thats...just not possible to do.
This is output for calculation we just did above
This is octave shift option (Which basically shifts to next whole number square in above calculation)
Normal nomenclature on octaves and important color codes
+2/8: Extreme overbought = Blue Color and solid line
+1/8: OverBought
8/8: Hardest line to rise above (overbought) = White Color and solid line
7/8: Fast reverse line (weak)
6/8: Pivot reverse line = Yellow Color and solid line
5/8: Upper trading range
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4/8: Major reversal line = Green Color and solid line
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3/8: Lower trading range
2/8: Pivot reverse line = Blue Color and solid line
1/8: Fast reverse line (weak)
0/8: Hardest line to fall below (oversold) = White Color and solid line
-1/8: Oversold
-2/8: Extreme Oversold = Yellow Color and solid line
Other lines that I've not mentioned color codes for are minor and are usually plotted in dotted format.
Resources on complete technique to trade and importance of levels (highly recommended to read carefully before trading), if you don't know how to get this for free don't worry you can just google Murrey math and you will find it somewhere, its just that it would be in little scattered manner.
www.scribd.com
Enjoy! Indicator
Call / All Ratio ( C / A ) - NoldoFirst of all this script inspired by MagicEins' Put/Call-Ratio-Buschi script .
What is the Put-Call Ratio
The put-call ratio is an indicator ratio that provides information about relative trading volumes of an underlying security's put options to its call options. The put-call ratio has long been viewed as an indicator of investor sentiment in the markets, where a large proportion of puts to calls indicates bearish sentiment, and vice versa. Technical traders use the put-call ratio as an indicator of performance and as a barometer of overall market sentiment. Put-call ratios on broader indexes such as the S&P 500 are also used as more general gauges of market climate.
Put-Call Ratio Interpretation
One way to interpret the put-call ratio is to say that a higher ratio means it's time to sell and a lower ratio means it's time to buy, because when the ratio is high it suggests that people are either expecting or protecting more readily against a future decline in the price of the underlying. A Put-Call ratio between 0.5 and 1 is considered a sideways trend in the markets.
Some also view the Put-Call ratio as a contrarian indicator. Traders know that derivatives are used to do more than place bets; they are used as hedges and insurance. If there's a lot of insurance being placed to the sell side, it means traders are worried about prices falling.
Some traders buy when the put-call ratio is above 1, meaning the market is out of balance to the sell side, and sell when the put-call ratio is below 1, meaning the market is out of balance to the buy side. These traders are looking to make money on the correction. The interpretation of the ratio is left to the analyst's or trader's investment philosophy.
Reference : Investopedia (www.investopedia.com)
Let' s start.
In short, calls represent "bulls" and puts represent "bears".
Some analysts do the opposite,for trend reversals the choice is up to you.
I usually look at the opposite comments in commercial positions because I look at this flow angle neutral.
If you want to do the opposite, you must create Put / All Ratio.
So i created this ratio to observe easily movements under or over 0.50 area .
Or you can take the point close to 0.50 as a horizontal trend. Many more comments can be made.I have a few ideas about this, and I'm going to publish them soon . My best suggestion is that it covers a single bar and is very volatile, so you can look for averages and strong accelerations.
This code is open source under the MIT license. If you have any improvements or corrections to suggest, please send me a pull request via the github repository github.com
Stay tuned , best regards. Indicator
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