lib_no_delayLibrary "lib_no_delay"
This library contains modifications to standard functions that return na before reaching the bar of their 'length' parameter.
That is because they do not compromise speed at current time for correct results in the past. This is good for live trading in short timeframes but killing applications on Monthly / Weekly timeframes if instruments, like in crypto, do not have extensive history (why would you even trade the monthly on a meme coin ... not my decision).
Also, some functions rely on source (value at previous bar), which is not available on bar 1 and therefore cascading to a na value up to the last bar ... which in turn leads to a non displaying indicator and waste of time debugging this)
Anyway ... there you go, let me know if I should add more functions.
sma(source, length)
Parameters:
source (float) : Series of values to process.
length (simple int) : Number of bars (length).
Returns: Simple moving average of source for length bars back.
ema(source, length)
Parameters:
source (float) : Series of values to process.
length (simple int) : Number of bars (length).
Returns: (float) The exponentially weighted moving average of the source.
rma(source, length)
Parameters:
source (float) : Series of values to process.
length (simple int) : Number of bars (length).
Returns: Exponential moving average of source with alpha = 1 / length.
atr(length)
Function atr (average true range) returns the RMA of true range. True range is max(high - low, abs(high - close ), abs(low - close )). This adapted version extends ta.atr to start without delay at first bar and deliver usable data instead of na by averaging ta.tr(true) via manual SMA.
Parameters:
length (simple int) : Number of bars back (length).
Returns: Average true range.
rsi(source, length)
Relative strength index. It is calculated using the ta.rma() of upward and downward changes of source over the last length bars. This adapted version extends ta.rsi to start without delay at first bar and deliver usable data instead of na.
Parameters:
source (float) : Series of values to process.
length (simple int) : Number of bars back (length).
Returns: Relative Strength Index.
Cerca negli script per "weekly"
Market Analysis Assistant This indicator uniquely maps and interprets key market conditions using Moving Averages, MACD, RSI, and Bollinger Bands. Unlike traditional indicators that only display visual signals, this tool provides written analysis directly on your chart as soon as specific conditions are met. This feature makes it easier to understand the market’s current state and anticipate potential moves.
Why Moving Averages? Moving Averages are essential for identifying the overall trend of the market. By analyzing the 200, 20, and 9-period Moving Averages, this indicator helps traders quickly determine whether the market is in an uptrend, downtrend, or sideways phase. The integration of multiple averages offers a comprehensive view, allowing for more accurate trend identification.
Why MACD? The MACD is a powerful tool for spotting trend reversals and momentum shifts. By monitoring MACD crossovers, divergences, and the position of the MACD line relative to the zero line, this indicator helps you identify potential changes in the trend direction before they fully develop, giving you a critical edge.
Why RSI? RSI is crucial for understanding the market's overbought and oversold conditions. By tracking RSI levels and its crossover with its moving average, this indicator provides early warnings for potential trend reversals or continuations, helping you time your entries and exits more effectively.
Why Bollinger Bands? Bollinger Bands are used to measure market volatility and identify breakout opportunities. By analyzing the price’s relationship with the upper and lower bands, this indicator helps traders spot potential overbought or oversold conditions, as well as possible breakout scenarios, offering a clear view of market dynamics.
Trend Identification (getTrend()): Detects whether the market is in an uptrend, downtrend, or sideways phase by analyzing the position of the price relative to the 200, 20, and 9-period moving averages.
MACD Analysis (analyzeMACD()): Identifies potential trend reversals or continuations through MACD divergence, crossovers, and the MACD signal line's position relative to the zero line.
RSI Monitoring (analyzeRSI()): Detects overbought and oversold conditions and anticipates trend continuation or corrections based on RSI crossings with its moving average.
Trap Zone Detection (analyzeTrapZone()): Highlights areas of potential price consolidation between the 20 and 200-period moving averages, indicating possible breakouts.
Bollinger Bands Analysis (analyzeBollingerBands()): Analyzes the price’s relationship with Bollinger Bands to identify overbought/oversold conditions, breakouts, and potential trend continuations or correction.
Fibonacci retracement will also check the moment the price tests a monthly or daily weekly Fibonacci retracement
What Makes This Indicator Unique?
This indicator stands out by transforming complex technical analysis into clear, written insights directly on your chart. As soon as specific conditions are met—such as a MACD crossover or an RSI overbought/oversold level—this tool immediately displays a written summary of the event, helping traders to quickly understand and act on market developments.
How to Use My Indicator:
The indicator is designed to provide detailed, real-time market condition analysis using Moving Averages, MACD, RSI, and Bollinger Bands. When certain market conditions are met, such as the price testing a specific moving average or the MACD indicating a potential reversal, the indicator displays this information in written form directly on the chart, in both English and Portuguese.
How to Interpret the Displayed Information:
The information displayed by the indicator can be used for:
Identifying Support and Resistance: The indicator can help identify when the price is testing an important support or resistance level, such as a moving average or a Fibonacci level, allowing the user to decide whether to enter or exit a position.
Trend Detection: If the indicator shows that the price is above the 200, 20, and 9-period moving averages, this may be a sign of an uptrend, indicating that the user should consider maintaining or opening buy positions.
Correction Signals: When the MACD indicates a potential correction, the user may decide to protect their profits by adjusting stops or even exiting the position to avoid losses.
Identifying Overbought/Oversold Conditions: Based on the RSI, the indicator can alert to overbought or oversold conditions, helping the user avoid entering a trade at an unfavorable time.
Example of Use:
the indicator shows several important pieces of information, such as:
"US100 Price is at the 50.0% Fibonacci level (Last Monthly)."
This suggests that the price is testing a significant Fibonacci level, which could be a point of reversal or continuation. A trader can use this information to adjust their entry or exit strategy.
"DXY RSI below 30: Indication of oversold condition"
This indicates that the DXY is in an oversold condition, which might suggest an upcoming bullish reversal. A trader could consider this when trading DXY-related assets.
"Bullish Trend: Price is above the 200, 20, and 9-period moving averages."
This confirms an uptrend, giving the user more confidence to hold long positions.
Availability:
This indicator is available in two languages: English and Portuguese. It is ideal for traders who prefer analysis in English as well as those who prefer it in Portuguese, making it a versatile and accessible tool for traders from different backgrounds
Este indicador mapeia e interpreta de forma única as principais condições de mercado utilizando Médias Móveis, MACD, RSI e Bandas de Bollinger. Ao contrário dos indicadores tradicionais que apenas exibem sinais visuais, esta ferramenta oferece uma análise escrita diretamente no seu gráfico assim que determinadas condições são atendidas. Isso facilita o entendimento do estado atual do mercado e a antecipação de possíveis movimentos.
Por que Médias Móveis? As Médias Móveis são essenciais para identificar a tendência geral do mercado. Ao analisar as Médias Móveis de 200, 20 e 9 períodos, este indicador ajuda os traders a determinarem rapidamente se o mercado está em tendência de alta, baixa ou em fase lateral. A integração de múltiplas médias oferece uma visão abrangente, permitindo uma identificação mais precisa das tendências.
Por que MACD? O MACD é uma ferramenta poderosa para identificar reversões de tendência e mudanças de momentum. Monitorando os cruzamentos do MACD, divergências e a posição da linha MACD em relação à linha zero, este indicador ajuda você a identificar possíveis mudanças na direção da tendência antes que elas se desenvolvam completamente, dando-lhe uma vantagem crítica.
Por que RSI? O RSI é crucial para entender as condições de sobrecompra e sobrevenda do mercado. Acompanhando os níveis do RSI e seu cruzamento com sua média móvel, este indicador fornece avisos antecipados para possíveis reversões ou continuações de tendência, ajudando você a cronometrar suas entradas e saídas de forma mais eficaz.
Por que Bandas de Bollinger? As Bandas de Bollinger são usadas para medir a volatilidade do mercado e identificar oportunidades de rompimento. Ao analisar a relação do preço com as bandas superior e inferior, este indicador ajuda os traders a identificar condições de sobrecompra ou sobrevenda, bem como possíveis cenários de rompimento, oferecendo uma visão clara da dinâmica do mercado.
Identificação de Tendências (getTrend()): Detecta se o mercado está em tendência de alta, baixa ou em fase lateral, analisando a posição do preço em relação às médias móveis de 200, 20 e 9 períodos.
Análise de MACD (analyzeMACD()): Identifica possíveis reversões ou continuações de tendência através de divergências do MACD, cruzamentos, e a posição da linha de sinal do MACD em relação à linha zero.
Monitoramento do RSI (analyzeRSI()): Detecta condições de sobrecompra e sobrevenda e antecipa a continuação da tendência ou correções com base nos cruzamentos do RSI com sua média móvel.
Detecção de Zona de Armadilha (analyzeTrapZone()): Destaca áreas de possível consolidação de preços entre as médias móveis de 20 e 200 períodos, indicando possíveis rompimentos.
Análise das Bandas de Bollinger (analyzeBollingerBands()): Analisa a relação do preço com as Bandas de Bollinger para identificar condições de sobrecompra/sobrevenda, rompimentos e possíveis continuações de tendência ou correção.
A retração de Fibonacci também verificará o momento em que o preço testa uma retração de Fibonacci semanal mensal ou diária
O que Torna Este Indicador Único?
Este indicador se destaca por transformar análises técnicas complexas em insights escritos claros diretamente no seu gráfico. Assim que condições específicas são atendidas—como um cruzamento do MACD ou um nível de sobrecompra/sobrevenda do RSI—esta ferramenta exibe imediatamente um resumo escrito do evento, ajudando os traders a entenderem e agirem rapidamente sobre as mudanças do mercado.
Como Utilizar o Meu Indicador:
O indicador foi desenvolvido para oferecer uma análise detalhada e em tempo real das condições de mercado, utilizando os conceitos de Médias Móveis, MACD, RSI e Bandas de Bollinger. Quando certas condições de mercado são atingidas, como o preço testando uma média móvel específica ou o MACD indicando uma possível reversão, o indicador exibe essas informações de forma escrita diretamente no gráfico, em inglês e português.
Como Interpretar as Informações Exibidas:
As informações exibidas pelo indicador podem ser usadas para:
Identificação de Suportes e Resistências: O indicador pode ajudar a identificar quando o preço está testando um nível de suporte ou resistência importante, como uma média móvel ou um nível de Fibonacci, permitindo ao usuário decidir se deve entrar ou sair de uma posição.
Detecção de Tendências: Se o indicador mostra que o preço está acima das médias móveis de 200, 20 e 9 períodos, isso pode ser um sinal de uma tendência de alta, indicando que o usuário deve considerar manter ou abrir posições de compra.
Sinais de Correção: Quando o MACD indica uma possível correção, o usuário pode decidir proteger seus lucros ajustando os stops ou até mesmo saindo da posição para evitar perdas.
Identificação de Condições de Sobrecompra/Sobrevenda: Com base no RSI, o indicador pode alertar sobre condições de sobrecompra ou sobrevenda, ajudando o usuário a evitar entrar em uma operação em um momento desfavorável.
Exemplo de Utilização:
o indicador mostra várias informações importantes, como:
"O preço do US100 está no nível de Fibonacci de 50,0% (mês passado)."
Isso sugere que o preço está testando um nível significativo de Fibonacci, o que pode ser um ponto de reversão ou continuação. Um trader pode usar essa informação para ajustar sua estratégia de entrada ou saída.
DXY RSI abaixo de 30: Indicação de condição de sobrevenda"
Isso indica que o DXY está em uma condição de sobrevenda, o que pode sugerir uma reversão de alta em breve. Um trader pode considerar isso ao fazer operações relacionadas ao DXY.
"Tendência de alta: o preço está acima das médias móveis de 200, 20 e 9 períodos."
Isso confirma uma tendência de alta, dando ao usuário mais confiança para manter posições longas.
Disponibilidade:
Este indicador está disponível em dois idiomas: inglês e português. Ele é ideal tanto para traders que preferem análises em inglês quanto para aqueles que preferem em português. Isso o torna uma ferramenta versátil e acessível para traders de diferentes origens.
Money Flow DivergenceThe Money Flow Divergence indicator is designed to help traders identify periods when there is a significant divergence between the growth of the U.S. M2 money supply and the S&P 500 index (SPX).
This divergence can provide insights into potential market turning points, making it a valuable tool for long-term investors and traders looking to capitalize on macroeconomic trends.
How It Works:
Data Sources:
S&P 500 Index (SPX) and U.S. M2 Money Supply.
Calculating Growth Rates:
SPX Growth: The script calculates the percentage growth of the S&P 500 index by comparing the current closing price with the previous period's closing price.
M2 Growth: Similarly, it calculates the percentage growth of the U.S. M2 money supply by comparing the current value with the previous period's value.
Growth Gap/Delta:
Growth Gap: The core of the indicator is the "growth gap" or "delta," which is the difference between the M2 money supply growth and the SPX growth. This gap indicates whether liquidity in the economy (represented by M2) is outpacing or lagging behind the performance of the stock market.
Interpretation:
Positive Gap (Green Bars): When the M2 growth outpaces SPX growth, the gap is positive, indicating that there is more liquidity in the system than what is being reflected in the stock market. This scenario often signals potential upward momentum in the market, making it a good time to consider buying.
Negative Gap (Red Bars): When the SPX growth outpaces M2 growth, the gap is negative, suggesting that the market may be overextended relative to the available liquidity. This can be a warning sign of potential market corrections or downturns.
Visualization:
The indicator plots the growth gap as a histogram with bars colored based on the gap value:
Green Bars: Indicate a positive gap where M2 growth is higher than SPX growth.
Red Bars: Indicate a negative gap where SPX growth is higher than M2 growth.
The bars are thickened for better visibility, and a horizontal line at zero is plotted to help users easily distinguish between positive and negative gaps.
How To Use It:
Time Frame Selection: Users can select the desired time frame (e.g., monthly, weekly) for the data. This flexibility allows traders to analyze the indicator over different periods, depending on their investment horizon.
Monthly time frames seem to work best.
Interpreting the Indicator:
Bullish Signals: Look for sustained periods of positive growth gaps (green bars), which may indicate a favorable environment for buying or holding long positions.
Bearish Signals: Be cautious during periods of negative growth gaps (red bars), which could signal overvaluation in the market or potential pullbacks.
Enjoy and let me know if you have any questions.
MTOBVR_CheckOverview.
This indicator checks to see if the OBV follows a specific pattern and visually displays the trend of the OBV on different time legs. It also has the ability to set alerts when certain conditions are met.
How to use
Setting up the indicator
Add a new indicator on a chart in TradingView.
Copy the code into the “Pine Script™ Editor” and save it as a new script.
Apply the script to your chart.
Indicator Functions
OBV Calculation
Calculates OBV for each time frame (5-minute, 15-minute, 30-minute, 1-hour, 4-hour, daily, and weekly) and displays it on the chart OBV is an indicator that combines price changes and trading volume.
Pattern Detection
Detects whether a particular pattern, such as a double or triple bottom, appears in the OBV. This allows us to identify buy or sell signals.
When these patterns are detected, the background color changes.
Background Color Change
When an OBV forms a particular pattern, the background color of the chart changes. This provides visual confirmation that a pattern has appeared.
Minimum pattern (min_bool): when the 5-, 15-, and 30-minute conditions for OBV are met.
High hourly pattern (h_bool): when the condition is met for the 1-hour, 4-hour, and daily legs of the OBV.
One-week pattern (range_obv_1w_bool): when the condition is met for the 1-week OBV pattern.
When all conditions are met: when the minimum pattern, high hourly pattern, and one-week pattern are all met.
Alert Settings
You can set alerts when certain conditions are met. This allows you to receive signals in real time.
Minimum conditions (min_bool): conditions at 5, 15, and 30 minutes of OBV.
High timeframe condition (h_bool): condition on the 1-hour, 4-hour, and daily legs of the OBV.
When all conditions are met: When all of the above conditions are met.
One-week condition (range_obv_1w_bool): Condition for the one-week leg of the OBV.
When all conditions are met: when the minimum, high time leg, and one week conditions are all met.
Arrows
OBV_ALL_UP: A green triangle arrow is displayed when the OBV is rising on all time legs.
OBV_ALL_DOWN: A red triangle arrow appears when the OBV is falling on all time legs.
Usage Notes
Time Leg Settings: This script uses OBVs of different time legs to detect patterns. Depending on the time leg used, appropriate settings and interpretation are required.
Alert settings: In order to activate the alert function, the alert conditions and notification method must be configured using TradingView's alert system.
This indicator allows you to visually see trends and patterns in the OBV across multiple time frames, allowing you to make more informed trading decisions.
Candle Based Trend Reversal (Multi-Timeframe)Candle-Based Trend Reversal (Multi-Timeframe)
Description:
This indicator is designed to help traders identify potential trend reversals by analyzing candle patterns across multiple timeframes. The script uses two sets of conditions to determine bullish and bearish trends:
1. Short-Term Lookback: A shorter lookback period is used to detect initial signs of a trend reversal. The indicator checks for a specific number of bullish or bearish candles within this period. The lookback period for this set can be adjusted according to your preferences.
2. Long-Term Lookback: A longer lookback period is used to confirm the strength of the trend reversal. This additional check ensures that the trend change is significant and not just a short-term fluctuation. The lookback period for this set is also customizable to fit different trading strategies.
When both conditions are met, the script will color the candles accordingly and display a label on the chart to indicate a potential trend reversal. The colors and symbols for bullish and bearish signals are fully customizable in the settings.
How It Works:
* The script examines the closing prices of candles within the specified lookback periods.
* If the conditions for both lookback periods are met, it triggers a signal by changing the color of the candles and displaying a label.
* Once a signal is triggered, the trend (bullish or bearish) will remain active until a new opposing signal is generated.
* The lookback periods for both the short-term and long-term conditions can be modified, allowing you to tailor the indicator to different market conditions and timeframes.
* This helps traders visually identify when a trend reversal might be occurring based on recent price action.
Usage:
* This indicator is particularly effective on monthly, weekly, daily, and hourly charts.
* Simply switch the timeframe, and the indicator will do the rest.
* Look for colored candles and labels to spot potential reversal points.
* The last signal (bullish or bearish) will stay in effect until a contrary signal is given, allowing you to maintain a clear view of the prevailing trend.
* Customize the lookback periods to match your trading style and market conditions.
* This indicator is most effective when used in conjunction with other technical analysis tools.
Uptrend & SMAThe "Uptrend and Close to SMA" indicator is designed to help traders identify when the price of a stock is in an uptrend and is trading near its Simple Moving Average (SMA) over a user-defined period. The indicator uses multi-timeframe analysis, allowing the user to select different timeframes for calculating the SMA.
Key Features:
SMA Calculation: The indicator calculates the SMA for a selected timeframe (e.g., daily, weekly, monthly) based on a user-specified period (default is 150 periods).
Multi-Timeframe Options: Users can choose between multiple timeframes (1 day, 1 week, 1 month, 3 months, 6 months, 12 months) to calculate the SMA, providing flexibility in trend analysis.
Proximity Threshold: The indicator includes a proximity threshold in percentage terms, allowing users to define how close the real-time price needs to be to the SMA to trigger a visual alert.
Uptrend Identification: The indicator identifies an uptrend when the real-time price is above the selected SMA.
Visual Alerts: If the price is above the SMA and within the defined proximity threshold, the background color of the chart will change to green, signaling that the stock is in an uptrend and close to the SMA.
Alert Condition: The indicator includes an alert condition that triggers when the price is in an uptrend and within the proximity threshold, allowing traders to be notified when their criteria are met.
Percentage Difference Display: A table displays the percentage difference between the real-time price and the SMA, providing a quick reference to see how far the price is from the SMA in percentage terms.
This indicator is especially useful for traders looking for potential buying opportunities when a stock is trending upwards but still near its moving average, indicating potential continuation or momentum.
Uptrick: Momentum Channel Indicator
### 🌟 **Uptrick: Momentum Channel Indicator (MC_Ind)** 🌟
The **"Uptrick: Momentum Channel Indicator"** is a powerful tool designed to help traders gauge market momentum and identify potential overbought or oversold conditions. Whether you're a day trader, swing trader, or long-term investor, this indicator can be your compass 🧭 in the complex world of trading.
### 🎯 **Purpose of the Indicator**
The primary goal of the **Momentum Channel Indicator** is to measure the deviation of price from its moving average (the mid-point) and to smooth this deviation to identify momentum shifts. By plotting overbought and oversold levels, the indicator helps traders spot potential reversal points where the market might change direction, offering valuable entry or exit signals.
### 🔧 **Inputs & Parameters**
Let's break down the input parameters that you can adjust to tailor the indicator to your trading style:
1. **`length1` (Channel Length) 📏**: This is the period over which the moving average (mid-point) and price deviation are calculated. The default value is 14, meaning the last 14 bars are considered for calculations.
2. **`length2` (Smoothing Length) 🧘**: This parameter controls the smoothing of the channel index, with a default value of 28. The higher the value, the smoother the momentum line, reducing noise and making trends more visible.
3. **`overbought1` & `overbought2` (Overbought Levels) 🔴**: These levels, set at 70 and 65 by default, represent the threshold above which the market is considered overbought, potentially signaling a selling opportunity.
4. **`oversold1` & `oversold2` (Oversold Levels) 🟢**: Similarly, these levels, set at -70 and -65, mark the threshold below which the market is considered oversold, indicating a potential buying opportunity.
### 🛠️ **How the Indicator Works**
Now, let's dive into the mechanics of the Momentum Channel Indicator:
1. **Mid-Point Calculation 🏁**: The mid-point is calculated using a simple moving average (SMA) of the closing prices over the `length1` period. This mid-point acts as a reference line from which deviations are measured.
2. **Price Deviation 📊**: The price deviation is the absolute difference between the closing price and the mid-point, smoothed over the same period (`length1`). This represents the typical price movement away from the mid-point.
3. **Channel Index 📉**: The channel index is calculated by dividing the price deviation by a fraction (0.01) of the mid-point, providing a normalized measure of how far the price has deviated from the average.
4. **Smoothing of the Channel Index 🌊**: The smoothed index (`mci1`) is calculated by applying a smoothing filter (SMA) over the channel index using the `length2` parameter. This helps reduce noise and highlight the true momentum of the market.
5. **Momentum Lines 📈**:
- **`mci1`**: The main momentum line, representing the smoothed channel index.
- **`mci2`**: A secondary momentum line, which is a further smoothed version of `mci1` using a 6-period SMA.
6. **Signal Lines 🚦**:
- **Overbought & Oversold Levels**: Horizontal lines plotted at `overbought1`, `overbought2`, `oversold1`, and `oversold2` levels serve as visual cues for overbought and oversold conditions.
- **Zero Line**: A central reference line at 0, indicating neutral momentum.
### 📈 **How to Use the Indicator**
#### 1. **Day Traders ⚡**
For day traders, the Momentum Channel Indicator can be a quick signal generator for short-term trades. Here's how you can use it:
- **Identify Entry Points 🎯**: Look for a **bullish crossover** when `mci1` crosses above `mci2` from below the `oversold1` level. This signals a potential upward reversal.
- **Spot Exit Points 🏁**: Watch for a **bearish crossunder** when `mci1` crosses below `mci2` from above the `overbought1` level. This could indicate a downward reversal.
- **Scalping 🔄**: In a fast-moving market, use the indicator to scalp by entering and exiting trades at these crossover points, with a tight stop-loss strategy.
#### 2. **Swing Traders 🎢**
Swing traders benefit from using the Momentum Channel Indicator to identify potential reversal points over a longer period:
- **Trend Confirmation 📊**: Use the smoothing effect of `mci2` to confirm trends. If `mci2` remains consistently above 0, it indicates a strong bullish trend, and vice versa.
- **Overbought/Oversold Reversals 🚀**: Enter trades when the price approaches the overbought or oversold levels (`overbought1`, `oversold1`). Combine this with other indicators, such as RSI, for more reliable signals.
- **Hold Positions 🧗**: Let the momentum lines guide your hold strategy. If the momentum lines stay aligned (both `mci1` and `mci2` are moving in the same direction), consider holding the position until a crossover or reversal signal appears.
#### 3. **Long-Term Investors 🏦**
For long-term investors, the Momentum Channel Indicator helps in fine-tuning entry and exit points based on broader market momentum:
- **Divergence Analysis 📐**: Look for divergence between the price and the momentum lines. If the price makes new highs but the momentum lines do not, it could signal a weakening trend and a potential reversal.
- **Strategic Entry/Exit 🏹**: Use the `overbought2` and `oversold2` levels to strategically enter or exit positions. These secondary levels provide an early warning before the market reaches extreme conditions.
- **Risk Management 🛡️**: The indicator can also be used as part of a risk management strategy by identifying when to reduce exposure in overbought markets or increase exposure in oversold markets.
### 🖼️ **Visualization & Interpretation**
The Momentum Channel Indicator is visually intuitive, with each component providing key insights:
1. **Momentum Lines (MCI1 & MCI2) 📈**:
- **Blue Line (`mci1`)**: Represents the main momentum line, providing immediate insights into market direction.
- **Orange Line (`mci2`)**: A secondary momentum line, further smoothed to confirm trends.
2. **Overbought/Oversold Levels 🔴🟢**:
- **Solid & Dashed Lines**: These lines highlight overbought and oversold regions, guiding traders on when to consider entering or exiting trades.
3. **MCI Difference (Purple Area) 🌌**:
- **Shaded Area**: The difference between `mci1` and `mci2`, shaded in purple, helps visualize the strength of the momentum. The larger the shaded area, the stronger the momentum.
### 🚀 **Advanced Tips & Tricks**
For those looking to maximize the potential of the Momentum Channel Indicator, here are some advanced strategies:
1. **Combine with Volume Indicators 📊**: Use volume indicators like OBV (On-Balance Volume) or Volume Oscillator to confirm momentum signals. For instance, a bullish crossover combined with increasing volume can reinforce a buy signal.
2. **Multiple Timeframe Analysis 🕒**: Apply the Momentum Channel Indicator across multiple timeframes (e.g., daily and weekly) to get a more comprehensive view of the market. This can help in aligning short-term trades with long-term trends.
3. **Adjusting Parameters 🔄**: Depending on market conditions, tweak the `length1` and `length2` parameters. In a highly volatile market, shorter lengths might provide quicker signals, whereas in a stable market, longer lengths could smooth out noise.
4. **Divergence & Convergence 📐**: Watch for divergence between price and momentum lines as a leading indicator of potential reversals. Convergence (when the price and momentum move in sync) can confirm the strength of the trend.
### **Conclusion**
The **Uptrick: Momentum Channel Indicator** is a versatile tool that can be customized for various trading styles and market conditions. Whether you're trading in fast-paced environments or analyzing long-term trends, this indicator offers a clear and intuitive way to gauge market momentum, identify potential reversals, and make informed trading decisions.
By understanding and applying the principles outlined above, you can harness the full power of this indicator, transforming your trading strategy from good to great! 🌟
Commitment of Trader %RThis script is a TradingView Pine Script that creates a custom indicator to analyze Commitment of Traders (COT) data. It leverages the TradingView COT library to fetch data related to futures and options markets, processes this data, and then applies the Williams %R indicator to the COT data to assist in trading decisions. Here’s a detailed explanation of its components and functionality:
Importing and Configuration:
The script imports the COT library from TradingView and sets up tooltips to explain different input options to the user.
It allows the user to choose the mode for fetching COT data, which can be based on the root of the symbol, base currency, or quote currency.
Users can also input a specific CFTC code directly, instead of relying on automatic code generation.
Inputs and Parameters:
The script provides inputs to select the type of data (futures, options, or both), the type of COT data to display (long positions, short positions, etc.), and thresholds for the Williams %R indicator.
It also allows setting the period for the Williams %R calculation.
Data Request and Processing:
The dataRequest function fetches COT data for large traders, small traders, and commercial hedgers.
The script calculates the Williams %R for each type of trader, which measures overbought and oversold conditions.
Visualization:
The script uses background colors to highlight when the Williams %R crosses the specified thresholds for commercial hedgers.
It plots the COT data and Williams %R on the chart, with different colors representing large traders, small traders, and commercial hedgers.
Horizontal lines are drawn to indicate the upper and lower thresholds.
Display Information:
A table is displayed on the chart’s lower left corner showing the current COT data and CFTC code used.
Use of COT Report in Futures Trading
The COT report is a weekly publication by the Commodity Futures Trading Commission (CFTC) that provides insights into the positions held by different types of traders in the futures markets. This information is valuable for traders as it shows:
Market Sentiment: By analyzing the positions of commercial traders (often considered to be more informed), non-commercial traders (speculative traders), and small traders, traders can gauge market sentiment and potential future movements.
Contrarian Indicators: Large shifts in positions, especially when non-commercial traders hold extreme positions, can signal potential reversals or trends.
Research on COT Data and Price Movements
Several academic studies have examined the relationship between COT data and price movements in financial markets. Here are a few key works:
"The Predictive Power of the Commitment of Traders Report" by Jacob J. (2009):
This paper explores how changes in the positions of different types of traders in the COT report can predict future price movements in futures markets.
Citation: Jacob, J. (2009). The Predictive Power of the Commitment of Traders Report. Journal of Futures Markets.
"A New Look at the Commitment of Traders Report" by Mitchell, C. (2010):
Mitchell analyzes the efficacy of using COT data as a trading signal and its impact on trading strategies.
Citation: Mitchell, C. (2010). A New Look at the Commitment of Traders Report. Financial Analysts Journal.
"Market Timing Using the Commitment of Traders Report" by Kirkpatrick, C., & Dahlquist, J. (2011):
This study investigates the use of COT data for market timing and the effectiveness of various trading strategies based on the report.
Citation: Kirkpatrick, C., & Dahlquist, J. (2011). Market Timing Using the Commitment of Traders Report. Technical Analysis of Stocks & Commodities.
These studies provide insights into how COT data can be utilized for forecasting and trading decisions, reinforcing the utility of incorporating such data into trading strategies.
Open Lines (Daily/W/M/Q/Yearly)Overview
This script draws horizontal lines based on the opening prices of daily, weekly, monthly, quarterly, and yearly candles. A unique feature of this script is the ability to overlay lines from previous periods onto the current period. For example, it can draw the opening price line of the current month as well as the line from the previous month. This allows you to observe not only the battle between bullish and bearish candles of the current period but also the battle over whether the current candle engulfs the previous candle.
Settings
1. Common Settings for Daily to Yearly
On: Toggles the line drawing ON/OFF.
Line: Sets how many periods back the line should be drawn from the current period.
Extend: Sets how many periods into the future the lines from past candles should be extended.
Typically, an Extend value of 1 is sufficient, but you can increase this value if you want to observe engulfing patterns spanning multiple periods.
2. Style Settings
To differentiate between the current and past lines, the following settings are available:
Current session line style: Sets the style for the line representing the opening price of the current candle.
Next session line style: Sets the style for the line representing the opening price of past candles.
Available styles are as follows:
sol: solid line
dsh: dashed line
dot: dotted line
3. Other Settings
Allow overlapping of different session lines: By default, this setting prevents overlapping lines when candles from different periods open at the same time. Enabling this option allows lines from different periods, such as quarterly and monthly, to be drawn simultaneously if they overlap. By default, only the lines from the higher time frame are drawn.
Curious Buy - Sell Indicator - Institutional Zones (Smart Money)How the Script Works:
1. The Scripts identifies Institutional Demand , Supply & Neutral Zones with FIBS on the scripts with Rectangle BOX with labels in advance. User can insert desired start and end value to plot institutional zones
2. Script generates BUY - SELL signals shape based on candle stick formation in live market and labels with BUY - SELL image for easy identification
3. Script gives pop message EXIT SHORT once Buy spotted and candle close above the buy signal and same way EXIT LONG once Sell spotted and candle close below the buy signal
4. Scripts identifies the candle closing above the BUY - SELL signals Eg - If buy spotted the candle closing above the BUY signal with display with BLUE color Candle same way for sell signal the candle closing below the sell signal candle with display with BLACK color candle.
5. Script spots fake signals which are not valid and can be ignored by the end user
6. Three EMA's 20,50,200 has implemented to identify the strength of the market
7. Scripts identifies OPEN = LOW & OPEN = HIGH candle stick to spot the Institutional BUY - SELL activity
8. The script provides visual clues on the chart to help users identify potential trading opportunities.
9. The script provides visual clues on the chart to help users identity potential trading opportunities in live market
10. The looks and parameters of the script can be modified by end user to customize and adapt to different strategy.
11. With the script user can check higher time frame DAILY \ WEEKLY BUY - SELL signals to plan intraday trades and plan safe BUY - SELL positions.
How Users Can Make Profit Using This Script:
1. Identify potential BUY - LONG opportunities: When a valid BUY is detected and condition is met, it is suggested to opening BUY position with stoploss below the BUY signal spotted candle.
Safe users can execute BUY position once BLUE COLOR candle is formed, Wait for pull back to reduce the stoploss
2. Identify potential SELL - SHORT opportunities: When a valid SELL is detected and condition is met, it suggests a potential opening SELL positions with stoploss above the BUY signal spotted candle. Safe users can execute SELL position once BLACK COLOR candle is formed, Wait for pull back to reduce the stoploss.
3. Script generated BUY - SELL signal met target with the Institutional zone. Eg if BUY spotted at demand zone target will be neutral zone & Supply zone.
4. Script designed for user to spot high probability trades when BUY SIGNAL SPOTTED at the Institutional Demand zone same way SELL SIGNAL SPOTTED AT INSTITUTIONAL supply zone.
5. Combine with additional analysis: Users can utilize this script as a tool in their overall trading strategy. They can combine the signals with fundament analysis , market sentiment to make more informed trading decision
6.Set risk management measures: It is important for users to implement proper risk management strategies when trading based on the scripts signals. To avoid potential losses user once spotted BUY - SELL execute the long or short position. Ensure to place the stoploss to avoid potential losses and place the target. Once your trade is moving in your favor
can trial your stoploss to cost and protect the profits.
Relative Strength NSE:Nifty for TF CommunityThis is a modified version of the Relative Strength Indicator (No confusion with RSI) originally by in.tradingview.com/u/modhelius/ based on The indicator calculates the relative strength between a selected stock and a comparative symbol (typically a market index like NSE:NIFTY).
Relative strength (RS) compares the performance of two assets, typically a stock and a market index, by dividing their percentage changes over a specific period. This indicator oscillates around zero:
- Greater than 0: Indicates the stock has outperformed the comparative symbol.
- Less than 0: Indicates the stock has underperformed the comparative symbol.
Key Enhancements:
This Relative Strength Indicator offers practical features to automatically adjusts the comparison period based on the chart’s timeframe, whether daily, weekly, or monthly, so you don’t have to make manual changes.
Secondly, if the selected stock has fewer bars than the comparison period, the indicator uses the shorter period to ensure accurate results. The default colors are hardcoded so they look fine for both dark and white themes, but of course can be changed.
You can customise the settings to fit your needs. The default period is set to 50/52, and the comparative symbol is NSE:NIFTY, but both can be changed. There’s also an option to toggle a moving average on or off, providing a smoother visual representation.
MTF - Quantum Fibonacci ATR/ADR Levels & Targets**Indicator Overview:**
The *Quantum Fibonacci Wave Mechanics* indicator is a powerful tool designed to help traders identify dynamic support, resistance, and target levels based on the Average True Range (ATR) and Average Daily Range (ADR). This indicator leverages Fibonacci ratios to calculate precise entry and target levels, providing a comprehensive approach to market analysis.
**Key Features:**
- **Dynamic ATR/ADR Levels:** Automatically calculate and plot ATR and ADR-based support and resistance levels, offering insight into market volatility and potential reversal zones.
- **Fibonacci-Based Entry Levels:** Calculate Fibonacci entry levels using the 0.618 ratio, helping traders find optimal points to enter trades.
- **Customizable Target Levels:** Set up to three target levels based on Fibonacci ratios (1.618, 2.618, 3.618), allowing for precise trade management.
- **Stop Loss Lines:** Plot stop loss lines derived from ATR and ADR calculations, ensuring risk is managed effectively.
- **EMA Integration:** Optionally plot an Exponential Moving Average (EMA) line for additional trend confirmation.
- **Customizable Color Settings:** Adjust the colors of all levels and signals to fit your charting preferences.
- **Bar Coloring Based on Signals:** Automatically color bars based on the latest buy or sell signal for easier visual identification.
- **Label Display for Key Levels:** Display labels on the chart for important levels such as entry points, target levels, and stop loss lines.
**How Users Can Benefit:**
This indicator is ideal for traders who want to blend the precision of Fibonacci analysis with the robustness of ATR/ADR calculations. Whether you're a day trader looking for short-term entry points or a swing trader seeking reliable support and resistance levels, this indicator offers a versatile toolset for enhancing your trading decisions.
**Customization Instructions:**
The *Quantum Fibonacci Wave Mechanics* indicator is highly customizable to suit different trading styles and preferences. Below is a guide on how to adjust the settings:
1. **General Settings:**
- **ADR Length:** Define the lookback period for calculating the ADR.
- **EMA Length:** Set the period for the Exponential Moving Average (EMA).
- **Timeframe:** Select the timeframe for which the levels will be calculated (e.g., daily, weekly).
2. **Display Settings:**
- **Show ATR Levels:** Toggle the display of ATR-based support and resistance levels.
- **Show ADR Levels:** Toggle the display of ADR-based support and resistance levels.
- **Show EMA Line:** Toggle the display of the EMA line.
- **Show Stop Loss Lines:** Display stop loss levels derived from ATR and ADR.
- **Show Middle Level Line:** Show the middle level between buy and sell stop loss lines.
- **Show Fibonacci Entry Levels:** Enable the display of Fibonacci-based entry levels.
- **Show Entry Signals:** Plot buy and sell signals based on the crossover of the entry levels.
- **Show Target Levels:** Display up to three target levels for both buy and sell signals.
- **Color Bars Based on Last Signal:** Automatically color bars according to the last signal (buy or sell).
3. **Fibonacci Settings:**
- **Entry Ratio (Fibonacci):** Adjust the Fibonacci ratio used for calculating entry levels (default is 0.618).
- **Target Ratios (Fibonacci):** Set the Fibonacci ratios for up to three target levels (default ratios are 1.618, 2.618, and 3.618).
4. **Color Settings:**
- **Support Levels:** Customize the color of the support lines.
- **Resistance Levels:** Customize the color of the resistance lines.
- **Stop Loss Levels:** Set the color for stop loss lines (default is red).
- **Buy Target Levels:** Set the color for buy target levels (default is white).
- **Sell Target Levels:** Set the color for sell target levels (default is yellow).
5. **Label Display Settings:**
- **Show Labels for The Levels:** Toggle the display of labels for the various levels on the chart.
**Usage Tips:**
- **Combining with Other Indicators:** Use this indicator in conjunction with other technical indicators such as RSI, MACD, or Bollinger Bands to confirm signals.
- **Adjusting to Different Timeframes:** Customize the `timeframeInput` to analyze different market conditions, from intraday to long-term trading.
- **Risk Management:** Utilize the stop loss levels to manage risk effectively, ensuring your trades are protected against adverse market movements.
**Disclaimer:**
*This indicator is provided for educational purposes only and should not be considered financial advice. Trading in financial markets involves risk, and past performance does not guarantee future results. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions. The creator of this indicator is not responsible for any financial losses that may occur from using this tool.*
Swing Trend AnalysisIntroducing the Swing Trend Analyzer: A Powerful Tool for Swing and Positional Trading
The Swing Trend Analyzer is a cutting-edge indicator designed to enhance your swing and positional trading by providing precise entry points based on volatility contraction patterns and other key technical signals. This versatile tool is packed with features that cater to traders of all timeframes, offering flexibility, clarity, and actionable insights.
Key Features:
1. Adaptive Moving Averages:
The Swing Trend Analyzer offers multiple moving averages tailored to the timeframe you are trading on. On the daily chart, you can select up to four different moving average lengths, while all other timeframes provide three moving averages. This flexibility allows you to fine-tune your analysis according to your trading strategy. Disabling a moving average is as simple as setting its value to zero, making it easy to customize the indicator to your needs.
2. Dynamic Moving Average Colors Based on Relative Strength:
This feature allows you to compare the performance of the current ticker against a major index or any symbol of your choice. The moving average will change color based on whether the ticker is outperforming or underperforming the selected index over the chosen period. For example, on a daily chart, if the 21-day moving average turns blue, it indicates that the ticker has outperformed the selected index over the last 21 days. This visual cue helps you quickly identify relative strength, a key factor in successful swing trading.
3. Visual Identification of Price Contractions:
The Swing Trend Analyzer changes the color of price bars to white (on a dark theme) or black (on a light theme) when a contraction in price is detected. Price contractions are highlighted when either of the following conditions is met: a) the current bar is an inside bar, or b) the price range of the current bar is less than the 14-period Average Daily Range (ADR). This feature makes it easier to spot price contractions across all timeframes, which is crucial for timing entries in swing trading.
4. Overhead Supply Detection with Automated Resistance Lines:
The indicator intelligently detects the presence of overhead supply and draws a single resistance line to avoid clutter on the chart. As price breaches the resistance line, the old line is automatically deleted, and a new resistance line is drawn at the appropriate level. This helps you focus on the most relevant resistance levels, reducing noise and improving decision-making.
5. Buyable Gap Up Marker: The indicator highlights bars in blue when a candle opens with a gap that remains unfilled. These bars are potential Buyable Gap Up (BGU) candidates, signaling opportunities for long-side entries.
6. Comprehensive Swing Trading Information Table:
The indicator includes a detailed table that provides essential data for swing trading:
a. Sector and Industry Information: Understand the sector and industry of the ticker to identify stocks within strong sectors.
b. Key Moving Averages Distances (10MA, 21MA, 50MA, 200MA): Quickly assess how far the current price is from key moving averages. The color coding indicates whether the price is near or far from these averages, offering vital visual cues.
c. Price Range Analysis: Compare the current bar's price range with the previous bar's range to spot contraction patterns.
d. ADR (20, 10, 5): Displays the Average Daily Range over the last 20, 10, and 5 periods, crucial for identifying contraction patterns. On the weekly chart, the ADR continues to provide daily chart information.
e. 52-Week High/Low Data: Shows how close the stock is to its 52-week high or low, with color coding to highlight proximity, aiding in the identification of potential breakout or breakdown candidates.
f. 3-Month Price Gain: See the price gain over the last three months, which helps identify stocks with recent momentum.
7. Pocket Pivot Detection with Visual Markers:
Pocket pivots are a powerful bullish signal, especially relevant for swing trading. Pocket pivots are crucial for swing trading and are effective across all timeframes. The indicator marks pocket pivots with circular markers below the price bar:
a. 10-Day Pocket Pivot: Identified when the volume exceeds the maximum selling volume of the last 10 days. These are marked with a blue circle.
b. 5-Day Pocket Pivot: Identified when the volume exceeds the maximum selling volume of the last 5 days. These are marked with a green circle.
The Swing Trend Analyzer is designed to provide traders with the tools they need to succeed in swing and positional trading. Whether you're looking for precise entry points, analyzing relative strength, or identifying key price contractions, this indicator has you covered. Experience the power of advanced technical analysis with the Swing Trend Analyzer and take your trading to the next level.
Market Breadth - AsymmetrikMarket Breadth - Asymmetrik User Manual
Overview
The Market Breadth - Asymmetrik is a script designed to provide insights into the overall market condition by plotting three key indicators based on stocks within the S&P 500 index. It helps traders assess market momentum and strength through visual cues and is especially useful for understanding the proportion of stocks trading above their respective moving averages.
Features
1. Market Breadth Indicators:
- Breadth 20D (green line): Represents the percentage of stocks in the S&P 500 that are above their 20-day moving average.
- Breadth 50D (yellow line): Represents the percentage of stocks in the S&P 500 that are above their 50-day moving average.
- Breadth 100D (red line): Represents the percentage of stocks in the S&P 500 that are above their 100-day moving average.
2. Horizontal Lines for Context:
- Green line at 10%
- Lighter green line at 20%
- Grey line at 50%
- Light red line at 80%
- Dark red line at 90%
3. Background Color Alerts:
- Green background when all three indicators are under 20%, indicating a potential oversold market condition.
- Red background when all three indicators are over 80%, indicating a potential overbought market condition.
Interpreting the Indicator
- Market Breadth Lines: Observe the plotted lines to assess the percentage of stocks above their moving averages.
- Horizontal Lines: Use the horizontal lines to quickly identify important threshold levels.
- Background Colors: Pay attention to background colors for quick insights:
- Green: All indicators suggest a potentially oversold market condition (below 20).
- Red: All indicators suggest a potentially overbought market condition (above 80).
Troubleshooting
- If the indicator does not appear as expected, please contact me.
- This indicator works only on daily and weekly timeframes.
Conclusion
This Market Breadth Indicator offers a visual representation of market momentum and strength through three key indicators, helping you identify potential buying and selling zones.
Rally SpotterTitle: Long-Side Rally Detector – Quickly Spot Significant Upward Movements for In-Depth Analysis
Description:
Introducing the Long-Side Rally Detector or Rally Spotter, a powerful Pine Script designed to help traders and investors quickly identify areas on a chart where stocks have made significant upward rallies. This tool is perfect for anyone looking to easily locate these areas and conduct a deep study of the chart to uncover the underlying dynamics of these movements.
Purpose:
The primary goal of the Long-Side Rally Detector is to facilitate the identification of significant rallies, allowing you to delve deeper into the chart and gain valuable insights into market behavior. Once such an area is identified, you can perform a detailed analysis to understand:
When the Move Started: Pinpoint the exact moment the rally began.
How the Move Started: Analyze the initial triggers and catalysts for the upward movement.
The Chart Structure Before the Move: Examine the technical patterns and formations preceding the rally.
How the Volume Looked Like: Assess the volume dynamics and determine whether there was strong buying interest.
What Were the EPS, Sales Figures Before and After the Move: Investigate the fundamental metrics, such as earnings per share (EPS) and sales, to see how they align with the price movement.
Features:
Customizable Percentage Move: Set your preferred percentage increase to detect rallies, with a default value of 50%. This flexibility allows you to tailor the tool to various market conditions and trading strategies.
Adjustable Lookback Period: Define the lookback period in months (default is 3 months) to capture significant trends. The script intelligently adjusts the lookback period based on your chart's timeframe, whether daily, weekly, or monthly.
Focused on Upward Movements: Specifically engineered to identify long-side rallies, ensuring you capture only the most promising upward trends in stock prices.
Visual Highlighting: The script highlights areas on the chart where the stock has made the specified upward move, providing a clear and intuitive visual cue for analysis.
How to Use:
Apply the Script: Add the Long-Side Rally Detector to your TradingView chart.
Customize Settings: Use the input panel to adjust the percentage move and lookback period to fit your analysis needs.
Analyze with Confidence: Utilize the visual cues to identify significant upward movements and make informed trading decisions.
Ideal For:
Traders seeking to capitalize on momentum and trend-following strategies.
Investors looking to identify potential breakout opportunities in their portfolios.
Analysts interested in enhancing their technical analysis toolkit with a precise and customizable indicator.
Unlock the potential of your trading strategy with the Long-Side Rally Detector and stay ahead of the market by spotting key upward movements with ease! Conduct in-depth studies of identified areas to gain a comprehensive understanding of market dynamics.
Multi Timeframe Bull Market Support BandsMulti Timeframe Bull Market Support Bands (BMSB) Indicator
Concept and Functionality:
The Multi Timeframe Bull Market Support Bands (BMSB) indicator is a powerful tool designed to identify and visualize support levels across multiple timeframes simultaneously. The primary concept behind BMSB is to plot dynamic support bands derived from moving averages (MAs) that adapt to the prevailing bullish conditions across different timeframes. These bands act as support and resistance (S/R) levels, providing traders with critical insights into potential price bounce areas and market direction.
Key Features:
Multi Timeframe Analysis:
- The indicator plots bull market support bands for the following timeframes concurrently: Chart (with price prediction), 5 minutes (5m), 15 minutes (15m), 1 hour (1h or 60), 4 hours (4h or 240), Daily (D), 3 Days (3D), and Weekly (W).
- These bands allow traders to see how the price interacts with different support levels, potentially bouncing between them as it moves across timeframes.
Dynamic Band Visibility:
- Bands from shorter timeframes are only displayed in relevant higher timeframes:
- 5m is shown only in timeframes ≤ 15m.
- 15m is shown only in timeframes ≤ 1h.
- 1h is shown only in timeframes ≤ 4h.
- 4h is shown only in timeframes ≤ D.
- D and 3D are shown only in timeframes ≤ W.
- W is always shown.
Customizable Moving Averages:
- The period of the moving averages used to calculate the support bands can be adjusted. Any changes made will be applied across all bands to maintain consistency.
Future Band Prediction:
- If the current timeframe lacks sufficient bars to calculate a moving average, the indicator shows a blue line on the bar where the band will appear. When a new band appears on the current bar, it is highlighted in purple, allowing traders to notice the first value of the new band.
- These new bands can act as magnets, attracting price action. Knowing when a new band will appear helps traders anticipate whether the price will be drawn to the upcoming band or potentially break through it.
Benefits:
- Enhanced Market Insight: By layering support bands from multiple timeframes, traders gain a comprehensive view of market dynamics and potential bounce areas.
- Improved Decision-Making: The ability to see upcoming support bands and how the price interacts with them aids in making more informed trading decisions.
- Customization and Flexibility: Adjustable moving average periods ensure that the indicator can be tailored to fit various trading strategies and market conditions.
The Multi Timeframe Bull Market Support Bands indicator is a versatile and insightful tool for traders aiming to leverage multi-timeframe analysis to enhance their trading strategies and better understand market behavior.
Volume Insignts AnalyzerDescription:
The Volume Insight Analyzer is an advanced Pine Script designed for traders who want a comprehensive view of volume dynamics on their charts. This script combines multiple volume-based indicators to help identify key trading opportunities, including significant volume days, volume dry-ups, and pocket pivots.
Key Features:
VDU (Volume Dry-Up) Detection: Automatically identifies and marks days when the volume is significantly below its moving average, helping to spot potential breakout or breakdown points. Customizable volume thresholds allow for tailored analysis based on your trading strategy. The Volume Dry-Up label appears when the volume is substantially below its average level and the price is near a key moving average. This condition indicates a period of equilibrium between supply and demand, suggesting a potential low-risk entry point for traders.
Pocket Pivot Analysis using 5 and 10 Length Pocket Pivots: Highlights days with exceptionally high volume compared to recent history, indicating potential pocket pivots. Visual markers on the chart and volume bars color-coded for 5 and 10-day lengths. Pocket pivot points are identified when the volume on a given day exceeds the maximum volume observed over the past several days. Specifically, a 5-day pocket pivot point is marked when today's volume surpasses the highest selling volume of the last 5 days. A cluster of 5-day pocket pivot points within a base is a strong indicator of stock strength. Similarly, a 10-day pocket pivot point following a Volume Dry-Up (VDU) suggests a potential entry opportunity. Moreover, a pre-existing cluster of 5-day pocket pivot points before a 10-day pocket pivot point provides greater conviction in the trade.
Volume Moving Averages: Set different lengths for primary and secondary moving averages to track volume trends over daily, weekly, and monthly timeframes. Options to display moving average lines on the volume chart.
Volume Visualization:
a. Major and Minor Volume Bars: Option to display bars that are either above or below average volume levels. Adjustable settings to show or hide these bars based on user preference.
b. Volume Bar Coloring: Volume bars are color-coded based on significant volume thresholds, including green for bullish signals, red for bearish signals, and orange for volume dry-ups.
Volume Metrics Table: A customizable table that displays real-time volume metrics including Relative Volume (RVOL), Turnover, and the number of high volume days. The table can be oriented horizontally or vertically and styled according to your theme preferences.
Visual Indicators:
a) Volume Dry-Up (VDU) Labels: Clearly marked VDU events with textual annotations on the chart.
b) Bullish and Bearish Arrows: Arrows indicating potential bullish or bearish closes based on volume analysis, enhancing decision-making.
Customization Options:
a) Dark and Light Theme Support: Toggle between dark and light themes to match your chart settings.
b) Adjustable Parameters: Easily configure input settings such as volume thresholds, MA lengths, and table display options to fit your trading style.
How to Use:
Set Parameters: Adjust the script settings such as volume thresholds, moving average lengths, and display preferences according to your analysis needs.
Analyze Volume Patterns: Use the indicators and visual markers provided by the script to identify significant volume patterns and potential trading signals.
Monitor Metrics: Refer to the volume metrics table for a quick overview of key volume-related statistics and trends.
Make Informed Decisions: Utilize the visual cues and volume data provided by the script to enhance your trading strategy and make more informed decisions.
Disclaimer:
This script is for informational purposes only and should not be considered as trading advice. Use it in conjunction with other analysis tools and consult with a financial advisor if needed. Trading involves risk, and past performance does not guarantee future results.
Higher Timeframe Open High Low ClosePURPOSE
1. Multi-timeframe analysis (MTFA).
2. Better visualize intraday price action relative higher timeframe price action, and this is not limited to the current time frame or the higher time frame including current price movement.
3. Higher Timeframes provides an overview of the long-term trend (e.g., weekly or monthly charts).
4. Confirm trends occurring on more than one timeframe.
5. Improve choice of entry and exit points.
ORIGINALITY
1. Compare current lower time frame price movement to current or previous higher time frame movement. The user specifies in the settings the higher time frame (day, week, month, quarter, or year) and the associated price movement data, including OHLC, average prices, and moving average levels.
2. Previous time frames and all specified levels (OHLC, average prices, and moving averages) can be shifted together to overlay the current time frame. This allows analysis of lower/intraday price movement against that of any past higher time frames.
3. Use: In the settings, the current time frame (i.e., that including current price movement) 'count from current' is '0', a count of '1' would shift one higher level time frame such that the open date of that shifted time frame aligns with the open date of the current time frame. A count of '3' would shift three higher level time frames to align with the current."
4. Example: On the Wednesday July 24 intraday chart, overlay the daily OHLC, typical price, and 10-day EMA data occurring at the close of Wednesday July 17. This allows analyze current price movement against data from one week prior.
HIGHER TIMEFRAME DATA that can be PLOTTED and SHIFTED
1. Open, High, Low, Close.
2. Average prices: Median (HL/2), Typical (HLC/3), (Average OHLC/4), Body Median (OC/2), Weighted Close (HL2C/4), Biased 01 (HC/2 if Close > Open, else LC/2), Biased 02 (High if Close > HL/2, else Low), Biased 03 (High if Close > Open, else Low).
3. Moving averages with user specified source, length and type.
Previous Highs & Lows [LuxAlgo]The Previous Highs & Lows indicator highlights a user-set amount of previous maximum/minimum prices made within specific intervals, these are displayed as levels customizable levels.
Additionally, one upper and lower zone constructed from the previously displayed highs/lows is included, providing support/resistance areas.
🔶 USAGE
Previous highs/lows are often perceived as key trading levels with the potential of generating multiple reactions upon being reached.
While the daily interval is more commonly used, users can use different intervals, with the indicator supporting hourly, daily, weekly, monthly, and yearly intervals. Using higher intervals on low timeframes can return more distant levels relative to the most recent price, which might not be relevant.
Each level is numbered, with more recent previous highs/lows having a lower number associated with them, users can also highlight more recent levels through a transparency gradient.
Users can control the amount of previous highs/lows displayed using the "Show Last" settings, with a higher value providing more potential support/resistance. Returned previous highs/lows can eventually be filtered out based on their position by enabling the "Filter Based On Position" setting, only keeping previous highs above the current closing price and previous lows below the current closing price, giving more relevant levels as a result.
🔹 Previous High/Low Areas
The indicator includes two areas constructed from the respective percentiles of the returned previous highs/lows. These can be useful as more general support/resistance areas.
Wider areas are often indicative of a group of previous highs or lows being more dispersed, resulting in areas that are easier to reach. Wider areas can also be obtained by increasing the "Areas Width" setting.
Note: Areas will only be displayed if "Show Last" is greater than 1
🔶 SETTINGS
Show Last: Determines the amount of more recent previous highs and previous low levels displayed by the indicator.
Interval: Interval used to capture maximum/minimum price values,
Areas Width: Width of the displayed top/bottom areas, with higher values returning wider areas.
Filter Based On Position: When enabled only display previous highs above the current closing price and previous lows below the current closing price.
🔹 Style
Minimum Gradient Transparency: Minimum transparency value applied to the colors of the oldest displayed previous highs/lows levels.
Vlad Waves█ CONCEPT
Acceleration Line (Blue)
The Acceleration Line is calculated as the difference between the 8-period SMA and the 20-period SMA.
This line helps to identify the momentum and potential turning points in the market.
Signal Line (Red)
The Signal Line is an 8-period SMA of the Acceleration Line.
This line smooths out the Acceleration Line to generate clearer signals.
Long-Term Average (Green)
The Long-Term Average is a 200-period SMA of the Acceleration Line.
This line provides a broader context of the market trend, helping to distinguish between long-term and short-term movements.
█ SIGNALS
Buy Mode
A buy signal occurs when the Acceleration Line crosses above the Signal Line while below the Long-Term Average. This indicates a potential bullish reversal in the market.
When the Signal Line crosses the Acceleration Line above the Long-Term Average, consider placing a stop rather than reversing the position to protect gains from potential pullbacks.
Sell Mode
A sell signal occurs when the Acceleration Line crosses below the Signal Line while above the Long-Term Average. This indicates a potential bearish reversal in the market.
When the Signal Line crosses the Acceleration Line below the Long-Term Average, consider placing a stop rather than reversing the position to protect gains from potential pullbacks.
█ UTILITY
This indicator is not recommended for standalone buy or sell signals. Instead, it is designed to identify market cycles and turning points, aiding in the decision-making process.
Entry signals are most effective when they occur away from the Long-Term Average, as this helps to avoid sideways movements.
Use larger timeframes, such as daily or weekly charts, for better accuracy and reliability of the signals.
█ CREDITS
The idea for this indicator came from Fabio Figueiredo (Vlad).
Groupings [SS]Hey everyone,
Releasing this indicator called groupings.
If you watch/read my analyses on Tradingview, you will have heard me talk about groups. Groups is something I invented. What it is, is just taking the Euclidean Distance (ED) of the previous 5 candles in a specified period (i.e. daily timeframe, weekly, 1 minute, 5 minute, etc.) and rounding the ED up to a whole number.
I have had great success in this approach because the information provided is broad enough to give leniency in interpretation but narrow enough to hone in on potential moves and target prices.
This indicator is a simplified version of how I do groupings in other software, however it is no less powerful!
What do groups tell us?
A "group" takes into account the previous 5 candles, using the ED. This gives Pinescript a general idea of what the short term trend looks like mathematically. From there, Pinescript can look for other groups that looked similar to how this current trend looks. From there, it can offer us insights into what tends to happen in candles subsequent to this group. For example, the ATR range, the close range and whether it is bearish or bullish.
And that is precisely how this indicator operates, Pinescript will calculate the group of the previous 5 canndles in the timeframe period you are looking at. It will then lookback over the designated "train" length and identify previous groups, and what happened in those groups. It looks specifically at:
- What is that average High ATR associated with that group,
- What is the average Low ATR associated with that group,
- What is the average close range associated with that group,
- What is the sentiment associated with that group.
How to use the indicator?
In terms of use, the indicator is relatively simple to use. It will plot three lines, a red for the anticipated low range, a green for the anticipated high range and purple for the opening range (where the current candle opened at).
In addition, it will plot a dot for the anticipated close area. When the dot is green, it expects a bullish close. When the dot is red, it expects a bearish close.
The indicator is going to give you a heads up as to whether we are in a bullish group, what you can anticipate the high and low range to be and where you can anticipate the close.
Of course, its not always exact, as in the image above you can see it underestimated the high range and over-estimated the low range; however, we did close within the anticipate range.
The indicator is meant to help you with your bias. I will reference this indicator on the daily timeframe at open to see what the expectations are for the day.
However, you can use it on any timeframe you wish.
Other functions:
The indicator can plot the EMA 9, 21 and 5. These are the 3 indicators I like and I find them helpful for both intraday and swing trading. However, they can be toggled off if you do not wish to view them.
In addition, the EMAs will be green if the ticker is trending above the EMA 21 (which is a critical EMA for me to determine the immediate sentiment). If the ticker is below, they will turn red.
There is also the ability to adjust the train time. The default is 1,000 candles back, but I usually have it on 1500. If you have a lot of indicators and a lot going on, on your chart, you may find that 1500 is too much and it will lag/error. That’s okay, 500 candles is sufficient and will not put a lot of stress on Pinescript.
Concluding remarks
Its overall a fairly simple concept and indicator, but it has been a neat and helpful / insightful invention. I originally developed this using R and happy to have now brought it into Pinescript.
I hope you enjoy!
Safe trades everyone!
Power Hour Money StrategyDescription of the Pine Script Code: "Power Hour Money Strategy"
This Pine Script strategy, "Power Hour Money Strategy," is designed to trade based on the alignment of multiple time frames (month, week, day, and hour). The strategy aims to enter long or short positions depending on whether all selected time frames are in sync (all green for long positions, all red for short positions). Additionally, the script includes configurations for trading during specific sessions and automatically closing positions at the end of the trading day.
Core Features:
1. Time Frame Sync Check:
- The strategy evaluates whether the current price is higher than the opening price for the month, week, day, and hour to determine if each time frame is "green" (bullish) or "red" (bearish).
2. Session Control:
- The user can select between different trading sessions:
- "NY Session 9:30-11:30"
- "Extended NY Session 8-4"
- "All Sessions"
- Trades are only executed if the current time falls within the selected session.
3. Trailing Stop Mechanism:
- The strategy includes an optional trailing stop mechanism for both long and short positions.
- The trailing stop is configured with a percentage loss from the current price to protect gains.
4. End-of-Day Position Management:
- An option is provided to automatically close all positions at the end of the trading day (5:45 PM Eastern Time).
Detailed Code Breakdown:
1. Input Settings:
- **Session Selection**: Allows the user to choose the trading session.
- **End-of-Day Close**: Option to automatically close positions at the end of the day.
- **Trailing Stop Loss**: Enables or disables the trailing stop loss feature and sets the percentage for long and short positions.
2. Time Frame Calculations:
- The script uses `request.security` to get the opening prices for higher time frames (monthly, weekly, daily, and hourly).
- It compares the current close price to these opening prices to determine if each time frame is green or red.
3. Session Time Definitions:
- Defines the start and end times for the NY session (9:30-11:30 AM) and the extended session (8:00 AM - 4:00 PM).
4. Trade Execution:
- The strategy checks if all selected time frames are in sync and if the current time falls within the trading session.
- If all conditions are met, it enters a long or short position.
5. Trailing Stop Loss Implementation:
- Adjusts the stop price based on the trailing percentage and the current position's size.
- Automatically exits positions if the trailing stop condition is met.
6. End-of-Day Close Implementation:
- Uses a timestamp to check if the current time is 5:45 PM Eastern Time.
- Closes all positions if the end-of-day condition is met.
7. Plotting and Logging:
- Plots indicators to visualize the green/red status of each time frame.
- Logs information about the status of each time frame for debugging and analysis.
Example Usage:
Entering a Long Position: If the month, week, day, and hour are all green and the current time is within the selected session, a long position is entered.
Entering a Short Position: If the month, week, day, and hour are all red and the current time is within the selected session, a short position is entered.
Trailing Stop: Protects gains by exiting the position if the price moves against the set trailing stop percentage.
End-of-Day Close: Automatically closes all open positions at 5:45 PM Eastern Time if enabled.
This strategy is particularly useful for traders who want to ensure that multiple time frames are in alignment before entering a trade and who wish to manage positions effectively throughout the trading day with specific session controls and trailing stops.
Moving Average CyclesMoving Average Cycles Indicator
Description:
The Moving Average Cycles indicator is a versatile tool designed to help traders identify and analyze bullish and bearish cycles based on price movements relative to a moving average. This indicator offers valuable insights into market trends and potential reversal points.
Key Features:
Customizable Moving Average: Users can adjust the MA period and resolution (Daily, Weekly, Monthly) to suit their trading style.
Cycle Identification: The indicator tracks bull and bear cycles, providing visual cues through color-coded histograms.
Comprehensive Metrics: A detailed table displays crucial cycle statistics, including:
Current cycle information (candles and % distance from MA)
Maximum and average cycle lengths (in candles)
Maximum and average percentage distances from the MA
How to Use:
Apply the indicator to your chart and adjust the MA period and resolution as needed.
Green histograms represent bullish cycles, while red histograms indicate bearish cycles.
Use the metrics table to gain insights into historical cycle behavior and current market positioning.
This indicator is designed to complement your existing trading strategy by providing a clear visual representation of market cycles and detailed statistical information. It can be particularly useful for identifying potential trend reversals and gauging the strength of current trends compared to the past.
Note: Past performance does not guarantee future results. This indicator is meant for informational purposes only and should not be considered as financial advice. Always combine multiple analysis tools and conduct your own research before making trading decisions.
This script is published as open-source under the Mozilla Public License 2.0. Feel free to use and modify it, but please provide appropriate credit if you build upon this work.
I hope you find this Moving Average Cycles indicator helpful in your trading journey. If you have any questions or suggestions for improvement, please feel free to leave a comment below.
