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Christmas Toolkit [LuxAlgo]It's that time of the year... and what would be more appropriate than displaying Christmas-themed elements on your chart? The Christmas Toolkit displays a tree containing elements affected by various technical indicators. If you're lucky, you just might also find a precious reindeer trotting toward the tree, how fancy! 🔶 USAGE Each of the 7 X-mas balls is associated with a specific condition. Each ball has a color indicating: lime: very bullish green: bullish blue: holding the same position or sideline red: bearish darkRed: very bearish From top to bottom: 🔹 RSI (length 14) rsi < 20 - lime (+2 points) rsi < 30 - green (+1 point) rsi > 80 - darkRed (-2 points) rsi > 70 - red (-1 point) else - blue 🔹 Stoch (length 14) stoch < 20 - lime (+2 points) stoch < 30 - green (+1 point) stoch > 80 - darkRed (-2 points) stoch > 70 - red (-1 point) else - blue 🔹 close vs. ema (length 20) close > ema 20 - green (+1 point) else - red (-1 point) 🔹 ema (length 20) ema 20 rises - green (+1 point) else - red (-1 point) 🔹 ema (length 50) ema 50 rises - green (+1 point) else - red (-1 point) 🔹 ema (length 100) ema 100 rises - green (+1 point) else - red (-1 point) 🔹 ema (length 200) ema 200 rises - green (+1 point) else - red (-1 point) The above information can also be found on the right side of the tree. You'll see the conditions associated with the specific X-mas ball and the meaning of color changes. This can also be visualized by hovering over the labels. All values are added together, this result is used to color the star at the top of the tree, with a specific color indicating: lime: very bullish (> 6 points) green: bullish (6 points) blue: holding the same position or sideline red: bearish (-6 points) darkRed: very bearish (< -6 points) Switches to green/lime or red/dark red can be seen by the fallen stars at the bottom. The Last Switch indicates the latest green/lime or red/dark red color (not blue) 🔶 ANIMATION Randomly moving snowflakes are added to give it a wintry character. There are also randomly moving stars in the tree. Garland rotations, style, and color can be adjusted, together with the width and offset of the tree, put your tree anywhere on your chart! Disabling the "static tree" setting will make the needles 'move'. Have you happened to see the precious reindeer on the right? This proud reindeer moves towards the most recent candle. Who knows what this reindeer might be bringing to the tree? 🔶 SETTINGS Width: Width of tree. Offset: Offset of the tree. Garland rotations: Amount of rotations, a high number gives other styles. Color/Style: sets the color & style of garland stars. Needles: sets the needle color. Static Tree: Allows the tree needles to 'move' with each tick. Reindeer Speed: Controls how fast the deer moves toward the most recent bar. 🔶 MESSAGE FROM THE LUXALGO TEAM It has been an honor to contribute to the TradingView community and we are always so happy to see your supportive messages on our scripts. We have posted a total of 78 script publications this year, which is no small feat & was only possible thanks to our team of Wizard developers @alexgrover + @dgtrd + @fikira , the development team behind Pine Script, and of course to the support of our legendary community. Happy Holidays to you all, and we'll see ya next year! ☃️
Pine Script™ indikatörü
LuxAlgo tarafından
30
RSI/MFI Ultimate MAHello! Today, I want to discuss a special indicator that I've developed. centers around a weighted moving average based on RSI/MFI. 1. Development Purpose The primary goal of this indicator is to provide clearer insights into bullish and bearish signals in the market. It applies a weight to the RSI (Relative Strength Index) and MFI (Money Flow Index) values to offer more sensitive and predictive trend signals than traditional moving averages. 2. Usefulness This indicator aids traders in identifying market volatility and bullish or bearish trends more easily. It is particularly responsive to market volatility, providing more accurate information for trading decisions. 3. Real-World Usage Examples When applied to actual market data, this indicator clearly delineates bullish or bearish sections with its weighted moving average line. For instance, an upward trending moving average line indicates a bullish signal, while a downward trend suggests bearish momentum. 4. Meaning of Parameter Values option: Allows choosing between RSI or MFI, each analyzing different market signals. osc_len: Adjusting the oscillator length alters sensitivity. ma_len: Setting the moving average length helps to modulate responsiveness to market fluctuations. weight: Changing the weight fine-tunes the sensitivity of the moving average line. By adjusting these parameters, the indicator can be customized to suit various market conditions. Wishing you a successful trading day. Thank you!
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TRJAKE_kr tarafından
4
CofeeShopCrypto CoffeeBreak RSI**This Indicator DOES NOT REPAINT** For me the RSI who's been a very powerful tool but one of the things that's been missing from it time and time again is the ability to show true dynamic support and resistance that is generated by the movements of the RSI. This version of the Relative Strength Index is designed to visualize and mark Support and Resistance conditions on the Relative Strength Index (RSI) itself, and leaving behind those known dynamic support and resistance (S/R) zones. It also has the ability during live marks to show you whether the majority of momentum is to the bullish or bearish side and if there is a conflict between the current momentum and the support or resistance zone that you are inside of. In short it will create the zones during live market. This means you don't have to wait to only look at previous values you can also make an assessment during live breakouts on current support and resistance levels as well as using previous support and resistance levels as markers for any limits in movement. Inputs Tab: Show Dynamic Zone Creator - Gives you a live action SR Generator on your chart at your current bars which extends a bit into the future for a better visual sense of activity. The color of this area can be set manually or you can let the script color this area automatically. This Generator helps to plot Support and Resistance Zones on your chart. If no zone is triggered then it will move on. If a zone is triggered, it will change to the appropriate color and leave the zone behind as the new candles form. Show Dynamic Zone Mid Level - This is just a midline of the Zone Creator to get an earlier visualization of what's happening inside the zone when it is very large. I use this midline as a breakpoint when price and RSI values come back to this level and both break it. If only ONE breaks the level, I do not take it as a confirmation. Extend RSI support and resistance boxes into the future - this is strictly up to the user which value you set. It will simply extend the zones that were left behind into the future as many bars as you choose. Depending on the chart or asset that you trade and how much volatility there is at the time you should be able to determine a good length for these boxes. How many bars reflect the dynamic S/R zone - raising this value can overlap more zones using more bars going backwards. This can intensify the color of the current zone being created. The lowest value you should use is 2. But the higher you make this value you will also be able to see previous zones created with more intensity. Raising this value above the RSI value can give you a very nice previous depletion of color on previous zones where you'll be able to watch them fade away and it will intensify the current ones being created. Only show this many previous support and resistance zones - this is a way to limit the number of zones that are being left behind on your chart which could possibly slow down the activity of calculations and how your chart moves with more indicators on it. Technically you can show 400 to 500 previous zones on your chart but you don't really need to see that many in the past so set this to something that is relative to how far in history you need to reference SR levels. ------------- Lets talk about how to take trades and see false breakouts. ------------- Support Created, Not broken, False Breakout In the image below you can see how the Dynamic Zone Generator left behind a Support Level however the RSI was unable to break above it. This creates a price swing on the chart. The RSI later comes back to this level, however while price breaks this level, the RSI does not. This confirms that it is a false breakout. ------------------------------------------------------------------------------------------ Now lets take a look at what a confirmed breakout is for a short along with a Continuation of short move. This is quickly followed by a divergence. In the image below you can see how the RSI was in its ranging area and broke below that range. In this case it would be be below -10. During this time it never created a support level or resistance level underneath it implicating that it has continuous movement. You can see later that when it broke back inside of the range did not go long instead there was a red resistance area created below the RSI. The RSI then again broke below -10 and it broke through this resistance area below it indicating another quick short entry. This is the setup for a quick continuation. Be careful of these setups as they are usually followed quickly by a divergence. ---------------------------------------------------------------------------------- The Dynamic Zone Creator takes its time to calculate. It cant predict the future so you'll have to just let it do its thing. Once the candles close and they confirm, you'll have the color, and zone size you need. The Dynamic Zone Creator works against your currently OPEN candles. It will give you a high and a low area of a zone which you can use in later points of the oscillator to determine if you have valid breakouts and or bounces of price and momentum. When set to automatic coloring, its zone background and midline will automatically change their colors to match the momentum of the RSI and price. If there is no support or resistance found, the Zone Creator will simply move onto the next candles in play. If there IS support or resistance found, the Zone Creator will leave behind a phantom zone or Support or Resistance. Keep in mind these zones left behind will turn into opposing Support or Resistance depending on if price and momentum break these areas simultaneously. ----------------------------Reason for closed source---------------------------- This indicator will be updated in the future to also produce trendlines, signals, and incorporate different methods of validate pivots and volume by calculations I have created of my own. To avoid publishing this script more than once and give you all a direct access, without having to find a secondary or tertiary publication with the addons code is protected and will be updated here. I have put several days into this particular script and will continue over the next few weeks to add in complimentary coding as this version of the script is really just stage one.
Pine Script™ indikatörü
CoffeeshopCrypto tarafından
97
[PUZ]Relativ Strength Index [MTB]Here I provide you with my new RSI indicator. This RSI has some advantages over the normal Tadingview RSI. The RSI is usually calculated exclusively on a Candel Close basis. My RSI is calculated on a Candel Close, Open, High, Low basis, which makes it look a little smoother. Furthermore, there are not only 3 support and resistance lines but a total of 7 where the rsi can bounce. These lines can all be set variably under the Style settings. In addition, the RSI also shows divergences and hidden divergences via red and blue lines. There is also the option to make trend settings Option one involves determining the trend based on various selectable moving averages. You can also select the time frame for trend determination. The trend is shown by coloring the background in the RSI green and red. Of course you can also switch the background on and off. The second trend option is to determine a Fibbonacci line which is displayed red or green on LVL 100 depending on the trend direction. In this trend calculation you can also select the time frame yourself and you can use the sensitivity to determine how many previous candels are taken into account to determine the trend. If a candel close occurs above the 0.5 and 0.236 Fibb LVL, the trend turns green. If a candel close occurs below the 0.5 and 0.786 Fibb LVL, the trend turns red. A final additional feature is an output module where the RSI data is scaled between 0 and 1 in order to further process this data in future scripts. A huge thank you goes out to djmad for providing his math library and another thank you to jdehorty for providing his MLExtension library
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PuzzlesAnalytik tarafından
Trend Flow Profile [AlgoAlpha]Description: The "Trend Flow Profile" indicator is a powerful tool designed to analyze and interpret the underlying trends and reversals in a financial market. It combines the concepts of Order Flow and Rate of Change (ROC) to provide valuable insights into market dynamics, momentum, and potential trade opportunities. By integrating these two components, the indicator offers a comprehensive view of market sentiment and price movements, facilitating informed trading decisions. Rationale: The combination of Order Flow and ROC in the "Trend Flow Profile" indicator stems from the recognition that both factors play critical roles in understanding market behavior. Order Flow represents the net buying or selling pressure in the market, while ROC measures the rate at which prices change. By merging these elements, the indicator captures the interplay between market participants' actions and the momentum of price movements, enabling traders to identify trends, spot reversals, and gauge the strength of price acceleration or deceleration. Calculation: The Order Flow component is computed by summing the volume when prices move up and subtracting the volume when prices move down. This cumulative measure reflects the overall order imbalance in the market, providing insights into the dominant buying or selling pressure. The ROC component calculates the percentage change in price over a given period. It compares the current price to a previous price and expresses the change as a percentage. This measurement indicates the velocity and direction of price movement, allowing traders to assess the market's momentum. How to Use It? The "Trend Flow Profile" indicator offers valuable information to traders for making informed trading decisions. It enables the identification of underlying trends and potential reversals, providing a comprehensive view of market sentiment and momentum. Here are some key ways to utilize the indicator: Spotting Trends: The indicator helps identify the prevailing market trend, whether bullish or bearish. A consistent positive (green) histogram indicates a strong uptrend, while a consistent negative (red) histogram suggests a robust downtrend. Reversal Signals: Reversal patterns can be identified when the histogram changes color, transitioning from positive to negative (or vice versa). These reversals can signify potential turning points in the market, highlighting opportunities for counter-trend trades. Momentum Assessment: By observing the width and intensity of the histogram, traders can assess the acceleration or deceleration of price momentum. A wider histogram suggests strong momentum, while a narrower histogram indicates a potential slowdown. Utility: The "Trend Flow Profile" indicator serves as a valuable tool for traders, providing several benefits. Traders can easily identify the prevailing market trend, enabling them to align their trading strategies with the dominant direction of the market. The indicator also helps spot potential reversals, allowing traders to anticipate market turning points and capture counter-trend opportunities. Additionally, the green and red histogram colors provide visual cues to determine the optimal duration of a long or short position. Following the green histogram signals when in a long position and the red histogram signals when in a short position can assist traders in managing their trades effectively. Moreover, the width and intensity of the histogram offer insights into the acceleration or deceleration of momentum. Traders can gauge the strength of price movements and adjust their trading strategies accordingly. By leveraging the "Trend Flow Profile" indicator, traders gain a comprehensive understanding of market dynamics, which enhances their decision-making and improves their overall trading outcomes.
Pine Script™ indikatörü
AlgoAlpha tarafından
WPO Modified [BackQuant]The Wave Period Oscillator (WPO), developed by Akram El Sherbini, is a sophisticated technical analysis tool that offers traders a dynamic way to interpret market cycles. Its design is inspired by the natural ebb and flow of markets, which often follow cyclical patterns driven by underlying economic, political, and psychological factors. The oscillator's unique contribution to market analysis lies in its ability to smooth out the "noise" inherent in daily price movements, thus providing a clearer view of the market's rhythmic fluctuations over time. -----> Time Cycle Oscillators' in the IFTA Journal 2018 (page 66 - 77), as found below: ifta.org El Sherbini's WPO is grounded in the concept of wave period analysis, which suggests that financial markets move in waves or cycles. The oscillator translates these movements into a visual tool that oscillates above and below a central zero line. Peaks and troughs on the oscillator correspond to the crests and troughs of market price waves, providing a visual representation of the market's heartbeat. The WPO is not merely a tool for identifying trends but also for detecting shifts in market momentum. It does this through a mathematical model that measures divergence—when the direction of the oscillator deviates from the direction of price movement. Such divergences can be precursors to potential reversals or continuations in the market, offering traders advance notice of significant changes in price direction. Further refining its utility, the WPO incorporates methods for calculating divergence that are sensitive to the unique conditions of different markets and securities. This includes adjusting for volatility and market velocity, allowing the oscillator to provide relevant signals regardless of the market environment. In practical terms, traders use the WPO to time their entries and exits with greater precision. When the oscillator shows a high peak or a deep trough, it can signal that a market is potentially overbought or oversold, respectively. The WPO's smoothing property ensures that these signals are not just reactionary to short-term price spikes or drops, but indicative of more substantial, sustained movements. By providing a more measured and smoothed analysis of market cycles, the WPO helps to filter out insignificant price movements and focus on the ones that matter—those that indicate a significant wave of buying or selling pressure. This can be particularly valuable in the cryptocurrency markets, where volatility is high, and traditional indicators may struggle to provide clear signals. For traders and analysts alike, the Wave Period Oscillator represents a convergence of technical precision and market psychology. By focusing on the periodic nature of market movements, it aligns traders with the rhythm of the markets, potentially leading to more harmonious trading decisions that are in step with the market's natural waves. Please see the backtest here: For more simple terms: You can use this indicator as a the oscillator Above 0 for long Below 0 for short OR WPO MA Above 0 for long Below 0 for short
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BackQuant tarafından
Bollinger Bands Percentile + Stdev Channels (BBPct) [AlgoAlpha]Description: The "Bollinger Bands Percentile (BBPct) + STD Channels" mean reversion indicator, developed by AlgoApha, is a technical analysis tool designed to analyze price positions using Bollinger Bands and Standard Deviation Channels (STDC). The combination of these two indicators reinforces a stronger reversal signal. BBPct calculates the percentile rank of the price's standard deviation relative to a specified lookback period. Standard deviation channels operate by utilizing a moving average as the central line, with upper and lower lines equidistant from the average based on the market's volatility, helping to identify potential price boundaries and deviations. How it Works: The BBPct indicator utilizes Bollinger Bands, which consist of a moving average (basis) and upper and lower bands based on a specified standard deviation multiplier. By default, it uses a 20-period moving average and a standard deviation multiplier of 2. The upper band is calculated by adding the basis to the standard deviation multiplied by the multiplier, while the lower band is calculated by subtracting the same value. The BBPct indicator calculates the position of the current price between the lower and upper Bollinger Bands as a percentile value. It determines this position by comparing the price's distance from the lower band to the overall range between the upper and lower bands. A value of 0 indicates that the price is at the lower band, while a value of 100 indicates that the price is at the upper band. The indicator also includes an optional Bollinger Band standard deviation percentage (%Stdev) histogram, representing the deviation of the current price from the moving average as a percentage of the price itself. Standard deviation channels, also known as volatility channels, aid in identifying potential buying and selling opportunities while minimizing unfavorable trades. These channels are constructed by two lines that run parallel to a moving average. The separation between these lines is determined by the market's volatility, represented by standard deviation. By designating upper and lower channel lines, the channels demarcate the borders between typical and atypical price movements. Consequently, when the market's price falls below the lower channel line, it suggests undervaluation, whereas prices surpassing the upper channel line indicate overvaluation. Signals The chart displays potential reversal points through the use of red and green arrows. A red arrow indicates a potential bearish retracement, signaling a possible downward movement, while a green arrow represents a potential pullback to the positive, suggesting a potential upward movement. These signals are generated only when both the BBPct (Bollinger Bands Percentage) and the STDC (Standard Deviation Channel) indicators align with bullish or bearish conditions. Consequently, traders might consider opening long positions when the green arrow appears and short positions when the red arrow is plotted. Usage: This indicator can be utilized by traders and investors to effectively identify pullbacks, reversals, and mean regression, thereby enhancing their trading opportunities. Notably, extreme values of the BBPct, such as below -5 or above 105, indicate oversold or overbought conditions, respectively. Moreover, the presence of extreme STDC zones occurs when prices fall below the lower channel line or cross above the upper channel line. Traders can leverage this information as a mean reversion tool by identifying instances of peak overbought and oversold values. These distinctive characteristics facilitate the identification of potential entry and exit points, thus augmenting trading decisions and enhancing market analysis. The indicator's parameters, such as the length of the moving average, the data source, and the standard deviation multiplier, can be customized to align with individual trading strategies and preferences. Originality: The BBPct + STDC indicator, developed by AlgoAlpha, is an original implementation that combines the calculation of Bollinger Bands, percentile ranking, the %Stdev histogram and the STDC. While it shares some similarities with the Bollinger Bands %B indicator, the BBPct indicator introduces additional elements and customization options tailored to AlgoAlpha's methodology. The script is released under the Mozilla Public License 2.0, granting users the freedom to utilize and modify it while adhering to the license terms.
Pine Script™ indikatörü
AlgoAlpha tarafından
13
Custom RSI with RMA SmoothingCustom RSI with RMA Smoothing is smoothing the classic Relative Strength Index to enhance the effectiveness of using the RSI for trend-following through noise reduction. Principle: 1. RSI is smoothed by the Rolling Moving Average (RMA) and averaged Gains & Losses instead of the classic RSI calculation. 2. A RMA is plotted over the RSI where the crossovers can be entry and exit points. How is RSI smoothed by the RMA: 1. Outside the common price sources a few new options like hhhlc or hlcc can be chosen where the emphasis is more on the high or the close of the chosen period. 2. Calculation of Price Change: After selecting the price source, the indicator calculates the price change by subtracting the previous period's price from the current price. 3. RMA Smoothing of Price Change: The key step in smoothing the RSI is the application of the Running Moving Average (RMA) to the price change. The length of this RMA is set by the user and determines the extent of smoothing. RMA is a type of moving average that gives more weight to recent data points, making it more responsive to new information while still smoothing out short-term fluctuations. 4. Determining Gains and Losses: The smoothed price change is then used to calculate the gains and losses for each period. Gains are considered when the smoothed price change is positive, and losses when it is negative. 5. Averaging Gains and Losses: These gains and losses are further smoothed by calculating their respective RMAs over the user-defined RSI length. This step is crucial as it dampens the impact of short-term price spikes and drops, giving a more stable and reliable measure of price momentum. 6. RSI Calculation: The standard RSI formula (100 - ) is then applied to these smoothed values. This results in the initial RSI value, which is already more stable than a typical RSI due to the previous smoothing steps. 7. Final RMA Smoothing of RSI: In a final layer of refinement, the RSI itself is smoothed using another RMA, over a length specified by the user. This additional smoothing further reduces the impact of short-term volatility and sharp price movements, providing a more coherent and interpretable RSI line.
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gleefulChile7a3bb tarafından
Technical Candle Alerts [SS]Releasing this fun little project indicator. What is it? The Technical Candle Alert indicator provides alerts based on multiple underlying technicals, including MFI, RSI, Stochastics, Z-Score, Pivot points and the EMA 50 and EMA 200 Death and Golden Cross. What does it do? The indicator looks back over a designated timeframe to look for max and min values of technicals, as well as track the EMA200 and EMA50. When a candle approaches a previous max zone, pivot point or there is a death or golden cross, the indicator will signal on the candle that has triggered this event. Then you, as the trader, can determine whether you want to listen to the signal or ignore it. How Does it Work? The indicator is set to default and generally accepted settings for technicals, however you can modify them as you prefer. The indicator is also programmed to identify the strongest trend period and set that as the lookback length. The theory is, you want to look at max and min technicals as well as pivot points in a recent area of a strong trend. However, if you want to over-ride the auto trend identification, you can simply unselect "Autotrend" and put in your desired manual lookback length. The indicator will then keep track of max values for the various technicals and present you with alerts directly over the candle when a Max or Min value is triggered, or a pivot point is entered, etc. Here are some examples: Golden Cross: Death Cross: Previous Pivot Points: Various Alerts: Customization: You can customize which alerts you want to turn off and on. As well, there is a signal delay setting (wait setting). This prevents repeated, unnecessary signaling of the same signal. The default wait time is 5 signals, however you can adjust based on your desired tolerance. If you want it to always signal, adjust it to 0. As indicated before, you can also adjust all of the technicals and the pivot bars for high and low pivots and you can manually set your lookback length. That is the indicator in a nutshell, let me know if you have any questions that may not have been covered in the description. Its pretty straight forward once you play around with it. Safe trades everyone and thanks for checking this out!
Pine Script™ indikatörü
Steversteves tarafından
11
V Shape Rebound - Valuation / Undervalued ZoneThe Indicator is a tool designed to assist value investors(short, middle, long) in identifying potential undervalued market opportunities. How to Use: The valuation level and valuation method can be adapted to individual risk management and capital management. Observe Bottom Price: Using the system's historical data and V-bounce indicator, observe if a company is at the bottom of the price to show that it is undervalued. The valuation levels are categorized into deep undervalue, light undervalue, and bullish retracement levels, and deep and light undervalue are usually used as buy positions. Real-time Alerts: Users can set up real-time alert functionality to ensure they do not miss potential undervalued investment opportunities. Combined with FIE Indicator: The indicator can be used in conjunction with the Financial Fundamental Intelligent Evaluation(FIE) indicator to provide investors with more comprehensive and accurate decision-making support. **There are 8 key elements that must be adhered to before investing, healthy financial position, stable profitability, stable cash flow, good management quality, no suspicion of accounting fraud, undervalued price, positive industry position and strong competitive advantage **It is important to ensure that the FIE's main indices are high average score and low score volatility. The main indices include: Comprehensive, Compressive Strength, Borrowing Capability, Profitability, Liquidity, Leverage or debt, Secondary indices include: Quality of Earning, Receivability, Auxiliary indices greater than score 30~50 can indicate that Profitability is very solid. Example 01 NYSE:TPL Example 02 NASDAQ:AMAT Example 03 NASDAQ:NVDA Example 04 NASDAQ:USLM Example 05 NASDAQ:CPRT
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MYTRIC tarafından
3
Price PressureDescription: The Price Pressure Indicator, developed by OmegaTools, is a robust and versatile tool designed to assist traders in analyzing market dynamics and identifying potential trend shifts. This open-source script, offers a unique approach to understanding price pressure over specified periods, enhancing the user's ability to make informed trading decisions. Key Features: 1. Dynamic Length Configuration: The indicator allows users to customize the length parameter, ranging from 9 to 100, providing flexibility in adapting to different market conditions. 2. Extensions Control: Traders can fine-tune the extension levels (ob) between 50 and 90, allowing for precise adjustments based on their risk tolerance and trading preferences. 3. Normalization and Oscillation: The script employs a normalization function to standardize price data, offering a clearer representation of market pressure. The resulting oscillator visualizes the normalized pressure, highlighting potential market trends. 4. Pressure Calculation: The indicator calculates price pressure by considering the difference between the previous high and the current close, as well as the difference between the current close and the previous low. This innovative approach enhances the accuracy of pressure analysis. 5. Smoothing Option: While the script currently uses a simple moving average for smoothing, traders have the option to explore other smoothing methods by uncommenting the "smt" input line. 6. Visual Clarity: The indicator provides a visually intuitive representation of pressure and signal lines, aiding traders in quickly interpreting market conditions. The color-coded display enhances user experience, with the ability to discern bullish and bearish pressures. 7. Premium and Discount Zones: The script identifies premium and discount areas, assisting traders in spotting potential buying or selling opportunities. The premium and discount lines can be adjusted based on individual risk tolerance and strategy. How to Use: 1. Adjust the length and extension parameters based on your trading preferences. 2. Interpret the oscillator and signal lines for insights into market pressure. 3. Utilize premium and discount zones to identify potential entry or exit points. 4. Experiment with different smoothing options for a customized analysis. Concepts and Methodology: The Price Pressure Indicator utilizes a normalization function and oscillation to quantify market pressure. By calculating the difference between highs and lows, the script provides a nuanced understanding of current market conditions. The smoothing option further refines the analysis, offering traders a comprehensive tool for trend identification. Explore, experiment, and leverage the power of the Price Pressure Indicator to enhance your trading strategy on TradingView.
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OmegaTools tarafından
1
Perfect RSIOverview: The "Enhanced RSI" is a comprehensive TradingView indicator designed to provide traders with a nuanced and detailed analysis of market conditions using the Relative Strength Index (RSI). It amalgamates various RSI calculation methods to offer a more robust and adaptable approach to technical analysis. Originality: This script is unique in its synthesis of multiple RSI calculation techniques, including Regular RSI, Dynamic RSI, DMI RSI, Wilder's RSI, TSI RSI, Momentum RSI, and PPO RSI. By combining these methods, the script creates a distinctive and versatile tool for traders seeking a holistic view of RSI dynamics. How It Works: Diverse RSI Calculations: Regular RSI: Calculates standard RSI with user-defined length and source. Dynamic RSI: Adjusts RSI dynamically based on price movement direction. DMI RSI: Uses Directional Movement Index for RSI calculation. Wilder's RSI: Implements Wilder's smoothing technique for RSI. TSI RSI: Utilizes True Strength Index for RSI calculation. Momentum RSI: Calculates RSI based on momentum. PPO RSI: Applies Percentage Price Oscillator for RSI calculation. Composite RSI: Combines the individual RSIs into three composite indices (RSI1, RSI2, RSI) using a weighted average approach. Dynamic Level Adjustment: Uses the correlation coefficient to dynamically adjust overbought and oversold levels, enhancing adaptability to market changes. Visualization and Background Coloring: Visualizes overbought and oversold zones on the chart. Adjusts background color based on these conditions for clearer interpretation. How to Use: Installation: Copy and paste the script into the Pine Editor on TradingView. Adjust parameters as needed. Analysis: Utilize the "Enhanced RSI" as a comprehensive analysis tool for RSI dynamics. Consider it as a confirmation tool alongside other technical indicators. Customization: Experiment with different RSI lengths and methods to align with your trading strategy. Backtest the script to validate its effectiveness. Considerations: Complexity: The script is sophisticated; users are advised to understand each calculation method before reliance. Parameter Sensitivity: Effectiveness may vary based on chosen parameters; thorough backtesting and parameter optimization are recommended.
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HabibiBudo tarafından
Stochastic Trend Evaluator (STE)Stochastic Trend Evaluator (STE): Detailed Description Overview : The Stochastic Trend Evaluator (STE) is a sophisticated trading tool designed for TradingView that combines stochastic oscillation analysis with Exponential Moving Average (EMA) trends. It is tailored to assist traders in identifying potential buy and sell opportunities in various market conditions, particularly focusing on trend reversals and momentum shifts. Functionality & Concept : The STE is built on two core components – the Stochastic Oscillator and the 200-period EMA. Stochastic Oscillator : This oscillator is a momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period. Settings: - %K Length: 14 - %K Smoothing: 3 - %D Smoothing: 3 The %K line is the main line indicating momentum, while the %D line is a moving average of %K, providing signal triggers. 200 EMA : The 200-period EMA serves as a dynamic trend indicator. It helps in distinguishing between bullish and bearish market phases. A closing price above the 200 EMA suggests a bullish trend, while below it indicates a bearish trend. Signal Generation : STE generates signals based on the interaction between the Stochastic Oscillator and the 200 EMA. Buy Signal : Occurs when the stochastic %K crosses above 20 (indicative of oversold conditions), and the closing price is above the 200 EMA. Represented visually by green label-up arrows. Sell Signal : Triggered when the stochastic %K crosses below 80 (suggestive of overbought conditions), and the closing price is below the 200 EMA. Indicated by red label-down arrows. Background Color Indicator : The background color of the chart changes to enhance visual interpretation of the market condition. Green background for a bullish market scenario (when a buy signal is active). Red background for a bearish market scenario (when a sell signal is active). Usage Guidelines : The STE is best used in markets that exhibit clear trends. Ideal for traders focusing on medium to long-term trade setups. Can be used in conjunction with other indicators for confirmation and risk management. Note : The STE, being a proprietary tool, is based on a unique blend of standard technical analysis concepts and custom logic to provide these trading signals. It is designed to give traders a comprehensive view of the market momentum and trend strength without revealing the intricate details of its algorithm.
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ClearTradingMind tarafından
4
Chaos CypherOverview Technically a smooth linear rate transformation, the "Chaos Cypher" drew some inspiration from the principles of Markov and chaos. Aside from price action, this combination provides a different lens through which to observe and interpret market movements. Markov models are based on the principle that future states depend only on the current state, not on the sequence of events that preceded it. Chaos theory deals with systems that are highly sensitive to initial conditions, a concept popularly referred to as the butterfly effect. Efficient with Minimal Data: Designed to perform efficiently, the CC indicator is particularly useful in situations regardless of extensive historical data, except for obvious back testing, while still providing strength at identifying potential overbought/oversold zones and critical divergences. Simplified Momentum Analysis: With further inspiration from the triple smoothed exponential rate, the CC actually uses linear regression for its calculations. This approach allows for a clear and more straightforward identification of deviations in momentum. The smoothing helps allow it to provide details while still operating at a fast pace due to the regression speed. Adaptable to Various Timeframes: The transformation calculation then employed effectively narrows its scope in relation to the pace, enhancing its applicability across multiple timeframes and periods. This flexibility makes it a versatile tool suitable for various strategies and market conditions. Fisher Transform Style Presentation: The indicator is presented in a style reminiscent of the Fisher Transform. However, this method of the script recalculates based on every individual dataset. To maintain efficiency, the adjustable length only applies to the regression rate. The Chaos Cypher when compared to the Fisher Transform Inversion Option for Leads: Lastly, an intriguing find when testing this script is the potential of the inversion option. This aspect proved particularly useful when searching for pullbacks on a trending market. Conclusion This indicator is designed to be forward-thinking and attempts to combine theoretical concepts with practicality. It has the ability to work with minimal data, adapt to various timeframes, and provide clear views of market movements. It back tested very well even when unrealistically used as a sole instrument. "Two states differing by imperceptible amounts may eventually evolve into two considerably different states ... If, then, there is any error whatever in observing the present state—and in any real system such errors seem inevitable—an acceptable prediction of an instantaneous state in the distant future may well be impossible....In view of the inevitable inaccuracy and incompleteness of weather observations, precise very-long-range forecasting would seem to be nonexistent." -Edward Norton Lorenz
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NantzOS tarafından
1
Gradient Value Overlay This script helps with identifying certain conditions without cluttering too much of the candles. Some use cases: It helps identify rsi low and high values. Directional price movement becoming difficult. low and high volume. it uses a percent rank to distinguish low and high values. It then uses a gradient to match the percentile rank to heatmap type colors. i.e. dark blue for lowest volume, white for highest volume. Current options are: max bars to use. approximate color - This value will attempt to give an approximation of what the color might be for the candle close. e.g. If you're on the 1-hour chart, and only 30 minutes have past, it will multiple the current volume by 1.5. As time passes, if no volume comes in eventually, it will multiply current volume by 1. This approximate value is only set to work with volume-based options. option - select the type of value you'd like to see the gradient for. timeframe - get values from a different chart timeframe. on/off - turns the gradient on or off. Gradient type - color wheel or heatmap. Currently these are the only two gardient options. color wheel's colors for low to high values: color wheel's current colors: dark blue purple pink red orange yellow green teal white heatmap's current colors from low values to high values: dark blue purple pink red orange yellow white reverse gradient - will reverse the colors so dark blue will be the high value and white will be the low value. Some charts based on previous data; you might need to switch the gradient colors. moving average length while inside timeframe - an exponential moving average is applied to the values. At 1, there is no moving average applied. Use case for this is to smooth out the gradient. An example use case - if your currently on the 1-hour chart, you can set the timeframe to 1 minute and then the moving average length inside timeframe to 60. You will then be seeing the color sixty 1-minute bars. current timeframe moving average length - an exponential moving average applied to current gradient (helps with smoothing gradient). Smooth, further smooths values. There is no set rule for what moving average lengths to use. Adjust timeframe, and moving average lengths to get an insight.
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Dean_Crypto tarafından
2
Cloud Channel Signals Indicator [Quantigenics]The Cloud Channel Signals script is a key element of the Cloud Channel Signal System. It primarily focuses on identifying breakout and reversal trades through a sophisticated cloud channel overlay. The script, designed for overlay on the price portion of charts, displays a “cloud-like” channel that signals potential breakout and reversal points around the candles/bars, offering insights into price movements, volatility, and potential support or resistance zones at the outer bands of the channel. As with all of our scripts, the "Cloud Channel Signals" script, is designed to work on ANY symbol and time frame. The input parameters can be adjusted to fit your specific trading style. Technical Composition : Cloud Channel Construction : The Cloud Channel Signals Script is characterized by its innovative Cloud Channel, a proprietary formulation that advances beyond traditional channel calculations. This channel is not a mere adaptation of Bollinger Bands or Donchian Channels; it sets itself apart through a complex blend of calculations. While incorporating elements like standard deviation and high/low price ranges, it notably introduces EMA-based adjustments and integrates intricate mathematical models. This sophisticated algorithmic approach results in a channel that adeptly marks price extremes and dynamically adapts to market volatility and trend shifts. Enhanced by advanced statistical methods, the Cloud Channel offers nuanced insights into market behavior. Its configuration is based on specific range calculations derived from price fluctuations over a defined period, paired with an evolved standard deviation method. This results in a multifaceted analytical tool that surpasses typical channel indicators in depth and sophistication, providing traders with a comprehensive, nuanced view of support and resistance areas. Signal Generation Mechanism : > Breakout Signals : The script identifies breakout signals by assessing price crossover relative to a dynamically constructed channel. This channel is derived from a blend of moving averages and price extremes over a specified period. Oscillator crossovers aid in confirming breakout signals. These crossovers are determined by comparing the oscillator line, calculated as a difference between a transformed moving average and a kernel estimation, with a signal line derived from an exponential moving average of the oscillator. > Reversal Signals : Reversal signals are generated through mathematical analysis of price proximity to the channel's edges, which are calculated using a combination of EMA (Exponential Moving Average) values and the highest/lowest price points within a given time frame. The oscillator's role in identifying reversals involves assessing its value relative to its historical range, which is dynamically adjusted based on market conditions. Oscillator Dynamics : The oscillator is constructed using a combination of rational quadratic and Gaussian kernel functions applied to close prices. The length parameter of the oscillator controls the window of these calculations, impacting its responsiveness. The dynamic level adjustment in the oscillator is based on a calculated average of its peak and trough values over a specified period, offering adaptive sensitivity. Channel Gradient Smoothness : The gradient smoothness of the channel is a function of the variance between the channel's upper and lower bounds. This is visually represented through color intensity changes, reflecting the level of volatility and market momentum. Trend Bias Assessment : Trend Bias is calculated using a combination of high/low averages and smoothed price data. This involves taking the average of the highest and lowest prices over a specified length, then applying an exponential moving average to this average for trend direction assessment. This mathematical assessment of trend direction complements the breakout and reversal signals by aligning them with the prevailing market trend. How to Use the Cloud Channel Signals System : Usage Considerations: The script must be configured with precision to ensure it aligns with the trader’s strategy. This involves meticulous setting of channel lengths, oscillator parameters, and trend bias length. For effective application, it’s essential to synchronize the input parameters with the companion "Cloud Channel Indicators" script, ensuring a unified analytical perspective. The option to choose real-time vs. post-bar-closure signal generation offers flexibility in trading styles, catering to both aggressive and conservative trading approaches. Integration with Cloud Channel Indicators script : > Use the "Cloud Channel Signals" script alongside the "Cloud Channel Indicators" script for comprehensive market analysis. Ensure identical input parameters across both scripts for consistency. > Note: The lower indicators are from the 'Cloud Channel Indicators' script, complementing the 'Cloud Channel Signals' script seen here, which generates the 'cloud' and signals on the price chart. > The 'Cloud Channel Indicators” script can be found here: Understanding On-Chart Signals : The script displays entry signals directly on the chart, offering visual cues for both breakout and reversal trading opportunities. Traders can toggle the display of these signals for either breakout or reversal trades, allowing customization based on their trading strategy. Identifying Entry Points : > Breakout Trades : Enable 'Show Break Out Trades' to view signals where the price crosses the cloud channel, coupled with oscillator crossovers. A bullish breakout is indicated when the price crosses above the top channel, and a bearish breakout when it crosses below the bottom channel. > Reversal Trades : Activate 'Show Reversal Trades' to identify potential reversal points. These are highlighted when the price rebounds from the cloud channel's edges, supported by oscillator and trend bias indicators. Setting Stop Losses Using Outer Bands : Employ the outer bands of the cloud channel as dynamic stop-loss levels. Position stop losses below the lower band for long trades and above the upper band for short trades, adjusting as the bands shift with market conditions. Executing and Managing Trades : Enter trades based on the script’s breakout or reversal signals, in line with your risk management rules. Adjust stop-loss levels : Adjust stop-loss levels according to the outer band movements and exit the trade based on reversal signals or profit targets determined by significant support or resistance levels indicated by the cloud channel. Customizable Alerts for Trading Efficiency : Set up TradingView alerts to notify you of crucial trading signals like breakout or reversal opportunities, or when the price reaches critical levels defined by the cloud channel. Adapting Strategy to Market Dynamics: Input Parameter Settings : Important Usage Guidance : For seamless integration with its counterpart, the "Cloud Channel Indicators" script, it's crucial to align the input parameter settings across both scripts. When adjusting values from their defaults, ensure that corresponding parameters in both scripts are identically set. This synchronization is key to achieving a cohesive and accurate representation on your charts. Intra-Bar Order Generation (IntraBar) : Allows traders to choose if signals are generated within the current bar (real-time) or after the bar closes, providing flexibility in signal timing. Show Break Out/Reversal Trades (BreakOutTrades, ReversalTrades) : Enables traders to toggle the visibility of specific trade types - breakout or reversal trades - on the chart. Show Text Labels (ShowSignalLabels) : Option to display text labels for signals, enhancing the clarity and readability of the chart. Inner/Outer Channel Length (InnerChannelLength, OutterChannelLength) : Sets the calculation periods for the inner and outer channels, affecting the sensitivity and responsiveness of the cloud channel. Oscillator Length (OscillatorLength) : Determines the length for the precision oscillator calculation, impacting its sensitivity to market movements. Top/Bottom Level (TopLevel, BottomLevel) : Establishes the upper and lower bounds for the oscillator, used to identify overbought and oversold conditions. Use Dynamic Level (Dynamic_Level_OnOff) : Provides an option to use dynamic levels in the oscillator, for a more adaptive and responsive analysis. Trend Bias Length (TrendBiasLength) : Adjusts the period for the Trend Bias calculation, crucial for understanding the overall market trend. Top/Bottom Channel Color (TopChannelColor, BottomChannelColor) : Customization options for the color of the top and bottom channels. Smoothness of The Gradient (Smoothness) : Controls the smoothness level of the channel's gradient, allowing for visual customization. Alert Setting Guidance : The script includes a versatile alert system for notifying traders of critical trading signals: Breakout and Reversal Trade Alerts : These alerts are activated for breakout and reversal signals based on the script’s analysis, which can be crucial for timely entries and exits. Custom Alert Conditions : Traders can set up alerts in TradingView’s system to get notified under specific conditions, like when a new signal (arrow up/down) appears on the chart, tailoring the alerts to their trading strategies. The "Cloud Channel Signals " script offers a valuable tool for traders looking to capitalize on breakout and reversal opportunities. Its advanced channel and oscillator settings, combined with customizable alert options, make it a valuable addition to any trader's arsenal. Users are encouraged to explore these settings to fully leverage the script's capabilities, keeping in mind that trading involves risks and past performance does not guarantee future results. For optimal results, this script is designed to be used in conjunction with the "Cloud Channel Indicators . You can see the “Author’s instructions" below to get immediate access to Cloud Channel Signals Indicators & the rest of the “Quantigenics Premium Indicator Suite”.
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Quantigenics tarafından
Cloud Channel Indicators [Quantigenics]The "Cloud Channel Indicators " script forms an integral part of a sophisticated trading approach, offering in-depth market analysis through its High Precision Oscillator and Trend Bias Indicator. These components provide traders with nuanced insights into market momentum and overall trend direction, making them invaluable for informed trading decisions. This script is further enhanced when used alongside its intended counterpart, the "Cloud Channel Signals " script, which displays the “cloud” indicator and Buy/Sell signals on charts. This combination creates a comprehensive and integrated trading system, suitable for various market conditions and trading styles. The "Cloud Channel Indicators” script is a detailed trading indicator that merges advanced data analysis techniques with user-customizable features. It combines oscillators, dynamic levels, trend bias, and color settings, allowing users to tailor its functionality and visual representation. Unique to this script is its use of Gaussian and Rational Quadratic kernel estimates for data smoothing, enhancing the calculation of oscillator values. It dynamically adjusts OverBought and OverSold levels based on the oscillator's behavior and leverages array operations for tracking market peaks and lows. The script also integrates a Trend Bias indicator using highest highs, lowest lows, and exponential moving averages (EMAs), all of which are displayed through a range of plotting and visual elements. This synthesis of sophisticated techniques provides a multifaceted tool for technical market analysis. As with all of our scripts, the "Cloud Channel Indicators"script, is designed to work on ANY symbol and time frame. The input parameters can be adjusted to fit your specific trading style. Technical Composition : High Precision Oscillator : This component focuses on capturing market momentum and identifying critical turning points. It uses advanced kernel-based estimations combined with a unique oscillator line and signal line setup to pinpoint market extremes, offering traders insights into potential entry and exit points. Trend Bias Indicator : This indicator offers a broad view of the market's overall direction. It employs a combination of high and low-price averages, smoothed with an EMA, to indicate the prevailing market trend. The indicator is essential for verifying and complementing the insights provided by the High Precision Oscillator, ensuring that trades align with the broader market trend. How to Use : Integration with "Cloud Channel Signals" Script : For optimal use, synchronize this script with the "Cloud Channel Signals " script. This is essential for the script to provide meaningful analysis and insights. Please note: The signals and cloud indicator displayed in this screenshot are part of the companion 'Cloud Channel Signals' script, which is not included in the 'Cloud Channel Indicators' script you are currently viewing. The 'Cloud Channel Signals' script can be found here: Analyzing Market Momentum with High Precision Oscillator : Utilize the High Precision Oscillator to identify market momentum and critical turning points. Look for extreme values on the oscillator line and signal line to pinpoint potential entry and exit points. Understanding Market Trend with Trend Bias Indicator : Use the Trend Bias Indicator to get a broad view of the market's overall direction. This indicator helps confirm the insights provided by the High Precision Oscillator, aligning trades with the market trend. Customizing Indicator Settings : Tailor the script to your trading style by adjusting the input parameters such as Oscillator Length, Trend Bias Length, and levels for top and bottom bounds. Ensure these settings match those in the "Cloud Channel Signals" script. Interpreting Oscillator and Trend Bias : Monitor the High Precision Oscillator for overbought or oversold conditions. Use the Trend Bias Indicator to determine if the market is in an uptrend or downtrend and align your trades accordingly. Using Dynamic Levels : Activate the Dynamic Level feature for an adaptive analysis that adjusts to current market conditions. Visual Analysis : Pay attention to the color changes and histogram patterns in the script's visualization to quickly assess market conditions and momentum. Risk Management : Combine these insights with proper risk management strategies, adjusting positions based on oscillator extremes and trend bias indications. Additionally, further risk management and stop loss levels are provided when used with the "Cloud Channel Signals” script (see description for "Cloud Channel Signals”) Input Parameter Settings : Important Usage Guidance : For seamless integration with its counterpart, the "Cloud Channel Signals" script, it's crucial to align the input parameter settings across both scripts. When adjusting values from their defaults, ensure that corresponding parameters in both scripts are identically set. This synchronization is key to achieving a cohesive and accurate representation on your charts. Show Indicator Name (ShowName) : Toggles the display of the indicator names on the chart. Show Oscillator Indicator (ShowOscillator) : Controls the visibility of the High Precision Oscillator. Oscillator Length (OscillatorLength) : Sets the period for the oscillator's kernel estimation. Top Level and Bottom Level (TopLevel, BottomLevel) : Defines the upper and lower bounds for the oscillator, indicating overbought and oversold conditions. Dynamic Level Toggle (Dynamic_Level_OnOff) : Enables the use of dynamic levels for more adaptive analysis. Show Trend Bias Indicator (ShowTrendBias) : Toggles the display of the Trend Bias Indicator. Trend Bias Length (TrendBiasLength) : Adjusts the calculation period for the Trend Bias Indicator. Show Peak/Valley EMA Lines (ShowEmaLines) : Controls the display of additional EMA lines for peak and valley analysis. Color Customization : Offers options to customize the color of various elements like Top Level, Bottom Level, Zero Line, and more. These parameters provide traders with extensive control and customization of the indicators, allowing for tailored analysis and application in various market conditions and trading styles. The "Cloud Channel Indicators " script is a versatile and advanced tool designed for traders who seek a deep understanding of market trends and momentum. Its combination of the High Precision Oscillator and Trend Bias Indicator offers a multi-dimensional view of market behavior. The scripts was designed and intended to be used with the "Cloud Channel Signals " script, which complements the "Cloud Channel Indicators" by showing the “cloud” indicator as well as Buy/Sell signals on the charts. Traders are advised to familiarize themselves with the functionalities of these indicators for effective application in their trading strategies. As with all trading tools, remember that trading involves risk and past performance is not indicative of future results. You can see the “Author’s instructions" below to get immediate access to Cloud Channel Indicators & the rest of the “Quantigenics Premium Indicator Suite.
Pine Script™ indikatörü
Quantigenics tarafından
Blockunity Regime Monitoring (BRM)Efficiently analyze market conditions and detect overheating zones. Regime Monitoring (BRM) is here to help you analyze the behavior of financial markets. The oscillator allows you to observe when an asset’s trend is likely to reverse. The trend is also given by the indicator, as is the phase the market is in (trending or congested). The BRM also provides the state of the Choppiness Index, indicating whether or not the asset is about to enter a more volatile phase. The Idea The goal is to provide the community with a comprehensive tool for tracking market conditions, with a visual approach to identifying overheating zones. How to Use This tool consists of 3 main components: An oscillator, which we describe in detail below. Bar color to transcribe oscillator information directly onto the graph. To activate Bar Color, make sure the first option is checked in the settings. You must also uncheck "Borders" and "Wick" in your Chart Settings. A panel that summarizes the status of various indicator information. Elements The Regime Monitoring oscillator The oscillator provides several information points. First, it gives the market trend of the asset: Green: Bullish trend. Red: Bearish trend. Blue: Contested trend. It then indicates areas of overheating, where it is considered statistically probable that we will see a change in trend dynamics. These moments are shown in yellow. This market trend is also indicated in the table. If you see that the oscillator is above or below these limits, but not yellow, this is because we use a Choppiness Index to filter this information. The "Enable Choppiness Index Filter" is enabled by default in the settings. So, if the Chop is discharged (under 38.2), then the oscillator's overheating state is ignored. You can see the difference in the images below, the first with the filter and the other without: Market Phase We use a Vertical Horizontal Filter (VHF) to define the market phase the asset is in. This phase can have two values: Trending: Assets evolve within a trend. Congestion: The asset is in a moment of congestion. Chop State Visualize the Choppiness Index, indicating whether an asset is gearing up to enter a phase of increased volatility. It can be: Charged: Chop is considered to indicate to be entering a stable phase. Neutral: Chop is neutral and does not provide any specific information. Discharged: Chop is considered to indicate a continuation of the trend. In addition, with the "Show Choppiness Index" option, you can plot the Chop on the oscillator: Other Settings You can also modify the standard Regime Monitoring parameters (Lookback, Smoothing, Limits), display or hide certain components, and change all the colors. How it Works Regime Monitoring's main oscillator is established as follows: We calculate the percentage of times the closing price was higher than the opening price. This is then divided by a lookback period, which in this case defaults to 20. This calculation gives a probability of the current regime.
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Blockunity tarafından
8
Fourier Smoothed Volume Zone Oscillator (FSVZO) [AlgoAlpha]Description The Fourier Smoothed Volume Zone Oscillator (FSVZO) is an implementation of the Discrete Fourier Transform in a Volume Zone Oscillator. Its purpose is to smooth price data and reduce noise to provide a more clear and accurate indication of price movement. This indicator also includes additional EMA smoothing to accurately depict reversals. Discrete Fourier Transform The Discrete Fourier Transform (DFT) is a mathematical algorithm used to convert discrete time-domain data into its frequency-domain representation. By decomposing a signal into its constituent frequencies, it reveals the amplitude and phase information associated with each frequency component. Volume Zone Oscillator The Volume Zone Oscillator is an indicator that combines volume and price data to provide insights into market trends and momentum. It calculates the difference between the volume traded above and below a specified price level and represents it as a line plot on the chart. The Volume Zone Oscillator helps traders identify periods of high buying or selling pressure and can be used to confirm trends, spot divergences, and generate trading signals. By analyzing the relationship between volume and price, traders can gain a deeper understanding of market dynamics and make more informed trading decisions. Features This indicator incorporates Ehler's Universal Oscillator concept and presents a histogram to provide valuable insights into the market's noise levels. Ehler's Universal Oscillator represents the statistical model that characterizes random and unpredictable market behavior. By utilizing this concept, the histogram enhances traders' ability to identify periods of increased or decreased volatility in the market. How to use it? Green dots and lines represent bullish price movement, while red dots and lines indicate bearish price movement. These signals gain additional strength when considering our oversold and overbought zones. Traders and investors can leverage these signals to initiate long positions when green signals coincide with oversold conditions, and vice versa. By combining these signals in synergy with Ehler's Universal Oscillator, a more precise representation of market trends can be achieved. To optimize its effectiveness, it is advisable to integrate this indicator with complementary technical analysis tools and incorporate it into a comprehensive trading strategy. Traders are encouraged to explore diverse settings and timeframes to align the indicator with their individual trading preferences and adapt it to prevailing market conditions. Utility By combining the FSVZO indicator with Ehler's white noise histogram, users gain a comprehensive perspective on volume-related market conditions. It empowers traders and investors to evaluate the intensity of buying or selling pressure, detect potential trend reversals or continuations, and ultimately make more informed trading decisions. This information can serve as confirmation or validation for other technical indicators, enabling traders to identify potential market turning points and enhance their comprehension of market dynamics. The indicator offers several valuable applications, including the detection of divergence patterns between volume and price, identification of accumulation or distribution phases, and assessment of overall market trend strength. It accommodates various trading styles, such as swing trading, trend following, or mean reversion strategies. By leveraging these capabilities, traders can expand their toolkit and make more informed trading decisions. Originality The originality of the script lies in the combination of the Fourier analysis, white noise calculations, and the Volume Zone Oscillator. It provides a unique perspective on market dynamics and can be used to identify potential trading opportunities based on overbought and oversold conditions as well as trend reversals. Special thanks to @QuantiLuxe for their assistance in the development of this indicator
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AlgoAlpha tarafından
20
Indicator Guru OscillatorIndicator Guru Oscillator The "Indicator Guru Oscillator" is a custom trading indicator designed for technical analysis on financial charts. It combines elements of the Relative Strength Index with additional features to provide insights into potential overbought and oversold conditions. 1. ING FAST: This component calculates the Relative Strength Index based on a ING FAST-period lookback period (len) using a specified source (src), which is set to the closing price by default. The result is color-coded for better visualization: A. Red when ING FAST is greater than or equal to 80 (indicating potential overbought conditions). B. Dark red when ING FAST is less than or equal to 20 (indicating potential oversold conditions). C. Light red for values in between. 2. ING MID: This component calculates the longer ING MID-period lookback, providing a medium-term perspective. Similar color-coding is applied based on overbought and oversold conditions. 3. ING SLOW: This component calculates the with an even longer ING SLOW-period lookback, offering a more extended-term view. Users have the flexibility to customize the color for this component. 4. Modified Plots The plots for each RSI component are displayed with sparkline-style lines, making it easier to visualize the oscillator's movement. The color-coding helps traders quickly identify potential trading signals. The "ING FAST" plot is color-coded based on overbought and oversold conditions. The "ING MID" plot follows a similar color-coding scheme with different colors. The "ING SLOW" plot allows users to choose a custom color. 5. Overbought and Oversold Levels Horizontal lines are drawn at 50 (the mid line), 80 (overbought level), and 20 (oversold level) to provide reference points for traders. 6. Usage This script can be used for identifying potential trend reversals, overbought, and oversold conditions in the market. Traders can customize the input parameters, such as lookback periods and color preferences, to align the indicator with their trading strategies. Long And Short Zone 1. When the line closes above the ING Fast 80 (overbought level) zone and changes from light red color to dark red color, then there is a strong bullish zone. 2. Whenever ING Fast and ING Mid simultaneously cross above ING Slow and closing is above ING Slow then a big move occurs. A. We can also see how having all three together resulted in a better move. 3. There is a Long zone when ING Fast reaches the 20 (oversold level) zone and the light red color changes to green with a darker red color. The last bearish and profit book signal comes when ING FAST is 80 (overbought level) and goes from light red to dark red and then when ING FAST comes to light red there is an area for bearish and profit booking Is. A. Let's look at another example: As soon as ING Fast reaches the 20 (oversold levels) are the light red color changes to green with a darker red color. from bullish zone B. Similarly whenever ING FAST is 80 (overbought level) and goes from light red to dark red and then when ING FAST comes to light red there is an area for bearish. 4. When the BB is squeezed and ING Fast, ING Mid, ING Slow are inside it, then a range bond market exists. Then there is No market movement A. One More Ex.
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Indicator_guru tarafından
RSI 11 IndicatorThis script explains how RSI can be used to catch market moves in trend, reversal or sideways market. What is RSI indicator:- RSI is a momentum oscillator which measures the speed and change of price movements. RSI moves up and down (oscillates) between ZERO and 100. Generally RSI above 70 is considered overbought and below 30 is considered oversold. Some traders may use a setting of 20 and 80 for oversold and overbought conditions respectively. However this may reduce the number of signals. You can also use RSI to identify divergences, strength, reversals, general trend etc. Calculation:- There are three basic components in the RSI - Avg Gain, Avg Loss & RS. Avg Gain = Average of Upward Price Change Avg Loss = Average of Downward Price Change RS = (Avg Gain)/(Avg Loss) RSI = 100 – (100 / (1 +RS )) First Calculation:- RSI calculation is based on default 14 periods. Average gain and Average loss are simple 14 period averages. Average Loss equals the sum of the losses divided by 14 for the first calculation. Average Gain equals the sum of the Gains divided by 14 for the first calculation. First Average Gain = Sum of Gains over the past 14 periods / 14. First Average Loss = Sum of Losses over the past 14 periods / 14. The formula uses a positive value for the average loss. RS values are smoothed after the first calculation. Second Calculation:- Subsequent calculations multiply the prior value by 13, add the most recent value, and divide the total by 14. Average Gain = / 14. Average Loss = / 14. if Average Loss = 0, RSI = 100 (means there were no losses to measure). Average Gain = 0, RSI = 0 (means there were no gains to measure). Logic of this indicator:- RSI is an oscillator that fluctuates between zero and 100 which makes it easy to use for many traders. Its easy to identify extremes because RSI is range-bound. But remember that RSI works best in range bound market and is less trustworthy in trending markets. A new trader need to be cautious because during strong trends in the market/security, RSI may remain in overbought or oversold for extended periods. Chart Timeframe:- RSI indicator works well on all timeframes. Timeframe depends on which strategy or settings are you using. Generally a lower timeframe like 1 min, 3 min, 5 min, 15 min, 30 min, 1 Hr etc is used for intraday trades or short duration trades and higher timeframes like 1 day, 1 week, 1 month are used for positional or long term trades. Please Read the Idea "Mastering RSI with 11 Strategies" to understand this indicator better. Indicator 1 Basis Strategy of Overbought and Oversold Usually an asset with RSI reading of 70 or above indicates a bullish and an overbought situation. overbought can be seen as trading at a higher price than it should. traders may expect a price correction or trend reversal and sell the security. but RSI indicator can stay in the overbought for a long time when the stock is in uptrend - This may trap an immature trader. an Immature trader will enter a sell position when RSI become overbought (70), whereas a mature trader will enter sell position when RSI line crosses below the overbought line (70). An asset with RSI reading of 30 or below indicates a bearish and an oversold condition. oversold can be seen as trading at a lower price than it should. traders may expect a price correction or trend reversal and buy the security. but RSI indicator can stay in the oversold for a long time when the stock is in downtrend - This may trap an immature trader. an Immature trader will enter a buy position when RSI become oversold (30), whereas a mature trader will enter buy position when RSI line crosses above the oversold line (30). Center dotted Mid line is RSI 50. Chart RSI is shown in yellow colour. Red shaded area above the red horizontal line shows the stock or security has entered overbought condition. "R" signal in red shows a likely downside reversal, means it may be a likely Selling opportunity. Green shaded area below the green horizontal line shows the stock or security has entered oversold condition. "R" signal in green shows a likely upside reversal, means it may be a likely Buying opportunity. Note:- so its better to wait for reversal signal. traders may use 20 instead of 30 as oversold level and 80 instead of 70 as overbought level. new traders may learn to use the indicator as per the prevailing trend to get better results. false signals may be avoided by using bullish signals in bullish trend and bearish signals in bearish trend. Indicator 2 RSI Strength Crossing 50 RSI crossing centreline 50 in the below chart showing strength and buy/sell signal. Centre line is at RSI 50. if RSI is above 50 its considered bullish trend. (increasing strength) if RSI is below 50 its considered bearish trend. (decreasing strength) RSI crossing centre line (50) upside may be a buy signal. RSI crossing centre line (50) downside may be a sell signal. "B" signal in green colour shows that RSI is crossing above Mid 50 horizontal line, which may be a likely Buy signal. "S" signal in red colour shows that RSI is crossing below Mid 50 horizontal line, which may be a likely Sell signal. Indicator 3 RSI 40 and RSI 60 Support and Resistance RSI 40 acting as support in the below chart In an uptrend RSI tends to remain in the 40 to 90 range with 40 as support (buying opportunity at support). RSI 60 acting as resistance in the below chart In a downtrend RSI tends to remain in 10 to 60 range with 60 as resistance (selling opportunity at resistance). "40" signal in green colour shows that RSI is crossing above 40 horizontal line, which may be a likely Support in making and a Buy signal. "60" signal in red colour shows that RSI is crossing below 60 horizontal line, which may be a likely Resistance in making and a Sell signal. Note:- These ranges may change depending on RSI settings and change in the market trend. Indicator 4 RSI Divergence Below chart shows a simple example of Bullish Divergence and Bearish Divergence. An RSI divergence occurs when price moves in the opposite direction of the RSI. A bullish divergence is when price is falling but RSI is rising. which means RSI making higher lows and price making lower lows (buy signal). A bearish divergence is when price is rising but RSI is falling. which means RSI making lower high and price making higher highs (sell signal). Divergences are more strong when appear in an overbought or oversold condition. There may be many false signals during a strong uptrend or strong downtrend. In a strong uptrend, RSI may show many false bearish divergences before finally reversing down. same way in a strong downtrend, RSI may show many false bullish divergences before finally reversing up. "Bull Div" signal along with divergence line in green colour shows Bullish Divergence, which may be a likely Buy signal. "Bear Div" signal along with divergence line in red colour shows Bearish Divergence, which may be a likely Sell signal. Indicator 5 Double Top & Double Bottom Double Bottom = RSI goes below oversold (30). RSI comes back above 30. RSI falls back again towards 30 and again rise making a Double bottom. its a signal of buying and likely upside reversal. Double Top = RSI goes above overbought (70). RSI comes back below 70. RSI rises back again towards 70 and again fall making a Double top. its a signal of selling and likely downside reversal. Double Bottom is shown with Green Dashed line joining two low's of RSI indicating a likely Buy Signal. Double Top is shown with Red Dashed line joining two High's of RSI indicating a likely Sell Signal. Indicator 6 Trendline Support and Resistance Below chart shows RSI Trendline Resistance and Support RSI resistance trendline = Connect three or more points on the RSI line as it falls to draw a RSI downtrend line (RSI resistance trendline). Everytime it takes resistance from a RSI downtrend line its a selling opportunity. RSI support trendline = Connect three or more points on the RSI line as it rises to draw a RSI uptrend line (RSI support trendline). Everytime it takes support on a RSI uptrend line its a buying opportunity. RSI Resistance trendline shown in Red colour indicating a likely fall again after rejection from this Red trendline till the time RSI breaks above it to change the trend from Bearsih to Bullish. RSI support trendline shown in Green colour indicating a likely Rise again after support from this Green trendline till the time RSI breaks below it to change the trend from Bullish to Bearish. Indicator 7 Trendline Breakout and Breakdown Below chart shows RSI Trendline Breakout and Breakdown RSI resistance trendline Breakout = Connect three or more points on the RSI line as it falls to draw a RSI downtrend line (RSI resistance trendline). Whenever it breakout above RSI resistance trendline its a buying opportunity. RSI support trendline Breakdown = Connect three or more points on the RSI line as it rises to draw a RSI uptrend line (RSI support trendline). Whenever it breakdown below RSI support trendline its a selling opportunity. Note:- Correlate both the RSI and the closing price to ensure proper breakout or breakdown. Challenge is to correctly identify if a breakout or breakdown is sustainable or its a false signal. Indicator 8 RSI Crossover same timeframe RSI with two different RSI length crossing each other on same timeframe. when lower RSI length crossing above higher RSI length its a buy signal. when lower RSI length crossing below higher RSI length its a sell signal. for example RSI with length 7 & length 14 on 15 Minutes timeframe. Green Cross shows that Fast RSI is crossing above Slow RSI on the same timeframe with different RSI length Settings, which means it may be a likely Buy Signal. Red Cross shows that Fast RSI is crossing below Slow RSI on the same timeframe with different RSI length Settings, which means it may be a likely Sell Signal. Indicator 9 RSI Crossover Multi timeframe RSI with same RSI length but on two different timeframes crossing each. when lower timeframe RSI crossing above higher timeframe RSI its a buy signal. when lower timeframe RSI crossing below higher timeframe RSI its a sell signal. for example RSI with length 14 on 5 Minutes and 1 Hr timeframes. Green Cross shows that Lower Timeframe RSI is crossing above Higher Timeframe RSI with same RSI length Settings, which means it may be a likely Buy Signal. Red Cross shows that Lower Timeframe RSI is crossing below Higher Timeframe RSI with same RSI length Settings, which means it may be a likely Sell Signal. Indicator 10 RSI EMA/WMA/SMA Crossover when RSI crossing above EMA/WMA/SMA its a buy signal. when RSI crossing below EMA/WMA/SMA its a sell signal. Green Circle shows that RSI is crossing above EMA/WMA/SMA etc, which means it may be a likely Buy Signal. Red Circle shows that RSI is crossing below EMA/WMA/SMA etc, which means it may be a likely Sell Signal. Indicator 11 RSI with Bollinger bands Bollinger bands and RSI complimenting each other and giving a Buy and Sell signal in below chart if a security price reaches upper band of a Bollinger Band channel and also the RSI is above 70 (overbought), a trader can look for selling opportunities (reversal) (sell). but in case price reaches upper band of a Bollinger Band channel but RSI is not above 70 (overbought), there may be chance that security remains in an uptrend, so a trader may wait before entering a sell position. if a security price reaches lower band of a Bollinger Band channel and also the RSI is below 30 (oversold), a trader can look for buying opportunities (reversal) (buy). but in case price reaches lower band of a Bollinger Band channel but RSI is not below 30 (oversold), there may be chance that security remains in an downtrend, so a trader may wait before entering a buy position. so bollinger band with RSI can give a double confirmation on a reversal. Buy Signal = If the RSI is below Green Horizontal line (Oversold zone) and also below Lower Bollinger Band it indicates that an upside reversal may come, which means that it may be a likely Buy Signal. Sell Signal = If the RSI is above Red Horizontal line (Overbought zone) and also above Upper Bollinger Band it indicates that an Downside reversal may come, which means that it may be a likely Sell Signal. Special Thanks to //© HoanGhetti for RSI Trendlines. Limitations of the RSI:- RSI works best in range bound market and is less trustworthy in trending markets. So new traders may get trapped in an uptrend or a downtrend if they forget to see the overall long term trend of that security. Traders should set stop loss and take profit levels as per risk reward ratio. Note: Don't confuse RSI and relative strength. RSI is changes in the price momentum of a security. whereas relative strength compares the price performance of two or more securities. Like other technical indicators, RSI also is not a holy grail. It can only assist you in building a good strategy. You can only succeed with proper position sizing, risk management and following correct trading Psychology (No overtrade, No greed, No revenge trade etc). THIS INDICATOR OF RSI IS FOR EDUCATIONAL PURPOSE AND PAPER TRADING ONLY. YOU MAY PAPER TRADE TO GAIN CONFIDENCE AND BUILD FURTHER ON THESE. PLEASE CONSULT YOUR FINANCIAL ADVISOR BEFORE INVESTING. WE ARE NOT SEBI REGISTERED. Hope you all like it happy learning.
Pine Script™ indikatörü
MasterTrader1949X tarafından
4
Market Forecast w/ Signals [QuantVue]The Market Forecast With Signals Indicator is an upgraded version of the popular ThinkorSwim platforms Market Forecast. This upgraded version utilizes stochastic oscillators, moving averages, and momentum calculations to find potential buying and selling opportunities. Stochastic Oscillator The indicator calculates three variations of the Fast Stochastic Oscillator for different time periods: 🔹Intermediate: Calculated over a medium-term period (default 31 bars). 🔹Momentum: Calculated over a short-term period (default 5 bars). 🔹Near Term: Calculated over a very short-term period (default 3 bars). These calculations involve finding the highest and lowest values within their respective periods and comparing the current close to this range. Moving Average Smoothing The results of the Fast Stochastic Oscillator for the Intermediate and Near Term are then smoothed using a Simple Moving Average (SMA): 🔹Intermediate: 5-period SMA of the Intermediate Stochastic Oscillator. 🔹Near Term: 2-period SMA of the Near Term Stochastic Oscillator. Momentum Indicator A custom momentum calculation is performed, using the recent high and low prices over four periods. Display The indicator plots the smoothed Intermediate, Near Term, and custom Momentum calculations as separate lines on the chart. Trading Signals While the original indicator plots the lines mentioned above, the Market Forecast w/ Signals goes a step further by identifying key moments when nuanced signals fire. The built in alerts and visual aids make spotting these trading opportunities a breeze. Clusters - Bullish and Bearish clusters are identified based on the convergence of all three lines (Intermediate, Near, and Momentum) above 80 (Bearish) or below 20 (Bullish). The background color of the chart changes to indicate these clusters, aiding in quick identification of market extremes. Trend Reversals - Marked with labels on the chart, this is based on the direction of the cluster (bullish or bearish) and the subsequent price movement crossing a threshold determined during the cluster formation. Divergences - Divergences between the Near Term line and price highs/lows are detected using pivot points. These divergences are then plotted as lines on the chart, highlighting potential discrepancies between price action and momentum, which can signal reversals. Indicator Features: 🔹Custom Colors 🔹Show/Hide Signals 🔹Alerts Give this indicator a BOOST and COMMENT your thoughts! We hope you enjoy. Cheers!
Pine Script™ indikatörü
QuantVue tarafından
4