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Christmas Toolkit

By LuxAlgoDec 21, 2023

Christmas Toolkit is an indicator on Vela, our next-generation charting platform, written in Pine Script®.

Static chart image

Christmas Toolkit dresses your chart as a full Christmas tree (garland, drifting snowflakes, a reindeer walking back and forth across the chart) and makes every ornament earn its keep. Seven baubles each track a real reading: RSI, Stochastic, price against the EMA 20, and the slopes of the EMA 20, 50, 100, and 200, coloring from lime to dark red as conditions swing from very bullish to very bearish. In the spirit of the library's composite tools, the star on top adds the points into one aggregate verdict.

How to Trade the Christmas Toolkit?

  • Ornament colors: lime is very bullish (+2), green bullish (+1), blue neutral, red bearish (−1), dark red very bearish (−2); RSI and Stochastic score +2 below 20, +1 from 20 to 30, −1 from 30 to 45, neutral from 45 to 55, +1 from 55 to 70, −1 from 70 to 80 and −2 above 80, and the EMA checks score on position and slope.
  • The star: more than 6 points glows lime, 6 exactly is green, −6 is red, below −6 turns dark red: the whole tree's opinion in one ornament.
  • Fallen stars and Last Switch: each change of the star's verdict to a non-neutral reading drops a fallen star along the bottom of the chart on that bar, and Last Switch tracks the latest decisive change between the green and red camps, ignoring neutral phases.

A legend beside the tree names each condition in its current color, so the novelty never hides what drives the star. Everything else (swaying needles, the reindeer's progress) is pure holiday atmosphere.

Christmas Toolkit Settings

  • Width / Offset: width of the tree and its horizontal placement.
  • Garland Rotations: rotation count, which shapes the garland's style.
  • Tree Color: color of the tree's needles.
  • Static Tree: keep the needles still, or let them sway with each chart tick.
  • Deer Speed (1 to 10): how many bars the reindeer steps per chart update as it walks back and forth across the visible range.
  • Color and style inputs cover the garland.

Frequently Asked Questions

Free to use

Run it on Vela. Go further with a paid plan.

  • Up to 500 Custom Alerts, with webhook automation
  • Up to 10× the chart history of Free
  • Orderflow lookback up to full history
  • More Quant usage to customize it, plus extra usage when you need it
  • Futures data alongside crypto, stocks, forex and commodities
See plans

Also works on

TradingView
Original indicatorBuilt in-house by LuxAlgo

Run it on Vela. Make it yours with Quant.

Open this indicator free on Vela, our next-generation charting platform. Then ask Quant, our coding agent built into Vela, to retune it or turn it into a backtested strategy of your own.