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Manage Input variables with Pine Script v5Welcome to this new tutorial that helps traders and investors better understand the powerful Pine Script programming language v5. In this tutorial, we will program together three Input variables: Color type Input: a color input is a parameter that allows specifying a custom color for the indicator or script. It can be used to set the color of lines, areas, texts, or other graphical components in the indicator. Float type Input: a float input is a parameter that allows specifying a floating-point numerical value for the indicator or script. It can be used to set parameters such as threshold levels, indicator sizes, or any other numerical value that requires decimal precision. Integer type Input: an integer input is a parameter that allows specifying an integer numerical value for the indicator or script. It can be used to set parameters such as moving average periods, length of a time interval, or any other integer numerical value. IMPORTANT: The code used in this tutorial has been created purely for educational purposes. Our indicator is a simple indicator that plots the close data of the underlying asset on the chart in a weighted manner. The displayed data is the sum of the close price plus 20%. The goal of the indicator is to provide a fully dynamic tool that can vary its parameters from the user interface and update automatically. Here is the complete code for this tutorial: //@version=5 indicator("Input Tutorial", overlay = false) pond = input.float(defval = 0.20, title = "Float", minval = 0.10, maxval = 1, step = 0.10) color_indicator = input.color(defval = color.red, title = "Color") data = close + (close * pond) linewidth_feature = input.int(defval = 1, title = "Integer", minval = 1, maxval = 10, step = 1) plot(close, color = color_indicator, linewidth = linewidth_feature) //@version=5 Indicates the version of the Pine Script language used in the code. indicator("Input Tutorial", overlay = false) Set the name of the indicator as "Input Tutorial", and overlay=false indicates that the indicator should not overlap the main chart. pond = input.float(defval = 0.20, title = "Float", minval = 0.10, maxval = 1, step = 0.10) Create a float input called "pond" with a default value of 0.20. The input title is "Float", and the minimum value is 0.10, the maximum value is 1, and the step is 0.10. color_indicator = input.color(defval = color.red, title = "Color") Create a color input called "color_indicator" with a default value of red color. The input title is "Color". data = close + (close * pond) Calculate a new value "data" by adding the closing price value with the closing price multiplied by the "pond" input. linewidth_feature = input.int(defval = 1, title = "Integer", minval = 1, maxval = 10, step = 1) Create an integer input called "linewidth_feature" with a default value of 1. The input title is "Integer", and the minimum value is 1, the maximum value is 10, and the step is 1. plot(close, color = color_indicator, linewidth = linewidth_feature) Plot the chart of the closing value with the color specified by the "color_indicator" input and the line width specified by the "linewidth_feature" input.
Education
by thequantscience
YTEN OPTIONS 3.7M FLOAT / INSIDERS BUYING/ 1/2 OF ENTERPRISE VALAll, I highly suggest buying call options here. Just get ones further out and pay the premium. If you are unsure just buy a equal amount of PUTS with it then drop the opposing side once dropping. This has huge potential here. If you took enterprise valuation at face value this stock has 60% upside. Conservatively speaking lets even say 30%. With call options clearly that 30% is about 200% if hit correctly. See below for more details. Personally going with a combination of 1&3 due to market being horrible etc. Enterprise Valuation: 0.397 (1.0 being at value, over 1.0 overvalued, under 1.0 being undervalued) (so WAY undervalued right now) Float: 3.77M Short Float: 0.5% (literally none) Short Growth: -58% (shorts leaving the stock probably noticing the chart etc and undervalued) CASH TO DEBT RATIO: 6.2 (THATS really good) Option Method 1 1) Double Call to Put Ratio 2) Release Puts or Calls once direction is established Option Method 2 1) Long call option heavy buy 2) Set stop loss or scale in if it drops (next drop isnt too far) Option Method 3 1) Long call option light buy 2) Scale in once trend breaks
YLong
by DigitalData
KLSE Energy Sector - Battle of the fastestA higher float stock price action are generally slower compared to a lower float stock. We pick few energy stocks (some leader and laggard) to illustrate the price action across the H4 timeframe over 2 years timeline. We also include the WTI & Brent Crude Oil price to show the sector momentum. How we get the balance float: We use pickastock.info to get the NOSH (ie Shares issued) Next we use bursamarketplace.com to calculate % owned by funds, institutions, etc. The balance unutilized is what we called float (or balance float) Balance floated shares = NOSH x balance unutilized % Based on our stock pick in Energy sector, following is the list from lightest to the heaviest. CARIMIN 56M float shares WASEONG 142M float shares MYX:DAYANG 215M float shares MYX:SERBADK 405M float shares MYX:ALAM 754M float shares MYX:VELESTO 1449M float shares MYX:SAPNRG 4130M float shares Based on our observation, higher float shares (SAPNRG, VELESTO) tends to move slowly compared to its lower float shares (CARIMIN, WASEONG). This play significant role during sectoral play for better short-term gain. This however discount any stock-specific sentiment (ie project award, court action, etc) as that would result to individual stock demand surge/purge. As a rule of thumb, stocks with float < 500M can provide good price action.
S
by sothye
1
Could This Continue?Hello traders! Hope your having a great trading day. Let's get right into this, tomorrow ill be looking for the continuation trade. I will be watching the important level of 5.90 for a break above, and re-test of that zone to give us a heads up with confirmation for possible entry. Very important to watch that level, because it will need to be broken to move that momentum higher. For shorts, or people holding stock, your going to want to watch the 5.15 level for a break and re-test moving lower, as that would give the chart a bearish outlook. So watch out for both levels tomorrow, and set your alerts! @ 5.90 + 5.15! Good luck everyone! Be sure to leave a "LIKE" and follow me for more great chart analysis in the future!
N
by TradeWithTyler
$BBBY - Long if it breaks out of this wedge..**Not saying to long $BBBY!** If this breaks out of this wedge I think it will sharply rise up as there is currently 32% short float. There is also 32% short float - if this isn't a strong indicator than nothing is. TA is also telling me bullish conditions when looking at indicators on the daily - weekly actually makes a very bearish/overbought case. The mixed signals say to avoid, but will be fun to watch the bulls take on the bears here as both sides have logic behind there trade.
NASDAQ:BBBYShort
by ZenMode
LFIN: SHORTFIN orLONGFIN? How NOT to trade Low Float StocksBearish Crab harmonic completed on LFIN prior to a "investigation" for shady business and a pathetic attempt to halt T12 Trading. Any IPO is usually traded ridiculously high allowing short sellers to profit from this so early shorts were already placed with predictable stop losses. The hidden selling pressure behind IPO lead price being popped up by "bulls" to run the stop hunt above the 0.618 $65 price. All of these levels will have to be recreated with price action, for now my opinion on the price is neutral, looks overly hyped but most newbie investors are just trading it for the % and point moves The VPVR fired shorts covering at 0.236 or of the 1.618 fib extension of the bearish three drives, however we are now in a potential consolidation at the 0.618 $35 which will be covered by other late shorts back up to VWAP price. Nonetheless there is no clear direction for the trend can only gauge directional momentum and potential reversal points using aroon and previous support levels
L
by atorrealba
10 Year Treasury rates to break resistance or one more dip firstThe 10 year appears to want to either break above the resistance or take on more small trip down to the e wave on this a,b,c,d,e triangle. If it hits the lower triangle boundary and then bounces, then probability is greater that it will then break the upper resistance. So if you are looking to lock a rate, or float watch both triangle boundaries to see what happens. If it breaks lower boundary, then rates could drop so you can float if the rate drifts down into the lower boundary as long as it does not break the upper boundary first. Not intended as investment advice. This is an opinion only. Make of it what you will after doing your own analysis first.
TVC:TNX
by HoosierHODL
1
Tandem Diabetes Care Looks Like a Good Daytrade, SwingTrade PlayStock price has not been fully established yet. Lots of uncertainty, meaning lots of opportunity for short term fluctuations. Stock just underwent reverse split. Currently a "low floater", but with real business operations, not just some cheap pump and dump scam from china or some bitcoin stock. Its a real company with real aspirations of survival. Only problem is they have much better established industry peers like Medtronics. They are still considered a player in their respective industry. Keep on watchlist, watch for movement interday, and if opportunity presents, play it. Reason for watching, low float, recent split, and real company which is a rare thing these days in the stock market it seems like, especially if it has a low float and a real product. No MACD here people, lol. With these risky ones, flat line is a good thing after a big sell off after a reverse split, especially in a bull market. once the sellers are clearly out of the way, that's all you need to know when the stock has a low float, recent reverse split, and healthy trading volume
NASDAQ:TNDMLong
by alipipefitter
2
SPHS Oversold, Filling the Gap, cash/share > share priceSophiris Bio had a Phase III drug trial test showing the drug was not effective and the market overreacted. The chart has a cash/share value (mrq) of $1.74, the float is 16.78 Million Shares (note today's volume alone is a large part of that), so with a tiny float, more cash per share on hand than the market price, and upcoming results for new Phase III results for other products, one can see why people are buying this up right now.
SLong
by trademan1
2