Quantum Currency HeatmapTrading the currency markets is a complex business. With so many pairs and multiple timeframes it is almost impossible to monitor them all – but with the Currency Heatmap you can. The Currency Heatmap indicator delivers the information you need to base your trading decisions on the entire spectrum of currency pairs derived from the 8 major currencies: namely the US dollar, the Euro, the British Pound, the Swiss Franc, the Japanese Yen, the Canadian Dollar, the Australian Dollar and finally the New Zealand Dollar. In one clear and simple table, you can see instantly the entire weight of market sentiment across all 28 pairs and across all timeframes. A global view of risk and sentiment on one chart.
It instantly displays the “hottest” and “coldest” areas of the financial landscape. Vertically, 28 currency pairs are listed and ranked from the most bullish (top) to the most bearish pair (bottom) and reflect the data ranking on the associated currency matrix indicator. And this is where it gets interesting: horizontally, the performance scores of each currency pair are displayed in 5 customizable timeframes.
Interpreting the colors
Each cell of the Currency Heatmap indicator is color coded making it possible to interpret it instantly with just a glance, much like looking at a sophisticated thermal imagery scanner, but for Forex. If you check out the indicator, you will see how easy and intuitive it is, but let us just expand on them here.
If we start with the performance scores. This is the value the indicator assigns to each currency pair representing how positively or negatively its price moved over a certain period. If you have the Currency Matrix indicator, you will also notice that the figures are the same. This is because both use the same algorithm in calculating the performance scores. The cells can be any of the two colors depending on the performance score. This is the color coding used when viewing the currency pairs ACROSS the 5 timeframes or what we like to call the time horizon:
- Green – if the currency pair’s performance score for the aligned timeframe is POSITIVE.
- Red – if the currency pair’s performance score for the aligned timeframe is NEGATIVE.
However, the pairs are then ranked VERTICALLY using a dynamic graded color code transitioning from green, to yellow and to red in that order. The performance scores of the currency pairs in 5 timeframes are added together. The currency pairs are then ranked by their sum from the most positive to the most negative and are color coded as follows:
- Green shades – the sum of the currency pair’s performance scores in 5 timeframes is well above the fulcrum of zero.
- Yellow shades – the sum of the currency pair’s performance scores in 5 timeframes is relatively flat and around the fulcrum of 0. It can either be positive or negative but trails the numbers closest to 0.
- Red shades – the sum of the currency pair’s performance scores in 5 timeframes is well below the fulcrum of zero.
The gradation of color is dynamic and hence the transition of colors will depend entirely on the sum of the currency pair’s performance scores in 5 timeframes as explained above. As with all our other indicators, this is dynamic and is constantly shifting in real time to reflect the ebb and flow of sentiment across the timeframes.
Customizable timeframes
The Currency Heatmap for TradingView allows you to change the timeframe of each of its 5 columns. This can be configured in the indicator settings where you can select 1 of many timeframe options namely:
- 1 min
- 2 min
- 3 min
- 4 min
- 5 min
- 10 min
- 15 min
- 30 min
- 45 min
- 1 hr
- 2 hrs
- 3 hrs
- 4 hrs
- 1 day
- 2 days
- 3 days
- 1 wk
- 1 mo
The 5 default timeframes (from left to right) are listed below:
- Timeframe 1: 1 min
- Timeframe 2: 1 hr
- Timeframe 3: 4 hrs
- Timeframe 4: 1 day
- Timeframe 5: 1 wk
The ranking of the 28 currency pairs changes depending on the timeframes you select for each column. This flexibility allows you to monitor the strength of the pairs within your own range of timeframes in real time.
Weight of the timeframes
One important factor to consider when interpreting the Currency Heatmap indicator and the ranking aspect, is the fact that the performance scores in each timeframe inherently possess weight, and this is reflected in how the indicator has been developed. As you can appreciate, the weight of sentiment in a slower timeframe is greater than that in a faster timeframe. Simply put, the weight of each timeframe is directly proportional to the timeframe itself. Faster timeframes carry less weighting to the overall ranking, whilst slower timeframes carry more. This means currency pairs ranking near or at the bottom of the ladder (bearish) are most likely to have red cells through the slower timeframes or the columns at the right-hand side of the indicator. Similarly, the currency pairs at the top and ranking as bullish or very bullish, again are most likely to have green cells through the slower timeframes.
Stepping back, the changing colors deliver a heatmap reflecting the relative performance of the 28 currency pairs across ALL timeframes in real time. This gives a horizontal analysis of the currency pairs across time. Immensely powerful. And empowering you as a trader to make clear, logical, and fast decisions.
Currency filter
The Currency Heatmap allows you to filter the currency pairs relevant to the currency you are analyzing. An input is provided in the indicator’s settings window which you can click to select a currency.
- USD selects all currency pairs that contain the US Dollar.
- EUR selects all currency pairs that contain the Euro.
- GBP selects all currency pairs that contain the British Pound.
- CHF selects all currency pairs that contain the Swiss Franc.
- JPY selects all currency pairs that contain the Japanese Yen.
- CAD selects all currency pairs that contain the Canadian Dollar.
- AUD selects all currency pairs that contain the Australian Dollar.
- NZD selects all currency pairs that contain the New Zealand Dollar.
Click the Filter option box and select a currency in the list to apply a filter. If you like to undo a filter, simply select NONE. When a certain currency filter is in effect, the currency pairs that include the selected currency in the heatmap appear in color.
Getting started
Here are some further details on the Currency Heatmap indicator to help you get started:
- Your Quantum Currency Heatmap indicator must always be applied in a 1 min chart.
- The indicator occupies its own indicator window in the chart. We recommend expanding the indicator vertically to get a complete view.
- When you first apply the indicator, please allow a few seconds for the data to build in history.
Currency Dashboard
By itself, the Quantum Currency Heatmap indicator is a powerful trading tool for identifying trading opportunities, quickly, easily on a single chart. However, its development is part of a new indicator bundle that we like to call the Quantum Currency Dashboard which consists of the following indicators:
- Quantum Currency Strength Indicator (CSI)
- Quantum Currency Matrix
- Quantum Currency Array
- Quantum Currency Heatmap
These four indicators then provide a unique and compact insight into all the various aspects of strength and weakness for both currencies and currency pairs from trend and momentum to overbought and oversold. What is unique is that using four charts you are then able to monitor the myriad combinations of strength, weakness, momentum, congestion and divergence across the entire forex complex at a click of a button. And even more powerfully giving you the confidence to get in and stay in for maximum profits. No more missed opportunities, no more struggling with multiple charts, and no more trader regret whatever your trading style approach.
Priceaction
Quantum Currency MatrixOf all the four principal capital markets, the world of foreign exchange trading is the most complex and most difficult to master, unless of course you have the right tools! The reason for this complexity is not hard to understand.
First currencies are traded in pairs. Each position is a judgment of the forces driving two independent markets. If the GBP/USD for example is bullish, is this being driven by strength in the pound, or weakness in the US dollar. Imagine if we had to do the same thing trading stocks for example. Consider trading Google against Amazon. If this ‘pair’ were rising, is this being driven by strength in Google or weakness in Amazon? Almost impossible to analyze.
To compound this problem, every currency can be bought or sold against a myriad of other currencies. This raises the next key question. If the GBP/USD is bullish once again, is the British pound strong against all the other major currencies, such as the GBP/JPY, the GBP/CAD, the EUR/GBP etc. If it is, then this is clearly a sign that the UK pound is being bought universally in the market. Equally for the US dollar, if it is sold universally in pairs such as the USD/CAD, the USD/JPY and others, then we can assume that the GBP/USD is rising as a result of strong buying of the pound universally, and strong selling across the market of the US dollar.
Finally, we come to the third problem, which is trying to assess the strength of this buying or selling. After all a currency may be overbought (strong) or oversold (weak) but how strong is strong, and how weak is weak.
Consider this for a moment. Assume you have decided to buy the GBP/USD and have the following information to help you in your analysis:
- Whether the GBP is also being bought in all the other cross currency pairs
- Whether the USD is also being sold in all the other major currency pairs
- The relative strength of buying in the GBP/USD pair
Trading success is all about assessing risk and the probability of success on each trade. Would this information give you a high risk, medium or low risk trading position? And the answer……… is a low risk trading opportunity. After all, you are now taking a position based on a view across the market.
First, if you are basing your decision on universal buying or selling of a currency, then you are trading with the entire weight of the market, and not just on the analysis of one currency pair – it’s low risk. Second, if you know the relative strength of this buying or selling against all the other currency pairs, then this gives you the complete picture – if its strong, then again – it’s low risk. Third and last, if you know what the counter currency is also doing in terms of strong or weak, then once more if its strong – it’s low risk.
This is where the Quantum Currency Matrix steps in. It provides the solution to all three problems in one elegant indicator. It shows you the complete picture across the market in a simple matrix, which works in all timeframes from 1 minute to 1 month.
From the eight major currencies come the 28 currency pairs which are then displayed in a table, with their relative strength scores, updated second by second and minute by minute. As you can see, the Currency Matrix displays the complete spectrum of currency pair strength, from very bullish at the top of the matrix and bright green, to heavily bearish at the bottom of the matrix, and bright red. Those currency pairs moving up or down the ladder from bullish to bearish or bearish to bullish are then shaded in the transitional colors of orange, and yellow to light green.
Every pair is displayed with a ranking score. Above 0.00 indicates the pair is moving into a bullish phase, whilst a score below 0.00 indicates bearish momentum is increasing.
Each currency can then be isolated to show the 7 associated pairs and their relative scores. If all the associated pairs are showing similar strength (either bullish or bearish) then this is either a good time to join the move, or alternatively it may be an opportunity to wait for a reversal in trend as the pair becomes overbought or oversold.
The Quantum Currency Matrix gives you the tool to see the complexities of the Forex market in real time across all the related pairs, along with the strength of the buying and selling. Whilst it is possible to do this manually using multiple charts, what a manual matrix will not provide is any measure of the relative strength. The indicator does this for you automatically by considering the price action across all the related currency pairs and then deriving the relative strength scores accordingly. These are the ranking scores which you see displayed on each currency pair and by which they are ranked in the ladder.
Filter
The Currency Matrix indicator allows you to filter the currency pairs relevant to the currency you are analysing. An input is provided in the indicator’s settings window which you can click to select a currency.
- USD selects all currency pairs that contain the US Dollar.
- EUR selects all currency pairs that contain the Euro.
- GBP selects all currency pairs that contain the British Pound.
- CHF selects all currency pairs that contain the Swiss Franc.
- JPY selects all currency pairs that contain the Japanese Yen.
- CAD selects all currency pairs that contain the Canadian Dollar.
- AUD selects all currency pairs that contain the Australian Dollar.
- NZD selects all currency pairs that contain the New Zealand Dollar.
Click the Filter option box and select a currency in the list to apply a filter. If you like to undo a filter, simply select NONE. When a certain currency filter is in effect, the currency pairs that include the selected currency in the matrix appear in color.
Extremes
“How does the strongest and weakest currency pairs in the matrix compare to the past strongest and weakest currency pairs within the period?”
This is the question that the “All time HIGH”, “Average HIGH”, “All time LOW”, and “Average LOW” numbers answer. These pieces of information are found beside the top-most and bottom-most currency pair in the matrix.
The following numbers are found at the right side of the top-most currency pair in the matrix:
All time HIGH – displays the highest score achieved by a currency pair within the period
Average HIGH – displays the average highest score achieved by a currency pairs within the period
The following numbers are found at the right side of the bottom-most currency pair in the matrix:
All time LOW – displays the lowest score achieved by a currency pair within the period
Average LOW – displays the average lowest score achieved by a currency pair within the period
Currency Dashboard
The Quantum Currency Matrix is a unique indicator. In an instant, you can see which pairs are rising strongly or falling strongly in every timeframe, and on a single chart. Whilst the Quantum Currency Strength Indicator gives you the heads up on individual currency strength and weakness, the Quantum Currency Matrix then delivers the global view for that currency in all the related pairs and for each timeframe – instantly, and giving you the tools to trade every pair with complete confidence.
By itself, the Quantum Currency Matrix indicator is a powerful trading tool for identifying trading opportunities quickly and easily. However, it was developed as part of what we like to call the Quantum Currency Dashboard which consists of the following indicators:
- Quantum Currency Strength Indicator (CSI)
- Quantum Currency Matrix
- Quantum Currency Array
- Quantum Currency Heatmap
These four indicators then provide a unique and compact insight into all the various aspects of strength and weakness for both currencies and currency pairs, from trend and momentum to overbought and oversold. What is unique is that using four charts, you are then able to monitor the myriad combinations of strength, weakness, momentum, congestion and divergence across the entire forex complex at a click of a button. And even more powerfully, giving you the confidence to get in and stay in for maximum profits. No more missed opportunities, no more struggling with multiple charts, and no more trader regret, whatever your trading style or approach.
PIVOT EDGE - THE COMPLETE TRADING SETUP - CUSTOM TFIntroduction to the Indicator " PIVOT EDGE - The complete trading setup - CUSTOM TF " It means custom timeframe
The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past. The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed. Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries.
This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results.
The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES , FUTURES , OPTIONS , FOREX etc.
This indicator can be used for any exchange and any time zone also without any changes or adjustments needed.
Now let us understand the features of this Indicator in detail.
TIMEFRAME - It has options to choose between Day, week and month as timeframe. By default it is set to Day timeframe
DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally.
Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue.
we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue.
In addition I have coded intermediate target levels that appear in light gray between the extended levels or blue lines. Sometimes when the gap between these targets are huge, price cannot reach the targets and reverses at these intermediate targets. You can use them as targets or trailing stop loss based on your plan
DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only.
DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance .
PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curves are breached then the trend is reversed and the price will tend to move to the next pivots .
IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give. If you have any doubts or need any clarifications of assistance in understanding, you can message me and I will try to help.
Happy and Safe trading - Mohan from PIVOT EDGE
Price/Volume Trend MeterAnother simple indicator from the sweet indicator series, This is a combination of the Volume and Price Trend Meter indicators combined (Links below) into one indicator called PVTM (Price Volume Trend Meter).
PVTM measures the strength of price and volume pressure on a histogram.
The indicator sums up all green candles price and volume and red candles price and volume over a specific period of bars and plots based on Price summed value. The result will look similar to Price Trend Meter with the benefit of trying to filter out more noise.
Use this indicator to identify the increasing asset of price and volume with the green candles (Close is higher than open) and decreasing of price and volume with the red candles (Close is lower than open).
======= Calculation ==========
Bright Green Color Column: Total summed up Price and Volume are higher than 0.
Bright Red Color Column: Total summed up Price and Volume are Lower than 0.
Weak Green Color Column: Conflict between Price and Volume (One positive and one negative) so we continue based on previous color .
Weak Red Color Column: Conflict between Price and Volume (One positive and one negative) so we continue based on previous color.
======= Price/Volume Trend Meter Colors =======
Green: Increasing buying pressure.
Weaker Green: Declining Buying pressure (Possible Sell Reversal).
Red: Increasing selling pressure.
Weaker Red: Declining Selling pressure (Possible Buy Reversal).
Other sweet indicators that this indicator is based on:
Volume Trend Meter:
Price Trend Meter:
Like if you Like and Follow me for upcoming indicators/strategies: www.tradingview.com
PIVOT EDGE - THE COMPLETE TRADING SETUP - PRO +Introduction to the Indicator " PIVOT EDGE - The complete trading setup - PRO+ "
The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed.Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries.
This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results.
The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES , FUTURES , OPTIONS , FOREX etc.
This indicator can be used for any exchange and any time zone also without any changes or adjustments needed.
Now let us understand the features of this Indicator in detail.
TIMEFRAME - It has options to choose between Day, week and month as timeframe. By default it is set to Day timeframe
DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally.
Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue.
we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue.
In addition I have coded intermediate target levels that appear in light gray between the extended levels or blue lines. Sometimes when the gap between these targets are huge, price cannot reach the targets and reverses at these intermediate targets. You can use them as targets or trailing stop loss based on your plan
DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only.
DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance .
PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curves are breached then the trend is reversed and the price will tend to move to the next pivots .
VALUE AREA - One of the most important feature of this Indicator is this which is derived from the Volume profile concepts. It indicates the fair value area Indicated by orange band and the upper and lower limits indicated by orange lines. Whenever the price is overvalued or undervalued, it is pushed back to its fair value and we can judge the present price position in relation to the value area and then take position in anticipation of the price reaching its fair value area. This must be coupled with price action for favorable results.
IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give.
If you have any doubts or need any clarifications of assistance in understanding, you can message me and I will try to help.
Happy and Safe trading - Mohan from PIVOT EDGE
Accumulation & Distribution DetectorThis indicator lets us to automatically detect and mark strong and clear Price Action levels in which there were Accumulation and Distribution phases in any timeframe.
This Accumulation and Distribution is associated with a laterality in the market and they are usually important price levels to take into account for either future Price Action trades in Supports and Resistances or in Supply and Demand levels since they are usually turning points in the market.
This indicator, unlike other existing ones, allows us to adjust through the parameters both the level of demand and the size of these candles regarding the ATR and the size of the candle itself. The tighter we are, the fewer candles marked there will be and, therefore, the desired level to trade will be more powerful and stronger.
Note : The order of elements on the chart must be configured so this indicator should be above the candles, otherwise it will not be displayed correctly.
Este indicador nos permite detectar y marcar de forma automática los niveles fuertes y claros de Price Action donde ha habido fases de Acumulación y Distribución en cualquier marco de tiempo.
Esta Acumulación y Distribución se asocia a una lateralidad en el mercado y suelen ser niveles de precio importantes a tener en cuenta para futuras operaciones de Price Action en Soportes y Resistencias o sobre niveles de Oferta y Demanda ya que suelen los puntos de giro en el mercado.
Este indicador, a diferencia de otros existentes, nos permite ajustar mediante los parámetros el nivel de exigencia y tamaño de estas velas con respecto al ATR y el tamaño de la propia vela. Mientras más estrictos seamos, menos velas marcadas habrá y más potente y fuerte será el nivel deseado para operar.
Nota : Se debe configurar el orden de elementos en el gráfico para que el indicador esté por encima de las velas, de lo contrario no se visualiza correctamente.
Parameters Settings / Parámetros Ajustables:
MAX Body size vs Full Candle (%) : Max body vs Full Candle size percentatge required, default 50% / Porcentaje Máximo Permitido para el tamaño del “Cuerpo” sobre el tamaño completo de la propia vela, por defecto 50%
MAX Candle Size vs ATR (%) : Max candle size vs ATR percentage required, default 70% / Porcentaje Máximo admitido para el tamaño total de la vela con respecto al ATR, por defecto 70%
ATR Length : Candles Number to calculate ATR average, default 30 / Cantidad de velas para medir el ATR, por defecto 30
Use ATR filter? : We can activate or deactivate the ATR calculates, default activated / Podemos anular el cálculo sobre el ATR y hacerlo normal, por defecto activado
Color Settings / Colores Ajustables:
Print Char : Char and Color printed in candle / Símbolo y Color que dibuja sobre la vela detectada
Volume histogramThis volume indicator detects and paints with different colors up to 3 ranges of volume level necessary to identify the price zones where large investors act and trade with the price and volume's strategy.
It will be easier and faster for you to identify the important volume levels in order to apply them to your trades.
The greater difference and advantage over other existing volume indicators are the following:
Parameters may be adjusted to the quantity of candles which are necessary in order to calculate the average volume, and to the percentage which the high volume should be regarding the average volume for each candle.
It paints in 3 different colors: high volume, medium volume and low volume; the visual control is better with the size of the volume.
It is possible to set as many alerts as you need in order to let you know when the desired volume level is reached.
Este indicador de volumen detecta y pinta de color diferente hasta 3 rangos de nivel de volumen necesarios para identificar las zonas de precio donde actuan los grandes inversores y operar con la estrategia de precio y volumen.
Te será más fácil y rápido identificar los niveles importantes de volumen para aplicarlos a tus operaciones.
La gran diferencia y ventaja con respecto a otros indicadores de volumen existentes son tres.
Puedes ajustar los parámetros sobre qué cantidad de velas tiene en cuenta para calcular el volumen medio, y cuanto porcentaje debe ser el volumen alto con respecto al volumen medio para cada vela.
Te pinta en 3 colores diferentes el Volumen Alto, Volumen Medio y Volumen bajo, teniendo mejor control visual en el tamaño del volumen.
Puedes colocar tantas alertas como necesites para avisarte cuando llegue al nivel de volumen deseado.
Parameters Settings / Parámetros Ajustables:
Highest vs Average Vol Size (%) : Highest Volume Size vs Average Volume, default 200% / Tamaño del Volumen Alto con respecto al volumen Medio, en porcentaje. Por defecto, 200%
Vol Average Length : Candles Number to calculate Average Volume, default 500 / Cantidad de velas para calcular el Volumen Medio, por defecto 500.
Color Settings / Colores Ajustables:
Color 0 : Highest Volume, Above a % Average Volume
Color 1 : Above Average Volume
Color 2 : Below Average Volume
MTF SCALP Price Actionits just for personal use of my own.
if you want to use this indicator, use it at your own responsibility. but just remember its a SCALP strategy and must be used on 5M timeframe.
Long/Short Conditions :
last 1H,30M,15M and 5M candle close on same direction.
I will back test this indicator and if it worth it i will write turn it to a strategy.
PS: i'm new to pinescript coding . so, sorry for my bad coding. if you have any suggestions to improve my coding skills i will be very thankful if you share it with me.
Price Trend MeterYet another sweet little indicator which measures price pressure over specific period of time. I call it Price Trend Meter (PTM),
It's basically similar to the indicator 'Volume Trend Meter' (VTM) but this time the calculations are based on price rather than volume.
The indicator sums up all the prices of the green candles and red candles over a specific period of time (source and bars back can be adjusted in indicator settings).
======= Calculation ==========
For Green Column: Total price of green candles is higher than total red candles price for a specific bars back.
For Red Column: Total price of red candles is higher than the total green candles price for a specific bars back.
======= Price Trend Meter Colors =======
Green: Increasing buying pressure.
Red: Increasing selling pressure.
For the Volume Trend Meter indicator go here : https:www.tradingview.com/script/ywEEvEtI-Volume-Trend-Meter/
Stay tuned and Follow as a combination indicator of the two indicators (VTM + PTM) will be coming up next: https:www.tradingview.com/u/dman103/#published-scripts
Like if you like and Enjoy.
Yanchan-AshiThis is a price action indicator that focuses on price movements.
Please add it to the main chart and use it.
Hide the main chart itself or switch to the line chart.
This indicator draws using the average of the high and low prices of the four bars and one of the four values you specify (default is the closing price).
It is easy to understand how the momentum starts to rise and how the nadir stops.
これは値動きに注目した プライスアクション・インジケータ です。
メインチャートに追加して、利用して下さい。
メインチャート自体は非表示にするか、あるいは、ラインチャートに切り替えて下さい。
このインジケータは、バーの４本値のうち、高値の平均と安値の平均と、あなたが指定する４本値のいずれか（初期設定は引け値）を使って描画します。
勢いの出始めや天底の止まり具合が、わかりやすくなっています。
BreathEasyVolumeAnalysisOutline of Indicator:
Purpose of this indicator?
Main purpose of building this indicator is to help traders who refer Current Month Futures to look for the volumes while they trade on the Index chart, with some added analysis on the volumes.
What it CAN DO?
Traders rely on volume as a key metric because it lets them know the liquidity level of an asset, and how easily they can get into or out of a position close to the current price, which can be a moving target.
Hence I have used some two of powerful indicators to help supporting the volume analysis which is OBV indicator and the Price Volume Trend indicator. Calculations are bit modified to fit best as per the Leniear Regression Box.
Note: Source has been set to Nifty Current Month Expiry Future. If you are a BNF trander source has to be changed manually using the Settings.
Feel free to PM me for any further information.
Regards,
BreathEasy
VamsiPriceAction_101Identifies entry for buy/sell position as per previous day high and low.
Marks a target and stop loss as per the ATR14.
Confirmation of Buy/Sell signal is when we have a 5 min candle with 60:40 body:wick ratio
Use it on a 5 minute time frame to identify a price action based breakout
It also marks when 50 ema crosses 200 ema, and vice-versa
Key Levels CustomTF + Backtest: SpacemanBTCKey Levels Backtest, same logic as the key levels script, provide levels based:
High, Low, Mid and Close.
This was requested, took a long time to post as I fell sick and was given a lot of Dev Work.
Hope this helps those who use it, very useful to see liquidity grabs in my opinion.
Input time in minutes!
Result of a user request.
Nirvana Price ActionYou can set it according to your own needs
The required display can be opened ☑
Do not need to display can be closed ❌
I chose to turn them on by default: inside bars ☑ pin bars ☑ price action bar names ☑ price action bars ☑
Colors can be customized
I wish you a smooth transaction!
Price-Action-BarsThis script came as a discussion in our community forum.
It paints
1. Pin Bars (Bottom or Top)
2. inside/outside Bar
3. Bullish Bottom bar
It also has the ability to add alerts on your favorite stocks
Price StatsIntroduction
Price Stats is an indicator based on the statistics shown in MarketSmith charting software when viewing the Track Price information, also known as the "yellow box."
The following stats are available for the most recent price bar:
■ High price
■ Low price
■ Last price
■ Percent change in price from prior bar
■ Closing range within the bar
■ Current volume
■ Volume % change relative to the 50-day moving average volume
For daily charts:
■ 21-day EMA and % offset of price
■ 50-day SMA and % offset of price
■ 200-day SMA and % offset of price
Here's how to interpret the moving averages:
In the image below the 50-day SMA is 74.58 (8.04%). 74.58 represents the value of the 50-day SMA. 8.04% indicates that the current price is 8.04% above the SMA. A negative % would indicate the current price is the specified % below the SMA.
Ravih Pro Momentum BreakoutThis is a Momentum Breakout Strategy on “DAILY Timeframe”
This Breakout Strategy is specially created for Momentum Traders and for Bursa Market. The learning applied here are derived from past market behavioural approach. It takes into account of recent strength of price action and volume.
However, it can be applied for other Exchanges as well; as long as the stock is active with unusual volume.
The Momentum Set-Ups Script is designed for Short Term traders as in 3 to 60 Trading Days holding period or unless and until Exit Signal appears. Sometimes it could extend longer depending on the pace of the Momentum.
It also caters the aggressive traders as in Buy Today Sell Tomorrow/Today (BTST) and Fast in Fast Out (FIFO). These are traders...usually looking for 5% to 7% or 12% gain in a short span of time. However, do take note; momentum stocks are explosive in their moves. Therefore one could maximise the Gain Ride until Exit/Sell Signal appears.
The Script provides you the best High-Probability Profitable Set-Up Entry. The system identifies the stock/s in action Right Now. It is a powerful strategy for trading both Fast and Slow Momentum Stocks.
The Momentum Script is built around 3 Primary Factors namely…
1. Volume
2. Price Action
3. Time
And 2 Secondary Factors namely…
1. Volatility
2. Liquidity
Buy Exit/Sell Arrows are triggered based on last candle bar closed. It plots automatically.
For Long
Light Blue Up Triangle denotes Buy at the Closing Price. Entry Price is Closing Price or with + or – 2% tolerance for the following market day.
For Exit/Sell
Orange Down Triangle denotes Exit to close any remaining position to free up capital. Or...
Red Down Triangle denotes Exit to close any remaining position to free up capital.
Either one of the arrow is Final.
For Setting Up Alerts
The user has the option to Setup Alerts for chart signals that is…for Long and for Exit/Sell.
For Demonstrative purpose...
I have on purpose chosen an O&G counter from a Cold Sector from MYX. This is a time of Pandemic. Therefore, choosing Technology or Glove and Healthcare Sectors would definitely reflect good performance. The idea here is to demonstrate that the Momentum Strategy application works on all market conditions anytime of the year.
Remember...
This strategy is only built for stocks. It is Not for Indices neither for any other financial instruments.
No SHORT signals in this strategy.
PIVOT EDGE - The complete trading setup - LITEIntroduction to the Indicator " PIVOT EDGE - The complete trading setup - LITE "
The Foundation layout for this indicator is based on PIVOT's which are nothing but the most important levels that the price has respected in the past.The values for the pivots are derived from the key attributes of the price in any timeframe such as the OPEN, HIGH, LOW and CLOSE. These define the mood of the price and where it intends to move in relation to the previous range formed.Earlier HIGH - LOW i.e the RANGE indicates the possible movement that a stock can make in the current session and as per the calculated pivots we can possible find out the tentative supports and resistances. In addition to this indicator, It is advisable to use the price action theory which helps in taking a right decision for entries.
This indicator by itself is complete in nature, i.e it guides the user for possible entry levels and the projected targets that we can achieve and also the likely stop loss limit in case the price reverses. So beforehand even before entering into a trade position, the user can ascertain what can be his loss or max profit and then he can chose an optimum position size for favorable results.
The beauty of this Indicator lies in the fact that it can be used for all types of trading like Scalping, Intra day, Swing or Positional and Investments also. It works on all timeframes and across all market segments like EQUITY, COMMODITIES, FUTURES , OPTIONS , FOREX etc.
This indicator can be used for any exchange and any timezone also without any changes or adjustments needed.
Now let us understand the features of this Indicator in detail.
TIMEFRAME - It has options to choose between Day,week and month as timeframe. By default it is set to Day timeframe
DISPLAY MAJOR LEVELS - These are the important support and resistance levels calculated based on the past price data. Most important ones are marked in BOLD RED and BOLD GREEN between which the price tends to move generally.
Apart from these, We have breakout level marked in light green and if price breaks this level we can expect targets upto extended levels and beyond marked in blue.
we also have breakdown level marked in light red and if price breaks this level we can expect targets down up to extended levels and below it marked in blue.
In addition I have coded intermediate target levels that appear in light gray between the extended levels or blue lines. Sometimes when the gap between these targets are huge, price cannot reach the targets and reverses at these intermediate targets. You can use them as targets or trailing stoploss based on your plan
DISPLAY HIDDEN LEVELS - These levels are intermediate supports and resistances that can be used whenever the present day indicated range is very wide. Whenever we have an explosive moments in market the range of that day is very huge and so he next day support and resistance band becomes very wide indicating the sideways movement day within that range. And on those days we can switch on the hidden levels and the price respects these levels and most of the days it is inside this range only.
DISPLAY PREVIOUS HIGH / LOW / CLOSE - I have included Daily / Weekly and monthly levels. It is important to know the earlier highs / lows and close since price respects it very must just like support and resistance.
PEMA - This is an important EMA based indicator which potentially indicates curves of support and resistance during retracements or pullbacks. If the curves are breached then the trend is reversed and the price will tend to move to the next pivots.
VALUE AREA - One of the most important feature of this Indicator is this which is derived from the Volume profile concepts. It indicates the fair value area Indicated by orange band and the upper and lower limits indicated by orange lines. Whenever the price is overvalued or undervalued, it is pushed back to its fair value and we can judge the present price position in relation to the value area and then take position in anticipation of the price reaching its fair value area. This must be coupled with price action for favorable results.
IMPORTANT NOTE : This indicator does not guarantee any favorable results nor protect your from any loss. You own the complete risk of your trades. It is suggested that you use this indicator and do back testing for considerable period to understand how it works the the potential win rate it can give.
If you have any doubts or need any clarifications of assistance in understanding, you can message me and i will try to help.
I will soon try to make a Video and explain the use of this indicator for better clarity and understanding.
Happy and Safe trading - Mohan from PIVOT EDGE
Dynamic Sigma VWAP and Volume Sigma LevelsEver Wondered How can you confidently Identify Reversals / and Trend Direction with Volume ?
So this Script will help you out with that!
What I am talking About?
1. Volume Standard Deviations Spikes being Projected Over the Price
2. Dynamic VWAP being Calculated from the Points of extremities in Volume Action {estimated using Standard Deviation Sigma Level}
So,
This is how sigma levels of 1sigma, 2sigma and 3sigma will look over the volume
Whenever Volume Spikes through these Sigma Levels,
Price Projections are Formed by this Indicator, both on Current Timeframes and Higher Timeframes Prices
So,
This is what price projection of Volume Sigma Levels (1,2,3sigmas crosses) will look if projected on Same Timeframe period
And This is how they look on chart using Higher Timeframe Period, (Default Higher Time Frame is 60mins, You can tweak as per your convenience)
Once All the Sigmas are projected Over the Price,
Dynamic VWAP is calculated from the points where volume crosses current Time Frame 2sigma and 3sigma Levels
see,
This helps out in figuring a lot of things in the price volume action!
Play with it, and Enjoy!
Demand and Supply zone Master IndicatorThe Demand and Supply Zone indicator helps to identify the valid demand and supply zones by removing the played out zones. This indicator looks for all patterns , Rally-Base-Rally and Drop-Base-Rally mark the zone as "DZ". Same way with pattern Drop-Base-Drop and Rally-Base-Drop it will mark "SZ".
The indicator is fully customizable as per your trading style.
What does the Indicator do ?
Normal = Aggressive Trader
Strong = Conservative Trader
V Strong = V Conservative Trader
Based on Trading style one can choose the option available. Default gives the best result.
1. Explosive candle Range : One can choose explosive candle range.
2. Basing Candle Range : One Can Choose Basing candle range.
3. Normal Candle Range : One can choose the normal candle range.
4. Legout Strength : One can customize the Legout Strength.
5. Demand and Supply zone version :
High - Low = Most traders use the high and low of the basing for calculating their zone.
Body - Low = Body (Base candle body high for demand zone and Body low for supply zone ). Normally beginner ( Conservative trader ) uses this option.
Continuous base = 1 to 10 : Based on the requirement one can use the number of basing candle.
max normal = 2 to 10 : Based on the requirement one can use the number of normal candle.
min normal = 1 to 10 : Min one to form the zone.
Line width = 1 to 5
MaxTouches = One can set the number of times the price visits the zone. 1 for Conservative trader and 3 for aggressive trader. Once the price touches the zone more than the given input, lines get deleted. Also if the price is grater that the zone value, line deletes.
Bar Lookback = How many bars to look back to check the strength of the candle. Default gives the best result.
Max Demand and Supply zones and Show all active Demand and Supply zones = One can visually see played out ( violated ) zones by unticking the Active zones option.
Otherwise indicator will show only the Active zones.
One can see max of 100 violated zones .
PM us to obtain the access.
Kangaroo Tail Pro Indicator
Kangaroo Tail Indicator is a pattern recognition indicator for Forex, Stocks, Indices, Futures, Commodities and Cryptos.
The Kangaroo Tail is a multi-bar pattern.
The Kangaroo Tail is both simple and very effective pattern to trade.
The strategy that comes with the Kangaroo Tail is based on price action.
The indicator does what it was designed for: displaying Kangaroo Tail patterns. Don't expect to follow the up and down arrows and make money. Trading is not that simple. The Kangaroo Tail pattern is a starting point. The arrow is not a confirmed BUY and SELL signal in itself. The Kangaroo Tail indicator alerts you that the market might be at a turning point now. Then you must use other elements of your strategy (trend, momentum, support/resistance, volatility, daily bias, and other indicators) to confirm the signal and place a trade.
The Kangaroo Pro version lets users adjust the pattern definition. This version is meant for expert traders who want to use their own optimized settings for the pattern.
Inputs of the indicator are:
MaxBars: number of bars back used to calculate the indicator
Automatic(true/false): you can either use the defaults conservative settings (automatic=true) or use your own settings (automatic=false).
BuySignals (true/false): you can filter signals and decide to show BUY signals or not. Default settings is true (no filter).
SellSignals (true/false): you can filter signals and decide to show SELL signals or not. Default settings is true (no filter).
CandleSize: filter signals depending on the size of candle (0.5 to 1.5 recommended range of values)
BodyPercent: position of body compared to the complete candle range (0.2 to 0.4 recommended range of values)
RoomLeftBars: room on the left you want to have for valid pattern (counted as a number of bars, recommended values of 5 to 30).
Alerts:
The alerts are managed by TradingView trading platform features and not by the indicator itself. You must use Kangaroo Sell less than zero and Kangaroo Buy greater than zero as settings for the alerts.
Beware that TradingView limits the number of alerts you can receive according to the plan you subscribed with the platform.
Beware that alerts are managed by TradingView trading platform features and not by the indicator itself. We provide settings for alerts as a courtesy. If you have problems with alerts or need special settings then please contact TradingView support since alerting is not a feature managed by the indicator.
Trading rules:
For BUY: wait for a bullish Kangaroo Tail to print on a support zone after a down trend. Wait for price to break high of the Kangaroo Tail candle (5 pips above the high for H1 and higher time frames). Immediately enter in the trade once high is broken. You also can use a BUY STOP order placed 5 pips above the high of the candle (plus spread). Stop Loss should be placed below the low of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.
For SELL: wait for a bearish Kangaroo Tail to print on resistance zone after an up trend. Wait for price to break the low of the Kangaroo Tail candle (5 pips below the low for H1 and higher time frames). Immediately enter in the trade once low is broken. You also can use a SELL STOP order place 5 pips below the low of the candle. Stop Loss should be placed above the high of the Kangaroo Tail candle. If order is not triggered in the next candle then trade is invalidated and should be canceled.
The Kangaroo Tail indicator can be used with any time frame.
The Kangaroo Tail indicator can be used with any class of assets: Forex, Stocks, Indices, Futures, Commodities and Cryptos.
Beware that in accordance with TradingView rules, we cannot update this description over time. At the time you are reading this description it might be outdated. We recommend you to visit our website for up to date information.
Booming Bull 15 Min StrategyBooming Bull 15 Min strategy
Conditions
First 15 min candle high-low must be less than .75%
Next candle is crossing either high or low
RogTrader HFT AlgoThis is a simple algorithm to generate Buy, Sell, Short, and Cover Signals. It uses the following:
RSI , MACD , Stochastic , Bollinger Bands , Ketler Channels, ATR Trailing Stop, Trend, and Volume .
Usage is simple: Green Background is Long and Red Background is Short positions.
LE = Long Entry
LX = Long Exit
SE = Short Entry
SX = Short Exit
This is not a trade recommendation, rather informative signals, and please do your due diligence. Thanks!
