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.
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...
226
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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...
232
8
Index Generator [By MUQWISHI]
MUQWISHI
▋ 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...
78
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Higher-timeframe requests
PineCodersModUpdated
█ OVERVIEW This publication focuses on enhancing awareness of the best practices for accessing higher-timeframe (HTF) data via the request.security() function. Some "traditional" approaches, such as what we explored in our previous `security()` revisited publication, have shown limitations in their ability to retrieve non-repainting HTF data. The...
Trailing Management (Zeiierman)
Zeiierman
█ Overview The Trailing Management (Zeiierman) indicator is designed for traders who seek an automated and dynamic approach to managing trailing stops. It helps traders make systematic decisions regarding when to enter and exit trades based on the calculated risk-reward ratio. By providing a clear visual representation of trailing stop levels and risk-reward...
730
28
Periodic Activity Tracker [LuxAlgo]
LuxAlgoWizardUpdated
The Periodic Activity Tracker tool periodically tracks the cumulative buy and sell volume in a user-defined period and draws the corresponding matching bars and volume delta for each period.Users can select a predefined aggregation period from the following options: Hourly, Daily, Weekly, and Monthly.🔶 USAGE This tool provides a simple and clear way...
998
18
Gaps Profile [vnhilton]
vnhiltonUpdated
Note: If you get an error preventing indicator from executing due to a loop running longer than >500ms, please lower the amount of boxes shown and/or increase the minimum gap % threshold. OVERVIEW The Gaps Profile (GP) simply shows the remaining gaps on the chart that have yet to be closed. Gaps are created where there's a distance between the current open and...
116
6
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...
174
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 ...
470
21
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...
898
48
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...
290
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...
1708
32
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...
4943
69
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...
569
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[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...
153
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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...
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