Sector Rotation Hedging With Volatility Index [TradeDots]The "Sector Rotation Hedging Strategy With Volatility Index" is a comprehensive trading indicator developed to optimally leverage the S&P500 volatility index. It is designed to switch between distinct ETF sectors, strategically hedging to moderate risk exposure during harsh market volatility.
HOW DOES IT WORK
The core of this indicator is grounded on the S&P500 volatility index (VIX) close price and its 60-day moving average. This serves to determine whether the prevailing market volatility is above or below the quarterly average.
In periods of elevated market volatility, risk exposure escalates significantly. Traders retaining stocks in sectors with disproportionately high volatility face increased vulnerability to negative returns. To tackle this, our indicator employs a two-pronged approach utilizing two sequential candlestick close prices to confirm if volatility surpasses the average value.
Upon confirming above-average volatility, a hedging table is deployed to spotlight ETFs with low volatility, such as the Utilities Select Sector SPDR Fund (XLU), to derisk the overall portfolio.
Conversely, in low-volatility conditions, sectors yielding higher returns like the Technology Select Sector SPDR Fund (XLK) are preferred. The hedging table is utilized to earmark high-return sector ETFs.
Thus, during highly volatile market periods, the strategy recommends enhancing portfolio allocation to low-volatility ETFs. During low-volatility windows, the portfolio is calibrated towards high-volatility ETFs for heightened returns.
IMPORTANT CONSIDERATION
In real trading, additional considerations encompassing trading commissions, management fees, and ancillary rotation costs should be factored in. False signals may arise, potentially leading to losses from these fees.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Sentiment
RH_Previous Session CloseRaghee Horner Previous Session Close (PSC)
The RH_PSC is an automated Previous Session Close (PSC) indicator to show, at a glance, general market sentiment -- whether the market is generally bullish, bearish or neutral --for the current trading session.
The PSC plots the previous session close from the Daily candle, with a customizable table of data to show the previous price, whether or not the current price is above or below that previous close and the percentage move above or below.
It includes the ability to enable only the last session or to plot for all previous sessions continuously.
The data table is configurable for bearish, bullish or sideways coloring and can be moved to different locations to suite users preferences and charts. It can also be fully disabled.
Defaults are to show all previous sessions in a continuous plot and the data table is disabled.
What is “sentiment”?
Market sentiment reflects investors’ overall attitude toward a symbol, influenced by news, economic reports, and perceptions. It can be bullish, bearish, or neutral and significantly affects trading behavior and price movements. Bullish sentiment typically drives prices up, while bearish sentiment can cause them to fall. Understanding market sentiment is key for trend follow-through.
Why does it matter?
Effectively using sentiment allows for quicker, smarter trading decisions. As an active trader, understanding market sentiment is vital for follow-through. It shows real-time investor feelings, affecting price movements. Gauging sentiment helps you:
Anticipate Breakouts.
Time Entries and Exits.
Increase Probability of Continuation.
Mxwll Price Action Suite [Mxwll]Introducing the Mxwll Price Action Suite!
The Mxwll Price Action Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Introducing the Mxwll SMC Suite!
The Mxwll SMC Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology!
Features
Internal structures
External structures
Customizable Sensitivities
BoS/CHoCH
Order Blocks
HH/LH/LL/LH Areas
Rolling TF highs/lows
Rolling Volume Comparisons
Auto Fibs
And more!
The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities.
The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified.
The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area.
The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity.
Finally, the Mxwll Price Action Suite shows relevant session information.
Table information
Current Session
Countdown to session close
Next Session
Countdown to next session open
Rolling 4-Hr volume intensity
Rolling 24-Hr volume intensity
Expanded Features of Mxwll Price Action Suite
Internal and External Structures
Internal Structures: These elements refer to the price formations and patterns that occur within a smaller scope or a specific trading session. The suite can detect intricate details like minor support/resistance levels or short-term trend reversals.
External Structures: These involve larger, more significant market patterns and trends spanning multiple sessions or time frames. This capability helps traders understand overarching market directions.
Customizable Sensitivities
Adjusting sensitivity settings allows users to tailor the indicator's responsiveness to market changes. Higher sensitivity can catch smaller fluctuations, while lower sensitivity might focus on more significant, reliable market moves.
Break of Structure (BoS) and Change of Character (CHoCH)
BoS: This feature identifies points where the price breaks a significant structure, potentially indicating a new trend or a trend reversal.
CHoCH: Detects subtle shifts in the market's behavior, which could suggest the early stages of a trend change before they become apparent to the broader market.
Order Blocks and Market Phases
Order Blocks: These are essentially price levels or zones where significant trading activities previously occurred, likely pointing to the positions of smart money.
HH/LH/LL/LH Areas: Identifying Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Lower Highs (LH) helps in understanding the trend and market structure, aiding in predictive analysis.
Rolling Timeframe Highs/Lows and Volume Comparisons
Tracks highs and lows over specified rolling periods, providing dynamic support and resistance levels.
Compares volume data across different timeframes to assess the strength or weakness of the current price movements.
Auto Fibonacci Levels
Automatically calculates and plots Fibonacci retracement levels, a popular tool among traders to identify potential reversal points based on past movements.
Session Data and Volume Intensity
Session Information: Displays current and upcoming trading sessions along with countdown timers, which is crucial for day traders and those trading on session overlaps.
Volume Intensity: Measures and compares the volume within the last 4 hours and 24 hours to gauge market activity and potential breakout/breakdown movements.
Visualizations and Practical Use
Dynamic Visuals: The suite provides dynamic visual aids, such as real-time updating of high/low markers and Fibonacci levels, which adjust as new data comes in. This feature is critical in fast-paced markets.
Strategic Entry/Exit Points: By identifying order blocks and using Fibonacci levels, traders can pinpoint strategic entry and exit points, maximizing potential returns.
Risk Management: Enhanced features like session countdowns and volume intensity help in better risk management by providing traders with more data on market sentiment and potential volatility.
Crypto Liquidation Heatmap [LuxAlgo]The Crypto Liquidation Heatmap tool offers real-time insights into the liquidations of the top cryptocurrencies by market capitalization, presenting the current state of the market in a visually accessible format. Assets are sorted in descending order, with those experiencing the highest liquidation values placed at the top of the heatmap.
Additional details, such as the breakdown of long and short liquidation values and the current price of each asset, can be accessed by hovering over individual boxes.
🔶 USAGE
The crypto liquidation heatmap tool provides real-time insights into liquidations across all timeframes for the top 29 cryptocurrencies by market capitalization. The assets are visually represented in descending order, prioritizing assets with the highest liquidation values at the top of the heatmap.
Different colors are used to indicate whether long or short liquidations are dominant for each asset. Green boxes indicate that long liquidations surpass short liquidations, while red boxes indicate the opposite, with short liquidations exceeding long liquidations.
Hovering over each box provides additional details, such as the current price of the asset, the breakdown of long and short liquidation values, and the duration for the calculated liquidation values.
🔶 DETAILS
🔹Crypto Liquidation
Crypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements. Liquidations can be categorized as either a long liquidation or a short liquidation.
A long liquidation occurs when long positions are being liquidated, typically due to a sudden drop in the price of the asset being traded. Traders who were bullish on the asset and had opened long positions will face losses as the market moves against them.
On the other hand, a short liquidation occurs when short positions are being liquidated, often triggered by a sudden spike in the price of the asset. Traders who were bearish on the asset and had opened short positions will face losses as the market moves against them.
🔹Liquidation Data
It's worth noting that liquidation data is not readily available on TradingView. However, we recognize the close correlation between liquidation data, trading volumes, and asset price movements. Therefore, this script analyzes accessible data sources, extracts necessary information, and offers an educated estimation of liquidation data. It's important to emphasize that the presented data doesn't reflect precise quantitative values of liquidations. Traders and analysts should instead focus on observing changes over time and identifying correlations between liquidation data and price movements.
🔶 SETTINGS
🔹Cryptocurrency Asset List
It is highly recommended to select instruments from the same exchange with the same currency to maintain proportional integrity among the chosen assets, as different exchanges may have varying trading volumes.
Supported currencies include USD, USDT, USDC, USDP, and USDD. Remember to use the same currency when selecting assets.
List of Crypto Assets: The default options feature the top 29 cryptocurrencies by market capitalization, currently listed on the Binance Exchange. Please note that only crypto assets are supported; any other asset type will not be processed or displayed. To maximize the utility of this tool, it is crucial to heed the warning message displayed above.
🔹Liquidation Heatmap Settings
Position: Specifies the placement of the liquidation heatmap on the chart.
Size: Determines the size of the liquidation heatmap displayed on the chart.
🔶 RELATED SCRIPTS
Liquidations-Meter
Liquidation-Estimates
Liquidation-Levels
Smart Money Interest Index [AlgoAlpha]🌟 Smart Money Interest Index by AlgoAlpha 🌟
Welcome to the innovative Smart Money Interest Index indicator, designed meticulously by AlgoAlpha to revolutionize the way you trade! 📈🧠 This indicator is engineered to decipher the activities of smart money investors relative to the less informed (dumb money) and dynamically display their dominance in the trading landscape through a sophisticated visual index. 🚀💹
🔑 Key Features:
- Smart vs. Dumb Money Analysis: Tracks and compares the movements of smart money (informed investors) and dumb money (general public) within the market to identify potential investment signals.
- Relative Strength Index (RSI) Based Ratios: Utilizes RSI for both smart and dumb money to create a ratio that indicates buying or selling pressures.
- Dynamic Normalization: Employs a long-term peak normalization over a customizable period to ensure the index remains relevant regardless of market conditions.
- Visual Thresholds and Signals: Highlights significant shifts in market dynamics with color-coded thresholds, making it easier to spot changes at a glance.
🛠 How to Use the Smart Money Interest Index:
🔹 🚀 Step 1: Adding the Indicator
- Add the indicator to your favourites.
- Customize the settings according to your analysis needs:
- `Index Period`, `Volume Flow Period`, `Normalization Period`, `High Interest Threshold`
🔹 📊 Step 2: Interpretation of the Index
- Monitor the index plot; a rising index suggests increasing smart money interest, potentially indicating a buying opportunity.
- A value above the high interest threshold (in yellow) highlights significant interest by smart money, suggesting a good time to buy.
🔹 🔔 Step 3: Setting Alerts
- Configure alerts to notify you when the index crosses above the set threshold, enabling you to capitalize on trading opportunities timely and efficiently.
📐 Basic Logic Overview:
The Smart Money Interest Index by AlgoAlpha provides a unique metric that contrasts the investment behaviors of informed (smart money) and general (dumb money) investors. Utilizing the Relative Strength Index (RSI), this indicator evaluates the trading pressure exerted by both groups over specified periods, then forms a ratio of these activities to identify dominance in buying or selling trends. For example, when we see dumb money selling and smart buying, this suggests that the conditions for buying the asset is optimal as smart money is willing to buy the dip. The outputs are normalized against the highest values observed in a user-defined term to maintain consistency through varying market conditions. When the index exceeds a certain threshold, it suggests that smart money presence is particularly strong, possibly indicating that smart money is looking to enter positions on the asset. This tool serves as a sophisticated visual guide to understanding market dynamics and making well-informed trading decisions based on the activities of market-savvy investors. Smart money activity is identified during areas of low volume and the opposite for dumb money, the indicator uses the NVI and PVI metrics as its foundation for smart and dumb money analysis.
📊 Enhance Your Trading Strategy:
Leverage the Smart Money Interest Index to gain deeper insights into market dynamics and enhance your decision-making process with a powerful, data-driven approach. Whether you're looking to identify entry points or set strategic exits, this tool is designed to provide you with the competitive edge you need in the fast-paced world of trading. 🌐✨
Transform your trading with the power of smart money analysis—start using the Smart Money Interest Index today! 🚀🔔
Heat Map SeasonsHeat Map Seasons indicator
Indicator offers traders a unique perspective on market dynamics by visualizing seasonal trends and deviations from typical price behavior. By blending regression analysis with a color-coded heat map, this indicator highlights periods of heightened volatility and helps identify potential shifts in market sentiment.
Summer:
In the context of the indicator, "summer" represents a period of heightened volatility and upward price momentum in the market. This is analogous to the warmer months of the year when activities are typically more vibrant and energetic. During the "summer" phase indicated by the indicator, traders may observe strong bullish trends, increased trading volumes, and larger price movements. It suggests a favorable environment for bullish strategies, such as trend following or momentum trading. However, traders should exercise caution as heightened volatility can also lead to increased risk and potential drawdowns.
Winter:
Conversely, "winter" signifies a period of decreased volatility and potentially sideways or bearish price action in the market. Similar to the colder months of the year when activities tend to slow down, the "winter" phase in the indicator suggests a quieter market environment with subdued price movements and lower trading volumes. During this phase, traders may encounter choppy price action, consolidation patterns, or even downtrends. It indicates a challenging environment for trend-following strategies and may require a more cautious approach, such as range-bound or mean-reversion trading strategies.
In summary, the "summer" and "winter" phases in the "Heat Map Seasons" indicator provide traders with valuable insights into the prevailing market sentiment and can help inform their trading decisions based on the observed levels of volatility and price momentum.
How to Use:
Watch for price bars that deviate significantly from the regression line , as these may signal potential trading opportunities.
Use the seasonal gauge to gauge the current market sentiment and adjust trading strategies accordingly.
Experiment with different settings for Length and Heat Sensitivity to customize the indicator to your trading style and preferences.
The "Heat Map Seasons" indicator can potentially identify overheated market tops and bottoms on a weekly timeframe by detecting significant deviations from the regression line and observing extreme color gradients in the heat map. Here's how it can be used for this purpose:
Observing Extreme Color Gradients:
When the market is overheated and reaches a potential top, you may observe extremely warm colors (e.g., deep red) in the heat map section of the indicator.
Traders can interpret this as a warning sign of a potential market top, indicating that bullish momentum may be reaching unsustainable levels.
Conversely, when prices deviate too far below the regression line, it may indicate oversold conditions and a potential bottom.
Potential Tops and Bottoms:
User Inputs:
Length: Determines the length of the regression analysis period.
Heat Sensitivity: Controls the sensitivity of the heat map to deviations from the regression line.
Show Regression Line: Option to display or hide the regression line on the chart
Note: This indicator is best used in conjunction with other technical analysis tools and should not be relied upon as the sole basis for trading decisions.
Open Interest Auto OverrideWhat does this “Open Interest Auto Override” Indicator
do?
Open Interest data is not supplied by every exchange to TradingView, however it is available on Binance Perpetual Futures. This script helps the crypto trader to identify the equivalent Binance Perpetual Futures Chart that has Open Interest Data available and automatically displays this on the traders chart.
How can a trader use this indicator?
This helps the trader to identify if there is Open Interest Data available in Binance and automatically displays it, making it easier to switch Coins whilst viewing the market.
What is Open Interest and how can I trade using this indicator?
Open Interest (OI) is the number of open futures contracts held by traders in active positions. The higher the value the Higher the number of open positions which indicates an increase in interest by traders in the asset.
If OI is increasing an equal number of longs and short positions are being opened.
If OI Decreases both longs and shorts are exiting the market.
If OI remains unchanged, no new contracts are entering or exiting, or an equal number of positions are being opened as there are being closed.
Open Interest can help traders by giving us a hint that a breakout may occur. If Open Interest is increasing whilst price is consolidating it may indicate that a breakout is imminent. If Open Interest is decreasing whilst price is consolidating it is likely that a false move in the form of a stop hunt may be issued prior to the actual breakout.
Usage of the Indicator:
By default the indicator will automatically use the Equivalent Binance Perpetual Chart for the Data
You can override the symbol manually if you what to view another exchanges data.
Binance Open Interest (+SMA)# Binance Open Interest + SMA
An indicator showing open interest (OI) in US dollars ($) for Binance USD-margined perpetual contracts. This means the indicator shows the total value of all open perpetual contracts on the Binance platform for the ticker being charted. As such, it can provide insights into market activity for an asset and trading interest, as rising open interest suggests many traders are opening new positions and new money is flowing into the market, and vice-versa. It is also an indicator of the liquidity of the asset's perpetuals contracts, as it reflects the amount of money in a given perpetuals market.
The candle data is shown as expected, with green candles indicating the IU at close is greater than at open, red indicating a lower OI at close than open, with the bodies indicating the open and close prices, and any wicks representing an OI value within that timeframe that went above or below the closing or opening OI.
Unlike other Binance open interest indicators on the platform, this one does not require user input and will automatically pull open interest data for the ticker being looked at, allowing for quicker access to open interest data. It also presents the open interest data in candle format, providing more detail into the open interest at a given timeframe.
Please note that this indicator will only work for assets which Binance offers USD-margined perpetual contracts for, and otherwise will not work.
## Instructions:
Simply add the indicator to your chart and open the asset you would like to chart. If a Binance perpetual contract exists for the asset, the open interest value will be charted. If no chart is generated, no Binance open interest data is available for charting.
To remove the SMA, uncheck the “SMA” box in the style section in the indicator settings. You can also change the source and length of time the SMA data is calculated from in the inputs section. By default, it is based off of the closing value and a length of 15 timeframes.
## Chart example:
The chart shows the price of Ethereum, and below it this indicator for open interest on Binance for their Ethereum perpetual contracts. We can see here open interest is rising steadily, indicating rising interest in holding perpetual contracts backed by Ethereum.
CB BTCUSD PremiumThis indicator is designed for cryptocurrency traders and analysts who wish to compare the spot price of Bitcoin (BTC) on Coinbase (BTC/USD) against Binance (BTC/USDT), highlighting the premium or discount between these two major exchanges in real-time. Additionally, it incorporates a moving average of the premium, allowing users to identify trends over their selected timeframe.
Features:
Spot Price Comparison: Calculates the real-time difference (premium or discount) between the BTC/USD spot price on Coinbase and the BTC/USDT spot price on Binance.
Premium Indicator: Displays the premium as columns on the chart, using green to indicate a premium (Coinbase > Binance) and red to indicate a discount (Coinbase < Binance).
Moving Average Trend: Includes a simple moving average (SMA) of the premium over a user-defined period, plotted as a blue line, to help users identify trends in the premium over time.
Customizable MA Period: Users can adjust the moving average period to suit their analysis needs, with a default setting of 14 periods.
Usage Instructions:
Adding the Indicator: Search for "Coinbase to Binance BTC Spot Premium with Moving Average" in the TradingView indicators and strategies library and add it to your chart.
Customizing the MA Period: To adjust the moving average period, click on the indicator's settings (gear icon) and navigate to the "Inputs" tab. Enter your desired period for the moving average.
Ideal for: Traders and analysts focusing on arbitrage opportunities, market depth analysis, and those interested in the comparative performance of BTC across different exchanges.
Note: This indicator does not constitute financial advice. It's a tool designed to provide analytical insights. Users should conduct their own research and consult with financial advisors before making investment decisions.
Day First Candle BreakoutR-DFCB V1.5: Day First Candle Breakout
This indicator identifies potential breakout opportunities based on the first candle of the trading day. It considers the high and low of the initial trading range to determine possible entry points, along with the previous day's high and low to gauge the strength of the trend.
Key Features:
Day First Candle Breakout: Analyzes the first candle of the trading day to identify potential breakout scenarios.
Timeframe Selection: Allows users to select the timeframe for analyzing the first candle (e.g., 5, 15, or 60 minutes).
Previous Day and Week High/Low: Displays the high and low of the previous day and week to provide additional context for trading decisions.
Previous Day Trend Strength: Indicates whether the current price is above or below the previous day's high or low, signaling a stronger bullish or bearish trend respectively.
Trading Signals:
Buy Signal: Triggered when the price exceeds the high of the initial trading range after an upward price gap.
Sell Signal: Generated when the price falls below the low of the initial trading range after a downward price gap.
Trend Strength Analysis:
Strong Bullish Trend: If the current price is above the previous day's high, it indicates a stronger bullish trend.
Strong Bearish Trend: If the current price is below the previous day's low, it suggests a stronger bearish trend.
Caveats for Effective Trading:
Extended Trading Ranges: Adjusts support and resistance levels if the initial trading range extends beyond the defined timeframe.
Morning Noise Consideration: Exercises caution during volatile morning sessions to avoid false breakouts and whipsaws.
Pullbacks and Narrow Range Bars: Looks for opportunities during pullbacks or when the price forms narrow range bars to enter trades, reducing the risk of sudden reversals.
Altered Money Flow Index by CoffeeShopCrypto**Use the comments section below to request access to the script**
Market Trends need to be confirmed each and every time.
Over the years the Money Flow Index has been a tool to find where the money is flowing
either long or short in market movements.
Long confirmation and false short
Confirming a long entry:
1. Wait for price to close above a previous swing high.
2. Look to see if the MFI is in UPCOLOR and above ZERO.
Confriming a short entry:
1. Wait for price to close below a previous swing low.
2. Look to see if the MFI is in DOWNCOLOR and below ZERO.
NON-Confirmed market: (Flat Market)
Anytime you believe you have a confirmation via price action, check the MFI to see if it is in FLAT MARKET color.
If this is true, do not enter until it is out of FLAT MARKET color.
Flat Market ALtered MFI
A Flat Market Altered MFI reading can do a few things for you.
It can help to confirm the following:
1. price action is moving sideways.
2. a pullback or market stall that was deep enough where dis-intrest in the market occured.
3. a sudden loss of momentum in the short term trend of closing prices.
Utilizing the Altered Money Flow Index indicator by CoffeeShopCrypto offers traders a nuanced approach to identifying market trends, including periods of flat market conditions. Alongside its directional bias indicating bullish or bearish activity based on whether values are above or below zero, respectively, the script incorporates a distinctive feature to recognize flat markets. When neither bullish nor bearish momentum dominates, the indicator designates a flat market, denoted by a distinct color. This feature enhances traders' ability to discern not only bullish and bearish phases but also periods of market consolidation or indecision.
In addition to its ability to recognize bullish and bearish trends, the Altered Money Flow Index indicator by CoffeeShopCrypto incorporates a unique feature to signify potential pullbacks or pauses in market momentum. This is particularly evident when the MFI crosses below zero while displaying a flat market color. Such occurrences suggest that although the short-term movement may appear bearish, it's likely a temporary pullback rather than a sustained trend reversal. Similarly, when the MFI crosses above zero amidst a flat market color, it indicates a potential pause in bullish momentum, urging traders to exercise caution and await confirmation of a sustained uptrend. By incorporating these nuanced observations, traders can effectively discern between short-term fluctuations and significant trend changes, enabling them to make more judicious trading decisions and avoid premature entries or exits.
Alongside its directional bias indicating bullish or bearish activity based on whether values are above or below zero, respectively, the script integrates the Relative Strength Index (RSI) to further refine market analysis. When the Altered MFI and RSI are both above zero, it suggests a strong bullish trend, indicating significant buying pressure. Conversely, when both indicators are below zero, it indicates a strong bearish trend, signifying heightened selling pressure. By observing the confluence between the Altered MFI and RSI, traders can gain valuable confirmation of bullish or bearish money flow in the market, enabling them to make more informed trading decisions.
Awakening CHECHLISTThe Awakening Checklist indicator is a tool designed to help traders evaluate certain key market conditions and elements before making trading decisions. It consists of a series of questions that the trader must answer using the options "Yes", "No" or "N/A" (not applicable).
“Has Asia Session ended?” : This question aims to determine if the Asian trading session has ended. The answer to this question can influence trading strategies depending on market conditions.
“Have you identified potential medium induction?” : This question concerns the identification of potential average inductions on the market. Recognizing these inductions can help traders anticipate future price movements.
"Have you identified potential PoI's": This question asks about the identification of potential points of interest on the market. These points of interest can indicate areas of significant support or resistance.
"Have you identified in which direction they are creating lQ?" : This question aims to determine in which direction market participants create liquidity (lQ). Understanding this dynamic can help make informed trade decisions.
“Have they induced Asia Range”: This question concerns the induction of the Asian range by market participants. Recognizing this induction can be important in assessing future price movements.
“Have you had a medium induction”: This question asks about the presence of a medium induction on the market. The answer to this question can influence trading prospects.
“Do you have a BoS away from the induction”: This question aims to find out if the trader has an offer (BoS) far from the identified induction. This can be a risk management strategy.
"Doas your induction PoI have imbalance": This question concerns the imbalance of points of interest (PoI) linked to induction. Recognizing this imbalance can help anticipate price movements.
“Do you have a valid target in mind”: This question aims to find out if the trader has a clear trading objective in mind. Having a goal can help guide trading decisions and manage risk.
Kyrie Crossover ( @zaytradellc )Unlocking Market Dynamics: Kyrie Crossover Script by @zaytradellc
personalized trading success with the "Kyrie Crossover" script, meticulously crafted by @zaytrade. This innovative Pine Script, tailored to the birthdays of Kyrie and the script creator, combines the power of technical analysis with a touch of personalization to revolutionize your trading experience.
**Exponential Moving Average (EMA) Crossover Strategy:**
At the heart of the "Kyrie Crossover" script lies a sophisticated EMA crossover strategy. By utilizing a 10-period EMA and a 323-period EMA (symbolizing long term price action ), the strategy effectively captures market trends with precision and insight.
- **Short-Term EMA (10-period):** This EMA reacts swiftly to recent price changes, offering heightened sensitivity to short-term fluctuations. It excels in identifying immediate shifts in market sentiment, making it invaluable for pinpointing short-lived trends and potential reversal points.
- **Long-Term EMA (323-period):** In contrast, the long-term EMA provides a broader perspective by smoothing out short-term noise and focusing on longer-term trend direction. Its extended length filters out market noise effectively, providing a clear representation of the underlying trend's momentum and sustainability.
**Directional Movement Index (DMI) Metrics:**
The "Kyrie Crossover" script goes beyond traditional indicators by incorporating DMI metrics across multiple timeframes. By assessing trend strength and direction, traders gain valuable insights into market dynamics, allowing for informed decision-making.
**Simple Instructions to Profit:**
1. **Identify EMA Crossovers:** Look for instances where the short-term EMA (10-period) crosses above the long-term EMA (323-period) for a bullish signal, indicating a potential buying opportunity. Conversely, a crossover where the short-term EMA crosses below the long-term EMA signals a bearish trend and a potential selling opportunity.
2. **Confirm with DMI Metrics:** Validate EMA crossovers by checking DMI metrics across different timeframes (5 minutes, 15 minutes, 30 minutes, and 1 hour). Pay attention to color-coded indicators, with green indicating a bullish trend, red indicating a bearish trend, and white indicating no clear trend.
3. **Manage Risk:** Implement proper risk management techniques, such as setting stop-loss orders and position sizing based on your risk tolerance and trading objectives.
4. **Stay Informed:** Regularly monitor market conditions and adjust your trading strategy accordingly based on new signals and emerging trends.
Gaps Profile [vnhilton]Note: If you get an error preventing indicator from executing due to a loop running longer than >500ms, please lower the amount of boxes shown and/or increase the minimum gap % threshold.
OVERVIEW
The Gaps Profile (GP) simply shows the remaining gaps on the chart that have yet to be closed. Gaps are created where there's a distance between the current open and the previous close. Big gaps suggest change in sentiment and volatility causing prices to pull away thereby creating gaps. Gaps can be used as pivot areas where price may attempt to close the inefficiency entirely and/or serve as supply/demand zones.
(FEATURES)
- 3 to 499 remaining up/down gaps can be displayed on the chart (furthest gaps away from price are removed to make way for new gaps)
- Minimum gap % threshold
- Ability to highlight largest or newest up/down gap
- 4 GP color themes: Mono, Up/Down, Up/Down Largest Gradients, Up/Down Newest Gradients
- GP Type: Left, Right (how it is built - overlapping gaps plotted from left/right to right/left)
- GP offset from current bar
- Box border width
- Box border style for up/down: Dashed, Dotted, Solid
- Toggles to hide border/box with ease
Open Intrest / Volume / Liquidations (Suite) [BigBeluga]This indicator is a suite of tools that aims to provide traders with efficient metrics to analyze the market in a different way, such as various types of Open Interest, Intraday Volume, and Liquidations.
This indicator can both save time and also provide a different approach to the usual price action trading style.
🔶 FEATURES
The indicator contains the following features:
Open Interest Suite
- Delta OI
- Net longs and shorts
- OI Relative Strength Index
Intraday Volume Suite
- Bullish and Bearish LTF Volume
- CVD
- Delta Volume
Liquidations Suite
- Long and Short Liquidations
- Cumulative Liquidations
🔶 EXAMPLE OF SUITE
In the example above, we can see how we can plot long and short positions, both opening and closing out.
This can give a unique way to view which side is the strongest but also which side has the most resting liquidity.
For example, if more longs are entering the market, it also means more liquidity for longs and vice versa.
Or, for example, plotting the delta OI will allow the user to see big percentages in change and spot big areas of position closing out.
This presents a fascinating method for observing numerous positions closing out in conjunction with a surge of liquidations, which could indicate a potential reversal in price.
Here, we can see a basic example of using intraday volume on a 1m LTF.
With this, we are able to see both bullish and bearish volume of the same candle, very useful to see both volumes traded in the same candle.
Using the CVD to see the overall direction based purely on the volume and spot divergence, for example, the price in an uptrend but CVD going down, indicating weak shorts in the market or trapped shorts.
Or simply view liquidations happening in the market in a very different way, both long and short liquidation at the same time + the option to use multi-timeframe liquidations.
🔶 CONCLUSION
The idea of this script is to provide a set of tools in a unique script to optimize time and analyze the market in both a quick way and in a different way than usual.
EHRHART Algo Premium (V.2)EHRHART Algo Premium is a indicator designed to help traders analyze market flow. It work with multiple EMA for identifying the sentiment of market. It's very simple calculation but it's a good help for people who use price action. I think the visual of the chart is very important and and I wanted to create an indicator very visual. I'm price action lover like lots of people and I personally think it's very important to identify the flow of market because buying when the flow of market is up give you better chance to win your trade. It's not BUY and SELL signal, this indicator don't tell u when u need buy or when u need sell, it's principally here for helping the visual of trading chart (have a good clear chart). I decided to post this indicator because people were asking me how it worked and were curious about these colors, so here we go !
This indicator show:
The main flow ( green candle=buy pressure /red candle=seller pressure ), it's based on two EMA cross over, this two EMA are editable so u can take the combination you want depending on your trading strategy. When the first EMA is above the second EMA candle becoming green and when the second EMA is above the first EMA candle becoming red.
The trend of two EMA crossover (blue=bullish and violet=bearish), it's based on two EMA (two different than main flow) cross over, this two EMA are editable so u can take the combination you want depending on your trading strategy. When the first EMA is above the second EMA the trend becoming blue and when the second EMA is above the first EMA the trend becoming violet.
Potential trend reversals (violet candle), it's calculate with the two EMA of the main flow, when these two EMA becoming closer, the candle becoming violet. It meaning that the trend may reversals. I added sensitivity parameter, so u can adjust it depending on your trading strategy, the more sensitive it is, the more candle will be colored violet.
A system of RSI print on the chart, when the RSI becoming overbought (more than 75) a red triangle will pop up on the chart, and when the RSI becoming oversold (less than 25) a green triangle will pop up on the chart. U can show or hidden these setting.
Bullish candles are represented by hollow candles.
Bearish candles are represented by full candles.
You can use this indicator with multiple strategy, I personally use it with price action (support/resistance) and I made it for that (but it's your choice).
This is an example of how I'll use it:
Here we can see that the price is coming testing our weakly support, however the main flow is bullish (red candle), so I'm waiting my first signal (violet candle). When the first candle passed violet I decided to enter the trade because violet candle after red candle means that the two EMA start closed to themselves meaning that's the flow may turn green. My second signal will be candle passed green, because it meaning the two EMA start deviate from themselves, buyer are taking advantage. In this situation a green triangle on the support will be my third signal.
Blockunity US Market Liquidity (BML)Get a clear view of US market liquidity and monitor its status at a glance to anticipate movements on risky assets.
The Idea
The BML aggregates and analyzes total USD market liquidity in trillions of dollars. It is used to monitor the liquidity of the USD market. When liquidity is good, all is well. If liquidity is low, the US will maneuver and sell treasury bills (debt) to replenish its treasury, which can lead to bearish pressure on markets, particularly those considered risky, such as Bitcoin.
How to Use
The indicator is very easy to use, there's nothing special about it. This tool is mainly intended to be used as fundamental information, and not for active trading.
Elements
The US Market Liquidity has several distinct components:
FED Balance Sheet
The Fed credits member banks’ Fed accounts with money, and in return, banks sell the Fed US Treasuries and/or US Mortgage-Backed Securities. This is how the Fed “prints” money to juice the financial system.
US Treasury General Account
The US Treasury General Account (TGA) balances with the NY Fed. When it decreases, it means the US Treasury is injecting money into the economy directly and creating activity. When it increases, it means the US Treasury is saving money and not stimulating economic activity. The TGA also increases when the Treasury sells bonds. This action removes liquidity from the market as buyers must pay for their bonds with dollars.
Overnight Reverse Repurchase Agreements
A reverse repurchase agreement (known as Reverse Repo or RRP) is a transaction in which the New York Fed under the authorization and direction of the Federal Open Market Committee sells a security to an eligible counterparty with an agreement to repurchase that same security at a specified price at a specific time in the future.
Earnings Remittances Due to the Treasury
The Federal Reserve Banks remit residual net earnings to the US Treasury after providing for the costs of operations, payment of dividends, and the amount necessary to maintain each Federal Reserve Bank’s allotted surplus cap. Positive amounts represent the estimated weekly remittances due to the US Treasury. Negative amounts represent the cumulative deferred asset position, which is incurred during a period when earnings are not sufficient to provide for the cost of operations, payment of dividends, and maintaining surplus.
Settings
Several parameters can be defined in the indicator configuration. You can:
Choose the smoothing and timeframe to be used in the plot.
Set the EMA lookback period and display it or not. This affects the color of the main plot.
Set the period to be taken into account when calculating the variation rate in the table.
Select the data to be taken into account in the calculation.
Activate or not the barcolor.
Lastly, you can modify all table parameters.
Commitments of Traders Report [Advanced]This indicator displays the Commitment of Traders (COT) report data in a clear, table format similar to an Excel spreadsheet, with additional functionalities to analyze open interest and position changes. The COT report, published weekly by the Commodity Futures Trading Commission (CFTC), provides valuable insights into market sentiment by revealing the positioning of various trader categories.
Display:
Release Date: When the data was released.
Open Interest: Shows the total number of open contracts for the underlying instrument held by selected trader category.
Net Contracts: Shows the difference between long and short positions for selected trader category.
Long/Short OI: Displays the long and short positions held by selected trader category.
Change in Long/Short OI: Displays the change in long and short positions since the previous reporting period. This can highlight buying or selling pressure.
Long & Short Percentage: Displays the percentage of total long and short positions held by each category.
Trader Categories (Configurable)
Commercials: Hedgers who use futures contracts to manage risk associated with their underlying business (e.g., producers, consumers).
Non-Commercials (Large Speculators): Speculative traders with large positions who aim to profit from price movements (e.g., hedge funds, investment banks).
Non-Reportable (Small Speculators/Retail Traders): Smaller traders with positions below the CFTC reporting thresholds.
CFTC Code: If the indicator fails to retrieve data, you can manually enter the CFTC code for the specific instrument. The code for instrument can be found on CFTC's website.
Using the Indicator Effectively
Market Sentiment Gauge: Analyze the positioning of each trader category to gauge overall market sentiment.
High net longs by commercials might indicate a bullish outlook, while high net shorts could suggest bearish sentiment.
Changes in open interest and long/short positions can provide additional insights into buying and selling pressure.
Trend Confirmation: Don't rely solely on COT data for trade signals. Use it alongside price action and other technical indicators for confirmation.
Identify Potential Turning Points: Extreme readings in COT data, combined with significant changes in open interest or positioning, might precede trend reversals, but exercise caution and combine with other analysis tools.
Disclaimer
Remember, the COT report is just one piece of the puzzle. It should not be used for making isolated trading decisions. Consider incorporating it into a comprehensive trading strategy that factors in other technical and fundamental analysis.
Credit
A big shoutout to Nick from Transparent FX ! His expertise and thoughtful analysis have been a major inspiration in developing this COT Report indicator. To know more about this indicator and how to use it, be sure to check out his work.
FVG OscillatorThe FVG Oscillator, developed by OmegaTools and available on TradingView, is a specialized analytical tool designed to offer traders insight into the market's potential direction through the lens of Fair Value Gaps (FVGs). This script combines traditional oscillator functionality with a unique focus on FVGs, providing a nuanced approach to understanding market dynamics.
Understanding FVGs and Their Importance:
Fair Value Gaps (FVGs) are identified when there's a discrepancy between the high price of one session and the low of the subsequent session (or vice versa), indicating areas where price movements have skipped over, creating a gap. These gaps often signal potential price movement areas, as markets may move to "fill" these gaps. The FVG Oscillator is designed to quantify these occurrences and their potential impact on market direction.
Key Features of the FVG Oscillator:
- Adjustable Lookback Period: Traders can set the number of bars back (defaulted at 50) to adjust the sensitivity of the oscillator to recent market activity.
- Visual Area Representation: The option to display areas of positive and negative FVG occurrences provides a visual representation of market sentiment over the selected period.
- Color Customisation: Users can personalize the oscillator's appearance with color selections for positive and negative movements, enhancing readability and analysis.
- Volume and ATR Confirmation: Incorporates volume data and Average True Range (ATR) filtering to verify FVG occurrences, adding a layer of validation to the identified gaps.
Operational Mechanism:
The oscillator tallies bullish FVG occurrences as positive values and bearish FVG occurrences as negative values over the specified lookback period. It then applies volume and ATR criteria to confirm the significance of these gaps. The final output is an oscillator line that reflects the net value of bullish versus bearish FVGs, alongside histograms that show the width (or significance) of long and short patterns based on confirmed FVGs.
How to Use the FVG Oscillator:
- After adding the FVG Oscillator to your TradingView chart, adjust the 'Bars Back' input to tailor the oscillator's sensitivity to your trading strategy.
- Use the net value line to gauge the overall market sentiment based on FVG occurrences; a higher net value suggests bullish sentiment, while a lower value indicates bearish sentiment.
- The histograms provide an additional layer of insight, highlighting the relative strength and significance of confirmed bullish and bearish FVGs.
Application in Trading:
The FVG Oscillator is intended as an analytical tool to complement your existing trading strategy. By offering a unique perspective on FVG occurrences and their potential market implications, the oscillator can help inform your trading decisions. However, traders are encouraged to combine this tool with other forms of analysis and employ sound risk management practices.
Originality and Usefulness:
This oscillator is original in its integration of FVG analysis with traditional oscillator metrics, offering traders a novel tool for market analysis. Its usefulness lies in its ability to provide a quantitative and visual representation of FVGs, aiding traders in identifying potential market movements.
Disclaimer:
It is important for traders to understand that the financial markets are inherently unpredictable, and the FVG Oscillator is not a predictive tool nor does it guarantee trading success. It should be used as part of a comprehensive trading strategy, incorporating additional market analysis and risk management practices. Remember, past performance does not necessarily predict future results, and trading involves risks, including the potential loss of capital.
Bond Yield SpreadThe Bond Yield Spread Script is developed for forex traders, offering an automated tool to calculate the bond yield spread between two countries associated with the forex pair displayed on the chart.
Functionality:
The script starts by identifying the base and quote currencies of the current forex pair and aligns them with their corresponding national bond symbols based on user-selected maturity, with options ranging from 01Y to 30Y. It calculates the yield spread by subtracting the bond yield associated with the quote country from that of the base country, following the formula:
Yield Spread = Yield(Base Country) − Yield(Quote Country)
which is then displayed as a plot line on the chart.
This script relies solely on TradingView's internal yield symbols, with the following calculation:
"currency" => "first two letters" + maturity
And maturity, in this case, is the value that is configured in the indicator settings, for example:
"EUR" => "EU" + "02Y" will result in EU02Y -> which will be used in the formula, depending on the quote or base currency.
Application in Trading:
This indicator is invaluable for traders employing carry trading strategies or assessing currency strength based on traded interest rates as an indicator. A higher yield spread typically indicates a stronger currency, because the return obtained for holding the currency is higher.
Originality and Practicality:
This script is self-developed, aiming to fill the gap in automatic bond yield comparisons within the TradingView environment. It is particularly beneficial for traders focusing on macroeconomic factors affecting forex markets. Unlike other scripts, it integrates various bond maturities into one tool, enhancing its utility and application range.
Conclusion:
Designed for traders incorporating macroeconomics in their strategy, this script will be useful to calculate the bond yield differences automatically without having to enter a new formula for every new currency pair.
Compliance and Limitations:
The script complies with TradingView scripting standards, ensuring no lookahead bias and maintaining real-time data integrity. However, its utility depends on the comprehensive availability of bond yield data within TradingView. As not all countries issue bonds for each listed maturity, this may limit the script’s application for certain currency pairs or specific maturities.
Min-Max Normalization TrendPrinciple
script is using defined period of last candles
over the period it discovers minimum and maximum values
all the values within the period are normalized to that range
resulting values are in range 0-100
the shown value is average from all the candlestick data, i.e. AVG(OPEN, HIGH, LOW, CLOSE) resulting in more smoothed values which helps to filter out market volatility
How to interpret
if there is a uptrend, the new candle data will be normalized as one of the highest values, around 100
similarly if there is a downtrend, the new candle data will be normalized as one of the lowest values, around 0
to help visualize, there is a configurable threshold for bullish or bearish trends
works well on higher timeframes, e.g. BTC on 1d, but can be used on any timeframe to identify local trends
even though a lookback period of candles is used to define the normalization range, this does not mean that the indicator is lagging - this is because the lookback period only defines the range, but does not influece current value's weight
Configuration
you can configure bullish threshold as well as bearish threshold and respective colors
the range in between is considered sideways
lookback period can be also adjusted
Support and Resistance ZoneSupport and Resistance Zone Indicator :
Introduction :
The purpose of this indicator is to identify the chart symbol's main supports and resistances. It displays these key zones, which are very important psychological points for traders. Since support and resistance are not very precise levels, the indicator displays them as zones.
Pivots :
Pivots are a key concept in identifying support and resistance. The indicator uses two types of pivot:
Pivot high : This is a high point that has not been reached by a user-defined number of candles on either the left and right of this candle. The " left pivot leg " is the number of candles before this pivot point that have not reached the realized high, and the " right pivot leg " is the number of candles after this pivot point that have not reached this high. If these two conditions are met, the pivot point is considered a turning point, and resistance is probably the cause.
Pivot low : This is a low point that has not been reached by a user-defined number of candles on either the left or right. The " left pivot leg " is the number of candles before this pivot point that have not reached the candle low, and the " right pivot leg " is the number of candles after this pivot point that have not reached this low. If these two conditions are met, the pivot point is considered a turning point, and support is probably the cause.
Support/Resistance area :
If a pivot point has been identified, the indicator considers it a resistance if it's a pivot high, or a support if it's a pivot low. To define the support or resistance zone, we'll use the ATR (Average True Range), an indicator that measures asset volatility. We'll take the ATR of the candle for which the pivot was spotted, and use it as the width of the support or resistance zone. Thus the upper line of support/resistance is at pivot+atr/2 and the lower line is at pivot-atr/2 . The greater the volatility, the larger the zone.
New Support/Resistance :
If a new pivot has been identified, but the level of this pivot lies between the lower line and the upper line of the previous support or resistance, the indicator considers this to be the same support or resistance as before. In this case, no new support or resistance is created. The pivot must be outside the area of the previous support or resistance to be validated.
Anticipated Support/Resistance :
This indicator also allows early detection of support or resistance. To do this, the value of the right pivot legs will be shortened in order to find these areas more quickly. The support or resistance will then be considered anticipated and may disappear at any time if the high/low is reached. On the other hand, if the high/low is not reached, and a number of candles equal to the " Right Pivot Legs" parameter has elapsed since the detection of this anticipated support/resistance, it will be considered validated and will integrate the other supports/resistances of the chart.
Extended supports/resistances :
For a more optimal view, the indicator allows the user to choose the number of last support or resistance levels to be extended to the last candle. This must be specified in the indicator parameters.
Parameters :
Pivot Legs : Determine the left and right legs of the pivot i.e the number of candle before and after the pivot that doesn’t reach pivot point. The pivot is validated only if this two conditions are verified.
Extend Last Supports : Number of supports to extend to the last bar
Extend Last Resistances : Number of resistances to extend to the last bar
Show Support/Resistance Anticipated : If yes, will find anticipated support and resistance
Right Pivot Legs for Anticipation : Determine the right legs of pivots to find faster a support or a resistance.
Conclusion :
This indicator plot support and resistance zones based on pivot. The width of support and resistance zones are calculated with ATR. Possibility to find anticipated support and resistance in order to have more timeliness informations.
Enjoy the indicator and don’t forget to take the trade ;)
Blockunity Miners Synthesis (BMS)Track the status of Bitcoin and Ethereum Miners' Netflows and their asset reserves.
The Idea
The goal is to provide a simple tool for visualizing the changes in miners' flows and reserves.
How to Use
Analysing the behaviour of miners enables you to detect long-term opportunities, in particular with the state of reserves, but also in the shorter term with the visualization of Netflows.
Elements
Miners Reserves
Miners Reserves represent the balances of addresses belonging to mining pools (in BTC or ETH).
This data can also be displayed in USD via the indicator parameters:
Miners Netflow
The Netflow is calculated by subtracting the outflows from the inflows originating from addresses associated with mining pools. When this result is negative, it indicates that more funds are exiting the miners' accounts than the funds they are receiving. Consequently, negative miner netflows suggests selling activity.
This data can also be displayed in USD via the indicator parameters. You can also choose the timeframe. For example, selecting "Yearly" will give a Netflow daily average taking into account the last 365 days:
Settings
In the settings, you can first choose which asset to view, between Bitcoin and Ethereum. Here are the reserves of Ethereum miners:
As with Bitcoin, Netflow can also be displayed in the timeframe of your choice. Here you can see the average daily netflow of Ethereum miners in USD over the last 30 days:
Here are all the parameters:
Asset Selector: Choose between Bitcoin or Ethereum miner data.
Get values in USD: Displays values in USD instead of assets.
Switch between Netflow and Reserve : If checked, displays Miners' Reserves data. If unchecked, displays Miners' Netflow data.
Display timeframe: Allows you to select the timeframe for displaying the Netflow plot.
Period Lookback (in days): Select the period to be taken into account when calculating the variation percentage of Miners' Reserves.
Lastly, you can modify all table and labels parameters.
