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Indicator Sessions @indexprofx🧠 Description: This indicator plots three key Exponential Moving Averages (EMAs) to help traders identify market trends and potential entry/exit points with precision: EMA 8 (Green) – Fast trend, useful for scalping or short-term signals EMA 50 (Blue) – Mid-term trend filter EMA 150 (Red) – Long-term bias and trend direction It is part of the IndexProFX toolkit and integrates smoothly with other tools like Intraday Signal and Session Zones for enhanced confluence trading. ✔️ Clean structure ✔️ Easy-to-read color-coded EMAs ✔️ Supports scalping, day trading, and swing trading strategies
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indexprofx tarafından
Trajectory Channel (VWAP Highs/Lows) [Euler-Inspired]This script identifies and visualizes key price trajectories by connecting recent pivot highs and lows on the weekly timeframe using either VWAP or Heikin-Ashi closes. It draws fully extended trend lines between the two most recent qualifying pivot highs (in red) and lows (in green), allowing traders to interpret natural directional channels—similar to manual trajectory plotting. Inspired by Euler’s method of approximating paths, this tool avoids clutter by selectively connecting pivots that align with structural movement, providing traders with long-term support and resistance trajectories. Use the sensitivity input to control how strictly pivots are defined, and toggle between VWAP-based or Heikin-Ashi-based pivots depending on your strategy.
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growthmarketingstrategy tarafından
Universal Valuation | Lyro RSUniversal Valuation ⚠️Disclaimer: This indicator is a tool for technical analysis and does not provide guaranteed results. It should be used in conjunction with other analysis methods and proper risk management practices. The creators of this indicator are not responsible for any financial decisions made based on its signals. Overview The Universal Valuation indicator helps identify whether the market is undervalued/cheap or overvalued/expensive. And another mode this indicator offers is This cutting-edge tool works flawlessly ACROSS ALL TIMEFRAMES & TICKERS/CHARTS. By combining regular TradingView indicators & some of our valuation indicators basic/simple with advanced statistical functions, this indicator offers a powerful, universal valuation tool. Key Features INPUTS: The Universal Valuation indicator offers flexibility through its customizable input sections. The "Indicator Settings" let you adjust lengths for the raw indicators and statistical functions. The "Signals" section defines thresholds for background color changes, helping you visually spot key market moments. The "Colors" section allows you to pick from pre-defined schemes or personalize colors for better clarity. Lastly, the "Tables" section gives you full control over the UV table’s size and positioning, including options to overlay it on the chart or place it in the allocated space. A DEEPER INSIGHT: This indicator is built around three distinct categories: "UVM Andromeda," "UVM Sentinel," and "UVM Nexus." Each category has three different drivers. The statistical function powering this indicator is the Z-score. The Z-score is an incredibly powerful tool that helps determine if the market is overvalued/expensive or undervalued/cheap, offering critical insights for traders." Plotting: The plotted value represents the average of all the drivers. In other words, it is the combined average of all 9 Z-scored indicators, providing a balanced and comprehensive market valuation. What is Z-score? & Why does this system use it? Z-score is an advanced statistical function used to measure how far a value deviates from the average in a data set. The formula for Z-score is: (x - h) / o, where x is the observed value, h is the average (mean) of the data set, and o is the standard deviation. This system uses the Z-score because it helps determine whether the market is overvalued or undervalued based on historical data and how we apply the calculation. By measuring how far a value deviates from the average, the Z-score provides a clearer and more objective valuation of market conditions. In our case, a Z-score of -3 indicates an undervalued market, while a Z-score of 3 signals an overvalued market. UVM Andromeda: UVM stands for Universal Valuation Model, which is the core of this indicator. Andromeda, one of the most stunning galaxies in the universe, inspired by its name. We chose this name because a powerful indicator should not only be effective but also visually appealing. You might be wondering what drives UVM Andromeda. The three key drivers are Price, RSI, and ROC. These indicators are pre-defined, while the "Indicator Settings" allow you to adjust the length of the Z-score calculation, refining how the model analyzes market conditions. UVM Sentinel: Sentinel, refers to a guard or watchman, someone or something that keeps watch and provides protection. In our case this name refers to a model that actively observes market conditions, acting as a vigilant tool that signals important shifts in valuation. Wondering what drives UVM Sentinel? The three key drivers are BB%, CCI, and Crosby. While these indicators are simple on their own, applying our Z-score function elevates them to a whole new level, enhancing their ability to detect market conditions with greater accuracy. UVM Nexus: We chose the name Nexus simply because it sounds cool—there’s no deeper meaning behind it for us. However, the word itself does have a meaning; it refers to a connection or link between multiple things. The three key drivers for UVM Nexus are the Sharpe, Sortino, and Omega ratios. These are all asset performance metrics, but by applying the Z-score, we transform them into powerful valuation indicators/drivers, giving you a deeper insight into market conditions. Why do we use 9 different indicators instead of 1? That's a great question, and the answer is quite simple. Think of it like this: if you have one super soldier, and they miss a shot, it’s game over. But if you have many soldiers, even if one misses, the others can step in and take the shot. The strength of using multiple indicators lies in their collective power – if one misses, the others still provide valuable insights, making the overall system more reliable. Final Thoughts: In our Universal Valuation indicator, you have the flexibility to customize it however you like using our inputs. The system is divided into three distinct categories, with each category containing three indicators. The value plotted on the chart is the average of all nine indicators. We apply the Z-score, an advanced statistical function, to each of these nine indicators. The final plotted average is the average of all the Z-scores, giving you a comprehensive and refined market valuation. This indicator can work on any timeframe & chart ticker.
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LyroRS tarafından
2
Session Volatility Dashboard█ Session Volatility Dashboard: HOW IT WORKS This tool is built on transparent, statistically-grounded principles to ensure reliability and build user trust. Session Logic: The script accurately identifies session periods based on user-defined start and end times in conjunction with the selected UTC offset. This ensures the session boxes and data are correctly aligned regardless of your local timezone or daylight saving changes.   Volatility Calculation: The core of the volatility engine is a comparison of current and historical price action. The script calculates a rolling Average True Range (ATR) over a user-defined lookback period (e.g., the last 20 sessions). It then compares the current session's ATR to this historical baseline to generate a simple percentage. For example, a reading of "135%" indicates the current session is 35% more volatile than the recent average, while "80%" indicates a contraction in volatility.   Dashboard Population : The script leverages TradingView's table object to construct the dashboard. This powerful feature allows the data to be displayed in a fixed position on the screen (e.g., top-right corner). Unlike plotted text, this table does not scroll with the chart's price history, ensuring that the most critical, up-to-date information is always available at a glance.   █ ACTIONABLE INTELLIGENCE: TRADING STRATEGIES & USE CASES Translate data into action with these practical trading concepts. Strategy 1: The Breakout Trade: Identify a session with low, coiling volatility (e.g., a Volatility reading below 75%)—often the Asian session. Mark the session high and low plotted by the indicator. These levels become prime targets for a potential breakout trade during the high-volume, high-volatility open of the subsequent London session.   Strategy 2 : The Mean Reversion (Fade) Trade: In a session with extremely high volatility (e.g., >150% of average), watch for price to rapidly extend to a new session high or low and then print a clear reversal candlestick pattern (like a pin bar or engulfing candle). This can signal momentum exhaustion and a high-probability opportunity to "fade" the move back toward the session midpoint.   Strategy 3 : The Trend Continuation: During a clear trending day, use the session midpoint as a dynamic area of value. Look for price to pull back to the midpoint during the London or New York session. If the session's Bias in the dashboard remains aligned with the higher-timeframe trend, this can present a quality entry to rejoin the established momentum.   █ COMPLETE CUSTOMIZATION: SETTINGS Session Times: Independently set the start and end times for Asia, London, and New York sessions. Timezone: Select your preferred UTC offset to align all sessions correctly. Volatility Lookback: Define the number of past sessions to use for calculating the average volatility baseline (default is 20). Dashboard Settings: Choose the on-screen position of the table, text size, and colors. Visual Elements: Toggle on/off session background colors, high/low lines, and midpoint lines. Customize all colors. Alerts: Enable/disable and customize alerts for session high/low breaks and volatility threshold crossings.
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ForexGran tarafından
RHA Cloud & Average Line (TradingFrog)Main Features and Special Characteristics The RMA-Hybrid Candles are a proprietary development by (TradingFrog). The indicator generates two alternative candle series based on a unique hybrid algorithm developed specifically for this indicator. This specially designed RMA-Hybrid algorithm smooths market movements on multiple levels and visualizes trends and trend reversals more clearly than classic candlesticks. 1. RMA-Hybrid Candles (Custom Formula Candles) The alternative candles are calculated using a proprietary logic and provide a particularly smoothed representation of market movements. Code snippet: plotcandle(my_open, my_high, my_low, my_close, color = my_close >= my_open ? bullColor : bearColor, title = 'Formula Candles') 2. Heikin-Ashi Candles for Additional Trend Smoothing In addition to the RMA-Hybrid candles, Heikin-Ashi candles are also displayed to make trend changes and trend strength even clearer. Code snippet: plotcandle(ha_open, ha_high, ha_low, ha_close, color = ha_close >= ha_open ? color.lime : color.red, title = 'Heikin Ashi Candles') 3. Pivot-Based Average Lines Based on the alternative candles, pivot highs and lows are automatically detected and connected. From this, average lines are calculated, which serve as dynamic support and resistance lines. Code snippet: avgH = array.size(phArr) >= 5 ? array.avg(array.slice(phArr, 0, 5)) : na plot(avgH, color = color.red, style = plot.style_line, linewidth = 2, title = 'Average Low Line (Custom Candles)') 4. Kumo Cloud (Ichimoku Cloud) as Trend Filter The classic Ichimoku Cloud is calculated on the raw data and visualized as a colored cloud. It serves as a trend filter and highlights important support and resistance zones. Code snippet: fill(plot(senkouSpanAProjected, ...), plot(senkouSpanBProjected, ...), color = cloudColor, title = 'Kumo Cloud') 5. Flexible Box Size Control The size of the alternative candles can be dynamically controlled via the ATR indicator or set manually to adjust the sensitivity for different markets. Code snippet: box_size = modus == 'ATR' ? atr * multiplikator : feste_boxgroesse 6. Automatic Signal Logic for Long and Short Signals The indicator combines several criteria to automatically generate long or short signals. A signal appears only when all conditions are met simultaneously. This increases the reliability of the signals and helps to avoid false breakouts. When does a signal appear? Long Signal: A long signal appears when the Ichimoku Kumo Cloud indicates an uptrend (is_cloud_bull), the current price is above the cloud (above_cloud), and both the RMA-Hybrid candles and the Heikin-Ashi candles are bullish (green) (all_green). Short Signal: A short signal appears when the Ichimoku Kumo Cloud indicates a downtrend (is_cloud_bear), the current price is below the cloud (below_cloud), and both the RMA-Hybrid candles and the Heikin-Ashi candles are bearish (red) (all_red). Why does a signal appear? A signal is generated because all major trend and momentum filters point in the same direction. This prevents signals from being generated against the prevailing main trend. The combination of trend filter (cloud), price position, and candle direction ensures high signal quality. Code snippet: long_signal = is_cloud_bull and above_cloud and all_green short_signal = is_cloud_bear and below_cloud and all_red var int signallage = 0 if long_signal and signallage != 1 signallage := 1 // Long signal is set if short_signal and signallage != -1 signallage := -1 // Short signal is set Summary: A signal appears when trend, price position, and candle direction all align – ensuring entries are only made during the strongest trend phases. Conclusion: The “RHA Cloud & Average Line (TradingFrog)” indicator combines innovative price visualization, classic trend filters, and dynamic support/resistance lines in one tool. It assists traders in identifying clear trend and reversal points and making trading decisions based on a broad technical foundation.
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micha-zander tarafından
1
Top Crypto Above 28-Day AverageDescription The “Top Crypto Above 28-Day Average” (CRYPTOTW) script scans a selectable universe of up to 120 top-capitalization cryptocurrencies (divided into customizable 40-symbol batches), then plots the count of those trading above their own 28-period simple moving average. It helps you gauge broad market strength and identify which tokens are showing momentum relative to their recent trend. Key Features • Batch Selection: Choose among “Top40,” “Mid40,” or “Low40” market-cap groups, or set a custom batch size (up to 40 symbols) to keep within the API limit. • Dynamic Plot: Displays a live line chart of how many cryptos are above their 28-day MA on each bar. • Reference Lines: Automatic horizontal lines at 25%, 50%, and 75% of your batch to provide quick visual thresholds. • Background Coloration: The chart background shifts green/yellow/red based on whether more than 70%, 50–70%, or under 50% of the batch is above the MA. • Optional Table: On the final bar, show a sortable table of up to 28 tickers currently above their 28-day MA, including current price, percent above MA, and “Above” status color-coding. • Alerts: • Strong Batch Performance: Fires when >70% of the batch is above the MA. • Weak Batch Performance: Fires when <10 cryptos (i.e. <25%) are above the MA. Inputs • Show Results Table (show_table): Toggle the detailed table on/off. • Table Position (table_position): Select one of the four corners for your table overlay. • Max Cryptos to Display (max_display): Limit the number of rows in the results table. • Current Batch (current_batch): Pick “Top40,” “Mid40,” or “Low40.” • Batch Size (batch_size): Define the number of symbols (1–40) you want to include from the chosen batch. How to Use 1. Add the CRYPTOTW indicator to any chart. 2. Select your batch and size to focus on the segment of the crypto market you follow. 3. Watch the plotted line to see the proportion of tokens with bullish momentum. 4. (Optional) Enable the results table to see exactly which tokens are outperforming their 28-day average. 5. Set alerts to be notified when the batch either overheats (strong performance) or cools off significantly. Why It Matters By tracking the share of assets riding their 28-day trend, you gain a macro-level view of market breadth—crucial for spotting emerging rallies or early signs of broad weakness. Whether you’re swing-trading individual altcoins or assessing overall market mood, this tool distills complex data into an intuitive, actionable signal.
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Tin2100 tarafından
MOV MVRV BTC FREEDescription MOV MVRV BTC FREE is a simple and user-friendly indicator for analyzing the relative overvaluation or undervaluation of Bitcoin (BTC) price, utilizing a modified MVRV (Market Value to Realized Value) logic with dynamic thresholds for different market regimes. The indicator allows you to quickly assess whether BTC is currently undervalued, balanced, or overvalued compared to historical prices. This helps to identify optimal zones for mid-term decisions: • when the price is too low (potential accumulation zone), • or, on the contrary, too high (potential risk/profit-taking zone). ⸻ What does the indicator show? • MVRV Line: The ratio of the current price to the moving average price over the selected period (adapts to the market). • Realized Price: The average price at which coins were last moved (based on VWAP). • Cost Basis: The volume-weighted “cost basis” of positions for the period. • Colored background: Automatically highlights areas of strong imbalance (overvaluation/undervaluation). ⸻ Modes The indicator allows you to choose between two modes: • BTC 1D Active: For active markets and short- to mid-term signals. • BTC 1D Global: For broader market state assessment and long-term cycles. ⸻ Settings • Mode: Switch between “BTC 1D Active” and “BTC 1D Global”. • Show MVRV Line: Enable/disable the main indicator line. • Show Realized Price: Enable/disable the Realized Price line. • Show Cost Basis: Enable/disable the cost basis line. Most of the indicator’s advanced features are hidden. In the simplified version, only the basic BTC analysis parameters are available. ⸻ How to interpret: • Green background: BTC is undervalued (historically a favorable zone for accumulation). • Red background: BTC is overvalued (risk zone for new purchases). • Blue and purple lines: Help compare the current price with actual averages. ⸻ MOV MVRV BTC FREE is simple, informative, and ideal for portfolio decision-making, without unnecessary and confusing settings. ⸻ P.S. The indicator can be displayed directly on the price chart, or in a separate window. Available on TradingView. MOV MVRV BTC FREE — це простий і зручний індикатор для аналізу відносної переоцінки або недооцінки ціни Bitcoin (BTC) через логіку модифікованого MVRV (Market Value to Realized Value) із динамічними порогами для різних ринкових режимів. Індикатор дозволяє швидко оцінити, чи знаходиться BTC у стані недооцінки, балансу чи переоцінки відносно історичних цін. Це допомагає знаходити оптимальні зони для середньострокових рішень: • коли ціна є надто низькою (потенційна зона для накопичення), • або навпаки — надто високою (потенційна зона ризику/фіксації прибутку). ⸻ Що показує індикатор? • Лінія MVRV: співвідношення поточної ціни до скользячої середньої ціни за вибраний період (адаптується до ринку). • Realized Price: середня ціна, за якою монети переміщались востаннє (на основі VWAP). • Cost Basis: середньозважена “собівартість” позицій за період (з урахуванням обсягу). • Кольоровий фон: автоматично підсвічує зони сильного дисбалансу (переоцінка/недооцінка). ⸻ Режими роботи В індикаторі можна вибрати один із двох режимів: • BTC 1D Активний: Для активного ринку, коротко- і середньострокових сигналів. • BTC 1D Глобальний: Для більш глобальних оцінок стану ринку та довгострокових циклів. ⸻ Налаштування • Режим налаштувань: Вибір між “BTC 1D Активний” і “BTC 1D Глобальний”. • Показати MVRV лінію: Вмикати/вимикати основну лінію індикатора. • Показати Realized Price: Вмикати/вимикати лінію Realized Price. • Показати Cost Basis: Вмикати/вимикати лінію середньої собівартості. Більшість функцій які дає індикатор скриті. В спрощеній версії доступні тількі базові параметри для роботи з BTC ⸻ Як інтерпретувати? • Зелений фон: BTC перебуває у недооцінці (історично вигідна зона для накопичення). • Червоний фон: BTC у переоцінці (зона ризику для нових покупок). • Сині та фіолетові лінії: допомагають порівняти поточну ціну з реальними середніми. ⸻ MOV MVRV BTC FREE — простий, інформативний, ідеально підходить для портфельних рішень, без зайвого “перекручування” налаштувань. ⸻ P.S. Відображення на графіку. Є окремий для відображення в окремому вікні. Також доданий в ТВ.
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MOV-Defi tarafından
Liquidity Hunter ProLiquidity Hunter Pro The Liquidity Hunter Pro is an indicator designed to identify a specific, high-probability trading setup based on the concept of institutional liquidity hunts. The core philosophy is that major market moves are often initiated after large players engineer liquidity by sweeping obvious swing highs or lows, tricking retail traders before revealing their true direction. This tool automates the detection of this entire sequence, acting as your assistant to filter out market noise and highlight moments of clear institutional intent. It's designed for precision on lower timeframes (like M1) but is fully customizable for any trading style. Key Features Multi-Timeframe (MTF) Bias: A simple, on-chart panel shows you the dominant trend from a higher timeframe (default: 15min). This acts as your master filter, ensuring you always trade with the larger market flow. Intelligent Sweep Detection: Instead of flagging every minor break, the LHP identifies significant liquidity sweeps below/above confirmed swing points, marking them with a minimalist 🧹 icon. Momentum-Filtered CHoCH: A simple break of structure isn't enough. A Change of Character (CHoCH) is only confirmed if the breakout candle has strong momentum, filtering out weak and indecisive reversals. Clear Visual Cues: The indicator plots clean, minimalist lines for both the swept level (dashed) and the CHoCH confirmation (solid), giving you a clear visual map of the setup. High-Probability FVG Detection: Automatically highlights Fair Value Gaps (FVGs) that are created during the powerful CHoCH move, pinpointing an A+ entry zone. Customizable Alerts: Never miss a setup. Set alerts for two key events: an early warning on a Liquidity Sweep and the main Setup Ready alert once a sweep is confirmed by a CHoCH. How to Use: The Optimal Entry Method (A Quick Guide) The "Liquidity Hunter Pro" is designed to be used with a disciplined, step-by-step approach. Step 1: Follow the Bias Look at the HTF Bias Panel in the top-right corner. If BULLISH, you are ONLY looking for long (buy) setups. If BEARISH, you are ONLY looking for short (sell) setups. Step 2: Wait for the Sweep (The Trigger) Patiently wait for the indicator to plot the 🧹 icon and a dashed horizontal line. This signals that liquidity has been taken and a potential setup is forming. Step 3: Get Confirmation (The Validation) You must wait for the indicator to print the solid horizontal CHoCH line and label. This validates that the reversal after the sweep has strength. If no CHoCH appears, the setup is invalid. Step 4: Identify Your Point of Interest (The Entry Zone) Once the CHoCH is confirmed, it's time to find your entry. A+ Entry: The indicator will automatically draw a colored FVG Box if a valid one is created. This is your highest-probability entry zone. B+ Entry: If no FVG appears, your next best entry zone is the "Inducement Order Block" (the last opposite-colored candle right before the sweep occurred). *** DISCLAIMER *** This indicator is a tool for analysis and education; it is not financial advice or a signal service. Trading financial markets involves substantial risk and is not suitable for every investor. Past performance is not indicative of future results. Always use proper risk management and never risk more than you are prepared to lose. The author is not responsible for any profits or losses that may result from using this tool.
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babyd7717 tarafından
Sniper Radar Indicator (SRI)🔍 Sniper Radar Indicator (SRI) — Official Description The Sniper Radar Indicator (SRI) is a clean, real-time flow detection tool designed to spot high-confluence shifts in market behavior — before price makes its move. This tool does not use or copy any other indicator, and is built from scratch to monitor three key behaviors: 1. High Inflow (White Dots) – Detects real-time bursts of volume and momentum entering the market. When you see white, buyers are stepping in aggressively. 2. Bearish Drain (Purple Dots) – Tracks subtle exits in money flow where price hasn’t dropped yet, but buyers are drying up. These are early warnings for potential weakness. 3. Heavy Sell Impulse (Red Dots) – Flags aggressive sell pressure. Volume is high, candles are large, and money is rushing out fast. To keep your chart clean: • All signals are shown as low-opacity colored dots • Background shading lightly marks temporary “flow zones” so you know where action just built up or drained out • The script uses adaptive filters to ignore noise and focus only on meaningful shifts in buyer or seller interest ⸻ 🧠 Who It’s For: Whether you’re a scalper, swing trader, or just watching price unfold, SRI helps you catch early signs of big moves without crowding your chart. • No fancy names • No waves • Just dots, zones, and real-time momentum ⸻ ✅ Key Features: • 100% original — built from scratch by Snipers-R-Us • Real-time volume + money flow + impulse detection • Lightweight visual style with minimal noise • Works on any coin or asset, any timeframe
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RickyTSpanish tarafından
Intraday Spark Chart [AstrideUnicorn]The Intraday Spark Chart (ISC) is a minimalist yet powerful tool designed to track an asset’s performance relative to its daily opening price. Inspired by Nasdaq’s real-time analytics analog dashboards. It visualizes intraday percentage changes as a color-coded sparkline, helping traders quickly gauge momentum and session bias. Ideal for: Day traders, scalpers, and multi-asset monitors. Best paired with: 1m to 4H timeframes (auto-warns on higher TFs). Key metrics: Real-time % change from daily open. Final daily % change (updated at session close). Daily open price labels for orientation. HOW TO USE Visual Guide Sparkline Plot: A green area/line indicates price is above the daily open (bullish). A red area/line signals price is below the daily open (bearish). The baseline (0%) represents the daily open price. Session Markers: The dotted vertical lines separate trading days. Gray labels near the baseline show the exact daily open price at the start of each session. Dynamic Labels: The labels in the upper left corner of each session range display the current (or final) daily % change. Color matches the trend (green/red) for instant readability. Practical Use Cases Opening Range Breakouts: Spot early momentum by observing how price reacts to the daily open. Multi-Asset Screening: Compare intraday strength across symbols by applying the indicator to multiple charts. Session Close Prep: Anticipate daily settlement by tracking the final % change (useful for futures/swing traders). SETTINGS Asset (Input Symbol): Defaults to the current chart symbol. Switch to monitor other assets.
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AstrideUnicorn tarafından
Mercurio Retrógrado y CorrelaciónUser Guide: "Mercury Retrograde and Correlation" Indicator This custom indicator for TradingView is designed to explore possible relationships between astrological Mercury Retrograde periods and market behavior. TradingView is a versatile platform that allows you to analyze markets and use custom tools like this one. The indicator combines two tools in one: Mercury Retrograde Period Display: Automatically highlights on the chart the dates when Mercury is retrograde. Correlation Analysis: Measures and displays how synchronized the movement of the asset you are monitoring is with another asset of your choice (e.g., the S&P 500). What do you see on the chart? When you apply this indicator to your chart in TradingView, you will see the following elements: Purple Background: The purple shaded areas show you exactly when the Mercury Retrograde periods occurred or will occur in 2024 and 2025. This allows you to identify at a glance if a specific candle or price movement occurred during one of these events. Correlation Line (Orange): This line, displayed on the main panel, measures the relationship between the asset on your chart and the asset you choose in the settings. Near +1.0: It means the two assets are moving in the same direction (if one goes up, the other goes down). Near -1.0: It means they are moving in opposite directions (if one goes up, the other goes down). Near 0: There is no clear relationship in their movements. Reference Lines (Green and Red): The dotted lines at +0.7 (green) and -0.7 (red) help you quickly identify when the correlation is strong, either positive or negative.
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Angel_Roberto_Nava_solis tarafından