747 posts tagged with "Pine Script"

Ever gotten tired of switching between different chart timeframes just to see what your moving averages are doing? Yeah, me too. That's exactly why I fell in love with the CM_Ultimate_MA_MTF_V2 indicator. It's basically like having eight different moving average calculators rolled into one super-powered tool that shows you what's happening across multiple timeframes without the headache of constantly switching charts.

What really hooked me was how it handles the Hull MA and TEMA calculations - these aren't your basic moving averages that lag behind price action forever. They're actually responsive enough to catch trend changes before you're already underwater on a trade.

I keep getting asked about Galaxy.ai versus Pineify, and honestly, it's kind of like asking whether you should buy a Swiss Army knife or a really good screwdriver. They're both tools, but they solve completely different problems.

After spending time with both platforms, I want to give you the real story about what each one actually does well (and where they fall short).

Ever wondered why some traders seem to catch trends before everyone else? The secret often lies in understanding the battle between short-term traders and long-term investors. That's exactly what the Guppy Multiple Moving Average (GMMA) reveals.

Created by Australian trader Daryl Guppy, this indicator uses 12 exponential moving averages to show you something most traders miss: the relationship between different market participants. Instead of relying on a single moving average that might give you mixed signals, the GMMA paints a clear picture of market sentiment and trend strength.

Here's what makes it special: six short-term EMAs (3, 5, 8, 10, 12, 15) track trader behavior, while six long-term EMAs (30, 35, 40, 45, 50, 60) follow investor sentiment. When both groups align in the same direction, you're looking at a high-probability trend that's worth your attention.

You know that frustrating feeling when price bounces off a level you didn't even see coming? I've been there too many times. That's exactly why I fell in love with the TD Supply & Demand Points indicator - it spots those "invisible walls" before they smack you in the face.

This isn't just another support and resistance tool. Tom DeMark spent decades perfecting this methodology, and it's based on something much more reliable than drawing random lines on your chart. The TD Supply & Demand Points indicator identifies precise candlestick exhaustion patterns that show where institutional money is likely to step in.

What makes this different from everything else out there? It's forward-looking. Instead of just marking where price bounced in the past, it identifies where reversals are most likely to happen next. The indicator uses specific 3-candle and 5-candle patterns to spot moments when supply overwhelms demand (supply points) or when demand overwhelms supply (demand points).

I've tested this on everything from forex to crypto, and the results speak for themselves. When you combine Tom DeMark's proven methodology with proper risk management, you get a systematic approach to finding high-probability reversal zones that actually work in real trading conditions.

Ever feel like you're always a step behind when big market moves happen? The Waddah Attar Explosion indicator might be exactly what you need. This clever tool combines the best parts of MACD momentum tracking with Bollinger Band volatility analysis to spot those explosive moments when prices are about to break loose.

Think of it as your early warning system - when those colorful bars start shooting past the explosion line, you know something big is brewing. I've been using this indicator for months now, and it's helped me catch moves I would've completely missed otherwise.

Indicator Vault is your go-to source for custom trading indicators made specifically for MetaTrader 4 and MetaTrader 5. Think of it as a toolkit that helps make sense of the charts, pointing out clear entry and exit opportunities so you can trade with more confidence.

Invite-only scripts on TradingView are like the hidden, members-only tools of the trading world. They're custom-built indicators and strategies, written in Pine Script, that you can't just find with a quick search. To use one, you need a direct invitation or permission from the person who created it.

Think of it like this: while public scripts are available for everyone, and protected scripts might require a one-time fee, invite-only scripts are gated by the author's discretion. They do this to keep their work exclusive, often sharing it only with a dedicated community, subscribers, or clients.

Developers who put in the massive effort to create and rigorously test advanced algorithms often use this setting. It lets them control who gets access, ensuring their hard work is valued and that users get a higher level of quality and sometimes even direct support. For you, the trader, getting your hands on a solid invite-only script can feel like getting a secret key to a new level of chart analysis.

Ever stared at a chart wondering if a stock is too expensive or too cheap? The Wilson Relative Price Channel (WRPC) is basically your visual answer to that question. It's like having a trading buddy who highlights exactly when prices might be stretched too far in either direction.

Think of it as an upgraded version of the RSI indicator, but instead of cramming everything into a separate window below your chart, it draws clear, colorful zones right on your price action. You get four distinct levels that move with market conditions:

• Overbought zone - Where prices might be getting ahead of themselves
• Upper neutral zone - The high side of "normal" price action
• Lower neutral zone - The low side of typical movement
• Oversold zone - Where prices might be unfairly beaten down

What makes this indicator special is how it adapts to market volatility. Whether you're trading a sleepy utility stock or a wild cryptocurrency, these zones adjust to what's actually happening in that specific market.

Discover EzAlgo - the AI-powered trading indicator suite providing real-time buy/sell signals across crypto, Forex, stocks & futures. Features non-repainting signals, multi-timeframe analysis & institutional order blocks. Get started with TradingView integration and join a vibrant trading community.

Learn to create and optimize Pine Script strategies using TradingView's Strategy Tester. Complete tutorial covering performance metrics, parameter optimization, risk management, and avoiding common back-testing pitfalls for reliable trading algorithm development.