** THIS IS ONLY FOR US STOCK MARKET** The indicator analyzes market sentiment by computing the Rate of Change (ROC) for the VIX and S&P 500, visualizing the data as histograms with conditional coloring. It measures the correlation between the VIX, the specific stock, and the S&P 500, displaying the results on the chart. The reliability measure combines these...
Description: The Liquidity Weighted Moving Averages by AlgoAlpha is a unique approach to identifying underlying trends in the market by looking at candle bars with the highest level of liquidity. This script offers a modified version of the classical MA crossover indicator that aims to be less noisy by using liquidity to determine the true fair value of price and...
Description: Consolidation is a technical analysis term used to describe a assets's price movement within a given support and resistance range for a period of time. Consolidations happen either during trending market phases or before a new trend. Consolidation is generally interpreted as market indecisiveness and uncertainty as to which way the market will go...
HOLP (High of the low period) and LOHP (Low of the high period) Catching Trend Reversals by shorting tops and buying bottoms using this Swing High/Low Indicator Trading Strategy comes from Mastering the Trade, by John Carter pg 300. Trading Rules for Sells, Buys are reversed 1. Identifying a trending market, where today's price is making a 20-day high (17-18 day...
Hi Traders ! What is the Z score: The Z score measures a values variability factor from the mean, this value is denoted by z and is interpreted as the number of standard deviations from the mean. The Z score is often applied to the normal distribution to “standardize” the values; this makes comparison of normally distributed random variables with different...
Title: Enhanced EMA Breakout Strategy for Buy and Sell Signals Description: This script is an enhanced version of the traditional EMA (Exponential Moving Average) Breakout strategy, designed to provide clear buy and sell signals on price charts. The strategy revolves around a 5-period EMA, which helps traders identify potential breakout points in the market. How...
Transaction value to transaction fee: The Bitcoin network's efficiency, usability and volume scalability has been improving over time and this can be measured by dividing the average transaction volume by the transaction fee. The indicator give us: Price to volume per $1 fee = BTC price / (avg tx value / avg tx fee) A low ratio of "Price to volume per $1 fee"...
I usually (and by usually, I mean the past year xD) release a significant indicator as my Christmas gift to the community on Christmas Eve. Last year, it was the Z-Score buy and sell signal; this year, it's something a little more conventional. So here is this year’s gift—hope you like it! 🎁 Seems like everyone has their take on Volume Profiles (aka SVP or VSP)....
Title: Fair Value Gap Finder with Integrated Gann Box Analysis Description: The "Fair Value Gap Finder with Integrated Gann Box Analysis" is a unique technical indicator designed for traders who wish to incorporate the concepts of Fair Value Gaps (FVG) and Gann Box methodologies into their trading strategy. This tool is beneficial for both trend-following and...
It is Backtest Calculator For Essential and Plus plan holders, the length of available intraday data is calculated as follows: from now to 6 weeks back multiplied by timeframe(in minutes), i.e. you can go 6 weeks back on the 1-minute chart, 12 weeks back on the 2-minute chart, 30 weeks back on the 5-minute chart, 90 weeks back on the 15-minute chart and so on. The...
Identify excess zones resulting in market reversals by visualizing price deviations from an average. The Excess Index (BEI) is designed to identify excess zones resulting in reversals, based on price deviations from a moving average. This moving average is fully customizable (type, period to be taken into account, etc.). This indicator also multiplies the moving...
Same as previous one, just making the code publicly available. You set an upper and lower threshold and when both are met a direction is determined. I use this primarily as a confirmation indicator of a trend. The addition to the normal Aroon is simply the threshold settings and the visuals. There is even an option to see the length you are using which I find...
Cycles Master Indicator The "Cycles Master" indicator is a powerful tool designed to reveal cyclical patterns within market trends. It operates with precision, allowing users to adjust cycle lines to the top of prices using the "Multiplication" parameter. Multiplication: Aligning Cycle Lines The "Multiplication" parameter serves a crucial role in aligning...
The Z-Scored Volume (CSV) indicator is designed to make it easier to identity potential market extremes. What is the Z-Score? The Z-Score is a statistical measure that quantifies how far a particular data point is from the mean of a group of data. It's expressed in terms of standard deviations from the mean. How to calculate the Z-Score? Z-Score =...
This script defines an indicator named VDVA (Volume Delta Volatility Amplifier), which combines volume delta (the difference between volume up and volume down) and volatility (ATR) into one line. This line is then smoothed using a moving average and compared with the zero level and a shorter-period moving average. The script also plots shapes when the rate of...
INFO: The PercenageDropFromATH script is fairly simple indicator, which is able to: detect the last ATH (real ATH of the full chart, not related to the selected timeframe) and plot it user can select a percentage of drop from this price, and once reached can receive a notification Note that if the ATH is outside of the visibility of the currently selected...
Description: Introducing the Amazing Oscillator indicator by Algoalpha, a versatile tool designed to help traders identify potential trend shifts and market turning points. This indicator combines the power of the Awesome Oscillator (AO) and the Relative Strength Index (RSI) to create a new indicator that provides valuable insights into market momentum and...
This indicator is designed to provide in-depth analysis of volume data from multiple sources and distinguish highly liquid candles by measuring the density of the volume. By focusing on the density and concentration of volume, rather than just the volume itself, it offers a more nuanced view of the market. This can be particularly beneficial in markets like...