This indicator calculates the distribution of close-to-close percentage changes using rate of change on closing prices. It bins percentage changes into intervals of 0.25 percent increments from negative to positive values and plots a normalized cumulative hist
Indicator · Pine Script v5 · Own pane
Hello World
Demonstrates symbol information functions alongside basic Average True Range (ATR) conversions.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code18
Settings0inputs
LicenceNone statedfile: MPL-2.0
Last update2 years ago3 Oct 2024
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
18 lines of Pine Script v5 from 06. Functions & Variables/08. Symbol Info.pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This Pine Script™ code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © cmoutafidis
//@version=5
indicator(title="Hello world")
atr = ta.atr(14)
plot(atr)
atrPoints = atr / syminfo.mintick
plot(atrPoints, color = color.red)
atrPips = atrPoints / 10
plot(atrPips, color = color.purple)
if barstate.islast
label.new(bar_index, high, text = syminfo.description)
label.new(bar_index, low, text = syminfo.tickerid, color = color.red)
Overview
Hello World calculates a 14-period ATR, converts the values into mintick points and pips, and plots each metric in a separate pane. Additionally, on the most recent historical bar, it renders chart labels containing the symbol's description and ticker identifier.
- ATR point and pip conversion
- Symbol description and ticker labels
- Multi-metric ATR plotting
Details
Published by
fiji-solutions on GitHub
Code credit
cmoutafidis, as written in the script's header
Type
Indicator, Pine Script v5
Draws
Separate pane below the chart
Category
Volatility & bands
Markets
Any symbol
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.
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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