📊🚀 Introducing the "Median Proximity Percentile" by AlgoAlpha, a dynamic and sophisticated trading indicator designed to enhance your market analysis! This tool efficiently tracks median price proximity over a specified lookback period and finds it's percentile between 2 dynamic standard deviation bands, offering valuable insights for traders looking to make...
Hi Traders ! Gross volume, net lower time frame (LTF) volume and trailing session percentile Cumulative session volume: The code calculates and plots the following volume indicators: Volume (Gross Volume): The total volume for the current bar. Net lower time frame volume: The difference between the buy and sell volumes of the lower time frame. Cumulative...
Greetings Traders, I am thrilled to introduce a game-changing tool that I've passionately developed to enhance your trading precision – the Normalized Fisher Transformed Volume indicator. Let's dive into the specifics and explore how this tool can empower you in the markets. Unlocking Trading Precision: Normalization and Transformation: Normalize raw volume...
The script serves as an indicator designed to assess and visualize trend strength and Volume strength over time. It employs a variety of calculations and conditions to offer insights into both bullish and bearish market trends. Let's explore the key conceptual elements of the code. Trend Strength Conditions: The script defines conditions to assess trend strength...
This code is an advancement of my previous percentile-based trend strength. It follows the same concept, except this code display the trend and trend strength in multiple timeframe (1 min, 5 min, 15 min, 1hr and 4hr). This gives an indication of the trend is evolving and allows to see how short-term trend matches with the long-term trend. How it works: The...
The "Percentile Based Trend Strength" (PBTS) calculates trend strength based on percentile values of high and low prices for various length periods and then identifies the current trend as either Bullish, Bearish, or N/A (No Trend). Here's a step-by-step explanation of the code: Percentile Calculations: For each specified length period (13, 21, 34, 55, 89, and...
This indicator is a visual percentile rank indicator that can display 1 to 5 sources at one time. The options: “Sources” Choose the number of sources you would like to display. The minimum is 1, the maximum is 5. “Label percent position” The label for the current percentage of where the source candle ranks. “Label position” This displays the source/s you’ve...
Description: The Oscillator Profile Indicator (OPI) is designed to provide insights into market trends and potential reversal points by profiling the value distribution of an oscillator or the price chart over a specified lookback period. The OPI works by calculating the Point of Control (PoC) for the oscillator values or prices in the given lookback period....
This project started as an effort to improve the user interface of the hybrid indicator ADX of Vortex, which is, as per the name, a blend of ADX and Vortex Indicator. Plotting both indicators on the same polarity and normalising the vortex, a better interpretation of the interaction between the two is possible, and trend becomes apparent. Basically, the Vortex...
The Focused Average True Range (FATR) is a modified version of the classic Average True Range (ATR) indicator. It is designed to provide traders with more accurate data on volatility, minimizing the impact of sharp spikes in volatility. The main distinction between the Focused ATR and the standard ATR lies in the utilization of percentiles. Instead of calculating...
🔶 OVERVIEW 🔹 This script shows price in a similar style as volume . To accomplish this we use the body of the candle ( close - open ), which is placed on a zero line. This can be useful when comparing volume ~ price . 🔹 3 options are included to show additional lines, to make comparisons easier: · Percentile nearest rank · Bollinger Bands ...
Volume percentrank Volume normalized by percentile. The indicator calculates the percentile of the trading volume . The volume in the base asset or quote asset can be selected as data. To calculate the volume of a quoted asset, the closing price or another standard method for calculating the price of a bar can be used. A feature of percentile calculation with a...
Yo, posting it for the whole internet, took the whole day to find / to design the actual working solution for weighted percentile 'nearest rank' algorithm, almost no reliable info online and a lot of library-style/textbook-style solutions that don't provide on real world production level. The principle: 0) initial data data = 22, 33, 11, 44, 55 weights = 5 ...
This script will continuously draw a boxplot to represent quartiles associated with data points in the current rolling window. Description : A quartile is a statistical term that refers to the division of a dataset based on percentiles. Q1 : Quartile 1 - 25th percentile Q2 : Quartile 2 - 50th percentile, as known as the median Q3 : Quartile 3 - 75th...
The Heikin Ashi Volatility Percentile (HAVP) Oscillator was inspired by the legendary Bollinger Band Width Percentile indicator(known as BBWP), written by Caretaker, and made famous by Eric Krown, a famous influencer. This script borrows aspects of the BBWP indicator which enables the HAVP oscillator to visually match the look and feel of BBWP and allows similar...
Not quite the usual approach to plotting targets on the chart, where the price will come with a given probability. The indicator draws targets by studying the ATR of the target timeframe. More precisely, this is not exactly an ATR - the price move is taken from the closing price of the previous bar and is calculated both up and down separately. The settings...
This indicator is a powerful tool for understanding how big of a move a product, crypto, or currency has recently had. Anything inside of the green bars is a standard move with a 68% chance of happening based on your chart timeframe. Any move that touches the red lines to the upside or downside has a 2%+ chance of happening in either direction. This is a...
This is a modification of my Rate of Change Percentile script, used to compare the current ticker (e.g. Altcoins) to BTC. Essentially we are looking at (Current Ticker ROC percentile) vs (Bitcoin ROC percentile). In other words, we are using the ROC value of both the current ticker and BTC, and ranking each based on their previous ROC. We compare the...