What are Editors' Picks?
Each new indicator or strategy published in our Community Scripts is analyzed by our PineCoders team. This section showcases the best open-source indicators recently selected by the team.
Any open-source indicator published in our Community Scripts can be featured in our Editors' Picks if it is original, provides good potential value to traders, includes a helpful description, and complies with House Rules.
Editors' Picks appear here and on our homepage, where millions of visitors see them. They are not recommendations to buy or sell anything, nor to use a specific indicator. Our picks aim to bring attention to the most interesting scripts published by the generous authors who write them for TradingViewers. Our hope is that they encourage learning and sharing in our community, and that you discover indicators that may be useful in your trading.
Pine Script™ is TradingView's programming language. It allows traders and investors to create their own indicators or strategies, sometimes with just a few simple lines of code. Many of the scripts published on TradingView are original and only available to our community, most of them for free.
TTrades Daily Bias [TFO]
tradeforopp
Inspired by @TTrades_edu video on daily bias, this indicator aims to develop a higher timeframe bias and collect data on its success rate. While a handful of concepts were introduced in said video, this indicator focuses on one specific method that utilizes previous highs and lows. The following description will outline how the indicator works using the daily...
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Risk Management Chart
NoveltyTrade
█ OVERVIEW Risk Management Chart allows you to calculate and visualize equity and risk depend on your risk-reward statistics which you can set at the settings.This script generates random trades and variants of each trade based on your settings of win/loss percent and shows it on the chart as different polyline and also shows thick line which is average of all...
85
8
Order Chain [Kioseff Trading]
KioseffTradingWizardUpdated
Hello!This indicator "Order Chain" uses live tick data (varip) to retrieve live tick volume. This indicator must be used on a live market with volume data Features Live Tick Volume Live Tick Volume Delta Orders are appended to boxes, whose width and height are scaled proportional to the size of the order. CVD recorded at relevant tick levels ...
296
18
Gann Box (Zeiierman)
Zeiierman
█ Overview The Gann Box (Zeiierman) is an indicator that provides visual insights using the principles of W.D. Gann's trading methods. Gann's techniques are based on geometry, astronomy, and astrology, and are used to predict important price levels and market trends. This indicator helps traders identify potential support and resistance levels, and forecast...
Daily Chess Puzzles [LuxAlgo]
LuxAlgoWizard
Play Chess Puzzles right on your Chart!Daily Chess Puzzles brings you a new 1-Move chess puzzle straight to your chart every day.🔶 USAGE Submit your answer to see if your solution is correct! For quick access to the settings, Double-Click on the Chess board to open the settings interface.The current active color (Who's move it is) is represented by...
230
8
Ichimoku Oscillator
LonesomeTheBlueWizard
Hello All, This is Ichimoku Oscillator that creates different oscillator layers, calculates the trend and possible entry/exit levels by using Ichimoku Cloud features. There are four layer: First layer is the distance between closing price and cloud (min or max, depending on the main trend) Second layer is the distance between Lagging and Cloud X bars ago...
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Volume Footprint Voids [StratifyTrade]
StratifyTrade
Volume Footprint Voids is a unique tool that uses lower timeframe calculation to plot different styles of single candle POC.This indicator is very powerful for scalping and finding very precise entry and exits, spotting potential trapped traders, and more.Unlike many other volume profiles, this aims to plot single candle profiles as well as their own...
1445
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Auto Chart Patterns [Trendoscope®]
TrendoscopeWizardUpdated
🎲 Introducing our most comprehensive automatic chart pattern recognition indicator. Last week, we published an idea on how to algorithmically identify and classify chart patterns. This indicator is nothing but the initial implementation of the idea. Whatever we explained in that publication that users can do manually to identify and classify the pattern, this...
4339
60
Modern Portfolio Theory
VanHe1singUpdated
Modern Portfolio Theory The indicator is designed to apply the principles of Modern Portfolio Theory, a financial theory developed by Harry Markowitz. MPT aims to maximize portfolio returns for a given level of risk by diversifying investments. User Inputs: Users can customize various parameters, including the bar scale, risk-free rate, and the start year for...
519
17
[MAD] Acceleration based dampened SMA projections
djmad
This indicator utilizes concepts of arrays inside arrays to calculate and display projections of multiple Smoothed Moving Average (SMA) lines via polylines.This is partly an experiment as an educational post, on how to work with multidimensional arrays by using User-Defined Types ------------------ Input Controls for User Interaction: The indicator...
137
10
Live Economic Calendar by toodegrees
toodegreesUpdated
⚠️ PLEASE READ ⚠️ Although this indicator is accurate in showcasing live and upcoming News Events, checking the original sources is always suggested. This indicator aims to save Time, but due to limitations it may not be 100% correct 100% of the Time. Description: The Live Economic Calendar indicator seamlessly integrates with external news sources to provide...
3766
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Volume Speed [By MUQWISHI]
MUQWISHIUpdated
▋ INTRODUCTION : The “Volume Dynamic Scale Bar” is a method for determining the dominance of volume flow over a selected length and timeframe, indicating whether buyers or sellers are in control. In addition, it detects the average speed of volume flow over a specified period. This indicator is almost equivalent to Time & Sales (Tape) ...
871
27
Adaptive Trend Finder (log)
Julien_EcheUpdated
In the dynamic landscape of financial markets, the Adaptive Trend Finder (log) stands out as an example of precision and professionalism. This advanced tool, equipped with a unique feature, offers traders a sophisticated approach to market trend analysis: the choice between automatic detection of the long-term or short-term trend channel.Key Features:1. Choice...
2708
85
Christmas Toolkit [LuxAlgo]
LuxAlgoWizard
It's that time of the year... and what would be more appropriate than displaying Christmas-themed elements on your chart?The Christmas Toolkit displays a tree containing elements affected by various technical indicators. If you're lucky, you just might also find a precious reindeer trotting toward the tree, how fancy!🔶 USAGE Each of the 7 X-mas balls is...
848
30
Dividend Calendar (Zeiierman)
Zeiierman
█ Overview The Dividend Calendar is a financial tool designed for investors and analysts in the stock market. Its primary function is to provide a schedule of expected dividend payouts from various companies. Dividends, which are portions of a company's earnings distributed to shareholders, represent a return on their investment. This calendar is...
410
23
Liquidity Price Depth Chart [LuxAlgo]
LuxAlgoWizard
The Liquidity Price Depth Chart is a unique indicator inspired by the visual representation of order book depth charts, highlighting sorted prices from bullish and bearish candles located on the chart's visible range, as well as their degree of liquidity.Note that changing the chart's visible range will recalculate the indicator.🔶 USAGE The indicator can be...
3161
12
Intersection Value Functions
alexgroverWizard
Winning entry for the first Pinefest contest. The challenge required providing three functions returning the intersection value between two series source1 and source2 in the event of a cross, crossunder, and crossover.Feel free to use the code however you like.🔶 CHALLENGE FUNCTIONS 🔹 crossValue() //@function Finds intersection value of 2...
716
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AR Forecast Scatterplot [SS]
SteverstevesUpdated
This is a showcase indicator of my recently released SPTS library (the partner of the SPTS indicator). This is just to show some of the practical applications of the boring statistical functions contained within the library/SPTS indicator :-). This is an autoregressive (AR), scatter plot forecaster. What this means is it tags a lag of 1, performs an...
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