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Confluence Strategy Backtest This is modified version of Dale Legan's "Confluence" indicator written by Gary Fritz. ================================================================ Here is Gary`s commentary: Since the Confluence indicator returned several "states" (bull, bear, grey, and zero), he modified the return value a bit: -9 to -1 = Bearish -0.9 to 0.9 = "grey" (and zero) 1 to 9 = Bullish The "grey" range corresponds to the "grey" values plotted by Dale's indicator, but they're divided by 10. You can change long to short in the Input Settings Please, use it only for learning or paper trading. Do not for real trading.
Strategia Pine Script®
di HPotter
Confluence Strategy This is modified version of Dale Legan's "Confluence" indicator written by Gary Fritz. ================================================================ Here is Gary`s commentary: Since the Confluence indicator returned several "states" (bull, bear, grey, and zero), he modified the return value a bit: -9 to -1 = Bearish -0.9 to 0.9 = "grey" (and zero) 1 to 9 = Bullish The "grey" range corresponds to the "grey" values plotted by Dale's indicator, but they're divided by 10.
Indicatore Pine Script®
di HPotter
1
Elder Ray (Bear Power) Strategy Backtest Developed by Dr Alexander Elder, the Elder-ray indicator measures buying and selling pressure in the market. The Elder-ray is often used as part of the Triple Screen trading system but may also be used on its own. Dr Elder uses a 13-day exponential moving average (EMA) to indicate the market consensus of value. Bear Power measures the ability of sellers to drive prices below the consensus of value. Bear Power reflects the ability of sellers to drive prices below the average consensus of value. Bull Power is calculated by subtracting the 13-day EMA from the day's High. Bear power subtracts the 13-day EMA from the day's Low. You can use in the xPrice any series: Open, High, Low, Close, HL2, HLC3, OHLC4 and ect... You can change long to short in the Input Settings Please, use it only for learning or paper trading. Do not for real trading.
Strategia Pine Script®
di HPotter
PPO Bull/Bear Divergence to High/Low StrategyA simple strategy that uses the PPO divergences to open trades and the highs/lows to close them. Credit to Pekipek for this PPO Divergence indicator (I changed the visuals a bit) STRATEGY Purple circle - bullish divergence - enter LONG Orange circle - bearish divergence - enter SHORT Green dot - high point - exit LONG Red dot - low point - exit SHORT That's it. Not very profitable, but I like Pekipek's indicator a lot so figured I'd see what a strategy was like. Would love to see any variations.
Strategia Pine Script®
di scarf
11
EMA bullish/bearish dashboard - MTFThis is a good reminder for which way you should be placing orders. It's best to not ignore these signals!!! lime = full bull - 100ema above 200ema and price is above 200ema green = hallf bull - price now below 200ema but 100ema is still above the 200 maroon = full bear - opposite of full bull red = half bear - opposite of half bull Also with multi timeframe option - so I guess you could stack several of these on a single framed chart if you wanted.
Indicatore Pine Script®
di squattter
1
[NM] EMADiff v01 - an indicator for everyone !Allright gang, we are here with a new indicator that should help you with determining the direction to trade or whether you should trade at all. It uses the close of the candle and 2 EMAs. The faster moving line is the difference between the close and the Slow EMA, while the slower moving line shows the difference between the Fast EMA and the Slow EMA. There are a couple of ways you can use this indicator, depending on your trading style : For the quick profit, in and out : - enable the safer trading option and keep smoothing at the default setting, buy when both lines are green, sell when both line are red and get out when one of the lines changes color (or when profit target is reached) (see the top option) For longer trades : - you can increase the smoothing, use a higher Slow EMA and disable the Safer trading option, enter either when both lines have the same color, either on a crossover. (the bottom option) In both cases, if both lines hover around the zero line, the trend is definitely not strong. Much more options are available so I would love to hear how you use this indicator. A thumbs up if you like it would be highly appreciated :) Works nicely together with my other indicators below : To add this indicator (or any other) to your chart, click the "Add to favorites" button. Then while having the chart you wish to apply it to open, click on Indicators > Favorites > EMADiff v01 (or any other indicator that you favorited.
Indicatore Pine Script®
di Profit_Through_Patience
26
[NM]Improved Linear Regression Bull and Bear Power v02Hi guys, I'm back with a little improvement on the Bull and Bear Signal I published just last week thanks to some feedback I received from a couple of users, which is of course highly appreciated. Here are the changes that have been implemented compared to v01 : (version 1 is the top indicator, version 2 is the bottom one) in the chart above Formula adapted to calculate the signal if no data is available for either bull or bear Added the possibility to smoothen the signal using Arnaud Legroux Moving Average (the benefit of this is that it does not add any lag to the signal) Zero line was added If you have any further ideas on how to improve the indicator or if you are happy with it and want to share your settings or rules of engagement, please feel free to share them below. Oh, and don't forget to click that like button ! :)
Indicatore Pine Script®
di Profit_Through_Patience
28
Custom Indicator Clearly Shows If Bulls or Bears are in Control!The Two Versions of this Indicator I learned from Two Famous and Highly Successful Traders. This Indicator shows With No Lag Clear Up and Down Trends in Market by Documenting Clearly If Bulls or Bears are in Control. The Version In SubChart 1 Shows Consecutive Closes if the Current Close is Greater than of Less than the Midpoint of the Previous Bar (Why Midpoint Explained in Detail in 1st Post). The Version in SubChart 2 Shows Consecutive Closes that are Greater than or Less Than the Previous Close (Will Discuss Specific Uses in 1st Post). Works on Stocks, Forex, Futures, on All Timeframes.
Indicatore Pine Script®
di ChrisMoody
36
Larsson Line Replica (Yellow = Bullish, Blue = Bearish)📘 Interpretation with Flipped Colors 🟨 Yellow Zones – Bullish Trend • Signals uptrend confirmation. • SMMA(15) > SMMA(29) indicates upward momentum. • Ideal for: • Holding or adding to long positions • Buying pullbacks within or near the band • Ignoring short setups on lower timeframes unless reversal signals show up 🟦 Blue Zones – Bearish Trend • SMMA(15) < SMMA(29) confirms a downtrend. • Useful for: • Risk-off posture: take profits, reduce exposure • Considering short trades • Waiting out until trend flips yellow again before longing 🩶 Gray Zones – Transition / Unclear • Represents possible trend change or indecision. • Appears around crossovers. • Great time to be cautious — wait for confirmation (either yellow or blue) • Often coincides with low-volatility consolidation zones or false breakouts 📊 Timeframe Interpretation Tips (with Updated Colors) 🕰️ Weekly – Macro Regime Filter • 🟨 Yellow = Swing longs allowed • 🟦 Blue = Risk-off, short setups more reliable • Use this timeframe as your macro bias anchor • Combine with higher timeframe market structure, moving averages, or on-chain trends ⸻ 📅 Daily – Tactical Entry & Position Management • Use the slope of the bands for early momentum detection • 🟦 Blue to Yellow flips = potential trend reversal to the upside → re-enter longs, cut shorts • 🟨 Yellow to Blue flips = trend weakness or downtrend return → consider profit-taking or short setups • Great timeframe for: • Refining entries • Managing exits • Spotting trend shifts before weekly confirms ⸻ ⏱ Lower Timeframes (4H, 1H) – Execution • Treat the band like a dynamic trend channel • Enter trades in direction of the current color: • 🟨 Yellow → Buy pullbacks to the midline • 🟦 Blue → Sell bounces into the midline • Avoid trading against the band unless clear structure or divergence forms • Pair with RSI/MACD for confluence
Indicatore Pine Script®
di paiuniversum
NakInvest - 123 (Bullish & Bearish U-Pattern)📘 Description: U-Shape 123 (Bullish & Bearish Identifier) This indicator helps you identify the 123 reversal pattern, a powerful yet simple price action setup taught by renowned Brazilian trader Stormer. I learned this pattern from Lucas Nakata, founder of NakInvest, who was a student of Stormer. Stormer has popularized and refined this setup in the Brazilian trading community, especially for identifying U-shaped reversals that precede strong directional moves. ⸻ 🔎 What is the 123 Pattern? The 123 pattern is a 3-candle formation used to spot bullish or bearish reversals. It forms a “U” or inverted “U” shape and is based purely on candlestick structure — no indicators or lagging signals. There are two versions: ✅ Bullish 123 (“U” pattern) • Candle 1: Red candle with a large body (selling pressure). • Candle 2: Small candle of any color (pause or indecision). • Candle 3: Green candle with a body at least 70% the size of candle 1 (strong bullish push). This indicates a potential bullish reversal from a prior downtrend. ❌ Bearish 123 (inverted “U” pattern) • Candle 1: Green candle with a large body (buying pressure). • Candle 2: Small candle of any color (pause or indecision). • Candle 3: Red candle with a body at least 70% the size of candle 1 (strong bearish push). This indicates a potential bearish reversal from a prior uptrend.
Indicatore Pine Script®
di feliperazeek
2
Consecutive Bullish/Bearish Candles🔍 Overview: This indicator detects market manipulation and deception by identifying sequences of consecutive bullish or bearish candles. It highlights potential reversal zones where trends may exhaust or trap traders before reversing. 📌 How It Works: The user can set a custom number of consecutive bullish or bearish candles (default: 5). If the set number of consecutive green (bullish) or red (bearish) candles appears, the indicator plots a signal on the chart. This pattern often signals exhaustion, stop hunts, or market traps, making it useful for traders looking for reversal opportunities. 📊 Features: ✅ Customizable candle count for detection ✅ Visual signals (✅ for bullish, ❌ for bearish) ✅ Alerts support for automated notifications ✅ Works on all timeframes and all markets (crypto, stocks, forex) ⚠️ Note: This indicator does not guarantee reversals but helps identify areas where traders may be trapped and a trend shift is likely. Always use it with other confluence factors like volume, support/resistance, and market sentiment. 🚀 Use this tool to spot market deception and trade smart!
Indicatore Pine Script®
di MostafaFarahmand
RVMM IndicatorRVMM Indicator RVMM Indicator combines four indicators: RSI, VWAP, MFI, and Momentum to provide comprehensive technical analysis. This indicator helps traders identify potential market conditions based on the interaction of these indicators. Components of the RVMM Indicator 1. RSI (Relative Strength Index) RSI is a momentum indicator that measures the speed and change of price movements. RSI oscillates between 0 and 100 and is used to identify overbought and oversold conditions in the market. Buy Level: Set at 30. When RSI falls below 30, the market is considered oversold, which may suggest a potential upward trend reversal. Sell Level: Set at 70. When RSI rises above 70, the market is considered overbought, which may suggest a potential downward trend reversal. 2. VWAP (Volume Weighted Average Price) VWAP is an indicator that combines price and volume to calculate the average price weighted by volume. VWAP is used to identify support and resistance areas and assess the strength of price movements. Interpretation: If the price is above the VWAP line, the market is likely in an uptrend. If the price is below the VWAP line, the market is in a downtrend. 3. MFI (Money Flow Index) MFI is a momentum indicator that considers both price and volume. MFI oscillates between 0 and 100 and is used to identify overbought and oversold conditions in the market. Oversold Level: Set at 20. When MFI falls below 20, the market is considered oversold. Overbought Level: Set at 80. When MFI rises above 80, the market is considered overbought. 4. Momentum Momentum is an indicator that measures the speed of price changes. This indicator is used to identify the strength of a trend. Interpretation: High momentum values indicate a strong uptrend, while low momentum values indicate a strong downtrend. How to Use the RVMM Indicator Interpreting Market Conditions: RSI : Check RSI values below 30 to identify oversold conditions, and above 70 to identify overbought conditions. VWAP : Observe whether the price is above or below the VWAP line to determine if the market is in an uptrend or downtrend. MFI : Check if MFI is below 20 to identify oversold conditions, and above 80 to identify overbought conditions. Momentum : Analyze momentum values to gauge the strength of the current trend. Confirming Market Conditions: Use VWAP, MFI, and Momentum to confirm market conditions identified by RSI. If the price is above the VWAP line, and MFI and Momentum indicate the strength of the uptrend, the market may be in a bullish phase. If the price is below the VWAP line, and MFI and Momentum indicate the strength of the downtrend, the market may be in a bearish phase. Risk Management: Set stop-loss and take-profit levels based on technical analysis and your trading preferences. Monitor the market and adjust stop-loss and take-profit levels as market conditions change. Example of Application Here is an example of how to use the RVMM Indicator in practice: Bullish Phase: When the price is above the VWAP line, RSI is below 30, and MFI and Momentum indicate the strength of the uptrend, the market is likely in a bullish phase. Bearish Phase: When the price is below the VWAP line, RSI is above 70, and MFI and Momentum indicate the strength of the downtrend, the market is likely in a bearish phase.
Indicatore Pine Script®
di cryptosada
Consecutive Bearish Candle Strategy█ STRATEGY DESCRIPTION The "Consecutive Bearish Candle Strategy" is a momentum-based strategy designed to identify potential reversals after a sustained bearish move. It enters a long position when a specific number of consecutive bearish candles occur and exits when the price shows strength by exceeding the previous bar's high. This strategy is optimized for use on various timeframes and instruments. █ SIGNAL GENERATION 1. LONG ENTRY A Buy Signal is triggered when: The close price has been lower than the previous close for at least `Lookback` consecutive bars. This indicates a sustained bearish move, suggesting a potential reversal. The signal occurs within the specified time window (between `Start Time` and `End Time`). 2. EXIT CONDITION A Sell Signal is generated when the current closing price exceeds the high of the previous bar (`close > high `). This indicates that the price has shown strength, potentially confirming the reversal and prompting the strategy to exit the position. █ ADDITIONAL SETTINGS Lookback: The number of consecutive bearish bars required to trigger a Buy Signal. Default is 3. Start Time and End Time: The time window during which the strategy is allowed to execute trades. █ PERFORMANCE OVERVIEW This strategy is designed for markets with frequent momentum shifts. It performs best in volatile conditions where price movements are significant. Backtesting results should be analysed to optimize the `Lookback` parameter for specific instruments.
Strategia Pine Script®
di Botnet101
Numerical Volume with Bullish/Bearish Color CodingDescription: This indicator visually represents trading volume with color-coded lines to distinguish between bullish and bearish market conditions. The volume line is colored green for bullish periods (when the closing price is higher than the opening price), red for bearish periods (when the closing price is lower than the opening price), and gray for neutral periods (when the open and close prices are equal). The volume can be displayed with labels at specified intervals, offering a quick reference to the exact volume for each period. This tool helps to analyze volume trends in relation to price action, providing an easy-to-read overview of market sentiment.
Indicatore Pine Script®
di The_Forex_Steward
Bullish and Bearish Harami DetectorHere’s a description of the script I built for you, designed for a **TradingView public indicator**: ### **Custom Bullish and Bearish Harami Detector with Timeframe Selection** This custom Pine Script detects **Bullish Harami** and **Bearish Harami** candlestick patterns on the selected timeframe, with configurable settings for how many prior candles to consider for pattern detection. --- ### **Features:** 1. **Timeframe Selection:** - **Input Field for Timeframe**: The script allows users to choose the timeframe for detecting patterns. For instance, you can set it to 1 hour, 4 hours, or even daily candles, ensuring the detection works as per your chosen market view. - This is controlled by the `input.timeframe` function, and the user is prompted to select the desired timeframe (e.g., "1h", "4h", "1d"). 2. **Enable/Disable Pattern Detection:** - The user has the flexibility to enable or disable the detection of **Bullish Harami** and **Bearish Harami** patterns. - The two toggles `detectBullishHarami` and `detectBearishHarami` allow users to turn on/off the detection for each pattern type. 3. **Customizable Bearish Candle Count for Bullish Harami:** - The user can define how many prior **bearish candles** should be present before a **Bullish Harami** can be detected. - The input variable `bearishCandleCountBullish` lets you choose how many previous bearish candles to consider for detecting a **Bullish Harami** (for example, the last 3, 5, or 6 bearish candles). 4. **Customizable Bullish Candle Count for Bearish Harami:** - Similar to the Bullish Harami, the script allows the user to define how many prior **bullish candles** should be present before a **Bearish Harami** pattern is detected. - The input variable `bearishCandleCountBearish` lets you select how many previous bullish candles to check for **Bearish Harami**. 5. **Pattern Detection Logic:** - **Bullish Harami**: Detected when a bearish candle (open > close) is followed by a smaller bullish candle (open < close) where the entire body of the second candle is contained within the body of the first candle. - **Bearish Harami**: Detected when a bullish candle (open < close) is followed by a smaller bearish candle (open > close) where the entire body of the second candle is contained within the body of the first candle. - Both patterns are subject to the user-defined conditions (number of previous bearish or bullish candles). 6. **Visual Indicators:** - **Bullish Harami**: A green label is plotted **below the bar** to indicate a **Bullish Harami** pattern. - **Bearish Harami**: A red label is plotted **above the bar** to indicate a **Bearish Harami** pattern. - The labels are displayed using the `plotshape` function with custom colors and text. 7. **Additional Settings**: - The script includes tooltips and descriptions for each input to make the settings clear for users, allowing even those unfamiliar with candlestick patterns to understand and use the indicator effectively. --- ### **How It Works:** - The script first checks the specified timeframe and identifies the current and previous candlesticks. - It then applies the user-defined conditions for detecting the **Bullish Harami** and **Bearish Harami** patterns by checking the relative positions and sizes of the candlesticks over the selected number of previous candles. - Once a pattern is detected, it plots a label on the chart (green for **Bullish Harami** and red for **Bearish Harami**) at the appropriate location (below or above the candle). - The script updates dynamically as the price action unfolds. --- ### **Use Cases:** - **Traders**: This script is useful for traders who want to identify reversal patterns like **Bullish Harami** and **Bearish Harami** on their chosen timeframes and adjust the sensitivity by changing the number of prior candles for pattern detection. - **Customization**: Users can fine-tune the script’s settings based on their specific trading strategy, adjusting both the timeframe and the number of candles for pattern detection. --- ### **Conclusion:** This indicator is an effective tool for detecting candlestick patterns, specifically **Bullish Harami** and **Bearish Harami**, on **TradingView**. By allowing customization in terms of timeframe and the number of prior candles to consider, users can tailor the script to fit their trading strategy and market conditions.
Indicatore Pine Script®
di guygcpg
PnF Bullish & Bearish Trend Line Indicator with Proximity AlertThis Pine Script indicator, "PnF Bullish and Bearish Trend line Proximity Alert," overlays on a trading chart to monitor and alert users about interactions with bullish and bearish trend lines derived from Point and Figure (PnF) charting. Key Features: Inputs: Users can set parameters such as box size, bullish and bearish angles (in degrees), and a proximity threshold for detecting touches. Slope Calculation: The script calculates the slopes for bullish and bearish trendlines using the tangent of the specified angles. Trendline Management: It initializes and updates trend lines based on price interactions, adjusting their starting points and positions as conditions change. Proximity Detection: The indicator checks if the current price is close enough to the trend lines and sets conditions for alerts. Alerts: Users receive alerts when both trend lines are touched, enhancing decision-making for trading strategies. Visual Feedback: It highlights areas where both trend lines are touched and plots the trend lines in distinct colors for clarity. This indicator provides an effective way to track key price levels and potential trend reversals in the market.
Indicatore Pine Script®
di ScotchNoCoke
2
Bullish and Bearish Triangle PatternsBullish Triangle Detection: A bullish triangle is identified when the highs are flat or increasing and the lows are rising, signaling an upward trend. The script uses ta.crossover for rising lows. If a bullish triangle is detected, a green triangle (▲) is plotted above the price. Bearish Triangle Detection: A bearish triangle is identified when the highs are falling and the lows are falling as well, signaling a downward trend. The script uses ta.crossunder for falling highs. If a bearish triangle is detected, a red triangle (▼) is plotted below the price. Plotting Both Patterns: The script displays green upward-facing triangles for bullish patterns and red downward-facing triangles for bearish patterns on the chart. Alerts: Alerts can be triggered for both bullish and bearish triangle patterns so that you can be notified when they occur.
Indicatore Pine Script®
di sandeepg0007
US Sentiment Index [CryptoSea]The US Sentiment Index is an advanced analytical tool designed for traders seeking to uncover patterns, correlations, and potential leading signals across key market tickers. This indicator surpasses traditional sentiment measures, providing a data-driven approach that offers deeper insights compared to conventional indices like the Fear and Greed Index. Key Features Multi-Ticker Analysis: Integrates data from a diverse set of market indicators, including gold, S&P 500, U.S. Dollar Index, Volatility Index, and more, to create a comprehensive view of market sentiment. Customisable Sensitivity Settings: Allows users to adjust the moving average period to fine-tune the sensitivity of sentiment calculations, adapting the tool to various market conditions and trading strategies. Detailed Sentiment Scaling: Utilises a 0-100 scale to quantify sentiment strength, with colour gradients that visually represent bearish, neutral, and bullish conditions, aiding in quick decision-making. Below is an example where the sentiment index can give leading signals. We see a first sign of wekaness in the index as it drops below its moving average. Shortly after we see it dip below our median 50 level, another sign of weakeness. We see the SPX price action to take a hit following the sentiment index decrease. Tickers Used and Their Impact on Sentiment The impact of each ticker on sentiment can be bullish or bearish, depending on their behaviour: Gold (USGD): Typically seen as a safe-haven asset, rising gold prices often indicate increased market fear or bearish sentiment. Conversely, falling gold prices can signal reduced fear and a shift towards bullish sentiment in riskier assets. S&P 500 (SPX): A rising S&P 500 is usually a sign of bullish sentiment, reflecting confidence in economic growth and market stability. A decline, however, suggests bearish sentiment and a potential move towards risk aversion. U.S. Dollar Index (DXY): A strengthening U.S. Dollar can be a sign of fear as investors seek safety in the dollar, which is bearish for risk assets. A weakening dollar, on the other hand, can signal bullish sentiment as capital flows into riskier assets. Volatility Index (VIX): Known as the "fear gauge," a rising VIX indicates increased market fear and bearish sentiment. A falling VIX suggests a calm, bullish market environment. Junk Bonds (JNK): Rising junk bond prices often reflect bullish sentiment as investors take on more risk for higher returns. Conversely, falling junk bond prices signal increased fear and bearish sentiment. Long-Term Treasury Bonds (TLT): Higher prices for long-term treasuries usually indicate a flight to safety, reflecting bearish sentiment. Lower prices suggest a shift towards riskier assets, indicating bullish sentiment. Financial Sector ETF (XLF): Strength in the financial sector is typically bullish, indicating confidence in economic conditions. Weakness in this sector can reflect bearish sentiment and concerns about financial stability. Unemployment Rate (USUR): A rising unemployment rate is a bearish signal, indicating economic weakness. A declining unemployment rate is bullish, reflecting economic strength and job growth. U.S. Interest Rates (USINTR, USIRYY): Higher interest rates can be bearish, as they increase borrowing costs and reduce spending. Lower rates are generally bullish, promoting economic growth and risk-taking. How it Works Sentiment Calculation: The US Sentiment Index combines data from multiple tickers, calculating sentiment by scaling the distance from their respective moving averages. Each asset's behaviour is interpreted within the context of market fear or greed, providing a refined sentiment reading that adjusts dynamically. Market Strength Analysis: When the index is above 50 and also above its moving average, it indicates particularly strong or bullish market conditions, driven by greed. Conversely, when the index is below 50 and under its moving average, it signals bearish or weak market conditions, associated with fear. Correlation and Pattern Detection: The indicator analyses correlations among the included assets to detect patterns that might signal potential market movements, giving traders a leading edge over simpler sentiment measures. Adaptive Background Colouring: Utilises a colour gradient that dynamically adjusts based on sentiment values, highlighting extreme fear, neutral, and extreme greed levels directly on the chart. Flexible Display Options: Offers settings to toggle the moving average plot and adjust its period, giving users the ability to tailor the indicator's sensitivity and display to their specific needs. In this example below, we can see the Sentiment rise above the Moving Average (MA). Price action goes on to follow this, although there is an instance where it dips below the MA, it quickly rises back above again as a sign of strength. Another way you can use this index is by simply using the MA, if its trending up, we know the macro sentiment is bullish. Application Data-Driven Insights: Offers traders a detailed, data-driven approach to sentiment analysis, incorporating a broad spectrum of market indicators to deliver actionable insights. Pattern Recognition: Helps identify patterns and correlations that may lead to market reversals or continuations, providing a nuanced view that goes beyond simple sentiment gauges. Enhanced Decision-Making: Equips traders with a robust tool to validate trading strategies and make informed decisions based on comprehensive sentiment analysis. The US Sentiment Index by is an essential addition to the toolkit of any trader looking to navigate market complexities with precision and confidence. Its advanced features and data-driven approach offer unparalleled insights into market sentiment, setting it apart from conventional sentiment indicators.
Indicatore Pine Script®
di CryptoSeaTV
Bullish/Bearish Volume Indicator ABDJO1- red bars are bearish volume 2- yellow bars are a weakness of bearish volume. 3-green bars are a strong bullish volume. 4-Orange bars are a weakness of bullish volume. 1. Price Movements The chart does not explicitly show price movements, but the volume bars can give us indirect clues. Typically, a transition from green (strong bullish volume) to red (bearish volume) suggests a potential reversal from an uptrend to a downtrend. The presence of orange bars (weakness of bullish volume) following green bars indicates a decrease in buying momentum, which often precedes a price decline. 2. Trading Volume Green Bars: Represent strong bullish volume, indicating strong buying interest. Orange Bars: Indicate a weakening of bullish volume, suggesting that buyers are losing strength or interest at higher price levels. Yellow Bars: Represent a weakening of bearish volume, which could indicate that selling pressure is decreasing and a potential reversal or stabilization in price might occur. Red Bars: Signify strong bearish volume, indicating strong selling pressure. 3. Price-Volume Relationship The transition from green to orange and then to red bars shows a typical pattern where initial strong buying interest (green) is followed by a decrease in buyer enthusiasm (orange), and eventually overtaken by sellers (red). This pattern often corresponds to a peak in prices followed by a reversal to the downside. 4. Technical Indicators Without specific price data, traditional indicators like MA (Moving Averages), MACD (Moving Average Convergence Divergence), or KDJ (Stochastic Oscillator) cannot be calculated directly. However, the volume pattern itself can be used as a rudimentary momentum indicator, with decreasing bullish volume (orange) and increasing bearish volume (red) suggesting a bearish momentum. 5. Support and Resistance Levels Support Level: Could be hypothesized near the transition point from yellow to green bars, where buyers previously started to overpower sellers. Resistance Level: Likely near the transition from green to orange bars, where sellers begin to regain control and buying momentum fades. 6. Overall Trend Patterns The overall trend, inferred from the volume bars, suggests a bullish phase losing momentum and transitioning into a bearish phase. This is typical of a market top where buying interest wanes and sellers begin to dominate. 7. Future Projections and Recommendations Given the observed shift from bullish to bearish volume, there is a higher likelihood of a downward price movement in the near term. Investors should consider this a potential sell signal, especially as bearish volume (red bars) increases. Caution is advised for buyers, and it might be prudent for holders to take profits or set stop-loss orders to protect against potential declines.
Indicatore Pine Script®
di abdjo
2