Fibo Candle Middle LineAdopt the idea of Fibo retracement 50% line, if a retracement move more than 50%, it is likely that the retracement will continue and made a new high or new low with 1.618 ratio from the middle line. You will find that the fibo 50% line also works as a support and resistance. The Dotted line is the projected 1.618 fibo target.
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Chaikin Volume AccumulatorThe Volume Accumulator is used in technical analysis to identify strengths and weaknesses in a market. It is derived from the On Balance Volume indicator, except that instead of giving all the volume to bears on red days and bulls on green days it gives a proportional amount to both depending on the relative close price. As with many trading indicators, classic divergence between the VA and the close price may indicate an incoming reversal.
As a general rule of thumb:
Price Up:
VA up = clear uptrend
VA sideways = moderate uptrend
VA down = weak uptrend
Price Sideways:
VA up = accumulation
VA sideways = no bias
VA down = distribution
Price Down
VA up = weak downtrend
VA sideways = moderate downtrend
VA down = strong downtrend
Connors-Hayward Advance-Decline Trading PatternsThe following is an excerpt from Investment Secrets of a Hedge Fund Manager
"The Connors-Hayward Advance-Decline Trading Pattern (CHADTP) is a proprietary indicator we use to identify short- and intermediate-term overbought and oversold conditions for the stock market and the S&P 500 futures market...
Construction of the CHADTP indicator is simple:
Add the past five day's advancing issues from the New York Stock Exchange.
Add the past five day's declining issues from the NYSE.
Subtract #2 from #1.
Divide by five.
Here are the two rules to trade CHADTP:
When the five-day reading is above +400, the market is overbought; and when the five day reading is below -400, the market is oversold.
Unfortunately, just because the indicator is -400 does not mean we can blindly buy the market, and just because the indicator is +400 does not mean we should be a seller of the market.
Whenever we get an overbought or oversold reading, we wait for a specific price reversal before entering. When the CHADTP number is +400 or more, we will sell the market only after the S&P 500 futures trade .10 points below the previous day's low. For example, if we get a reading of +422 and today's low is 453.80 we will take a sell signal only if the market trades at 453.70 or below tomorrow. If tomorrow the market low is 454.60, and the CHADTP is above 400, we will only sell if the market trades at 454.50 or below the next day, and so on. On the buy side, if today's CHADTP number is -400 or less, we will buy only after tomorrow's S&P trades .10 points above today's high, and so on."
Note from Technicus Capital:
This method was created in 1995. Today, the volume and volatility of markets is much more significant and therefore the original overbought/oversold levels are no longer relevant.
OBV Overbuy+sell Oscillator[RSU]On-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits.
This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and oversold phenomenon of the OBV indicator.
The characteristics of Bollinger Bands: According to the normal distribution phenomenon, only 5% of the cases will exceed 2 times the standard deviation of the Bollinger Bands . So when it exceeds, I use colors to mark red overbought and green oversold situations.
Usage:
1.Identify trends: Identify current stock trends by OBV's 30 average line color.
2.Breakthrough:OBV Breakthrough 30 average,signal trend may reversal.
3.Oversell and overbuy:A break below overbuy could signal a temporary end to the uptrend.
4.Divergence:When the slope of the two highs is opposite to the slope of the two highs of the indicator, a trend reversal signal may occur.
Advance/Decline Line [IQ]Advance/Decline Line is a Market Breath indicator.
A/D line calculates a ratio between total number stocks advancing and total number of stocks in one day, providing another way to grasp the market breath at any moment.
We think the indicator covers the whole market, as we use data from the three main exchanges: NYSE, NASDAQ and AMEX.
The New York Stock Exchange (NYSE), nicknamed "The Big Board") is by far the world's largest stock exchange by market capitalization of its listed companies.
The Nasdaq Stock Market (NASDAQ) is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange.
The American Stock Exchange (AMEX) is the third largest stock exchange in the U.S. after the NYSE and the NASDAQ, and handles approximately 10% of all American trades.
How to interpret it:
Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside) and is market by a white bar (as signal).
Important:
For a better interpretation, the Advance/Decline Line indicator should be used in conjunction with other indicators (volatility, volume, etc.).
FaustFaust is a composite indicator that combines 3 volume indicators: TSV, OBV, and PVT.
TSV moving average is plotted as an oscillator. OBV and PVT are calculated internally.
Four divergences are calculated for each indicator (regular bearish, regular bullish, hidden bearish, and hidden bullish) with three look-back periods (high, mid, and small).
For TSV, the fattest plotted line is the divergence with the highest look-back period, and the thinnest line is the divergence with the shortest look-back period.
For PVT, the larger the circle, the higher the divergence look-back period.
For OBV, the larger the triangle, the higher the divergence look-back period.
NYSE New Highs vs New LowsNYSE New Highs vs New Lows is a simple market breadth indicator that compares HIGN, the number of new highs during that day, and LOWN, the number of new lows. The new highs are on top and lows are appropriately on bottom. Without averaging, it's a little chaotic so you can smooth them out as much as you want, and the top-right label shows how much you're smoothing.
Interpretation:
Essentially, we use $SPY or $QQQ as a proxy for what's going on in the market, but because the FAANG stocks are so heavily weighted, it's not always representative. If SPY is flat/down, but there are 200 new highs today, then one of the big boys is weighing down an otherwise very bullish market. It's like looking at one of those heatmap charts, but in a single number.
Bullish Trend
- Lots of new highs
- Very few new lows
Bearish Trend
- Lots of new lows
- Very few new highs
Potential Reversal
- Too high, 250+
- Too low, 150+
Market Breadth RatiosThis indicator provides breadth ratios for various indices/exchanges based on the up/down volume.
Breadth ratios included for NYSE, NASDAQ, AMEX, DJIA, ARCA, and and average.
Very straight forward to use, if the ratios is above 2, stocks should be in uptrend, below -2 stocks should trend down. In between 2 and -2 is going to be a choppy market.
FarmGroup RGLineИндикатор основан на линии сопротивления и поддержки. РАБОЧИЕ ТФ 4ч и 6ч , на других СТРОГО НЕ СОВЕТУЕМ РАБОТАТЬ
[VC] Box Chart Histogram V1.0V.C Box Chart Histogram draws the cumulative delta that correlates to another indicator named ''V.C Box Chart Index'' .
(In other words, ''V.C Box Chart Histogram'' & ''V.C Box Chart Index'' are correlated.)
V.C Box Chart Histogram draws the cumulative delta as histogram based on ''V.C Box Chart Index''. Combining these two indicators empowers you to see the cumulative demand & supply / cumulative buying & selling quantity of each box.
You can also switch from cumulative delta mode to cumulative delta % from input settings. See the difference between simple delta & delta % mode from these examples.
Simple Delta Mode (Cumulative Demand & Supply)
In the above example, green & red boxes on the histogram show the cumulative delta of each box from the main chart. In simple words, these boxes show the cumulative net demand & supply of the corresponding box from the main chart. In this example, Big green boxes indicate demand is increasing, whereas small red boxes indicate that supply is decreasing.
Delta % Mode (Cumulative Volume-Weighted Demand & Supply)
Similar to the simple delta mode, in the above example, blue & red boxes on the histogram show the cumulative delta % of each box from the main chart. In simple words, these boxes show the cumulative & volume-weighted demand & supply of the corresponding box from the main chart.
In this example, Big blue boxes indicate that demand is increasing, whereas small red boxes indicate that supply is decreasing.
V.C Box Chart Histogram Properties & Settings
Inputs
Choose Your Source:
Allow you to switch from simple delta to delta %
Choose color of the box on simple delta:
Allow you to change the color of the box
Choose color of the box on delta %:
Allow you to change the color of the box
Style
Positive & Negative Simple Delta:
Allow you to see the simple delta in the column format.
Positive & Negative Delta %:
Allow you to see the delta % in the column format.
Boxes:
Allow you to show/hide the boxes
NOTE: You can also see both delta formats in dual view mode. (in column & box at the same time to have a more precise & detailed look)
See Below Example
Disclaimer Note:
V.C Box Chart Histogram is not a Buy/Sell signal based indicator or a holy grail trading system. It is purely a leading indicator that can help you to analyse demand & supply and buying & selling forces of the market in a smart & effortless way. Before applying this indicator to your analysis, you should have some basic knowledge about volume, delta, & supply & demand. Some basic understanding of Sir Richerd Wyckoff's Theory can also be helpful.
Lowry Upside % VolumeThis script takes the total NYSE volume for the day and determines what percentage of that volume is Upside Volume (or buying volume).
What's different in this script compared to others is that the 3 most essential values determined by Paul F. Desmond's Dow Award-winning paper for Lowry's Reports are color coded:
1) 90% Upside Volume Day
2) 80% Upside Volume Day
3) 90% Downside Volume Day
According to Paul's award-winning research, these precise criteria are objective definitions of panic selling and panic buying and are generally near major market tops and bottoms.
His Dow Award-winning paper on the topic can be explored and scrutinized in more detail here:
docs.cmtassociation.org
Tick PlusTick Plus
Tick+ is an all-in-one market internals dashboard.
Tick+ features a real-time NYSE or NASDAQ Tick chart, a dynamic Advancers/Decliners vs. VOLD chart, a market internals table readout including both NYSE and NASDAQ instruments, defensive and cyclical sector’s, and daily inflow/out analysis. Also included are customizable symbols readouts, so you can keep an eye on securities that are important to you!
The Tick chart displays a candlestick TICK chart for your chosen exchange and keeps track of the current day's high tick and low tick. Drawn behind these are our Key Reversal Zones.
The Advancers/Decliners vs. VOLD chart dynamically scales both instruments together to easily detect divergences that are known to cut the noise from the market and give an accurate indication of the day's trend.
Market Sync Indicator
This is a small but powerful indicator that analyzes the inflow and outflow of each exchange's underlying securities. When all the markets are in harmony, it will print a green or red symbol below the tick chart. We have also included this signal within the internals table labeled “trending,” which is simply the same signal presented in a more apparent area. Alerts can also be set with these signals to take advantage of the system across tickers.
Note: A gray readout indicates that every market is not moving in the same direction at that moment.
This indicator has been made to be customizable to fit your individual layout style! You are able to stack the Tick & Comparison Charts, as well as display the tables vertically or horizontally!
Note: We are measuring % change of symbols from the daily open to current price, this is so you can make an analysis based on today's info.
All of the default settings are our recommended settings.
Please check the Author Instructions Below for how to gain access to our indicators.
Lowest / Highest From WidgetRecent events inspired me to create a small widget that allows you to spot from when current value is lowest / highest.
Just add it to chart and script will compute most recent day when price was higher / lower than current and it will display:
Line coming from that value to the current one
A table with previous low/high information
Thanks to @MUQWISHI to help me coding it.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Banknifty Major Component TableThe table presented here is comprised of major Banknifty Index constituents showing price change in percentage terms and RSI value of three different timeframes to gauge overall Banknifty sentiment. This table is primarily created to cater scalpers and day traders. It helps traders to see market activity at a glance.
VWAP BreadthThe Concept
The volume-weighted average price (VWAP) is an indicator that gives the average price of a security based on both volume and price. VWAP is calculated by adding up the dollars traded (price*volume) and dividing it by the total volume. Generally speaking, prices above VWAP is bullish, while prices below VWAP is bearish.
VWAP can also be used as a breadth indicator, represented by the % of stocks above VWAP (orange line in above chart). However, the raw data of daily VWAP breadth is extremely noisy and hard for traders to decipher any tradable pattern.
This script aims to address this issue by adding multiple bars of VWAP breadth together, and then calculating the mean and standard deviation (STDEV) of previous accumulated VWAP breadth values.
The Signals:
20 days of accumulated VWAP breadth shows that:
1. Big market (S&P500 or Nasdaq) rallies happen when VWAP breadth is above mean.
2. Big market selloffs happen when VWAP breadth is below mean.
3. VWAP breadth above +2 STDEV is overbought but still bullish (overbought suggests strong buying interest despite the potential for a temporary pullback).
4. VWAP breadth below -2 STDEV is oversold but still bearish (oversold suggests strong selling interest despite the potential for a temporary rebound).
5. A VWAP breadth decreasing during an uptrend forms a bearish divergence.
6. A VWAP breadth increasing during a downtrend forms a bullish divergence.
The Variables:
Users can change how many bars of data to add together. I personally use 20 bars of accumulated data in daily charts.
The STDEV lookback period has a default value of 1000 bars, and does not need to be changed unless users experience lag.
OBV Overbuy+sell by RSUOn-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits.
This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and oversold phenomenon of the OBV indicator.
The characteristics of Bollinger Bands: According to the normal distribution phenomenon, only 5% of the cases will exceed 2 times the standard deviation of the Bollinger Bands. So when it exceeds, I will use colors to mark red overbought and green oversold situations.
Usage:
1.Identify trends: Identify current stock trends by OBV's 30 average line color.
2.Breakthrough:A break below overbuy could signal a temporary end to the uptrend.
3.Oversell and overbuy:A break below overbuy could signal a temporary end to the uptrend.
4.Divergence:When the slope of the two highs is opposite to the slope of the two highs of the indicator, a trend reversal signal may occur.
4C NYSE Market Breadth RatioThe NYSE Market Breadth Ratio is considered by some to be the “king” of market internals. It lets you know instantly how strong current buying or selling pressure is in the broad market, to eliminate guessing or opinion.
This indicator plots the Market Breadth Ratio values for the NYSE and the NASD exchanges in real time.
It also plots the NYSE Market Breadth Ratio in a histogram plot for visual reference.
The indicator dynamically changes colors between green and red depending on whether breadth is currently positive or negative.
This indicator divides the 'Up-Volume' ("UVOL") by 'Down-Volume' ("DVOL"), for each exchange.
It can be added to any chart, but is incredibly useful when added to other sources of market internals like the NYSE Advancers/Decliners Difference (ticker ADD) or with the NYSE UVOL / DVOL Difference (ticker VOLD ).
Credit goes to author=@auron9000 as the bulk of this code was from their Breadth Ratio Bubbles indicator.
---> The changes made to their indicator include: bug fixes where the values werent properly updating; fixed indicator to be a separate plot (not chart overlay), and added the histogram plot.
Average of Average SP500 breadthAverage of % of stocks in S&P500 above 20/50/100/200 MA summed up and divided by 4. So average of average of SP500 breadth :) with directional color. Adjustable MA and Color smoothing.
NASDAQ Advance/Decline Line 1.0NASDAQ Advance/Decline Line is a Market Breath indicator.
Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like!
A/D line calculates a ratio between total number of NASDAQ stocks advancing and total number of NASDAQ stocks in one day, providing another way to grasp the market breath at any moment.A
Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside).
For a better interpretation, NASDAQ Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.).
--------------------
NASDAQ here refers to the totality of assets listed on the NASDAQ exchange, not to the Nasdaq Composite index or the Nasdaq100 index.
NASDAQ is the second-largest stock exchange on earth, and operates the two major stock indexes based on companies that trade on its exchange: the Nasdaq Composite and the Nasdaq 100.
The Nasdaq Composite tracks the performance of more than 3,000 stocks listed on the Nasdaq while the Nasdaq 100 captures the performance of the exchange’s largest non-financial companies.
OBV+EMA HistogramHistogram of the difference between On Balance Volume and an EMA of the On Balance Volume (OBV + EMA).
Using a 55 EMA, on the daily timeframe of BTC, bull/bear trends occur when the histogram is above/below the zero line respectively.
Divergences also have a notable effect.
-- Added alert conditions when OBV crosses EMA to signal a possible trend change, for bullish and bearish cases.
[TTI] Stage 2 Signal & NetNewHighs vs NetNewLowsHISTORY AND CREDITS –––––––––––––––––––––––––––––––––––––––––––––––––––––––
Stage 2 is part of Mark Minervini's NON-NEGOTIABLE criteria. What does this mean? Well it means that Mark does not enter a trade that is not in Stage 2. Stage analysis is the work of Stan Weinstein who divides stock price movements in 4 stages (Stage1, Stage2, Stage3 and Stage4). Additionally, the second part of the indicator, NetNewHighs (NNH) vs NetNewLows (NNL), has been used by many traders, most recently I have seen Matt Caruso use it in his methodology.
WHAT IT DOES ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1️⃣ Stage 2 Signal
This method uses price, moving averages, volume in order to asses when it is the best time to get in a trade.
👉 Stage 1 - stock goes sideways and does not make any price progress
👉 Stage 2 - stock gains a lot of value and is trending up. It shows strong support from institutions
👉 Stage 3 - stock goes in a sideways action again
👉 Stage 4 - stock loses a lot of it gain in a short amount of time
Stage 2 is shown by the AQUA/CYAN color on the first line of the indicator.🟦
2️⃣ Net New Highs vs Net New Lows
This assess the general market health. It looks at the ration of New Highs vs New Lows. The indicator assess when there has been 3 consecutive days of Net New Highs > Net New Lows, this show that the general market is moving up as more stocks are advancing than those that are declining. As per Investor Business Daily research the stocks move is determined 50% by the move of the general market, 25% by the move of the sector it is in and 25% by the stock itself. Therefore, the indicator helps assess and analyze the 50% of the general marekt.
When the condition of 3consecutive days is met the indicator prints green square on the bottom line 🟩.. The sensitivity (i.e. the 3 day can be changed in the settings).
HOW TO USE IT –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––
1️⃣ Stage 2 Signal
Only enter trades when they are in a Stage 2. This drastically increases the probability of success when trading to the long side. Look for AQUA/CYAN squares print before entering a trade
2️⃣ Net New Highs vs Net New Lows
Look for confirmation criteria indicated by a printing of green squares in the bottom of the indicator.