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Breadth Indicators

DMI RSI AO 3 indicators in 1 overlayThis is simple indicators that plot 3 indicators DMI, RSI and AO on 1 pane How to use: you can add on your chart and edit color and display in setting page of indicators The directional movement index (DMI) is an indicator developed by J. Welles Wilder in 1978 that identifies in which direction the price of an asset is moving. The indicator does this by comparing prior highs and lows and drawing two lines: a positive directional movement line (+DI) and a negative directional movement line (-DI). An optional third line, called the average directional index (ADX), can also be used to gauge the strength of the uptrend or downtrend. When +DI is above -DI, there is more upward pressure than downward pressure in the price. Conversely, if -DI is above +DI, then there is more downward pressure on the price. This indicator may help traders assess the trend direction. Crossovers between the lines are also sometimes used as trade signals to buy or sell. The relative strength index (RSI) is a momentum indicator used in technical analysis that measures the magnitude of recent price changes to evaluate overbought or oversold conditions in the price of a stock or other asset. The RSI is displayed as an oscillator (a line graph that moves between two extremes) and can have a reading from 0 to 100. The indicator was originally developed by J. Welles Wilder Jr. and introduced in his seminal 1978 book, “New Concepts in Technical Trading Systems.”1 Traditional interpretation and usage of the RSI are that values of 70 or above indicate that a security is becoming overbought or overvalued and may be primed for a trend reversal or corrective pullback in price. An RSI reading of 30 or below indicates an oversold or undervalued condition. Awesome Oscillator is developed by famous technical analyst and charting enthusiast Bill Williams. Awesome Oscillator (AO) is an indicator that is non-limiting oscillator, providing insight into the weakness or the strength of a stock. The Awesome Oscillator is used to measure market momentum and to affirm trends or to anticipate possible reversals. It does this by effectively comparing the recent market momentum, with the general momentum over a wider frame of reference.
Pine Script™ indicator
by EW_T
2
Gann SqrootGann indicators—based on trading techniques developed by W.D. Gann—are used in predicting support and resistance levels, as well as predict tops, bottoms, and future price moves. Gann studies have been used by active traders for decades, and even though the futures and stock markets have changed considerably, they remain a popular method of analyzing an asset's direction. Gann angles are a popular analysis and trading tool that are used to measure key elements, such as pattern, price, and time
Pine Script™ indicator
by abiabhishek18
4
OnBalanceVolume by DGTComparing relative action between price bars and On-Balance Volume (OBV) generates more actionable signals, and plotting OBV on top of price chart alows to visually emphasis the relation between the price bars and OBV. The On Balance Volume indicator (OBV) is a good metric for measuring buying and selling pressure. Many people believe that buying and selling pressure precede changes in price, making this indicator valuable. The actual individual quantitative value of OBV is not relevant. Instead, traders and analysts look to the nature of OBV movements over time; the slope of the OBV line carries all of the weight of analysis. * Trend Identification - On Balance Volume (OBV) is useful for identifying or confirming overall market trends, when both price and OBV are moving in the same direction the underlying trend is likely to continue. * Devrgence - divergence occurs when price movement is not confirmed by the indicator. In many cases, these divergences can indicate a potential reversal * During a trading range, if the OBV is rising, accumulation may be taking place—a warning of an upward breakout, and coversly if the OBV is falling, distribution may be taking place—a warning of a downward breakout. Note of caution in using the On Balance Volume - It is a leading indicator, meaning that it may produce predictions, but there is little it can say about what has actually happened in terms of the signals it produces. Because of this, it is prone to produce false signals. It can therefore be balanced by lagging indicators. Add a moving average line to the OBV to look for OBV line breakouts; you can confirm a breakout in the price if the OBV indicator makes a concurrent breakout - A large spike in volume on a single day can throw off the indicator for quite a while. For instance, a surprise earnings announcement, being added or removed from an index, or massive institutional block trades can cause the indicator to spike or plummet, but the spike in volume may not be indicative of a trend This study additionally presents - Volume Histogram with a Volume Moving Average - Volume Weighted Colored Bars Other alternatives where OBV is used as source of creating indicators : RelativeStrength of VolumeIndicators , Neglected-Volume , StochX Indicator of Indicators , etc As with most indicators however, it is best to use OBV with additional technical analysis tools Disclaimer: Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely The script is for informational and educational purposes only. Use of the script does not constitutes professional and/or financial advice. You alone the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Pine Script™ indicator
by dgtrd
30
NYSE Advance/Decline Line 1.0NYSE Advance/Decline Line is a Market Breath indicator. Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like! A/D line calculates a ratio between total number of NYSE stocks advancing and total number of NYSE stocks declining in one day, providing another way to grasp the market breath at any moment. Green columns mean more than 50% of NYSE stocks are advancing, red columns mean more than 50% of NYSE stocks are declining. Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside. Correlation means rising probability of capitulation (to the upside or to the downside). For a better interpretation, NYSE Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.).
Pine Script™ indicator
by IQ-trading
3
UpVol/TVol NYSE Lowry Upside DaysTakes Tradingviews Upside Volume for NYSE and divides it by Total Volume on NYSE. Tradingview's data source generally has different volume figures than say the Wall Street Journal. Therefore, this indicator is an estimate. 10% upside volume shows extreme panic and is consistent with market sell offs. 90% upside days, following a decline, are often occur within a week or so of significant market bottoms. Recommend using columns as the plot type. Based on research of LowryResearch Corp.
Pine Script™ indicator
by CoryMitchell-CMT
3
xBrat BIAS DEPTH HeatmapThis Trading Indicator is the "Go - No Go Gauge" for any trading signals strategy. A Sub-Chart that looks up 6 time frames and gives you real time BIAS. Bullish, Neutral or Bearish on each level. Making decisions, acting on trading signals easier! Only identifying those highest probability trades, no matter what signals trading indicator you are using. Ideal for Forex Trading, Futures Trading, Crypto Trading and Stocks Trading This BIAS Depth Heatmap includes: 6 Levels of BIAS Depth Scalping Setting Day Trading Setting Swing Trading Setting And by only concentrating on trading the highest probability trades of any trading strategy, we can block out all the other noise and concentrate on a simple set of rules! This is why our Founder, Paul Bratby, decided to help filter out all the noise and allow traders to see what's going off on higher timeframes "in depth" to help make those important trade entry decisions. This more global view of the BIAS DEPTH is designed to help traders make decisions faster!
Pine Script™ indicator
by PBratbyOfficial
5
Sector Performance TableThis is a simple performance table for the SPY and its component sectors as well as VIX. Importantly, the performance is intraday from session open time. It is NOT a daily change - credit to ShadowTrader for this distinction. Credit also to PineCoders for their string manipluation instructions for Pine Script. Each of the 14 symbols in the table can be set by the user. The table can be placed Top or Bottom, Left or Right The user will need to set the cell width and height and transparency and bulilsh/ bearish colors to best suit their own displays. There are two color gradients built in to help illustrate which symbols are leading or lagging I have also published one for the FANGMANT stocks that is otherwise very similar to this
Pine Script™ indicator
by mobester16
3
FANGMANT Performance TableThis is a simple performance table for QQQ, SPY and the main FANGMANT stocks shown left to right by current order of weighting. Importantly, the performance is intraday from session open time. It is NOT a daily change - credit to ShadowTrader for this distinction. Credit also to PineCoders for their string manipluation instructions for Pine Script. Each of the 12 symbols in the table can be set by the user. For publication purposes I have included QQQ, SPY, VXN and TNX as these are all relevant to Nasdaq performance too The table can be placed Top or Bottom, Left or Right The user will need to set the cell width and height and transparency and bulilsh/bearish colors to best suit their own displays. There are two color gradients built in to help illustrate which symbols are leading or lagging I will also publish one for the SPY sectors that will otherwise be very similar to this
Pine Script™ indicator
by mobester16
Trending Bar SRTrending Bar SR is a simple script define a Bar called "Trending Bar". Depend on direction of Trending Bar, if Trending Bar is UpTrend then this indicator plot Bar's Low Price as Support and if Trending Bar is DownTrend then it plot Bar's High Price as Resistance. Beside, this indicaor also plot 4 levels retracement of Trending Bar for trading. 1. Define Trending Bar 1.1 Uptrend Bar + Close Price higher than previous High Price + Body greater than sum of shadows (up and down) + Color: A green dot is plotted at bottom chart. 1.2 Downtrend Bar + Close Price lower than previous Low Price + Body greater than sum of shadows (up and down) + Color: A red dot is plotted at bottom chart. 2. Retracement Level + Trending Bar Retracement 0.5 is called Equerium. + Trending Bar Retracement 0.618 is called Perfect Entry. + Trending Bar Retracement 0.705 is called Optimal Entry. + Trending Bar Retracement 0.79 is called Max Entry. 3. Trading + When Price crossed Equerium, consider open position at Perfect Entry, Optimal Entry with stoploss place at Max Entry. + If place order at Max Entry, stoploss can place at Support or Resistance.
Pine Script™ indicator
by inno14
3
VOLD-MarketBreadth-RatioThis script provides NASDAQ and NYSE Up Volume (volume in rising stocks) and Down Volume (volume in falling stocks) ratio. Up Volume is higher than Down Volume, then you would see green label with ratio e.g 3.5:1. This means Up Volume is 3.5 times higher than Down Volume - Positive Market Breadth. If Down Volume is higher than Up Volume, then you would see red label with ratio e.g -4.5:1. This means Down Volume is 4.5 times higher than Up Volume. For example, ratio is 1:1, then it is considered Market Breadth is Neutral. PS: Currently TradingView provides only NASDAQ Composite Market volume data. I have requested them to provide Primary NASDAQ volume data. If they respond with new ticket for primary NQ data, I will update the script and publish the updated version. So if you have got similar table on ToS, you would see minor difference in NQ ratio.
Pine Script™ indicator
by sskcharts
13
Intrabar OBV/PVTI got this idea from @fikira's script Intrabar-Price-Volume-Change-experimental The indicator calculates OBV and PVT based on ticks. Since, the indicator relies on live ticks, it only starts execution after it is put on the charts. The script can be useful in analysing intraday buy and sell pressure. Details are color coded based on the values. Data is presented in simple tabular format. Formula for OBV and PVT can be found here: www.investopedia.com www.investopedia.com
Pine Script™ indicator
by Trendoscope
6
Here Is The Bottom(VIX and Its MA Deviation Rate)I found a very interesting article on Bloomberg with the title “JP Morgan Strategists See Sure Fire Sign It Is Time to Buy Stocks”. It says when VIX index far exceeds its 1 month MA by 50%, then stock prices rise later except recession period. This buying signals are almost 100% accurate and now is the time to buy stocks as the VIX met the condition on Jan25 this year, the article says. I can’t post the URL of the article here as it violates TradingView house rules, so if you are interested, you just google it with the title. Anyway, I have developed this indicator to see what JP Morgan says. It draws VIX, its MA and its MA deviation rate. You will see the truth. Enjoy!
Pine Script™ indicator
by FX365_Thailand
World Markets Open/Close BackgroundIndicator fills background color on the chart for different markets around the world. This can be helpful in some markets to understand after hours and premarket price action. User can study if there is correlation between highs/low in whole session or open/close of different markets. Tokyo, Hong Kong and Shanghai are Asian Markets in Red are combined Bombay, London and NYSE are individually plotted. Times can be changed for each session to include the entire session, or selected block of 15 minutes. Less than 15 minutes will need to be changed in the default value of the code which is why I'm publishing it open source. All coded default times for each market are in CST. Background color can be turned off individually under the Style tab, and can also be unchecked under Inputs and can just be used for source for further coding. My intentions for this script is to use it and its variable value to plot the highs and lows just in the specific times in a session and to more easily visualize those sessions with color coding. I hope this is useful Cheers!
Pine Script™ indicator
by goofoffgoose
1