Durbtrade — Indicators and Strategies

Up/Down Indicator - Durbtrade A simple but unique indicator to show ONLY whether there is an increase or a decrease in price compared to the previous value. Also includes a customizable SMA or EMA based "Smoothing Length" variable, allowing the indicator to show whether the SMA or the EMA of the price is up or down compared to the previous value. An offset option is also included if you need it. Settings : Personal thoughts : I wanted to have an indicator that showed ONLY whether the price is UP or DOWN from the previous value. My logic was that I could have a more accurate perception of general up or down trend direction if I removed the AMOUNT of increase or decrease happening from moment to moment over time. From there, I added the SMA/EMA "Smoothing Length" and "Smoothing Type" variables into the script. By increasing the value of the smoothing length above 1, the indicator act as a color-changing moving average, except without showing an actual value. "Smooth Length" acts just like the length of any other moving average... When the value of the "Smooth Length" is = 1, the indicator shows whether PRICE is up or down. When the value of the "Smooth Length" is = 50, the indicator shows whether the MOVING AVERAGE with a length of 50 is up or down. When the value of the "Smooth Type" is = 1, the indicator is SMA based. When the value of the "Smooth Type" is = 2, the indicator is EMA based. As you can see in the main chart above, or in the picture below, I show the indicator in 2 different ways... The indicator on the top shows price up/down action, and the indicator on the bottom shows the 50 SMA up/down action : Other key points : The indicator height can be smashed down as small as possible and still remain 100% functional... which is very important when chart real-estate is limited. Here is an example of my main layout setup, with the Up/Down indicator on the top left : As you can see, it takes up very little space, but still remains fully functional. In the example above, I have it overlayed on the left chart price panel, with the price visibility turned off. If it is overlayed on the price panel like so, and you want to see both the indicator and price, simply turn the price visibility on to see both. Since the indicator displays itself merely by changing the color of the background, layer order has no effect, and the indicator is always drawn in the background. The Up/Down indicator can also be used in conjunction with other candle types that sometimes display candle color differently than standard candles, such as heikin-ashi candles. Just take note that the colors of the indicator may not match the colors of the heikin-ashi candles. Finally, I looked very hard to find an indicator like this on TradingView, and found absolutely nothing. I know that it is a simple concept, but I'm honestly surprised I couldn't find anything like it. I have been using it for awhile now, and I'm proud of the results... therefore, I'd like to share it with the community, along with my previously published indicators, in the hope that you find it useful! Outro : A) As with my previous indicators, this one was written while keeping information, color, clarity, chart real-estate, and customization in mind. B) It is optimized to be displayed on all display setups... for use on your own personal television, laptop, or cellular phone screen... and on all chart zoom levels and layout styles. C) Please feel free to comment your thoughts, critiques, or suggestions. They are all very helpful! D) Check out my previous pine script indicators if you like this one. They work really well together. E) I hope that you find this script useful. F) Enjoy! // Durbtrade

Stochastic RSI - Durbtrade Durbtrade Stoch RSI - 1) Stoch RSI A) The K line can be customized to change color based on vertical direction. B) The space between K line and D line can be filled with a color depending on whether K line is above or below the D line. C) There are color-coded, cross-over and cross-under background fills, to signal when the K line crosses the D line. D) K line is drawn in front of D line (D line is drawn behind K line). E) Default values : K = 3, D = 4, RSI Length = 14, Stoch Length = 14 2) Horizontal Lines A) Horizontal lines can be drawn automatically, so you don't have to draw them, and they don't extend past the current bar. B) There are 11 customizable horizontal lines, and each line is set to non-customizable increments (zero, 10, 20, 30, 40, fifty, 60, 70, 80, 90, hundred). C) The 11 lines are divided into 2 groups: a) 4 PAIRS of lines WITH fill options (10/90, 20/80, 30/70, 40/60... 8 lines total), and b) 3 INDIVIDUAL lines WITHOUT fill options (zero, fifty, hundred). D) The 4 fills give you the option to fill the space between each pair with a customizable color and opacity, regardless of whether the lines themselves are drawn or not. (all default values are what I feel work best for this indicator... and initially, only the zero, fifty, and hundred lines are drawn automatically . You may add the other lines if you choose to, by adjusting the opacity to your liking). 3) Conclusion A) As with my previous indicators, this one maximizes information, color, discernment, clarity, and customization. B) It is optimized for your ability to be able to easily customize the indicator according to your preferences... for use on your own personal television, laptop, or cellular phone screen setup... and on all chart zoom levels and layouts. C) Please feel free to comment your thoughts, critiques, or suggestions. They are all helpful! D) Check out my previous pine script indicators if you like this one. They work really well together. E) I hope that you find this script useful. F) Enjoy! //Durbtrade

RSI Relative Strength Index 3X - Durbtrade Durbtrade Triple RSI - 3 individual RSI's on 1 indicator, each distinguishable by length, as well as line color, thickness, opacity, and type. (note: usable line TYPES are limited... try experimenting) 1) RSI's A) Each RSI can be customized to change color based on RSI vertical direction (default = only RSI #1 changes color). B) All 3 RSI's use a single Source (default Close). C) You may customize the length of each RSI individually (I LOVE my default 14, 7, and 3!). D) RSI #1 is the primary RSI, and is plotted LAST, so that it is drawn ABOVE RSI #2, which is drawn above RSI #3. 2) Horizontal Lines A) Horizontal lines are also drawn automatically, so you don't have to, and they don't extend past the current bar. B) There are 11 customizable lines, and each one is set to non-customizable increments (zero, 10, 20, 30, 40, fifty, 60, 70, 80, 90, hundred). C) The 11 lines are divided into 2 groups: a) 4 PAIRS of lines WITH fill options (10/90, 20/80, 30/70, 40/60... 8 lines total), and b) 3 INDIVIDUAL lines WITHOUT fill options (zero, fifty, hundred). D) The 4 fills give you the option to fill the space between each pair with a customizable color and opacity (the default is what I personally feel is best for each). 3) Conclusion A) As with my previous indicators, this one maximizes information, discernment, clarity, and customization. B) It is optimized for your ability to be able to customize a relatively basic but important indicator with ease for use on your own personal television, laptop, or cellular phone screen setup... and on all chart zoom levels and layouts. B) And, this being my 3rd script, please feel free to comment, critique, or leave suggestions. I find them helpful! C) Check out my previous pine scripts if you like this one. They work well together. D) I hope that you find this useful. E) Enjoy! //Durbtrade

MACD Moving Average Convergence/Divergence - Durbtrade Durbtrade MACD - macd line changes color based on vertical direction. This makes it easier to see and discern movements and also helps the indicator to retain maximum functionality when taking up less chart real estate (also, having the color change really helps me see charts on small screens... such as when it's bright outside and I'm driving in my car and glancing at a chart on my phone... it helps having the info pop visually). A fill option is included to fill the space between the macd and signal lines, though I personally prefer to disable this function. Also, you get a zero line if you want it, and it doesn't extend past the current time, removing unnecessary info and keeping your chart looking a bit cleaner. Finally, there are color-coded, cross-over and cross-under background fills, signaling when the macd line crosses the signal line. This is my 2nd published script, and 2nd script ever. If you like this style, see my 1st published script: Durbtrade Bollinger Bands Width. Hope you find this useful. Feel free to comment.

Durbtrade Bollinger Bands Width First published script. Actually, this is my 1st script ever! I know its not flashy or anything, but I finally decided to try learning some pine... and to try and get rid of the dang 0 on my profile, haha. So here are the results after many hours. I like using the BB Width indicator, and I wanted it to change color based on whether is was rising or falling. I also have it to automatically plot a horizontal line at 0 so I don't have to draw a line every time I apply the indicator to a new chart. And I changed the default precision to 3. I noticed that there aren't that many BB Width scripts. and I don't think there is anything like this out there that I know of, so I hope someone else besides me will find it useful. Please feel free to comment.