Ultra Trade JournalThe Ultra Trade Journal is a powerful TradingView indicator designed to help traders meticulously document and analyze their trades. Whether you're a novice or an experienced trader, this tool offers a clear and organized way to visualize your trading strategy, monitor performance, and make informed decisions based on detailed trade metrics.
Detailed Description
The Ultra Trade Journal indicator allows users to input and visualize critical trade information directly on their TradingView charts.
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User Inputs
Traders can specify entry and exit prices , stop loss levels, and up to four take profit targets.
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Dynamic Plotting
Once the input values are set, the indicator automatically plots horizontal lines for entry, exit, stop loss, and each take profit level on the chart. These lines are visually distinct, using different colors and styles (solid, dashed, dotted) to represent each element clearly.
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Live Position Tracking
If enabled, the indicator can adjust the exit price in real-time based on the current market price, allowing traders to monitor live positions effectively.
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Tick Calculations
The script calculates the number of ticks between the entry price and each exit point (stop loss and take profits). This helps in understanding the movement required for each target and assessing the potential risk and reward.
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Risk-Reward Ratios
For each take profit level, the indicator computes the risk-reward (RR) ratio by comparing the ticks at each target against the stop loss ticks. This provides a quick view of the potential profitability versus the risk taken.
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Comprehensive Table Display
A customizable table is displayed on the chart, summarizing all key trade details. This includes the entry and exit prices, stop loss and take profit levels, tick counts, and their respective RR ratios.
Users can adjust the table's Position and text color to suit their preferences.
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Visual Enhancements
The indicator uses adjustable background shading between entry and stop loss/take profit lines to visually represent potential trade outcomes. This shading adjusts based on whether the trade is long or short, providing an intuitive understanding of trade performance.
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Overall, the Ultra Trade Journal combines visual clarity with detailed analytics, enabling traders to keep a well-organized record of their trades and enhance their trading strategies through insightful data.
Trade
Alert Kabi Family Unlimited Alarm indicator for any time frame and any type of currency, stock and index
اندییکاتور آلارم نامحدود برای هر تایم فریم و هر شاخص و ارز و سهام
Settings :
1- Before starting, clear all alarms in the trading view alarm section
2- Specify your alarm areas and currency pairs in the indicator settings section
3- Go to the trading view alarm section, click create alert, select the name of the indicator and click OK
4- Good Luck
T e L : @Ar3781
1- قبل از شروع تمام آلارم های تریدینگ ویو را پاک کنید
2- در قسمت تنظیمات اندیکاتور نواحی آلارم و جفت ارز خود را مشخص کنید
3- به قسمت الارم تریدینگ ویو رفته ایجاد هشدار را زده و اسم اندیکاتور را انتخاب کنید و اوکی کنید
4- مـــــــوفق بــــــاشـید
Confirmed market structure buy/sell indicatorOverview
The Swing Point Breakout Indicator with Multi-Timeframe Dashboard is a TradingView tool designed to identify potential buy and sell signals based on swing point breakouts on the primary chart's timeframe while simultaneously providing a snapshot of the market structure across multiple higher timeframes. This dual approach helps traders make informed decisions by aligning short-term signals with broader market trends.
Key Features
Swing Point Breakout Detection
Swing Highs and Lows: Identifies significant peaks and troughs based on a user-defined lookback period.
Breakout Signals:
Bullish Breakout (Buy Signal): Triggered when the price closes above the latest swing high.
Bearish Breakout (Sell Signal): Triggered when the price closes below the latest swing low.
Visual Indicators: Highlights breakout bars with colors (lime for bullish, red for bearish) and plots buy/sell markers on the chart.
Multi-Timeframe Dashboard
Timeframes Monitored: 1m, 5m, 15m, 1h, 4h, 1D, and 1W.
Market Structure Status:
Bullish: Indicates upward market structure.
Bearish: Indicates downward market structure.
Neutral: No clear trend.
Visual Table: Displays each timeframe with its current status, color-coded for quick reference (green for bullish, red for bearish, gray for neutral).
Operational Workflow
Initialization:
Sets up a dashboard table on the chart's top-right corner with headers "Timeframe" and "Status".
Swing Point Detection:
Continuously scans the main timeframe for swing highs and lows using the specified lookback period.
Updates the latest swing high and low levels.
Signal Generation:
Detects when the price breaks above the last swing high (bullish) or below the last swing low (bearish).
Activates potential buy/sell setups and confirms signals based on subsequent price movements.
Dashboard Update:
For each defined higher timeframe, assesses the market structure by checking for breakouts of swing points.
Updates the dashboard with the current status for each timeframe, aiding in trend confirmation.
Visualization:
Colors the bars where breakouts occur.
Plots buy and sell signals directly on the chart for easy identification.
Adaptive VWAP [QuantAlgo]Introducing the Adaptive VWAP by QuantAlgo 📈🧬
Enhance your trading and investing strategies with the Adaptive VWAP , a versatile tool designed to provide dynamic insights into market trends and price behavior. This indicator offers a flexible approach to VWAP calculations by allowing users to adapt it based on lookback periods or fixed timeframes, making it suitable for a wide range of market conditions.
🌟 Key Features:
🛠 Customizable VWAP Settings: Choose between an adaptive VWAP that adjusts based on a rolling lookback period, or switch to a fixed timeframe (e.g., daily, weekly, monthly) for a more structured approach. Adjust the VWAP to suit your trading or investing style.
💫 Dynamic Bands and ATR Filter: Configurable deviation bands with multipliers allow you to visualize price movement around VWAP, while an ATR-based noise filter helps reduce false signals during periods of market fluctuation.
🎨 Trend Visualization: Color-coded trend identification helps you easily spot uptrends and downtrends based on VWAP positioning. The indicator fills the areas between the bands for clearer visual representation of price volatility and trend strength.
🔔 Custom Alerts: Set up alerts for when price crosses above or below the VWAP, signaling potential uptrend or downtrend opportunities. Stay informed without needing to monitor the charts constantly.
✍️ How to Use:
✅ Add the Indicator: Add the Adaptive VWAP to your favourites and apply to your chart. Choose between adaptive or timeframe-based VWAP calculation, adjust the lookback period, and configure the deviation bands to your preferred settings.
👀 Monitor Bands and Trends: Watch for price interaction with the VWAP and its deviation bands. The color-coded signals and band fills help identify potential trend shifts or price extremes.
🔔 Set Alerts: Configure alerts for uptrend and downtrend signals based on price crossing the VWAP, so you’re always informed of significant market movements.
⚙️ How It Works:
The Adaptive VWAP adjusts its calculation based on the user’s chosen configuration, allowing for a flexible approach to market analysis. The adaptive setting uses a rolling lookback period to continuously adjust the VWAP, while the fixed timeframe option anchors VWAP to key timeframes like daily, weekly, or monthly periods. This flexibility enables traders and investors to use the tool in various market environments.
Deviation bands, calculated with customizable multipliers, provide a clear visual of how far the price has moved from the VWAP, helping you gauge potential overbought or oversold conditions. To reduce false signals, an ATR-based filter can be applied, ensuring that only significant price movements trigger trend confirmations.
The tool also includes a fast exponential smoothing function for the VWAP, helping smooth out price fluctuations without sacrificing responsiveness. Trend confirmation is reinforced by the number of bars that price stays above or below the VWAP, ensuring a more consistent trend identification process.
Disclaimer:
The Adaptive VWAP is designed to enhance your market analysis but should not be relied upon as the sole basis for trading or investing decisions. Always combine it with other analytical tools and practices. No statements or signals from this indicator constitute financial advice. Past performance is not indicative of future results.
Volatility-Adjusted DEMA Supertrend [QuantAlgo]Introducing the Volatility-Adjusted DEMA Supertrend by QuantAlgo 📈💫
Take your trading and investing strategies to the next level with the Volatility-Adjusted DEMA Supertrend , a dynamic tool designed to adapt to market volatility and provide clear, actionable trend signals. This innovative indicator is ideal for both traders and investors looking for a more responsive approach to market trends, helping you capture potential shifts with greater precision.
🌟 Key Features:
🛠 Customizable Trend Settings: Adjust the period for trend calculation and fine-tune the sensitivity to price movements. This flexibility allows you to tailor the Supertrend to your unique trading or investing strategy, whether you're focusing on shorter or longer timeframes.
📊 Volatility-Responsive Multiplier: The Supertrend dynamically adjusts its sensitivity based on real-time market volatility. This could help filter out noise in calmer markets and provide more accurate signals during periods of heightened volatility.
✨ Trend-Based Color-Coding: Visualize bullish and bearish trends with ease. The indicator paints candles and plots trend lines with distinct colors based on the current market direction, offering quick, clear insights into potential opportunities.
🔔 Custom Alerts: Set up alerts for key trend shifts to ensure you're notified of significant market changes. These alerts would allow you to act swiftly, potentially capturing opportunities without needing to constantly monitor the charts.
📈 How to Use:
✅ Add the Indicator: Add the Volatility-Adjusted DEMA Supertrend to your chart. Customize the trend period, volatility settings, and price source to match your trading or investing style. This ensures the indicator aligns with your market strategy.
👀 Monitor Trend Shifts: Watch the color-coded trend lines and candles as they dynamically shift based on real-time market conditions. These visual cues help you spot potential trend reversals and confirm your entries and exits with greater confidence.
🔔 Set Alerts: Configure alerts for key trend shifts, allowing you to stay informed of potential market reversals or continuation patterns, even when you're not actively watching the market.
⚙️ How It Works:
The Volatility-Adjusted DEMA Supertrend is designed to adapt to changes in market conditions, making it highly responsive to price volatility. The indicator calculates a trend line based on price and volatility, dynamically adjusting it to reflect recent market behavior. When the market experiences higher volatility, the trend line becomes more flexible, potentially allowing for greater sensitivity to rapid price movements. Conversely, during periods of low volatility, the indicator tightens its range, helping to reduce noise and avoid false signals.
The indicator includes a volatility-responsive multiplier, which further enhances its adaptability to market conditions. This means the trend direction would always be based on the latest market data, potentially helping you stay ahead of shifts or continuation trends. The Supertrend's visual color-coding simplifies the process of identifying bullish or bearish trends, while customizable alerts ensure you can stay on top of significant changes in market direction.
This tool is versatile and could be applied across various markets and timeframes, making it a valuable addition for both traders and investors. Whether you’re trading in fast-moving markets or focusing on longer-term investments, the Volatility-Adjusted DEMA Supertrend could help you remain aligned with the current market environment.
Disclaimer:
This indicator is designed to enhance your analysis by providing trend information, but it should not be used as the sole basis for making trading or investing decisions. Always combine it with other forms of analysis and risk management practices. No statements or claims aim to be financial advice, and no signals from us or our indicators should be interpreted as such. Past performance is not indicative of future results.
Fibonacci-Only StrategyFibonacci-Only Strategy
This script is a custom trading strategy designed for traders who leverage Fibonacci retracement levels to identify potential trade entries and exits. The strategy is versatile, allowing users to trade across multiple timeframes, with built-in options for dynamic stop loss, trailing stops, and take profit levels.
Key Features:
Custom Fibonacci Levels:
This strategy calculates three specific Fibonacci retracement levels: 19%, 82.56%, and the reverse 19% level. These levels are used to identify potential areas of support and resistance where price reversals or breaks might occur.
The Fibonacci levels are calculated based on the highest and lowest prices within a 100-bar period, making them dynamic and responsive to recent market conditions.
Dynamic Entry Conditions:
Touch Entry: The script enters long or short positions when the price touches specific Fibonacci levels and confirms the move with a bullish (for long) or bearish (for short) candle.
Break Entry (Optional): If the "Use Break Strategy" option is enabled, the script can also enter positions when the price breaks through Fibonacci levels, providing more aggressive entry opportunities.
Stop Loss Management:
The script offers flexible stop loss settings. Users can choose between a fixed percentage stop loss or an ATR-based stop loss, which adjusts based on market volatility.
The ATR (Average True Range) stop loss is multiplied by a user-defined factor, allowing for tailored risk management based on market conditions.
Trailing Stop Mechanism:
The script includes an optional trailing stop feature, which adjusts the stop loss level as the market moves in favor of the trade. This helps lock in profits while allowing the trade to run if the trend continues.
The trailing stop is calculated as a percentage of the difference between the entry price and the current market price.
Multiple Take Profit Levels:
The strategy calculates seven take profit levels, each at incremental percentages above (for long trades) or below (for short trades) the entry price. This allows for gradual profit-taking as the market moves in the trade's favor.
Each take profit level can be customized in terms of the percentage of the position to be closed, providing precise control over exit strategies.
Strategy Backtesting and Results:
Realistic Backtesting:
The script has been backtested with realistic account sizes, commission rates, and slippage settings to ensure that the results are applicable to actual trading scenarios.
The backtesting covers various timeframes and markets to ensure the strategy's robustness across different trading environments.
Default Settings:
The script is published with default settings that have been optimized for general use. These settings include a 15-minute timeframe, a 1.0% stop loss, a 2.0 ATR multiplier for stop loss, and a 1.5% trailing stop.
Users can adjust these settings to better fit their specific trading style or the market they are trading.
How It Works:
Long Entry Conditions:
The strategy enters a long position when the price touches the 19% Fibonacci level (from high to low) or the reverse 19% level (from low to high) and confirms the move with a bullish candle.
If the "Use Break Strategy" option is enabled, the script will also enter a long position when the price breaks below the 19% Fibonacci level and then moves back up, confirming the break with a bullish candle.
Short Entry Conditions:
The strategy enters a short position when the price touches the 82.56% Fibonacci level and confirms the move with a bearish candle.
If the "Use Break Strategy" option is enabled, the script will also enter a short position when the price breaks above the 82.56% Fibonacci level and then moves back down, confirming the break with a bearish candle.
Stop Loss and Take Profit Logic:
The stop loss for each trade is calculated based on the selected method (fixed percentage or ATR-based). The strategy then manages the trade by either trailing the stop or taking profit at predefined levels.
The take profit levels are set at increments of 0.5% above or below the entry price, depending on whether the position is long or short. The script gradually exits the trade as these levels are hit, securing profits while minimizing risk.
Usage:
For Fibonacci Traders:
This script is ideal for traders who rely on Fibonacci retracement levels to find potential trade entries and exits. The script automates the process, allowing traders to focus on market analysis and decision-making.
For Trend and Swing Traders:
The strategy's flexibility in handling both touch and break entries makes it suitable for trend-following and swing trading strategies. The multiple take profit levels allow traders to capture profits in trending markets while managing risk.
Important Notes:
Originality: This script uniquely combines Fibonacci retracement levels with dynamic stop loss management and multiple take profit levels. It is not just a combination of existing indicators but a thoughtful integration designed to enhance trading performance.
Disclaimer: Trading involves risk, and it is crucial to test this script in a demo account or through backtesting before applying it to live trading. Users should ensure that the settings align with their individual risk tolerance and trading strategy.
Strategy CheckListStrategy CheckList
Overview
The Strategy CheckList is a customizable TradingView indicator designed to help traders maintain consistency and discipline in their trading strategies. By providing a visual checklist directly on the chart, this tool ensures that traders can quickly review and confirm their strategy criteria before making trading decisions.
Key Features
- Customizable checklist with up to 6 items
- Adjustable position on the chart (top-right or bottom-right)
- Configurable background and text colors
- Selectable font sizes for optimal visibility
- Interactive checkboxes for each list item
How It Works
1. Users can input up to 6 checklist items representing key aspects of their trading strategy.
2. Each item can be toggled on or off using a checkbox.
3. The checklist is displayed as a table overlay on the chart, allowing for quick reference without obstructing the view of price action.
4. The position, colors, and font size of the checklist can be easily customized to suit individual preferences and chart setups.
Use Cases
- Pre-trade checklist: Ensure all strategy conditions are met before entering a trade
- Risk management: Include reminders about position sizing, stop-loss placement, etc.
- Strategy adherence: Keep key rules visible to avoid impulsive decisions
- Performance improvement: Track adherence to your trading plan over time
Customization Options
- Background color
- Text color
- Font size (small, normal, large, huge)
- Position on chart (top-right, bottom-right)
- Individual checklist items and their checked/unchecked status
Benefits
- Improves trading discipline
- Reduces emotional decision-making
- Enhances strategy consistency
- Serves as a quick reference for complex strategies
- Adaptable to various trading styles and timeframes
This Strategy CheckList indicator is an invaluable tool for traders looking to enhance their decision-making process and maintain consistency in their trading approach. By keeping crucial strategy elements visible and interactive, it promotes disciplined trading and can potentially improve overall trading performance.
Trade-o-Scope: Plot Custom DataTrade-o-Scope team presents the "Plot Custom Data" indicator.
"Plot Custom Data" is designed to help you bring the custom timeseries data and plot it on the chart.
Motivation:
In the fast-evolving landscape of markets, traders often find themselves analyzing a plethora of data sources, specialized market information, various metrics, etc. While TradingView offers a rich catalog of instruments and market data, there are cases where traders rely on unique data sources, custom calculations, bespoke metrics, or refined analytics that demand visualization.
In some cases, traditional visualization approaches for custom data like plotting in Excel or other platforms may suffice for some. still, we really adore all the great features TradingView supercharts have - native scaling and scrolling, drawing, combining data, applying indicators and strategies on top of any series, etc. The ability to play with custom data on TradingView charts is just a whole new level compared to any alternatives.
With this indicator, we aim to empower traders to effortlessly bring their custom data to the familiar and friendly interface of the TradingView chart.
Basic Features:
Easy Data Input : Simply paste your numerical timeseries data, whether it's a column from Excel, Google Sheets, CSV file, or multiline text from any text editor.
Flexible Configuration : Define the order of values, starting date, and timeframe to match the specifications of your data.
Custom appearance : Personalize your chart by assigning a title to your data and selecting colors for the plot.
Advanced Features:
Value Multiplier : Set a multiplier for the provided values to adjust their scale as needed.
Formatting Options : Customize the display format of values on the chart, whether as price, percentage, or volume.
Conditional Coloring : Define conditions for changing the plot color based on a specific threshold.
Plot Style Selection : Choose from various plot styles such as line, histogram, area, columns, and more, to best visualize your data.
Additional Visual References : Enhance data analysis by activating fixed horizontal lines to aid in visual interpretation.
Leverage TradingView Capabilities : Seamlessly apply various indicators from the TradingView catalog, such as Bollinger Bands or RSI, onto your custom data chart for comprehensive analysis.
Chart Example:
On the chart above, you can observe several "Plot Custom Data" indicators added to demonstrate what your custom data can look like and how multiple indicators can be combined, as well as the indicator configuration screen.
How it works:
The "Plot Custom Data" indicator processes the list of values provided on the configuration form and converts it into data points to be plotted on the chart. To determine the timing of plotting each value, the indicator uses the configured 'starting date' and 'timeframe'. This means the indicator will always plot each subsequent value from your list at the distance of one timeframe from the previous one.
Limitations and Best Practices:
1) The way timeseries data is inputted on the "Plot Custom Data" indicator configuration page, leverages a standard input text field. This input type has a limited character capacity, approximately 4000-4400 symbols. Therefore, the timeseries data cannot exceed this limit.
Let's illustrate this with an example.
Suppose you have a column in Excel that you wish to plot using the indicator. Consider the first 5 rows of values in your column:
| -123.45
| -43.5
| 3.12
| 9.6
| 146.78
To calculate the total symbols used, we need to account for the minus sign, numbers, decimal point, and two invisible symbols at the end of each line, which helps structure the text into multiple lines. So, in total, these 5 rows will use:
row_1 + row_2 + row_3 + row_4 + row_5 = 9 + 7 + 6 + 5 + 8 = 35 symbols or 7 symbols per row on avarage.
If we assume the remaining data follows a similar format, we can estimate the number of rows that can be inputted on the indicator configuration page:
from ~4000 / 7 = 571 rows
to ~4400 / 7 = 628 rows
The right approach to overcome this limitation is to reduce the number of symbols representing each value as much as possible. In our example, consider dropping all decimals, which would lead to an average of 5.4 symbols per row and allow for up to ~800 rows to be accepted by the input field.
If your data primarily consists of large values such as thousands or millions, consider dividing it by a multiplier like x1000 and activating the same multiplier in the indicator settings.
For example, instead of storing values like 5,620,000 in your list, store the value 562 and activate an x10,000 multiplier in the configuration to display the original value on the chart.
It is also possible to combine multiple indicators on one chart and split a larger list of values between them. If you need to display significantly more custom data on charts, you may contact us in DM to find\develop a proper solution.
2) Another important consideration is to ensure that all your data aligns with the selected timeframe in the indicator configuration.
Remember, you provide only the values to the indicator without corresponding dates. Dates are calculated automatically by the indicator based on the configured starting date and chosen timeframe. This means the indicator will always plot each subsequent value from your list at the distance of one timeframe from the previous one.
Here's an example:
Suppose you have a timeseries with 'date' and 'value' columns and a timeframe of 30 minutes:
# | date | value
--|---------------------------|---------
1 | 2024-01-01 11:30:00 | -241.45
2 | 2024-01-01 12:02:13 | -11.56
3 | 2024-01-01 13:00:00 | 21.87
..
..
6 | 2024-01-01 14:30:00 | 19.6
7 | 2024-01-01 15:00:00 |
8 | 2024-01-01 15:30:00 | 46.78
Rows 1-3 represent bad practice:
Row 2 is not precisely aligned with the timeframe, as it has a time of 12:02:13 instead of the expected 12:00:00. This won't cause errors, but the plot will show this value at 12:00:00.
Row 3 has a 1-hour difference from Row 2, which poses a real problem. As the indicator doesn't know the actual dates, it expects Row 3 to be 30 minutes later than Row 2, so it will plot 21.87 at 12:30:00 instead of the actual 13:00:00. And the rest of the values from your list will have offset on the chart as well.
Rows 6-7 represent the correct approach to overcome gaps in your data:
If, for some reason, there is no value for 15:00:00 in the original dataset, adding an empty Row 7 ensures each subsequent row is located 30 minutes from the previous one. The indicator will treat the empty row correctly, not plotting anything at this date on the chart, but will plot a line connecting the value of 19.6 from Row 6 with the value of 46.78 from Row 8.
How to use:
1) Add the "Plot Custom Data" indicator to the chart.
Voila! You'll see the plot based on the default timeseries values list and settings.
2) Paste your numerical timeseries data.
Define the order of values, starting date, and timeframe.
Assign a title to your data and select colors for the plot.
Voila! You'll see the plot based on your timeseries values list and settings.
3) Customize the indicator's settings:
Set a values multiplier if needed.
Specify the appropriate format for the values (price, percentage, or volume).
Choose whether to change the plot color based on conditions.
Select the plot style.
Add horizontal lines.
4) Explore your data, apply additional indicators and strategies from the TradingView catalog, or develop your own scripts using Pine.
Trade-o-Scope: Multi-Asset Price TrackerTrade-o-Scope team presents the "Multi-Asset Price Tracker" indicator.
"Multi-Asset Price Tracker" is designed to help analyze price changes across multiple assets within time intervals you define.
Motivation:
Most screeners on the market track price changes over predefined periods, like 1H\4H\12H\1D\3D\7D\etc. Typically, they compare initial and current prices.
But what if you want to analyze assets' performance over arbitrary historical intervals?
Perhaps you want to spot which assets dropped most within 7 hours after a specific industry announcement? Or do you want to check which asset grew the most in January last year?
This is where the "Multi-Asset Price Tracker" shines. It lets you define arbitrary intervals and track price changes for selected assets.
Overview and functionality:
Define arbitrary time intervals in history for analyzing price changes.
Create up to 10 lists, each with up to 40 symbols to track. Populate lists with data from text files, Excel, or CSV. Lists are just multiline text strings, each line representing an individual symbol.
Switch between lists, with one active list at a time.
Specify up to 3 fixed symbols for additional analysis alongside active list symbols. You may use them as reference points to compare price changes of the symbols in the List.
Customize table appearance and position.
Set sorting criteria and direction for displayed values.
View the results in a table on the chart.
How it works:
"Multi-Asset Price Tracker" will track the symbol's price during the interval you define.
The indicator identifies each symbol's Start, Max, Min, and End prices during the interval. It then calculates relative changes: Start-to-Max, Start-to-Min, and Start-to-End.
The list of relative changes is ordered by the column chosen in settings and displayed on the chart.
List example (up to 10 Lists):
BINANCE:WLDUSDT.P
BINANCE:WOOUSDT.P
BINANCE:XEMUSDT.P
...
...
(up to 40 symbols per List)
Calculation example:
Symbol Start-price = $100
Symbol Max-price = $150
Symbol Min-price = $75
Symbol End-price = $110
Start-to-Max = 100% * (Max-price - Start-price) / Start-price = 100% * ($150 - $100) / $100 = 50%
Start-to-Min = 100% * (Min-price - Start-price) / Start-price = 100% * ($75 - $100) / $100 = -25%
Start-to-End = 100% * (End-price - Start-price) / Start-price = 100% * ($110 - $100) / $100 = 10%
Chart example:
In the provided chart, you can observe an example with a table generated by the indicator, along with manually added arrows and labels explaining the calculation process for an individual symbol from the list.
How to use:
1) Add "Multi-Asset Price Tracker" indicator to the chart
2) The indicator will ask you to define the start and the end of the interval using the mouse on the chart.
Voila! You'll see the table with sorted relative price changes based on default list values and settings.
3) Customize the indicator's settings:
Define the interval Start and End datetime.
Optionally, change the interval Start and End by clicking on the indicator name and dragging the vertical mark at the edges of the interval to a new position.
Define the Start and End price sources.
Choose a color to highlight the interval on the chart's background.
Set the table position, size, text size, and border size.
Specify the column for sorting and its direction.
Choose whether to sort chart symbols and fixed symbols together with list symbols or display them at the top of the table irrespective of their relative price change.
Enable fixed symbols if needed, and define up to 3 fixed symbols.
Define symbol lists, with up to 10 lists and 40 symbols each.
Select which List to make active - symbols from the active list will be calculated and displayed.
Trade-o-Scope: Highlight IntervalsTrade-o-Scope team presents the Highlight intervals indicator.
Highlight intervals is a simple yet powerful indicator that helps highlight adjustable time intervals on the chart.
Overview and functionality:
You can define time intervals at three different levels: Month, Day of the Week, and Day of the Month. The indicator will then highlight intervals at the intersection of these levels.
By default, the indicator will use the exchange timezone, but you can easily switch to any timezone that suits you best.
You can activate an info-panel about the type of asset displayed on the chart and the timezone used by the exchange.
You can select your preferred color for highlighting intervals.
With Highlight intervals, you're equipped to visualize and focus on the intervals that matter most to you while seeking alpha!
How it works:
You define which bars will be highlighted by configuring the indicator settings. These settings revolve around the time intervals and may combine:
Months: Jan, Feb, Mar, Apr, May, Jun, Jul, Aug, Sep, Oct, Nov, Dec
Days of Month: 1 - 31
Days of Week: Mon, Tue, Wed, Thu, Fri, Sat, Sun
Example:
In the attached chart you can see an example where the time intervals are highlighted according to such a configuration:
Months: Feb, Mar
Days of Month: 1 - 15
Days of Week: Mon - Fri
Prepare Targets, Stop Loss, Position Size and calculate PnL You are watching the price action of your favorite coin. Then the price changes quickly and you know you could start a good trade now.
But how much should you buy, where should you set your Target for Profit Taking and your Stop Loss? How much money do you want to risk, how much money would you win if the trade is succesfull?
This indicator helps you to set up your trade in a quick way, no need to do some calculations by hand.
How does it work?
Just enter the prices where you want to take Profit and where your Stopp Loss should be.
Enter the number of coins and wether you buy or sell/go long or short.
These targets are then shown in the chart, move them around to see if your stopp loss is positioned well. See directly what your profit or loss would be.
See some Screenshots with more explanations for what is possible and how to set up everything.
General Overview:
How to set up the Trade:
Formatting and Extras:
Let me know if you like it!
BonsaiBonsai is a tailored tech analysis tool for all traders. It uses dynamic thresholds, sensitivity modes, and averaging to identify market trends. Its scoring system, visual cues, and alerts offer an intuitive trading journey.
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🌳 Bonsai 🌳 Trend Analysis Indicator
📘 Overview
Bonsai is designed to aid traders in recognizing market trends, utilizing sensitivity as its pivotal component.
📌 Script Logic
• Threshold-Based Trends: Bonsai sets dynamic thresholds based on market deviations from previous highs or lows to identify trend reversals.
• Signal Generation: After ascertaining the trend direction, Bonsai provides buy/sell signals from trend crossovers and crossunders.
• Returns & Scoring: Each signal's potential returns are calculated, considering asset-specific trading fees. A scoring system (1-10) is introduced for traders to evaluate potential profitability quickly.
• Auto-Threshold: Threshold adjustments are made depending on the selected sensitivity mode, optimizing adaptability.
• Visual Indicators: Bonsai visualizes potential market highs and lows through trend lines. Colors differentiate between bullish and bearish market sentiments.
• Trend Line Enhancement with ALMA : Bonsai integrates the Arnaud Legoux Moving Average (ALMA), aiming to refine trend line representation. ALMA may reduce noise, providing a smoother trend line, which might be useful during volatile market conditions. This can potentially lead to improved trend forecasts with fewer fakeouts.
🎯 Purpose
• For Experienced Traders: Bonsai complements professional analysis with its data-driven insights, catering to diverse trading strategies.
• For Newcomers: Serving as an entry to technical analysis, Bonsai's intuitive design and streamlined settings are beginner-friendly.
🛠 Key Elements
• Dynamic Thresholds: Bonsai’s thresholds are dynamic, adapting to market conditions and user-selected sensitivity mode.
• Scoring System: Bonsai’s unique scoring system is grounded on potential returns, streamlining complex market data interpretation.
Performance Table Breakdown
🔧 Classic Elements & Value Added
• Refined Moving Averages: Bonsai incorporates standard moving averages like the EMA, SMA and ALMA to smooth and refine trend lines.
• Enhanced Visual Representation: Bonsai strives to provide clarity beyond just displaying market directions. Its visuals are crafted to help traders understand and potentially act promptly. The deliberate use of color dynamics, trend indications, and integration of moving averages come together to create a representation that aims to stand out in its clarity and simplicity.
📊 Features
• Dynamic Sensitivity Modes : Settings include:
• (Auto) Slow, Mid, Fast : These modes allow Bonsai to auto-adjust its sensitivity in line with market changes.
• 'Slow': Aims to capture larger market moves with fewer signals.
• 'Mid': A balanced mode with a moderate signal frequency.
• 'Fast': Caters to rapid market changes, providing more signals.
• Manual : For traders who prefer setting their sensitivity.
• Visualization: Green indicates bullish trends, and Red indicates bearish ones. Trend colors are customizable in gradient intensity and opacity.
• Performance Insights : A table displaying the effectiveness of all modes, guiding your strategy choices.
• Dashboard Themes : Users can switch between light and dark themes.
• Alert System : Real-time buy/sell signal notifications.
• Compatibility : Output can be integrated as a source for other indicators.
Indicator Settings Menu
🎛 How To Use Bonsai
1. Select your sensitivity mode.
2. Use color cues to analyze market directions.
3. Check the performance insights for strategy adjustment.
4. Set alerts to stay updated.
📜 Feedback & Improvement
We value your feedback. As the trading world evolves, Bonsai will adapt, meeting traders' dynamic needs.
❗️ Disclaimer
Bonsai serves as an analytical tool and isn’t a standalone trading strategy. Its performance table is for reference, and accuracy isn’t guaranteed. Always research thoroughly and be mindful of trading risks. Bonsai facilitates analysis but doesn’t promise particular outcomes.
TradeLibrary "Trade"
A Trade Tracking Library
Monitor conditions with less code by using Arrays. When your conditions are met in chronologically, a signal is returned and the scanning starts again.
Create trades automatically with Stop Loss, Take Profit and Entry. The trades will automatically track based on the market movement and update when the targets are hit.
Sample Usage
Enter a buy trade when RSI crosses below 70 then crosses above 80 before it crosses 40.
Note: If RSI crosses 40 before 80, No trade will be entered.
rsi = ta.rsi(close, 21)
buyConditions = array.new_bool()
buyConditions.push(ta.crossunder(rsi, 70))
buyConditions.push(ta.crossover(rsi, 80))
buy = Trade.signal(buyConditions, ta.crossunder(rsi, 40))
trade = Trade.new(close-(100*syminfo.mintick), close +(200*syminfo.mintick), condition=buy)
plot(trade.takeprofit, "TP", style=plot.style_circles, linewidth=4, color=color.lime)
alertcondition(trade.tp_hit, "TP Hit")
method signal(conditions, reset)
Signal Conditions
Namespace types: bool
Parameters:
conditions (bool )
reset (bool)
Returns: Boolean: True when all the conditions have occured
method update(this, stoploss, takeprofit, entry)
Update Trade Parameters
Namespace types: Trade
Parameters:
this (Trade)
stoploss (float)
takeprofit (float)
entry (float)
Returns: nothing
method clear(this)
Clear Trade Parameters
Namespace types: Trade
Parameters:
this (Trade)
Returns: nothing
method track(this, _high, _low)
Track Trade Parameters
Namespace types: Trade
Parameters:
this (Trade)
_high (float)
_low (float)
Returns: nothing
new(stoploss, takeprofit, entry, _high, _low, condition, update)
New Trade with tracking
Parameters:
stoploss (float)
takeprofit (float)
entry (float)
_high (float)
_low (float)
condition (bool)
update (bool)
Returns: a Trade with targets and updates if stoploss or takeprofit is hit
new()
New Empty Trade
Returns: an empty trade
Trade
Fields:
stoploss (series__float)
takeprofit (series__float)
entry (series__float)
sl_hit (series__bool)
tp_hit (series__bool)
open (series__integer)
SEC-Combined Indicator with EMA LinesTitle: Combined Indicator with EMA Lines
Description:
The Combined Indicator with EMA Lines is a technical analysis tool that combines multiple indicators to provide insights into the market's strength and potential buying or selling opportunities. It incorporates the Relative Strength Index (RSI), Exponential Moving Average (EMA) lines, and the trend over the past three days to generate signals.
The indicator calculates a combined data value by assigning weights to the RSI, EMA, and past trend. The RSI measures the strength of price movements, while the EMA lines provide an indication of the average price over a specific period. The past trend considers the price behavior over the last three days. By combining these factors, the indicator offers a comprehensive view of market conditions.
Buy and sell signals are generated based on the change in the combined data. A buy signal occurs when there is an increase in the combined data above a specified threshold, indicating a potential buying opportunity. Conversely, a sell signal is triggered when there is a decrease in the combined data below a specified threshold, suggesting a potential selling opportunity.
The indicator also plots the EMA lines, which include the EMA High, EMA Average, and EMA Low. These lines provide additional visual cues about the price trend and potential support and resistance levels.
Traders can use the Combined Indicator with EMA Lines to identify potential entry and exit points in the market. It helps in capturing trends, evaluating price strength, and making informed trading decisions. The buy and sell signals, along with the EMA lines, aid in spotting potential reversals, confirming trends, and managing risk.
It's important to note that this indicator should be used in conjunction with other analysis techniques and risk management strategies. Traders should consider combining it with additional indicators, chart patterns, and fundamental analysis to enhance their trading decisions.
Remember to backtest and validate the indicator's performance using historical data before using it in real-time trading. Adjust the input parameters, such as RSI period, EMA period, and threshold values, to suit your trading style and market conditions.
Rainbow IndicatorName of the indicator: Rainbow indicator
A brief description of the indicator:
Using this indicator, you can see the "margin of safety" for opening a position in shares of fundamentally strong companies with an acceptable P/E level, as well as the price range for closing a position.
The background to the creation of the indicator:
I got the idea to create this indicator thanks to the concept of the "margin of safety", which was invented by the father of value investing - Benjamin Graham. According to his idea, it is reasonable to buy shares of a company only when the price offered by the market is lower than the "intrinsic value" calculated on the basis of financial statements. The value of this difference is the "margin of safety”. At the same time, the indicator does not copy Graham's idea but develops it relying on my own methodology.
So, according to Graham, the "margin of safety" is a good discount to the intrinsic value of the company. That is, if a company's stock is trading at prices that are well below the company's intrinsic value (on a per-share basis), it's a good opportunity to consider buying it. In this case, you will have a certain margin of safety in case the company is in financial distress and its stock price goes down. Accordingly, the greater the discount, the better.
When it comes to the intrinsic value of a company, there are many approaches to determining it - from calculating the Price-to-book value financial ratio to the discounted cash flow method. As for my approach, I am not trying to find the cherished intrinsic value, but I am trying to understand how fundamentally strong the company is in front of me, and in how many years the investment in it will pay off. To determine fundamental strength, I use the appropriate Fundamental Strength Indicator . To estimate the payback period, I use the P/E ratio (*). If I am satisfied with both of these indicators, I move on to the Rainbow Indicator.
(*) If you want to learn more about the P/E ratio, I suggest reading my two articles on TradingView:
Price / Earnings: Interpretation #1
Price/Earnings: amazing interpretation #2
Indicator calculation methodology:
The Rainbow indicator starts with a simple moving average of one year (this is the thick red line in the center). Hereinafter a year will mean the last 252 trading days.
Applying a moving average of this length - is a good way to smooth out sharp price fluctuations which can happen during a year as much as possible, keeping the trend direction as much as possible. Thus, the moving average becomes for me the center of fluctuations of the imaginary pendulum of the market price.
Then the deviations are calculated from the center of fluctuations. To do this, a certain amount of earnings per share is subtracted from and added to the moving average. This is the diluted EPS of the last year.
Deviations with a "-" sign form the Lower Rainbow of four colors:
- The blue spectrum of the lower rainbow begins with a deflection of -4 EPS and ends with a deflection of -8 EPS.
- Green spectrum of the lower rainbow begins with a deflection of -8 EPS and ends with a deflection of -16 EPS.
- The orange spectrum of the lower rainbow begins with a deflection of -16 EPS and ends with a deflection of -32 EPS.
- Red spectrum of the lower rainbow begins with a deflection of -32 EPS and goes to infinity.
The Lower Rainbow is used to determine the price ranges that can be considered for buying stocks. It is in the spectra of the Lower Rainbow that the very "margin of safety" according to my methodology is located. The Lower Rainbow has the boundaries between the spectra as a solid line . And only the red spectrum of the Lower Rainbow has only one boundary.
Deviations with a "+" sign form the Upper Rainbow of four similar colors:
- The red spectrum of the upper rainbow begins with a deflection of 0 EPS and ends with a deflection of +4 EPS.
- The orange spectrum of the upper rainbow begins with a deflection of +4 EPS and ends with a deflection of +8 EPS.
- Green spectrum top rainbow begins with a deflection of +8 EPS and ends with a deflection of +16 EPS.
- The blue spectrum of the upper rainbow begins with a deflection of +16 EPS and goes to infinity.
The Upper Rainbow is used to determine the price ranges that can be considered for selling stocks already purchased. The top rainbow has boundaries between the spectra in the form of crosses . And only the blue spectrum of the upper rainbow has only one boundary.
The presence of the Empty Area (the size of 4 EPS) above the Lower Rainbow creates some asymmetry between the two rainbows - the Lower Rainbow looks wider than the Upper Rainbow. This asymmetry is deliberate because the market tends to fall much faster and deeper than it grows . Therefore, a wider Lower Rainbow is conducive to buying stocks at a good discount during a period of massive "sell-offs.
The situation, when the Lower Rainbow is below the center of fluctuations (the thick red line) and the Upper Rainbow, is above the center of fluctuations is called an Obverse . It is only possible to buy a stock in an Obverse situation .
The situation when the Lower Rainbow is above the center of fluctuations and the Upper Rainbow is below the center of fluctuations is called Reverse . In this situation, the stock cannot be considered for purchase , according to my approach.
Selling a previously purchased stock is possible in both situations: Reverse and Obverse. After loading the indicator, you can see a hint next to the closing price - Reverse or Obverse now.
Due to the fact that the size of the deviation from the center of fluctuation depends on the size of the diluted EPS, several important conclusions can be made:
- The Obverse situation is characteristic of companies that show a profit over the last year.
- The Reverse situation is typical for companies that show a loss over the last year.
- An increase in the width of both rainbows in the Obverse situation tells us about an increase in profits for the company.
- A decrease in the width of both rainbows in the Obverse situation tells us about a decrease in the company's profits.
- An increase in the width of both rainbows in the Reverse situation tells us about an increase in the company's losses.
- A decrease in the width of both rainbows in the Reverse situation tells us about a decrease in the company's losses.
- The higher the profit level of the company, the greater your "margin of safety" should be. This will provide the necessary margin of safety in case you go into a cycle of declining financial results. The appropriate width of the Lower Rainbow will just create this "margin".
- Increased profits in the company (after buying its stock) will allow you to stay in position longer by widening the Upper Rainbow.
- A decrease in profits in the company (after buying its stock) will allow you to close your position more quickly by narrowing the Upper Rainbow.
Conditions for opening and closing positions:
So, the Lower Rainbow has four differently colored spectra: blue, green, orange, and red. Each one highlights the desired range of prices acceptable for buying in an Obverse situation. The blue spectrum is upper with respect to the green spectrum, and the green spectrum is lower with respect to the blue spectrum, etc.
- If the current price is in the Blue Spectrum of the Lower Rainbow, that is a reason to consider that company for buying the first portion (*) of the stock.
- If the current price has fallen below (into the Green Spectrum of the Lower Rainbow), that is a reason to consider this company to buy a second portion of the stock.
- If the current price has fallen below (into the Orange Spectrum of the Lower Rainbow), it is a reason to consider this company to buy a third portion of the stock.
- If the current price has fallen below (into the Red Spectrum of the Lower Rainbow), that is a reason to consider that company to buy a fourth portion of the stock.
(*) The logic of the Rainbow Indicator implies that no more than 4 portions of one company's stock can be purchased. One portion refers to the number of shares you can consider buying at the current price (depending on your account size and personal diversification ratio - see information below).
The Upper Rainbow also has four differently colored spectra: blue, green, orange, and red. Each of them highlights the appropriate range of prices acceptable for closing an open position.
- If the current price is in the red spectrum of the Upper Rainbow, I close one portion of an open position bought in the red spectrum of the Lower Rainbow.
- If the current price is in the orange spectrum of the Upper Rainbow, I close one portion of an open position bought in the orange spectrum of the Lower Rainbow.
- If the current price is in the green spectrum of the Upper Rainbow, I close one portion of an open position bought in the green spectrum of the Lower Rainbow.
- If the current price is in the blue spectrum of the Upper Rainbow, I close one portion of an open position bought in the blue spectrum of the Lower Rainbow.
This position-closing logic applies to both the Obverse and Reverse situations. In both cases, the position is closed in portions in four steps. However, there are 3 exceptions to this rule when it is possible to close an entire position in whole rather than in parts:
- If there is a Reverse situation and the current price is above the thick red line.
- If I decide to invest in another company and I do not have enough available cash to purchase the necessary number of portions.
- If I find out about events that pose a real threat to the further existence of the company (for example, a bankruptcy filing), I can close the position earlier, without waiting for the price to hit the corresponding Upper Rainbow spectrum.
So, the basic scenario of opening and closing a position assumes the gradual purchase of shares in 4 stages and their gradual sale in 4 stages. However, there is a situation where one of the stages is skipped in the case of buying shares and in the case of selling them. For example, because the Fundamental Strength Indicator and the P/E ratio became acceptable for me only at a certain stage (spectrum) or the moment was missed for a transaction due to technical reasons. In such cases, I buy or sell more than one portion of a stock in the spectrum I am in. The number of additional portions will depend on the number of missed spectra. For example, if I have no position in the stock of the company in question, all conditions for buying the stock have been met, and the current price is in the orange spectrum of the Lower Rainbow, I can buy three portions of the stock at once (for the blue, green, and orange spectrum). I will sell these three portions in the corresponding Upper Rainbow spectra (orange, green, and blue). However, if for some reason the orange spectrum of the Upper Rainbow was missed, and the current price is in the green spectrum - I will sell two portions of the three (in the green spectrum). I will sell the last, third portion only when the price reaches the blue spectrum of the Upper Rainbow.
The Rainbow Indicator also helps calculate the number of shares that can be considered for purchase at the current price position in the Lower Rainbow spectra. To do this, you need to go to the indicator settings.
+ Cash in - Cash out +/- Closed profit/loss + Dividends - Fees - Taxes
Here I indicate the amount of funds deposited to my account, withdrawn from it, profit/loss on closed positions, dividends credited to the account, and taxes deducted from the account.
Diversification coefficient
The diversification coefficient determines how diversified I want my portfolio to be. For example, a diversification coefficient of 20 means that I plan to buy 20 share portions of different companies, but no more than 4 portions per company (based on the number of Lower Rainbow spectra).
The cost of purchased shares of this company (fees excluded)
Here I specify the amount of already purchased shares of the company in question in the currency of my portfolio. For example, if at this point in time, I have purchased 1000 shares at $300 per share, and my portfolio is expressed in $, I enter - $300,000.
The cost of all purchased shares in the portfolio (fees excluded)
Here I enter the amount of all purchased shares for all companies in the currency of my portfolio (without commissions spent on the purchase). This is necessary to determine the amount of available funds available to purchase shares.
After entering all the necessary data, I go to the checkbox, by checking it I confirm that the company in question has been studied with the Fundamental Strength Indicator and the P/E ratio, and their values are satisfactory to me. No calculation is performed without the checkbox checked. This is done intentionally because the application of the Rainbow Indicator for stock acquisition purposes is possible only after studying the Fundamental Strength of the company and an acceptable P/E value.
Next, I click "Ok" and get the calculation in the form of a table on the left.
Free cash in the portfolio
This is the amount of free cash available to purchase stocks. Please note that the price of the stock and the funds in your portfolio must be denominated in the same currency. On TradingView, you can choose which currency to display the stock price in.
Cash amount for one portion
The amount of cash needed to buy one portion of a stock. Depends on the diversification ratio entered.
Potential portions amount
Number of portions, available for purchase at the current price. Can be a fractional number.
Cash amount to buy
The amount of cash needed to buy portions available for purchase at the current price.
Shares amount to buy
Number of shares in portions available for purchase at the current price.
The table also contains additional information in the form of the current value of the company's market capitalization and P/E ratio.
Mandatory requirements for using the indicator:
- works only on a daily timeframe;
- the indicator is only applicable to shares of public companies;
- quarterly income statements for the last year are required;
- an acceptable for you P/E ratio is required to consider the company's stock for purchase;
- the Rainbow Indicator only applies in tandem with the Fundamental Strength Indicator. To consider a company's stock for purchase, you need confirmation that the company is fundamentally strong.
What is the value of the Rainbow Indicator?
- clearly demonstrates a company's profit and loss dynamics;
- shows the price ranges that can be used to open and close a position;
- takes into account the principle of gradual increase and decrease of a position;
- allows calculating the number of shares to be purchased;
- shows the current value of the P/E ratio;
- shows the current capitalization of the company.
Example:
As an example, consider the situation with NVIDIA Corporation stock (ticker - NVDA).
September 02, 2022:
Fundamental Strength Indicator - 11.46 (fundamentally strong company).
P/E - 39.58 (acceptable to me).
Current Price - $136.47 (is in the Orange Spectrum of the Lower Rainbow).
Situation - Obverse.
The basic conditions for buying this company's stock are met. The Rainbow Indicator settings are filled out as follows:
The table to the left of the Rainbow Indicator shows how many shares are possible to buy in the Orange Spectrum of Lower Rainbow at the current price = 10 shares. This corresponds to 2.73 portions.
To give you an example, I buy 10 shares of NVDA at $136.47 per share.
October 14, 2022:
NVDA's stock price has moved into the red spectrum of the Lower Rainbow.
The Fundamental Strength Indicator is 10.81 (fundamentally strong company).
P/E is 35.80 (an acceptable level for me).
Current Price - $112.27 (is in the Red Spectrum of the Lower Rainbow).
Situation - Obverse.
The basic conditions for buying this company's stock are still met. The Rainbow Indicator settings are populated as follows:
The table to the left of the Rainbow Indicator shows how many shares are possible to buy in the Lower Rainbow Red Spectrum at the current price (5 shares). This corresponds to 1.12 portions.
To give you an example, I buy 5 shares of NVDA at $112.27 per share. A total of 3.85 portions were purchased, which is the maximum possible number of portions at the current price level. The remainder in the form of 0.15 portions can be purchased only at a price level below $75 per share.
January 23, 2023:
The price of NVDA stock passes through the red spectrum of the Upper Rainbow and stops in the orange spectrum. As an example, I sell 5 shares bought in the red spectrum of the Lower Rainbow, for example at $180 per share (+60%). And also a third of the shares bought in the orange spectrum, 3 shares out of 10, for example at $190 a share (+39%). That leaves me with 7 shares.
January 27, 2023:
NVDA's stock price has continued to rise and has moved into the green spectrum of the Upper Rainbow. This is a reason to close some of the remaining 7 shares. I divide the 7 shares by 2 and round up to a whole number - that's 4 shares. For my example, I sell 4 shares at $199 a share (+46%). Now I am left with 3 shares of stock.
February 02, 2023:
The price of NVDA stock moves into the blue spectrum of the Upper Rainbow, and I close the remaining 3 shares, for example, at $216 per share (+58%). The entire position in NVDA stock is closed.
As you can see, the Fundamental Strength Indicator and the P/E ratio were not used in the process of closing the position. Decisions were made only on the basis of the Rainbow Indicator.
As another example, let's look at the situation with the shares of Papa Johns International, Inc. (ticker PZZA).
November 01, 2017:
Fundamental Strength Indicator - 13.22 points (fundamentally strong company).
P/E - 21.64 (acceptable to me).
Current Price - $62.26 (is in the blue spectrum of the Lower Rainbow).
Situation - Obverse.
The basic conditions for buying shares of this company are met. The settings of the Rainbow Indicator are filled as follows:
The table to the left of the Rainbow Indicator shows how many shares are possible to buy in the Lower Rainbow Blue Spectrum at the current price - 8 shares. This corresponds to 1 portion.
To give you an example, I buy 8 shares of PZZA at a price of $62.26.
August 8, 2018:
PZZA's share price has moved into the green spectrum of the Lower Rainbow.
The Fundamental Strength Indicator is a 9.83 (fundamentally strong company).
P/E is 16.07 (an acceptable level for me).
Current Price - $38.94 (is in the green spectrum of the Lower Rainbow).
Situation - Obverse.
The basic conditions for buying shares of this company are still met. The Rainbow Indicator settings are populated as follows:
The table to the left of the Rainbow Indicator shows how many shares are possible to buy in the Lower Rainbow Green Spectrum at the current price - 12 shares. This corresponds to 0.93 portions.
To give you an example, I buy 12 shares of PZZA at a price of $38.94. A total of 1.93 portions were purchased.
October 31, 2018:
PZZA's stock price moves into the Upper Rainbow red spectrum and is $54.54 per share. Since I did not have any portions purchased in the Lower Rainbow red spectrum, there is no closing part of the position.
February 01, 2019:
After a significant decline, PZZA's stock price moves into the orange spectrum of the Lower Rainbow at $38.51 per share. However, I am not taking any action because the company's Fundamental Strength on this day is 5.02 (a fundamentally mediocre company).
March 27, 2019:
PZZA's stock price passes the green and blue spectrum of the Upper Rainbow. This allowed to close the previously purchased 12 shares, for example, at $50 a share (+28%) and 8 shares at $50.38 a share (-19%).
Closing the entire position at once was facilitated by a significant narrowing in both rainbows. As we now know, this indicates a decline in earnings at the company.
Risk disclaimer:
When working with the Rainbow Indicator, keep in mind that the release of the Income statement (from which diluted EPS is derived) occurs some time after the end of the fiscal quarter. This means that the new relevant data for the calculation will only appear after the publication of the new statement. In this regard, there may be a significant change in the Rainbow Indicator after the publication of the new statement. The magnitude of this change will depend on both the content of the new statement and the number of days between the end of the financial quarter and the publication date of the statement. Prior to the publication date of the new statement, the latest actual data will be used for the calculations. Also, once again, please note that the Rainbow Indicator can only be used in tandem with the Fundamental Strength Indicator and the P/E ratio. Without these additional filters, the Rainbow Indicator loses its intended meaning.
The Rainbow Indicator allows you to determine the price ranges for opening and closing a position gradually, based on available data and the methodology I created. You can also use it to calculate the number of shares you can consider buying taking into account the position you already have. However, this Indicator and/or its description and examples cannot be used as the sole reason for buying or selling stocks or for any other action or inaction related to stocks.
Fundamental Strength IndicatorName of the indicator: Fundamental Strength Indicator
A brief description of the indicator:
Using this indicator, you can evaluate a company in terms of the strength of its financial performance and see how that score has changed over time.
The background to the creation of the indicator:
The main idea that inspired me to create this indicator is: " Even if you buy just 1 share of a company, treat it like buying the whole business ". However, when I need to evaluate the business of thousands of public companies traded on exchanges, there is an objective difficulty: it is very time-consuming. To solve this problem, I had to create a scoring system of the fundamental analysis of the company, embodied in this indicator.
What the indicator looks like:
- First, it is a Histogram with bars of three colors: green, orange, and red. The width of the histogram depends on the depth of data from the company statements. The more historical data, the wider the histogram over time.
The green color of the bars means that the company has been showing excellent financial results by the sum of the factors in that time period. According to my terminology, the company has a " strong foundation " during this period. Green corresponds to values between 8 and 15 (where 15 is the maximum possible positive value on the sum of the factors).
The orange color of the bars means that according to the sum of factors during this period the company demonstrated mediocre financial results, i.e. it has a " mediocre foundation ". Orange color corresponds to values from 1 to 7.
The red color of the bars means that according to the sum of factors in this period of time, the company demonstrated weak financial results, i.e. it has a " weak foundation ". The red color corresponds to values from -15 to 0 (where -15 is the maximum possible negative value on the sum of factors).
- Second, this is the Blue Line , which is the moving average of the Histogram bars over the last year (*). Averaging over the year is necessary in order to obtain a weighted estimate that is not subject to medium-term fluctuations. It is by the last value of the blue line that the actual Fundamental Strength of the company is determined.
(*) The last year means the last 252 trading days, including the current trading day.
- Third, these are operating, investing, and financing Cash Flows expressed in Diluted net income. These flows look like thick green, orange, and red lines, respectively.
- Fourth, this is the Table on the left, which shows the latest actual value of the Fundamental Strength and Cash Flows.
Indicator settings:
In the indicator settings, I can disable the visibility of the Histogram, Blue Line, Cash Flows (each separately), and Table. It helps to study each of the parameters separately. It is also possible to change the color, transparency, and thickness of lines.
Mandatory requirements for using the indicator:
- works only on a daily timeframe;
- only applies to shares of public companies;
- company financial statements for the last 4 quarters and more are required;
- it is necessary to have the data from the Balance sheet, Income statement, and Cash flow statement, required for the calculation.
If at least one component required for calculating the Fundamental Strength is missing, the message " no data to calculate the Fundamental Strength correctly " is displayed. In the same case, but for the operating cash flow, the message " no data to calculate the Operating Cash Flow correctly " is shown, and similarly for other flows.
What is the value of the Fundamental Strength Indicator:
- allows for a quantitative assessment of a company's financial performance in points (from -15 to 15 points);
- allows you to visually track how the company's financial performance has changed (positively/negatively) over time;
- allows to visually trace the movement of main cash flows over time;
- speeds up the process of selecting companies for your shortlist (if you are focused on financial results when selecting companies);
- allows you to protect yourself from investing in companies with weak and mediocre fundamentals.
Indicator calculation methodology:
Guided by the "Treat stock investments as buying the whole business" approach, you can imagine what kind of business an investor is interested in owning and simultaneously determine the input parameters for calculating the indicator.
(!) Here it is important to emphasize that the idea of a benchmark business for investment is a subjective notion, so be sure to check whether it coincides with your own opinion.
For me, a benchmark business is:
- A business that operates efficiently without diminishing the return on shareholders' investment. To assess the efficiency and profitability of a business, I use the following financial ratios (*): Diluted EPS and Return on Equity (ROE). The first two parameters for calculating the indicator are there.
- A business that scales sales and optimizes its costs. From this point of view, the following financial ratios are suitable: Gross margin, Operating expense ratio, and Total revenue. Plus three other metrics.
- A business that turns goods/services into cash quickly and does not fall behind on payments to suppliers. The following financial ratios will fit here: Days payable, Days sales outstanding, and Inventory to revenue ratio. These are three more metrics.
- A business that does not resort to significant accounts payable and shows financial strength. Here I use the following financial ratios: Current ratio, Interest coverage, and Debt to revenue ratio. These are the last three parameters.
(*) If you want to learn more about these financial ratios, I suggest reading my two articles on TradingView:
Financial ratios: digesting them together
What can financial ratios tell us?
Next, each of the parameters is assigned a certain number of points based on its last value or the position of that value relative to the annual maximum and minimum.
For example, if the Current ratio:
- greater than or equal to 2 (+1 point);
- less than or equal to 1 (-1 point);
- more than 1 but less than 2 (0 points).
Or for example, if Diluted EPS:
- near or above the annual high (+2 points);
- near the annual minimum and below (-2 points);
- between the annual maximum and minimum (0 points).
And so on with each of the parameters.
As a result, the maximum number of points a company can score is 15 points. The minimum number of points a company can score is -15 points. These levels are marked with horizontal dotted lines: the green line is for the maximum value, and the red line is for the minimum.
I track the number of points for each day of a company's life on a three-color Histogram. The resulting average value for the last year is on the Blue Line. For me, it is the last value of the Blue Line that determines - this is the actual Fundamental Strength of the company.
The business valuation model I created is more suitable for companies that produce goods or services, and where tangible assets play a significant role in the business. For example, when analyzing companies in the financial sector, you may see the message "no data to calculate the Fundamental Strength correctly". Many of them may simply be missing data that is used as input for the calculation: Inventory to revenue ratio, Days sales outstanding, etc.
Examples:
Below I will evaluate various companies using the Fundamental Strength Indicator.
Tesla, Inc.
The indicator shows that since 2020, Tesla Inc. has been steadily increasing its Fundamental Strength (from 3.27 in Q1 2020 to 12.79 in Q1 2023). This is noticeable both by the color change of the Histogram from orange to green and by the rising Blue Line. If you look in detail at what has been happening with the financials during this time, it's clear what meaningful work the company has done. Revenues have almost quadrupled. Earnings per share have increased 134 times. At the same time, total debt to revenue fell almost 10 times.
Keurig Dr Pepper Inc.
The company, formed in 2018 by the merger of Keurig Green Mountain and Dr Pepper Snapple Group, has failed to deliver outstanding financial results, causing its Fundamental Strength to fall from 4.63 in Q1 2018 to -0.53 in Q1 2023. During this period, the drop in diluted earnings per share was accompanied by higher debt and deteriorating liquidity.
Costco Wholesale Corporation
Wholesaler Costco has been surprisingly stable in its financial performance and with steady growth in both earnings and revenue. This is the reason why the Histogram bars are exceptionally green throughout the calculation of the indicator. The Fundamental Strength has not changed in three years and is high at 11 points.
As an additional filter, for example, when comparing two companies where all other conditions are equal - I use the dynamics of Cash Flows expressed in Diluted net income (*). These are the thick green, orange, and red lines over the Histogram.
Why do I use income as a unit of measure of Cash Flows? Because it is a good way to make the scale of indicator values the same for companies from different countries, with different currencies. It also allows you to use a single value scale for both Cash Flows and Fundamental Strength.
(*) If you want to learn more about Cash Flows, I suggest reading my two articles on TradingView:
Cash flow statement or Three great rivers
Cash flow vibrations
So, an additional filter shows the dynamics of Cash Flows over time.
To interpret the dynamics of Cash Flows, I pay attention to the following patterns:
- How the cash flows are positioned in relation to each other;
- In which zone each of the cash flows is located - in the positive or negative;
- What is the trend of each of the cash flows;
- How volatile each of the cash flows is.
As an example, let's look at several companies in order to interpret the dynamics of their Cash Flows.
John B. Sanfilippo & Son, Inc.
This is the most ideal situation for me: operating cash flow (green line) is above the other cash flows, investment cash flow (orange line) is near zero and practically unchanged, and financial cash flow (red line) is consistently below zero. This picture shows that the company lives off its operating cash flow, does not increase its debt, does not spend a substantial amount of money on expensive purchases, and retains (does not sell off) assets.
Parker Hannifin Corporation
With stable operating cash flow (green line), the company implements investment programs by raising additional funding. This is noticeable due to an increase in financial cash flow (red line) and a simultaneous decrease in investment cash flow (orange line) with a significant deepening into negative areas. Apparently, there is not enough operating cash flow to realize the planned investments. One has to wonder how sustainable a company can be if it invests in its development using borrowed funds without a subsequent increase in operating cash flow.
Schlumberger N. V.
The chaotic intertwining of cash flows outside of the Fundamental Strength range (-15 to 15) is indicative of the company's rich life, but to me, it is an indicator of high riskiness of its actions. And as we can see, Fundamental Strength has only begun to strengthen in the last year, when the external appearance of cash flow has normalized.
Risk disclaimer:
When working with the Fundamental Strength Indicator and the additional filter in the form of Cash Flows, you should understand that the publication of the Balance sheet, Income statement, and Cash flow statement takes place sometime after the end of the financial quarter. This means that new relevant data for the calculation will only appear after the publication of the new statements. In this regard, there may be a significant change in the values of the Indicator after the publication of new statements. The magnitude of this change will depend both on the content of the new statements and on the number of days between the end of the financial quarter and the publication date of the statements. Until the date of publication of the new statements, the latest relevant data will be used for calculations.
I would like to draw your attention to the fact that the calculation of Fundamental Strength and Cash Flows requires the availability of data for all parameters of the valuation model . It uses data that is exclusively available on TradingView (there is no reconciliation with other sources). If at least one parameter is missing, I switch to another company's analysis to continue using the indicator.
Thus, the Fundamental Strength Indicator and an additional filter in the form of Cash Flows make it possible to evaluate the financial results of the company based on the available data and the methodology I created. A simple visualization in the form of a three-color Histogram, a Blue line, and three thick Cash Flow lines significantly reduces the time for selecting fundamentally strong companies that fit the criteria of the selected model. However, this Indicator and/or its description and/or examples cannot be used as the sole reason for buying or selling stocks or for any other action or inaction related to stocks.
[TTI] Eric Krull's Market Health Indicator📜 ––––HISTORY & CREDITS 🏦
Introducing Eric Krull's Market Health Indicator, an innovative tool specifically designed for monitoring the health of major indices such as the S&P 500, Nasdaq Composite, or Dow Jones Industrial Average. Developed by Eric Krull, an expert in the field of financial markets, this indicator aims to help traders gain a better understanding of the overall market condition and make informed trading decisions. The indicator is a 90% match to what Eric Krull has shared about it.
🎯 ––––WHAT IT DOES 💡
Eric Krull's Market Health Indicator (MHI) provides a quick and easy-to-understand visual representation of the current market health. By calculating the moving averages, determining their slopes, and computing the percentage difference between the index and the 21-day Exponential Moving Average (21DEMA), the MHI generates three different color-coded signals:
👉Green: Indicates a healthy market with a strong uptrend.
👉Red: Indicates a weak market with a strong downtrend.
👉Yellow: Indicates a neutral or sideways market.
This color-coded system allows traders to quickly assess the health of the major indices and make better-informed decisions on their trades.
🛠️ ––––HOW TO USE IT 🔧
To use Eric Krull's Market Health Indicator, follow these simple steps:
1. Load the indicator script into your preferred charting platform.
2. Set the index symbol to either "SPX" for the S&P 500, "COMP" for the Nasdaq Composite, or "DJI" for the Dow Jones Industrial Average.
3. Observe the Market Health Indicator columns plotted at the bottom of your chart.
4. Interpret the color-coded signals as follows:
🟩Green: A healthy market with a strong uptrend. Consider taking long positions or holding onto existing long positions.
🟥Red: A weak market with a strong downtrend. Consider taking short positions or reducing exposure to long positions.
🟨Yellow: A neutral or sideways market. Stay cautious and consider waiting for a clearer signal before entering new trades.
By incorporating Eric Krull's Market Health Indicator into your trading strategy, you can better gauge the overall market health and make more informed decisions on your trades. Always remember to use this tool in conjunction with other indicators and risk management practices to maximize your success.
[TTI] Lifecycle Trade: Sell Rules v2––––HISTORY & CREDITS 🏦
This script is based on the IPO Trading Lifecycle Trade Methodology by Kathy Donnelly and her team. It provides an implementation of their research on effective buy and sell rules for IPOs and Super Growth Stocks. The goal of this script is to help traders identify the best-performing sell rules, such as Ascender, Midterm, 40-Week, and Everest after they buy from IPO base. Henceforth these rules are used for IPO trading.
––––WHAT IT DOES 💡
1. Based on the methodology from the Lifecycle trade book, the script implements the best-performing sell rules (Ascender, Midterm, 40-Week, and Everest) based on profits, drawdowns, and time-in-market.
More details about the rules in section .
• Everest Rule = comprises of 9 conditions for triggering and 3 conditions for exiting
• Ascender Rule = comprises of 3 exit Rules for 3 different exit points
• Midterm Rules = uses 2 different scenarios (rules for trades less than 1 year and those after 1 year)
• 40 week Rules = use price action around the 40 week to determine exit rules
2. There is a table with the performance of these rules (backtested). The table can be positioned where the user wants in the chart and can view the performance of the Sell Rules either by horizontally by Rule or vertically by IPO Chart Pattern (Rocket Ship, Late Boomer, One Hit Wonder, Pump and Dump or Stair Stepper).
––––HOW TO USE IT 🔧
1. Apply the script to your chart and choose your trade start date.
2. Watch for highlighted the sell rules (Ascender, Midterm, 40-Week, and Everest) to exit trades in a disciplined and systematic manner. If an exit rule triggeres it will be displayed on the chart. Buy points are not included in the script!
3. Adjust for your trading style, timeframe, and risk tolerance according to your preferences and the script's output. The rules utilize Short term, Mid Term and Long Term investors.
• Short Term Rules = Everest Rule, Ascender Rule
• Mid Term Rules = Midterm Rule
• Long Term Rules = Everest, 40 Week Rule
––––DETAILS ON THE RULES 📚
These rules use two main criteria to trigger- Price and Volume. Price is interpreted by how much the stock gains or loses in a given time period, wether it is printing consecutive up days or if it is has large gap ups that have not been unclosed.
Some of the techniques implement backtested thresholds like number of unfilled gap up in the last 10 days or when have largest volume or largest dollar gain happened relative to the IPO price. The rules also implement things like how many days have the stock been up for the last 10 days or if there are any large gaps +5% that have not been unfilled. Another signal that is being used is if we have had the largest $ gain since the stocks history in a given period. Volume is used to determine if there has been a significant volume influx since the IPO date of the history if so, this triggers a rule. Some rules are time based and look for specific price action during the history of the stock for instance certain rules are required in the first 252 days of the trading history and certain rules are required after the first 252 days of the price history. We are also employing closing under important moving averages as a guide wether or not a stock should be sold. Another technique is to see how much total gain has the stock moved. THis is important for RocketShip patterns. If it has made +500% moves this would trigger certain sell rules. Price analysis is also being used on higher timeframes. For instance if a stock moves below certain important levels in 2 consecutive weeks then this would trigger a violation of the setup.
The Table of results that can be turned on and off shows the backtesting results of the performance of the different 4 rules across the 5 main IPO trading patterns from the Lifecycle trade mechanism (Rocket Ship, Late Boomer, One Hit Wonder, Pump and Dump or Stair Stepper). The Table shows across the 600 IPOs that have been studies what has been the average Gain (%) for each exit rule for each IPO Pattern and what has been the $ DrawDown for the same rule per IPO Pattern. This information is very useful to have on chart in order to decide which exit rules best match the given IPO pattern that you are looking at.
!!Always use proper risk management and position sizing!!
Please note that this script is intended for educational purposes and should not be considered as financial advice. Past performance is not indicative of future results, and every trader should carefully consider their trading strategy and risk tolerance before entering any trade.
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.
FIN_BOTthis script is just for test,
can be not correct working, is just for now, soon will be better,
this is for test, and it will be prodaction as soon as possible,
Plasse be shur that you don use it as prodaction.
SrgArt_NoteTrade Position Calculator
This indicator is intended for those who use manual classic trades with stop losses, take profits in their trading and determine the % risk of their deposit in each trade (without safety orders)
The indicator is a calculator for calculating a position on a trade, taking into account risk management.
How to use:
1) Enter your initial trading deposit in the settings
2) Specify the parameters of your transaction: % TP, % SL
3) Enter the risk value for the transaction in%: what part of the deposit will you lose if the transaction is closed by stop loss
4) The leverage with which you will enter the deal is indicated
5) Calculations are made in the table:
- what will be your profit in case of closing the deal on TP (in $)
- what will be your loss in case of closing the transaction on SL (in $)
- how much of your $ you need to allocate to open a position at the risks you set and the leverage used
- how much $, taking into account the leverage, will be used in the transaction
Lune Market Analysis Premium- Version 0.9 -
Lune Algo was developed and built by Lune Trading, utilizing years of their trading expertise. This indicator works on all stocks, cryptos, indices, forex, futures , currencies, ETF's, energy and commodities. All the tools and features you need to assist you on your trading journey. Best of all, Lune Algo is easy to use and many of our tools and strategies have been thoroughly backtested thousands of times to ensure that users have the best experience possible.
Overview
Trade Dashboard—Provides information about the current market conditions, Such as if the market is trending up or down, how much volatility is in the market and even displays information about the current signal.
Trade Statistics—This tool gives you a breakdown of the Statistics of the current selected strategy based on backtests. It tells you the percentage of how often a Take Profit or Stop Loss was hit within a specific time period. Risk and Trade management is very important in trading, and can be the difference between a winning and losing strategy. So we believe that this was mandatory.
Current Features:
Advanced Buy and Sell Signals
Exclusive built-in Strategies
Lune Confidence AI
EK Clouds
Reversal Bands
Vray (Volume Ray)
Divergence Signals
Reversal Signals
Support/Resistance Zones
Built-in Themes
Built-in Risk Management system (take profit/stop loss)
Trade Statistics
Trade Assistance
Trade Dashboard
Advanced Settings
+ More coming soon, Big plans!
Features Breakdown:
Lune Confirmation—Used to help you confirm your trades and trend direction. It uses unique calculations, and its settings can be adjusted to allow traders to adapt the settings to fit their trading style.
Lune Confidence AI—All strategies are equipped with our exclusive built-in Confidence AI. This feature tells you how much confluence there is in a trade. It uses a rating system where signals are given a number from 0 to 5. A rating of 0 indicates that there is not a lot of confluence or confidence in the signal, while a rating of 5 indicates that there is a lot of confidence in the trade. This feature is not perfect and will be improved overtime.
Support/Resistance Zones—Calculates the most important support/resistance levels based on how many times a level has been used as support or resistance. Traders also refer to these as supply and demand zones and key levels.
EK Clouds—Used to further help you confirm trend and was optimized to also be used as support and resistance. This feature is powered by custom moving averages.
Reversal Bands—An optimized and improved version of the infamous Bollinger Bands. When price action takes place within the Reversal Bands it usually indicates that the current symbol is overextended and a reversal is possible.
Vray—Also Known as "Volume Ray", Assists you in better visualizing volume. This helps you find key levels and areas of support that you wouldn't be able to see otherwise. It helps you trade like the institutions.
This indicator's signals DO NOT REPAINT.
If you are using this script you acknowledge past performance is not necessarily indicative of future results and there are many more factors that go into being a profitable trader.
Market Session TimesThis indicator is released by the Trade Travel Chill community and uses the Trade by Design Method. It has the following features:
Pre-defined alerts
Moon Cycles
Asian, UK and US Market open times visual indicators
Trading day visual separator
All these features are highly customisable and configurable.
