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Ask-Weighted Averages This indicator provides two price-based reference lines derived from volume dynamics within each bar. Specifically, it calculates a volume-weighted average price using only the portion of trading volume that occurred on the "ask" side, implying more aggressive buying activity. The logic behind this approach is to highlight potential support and resistance levels where buyers have shown greater conviction. Key Features: Ask-Weighted Average Prices: Instead of using the entire trade volume, the lines focus on "ask volume" (volume associated with trades occurring at or near the ask price). This helps to spotlight areas where buyers have been dominant, potentially revealing more meaningful price levels for future market behavior. Conditional vs. Continuous Lines: Conditional Line: This line is only plotted if the dollar volume (a rough measure of trade value) exceeds a specified threshold, ensuring that the highlighted level is backed by substantial trading activity. Continuous Line: A second line is always displayed, providing a running ask-weighted average price reference for additional context, regardless of dollar volume. Supports Identifying Key Price Zones: By focusing on where more motivated buyers have been active, the indicator helps traders identify potential inflection points in price, such as areas where the market might find support on pullbacks or resistance during rallies. Overall, this indicator serves as a specialized tool for traders interested in volume-driven price analysis. It aims to refine the understanding of where buyers are most engaged and how that might shape future price movements. Risks Associated with Trading: No indicator can guarantee profitable trades or accurately predict future price movements. Market conditions are inherently unpredictable, and reliance on any single tool or combination of tools carries the risk of financial loss. Traders should practice sound risk management, including the use of stop losses and position sizing, and should not trade with funds they cannot afford to lose. Ultimately, decisions should be guided by a thorough trading plan and possibly supplemented with other forms of market analysis or professional advice. Risks and Important Considerations: • Not a Standalone Tool: • This indicator should not be used in isolation. It is essential to incorporate additional technical analysis tools, fundamental analysis, and market context when making trading decisions. • Relying solely on this indicator may lead to incomplete assessments of market conditions. • Market Volatility and False Signals: • Financial markets can be highly volatile, and indicators based on historical data may not accurately predict future movements. • The indicator may produce false signals due to sudden market changes, low liquidity, or atypical trading activity. • Risk Management: • Always employ robust risk management strategies, including setting stop-loss orders, diversifying your portfolio, and not over-leveraging positions. • Understand that no indicator guarantees success, and losses are a natural part of trading. • Emotional Discipline: • Avoid making impulsive decisions based on indicator signals alone. • Emotional trading can lead to significant financial losses; maintain discipline and adhere to a well-thought-out trading plan. • Continuous Learning and Adaptation: • Stay informed about market news, economic indicators, and global events that may impact trading conditions. • Continuously evaluate and adjust your trading strategies as market dynamics evolve. • Consultation with Professionals: • Consider seeking advice from financial advisors or professional traders to understand better how this indicator can fit into your overall trading strategy. • Professional guidance can provide personalized insights based on your financial goals and risk tolerance. Disclaimer: Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions. Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
Pine Script® göstergesi
DinoTradez tarafından
1
VWAP-ATR-SSLThis is an experimental idea to transform the original script created by @Fleite28 in a kind of SSL with volatility bands. @Fleite28 has made all script and he have all credits, I just give him this idea. I'm using this indicator to confirm: 1-potential bull trend (when you have 2x green lines with support) 2-potential bear trend (2x lines red - resistance) 3-consolidations (inside green support and red resistance). Try to use this with a Market Profile Volume and some trend lines.
Pine Script® göstergesi
rafaelfernandesadvogado tarafından
1
VWAP/CloseHey! This time I'm going to introduce you to an indicator which catches volume spikes and its respect price change, to give an idea of the following price action. The logic is pretty simple: Value > 1 : High Volume that changed a lot the price, next price action will follow that trend. Value < 1 : Low volume that changed a lot the price, trend is weak. Value = 1 : Volume and price change is balanced, trend would continue based on the previous values. If you have any doubt just comment! φ
Pine Script® göstergesi
BiO-618 tarafından
Day’s Open ForecastOverview This Pine Script indicator combines two primary components: 1. Day’s Open Forecast: o Tracks historical daily moves (up and down) from the day’s open. o Calculates average up and down moves over a user-defined lookback period. o Optionally includes standard deviation adjustments to forecast potential intraday levels. o Plots lines on the chart for the forecasted up and down moves from the current day's open. 2. Session VWAP: o Allows you to specify a custom trading session (by time range and UTC offset). o Calculates and plots a Volume-Weighted Average Price (VWAP) during that session. By combining these two features, you can gauge potential intraday moves relative to historical behavior from the open, while also tracking a session-specific VWAP that can act as a dynamic support/resistance reference. How the Code Works 1. Collect Daily Moves o The script detects when a new day starts using time("D"). o Once a new day is detected, it stores the previous day’s up-move (dayHigh - dayOpen) and down-move (dayOpen - dayLow) into arrays. o These arrays keep track of the last N days (default: 126) of up/down move data. 2. Compute Statistics o The script computes the average (f_average()) of up-moves and down-moves over the stored period. o It also computes the standard deviation (f_stddev()) of up/down moves for optional “forecast bands.” 3. Forecast Lines o Plots the current day’s open. o Plots the average forecast lines above and below the open (Avg Up Move Level and Avg Down Move Level). o If standard deviation is enabled, plots additional lines (Avg+StdDev Up and Avg+StdDev Down). 4. Session VWAP o The script detects the start of a user-defined session (via input.session) and resets accumulation of volume and the numerator for VWAP. o As each bar in the session updates, it accumulates volume (vwapCumulativeVolume) and a price-volume product (vwapCumulativeNumerator). o The session VWAP is then calculated as (vwapCumulativeNumerator / vwapCumulativeVolume) and plotted. 5. Visualization Options o Users can toggle standard deviation usage, historical up/down moves plotting, and whether to show the forecast “bands.” o The vwapSession and vwapUtc inputs let you adjust which session (and time zone offset) the VWAP is calculated for. ________________________________________ How to Use This Indicator on TradingView 1. Create a New Script o Open TradingView, then navigate to Pine Editor (usually found at the bottom of the chart). o Copy and paste the entire code into the editor. 2. Save and Add to Chart o Click Save (give it a relevant title if you wish), then click Add to chart. o The indicator will appear on your chart with the forecast lines and VWAP. o By default, it is overlayed on the price chart (because of overlay=true). 3. Customize Inputs o In the indicator’s settings, you can:  Change lookback days (default: 126).  Enable or disable standard deviation (Include Standard Deviation in Forecast?).  Adjust the standard deviation multiplier.  Choose whether to plot bands (Plot Bands with Averages/StdDev?).  Plot historical moves if desired (Plot Historical Up/Down Moves for Reference?).  Set your custom session and UTC offset for the VWAP calculation. 4. Interpretation o “Current Day Open” is simply today’s open price on your chart. o Up/Down Move Lines: Indicate a potential forecast based on historical averages.  If standard deviation is enabled, the second set of lines acts as an extended range. o VWAP: Helpful for determining intraday price equilibrium over the specified session. Important Notes / Best Practices • The script only updates the historical up/down move data once per day (when a new day starts). • The VWAP portion resets at the start of the specified session each day. • Standard deviation multiplies the average up/down range, giving you a sense of “volatility range” around the day’s open. • Adjust the lookback length (dayCount) to balance how many days of data you want to average. More days = smoother but possibly slower to adapt; fewer days = more reactive but potentially less reliable historically. Educational & Liability Disclaimers 1. Educational Disclaimer o The information provided by this indicator is for educational and informational purposes only. It is a technical analysis tool intended to demonstrate how to use historical data and basic statistics in Pine Script. 2. No Financial Advice o This script does not constitute financial or investment advice. All examples and explanations are solely illustrative. You should always do your own analysis before making any investment decisions. 3. No Liability o The author of this script is not liable for any losses or damages—monetary or otherwise—that may occur from the application of this script. o Past performance does not guarantee future results, and you should never invest money you cannot afford to lose. By adding this indicator to your TradingView chart, you acknowledge and accept that you alone are responsible for your own trading decisions. Enjoy using the “Day’s Open Forecast” and Session VWAP for better market insights!
Pine Script® göstergesi
SnipeTheDipNDieRich tarafından
Waindrops [Makit0]█  OVERALL Plot waindrops (custom volume profiles) on user defined periods, for each period you get high and low, it slices each period in half to get independent vwap, volume profile and the volume traded per price at each half. It works on intraday charts only, up to 720m (12H). It can plot balanced or unbalanced waindrops, and volume profiles up to 24H sessions. As example you can setup unbalanced periods to get independent volume profiles for the overnight and cash sessions on the futures market, or 24H periods to get the full session volume profile of EURUSD The purpose of this indicator is twofold: 1 — from a Chartist point of view, to have an indicator which displays the volume in a more readable way 2 — from a Pine Coder point of view, to have an example of use for two very powerful tools on Pine Script:    • the recently updated drawing limit to 500 (from 50)    • the recently ability to use drawings arrays (lines and labels) If you are new to Pine Script and you are learning how to code, I hope you read all the code and comments on this indicator, all is designed for you, the variables and functions names, the sometimes too big explanations, the overall structure of the code, all is intended as an example on how to code in Pine Script a specific indicator from a very good specification in form of white paper If you wanna learn Pine Script form scratch just start HERE In case you have any kind of problem with Pine Script please use some of the awesome resources at our disposal: USRMAN , REFMAN , AWESOMENESS , MAGIC █  FEATURES Waindrops are a different way of seeing the volume and price plotted in a chart, its a volume profile indicator where you can see the volume of each price level plotted as a vertical histogram for each half of a custom period. By default the period is 60 so it plots an independent volume profile each 30m You can think of each waindrop as an user defined candlestick or bar with four key values:  • high of the period  • low of the period  • left vwap (volume weighted average price of the first half period)  • right vwap (volume weighted average price of the second half period) The waindrop can have 3 different colors (configurable by the user):  • GREEN: when the right vwap is higher than the left vwap (bullish sentiment )  • RED: when the right vwap is lower than the left vwap (bearish sentiment )  • BLUE: when the right vwap is equal than the left vwap ( neutral sentiment ) KEY FEATURES  • Help menu  • Custom periods  • Central bars  • Left/Right VWAPs  • Custom central bars and vwaps: color and pixels  • Highly configurable volume histogram: execution window, ticks, pixels, color, update frequency and fine tuning the neutral meaning  • Volume labels with custom size and color  • Tracking price dot to be able to see the current price when you hide your default candlesticks or bars █  SETTINGS Click here or set any impar period to see the HELP INFO : show the HELP INFO, if it is activated the indicator will not plot PERIOD SIZE (max 2880 min) : waindrop size in minutes, default 60, max 2880 to allow the first half of a 48H period as a full session volume profile BARS : show the central and vwap bars, default true    Central bars : show the central bars, default true    VWAP bars : show the left and right vwap bars, default true    Bars pixels : width of the bars in pixels, default 2    Bars color mode : bars color behavior    • BARS : gets the color from the 'Bars color' option on the settings panel    • HISTOGRAM : gets the color from the Bearish/Bullish/Neutral Histogram color options from the settings panel    Bars color : color for the central and vwap bars, default white HISTOGRAM show the volume histogram, default true    Execution window (x24H) : last 24H periods where the volume funcionality will be plotted, default 5    Ticks per bar (max 50) : width in ticks of each histogram bar, default 2    Updates per period : number of times the histogram will update    • ONE : update at the last bar of the period    • TWO : update at the last bar of each half period    • FOUR : slice the period in 4 quarters and updates at the last bar of each of them    • EACH BAR : updates at the close of each bar    Pixels per bar : width in pixels of each histogram bar, default 4    Neutral Treshold (ticks) : delta in ticks between left and right vwaps to identify a waindrop as neutral, default 0    Bearish Histogram color : histogram color when right vwap is lower than left vwap, default red    Bullish Histogram color : histogram color when right vwap is higher than left vwap, default green    Neutral Histogram color : histogram color when the delta between right and left vwaps is equal or lower than the Neutral treshold, default blue VOLUME LABELS : show volume labels    Volume labels color : color for the volume labels, default white    Volume Labels size : text size for the volume labels, choose between AUTO, TINY, SMALL, NORMAL or LARGE, default TINY TRACK PRICE : show a yellow ball tracking the last price, default true █  LIMITS This indicator only works on intraday charts (minutes only) up to 12H (720m), the lower chart timeframe you can use is 1m This indicator needs price, time and volume to work, it will not work on an index (there is no volume), the execution will not be allowed The histogram (volume profile) can be plotted on 24H sessions as limit but you can plot several 24H sessions █  ERRORS AND PERFORMANCE Depending on the choosed settings, the script performance will be highly affected and it will experience errors Two of the more common errors it can throw are:  • Calculation takes too long to execute  • Loop takes too long The indicator performance is highly related to the underlying volatility (tick wise), the script takes each candlestick or bar and for each tick in it stores the price and volume, if the ticker in your chart has thousands and thousands of ticks per bar the indicator will throw an error for sure, it can not calculate in time such amount of ticks. What all of that means? Simply put, this will throw error on the BITCOIN pair BTCUSD (high volatility with tick size 0.01) because it has too many ticks per bar, but lucky you it will work just fine on the futures contract BTC1! (tick size 5) because it has a lot less ticks per bar There are some options you can fine tune to boost the script performance, the more demanding option in terms of resources consumption is Updates per period , by default is maxed out so lowering this setting will improve the performance in a high way. If you wanna know more about how to improve the script performance, read the HELP INFO accessible from the settings panel █  HOW-TO SETUP The basic parameters to adjust are Period size , Ticks per bar and Pixels per bar  • Period size is the main setting, defines the waindrop size, to get a better looking histogram set bigger period and smaller chart timeframe  • Ticks per bar is the tricky one, adjust it differently for each underlying (ticker) volatility wise, for some you will need a low value, for others a high one.    To get a more accurate histogram set it as lower as you can (min value is 1)  • Pixels per bar allows you to adjust the width of each histogram bar, with it you can adjust the blank space between them or allow overlaping You must play with these three parameters until you obtain the desired histogram: smoother, sharper, etc... These are some of the different kind of charts you can setup thru the settings:  • Balanced Waindrops (default): charts with waindrops where the two halfs are of same size.    This is the default chart, just select a period (30m, 60m, 120m, 240m, pick your poison), adjust the histogram ticks and pixels and watch  • Unbalanced Waindrops: chart with waindrops where the two halfs are of different sizes.    Do you trade futures and want to plot a waindrop with the first half for the overnight session and the second half for the cash session? you got it;    just adjust the period to 1860 for any CME ticker (like ES1! for example) adjust the histogram ticks and pixels and watch  • Full Session Volume Profile: chart with waindrops where only the first half plots.    Do you use Volume profile to analize the market? Lucky you, now you can trick this one to plot it, just try a period of 780 on SPY, 2760 on ES1!, or 2880 on EURUSD    remember to adjust the histogram ticks and pixels for each underlying  • Only Bars: charts with only central and vwap bars plotted, simply deactivate the histogram and volume labels  • Only Histogram: charts with only the histogram plotted (volume profile charts), simply deactivate the bars and volume labels  • Only Volume: charts with only the raw volume numbers plotted, simply deactivate the bars and histogram If you wanna know more about custom full session periods for different asset classes, read the HELP INFO accessible from the settings panel EXAMPLES Full Session Volume Profile on MES 5m chart: Full Session Unbalanced Waindrop on MNQ 2m chart (left side Overnight session, right side Cash Session): The following examples will have the exact same charts but on four different tickers representing a futures contract, a forex pair, an etf and a stock. We are doing this to be able to see the different parameters we need for plotting the same kind of chart on different assets The chart composition is as follows:  • Left side: Volume Labels chart (period 10)  • Upper Right side: Waindrops (period 60)  • Lower Right side: Full Session Volume Profile The first example will specify the main parameters, the rest of the charts will have only the differences MES :  • Left: Period size: 10, Bars: uncheck, Histogram: uncheck, Execution window: 1, Ticks per bar: 2, Updates per period: EACH BAR,    Pixels per bar: 4, Volume labels: check, Track price: check  • Upper Right: Period size: 60, Bars: check, Bars color mode: HISTOGRAM, Histogram: check, Execution window: 2, Ticks per bar: 2,    Updates per period: EACH BAR, Pixels per bar: 4, Volume labels: uncheck, Track price: check  • Lower Right: Period size: 2760, Bars: uncheck, Histogram: check, Execution window: 1, Ticks per bar: 1, Updates per period: EACH BAR,    Pixels per bar: 2, Volume labels: uncheck, Track price: check EURUSD :  • Upper Right: Ticks per bar: 10  • Lower Right: Period size: 2880, Ticks per bar: 1, Pixels per bar: 1 SPY :  • Left: Ticks per bar: 3  • Upper Right: Ticks per bar: 5, Pixels per bar: 3  • Lower Right: Period size: 780, Ticks per bar: 2, Pixels per bar: 2 AAPL :  • Left: Ticks per bar: 2  • Upper Right: Ticks per bar: 6, Pixels per bar: 3  • Lower Right: Period size: 780, Ticks per bar: 1, Pixels per bar: 2 █  THANKS TO PineCoders for all they do, all the tools and help they provide and their involvement in making a better community scarf for the idea of coding a waindrops like indicator, I did not know something like that existed at all All the Pine Coders, Pine Pros and Pine Wizards, people who share their work and knowledge for the sake of it and helping others, I'm very grateful indeed I'm learning at each step of the way from you all, thanks for this awesome community; Opensource and shared knowledge: this is the way! (said with canned voice from inside my helmet :D) █  NOTE This description was formatted following THIS guidelines ═════════════════════════════════════════════════════════════════════════ I sincerely hope you enjoy reading and using this work as much as I enjoyed developing it :D GOOD LUCK AND HAPPY TRADING!
Pine Script® göstergesi
makit0 tarafından
108
imbalances bandsThis indicator is designed to identify imbalances based on the calculation of the average of the highest and lowest prices. It forms a kind of band indicating correction points. This indicator uses a total of 4 modified VWAPs, separated into 2 options that the user can activate or deactivate by checking or unchecking the options "Show imbalances bands VWAP 1" or "Show imbalances bands VWAP 2". Let's talk about the first option, "Show imbalances bands VWAP 1". This displays 2 modified VWAPs on the screen, one in green and one in red, forming a kind of band that indicates possible points of imbalance in the market, signaling increased volatility between buying and selling. When the price tests the bands, it can be useful as there is a probability of a correction in the movement. This can be particularly useful for those who trade using a scalping style, as it helps analyze when the price tests the bands. It can also be beneficial for trend traders because when the price tests one of the bands, there is a probability of a movement correction. Now let's talk about the option "Show imbalances bands VWAP 2". It contains two modified VWAPs, one in purple and one in blue, which also form a kind of band. These bands also indicate the probability of a movement correction. What is the difference between the Show imbalances bands VWAP 1 option and the Show imbalances bands VWAP 2 option? The option "Show imbalances bands VWAP 2" consists of 2 modified volume-weighted moving averages that have a calculation checking the increase in volatility between the highest and lowest prices. One modified moving average is in purple, and the other modified moving average is in blue, forming a kind of two modified VWAPs. The option "Show Imbalance Bands VWAP 1" consists of two modified moving averages using the absolute difference between the closing price and the moving average instead of the volume. This is particularly useful for assets where the volume is not a good indicator or is not available. The option "Show Imbalance Bands VWAP 1" also has a calculation that checks for increased volatility between the highest and lowest prices. It features two modified moving averages, one in green and one in red. This indicator can be adjusted according to the preferences and characteristics of the specific asset or market. It provides clear visual information and can be used as a complementary tool for technical analysis in trading strategies. and Interesting period 5,20,50,80,200 Interesting imbalance setting 2.4, 3.3 ,4.2 Analysis Ideas: If you are following a trend, you can use this indicator to analyze how the price behaves around the bands. Since the imbalance bands indicate a probability of correction, it can be useful for identifying protection points or moments to be cautious, as there might be a probability of increased volatility. Analysis Ideas2:For those trading using a scalping style, observe how the price behaves when it tests the imbalance band, as there may be a probability of increased volatility. Please note that this indicator is designed for educational and informational purposes. Always conduct your own analysis and consider risk management strategies before making trading decisions.
Pine Script® göstergesi
rafaelfutuoso tarafından
EMA Shadow Trading_TixThis TradingView indicator, named "EMA Shadow Trading_Tix", combines Exponential Moving Averages (EMAs) with VWAP (Volume-Weighted Average Price) and a shadow fill between EMAs to help traders identify trends, momentum, and potential reversal zones. Below is a breakdown of its key functions: 1. EMA (Exponential Moving Average) Settings The indicator allows customization of four EMAs with different lengths and colors: EMA 1 (Default: 9, Green) – Short-term trend filter. EMA 2 (Default: 21, Red) – Medium-term trend filter. EMA 3 (Default: 50, Blue) – Mid-to-long-term trend filter. EMA 4 (Default: 200, Orange) – Long-term trend filter (often used as a "bull/bear market" indicator). Key Features: Global EMA Source: All EMAs use the same source (default: close), ensuring consistency. Toggle Visibility: Each EMA can be independently shown/hidden. Precision Calculation: EMAs are rounded to the minimum tick size for accuracy. Customizable Colors & Widths: Helps in distinguishing different EMAs easily. How Traders Use EMAs: Trend Identification: If price is above all EMAs, the trend is bullish. If price is below all EMAs, the trend is bearish. Crossovers: A shorter EMA crossing above a longer EMA (e.g., EMA 9 > EMA 21) suggests bullish momentum. A shorter EMA crossing below a longer EMA (e.g., EMA 9 < EMA 21) suggests bearish momentum. Dynamic Support/Resistance: EMAs often act as support in uptrends and resistance in downtrends. 2. Shadow Fill Between EMA 1 & EMA 2 The indicator includes a colored fill (shadow) between EMA 1 (9-period) and EMA 2 (21-period) to enhance trend visualization. How It Works: Bullish Shadow (Green): Applies when EMA 1 > EMA 2, indicating a bullish trend. Bearish Shadow (Red): Applies when EMA 1 < EMA 2, indicating a bearish trend. Why It’s Useful: Trend Confirmation: The shadow helps traders quickly assess whether the short-term trend is bullish or bearish. Visual Clarity: The fill makes it easier to spot EMA crossovers and trend shifts. 3. VWAP (Volume-Weighted Average Price) Integration The indicator includes an optional VWAP overlay, which is useful for intraday traders. Key Features: Customizable Anchor Periods: Options include Session, Week, Month, Quarter, Year, Decade, Century, Earnings, Dividends, Splits. Hide on Higher Timeframes: Can be disabled on 1D or higher charts to avoid clutter. Adjustable Color & Width: Default is purple, but users can change it. How Traders Use VWAP: Mean Reversion: Price tends to revert to VWAP. Trend Confirmation: Price above VWAP = Bullish bias. Price below VWAP = Bearish bias. Breakout/Rejection Signals: Strong moves away from VWAP may indicate continuation or exhaustion. 4. Practical Trading Applications Trend-Following Strategy: Long Entry: Price above all EMAs + EMA 1 > EMA 2 (green shadow). Optional: Price above VWAP for intraday trades. Short Entry: Price below all EMAs + EMA 1 < EMA 2 (red shadow). Optional: Price below VWAP for intraday trades. Mean Reversion Strategy: Pullback to EMA 9/21/VWAP: Look for bounces near EMAs or VWAP in a strong trend. Multi-Timeframe Confirmation: Higher timeframe EMAs (50, 200) can be used to filter trades (e.g., only trade longs if price is above EMA 200). Conclusion This EMA Shadow Trading Indicator is a versatile tool that combines: ✔ Multiple EMAs for trend analysis ✔ Shadow fill for quick trend visualization ✔ VWAP integration for intraday trading It is useful for swing traders, day traders, and investors looking for trend confirmation, momentum shifts, and dynamic support/resistance levels.
Pine Script® göstergesi
D_Sedici tarafından
(JS) Checklist SignalsWhat if I told you that you could use over 10 indicators at once without having a single one of them on you chart? Enter the Checklist Signals. This is probably the most complex yet simple indicator I've ever done. What you get is 6 rows (if you want them all) of labels that hover at the top of your screen with a ton of extremely useful information. I will go down the list of options in the indicator settings and explain how it all works. So the label placement is based on ATR. You choose your X Axis and Y Axis starting point then adjust the lookback period. Default lookback is 600 bars. What that means is, the indicator finds the highest high in the last 600 bars, then begins to place the labels above that zone based on the ATR of the chart. Different timeframes require very different combinations so it's all customizable. Sometimes if labels overlap you need to adjust the X Axis starting point, or the spread on either axis. The next set of options allows you to decide what you'd prefer to be set on or off. Let's start with ATR and VWAP. I have added bands for both of these. When price is below the mean (which is the 21 ema by default), then the labels show you the next 5 standard deviations of ATR going down. When under one of these levels the label turns red. The opposite is true when above the mean and in those instances the labels will be green. It is the same with the VWAP, though instead of using the mean we use the daily VWAP as the starting point. If you choose to have levels switched on then you can see the actual values of each standard deviation level. Down lower in the options you can change the resolution and source used for VWAP. The next option is "Trending". This creates a moving average using the length of the Trending Lookback Period (default is 5) and then tells you using arrows in the label which direction the trend of the indicator is going. The next area let's you specify the information you receive in the Squeeze labels. By default all options are one - and this tells you if there's a Squeeze, what type of Squeeze there is, and how many bars the Squeeze has been building up or since it fired. These labels are color coded to correspond with the Squeeze type as well. Then we get to another one of my indicators, the Ballista. One of the main signals is the "Inverted Squeeze" where the short term momentum inverts against the long term momentum. Here I have the distance between the two oscillators in the first label, and then the second label tells you if there's an Inverted Squeeze signal, if there's potential entry, confirmed entry, or how many bars its been since the last entry signal. The next feature is off by default, but it will add arrows to your chart based on a simple lower highs and higher lows signals. Turning arrows on will place them right on your chart above or below each bar. The rest of it is customizable settings of all the other indicators that are shown. Now looking at the labels themselves, starting in the top left corner: First Row- ADX + DMI: These labels show the ADX, DI+, & DI- values in each label. Whenever the DI+ or DI- is above the other then their respective label will light up. Also, when the ADX is above 20 (confirming the trend) it lights up in the same color as well. Squeeze: I described how this worked above, the labels tell you if there's a Squeeze, how long there's been one, and how long since it fired, all while also changing to color of the associated Squeeze type. Second Row - Stacked EMAs: The top label looks at the EMA values using the numbers of the Fibonacci sequence. It looks at the EMA 8, 21, 34, 55, 89, & 233 and tells you if they're all stacked in the same direction (Stacked Bear meaning they're all crossed down in order, Stacked Bull meaning they're all crossed up in order). If the EMAs are all stacked but 1 or 2 it will say Stacked -1 or Stacked -2. When they're all over the place it will say they aren't stacked at all. BB%: This tells you the value of the Bollinger Band %. If this is negative then you know that price is currently below the lower Bollinger Band, and if it is above 100% it is above the upper Bollinger Band. RSI: This tells you the value of the RSI and the label changes colors based on the value. Stoch: This tells you the Stochastic value and changes colors based on the value, same as the RSI. Third Row - The Mean: This tells you the numerical value of whatever you have the mean set as (21 ema by default). The label changes colors based on price being above or below the mean. One ATR: This was something I added for those looking to plan their trades out. This tells you the value of one ATR so you can have a better idea of how to plan your trades based on this distance. VIX: This tells you the current value of the VIX, and color changes based on being green or red on the day. Ballista: I explained this above, it tells you the distance between the two oscillators and changes colors based on the trend being above or below 0. When there's an Inverted Squeeze this label is gray. Inverted Squeeze: This label tells you if there's an inverted squeeze as well as if it is showing an entry or how many bars since the last entry signal. This label turns fuchsia on a bear signal and lime on a bull signal. Fourth Row - ATR Bands: As I explained above, this plots each standard deviation using ATR and changes colors based on price's relationship to each one. Fifth Row - VWAP: The three labels here show the daily, weekly, and monthly VWAP values, and color changes based on price's relationship to each one. Sixth Row - VWAP Bands: These are the standard deviation levels of the VWAP resolution of your choosing (as explained above), and just as the others, colors change based on price's relationship to each one. I thought this was a really cool indicator that could be used for people like me who like knowing the right information, but HATE having their charts clustered with a ton of stuff. Hope you all like it, enjoy!
Pine Script® göstergesi
J-Streak tarafından
4
Combined EMA Technical AnalysisThis script is written in Pine Script (version 5) for TradingView and creates a comprehensive technical analysis indicator called "Combined EMA Technical Analysis." It overlays multiple technical indicators on a price chart, including Exponential Moving Averages (EMAs), VWAP, MACD, PSAR, RSI, Bollinger Bands, ADX, and external data from the S&P 500 (SPX) and VIX indices. The script also provides visual cues through colors, shapes, and a customizable table to help traders interpret market conditions. Here’s a breakdown of the script: --- ### **1. Purpose** - The script combines several popular technical indicators to analyze price trends, momentum, volatility, and market sentiment. - It uses color coding (green for bullish, red for bearish, gray/white for neutral) and a table to display key information. --- ### **2. Custom Colors** - Defines custom RGB colors for bullish (`customGreen`), bearish (`customRed`), and neutral (`neutralGray`) signals to enhance visual clarity. --- ### **3. User Inputs** - **EMA Colors**: Users can customize the colors of five EMAs (8, 20, 9, 21, 50 periods). - **MACD Settings**: Adjustable short length (12), long length (26), and signal length (9). - **RSI Settings**: Adjustable length (14). - **Bollinger Bands Settings**: Length (20), multiplier (2), and proximity threshold (0.1% of band width). - **ADX Settings**: Adjustable length (14). - **Table Settings**: Position (e.g., "Bottom Right") and text size (e.g., "Small"). --- ### **4. Indicator Calculations** #### **Exponential Moving Averages (EMAs)** - Calculates five EMAs: 8, 20, 9, 21, and 50 periods based on the closing price. - Used to identify short-term and long-term trends. #### **Volume Weighted Average Price (VWAP)** - Resets daily and calculates the average price weighted by volume. - Color-coded: green if price > VWAP (bullish), red if price < VWAP (bearish), white if neutral. #### **MACD (Moving Average Convergence Divergence)** - Uses short (12) and long (26) EMAs to compute the MACD line, with a 9-period signal line. - Displays "Bullish" (green) if MACD > signal, "Bearish" (red) if MACD < signal. #### **Parabolic SAR (PSAR)** - Calculated with acceleration factors (start: 0.02, increment: 0.02, max: 0.2). - Indicates trend direction: green if price > PSAR (bullish), red if price < PSAR (bearish). #### **Relative Strength Index (RSI)** - Measures momentum over 14 periods. - Highlighted in green if > 70 (overbought), red if < 30 (oversold), white otherwise. #### **Bollinger Bands (BB)** - Uses a 20-period SMA with a 2-standard-deviation multiplier. - Color-coded based on price position: - Green: Above upper band or close to it. - Red: Below lower band or close to it. - Gray: Neutral (within bands). #### **Average Directional Index (ADX)** - Manually calculates ADX to measure trend strength: - Strong trend: ADX > 25. - Very strong trend: ADX > 50. - Direction: Bullish if +DI > -DI, bearish if -DI > +DI. #### **EMA Crosses** - Detects bullish (crossover) and bearish (crossunder) events for: - EMA 9 vs. EMA 21. - EMA 8 vs. EMA 20. - Visualized with green (bullish) or red (bearish) circles. #### **SPX and VIX Data** - Fetches daily closing prices for the S&P 500 (SPX) and VIX (volatility index). - SPX trend: Bullish if EMA 9 > EMA 21, bearish if EMA 9 < EMA 21. - VIX levels: High (> 25, fear), Low (< 15, stability). - VIX color: Green if SPX bullish and VIX low, red if SPX bearish and VIX high, white otherwise. --- ### **5. Visual Outputs** #### **Plots** - EMAs, VWAP, and PSAR are plotted on the chart with their respective colors. - EMA crosses are marked with circles (green for bullish, red for bearish). #### **Table** - Displays a summary of indicators in a customizable position and size. - Indicators shown (if enabled): - EMA 8/20, 9/21, 50: Green dot if bullish, red if bearish. - VWAP: Green if price > VWAP, red if price < VWAP. - MACD: Green if bullish, red if bearish. - MACD Zero: Green if MACD > 0, red if MACD < 0. - PSAR: Green if price > PSAR, red if price < PSAR. - ADX: Arrows for very strong trends (↑/↓), dots for weaker trends, colored by direction. - Bollinger Bands: Arrows (↑/↓) or dots based on price position. - RSI: Numeric value, colored by overbought/oversold levels. - VIX: Numeric value, colored based on SPX trend and VIX level. --- ### **6. Alerts** - Triggers alerts for EMA 8/20 crosses: - Bullish: "EMA 8/20 Bullish Cross on Candle Close!" - Bearish: "EMA 8/20 Bearish Cross on Candle Close!" --- ### **7. Key Features** - **Flexibility**: Users can toggle indicators on/off in the table and adjust parameters. - **Visual Clarity**: Consistent use of green (bullish), red (bearish), and neutral colors. - **Comprehensive**: Combines trend, momentum, volatility, and market sentiment indicators. --- ### **How to Use** 1. Add the script to TradingView. 2. Customize inputs (colors, lengths, table position) as needed. 3. Interpret the chart and table: - Green signals suggest bullish conditions. - Red signals suggest bearish conditions. - Neutral signals indicate indecision or consolidation. 4. Set up alerts for EMA crosses to catch trend changes. This script is ideal for traders who want a multi-indicator dashboard to monitor price action and market conditions efficiently.
Pine Script® göstergesi
skrillionaire1 tarafından