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Simple Grid Lines VisualizerAbout Grid Bots A grid bot is a type of trading bot or algorithm that is designed to automatically execute trades within a predefined price range or grid. It is commonly used in markets that exhibit ranging or sideways movement, where prices tend to fluctuate within a specific range without a clear trend. The grid bot strategy involves placing a series of buy and sell orders at regular intervals within the predefined price range or grid. The bot essentially creates a grid of orders, hence the name. When the price reaches one of these levels, the bot will execute the corresponding trade. For example, if the price reaches a predefined lower level, the bot will buy, and if it reaches a predefined upper level, it will sell. The purpose of the grid bot strategy is to take advantage of the price oscillations within the range. As the price moves up and down, the bot aims to generate profits by buying at the lower end of the range and selling at the higher end. By repeatedly buying and selling at these predetermined levels, the bot attempts to capture gains from the price fluctuations. About this Script Simple Grid Lines Visualizer is designed to assist traders in visualizing and implementing automated price grids on their charts. With just a few inputs, this script generates gridlines based on your specified top price, bottom price, and the number of grids or profit per grid. How it Works: Specify Top and Bottom Prices: Start by setting the top and bottom prices that define the range within which the gridlines will be generated. These prices can be based on support and resistance levels, historical data, or any other factors you consider relevant to your analysis. Determine Grid Parameters: Choose either the number of grids or profit per grid, depending on your preference and trading strategy. If you select the number of grids, the script will evenly distribute the gridlines within the specified price range. Alternatively, if you opt for profit per grid, the script will calculate the price increment required to achieve your desired profit level per grid. Note that when choosing Profit per Grid , an approximation usually is performed, as all grid lines must be evenly distributed. To achieve that, the script computes the grid distance using the mean price between top and bottom, then computes how many of those complete distances may enter the entire range, and lastly, creates a grid with evenly distributed distances as close as possible to the previously computed. Customize Styling and Display: Adjust the line color, line style, transparency, and other visual aspects to ensure clear visibility on your charts. Analyze and Trade: Once the gridlines are plotted on your chart, carefully observe how the market interacts with them. The gridlines can act as reference points for potential support and resistance levels, as well as simple buy/sell orders for a trading bot. Try to find gridlines that intersect prices as frequently as possible from one to another. A grid with too many lines will make lots of potential trades, but the amount traded will be minimal (as the total amount invested is divided over the number of grids). A grid with too few lines will make lots of profits with each trade, but the trades will be less likely to occur (depending on the top/bottom distance). This tool aims to help visually which grid parameters seem to optimize this problem. Future versions may include automatic profit computation.
Indicatore Pine Script™
di lecjacks
3
Bitcoin Limited Growth ModelThe Bitcoin Limeted Growth is a model proposed by QuantMario that offers an alternative approach to estimating Bitcoin's price based on the Stock-to-Flow (S2F) ratio. This model takes into account the limitations of the traditional S2F model and introduces refinements to enhance its analysis. The S2F model is commonly used to analyze Bitcoin's price by considering the scarcity of the asset, measured by the stock (existing supply) relative to the flow (new supply). However, the LGS-S2F Bitcoin Price Formula recognizes the need for improvements and presents an updated perspective on Bitcoin's price dynamics. Invalidation of the Normal S2F Model: The normal S2F model has faced criticisms and challenges. One of the limitations is its assumption of a linear relationship between the S2F ratio and Bitcoin's price, overlooking potential nonlinearities and other market dynamics. Additionally, the normal S2F model does not account for external influences, such as market sentiment, regulatory developments, and technological advancements, which can significantly impact Bitcoin's price. Addressing the Issues: The LGS-S2F Bitcoin Price Formula introduces refinements to address the limitations of the traditional S2F model. These refinements aim to provide a more comprehensive analysis of Bitcoin's price dynamics: Nonlinearity: The LGS-S2F model recognizes that the relationship between the S2F ratio and Bitcoin's price may not be linear. It incorporates a logistic growth function that considers the diminishing returns of scarcity and the saturation of market demand. Data Analysis: The LGS-S2F model employs statistical analysis and data-driven techniques to validate its predictions. It leverages historical data and econometric modeling to support its analysis of Bitcoin's price. Utility: The LGS-S2F Bitcoin Price Formula offers insights for traders and investors in the cryptocurrency market. By incorporating a more refined approach to analyzing Bitcoin's price, this model provides an alternative perspective. It allows market participants to consider various factors beyond the S2F ratio alone, potentially aiding in their decision-making processes. Key Features: Adjustable Coefficients Sigma calculation methods: Normal or Stdev Credit: The LGS-S2F Bitcoin Price Formula was developed by QuantMario, who has contributed to the field of cryptocurrency analysis through their research and modeling efforts.
Indicatore Pine Script™
di EliCobra
2
TimeLy Moving Average - TMAHello traders, I'm Only Fibonacci. With this indicator, you will see the averages according to the hourly, weekly and monthly price movements in many periods on the chart. This will show you the moving average values of the price over different periods in a progressive manner on the chart that is open to you. Options and Usage To see the hourly average, your chart's time range must be less than or equal to 60 minutes, otherwise it will produce a NaN value. In order to see the daily average, your chart must be open for any minute period or (even if the second is open, it must be greater than 6 seconds). Otherwise, it does not produce any value. Your chart must be larger than the second chart to see the weekly average. In other words, you can see the weekly average with at least 1 minute chart open. In order to see the monthly average, your chart time interval must be above 10 minutes, otherwise you will not be able to see data again. Settings You choose the moving average type and the time interval value you want to see from the indicator settings. You can also select a source for moving averages. Enjoy it, you can make improvements on it. Please do not forget to comment for various bug reports.
Indicatore Pine Script™
di only_fibonacci
2
itradesize /\ Overnight Session & Silver BulletOvernight Session & Silver Bullet indicator The indicator can be divided into two separate stuff: ONS ( Overnight Session ) based on TCM’s ( TheCurrencyMerchant ) theory and Silver Bullet based on what ICT ( InnerCircleTrader ) is teaching to us. Overnight Session • ONS will be always based on Chicago 4am to 8am time according to TCM’s CME teaching. The indicator has the option to show TSO ( Today’s session only ) which is good to have the chart not messed up by it. At this time when it comes to backtesting just turn this off to have the past ONS and SB ranges showed up on your chart. • Mid line at the ONS range is useful to have as you are able to decide wether price is in a premium or a discount under the ONS. If Im a buyer target is above the range, if Im a seller target is below the range. • You are also able to have SD ( Standard Deviation ) lines for price projections. In the variety of TCM’s videos you are able to have a deeper knowledge. • You can also extend Today’s ONS lines to the very end of the chart which could make an easier looking on the levels you eyeing with. Silver Bullet It’s based on New York time as ICT ( Inner Circle Trader ) is always teaching to us that we should use New York time, every time when it comes to his concepts. Silver Bullets are always be there aiming of an opposing liquidity pool. They are working even on choppy days. 
 Silver Bullet hours: • 03:00 - 04:00am NY Time • 10:00 - 11:00am NY Time • 02:00 - 03:00pm NY Time SB highlighted areas could be shown as a box or a range according to your taste, with or without Start/End lines. Both of them ca be used to form trades. You should dig yourself into Silver Bullet ( InnerCircleTrader ) and Overnight Session ( TheCurrencyMerchant ) teachings before the use of the indicator. Simple setups • Silver Bullet Look 20-30 minutes before any SB where the Buy or Sell program has started. 
Where the first 1m FVG ( Fair Value Gap ) appears under the range, enter the trade. Expect only a 5 handle move as a beginner. 
1m chart is a must for these kind of FVG entries. ( 30s , 15s can also be used ) • ONS Price is trading aggressively out of the range to take liquidity. Once price grabbed liquidity that candle on the 3-5m could considered as on order block for the further movement. If you are trading in the range, then the opposite side can be the target, if its out of the range and trading one sided, then use standard deviations as 0.5 is a minimum target.
Indicatore Pine Script™
di itradesize
11
Supply and Demand Based Pattern [RH]This indicator focuses on detecting RBR and DBD patterns, which signify periods of increased momentum and potential continuation or reversal of the prevailing trend. The RBR pattern consists of a rally (upward movement), followed by a base (consolidation or retracement), and then another rally. It suggests that the upward momentum may persist and provide trading opportunities. On the other hand, the DBD pattern comprises a drop (downward movement), followed by a base, and then another drop. It indicates that the downward momentum might continue, offering potential shorting opportunities. Bullish(RBR) example: Bearish(DBD) example: 1. The bullish (RBR) and bearish (DBD) patterns share the same underlying logic, only differing in their directionality. 2. For both RBR and DBD patterns, the first rise/drop can consist of one or multiple candles. However, in the case of multiple candles, all candles must exhibit a bullish nature for RBR and a bearish nature for DBD. Example: 3. It is a prerequisite for the first rise/drop to include at least one candle with a defined percentage of health, as determined by the user. 4. The base, following the first rise/drop, may comprise one or multiple candles. Example: 5. To maintain consistency, the base is not allowed to retrace beyond 80%, although this value can be adjusted by the user. 6. Similar to the first rise/drop, the second rise/drop in both RBR and DBD patterns can consist of one or multiple candles. However, all candles within this phase must demonstrate a bullish nature for RBR and a bearish nature for DBD. 7. Confirmation of the bullish (RBR) pattern occurs when a candle closes above the high of the first rise. Conversely, the bearish (DBD) pattern is confirmed when a candle closes below the low of the first drop. Example: Alerts can be set for all bullish and bearish pattern or for the first pattern in the range of similar pattern.
Indicatore Pine Script™
di HasanRifat
16
Range Deviations @joshuuuThis indicator is able to show ranges, the equlibrium (50%) and range deviations. It has four pre-defined options and one custom version. Asia (2000-0000) ny time CBDR(1400-2000) ny time Flout(1400-0000) ny time ONS (OverNightSession)(0400-0800) chicago time Custom (you can choose the times) ICT (Inner Circle Traders) teaches, that those range deviations of asia,cbdr,flout can be used to find the daily high/low. TCM (The Currency Merchant) teaches, that a move out of the range often is a false move to trap traders into the wrong direction.
Indicatore Pine Script™
di joshuuu
9
Seasonal Performance for Stocks & CryptoThe Seasonal Performance indicator quickly allows you to see if you are in a bullish or bearish time of year for an underlying security and where the current performance stacks up compared to the same time of year historically. Table is fully customizable from colors to what data to see. Table Displays Average Performance Best Performance Worst Performance Last Performance Current Performance Note this indicator will only work with Stocks, ETF's, Index's or Crypto.
Indicatore Pine Script™
di Amphibiantrading
4
Market Time Cycle (Expo)█ Time Cycles Overview Time cycles are a fascinating and powerful concept in the world of trading and investing. They are all about understanding and predicting the timing of market moves based on the premise that market events and price movements are not random, but instead occur in repeatable, cyclical patterns. The Concept of Time Cycles: The foundation of time cycles lies in the belief that historical market patterns tend to repeat themselves over specific periods. These periods or cycles could be influenced by a myriad of factors like economic data releases, earnings reports, geopolitical events, or even natural human behavior. For example, some traders observe increased market activity around the start and end of a trading day, which is a form of intraday time cycle. Understanding time cycles can provide traders with a roadmap, helping them anticipate potential trend shifts and make more informed decisions about when to buy or sell. █ Indicator Overview The Market Time Cycle (Expo) is designed to help traders track and analyze market cycles and generate signals for potential trading opportunities. It uses mathematical techniques to analyze market cycles and detect possible turning points. It does this by projecting the estimated cycle timeline and providing visual indications of cyclical phases through the use of color-coded lines and sine wave cycles. Time cycles offer a compelling way to forecast market trends and time your trades better. By adding time cycles to your trading toolbox, you could potentially gain a new perspective on market movements and refine your trading strategy further. The indicator generates trading signals based on the sine wave's behavior. When the sine wave crosses certain thresholds, the indicator generates a signal suggesting a potential trading opportunity based on cycle behavior. █ How to use This indicator can be a valuable tool to help traders understand and predict market trends and time their trades more accurately. By visualizing the cyclic nature of markets, traders can better anticipate potential turning points and adjust their trading strategies accordingly. It helps traders to spot ideal entry and exit points based on the cyclical nature of financial markets. █ Settings You can customize the number of bars (NumbOfBars) that are taken into consideration for the cycle. Including a higher number of bars will provide more data, which can be helpful for analyzing long-term trends. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Indicatore Pine Script™
di Zeiierman
10
Show Extended Hours (Futures & Crypto)OVERVIEW This indicator mimics TradingViews "Extended trading hours" background color settings. It is most useful on symbols that do not conventionally have extended hours, but are available to trade during those hours (ie. Futures and Crypto). Because market participation (ie. volatility) in a given symbol can change dramatically at or near these transitions, seeing conventional market open / closures expedites price action context around these transitions. INPUTS You can configure: Background colors for both Premarket and After Hours Which extended hours you would like to see Market Hours and Time Zone
Indicatore Pine Script™
di liquid-trader
7
AIAE IndicatorAggregate (or Average) Investor Allocation to Equities. When it comes to predicting long-term equity returns, several well-known indicators come to mind—for example, the CAPE ratio, Tobin’s Q, and Market Cap to GDP, to name a few. Yet there is another indicator without nearly as high of a profile that has outperformed the aforementioned indicators significantly when it comes to both forecasting and tactical asset allocation. That indicator, known as the Aggregate (or Average) Investor Allocation to Equities (AIAE), was developed by the pseudonymous financial pundit, Jesse Livermore, and published on his blog in 2013. In an essay titled, “The Single Greatest Predictor of Future Stock Market Returns,” Livermore makes the case that the primary driver of long-term equity returns is not valuation, but rather the supply of equities relative to the combined supply of bonds and cash. Accordingly, the AIAE is computed by taking the total market value of equities and dividing by the sum of a) the total market value of equities, b) the total market value of bonds, and c) the total amount of cash available to investors (i.e., that in circulation plus bank deposits): This ratio gives the market-wide allocation to equities (or, equivalently, the average investor allocation to equities weighted by portfolio size). (Note that every share of stock, every bond, and every unit of cash in existence must be held in some portfolio somewhere at all times.) Livermore explains that, in practice, the total market value of bonds plus cash can be estimated by the total liabilities held by the five classes of economic borrowers: Households, Non-Financial Corporations, State and Local Governments, the Federal Government, and the Rest of the World. This follows from the fact that if these entities borrow directly from investors, new bonds are created. Whereas, if they borrow directly from banks, new bank deposits (cash) are created. As the economy grows, the supply of bonds and cash steadily increases. Historically, the rate of increase of the supply of bonds and cash has been about 7.5% per annum. Consequently, if the market portfolio is to maintain the same allocation to equities, the supply of equities must increase at the exact same rate. The supply of equities can increase either by new equity issuance or by price increases. Historically, net new equity issuance has been negligible (with issuances being offset by buybacks and acquisitions). Thus, in order for equities not to become an ever-smaller portion of the average investor’s portfolio, the price of stocks must rise over the long-term. While we often hear that stock prices follow earnings, in the 1980s earnings fell slightly from the beginning of the decade to the end of the decade, yet stocks rose at an annualized rate of 17% during that time. How could this be? Well, at the beginning of the decade the average investor’s portfolio had a 25% allocation to equities. During the decade, the supply of bonds and cash rose strongly. If the price of equities had not risen, the average investor’s allocation to equities would have fallen to a mere 13% (as the supply of cash and bonds grew). Thus, equities had no choice but to rise despite the fall in earnings.
Indicatore Pine Script™
di rodopacapital
Turtle Soup IndicatorTurtle Soup Indicator plots a shape when we have a 20-period high or 20-period low. Turtle Soup Setup The Turtle Soup setup was published in the book Street Smarts by Laurence A Connors and Linda Raschke. You can learn about it there. It is a great setup for false breakouts or breakdowns in the group failure tests. Going long 1) We have a new 20-period low 2) that must have occured at least four trading sessions earlier <- this is very important Then we place a buy stop above 5-10 ticks or 5 to 10 cents above the previous 20-period low. If filled immediately place a good til cancelled sell stop one tick or one cent below todays low. Turtle Soup Plus One Similar to above but occurs one day later. It should close at/below previous 20-period low. Buy stop at earlier 20 day low. Cancel fi not filled on day 2. Take partials within 2-6 bars on this one and trail stop rest of position. Going short Reverse Time frames Works on all timeframes. Only adjust stoplosses accordingly to chosen timeframe. Settings You can change the color, shape and placement of the indicator shape. I actually prefer a grey color for both highs and lows as the color actually doesn't add much information. The placement says it all but it is up to you to change this as you like.
Indicatore Pine Script™
di kulturdesken
3
90cycle @joshuuu90 minute cycle is a concept about certain time windows of the day. This indicator has two different options. One uses the 90 minute cycle times mentioned by traderdaye, the other uses the cls operational times split up into 90 minutes session. e.g. we can often see a fake move happening in the 90 minute window between 2.30am and 4am ny time. The indicator draws vertical lines at the start/end of each session and the user is able to only display certain sessions (asia, london, new york am and pm) For the traderdayes option, the indicator also counts the windows from 1 to 4 and calls them q1,q2,q3,q4 (q-quarter) ⚠️ Open Source ⚠️ Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated. ⚠️ Terms and Conditions ⚠️ This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Indicatore Pine Script™
di joshuuu
15
90 Minute Cycles + MTFCredit goes to LuxAlgo for the inspiration from 'Sessions' which allowed users to analyse specific price movements within a user defined period with tools such as trendline, mean and vwap. Settings Sessions Enable Session: Allows to enable or disable all associated elements with a specific user set session. Session Time: Opening and closing times of the user set session in the hh:mm format. Range: Highlights the associated session range on the chart. Ranges Settings Range Area colour: Set each range to a specific colour. Range Label: Shows the session label at the mid-point of the session interval. Usage By breaking 24hrs in quarters, starting with an Asian range of 18:00 NY time you can visualise the principles of Accumulation, Manipulation, Distribution and Rebalance. Know as AMD or PO3 (Power of Three), the principle is that the Manipulation phase will break above or below the Accumulation, before moving in an apposing direction and then rebalancing. This only works when there is a higher timeframe PD array or liquidity to support an apposing move. Further to the daily quarters, each one can then be broken down again into 90min cycles. Again, each represents AMD, allowing the user an opportunity to watch for reversals during the 90min manipulation phase. Note: Ensure the Asian Cycle always begins at 18:00 NY time. The example shows that the 90min cycle occurs, followed by an apposing move away in price action Here is the Daily cycle, highlighting the Manipulation phase. Enjoy!
Indicatore Pine Script™
di HandlesHandled
29
7 Closes above/below 5 SMAThis script looks for 7 consecutive closes above/below the 5-period SMA. The indicator is inspired by legendary trader Linda Raschke's work. Usage The script can can be used in three main ways. I think you will find more uses. First are the two models for which the indicator was created, both inspired by Raschke: 1) Persistency of trend / Extended run setup. Around 10-12 times per year we get a persistency of trend in instruments in general. After 7 consecutive closes above/below the 5-period as price pulls back we can look to enter in the direction of the main trend as it moves up/down above/below 5 ma again. You should use price action trading to pinpoint the entries. Now try to hold this as long as possible. Way longer than you can percieve or think is possible. Up to 24-28 periods is what we are looking for in these cases. 2) Normal usage. When the trend is not persistent, it is possible to use this as an oscillating signal, for a shorter term trade, where we can look for a short or long term reversal setup in price action. 3) I also use it at as a learning to see the swing trades clearer. You can also use it as a visual aid for developing new variances of the classic swing trading setup. Read and listen to Linda Raschkes work to learn more. TIme frames The principles works in all time frames but may change depending on calendar differences. We will see more instances/year in shorter time frames. Why closes above the 5 SMA As you may or may not know the 5 SMA is a very important indicator. You can think of it like this, If price is above 5, it is innocent until proven guilty but if price is below 5 we use the french law system which means it is guilty until proven innocent. 7 closes above 5 is a very good predictor of possible short term direction changes. Use together with: I prefer to use this indicator together with either regular SMA:s, one short and one macro term. For example 10 ma and 100 ma. Or you can use it with a a Hull 21-period MA together with a 240-period WMA. Settings: I added settings so you can change preferences for changing shape, where to display the shape and in what color Visual aid I wanted to keep one dot for each consecutive day, this way we will get a grouping of days and dots. The amount in this group can be of use in itself to inform you of the strength of trend. This can inform you if this oscillation predicts a short term eversal or a continuation. You need skills in reading price action to use this to your advantage.
Indicatore Pine Script™
di kulturdesken
1
TGIF StatsTGIF - "Thank God it's Friday" After a heavily bearish week (tuesday, wednesday and thursday) price sometimes looks for some retracement on fridays. Vice versa for bullish weeks. This script shows how often that specific scenario happens and displays that data in a table. The user has the option to input a starting year for the statistic and is able to filter between bearish or bullish weeks. *disclaimer : if paired with a higher timeframe pd array taught by ICT the stats should be better, that's not included in the code though* ⚠️ Open Source ⚠️ Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated. ⚠️ Terms and Conditions ⚠️ This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Indicatore Pine Script™
di joshuuu
1
Fierytrading: Volatility DepthDear Tradingview community, I'd like to share one of my staple indicators with you. The volatility depth indicator calculates the volatility over a 7-day period and plots it on your chart. This indicator only works for the DAILY chart on BTC/USD. Colors I've color coded the indicator as follows: - Red: Extreme Volatility - Orange: High Volatility - Yellow: Normal Volatility - Green: Low Volatility Red: extreme changes in price. Often during local tops and bottoms. Orange: higher than average moves in price. Often before or after a "red" period. Often seen in the middle of bear or bull markets. Yellow: normal price action. Often seen during early stage bull-markets and late stage bear-markets. Green: very low price movement. Often during times of indecision. Once this indicator becomes green, you can expect a big move in either direction. Low volatility is always followed by high volatility. In a long-term uptrend, a green period often signals a bullish break out. In a long-term downtrend it often signals a bearish break out. How to use Save the indicator and apply it to your chart. You can change the length in the settings, but it's optimized for 7 days, so no need to change it. I've build in alerts for all 4 different volatility periods. In most cases, the low volatility alert is enough. Good luck!
Indicatore Pine Script™
di FieryTrading
2
Market Cycle IndicatorThe Market Cycle Indicator is a tool that integrates the elements of RSI, Stochastic RSI, and Donchian Channels. It is designed to detect market cycles, enabling traders to enter and exit the market at the most opportune times. This indicator provides a unique perspective on the market, combining multiple strategies into one unified and weighted approach. By factoring in the inputs from each of these popular technical analysis methods, it offers a more holistic view of the market trends and cycles. Parameter Details: Donchian Channels (DCO): - donchianPeriod: Sets the period for the Donchian Channel calculation. Default is set to 14. - donchianSmoothing: Sets the smoothing factor for the Donchian Channel calculation. Default is set to 3. - donchianPrice: Selects the price type to be used in the Donchian Channel calculation. Default is set to the closing price. Relative Strength Index (RSI): - rsiPeriod: Sets the period for the RSI calculation. Default is set to 14. - rsiSmoothing: Sets the smoothing factor for the RSI calculation. Default is set to 3. - rsiPrice: Selects the price type to be used in the RSI calculation. Default is set to the closing price. Stochastic RSI (StochRSI): - srsiPeriod: Sets the period for the Stochastic RSI calculation. Default is set to 20. - srsiSmoothing: Sets the smoothing factor for the Stochastic RSI calculation. Default is set to 3. - srsiK: Sets the period for the %K line in the Stochastic RSI calculation. Default is set to 5. - srsiD: Sets the period for the %D line in the Stochastic RSI calculation. Default is set to 5. - srsiPrice: Selects the price type to be used in the Stochastic RSI calculation. Default is set to the closing price. Weights: - rsiWeight: Sets the weight for the RSI in the final aggregate calculation. Default is set to 1. - srsiWeight: Sets the weight for the Stochastic RSI in the final aggregate calculation. Default is set to 1. - dcoWeight: Sets the weight for the Donchian Channel in the final aggregate calculation. Default is set to 1. Limits: - limitHigh: Sets the upper limit for the indicator. Default is set to 80. - limitLow: Sets the lower limit for the indicator. Default is set to 20. By customizing these parameters, users can tweak the indicator to align with their own trading strategies and risk tolerance levels. Whether you're a novice or an experienced trader, the Comprehensive Market Cycle Indicator provides valuable insights into the market's behavior. Uses library HelperTA
Indicatore Pine Script™
di leap-forward
2
Buying/Selling Pressure Cycle (PreCy)No lag estimation of the buying/selling pressure for each candle. ---------------------------------------------------------------------------------------------------- WHY PreCY? How much bearish pressure is there behind a group of bullish candles ? Is this bearish pressure increasing? When might it overcome the bullish pressure? Those were my questions when I started this indicator. It lead me through the rabbit hole, where I discovered some secrets about the market. So I pushed deeper, and developped it a lot more, in order to understand what is really happening "behind the scene". There are now 3 ways to read this indicator. It might look complicated at first, but the reward is to be able to anticipate and understand a lot more. You can show/hide all the plots in the settings. So you can choose the way you prefer to use it. ---------------------------------------------------------------------------------------------------- FIRST WAY TO READ PreCy : The SIGNAL line Go in the settings of PreCy, in "DISPLAY", uncheck "The pivot lines of the SIGNAL" and "The CYCLE areas". Make sure "The SIGNAL line" is checked. The SIGNAL shows an estimation of the buying/selling pressure of each candle, going from 100 (100% bullish candle) to -100 (100% bearish candle). A doji would be shown close to zero. Formula: Estimated % of buying pressure - Estimated % of selling pressure It is a very choppy line in general, but its colors help make sense of it. When this choppiness alternates between the extremes, then there is not much pressure on each candle, and it's very unpredictable. When the pressure increases, the SIGNAL's amplitude changes. It "compresses", meaning there is some interest in the market. It can compress by alternating above and below zero, or it can stay above zero (bullish), or below zero (bearish) for a while. When the SIGNAL becomes linear (in opposition to choppy), there is a lot of pressure, and it is directional. The participants agree for a move in a chosen direction. The trajectory of the SIGNAL can help anticipate when a move is going to happen (directional increase of pressure), or stop (returning to zero) and possibly reverse (crossing zero). Advanced uses: The SIGNAL can make more sense on a specific timeframe, that would be aligned with the frequency of the orders at that moment. So it is a good idea to switch between timeframes until it gets less choppy, and more directional. It is interesting to follow any regular progression of the SIGNAL, as it can reveal the intentions of the market makers to go in a certain direction discretely. There can be almost no volume and no move in the price action, yet the SIGNAL gets linear and moves away from one extreme, slowly crosses the zeroline, and pushes to the other extreme at the same time as the amplitude of the price action increases drastically. ---------------------------------------------------------------------------------------------------- SECOND WAY TO READ PreCy : The PIVOTS of the SIGNAL line Go in the settings of PreCy, in "DISPLAY", and uncheck "The CYCLE areas". Make sure "The SIGNAL line" and "The pivot lines of the SIGNAL" are checked. The PIVOTS help make sense of the apparent chaos of the SIGNAL. They can reveal the overall direction of the choppy moves. Especially when the 2 PIVOTS lines are parallel and oriented. ---------------------------------------------------------------------------------------------------- THIRD WAY TO READ PreCy : The CYCLE Go in the settings of PreCy, in "DISPLAY", and uncheck "The SIGNAL line" and "The pivot lines of the SIGNAL". Make sure "The CYCLE areas" is checked. The CYCLE is a Moving Average of the SIGNAL in relation to each candle's size. Formula: 6 periods Moving Average of the SIGNAL * (body of the current candle / 200 periods Moving Average of the candle's bodies) The result goes from 200 to -200. The CYCLE shows longer term indications of the pressures of the market. Analysing the trajectory of the CYCLE can help predict the direction of the price. When the CYCLE goes above or below the gray low intensity zone, it signals some interest in the move. When the CYCLE stays above 100 or below -100, it is a sign of strength in the move. When it stayed out of the gray low intensity zone, then returns inside it, it is a strong signal of a probable change of behavior. ---------------------------------------------------------------------------------------------------- ALERTS In the settings, you can pick the alerts you're interested in. To activate them, right click on the chart (or alt+a), choose "Add alert on Buying/Selling Pressure Cycle (PreCy)" then "Any alert()", then "Create". Feel free to activate them on different timeframes. The alerts show which timeframe they are from (ex: "TF:15" for the 15 minutes TF). I have added a lot more conditions to my PreCy, taken from FREMA Trend, for ex. You can do the same with your favorite scripts, to make PreCy more accurate for your style. ---------------------------------------------------------------------------------------------------- Borrowed scripts: To estimate the buying and selling pressures, PreCy uses the wicks calculations of "Volume net histogram" by RafaelZioni To filter the alerts, PreCy uses the calculations of "Amplitude" by Koholintian: ---------------------------------------------------------------------------------------------------- DO NOT BASE YOUR TRADING DECISIONS ON 1 SINGLE INDICATOR'S SIGNALS. Always confirm your ideas by other means, like price action and indicators of a different nature.
Indicatore Pine Script™
di ALifeToMake
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