This is a very robust review  in our opinion, so we are sharing with the TradingView community. Whether you have an active account with a broker, or considering one, it’s always good to have as much information as possible! Definitely give this review a good read.

——–

Quoting from the StockBrokers.com opening letter:

Seeing the industry evolve and make positive changes is what we clamor for. Our yearly review is designed to serve two goals: push the industry forward, and help all of us as investors find the right broker for our needs.

Less the brokers themselves, we are the toughest critics. Our grading criteria, which includes several hundred variables, sorts through the fluff to identify the true leaders. With a “for traders, by traders” mentality, the StockBrokers.com yearly review has a reputation for being the toughest review in the industry, and we don’t plan on it changing anytime soon.

With more than 100,000 reads the past two years, I am proud of what we have accomplished. This year, we had one new broker join, Merrill Edge, and one broker drop out, Cobra Trading, resulting in once again 17 total brokers participating.

So who took the #1 spot Overall?

Head on over the StockBrokers.com 2014 Review and find out.

How does your broker stack up?

2014-review-ratings

We’re proud to introduce a brand new and long-awaited feature – Multiple Charts Layout. Now you can plot up to 4 (four) charts in one tab of your browser. Moreover, it’s possible to link your charts by resolutions or symbols. Layouts and linking toolbar can be found on the bottom left corner, next to Load and Save buttons.

This new feature is still in beta testing and available for all the users, even to unregistered ones. Feel free to post your comments and requests. We will take all requests into account and will do our best to implement them in the release version.

IMPORTANT: after the final release, Multiple Charts Layout will be available in the PRO subscription only for $9 USD per month.

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TradingView users can now access all kinds of economic data, including more than 100 reports. Public availability of reliable and up-to-date economic data is a big advantage for investors, since allows them to monitor economic developments and manage investment risk. Be a step ahead of the competition the best economic data on TradingView.

 co722LA

Sources of where we gather the reports:

FRED – Federal Reserve Economic Data http://research.stlouisfed.org/fred2

ISM – Institute for Supply Management http://www.ism.ws/

ADP – ADP Research Institute http://www.adp.com/tools-and-resources/adp-research-institute.aspx

WORLDBANK – World Bank http://data.worldbank.org/

SANDP – Standard and Poor’s http://www.standardandpoors.com/en_US/web/guest/home

FRBP- Federal Reserve Bank of Philidelphia http://www.philadelphiafed.org/index.cfm

FRBNY – Federal Reserve Bank of New York http://www.newyorkfed.org/

FRKC – Federal Reserve Bank of Kansas City http://www.kc.frb.org/

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It’s been over a month since we launched the first beta version of Pine scripting language. We received a lot of positive responses, constructive criticism, and improvement suggestions. We worked hard and here’s the next update. New features include:

  • Inputs for scripted indicators

  • Working with the “security” function

  • Self Referencing variables

  • Multiline functions

  • Functions valuewhen and barssince

  • Bar coloring of data series – barcolor

  • Background coloring – bgcolor

  • Fixes the fill function

  • Improvements in arithmetic functions

  • Automatic type casting

 Now let’s look at each feature in more detail.

 

Inputs for scripted indicators

One of the first features that users asked for was the ability to add inputs to custom scripts, similar to the built-in indicators. You can edit the indicator inputs through the properties window, without needing to edit the Pine script. You can also specify the “title” of the input in the form of a short text string. The title is meant to explain the purpose of the input, and you can specify lowest and highest possible values for numerical inputs.

Instead of writing this in the code:

length = 20
mult = 2.0

You can declare variables length and mult as inputs:

length = input(20, minval=1, title=’Length’)
mult = input(2.0, minval=0.001, maxval=50, title=’Multiplier’)

Further usage of variables length and mult in the script of the indicator is just like any other variable. The indicator properties window now has an Inputs tab, where you can change the input values. The chosen values will be saved as defaults for all new instances of this indicator.

We edited the code of all standard scripts and added inputs. For example, here’s the MACD code:

study(title="Moving Average Convergence/Divergence", shorttitle="MACD")
source = close
fastLength = input(12, minval=1), slowLength=input(26,minval=1)
signalLength=input(9,minval=1)
fastMA = ema(source, fastLength)
slowMA = ema(source, slowLength)
macd = fastMA - slowMA
signal = sma(macd, signalLength)
hist = macd - signal
plot(hist, color=red, style=histogram)
plot(macd, color=blue)
plot(signal, color=orange)

First argument of the input function is the default value of the input variable. Other arguments are options. So, for brevity you can write something like this:

i = input(5)
f = input(5.2)
b = input(true)

A more detailed description of all possible function arguments can be found through this link - https://www.tradingview.com/study-script-reference/#fun_input

For now we added inputs of three types: whole numbers, floating point and boolean. Next we plan to add string, expression and symbol/ticker.

Working with the “security” function

Security function (https://www.tradingview.com/study-script-reference/#fun_security) lets you receive data from additional symbols and resolutions, other than the ones to which the indicator is applied. It existed in the first version of Pine Script, but a number of technical difficulties allowed its use in only several of the simplest cases (see standard scripts Compare and Correlation Coeff). We released a number of improvements designed to broaden the possibilities of the security function.

The Advance Decline Line indicator is an example of a more advanced usage of the security function:

study(title = "Advance Decline Line", shorttitle="ADL")
sym(s) => security(s, period, close)
difference = (sym("ADVN") - sym("DECN"))/(sym("UNCN") + 1)
adline = cum(difference > 0 ? sqrt(difference) : -sqrt(-difference))
plot(adline)

The script requests three securities at the same time. Results of the requests are then added to an arithmetic formula. As a result we have a stock market indicator used by investors to measure the number of individual stocks participating in an upward or downward trend (http://en.wikipedia.org/wiki/Advance%E2%80%93decline_line).

Third parameter of the security function doesn’t have to be a simple open, high, low, close or volume. This can be any arithmetic expression or a function call. For example, with the help of security you can view a minute chart and display an SMA (or any other indicator) based on a any other resolution (i.e. daily, weekly, monthly).

study(title="High Time Frame MA", overlay=true)
src = close, len = input(9)
out = sma(src, len)
out1 = security(tickerid, 'D', out)
plot(out1)

Self-Referencing variables

Sometimes it’s necessary to have something in an indicator that stores a status. To solve such issues we created self-referencing variables in Pine Script. A self-referencing variable is a variable that refers to its past values on previous bars from the right side of its declaration. For example:

srv = close + srv[1] + srv[2]

However, on the first bar there is no srv value, so the value srv[1] will be missing on the first bar (to be more precise it will be NaN – Not-A-Number). To change the NaN values it’s possible to turn call to previous values into a nz function (https://www.tradingview.com/study-script-reference/#fun_nz) as follows:

srv = close + nz(srv[1]) + nz(srv[2])

If you don’t, adding any number with NaN will result in NaN and other calculations won’t work.

With the help of self-referencing variables it’s possible to count all existing bars, although there’s a built-in variable n (https://www.tradingview.com/study-script-reference/#var_n):

study(title="Bar Counter")
barn = na(barn[1]) ? 0 : barn[1] + 1
plot(barn)

Or it’s possible to calculate the moving average without the built-in sma function:

study(title="Custom Simple MA", overlay=true)
len = input(9)
sum = nz(close) + nz(sum[1]) - nz(close[len])
plot(sum/len) 

Multiline functions

Pine Script language initially let you declare simple one-line functions, for example:

rnd(val) => val > .99 ? .999 : val < -.99 ? -.999 : val

Of course it’s difficult to do any sort of advanced calculations with just these. So we decided to expand the syntax of declaring functions by making them multiline. Here’s an example of a multiline function:

fun(x, y) =>
    a = x * x
    b = y * y
    sqrt(a + b)

The body of the function is comprised of several statements, each places on a separate line which begins with a tab or 4 spaces (we wanted to make the syntax similar to Python). Statements in the body of the function, except for the last one, must be declarations for variables. The last statement must be an expression, and this will be the value returned by the function. Syntax of one line functions is still supported.

Multiline functions together with self-referencing variables let us build the Connors RSI in Pine Script:

study(title="Connors RSI")
src = close, lenrsi = 3, lenupdown = 2, lenroc = 100
updown(s) =>
    isEqual = s == s[1]
    isGrowing = s > s[1]
    ud = isEqual ? 0 : isGrowing ? (nz(ud[1]) <= 0 ? 1 : nz(ud[1])+1) : (nz(ud[1]) >= 0 ? -1 : nz(ud[1])-1)
    ud
rsi = rsi(src, lenrsi)
updownrsi = rsi(updown(src), lenupdown)
percentrank = percentrank(roc(src, 1), lenroc)
crsi = avg(rsi, updownrsi, percentrank)
plot(crsi)
band1 = hline(70)
band0 = hline(30)
fill(band1, band0)

We are certain that our users will find lots of uses for multiline functions in Pine Script.

Valuewhen and barssince functions

Barssince function (https://www.tradingview.com/study-script-reference/#fun_barssince) lets you receive the number of bars since some condition is filled, for example when close crossed with SMA.

study(title="barssince example")
cross_s = cross(close, sma(close, 20))
plot(barssince(cross_s))

Valuewhen function (https://www.tradingview.com/study-script-reference/#fun_valuewhen) returns the value of the specified series at the moment when the condition was filled. For example, the value of the bar when close crossed with SMA.

study(title="valuewhen example", overlay = true)
cross_s = cross(close, sma(close, 20))
plot(valuewhen(cross_s, close, 0), color=red, linewidth=3)

Third parameter lets you receive the value after a certain number of times a condition was filled. For example, her the close when it was crossed for the third time (countdown starts at 0, into history)

valuewhen(cross_s, close, 2)

A good example of valuewhen usage is the Divergence Indicator, which you can find in the list of standard scripts.

Barcoloring of series – barcolor

The long-awaited function barcolor lets you specify a color for a bar based on filling of a certain condition. You can use inside and Outside bars in different colors.

study(title="barcolor example", overlay = true)
isUp() => close > open
isDown() => close <= open
isOutsideUp() => high > high[1] and low < low[1] and isUp()
isOutsideDown() => high > high[1] and low < low[1] and isDown()
isInside() => high < high[1] and low > low[1]
barcolor(isInside() ? yellow : isOutsideUp() ? aqua : isOutsideDown() ? purple : na)

As you can seem, when passing the na value, the colors stay the default chart color.

Background coloring – bgcolor

Similar to the barcolor function, the background function changes the color of the background. Function will the color of that can be calculated in an expression, and an optional parameter transp – transparency from 0-100, which is 90 by default.

As an example, here’s a script for coloring trading sessions (use it on EURUSD, 30 min resolution)

study(title="bgcolor example", overlay=true)
timeinrange(res, sess) => time(res, sess) != 0
premarket = #0050FF
regular = #0000FF
postmarket = #5000FF
notrading = na
sessioncolor = timeinrange("30", "0400-0930") ? premarket : timeinrange("30", "0930-1600") ? regular : timeinrange("30", "1600-2000") ? postmarket : notrading
bgcolor(sessioncolor, transp=75)

Improvement of the fill function

Fill function lets you color the background between two series, or two horizontal lines (created with hline). In its first version, it was significnatly limited – it couldn’t be used more than once per script. That behavior was influenced strictly by technical limitations. Right now there are no limitations for the number of fills, which is shown by the following example:

study(title="Fill Example")
p1 = plot(sin(high))
p2 = plot(cos(low))
p3 = plot(sin(close))
fill(p1, p3, color=green)
fill(p2, p3, color=blue)
h1 = hline(0)
h2 = hline(1.0)
h3 = hline(0.5)
h4 = hline(1.5)
fill(h1, h2, color=yellow)
fill(h3, h4, color=lime)

Improvements in arithmetic functions

Thanks to our users who write scripts in Pine Script and tell us their feedback here https://getsatisfaction.com/tradingview, we’ve fixed a large number of issues. We added some new functions, which we didn’t have in the past. For example, https://www.tradingview.com/study-script-reference/#fun_round

One of the most common problems is the calculation of the length, and then its usage in functions like sma, wma and others. For example:

length = input(9)
s = sma(close, round(sqrt(length)))
plot(s)

Most arithmetic functions in Pine Script return float (sqrt, exp, log, floor, ceil). However sma requires a second argument for length as a whole numbered value. Now you can get it using the function round.

We noticed the need for a round function in the first version of Pine Script after we tried to add the HullMA indicator.

study(title = "Hull MA", shorttitle="HMA", overlay = true)
source = close, length = input(9, minval=1)
hullma = wma(2*wma(source, length/2)-wma(source, length), round(sqrt(length)))
plot(hullma)

Now you can find the HullMA indicator among other built-in indicators: Open Script Editor, click New and choose HullMA in the list.

 

Automatic type casting

In the first version of Pine Script it was possible to calculate expressions like this:

s = close + 5
plot(s)

The built-in variable close has a series type. Type of the literal 5 – integer. This resulted in 5 being added to each close price, However, the next code was not performed.

s = 5
plot(s)

But because the plot function demands that the first argument be of the series type. We added the automatic type casting of the integer and float types in to the series type. Now it works.

 

Conclusion

PineScript – is a young, but fast-growing language meant for traders, We are constantly working on improving existing features, and adding new ones. We will always be happy.to listen to feedback in terms of features and bugs. You can submit bug reports here – https://getsatisfaction.com/tradingview/topics/pine_scripting_language. Thank you for using TradingView!

 

We are proud to point out that our community has really grown and has become more professional over the past year. The amount of ideas and conversations is constantly growing, and so does the need for moderators. Our primary objective is that high quality content remains visible, while filtering out the not so good things.

Moderators are regular members of our community who earned trust from other TradingView members. They showed a desire to help maintain high quality of published ideas and help build a respectful and helpful community.

  • Moderators make the decision which ideas become Suggested (read more about suggested ideas)
  • Hide unhelpful ideas
  • Delete inappropriate comments
  • Moderate chat (delete inappropriate messages, send warning messages and ban users in the chat)

TradingView community is well-known for highly intelligent ideas and mutual respect, so moderators don’t usually delete content – they sort it so that it’s easy to find and analyze. However, if there are inappropriate comments, chat message or unhelpful ideas, they will be swift to clear that out.

Moderator activity is not compulsory, you can do it while you are doing other things on TradingView. Each moderator gets a PRO RT subscription for free.

Tradingview gives investors a way to find trading ideas unlike anything that existed before. Individual investors, like you, know more about the market than famous analysts from Wall St. We have seen it again and again when experts talk a lot and have no clear direction.

TradingView users have concrete ideas, and they are not afraid to be wrong. They want to see the big picture and look at problems through other people’s eyes. They know the collective consciousness is often more powerful and knowledgeable than experts by themselves.

It’s simple, it always starts with a single post. Once you’ve put yourself out there, you’ll realize that it only makes you better. All it takes is one to start!

Start sharing your ideas today, criticize and agree with others, add important details they may have forgotten. Together, all these interactions make up the golden jewels of knowledge that can be used by many. Our community is built solely on non-profit interactions of talented investors, who are helping each other prosper. We don’t pay authors and don’t buy articles – everything you see is genuine grassroots analysis! We believe that together we can make investing more effective and transparent.

Share something today!

 

TradingView is proud to present the Pine scripting language! TradingView is the first platform of to have this kind of functionality, combined with advanced real-time charting and a super-engaged community of investors discussing ideas.

TradingView provides a large set of prebuilt PineScripts (indicators) out of the box. We realized that wasn’t enough for all our users, and adding every script would just make TradingView too large to handle. As a solution, we built the Pine programming language specifically so our users could modify existing PineScripts for their own needs or create custom ones.

The project is still in very early stage, but even now can be useful to a large number of people – so we decided to open even the early beta to the public. We invite everyone to try it and give us feedback. It’s a BETA, which means it probably has errors. With your feedback, we promise to work on fixes and improvements. Currently it’s available for free to everyone. In the future, this may or may not change – depending on how it will affect our server loads.

This article will show you how to begin editing and building PineScripts. It assumes that you are familiar with mathematics and programming basics. Although, with perseverance, anyone can figure it out. We deliberately made it as easy as possible, while keeping it flexible and powerful – to make it understandable to the widest possible audience.

 

The first thing you’ll notice is the new Script Editor button on the toolbar, and the new tab called Custom Scripts in the studies windows.

Through Script Editor you can create a new PineScript or open an existing one. More often it’s easier to tweak existing PineScripts than to create a new one. Start with choosing a template (i.e. which indicator you want to use as the base). We added templates for most indicators available in the default library.

 

Clicking Save will save the indicator and it’ll appear on the Custom Scripts tab.

Let’s practice! For example, the default Stochastic RSI is just not good enough for you – you want three levels. Let’s customize the existing Stoch RSI:

1. Click Script Editor. Then click New and choose Stochastic RSI.

2. Click Save (or press Ctrl+S on your keyboard). We get this:

 

3. Add the PineScript to your chart by clicking Add to Chart. In the future, an applied script will recalculate every time you click Save.

 

4. Now let’s add the levels that we wanted.

 

5. Click Save and look at the results! Scripts now have an additional button (next to its name) that will open the Script Editor.

 

Now let’s try ADDING something that’s not a default on TradingView. For example, you read somewhere that the Chande Momentum Oscillator is just the best, and want to try it out.

1. Open the Script Editor. Click New and choose Blank.

2. We’ll give it a name: “Chande Momentum Oscillator” and abbreviation “CMO“. Save, and we get this:

 

3. Now we need to enter the formula. To find it, use Google or Investopedia.

 

Pretty simple. The code looks like this:

 

Click Add to Chart and this is the result

 

4. Now we need to add the signal line and levels. Here’s what Investopedia says:

 

So, we need to add a signal line with Length = 9 and levels of 50/-50.

 

Click Save and we get this.

We tried to make the editor as simple and user-friendly as possible:

  • Syntax has highlighting
  • Help included for all available functions (question mark on the toolbar)
  • Help for functions through tooltip under the cursor
  • Hotkeys
  • Autocomplete through Ctrl-Space.

 

We hope you enjoy using TradingView’s Pine programming language! Try it and let us know your feedback.

 

TradingView users can now access daily updated, institutional quality, fundamentals data on U.S. companies, including ~200 data fields. Viewing company financials in the context of history and market coverage lets you put current financials in sharp perspective, especially when compared to peers and the company’s own performance over time. Now you’re a step ahead with the best fundamental stock analysis data.

FxWire Pro is the recommend forex newswire service for TradingView. The FxWire Pro newsfeed comes readily integrated with TradingView charts.

FxWire Pro launches Currency Forecasts by top 60 global banks

FxWirePro – “fastest growing institutional FX newsfeed” is proud to introduce “Currency Forecasts” to our newswire service through TradingView. Currency Forecasts are the compilations of various aggregated surveys, polls and insights for major currency pairs provided by top 60 global banks, trading houses, economists and strategists. Currency Forecasts will equip the traders with exclusive and intelligent insights into Institutional sentiment of the market direction. The addition will prove immensely beneficial to the FX traders as they are not limited to forecasts from few research institutions or banks but from a large pool of institutional banks which increases the accuracy. Currency Forecasts will be published daily depending on the releases from various institutions. All forecasts are available for one month, three months, six months and one year.

About FxWirePro

FxWirePro is a comprehensive newswire service for investors and traders that covers all the news affecting the currency markets in a truly trader friendly format – succinct and to the point. FxWirePro is the only newswire service dedicated to FX Trader and is short and concise allowing traders to grasp the full news in the shortest possible time. Each news item is carefully pre-selected for publication into the newswire to ensure its relevancy for the FX Trader. The newswire comes readily integrated on the TradingView platform.

Extended Hours on TradingView

Extended Trading Hours released on TradingView! 

This feature is also known as PRE and POST market trading sessions. This information lets traders and investors know what’s happening outside of regular trading hours, and lets you stay more informed about the market!

Extended hours were  available to everyone while we were testing in beta, and after today’s release are part of the PRORT package (only 19.95/month!). TradingView PRORT users are getting more and more value added for the same $$. Sign up today and start benefitting from more features on TradingView!

We’re glad to announce the release of a world-renowned analysis tools Jurik Research on TradingView. Jurik Research has gained the reputation of the most reliable, precise and smooth indicators. Ideally, you would like a filtered signal to be both smooth and lag-free. Lag causes delays in your trades, and increasing lag in your indicators typically result in lower profits.

 

JMA. Investors, banks and institutions worldwide ask for the Jurik Research Moving Average (JMA). You may apply it just as you would any other popular moving average. However, JMA’s improved timing and smoothness will astound you.

jma_anim

 

RSX. The popular RSI indicator simultaneously measures trend velocity and quality. RSI gives a strong signal when a trend is fast and clean. However, RSI is a jittery signal, making technical analysis very difficult. Jurik’s RSX is vastly superior. The chart compares the classic RSI to Jurik’s RSX.

rsx_comp

 

VEL. The classical momentum indicator is a simple yet effective measure of market direction. Typical attempts to remove noise by applying a moving average will seriously degrade its usefulness by adding lag. Jurik Research solved this problem with an advanced momentum oscillator that produces very smooth curves.

vel2

 

CFB. Serious analysts are now adjusting the speed of their indicators to the duration of market trend. If this idea appeals to you, you need a tool that measures price trend duration, not cycle length. Jurik Research discovered, back in 1996, how fractals could readily assess the duration of market trend. The new indicator, called CFB (Composite Fractal Behavior), works well whether or not the price time series has any cycle components.

cfb2

 

DMX. DMX is the ultra-smooth, low lag version of your classic DMI indicator. With DMX on your charts, you can throw away both DMI and ADX. The classic indicator ADX is a smoothed (and lagging) version of the more basic, and more noisy, DMI indicator. DMI itself is composed of two jittery components, DMI.up and DMI.down, combined the following way: DMI=| DMI.up – DMI.down | / | DMI.up + DMI.down |

dmi_pole

Stan Bokov, chief operating officer and co-founder of Chicago startup TradingView, makes a presentation Wednesday during Techstars Chicago’s Demo Day at the House of Blues in Chicago.

The audience at Demo Day is an encouraging one, populated with many local tech community members who mentored the startups over the summer. When TradingView co-founder Stan Bokov said the average visit to his site lasts 50 minutes and 17 seconds, an impressive amount of time in the attention-scattered world of Web browsing, he was greeted with applause.

 

ct-ct-biz-demo-day-a-jpg-20130828

We’ve achieved and accomplished a great deal at the moment and as far as you know – TradingView is the BEST online charting.

We won’t stop on the current stage and create the best trading platform with such functionality as scanning, backtesting, alerts, etc. However, these are large complex features and the implementation takes time. Priority is highly important in this process. We want to focus our efforts and build the priority of features according to your opinion. Therefore we’d like to ask you what features are significant from your point of view.

Please see below the list of features that we’re going to implement and the link to Customer Community where you can vote for a particular feature simply by clicking +1. If the list is missing what you need – just add your own idea.

Features

Add your own feature!

More data and markets

Thank you for your input!

We released Volume Profile aka Volume at Price indicator. Active traders know that paying attention to volume can make the crucial difference in understanding how the market will move.

Key Benefits:

  • Know supply & demand changes over time
  • See volume activity at the highest point (POC)
  • Anticipate price changes with volume distribution analysis

The Volume Profile can be used in three ways:

Session View: For intraday analysis, see the volume profile for a specific trading session. Automatic calculation — no need to select a specific range.

Fixed Range: Need a specific time horizon? No problem. The fixed range feature shows the Volume Profile across a defined (or fixed) period of time.

Visible Range View: Looking for a larger date range? With the visible range feature, you can see the Volume Profile across an entire date range (i.e. 1 year, 5 year, etc.)

TRY OUR VOLUME PROFILE TODAY FOR ONLY $7/M

 vppp

 

We released Historical Volatility (HV) indicator and several new drawing tools including Head and Shoulders.

Definition of ‘Historical Volatility – HV’

The realized volatility of a financial instrument over a given time period. Generally, this measure is calculated by determining the average deviation from the average price of a financial instrument in the given time period. Standard deviation is the most common but not the only way to calculate historical volatility.

 

Head and Shoulders

The head-and-shoulders pattern is one of the most popular and reliable chart patterns in technical analysis. And as one might imagine from the name, the pattern looks like a head with two shoulders.

Head and shoulders is a reversal pattern that, when formed, signals the security is likely to move against the previous trend. There are two versions of the head-and-shoulders pattern. The head-and-shoulders top is a signal that a security’s price is set to fall, once the pattern is complete, and is usually formed at the peak of an upward trend. The second version, the head-and-shoulders bottom (also known as inverse head and shoulders), signals that a security’s price is set to rise and usually forms during a downward trend.

We released several new drawing types that you can use on your charts. We hope this will make TradingView even more useful and your experience more enjoyable.

The AB=CD Pattern
The AB=CD pattern is a price structure where each price leg is equivalent. The Fibonacci numbers in the pattern must occur at specific points. In an ideal AB=CD, the C point must retrace to either a 0.618 or 0.786. This retracement sets up the BC projection that should converge at the completion of the AB=CD and be either a 1.27 or 1.618. It is important to note that a .618 retracement at the C point will result in a 1.618 BC projection. A .786 retracement at the C point will result in a 1.27 projection. The most important consideration to remember is that the BC projection should converge closely with the completion of the AB=CD.

The Gartley Pattern
The Gartley pattern was outlined by H.M. Gartley in his book Profits in the Stock Market, published in 1935. Although the pattern is named “The Gartley,” the book did not discuss specific Fibonacci retracements! It was not until “The Harmonic Trader” was released that the specific retracements of the B point at a .618 and the D point at a .786 were assigned to the pattern. There are others who have assigned Fibonacci retracements to this framework. However, they use a variety of Fibonacci numbers at the B and D points. Despite these variations, the Fibonacci retracements that yield the most reliable reversals are the .618 at the B point and the .786 at the D point. Furthermore, the pattern should possess a distinct AB=CD pattern that converges in the same area as the 0.786 XA retracement and the BC projection (either 1.27 or 1.618). The most critical aspect of the Gartley is the B point retracement, which must be at a 0.618 of the XA leg.

The Crab Pattern
The Crab is a Harmonic pattern discovered by Scott Carney in 2001. The critical aspect of this pattern is the tight Potential Reversal Zone created by the 1.618 of the XA leg and an extreme (2.24, 2.618, 3.14, 3.618) projection of the BC leg but employs an 0.886 retracement at the B point unlike the regular version that utilizes a 0.382-0.618 at the mid-point. The pattern requires a very small stop loss and usually volatile price action in the Potential Reversal Zone.

The Bat Pattern
The Bat pattern is a precise harmonic pattern discovered by Scott Carney in 2001. The pattern incorporates the 0.886XA retracement, as the defining element in the Potential Reversal Zone (PRZ). The B point retracement must be less than a 0.618, preferably a 0.50 or 0.382 of the XA leg. The Bat utilizes a minimum 1.618BC projection. In addition, the AB=CD pattern within the Bat is extended and usually requires a 1.27AB=CD calculation. It is an incredibly accurate pattern and requires a smaller stop loss than most patterns.

The Butterfly Pattern
The general extension structure of the Butterfly pattern was discovered by Bryce Gilmore. However, the exact alignment of ratios was defined in Scott Carney’s 1998 book, “The Harmonic Trader.” This has become the industry standard for the structure. Scott’s ideal Butterfly Pattern requires specific Fibonacci ratios to validate the structure. These measurements include a mandatory 0.786 retracement of the XA leg at the B point, which defines a more precise Potential Reversal Zone (PRZ) and more significant trading opportunities. Also, the Butterfly pattern must include an AB=CD pattern to be a valid signal. Frequently, the AB=CD pattern will possess an extended CD leg that is 1.27 or 1.618 of the AB leg. Although this is an important requirement for a valid trade signal, the most critical number in the pattern is the 1.27 XA leg. The XA calculation is usually complemented by an extreme (2.00, 2.24, 2.618) BC projection. These numbers create a specific Potential Reversal Zone (PRZ) that can yield powerful reversals, especially when the pattern is in all-time (new highs/new lows) price levels.

Bitcoin developer Amir Taaki

Short answer is – because there is potential for HUGE returns. 

Fred Wilson and Union Square Ventures, for instance, lent some legitimacy to the market with their investment in Bitcoin exchange Coinbase. Lightspeed Ventures’ Jeremy Liew has made a few investments in the space and is looking for more. And SecondMarket founder and CEO Barry Silbert launched his own Bitcoin Opportunity Fund. So it’s not really a bad time to get into Bitcoin investment.

Links to relevant stories:

http://techcrunch.com/2013/05/14/liberty-city-ventures-digital-currency-fund

http://techcrunch.com/2013/06/19/30-days-in-bitcoin-angel-group-bitangels-doubles-network-to-120-puts-first-100k-into-seasteading-venture-blueseed/

Like Bitcoin itself (or not, depending on the day), the angel network and incubator is growing like crazy. One month removed from launch, BitAngels has doubled its number of investors to 120 and has added nearly $10 million in capital to its reserves, bringing its total to just under $18 million.

Links to relevant stories:

 http://techcrunch.com/2013/05/27/60-investors-band-together-to-form-bitangels-the-first-multi-city-angel-network-incubator-for-bitcoin-startups/

Here are the main features that we added recently:

 

INTRADAY SPREAD CHARTS

We made something that no one has made in online charts to date (as far as we know). Now you can build any spread chart by simply typing your formula in the Symbol Edit field using parentheses or multiple operators (+-*/). In addition to using multiple symbols in a spread, you can also use numerical constants such as MSFT + 50.

Spreads for intraday charts are calculated by taking the Open, High, Low, and Close of each 1-minute bar and then recompiled into the selected interval. This approach is the only one that results in correct spread charts. We handle all necessary calculations on our servers and display the finished spread chart in your browser. Welcome to the new era of online charting!

To enter a spread in TradingView, enter the first symbol and follow it with a space; next enter an operator (-)  for subtraction (+)  for addition (*)  for multiplication and (/) for division; then another space and then the next symbol.

Here are few examples:

1/USDCHF or chart inversions helpful when you want to chart the correlation between the EURUSD and the USDCHF for example. In this case you want to flip the USDCHF chart. Or VIX and S&P500 comparison: if flip one of them, it will be visually.

AAPL/EURUSD or AAPL*USDRUB allows you to the the stock price in other currency

AAPL/XAUUSD - Apple vs Gold

BATS:AAPL-NASDAQ:AAPL arbitrage between BATS and NASDAQ exchanges

BTCUSD-BTCEUR*EURUSD bitcoin arbitrage

FEU/XLB - pair trading example

spreadsss

 

 

S&P AND RUSSELL INDEXES ADDED

Standard and Poor’s 500 (SPX) is one of the most popular indexes in the world for traders to watch. The S&P 500 index includes 500 leading companies and captures approximately 80% coverage of available market capitalization. Standard and Poor’s also has a list of other useful indexes that you can research, i.e. S&P Midcap 400 (IDX). S&P 100 (OEX), and S&P Europe 350 (SEUD). There are literally hundreds of these, just search for “SnP” on your chart, and choose “Index” tab.

The broad-market U.S. index is the Russell 3000 Index (RUA), which is divided into several sub-indexes, including the small-cap Russell 2000 Index (IUX). The Russell Indexes are a family of global equity indices that allow investors to track the performance of distinct market segments worldwide. Many investors use mutual funds or exchange-traded funds based on the Russell Indexes as a way of gaining exposure to certain portions of the U.S. stock market. Additionally, many investment managers use the Russell Indexes as benchmarks to measure their own performance. There are literally hundreds of these, just search for “RUSSELL” on your chart, and choose “Index” tab.

 

BITCOIN

Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.

Bitcoins have an exchange rate with other currencies, i.e. Bitcoin/US Dollar (BTCUSD) and Bitcoin/Euro (BTCEUR), which you can now track in real-time on TradingView!

We currently support pairs for bitcoin with the following currencies – USD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, HKD, JPY, NZD, PLN, RUB, SEK, SGD, THB, NOK, CZK. Just search for “Bitcoin” on your chart, and choose the “Bitcoin” tab.

 

NEW INDICATORS

Awesome Oscillator

Choppiness Index

Connor’s RSI

Double EMA

Know Sure Thing

Relative Vigor Index

Relative Volatility Index

Triple EMA

Price Volume Trend

VWMA

VWAP was changed

 

AlgoviewEssential – NEW ADDON PACKAGE

The Algoview Essential package contains classical and widely used trading indicators. The majority of these indicators are “price action” oriented, with a candlestick patterns finder, a powerful range patterns indicator (to easily find NR4/NR7 patterns for example), and the popular ThrustBars. The other indicators are also very popular, with the MACDBB which helps to get a better picture than a simple MACD, and the famous SuperTrend, which is an excellent tool to manage trailing stops. Six additional indicators will be added later in this package. Trading is not easy, and nothing is black or white, but with these tools you will have a clearer view of what’s happening on a market, it’s up to you to use it in your favor! Visit PRO page to learn more.

Here’s a story: you are looking at Apple chart and you want to know what other people thought. To see best Apple ideas click the Lightbulb Idea icon in the top toolbar. You’ll see Red, Yellow and Green dots appear on your chart – these are ideas published by other users for that day.

ids

Red dot means it was a Short/Bear Idea (person thought it’s going down), Yellow dot means a Neutral Idea and Green dot means it’s a Long/Bull Idea (author thought it was going up). Click any dot and the idea pops up!

On the idea you can do multiple things – click Play to see how it played out, Like the idea, leave a Comment with feedback, and Scroll to nearby ideas left and right. This feature will show only ideas Suggested by TradingView, so you are seeing best of the best.

iot

We made something that no one has made in online charts to date (as far as we know). Now you can build any spread chart by simply typing your formula in the Symbol Edit field using parentheses or multiple operators (+-*/). In addition to using multiple symbols in a spread, you can also use numerical constants such as MSFT + 50.

Spreads for intraday charts are calculated by taking the Open, High, Low, and Close of each 1-minute bar and then recompiled into the selected interval. This approach is the only one that results in correct spread charts. We handle all necessary calculations on our servers and display the finished spread chart in your browser. Welcome to the new era of online charting!

To enter a spread in TradingView, enter the first symbol and follow it with a space; next enter an operator (-)  for subtraction (+)  for addition (*)  for multiplication and (/) for division; then another space and then the next symbol.

Here are few examples:

1/USDCHF or chart inversions helpful when you want to chart the correlation between the EURUSD and the USDCHF for example. In this case you want to flip the USDCHF chart. Or VIX and S&P500 comparison: if flip one of them, it will be visually.

AAPL/EURUSD or AAPL*USDRUB allows you to the the stock price in other currency

AAPL/XAUUSD – Apple vs Gold

BATS:AAPL-NASDAQ:AAPL arbitrage between BATS and NASDAQ exchanges

BTCUSD-BTCEUR*EURUSD bitcoin arbitrage

FEU/XLBpair trading example

spreadsss

As part of the TechStars Chicago program TradingView is really excited to work IDEO, one of the top design and innovation consulting firms in the world. IDEO was recently featured in “60 minutes” (IDEO founder was friends with Steve Jobs and they designed the first Mac mouse) and does projects like Windows 8 Packaging Design, Brand Awareness for Samsung and (my personal favorite) a family- and patient-centered experience design for Nemours Children’s Hospital. You can look at their full list of projects here.

IDEO is generously donating time of their experts to help TradingView design a truly world-class user experience throughout the next three months. They believed in TradingView and our vision, and they also believed they can make it even better with their expertise. Looking forward to working alongside the super-experienced IDEO team of process, UX and UI designers and learning from the best!

While a startup could never afford their normal fees, it’s just so great that they reach out to young companies that have world-changing potential and help them spread their wings (and TradingView is one of them!). Well done IDEO! Way to go!

As with any community, users is what truly makes TradingView and everything happen. This site wouldn’t be possible if it wasn’t for you guys!

 As a note – TradingView was recently accepted into the #1 startup accelerator in the country, TechStars Chicago. They believed in our vision and are doing everything right now to help TradingView grow into something large, unique and awesome. We are in Chicago and working with mentors and investors on correctly formulating our value proposition, define our target audience, and decide which features we need to build first.

The best thought we’ve had is – why not ask our users directly what they want, and what they think? For you it’s a chance to get involved with the business and see your wishes come true on TradingView.

Keep in mind, just listing every feature you want isn’t really helpful – we’d like to build them all too, and today if possible. But we are constrained by resources (time and money available), so we need to prioritize, and with good reason. Our main goal is to build a large community, increase user engagement, and revolutionize the way people think about trading. What do you think can help with that?

We’ll be in Chicago until at least August 28th, which is when we’ll have our DemoDay at the House of Blues. If some of you are near here – email me and I’d love to chat/meet and talk about TradingView.

Please email me at sbokov@tradingview.com and we can start talking. Thanks again for making TradingView possible!

- Stan Bokov

COO, Co-Founder

TradingView

Bitcoin is an experimental, decentralized digital currency that enables instant payments to anyone, anywhere in the world. Bitcoin uses peer-to-peer technology to operate with no central authority: managing transactions and issuing money are carried out collectively by the network.

Bitcoins have an exchange rate with other currencies, i.e. Bitcoin/US Dollar (BTCUSD) and Bitcoin/Euro (BTCEUR), which you can now track in real-time on TradingView!

We currently support pairs for bitcoin with the following currencies – USD, AUD, CAD, CHF, CNY, DKK, EUR, GBP, HKD, JPY, NZD, PLN, RUB, SEK, SGD, THB, NOK, CZK. Just search for “Bitcoin” on your chart, and choose the “Bitcoin” tab.

At TradingView, we are building products that help you make better trading decisions. If you’re interested in joining us, check out these opportunities:

  • Javascript/HTML5 developer
  • Erlang/Java developer
  • Tester/QA

We are super excited to announce that TradingView was accepted as one of the 10 participants in the TechStars Chicago accelerator program this summer! This means we’ll be going down to Chicago to meet great new folks, hone up our offering and get some investors for our projects!

Let us know if you’d like to meet us in Chicago this summer.

Stan Bokov
sbokov@multicharts.com
1-614-569-0345

For those of you that don’t know, TechStars Chicago, formerly Excelerate Labs, had over 900 applicants from 6 continents making it the most competitive class the program has seen. TechStars Chicago portfolio companies enter into an intensive three-month summer program, followed by Demo Day, an annual August event that allows companies to showcase their products by pitching to more than 500 investors from across the country.

Acceptance rate for TechStars Chicago was just 1.1% (10 companies out of 904 applications), which is even tougher than major Ivy League schools.

At part of the program, TradingView receives $18K in seed funding and also has the option of a $100K convertible debt note. But more importantly they will have the opportunity to work with over 150 mentors that include Match.com CEO Sam Yagan, GrubHub cofounder Mike Evans, and Foundry Group cofounder Brad Feld. Last year’s class had over 600 one-on-one meetings with the mentors in the month of June alone.

TechStars Chicago Demo Day will take place at the House of Blues on August 28th.

Here are the main features that we added recently:

HotLists
Pre-built hot lists continuously scan the US stock market to identify best trading opportunities. HotLists dynamically show different symbols based on the criteria selected. Not to be confused with watchlists that always show only the symbols you chose to monitor.

hlist

Follow symbols
Now you can follow symbols just like you follow other users. You can follow all symbols that interest you and receive real-time and email alerts when a new idea is posted.

fsym

Bar Pattern drawing tool
New drawing tool that is unique to TradingView. It copies your price bars, creates a drawing out of them and lets you drag it around the chart. You can, for example, compare recent price movements to past or future moves.

HLC Bars
Added a new type of chart called High-Low-Close bars.

HotKeys for Watchlist
You can now use your keyboard to switch between symbols in the watchlist. Space, Shift+Space and up/down arrows are supported keys.

 

Did you know that you can add multiple symbols as overlays (one on top of another), or in different sub charts (stacking)?

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Price-based charts get their name because they take into account only price movements and ignore time and volume.
Point and Figure

This chart type only plots price movements, without taking time into consideration. A column of X’s is plotted as the price rises—and O’s as the price drops.

If you hold SHIFT while drawing a line, it will draw at a perfect 45 degree angle. This is especially useful when working with Point & Figure charts.
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Renko

This chart type only plots price movements, without taking time or volume into consideration. It is constructed from ticks and looks like bricks stacked in adjacent columns. A new brick is drawn after the price passes the top or bottom of previously predefined amount.

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Kagi

This chart type looks like a continuous line that changes directions and switches from thin to bold. The direction changes when the price changes beyond a predefined amount, and the line switches between thin and bold if the last change bypassed the last horizontal line.

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3 Line break

This chart type only plots price movements, without taking time or volume into consideration. This chart type displays a series of vertical boxes that are based on price changes.
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Heiken-Ashi

Heiken-Ashi means “average bar” in Japanese. Open, High, Low and Close prices of HA candlesticks are not actual prices, they are results from avergaing values of the previous bar, which helps eliminate random volatility.
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TradingView MarketPlace allows third party developers to integrate their trading product to TradingView. DecisionBar are independent, unaffiliated studies, which are not part of TradingView subscriptions – these are separate tools that you buy if you want. Description, algorithm, support and prices are all determined by the author.

DecisionBar Trading Software is based on the concept that market movement is psychological in nature and is driven by supply and demand, support and resistance, and momentum and exhaustion.

Since a price chart is graphical representation of just two variables, price and time, DecisionBar attempts to clarify what those two variable are telling you, as opposed to obscuring that information with complex mathematical formulas. DecisionBar works by keeping track of what the market you are trading has done in the past, and then alerting you when trading opportunities based on that movement occur in real-time.

DecisionBar can be adjusted to limit signals and whipsaws in volatile markets, alert you to trend changes in trending markets, as well as to give frequent signals for traders who use a “scalping” style of trading.

DecisionBar includes a BiasBar and Risk Oscillator to help you determine if a signaled trade is in sync with the market, and a Trailing Stop Module, based on Average True Range, to help you manage you trades as well as lock in profits.

The Trailing Stop Module can be set to tighten your stops when a preset profit threshold is reached, as well as adjust dynamically to changes in volatility, tightening your stops quicker if volatility decreases, and slower if volatility increases.

DecisionBar can be used on Bar and Candlestick charts and well as Renko and Heiken-Ashi charts. DecisionBar does not work on Point and Figure and Kagi charts. Please see the example of DecisionBar applied to TradingView charts below. The meaning of each signal is explained in the DecisionBar Trading Manual, but for the purposes of this discussion, all you have to know is that Green signals are Buy signals and Red signals are Sell signals. (Note: If you sign-up for DecisionBar for TradingView you will receive the DecisionBar Trading Manual via immediate download.)

For more info please visit the DecisionBar website at: http://www.DecisionBarTrading.com

The chart above shows DecisionBar
applied to a Candlestick chart in TradingView
.

 

The chart above shows DecisionBar applied to a Renko chart in
TradingView
.

The chart above shows DecisionBar applied to a Heiken-Ashi chart in
TradingView.

If the blog where you want to post forbids use of IFRAME then you need to contact the blog administrator and ask to add IFRAME Plugn. To learn more about how to do it with the WordPress blog engine follow this link.

 

NEW FOREX SYMBOLS:
EURNOK:Euro/Norwegian Krone
EURPLN:Euro/Polish Zloty
USDPLN:USD/Polish Zloty
EURCZK:Euro/Czech Republic Koruna
USDCZK:USD/Czech Republic Koruna
EURDKK:Euro/Danish Krone
GBPSEK:British Pound/Swedish Krona
CHFSEK:Swiss Franc/Swedish Krona
CHFNOK:Swiss Franc/Norwegian Krone
USDRUB:USD/Russian Ruble
USDHUF:USD/Hungarian Forint
EURHUF:EuroHungarian Forint
USDILS:USD/Israeli Sheqel

New Metals:
XAGUSD: Silver/USD
XPDUSD: Palladium/USD
XPTUSD: Platinum/USD