Thread by @tradingview

10 Indicators You Have To Try

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𝙉𝙤𝙩𝙚: The indicators in this thread were coded by a community of traders and investors. We included their TradingView username in each tweet below.

To create your own indicator, get started with our proprietary language Pine Script: tradingview.com/pine-script-do…

Heat Map Volume

This indicator colors the volume bars and candles according to the volume traded. The calculation of the heat map zones is determined by how many standard deviations a volume bar is from the average.

Coded by xdecow: tradingview.com/script/unWex8N…

Technical Rank

This indicator, inspired by John Murphy, shows how a security is performing relative to its peers. Multiple moving averages, rate of change, and the Relative Strength Index (RSI) are used to calculate the rank.

Coded by LonesomeTheBlue: tradingview.com/script/czknkFN…

Black-Scholes Options Pricing Model

The Black-Scholes model is a mathematical model for pricing options. Derive the theoretical fair value of an options contract. Add the indicator to your chart and adjust the inputs in its settings.

Coded by SegaRKO: tradingview.com/script/dgMumvh…

Mean Reversion Channel

Based on Mean Reversion theory, this indicator displays easy-to-see statistics for assets that are potentially overbought or oversold. It also shows a dynamic heatmap at specific price levels.

Coded by fareidzulkifli: tradingview.com/script/5uaocze…

Spearman Rank Correlation Coefficient

Named after Charles Spearman and denoted by the Greek letter ‘ρ’, the Spearman Rank is used when you want to measure the strength and direction of a relationship between two assets.

Coded by mortdiggiddy: tradingview.com/script/y5n6dlJ…

Time Range Stats

Add this indicator to your chart, pick a time frame, and instantly see a real-time text box showing the following:

• Mean price
• Normalized range
• Percent change
• Average traded volume

Coded by alexgrover: tradingview.com/script/XLV4Mwj…

Improved McGinley Dynamic

Originally formulated and publicized in 1990 by John R. McGinley to show a moving average that adjusts for speed, this updated version adds stability and functionality to the original algorithm.

Coded by midtownsk8rguy: tradingview.com/script/AKsKg1i…

Relative Candles

This indicator visualizes the relative movement of a single OHLC candle compared to another symbol. Add this indicator to your chart to see if you're outperforming or underperforming another asset in real-time.

Coded by drewby4321: tradingview.com/script/k6OlgKA…

Trend Quality

Quickly see the quality of a trend by creating a custom score based on several exponential and simple moving averages. When the indicator scores above 5, it means the trend is strong.

Coded by kruskakli: tradingview.com/script/jbEZftv…

#Bitcoin Difficulty Adjustments

The difficulty is a measure of how difficult it is to mine a Bitcoin block. This indicator draws background columns if the previous 2016 blocks took more or less than two weeks to find.

Coded by BTC_JackSparrow: tradingview.com/script/WP434CP…

Thanks for reading this thread and following along.

You can share your favorite indicators by replying with a link below.

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