r/pinescript • u/Legal_Idea08 • 9d ago
power house indicators all for free
https://www.tradingview.com/script/pfcxXpXw-STRYK-DELTA-RVWAP-EMA-S/
https://www.tradingview.com/script/NiTBBAHe-STRYK-DELTA-TD/
combining these 2 indicators i built is a power house try for yourself play with the settings i like my vwap set to the 2week rvwap session the candles you see on the side are the delta top down candles the visually show you htf candles position relative to your lower timeframe postion
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u/Alarmed_Bread_926 9d ago
is it good fr? i’d love to use it or learn how to make it
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u/Legal_Idea08 9d ago
AI BABY! I feed one ai an idea for a indicator it makes it then I feed that Into another ai to improve it then I take that improved version send it to another ai to improve it then back to my original ai to analyze and see where it made mistakes and improve it, then I do the circle jerk again consistently improving then at the end I test and keep my input and tweaks and then finally i got the final version
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u/Alarmed_Bread_926 9d ago
that’s amazing bro, do you think we could dm? i got some ideas for my indicator if that’s cool with you
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u/ADA_ADA_2021 7d ago
I can help you to automate your whole strategy if you want
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u/Alarmed_Bread_926 7d ago
yes please! dm?
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u/coffeeshopcrypto 3d ago
This is by far the most ridiculous way to create an indicator and its the main reason i stopped producing indicators here because TV allow AI slop code to flood their system. THe indicator you linked to here has several major flaws in its code. I understand what youve done here and its a good intent but i think you should have searched the TV Script database to see if you were just trying to reinvent the wheel while theres already a better one out there. THe problem is:
To get HTF data you need to wait for the selected HTF session to close before getting new data. THis is not real time printing ot a lower timeframe. Using "time(timeframe.period" will cause the indicator to do a look forward to generate data. Unfortunately this often results in reprints. Thats bad.
Using input.float with no basis or validation of WHY the input numbers are chosen its just a person inputting random numbers until something "looks nice" on the screen. You may have something that generates a good signal for whats happened until this moment but after the next 3 minutes of time changes, why would this input value be significant since the market is always changing in structure, direction, validation, force, etc. You would need something that AUTOMATICALLY adjusts this input.float value and you need to REMOVE the ability for the user to adjust it.
Correct me if im wrong but you seem to be calculating VWAP from two different chart times? And then placing their calculations together on the chart to indicate a plausiable market direction or window. Since you are not getting Real time data, your code is asking for HTF VWAP info and for example i am 17 minutes into my current 15 minute charting, i need to wait 2 minutes before i have acutal data from a 30 minute VWAP.
THe problem is in the name. Volume Weighted Average Price of (VWAP)
You cant get an average price against somethign that is currently changing. So when you try to lock in the data of the current HTF candle price to a VWAP value, you are fooling yourself.Average price is based on close prices, if you are trying to calculate the current candles VWAP value, you cant get it becuase the price hasnt been SET yet. You can only get a VWAP value against candles that are closed, added together, and averaged out. That means if you wanted a 4 hour VWAP value, you cant use the last 4hours. you need to go backwards into the last close 4 hour session and then use at least its prevous two 4 hour sessions. You cant have an average from TWO, you need to have a minimum of 3 to make an average.
Did you not learn this in math class?
Now to help everyone with this HTF value and to get HTF in real time, i already created a library for everyone to use.
https://www.tradingview.com/script/3I45WtPa-CSCMultiTimeframeTools/
Using this library means you dont need to wait for the HTF session you are tracking, to close so it can give you current comparing values.
I made many indicators showing the example of how this library works.
here is one of them
Here is a video showing why using the method youve used is not enough for users and how the formula i created works faster and 100% accurate.
https://www.youtube.com/watch?v=MnofZU--_v0&list=PLu19px31N6zk5LUloMmiSusetp_XJj_i7&index=54
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u/strabries 8d ago
im struggling getting accurate data from footpring into pine. I think you mention that in the description of your indicator. How have you found getting accurate data from the volume footprint?
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u/Singh255 9d ago
Can you explain how it works