Short-term bubble indicator Script measures the average daily change in price over the previous 90 days and compares it to the average daily change over a longer time period. Assesses if recent volatility is more / less than historical volatility to indicate if the ticker is overbought / oversold.
Cerca negli script per "Volatility"
Alpha Dynamic Momentum Index Pine@v=4- What Is Dynamic Momentum Index?
- The dynamic momentum index is a technical indicator used to determine if an asset is overbought or oversold. It can be used to generate trade signals in trending and ranging markets.
- The dynamic momentum index was developed by Tushar Chande and Stanley Kroll and is similar to the relative strength index (RSI). The main difference between the two is that the RSI uses a fixed number of time periods (usually 14) in its calculation, while the dynamic momentum index uses different time periods as volatility changes, typically between five and 30.
- The number of time periods used in the dynamic momentum index decreases as volatility in the underlying security increases, making this indicator more responsive to changing prices than the RSI. This is particularly useful when an asset's price moves quickly as it approaches key support or resistance levels. Because the indicator is more sensitive, traders can potentially find earlier entry and exit points than with the RSI, but it could also be more prone to whipsaws and false signals.
Average True Range NormalizedThis is a modified version of ATR. Instead of having volatility reading as unit price, we have percentage of the current price. Let say currently ATR is at 200 and the current close is 2000. Then this ATR will output 10.0 (10.0% volatility reading).
Average True Range Percentage (ATRP)What is ATRP?
Average True Range Percentage (ATRP) expresses the Average True Range (ATR) indicator as a percentage of a bar’s closing price.
How does this indicator work?
ATRP is used to measure volatility just as the Average True Range (ATR) indicator is. ATRP allows securities to be compared, where ATR does not.
ATR measures volatility at an absolute level, meaning lower priced stock will have lower ATR values than higher price stocks.
ATRP displays the indicator as a percentage, to allow for securities trading at different prices per share to be compared.
Reference: www.fidelity.com
Bvol24hPercentage of the Bitcoin volatility 24h index.
Higher volatility periods tend to create local tops/bottoms.
Enjoy :)
Weekly Open Percent RangeA simple take on finding percentage gain/drop range in a week for ranging or trending market instrument.
This script is hard coded to plot 0 to 3%, -3% range for the week base on instrument weekly open price.
Best to use with measured volatility indicator to gauge the movement of price. Anytime the price goes above the range level then it is likely to be trending. Highly volatile instruments will not find this indicator useful. It is best for heavy instruments like Forex or Indices where range % in a week in a non-volatile move is really quite small that these act as resistances and support.
Range Levels:
3%
2.5%
2%
1.5%
1%
0.75%
0.5%
0.25%
0%
-.25%
-.5%
-.75%
-1%
-1.5%
-2%
-2.5%
-3%
The next step for this indicator is to consider volatility range of instrument and to include this in the percentage zone levels instead of hard coding these.
Intraday (green), overnight (red), sum (blue) We know the volatility has some autocorrelation with yesterday's value.
So we could to guess the daily volatility for the next trading day.
Probability: Bull/Bear Dominance | Ratio | Bar CountIntro
What's the probability of the next bar being red? How about green? Well, there are many ways to quantify the probability but I am presenting just one stupidly simple (but generally accurate) way to measure it.
Strangely... no one has done this before that I can find. I try to check if someone else has done it first (Pro Tip: Plz do this. We honestly don't need the 5 trillionth "MTF MAs" script.)
Indicator
Its a basic counting script, but the nice thing about this script is you choose the time range. It starts counting from a specified point of your choosing. It counts up the bull bars and bear bars separately.
Bull Bar = Close > Open
Bear Bar = Open > Close
You can look at them in sum or as a ratio of Green Bars : Red Bars
I know, it's almost too simple. But, here's some interesting food for thought from a layman to fellow laymen.
Analysis/Edge
Between the time of candle open and candle close, the price can do one of three things, close higher, close lower, or close equal to.
'Equal to' is rare on higher timeframes in liquid markets and it provides no useful information. Thus, we'll nix it for purposes of this conversation.
So boil it down. The next candle is going to be a red candle or a green candle.
It is popular to refer to the general probability of most candles as 50/50, with trader's mission in life being to seek an edge that tilts the probabilities slightly in their favor.
The truth is the odds are probably never actually 50/50, but knowing the precisely correct probability is unknowable, just like the accuracy of a weather forecast is inherently unknowable. What we're trying to do as traders is develop systems that give us predictive probabilistic outcomes that correspond with future realities based on various ways of measuring the market (most often heavily dependent on the past).
The reality is that the market can be measured in many, many different ways. The important thing is that you measure it in a way that is accurate, relevant, and universally applicable.
So look at this indicator here:
You start from a point in time on a chosen timeframe and you put red bars in the red column, green in the green column, and count them all up.
Then you make a ratio, in this case, Green : Red.
What the ratio shows you is the percentage of green bars compared to red bars . At the time of this screenshot, the 4h on the SPX starting from the 2020 bottom is showing a ratio of 1.2.
This means there have been 20% more green bars than there have been red bars.
Now there are 1,000 directions you can take this discussion. What is the overall volatility picture, the size of the red bars vs the green bars, what happens if you miss out on the 5 biggest green bars... so many more variables that you would need to take into account to develop a true edge from this idea. But, the bottom line fact (which is what I like about this) is that we can take this data and say with a certain level of confidence that on the SPX you have a 20% better shot at making money (otherwise stated there's a 60/40 chance) if you open a LONG trade at the beginning of a 4h candle than if you open a short.
That's useful information. One could argue that it's not a complete strategy in and of itself (although I bet it could be with a couple of additional parameters). But I can tell you, based on the 4h candles in the 2020 rally if you open a short, the deck is stacked against you from this perspective. And we can actually somewhat demonstrate this to be true for our dataset because we can look at the price history and see who likely made more money. The SPX is up 1000pts off the bottom. So, thus far, for this dataset, it rings true; Bulls have been doing way better in the latter part of 2020 than the bears.
Conclusion
Predictive systems with a small number of variables tend to be more robust than a system with many variables when applied to a complex system. I may keep updating this script if people like it and determine aspects like population vs sample size, confidence intervals, volatility, and exclusion of outliers. For now, this is just an opening foray into the basic idea of how we can establish an edge in the markets. It really can be this simple.
Thanks for Reading.
Dancing Space IndicatorNaive Algo for Volatility Forecast: indicates the percentage of chances for the underlying to make a break through the current straddle price during time remaining from current bar close till the option expiry. Put it on the chart of an underlying, fill the inputs for current straddle price, how many bars of of chart time frame remains till expiry and what window size to use to make a forecast.
ATTENTION! Big numbers in "Bars till expiry" and "Window Size" inputs are a. Useless b. Makes TVW processing indicator very slow because of large number of iterations to perform.
ATTENTION 2! Algo is really naive and simple and based on historical data, but can be of use together with other volatility predicting signals.
3D WAVE-PM (3x Res Log 625-2000) [acatwithcharts]This is an (il)logical extreme adaptation of my (il)logical extreme adaption of Mark Whistler's WAVE-PM script, originally published in his book Volatility Illuminated as a MetaTrader script.
In 3D WAVE-PM, I plotted 32 period lengths from 14 to 600 at height equal to their length, reading out colors based on their value. I chose those lengths to create a relatively continuous indicator on log scale.
What I really wanted to do though was to (1) have the option to view this indicator in either linear or log and (2) not lose as much data resolution across nearly 600 periods. Within the limitations of Pinescript, the best solution I could find was to make multiple indicators hard-coding the different period lengths to create linear and log ranges such that I could make a composite heatmap with several different indicators on the same pane.
...but then I went a step further on the log scale version, noticing that I could easily make a 4th indicator that covers the 625-2000 period region at similar resolution to the other 3. So I did. This is therefore the "4th of 3 indicators" for log scale 3x resolution WAVE-PM.
It adds significant lag on top of what was already caused by 3x WAVE-PM, but I have found it broadly useful enough when looking at large expansions that I'm going to go ahead and launch it. I strongly recommend doing any other analysis in a separate tab from the one in which you have high-res 3D indicators open.
I'm excited to announce that we're putting the finishing touches on a subscription service for the volatility theory indicators, and assuming no hiccups will launch them within days. Subscriptions will be available in several packages through SharkCharts.live
Current pricing and subscription details will be kept up-to-date on SharkCharts.live
3D WAVE-PM Meow Mix [acatwithwithcharts]This is an (il)logical extreme adaptation of Mark Whistler's WAVE-PM script, originally published in his book Volatility Illuminated as a MetaTrader script. Instead of displaying WAVE-PM as several oscillator lines oscillating within a range, it plots 32 different period lengths at height equal to their length and reads out colors based on their value. The period lengths are spaced out such that it makes a relatively continuous heatmap when displayed on log scale. It has the same customization options as my regular WAVE-PM Meow Mix script.
(It may be necessary to move the scale around to see the indicator - it ranges from 14 to 600 and the scale on the chart seems to default to a range below it.)
It's experimental, it's a proof of concept for heatmap versions of indicators, it has a tendency to freeze up, and it gives a great deal of information in one snapshot (mcuh of which I'm still working out how best to use). It is particularly good at presenting a bird's eye view of the significance of a given movement relative to how much of an impact it has on higher period volatility expansions.
I'm publishing this as Invite-Only with a few specific people already in mind to help experiment with the concept, and do not have immediate plans for opening broad access to it.
jays Standard Deviation (jaytrades)The Jay Trades StdDev Zones indicator is a professional volatility mapping tool designed for intraday futures traders who want precision levels based on daily price behavior. It uses standard deviation of daily price changes to draw automatic dynamic support/resistance zones on lower timeframes — helping you identify key reaction points, expansion zones, and high-probability trade setups.
VRP Zones with Strategy Labels & TooltipsThis script marries the core concept of Volatility Risk Premium—how far implied vol sits above or below realized vol—with practical, on-chart signals that guide you toward specific options trades. By seeing “High VRP” in orange or “Negative VRP” in red right on your price bars (with hover-for-tooltip strategy tips), you get both the quantitative measure and the qualitative trade idea in one glance.
VIX9D to VIX RatioVIX9D to VIX Ratio
The ratio > 1 can signal near-term fear > long-term fear (potential short-term stress).
The ratio < 1 implies long-term implied volatility is higher — more typical in calm markets.
Clarix Trailing MasterClarix Trailing Master
Advanced Manual Entry Trailing Stop Strategy
Purpose :
Clarix Trailing Master is designed to give traders precise control over trade exits with a customizable trailing stop system. It combines manual entry inputs with dynamic and static trailing stop options, empowering users to protect profits while minimizing premature stop-outs.
How It Works:
You manually input your trade entry price and specify the trade direction (Long or Short).
The strategy activates the trailing stop only after the price moves favorably by a configurable profit threshold. This helps avoid early stop losses during initial market noise.
You can choose between a dynamic trailing stop based on Average True Range (ATR) or a fixed static trailing distance. The ATR can also be computed on a higher timeframe for enhanced stability.
Once active, the trailing stop updates live with price movements, ensuring your gains are locked in progressively.
If the price crosses the trailing stop, a clear alert triggers, and the stop-hit status displays visually on the chart.
Key Features:
Manual entry with exact price and timestamp input for precise trade tracking.
Supports both Long and Short trades.
Choice between dynamic ATR-based trailing or static trailing stops.
Configurable profit threshold before trailing stop activation to avoid early exits.
Visual markers for entry and stop-hit points (yellow and red respectively).
Live dashboard displaying entry details, trade status, trailing mode, and current stop level.
Works on all asset classes and timeframes, adaptable to various trading styles.
Built-in audio alert notifies you immediately when the trailing stop is hit.
Usage Tips:
Adjust the profit threshold and ATR settings based on your asset’s volatility and timeframe. For example, use higher ATR multipliers for more volatile markets like crypto.
Consider using higher timeframe ATR values for smoother trailing stops in fast-moving markets.
Ideal for swing trading or position trading where precise stop management is crucial.
Always backtest and paper trade before applying to live markets.
Movement WatcherMovement Watcher – Intraday Price Change Alert
This indicator tracks the percentage price movement of a selected symbol (e.g., VIX) from a configurable start time. If the intraday movement crosses a defined threshold (up or down), it triggers a one-time alert per day.
Key Features:
Monitors intraday % change from the specified start time.
Triggers one-time alerts for upper or lower threshold crossings.
Optional end time for monitoring period.
Visual plots and alert markers.
Useful for automated trading via webhook integrations.
This script was designed to work with automated trading tools such as the Trading Automation Toolbox. You can use it to generate alerts based on intraday volatility and route them via webhook for automated strategies.
Circuit Counter (1Y)# Circuit Counter (1Y) - Pine Script Indicator
## Overview
The Circuit Counter (1Y) is a comprehensive technical analysis tool designed to track and count circuit breaker events over a rolling 12-month period (252 trading bars). This indicator helps traders identify stocks or securities that frequently hit upper or lower circuit limits, providing valuable insights into price volatility patterns and market behavior.
## Key Features
### Circuit Detection Algorithm
- **Precision Tracking**: Monitors exact 5%, 10%, and 20% price movements with high accuracy (0.01% tolerance)
- **Upper Circuit Detection**: Identifies when closing price equals daily high AND represents a 5%, 10%, or 20% gain
- **Lower Circuit Detection**: Identifies when closing price equals daily low AND represents a 5%, 10%, or 20% loss
- **Real-time Analysis**: Continuously updates circuit counts as new bars form
### Visual Display
- **Clean Table Interface**: Displays circuit counts in an organized table positioned at bottom-right of chart
- **Color-coded Results**: Green background for upper circuits, red background for lower circuits
- **Professional Formatting**: White text on colored backgrounds for optimal readability
- **Non-intrusive Design**: Overlay indicator that doesn't interfere with price action analysis
### Customization Options
- **Adjustable Lookback Period**: Default 252 bars (1 trading year) with flexibility to modify based on analysis needs
- **Minimum Value Protection**: Input validation ensures lookback period cannot be set below 1 bar
## Technical Specifications
- **Version**: Pine Script v5
- **Chart Type**: Overlay indicator
- **Performance**: Optimized loop structure for efficient historical data processing
- **Compatibility**: Works on all timeframes and asset classes
- **Memory Management**: Uses variable declarations for optimal performance
*This indicator is designed for educational and analytical purposes. Past circuit breaker activity does not guarantee future performance or price movements.*
Relative ATRThis indicator enhances the standard Average True Range (ATR) by providing context about current volatility relative to its recent historical average. It highlights periods where ATR is significantly higher or lower than its own recent norm.
pips barThis indicator displays a line (pips bar) of lengths corresponding to the set number of pips on the chart. This pips bar serves as a reference for assessing the volatility of the displayed chart. One pip for currency pairs is distinguished for JPY pairs and for others.
The horizontal position of the pips bar is offset to the right of the latest bar by the specified bar amount, and the vertical position can be selected from Top, Middle, or Bottom, calculated using the maximum and minimum values visible on the chart.
Concept Probability ConeThe Concept Probability Cone is a mathematical indicator designed to demonstrate the potential price range of an asset based on its historical volatility and statistical probabilities. Unlike most publicly available probability cone scripts, which often contain inaccuracies and oversimplifications, this tool is developed with a strong focus on precision and accuracy. It is important to note, however, that the Concept Probability Cone is currently in its initial stage, and further improvements and refinements may be introduced over time.
One significant difference between the Concept Probability Cone and other publicly available scripts is the incorporation of inverse Cumulative Distribution Functions (CDFs) in its calculations. Inverse CDFs are used to map a random variable's probability distribution to its corresponding quantile, which helps in determining the asset's price boundaries with a higher level of precision. This key feature sets the Concept Probability Cone apart from other tools, addressing the flaws found in many existing probability cone scripts.
This is a proof of concept indicator. Users are encouraged to play around with the tool, explore its features, and gain a deeper understanding of the statistical principles it demonstrates.
BBFIB Regular /Intraday Bollinger Bands and Fibonacci Levels Indicator displays Fibonacci levels for Intraday and Regular ( for given number of bars) for Bollinger Bands and for Highest and Lowest levels on Chart .
The indicator facilitates to switch over to following options by checking the relevant Check Boxes like Regular and Fibonacci or Regular and Bollinger Bands or Intraday and Fibonacci or Intraday and Bollinger Band. Default is Regular and Fibonacci for Length of 20 bars .
Regular/Intraday
Regular
Intraday
Fibonacci/Bollinger Bands
Fibonacci
Bollinger Bands
Default multiplier for Bollinger Bands is 2 and Moving Average is SMA 20. Default Length of Bars for General Moving Average is SMA 20.
User is provided with options to Input number of bars under Regular option for Bollinger Bands Moving Average and Fibonacci Levels for highest and lowest levels. For Intraday the script automatically updates the Length base from Day open .Input option is provided for Length of General Moving Average.
User is provided with the following Oscillation input options;
Regular:SMA,EMA,WMA ,VWMA
Intraday:SMA,WMA ,VWMA
General Moving Average:SMA,EMA,WMA, VWMA
The indicator helps the User to monitor level of volatility and the position of Price with relevance to Fibonacci levels for Intraday/Regular bars.
DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment.
ADR + IDR [vnhilton]Average Day Range (ADR) is an indicator that calculates the average range of high to low of the candles for a set period of time. This is more useful for intraday trading, where, on an average day, you'd expect price to trade in a range similar to the ADR. This indicator also includes an Intraday Day Range (IDR), which can be used to track progress of the intraday range. By default, IDR is in multiplier form i.e. if it's 2, then the day has traded at a range twice as large as the ADR (you have the option to change IDR to price form if you wish). Therefore, IDR can also be used to measure intraday volatility (as well as taking profit & perhaps fading false breakouts when IDR is at 1x, 1.5x, 2x, etc.) by seeing if today is above/below/at average. This means that this indicator is intended for intraday use, but can be used up to the daily timeframe.
(ADR & IDR values can be seen in the top left)
The indicator also plots intraday high & low levels so when price trades near these levels then the indicator can become of use (if price trades far away from these levels, then you don't need to pay any attention to the indicator).
We can see in the chart snapshot image above for BTCUSDT, its 10 period ADR is 1149.37, & IDR is 0.52 (just over 50% of the ADR) as of 21:40 BST, meaning that BTCUSDT price range today is lower than average.
You may notice that the intraday high & low isn't touching the intraday high & low lines respectively on instruments that isn't cryptocurrencies nor forex pairs. To solve this problem, you would have to get extra market data from TradingView, or to integrate your broker with TradingView to pass along your broker's data feed (provided your broker also has real-time data - if not you may need to get extra market data via the broker.
VIX Contango/RollThis chart looks at the front end of the VIX Term Structure (separate from the Cash VIX Term Structure), what it means simply is what the market expects VIX (30 day rolling implied) to be in the future expiry dates. Here we focus on the nearby two futures contracts VX1! and VX2! and looks at any flattening or steepening which gives us interesting insights on the risk pricing in the equity market.
We look at two ratios and see their behavior on a daily basis, alongside 4 distinct levels of -0.1, -0.05, 0.05, 0.10
1. VIX Contango : (VX2!/VX1!)-1
2. VIX Contango Roll : (VX2!/VIX) - 1
Observations :
1. Increase in these ratios is generally bullish for underlying equities, it means that the VIX Term Structure front end is steepening. And vice-versa.
2. Generally when these ratios > 0.05, it indicates bullish equities (bearish volatility). Additionally, -0.05 has seen to be some kind of support for these ratios. Note that these levels are observed only and should not be taken as a guidance of a fixed level, extreme panic can easily overshoot these levels on the downside.
Caveat : Unless PRO+ subscription, this indicator can ONLY be viewed on a daily basis.
Feel free to use and comment, if any observations.
