SPY 1 Minute Day TraderWhen scalping options, users are looking for where breakouts are going to occur instead of sitting thru areas choppy price action that drain delta and cause them to lose value even if price is up trending. This script tries to identify when a trend reversal is expected based on one minute price action on the SPY. It alerts users to prepare for potential breakout when 5 out of the 6 key optimized parameters are discovered by showing a white L or S. Once all six trigger, it informs the user at the close of that candle with a golden triangle with Pivot Up or Pivot Down. As scalping options is something that is expected to be short in duration, a take profit and stop loss of 30 cents of price actions is established. If five or more parameters occur after the pivot is initiated, then stop losses and take profits are adhered to; however, if there are less, then it waits to take profit or stop the trade, as likely it is just noise and it will finish trend with an additional breakout.
This script has been created to take into account how the following variables impact trend for SPY 1 Minute:
ema vs 13 ema : A cross establishes start of trend
MACD (Line, Signal & Slope) : If you have momentum
ADX : if you are trending
RSI : If the trend has strength
The above has been optimized to determine pivot points in the trend using key values for these 6 indicators
bounce up = ema5 > ema13 and macdLine < .5 and adx > 20 and macdSlope > 0 and signalLine > -.1 and rsiSignal > 40
bounce down = ema5 < ema13 and macdLine > -.5 and adx > 20 and signalLine < 0 and macdSlope < 0 and rsiSignal < 60
White L's indicate that 5 of 6 conditions are met due to impending uptrend w/ missing one in green below it
Yellow L's indicate that 6 of 6 conditions still are met
White S's indicate that 5 of 6 conditions are met due to impending downtrend w/ missing condition in red above it
Yellow S's indicate that 6 of 6 conditions still are met
After a downtrend or uptrend is established, once it closes it can't repeat for 10 minutes
Won't open any trades on last two minutes of any hours to avoid volatility
Will close any open trades going into last minute of hour to avoid large overnight random swings.
Komut dosyalarını "港股央企红利etf" için ara
Market Condition DetectorThis script allows to change the background color of the main chart to green or red depending on the following factors:
Based on the QQQ graph whatever ticker you are watching
- Price > EMA20 Da
- Net New Highs > 0
- 10EMA Da > 20 EMA Da
When you are trading Break-Out, EP or other similar trades you will need the market at your back to improve both the winrate and the risk reward ratio.
This is a very useful tool if you struggle with the FOMO biais. It will help you detect the trend at a glance.
Remember that the top best trader are waiting for their trade to work and only after getting some traction, and only then will they take the next trade.
I also proceeded to find a formula that make the indicator be the smoother possible with the less possible amount of noise.
/!\ This indicator is intended for use on daily charts . /!\
Drip's 11am rule breakout/breakdown (OG)This indicator is based on Drippy2hard's 11:30 am (EST) rule.
In simple terms the rule states that:
If a trending stock makes a new high after 11:15-11:30am EST, there is a 75% chance of closing within 1% of High of day (HOD). Same applies for downtrend.
Please note:
Not all stocks will abide by this, this is backtested on stocks with avg daily volume > 2M and mostly mega cap stocks which have liquid option chains. The backtesting results show very promising results on $SPY/ $SPX so it is advised to trade $SPY/ $SPX using this indicator over any other stocks.
Although the name suggests 11 AM rule, the backtesting shows higher win rate for 11:30 AM so please select that option in the settings.
As always, no indicator is perfect and please follow your risk management and understand that indicators are tools to aid your trading and by no means they are supposed to work as intended in all scenarios
How the script works
1. A HOD/LOD zone is identified based on regular session (9:30am-11:30am) EST. Users can select cut off time to 11AM in the settings. These will be indicated on chart after 11/11:30pm depending on what user selected
2. If the stock breaks above the HOD and the ADX is showing strong momentum to upside then the candlesticks will start showing neon color, if the trend based on moving averages and candle closing is also bullish then the indicator will show trend arrows under the candle indicating to stay in the trade. Same applies for break below LOD, only the colors will change to represent downtrend.
3. An optional cloud is also shown if the trend is developed. The cloud can be used as trail stop or re entry point as long as it is displayed on chart
How to use the indicator in trading
In general, there are three scenarios which are trade worthy
1. If the stocks breaks out above the HOD zone and up trend develops or the stocks breaks below the LOD zone and downtrend develops. See images below
2. You can also use the LOD/HOD zone as demand/ supply if the Price action is range bound like this example below
Thanks for reading, please give thumbs up if you like using it! Please post comments on how to use it.
CBDE OscillatorWhat makes The Universe grow at an accelerating pace?
Dark Energy.
What makes The Economy grow at an accelerating pace?
Debt.
Debt is the Dark Energy of The Economy.
The Central Bank Dark Energy Oscillator (CBDEO) is a companion to the popular CBDET (Central Bank Dark Energy Tracer) script.
CBDEO is an oscillator that shows up in a separate TradingView pane in order to provide a relative change signal. It uses the same equations to aggregate central bank liquidity that are used in CBDET, and adds unique analysis tools that provide rate of change data.
There are 2 signals in the chart. First is the change/delta on a per bar basis, based on the chart time frame. The default style for this plot is "columns". This style parameter can be changed in the settings, along with each plot's visibility.
The second plot is a divergence signal that tests the change vs a simple moving average of the CBDET signal (central bank liquidity). The SMA length is customizable in the Input tab within the settings for the indicator. The SMA is based on the chart's current time frame.
The changes in liquidity on various time frames, and calculated as divergence against the liquidity signal SMA can be useful in determining the rate of change in liquidity, and therefore potential thrust in market price action.
Fundamentals Graphing [Kioseff Trading]Hello!
This script "Fundamental Comparison" allows you to compare almost any fundamental metric across 40 assets; various charting methods are employable!
Thank you to @TradingView / @PineCoders for providing the framework in the "Financials on Chart" indicator - thereby expediting a generous portion of work (:
Features
Most metrics included in the "Financials on Chart" indicator are graphable
Scatter chat
Histogram
Bar chart
Pie chart
Reversible scaling
Adjusts to the size of your chart
10 industry presets
Custom symbol dataset
Retrieve, graph, and compare fundamental data by quarter/year. The indicator can "look back" to grab fundamental data from previous quarters/years.
Sortable data - ascending/descending
Built-in search function
Self-Adjusting Graph
The graph adjusts to the orientation/size of your chart!
The image above shows the graph on a price chart with a 229 bar difference.
The image above shows the same price chart; however, there's now a 1941 bar difference to which the fundamentals graph automatically adjusts!
The images above show the same expansion/reduction for the pie chart; all graph types shrink and expand with the price chart.
Fundamental Metrics
The image above shows most of the settings for the indicator!
Most of the metrics from the "Financials on Chart" indicator are included!
Quarterly or annual data are retrievable, in addition to industry presets.
Additionally, you can retrieve the financial data any number of intervals back (so long as the data exists and is provided by TradingView)
The image above shows an example of retrieving a fundamental metric from a previous FQ. The same can be done with FY!
Sortable Data
All data retrieved by the indicator is sortable - allowing for, hopefully, easier evaluations (:
The image above exemplifies the capability!
Data from any quarter/year can be sorted similarly.
Reversible Scale / Reversible Color Scheme
A seemingly trivial feature: a reversible scale and color scheme should assist in instances where "a higher number is bad" and a "lower number is good" - in addition to other scenarios.
For instance,
The image above shows a graph for taxes. The scale and color scheme have not been reversed and, presently, larger columns are correlating to a smaller amount of money out/in than smaller columns.
This can be fixed by reversing the scale.
The image above shows the "Reverse Scale" feature selected. Consequently, larger columns correlate to a larger amount of money out/in.
Similarly, a "Reverse Colors" feature is available. A useful option when a more positive number is "bad" and a less positive number is "good".
For instance,
The image above shows graphing for the Beneish M-Score.
A more positive number is generally interpreted as "bad"; a less positive number is generally interpreted as "good".
However, our color scheme doesn't seem to correspond (unless one considers red = good and green = bad)
Let's enable the reverse color feature.
The image above shows the completion of the process!
Finally, there's a built-in search feature that's a bit difficult to use; however, should you grow comfortable with it you may save some time sorting through fundamental data.
Big thanks to @rumpypumpydumpy for providing an easy-to-work-with framework for the pie chart!
That's all for now; thank you for checking this out.
VIX Reference IndicatorHello everyone,
Releasing my VIX reference indicator.
What is it:
This indicator displays the current trading behaviour of the VIX.
It displays it in Z-Score Format along with identifying previous areas of reversal and displaying when the RSI is overbought or oversold on the VIX.
Who is it good for:
It is good for both day and swing traders who use the VIX in their trading plans.
It permits traders to look at different aspects of the VIX (RSI, Z-Score and Reversal areas) simultaneously while they are watching their current traded stock.
How does it work:
The indicator works by converting the VIX into a Z-Score (similar to bollinger bands).
It then plots the VIX out in Z-Score format in the indicator.
Because it is plotting the VIX based on Z-Score, it looks back to previous areas where the Z-Score led to a reversal (i.e. what was the lowest or highest Z-Score the VIX achieved in the lookback period before reversing).
It also looks at the RSI of the VIX. If the VIX RSI crosses at or above 70 (overbought), it will change the colour of the line to green. This means the VIX is overbought and will likely sell and thus, the thesis is, as the VIX sells, the stock you are trading should come up.
Below is a picture of the different aspects of the indicator:
Customaization:
Per usual, you can customize the colours and bands to your liking.
You are also able to specify the RSI length you want to look at as well as the Z-Score Reversal length and the timeframe length of the chart you are looking at.
The default settings are 75 Average Length lookback for the Z-Score Reversal and the Chart and 14 period RSI.
TIPS:
The most persuasive setups are when you get all 3 of the following:
1. A signal that supports the thesis (buy or sell) along with:
2. An RSI signal that supports the z-score signal along with:
3. The VIX trading at an extreme end of its Z-Score range
Example:
In the example above you will see the following conditions are met:
1. Z-Score historical reversal point identified (short)
2. VIX RSI is oversold (short)
3. VIX is at the bottom of its Z-Score range (short)
As always, I have done a quick tutorial video for your reference which you can see below:
Leave your questions/comments/requests below or on the video as I am always happy to get feedback on improvements and functionality.
Thank you everyone checking it out and safe trades!
Rainbow Moving AverageA Rainbow Moving Average script. There are many like it, but this one is mine. It is designed to be easy to read without too much noise in the number of lines and shading, with the moving average to be some of the commonly used ones. Using commonly referenced moving average values help us to understand "the crowd" and what moving average or trend lines they might be looking at. The default values are derived from hourly charts, but work well on any time frame.
The moving average function is simple to change so you can use it for any moving average type that you like, including volume-weighted.
Inspired by my daughter's love of rainbows, she has approved the colors.
Moving Averages + Premarket High/Low + Yesterday High/Low V2This script allows you to have multiple indicators on the chart at once. EMA's can be added to lower timeframes while SMA's can be added to higher timeframes. Premarket high and low are also tracked as well as yesterdays high and low. All these points are crucial in technical analysis as current price action can either bounce or reject off of these levels.
Update: Fixed an issue where high/low was showing for current trading day during market hours instead of previous trading day
The Strat [LuxAlgo]The Strat indicator is a full toolkit regarding most of the concepts within "The Strat" methodology with features such as candle numbering, pivot machine gun (PMG) highlighting, custom combo highlighting, and various statistics included.
Alerts are also included for the detection of specific candle numbers, custom combos, and PMGs.
🔶 SETTINGS
Show Numbers on Chart: Shows candle numbering on the chart.
Style Candles: Style candles based on the detected number. Only effective on non-line charts and if the script is brought to the front.
🔹 Custom Combo Search
Combo: User defined combo to be searched by the script. Combos can be composed of any series of numbers including (1, 2, -2, 3), e.g : 2-21. No spaces or other characters should be used.
🔹 Pivot Machine Gun
Show Labels: Highlight detected PMGs with a label.
Min Sequence Length: Minimum sequence length of consecutive higher lows/lower highs required to detect a PMG.
Min Breaks: Minimum amount of broken previous highs/lows required to detect a PMG.
Show Levels: Show levels of the broken highs/lows.
🔹 Pivot Combos
Pivot Lookback: Lookback period used for detecting pivot points.
Right Bars Scan: Number of bars scanned to the right side of a detected pivot.
Left Bars Scan: Number of bars scanned to the left side of a detected pivot.
🔹 Dashboard
Show Dashboard: Displays statistics dashboard on chart.
Numbers Counter: Displays the numbers counter section on the dashboard.
Pivot Combos: Displays pivots combo section on the dashboard.
%: Display the percentage of detected pivot combos on the dashboard instead of absolute numbers.
Pivot Combos Rows: Number of rows displayed by the "Pivots Combo" dashboard section.
Show MTF: Showa MTF candle numbering on the dashboard.
Location: Location of the dashboard on the chart.
Size: Size of the displayed dashboard.
🔶 USAGE
This script allows users with an understanding of The Strat to quickly highlight elements such as candle numbers, pivot machine guns, and custom combos. The usage for these concepts is given in the sub-sections below.
🔹 Candle Numbers
The Strat assigns a number to individual candles, this number is determined by the current candle position relative to the precedent candle, these include:
Number 1 - Inside bar, occurs when the previous candle range engulfs the current one.
Number 2 Up - Upside Directional Bar, occurs when the current price high breaks the previous high while the current low is lower than the previous high.
Number 2 Down - Downside Directional Bar, occurs when the current price low breaks the previous low while the current high is higher than the previous low.
Number 3 - Outside bar, occurs when the current candle range engulfs the previous one.
The script can highlight the number of a candle by using labels but can also style candles by depending on the candle number. Inside bars (1) only have their candle wick highlighted, directional bars (2) (-2) only have their candle body highlighted. Outside bars have their candle range highlighted.
Note that downside directional bars are highlighted with the number -2.
Users can see the total amount of times a specific candle number is detected on the historical data on the dashboard available within the settings, as well as the number of times a candle number is detected relative to the total amount of detected candle numbers expressed as a percentage.
It is also possible to see the current candle numbers returned by multiple timeframes on the dashboard.
🔹 Searching For Custom Combos
Combos are made of a sequence of two or more candle numbers. These combos can highlight multiple reversals/continuation scenarios. Various common combos are documented by The Strat community.
This script allows users to search for custom combos by entering them on the Combo user setting field.
When a user combo is found, it is highlighted on the chart as a box highlighting the combo range.
🔹 Pivot Combos
It can be of interest to a user to display the combo associated with a pivot high/low. This script will highlight the location of pivot points on the chart and display its associated combo by default. These are based on the Pivot Combo lookback and not displayed in real-time.
Users can see on the dashboard the combos associated with a pivot high/low, these are ranked by frequency.
🔹 Pivot Machine Gun (PMG)
Pivot Machine Guns (PMG)s describe the scenario where a single price variation breaks the value of multiple past successive higher lows/lower highs. This can highlight a self-exciting behavior, where even more past successive higher lows/lower highs get broken.
Users can select the minimum sequence length of successive higher lows/lower highs required for a PMG to be detected, as well the amount of these successive higher lows/lower highs that must be broken.
QQQ Fair Value BandsThis is similar to the SPX Fair Value Bands indicator, but for QQQ.
It is based on the Net Liquidity model:
Net Liquidity = FED - RRP - TGA
Weis V5 zigzag jayySomehow, I deleted version 5 of the zigzag script. Same name. I have added some older notes describing how the Weis Wave works.
I have also changed the date restriction that stopped the script from working after Dec 31, 2022.
What you see here is the Weis zigzag wave plotted directly on the price chart. This script is the companion to the Weis cumulative wave volume script.
What is a Weis wave? David Weis has been recognized as a Wyckoff method analyst he has written two books one of which, Trades About to Happen, describes the evolution of the now-popular Weis wave. The method employed by Weis is to identify waves of price action and to compare the strength of the waves on characteristics of wave strength. Chief among the characteristics of strength is the cumulative volume of the wave. There are other markers that Weis uses as well for example how the actual price difference between the start of the Weis wave from start to finish. Weis also uses time, particularly when using a Renko chart
David Weis did a futures io video which is a popular source of information about his method. (Search David Weis and futures.io. I strongly suggest you also read “Trades About to Happen” by David Weis.
This will get you up and running more quickly when studying charts. However, you should choose the Traditional method to be true to David Weis technique as described in his book "Trades About to Happen" and in the Futures IO Webcast featuring David Weis
. The Weis pip zigzag wave shows how far in terms of bar close price a Weis wave has traveled through the duration of a Weis wave. The Weis zigzag wave is used in combination with the Weis cumulative volume wave. The two waves should be set to the same "wave size".
To use this script, you must set the wave size: Using the traditional Weis method simply enter the desired wave size in the box "How should wave size be calculated", in this example I am using a traditional wave size of .25. Each wave for each security and each timeframe requires its own wave size. Although not the traditional method devised by David Weis a more automatic way to set wave size would be to use Average True Range (ATR). Using ATR is not the true Weis method but it does give you similar waves and, importantly, without the hassle described above. Once the Weis wave size is set then the zigzag wave will be shown with volume. Because Weis used the closing price of a wave to define waves a line Bar highs and bar lows are not captured by the Weis Wave. The default script setting is now cumulative volume waves using an ATR of 7 and a multiplication factor of .5.
To display volume in a way that does not crowd out neighbouring volumes Weis displayed volume as a maximum of 3 digits (usually). Consider two Weis Wave volumes 176,895,570 and 2,654,763,889. To display wave volume as three digits it is necessary to take a number such as 176,895,570 and truncate it. 176,895,570 can be represented as 177 X 10 to the power of 6. The number displayed must also be relative to other numbers in the field. If the highest volume on the page is: 2,654,763,889 and with only three numbers available to display the result the value shown must be 265 (265 X 10 to the power of 7). Since 176,895,570 is an order of magnitude smaller than 2,654,763,889 therefore 175,895,570 must be shown as 18 instead of 177. In this way, the relative magnitudes of the two volumes can be understood. All numbers in the field of view must be truncated by the same order of magnitude to make the relative volumes understandable. The script attempts to calculate the order of magnitude value automatically. If you see a red number in the field of view it means the script has failed to do the calculation automatically and you should use the manual method – use the dialogue box “Calculate truncated wave value automatically or manually”. Scroll down from the automatic method and select manual. Once "manual" is selected the values displayed become the power values or multipliers for each wave.
Using the manual method you will select a “Multiplier” in the next dialogue box. Scan the field and select the largest value in the field of view (visible chart) is the multiplier of interest. If you select a lower number than the maximum value will see at least one red “up”. If you are too high you will see at least one red “down”. Scroll in the direction recommended or the values on the screen will be totally incorrect. With volume truncated to the highest order values, the eye can quickly get a feel for relative volumes. It also reduces the crowding and overlapping of values on the screen. You can opt to show the full volume to help get a sense of the magnitude of the true volumes.
How does the script determine if a Weis wave is continuing to grow or not?
The script evaluates the closing price of each new bar relative to the "Weis wave size". Suppose the current bar closes at a new low close, within the current down wave, at $30.00. If the Weis wave size is $0.10 then the algorithm will remember the $30.00 close and compare it to the close of the next bar. If the bar close price does not close equal to or lower than $30.00 or close equal to or higher than $30.10 then the wave is still a down wave with a current low of $30.00. This is true even if the bar low is less than $30.00 or the bar high is greater than 30.10 – only the bar’s closing price matters. If a bar's closing price climbs back up to a close of $30.11 then because the closing price has moved more than $0.10 (the Weis wave size) then that is a wave reversal with a new up-trending wave. In the above example if there was currently a downward trending wave and the bar closes were as follows $30.00, $30.09, $30.01, $30.05, $30.10 The wave direction would continue to stay downward trending until the close of $30.10 was achieved. As such $30.00 would be the low and the following closes $30.09, $30.01, $30.05 would be allocated to the new upward-trending wave. If however There was a series of bar closes like this $30.00, $30.09, $30.01, $30.05, $29.99 since none of the closes was equal to above the 10-cent reversal target of $30.10 but instead, a new Weis wave low was achieved ($29.99). As such the closes of $30.09, $30.01, $30.05 would all be attributed to the continued down-trending wave with a current low of $29.99, even though the closing price for the interim bars was above $30.00. Now that the Weis Wave low is now 429.99 then, in order to reverse this continued downtrend price will need to close at or above $30.09 on subsequent bar closes assuming now new low bar close is achieved. With large wave sizes, wave direction can be in limbo for many bars before a close either renews wave direction or reverses it and confirms wave direction as either a reversal or a continuation. On the zig-zag, a wave line and its volume will not be "printed" until a wave reversal is confirmed.
The wave attribution is similar when using other methods to define wave size. If ATR is used for wave size instead of a traditional wave constant size such as $0.10 or $2 or 2000 pips or ... then the wave size is calculated based on current ATR instead of the Weis wave constant (Traditional selected value).
I have the option to display pseudo-Ord volume. In truth, Ord used more traditional zig-zag pivots of bar highs and lows. Waves using closes as pivots can have some significant differences. This difference can be lessened by using smaller time frames and larger wave sizes.
There are other options such to display the delta price or pip size of a Weis Wave, the number of bars in a wave, and a few other options.
Price & Percentage Change LabelFairly straightforward script that allows you to plot the current price and % either above the last candle and/or to the right of it. There's also 2 price "follow" lines that you can turn off and on, much like the bid/ask line that's built in to TV.
You can also choose to enable a specific % above/below current price to give you an idea on where price would be with a move north or south by X % amount from current price.
Move Magnitude Visualizer (beta)This experimental visualizer measures all price differences across a range of samples to determine what is normal for a measure of time. Based on whether a recent change in price over time has exceeded the norm, a line is drawn to indicate the magnitude/severity of that move. In short, it attempts to visualize when a move is outside the norm and when it may be risky to join that move.
A thick red line = greater than 3 standard deviations.
An orangish/goldish line = greater than 2 standard deviations.
A thin dotted yellow = greater than 1 standard deviation.
In the end, I've always wanted a tool that gave me a visual warning to when a move is abnormally severe and shouldn't be trusted. RSI and other indicators only work with specific lengths, this attempt to be a deviation detector that isn't bound by length or time-frame.
This is a work in progress, so feedback is appreciated. I don't have a strong idea yet how to properly visualize this data.
It is very compute heavy and some users may experience timeouts. I've done everything I can think of to eliminate redundant computer and to optimize for PineScript.
NYSE & NASDAQ Advance Minus Decline OscillatorThis indicator is meant to observe NYSE & NASDAQ Advance minus Decline Oscillator in one. It also paints extreme levels at +2000 and -2000. It is used in combination to identify changes across the two markets or to observe broad market strength/weakness.
Big 8 Intraday TICKAt the start of each trading day (0930 EST), this indicator calculates the intraday price difference between open and close for the eight largest market cap stocks (AAPL, AMZN, GOOGLE, META, MSFT, NFLX, NVDA, and TSLA), assigns a +/-1 for each, and then plots the cumulative change. An EMA has been added for smoothing purposes that is set to 5 but can be changed. Please note indicator is best used on lower timeframes (15 min or less) and has no applicability to time frames above 1 hour.
The thought behind this indicator is those eight major stocks drive a majority of intraday price change in indices like SPY and QQQ that are heavily weighted towards these stocks, therefore they should be a leading indicator in price change. You can often catch a move in SPY or QQQ one to two bars (on 1 min chart) ahead of the actual move because you see this indicator moving strong to one direction.
It's not perfect as there are divergences you will see when you compare historical charts, but oftentimes those divergences ultimately lead to significant price swings in the same direction as this indicator, so recommend being on watch to pull the trigger when you see those and price confirms.
You can use this indicator in a few ways:
1. Confirmation that your current trade is in the same direction as this indicator
2. Use the zero cross as a trigger for put or call entry
3. Focusing only on calls/longs if the value is above 0, or only puts/shorts if the value is below zero. Just be sure to keep an eye on reversals.
If you have recommendations on how to improve, let me know and I'll do my best to make changes.
Profile Any Indicator [Kioseff Trading]Create a visible-range profile for almost any indicator!
Hello!
This script "Profile Any Indicator" allows you to create a visible-range profile for *almost* any indicator hosted on TradingView.
Therefore, the only requirement:
1. Indicator must have a retrievable plot value.
Should your indicator have a retrievable plot value (most indicators do), you can use this script to create a visible-range profile of its values!
Consequently, the profile's always oriented to the left-most or right-most side of your chart - updating as you scroll left or right.
The image above shows me using the indicator to create a profile for MACD. I am largely zoomed out and the profile has adjusted to chart orientation.
Let's zoom in and see what happens!
Voila!
The indicator adjusted to my chart positioning and created a new visible-range profile! No manual adjustments are required (:
Instructions
1. Load the indicator you'd like to profile on the chart.
The image above shows me applying the OBV indicator to the chart. Additionally, the "Profile Any Indicator" script is also loaded on the chart, instructing me to add an indicator to its settings.
2. From the settings for "Profile Any indicator", locate the "Indicator" setting and select the indicator you would like to profile.
The image above shows me selecting the OBV indicator in the settings for "Profile Any Indicator".
Once steps 1 and 2 are complete you'll have a visible-range profile for the selected indicator on your chart!
The image above shows the completion of the process.
3. Merge the indicator pane or select to plot the selected indicator in the current pane.
From here, you can select to plot the value of the selected indicator in the current pane or merge the selected indicator's pane (which must stay on the chart) with the pane designated to the "Profile Any Indicator" script.
The image above shows the two panes merged.
The image above shows the two panes separate. Alternatively, in the settings for "Profile Any Indicator", I selected to plot OBV in its pane.
You can select to populate the visible-range profile on the right of the chart!
Additionally, you can modify the POC line, value area %, and, essentially, any parameter you'd find for a volume-profile-like indicator!
Thanks for checking this out (:
Monthly Options Expiration 2023Monthly options expiration for the year 2023.
Also you can set a flag X no. of days before the expiration date. I use it at as marker to take off existing positions in expiration week or roll to next expiration date or to place new trades.
All the best traders.
Majors HOD/LODThis simple script detects when the major American sectors — technology ( QQQ ), financials ( XLF ), and healthcare ( XLV ) — are at the high or low of the current day at the same time. This information can be useful to gauge the potential strength or weakness of the trading day. The script uses the security function to pull in data from the three major indices and keeps a running cache of the high and low of the day regardless of the time frame selected.
A small table in the top right corner displays the current status of the major sectors. The display table can read:
"Mixed" - Major sectors are not at the high or low of the day at the same time
"Majors @ HOD" - Major sectors are at the high of day at the same time
"Majors @ LOD" - Major sectors are at the low of the day at the same time
Labels (optional) show past moments when the major sectors were at the high or low of the day at the same time. A green label above a candle indicates major sectors were at the high of the day at the same time, and a red label below a candle indicates major sectors were at the low of the day at the same time. These labels can be toggled on or off in the indicator settings.
To receive an alert when either condition happens (all majors at high of day or all majors at low of day), click the more (...) icon next to the indicator settings button and click "Add alert on Majors HOD/LOD".
If you notice any problems with the script, feel free to DM me.
Central Bank Dark Energy TracerCentral Bank Dark Energy Tracer (CBDE Tracer)
What makes The Universe grow at an accelerating pace?
Dark Energy.
What makes The Economy grow at an accelerating pace?
Debt.
Debt is the Dark Energy of The Economy.
The CBDE Tracer is a tool that tracks currency assets in US dollars that can be scaled to fit other assets on TradingView.
The example provided is QQQ with scale factors and offsets applied that best curve fit to the most recent price action.
The white line is non-US assets from the following central banks:
-JPY (Japan)
-CNY (China)
-UK (British Pound)
-SNB (Swiss National Bank)
-ECB (European Central Bank )
The lime green line is for US Federal Reserve data including a midpoint of WRESBAL and the fed liquidity calculation (WALCL - WTREGEN) and then subtracting RRPONTSYD
The purple line is the average of the two, US assets, and non-US.
The settings can be configured so that only the average is showing, which should the closest aggregate of all liquidity data.
Wave Generator Library (WGL)Library "WaveGenerator"
Wave Generator Library
max(source)
max
Parameters:
source : is the input to take the maximum.
Returns: foat
min(source)
min
Parameters:
source : is the input to take the minimum.
Returns: foat
min_max(src, height)
min_max
Parameters:
src : is the input for the min/max
height
Returns: float
sine_wave(_wave_height, _wave_duration, _phase_shift, _phase_shift_2)
sine_wave
Parameters:
_wave_height : Maximum output level
_wave_duration : Wave length
_phase_shift : Number of harmonics
_phase_shift_2
Returns: float
triangle_wave(_wave_height, _wave_duration, _num_harmonics, _phase_shift)
triangle_wave
Parameters:
_wave_height : Maximum output level
_wave_duration : Wave length
_num_harmonics : Number of harmonics
_phase_shift : Phase shift
Returns: float
saw_wave(_wave_height, _wave_duration, _num_harmonics, _phase_shift)
saw_wave
Parameters:
_wave_height : Maximum output level
_wave_duration : Wave length
_num_harmonics : Number of harmonics
_phase_shift : Phase shift
Returns: float
ramp_saw_wave(_wave_height, _wave_duration, _num_harmonics, _phase_shift)
ramp_saw_wave
Parameters:
_wave_height : Maximum output level
_wave_duration : Wave length
_num_harmonics : Number of harmonics
_phase_shift : Phase shift
Returns: float
square_wave(_wave_height, _wave_duration, _num_harmonics, _phase_shift)
square_wave
Parameters:
_wave_height : Maximum output level
_wave_duration : Wave length
_num_harmonics : Number of harmonics
_phase_shift : Phase shift
Returns: float
wave_select(style, _wave_height, _wave_duration, _num_harmonics, _phase_shift)
wave_select
@peram style Select the style of wave. "Sine", "Triangle", "Saw", "Ramp Saw", "Square"
Parameters:
style
_wave_height : Maximum output level
_wave_duration : Wave length
_num_harmonics : Number of harmonics
_phase_shift : Phase shift
Returns: float
Fibonacci Levels Based on Supertrend [By MUQWISHI]A “ Fibonacci Levels Based on Supertrend ” indicator is supertrend indicator planned with Fibonacci retracements levels. Fibonacci retracements provides a sequence of levels starting from 0% to 100% in addition to extension levels. 0% is measured to be the initial Supertrend line, and 100% is the previous Supertrend line where it has been broken by candle. This tool could be valuable in terms of managing trades by setting targets and reducing the risk in the trend direction.
█ OVERVIEW
█ INDICATOR SETTINGS
Please let me know if you have any questions.
Thank you.
Height of CandleVery simple indicator that shows the height of each candle (high-low) in histogram format. Can be used to compare the current candle with previous ones.
PositionLibrary "Position"
Allows for simulating trades within an indicator.
newTrade(size, price, timestamp)
Creates a new trade object.
Parameters:
size : The size of the trade (number of shares or contracts).
price : The price at which the trade took place.
timestamp : The timestamp of the trade. Defaults to the current time.
Returns: A new trade object.
start(size, price, timestamp)
Starts a new position.
Parameters:
size : The size of the position (number of shares or contracts).
price : The price at which the position was started.
timestamp : The timestamp of the start of the position. Defaults to the current time.
Returns: A new position object.
trade(pos, size, price, timestamp)
Modifies an existing position.
Parameters:
pos : The position to be modified.
size : The size of the trade (number of shares or contracts).
price : The price at which the trade took place.
timestamp : The timestamp of the trade. Defaults to the current time.
Returns: The modified position object.
exit(pos, price, timestamp)
Closes a position by trading the entire position size at a given price and timestamp.
Parameters:
pos : The position being closed.
price : The price at which the position is being closed.
timestamp : The timestamp of the trade, defaults to the current time.
Returns: The updated position after the trade.
unrealized(pos, price)
Calculates the unrealized gain or loss for a given position and price.
Parameters:
pos : The position for which to calculate unrealized gain/loss.
price : The current market price.
Returns: The calculated unrealized gain or loss.
Trade
Represents a single trade.
Fields:
size : Size of the trade in units.
price : Price of the trade in currency.
value : Total value of the trade in currency units.
time : Timestamp of the trade.
Position
Represents a single position.
Fields:
size : Size of the position in units.
price : Average price of the position in currency.
value : Total value of the position in currency units.
start : Timestamp of the first trade that opened the position.
net : Realized gains and losses of the position in currency units.
history : Array of trades that make up the position.
