This statistical analysis tool mines historical relationships between RSI values and candle volatility. It calculates a 14-period RSI from the previous bar and normalizes absolute price change using a 14-period Average True Range (ATR). Based on the normalized
Indicator · Pine Script v5 · Own pane
Dip Finder
Dip Finder is a multi-indicator oscillator and screening tool designed to identify market bottoms and potential reversal points.
GitHub stars4on the repository
Pine versionv5runs as is
Lines of code343
Settings40inputs
LicenceNone stated
Last update2 years ago5 May 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Dip Finder calculates a WaveTrend oscillator with customizable overbought and oversold levels, combined with Awesome and Acceleration Oscillators, Bollinger Bands, and fund flow momentum models. It features configurable settings for scanning symbol groups across multiple timeframes while providing signal circle crosses and bar coloring in a separate pane.
- WaveTrend oscillator with custom overbought and oversold levels
- Combined Acceleration and Awesome Oscillator signals
- Bollinger Bands volatility calculations
- Multi-symbol list scanning inputs
Details
Published by
Kalumur on GitHub
Type
Draws
Separate pane below the chart
Markets
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Grup seç | string | 1 | grupSec |
| PERİYOT | timeframe | | per |
| Konum Ayarı | int | 20 | loc |
| Channel Length | int | 10 | n1 |
| Average Length | int | 21 | n2 |
| Over Bought Level 1 | int | 60 | obLevel1 |
| Over Bought Level 2 | int | 53 | obLevel2 |
| Over Sold Level 1 | int | -60 | osLevel1 |
| Over Sold Level 2 | int | -53 | osLevel2 |
| BB SMA Period | int | 20 | bbSmaPeriod |
| BB Standard Deviation | float | 2.5 | bbStdDevMult |
| AO Fast EMA Length | int | 5 | aoFast |
Show all 40 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| AO Slow EMA Length | int | 34 | aoSlow |
| AC Fast SMA Length | int | 5 | acFast |
| AC Slow SMA Length | int | 34 | acSlow |
| AC AO MA Period | int | 13 | maAcAoPeriod |
| Show AC AO MA? | bool | false | showMaAcAo |
| 1 | symbol | | sb1 |
| 2 | symbol | BIST:XAKUR | sb2 |
| 3 | symbol | BIST:XBANA | sb3 |
| 4 | symbol | BIST:XBANK | sb4 |
| 5 | symbol | BIST:XBLSM | sb5 |
| 6 | symbol | BIST:XELKT | sb6 |
| 7 | symbol | BIST:XFINK | sb7 |
| 8 | symbol | BIST:XGIDA | sb8 |
| 9 | symbol | BIST:XGMYO | sb9 |
| 10 | symbol | BIST:XHOLD | sb10 |
| 11 | symbol | BIST:XILTM | sb11 |
| 12 | symbol | BIST:XINSA | sb12 |
| 13 | symbol | BIST:XKAGT | sb13 |
| 14 | symbol | BIST:XKMYA | sb14 |
| 15 | symbol | BIST:XMADN | sb15 |
| 16 | symbol | BIST:XMANA | sb16 |
| 17 | symbol | BIST:XMESY | sb17 |
| 18 | symbol | BIST:XSGRT | sb18 |
| 19 | symbol | BIST:XSPOR | sb19 |
| 20 | symbol | BIST:XTAST | sb20 |
| 21 | symbol | BIST:XTCRT | sb21 |
| 22 | symbol | BIST:XTEKS | sb22 |
| 23 | symbol | BIST:XTRZM | sb23 |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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