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Indiq 2.0The functionality of the indicator includes the following features: Moving Averages (MA): The ability to adjust periods for short (short_ma_length) and long (long_ma_length) moving averages. Display of moving averages on the chart: Short MA (blue line). Long MA (red line). Generation of buy and sell signals: Buy (BUY): When the short MA crosses the long MA from below. Sell (SELL): When the short MA crosses the long MA from above. Visualization of signals on the chart: Buy is displayed as a green BUY marker below the candle. Sell is displayed as a red SELL marker above the candle. Liquidity Heatmap: Liquidity levels: Levels are calculated based on the closing price and a step (liquidity_step). Levels are grouped by the nearest price values. Volumes at levels: Volume (volume) is accumulated for each liquidity level. Levels with a volume less than min_volume_filter are not displayed. Time filtering: Levels that have not been updated within the last time_filter bars are not displayed. Volatility filtering: Levels are filtered by volatility (ATR) to exclude those outside the volatility range. Color gradient: The color of levels depends on volume (gradient from gradient_start_color to gradient_end_color). Visualization: Liquidity levels are displayed as horizontal lines. Volumes at levels are shown as text labels. RSI Filtering: The ability to enable/disable RSI filtering (rsi_filter). Liquidity levels are filtered based on overbought (rsi_overbought) and oversold (rsi_oversold) conditions. Levels that do not meet RSI conditions are not displayed. MACD Filtering: The ability to enable/disable MACD filtering (macd_filter). Liquidity levels are filtered based on the MACD histogram condition (e.g., only if the histogram is above zero). Levels that do not meet MACD conditions are not displayed. Display of Market Maker Buys: Condition for market maker buys: Volume exceeds the average volume over the last 20 bars by 2 times. Closing price is above the opening price. Market maker buys are displayed on the chart as orange MM Buy markers below the candle. Indicator Settings: Moving average parameters: short_ma_length: Period for the short MA. long_ma_length: Period for the long MA. Liquidity heatmap parameters: liquidity_step: Step between liquidity levels. max_levels: Maximum number of levels to display. time_filter: Time filter (last N bars). min_volume_filter: Minimum volume for displaying a level. volatility_filter: Volatility filter (ATR multiplier). RSI parameters: rsi_filter: Enable/disable RSI filtering. rsi_overbought: Overbought RSI level. rsi_oversold: Oversold RSI level. MACD parameters: macd_filter: Enable/disable MACD filtering. Color settings: gradient_start_color: Starting color of the gradient. gradient_end_color: Ending color of the gradient. Visualization: Moving averages: Short MA: Blue line. Long MA: Red line. Signals: Buy: Green BUY marker. Sell: Red SELL marker. Liquidity heatmap: Liquidity levels: Horizontal lines with a color gradient. Volumes: Text labels at levels. Market maker buys: Orange MM Buy markers. Alerts: The ability to set alerts for signals: Buy (BUY). Sell (SELL). Additional Features: Flexible filter settings: Filtering by time, volume, volatility, RSI, and MACD. Extensibility: The ability to add new filters (e.g., Stochastic, Volume Profile, etc.). Visual customization: Adjustment of colors, sizes, and display styles. Summary: The indicator provides a comprehensive tool for analyzing liquidity, generating trading signals, and tracking market maker activity. It combines: A liquidity heatmap. Signals based on moving averages. Filtering by RSI and MACD. Display of market maker buys. Flexible settings and visualization. This indicator is suitable for traders who want to analyze liquidity levels, identify entry and exit points, and monitor the actions of large market players.
Indicatore Pine Script™
di Alpina080
Footprint Chart by Th16rryDescription of the "Footprint Chart" Indicator This indicator is an approximation of a true **Footprint Chart** adapted for TradingView, which does not provide access to tick-by-tick data or detailed order book information. It relies on **heuristics** to estimate the distribution of volume between buyers and sellers for each candlestick. Key Features: - Estimation of Buy/Sell Volume: The indicator splits the total volume of a candlestick into two parts based on the candle's nature: - For a bullish candle (close > open), it assumes that **60% of the volume** is executed on the ask (buys) and **40% on the bid** (sells). - For a bearish candle (close < open), the estimation is reversed (40% buys, 60% sells). - For a neutral candle (close = open), the volume is evenly distributed at 50% for each side. - Calculation of a Simplified Delta: The delta is defined as the difference between the estimated buy volume and sell volume. This delta helps quickly identify the dominant market pressure—positive for buyer dominance and negative for seller dominance. - Visual Display: - A label is placed on each candlestick displaying the delta value, with a green background for a positive delta (indicating buying pressure) and red for a negative delta (indicating selling pressure). - A table in the top-right corner of the chart summarizes the estimated volumes for the current candle: buy volume, sell volume, and total volume. #### How to Use the Indicator: - Analyzing Buy/Sell Pressure: By observing the label's color and the delta value, a trader can quickly assess whether the market shows a dominant buying or selling pressure during a given candle. - Complementing Other Tools: This indicator can be used alongside other technical analysis tools, such as the Volume Profile or trend indicators, to gain a more comprehensive understanding of market behavior. - Supporting Decision Making: By providing a visual estimate of the volume distribution, it can help identify divergences between price movement and volume activity, which may signal potential reversals or confirm ongoing trends. Limitations: - Heuristic Approximation: The method of volume distribution is based on simple assumptions and does not reflect the actual order flow, which would require tick-by-tick data to be accurately represented. - Data Limitations on TradingView: Due to TradingView’s restrictions on accessing detailed order book data, this indicator can only approximate a Footprint Chart and does not replace specialized tools. In summary, the "Footprint Chart" indicator provides a visual and quick estimation of the volume distribution between buyers and sellers for each candlestick, offering valuable insights into order flow dynamics while remaining aware of its heuristic limitations.
Indicatore Pine Script™
di Th16rry
Footprint IQ Pro [TradingIQ]Hello Traders! Introducing "Footprint IQ Pro"! Footprint IQ Pro is an all-in-one Footprint indicator with several unique features. Features Calculated delta at tick level Calculated delta ratio at tick level Calculated buy volume at tick level Calculated sell volume at tick level Imbalance detection Stacked imbalance detection Stacked imbalance alerts Value area and POC detection Highest +net delta levels detection Lowest -net delta levels detection CVD by tick levels Customizable values area percentage The image above thoroughly outlines what each metric in the delta boxes shows! Metrics In Delta Boxes "δ:", "\nδ%:", "\n⧎: ", "\n◭: ", "\n⧩: " δ Delta (Difference between buy and sell volume) δ% Delta Ratio (Delta as a percentage of total volume) ⧎ Total Volume At Level (Total volume at the price area) ◭ Total Buy Volume At Level (Total buy volume at the price area) ⧩ Total Sell Volume At Level (total sell volume at the price area) Each metric comes with a corresponding symbol. That said, until you become comfortable with the symbol, you can also turn on the descriptive labels setting! The image above exemplifies the feature. The image above shows Footprint IQ's full power! Additionally, traders with an upgraded TradingView plan can make use of the "1-Second" feature Footprint IQ offers! The image above shows each footprint generated using 1-second volume data. 1-second data is highly granular compared to 1-minute data and, consequently, each footprint is exceptionally more accurate! Imbalance Detection Footprint IQ pro is capable of detecting user-defined delta imbalances. The image above further explains how Footprint IQ detects imbalances! The imbalance percentage is customizable in the settings, and is set to 70% by default. Therefore, When net delta is positive, and the positive net delta constitutes >=70% of the total volume, a buying imbalance will be detected (upwards triangle). When net delta is negative, and the negative net delta constitutes >=70% of the total volume, a buying imbalance will be detected (downwards triangle). Stacked Imbalance Detection In addition to imbalance detection, Footprint IQ Pro can also detect stacked imbalances! The image above shows Footprint IQ Pro detecting stacked imbalances! Stacked imbalances occur when consecutive imbalances at sequential price areas occur. Stacked imbalances are generally interpreted as significant price moves that are supported by volume, rather than a significant result with disproportionate effort. The criteria for stacked imbalance detection (how many imbalances must occur at sequential price areas) is customizable in the settings. The default value is three. Therefore, when three imbalances occur at sequential price areas, golden triangles will begin to print to show a stacked imbalance. Additionally, traders can set alerts for when stacked imbalances occur! Highest +Delta and Highest -Delta Levels In addition to being a fully-fledged Footprint indicator, Footprint IQ Pro goes one step further by detecting price areas where the greater +Delta and -Delta are! The image above shows price behavior near highest +Delta price areas detected by Footprint IQ! These +Delta levels are considered important as there has been strong interest from buyers at these price areas when they are traded at. It's expected that these levels can function as support points that are supported by volume. The image above shows a similar function for resistance points! Blue lines = High +Delta Detected Price Areas Red lines = High -Delta Detected Price Areas Value Area Detection Similar to traditional volume profile, Footprint IQ Pro displays the value area per bar. Green lines next to each footprint show the value area for the bar. The value area % is customizable in the settings. CVD Levels Footprint IQ Pro is capable of storing historical volume delta information to provide CVD measurements at each price area! The image above exemplifies this feature! When this feature is enabled, you will see the CVD of each price area, rather than the net delta! And that's it! Thank you so much to TradingView for offering the greatest charting platform for everyone to create on! If you have any feature requests you'd like to see for Footprint IQ, please feel free to share them with us! Thank you!
Indicatore Pine Script™
di Trading-IQ
33
Uptrick: Smart BoundariesThis script is an indicator that combines the RSI (Relative Strength Index) and Bollinger Bands to highlight potential points where price momentum and volatility may both be at extreme levels. Below is a detailed explanation of its components, how it calculates signals, and why these two indicators have been merged into one tool. This script is intended solely for educational purposes and for traders who want to explore the combined use of momentum and volatility measures. Please remember that no single indicator guarantees profitable results. Purpose of This Script This script is designed to serve as a concise, all-in-one tool for traders seeking to track both momentum and volatility extremes in real time. By overlaying RSI signals with Bollinger Band boundaries, it helps users quickly identify points on a chart where price movement may be highly stretched. The goal is to offer a clearer snapshot of potential overbought or oversold conditions without requiring two separate indicators. Additionally, its optional pyramiding feature enables users to manage how many times they initiate trades when signals repeat in the same direction. Through these combined functions, the script aims to streamline technical analysis by consolidating two popular measures—momentum via RSI and volatility via Bollinger Bands—into a single, manageable interface. 1. Why Combine RSI and Bollinger Bands • RSI (Relative Strength Index): This is a momentum oscillator that measures the speed and magnitude of recent price changes. It typically ranges between 0 and 100. Traders often watch for RSI crossing into “overbought” or “oversold” levels because it may indicate a potential shift in momentum. • Bollinger Bands: These bands are plotted around a moving average, using a standard deviation multiplier to create an upper and lower boundary. They help illustrate how volatile the price has been relative to its recent average. When price moves outside these boundaries, some traders see it as a sign the price may be overstretched and could revert closer to the average. Combining these two can be useful because it blends two different perspectives on market movement. RSI attempts to identify momentum extremes, while Bollinger Bands track volatility extremes. By looking for moments when both conditions agree, the script tries to highlight points where price might be unusually stretched in terms of both momentum and volatility. 2. How Signals Are Generated • Buy Condition: - RSI dips below a specified “oversold” level (for example, 30 by default). - Price closes below the lower Bollinger Band. When these occur together, the script draws a label indicating a potential bullish opportunity. The underlying reasoning is that momentum (RSI) suggests a stronger-than-usual sell-off, and price is also stretched below the lower Bollinger Band. • Sell Condition: - RSI rises above a specified “overbought” level (for example, 70 by default). - Price closes above the upper Bollinger Band. When these occur together, a label is plotted for a potential bearish opportunity. The rationale is that momentum (RSI) may be overheated, and the price is trading outside the top of its volatility range. 3. Pyramiding Logic and Trade Count Management • Pyramiding refers to taking multiple positions in the same direction when signals keep firing. While some traders prefer just one position per signal, others like to scale into a trade if the market keeps pushing in their favor. • This script uses variables that keep track of how many recent buy or sell signals have fired. If the count reaches a user-defined maximum, no more signals of that type will trigger additional labels. This protects traders from over-committing to one direction if the market conditions remain “extreme” for a prolonged period. • If you disable the pyramiding feature, the script will only plot one label per side until the condition resets (i.e., until RSI and price conditions are no longer met). 4. Labels and Visual Feedback • Whenever a buy or sell condition appears, the script plots a label directly on the chart: - Buy labels under the price bar. - Sell labels above the price bar. These labels make it easier to review where both RSI and Bollinger Band conditions align. It can be helpful for visually scanning the chart to see if the signals show any patterns related to market reversals or trend continuations. • The Bollinger Bands themselves are plotted so traders can see when the price is approaching or exceeding the upper or lower band. Watching the RSI and Bollinger Band plots simultaneously can give traders more context for each signal. 5. Originality and Usefulness This script provides a distinct approach by merging two well-established concepts—RSI and Bollinger Bands—within a single framework, complemented by optional pyramiding controls. Rather than using each indicator separately, it attempts to uncover moments when momentum signals from RSI align with volatility extremes highlighted by Bollinger Bands. This combined perspective can aid in spotting areas of possible overextension in price. Additionally, the built-in pyramiding mechanism offers a method to manage multiple signals in the same direction, allowing users to adjust how aggressively they scale into trades. By integrating these elements together, the script aims to deliver a tool that caters to diverse trading styles while remaining straightforward to configure and interpret. 6. How to Use the Indicator • Configure the Inputs: - RSI Length (the lookback period used for the RSI calculation). - RSI Overbought and Oversold Levels. - Bollinger Bands Length and Multiplier (defines the moving average period and the degree of deviation). - Option to reduce pyramiding. • Set Alerts (Optional): - You can create TradingView alerts for when these conditions occur, so you do not have to monitor the chart constantly. Choose the buy or sell alert conditions in your alert settings. • Integration in a Trading Plan: - This script alone is not a complete trading system. Consider combining it with other forms of analysis, such as support and resistance, volume profiles, or candlestick patterns. Thorough research, testing on historical data, and risk management are always recommended. 7. No Performance Guarantees • This script does not promise any specific trading results. It is crucial to remember that no single indicator can accurately predict future market movements all the time. The script simply tries to highlight moments when two well-known indicators both point to an extreme condition. • Actual trading decisions should factor in a range of market information, including personal risk tolerance and broader market conditions. 8. Purpose and Limitations • Purpose: - Provide a combined view of momentum (RSI) and volatility (Bollinger Bands) in a single script. - Assist in spotting times when price may be at an extreme. - Offer a configurable system for labeling potential buy or sell points based on these extremes. • Limitations: - Overbought and oversold conditions can persist for an extended period in trending markets. - Bollinger Band breakouts do not always result in immediate reversals. Sometimes price keeps moving in the same direction. - The script does not include a built-in exit strategy or risk management rules. Traders must handle these themselves. Additional Disclosures This script is published open-source and does not rely on any external or private libraries. It does not use lookahead methods or repaint signals; all calculations are performed on the current bar without referencing future data. Furthermore, the script is designed for standard candlestick or bar charts rather than non-standard chart types (e.g., Heikin Ashi, Renko). Traders should keep in mind that while the script can help locate potential momentum and volatility extremes, it does not include an exit strategy or account for factors like slippage or commission. All code comes from built-in Pine Script functions and standard formulas for RSI and Bollinger Bands. Anyone reviewing or modifying this script should exercise caution and incorporate proper risk management when applying it to their own trading. Calculation Details The script computes RSI by examining a user-defined number of prior bars (the RSI Length) and determining the average of up-moves relative to the average of down-moves over that period. This ratio is then scaled to a 0–100 range, so lower values typically indicate stronger downward momentum, while higher values suggest stronger upward momentum. In parallel, Bollinger Bands are generated by first calculating a simple moving average (SMA) of the closing price for the user-specified length. The script then measures the standard deviation of closing prices over the same period and multiplies it by the chosen factor (the Bollinger Bands Multiplier) to form the upper and lower boundaries around the SMA. These two measures are checked in tandem: if the RSI dips below a certain oversold threshold and price trades below the lower Bollinger Band, a condition is met that may imply a strong short-term sell-off; similarly, if the RSI surpasses the overbought threshold and price rises above the upper Band, it may indicate an overextended move to the upside. The pyramiding counters track how many of these signals occur in sequence, preventing excessive stacking of labels on the chart if conditions remain extreme for multiple bars. Conclusion This indicator aims to provide a more complete view of potential market extremes by overlaying the RSI’s momentum readings on top of Bollinger Band volatility signals. By doing so, it attempts to help traders see when both indicators suggest that the market might be oversold or overbought. The optional reduced pyramiding logic further refines how many signals appear, giving users the choice of a single entry or multiple scaling entries. It does not claim any guaranteed success or predictive power, but rather serves as a tool for those wanting to explore this combined approach. Always be cautious and consider multiple factors before placing any trades.
Indicatore Pine Script™
di Uptrick
3
Scatter PlotThe Price Volume Scatter Plot publication aims to provide intrabar detail as a Scatter Plot . 🔶 USAGE A dot is drawn at every intrabar close price and its corresponding volume , as can seen in the following example: Price is placed against the white y-axis, where volume is represented on the orange x-axis. 🔹 More detail A Scatter Plot can be beneficial because it shows more detail compared with a Volume Profile (seen at the right of the Scatter Plot). The Scatter Plot is accompanied by a "Line of Best Fit" (linear regression line) to help identify the underlying direction, which can be helpful in interpretation/evaluation. It can be set as a screener by putting multiple layouts together. 🔹 Easier Interpretation Instead of analysing the 1-minute chart together with volume, this can be visualised in the Scatter Plot, giving a straightforward and easy-to-interpret image of intrabar volume per price level. One of the scatter plot's advantages is that volumes at the same price level are added to each other. A dot on the scatter plot represents the cumulated amount of volume at that particular price level, regardless of whether the price closed one or more times at that price level. Depending on the setting "Direction" , which sets the direction of the Volume-axis, users can hoover to see the corresponding price/volume. 🔹 Highest Intrabar Volume Values Users can display up to 5 last maximum intrabar volume values, together with the intrabar timeframe (Res) 🔹 Practical Examples When we divide the recent bar into three parts, the following can be noticed: Price spends most of its time in the upper part, with relative medium-low volume, since the intrabar close prices are mostly situated in the upper left quadrant. Price spends a shorter time in the middle part, with relative medium-low volume. Price moved rarely below 61800 (the lowest part), but it was associated with high volume. None of the intrabar close prices reached the lowest area, and the price bounced back. In the following example, the latest weekly candle shows a rejection of the 45.8 - 48.5K area, with the highest volume at the 45.8K level. The next three successive candles show a declining maximum intrabar volume, after which the price broke through the 45.8K area. 🔹 Visual Options There are many visual options available. 🔹 Change Direction The Scatter Plot can be set in 4 different directions. 🔶 NOTES 🔹 Notes The script uses the maximum available resources to draw the price/volume dots, which are 500 boxes and 500 labels. When the population size exceeds 1000, a warning is provided ( Not all data is shown ); otherwise, only the population size is displayed. The Scatter Plot ideally needs a chart which contains at least 100 bars. When it contains less, a warning will be shown: bars < 100, not all data is shown 🔹 LTF Settings When 'Auto' is enabled ( Settings , LTF ), the LTF will be the nearest possible x times smaller TF than the current TF. When 'Premium' is disabled, the minimum TF will always be 1 minute to ensure TradingView plans lower than Premium don't get an error. Examples with current Daily TF (when Premium is enabled): 500 : 3 minute LTF 1500 (default): 1 minute LTF 5000: 30 seconds LTF (1 minute if Premium is disabled) 🔶 SETTINGS Direction: Direction of Volume-axis; Left, Right, Up or Down 🔹 LTF LTF: LTF setting Auto + multiple: Adjusts the initial set LTF Premium: Enable when your TradingView plan is Premium or higher 🔹 Character Character: Style of Price/Volume dot Fade: Increasing this number fades dots at lower price/volume Color 🔹 Linear Regression Toggle (enable/disable), color, linestyle Center Cross: Toggle, color 🔹 Background Color Fade: Increasing this number fades the background color near lower values Volume: Background color that intensifies as the volume value on the volume-axis increases Price: Background color that intensifies as the price value on the price-axis increases 🔹 Labels Size: Size of price/volume labels Volume: Color for volume labels/axis Price: Color for price labels/axis Display Population Size: Show the population size + warning if it exceeds 1000 🔹 Dashboard Location: Location of dashboard Size: Text size Display LTF: Display the intrabar Lower Timeframe used Highest IB volume: Display up to 5 previous highest Intrabar Volume values
Indicatore Pine Script™
di fikira
18
Bull Bear Candles with Volume ProfileUser Guide for Bull Bear Candles Indicator with Keltner Channels Author: NellyN Introduction This indicator helps identify potential bullish and bearish trends in the market by analyzing buying and selling volume over two configurable timeframes. It calculates the percentage of buying and selling volume and displays the current market condition based on two moving averages for 2 periods. Key Features • Volume Analysis : Calculates Buy and Sell Volume for two configurable timeframes (e.g., 5 min, 15 min, 15 min. and 1 hour, etc.) and displays them as percentages. • Moving Averages : Uses one Moving Average (MA) for two different time periods to identify trends (uptrend when shorter-term MA is above longer-term MA). You can also choose other Moving Average types like SMA, EMA, WMA, RMA, VWMA, or HMA. • Colored Candles : Candles are colored green for bullish conditions, red for bearish conditions, and gray for neutral conditions. • Market Condition Labels : Displays labels in table-view indicating the current market condition based on Buy and Sell Volume (Very Bullish, Very Bearish, Bullish/Bearish Retracement, Chop). • Alerts: Generates alerts for potential buy and sell signals based on indicator conditions (Note: Enable alerts in the indicator settings). • Visual Signals: Provides visual signals through colored candles and market condition labels in addition to alerts. Input Parameters • Source: Close price (default) or Heikin Ashi • Timeframe: Select the timeframe for price and volume data used in the indicator (e.g., Daily, Hourly). • Colored Candles On: Enable (True) or disable (False) coloring candles based on market conditions. • Enable Alerts: Enable (True) or disable (False) alerts for buy/sell signals. • Length of MA: Sets the length for the MAs used in trend identification (minimum 1). • Lookback Period Vol. 1 & 2: Define the timeframes used to calculate buying and selling volume and the MA calculation (e.g., 5 min, 15 min). Understanding the Outputs • Cloud Fill: The area between two MAs is filled with a color that reflects the trend (green for uptrend, red for downtrend). • Table: Shows Buy Volume, Sell Volume, Buy Percentage, Sell Percentage, and the current Market Condition Labels. (If you decide to see them uncomment them from the code simply removing the // in front of the code) • Colored Candles and Market Condition Labels: Look for green candles and bullish labels for potential buying opportunities, and vice versa for red candles and bearish labels. Bullish green label appears when short-term MA is above long-term MA AND Buy Volume percentage is greater than 50%. Red cross for exiting long entry appears when we have bearish volume OR bearish crossover of the MA for the 2 periods. Bearish red label appears when short-term MA is below long-term MA AND Buy Volume percentage is less than 50%. Green cross for exiting short entry appears when we have bullish volume OR bullish crossover of the MA for the 2 periods. • Bullish/Bearish Retracement: The moving averages indicate a potential trend reversal, while the Buy Volume percentage suggests a continuation of the prior trend. The candle color may be green, red, or gray depending on the current price position relative to the moving averages. • Chop (Gray Candle): The moving averages are flat and the Buy Volume percentage is not significantly above or below 50%. • Buy/Sell Alerts: The indicator generates alerts based on specific conditions, but these should be used in conjunction with other trading strategies and careful risk management. Important Notes • This indicator is for informational purposes only and should not be considered financial advice. Back-test the indicator with historical data to understand its performance before using it for live trading. • Combine this indicator with other technical analysis tools.
Indicatore Pine Script™
di NellyNaneva
2
Ultimate Multi Indicator - by SachaThe Ultimate Multi Indicator: The Ultimate Guide To Profit This custom indicator, the Ultimate Multi Indicator , integrates multiple trading indicators to have powerful buy and sell signals. I combined MACD, EMA, RSI, Bollinger Bands, Volume Profile, and Ichimoku Cloud indicators to help traders analyze both short-term and long-term price movements. Key Components and How to Use Them - MACD (Moving Average Convergence Divergence): - Use for trend direction and potentiality of reversals. - The blue line (MACD Line) crossing above the orange line (Signal Line) indicates a bullish reversal; the opposite signals a bearish reversal. - Watch for crossovers to confirm the direction of smaller price movements. - 200 EMA (Long) (Exponential Moving Average): - Use to indicate a long-term trend direction. - If the price is above the 200 EMA, the market is in an uptrend; below it suggests a downtrend. - The chart’s background color shifts subtly green (uptrend) or red (downtrend) depending on the EMA's relative position. - RSI (Relative Strength Index): - Tracks momentum and overbought/oversold levels. - RSI over 70 signifies overbought conditions; under 30 indicates oversold. - Look for RSI turning points around these levels to identify potential reversals. - Bollinger Bands : - The price touching or crossing the upper Bollinger Band may mean overbought conditions are filled, while a touch at the lower band indicates oversold. - Bollinger Band interactions often align with key reversal points, especially when combined with other signals. - Volume Profile : - A yellow VP line on the chart represents significant trading volume occurred. - This line can be used as both a support and resistance level, and especially during consolidations or trend changes. - Ichimoku Cloud : - Identifies support/resistance levels and trend direction. - Green and red cloud regions visually show if the price is above (bullish) or below (bearish) key levels. - Price above the cloud (green) confirms a bullish market, while below (red) signals bearish. Signal Conditions and Visualization - Buy Signals : - This is triggered right away when MACD crosses up, RSI is oversold, or price touches the lower Bollinger Band, provided price is above both the Ichimoku Cloud and the 200 EMA. - A green “BUY” label appears below the bar, suggesting a potential entry. - Sell Signals : - This signal is generated when MACD crosses down, RSI is overbought, or price touches the upper Bollinger Band, and price is below the Ichimoku Cloud and the 200 EMA. - A red “SELL” label is shown above the bar, indicating a potential exit. Tips & Tricks - Confirm Signals : Use multiple signals to confirm entries and exits. For example, if both the MACD and RSI align with the Ichimoku Cloud direction, the trade setup is stronger. - Trend Directions : Only take buy signals if the price is above the 200 EMA, and sell signals if it is below, aligning trades with the overall trend. - Adjust for Volatility : In high-volatility markets, especially in the crypto markets, pay close attention to the Bollinger Bands for breakout potential. - Ichimoku as a Trend Guide : Use the Ichimoku Cloud as a guide for long-term support and resistance levels, especially for swing trades. This multi-layered indicator gives a balanced blend of short-term signals and long-term trend insights, making it a versatile tool for day trading, swing trading, or even longer-term analysis. Remember that indicators that will make you rich instantly don't exist. To expect minimum profit from them, you shouldn't trade all you have at the same time but only trade with the money you can afford to lose. After that being said, I wish you traders luck with the Ultimate Multi Indicator!
Indicatore Pine Script™
di SachaAlgos
1
volumeUtilitiesLibrary "volumeUtilities" generate_and_plot_volumeProfile(length, valueArea_perc, plot_vp, show_vp_labels, include_vp_levels)   : Generate and plot volume profile   Parameters:      length (int) : (int): Length of the volume profile indicator      valueArea_perc (float) : (float): Percentage of the volume that will be in the value area      plot_vp (bool) : (bool): Flag to plot or not the indicator      show_vp_labels (bool) : (bool): Flag to plot the labels of the levels      include_vp_levels (bool) : (bool): Flag to include the values inside the labels of the levels   Returns: : Returns POC level, upper value area level, lower value area level and alerts if close is above or below the value area.
Libreria Pine Script™
di algoTraderGTP
MultiTFlevels with Volume Display1. Overview This indicator is intended for use on trading platforms like TradingView and provides the following features: Volume Profile Analysis: Shows cumulative volume delta (CVD) and displays buying and selling volumes. Historical OHLC Levels: Plots historical open, high, low, and close levels for various timeframes (e.g., daily, weekly, monthly). Customizable Settings: Allows users to toggle different elements and customize display options. 2. Inputs Timeframe Display Toggles: Users can choose to display OHLC levels from different timeframes such as previous month, week, day, 4H, 1H, 30M, 15M, and 5M. CVD Display Toggle: Option to show or hide the Cumulative Volume Delta (CVD). Line and Label Customization: leftOffset and rightOffset: Define how far lines are extended left and right from the current bar. colorMonth, colorWeek, etc.: Customize colors for different timeframe OHLC levels. labelOffset and rightOffset: Control the positioning of volume labels. 3. Key Features Cumulative Volume Delta (CVD) Calculation: Computes the cumulative volume delta by adding or subtracting the volume based on whether the close price is higher or lower than the open price. Display: Shows a label on the chart indicating the current CVD value and whether the market is leaning towards buying or selling. Historical OHLC Levels Data Retrieval: Uses the request.security function to fetch OHLC data from different timeframes (e.g., monthly, weekly, daily). Plotting: Draws lines and labels on the chart to represent open, high, low, and close levels for each selected timeframe. Buying and Selling Volumes Calculation: Calculates buying and selling volumes based on whether the close price is higher or lower than the open price. Display: Shows labels on the chart for buying and selling volumes. 4. Functions getOHLC(timeframe) Retrieves open, high, low, and close values from the specified timeframe. plotOHLC(show, open, high, low, close, col, prefix) Draws OHLC lines and labels on the chart for the given timeframe and color. 5. Usage Chart Overlay: The indicator is overlaid on the main chart (i.e., it appears directly on the price chart). Historical Analysis: Useful for analyzing historical price levels and volume dynamics across different timeframes. Volume Insights: Helps traders understand the cumulative volume behavior and market sentiment through the CVD and volume labels. In essence, this indicator provides a comprehensive view of historical price levels across multiple timeframes and the dynamics of market volume through CVD and volume labels. It can be particularly useful for traders looking to combine price action with volume analysis for a more in-depth market assessment.
Indicatore Pine Script™
di elie_trades
VWAP Boulevard [vnhilton](OVERVIEW) The idea of this indicator comes from traders identifying supply to mainly look for shorts. Scenarios would be gap ups or pump & dumps where huge volume is transacted, & bag-holders are present. Some traders would draw resistance lines, I myself used to draw supply zones using the volume profile on that day, & others used the day VWAP on those days. VWAP Boulevard (I believe the name comes from the trader named team3dstocks) draws day VWAP lines from the highest volume days for a given period (excluding the current day). (FEATURES) - Draws horizontal & vertical lines from up to 250 highest volume days out of up to 3568 days, with the ability to hide either of these lines, their thicknesses, styles - Extend/cut horizontal lines, or extend them all the way to the right - Show the day VWAP, volume & age for these days in labels, with the ability to show what information you want to see only - Separate customizable color forms for the lines & labels - ordinary (1 color); volume (2 color gradient from lowest to highest volume of the highest volume days); age (2 color gradient from youngest to oldest volume of the highest volume days) - Edit offset & size of labels, & hide them - Hide vertical lines From left to right: Age color; ordinary color; volume color 250 highest volume days in the past year. Very messy so it's very likely you won't be using this but the ability to draw lines from 250 highest volume days is there if needed (DRAWDOWNS) - This indicator will only on the daily timeframe (error message will show up if unaware of this, & can be toggled off). Unfortunately, this would mean you would have to draw the lines manually yourself if you wish to use them on intraday timeframes. - You may also encounter the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error. This occurs when the lookback period is very high & the indicator attempts to recalculate I believe. If this happens then reload the indicator. The logic I used to obtain the highest volume days were to put all of the volume days in a given period in 1 array, then to sort them from highest to lowest, & also store their sorted indices in an separate array as well, so that drawings for each volume day could be done from the 2 arrays. //Volume for last N periods var int pastVol = array.new_int(lookbackPeriodFixed) for i = 0 to lookbackPeriodFixed - 1 array.set(pastVol, i, int(volume )) sortedIndices = array.sort_indices(pastVol, order.descending) //All Indices of sorted volume from highest to lowest sortedIndices2 = array.slice(sortedIndices, 0, highestVolDays) //Indices of sorted volume from highest to lowest array.sort(pastVol, order.descending) //All Volume sorted from highest to lowest pastVol2 = array.slice(pastVol, 0, highestVolDays) //Volume sorted from highest to lowest //Drawings for i = 0 to highestVolDays - 1 index := array.get(sortedIndices, i) vol := array.get(pastVol, i) Since these array sizes were determined from the lookback period, it would mean that the request.security() function used to obtain daily values on intraday timeframes wouldn't work for a lookback period >20 (20 * 2 values I believe, which are the day VWAP & the day volume) as TradingView has put a maximum amount of calls of 40 in 1 script. Therefore, for intraday plots to work I would have to change the logic for getting the day VWAP & day volume for the highest days, as the request.security() function doesn't work on for loops, & this would also mean that the user would only be able to draw lines from up to 20 highest volume days instead of 250. I couldn't go forward with this as I wasn't able to find the logic to pick the highest volume days & their day VWAPs & times (indexes) without using a for loop. If anyone has any solutions (including for the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error) then please let me know. I've also left commented-out code for dealing with intraday drawings for future use.
Indicatore Pine Script™
di vnhilton
12
RSI ProfileThis indicator shows the RSI profile from historical RSI Value and High / Low RSI Pivots. It is inspired by the Volume Profile which is a common charting study that indicates activity at specified levels. It plots a histogram on the chart meant to identify dominant/significant levels. This script is profiling RSI levels into a histogram, which can identify the crucial RSI values in the chart. Along with the pivot options that can help identify the dominant pivot points where RSI values had been rebounding historically. How to use: There are three profile types available in the settings. When selecting RSI Values, the indicator will count RSI values from history, and plot the count in a histogram at the end of the chart. If you select RSI Pivots High or RSI Pivots Low, the indicator will count only the RSI Pivot Highs and Lows and plot the count in a histogram. Users can select the Pivot Left/Right length from the settings. Users can extend the POC line to the left, to study how the values had been reacting to POC Please note: Since the RSi values range from 0 to 100, the indicator is rounding off the values to absolute numbers. This can cause a situation where multiple POC are identified, to find the unique POC, you can increase the width of the histogram. The Max/Min RSI settings are for visual purposes only, it can help users shrink down the histogram's top and bottom visibility
Indicatore Pine Script™
di GrandAlgo
3
WMACDThis is MACD but little different. The idea behind this is to use MACD to find resistance and support level first. So we can use the logic of volume profiles for this setting and by imply the MACD on it you can make the hybrid for it . The line represent the both resistance level and if macd is above or bellow the zero if line is red the macd is bellow zero if it lime then it above zero . The bars represent the macd (in gray) - left side is buy and right side is sell so how to use it ? for example : if MACD is red and price is bellow the line we are in bear state and the line represent the resistance lets say price bellow the line and macd line is green then this is buy signal and our goal is to reach the price of the supposed resistance , if price break the line up then we are in bull time mode and strong buy . Now our line will become the support line . you can change the setting of the MACD to make it more sensitive or less sensitive as regular macd with fast and slow length This is a concept idea how to make the MACD to find resistance and support level so try to play with it to see how it work
Indicatore Pine Script™
di RafaelZioni
6
Volume Spikes & Growing Volume Signals With Alerts & ScannerVOLUME SPIKES & GROWING VOLUME SIGNALS WITH ALERTS & SCANNER This indicator shows arrows when there is a volume spike. It also paints the background when volume is growing. There is also a volume scanner for 8 tickers that will change color in real time when your other favorite tickers see volume growth and spikes. You can customize the length of DMI, the number of bars to calculate the current volume average from, the number of bars back to get the overall volume average from, the multiple that needs to be hit to give a signal, the position of the scanner table and which tickers are used in the scanner. There are detailed directions as tooltips in the indicator settings you can read to understand exactly what each input does. All features are customizable as well as which tickers the screener uses. ***HOW TO USE*** Watch for volume to pick up before placing trades as this will help you stay out of the markets when price is choppy. Volume usually brings volatility so watch for the volume signals to show up on the chart. Typically when price has made a big move one direction or is consolidating and you see the volume indicator start giving signals, the market is ready to reverse or continue its current trend but move faster in that direction. Volume Spikes When there is a volume spike that is larger than the average of volume over the last 100+ bars(depending on your settings) multiplied by the volume amount multiplier(in your settings) then an arrow will show up on the chart. This arrow will be green if DMI is bullish and red if DMI is bearish. Volume Growth A Background color will appear when the average volume over the last 5 bars(depending on your settings) is higher than the average volume over the last 100+ bars(depending on your settings) and is greater than your multiple. It will also paint the background when the volume moving average has increased over the last 3 bars consecutively. The background colors will be red or green depending on buy & sell pressure(DMI). If the background color appears, then you know volume is growing and volatility is near. Volume Scanner The scanner can be customized to have all of your favorite tickers by changing the tickers used in the indicator settings at the bottom. When no volume growth or spikes are detected, the ticker will show as light blue. When volume spikes or growth is detected, the ticker will turn orange to notify you. Alerts You can set up alerts as well when there is volume growth, bullish volume spikes and bearish volume spikes on any chart or timeframe. Indicator Settings Settings will need to be adjusted across different tickers as some have large swings in volume and some stay pretty even, so make sure to set up different chart layouts with settings that work for each ticker and save them individually so you don’t have to reset these values every time you switch charts. ***MARKETS*** This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex as long as Tradingview has volume and DMI data for that ticker. ***TIMEFRAMES*** This volume spike indicator can be used on all timeframes as long as there is enough data for Tradingview to use for calculations. ***TIPS*** Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Auto Fibonacci, Volume Profile, Momentum, Auto Support And Resistance and Money Flow Index in combination with this Volume Growth indicator. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Indicatore Pine Script™
di FriendOfTheTrend
12
Fr3d0's Volume Profile Visible RangeLow level implementation At the core of VPVR there’s a concept called “bucketization”. Question : what is bucketization? Answer : bucketization consists of identifying metrics with high predictive power and combine them appropriately. I think this is a problem of bucketization because what the VPVR does is to take a price range, divide it into buckets and fill them up with the volume that was produced in each bucket’s range over the given period. The more we divide our price range the finer the resolution, but also the less significant each bucket will become. The steps are : 1. Get the price range with min and max over the give period; 2. Divide the range into buckets; 3. Loop over each candle of the given period and proportionally assign volume to one or more bucket. Question : how to assign volume to buckets? Answer : we need to calculate the right amount to add to each bucket for each candle. If 20% of a candle lies on a bucket then that bucket needs to have 20% of the volume of that candle, the rest 80% belongs to other buckets. To get the percentage of a candle on a given bucket we have to find the price range of the candle contained within the bucket, then divide that amount by the entire length of the candle. How to bucketize Question : what are the formulas of A, B, C and Target respectively? Answer : - A = Max(candle_high, bucket_top) - Min(candle_low, bucket_bottom); - B = Max(candle_high, bucket_top) - Min(candle_high, bucket_top); - C = Max(candle_low, bucket_bottom) - Min(candle_low, bucket_bottom); - Target = A - B - C. Now that we now how to calculate the price range belonging to each bucket we need to calculate a percentage of volume to fill the bucket with. The formula is trivially simple : Volume * Target / (candle_high - candle_low). Question : can we distinguish between buy volume and sell volume? If so, how? Answer : yes we can and the following paragraph will teach you how. Put it simply we can use the difference between the extremes of a candle (low and high) and its close price to get the buy and sell volumes. The formulas for that are : - Buy volume = Volume * (close - low) / (high - low); - Sell volume = Volume * (high - close) / (high - low). I know this is rather simplicistic but it makes sense. Closing thoughts This script is a working progress and I’m going to give more details if necessary, just let me know in the comments down below.
Indicatore Pine Script™
di Fr3d0C0rl30n3
39
Z-HistogramIt is possible to approximate the underlying distribution of a random variable by using what is called an "Histogram". In order to construct an histogram one must first split the data into several intervals (also called bins) often of the same size and count the number of values falling within each intervals, the histogram plot is then constructed with the X axis representing the measured variable and the Y axis representing the frequency. The proposed script aim to estimate the underlying distribution of a rolling z-score by constructing its histogram, here the histogram consist of 13 bins of width 0.5 rolling standard deviations. The length setting define the rolling z-score period, the window setting define the number of past data to be counted, finally using the "Total" option (true by default) will count all the rolling z-scores values since the first bar, in order to use the window setting make sure to uncheck the "Total" option. DISPLAY In order to see the entirety of the histogram make sure to double click on the indicator window and to have all the lower panels (text notes, pine editor...etc) hidden, finally make sure to zoom-in in order to see the frequency numbers displayed. Z-Histogram on BTCUSD 15 min TF, the blue bins represent intervals situated over 0 while red bins represent intervals situated under 0. Here σ represent the X-axis in standard deviations, the histogram start with a bin situated at σ = -3 which count the number of times the rolling z-score was within -3 and -2.5, the histogram end with the bin situated at σ = 3 which count the number of time the rolling z-score was within 3 and 3.5. It is also possible to look at the shape of the histogram without having the indicator window at full size. INTERPREATION An histogram can give really interesting information such as overall trend direction and strength. The direction can be measured by looking at the skewness of the histogram, with a negative skewness (the peak of the histogram situated at the right from the center) representing down-trending variations and positive skewness (the peak of the histogram situated at the left from the center) representing up-trending variations, while a symmetrical histogram could represent a ranging market. The farther away the peak of the histogram is situated from the center, the stronger the trend. Another interesting characteristic is the tailedness of the histogram, which can give information about the cleanliness of the trend, for example a positive skew and high tailedness would represent a clean up-trend, as it could suggest less variations contrary to the main trend. An histogram applied to the rolling z-score can give various useful information. As a recall the rolling z-score of the price measure the distance between the closing price and its moving average in term of rolling standard deviations, for example if the rolling z-score is equal to 2 it means that the closing price is currently 2 rolling standard deviations over its moving average. Lets for example analyze the histogram using INTC 15 min tf with a window of 456 bars and rolling z-score of length = 100 in order to review longer term variations. We can see from the histogram that the uptrend visible on the chart is represented by the bins situated over 0 having an overall higher frequency than the bins under 0, we can see that the closing price tended to stay between 1 and 1.5 rolling standard deviations over its period 100 moving average. Here bins under 0 accounts for retracements in the trend. IN SUMMARY An histogram can give various information regarding the price evolution of a security, the proposed script aim to plot the histogram of a rolling z-score. Now this script might not be too useful but it was fun to make, also it does not mean that an histogram is not an useful tool in the context of trading, the only thing required is a god implementation of it (like volume profiles for example) In this post we have also reviewed some important statistical concepts such as distributions, z-score, skewness and tailedness, each being extremely important in the quantitative trading field. Thx for reading !
Indicatore Pine Script™
di alexgrover
18
Patient Trendfollower (7)(alpha) Backtesting AlgorithmThis is an alpha version of backtesting algorithm for my Patient Trendfollower (7) strategy. It can help you adapt the indicator to other charts than EURUSD. Please bear in mind that price action, volume profiles and supzistences are a catalyst for successful trading, not an indicator. You can get significantly better results if you use these things in your trading and use Trendfollower only as a secondary tool. Patient Trendfollower Indicator Thanks belongs to @everget and Satik FX, their contributions are highlighted on an indicator page.
Strategia Pine Script™
di OrcChieftain
3
Delta Volume Columns [LucF]Displays delta volume columns using intrabar volume information. Each volume column is divided into three sections: buying, selling and neutral volume. Volume for each section is determined from the volume and price movement of each intrabar at a user-selected lower resolution. Features include: - Choice of color themes for either dark or light chart backgrounds - Delta volume columns - Volume Balance displayed as the difference between the MAs of buying and selling volume - Display of divergences between a bar’s volume balance and the bar’s price movement (example: buying volume > selling volume but close < open). Divergences can be shown in 2 different color schemes (including green/red showing a tentative direction), on volume columns and/or on chart bars - Display of bar by bar volume balance with highlighting of above average volume - Display of the usual total volume MA - Choice of the lower resolution used to retrieve intrabar information - Alerts configurable on any combination of the markers, with control over long/short direction - Choice of 3 different markers: 1. Double bumps: two consecutive bars where buying or selling volume is in the same direction and where volume > volume MA 2. Divergence confirmations: direction of the price bar following a price/volume balance divergence 3. Volume balance shifts: zero level crossings of the volume balance MA delta The chart shows the two main modes of display: - Top pane : shows the stacked volume columns with divergences in orange and the flattened volume balance MAs delta at the bottom of the volume columns. This volume balance is the same shown in the bottom pane. The top pane also shows the instant volume balance strip above the volume columns. The strip’s colors show which of the buying or selling volume was greater, and colors are brighter if the total volume was above the total volume MA. - Bottom pane : shows the volume balance MAs delta with markers 1 and 2. Given that this graphic has no price momentum component, I find quite eerie how it often looks like a momentum-based signal. The default 5 minute intrabar resolution is used in combination with the weekly chart, which is excessive. This script uses a special characteristic of the security() function’s behavior when it is sent to a resolution lower than the chart’s resolution. Details are given in the script’s comments. This method has the advantage of working under more circumstances than some of the other loop-based methods, but it also has its limits. IMPORTANT This is what you need to know: - The method used does not work on the realtime bar—only on historical bars. Consequently, the volume column shown on the realtime bar is a normal volume column plotted in green or red, following price movement. The column will only show delta volume information after it closes and becomes a historical bar. - The indicator only works on some chart resolutions: 5, 10, 15 and 30 minutes, 1, 2, 4, 6, and 12 hours, 1 day, 1 week and 1 month. The script’s code can be modified to run on other resolutions, but chart resolutions must be divisible by the lower resolution used for intrabars. - Intrabar resolutions can be selected from 1, 5, 15, 30, 45 minutes, 1, 2, 3, 4 hours, 1 day, 1 week and 1 month. The intrabar resolution must of course be smaller than the chart’s resolution. - Contrary to my other indicators where alerts must be configured to trigger “Once Per Bar Close” in order to avoid false triggers (or repainting), all this indicator’s alerts are designed to trigger using previous bar information since the indicator’s calculations in the realtime bar are not exact. Markers are not plotted with a negative offset; they appear at the beginning of the realtime bar following confirmation of the marker’s condition on the previous bar. Alerts for this indicator should thus be configured to trigger “Once Per Bar” so they trigger at the beginning of the realtime bar. Note that the penalty is not that great, as it is simply the instant between the close of the previous realtime bar and the opening of the next. The advantage of using this technique is that the indicator does not repaint; a marker that appears at the beginning of the realtime bar will never disappear. - The script only plots information that is reliable in the realtime bar, i.e., total volume and markers. All other plots are set to n/a to prevent misleading traders. - When the difference between the chart’s resolution and the lower resolution is too important, volume columns will not calculate for all bars in the dataset. On Delta Volume Buying or selling volume are misnomers, as every unit of volume transacted is both bought and sold by 2 different traders. There is no such thing as “buy only” or “sell only” volume, but trader lingo is riddled with original fabulations. Without access to order book information, traders work with the assumption that when price moves up during a bar, there was more buying pressure than selling pressure. The built-in volume indicator available on TradingView uses this logic to color the volume columns green or red. While this script’s numbers are more precise because it analyses a number of intrabars to calculate its information, it uses the exact same imperfect logic to calculate its buying/selling/neutral sections. Until Pine scripts can have access to how much volume was transacted at the bid/ask prices, our so-called buying/selling volume information will always be a mere proxy. Divergences You may wonder how there can be divergences between buying/selling volume information and price movement. This will sometimes be due to the methodology’s shortcomings we have just discussed, but divergences may also occur in instances where because of order book structure, it takes less volume to increase the price of an asset than it takes to decrease it. As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. I do not share the overwhelming enthusiasm traders have for divergences. To your pattern-hungry brain, the orange bars this indicator shows on chart will—as divergences on other indicators do–appear to often indicate turnarounds. My opinion is that reality is generally quite sobering, as many who have tried building automated rules based on divergences will tell you. I do not have hard numbers on the lack of performance of divergences—only many failed attempts to make them perform, which a few experienced strategy modelers I know share with me. Please don’t try to read too much into them. While they look great on past data, I find they are often difficult to use in realtime to make bets with good odds. Thanks to: - A guy called Kuan who commented on a Backtest Rookies presentation of an intrabar delta volume indicator using a for loop. The heart of “my” indicator is code borrowed from Kuan; I just built a hopefully useful wrapper around it. - @theheirophant, my partner in the exploration of the sometimes weird abysses of security() ’s behavior at lower resolutions.
Indicatore Pine Script™
di LucF
69
NIFTY VWAP DistanceNIFTY Futures VWAP Distance Indicator Track price deviation from Volume-Weighted Average Price in real-time 📈 Key Features: Measures absolute (points) and percentage distance from VWAP Daily session reset aligned with NSE trading hours Dual-axis visualization with clear zero reference line Real-time data table display for instant analysis Typical price calculation: (H+L+C)/3 formula Built-in safeguards against division errors 🎯 Ideal For: Intraday traders monitoring mean reversion opportunities Algorithmic traders needing VWAP deviation metrics Swing traders identifying overextended price moves Market profile analysts studying auction theory 📊 How to Use: Apply to NIFTY Futures chart (1m-1h timeframes recommended) Blue line = Points above/below VWAP Red line = Percentage deviation Positive values = Price > VWAP (bullish territory) Negative values = Price < VWAP (bearish territory) 💡 Pro Tips: Combine with volume profile for confirmation Watch for >1% deviations for potential reversals Use divergence patterns for early trend change signals Works best with raw futures data (not continuous contracts) 🔧 Technical Specs: Pine Script v5+ No repainting Low latency calculations Mobile-friendly display "Know when price strays too far from fair value"
Indicatore Pine Script™
di rajarathnamr
Advanced Price Direction Predictor# Advanced Price Direction Predictor: Visual Components & Dashboard Guide ## Dashboard Overview The Advanced Price Direction Predictor features a comprehensive visual dashboard that provides traders with real-time market analysis and signal information in a highly organized format. The dashboard is positioned according to user preference (top-right, top-left, bottom-right, or bottom-left) and displays critical information through a structured table format. ### Dashboard Components 1. **PREDICTION Section** - **Bullish Score**: Displays the percentage strength of bullish signals (0-100%) - **Bearish Score**: Displays the percentage strength of bearish signals (0-100%) - **Color-Coding**: Scores are highlighted with intensity-based colors (deep green for strong bullish, deep red for strong bearish) 2. **ENSEMBLE Metrics** - **Bullish Ensemble**: Numerical value (0-1) showing the combined agreement of bullish indicators - **Bearish Ensemble**: Numerical value (0-1) showing the combined agreement of bearish indicators - **Color-Coded**: Values highlighted based on strength (green/red intensity scaling) 3. **MARKET Analysis** - **Trend Classification**: Identifies current market as "Strong Uptrend," "Uptrend," "Strong Downtrend," "Downtrend," "Ranging Market," or "Mixed" - **Volatility Status**: Shows "High Volatility," "Low Volatility," or "Normal Volatility" with appropriate color-coding - **Background Highlighting**: Uses color backgrounds to emphasize strong conditions 4. **Higher Timeframe (HTF) Status** - **HTF Direction**: Shows "HTF: Bullish," "HTF: Bearish," or "HTF: Neutral" based on higher timeframe analysis - **Confirmation Count**: Displays the number of consecutive bars confirming the current signal 5. **Confidence Metrics** - **Confidence Percentage**: Shows probability estimate for current signal (0-100%) - **Expected Value**: Displays statistical risk/reward metric for active signals - **Color-Graded Display**: Uses intensity scaling to highlight strong confidence levels 6. **Pattern Recognition Status** - **Pattern Strength**: Numerical value showing strength of detected patterns - **Trend Strength**: Shows magnitude of the current trend with directional indicator 7. **Performance Analytics** - **Historical Accuracy**: Percentage of correct signals from historical tracking - **Signal Count**: Total number of signals analyzed for performance metrics - **Color-Coded Accuracy**: Uses green/yellow/red scale to highlight performance quality 8. **Feature Status** - **ML Features**: Displays "Neural+," "Active," or "Disabled" based on feature configuration - **Threshold Type**: Shows "Adaptive" or "Fixed" based on current settings 9. **Signal Summary** - **Current Signal**: Displays "BUY," "SELL," or "HOLD" with appropriate background highlighting - **Version Information**: Shows indicator version number ## On-Chart Indicator Visualization ### Signal Markers 1. **Strong Buy Signal**: Upward-pointing triangles below price bars - Size varies based on user settings (tiny, small, normal, large, huge) - Deep green coloring for high visibility 2. **Strong Sell Signal**: Downward-pointing triangles above price bars - Size varies based on user settings (tiny, small, normal, large, huge) - Deep red coloring for high visibility 3. **Weak Buy Signal**: Smaller upward-pointing triangles below price bars - Fixed smaller size for differentiation - Light green coloring 4. **Weak Sell Signal**: Smaller downward-pointing triangles above price bars - Fixed smaller size for differentiation - Light orange/salmon coloring ### Trend Lines 1. **Trend Line 1**: Blue line showing the first trend component - Opacity adjustable via settings - Can be toggled on/off via settings 2. **Trend Line 2**: Red line showing the second trend component - Opacity adjustable via settings - Can be toggled on/off via settings ### Signal Labels 1. **Strong Buy Labels**: "STRONG BUY" text with percentage confidence - Located below price bars - Deep green background with white text 2. **Strong Sell Labels**: "STRONG SELL" text with percentage confidence - Located above price bars - Deep red background with white text 3. **On-Chart Legend**: Optional floating display showing current values: - RSI value - MACD value - Bull percentage - Bear percentage ## Core Indicators & Technical Components ### Trend Indicators 1. **Triple Exponential Moving Average (Triple EMA)**: Advanced implementation with multiple sequences 2. **Moving Average Crosses**: Fast/medium/slow MA crosses (9/21/50 periods by default) 3. **Ichimoku Cloud Components**: Tenkan, Kijun, Senkou Span A/B calculated with customizable parameters ### Oscillators 1. **Relative Strength Index (RSI)**: With adaptive overbought/oversold levels 2. **Stochastic**: With adjustable %K and %D settings 3. **Money Flow Index (MFI)**: Volume-weighted RSI 4. **MACD**: Moving Average Convergence Divergence with signal line and histogram ### Volume Analysis 1. **On-Balance Volume (OBV)**: With moving average comparison 2. **Volume Ratio**: Current volume vs. average volume 3. **Chaikin Money Flow (CMF)**: Modified implementation centered at zero 4. **Higher Timeframe Volume Profile**: Analyzes volume patterns on larger timeframes ### Price Action Indicators 1. **Modified Heikin-Ashi**: For smoother trend visualization 2. **Bollinger Bands**: With width analysis and percent B calculation 3. **Williams %R**: With adaptive thresholds 4. **ADX/DI+/DI-**: For trend strength measurement ### Pattern Recognition 1. **Candlestick Patterns**: Detects engulfing patterns, hammers, doji, morning/evening stars, three white soldiers/black crows 2. **Harmonic Patterns**: Simplified Fibonacci-based pattern detection 3. **Support/Resistance Zones**: Identifies and counts touches of significant levels 4. **Divergence Detection**: For RSI, MACD, Stochastic, and MFI ### Market Structure Analysis 1. **Pivot Points**: High/low detection with lookback periods 2. **Fractal Analysis**: Market structure breaks detection 3. **Price Volatility Measurement**: Standardized deviation of returns 4. **Momentum Quality Assessment**: Directional movement quality metrics This comprehensive visual system provides traders with multi-layered analysis, offering both quick-glance signal identification and detailed metric assessment for informed decision-making across various market conditions and timeframes.
Indicatore Pine Script™
di GULU_Stock_AI