Action Section, Volatility Choppiness Indicator (by ChartArt)Here is a solution to find entry points to trade. This indicator highlights price sections with low choppiness, where both the ADX (Average Directional Index) indicator shows strong movement (up or down!) in the price and a customized Money Flow indicator (which uses only the change of the volume not the change of the price, hence a Volume Flow indicator), also shows volatility is present. Using higher filter values than the default setting of "30" reduces the noise, but also shows less 'action sections'. Vice versa using values lower than "30" increases the amount and duration of action sections which are shown.
The "action section" indicator does not show the direction if the price is going up or down. It shows if there is enough action worthy the time to trade (lower odds of a neutral sideways trend). Therefore in addition a Heikin-Ashi based price change indicator can optionally be plotted, which shows the actual direction of the price.
Action Section, High Volume Volatility & Low Price Choppiness Indicator
This indicator works only on charts which have volume data.
[i]price
Bitcoin SpreadIt selects the min/max price for btc/usd from a set of exchanges and shows them on the chart. It is possible to add or remove exchanges by editing the source code
Percent change bar chart v 2.0 This histogram displays price or % change from previous bar.
Can be applied to any time frame.
15/12/2016 Update:
Number of digits after the floating point for study values on the axis now two.
Percent change bar chart This histogram displays price or % change from previous bar.
Can be applied to any time frame.
Price Action Awesome IndicatorThis indicator is everything you need to do Price Action Trading.
It provides signals about:
Inside Bars
Pin Bars
Fakey Pin Bars (background color red or green for bearish or bullish fakeys)
Seismic Market Spike Detector v1.0 Seismic Market Spike Detector v1.0
This indicator helps identify spikes in market activity , typified by bars with extreme open / close or high / low prices.
This indicator plots 2 lines. The Blue line simply depicts extreme price movements with in that bar regardless of the initial opening price of the closing price of the bar. This allows you to get an insight into the current volatility of the price at that time in the market. Quite often big price swings with in bars are missed as people pend to tunnel vision on the open or close price - or other indicators derived from open / close.
The Red line is similar to the blue bar as it depicts extreme price movements with in the bar , but it will show the direction the market moved in by the close of the bar - and relatively how much the market moved. This is helpful for spotting breakout price action or short term spikes. Quite often after a breakout the market will restore itself to an equilibrium in the opposite direction. Sometimes this happens with an opposing aggressive spike , some times it makes a steady return to a known price level. Either way its a great time to place entry orders if you are looking to turn a fast profit or alternatively a good warning of forth coming price volatility.
Here are some tips for analysing the red and blue lines :
1)If the red line is pointing upwards , this indicates a sharp rise in the price.
2)If the red line is pointing downwards , this indicates a sharp fall in the price.
3)If the red line is flat but the blue line is spiked in either direction - this indicates the price was volatile with in the bar , but the price closed relatively near to the surrounding price bars. Perhaps a limit / stop triggered by this kind of activity - this is an easy way to determine why and re-enter.
4)If the red and the blue lines are flat - the price is steadily moving with a trend or trading sideways in a confined range.
Chauvenet RadiusThe Chauvenet criterion is a well-known criterion of selection and rejection of the data used by the Physics. It establishes that in an experiment is well to discard the data whose distance from the average is greater than a certain number of the delta.
In the stock market if prices move away from the average with a volatility too high are suspect. This principle is embodied in the Chauvenet floor with the definition of two asymptotes and two data areas rejection.
The Chauvenet Radius is the quadratic sum of the delta (distance from average) and sigmoid (volatility) and is therefore an obvious market stability index. In fact the moments when price strongly moves away from the average with high volatility coincide with the moments of high instability of the market.
It can be considered an evolution of John Bollinger method introduced during the '80.
Source: www.performancetrading.it
Price/OBV divergenceShows agreement or disagreement between the direction of the the price and the on-balance volume. When they disagree, the price is supposed to follow the OBV (or so they say.)
Price Regression AgreggatorPrice Estimator with aggregated linear regresion
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How it works:
It uses 6 linear regression from time past to get an estimated point in future time, and using transparency, those areas that are move "visited" by those 6 different regressions and maybe more probable to be visited by the price (in fact if you zoom out you will see that price normally is around the lighter zones) have more aggregated painted colors, the transparency is lower and well, the lighter area should be more probable to be visited by the price should we put any faith on linear regression estimations and even more when many of them coincide in several points where the color is more aggregated.
If the "I" (the previous regressions increment) is too low, then we will have huge spikes as the only info gathered from the oldest linear regresssion will be within the very same trend we are now, resulting in "predictions" of huge spikes in the trend direction. (all regressions estimating on a line pointing to infinite)
If the "I" is high enough (not very or TV won't be able to display it) then you will get somewhat a "vectorial" resultant force of many linear regressions giving a more "real prediction" as it comes from tendencies from higher timeframes. E.g. 12 hours could be going down, 4h could be going sideways, 30m could be going up.
contact tradingview -> hecate . The idea and implementation is mine.
Note: transparency + 10 * tranparencygradient cannot be > 100 or nothing will be displayed
Note2: if the Future increment (how many lines are displayed to the right of the actual price ) are excessive, it will start to do weird things.
Note3: two times the standard deviation statistically correponds to a probability of 95%. We are calculating Top and Bot with that amount above and below. So anything inside those limits is more probable and if we are out of those limits it should fall back soon. Increase the number of times the std deviation as desired. There are calculators in the web to translate number of times std dev to their correspondent probability.
Note4: As we use backwards in time linear regressions for our "predictions" we lose responsiveness. Those old linear regressions are weighted with less value than more recent ones.
Note5: In the code i have included many color combinations (some horrible :-) )
Note6: This was an experiment while i was quite bored although ended enjoying playing with it.
Have fun! :-)
I leave it here because i am getting dizzy.
YK Fuller BarsThe script highlights "Fuller's pins" and generates alerts when these bars are appearing
ET-ATR-Price-OverlayOverlays the Average True Range high/low over Price. Shifts between support and resistance levels (based on ATR-21) according to price trend and breaks.
Average true range: en.wikipedia.org
@EmpoweredTrader
Herrick Payoff IndexThe Herrick Payoff Index is designed to show the amount of money flowing into or out of a futures contract. The Index uses open interest during its calculations, therefore, the security being analyzed must contain open interest.
The Herrick Payoff Index was developed by John Herrick.When the Herrick Payoff Index is above zero, it shows that money is flowing into the futures contract (which is bullish). When the Index is below zero, it shows that money is flowing out of the futures contract (which is bearish).
The interpretation of the Herrick Payoff Index involves looking for divergences between the Index and prices.
Price above/below EMAThis script will give you red/green columns to indicate if price is above or below a certain EMA. With Candlestick charting, we are looking for price in relation to the 8 ema Trigger Line (T-Line). You can adjust this indicator to fit your need. Simple, but nice to quickly see.
Oops. Last line's title should be "Sell". Doesn't affect display though.
PE_Price_OscillatorHello!
This is similiar to the Price Oscillator ( PPO) that you can find in the Technical Analysis: Built ins.
It is just added colors so you can see patterns when the lines( histogram) are crossing , maybe add some alerts when plots are crossing different levels.
I want to say that I´m no expert in this area, I just had an idea about this and wanted to see if it was possible to create an oscillator that in some way explains the power inside, so this is what i come up with.
hope you like, feel free to change
All the best
Patrik
Trend, Stoch, Price Action or in short: TSPCombining the three most important factors that a trader usually needs in a single indicator.
Red = Trend
Blue = Stoch
Orange = Price Action
Stocks Box (by ChartArt)Get a multi-time frame (MTF) view of the price!
You can select to see either close price (default), or HL2 price, or HLC3 price, or OHLC4 price of all time-frames.And you change the smoothing method (and smoothing period) of the daily price, which is shown as a blue line, with period 10 WMA smoothing as default.
P:S. I had the drawings on the chart hidden, because they have nothing to do with the indicator, but with publishing the script they showed up again :(
[RS][JR]RSI Price BandsRSI Price Bands
By Ricardo Santos and JR
Have you ever wondered what RSI would look like as a Band? Well here it is. First premier Trading View special, RSI Price Band. Red shows overbought and Green shows oversold. You can also adjust what levels you prefer for overbought and oversold, and what additional RSI lengths you would like to see displayed on the chart..