Swing Failure PatternThis script will remind you of a potential swing failure pattern (which is a grab for liquidity to go the other direction). You can't use this script on its own, hence the eyes to look for confluences ;-)
Eyes will appear when the current high/low takes out the high/low of the last (by default) 100 highs/lows and will close below/above that last high/low.
Extra settings:
- ignore the last x amount of bars
- choose a character instead of the eyes
- choose a color for the character
Happy trading! ;-)
Cerca negli script per "liquidity"
False Breakout (Expo)█ Overview
False Breakout (Expo) is an indicator that detects false breakouts in real-time. A false breakout occurs when the price moves through a certain level but doesn't continue to accelerate in that direction. This is because the price does not have enough momentum and the buying interest at this level is not high enough to keep pushing the price in that direction. Instead, the market reverses! All breakout traders are now forced to close their positions at a loss. However, contrarian traders that have identified this false breakout do get a perfect entry for a great reversal trade!
False Breakout is one of the most important price action trading patterns to learn because it can help traders understand whether a breakout is valid or false.
█ How to use
Identify False Breakouts
Identify Reversal trades
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
SPX Fair Value BandsThese are based on Darius Dale and Max Anderson's Net Liquidity model.
This is intended for use with the $SPX chart.
Crypto Map Dashboard v1.0🔰Overview
Charts are an essential part of working with data, as they are a way to condense large amounts of data into an easy to understand format. Visualizations of data can bring out insights to someone looking at the data for the first time, as well as convey findings to others who won’t see the raw data. There are countless chart types out there, each with different use cases. Often, the most difficult part of creating a data visualization is figuring out which chart type is best for the task at hand.
What are the types of metrics, features, or other variables that you plan on plotting? Although it depended on some multiple factors!
But my choices of the chart type for this Crypto datas was Pie chart or Donut char for crypto dominances ,and Colum (Bar) chart for Total MarketCaps .
The audiences that I plan on presenting this for them could be all tradingviewrs , especially crypto lovers ,or those who just aim to have an initial exploration for themselves ,like me!
so this indicator mostly could be an educational indicator script for pine coders !
We can use the " Crypto Map Dashboard " indicator to Get an quick overview of the crypto market and monitor where the smart money Flow changing by comparing the dominances and totals Caps .
In general, it consists of 4 parts:
✅1 =>> Table1 : If you like to see and compare and monitor the changes of dominances of (Bitcoin, Ethereum, Usdt , Usdc , etc.) and their market cap in different times you can see the table on The upper-right corner.
✅2 =>> Table2: Also, in the table lower-right corner, you can see the changes of the totals(Total, Total2 , Total3 and TotalDefi) in the same time periods.
✅3 =>> pie chart or donut chart: By viewing this , you understand better about Table1 Datas, that it depicts exactly how Dominance is distributed and specialized.
✅4 =>> column chart (bar chart) : And in the last you can clearly compare the total marketcaps and see how far they are from their ATHs.
You also can even notice the entry and exit of liquidity from the crypto market!
I must also mention that I am definitely still a beginner compared to more experienced pine coders, and there may be some bugs in my codes and calculations, but I am an open person and I welcome your comments ,Also Let me know if you have any questions.
Lots of Love to all tradingviewers and pineCoder ,Cheers!💚❤️💙
Price action: candlestick trend painter This script paints bars in different colors based on whether they are trending up or down.
It shows you if a candle is bearish or bullish based on the high and low of the previous candle.
Bull candles form higher highs (HH) and higher lows (HL) from the previous candle and are painted green.
Bear candles form lower highs (LH) and lower lows (LL) from the previous candle and are painted red.
Disclaimer
Copyright by Drbondsbody.
The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My scripts/indicators/ideas are only for educational purposes!
TradingView Alerts (Expo)█ Overview
The TradingView inbuilt alert feature inspires this alert tool.
TradingView Alerts (Expo) enables traders to set alerts on any indicator on TradingView, both public, protected, and invite-only scripts (if you are granted access). In this way, traders can set the alerts they want for any indicator they have access to. This feature is highly needed since many indicators on TradingView do not have the particular alert the trader looks for, this alert tool solves that problem and lets everyone create the alert they need. Many predefined conditions are included, such as "crossings," "turning up/down," "entering a channel," and much more.
█ TradingView alerts
TradingView alerts are a popular and convenient way of getting an immediate notification when the asset meets your set alert criteria. It helps traders to stay updated on the assets and timeframe they follow.
█ Alert table
Keep track of the average amount of alerts that have been triggered per day, per month, and per week. It helps traders to understand how frequently they can expect an alert to trigger.
█ Predefined alerts types
Crossing
The Crossing alert is triggered when the source input crosses (up or down) from the selected price or value.
Crossing Down / Crossing Up
The Crossing Down alert is triggered when the source input crosses down from the selected price or value.
The Crossing Up alert is triggered when the source input crosses up from the selected price or value.
Greater Than / Less Than
The Greater Than alert is triggered when the source input reaches the selected value or price.
The Less Than alert is triggered when the source input reaches the selected value or price.
Entering Channel / Exiting Channel
The Entering Channel alert is triggered when the source input enters the selected channel value.
The Exiting Channel alert is triggered when the source input exits the selected channel value.
Notice that this alert only works if you have selected "Channels."
Inside Channel / Outside Channel
The Inside Channel alert is triggered when the source input is within the selected Upper and Lower Channel boundaries.
The Outside Channel alert is triggered when the source input is outside the selected Upper and Lower Channel boundaries.
Notice that this alert only works if you have selected "Channels."
Moving Up / Moving Down
This alert is the same as "crossing up/down" within x-bars.
The Moving Up alert is triggered when the source input increases by a certain value within x-bars.
The Moving Down alert is triggered when the source input decreases by a certain value within x-bars.
Notice that you have to set the Number of Bars parameter!
The calculation starts from the last formed candlestick.
Moving Up % / Moving Down %
The Moving Up % alert is triggered when the source input increases by a certain percentage value within x-bars.
The Moving Down % alert is triggered when the source input decreases by a certain percentage value within x-bars.
Notice that you have to set the Number of Bars parameter!
The calculation starts from the last formed candlestick.
Turning Up / Turning Down
The Turning Up alert is triggered when the source input turns up.
The Turning Down alert is triggered when the source input turns down.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
[EDU] Close Open Estimation Signals (COE Signals)EN:
Close Open Estimation ( aka COE ) is a very simple swing-trading indicator based on even simpler idea. This indicator is from my educational series, which means that I just want to share with another way to look at the market in order to broaden your knowledge .
Idea :
Let's take n previous bars and make a sum a of close - open -values of each bar. Knowledgeable of you may already see the similarity to RSI calculation idea . Now let's plot this sum and see what we have now.
We can see, that whenever COE crosses over 0-level, uptrend begins, and if COE crosses under 0-level, downtrend begins. The speed of such signals can be adjusted by changing lookback period: the lower the lookback, the faster signals you get, but high-quality ones can be obtained only via not-so-fast lookback as when the market is consolidating or volatility is to high, there can be many garbage signals, like 95+% of other indicators have.
Let's explore more and calculate volatility of COE(v_coe in the code): current COE - previous CEO .
Now it appears that when v_coe crosses over 0-level, it's a signal, that this is a new low and soon the uptrend will follow. Analogically for crossing under 0-level .
I guess now you understood what these all are about: COE crossings show global trend signals , while Volatility COE ( v_coe or VCOE ) crossings show reversal points .
For signals I further calculated volatility of VCOE(VVCOE) and then volatility of VVCOE(VVVCOE). Why? Because for me they seem to be more accurate, but you are welcome to experiment and figure best setups for yourself and by yourself, I just share my opinion and experience .
COE can be helpful only in high liquidity markets with good trend or wide sideways .
If you want to experiment with COE, just copy the code and play with it. Curious of you will probably find it helpful eventhough the idea is way too simple.
By it's perfomance COE can probably beat QQE at open price settings.
(use open of the price at indicator to get zero repaint! )
Examples :
If you any questions, feel free to DM me or leave comments.
Good luck and take your profits!
- Fyodor Tarasenko
RU:
Close Open Estimation ( aka COE ) — это очень простой индикатор свинг-трейдинга, основанный на еще более простой идее. Этот индикатор из моей образовательной серии, а это значит, что я просто хочу поделиться с другим взглядом на рынок , чтобы расширить ваши знания .
Идея :
Возьмем n предыдущих баров и составим сумму a из close - open -значений каждого бара. Знающие люди могут уже заметить сходство с идеей расчета RSI . Теперь давайте построим эту сумму и посмотрим, что у нас сейчас есть.
Мы видим, что всякий раз, когда COE пересекает выше 0-уровня, начинается восходящий тренд , а если COE пересекает ниже 0-уровня, начинается нисходящий тренд. Скорость таких сигналов можно регулировать изменением ретроспективы: чем меньше ретроспектива, тем быстрее вы получаете сигналы, но качественные можно получить только через не- такой быстрый взгляд назад, как когда рынок консолидируется или волатильность слишком высока, может быть много мусорных сигналов, как у 95+% других индикаторов.
Давайте рассмотрим больше и рассчитаем волатильность COE(v_coe в коде): текущий COE - предыдущий CEO .
Теперь кажется, что когда v_coe пересекает уровень 0, это сигнал о том, что это новый минимум и вскоре последует восходящий тренд . Аналогично для пересечения под 0-уровнем .
Думаю, теперь вы поняли, о чем все это: COE пересечения показывают глобальные сигналы тренда , а пересечения Volatility COE ( v_coe или VCOE ) показывают точки разворота .
Для сигналов я дополнительно рассчитал волатильность VCOE(VVCOE), а затем волатильность VVCOE(VVVCOE). Почему? Потому что для меня они кажутся более точными, но вы можете поэкспериментировать и подобрать оптимальные настройки для себя и для себя, я просто делюсь своим мнением и опытом .
COE может быть полезен только на рынках с высокой ликвидностью и хорошим трендом или широким боковиком .
Если вы хотите поэкспериментировать с COE, просто скопируйте код и поэкспериментируйте с ним. Любознательные из вас, вероятно, сочтут это полезным, хотя идея слишком проста.
По своей результативности СОЕ может составить конкуренцию широко известному QQE, используя open цены.
(используйте open цены на индикаторе, чтобы получить нулевую перерисовку! )
Примеры :
Если у вас есть вопросы, пишите мне в личные сообщения или оставляйте комментарии.
Удачи и профита всем!
- Федор Тарасенко
lower_tf█ OVERVIEW
This library is a Pine programmer’s tool containing functions to help those who use the request.security_lower_tf() function. Its `ltf()` function helps translate user inputs into a lower timeframe string usable with request.security_lower_tf() . Another function, `ltfStats()`, accumulates statistics on processed chart bars and intrabars.
█ CONCEPTS
Chart bars
Chart bars , as referred to in our publications, are bars that occur at the current chart timeframe, as opposed to those that occur at a timeframe that is higher or lower than that of the chart view.
Intrabars
Intrabars are chart bars at a lower timeframe than the chart's. Each 1H chart bar of a 24x7 market will, for example, usually contain 60 intrabars at the LTF of 1min, provided there was market activity during each minute of the hour. Mining information from intrabars can be useful in that it offers traders visibility on the activity inside a chart bar.
Lower timeframes (LTFs)
A lower timeframe is a timeframe that is smaller than the chart's timeframe. This framework exemplifies how authors can determine which LTF to use by examining the chart's timeframe. The LTF determines how many intrabars are examined for each chart bar; the lower the timeframe, the more intrabars are analyzed.
Intrabar precision
The precision of calculations increases with the number of intrabars analyzed for each chart bar. As there is a 100K limit to the number of intrabars that can be analyzed by a script, a trade-off occurs between the number of intrabars analyzed per chart bar and the chart bars for which calculations are possible.
█ `ltf()`
This function returns a timeframe string usable with request.security_lower_tf() . It calculates the returned timeframe by taking into account a user selection between eight different calculation modes and the chart's timeframe. You send it the user's selection, along with the text corresponding to the eight choices from which the user has chosen, and the function returns a corresponding LTF string.
Because the function processes strings and doesn't require recalculation on each bar, using var to declare the variable to which its result is assigned will execute the function only once on bar zero and speed up your script:
var string ltfString = ltf(ltfModeInput, LTF1, LTF2, LTF3, LTF4, LTF5, LTF6, LTF7, LTF8)
The eight choices users can select from are of two types: the first four allow a selection from the desired amount of chart bars to be covered, the last four are choices of a fixed number of intrabars to be analyzed per chart bar. Our example code shows how to structure your input call and then make the call to `ltf()`. By changing the text associated with the `LTF1` to `LTF8` constants, you can tailor it to your preferences while preserving the functionality of `ltf()` because you will be sending those string constants as the function's arguments so it can determine the user's selection. The association between each `LTFx` constant and its calculation mode is fixed, so the order of the arguments is important when you call `ltf()`.
These are the first four modes and the `LTFx` constants corresponding to each:
Covering most chart bars (least precise) — LTF1
Covers all chart bars. This is accomplished by dividing the current timeframe in seconds by 4 and converting that number back to a string in timeframe.period format using secondsToTfString() . Due to the fact that, on premium subscriptions, the typical historical bar count is between 20-25k bars, dividing the timeframe by 4 ensures the highest level of intrabar precision possible while achieving complete coverage for the entire dataset with the maximum allowed 100K intrabars.
Covering some chart bars (less precise) — LTF2
Covering less chart bars (more precise) — LTF3
These levels offer a stepped LTF in relation to the chart timeframe with slightly more, or slightly less precision. The stepped lower timeframe tiers are calculated from the chart timeframe as follows:
Chart Timeframe Lower Timeframe
Less Precise More Precise
< 1hr 1min 1min
< 1D 15min 1min
< 1W 2hr 30min
> 1W 1D 60min
Covering the least chart bars (most precise) — LTF4
Analyzes the maximum quantity of intrabars possible by using the 1min LTF, which also allows the least amount of chart bars to be covered.
The last four modes allow the user to specify a fixed number of intrabars to analyze per chart bar. Users can choose from 12, 24, 50 or 100 intrabars, respectively corresponding to the `LTF5`, `LTF6`, `LTF7` and `LTF8` constants. The value is a target; the function will do its best to come up with a LTF producing the required number of intrabars. Because of considerations such as the length of a ticker's session, rounding of the LTF to the closest allowable timeframe, or the lowest allowable timeframe of 1min intrabars, it is often impossible for the function to find a LTF producing the exact number of intrabars. Requesting 100 intrabars on a 60min chart, for example, can only produce 60 1min intrabars. Higher chart timeframes, tickers with high liquidity or 24x7 markets will produce optimal results.
█ `ltfStats()`
`ltfStats()` returns statistics that will be useful to programmers using intrabar inspection. By analyzing the arrays returned by request.security_lower_tf() in can determine:
• intrabarsInChartBar : The number of intrabars analyzed for each chart bar.
• chartBarsCovered : The number of chart bars where intrabar information is available.
• avgIntrabars : The average number of intrabars analyzed per chart bar. Events like holidays, market activity, or reduced hours sessions can cause the number of intrabars to vary, bar to bar.
The function must be called on each bar to produce reliable results.
█ DEMONSTRATION CODE
Our example code shows how to provide users with an input from which they can select a LTF calculation mode. If you use this library's functions, feel free to reuse our input setup code, including the tooltip providing users with explanations on how it works for them.
We make a simple call to request.security_lower_tf() to fetch the close values of intrabars, but we do not use those values. We simply send the returned array to `ltfStats()` and then plot in the indicator's pane the number of intrabars examined on each bar and its average. We also display an information box showing the user's selection of the LTF calculation mode, the resulting LTF calculated by `ltf()` and some statistics.
█ NOTES
• As in several of our recent publications, this script uses secondsToTfString() to produce a timeframe string in timeframe.period format from a timeframe expressed in seconds.
• The script utilizes display.data_window and display.status_line to restrict the display of certain plots.
These new built-ins allow coders to fine-tune where a script’s plot values are displayed.
• We implement a new recommended best practice for tables which works faster and reduces memory consumption.
Using this new method, tables are declared only once with var , as usual. Then, on bar zero only, we use table.cell() calls to populate the table.
Finally, table.set_*() functions are used to update attributes of table cells on the last bar of the dataset.
This greatly reduces the resources required to render tables. We encourage all Pine Script™ programmers to do the same.
Look first. Then leap.
█ FUNCTIONS
The library contains the following functions:
ltf(userSelection, choice1, choice2, choice3, choice4, choice5, choice6, choice7, choice8)
Selects a LTF from the chart's TF, depending on the `userSelection` input string.
Parameters:
userSelection : (simple string) User-selected input string which must be one of the `choicex` arguments.
choice1 : (simple string) Input selection corresponding to "Least precise, covering most chart bars".
choice2 : (simple string) Input selection corresponding to "Less precise, covering some chart bars".
choice3 : (simple string) Input selection corresponding to "More precise, covering less chart bars".
choice4 : (simple string) Input selection corresponding to "Most precise, 1min intrabars".
choice5 : (simple string) Input selection corresponding to "~12 intrabars per chart bar".
choice6 : (simple string) Input selection corresponding to "~24 intrabars per chart bar".
choice7 : (simple string) Input selection corresponding to "~50 intrabars per chart bar".
choice8 : (simple string) Input selection corresponding to "~100 intrabars per chart bar".
Returns: (simple string) A timeframe string to be used with `request.security_lower_tf()`.
ltfStats()
Returns statistics about analyzed intrabars and chart bars covered by calls to `request.security_lower_tf()`.
Parameters:
intrabarValues : (float [ ]) The ID of a float array containing values fetched by a call to `request.security_lower_tf()`.
Returns: A 3-element tuple: [ (series int) intrabarsInChartBar, (series int) chartBarsCovered, (series float) avgIntrabars ].
Stopping Volume Finder (Reversals)This indicator is used to identify possible reversals
(1) Green arrow means a possible bullish reversal
(2) Red arrow means a possible bearish reversal
(3) Green and Red arrows means it cleared liquidity from both sides and is likely to go to the nearest area of interest
-It finds high volume candles that likely cleared out stop losses which usually results in a reversal
-This indicator works best on the 5M and 15M during London and NY sessions
-Use it along with other indicators for example Cipher B Divergance
-Use support and resistance to find TP levels, such as previous lows/highs and 20, 50 and 200 emas
-SL goes above or below wick depending if its a buy or sell
KT HMAOverview :
This indicator is an experiment to combine one of the volatility concepts (ATR), weighted MA and price movements to help visualize current market condition.
Red Band : ATR volatility bands with 2nd and 3rd standard deviation.
Yellow Band : Moving Average band
HMA : Green/Red >> Shows current trend. Using HMA to emphasize on recent price points rather than older one.
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Disclaimer
My Scripts/Indicators/Ideas/Systems including above ones are only for educational purposes. The information contained in the Scripts/Indicators/Ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Do not trade with capital that you can not afford to lose. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Breakout Probability (Expo)█ Overview
Breakout Probability is a valuable indicator that calculates the probability of a new high or low and displays it as a level with its percentage. The probability of a new high and low is backtested, and the results are shown in a table— a simple way to understand the next candle's likelihood of a new high or low. In addition, the indicator displays an additional four levels above and under the candle with the probability of hitting these levels.
The indicator helps traders to understand the likelihood of the next candle's direction, which can be used to set your trading bias.
█ Calculations
The algorithm calculates all the green and red candles separately depending on whether the previous candle was red or green and assigns scores if one or more lines were reached. The algorithm then calculates how many candles reached those levels in history and displays it as a percentage value on each line.
█ Example
In this example, the previous candlestick was green; we can see that a new high has been hit 72.82% of the time and the low only 28.29%. In this case, a new high was made.
█ Settings
Percentage Step
The space between the levels can be adjusted with a percentage step. 1% means that each level is located 1% above/under the previous one.
Disable 0.00% values
If a level got a 0% likelihood of being hit, the level is not displayed as default. Enable the option if you want to see all levels regardless of their values.
Number of Lines
Set the number of levels you want to display.
Show Statistic Panel
Enable this option if you want to display the backtest statistics for that a new high or low is made. (Only if the first levels have been reached or not)
█ Any Alert function call
An alert is sent on candle open, and you can select what should be included in the alert. You can enable the following options:
Ticker ID
Bias
Probability percentage
The first level high and low price
█ How to use
This indicator is a perfect tool for anyone that wants to understand the probability of a breakout and the likelihood that set levels are hit.
The indicator can be used for setting a stop loss based on where the price is most likely not to reach.
The indicator can help traders to set their bias based on probability. For example, look at the daily or a higher timeframe to get your trading bias, then go to a lower timeframe and look for setups in that direction.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Support and Resistance Multiperiod (Zig Zag Based)Support and Resistance Multiperiod (Zig Zag Based)
What is the indicator?
• The indicator is a multi period (up to 5 lengths) Support and Resistance indicator calculated based on Zig Zag.
Who can use?
Scalpers to Long term investors
What timeframe to use?
• Any timeframe
What are the lines?
• Green lines are Support levels.
• Orange lines are Resistance levels.
How to use?
• Buy Low and Sell High.
• Brighter zones means strong Support or Resistance.
• Weaker zones appear lighter.
• Brighter zones are formed by overlapping of lines from multiple levels of support or resistance.
Indicator Menu
• The indicator can input 5 different Lengths.
• The default settings uses 13, 21, 52, 100 & 200.
• Every option are customizable.
Vix FIX / Stochastic Weights StrategyThis script is based off of Chris Moody's Vix Fix Indicator modified by OskarGallard and BigBitsIO's Stochastic Weights.
This script is a compilation of several different stochastic indicators (and RSI ) where the K value of each indicator is equally weighted. The purpose of the indicator is to combine many indicators together in a fashion that weights them easier. By default, the Stochastic and Stochastic RSI are both enabled - the idea is to speed up the relatively slower Stochastic and to slow down the relatively fast Stochastic RSI . BigBitsIO's Stochastics are also available that can also be added to the weighted calculation. Only the K value is weighted, as the D value is just a moving average of the weighted K.
- Why is this modifed stochastic useful?
- To weight multiple indicators together so that you can attempt to find optimal values shared amongst the indicators. Ex: If Stochastic RSI is 100 and Stochastic is 50, K would be 75 and not particularly high. If you add in a 50 RSI , the K would be 67 in this example. If we weight indicators together that all have a high value they could potentially help find elements that align together to produce a stronger signal.
In this script we have the red "S" triangles which are Exits (overbought stochastic crosses).
Added alerts for stochastic exit signals. Alerts are Pre-Set to only Alert on Bar Close.
The "Williams Vix Fix" is one of the most reliable indicators in history for finding market bottoms. The Vix Fix is simply a code from Larry Williams creating almost identical results for creating the same ability the Vix has to all assets.
The VIX has always been much better at signaling bottoms than tops. Simple reason is when market falls retail traders panic and increase volatility , and professionals come in and capitalize on the situation. At market tops there is no one panicking... just liquidity drying up.
The FE green triangles are "Filtered Entries".
The AE green triangles are "Aggressive Filtered Entries".
Added Alerts to Williams Vix Fix (Aggressive Entry and Filtered Entry). Alerts are Pre-Set to only Alert on Bar Close.
Added "Ehlrers StochCCI" indicator of user @glaz
The Ehlrers StochCCI is a variation of Ehlers Stochastic RSI replaced with CCI.
The John Ehlers' article in August, 2006, "Modeling The Market = Building Trading Strategies," describes a process for extracting trend and cyclic elements from market data, then recombining them for trading purposes. He used the Stochastic RSI denoted the cyclic elements.
Added ability to show Dots when StochCCI Crosses.
Sell: fuchsia dots.
Buy: green dots.
Added alerts for (Buy / Sell) StochCCI. Alerts are Pre-Set to only Alert on Bar Close.
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 including all types of crypto. DYOR, TYOB.
Cryptogrithm's Secret Momentum and Volatility IndicatorThis indicator is hard-coded for Bitcoin, but you may try it on other asset classes/coins. I have not updated this indicator in over 3 years, but it seems to still work very well for Bitcoin.
This indicator is NOT for beginners and is directed towards intermediate/advanced traders with a sensibility to agree/disagree with what this indicator is signalling (common sense).
This indicator was developed back in 2018 and I has not been maintained since, which is the reason why I am releasing it. (It still works great though! At the time of this writing of May 2022).
How to use:
Terms:
PA (Price Action): Literally the candlestick formations on your chart (and the trend formation). If you don't know how to read and understand price action, I will make a fast-track video/guide on this later (but in the meanwhile, you need to begin by learning Order-Flow Analysis, please google it first before asking).
CG Level (Cryptogrithm Level/Yellow Line): PA level above = bullish, PA level below = bearish
CG Bands (Cryptogrithm Bands): This is similar to how bollingers work, you can use this the same was as bollinger bands. The only difference is that the CG bands are more strict with the upper and lower levels as it uses different calculations to hug the price tighter allowing it to be more reactive to drastic price changes (earlier signals for oversold/overbought).
CG Upper Band (Red Upper Line): Above this upper bound line means overbought.
CG Middle Band (Light Blue Line): If PA trades above this line, the current PA trend is bullish continuing in the uptrend. If PA trades below this line, the current PA trend is bearish continuing in the downtrend. This band should only be used for short-term trends.
CG Lower Band (Green Lower Line): Below this lower bound line means oversold.
What the CG Level (yellow line) tells you:
PA is trading above CG Level = Bullish
PA is trading below CG Level = Bearish
Distance between CG Level and price = Momentum
What this means is that the further away the price is from the CG Level, the greater the momentum of the current PA trend. An increasing gap between the CG Level and PA indicates the price's strength (momentum) towards the current upward/downward trend. Basically when the PA and CG Level diverge, it means that the momentum is increasing in the current trend and when they converge, the current trend is losing momentum and the direction of the PA trend may flip towards the other direction (momentum flip).
PA+CG Level Momentum:
To use the CG Level as a momentum indicator, you need to pay attention to how the price and the CG level are moving away/closer from each other:
PA + CG Level Diverges = Momentum Increasing
PA + CG Level Converges = Momentum Decreasing
Examples (kind of common sense, but just for clarity):
Case 1: Bullish Divergence (Bullish): The PA is ABOVE and trending AWAY above from the CG Level = very bullish, this means that momentum is increasing towards the upside and larger moves will come (increasing gap between the price and CG Level)
Case 2: Bearish Convergence (Bearish): - The PA is ABOVE the CG Level and trending TOWARDS the CG Level = bearish, there is a possibility that the upward trend is ending. Look to start closing off long positions until case 1 (divergence) occurs again.
Case 3: Neutral - The PA is trading on the CG Level (no clear divergence or convergence between the PA and CG Level) = Indicates a back and forth (tug of war) between bears and bulls. Beware of choppy price patterns as the trend is undecisive until either supply/liquidity is dried out and a winner between bull/bear is chosen. This is a no trade zone, but do as you wish.
Case 4: Bearish Divergence (Bearish): The PA is BELOW and trending AWAY BELOW from the CG Level = very bearish, this means that momentum is increasing towards the downside and larger downward moves will come (increasing gap between the price and CG Level).
Case 5: Bullish Convergence (Bullish): - The PA is BELOW the CG Level and trending TOWARDS the CG Level = bullish, there is a possibility that the downward trend is ending and a trend flip is occuring. Look to start closing off short positions until case 4 (divergence) occurs again.
CG Bands + CG Level: You can use the CG bands instead of the PA candles to get a cleaner interpretation of reading the momentum. I won't go into detail as this is pretty self-explanatory. It is the same explanation as PA+CG Level Momentum, but you are replacing the PA candles with the CG Bands for interpretation. So instead of the PA converging/diverging from the CG Level, the Upper and Lower Bound levels are converging/diverging from the CG level instead.
Convergence: CG Level (yellow line) trades inside the CG bands
Divergence: CG Level (yellow line) trades outside the CG bands
Bullish/Bearish depends on whether the CG Band is trading below or above the CG level. If CG Band is above the CG Level, this is bullish. If CG Band is below the CG level, this is bearish.
Crosses (PA or CG Band crosses with CG level): This typically indicates volatility is incoming.
There are MANY MANY MANY other ways to use this indicator that is not explained here and even other undiscovered methods. Use some common sense as to how this indicator works (it is a momentum indicator and volatility predictor). You can get pretty creative and apply your own methods / knowledge to it and look for patterns that occur. Feel free to comment and share what you came up with!
Swing High/Low Indicator w/ MACD and HTF EMA'sSwing High/Low Indicator w/ MACD and EMA Confirmations by KaizenTraderB
I designed this indicator to be used with a market structure break strategy.
It labels swing highs and lows that are confirmed by the MACD.
It also displays a higher timeframe Fast and Slow EMA to determine directional bias.
Also provides alerts that signal Swing Low breaks in downtrends and Swing High Breaks in uptrends.
It draws a horizontal line on the last Swing High and Low.
Display this indicator on your entry timeframe and choose your Higher Timeframe in settings.
You can also change lookback period for Swing Highs and Lows and EMA's.
When I use this I am looking for the Swing High/Low break in direction of HTF Trend
Then look for pullback between price level of break and areas of liquidity (wicks, order blocks, price congestion) for entry in direction of EMA trend.
ENVELOPE RSI - Buy Sell SignalsThis indicator is mainly based on Overbought and Oversold . Indicator for short-term trading. This way you can get small but acceptable signals.
The main basis of the indicator is as follows:
To buy, the indicator is waiting for the instrument to be oversold from the RSI point of view. Then, if the chart crosses the bottom line of the Envelope indicator from the bottom to the top, a buy signal is issued.
For sell, the indicator waits for the instrument to be overbought from the RSI perspective. Then, if the chart crosses the top line of the Envelope indicator from top to bottom, a sell signal is issued.
The general basis is the consonance of the price and the RSI indicator .
The best settings I came up with myself:
Time frame: 15 minutes
Overbought: 80
Oversell: 25
RSI Length: 8
It can be done on different instruments. But always set your profit and loss limits.
(Profit to loss ratio in this indicator can be 1: 1.)
Disclaimer : This information and trading indicators and tools provided neither is, nor should be construed, as an offer, or a solicitation of an offer, to buy or sell securities. You shall be fully responsible for any investment decision you make, and such decisions will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
I am not liable for any profit, financial improvement, losses or damages, monetary or other that may result from the application of information contained within this indicator. Individual traders must use their own due diligence in analyzing featured trading indicators, other trading tools, webinars and other educational materials to determine if they represent suitable and useable features and capabilities for the individual trader.
Session TPO Market ProfileIntroduction
Wikipedia: A Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), ca 1959-1985. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices. In this structure he recognized the 'normal', Gaussian distribution he had been introduced to in college statistics.
Important : The market profile tool is designed to be used on the 30min timeframe, however, you can modify its parameters and use it on lower timeframes (15/10/5min)
This indicators displays the following information
Session open
TPO
Value area calculation zone
POC
Highlight of Single prints
Session High/Low
The current price (TPO Profile is often used isolated without any candlesticks on it)
Parameters
Session beginning configuration (not coded with a session input yet)
Number of candles to use for calculation (default 13 for a single session)
Extend yesterday's levels (VAH/VAL/POC)
Show/Hide Market profile calculation area (background color)
Bars number (number of rows that will be used to draw the profile)
Show/Hide TPO's
TPO Colors customization (For in/out of VA, VAL/VAH/POC/High/Low levels and single prints)
Show/Hide High/Low levels
Show/Hide VAL/VAH/POC Levels as lines
Enable/Disable Single prints highlighting
Value area size (as percent)
Show/Hide current price (corresponding to a line scaled on the "close" price)
Additional Notes
Each session is drawn when the day is over
To use as much space as possible, TPO's are not directly drawn on the area of their calculation (which can be confusing if you use candlesticks directly over it)
This script will probably be updated in the future (especially concerning its implementation which is a bit spaghetti coded for now) .
If you have interesting suggestions about new features that are usual within market profile tools and missing from this script , don't hesitate to suggest it.
FVG Screener (Nephew_Sam_)// This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org
// © nephew_sam_
FVG's are a skip in liquidity, zones where prices move quickly away from, which causes orders to not be fully filled in there. Think of it as weekend gaps, but during trading hours.
This indicator plots a table which looks for when price enters a MTF Fair Value Gap.
Note : The indicator will work fine when finding fvgs that are on a higher timeframe than your chart but if it is trying to find them on a lower timeframe it might cause repainting.
Eg. your chart is on the 1hr and its finding fvg's on the 5 min
Note: When you are on a timeframe much different from the indicator timeframe, the computation will be quite slow.
Eg. your chart is on the 5 min and the indicator is trying to find fvg's on the daily or weekly timeframe.
To fix this issue, only input timeframes that are close to your chart timeframe.
I split my chart into two, the left side indicator only has HTF (1hr, 4hr, D) and the right side indicator is LTF (5m, 15m, 30m)
The code is open source for anyone who can make this more effecient.
Super OrderBlock / FVG / BoS Tools by makuchaku & eFeThis super indicator is a Swiss army knife for Smart Money traders for OrderBlocks / FVG / BoS
It provides many options for drawing (non-repainting) boxes for OrderBlocks, Fair Value Gaps (FVG) and Break of Structures. The boxes are extended into the future, until the first retest/mitigation.
Some of the additional options (not explained in the diagrams above)
PPDD OB : An order block which is formed after interacting with Liquidity (old low/high, fractal low/high, etc). Since these OB's are in the most premium or most discount, they are Premium Premium Discount Discount OB's (PPDD OB)
HVB Bars : When the volume of any bar is higher than the average volume of last N bars, it could mean something important (in the right context). Hence, the indicator allows for coloring them differently.
This indicator was built as a collaboration between @makuchaku & eFe
Pro tip : This indicator is a simply a tool to visualize trading concepts on the candle stick chart. It is the job of the trader to sequence these effectively into a profitable trade.
If you come across any bug or have a question on how to effectively use the indicator, please don't hesitate to ask questions.
Good luck & good trading!
Position Size Calc. (Risk Management Tool)Programmed this tool to help prevent overtrading.
Example of application:
Suppose you want to trade ETHUSDT on a 1 minute chart and you are only willing to risk $10 in one single trade. This way, if you get stopped out, then you will only lose $10. Say you are using ATR based stop loss at 2x current ATR to set the initial stop. All these variables are now fixed, so you must make an adjustment to the size of your position.
Quick illustration: Tolerable loss per trade is $10 , the current ATR of ETHUSDT is $4.06, the size of your stop is $8.12 (4.06*2), then your position size should be 1.2 ETH ($10/$8.12).
This script will constantly monitor the current ATR and display the optimal position size on chart. Tolerable loss (aka "Risk amount") is defined by user in settings. Lines showing the size of SL and TPs on chart are optional, it was added to the script to help users draw the long/short position measuring tools built into TradingView.
Other notes: Always consider market liquidity, size of bid-ask spreads, and the possibilities of gap ups/downs. It can never be guaranteed that stop market/limit orders will get filled at desirable prices. Actual stop losses might differ.
Average Down [Zeiierman]AVERAGING DOWN
Averaging down is an investment strategy that involves buying additional contracts of an asset when the price drops. This way, the investor increases the size of their position at discounted prices. The averaging down strategy is highly debated among traders and investors because it can either lead to huge losses or great returns. Nevertheless, averaging down is often used and favored by long-term investors and contrarian traders. With careful/proper risk management, averaging down can cover losses and magnify the returns when the asset rebounds. However, the main concern for a trader is that it can be hard to identify the difference between a pullback or the start of a new trend.
HOW DOES IT WORK
Averaging down is a method to lower the average price at which the investor buys an asset. A lower average price can help investors come back to break even quicker and, if the price continues to rise, get an even bigger upside and thus increase the total profit from the trade. For example, We buy 100 shares at $60 per share, a total investment of $6000, and then the asset drops to $40 per share; in order to come back to break even, the price has to go up 50%. (($60/$40) - 1)*100 = 50%.
The power of Averaging down comes into play if the investor buys additional shares at a lower price, like another 100 shares at $40 per share; the total investment is ($6000+$4000 = $10000). The average price for the investment is now $50. (($60 x 100) + ($40 x 100))/200; in order to get back to break even, the price has to rise 25% ($50/$40)-1)*100 = 25%, and if the price continues up to $60 per share, the investor can secure a profit at 16%. So by averaging down, investors and traders can cover the losses easier and potentially have more profit to secure at the end.
THE AVERAGE DOWN TRADINGVIEW TOOL
This script/indicator/trading tool helps traders and investors to get the average price of their position. The tool works for Long and Short and displays the entry price, average price, and the PnL in points.
HOW TO USE
Use the tool to calculate the average price of your long or short position in any market and timeframe.
Get the current PnL for the investment and keep track of your entry prices.
APPLY TO CHART
When you apply the tool on the chart, you have to select five entry points, and within the setting panel, you can choose how many of these five entry points are active and how many contracts each entry has. Then, the tool will display your average price based on the entries and the number of contracts used at each price level.
LONG
Set your entries and the number of contracts at each price level. The indicator will then display all your long entries and at what price you will break even. The entry line changes color based on if the entry is in profit or loss.
SHORT
Set your entries and the number of contracts at each price level. The indicator will then display all your short entries and at what price you will break even. The entry line changes color based on if the entry is in profit or loss.
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Disclaimer
Copyright by Zeiierman.
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Federal Funds Rate and Overnight Bank Fund RateAMEX:SPY
Comparison of the Overnight Bank Fund Rate and the Effective Federal Funds Rate.
The Fed sets a discount rate of 100 basis points above the effective federal funds rate to discourage ("penalize") banks from borrowing from its reserves. If lending banks have excess in their reserves, the borrowing banks have ease in negotiating a lower rate overnight to maintain its requirements. For this reason its a good indicator of the economy. If it becomes more difficult for banks to maintain the required reserve amount they may charge borrowing banks higher rates.
Both the Effective Federal Funds Rate and Overnight Bank Fund Rate use the same data. Except, the OBFR includes overnight Eurodollar transaction data and certain overnight “selected deposit” transactions that are placed at domestic bank branches controlled by a U.S. banking office.
The indicator includes the lower and upper bound target rate set by the Federal Reserve.
An interesting note:
Notice the jump in the Overnight Bank Rate followed by Fed buying to provide liquidity and lower rates in Sept 2019.
