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Intraday Intensity ModesIntraday Intensity Index was created by David Bostian and its use was later featured by John Bollinger in his book "Bollinger on Bollinger Bands" . It is categorically a volume indicator and considered to be a useful tool for analyzing supply and demand dynamics in the market. By measuring the level of buying and selling pressure within a given trading session it attempts to provide insights into the strength of market participants' interest and their aggressiveness in executing trades throughout the day. It can be used in conjunction with Bollinger Bands® or other envelope type indicators as a complimentary indicator to aid in trying to identify potential turning points or trends. Intraday intensity is calculated based upon the relationship between the price change and the volume of shares traded during each daily interval. It aims to capture the level of buying or selling activity relative to the overall volume. A high intraday intensity value suggests a higher level of buying or selling pressure, indicating a more active and potentially volatile market. Conversely, a low intraday intensity value indicates less pronounced trading activity and a potentially quieter market. Overall, intraday intensity provides a concise description of the intensity of trading activity during a particular trading session, giving traders an additional perspective on market dynamics. Note that because the calculation uses volume this indicator will only work on symbols where volume is available. While there are pre-existing versions within community scripts, none were found to have applied the calculations necessary for the various modes that are presented within this version, which are believed to be operating in the manner originally intended when first described by Bostian and again later by Bollinger. When operating in default modes on daily or lower chart timeframes the logic used within this script tracks the intraday high, low, close and volume for the day with each progressing intraday bar. The BB indicator was included on the top main chart to help illustrate example usage as described below. The Intraday Intensity Modes indicator is pictured operating in three different modes beneath the main chart: • The top pane beneath the main chart shows the indicator operating as a normalized 21 day II% oscillator. A potential use while in this mode would be to look for positive values as potential confirmation of strength when price tags the upper or lower Bollinger bands, and to look for negative values as potential confirmation of weakness when price tags the upper or lower Bollinger bands. • The middle pane shows the indicator operating as an "open ended" cumulative sum of II. A potential use while in this mode would be to look for convergence or divergence of trend when price is making new highs or lows, or while price is walking the upper or lower Bollinger bands. • The bottom pane shows the indicator operating in standard III mode, which provides independent values per session. Indicator Settings: Inputs tab: Osc Length : Set to 1 disables oscillation, values greater than 1 enables oscillation for II% (Intraday Intensity percent) mode. Tootip : Hover mouse over (i) to show recommended example Settings for various modes. Cumulative : When enabled values are cumulatively summed for the entire chart and indicator operates in II mode. Normalized : When enabled a rolling window of Osc Length values are summed and normalized to the rolling window's volume. Intrabar : When enabled price range and volume are evaluated for intensity per bar instead of per day which is a departure from the original concept. Whenever this setting is enabled the indicator should be regarded as operating in an experimental mode. Colors For Up Down : Sets the plot colors used, may be overridden in Settings:Style tab. Styles / Width : Sets the plot style and width used, may be overridden in Settings:Style tab. This indicator is designed to work with any chart timeframe, with the understanding that when used on timeframes higher than daily the indicator becomes "IntraPeriod" intensity, for example on weekly bars it would be "IntraWeek" intensity. On Daily or lower timeframes the indicator operates as "IntraDay" intensity and is being updated on each bar as each day progresses. If the experimental setting Intrabar is enabled then the indicator operates as "IntraBar" intensity and is no longer constrained to daily or higher evaluations, for example with Intrabar enabled on a 4H timeframe the indicator would operate as "Intra4H" intensity. NOTICE: This is an example script and not meant to be used as an actual strategy. By using this script or any portion thereof, you acknowledge that you have read and understood that this is for research purposes only and I am not responsible for any financial losses you may incur by using this script!
Pine Script® göstergesi
allanster tarafından
14
comm_idxThis script displays information about the components of the Goldman Sachs Commodity Index. The index is based on futures contracts in the categories of agricultural products, softs commodities, livestock, energies, industrial metals, and precious metals. The statistics displayed in the table are: change: 1-day % change from ma: the % change from a moving average corr idx: correlation of the contract to the GSCI The lengths for the moving average and correlation statistic can be set using the inputs. See the script source for the symbols used for each commodity. Although most of the symbols correspond to the actual futures contract used to compute the index, LME contracts are not available on tradingview. Hence, corresponding HKEX contracts are used for the industrial metals.
Pine Script® göstergesi
taylor_o tarafından
2
Global Index SMA OverlayGlobal Index SMA Overlay The Global Index SMA Overlay indicator allows traders to compare the price movements of a chosen stock with a chosen global index by overlaying the SMA of the index onto the stock's price chart. The indicator supports major global indexes such as the S&P 500, NASDAQ 100, Dow Jones, DAX, CAC 40, FTSE 100, Nikkei 225, and ASX 200. The indicator normalizes the SMA value by applying the price ratio between the stock and the index, which allows traders to easily compare the relative performance of the stock with respect to the index. The user can choose the length of the SMA and the index to compare against, making it a versatile tool for a variety of trading strategies. With the Global Index SMA Overlay indicator, traders can quickly and easily identify trends and potential trading opportunities by comparing the price movements of a stock with a chosen global index.
Pine Script® göstergesi
Julien_Eche tarafından
Relative Strength Index w/ STARC Bands and PivotsThis is an old script that I use with some useful RSI strategies from "Technical Analysis for the Trading Professional" 2nd edition by Constance Brown. The base RSI comes with the option for custom length, and has some pre-configured ranges for looking at exits and entrances. The idea is to be bullish when bounces happen in the red zone during an already bullish trend or when the indicator enters green without a rejection. Be bearish if the indicator falls through the red zone or fails to enter green during an already bearish trend. I have added the formulas used for creating STARC bands (just think fancier volatility bands) with adjustable tolerances. The idea is to look out for when the RSI touches one of the bands and reverses. This is usually indicative of a strong reversal (though the timing will be up to the trader). Best use this on shorter time frames during a volatile time of a stock's price action. Although a little messy, there is a small segment of the script which includes pivot points. I like to use these because they make indicating local highs/lows for finding divergences easier. Finally, I have added a couple of customizable EMAS for the RSI itself. Useful when combined with the other features!
Pine Script® göstergesi
jsalemfinancial tarafından
1
Index Value RainbowThis indicator is used to estimate Index valuation based on each countries base money supply M0. The chart will compare how the index value will move alongside with base money supply for comparison study. The chart presented here is just a relative comparison with some scaling and shifting so it doesn't refers to any real measurement. However it can be used to track the index whether it's too cheap or too expensive in relative to money supply available in the market. - The gray line represent the money supply M0 - The rainbow above the gray line represent the multiplication factors from 1x, 2x, ..., 10x - The rainbow below the gray line represent the division factors from 0.8x, 0.6x, ..., 0.2x This indicator can only be used with specific indices mentioned below. Currently can be used to estimate the value of largest indices by market cap: - US Index - based on Fed Balance Sheet (SPX, NDX, DJI, RUI, RUT, RUA, ES1!, NQ1!, YM1!, RTY1!) - EU Index - based on M1 Money Supply (N100, EU500) - JP Index - based on M0 Money Supply (NI225, NKY) - CN Index - based on M0 Money Supply (000001, 399001) - HK Index - based on M0 Money Supply (HSI) - SG Index - based on M0 Money Supply (STI) - CA Index - based on M0 Money Supply (TSX) - AU Index - based on M0 Money Supply (ASX200, AUS200) - ID Index - based on M0 Money Supply (COMPOSITE) Check other script to value stock and index: - Stock Value Rainbow: script to value stock based on book value, earning, dividend and cash flow - Index Value Rainbow: script to value index based on fed balance sheet and base money supply - Gold Value Rainbow: script to value gold based on global money supply - Stock Value US: script to check US stock value - Stock Value EU: script to check EU stock value - Stock Value JP: script to check JP stock value - Stock Value CN: script to check CN stock value
Pine Script® göstergesi
danny_peanuts tarafından
Waddah Attar Explosion with TDI First of all, a big shoutout to @shayankm, @LazyBear, @Bromley, @Goldminds and @LuxAlgo, the ones that made this script possible. This is a version of Waddah Attar Explosion with Traders Dynamic Index. WAE provides volume and volatility information. Also, WAE calculation was changed to a full-on MACD, to provide the momentum: the idea is to "assess" which MACD bars have significant momentum (i.e. crossover the Explosion Line) TDI provides momentum, divergences as well as overbought and oversold areas. There is also a RSI on a different timeframe, for convergence. Almost everything is editable: - All moving averages are customizable, including the TRAMA, from @LuxAlgo Waddah Attar Explosion_ - Three different crossing signals: histogram crossing contracting Explosion Line, expanding Explosion Line and ascending Explosion Line while both Bolling Bands are expanding; Explosion Line shows different color when expanding. - Explosion line signals: Below DeadZone line and Exhaustion (highest value in a given lookback period). You can set a predefined EPL slope to filter out some noise. - Deadzone signal : Deadzone squeeze ( lowst value in a given lookback period) TDI: - Overbought an Oversold signals. The OB and OS shapes have two colors, in order to display extreme signals on current timeframe or extreme signals on current and different time frame. - Visual display of RSI outside the Bollinger Bands, and crossing of RSI Moving Average crossing of zero line. I believe this combination is great for so many reasons! Like the idea of TTM Squeeze? You can tune the Deadzone and Explosion lines to look for a volatility breakout Like trading divergences or want to filter out extreme areas? The RSI is great for that You like the using the MACD strategy but don't like the amount of false signals given? this WAE version filters some of them out. If you are a Bollinger bands fan, you can customize both indicators to trade breakouts and/or mean reversion strategies, and filter out exhaustion of the bands expansion This is my first publication, so give it a go and provide feedback if possible.
Pine Script® göstergesi
dubfinder tarafından
5
FrizLabz_Time_Utility_MethodsLibrary "FrizLabz_Time_Utility_Methods" Some time to index and index to time helper methods made them for another library thought I would try to make them as methods UTC_helper(utc)   UTC helper function this adds the + to the positive utc times, add "UTC" to the string and can be used in the timezone arg of for format_time()   Parameters:      utc : (int) | +/- utc offset   Returns: string | string to be added to the timezone paramater for utc timezone usage bar_time(bar_amount)   from a time to index   Parameters:      bar_amount : (int) | default - 1)   Returns: int bar_time time_to_index(_time)   from time to bar_index   Parameters:      _time : (int)   Returns: int time_to_index | bar_index that corresponds to time provided time_to_bars_back(_time)   from a time quanity to bar quanity for use with .   Parameters:      _time : (int)   Returns: int bars_back | yeilds the amount of bars from current bar to reach _time provided bars_back_to_time(bars_back)   from bars_back to time   Parameters:      bars_back   Returns: int | using same logic as this will return the time of the bar = to the bar that corresponds to bars_back index_time(index)   bar_index to UNIX time   Parameters:      index : (int)   Returns: int time | time in unix that corrresponds to the bar_index to_utc(time_or_index, timezone, format)   method to use with a time or bar_index variable that will detect if it is an index or unix time and convert it to a printable string   Parameters:      time_or_index : (int) required) | time in unix or bar_index      timezone : (int) required) | utc offset to be appled to output      format : (string) | default - "yyyy-MM-dd'T'HH:mm:ssZ") | the format for the time, provided string is default one from str.format_time()   Returns: string | time formatted string GET(line)   Gets the location paramaters of a Line   Parameters:      line : (line)   Returns: tuple GET(box)   Gets the location paramaters of a Box   Parameters:      box : (box)   Returns: tuple GET(label)   Gets the location paramaters and text of a Label   Parameters:      label : (label)   Returns: tuple GET(linefill)   Gets line 1 and 2 from a Linefill   Parameters:      linefill : (linefill)   Returns: tuple Format(line, timezone)   converts Unix time in time or index params to formatted time and returns a tuple of the params as string with the time/index params formatted   Parameters:      line : (line) | required      timezone : (int) | default - na   Returns: tuple Line(x1, y1, x2, y2, extend, color, style, width)   similar to line.new() with the exception of not needing to include y2 for a flat line, y1 defaults to close, and it doesnt require xloc.bar_time or xloc.bar_index, if no x1   Parameters:      x1 : (int) default - time      y1 : (float) default - close      x2 : (int) default - last_bar_time/last_bar_index | not required for line that ends on current bar      y2 : (float) default - y1 | not required for flat line      extend : (string) default - extend.none | extend.left, extend.right, extend.both      color : (color) default - chart.fg_color      style : (string) default - line.style_solid | line.style_dotted, line.style_dashed, line.style_arrow_both, line.style_arrow_left, line.style_arrow_right      width   Returns: line Box(left, top, right, bottom, extend, border_color, bgcolor, text_color, border_width, border_style, txt, text_halign, text_valign, text_size, text_wrap)   similar to box.new() but only requires top and bottom to create box, auto detects if it is bar_index or time used in the (left) arg. xloc.bar_time and xloc.bar_index are not used args are ordered by purpose | position -> colors -> styling -> text options   Parameters:      left : (int) default - time      top : (float) required      right : (int) default - last_bar_time/last_bar_index | will default to current bar index or time depending on (left) arg      bottom : (float) required      extend : (string) default - extend.none | extend.left, extend.right, extend.both      border_color : (color) default - chart.fg_color      bgcolor : (color) default - color.new(chart.fg_color,75)      text_color : (color) default - chart.bg_color      border_width : (int) default - 1      border_style : (string) default - line.style_solid | line.style_dotted, line.style_dashed,      txt : (string) default - ''      text_halign : (string) default - text.align_center | text.align_left, text.align_right      text_valign : (string) default - text.align_center | text.align_top, text.align_bottom      text_size : (string) default - size.normal | size.tiny, size.small, size.large, size.huge      text_wrap : (string) default - text.wrap_auto | text.wrap_none   Returns: box Label(x, y, txt, yloc, color, textcolor, style, size, textalign, text_font_family, tooltip)   similar to label.new() but only requires no args to create label, auto detects if it is bar_index or time used in the (x) arg. xloc.bar_time and xloc.bar_index are not used args are ordered by purpose | position -> colors -> styling -> text options   Parameters:      x : (int) default - time      y : (float) default - high or low | depending on bar direction      txt : (string) default - ''      yloc : (string) default - yloc.price | yloc.price, yloc.abovebar, yloc.belowbar      color : (color) default - chart.fg_color      textcolor : (color) default - chart.bg_color      style : (string) default - label.style_label_down | label.style_none label.style_xcross,label.style_cross,label.style_triangleup,label.style_triangledown label.style_flag, label.style_circle, label.style_arrowup, label.style_arrowdown, label.style_label_up, label.style_label_down, label.style_label_left, label.style_label_right, label.style_label_lower_left, label.style_label_lower_right, label.style_label_upper_left, label.style_label_upper_right, label.style_label_center, label.style_square, label.style_diamond      size : (string) default - size.normal | size.tiny, size.small, size.large, size.huge      textalign : (string) default - text.align_center | text.align_left, text.align_right      text_font_family : (string) default - font.family_default | font.family_monospace      tooltip : (string) default - na   Returns: label
Pine Script® kütüphanesi
FFriZz tarafından
17
Black RSI (Pro Suite)Black RSI (Pro Suite) is combination of RSI (Relative Strength Index), Volume RSI, Heikin Ashi RSI & other multi Oscillators with multi features into one indicator, features like (Quad Divergences, Multi Time Frame RSI, MTF RSI Panel, Oscillator Support/Resistance/Wedges/Trendlines, Oscillator Moving Average/BBs, Smooth RSI, RSI Price Estimator, Oscillator Over bought/sold Bars, Osc OB/OS Zones, Osc OB/OS Highlights, additionally Black RSI indicator is flexible & completely customizable). Indicator goal: I have tried my best to organized RSI & other suitable oscillators and oscillator useful tools into one simple and free indicator for Tradingview users (specifically for Tradingview 'basic' subscription users). suggestions are always welcome. please give feedback & appreciate if you like my work. Black RSI Indicator Features Summary: Black RSI indicator includes many features mainly relevant to RSI and other Oscillators, these are briefly highlighted below: Black RSI Dashboard Multi Oscillators: Choose between multiple oscillators. All oscillators settings are customizable. Multi Symbol: Multi Symbol Support, applicable on all oscillators RSI (Relative Strength Index) VRSI (Volume Relative Strength Index) HA RSI (Heikin Ashi Relative Strength Index) OBV (On Balance Volume) CVD (Comulative Volume Delta) MFI (Money Flow Index) UO (Ultimate Oscillator) MOM (Momentum Oscillator) ATR (Average True Range) Stoch (Stochastic Oscillator) Stoch RSI (Stochastic RSI) Oscillator Primary Tools ◢ Oscillator Moving Average/Bollinger Bands Smooth RSI Multi Timeframe RSI Multi Timeframe RSI Panel RSI Price Estimator Oscillator Support/Resistance/Wedges/Trendlines Oscillator Moving Average/BBs: Shows Moving Average for selected oscillator. Smooth Smooth: Smooths out RSI Multi Timeframe RSI: Displays Multiple Time Frame/Multiple Symbol RSI and converts it and shows it as it is in current time frame without effecting Primary RSI Multi Timeframe RSI Panel: Displays Multiple Time Frame/Multiple Symbol RSI values of user input specific timeframes in compact panel (max 8 Time frames) RSI Price Estimator: Calculates RSI estimate price values of 3 different user specific RSI input levels, RSI x MA cross price and RSI future value of user specific price input level. Oscillator Support/Resistance/Wedges/Trendlines: Draws Trendlines, Wedges and Support & Resistance lines on selected oscillator Oscillator Quad Divergence ◢ 1st Oscillator Divergence: Traditional divergence indicator with enhancements & customization 2nd Oscillator Divergence: Traditional divergence indicator with enhancements & customization 3rd Oscillator Divergence: Advanced Divergence indicator with source selection, RSI/Price threshold, potential divergences & customization 4th Oscillator Divergence: Pivots divergence indicator with flexible pivots selection & customization Regular bullish divergences are indicated when price is forming lower lows while an oscillator shows higher lows. Regular bearish divergences are indicated when price is forming higher highs while an oscillator shows lower highs. While regular divergences indicate trend reversals, hidden divergences indicate a trend continuation. When the price is making higher lows and the oscillator is showing lower lows, we speak of a bullish hidden divergence. When the price is making lower highs and the oscillator shows higher highs, it's a bearish hidden divergence. Oscillator Secondary Tools ◢ Oscillator HH/LL pivots Osc OB/OS Color Bars Osc OB/OS Zones Osc OB/OS Highlights Background Oscillator HH/LL pivots: Shows HH/LL pivot points on selected oscillator Osc OB/OS Color Bars: Plots color chart bars based on RSI, MFI, Stochastic, Stochastic RSI or combine overbought/oversold conditions Osc OB/OS Zones: Plots Osc OB/OS Zones with user input levels Osc OB/OS Highlights: Highlight oscillator OB/OS background area Background: background color customization + Primary RSI Settings ▾ - Primary RSI Length: User input RSI Length value - Primary RSI Source: User RSI Source selection - RSI Overbought Threshold: Allows the user to set the RSI overbought threshold value. This Overbought Threshold value will also be applied on "RSI Divergence overbought condition", "RSI OB Color Bars" and "Primary RSI Color Schemes - RSI Oversold Threshold: Allows the user to set the RSI oversold threshold value. The lower band (oversold line) of RSI. This Oversold Threshold value will also be applied on "RSI Divergence oversold condition", "RSI OS Color Bars" and "Primary RSI Color Schemes - RSI Middle Band: Allows the user to set the RSI middle band value. This value will also applied to "Center Line" color scheme from "Primary RSI Color Schemes" drop menu - Primary RSI Colors: Range color specifies a gradient of colors from the overbought to the oversold threshold user inputs from "Primary RSI" section. Color interpolation also a gradient but smoother than Range color. Center Line is similar but is not a gradient, linked to Middle Band ("Primary RSI" section) and changes color with RSI Middle Band. Traditional is simple with Overbought and Oversold colors change. - RSI Bullish Band: Allows the user to plot extra/optional RSI band on RSI Oscillator (Note: it will not be plotted if "OB/OS Zone only" enabled from "OB/OS Zone Settings" section) - RSI Bearish Band: Allows the user to plot extra/optional RSI band on RSI Oscillator (Note: it will not be plotted if "OB/OS Zone only" enabled from "OB/OS Zone Settings" section) + Primary RSI Smooth Settings ▾ - Smooth Moving Average Type: User selected Smooth MA type. With RSI Smooth enabled, will also effect all RSI Divergences detection (all divergences will be plot according to "Smoothed RSI line") - Smooth Moving Average Length: User input Smooth MA length value + Oscillator Moving Average Settings ▾ - Osc Moving Average Colors: Allows user to select Bullish/Bearish colors of Oscillator Moving Average - Osc Moving Average Type: Allows user to select Oscillator MA Type - Osc Moving Average Length: User input Oscillator MA length value - Osc Moving Average Thickness: User input Oscillator MA thickness - BB StdDev: user input Bollinger Bands standard deviation value + Stochastic Oscillator Settings ▾ - Same as Traditional/Default indicator + Stochastic RSI Oscillator Settings ▾ - Same as Traditional/Default indicator + Money Index Flow Settings ▾ - Same as Traditional/Default indicator + Ultimate Oscillator Settings ▾ - Same as Traditional/Default indicator + Momentum Oscillator Settings ▾ - Same as Traditional/Default indicator + Average True Range Settings ▾ - Same as Traditional/Default indicator + Multi Timeframe RSI Settings ▾ - MTF RSI Time Frame: Allows user to select MTF RSI Time Frame - MTF RSI Symbol: Allows user to select MTF RSI Time Symbol - MTF RSI Length: User input MTF RSI length value - MTF RSI Source: User selected MTF RSI source - MTF RSI Line Width: User input MTF RSI line thickness value - Number of Bars for MTF RSI plot - MTF RSI Color > OB color > OS color : Allows user to select MTF RSI color with additionally Overbought/Oversold colors + MTF RSI Panel Settings ▾ - Select MTF RSI Type: If "Primary RSI" or "Volume RSI" selected MTF RSI Panel will show output values based on "Primary RSI" or "Volume RSI" parameters e.g. source, length, but without smooth. - MTF RSI Panel Symbol: Allows user to select MTF RSI Panel symbol, leave symbol blank or uncheck "checkbox" for current chart symbol - Show Symbol in Panel: Shows symbol ticker(current or user selected) in MTF RSI Panel - Panel Background: Allows user to select MTF RSI Panel Background (enable/disable) and Background color selection - TF1: MTF RSI Timeframe 1 user selection - TF2: MTF RSI Timeframe 2 user selection - TF3: MTF RSI Timeframe 3 user selection - TF4: MTF RSI Timeframe 4 user selection - TF5: MTF RSI Timeframe 5 user selection - TF6: MTF RSI Timeframe 6 user selection - TF7: MTF RSI Timeframe 7 user selection - TF8: MTF RSI Timeframe 8 user selection - Panel Top Offset: MTF RSI Panel offset input value - Position: MTF RSI Panel position selection - Text Size: MTF RSI Panel text size selection - Bullish Colors: MTF RSI Panel bullish color selection. (Bullish colors range RSI >75, <75 to >65, <65 to >55) - Bearish Colors: MTF RSI Panel bearish color selection. (Bearish colors range RSI <45 to >35, <35 to >25, <25) + RSI Price Estimator Settings ▾ - Price 1: User input value for RSI future price - Price 2: User input value for RSI future price - Price 3: User input value for RSI future price - Panel Position Offset: User input value for panel position offset - Price Decimals: User input value for output price decimals in panel - Show RSI/OscMA cross Price: Enable/Disable RSIxOscillator MA cross future price - Show RSI Level for Input Price: User input price for future RSI level - Invisible Background: Enable/Disable Background Auto Text Color > Auto color change of Panel text according to Dark/Light chart theme + Oscillator Support/Resistance Settings ▾ - Show Support line: Allows user to Enable/Disable Oscillator support line Color > Auto Color: Auto color change of support line according to Dark/Light chart theme - Show Resistance line: Allows user to Enable/Disable Oscillator resistance line Color > Auto Color: Auto color display of resistance line according to Dark/Light chart theme - Lookback lows/highs: User input of Lookback lows/highs value - Distance threshold: Distance from the line to the low - Line touch points: Number of points that have to be around the line - Low/High left bars: User input of Low/High left bars value - Low/High right bars: User input of Low/High right bars value - Line style: User selection of line style - Line thickness: User input of line thickness value + Oscillator 1st Divergence Settings ▾ - Divergence Source: User selection of divergence source. "High/Low" (high/low of oscillator/price divergence detection), "Close" (close of oscillator/price divergence detection) and "Both" (Both Close + High/Low of oscillator/price divergence detection). (Note: Traditional Divergence indicator default source is "High/Low") - Pivot Lookback Right: How many candle to compare on the right side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signaled, but the quality of those detections could be lower. - Pivot Lookback Left: How many candle to compare on the left side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signaled, but the quality of those detections could be lower. - Divergence Max Length (Bars): The maximum length of a divergence (number of bars). If a detected divergence is longer than this, it will be discarded - Divergence Min Length (Bars): The minimum length of a divergence (number of bars). If a detected divergence is shorter than this, it will be discarded - Show Divergence as: - Line Thickness: User input divergence line thickness value - Label Transparency: it could reduce labels mess on oscillator line, input "100" for label text only without label background - Labels Text Color: User label text color selection Auto Text Color > Auto color change of label text according to Dark/Light chart theme - Bull Divergences: Enable/Disable of Bull divergences > Color: User selection of Bull divergence color > Oversold only: It will show Regular Bullish RSI divergences in oversold zone only, RSI oversold threshold can be configure in "Primary RSI Settings" section. - Bear Divergences: Enable/Disable of Bear divergences > Color: User selection of Bear divergence color > Overbought only: It will show Regular Bearish RSI divergences in overbought zone only, RSI overbought threshold can be configure in "Primary RSI Settings" section. - Hidden Bull Div: Enable/Disable of Hidden Bull divergences > Color: User selection of Hidden Bull divergence color - Hidden Bear Div: Enable/Disable of Hidden Bear divergences > Color: User selection of Hidden Bear divergence color + Oscillator 2nd Divergence Settings ▾ - Same as Oscillator 1st Divergence Settings + Oscillator 3rd Divergence Settings ▾ - Divergence source: User selection of divergence source . "oscillator" (divergence detection with high/low or close of selected oscillator), "price" (divergence detection with high/low or close of price) - Bull price source: User selection of Bull price source. Bull price source: "Low" (low of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source") - Bear price source: User selection of Bear price source. Bear price source: "High" (high of price divergence detection), "Close" (close of price divergence detection) (linked to "price" in "Divergence source") - Low/High left bars: How many candle to compare on the left side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signaled, but the quality of those detections could be lower. - Low/High right bars: How many candle to compare on the right side of a candle when deciding whether it is a pivot. The lower the number is, the earlier pivots (and therefore divergences) will be signaled, but the quality of those detections could be lower. - Maximum lookback bars: The maximum length of a divergence (number of bars). If a detected divergence is longer than this, it will be discarded. - Price threshold: User selection of Price threshold, higher values more lines - RSI threshold: User selection of RSI threshold, higher values more lines - Show Lows: Displays lows of RSI - Show Highs: Displays highs of RSI - Show Divergence as: - Line Style: - Line thickness: User input divergence line thickness value - Label Transparency: it could reduce labels mess on oscillator line, input "100" for label text only without label background - Labels Text Color: User label text color selection Auto Text Color > Auto color change of label text according to Dark/Light chart theme - Bull Divergences: Enable/Disable of Bull divergences > Color: User selection of Bull divergence color > Potential Bull: It will plot potential regular bull divergence with dotted line. - Bear Divergences: Enable/Disable of Bear divergences > Color: User selection of Bear divergence color > Potential Bear: It will plot potential regular bear divergence with dotted line. - Hidden Bull Div: Enable/Disable of Hidden Bull divergences > Color: User selection of Hidden Bull divergence color > Potential H.Bull: It will plot potential hidden bull divergence with dotted line. - Hidden Bear Div: Enable/Disable of Hidden Bear divergences > Color: User selection of Hidden Bear divergence color > Hidden Bear divergence: It will plot potential hidden bear divergence with dotted line. > Regular Bull oversold only: It will show Regular Bullish RSI divergences in oversold zone only, RSI oversold threshold can be configure in "Primary RSI Settings" section. > Regular Bear overbought only: It will show Regular Bearish RSI divergences in overbought zone only, RSI overbought threshold can be configure in "Primary RSI Settings" section. + Oscillator 4th Divergences Settings ▾ - Upper Length: User pivot input value of draw upper divergence line From - To Pivot: - Lower Length: User pivot input value of draw lower divergence line From - To Pivot: - Show Divergence as: - Line Style: - Line thickness: User input divergence line thickness value - Label Transparency: it could reduce labels mess on oscillator line, input "100" for label text only without label background - Labels Text Color: User label text color selection Auto Text Color > Auto color change of label text according to Dark/Light chart theme - Bull Divergences: Enable/Disable of Bull divergences > Color: User selection of Bull divergence color - Bear Divergences: Enable/Disable of Bear divergences > Color: User selection of Bear divergence color - Regular Bull oversold only: It will show Regular Bullish RSI divergences in oversold zone only, RSI oversold threshold can be configure in "Primary RSI Settings" section. - Regular Bear overbought only: It will show Regular Bearish RSI divergences in overbought zone only, RSI overbought threshold can be configure in "Primary RSI Settings" section. + Oscillator HHLL Pivots Settings ▾ - Pivot Length: User input value of HH/LL pivot length > L.Text Color: User label text color selection - HH color: User HH Label color selection - HL color: User HL Label color selection - LH color: User LH Label color selection - LL color: User LL Label color selection + Oscillator OB/OS Colored Bars Settings▾ - Overbought/Oversold Bars Oscillator: Plots Overbought/Oversold color bars based on RSI, MFI, Stoch, Stoch RSI overbought/oversold threshold conditions separately or combined(when every oscillator reach its OB or OS threshold condition at same time). - Overbought Bar Color: User RSI OB Bars color selection - Oversold Bar Color: User RSI OS Bars color selection + Primary RSI Range Color ▾ - OB: Overbought Color - OS: Oversold Color - Bullish: Bullish Color - Bearish: Bearish Color + Primary RSI Color interpolation ▾ - RSI Color: RSI Color - OB: Overbought Color - OS: Oversold Color + Primary RSI Center Line Color ▾ - OB: Overbought Color - Bullish: Bullish Color - Bearish: Bearish Color - OS: Oversold Color + Primary RSI Traditional Color ▾ - RSI Color: RSI Color - OB: Overbought Color - OS: Oversold Color Osc Overbought/Oversold Zones Settings ▾ - OB/OS Zone Band Lines: Enable/Disable OB/OS Zone Band Lines - OB/OS Zones only: Only shows OB/OS Zones and disable all RSI band lines except Middle Band. Background will not be effected by this setting. - Overbought Zone: User input value of Overbought Zone from > To: - Oversold Zone: User input value of Oversold Zone from > To: Osc Overbought/Oversold Highlights ▾ - Overbought Highlights : Enable/Disable Overbought Highlights - Oversold Highlights : Enable/Disable Oversold Highlights - Transparency: Gradient transparency of highlighted area + 'Oscillators Color Settings ▾ - Show Osc Symbol label : Enable/Disable of oscillator symbol label. Displays current oscillator symbol, but with "Override Oscillator Symbol" enabled from "Black RSI Dashboard" it will Auto/forcefully displays Override Oscillator Symbol on Oscillator - Fade out Oscillator line: Fade out the oscillator line color, focusing only the most recent periods prominent for a clearer chart - Fill Stoch/StochRSI lines: Fills Stoch/Stoch RSI lines - Oscillator line thickness: user input value of oscillator line thickness - Oscillator line offset: Shifts the oscillator to the left or to the right on the given number of bars, Default is 0 - OBV Color - MFI Color - ATR Color - UO Color - MOM Color - CVD Bullish Color - CVD Bearish Color + Background Setting ▾ - Custom Background Color: User selection of Background color Authors & Credits: I'd like to THANK to Nabeel Black(myself), LonesomeTheBlue, iFuSiiOnzZ, jmosullivan, zdmre, creengrack, and TradingView for the locally sourced ingredients. Disclaimer: DYOR. Not financial advice. Not a trading system. I am not affiliated with TradingView or any authors mentioned here; You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely. Always trade with confluence and Risk Management. Feedback & Bug report if you found any bug in this indicator or any suggestion, please let me know. Please give feedback & appreciate if you like to see more future updates and indicators. Thank you
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NabeelBlack tarafından
14
Strength Index I2-SIIdea: Enhance the Stoch RSI with DMI to get the visualization of the strength movement. Concept: (Note that we take the close to get the closing price). -Combination of 2 Stoch RSI (using value K): 1 is UP, 1 is DOWN (these settings have been customized). -Every time they cross, it calculates the direction of 3 nearly previous crossings to get the color of the current line. -The value has been re-calculated with the processed value from ADX and DI- (That's why it can be more than 100 or -100 in some cases). -RSI Overbuy and oversell are removed because the value could be beyond it. How it works: 1. The line is show as the strength index of bars - Green means the up strength is strong. - Red means the down strength is strong. - Gray means the previous strength is getting week. 2. This one can be used to find divergence. 3. This indicator provides a warning signal when the color of the line changes: - Change color: +Turn red: "Down Red" +Turn green: "Up Green" +Turn gray: "Down Gray"/"Up Gray" Suitable time frames: 15m, 4h, 1D, 1W * Please note that this logic does not attempt to predict future prices or 100% accurate signal. (INVITE ONLY indicator. Please direct message or visit website if you want to try it out) Hope you guys enjoy! Examples: BTCUSD 1D XAUUSD 4H EURUSD 1H SPX 15m
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albedor tarafından
RSI Pull-BackA pull-back occurs whenever the price or the value of an indicator breaks a line and comes back to test it before continuing in the prevailing trend. The RSI has oversold and overbought levels such as 20 and 80 and whenever the market breaks them returns to normality, we can await a pull-back to them before the reversal continues. This indicator shows the following signals: * A bullish signal is generated whenever the RSI surpasses the chosen oversold level then directly shapes a pull-back to it without breaking it again. * A bearish signal is generated whenever the RSI breaks the chosen overbought level then directly shapes a pull-back to it without surpassing it again.
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Sofien-Kaabar tarafından
3
Market Breadth: Trends & BreakoutsVisualize the percentage of stocks in an index participating in trends and breakouts/breakdowns. The default data source is the S & P 500: the percent of stocks above/below the 200 and 50 day moving averages, and the percentage of stocks making new 52 week breakouts/breakdowns. You can pick new data sources in the settings. The blue band represents the percentage of stocks above/below the 200 day moving average. (It's always 100% in width, unlike say Bollinger bands). The thin blue lines are the same but for the 50 day moving average. The red and green areas represent the percentage of stocks making new 52 week highs/lows. In the example chart you can see a divergence between the market as a whole which continues up and to the right throughout 2021, where as fewer and fewer stocks were above their own 200 day moving average, causing the blue band to trend down. Before the market turns beginning 2022 you can see more stocks making new 52 week lows, even as other stocks make 52 week highs. After the market tops, the percentage of 52 week lows intensifies and the percentage of stocks below their 200 day moving average is already over 50%.
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groks tarafından
Fiat Currency and Gold Indices (FGXY) CandlesA modification of my previous indicator "Crypto Index (DXY) Candles". The idea was to create a similar currency basket to the standard DXY, but from the perspective of other currencies. Still using the standard DXY weights, this indicator allows you to create a tailored index for other currencies, provided that a currency pair exists for each of the 6 components. This means that even currencies that aren't included should work in theory; just find the 3 character currency prefix used by tradingview and give it a shot! This indicator is useful for gauging how well countries/currencies are holding up and when paired with the standard DXY may help see potential inflection points. For use on longer time frames (~1h-~3d) as some of the data being pulled seems to have issues on lower timeframes.
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EsIstTurnt tarafından
1
Crypto Index (DXY) CandlesA modification of @loxx's "Dollar Index (DXY) Candles" allowing for a user selected basket of tickers using the same weights as the standard DXY. Ticker Inputs are in descending order so highest weight is at the top by default, although weighting can be changed manually by modifying the symbol's corresponding weight input in the settings. The Idea was to get a bird's eye view of the crypto space using some of the more relevant names in the space. User's can use the toggle in the settings for viewing the default DXY for comparison. Indicator should be used as a confirmation when looking at long term trend changes in the space, shorter time frames may, or may not be as useful.
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EsIstTurnt tarafından
RSI Candle Advanced V2RSI Advanced As the period value is longer than 14, the RSI value sticks to the value of 50 and becomes useless. Also, when the period value is less than 14, it moves excessively, so it is difficult for us to see the movement of the RSI . So, using the period value and the RSI value as variables, I tried to make it easier to identify the RSI value through a new function expression. This is how RSI Advanced was developed. Period below 14 reduce the volatility of RSI , and period above 14 increase the volatility of RSI, allowing overbought and oversold zones to work properly and give you a better view of the trend. By applying the custom algorithm so that the 'RSI Advanced' with period on a 5-minute timeframe has the same value as the 'original RSI' with period on a 60-minute timeframe. As another example, an 'RSI Advanced' with a period in a 60-minute time frame has the same value as an 'original RSI' with a period in a 240-minute time frame. Compare the difference in the RSI with a period value of 200 in the snapshot. ------------------------------------------------------------------------------------------ RSI Candlestick RSI derives its value using only the closing price as a variable. I solved the RSI equation in reverse and tried to include the high and low prices of candlesticks in the equation. As a result, 'if the high or low was the closing price, the value of RSI would be like this' was implemented. Just like when a candle comes down after setting a high price, an upper tail is formed when RSI Candle goes down after setting a high price!! In divergence, we had to look only at the relationship between closing prices, but if we use RSI candles, we can find divergences in highs and highs, and lows and lows. Existing indicators could not express "gap", but Version 2 made it possible to express "gap"!!!!!! RSI can be displayed as candlesticks, bars and lines Then enjoy my RSI! ---------------------------------------------------------------------------------------- RSI Advanced 기간값이 14보다 길어질수록 RSI값은 50값에 달라붙게 되어서 쓸모가 없어집니다. 또 기간값이 14보다 줄어들수록 과도하게 움직여서 우리는 RSI의 움직임을 보기가 힘듭니다. 그래서 기간 값과 RSI 값을 변수로 사용하여 새로운 함수 식을 통해 RSI 값을 식별하기 편하도록 해보았습니다. 이렇게 RSI Advanced가 개발되었습니다. 기간값이 14보다 낮으면 rsi의 변동폭이 줄어들고, 기간값이 14보다 크면 변동폭이 넓어져 과매수 및 과매도 영역이 제대로 작동하여 추세를 더 잘 볼 수 있습니다. 또한 저는 5분 타임프레임의 기간값이 168(=14*12)인 RSI가 주기 값이 14인 60분 타임프레임의 RSI와 동일한 값을 갖도록 적절한 함수 표현식을 적용하여 RSI를 변경했습니다. 다른 예로, 15분 시간 프레임에서 기간값이 56(=14*4)인 RSI는 60분 시간 프레임의 기간값이 14인 RSI와 동일한 값을 갖습니다. 기간값이 200인 RSI의 차이를 스냅샷에서 비교해보십시오. ----------------------------- RSI Candlestick RSI는 종가만을 변수로 사용하여 값을 도출해냅니다. 저는 RSI 식을 역으로 풀어내어서 캔들스틱의 고가와 저가, 시가를 식에 포함시켜보았습니다. 결과적으로, '만약 고가나 저가가 종가였다면 RSI의 값이 이럴것이다'를 구현해내었습니다. 캔들이 고가를 찍고 내려오면 윗꼬리가 생기듯 RSI Candle에서도 고가를 찍고 내려오면 윗꼬리가 생기는겁니다!! 다이버전스 또한 원래는 종가끼리의 관계만 봐야했지만 RSI 캔들을 이용한다면 고가와 고가, 저가와 저가에서도 다이버전스를 발견할 수 있습니다. 기존의 지표는 "갭"을 표현하지 못했지만 Version 2 에서는 "갭"을 표현할 수 있게 만들었습니다!!!!!! 그럼 잘 사용해주십시오!!!
Pine Script® göstergesi
Dicargo_Beam tarafından
7
(CM|DB) Caruso Market DashboardThe Caruso Market Dashboard (CM|DB) provides a snapshot of key US market data, market internals (breadth), and economic statistics. It displays real-time prices of seven major markets along with daily updates of the put/call ratio and multiple breadth measurements. Lastly, it displays the Federal Reserve’s balance sheet and 4-week change of assets held to help investors keep abreast of important FED changes in policy. Presented for both the Nasdaq and NYSE composites and updated at the end of each trading day, the market breadth section shows: · the number of net 52-week highs and lows · the actual number of new 52-week highs and 52-week lows. · The percentage of volume traded on up stocks vs. total volume · The percentage of stocks advancing vs. all stocks · Percentage of stocks above their 5-day average · Percentage of stocks above their 50-day average · Percentage of stocks above their 200-day average In addition to presenting all of this valuable information in a table, users can hide the table and plot each market and economic data point. This is very helpful when viewing trends as well as overbought and oversold levels for these data points.
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CarusoInsights tarafından
Investing ZonesInvesting Zones indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price. -There is an area called "No trading Zone" where the price is too slow, It also has a Alma Trend Ribbon (blue for uptrend, pink for downtrend) that helps to make trading decisions. -You can make shorts when the price enters the Yellow zone called the "Sell Zone" and the price is below the Alma trend, set the TP1 in the white dotted line, and TP2 in the white lower line -You can make longs when the price enters the Green zone called the "Buy Zone" and the price is above the Alma trend, set the TP1 in the yellow dotted line, and TP2 in the yellow upper line -It works in all timeframes, personally I use it in 1min, 5min and 1hr.
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Ramonimous tarafından
2
Price Average ZonesThis indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price. It also has a line that shows the average of the price movement. you can make shorts when the price enters the orange zone called the "Short Zone". You can make longs when the price enters the orange zone called the sell zone. It works in all timeframes, personally I use it in 1 min and in 1 hour.
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Ramonimous tarafından
4
Uber VQ - Volatility Quality Index [UTS]Name: Uber VQI - Volatility Quality Index Created: 2022/11/22 Copyright: © UberTradingSystems Description: The volatility quality index was first introduced by Thomas Stridsman in Technical Analysis of Stocks and Commodities magazine in the August 2002 edition. This powerful indicator points out the difference between bad and good volatility in order to identify better trade opportunities in the market. It is suggested to use this indicator as a confirmation signal together with the other indicators in your system. General Usage Stridsman suggested buying (or "to go long") when VQ has increased in the previous 10 bars and selling (or "to go short") when it has decreased in the previous 10 bars. This indicator has been updated to reflect its modern iterations. One of the following signals are choosable trading signal generator: VQ Sum Short MA Long MA All three signal triggering conditions can selectively be drawn on the indicator for study and reference purposes. In addition, generated buy and sell signals can be drawn on the indicator and are modifiable too. Alerts To allow alert notifications, generated signals are connected as selectable "Long Signal" and "Short Signal" to the indicator alerts. The conditions can be found on the alert sections of the indicator. In the menu right to the indicator name, press the three dots and select "Add alert on ...". Under condition options select one of the following: Long Signal Short Signal It is advised to select "Once per bar close" as alert execution option. Moving Averages To fine-tune the "Short MA" and "Long MA" calculation, 16 different Moving Averages are available to choose from: ALMA (Arnaud Legoux Moving Average) DEMA (Double Exponential Moving Average) EMA (Exponential Moving Average) FRAMA (Fractal Adaptive Moving Average) HMA (Hull Moving Average) JURIK (Jurik Moving Average) KAMA (Kaufman Adaptive Moving Average) Kijun (Kijun-sen / Tenkan-sen of Ichimoku) LSMA (Least Square Moving Average) RMA (Running Moving Average) SMA (Simple Moving Average) SuperSmoothed (Super Smoothed Moving Average) TEMA (Triple Exponential Moving Average) VWMA (Volume Weighted Moving Average) WMA (Weighted Moving Average) ZLEMA (Zero Lag Moving Average) A freely determinable length allows for sensitivity adjustments that fit your own requirements.
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UberTradingSystems tarafından
Uber VQ (Lite) - Volatility Quality Index [UTS]Name: Uber VQI (Lite) - Volatility Quality Index Created: 2022/11/22 Copyright: © UberTradingSystems Description: The volatility quality index was first introduced by Thomas Stridsman in Technical Analysis of Stocks and Commodities magazine in the August 2002 edition. This powerful indicator points out the difference between bad and good volatility in order to identify better trade opportunities in the market. It is suggested to use this indicator as a confirmation signal together with the other indicators in your system. Lite Version Please note that this "Lite" version offers full functionality but is constrained to Euro / US-Dollar trading pairs only. You can find it as "EURUSD" on many providers such as FXCM, Oanda, Capital.com, Currency.com etc. If you like this indicator, consider checking out the original. More details under "Author's instructions" and "Signature" sections below. General Usage Stridsman suggested buying (or "to go long") when VQ has increased in the previous 10 bars and selling (or "to go short") when it has decreased in the previous 10 bars. This indicator has been updated to reflect its modern iterations. One of the following signals are choosable trading signal generator: VQ Sum Short MA Long MA All three signal triggering conditions can selectively be drawn on the indicator for study and reference purposes. In addition, generated buy and sell signals can be drawn on the indicator and are modifiable too. Alerts To allow alert notifications, generated signals are connected as selectable "Long Signal" and "Short Signal" to the indicator alerts. The conditions can be found on the alert sections of the indicator. In the menu right to the indicator name, press the three dots and select "Add alert on ...". Under condition options select one of the following: Long Signal Short Signal It is advised to select "Once per bar close" as alert execution option. Moving Averages To fine-tune the "Short MA" and "Long MA" calculation, 16 different Moving Averages are available to choose from: ALMA (Arnaud Legoux Moving Average) DEMA (Double Exponential Moving Average) EMA (Exponential Moving Average) FRAMA (Fractal Adaptive Moving Average) HMA (Hull Moving Average) JURIK (Jurik Moving Average) KAMA (Kaufman Adaptive Moving Average) Kijun (Kijun-sen / Tenkan-sen of Ichimoku) LSMA (Least Square Moving Average) RMA (Running Moving Average) SMA (Simple Moving Average) SuperSmoothed (Super Smoothed Moving Average) TEMA (Triple Exponential Moving Average) VWMA (Volume Weighted Moving Average) WMA (Weighted Moving Average) ZLEMA (Zero Lag Moving Average) A freely determinable length allows for sensitivity adjustments that fit your own requirements.
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UberTradingSystems tarafından
Index OverlayNote: use this indicator only with New York Timezone + you need to understand ICT concepts already, this indicator simplifies the chart work. Also, in this script I added some open-source scripts from creators here on tradingview, but I forgot to annotate their names... If you recognize your script, please text me and I'll add your credits. features - displays Midnight and Sunday open lines - day separation (from midnight) - FVGs - VWAP (calculated from midnight open) - daily labels - TDH & TDL (liquidity) - trading time window (from 9:30 to 12:00 ny time) HOW TO USE Combined with daily bias, the idea is to wait for 9:30 to open, and then wait for a liquidation of TDH (plotted in blue) or TDL (in red). Once it happens, you can look for ICT buy / sell model, ideally in the 5m TF.
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carlob777 tarafından
3
Alex's Dikfat Velocity 2hr CCI Color SignalerAlex's Dikfat Velocity 2hr CCI Color Signaler As most traders have experienced at one time or another, over bought and oversold readings are relative in nature and do not always work as a standalone reading. Momentum indicators such as the Commodity Channel Index ( CCI ) have to be understood and read correctly to determine the value in a momentum reading. When an asset is "Overbought" or "Oversold" the reading can remain in this region Irrationally for extended periods as the market remains in irrational trend. In order to better understand this and other readings on a momentum indicator clues such as divergence, exhaustion, continuation, time and frequency as well as the actual velocity of the movement must be measured. In addition, there are very specific measurement lines on the CCI that must be read and that can reject or break and result in the asset either loosing or gaining momentum in one direction or the other. These are the dashed lines in the background. For the purposes of this Indicator, the actual function, characterization and use of CCI will not be explained here as the colored indications themselves will do all the work for you. It is very important to know that the calculations used to signal the color filling ARE NOT based on simple breaks of the dashed background lines as traditionally read with a CCI indicator. The calculations used in this Indicator are based on a very fine tuned mathematical algorithm that measure an unseen element within the CCI . When the VELOCITY of a move in momentum is met, the color fills will begin. When the VELOCITY of the move changes, so to will colorization. This has led to some of the best High Probability Long and Short Sale signaling in any CCI indicator. Pairing this with your favorite chart indicators and personal analysis will result in high tradability but can also be used stand alone. Remember: No one single indicator should ever be used to determine market signaling. A basic understanding of a CCI indicator is recommended before using this indicator. This indicator and the proprietary calculations used were built and meant to be used on the 2 Hour Timeframe. The indicator is open to all time frames and accuracy increases as the time frame increases. It is recommended that if you use this indicator on a lower timeframe, to pull CCI readings from a higher Timeframe as found in the settings. This indicator signals long and short opportunities. High Probability long and short trades, bullish and bearish divergence building, market time traps and bullish / bearish continuation as well as exhaustion of these moves. There is also a companion indicator which will signal the High Probability Long and Short trades on the candle chart called "Alex's Dikfat CCI Equity Signaler" Which will place white Triangles on the candle chart showing high probability long entries and Orange Triangles for High Probability short entries. These are also built into the CCI line and can be turned on in this indicator. Color Code: Bullish Continuation: (Background Color Black) The function of the black background colorization is to alert the user that a bullish move has begun and is currently in a strong continuation period. the longer the black background color draws, the more sustained or trending up the current move is. When these background lines begin to break and start to appear as more frequent broken background lines, exhaustion in the move can be assumed. When the black stops drawing all together, the strength of the continuation move is gone. Bearish Continuation: (Background Color Fuchsia) The function of the fuchsia background colorization is to alert the user that a bearish move has begun and is currently in a strong continuation period. the longer the fuchsia background color draws, the more sustained or trending down the current move is. When these background lines begin to break and start to appear as more frequent broken background lines, exhaustion in the move can be assumed. When the fuchsia stops drawing all together, the strength of the continuation move is gone. High Probability Long/Short: These buy and sell opportunities were designed to give a trader the best signal/entry on a Long or a Short with the highest probability of making a large and typically sustained impulse move. High Probability Long: (White Color Fill) The High Probability Long is a signal to BUY with the best possible entry on an a pending large impulse move to the upside. When White begins to fill, The long is extremely likely. The signal is confirmed on the close of the following candle after white begins to draw unless an opposing color immediately follows, or white dips below the zero line. White will always usually start just below the zero line in the highest probability scenarios. High Probability Short: (Orange Color Fill) The High Probability Short is a signal to SELL SHORT with the best possible entry on a pending large impulse move to the downside. When Orange begins to fill, The Short is extremely likely. The signal is confirmed on the close of the following candle after orange begins to draw unless an opposing color immediately follows. Some of the best entries for Orange are when it starts at the END of a black stripe in the background and better so when Orange dips below zero for entry. The signal was designed to color early enough to get in a short during consolidation before the move. Long and Short Opportunities: Long and Short opportunities are just as they sound. Coloring will signal green for a long opportunity and red for a short opportunity. These opportunities are not always guaranteed and usually result in an lesser impulse move in one direction with a shorter duration. Long Opportunity: (Green) The Long Opportunity is a signal that a Long is possible however with less likely odds of a larger more sustained move. When Green begins to fill, a long opportunity is available. The signal is confirmed on the close of the following candle after green begins to draw unless an opposing color immediately follows, or green dips below the zero line. Green will always usually start just above the zero line and have the best opportunities at the end of Bullish Divergence (Blue) at the end of Bearish Continuation (Fuchsia) or a non filled CCI . Short Opportunity: (Red) The Short Opportunity is a signal that a Short is possible however with less likely odds of a larger more sustained move. When Red begins to fill, a short opportunity is available. The signal is confirmed on the close of the following candle after red begins to draw unless an opposing color immediately follows. Some of the best entries for Red are when it starts at the END of a black stripe in the background (higher odds than other red signaling). The signal was designed to color early enough to get in a short during consolidation before the move and better so if orange develops after red. Bullish Divergence: (Dark Blue) Dark Blue colors when Bullish Divergence is detected. Bullish divergence is a signal that momentum is building higher within the asset for an up move while price action in the candle chart makes lower lows. Bullish Divergence is not a signal to buy or sell but rather a sign post to say WAIT. Bullish divergence is building and a Long is coming. Some traders will buy bullish divergence in anticipation of a move and is only equitable if you have the cash and resolve to follow it through for as long as it is developing. Buying or selling divergence right away is not always the best practice unless a hard dip below all momentum lines followed by an immediate buy signal from white or green resulting in a drop base rally. Bearish Divergence: (Dark Maroon) Dark Maroon colors when Bearish Divergence is detected. Bearish divergence is a signal that momentum is dropping out of the asset for a move lower while price action in the candle chart makes higher highs. Bearish Divergence is not a signal to buy or sell but rather a sign post to say WAIT. Bearish divergence is building and a Short is coming. Some traders will sell bearish divergence in anticipation of a move and is only equitable if you have the cash and resolve to follow it through for as long as it is developing. Buying or selling divergence right away is not always the best practice unless a hard rip above all momentum lines followed by an immediate sell signal from red or orange resulting in a rally base drop. No Color Fill: When CCI has no color fill whatsoever it is telling the trader there are no high velocity movements in momentum in any direction. Best practice is to do nothing and wait out the Time Trap currently on the chart until signaling develops. Time and Frequency: Time and frequency is notable throughout the indicator. First and foremost when CCI is not being filled it is best practice to do nothing as there is NO Velocity of Movement within the asset at that time. This is one of the most obvious of Time Traps. Bullish and Bearish Divergence is also a type of Time Trap. The longer these develop, the more weak hands are shaken out of the market and derivatives traders have their premium burned. Best practice with divergences is also to wait until adequate signaling develops, or be willing to buy or sell the appropriate divergence by accumulating or distributing for as long as it develops; or simply to buy/sell and hold for the move. Any Sustained color for extended periods of time is also a time trap signaling to the trader that the asset is being irrational in its present move. Bullish and Bearish Continuation: These also deal with time and frequency most importantly. When we are on a sustained Bull Run, black will color in the background continuously. When the black starts to barcode or break up, exhaustion of the bull run is assumed as the frequency of the run becomes erratic. Inversely, When we are on a sustained Bear Run, fuchsia will color in the background continuously. When the fuchsia starts to barcode or break up, exhaustion of the bear run is assumed as the frequency of the run becomes erratic. The color scheme is designed to be read from darkest to lightest when a sequence of events is found. I.E Dark Maroon>Red>Orange or Inversely Dark Blue>Green>White In keeping with the best practices and traditions of TradingView, we have published this as a public script with the best intentions of aiding the TradingView community in unique and valuable ways. While some of our best indicators are by invite only, we feel an addition to the community of this magnitude will add to the fabric and substance of community.
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