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.
Solar System in 3D [Astro Tool w/ Zodiac]
Alien_Algorithms
Hello Traders and Developers, I am excited to announce my latest Open Source indicator. At the core, this is a demonstration of PineScript’s capabilities in Rendering 3D Animations, while at the same time being a practical tool for Financial Astrologists.This 3D Engine dynamically renders all the major celestial bodies with their individual orbits, rotation...
139
19
Machine Learning Adaptive SuperTrend [AlgoAlpha]
AlgoAlphaUpdated
📈🤖 Machine Learning Adaptive SuperTrend - Take Your Trading to the Next Level! 🚀✨ Introducing the Machine Learning Adaptive SuperTrend , an advanced trading indicator designed to adapt to market volatility dynamically using machine learning techniques. This indicator employs k-means clustering to categorize market volatility into high, medium, and low levels,...
3550
61
D-Shape Breakout Signals [LuxAlgo]
LuxAlgoWizard
The D-Shape Breakout Signals indicator uses a unique and novel technique to provide support/resistance curves, a trailing stop loss line, and visual breakout signals from semi-circular shapes.🔶 USAGE D-shape is a new concept where the distance between two Swing points is used to create a semi-circle/arc, where the width is expressed as a...
756
6
Monte Carlo (Polyline Traceback) [Kioseff Trading]
KioseffTradingWizard
Hello!This script "Monte Carlo (Polyline Traceback) " performs a Monte Carlo simulation using polylines!By using polylines, and tracing back the initial simulation to its origin point, we can better replicate the ideal output of a Monte Carlo simulation!Such as: The image above shows the output of a simulation (image sourced outside TV).With this...
LOWESS (Locally Weighted Scatterplot Smoothing) [ChartPrime]
ChartPrimeUpdated
LOWESS (Locally Weighted Scatterplot Smoothing) ⯁ OVERVIEW The LOWESS (Locally Weighted Scatterplot Smoothing) [ ChartPrime ] indicator is an advanced technical analysis tool that combines LOWESS smoothing with a Modified Adaptive Gaussian Moving Average. This indicator provides traders with a sophisticated method for trend analysis, pivot point...
3106
15
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...
5083
129
Oscillator Scatterplot Analysis [Trendoscope®]
TrendoscopeWizard
In this indicator, we demonstrate how to plot oscillator behavior of oversold-overbought against price movements in the form of scatterplots and perform analysis. Scatterplots are drawn on a graph containing x and y-axis, where x represent one measure whereas y represents another. We use the library Graph to collect the data and plot it as...
308
16
[Pandora] Vast Volatility Treasure Trove
ImmortalFreedomWizard
INTRODUCTION: Volatility enthusiasts, prepare for VICTORY on this day of July 4th, 2024! This is my "Vast Volatility Treasure Trove," intended mostly for educational purposes, yet these functions will also exhibit versatility when combined with other algorithms to garner statistical excellence. Once again, I am now ripping the lid off of Pandora's box... of...
445
11
Linear Regression Oscillator [ChartPrime]
ChartPrimeUpdated
Linear Regression Oscillator Indicator Overview: The Linear Regression Oscillator is a custom TradingView indicator designed to provide insights into potential mean reversion and trend conditions. By calculating a linear regression on the closing prices over a user-defined period, this oscillator helps identify overbought and oversold levels and highlights...
4630
52
Sharpe and Sortino Ratios
TradingView
█ OVERVIEW This indicator calculates the Sharpe and Sortino ratios using a chart symbol's periodic price returns, offering insights into the symbol's risk-adjusted performance. It features the option to calculate these ratios by comparing the periodic returns to a fixed annual rate of return or the returns from another selected symbol's context. █ ...
321
2
TASC 2024.07 Gaps and Extreme Closes
PineCodersTASC
█ OVERVIEWThis script, inspired by Perry Kaufman's article "Trading Opening Gaps and Extreme Closes in Stocks" from the TASC's July 2024 edition of Traders' Tips , provides analytical insights into stock price behaviors following significant price moves. The information about the frequency, pullbacks, and closing patterns of these extreme price movements can...
206
3
Sticky Notes, Checklist, To-do, Journal [algoat]
algoatUpdated
I forgot to bring my notes again... Ever feel like your trading notes are all over the place, much like your portfolio after a market dip? Worry not! With this script, you'll have all your trading notes, tasks, and brilliant (or not so brilliant) ideas neatly organized right on your chart. It's like having a sticky note board, but way cooler and without the risk...
539
13
Ichimoku Theories [LuxAlgo]
LuxAlgoWizard
The Ichimoku Theories indicator is the most complete Ichimoku tool you will ever need. Four tools combined into one to harness all the power of Ichimoku Kinkō Hyō.This tool features the following concepts based on the work of Goichi Hosoda: Ichimoku Kinkō Hyō: Original Ichimoku indicator with its five main lines and kumo. Time Theory: automatic time cycle...
2736
28
Volume Bull/Bear Activity [ZC]
TZack88
Volume Bull/Bear Activity SummaryThis indicator generates a summary of bull/bear activity for 20 symbols.For each symbol, two bars are displayed, colored green and red. The green bar indicates bull volume, reflecting activity within the last candle of the symbol. The red bar signifies bear volume within the real-time bar, continuously updated....
1261
33
Mxwll Price Action Suite [Mxwll]
MXWLL-Capital-TradingUpdated
Introducing the Mxwll Price Action Suite!The Mxwll Price Action Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology! Features Internal structures External structures Customizable Sensitivities BoS/CHoCH Order Blocks HH/LH/LL/LH Areas Rolling TF highs/lows Rolling Volume...
4689
148
Percent Rank Histogram
VanHe1sing
This Pine script indicator is designed to create a visual representation of the percent rank for multiple financial instruments. Here's a breakdown of its key features: Percent Rank Calculation: The core functionality of this Pine script indicator revolves around the calculation of the percent rank for each selected financial instrument. The percent rank is...
454
15
Heat Map Seasons
VanHe1singUpdated
Heat Map Seasons indicator Indicator offers traders a unique perspective on market dynamics by visualizing seasonal trends and deviations from typical price behavior. By blending regression analysis with a color-coded heat map, this indicator highlights periods of heightened volatility and helps identify potential shifts in market sentiment. Summer: In...
991
20
Index Generator [By MUQWISHI]
MUQWISHIUpdated
▋ INTRODUCTION : The “Index Generator” simplifies the process of building a custom market index, allowing investors to enter a list of preferred holdings from global securities. It aims to serve as an approach for tracking performance, conducting research, and analyzing specific aspects of the global market. The output will include an index value, a table of...
410
15