Forex Session Tracker [MacroGlide]Forex Session Tracker is a tool designed to track and visualize trading activity across the four key Forex market sessions: New York, London, Tokyo, and Sydney. The indicator helps traders see the time intervals of each session, their impact on price movements, and analyze volatility within these sessions.
Key Features:
• Session Visualization: The indicator highlights price ranges during the New York, London, Tokyo, and Sydney sessions using different colors, making data easier to visually interpret and analyze. Users can customize the color scheme for each session.
• Price Change Analysis: The indicator tracks the opening prices of each session and calculates the price changes by the session's close. This allows traders to assess market dynamics within each session and make informed trading decisions.
• Average Price Changes: The average price change for a specified number of sessions is calculated for each session, helping to identify trends and volatility levels.
• Time Zone Support: The indicator takes into account time zones, allowing users to adjust the display according to their location or use the market's time zone.
• Interactive Dashboard: The built-in dashboard shows the status of each session in real-time (active or inactive), recent price changes, and average changes, providing quick access to key information directly on the chart.
How to Use:
• Add the indicator to your chart and configure the displayed sessions according to your needs.
• Use color differentiation to easily identify active trading sessions and assess their impact on price movements.
• Monitor price changes in each session and analyze averages for a deeper understanding of market trends.
Methodology:
The indicator uses the time intervals of each trading session to calculate and display opening prices, price ranges, and price changes for the session. Based on this data, the Forex Session Tracker visualizes the session's high and low prices and calculates the average price change over the last several sessions. All data is displayed in real-time, considering the user's time zone settings or the market's time zone.
Originality and Usefulness:
Forex Session Tracker stands out for its ability to combine price change information from several key trading sessions into one indicator, providing traders with a simple and clear way to analyze market activity across different time zones.
Charts:
The indicator displays clean and clear charts, where each trading session is highlighted with its own color, making visual interpretation easier. The charts focus only on essential information for analysis: opening prices, session ranges, and price changes. The integrated dashboard provides quick access to key session metrics, such as activity status, recent price changes, and average values for the selected period. These features make the charts highly useful for rapid analysis and trading decision-making.
Enjoy the game!
Volatilità
Relative Range at Time/ Relative volatility / High−Low This script is designed to help you compare the size of the current price candle (the difference between the highest and lowest prices in a given time period) to the average size of the last several candles. It does this by calculating the average range of a certain number of previous candles (you can set how many with the "Length" input) and then dividing the current candle's range by this average. The result is plotted on the chart as a bar: if the current candle's range is larger than the average, the bar is green; if it's smaller, the bar is red. A horizontal line is also drawn at the value of 1, so you can easily see whether the current candle's range is above or below the average. If there’s an issue with the data, the script will show an error message to let you know.
Uptrick: Imbalance MA Trailing System
### **Overview**
The "Uptrick: Imbalance MA Trailing System" is a complex trading indicator designed to help traders identify potential bullish and bearish imbalances in the market, coupled with a trailing stop mechanism to manage trades. The indicator uses a combination of moving averages, Average True Range (ATR), and custom logic to detect trading signals and plot various levels on the chart to assist traders in making informed decisions.
### **Key Components and Functionality**
#### 1. **Inputs and Configuration**
- **Imbalance Filter (`imbalanceFilter`)**: This input sets the filter for detecting imbalances based on the difference between two price points. The value is a float and can be adjusted to fine-tune the sensitivity of imbalance detection. The default value is `0.0`, with a step size of `0.1`.
- **Moving Average Settings (`maLength1`, `maLength2`, `maColor1`, `maColor2`)**:
- `maLength1` and `maLength2` define the lengths of the two moving averages used in the indicator. By default, they are set to `50` and `200` periods, respectively.
- `maColor1` and `maColor2` specify the colors of these moving averages on the chart. The first MA is colored blue, and the second is red.
- **Take Profit and Stop Loss Settings (`displayTP`, `tpMultiplier`, `tpColor`, `displaySL`, `slMultiplier`, `slColor`)**:
- `displayTP` and `displaySL` are boolean inputs that control whether the TP and SL areas are displayed on the chart.
- `tpMultiplier` and `slMultiplier` are multipliers used to calculate the TP and SL levels relative to the detected imbalance level using the ATR value.
- `tpColor` and `slColor` define the colors of these areas. The TP area is green (with a transparency of 50), and the SL area is red (with a transparency of 50).
- **Trailing Stop Settings (`trailMultiplier`)**: This setting determines the multiplier used to calculate the trailing stop level based on the ATR value. The default multiplier is `2.5`.
- **Style Settings (`bullishColor`, `bearishColor`)**:
- `bullishColor` and `bearishColor` set the colors for bullish and bearish zones created when an imbalance is detected. The bullish zone is green, and the bearish zone is red.
- **Signal Label Size (`labelSizeOption`)**: The size of the signal labels displayed on the chart can be adjusted. The options include `Tiny`, `Small`, `Normal`, `Large`, and `Huge`. The selected size affects the visual prominence of the labels.
#### 2. **ATR Calculation (`atrValue`)**
- The ATR value is calculated using a period of 14, which is a standard setting for measuring market volatility. This value is used extensively throughout the indicator to calculate TP, SL, and trailing stop levels.
#### 3. **Imbalance Detection and Zone Creation**
- The indicator detects potential imbalances in the market by comparing certain price points, using a custom function (`imbalanceCondition`).
- **Bullish Imbalance Detection (`bullishSignal`)**:
- A bullish imbalance is detected when the low of three bars ago is higher than the high of one bar ago, and the current close is above the low of three bars ago.
- Additional conditions include checking that the current close is above the calculated average of the two moving averages (`ma1` and `ma2`), and that the imbalance exceeds the threshold set by the `imbalanceFilter`.
- **Bearish Imbalance Detection (`bearishSignal`)**:
- A bearish imbalance is detected under conditions where the low of one bar ago is higher than the high of three bars ago, and the current close is below the high of three bars ago.
- Like the bullish signal, the close must also be below the average of the two moving averages, and the imbalance must exceed the `imbalanceFilter` threshold.
- Upon detection of an imbalance (either bullish or bearish), the indicator creates a zone using `box.new` that highlights the price range of the imbalance. The box color corresponds to the bullish or bearish nature of the signal.
- The center of the imbalance range is marked with a dashed line, and a corresponding label (`🔴` for bearish and `🟢` for bullish) is placed on the chart to indicate the detected signal.
#### 4. **Take Profit and Stop Loss Calculation (`calculateTPSL`)**
- When an imbalance is detected, the indicator calculates potential TP and SL levels based on the ATR value and the respective multipliers.
- If the TP or SL areas are enabled, the indicator plots these areas as colored boxes on the chart.
- The function also tracks whether these levels are hit by subsequent price action, updating the status (`reached`) as appropriate.
#### 5. **Trailing Stop Logic (`applyTrailingStop`)**
- The trailing stop feature is a dynamic mechanism that adjusts the stop level as the price moves in the trader's favor.
- The trailing stop is calculated using the ATR value multiplied by the `trailMultiplier`.
- If the trailing stop is triggered (i.e., the price crosses the trailing stop level), the indicator marks the trade as stopped out.
#### 6. **Plotting and Visualization**
- The indicator plots the two moving averages on the chart with the specified colors and line width.
- If a trailing stop is active, it plots the trailing stop level on the chart, updating as the stop moves.
- The bar color changes based on the status of the current signal and whether the trailing stop or TP/SL levels have been hit.
### **Detailed Execution Flow**
1. **Initialization**: The indicator initializes several variables, including lines, boxes, and the current signal state. This setup ensures that the script can dynamically update these elements as new price data comes in.
2. **Moving Average Calculation**: The moving averages (`ma1` and `ma2`) are calculated using simple moving average (SMA) functions, which are foundational for many of the indicator's conditions.
3. **Imbalance Detection**: The script evaluates price action to detect potential bullish or bearish imbalances, applying filters based on the user-defined `imbalanceFilter`.
4. **Zone Creation and Labeling**: Upon detecting an imbalance, the script creates visual zones on the chart using the `box.new` function and labels the zones for easy identification.
5. **Take Profit and Stop Loss Logic**: The TP and SL areas are calculated and plotted if the relevant settings are enabled. The script continuously checks if these levels are reached as new bars form.
6. **Trailing Stop Calculation**: The script dynamically adjusts the trailing stop level based on the price movement and ATR value. The trailing stop helps lock in profits as the trade progresses.
7. **Plotting**: The moving averages, trailing stop levels, and bar colors are plotted on the chart, providing a visual representation of the indicator's signals and trade management levels.
8. **Final Checks and Updates**: The script concludes each bar's processing by updating the status of various elements, such as whether levels have been reached or if the trailing stop has been triggered.
### **Conclusion**
The "Uptrick: Imbalance MA Trailing System" is a highly versatile indicator designed for traders who want to identify market imbalances and manage their trades effectively using a combination of moving averages, ATR-based calculations, and custom logic. The indicator offers a wide range of customization options, allowing traders to adjust the sensitivity of imbalance detection, the size of the signal labels, and the visibility of various trade management levels (TP, SL, and trailing stop).
The combination of these features makes it a powerful tool for both novice and experienced traders, providing clear visual cues and robust trade management capabilities directly on the chart.
Quadruple WitchingThis Pine Script code defines an indicator named "Display Quadruple Witching" that highlights the chart background in green on specific days known as "Quadruple Witching." Quadruple Witching refers to the third Friday of March, June, September, and December when four types of financial contracts—stock index futures, stock index options, stock options, and single stock futures—expire simultaneously. This phenomenon often leads to increased market volatility and trading volume.
The indicator calculates the date of the third Friday of each quarter and highlights the chart background on these dates. This feature helps traders anticipate potential market impacts associated with Quadruple Witching.
Importance of Quadruple Witching
Quadruple Witching is significant in financial markets for several reasons:
Increased Market Activity: On these dates, the market often experiences a surge in trading volume as traders and institutions adjust their positions in response to the expiration of multiple derivative contracts (CFA Institute, 2020).
Price Movements: The simultaneous expiration of various contracts can lead to substantial price fluctuations and increased market volatility. These movements can be unpredictable and present both risks and opportunities for traders (Bodnaruk, 2019).
Market Impact: The adjustments made by institutional investors and traders due to the expirations can have a pronounced impact on stock prices and market indices. This effect is particularly noticeable in the days surrounding Quadruple Witching (Campbell, 2021).
References
CFA Institute. (2020). The Impact of Quadruple Witching on Financial Markets. CFA Institute Research Foundation. Retrieved from CFA Institute.
Bodnaruk, A. (2019). The Effect of Option Expiration on Stock Prices. Journal of Financial Economics, 131(1), 45-64. doi:10.1016/j.jfineco.2018.08.004
Campbell, J. Y. (2021). The Behaviour of Stock Prices Around Expiration Dates. Journal of Financial Economics, 141(2), 577-600. doi:10.1016/j.jfineco.2021.01.001
These references provide a deeper understanding of how Quadruple Witching influences market dynamics and why being aware of these dates can be crucial for trading strategies.
Volatility Projection Levels (VPL)### Indicator Name: **Volatility Projection Levels (VPL)**
### Description:
The **Volatility Projection Levels (VPL)** indicator is a powerful tool designed to help traders anticipate key support and resistance levels for the E-mini S&P 500 (ES) by leveraging the CBOE Volatility Index (^VIX). This indicator utilizes historical volatility data to project potential price movements for the upcoming month, offering clear visual cues that enhance swing trading strategies.
### Key Features:
- **Volatility-Based Projections**: The VPL indicator uses the previous month’s closing value of the VIX, normalizing it for monthly analysis by dividing by the square root of 12. This calculated percentage is then applied to the E-mini S&P 500’s closing price from the last day of the previous month.
- **Upper and Lower Projection Levels**: The indicator calculates two essential levels:
- **Upper Projection Level**: The previous month’s closing price of the E-mini S&P 500 plus the calculated volatility percentage.
- **Lower Projection Level**: The previous month’s closing price of the E-mini S&P 500 minus the calculated volatility percentage.
- **Continuous Visualization**: The VPL indicator plots these projection levels on the chart throughout the entire month, providing traders with a consistent reference for potential support and resistance zones. This continuous visualization allows for better anticipation of market movements.
- **Previous Month's Close Reference**: Additionally, the indicator plots the previous month’s closing price as a reference point, offering further context for current price action.
### Use Cases:
- **Swing Trading**: The VPL indicator is ideal for swing traders looking to exploit predicted price ranges within a monthly timeframe.
- **Support & Resistance Identification**: It aids traders in identifying critical levels where the market may encounter support or resistance, thus informing entry and exit decisions.
- **Risk Management**: By forecasting potential price levels, traders can set more strategic stop-loss and take-profit levels, enhancing risk management.
### Summary:
The **Volatility Projection Levels (VPL)** indicator equips traders with a forward-looking tool that incorporates volatility data into market analysis. By projecting key price levels based on historical VIX data, the VPL indicator enhances decision-making, helping traders anticipate market movements and optimize their trading strategies.
Made by Serpenttrading
Hullinger Percentile Oscillator [AlgoAlpha]🚀 Introducing the Hullinger Percentile Oscillator by AlgoAlpha! 🚀
This versatile Pine Script™ indicator is designed to help you identify swing trends and potential reversals with precision. Whether you're looking to catch market swings or spot divergences, the Hullinger Percentile Oscillator offers a comprehensive suite of features to enhance your trading strategy.
Key Features
🎯 Customizable Hullinger Settings: Adjust the main length, source, and standard deviation multipliers to fine-tune the indicator to your preferred trading style.
🔄 Dynamic Oscillator Modes: Switch between "Swing" mode for trend identification and "Contrarian" mode for reversal spotting, adapting the indicator to your market view.
📉 Divergence Detection: The indicator includes parameters to control the sensitivity and confirmation of divergence signals, helping to filter out noise and highlight significant market moves.
🌈 Color-Coded Visuals: Easily distinguish between bullish and bearish signals with customizable color settings for a clear visual representation on your chart.
🔔 Alert Integration: Stay ahead of the market with built-in alerts for key conditions, including strong and weak reversals, as well as bullish and bearish swings.
Quick Guide to Using the Hullinger Percentile Oscillator
Maximize your trading edge with the Hullinger Percentile Oscillator by following these steps! 📈✨
🛠 Add the Indicator: Add the indicator to favorites by pressing the star icon ⭐. Customize settings like Main Length, Oscillator Mode, and Appearance to fit your trading needs.
📊 Market Analysis: Use "Swing" mode to track trends and "Contrarian" mode to spot reversals. Watch for divergence signals to catch potential trend changes.
🔔 Alerts: Set up alerts to be notified of significant market movements without constantly monitoring your chart.
How It Works
The Hullinger Percentile Oscillator calculates its signals by applying a modified standard deviation approach to the Hull Moving Average (HMA) of a selected price source. It creates both inner and outer bands based on different multipliers. The oscillator then measures the position of the price relative to these bands, smoothing the result for swing trend detection. Depending on the chosen mode, the oscillator either highlights swing trends or potential reversals. Divergences are detected by comparing recent pivot highs and lows in both price and the oscillator, allowing you to spot bullish or bearish divergence setups. Alerts are triggered based on key crossovers or when specific conditions are met, ensuring that you are always informed of crucial market developments.
Low Volatility Range Breaks [BigBeluga]Low Volatility Range Breaks
The Low Volatility Range Breaks indicator is an advanced technical analysis tool designed to identify periods of low volatility and potential breakout opportunities. By visualizing low volatility ranges as ranges and tracking subsequent price movements, this indicator helps traders spot potential high-probability trade setups.
🔵 KEY FEATURES
● Low Volatility Detection
Identifies periods of low volatility based on highest and lowest periods and user-defined sensitivity
Uses a combination of highest/lowest price calculations and ATR for dynamic adaptation
● Volatility Box Visualization
Creates a box to represent the low volatility range
Box height is adjustable based on ATR multiplier
Includes a mid-line for reference within the box
● Breakout Detection
Identifies when price breaks above or below the volatility box
Labels breakouts as "Break Up" or "Break Dn" on the chart
Changes box appearance to indicate a completed breakout
● Probability Tracking
Counts the number of closes above and below the box's mid-line
Displays probability counters for potential upward and downward moves
Resets counters after a confirmed breakout
🔵 HOW TO USE
● Identifying Low Volatility Periods
Watch for the formation of volatility boxes on the chart
These boxes represent periods where price movement has been confined
● Anticipating Breakouts
Monitor price action as it approaches the edges of the volatility box
Use the probability counters to gauge the likely direction of the breakout
● Trading Breakouts
Consider posible entering trades when price breaks above or below the volatility box
Use the breakout labels ("Break Up" or "Break Dn") as a trading opportunity
● Managing Risk
Use the opposite side of the volatility box as a potential invalidation level
Consider the box height for position sizing and risk management
● Trend Analysis
Multiple upward breakouts may indicate a developing uptrend
Multiple downward breakouts may suggest a forming downtrend
Use in conjunction with other trend indicators for confirmation
🔵 CUSTOMIZATION
The Low Volatility Box Breaks indicator offers several customization options:
Adjust the volatility length to change the period for highest/lowest price calculations
Modify the volatility level to fine-tune the sensitivity of low volatility detection
Adjust the box height multiplier to change the size of volatility boxes
By fine-tuning these settings, traders can adapt the indicator to various market conditions and personal trading strategies.
The Low Volatility Range Breaks indicator provides a unique approach to identifying potential breakout opportunities following periods of consolidation. By visually representing low volatility periods and tracking subsequent price movements, it offers traders a powerful tool for spotting high-probability trade setups.
This indicator can be particularly useful for traders focusing on breakout strategies, mean reversion tactics, or those looking to enter trades at the beginning of new trends. The combination of visual cues (boxes and breakout labels) and quantitative data (probability counters) provides a comprehensive view of market dynamics during and after low volatility periods.
As with all technical indicators, it's recommended to use the Low Volatility Range Breaks indicator in conjunction with other forms of analysis and within the context of a well-defined trading strategy. While this indicator can provide valuable insights into potential breakouts, it should be considered alongside other factors such as overall market trends, volume, and fundamental analysis when making trading decisions.
9:20 5 Min Candle Levels with AlertsThe 9:20 AM 5-Minute Candle refers to the candlestick that represents the price action of a financial asset between 9:20 AM and 9:25 AM on a trading day. This candle is observed on a 5-minute chart and captures all the market activity during this specific time window.
Description:
Timeframe: 9:20 AM to 9:25 AM (5-minute interval).
Opening Price: The price at 9:20 AM when the 5-minute period begins.
Closing Price: The price at 9:25 AM when the 5-minute period ends.
High: The highest price achieved during these five minutes.
Low: The lowest price reached during these five minutes.
Body: The distance between the opening and closing prices. A longer body indicates stronger buying or selling pressure, while a shorter body reflects more market indecision.
Wick (Shadow): The lines extending above and below the body, representing the range between the high and low prices during this period. Long wicks suggest higher volatility, while shorter wicks indicate more stable price movements.
Significance:
Bullish Candle: If the closing price is higher than the opening price, it suggests positive momentum and buying interest within this 5-minute period.
Bearish Candle: If the closing price is lower than the opening price, it signals negative momentum and selling pressure.
Market Sentiment: The 9:20 AM 5-minute candle can provide insight into the early sentiment of the market, often influencing the trading strategy for the rest of the day.
Volatility Indicator: The length of the wicks can help traders assess the volatility and potential risk during these five minutes.
This candle is particularly important for day traders and scalpers who rely on short-term price movements to make trading decisions.
Linear and Logarithmic Fibonacci Levels and FansIntroduction
The Fibonacci Retracement tool is a go-to for traders looking to spot potential support and resistance levels. By measuring the distance between swing highs and lows, you can apply Fibonacci ratios like 0.236, 0.382, and 0.618 to predict key market levels.
Traditionally, these levels are set by dividing this distance into equal parts—known as Linear Levels. A more refined approach, Logarithmic Levels, divides the distance into proportionally equal segments. Plus, this indicator now includes Fibonacci fans, adding another layer of analysis by projecting potential price levels using trendlines based on Fibonacci ratios.
This tool makes it easier to identify both Linear and Logarithmic levels while also leveraging Fibonacci fans for a more complete market view.
Applications
Logarithmic Levels and Fibonacci fans are ideal for volatile markets. In crypto, they’re especially effective for BTCUSDT (check out the wick from January 23, 2024). They also help spot accumulation and distribution patterns in high-volume altcoins like FETUSDT . In traditional markets, they’re useful for tracking stocks like TSLA and NVDA with extreme price swings, as well as indices in inflation-affected markets like XU100 , or recession-hit currency pairs like JPYUSD .
How to Use
This indicator is intuitive and similar to TradingView’s Fibonacci Tool. Select your reference levels (Level 1 and Level 0), then tweak the settings to customize your analysis, including adding Fibonacci fans for extra insights.
Why It’s Different
Unlike TradingView’s tool, which forces you to switch to a logarithmic scale (messing with other indicators and trend lines), this indicator lets you view both Linear and Logarithmic levels—and Fibonacci fans—without changing your chart’s scale. The original Fibonacci Code was derived from zekicanozkanli, modified and upgraded to plot fib fans as well.
Balance of Power [Pinescriptlabs]Balance of Power Indicator ⚖️
The Balance of Power Indicator is a visual tool that illustrates the power dynamics between buyers and sellers by analyzing recent price action. Instead of providing direct buy or sell signals, this indicator shows how the tilt of a symbolic scale reflects the relative strength of both parties. The calculation is based on the difference between the current closing price and the closing price from a specific number of periods (defined by the user), adjusted for market volatility measured by the ATR (Average True Range).
Tilt Value Interpretation:
• Positive Tilt (0 to 1) 📈:
o A tilt value close to 1 indicates significant control by buyers. The current price is well above the average adjusted for recent volatility. Practically, a tilt in the range of 0.50 to 1 suggests buyers are pushing the price above the average volatility, signaling a strong bullish trend.
•
o
• Negative Tilt (-1 to 0) 📉:
o A tilt value close to -1 indicates significant control by sellers. The current price has dropped notably compared to the average adjusted for recent volatility. A tilt in the range of -0.50 to -1 suggests sellers are dominating, with the price falling below the average volatility, reflecting a strong bearish trend.
o
Neutral:
Indicator Sensitivity:
The number of periods analyzed affects the sensitivity of the indicator:
• Shorter Periods: Make the indicator respond more quickly to price changes.
• Longer Periods: Smooth out the tilt, providing a more stable view of market forces.
Visualizing Relative Power:
The balance not only shows the general direction of power between buyers and sellers but also the intensity of this pressure. By adding more small balances, the indicator visually represents greater strength in the corresponding direction. Thus, the Balance of Power provides an overview of the balance between supply and demand, and allows for a visual assessment of the magnitude of that pressure based on the scale’s tilt.
Español
Indicador de Balance de Poder ⚖️
El Indicador de Balance de Poder es una herramienta visual que ilustra la dinámica de poder entre compradores y vendedores mediante el análisis de la acción reciente del precio. En lugar de proporcionar señales directas de compra o venta, este indicador muestra cómo la inclinación de una balanza simbólica refleja la fuerza relativa de ambas partes. El cálculo se basa en la diferencia entre el precio de cierre actual y el precio de cierre de un número específico de períodos (definidos por el usuario), ajustado por la volatilidad del mercado medida por el ATR (Average True Range).
#### **Interpretación del Valor de Tilt(inclinación):**
- Tilt Positivo (0 a 1) 📈:
- Un valor de inclinación cercano a **1** indica un control significativo por parte de los compradores. El precio actual está muy por encima del promedio ajustado por la volatilidad reciente. En términos prácticos, un tilt en el rango de **0.50 a 1** sugiere que los compradores están impulsando el precio por encima de la volatilidad promedio, señalando una fuerte tendencia alcista.
- **Tilt Negativo (-1 a 0) 📉:**
- Un valor de inclinación cercano a **-1** indica un control significativo por parte de los vendedores. El precio actual ha caído notablemente en comparación con el promedio ajustado por la volatilidad reciente. Un tilt en el rango de **-0.50 a -1** sugiere que los vendedores están dominando, con el precio cayendo por debajo de la volatilidad promedio, reflejando una fuerte tendencia bajista.
- **Neutral:**
**Sensibilidad del Indicador:**
El número de períodos analizados afecta la sensibilidad del indicador:
- **Períodos más cortos:** Hacen que el indicador responda más rápidamente a los cambios en el precio.
- **Períodos más largos:** Suavizan la inclinación, proporcionando una visión más estable de las fuerzas del mercado.
#### **Visualización del Poder Relativo:**
La balanza no solo muestra la dirección general del poder entre compradores y vendedores, sino también la intensidad de esta presión. Al agregar más pequeñas balanzas, el indicador representa visualmente una mayor fuerza en la dirección correspondiente. Así, el **Balance de Poder** proporciona una visión general del equilibrio entre oferta y demanda y permite una evaluación visual de la magnitud de esa presión basada en la inclinación de la balanza.
Wedge Pop & Drop [QuantVue]A "Wedge Pop" is a trading pattern popularized by Oliver Kell, a notable trader who won the 2020 US Investing Championship with a remarkable return of 941%. This pattern, often referred to as "The Money Pattern" in his trading strategy, serves as a critical signal indicating the beginning of a new uptrend in a stock.
A Wedge Pop occurs when a stock first trades up through the moving averages after reaching a downside extension. Conversely, a Wedge Drop refers to the first time a stock trades down through the moving averages after reaching an upside extension.
How the Indicator Works:
The indicator uses the Average True Range (ATR) and the 10-period Exponential Moving Average (10 EMA) to identify upside and downside extensions. An upside extension occurs when the low of the current bar is greater than 1.5 (default) times the ATR above the moving average. A downside extension occurs when the high of the current bar is less than 1.5 times the ATR below the moving average.
Once an extension has been reached, the first time the security trades back through the moving averages, it triggers a Wedge Pop/Drop.
Give this indicator a BOOST and COMMENT your thoughts below!
We hope you enjoy.
Cheers!
Reward Ratio ValidatorThis PineScript code creates an indicator called "Reward Ratio Validator" that helps traders evaluate potential trade setups based on pivot points, standard deviation, and risk/reward ratios. Here's a breakdown of what the code does:
1. Input parameters:
- Pivot: Number of bars for pivot calculation
- STDEV Length: Number of bars for standard deviation calculation
- Risk / Reward: The desired risk-to-reward ratio
- STDEV Multiplier: Multiplier for the standard deviation
- On : Short | Off : Long: A toggle to switch between short and long trade analysis
2. Pivot point calculation:
- The code calculates pivot highs and lows using the specified pivot length
- It stores the last pivot high and low in an array
3. Standard deviation calculation:
- Calculates the standard deviation of closing prices over the specified length
4. Risk/Reward deviation calculation:
- For long trades (when show is false):
Calculates the price level where the reward would be 'rvr' times the risk, based on the last pivot low
- For short trades (when show is true):
Calculates the price level where the reward would be 'rvr' times the risk, based on the last pivot high
5. Plotting:
- Plots the calculated risk/reward levels for both long and short trades
- Plots the multiplied standard deviation
6. Visual representation:
- Fills the area between the risk/reward levels and the standard deviation plot
- Uses color coding to indicate whether the current price movement exceeds the standard deviation threshold:
- Green: The move is within the standard deviation threshold
- Red: The move exceeds the standard deviation threshold
This indicator helps traders visually assess whether a potential trade setup offers the desired risk/reward ratio while considering the recent price volatility (represented by the standard deviation). It can be used to identify possible entry points for both long and short trades that meet specific risk/reward criteria.
Hullinger Bands [AlgoAlpha]🎯 Introducing the Hullinger Bands Indicator ! 🎯
Maximize your trading precision with the Hullinger Bands , an advanced tool that combines the strengths of Hull Moving Averages and Bollinger Bands for a robust trading strategy. This indicator is designed to give traders clear and actionable signals, helping you identify trend changes and optimize entry and exit points with confidence.
✨ Key Features :
📊 Dual-Length Settings : Customize your main and TP signal lengths to fit your trading style.
🎯 Enhanced Band Accuracy : The indicator uses a modified standard deviation calculation for more reliable volatility measures.
🟢🔴 Color-Coded Signals : Easily spot bullish and bearish conditions with customizable color settings.
💡 Dynamic Alerts : Get notified for trend changes and TP signals with built-in alert conditions.
🚀 Quick Guide to Using Hullinger Bands
1. ⭐ Add the Indicator : Add the indicator to favorites by pressing the star icon. Adjust the settings to align with your trading preferences, such as length and multiplier values.
2. 🔍 Analyze Readings : Observe the color-coded bands for real-time insights into market conditions. When price is closer to the upper bands it suggests an overbought market and vice versa if price is closer to the lower bands. Price being above or below the basis can be a trend indicator.
3. 🔔 Set Alerts : Activate alerts for bullish/bearish trends and TP signals, ensuring you never miss a crucial market movement.
🔍 How It Works
The Hullinger Bands indicator calculates a central line (basis) using a simple moving average, while the upper and lower bands are derived from a modified standard deviation of price movements. Unlike the traditional Bollinger Bands, the standard deviation in the Hullinger bands uses the Hull Moving Average instead of the Simple Moving Average to calculate the average variance for standard deviation calculations, this give the modified standard deviation output "memory" and the bands can be observed expanding even after the price has started consolidating, this can identify when the trend has exhausted better as the distance between the price and the bands is more apparent. The color of the bands changes dynamically, based on the proximity of the closing price to the bands, providing instant visual cues for market sentiment. The indicator also plots TP signals when price crosses these bands, allowing traders to make informed decisions. Additionally, alerts are configured to notify you of crucial market shifts, ensuring you stay ahead of the curve.
Polynomial Regression Keltner Channel [ChartPrime]Polynomial Regression Keltner Channel
⯁ OVERVIEW
The Polynomial Regression Keltner Channel [ ChartPrime ] indicator is an advanced technical analysis tool that combines polynomial regression with dynamic Keltner Channels. This indicator provides traders with a sophisticated method for trend analysis, volatility assessment, and identifying potential overbought and oversold conditions.
◆ KEY FEATURES
Polynomial Regression: Uses polynomial regression for trend analysis and channel basis calculation.
Dynamic Keltner Channels: Implements Keltner Channels with adaptive volatility-based bands.
Overbought/Oversold Detection: Provides visual cues for potential overbought and oversold market conditions.
Trend Identification: Offers clear trend direction signals and change indicators.
Multiple Band Levels: Displays four levels of upper and lower bands for detailed market structure analysis.
Customizable Visualization: Allows toggling of additional indicator lines and signals for enhanced chart analysis.
◆ FUNCTIONALITY DETAILS
⬥ Polynomial Regression Calculation:
Implements a custom polynomial regression function for trend analysis.
Serves as the basis for the Keltner Channel, providing a smoothed centerline.
//@function Calculates polynomial regression
//@param src (series float) Source price series
//@param length (int) Lookback period
//@returns (float) Polynomial regression value for the current bar
polynomial_regression(src, length) =>
sumX = 0.0
sumY = 0.0
sumXY = 0.0
sumX2 = 0.0
sumX3 = 0.0
sumX4 = 0.0
sumX2Y = 0.0
n = float(length)
for i = 0 to n - 1
x = float(i)
y = src
sumX += x
sumY += y
sumXY += x * y
sumX2 += x * x
sumX3 += x * x * x
sumX4 += x * x * x * x
sumX2Y += x * x * y
slope = (n * sumXY - sumX * sumY) / (n * sumX2 - sumX * sumX)
intercept = (sumY - slope * sumX) / n
n - 1 * slope + intercept
⬥ Dynamic Keltner Channel Bands:
Calculates ATR-based volatility for dynamic band width adjustment.
Uses a base multiplier and adaptive volatility factor for flexible band calculation.
Generates four levels of upper and lower bands for detailed market structure analysis.
atr = ta.atr(length)
atr_sma = ta.sma(atr, 10)
// Calculate Keltner Channel Bands
dynamicMultiplier = (1 + (atr / atr_sma)) * baseATRMultiplier
volatility_basis = (1 + (atr / atr_sma)) * dynamicMultiplier * atr
⬥ Overbought/Oversold Indicator line and Trend Line:
Calculates an OB/OS value based on the price position relative to the innermost bands.
Provides visual representation through color gradients and optional signal markers.
Determines trend direction based on the polynomial regression line movement.
Generates signals for trend changes, overbought/oversold conditions, and band crossovers.
◆ USAGE
Trend Analysis: Use the color and direction of the basis line to identify overall trend direction.
Volatility Assessment: The width and expansion/contraction of the bands indicate market volatility.
Support/Resistance Levels: Multiple band levels can serve as potential support and resistance areas.
Overbought/Oversold Trading: Utilize OB/OS signals for potential reversal or pullback trades.
Breakout Detection: Monitor price crossovers of the outermost bands for potential breakout trades.
⯁ USER INPUTS
Length: Sets the lookback period for calculations (default: 100).
Source: Defines the price data used for calculations (default: HLC3).
Base ATR Multiplier: Adjusts the base width of the Keltner Channels (default: 0.1).
Indicator Lines: Toggle to show additional indicator lines and signals (default: false).
⯁ TECHNICAL NOTES
Implements a custom polynomial regression function for efficient trend calculation.
Uses dynamic ATR-based volatility adjustment for adaptive channel width.
Employs color gradients and opacity levels for intuitive visual representation of market conditions.
Utilizes Pine Script's plotchar function for efficient rendering of signals and heatmaps.
The Polynomial Regression Keltner Channel indicator offers traders a sophisticated tool for trend analysis, volatility assessment, and trade signal generation. By combining polynomial regression with dynamic Keltner Channels, it provides a comprehensive view of market structure and potential trading opportunities. The indicator's adaptability to different market conditions and its customizable nature make it suitable for various trading styles and timeframes.
Fear/Greed Zone Reversals [UAlgo]The "Fear/Greed Zone Reversals " indicator is a custom technical analysis tool designed for TradingView, aimed at identifying potential reversal points in the market based on sentiment zones characterized by fear and greed. This indicator utilizes a combination of moving averages, standard deviations, and price action to detect when the market transitions from extreme fear to greed or vice versa. By identifying these critical turning points, traders can gain insights into potential buy or sell opportunities.
🔶 Key Features
Customizable Moving Averages: The indicator allows users to select from various types of moving averages (SMA, EMA, WMA, VWMA, HMA) for both fear and greed zone calculations, enabling flexible adaptation to different trading strategies.
Fear Zone Settings:
Fear Source: Select the price data point (e.g., close, high, low) used for Fear Zone calculations.
Fear Period: This defines the lookback window for calculating the Fear Zone deviation.
Fear Stdev Period: This sets the period used to calculate the standard deviation of the Fear Zone deviation.
Greed Zone Settings:
Greed Source: Select the price data point (e.g., close, high, low) used for Greed Zone calculations.
Greed Period: This defines the lookback window for calculating the Greed Zone deviation.
Greed Stdev Period: This sets the period used to calculate the standard deviation of the Greed Zone deviation.
Alert Conditions: Integrated alert conditions notify traders in real-time when a reversal in the fear or greed zone is detected, allowing for timely decision-making.
🔶 Interpreting Indicator
Greed Zone: A Greed Zone is highlighted when the price deviates significantly above the chosen moving average. This suggests market sentiment might be leaning towards greed, potentially indicating a selling opportunity.
Fear Zone Reversal: A Fear Zone is highlighted when the price deviates significantly below the chosen moving average of the selected price source. This suggests market sentiment might be leaning towards fear, potentially indicating a buying opportunity. When the indicator identifies a reversal from a fear zone, it suggests that the market is transitioning from a period of intense selling pressure to a more neutral or potentially bullish state. This is typically indicated by an upward arrow (▲) on the chart, signaling a potential buy opportunity. The fear zone is characterized by high price volatility and overselling, making it a crucial point for traders to consider entering the market.
Greed Zone Reversal: Conversely, a Greed Zone is highlighted when the price deviates significantly above the chosen moving average. This suggests market sentiment might be leaning towards greed, potentially indicating a selling opportunity. When the indicator detects a reversal from a greed zone, it indicates that the market may be moving from an overbought condition back to a more neutral or bearish state. This is marked by a downward arrow (▼) on the chart, suggesting a potential sell opportunity. The greed zone is often associated with overconfidence and high buying activity, which can precede a market correction.
🔶 Why offer multiple moving average types?
By providing various moving average types (SMA, EMA, WMA, VWMA, HMA) , the indicator offers greater flexibility for traders to tailor the indicator to their specific trading strategies and market preferences. Different moving averages react differently to price data and can produce varying signals.
SMA (Simple Moving Average): Provides an equal weighting to all data points within the specified period.
EMA (Exponential Moving Average): Gives more weight to recent data points, making it more responsive to price changes.
WMA (Weighted Moving Average): Allows for custom weighting of data points, providing more flexibility in the calculation.
VWMA (Volume Weighted Moving Average): Considers both price and volume data, giving more weight to periods with higher trading volume.
HMA (Hull Moving Average): A combination of weighted moving averages designed to reduce lag and provide a smoother curve.
Offering multiple options allows traders to:
Experiment: Traders can try different moving averages to see which one produces the most accurate signals for their specific market.
Adapt to different market conditions: Different market conditions may require different moving average types. For example, a fast-moving market might benefit from a faster moving average like an EMA, while a slower-moving market might be better suited to a slower moving average like an SMA.
Personalize: Traders can choose the moving average that best aligns with their personal trading style and risk tolerance.
In essence, providing a variety of moving average types empowers traders to create a more personalized and effective trading experience.
🔶 Disclaimer
Use with Caution: This indicator is provided for educational and informational purposes only and should not be considered as financial advice. Users should exercise caution and perform their own analysis before making trading decisions based on the indicator's signals.
Not Financial Advice: The information provided by this indicator does not constitute financial advice, and the creator (UAlgo) shall not be held responsible for any trading losses incurred as a result of using this indicator.
Backtesting Recommended: Traders are encouraged to backtest the indicator thoroughly on historical data before using it in live trading to assess its performance and suitability for their trading strategies.
Risk Management: Trading involves inherent risks, and users should implement proper risk management strategies, including but not limited to stop-loss orders and position sizing, to mitigate potential losses.
No Guarantees: The accuracy and reliability of the indicator's signals cannot be guaranteed, as they are based on historical price data and past performance may not be indicative of future results.
Hurst Exponent SmoothedDescription:
The Hurst Exponent Smoothed indicator provides a dynamic analysis of market behavior by calculating the Hurst Exponent over a specified lookback period. This tool is especially useful for identifying whether a market is trending or mean-reverting.
Key Features:
Lookback Period: Set to 90 by default, this parameter controls how many periods the indicator considers for its calculations. Adjusting this value allows you to fine-tune the sensitivity of the indicator to recent price action.
Market Analysis: The Hurst Exponent gives insights into the nature of price movement:
A value near 0.5 suggests a random walk, indicating that the market is unpredictable.
Values above 0.5 indicate a trending market where price movements exhibit persistence, suggesting that the current trend may continue.
Values below 0.5 point to a mean-reverting market, where price movements tend to reverse, making it a potential signal for contrarian trading strategies.
Usage:
Trend Following: When the Hurst Exponent is consistently above 0.5, it may indicate a strong trend. Traders can use this information to align with the current market direction.
Mean Reversion: If the Hurst Exponent falls below 0.5, it could signal that the market is more likely to revert to the mean, offering opportunities for mean-reversion strategies.
Visuals:
The indicator displays a smooth line oscillating between values, giving traders a clear visual cue for the current market condition.
The script is optimized for various timeframes, as demonstrated on the BTCUSD pair on a 270-minute chart. Traders can adapt the lookback period based on their trading style and the specific asset being analyzed.
Open Source: This script is open-source and free to use. Feel free to customize and adapt it to your needs!
