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[TTI] Volume Rulesibb.co 👆 Look at how the script looks when you hover with the mouse ––––History & Credit Volume and Price action have been the sole foundation to technical traders since technical analysis has been around. This indicator includes some of the important volume rules that I have collected over the years and the ones I have seen that work. In general credit for the methods used in this indicators has to go to William O'Neil, Stockbee and Mark Minervini. –––––What it does There are 3 functions of the Volume rules indicator. The top line, the bottom line and the label. 1️⃣. The top line looks at a few basic volume patterns that are important to pay attention too. 🔵 Higher volume than yesterday and day closes up 🟣 Higher volume than yesterday and day closes down 🟡 Volume X times higher (defined in settings) over the last Y (defined in settings) days. Default is 2x higher compared to yesterday. 2️⃣ The bottom line looks at StockBee Labels L4 custom criteria + 100k minimum trading day (bearish) H4 custom criteria + 100k minimum trading day (bullish) L9 custom criteria + 9M minimum trading day (bearish) H9 custom criteria + 9M minimum trading day (bullish) L49 custom criteria + 49M minimum trading day (bearish) H49 custom criteria + 49M minimum trading day (bullish) StockBee Labels: ibb.co 3️⃣ The label looks wether the picked ticker meets the minimum requirement for trading (as per methodology) and how is the price action performing. TDV = total dollar trading volume Trading Volume = #stocks If the above 2 meet the criteria in the settings pannel the label is green if both do not meet the label is red and if one is met and the other is not the label is yellow. Additional comparison of the trading volume to the 10D, 20D and 50D MA of the volume and two custom indicators: 1. Volume Signature = whereby the indicator looks that the highest down volume over the last 10days and compares it to todays volume 2. Vol in vs Vol out = whereby the indicator looks at the volume of the breakout compared to the average down volume over the last 10 days –––––How to use it When trading always look for volume confirmation in the direction of your trend. The volume footprints are one of the ways to shadow institutional support. Bearish and Bullish signals are described above.
Pine Script™ indicator
by TintinTrading
[TTI] Net New Highs / Lows––––History & Credit There are multiple methodologies that use Net New Highs for the NASDAQ or NYSE as a market direction indicator. Recently, I saw Matt Caruso to also apply such methodology, so I decided to code this indicator. –––––What it does 👉 Plots a Net Change histogram. This shows New Highs - New Lows, if the histogram is above 0 this means there are more highs than lows 👉 Plots Background colouring. This is dependant on the sensitivity setting of the indicator. We would require a few days of downward action before concluding a downward action. Sensitivity can be adjusted in the menu 👉 Bot the Histogram and the Background colouring can be turned on and off (as per screenshot example) –––––How to use it You can use it to validate if the market conditions are ripe for entering a trade. For instance if you trade long, you would want to confirm with the indicator that general market is facilitating moves to the upside. IBD have mentioned more than once that a stock move is 50% due to the general market move.
Pine Script™ indicator
by TintinTrading
10
Power Trend Pro - Spot Powerful UptrendsWhen a Power Trend is active, there is a stronger than usual uptrend underway. The concept of a Power Trend was defined by Investor's Business Daily, more specifically, the Market School course designed to mimic the trading style of IBD's Founder, William O'Neil. The specifics of a Power Trend were defined by Mike Webster, Justin Nielsen and Charles Harris, while working with William O'Neil at IBD. The uptrends of the Nasdaq Composite were studied in great detail, looking for characteristics that were similar across significant uptrends. The end result was a set of rules that define when a Power Trend starts and ends. Knowing that there is a Power Trend in play can be helpful to gauge how aggressive to be with your trades. The price action in a major index, such as the Nasdaq Composite (IXIC), is the source for determining a Power Trend's status. Using an index is based on the definition of a Power Trend from Market School. With this indicator, in addition to indexes, it will allow an ETF (more specifically, a "fund" as defined by TradingView) to be used as the source. The reason for the latter is that various ETFs such as ARKK, which are focused on "disruptive technology," can be helpful to track trends for growth traders. What Starts a Power Trend? ■ Low is above the 21-day EMA for at least 10 days. ■ 21-day EMA is above the 50-day SMA for at least five days. ■ 50-day SMA is in an uptrend. ■ Close up for the day. What Ends a Power Trend? ■ 21-day EMA crosses under 50-day SMA. ■ Close 10% below recent high and below the 50-day SMA. Show Power Trend Status With this indicator there are four unique ways to highlight Power Trends on a chart, each is shown in the chart that follows: If you prefer to keep your charts clean, the stoplight option may be your best bet. This signal displays green, yellow or gray depending on the status of the Power Trend. For example, when the light is green, a Power Trend is on. Yellow signals the Power Trend is still in place, however, the price is below the 50-day SMA. Gray equates to the Power Trend being off. Additional Examples of Power Trends The example below shows a Power Trend on the ARKK ETF. One way for a Power Trend to end is when the 21-day EMA crosses under the 50-day SMA. There are also "circuit-breaker" rules that result in the a Power Trend ending. For example, when the price breaks below the 50-day SMA and closes 10% or more from a recent high. Alerts on Start and End of a Power Trend In addition to the visual signals mentioned above, you can also set Alerts to be notified when a Power Trend starts or ends. This is one of the more unique and helpful features of this indicator. For example, you can create an Alert on the Nasdaq Composite that will send a message whenever the requirements for a Power Trend are met. Given TradingView alerts are stored server-side, you can be on notified even if you are not currently running TradingView. To set an Alert: ■ Make sure you are viewing an index or fund ■ Right-click on chart and select 'Add alert' ■ From the Condition select 'Power Trend' ■ Choose either 'Power Trend Started' or 'Power Trend Ended' ■ Select 'Once Per Bar Close' Features ■ Four options to highlight where Power Trends starts and ends:   • Custom colored bars.   • Stoplight with configurable location.   • Custom symbol and color above bar.   • Custom symbol and color below bar. ■ Show recent high price, configurable font size and color. ■ Custom alerts on the start and/or end of a Power Trend.
Pine Script™ indicator
by JohnMuchow
27
Relative Strength (IBD Style)This script is meant to give you a Relative Strength indication of the stock. The goal is to use a similar calculation as used by IBD. It calculates the performance of the current stock for the last year (most recent quarter is weighted double) and compares it to the performance of a reference index or ticker (default is "SPY"). IBD would give you a value between 0 and 100 because this value is the percentile within all stocks. This is not possible with Pine Script at the moment. So here you get a Relative Strength value that is >0 if the stock is stronger than the index and <0 if it is weaker than the index. You can still compare the Relative Strength values between stocks (bigger is better) but you won't know which percentile it is right off the bat.
Pine Script™ indicator
by Skyte
16
IBD Distribution DaysThis indicator seeks to mimic the conditions for Investors Business Daily's (IBD) Distribution Days that are tracked against the major indexes. A distribution day is when the market index is down 0.2% or greater and the current day's volume is greater than yesterday's. By default, when a distribution day occurs a red arrow above the bar will appear. The distribution days are only relevant for up to 25 trading days. This is represented by the gray bar that is shown. Therefore the count of distribution days is valid only to the right of the gray bar. Distribution days can also be removed if the indexes move up more than 5% from the day of the distribution day. This indicator must have a volume indicator in order for it to calculate properly. TVC:IXIC will not work without having a data subscription to the Nasdaq Index. You are able to change the shape, shape color, and location of the shape in the menu. You are also free to change the color of the gray bar. I welcome your feedback and any enhancements you may suggest.
Pine Script™ indicator
by JaRoRu
8
Volume Indicators PackageCONTAINS 3 OF MY BEST VOLUME INDICATORS ALL FOR THE PRICE OF ONE! CONTAINS: Average Dollar Volume in RED Up/Down Volume Ratio in Green Volume Buzz/Volume Run Rate in BLUE If you would like to get these individually, I also have scripts for that too. Below is information about all three of these indicators, what they do, and why they are important. ---------------------------------------------------------------------------------------------AVERAGE DOLLAR VOLUME---------------------------------------------------------------------------------------- Dollar volume is simply the volume traded multiplied times the cost of the stock. Dollar volume is an extremely important metric for finding stocks with enough liquidity for market makers to position themselves in. Market Liquidity is defined as market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. The key concept you want to understand is that these big instructions with billions of dollars need liquidity in a stock in order to even think about buying it, and therefore these institutions will demand a large dollar volume . A good dollar volume amount, that represents a pretty liquid name, is typically above 100 million $ average. Why are institutions important? Simple because they are the ones who make stocks move, and I mean really move. If you want to see large growth from a stock in a short amount of time, you need institutions wielding billions of dollars to be fighting one another to buy more shares. Institutions are the ones who make or break a stock, this is why we call them market makers. My script calculates average dollar volume using four averages: the 50, the 30, the 20, and the 10 period. I use multiple averages in order to provide the accurate and up to date information to you. It then selects the minimum of these averages and divides this value by 1 million and displays this number to you. TL;DR? If you want monster moves from your stocks, you need to pick names with average high liquidity(dollar volume >= $100 million). The number presented to you is in millions of whatever currency the name is traded in. ---------------------------------------------------------------------------------------------UP/DOWN VOLUME RATIO----------------------------------------------------------------------------------------- Up/Down Volume Ratio is calculated by summing volume on days when it closes up and divide that total by the volume on days when the stock closed down. High volume up days are typically a sign of accumulation(buying) by big players, while down days are signs of distribution(selling) by big market players. The Up Down volume ratio takes this assumption and turns it into a tangible number that's easier for the trader to understand. My formula is calculated using the past 50 periods, be warned it will not display a value for stocks with under 50 periods of trading history. This indicator is great for identify accumulation of growth stocks early on in their moves, most of the time you would like a growth stocks U/D value to be above 2, showing institutional sponsorship of a stock. Up/Down Volume value interpretation: U/D < 1 -> Bearish outlook, as sellers are in control U/D = 1 -> Sellers and Buyers are equal U/D > 1 -> Bullish outlook, as buyers are in control U/D > 2 -> Bullish outlook, significant accumulation underway by market makers U/D >= 3 -> MONSTER STOCK ALERT, market makers can not get enough of this stock and are ravenous to buy more U/D values greater than 2 are rare and typically do not last very long, and U/D >= 3 are extremely rare one example I kind find of a stock's U/D peaking above 3 was Google back in 2005. -----------------------------------------------------------------------------------------------------VOLUME BUZZ----------------------------------------------------------------------------------------------- Volume Buzz/ Volume Run Rate as seen on TC2000 and MarketSmith respectively. Basically, the volume buzz tells you what percentage over average(100 time period moving average) the volume traded was. You can use this indicator to more readily identify above-average trading volume and accumulation days on charts. The percentage will show up in the top left corner, make sure to click the settings button and uncheck the second box(left of plot) in order to get rid of the chart line.
Pine Script™ indicator
by monkaOMEGA
2
Average Dollar VolumeDollar volume is simply the volume traded multiplied times the cost of the stock. Dollar volume is an extremely important metric for finding stocks with enough liquidity for market makers to position themselves in. Market Liquidity is defined as market's feature whereby an individual or firm can quickly purchase or sell an asset without causing a drastic change in the asset's price. The key concept you want to understand is that these big instructions with billions of dollars need liquidity in a stock in order to even think about buying it, and therefore these institutions will demand a large dollar volume. A good dollar volume amount, that represents a pretty liquid name, is typically above 100 million $ average. Why are institutions important? Simple because they are the ones who make stocks move, and I mean really move. If you want to see large growth from a stock in a short amount of time, you need institutions wielding billions of dollars to be fighting one another to buy more shares. Institutions are the ones who make or break a stock, this is why we call them market makers. My script calculates average dollar volume using four averages: the 50, the 30, the 20, and the 10 period. I use multiple averages in order to provide the accurate and up to date information to you. It then selects the minimum of these averages and divides this value by 1 million and displays this number to you. TL;DR? If you want monster moves from your stocks, you need to pick names with average high liquidity(dollar volume >= $100 million). The number presented to you is in millions of whatever currency the name is traded in.
Pine Script™ indicator
by monkaOMEGA
3
Up/Down Volume RatioUp/Down Volume Ratio is calculated by summing volume on days when it closes up and divide that total by the volume on days when the stock closed down. High volume up days are typically a sign of accumulation(buying) by big players, while down days are signs of distribution(selling) by big market players. The Up Down volume ratio takes this assumption and turns it into a tangible number that's easier for the trader to understand. My formula is calculated using the past 50 periods, be warned it will not display a value for stocks with under 50 periods of trading history. This indicator is great for identify accumulation of growth stocks early on in their moves, most of the time you would like a growth stocks U/D value to be above 2, showing institutional sponsorship of a stock. Up/Down Volume value interpretation: U/D < 1 -> Bearish outlook, as sellers are in control U/D = 1 -> Sellers and Buyers are equal U/D > 1 -> Bullish outlook, as buyers are in control U/D > 2 -> Bullish outlook, significant accumulation underway by market makers U/D >= 3 -> MONSTER STOCK ALERT, market makers can not get enough of this stock and are ravenous to buy more U/D values greater than 2 are rare and typically do not last very long, and U/D >= 3 are extremely rare one example I kind find of a stock's U/D peaking above 3 was Google back in 2005. MAKE SURE TO HIT THE SETTINGS WHEEL AND CHECK THE BOX NEXT TO PLOT IN ORDER TO GET RID OF THE PLOTTED LINE.
Pine Script™ indicator
by monkaOMEGA
6
Relative Strength Line by @iArpanKHello Traders! I'm a Momentum Trader, following the Indian & US markets. Most of us are familiar with the Relative Strength (RS) indicator, popularized by Investor's Business Daily (IBD) and available on their MarketSmith platform. So, here I'm sharing a script that does the same and additionally pops an alert label when the RS line hits a new high (similar to Blue Dot appearance on MarketSmith charts). User Settings Inputs tab Base Symbol : Symbol of the security/index with which you want to compare your current active symbol. Period : Number of days since which you want to scan for a new high (default is 250 days, which approximately pops alerts for new 52 week high in RS). For example, if you want to look for new 10 days high in RS, set the Period to 10. Style tab RS Line : Change color using the palette provided (default is blue). Alert Label : Show/hide alert labels by checking/unchecking the box. Change color using the palette provided. Change alert label symbol. Precision : Default is two decimal places. Can be changed as per requirement. Usage The indicator consists of two components- the Relative Strength (RS) line & alert labels on new RS highs. Relative strength gives a measure of how the underlying security is performing with respect to a base index or security. For example, how is NSE:DIXON performing w.r.t NSE:NIFTY or how is NASDAQ:AAPL performing w.r.t. the TVC:SPX . A rising RS line tells us that the underlying entity is outperforming the base entity. Similarly, a declining RS line shows under-performance of the underlying entity. A new high in RS (especially before a new high in price) often gives valuable information about the underlying security's strength w.r.t. the general market, and can tip us off to a possible breakout in the price in near future. Making RS lists (list of stocks making new high in RS on heavy down days in index) can be very helpful to sort out leaders that are best resisting the decline and are likely to move up aggressively when the market turns favorable. The concept of RS is extensively used by momentum traders and growth stock traders. When used in conjunction with price & volume action, this can be a very powerful tool in your trading arsenal. You can now easily spot RS trends and new highs visually by simply adding this indicator to your chart! Conclusion If you like this script, click on Add to favorite indicators , so that you can easily add this indicator from your favorites tab right away. Thanks!
Pine Script™ indicator
by Arpan_K
77
Volume Buzz 2.0Volume Buzz/Volume Run Rate as seen on TC2000 and MarketSmith respectively. Basically, the volume buzz tells you what percentage over average(100 time period moving average) the volume traded was. You can use this indicator to more readily identify above-average trading volume and accumulation days on charts. The percentage will show up in the top left corner, make sure to click the settings button and uncheck the second box(left of plot) in order to get rid of the chart line. Pictured above, a chart with the volume on the bottom along with the 50-day moving average applied to volume. As you can see in the top left it will tell you the "volume buzz" of that day, telling you what days were on above-average volume and how above-average those days were.
Pine Script™ indicator
by monkaOMEGA
5
wMRS | Weighted-Mansfield Relative Strength - 4CR CUPThis version of Mansfield Relative Strength ( MRS ) weights the MRSs with different lookback periods by adding the weight of 2:1:1:1 to MRS (1Q) : MRS (2Q) : MRS (3Q) : MRS (4Q). Typically, the lookback period of a MRS is reference to a full year, i.e. 260 trading dates or 52 weeks; to better represents the relative strength of a stock to a recent performance, someone suggested to add heavier weight on the most recent quarter MRS , i.e. MR(1Q) and the same weight to other quarters, namely, MRS (2Q), MRS (3Q), MRS (4Q). For some of the stocks you may be interested was IPO not long ago, the lookback period is relaxed for customizing. Once you set the total lookback period, representing the 4Q, in the indicator, the other shorter lookback periods will be auto-calculated, i.e. 1Q, 2Q, 3Q. A simple moving average of the wMRS is also added for your easier analysis on the trend development of the strength.
Pine Script™ indicator
by earnSmartAlgorithm
1
MRS | Mansfield Relative Strength - 4CR CUPThere are many investors referring to Relative Strength (RS) indicator published by Investor’s Business Daily (IBD) for their analysis. Since the RS published by IBD is a proprietary indicator, no exact formulation is published on it. Many discussion suggested that an alternative to the IBD RS is the Mansfield Relative Strength . There are 2 parameters for Mansfield Relative Strength setting, namely the market index and the lookback period, n. the default setting of Mansfield Relative Strength adopted by Stan Weinstein was “SPY” and “52” in weekly chart and “200” in daily chart . Stan Weinstein used the Mansfield Relative Strength indicator on weekly charts. He suggested the breakouts out of a base had to go together with rising relative strength . The Mansfield RS needs to be rising and close to or above 0. This version of Mansfield Relative Strength relaxes these input parameters for your own choice. The market index can be set to other market index, e.g. NDX, DJI, NI255, MOEX , TAIEX , HSI , etc. and the lookback period is relaxed to integral input, e.g. 60, 90, 150, etc. Mansfield Relative Strength The Relative Strength indicator adopted by Stan Weinstein in his book: “Secrets For Profiting in Bull and Bear Markets” is formulated as Mansfield Relative Strength ( MRS ). The formula of this indicator is based on the regular Dorsey RS (DRS): DRS = Price_stock / Price_index MRS = 100 * (DRS_today / sma (DRS, n)) - 1) Where: DRS = Dorsey Relative Strength SMA = Simple moving average over n days. The Mansfield Relative Strength formulates as the change of ratio of DRS to its own n-day moving average, this means: MRS equals to 0 if the DRS is exactly equal to its n day moving average. MRS is negative if the DRS is below its n day moving average. MRS is positive if the DRS is above its n day moving average. Using Mansfield Relative Strength The MRS tells the relative price movement of the stock to the market index in a period of time concern. As with the Dorsey RS , you can use Mansfield RS to examine if a stock performs better than the market. This indicator has the advantage over the Dorsey RS that in Dorsey RS only trend matters while for Mansfield RS the values whether below or above the 0 also matters. This allows us to screen for stocks with a MRS value above 0. When we see that the MRS is far above 0 and has been above 0 for some time, we have found a stock that outperforms the market heavily. We can buy this kinds of stock when dips occur.
Pine Script™ indicator
by earnSmartAlgorithm
RS.ROC | Relative Strength - Rate of Changes - 4CR CUPFor completeness of Relative Strength studies, the Relative Strength based on rate of changes (ROC) with weighting is coded and presented as well. The RS.ROC is similar to the formulation of RS by IBD before rank among all the stocks in the market. The lookback period is relaxed for customizing. Once you set the total lookback period, representing the 4Q, in the indicator, the other shorter lookback periods will be auto-calculated, namely, 1Q, 2Q, 3Q. A simple moving average of the RS.ROC is also added for your easier analysis on the trend development of the strength. To use it later at your charting later, 1. Favorite it; 2. Select from your favorite list.
Pine Script™ indicator
by earnSmartAlgorithm
3
TraderLion's Relative Strength LineRelative Strength Line Introduction The script adds a line/candlestick to your charts that shows how well a stock is acting relative to the Index. We call this Relative Strength Line. Relative Strength ( RS ) separates leading stocks from laggards. Stocks showing RS during a market correction phase will often be the strongest movers once the general market is ready to cooperate. Instructions on How To Add this Script to Your TradingView Charting Platform Step 0: Head over to www.tradingview.com Step 1: Add “TraderLion's Relative Strength Line” to your Favorites by clicking “Add to Favorite Scripts” near the bottom of the page. Step 2: Click “Indicators” at the very top on TradingView. Under Favorites click “Relative Strength Line” Step 3: Hover on the Indicator name ( Relative Strength Line) on your plot under legend and click the three dots at the very right. Under the “Pin To Scale” choose a setting that works best for you (optional). Step 4: Done. You have now plotted the Relative Strength Line Features 1) The Pink Dot symbolizes the RS Line reaching new highs before price. RS New Highs Before Price (RSNHBP) is often indicative of a break out emerging. 2) Direction-Based Relative Strength. The RS Line can be customized to color coat depending on its most recent direction. When the line moves up it will be blue, and on the way down pink. Easily glance and see phases of relative strength on the chart. 3) Raw RS Rating - The RS Line Script features an RS Rating from 1-99 with 99 being the strongest rating. The measures the stock’s performance relative to the Index you input. 3) Custom Index Input under Settings - requested feature! 4) Candlestick Relative Strength - A different unique way to view the Relative Strength Line 5) Alerts Conditions - Relative Strength New Highs and Relative Strength New Highs Before Price (RSNHBP)
Pine Script™ indicator
by TraderLion
182
3 Weeks Tight - CANSLIM Technical Indicator3 Weeks Tight - Introduction 3 weeks tight is a bullish continuation pattern discovered by IBD's founder, William O'Neil. The pattern can used as an opportunity to add to an existing position as it often occurs after a breakout above a cup with handle or other technical pattern. The 3 weeks tight pattern forms when a stock closes within approximately 1% to 1.5% of the prior week's close for at least two weeks. The reason for the bullishness is that it indciates that investors who moved the stock upward in price since the breakout are not taking profits, the price is holding steady. The buy point is just above the area of resistance formed at the highs of the three weeks plus 10 cents. The ten cent addition to the price is to ensure a push through the resistance at the high of the range. Key Points: It's preferred that closes for each week are in the upper half of the stock's range. Ideally, volume will increase significantly as the stocks moves past the buy point. This pattern generally performs best when the market is in an uptrend. Features: A configurable horizontal bar that spans the 3 week period. A vertical band that highlights the tightness pattern. A label to show the buy price after 3 week tight pattern. Optional alert when the 3 weeks tight pattern is recognized.
Pine Script™ indicator
by JohnMuchow
43
Upside ReversalsUpside reversal is noticed when a stock first dips below the prior week's low, then rallies in heavy trade to close either with a gain or with a much-reduced loss. Upside reversal can be identified with following condition: A stock falls in heavy volume but bounces back, ending up for the day or week OR A stock falls in heavy volume but at least it finishes in the upper 60% of its trading range for the day or week Upside reversal can be applied on day or week but if it is on weekly, it is a strong indication that institutions may be pumping money as they think stock is a bargain. This script is the approximate conversion of Richard Moglen's TC2000 scripts in TradingView. Search YouTube for his video on 'Upside Reversal' This indicator, evaluates following conditions and print the arrow down label with percentage of reversal Stoc(1,1) should be higher than 60%; AND today's close is above 60% range; AND today's low is lesser than yesterday; AND Stoc(5,2,1) is lesser than 65 You can change inputs from Stoc(5,2,1) to Stoc(10,4,1) based on your need. NOTE: 1) I still see some false positives so be aware of it. 2) It is absolutely possible to have an Upside reversal on down trend also. Please look for confirmation following day on the trend before act on it. 3) Volume level is not validated in the indicator, so you need to include it in the chart and check it. 4) This is still an experimental script & published for educational purpose only
Pine Script™ indicator
by GreatStockMark
10
Multi Time Frame VolumeThis is a standard Volume indicator with options to allow different configurable daily and weekly MA length. All other chart time frame (besides daily and weekly) will be using the default MA length value. On top of the configurable daily and weekly MA length, a dot is displayed for volume x% > current MA length. This is to indicate institutional buying when volume is above certain %. Default, daily and weekly MA length are configurable. % of increase above the MA length is also configurable. Here are the default value, Default = 20, Daily MA length = 50, Weekly MA length = 10, Institutional Purchase (blue dot) = 40%.
Pine Script™ indicator
by victoryong
6