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Experimental

RMI + Triple HMRSI + Double EVWRSI + TERSI + CMO StrategyThis is a strange experimental strategy WIP that I decided to upload an early version to share some of what I am working on. Just one script of a few. It combines Chande Momentum with RMI and some weird ones I am experimenting with - Triple Hull MA RSI, Double Exponential + Volume Weighted RSI, Triple Exponential RSI. And to top it off, a final oscillator that combines the THMRSI with the RMI. The main intention here, currently, is to test the usefulness of each on different timeframes and values. Currently it is considered to buy when all are below their threshold and sell when all are above, with the chande momentum crossing its line as the final confirmation. For now there is no individual for each of the unique elements included. I am going to likely use this is a working house project to test other experimental indicators in the future. It may be some of these are better suited for long term but I do think they have valid uses in checking short and long term momentum at the very least. I copied the RMI from Everget.
Pine Script® strategy
by burgercrisis
Examples of Rolling Average Using Automated AnchoringIn this study, I present a method to expose NaN values to development environment. This exposure allows NaN values to be used by methods in scripts. I also show how to use values, even NaN values, as anchors from which statistics can be computed from. I demonstrate how to do this with constants and variables in methods for computing the cumulative/rolling average of a series. I also show how to calculate the cumulative/rolling average from the start of a ticker series using the aforementioned methods. Each method has a description on how some of their parts work as well as their constraints. Method #1 - Can only be used for computing the rolling average on the ticker series. Method #2 - The simple moving average from the Pine Script reference. - Can be used to calculate the rolling average of the ticker series and number values of a series. - This method seems to cause an error when there are many bars in the series. Method #3 - The most versatile method due to the use of computing the rolling average using an array. - Timeout will occur when computing the rolling average of an entire ticker series which is long. - Timeout has not occurred when computing a rolling average of a series from NaN or non-NaN anchor points even when the series is long. This is an attempt to get around the constraints of the built-in sma(source, length) function in which length cannot be dynamically adjusted. Other Pine Script functions have that constraint which we can get around by defining our own functions.
Pine Script® indicator
by thaiawe
1
Machine Learning / Longs [Experimental]Hello Traders/Programmers, For long time I thought that if it's possible to make a script that has own memory and criterias in Pine. it would learn and find patterns as images according to given criterias. after we have arrays of strings, lines, labels I tried and made this experimental script. The script works only for Long positions. Now lets look at how it works: On each candle it creates an image of last 8 candles. before the image is created it finds highest/lowest levels of 8 candles, and creates a string with the lengths 64 (8 * 8). and for each square, it checks if it contains wick, green or red body, green or red body with wicks. see the following picture: Each square gets the value: 0: nothing in it 1: only wick in it 2: only red body in it 3. only green body in it 4: red body and wick in it 5: green body and wick in it And then it checks if price went up equal or higher than user-defined profit. if yes then it adds the image to the memory/array. and I call this part as Learning Part. what I mean by image is: if there is 1 or more element in the memory, it creates image for current 8 candles and checks the memory if there is a similar images. If the image has similarity higher than user-defined similarty level then if show the label "Matched" and similarity rate and the image in the memory. if it find any with the similarity rate is equal/greater than user-defined level then it stop searching more. As an example matched image: and then price increased and you got the profit :) Options: Period: if there is possible profit higher than user-defined minimum profit in that period, it checks the images from 2. to X. bars. Min Profit: you need to set the minimum expected profit accordingly. for example in 1m chart don't enter %10 as min profit :) Similarity Rate: as told above, you can set minimum similarity rate, higher similarity rate means better results but if you set higher rates, number of images will decrease. set it wisely :) Max Memory Size: you can set number of images (that gives the profit equal/higher than you set) to be saved that in memory Change Bar Color: optionally it can change bar colors if current image is found in the memory Current version of the script doesn't check if the price reach the minimum profit target, so no statistics. This is completely experimental work and I made it for fun. No one or no script can predict the future. and you should not try to predict the future. P.S. it starts searching on last bar, it doesn't check historical bars. if you want you should check it in replay mode :) if you get calculation time out error then hide/unhide the script. ;) Enjoy!
Pine Script® indicator
by LonesomeTheBlue
85
Candle-Box RatioVolatility compression/expansion indicator calculated from the ratio of the area of the candles to the area of a rectangle encompassing the candles over n bars. Generally during a squeeze or compression the ratio between the candles and the rectangular area increases, ie the candles occupy a larger portion of the rectangle, and vice versa during a release/expansion. It is inherently low lag due to the lack of any averaging in the calculation since the start of an expansion/breakout will instantly change the dimensions of the encompassing rectangle and the corresponding ratio. A potential downside is that different lengths will produce significantly different results which will require tuning to optimize for specific instruments and timeframes. Additional standard deviation bands to identify potential points of volatility change and the option to normalize the output using the stdev bands.
Pine Script® indicator
by rumpypumpydumpy
1
SAK-MPI: Stochastic & RSIDescription : This SwissArmyKnife - MultiPurposeIndicator allows user to modify the conventional indicator smoothing method Stochastic(SMA)/RSI(RMA) to one of filtering tools proposed by John F. Ehlers . Details of each filtering type can be read in Ehlers Technical Papers: Swiss Army Knife Indicator, I'm still very new with Digital Signal Processing (DSP) concept and this is my first attempt to help visualize one of Ehlers tools and its practicality (Read: Its experimental). Any ideas to further improve this indicator are welcome :) Disclaimer: I always felt Pinescript is a very fast to type language with excellent visualization capabilities, so I've been using it as code-testing platform prior to actual coding in other platform. Having said that, these study scripts was built only to test/visualize an idea to see its viability and if it can be used to optimize existing strategy. While some of it are useful and most are useless, none of it should be use as main decision maker.
Pine Script® indicator
by fareidzulkifli
Sigma Spike Filtered Binned OPR ( Adam H. Grimes )As originally described by Adam H. Grimes. For analyzing the location of Open within the day's range (OPR). The OPR histogram displays the binned distribution of OPR values for the chart history. Fat tails at the extremes indicates that Open occurred more often close to the day's high or low. The OPR results are filtered according to volatility using Grime's Sigma Spike. So that OPR values are only recorded when volatility exceeds a threshold (relative high range days). This may (strong emphasis on may) indicate the opportunity for trades early in the day on days that begin with a high amount of relative volatility and trading with the direction that price is moving away from the open.
Pine Script® indicator
by rumpypumpydumpy
12
Logistic RSI, STOCH, ROC, AO, ... by DGTExperimental attemt of applying Logistic Map Equation for some of widly used indicators. With this study "Awesome Oscillator (AO)", "Rate of Change (ROC)", "Relative Strength Index (RSI)", "Stochastic (STOCH)" and a custom interpretation of Logistic Map Equation is presented Calculations with Logistic Map Equation makes sense when the calculated results are iterated many times within the same equation. Here is the Logistic Map Equation : Xn+1 = r * Xn * (1 - Xn) Where, the value of r is the key for this equation which changes amazingly the behaviour of the Logistic Map. The value we have asigned for r is less then 1 and greater than 0 ( 0 < r < 1) and in this case the iterations performed with the maximum number of output series allowed by Pine is quite enough for our purpose and thanks to arrays we can easiliy store them for further processing What we have as output: Each iteration result is then plotted (excluding plotting the first iteration), as circles or line based on user preference Values above and below zero level (0) are coloured differently to emphasis bull and bear power Finally Standard Deviation of Array's Elements is ploted as line. Users may choose to display this line only So where it comes the indicators "Awesome Oscillator (AO)", "Rate of Change (ROC)", "Relative Strength Index (RSI)", "Stochastic (STOCH)". Those are the indicators whose values are assigned to our key varaiable in the Logistic Map equation forulma which is r Further details regarding Logistic Map can found under the description of “Logistic EMA w/ Signals by DGT” study Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script® indicator
by dgtrd
104