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VIX Near-Term Futures CurveThis indicator provides a 3 day smoothed histogram expressing whether the near term VIX futures curve is in a state of contango or backwardation. The solid red/green bars express the spot vs front-month vs next month curve with the value being the cumulative point spread between them. The shaded overlay bars express the spread between the VIX spot index and front-month futures contract only. This indicator is to be used on a 1 DAY interval or higher.
Pine Script® indicator
by iamroot
2
BTC Coinbase PremiumThis script is base on another script by oh 92. It basically shows you where the price of Bitcoin (in USD) on Coinbase trades at a premium against an average of several futures exchanges. Coinbase premium shows spot interest on bitcoin which happens either when futures are shorting heavily but spot holds the price up (often bullish especially when price is at a support level). Negative premium shows that futures are leading price during an uptrend or spot is leading price during a downtrend. Strong positive premium is often considered bullish. Strong negative premium is often considered bearish even if price goes up. The histogramm coinbase premium vs an average of several futures exchanges (Bitmex, Bitfinex, Binance, FTX, Phemex and Bitstamp). The line diagramm shows coinbase premium vs Bybit. In contrast to the script by oh92 this script uses different exchages (especially Bybit as a lot of former Bitmex traders changed to Bybit during september and october 2020). All values are in percent because differences in USD only are not suitable for historic prices. This means if CB-premium is -0.1 then futures trade 0.1% lower than coinbase.
Pine Script® indicator
by the_cryptonian
4
GBTC & BTCE Premium Indicator- This indicator illustrates the premium of GBTC and the European equivalent, BTCE. Relative to the spot price of Bitcoin - It represents the premium investors are willing to pay to be able to gain exposure to Bitcoin . Whilst holding them in an investment vehicle such as a 401k or an ISA. - The premiums can be plotted. GBTC vs BTCUSD and BTCE vs BTCEUR OR - The "real price" of BTCUSD , GBTC and BTCE (denominated in USD) can be plotted against each other
Pine Script® indicator
by Pinnacle_Investor
2
Probability: Bull/Bear Dominance | Ratio | Bar CountIntro What's the probability of the next bar being red? How about green? Well, there are many ways to quantify the probability but I am presenting just one stupidly simple (but generally accurate) way to measure it. Strangely... no one has done this before that I can find. I try to check if someone else has done it first (Pro Tip: Plz do this. We honestly don't need the 5 trillionth "MTF MAs" script.) Indicator Its a basic counting script, but the nice thing about this script is you choose the time range. It starts counting from a specified point of your choosing. It counts up the bull bars and bear bars separately. Bull Bar = Close > Open Bear Bar = Open > Close You can look at them in sum or as a ratio of Green Bars : Red Bars I know, it's almost too simple. But, here's some interesting food for thought from a layman to fellow laymen. Analysis/Edge Between the time of candle open and candle close, the price can do one of three things, close higher, close lower, or close equal to. 'Equal to' is rare on higher timeframes in liquid markets and it provides no useful information. Thus, we'll nix it for purposes of this conversation. So boil it down. The next candle is going to be a red candle or a green candle. It is popular to refer to the general probability of most candles as 50/50, with trader's mission in life being to seek an edge that tilts the probabilities slightly in their favor. The truth is the odds are probably never actually 50/50, but knowing the precisely correct probability is unknowable, just like the accuracy of a weather forecast is inherently unknowable. What we're trying to do as traders is develop systems that give us predictive probabilistic outcomes that correspond with future realities based on various ways of measuring the market (most often heavily dependent on the past). The reality is that the market can be measured in many, many different ways. The important thing is that you measure it in a way that is accurate, relevant, and universally applicable. So look at this indicator here: You start from a point in time on a chosen timeframe and you put red bars in the red column, green in the green column, and count them all up. Then you make a ratio, in this case, Green : Red. What the ratio shows you is the percentage of green bars compared to red bars . At the time of this screenshot, the 4h on the SPX starting from the 2020 bottom is showing a ratio of 1.2. This means there have been 20% more green bars than there have been red bars. Now there are 1,000 directions you can take this discussion. What is the overall volatility picture, the size of the red bars vs the green bars, what happens if you miss out on the 5 biggest green bars... so many more variables that you would need to take into account to develop a true edge from this idea. But, the bottom line fact (which is what I like about this) is that we can take this data and say with a certain level of confidence that on the SPX you have a 20% better shot at making money (otherwise stated there's a 60/40 chance) if you open a LONG trade at the beginning of a 4h candle than if you open a short. That's useful information. One could argue that it's not a complete strategy in and of itself (although I bet it could be with a couple of additional parameters). But I can tell you, based on the 4h candles in the 2020 rally if you open a short, the deck is stacked against you from this perspective. And we can actually somewhat demonstrate this to be true for our dataset because we can look at the price history and see who likely made more money. The SPX is up 1000pts off the bottom. So, thus far, for this dataset, it rings true; Bulls have been doing way better in the latter part of 2020 than the bears. Conclusion Predictive systems with a small number of variables tend to be more robust than a system with many variables when applied to a complex system. I may keep updating this script if people like it and determine aspects like population vs sample size, confidence intervals, volatility, and exclusion of outliers. For now, this is just an opening foray into the basic idea of how we can establish an edge in the markets. It really can be this simple. Thanks for Reading.
Pine Script® indicator
by kurtsmock
9
Bar Balance [LucF]Bar Balance extracts the number of up, down and neutral intrabars contained in each chart bar, revealing information on the strength of price movement. It can display stacked columns representing raw up/down/neutral intrabar counts, or an up/down balance line which can be calculated and visualized in many different ways. WARNING: This is an analysis tool that works on historical bars only. It does not show any realtime information, and thus cannot be used to issue alerts or for automated trading. When realtime bars elapse, the indicator will require a browser refresh, a change to its Inputs or to the chart's timeframe/symbol to recalculate and display information on those elapsed bars. Once a trader understands this, the indicator can be used advantageously to make discretionary trading decisions. Traders used to work with my  Delta Volume Columns Pro  will feel right at home in this indicator's Inputs . It has lots of options, allowing it to be used in many different ways. If you value the bar balance information this indicator mines, I hope you will find the time required to master the use of Bar Balance well worth the investment. █  OVERVIEW The indicator has two modes: Columns and Line . Columns • In Columns mode you can display stacked Up/Down/Neutral columns. • The "Up" section represents the count of intrabars where `close > open`, "Down" where `close < open` and "Neutral" where `close = open`. • The Up section always appears above the centerline, the Down section below. The Neutral section overlaps the centerline, split halfway above and below it.  The Up and Down sections start where the Neutral section ends, when there is one. • The Up and Down sections can be colored independently using 7 different methods. • The signal line plotted in Line mode can also be displayed in Columns mode. Line • Displays a single balance line using a zero centerline. • A variable number of independent methods can be used to calculate the line (6), determine its color (5), and color the fill (5).  You can thus evaluate the state of 3 different components with this single line. • A "Divergence Levels" feature will use the line to automatically draw expanding levels on divergence events. Features available in both modes • The color of all components can be selected from 15 base colors, with 16 gradient levels used for each base color in the indicator's gradients. • A zero line can show a 6-state aggregate value of the three main volume balance modes. • The background can be colored using any of 5 different methods. • Chart bars can be colored using 5 different methods. • Divergence and large neutral count ratio events can be shown in either Columns or Line mode, calculated in one of 4 different methods. • Markers on 6 different conditions can be displayed. █  CONCEPTS Intrabar inspection Intrabar inspection means the indicator looks at lower timeframe bars ( intrabars ) making up a given chart bar to gather its information. If your chart is on a 1-hour timeframe and the intrabar resolution determined by the indicator is 5 minutes, then 12 intrabars will be analyzed for each chart bar and the count of up/down/neutral intrabars among those will be tallied. Bar Balances and calculation methods The indicator uses a variety of methods to evaluate bar balance and to derive other calculations from them: 1. Balance on Bar : Uses the relative importance of instant Up and Down counts on the bar. 2. Balance Averages : Uses the difference between the EMAs of Up and Down counts. 3. Balance Momentum : Starts by calculating, separately for both Up and Down counts, the difference between the same EMAs used in Balance Averages and an SMA of double the period used for the EMAs. These differences are then aggregated and finally, a bounded momentum of that aggregate is calculated using RSI. 4. Markers Bias : It sums the bull/bear occurrences of the four previous markers over a user-defined period (the default is 14). 5. Combined Balances : This is the aggregate of the instant bull/bear bias of the three main bar balances. 6. Dual Up/Down Averages : This is a display mode showing the EMA calculated for each of the Up and Down counts. Interpretation of neutral intrabars What do neutral intrabars mean? When price does not change during a bar, it can be because there is simply no interest in the market, or because of a perfect balance between buyers and sellers. The latter being more improbable, Bar Balance assumes that neutral bars reveal a lack of interest, which entails uncertainty. That is the reason why the option is provided to interpret ratios of neutral intrabars greater than 50% as divergences. It is also the rationale behind the option to dampen signal lines on the inverse ratio of neutral intrabars, so that zero intrabars do not affect the signal, and progressively larger proportions of neutral intrabars will reduce the signal's amplitude, as the balance calcs using the up/down counts lose significance. The impact of the dampening will vary with markets. Weaker markets such as cryptos will often contain greater numbers of neutral intrabars, so dampening the Line in that sector will have a greater impact than in more liquid markets. █  FEATURES 1 — Columns • While the size of the Up/Down columns always represents their respective importance on the bar, their coloring mode is independent. The default setup uses a standard coloring mode where the Up/Down columns over/under the zero line are always in the bull/bear color with a higher intensity for the winning side. Six other coloring modes allow you to pack more information in the columns. When choosing to color the top columns using a bull/bear gradient on Balance Averages, for example, you will end up with bull/bear colored tops. In order for the color of the bottom columns to continue to show the instant bar balance, you can then choose the "Up/Down Ratio on Bar — Dual Solid Colors" coloring mode to make those bars the color of the winning side for that bar. • Line mode shows only the line, but Columns mode allows displaying the line along with it. If the scale of the line is different than that of the scale of the columns, the line will often appear flat. Traders may find even a flat line useful as its bull/bear colors will be easily distinguishable. 2 — Line • The default setup for Line mode uses a calculation on "Balance Momentum", with a fill on the longer-term "Balance Averages" and a line color based on the "Markers Bias". With the background set on "Line vs Divergence Levels" and the zero line on the hard-coded "Combined Bar Balances", you have access to five distinct sources of information at a glance, to which you can add divergences, divergences levels and chart bar coloring. This provides powerful potential in displaying bar balance information. • When no columns are displayed, Line mode can show the full scale of whichever line you choose to calculate because the columns' scale no longer interferes with the line's scale. • Note that when "Balance on Bar" is selected, the Neutral count is also displayed as a ratio of the balance line. This is the only instance where the Neutral count is displayed in Line mode. • The "Dual Up/Down Averages" is an exception as it displays two lines: one average for the Up counts and another for the Down counts. This mode will be most useful when Columns are also displayed, as it provides a reference for the top and bottom columns. 3 — Zero Line The zero line can be colored using two methods, both based on the Combined Balances, i.e., the aggregate of the instant bull/bear bias of the three main bar balances. • In "Six-state Dual Color Gradient" mode, a dot appears on every bar. Its color reflects the bull/bear state of the Combined Balances, and the dot's brightness reflects the tally of balance biases. • In "Dual Solid Colors (All Bull/All Bear Only)" a dot only appears when all three balances are either bullish or bearish. The resulting pattern is identical to that of Marker 1. 4 — Divergences • Divergences are displayed as a small circle at the top of the scale. Four different types of divergence events can be detected. Divergences occur whenever the bull/bear bias of the method used diverges with the bar's price direction. • An option allows you to include in divergence events instances where the count of neutral intrabars exceeds 50% of the total intrabar count. • The divergence levels are dynamic levels that automatically build from the line's values on divergence events. On consecutive divergences, the levels will expand, creating a channel. This implementation of the divergence levels corresponds to my view that divergences indicate anomalies, hesitations, points of uncertainty if you will. It excludes any association of a pre-determined bullish/bearish bias to divergences. Accordingly, the levels merely take note of divergence events and mark those points in time with levels. Traders then have a reference point from which they can evaluate further movement. The bull/bear/neutral colors used to plot the levels are also congruent with this view in that they are determined by price's position relative to the levels, which is how I think divergences can be put to the most effective use. 5 — Background • The background can show a bull/bear gradient on four different calculations. You can adjust its brightness to make its visual importance proportional to how you use it in your analysis. 6 — Chart bars • Chart bars can be colored using five different methods. • You have the option of emptying the body of bars where volume does not increase, as does my TLD indicator, the idea behind this being that movement on bars where volume does not increase is less relevant. 7 — Intrabar Resolution You can choose between three modes. Two of them are automatic and one is manual:   a) Fast, Longer history, Auto-Steps (~12 intrabars) : Optimized for speed and deeper history. Uses an average minimum of 12 intrabars.   b) More Precise, Shorter History Auto-Steps (~24 intrabars) : Uses finer intrabar resolution. It is slower and provides less history. Uses an average minimum of 24 intrabars.   c) Fixed : Uses the fixed resolution of your choice. Auto-Steps calculations vary for 24/7 and conventional markets in order to achieve the proper target of minimum intrabars. You can choose to view the intrabar resolution currently used to calculate delta volume. It is the default. The proper selection of the intrabar resolution is important. It must achieve maximal granularity to produce precise results while not unduly slowing down calculations, or worse, causing runtime errors. 8 — Markers Six markers are available: 1. Combined Balances Agreement : All three Bar Balances are either bullish or bearish. 2. Up or Down % Agrees With Bar : An up marker will appear when the percentage of up intrabars in an up chart bar is greater than the specified percentage. Conditions mirror to down bars. 3. Divergence confirmations By Price : One of the four types of balance calculations can be used to detect divergences with price. Confirmations occur when the bar following the divergence confirms the balance bias. Note that the divergence events used here do not include neutral intrabar events. 4. Balance Transitions : Bull/bear transitions of the selected balance. 5. Markers Bias Transitions : Bull/bear transitions of the Markers Bias. 6. Divergence Confirmations By Line : Marks points where the line first breaches a divergence level. Markers appear when the condition is detected, without delay. Since nothing is plotted in realtime, markers do not appear on the realtime bar. 9 — Settings • Two modes can be selected to dampen the line on the ratio of neutral intrabars. • A distinct weight can be attributed to the count of the latter half of intrabars, on the assumption that later intrabars may be more important in determining the outcome of chart bars. • Allows control over the periods of the different moving averages used in calculations. • The default periods used for the various calculations define the following hierarchy from slow to fast:   Balance Averages: 50,   Balance Momentum: 20,   Dual Up/Down Averages: 20,   Marker Bias: 10. █  LIMITATIONS • This script uses a special characteristic of the `security()` function allowing the inspection of intrabars—which is not officially supported by TradingView. • The method used does not work on the realtime bar—only on historical bars. • The indicator only works on some chart resolutions: 3, 5, 10, 15 and 30 minutes, 1, 2, 4, 6, and 12 hours, 1 day, 1 week and 1 month. The script’s code can be modified to run on other resolutions, but chart resolutions must be divisible by the lower resolution used for intrabars and the stepping mechanism could require adaptation. • When using the "Line vs Divergence Levels — Dual Color Gradient" color mode to fill the line, background or chart bars, keep in mind that a line calculation mode must be defined for it to work, as it determines gradients on the movement of the line relative to divergence levels. If the line is hidden, it will not work. • When the difference between the chart’s resolution and the intrabar resolution is too great, runtime errors will occur. The Auto-Steps selection mechanisms should avoid this. • Alerts do not work reliably when `security()` is used at intrabar resolutions. Accordingly, no alerts are configured in the indicator. • The color model used in the indicator provides for fancy visuals that come at a price; when you change values in Inputs , it can take 20 seconds for the changes to materialize. Luckily, once your color setup is complete, the color model does not have a large performance impact, as in normal operation the `security()` calls will become the most important factor in determining response time. Also, once in a while a runtime error will occur when you change inputs. Just making another change will usually bring the indicator back up. █  RAMBLINGS Is this thing useful? I'll let you decide. Bar Balance acts somewhat like an X-Ray on bars. The intrabars it analyzes are no secret; one can simply change the chart's resolution to see the same intrabars the indicator uses. What the indicator brings to traders is the precise count of up/down/neutral intrabars and, more importantly, the calculations it derives from them to present the information in a way that can make it easier to use in trading decisions. How reliable is Bar Balance information? By the same token that an up bar does not guarantee that more up bars will follow, future price movements cannot be inferred from the mere count of up/down/neutral intrabars. Price movement during any chart bar for which, let's say, 12 intrabars are analyzed, could be due to only one of those intrabars. One can thus easily see how only relying on bar balance information could be very misleading. The rationale behind Bar Balance is that when the information mined for multiple chart bars is aggregated, it can provide insight into the history behind chart bars, and thus some bias as to the strength of movements. An up chart bar where 11/12 intrabars are also up is assumed to be stronger than the same up bar where only 2/12 intrabars are up. This logic is not bulletproof, and sometimes Bar Balance will stray. Also, keep in mind that balance lines do not represent price momentum as RSI would. Bar Balance calculations have no idea where price is. Their perspective, like that of any historian, is very limited, constrained that it is to the narrow universe of up/down/neutral intrabar counts. You will thus see instances where price is moving up while Balance Momentum, for example, is moving down. When Bar Balance performs as intended, this indicates that the rally is weakening, which does necessarily imply that price will reverse. Occasionally, price will merrily continue to advance on weakening strength. Divergences Most of the divergence detection methods used here rely on a difference between the bias of a calculation involving a multi-bar average and a given bar's price direction. When using "Bar Balance on Bar" however, only the bar's balance and price movement are used. This is the default mode. As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. I do not share the overwhelming enthusiasm traders have for the purported ability of bullish/bearish divergences to indicate imminent reversals. Superfluity In "The Bed of Procrustes", Nassim Nicholas Taleb writes: To bankrupt a fool, give him information . Bar Balance can display lots of information. While learning to use a new indicator inevitably requires an adaptation period where we put it through its paces and try out all its options, once you have become used to Bar Balance and decide to adopt it, rigorously eliminate the components you don't use and configure the remaining ones so their visual prominence reflects their relative importance in your analysis. I tried to provide flexible options for traders to control this indicator's visuals for that exact reason—not for window dressing. █  NOTES For traders • To avoid misleading traders who don't read script descriptions, the indicator shows nothing in the realtime bar. • The Data Window shows key values for the indicator. • All gradients used in this indicator determine their brightness intensities using advances/declines in the signal—not their relative position in a fixed scale. • Note that because of the way gradients are optimized internally, changing their brightness will sometimes require bringing down the value a few steps before you see an impact. • Because this indicator does not use volume, it will work on all markets. For coders • For those interested in gradients, this script uses an advanced version of the Advance/Decline gradient function from the PineCoders Color Gradient (16 colors) Framework . It allows more precise control over the range, steps and min/max values of the gradients. • I use the PineCoders Coding Conventions for Pine to write my scripts. • I used functions modified from the PineCoders MTF Selection Framework for the selection of timeframes. █  THANKS TO: — alexgrover who helped me think through the dampening method used to attenuate signal lines on high ratios of neutral intrabars. — A guy called Kuan who commented on a Backtest Rookies presentation of their Volume Profile indicator . The technique I use to inspect intrabars is derived from Kuan's code. — theheirophant , my partner in the exploration of the sometimes weird abysses of `security()`’s behavior at intrabar resolutions. — midtownsk8rguy , my brilliant companion in mining the depths of Pine graphics. He is also the co-author of the PineCoders Color Gradient Frameworks .
Pine Script® indicator
by LucF
29
RedK_Directional Index / K xDMIHere's a modern take on the famous DMI/ADX. i first wrote this on another platform few years ago, so i'm happy to be able to share it on TradingView quick refresher: what does DMI/ADX tell us: ------------------------------------------------------ in simple terms, at the core of this indicator, there are 3 main calculations / lines: the Plus Directional Index ( +DI ) which represents how much the bulls are able to push the high of a bar compared to previous one, the Minus Directional Index ( -DI ), showing how much the bears are able to push the low of a bar from previous one, then the Average Directional index ( ADX ) line, which creates an oscillator of the +DI and -DI to represent the strength of a trend -- usually the lines will be colored accordingly (bulls = green, bears = red, and any different color for the ADX ) Similar to my version of the RSI , we take a classic concept, then use the computing and visualization "super powers" available to us today, to extend and improve on what those masters created in the past. I guess they sort of expected us to do exactly that :) this "extended" version of DMI/ADX provides couple of highly needed features (in my opinion) -- let's explore: trying as much as possible to avoid jargon - pls forgive me if i failed in some places. ------------------------------------------------------------------------------------------------- 1 - the big change: the ability to visualize the ADX in a way that makes some more sense. - the original calculation restricted the ADX to oscillate below zero - i'm sure they had a good reason to build it that way in the past - but to me, it becomes super hard to interpret what the ADX line means, especially when a negative trend (the bears) take over. by removing that restriction and allowing the ADX to oscillate up or down (and we're free to do that, so the indicator shows *us* what *we need* to see), we end up with an improved representation of the trend and the trend strength. - also the original calculation applies a moving average (default 14 bars) of a moving average (another 14 of the Directional Indexes, which represent the strength of bulls vs bears) to calculate the ADX - that makes the ADX very "removed" from the base price values - i change that, and just smooth the initial +Di / -Di then calculate the ADX from there. again, this shows me the outcome of the (relatively) immediate moves. 2 - i use weighted average WMA () in all my averaging calculations .. i believe this type of average is the best to express the importance of recent days / bars vs the ones further in the past, compared to other averaging techniques 3 - ability to make the DMI volume-weighted .. but contrary to my RSI , this is not set by default. 4 - couple of options to view the unrestricted ADX (as an area or as histogram/columns .. which i call Vertical Bars) for improved visualization other stuff: 5 - a "step" option for the ADX .. you can set the step option to an increment of, say 5 or 10. this is in case you prefer to see the trend more in "quality" terms - so the equivalent of weak, medium, strong, v. strong...etc -- since in reality, a number like 47.7683 doesn't really mean anything specific 6 - optional "strong trend" adjustable level Settings & usage suggestion: ----------------------------------- i prefer to use the defaults (length = 7, smoothing = 3, ..etc) -- i believe these are more suitable to the much faster trading that we have now. you can review the comparison chart and see if this works for you, and adjust as you need. from a "signal" standpoint, you can use the xDMI as you use the classic DMI/ADX, bulls (or bears) are in control when the corresponding DI line crosses the other going up, *AND* moving above the "strong trend" level that you can set as an extra filter (usually a value between 20 to 30), while ADX will show the quality/strength of the trend. i suggest you also utilize this indicator with other trend / momentum confirmation methods, and additional analysis and not in isolation - as well as inspecting the prevailing / longer time frame to ensure you're acting in the direction of the broader move / trend. the above chart includes a side-by-side comparison between our new xDMI with the classic DMI/ADX using the same settings - then we add at the bottom panel also the xDMI, but with my default (faster) settings and showing other visualization options that can be utilized - the Moving Averages on the top / price panel is just to help put the price movement into perspective in terms of trend and trend strength. The code is open and commented - please feel free to use, share, comment & provide feedback. if you're a DMI fan, and you find this useful in your trading, i would be more than happy to hear about it Good luck!
Pine Script® indicator
by RedKTrader
7
BEST Engulfing + Breakout StrategyHello traders This is a simple algorithm for a Tradingview strategy tracking a convergence of 2 unrelated indicators. Convergence is the solution to my trading problems. It's a puzzle with infinite possibilities and only a few working combinations. Here's one that I like - Engulfing pattern - Price vs Moving average for detecting a breakout Definition Take out the notebooks :) and some coffee (good for focus). I'm bullish in coffee The engulfing pattern is a two-candle reversal pattern. The second candle completely ‘engulfs’ the real body of the first one, without regard to the length of the tail shadows. The bullish Engulfing pattern appears in a downtrend and is a combination of one red candle followed by a larger green candle The bearish Engulfing pattern appears in a downtrend and is a combination of one green candle followed by a larger red candle Example: imgur.com We're bored sir... what's the point of all this? In summary, an engulfing is a pattern to track reversals. (the whole TradingView audience stands up now giving a standing ovation) Adding the Price vs Moving average filters allows to track reversals with momentums (half of the audience collapsed because this is too awesome) Ok sir... you picked up my interest I included some cool backtest filters: - date range filtering - flexible take profit in USD value (plotted in blue) - flexible stop loss in USD value (plotted in red) All the best Dave
Pine Script® strategy
by Daveatt
21
Premium/Discount (Input)Used to show Contango or Backwardation in futures contracts vs spot price. You can input your own tickers so can technically can be used to compare anything. * In this example I'm showing Okex Quarterly contract vs Okex spot index price because it showcases it better. * If you are using this after 2019 the default setting will not work because I set it to Bitmex which does not currently have a "current contract in front" ticker available. It should be fairly self explanatory, but just ask below if you have any questions.
Pine Script® indicator
by Plumptoiletduck
8
Volume Profile Free Ultra SLI (100 Levels Value Area VWAP) - RRBVolume Profile Free Ultra SLI by RagingRocketBull 2019 Version 1.0 This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 100 horizontal bars. This is basically the MAX SLI version with +50 more Pinescript v4 line objects added as levels. It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels. Free accounts can't access Standard TradingView Volume Profile, hence this indicator. There are several versions: Free Pro, Free MAX SLI, Free Ultra SLI, Free History. This is the Free Ultra SLI version. The Differences are listed below: - Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming - Free MAX SLI: 50 levels, 2x SLI modes for Buy/Sell or even higher res 150 levels - Free Ultra SLI: 100 levels, packed to the limit, 2x SLI modes for Buy/Sell or even higher res 300 levels - Free History: auto highest/lowest, historic poc/va levels for each session Features: - High-Res Volume Profile with up to 100 levels (line implementation) - 2x SLI modes for even higher res: 300 levels with 3x vertical SLI, 100 buy/sell levels with 2x horiz SLI - Calculate Volume Profile on full history - POC, Developing POC Levels - Buy/Sell/Total volume modes - Side Cover - Value Area, VAH/VAL dynamic levels - VWAP High/Low dynamic levels with Source, Length, StdDev as params - Show/Hide all levels - Dim Non Value Area Zones - Custom Range with Highlighting - 3 Anchor points for Volume Profile - Flip Levels Horizontally - Adjustable width, offset and spacing of levels - Custom Color for POC/VA/VWAP levels, Transparency for buy/sell levels WARNING: - Compilation Time: 1 min 20 sec Usage: - specify max_level/min_level/spacing (required) - select range (start_bar, range length), confirm with range highlighting - select volume type: Buy/Sell/Total - select mode Value Area/VWAP to show corresponding levels - flip/select anchor point to position the buy/sell levels - use Horiz Buy/Sell SLI mode with 100 or Vertical SLI with 300 levels if needed - use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day. SLI: use SLI modes to extend the functionality of the indicator: - Horiz Buy/Sell 2x SLI lets you view 100 Buy/Sell Levels at the same time - Vertical Max_Vol 3x SLI lets you increase the resolution to 300 levels - you need at least 2 instances of the indicator attached to the same chart for SLI to work 1) Enable Horiz SLI: - attach 2 indicator instances to the chart - make sure all instances have the same min_level/max_level/range/spacing settings - select volume type for each instance: you can have a buy/sell or buy/total or sell/total SLI. Make sure your buy volume instance is the last attached to be displayed on top of sell/total instances without overlapping. - set buy_sell_sli_mode to true for indicator instances with volume_type = buy/sell, for type total this is optional. - this basically tells the script to calculate % lengths based on total volume instead of individual buy/sell volumes and use ext offset for sell levels - Sell Offset is calculated relative to Buy Offset to stack/extend sell after buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length - there are no master/slave instances in this mode, all indicators are equal, poc/va levels are not affected and can work independently, i.e. one instance can show va levels, another - vwap. 2) Enable Vertical SLI: - attach the first instance and evaluate the full range to roughly determine where is the highest max_vol/poc level i.e. 0..20000, poc is in the bottom half (third, middle etc) or - add more instances and split the full vertical range between them, i.e. set min_level/max_level of each corresponding instance to 0..10000, 10000..20000 etc - make sure all instances have the same range/spacing settings - an instance with a subrange containing the poc level of the full range is now your master instance (bottom half). All other instances are slaves, their levels will be calculated based on the max_vol/poc of the master instance instead of local values - set show_max_vol_sli to true for the master instance. for slave instances this is optional and can be used to check if master/slave max_vol values match and slave can read the master's value. This simply plots the max_vol value - you can also attach all instances and set show_max_vol_sli to true in all of them - the instance with the largest max_vol should become the master Auto/Manual Ext Max_Vol Modes: - for auto vertical max_vol SLI mode set max_vol_sli_src in all slave instances to the max_vol of the master indicator: "VolumeProfileFree_MAX_RRB: Max Volume for Vertical SLI Mode". It can be tricky with 2+ instances - in case auto SLI mode doesn't work - assign max_vol_sli_ext in all slave instances the max_vol value of the master indicator manually and repeat on each change - manual override max_vol_sli_ext has higher priority than auto max_vol_sli_src when both values are assigned, when they are 0 and close respectively - SLI is disabled - master/slave max_vol values must match on each bar at all times to maintain proper level scale, otherwise slave's levels will look larger than they should relative to the master's levels. - Max_vol (red) is the last param in the long list of indicator outputs - the only true max_vol/poc in this SLI mode is the master's max_vol/poc. All poc/va levels in slaves will be irrelevant and are disabled automatically. Slaves can only show VWAP levels. - VA Levels of the master instance in this SLI mode are calculated based on the subrange, not the whole range and may be inaccurate. Cross check with the full range. WARNING! - auto mode max_vol_sli_src is experimental and may not work as expected - you can only assign auto mode max_vol_sli_src = max_vol once due to some bug with unhandled exception/buffer overflow in Tradingview. Seems that you can clear the value only by removing the indicator instance - sometimes you may see a "study in error state" error when attempting to set it back to close. Remove indicator/Reload chart and start from scratch - volume profile may not finish to redraw and freeze in an ugly shape after an UI parameter change when max_vol_sli_src is assigned a max_vol value. Assign it to close - VP should redraw properly, but it may not clear the assigned max_vol value - you can't seem to be able to assign a proper auto max_vol value to the 3rd slave instance - 2x Vertical SLI works and tested in both auto/manual, 3x SLI - only manual seems to work (you can have a mixed mode: 2nd instance - auto, 3rd - manual) Notes: - This code uses Pinescript v3 compatibility framework - This code is 20x-30x faster (main for cycle is removed) especially on lower tfs with long history - only 4-5 sec load/redraw time vs 30-60 sec of the old Pro versions - Instead of repeatedly calculating the total sum of volumes for the whole range on each bar, vol sums are now increased on each bar and passed to the next in the range making it a per range vs per bar calculation that reduces time dramatically - 100 levels consist of 50 main plot levels and 50 line objects used as alternate levels, differences are: - line objects are always shown on top of other objects, such as plot levels, zero line and side cover, it's not possible to cover/move them below. - all line objects have variable lengths, use actual x,y coords and don't need side cover, while all plot levels have a fixed length of 100 bars, use offset and require cover. - all key properties of line objects, such as x,y coords, color can be modified, objects can be moved/deleted, while this is not possible for static plot levels. - large width values cause line objects to expand only up/down from center while their length remains the same and stays within the level's start/end points similar to an area style. - large width values make plot levels expand in all directions (both h/v), beyond level start/end points, sometimes overlapping zero line, making them an inaccurate % length representation, as opposed to line objects/plot levels with area style. - large width values translate into different widths on screen for line objects and plot levels. - you can't compensate for this unwanted horiz width expansion of plot levels because width uses its own units, that don't translate into bars/pixels. - line objects are visible only when num_levels > 50, plot levels are used otherwise - Since line objects are lines, plot levels also use style line because other style implementations will break the symmetry/spacing between levels. - if you don't see a volume profile check range settings: min_level/max_level and spacing, set spacing to 0 (or adjust accordingly based on the symbol's precision, i.e. 0.00001) - you can view either of Buy/Sell/Total volumes, but you can't display Buy/Sell levels at the same time using a single instance (this would 2x reduce the number of levels). Use 2 indicator instances in horiz buy/sell sli mode for that. - Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed length. Offsets control visible level parts. Side Cover hides the invisible parts. - Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option - Custom Width - UI Style supports only width <= 4, hence this additional option - POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs - You can't change buy/sell level colors from input (only transparency) - this requires 2x plot outputs => 2x reduces the number of levels to fit the max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones - You can change level transparency of line objects. Due to Pinescript limitations, only discrete values are supported. - Inverse transp correlation creates the necessary illusion of "covered" line objects, although they are shown on top of the cover all the time - If custom lines_transp is set the illusion will break because transp range can't be skewed easily (i.e. transp 0..100 is always mapped to 100..0 and can't be mapped to 50..0) - transparency can applied to lines dynamically but nva top zone can't be completely removed because plot/mixed type of levels are still used when num_levels < 50 and require cover - transparency can't be applied to plot levels dynamically from script this can be done only once from UI, and you can't change plot color for the past length bars - All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input to change it - Range selection/Anchoring is not accurate on charts with time gaps since you can only anchor from a point in the future and measure distance in time periods, not actual bars, and there's no way of knowing the number of future gaps in advance. - Adjust Width for Log Scale mode now also works on high precision charts with small prices (i.e. 0.00001) - in Adjust Width for Log Scale mode Level1 width extremes can be capped using max deviation (when level1 = 0, shift = 0 width becomes infinite) - There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume P.S. I am your grandfather, Luke! Now, join the Dark Side in your father's steps or be destroyed! Once more the Sith will rule the Galaxy, and we shall have peace...
Pine Script® indicator
by RagingRocketBull
112
Volume Profile Free MAX SLI (50 Levels Value Area VWAP) by RRBVolume Profile Free MAX SLI by RagingRocketBull 2019 Version 1.0 All available Volume Profile Free MAX SLI versions are listed below (They are very similar and I don't want to publish them as separate indicators): ver 1.0: style columns implementation ver 2.0: style histogram implementation ver 3.0: style line implementation This indicator calculates Volume Profile for a given range and shows it as a histogram consisting of 50 horizontal bars. It can also show Point of Control (POC), Developing POC, Value Area/VWAP StdDev High/Low as dynamically moving levels. Free accounts can't access Standard TradingView Volume Profile, hence this indicator. There are several versions: Free Pro, Free MAX SLI, Free History. This is the Free MAX SLI version. The Differences are listed below: - Free Pro: 25 levels, +Developing POC, Value Area/VWAP High/Low Levels, Above/Below Area Dimming - Free MAX SLI: 50 levels, packed to the limit, 2x SLI modes for Buy/Sell or even higher res 150 levels - Free History: auto highest/lowest, historic poc/va levels for each session Features: - High-Res Volume Profile with up to 50 levels (3 implementations) - 20-30x faster than the old Pro versions especially on lower tfs with long history - 2x SLI modes for even higher res: 150 levels with 3x vertical SLI, 50 buy/sell levels with 2x horiz SLI - Calculate Volume Profile on full history - POC, Developing POC Levels - Buy/Sell/Total volume modes - Side Cover - Value Area, VAH/VAL dynamic levels - VWAP High/Low dynamic levels with Source, Length, StdDev as params - Show/Hide all levels - Dim Non Value Area Zones - Custom Range with Highlighting - 3 Anchor points for Volume Profile - Flip Levels Horizontally - Adjustable width, offset and spacing of levels - Custom Color for POC/VA/VWAP levels and Transparency for buy/sell levels Usage: - specify max_level/min_level/spacing (required) - select range (start_bar, range length), confirm with range highlighting - select volume type: Buy/Sell/Total - select mode Value Area/VWAP to show corresponding levels - flip/select anchor point to position the buy/sell levels - use Horiz SLI mode for 50 Buy/Sell or Vertical SLI for 150 levels if needed - use POC/Developing POC/VA/VWAP High/Low as S/R levels. Usually daily values from 1-3 days back are used as levels for the current day. SLI: - use SLI modes to extend the functionality of the indicator: - Horiz Buy/Sell 2x SLI lets you view 50 Buy/Sell Levels at the same time - Vertical Max_Vol 3x SLI lets you increase the resolution to 150 levels - you need at least 2 instances of the indicator attached to the same chart for SLI to work 1) Enable Horiz SLI: - attach 2 indicator instances to the chart - make sure all instances have the same min_level/max_level/range/spacing settings - select volume type for each instance: you can have a buy/sell or buy/total or sell/total SLI. Make sure your buy volume instance is the last attached to be displayed on top of sell/total instances without overlapping. - set buy_sell_sli_mode to true for indicator instances with volume_type = buy/sell, for type total this is optional. - this basically tells the script to calculate % lengths based on total volume instead of individual buy/sell volumes and use ext offset for sell levels - Sell Offset is calculated relative to Buy Offset to stack/extend sell after buy. Buy Offset = Zero - Buy Length. Sell Offset = Buy Offset - Sell Length = Zero - Buy Length - Sell Length - there are no master/slave instances in this mode, all indicators are equal, poc/va levels are not affected and can work independently, i.e. one instance can show va levels, another - vwap. 2) Enable Vertical SLI: - attach the first instance and evaluate the full range to roughly determine where is the highest max_vol/poc level i.e. 0..20000, poc is in the bottom half (third, middle etc) or - add more instances and split the full vertical range between them, i.e. set min_level/max_level of each corresponding instance to 0..10000, 10000..20000 etc - make sure all instances have the same range/spacing settings - an instance with a subrange containing the poc level of the full range is now your master instance (bottom half). All other instances are slaves, their levels will be calculated based on the max_vol/poc of the master instance instead of local values - set show_max_vol_sli to true for the master instance. for slave instances this is optional and can be used to check if master/slave max_vol values match and slave can read the master's value. This simply plots the max_vol value - you can also attach all instances and set show_max_vol_sli to true in all of them - the instance with the largest max_vol should become the master Auto/Manual Ext Max_Vol Modes: - for auto vertical max_vol SLI mode set max_vol_sli_src in all slave instances to the max_vol of the master indicator: "VolumeProfileFree_MAX_RRB: Max Volume for Vertical SLI Mode". It can be tricky with 2+ instances - in case auto SLI mode doesn't work - assign max_vol_sli_ext in all slave instances the max_vol value of the master indicator manually and repeat on each change - manual override max_vol_sli_ext has higher priority than auto max_vol_sli_src when both values are assigned, when they are 0 and close respectively - SLI is disabled - master/slave max_vol values must match on each bar at all times to maintain proper level scale, otherwise slave's levels will look larger than they should relative to the master's levels. - Max_vol (red) is the last param in the long list of indicator outputs - the only true max_vol/poc in this SLI mode is the master's max_vol/poc. All poc/va levels in slaves will be irrelevant and are disabled automatically. Slaves can only show VWAP levels. - VA Levels of the master instance in this SLI mode are calculated based on the subrange, not the whole range. Cross check with the full range. WARNING! - auto mode max_vol_sli_src is experimental and may not work as expected - you can only assign auto mode max_vol_sli_src = max_vol once due to some bug with unhandled exception/buffer overflow in Tradingview. Seems that you can clear the value only by removing the indicator instance - sometimes you may see a "study in error state" error when attempting to set it back to close. Remove indicator/Reload chart and start from scratch - volume profile may not finish to redraw and freeze in an ugly shape after an UI parameter change when max_vol_sli_src is assigned a max_vol value. Assign it to close - VP should redraw properly, but it may not clear the assigned max_vol value - you can't seem to be able to assign a proper auto max_vol value to the 3rd slave instance - 2x Vertical SLI works and tested in both auto/manual, 3x SLI - only manual seems to work Notes: - This code is 20x-30x faster (main for cycle is removed) especially on lower tfs with long history - only 2-3 sec load/redraw time vs 30-60 sec of the old Pro versions - Instead of repeatedly calculating the total sum of volumes for the whole range on each bar, vol sums are now increased on each bar and passed to the next in the range making it a per range vs per bar calculation that reduces time dramatically - hist_base for levels still results is ugly redraw - if you don't see a volume profile check range settings: min_level/max_level and spacing, set spacing to 0 (or adjust accordingly based on the symbol's precision, i.e. 0.00001) - you can view either of Buy/Sell/Total volumes, but you can't display Buy/Sell levels at the same time using a single instance (this would 2x reduce the number of levels). Use 2 indicator instances in horiz buy/sell sli mode for that. - Volume Profile/Value Area are calculated for a given range and updated on each bar. Each level has a fixed length. Offsets control visible level parts. Side Cover hides the invisible parts. - Custom Color for POC/VA/VWAP levels - UI Style color/transparency can only change shape's color and doesn't affect textcolor, hence this additional option - Custom Width - UI Style supports only width <= 4, hence this additional option - POC is visible in both modes. In VWAP mode Developing POC becomes VWAP, VA High and Low => VWAP High and Low correspondingly to minimize the number of plot outputs - You can't change buy/sell level colors from input (only plot transparency) - this requires 2x plot outputs => 2x reduces the number of levels to fit the max 64 limit. That's why 2 additional plots are used to dim the non Value Area zones - All buy/sell volume lengths are calculated as % of a fixed base width = 100 bars (100%). You can't set show_last from input to change it - There's no such thing as buy/sell volume, there's just volume, but for the purposes of the Volume Profile method, assume: bull candle = buy volume, bear candle = sell volume P.S. Gravitonium Levels Are Increasing. Unobtainium is nowhere to be found! Links on Volume Profile and Value Area calculation and usage: www.tradingview.com stockcharts.com onlinelibrary.wiley.com
Pine Script® indicator
by RagingRocketBull
25
ST_Trend_ReversalSTRONG TREND REVERSAL INDICATOR The code is the percentage difference between the spot price of a given financial asset and its 200-day MA of that period. My standard setup is Daily, and I think it's got very good predictive power at that timeframe. It can be read in two ways: 1. Values extremely above or below the 200-period MA present chances of buying/selling agains the prevailing trend. 2. Values closely above or below the 200-period MA are make-or-break market periods, where a medium-term trend becomes evident. Breaks above or below the MA are associated with strong chances of directional movements. But it's not fool-proof as false breaks have become commonplace nowadays. Other way to use it is as confirmation of breakdowns: For example, an asset that loses its 200-day MA and then can't rally above it becomes exposed to steep losses afterwards. It's also helpful to use in volatility trading: the closer the asset goes to its MA, the lower goes implied vol, and thus better opportiunities to be long volatility on those occasions where direction is hard to predict. STRI = close/(200dMA) Values over 100 indicate percentage premiums of spot vs its moving average. Values below indicate percentage discounts of spot vs its moving average.
Pine Script® indicator
by Daniel_Urdaneta
2
Ersoy-intersection(Kesisme)-Update-1website: www.ersoytoptas.com Newspaper : tr.investing.com hi , Friends i wanna be someone who wants to help everyone updated my script he published some time ago. What happened? * intersection When ever Bar Color Yellow Be * Alarms to be more comprehensible * Short and Long Days Choosing a Opportunities * Source Opportunities All Charts Usable( Example ;15,30,60 ... vs) and ALL MARKETS ( Stocks , forex , ... vs) i strive to improve further Easy to get
Pine Script® indicator
by Lemnos
8
SniperKills-Session Sweeps + SMT📊 Session Sweeps + SMT Tracker 🌏 Asia Session (8PM–12AM NY) → candles 🔴 red 🇬🇧 London Session (2AM–5AM NY) → candles 🟠 orange ✅ Sweep Hit – shows if a sweep occurred during the session 📈 High / Low – tracks session extremes dynamically 🔄 SMT Detection – flags bullish ✅ or bearish ❌ divergences vs correlated instrument 📋 Live Table – updates at top-right of chart for quick reference Perfect for NQ intraday trading, teaching, or monitoring session activity visually.
Pine Script® indicator
by ictsniperkills
Bitcoin vs. Gold correlation with lagBTC vs Gold (Lag) + Correlation — multi-timeframe, publication notes What it does Plots Gold on the same chart as Bitcoin, with a configurable lead/lag. Lets you choose how the series is displayed: Gold shifted forward (+lag on chart) — shows gold ahead of BTC on the time axis (visual offset). Gold aligned to BTC (gold lag) — standard alignment; gold is lagged for calculation and plotted in place. BTC 200D Lag (BTC shifted forward) — visualizes BTC shifted forward (like popular “BTC 200D Lag” charts). Computes Pearson correlations between BTC (no lag) and Gold (with lag) over multiple lookback windows equivalent to: 30d, 60d, 90d, 180d, 365d, 2y (730d), 3y (1095d), 5y (1825d). Shows a table with the correlation values, automatically scaled to the current timeframe. Why this is useful A common macro claim is that BTC tends to follow Gold with a delay (e.g., ~200 trading days). This tool lets you: Visually advance Gold (or BTC) to see that lead-lag relationship on the chart. Quantify the relationship with rolling correlations. Switch timeframes (D/W/M/…): everything automatically stays in sync. Quick start Open a BTC chart (any exchange). Add the indicator. Set Gold symbol (default TVC:GOLD; alternatives: OANDA:XAUUSD, COMEX:GC1!, etc.). Choose Lag value and Lag unit (Days/Weeks/Months/Years/Bars). Pick Visual Mode: To mirror those “BTC 200D Lag” posts: choose “BTC 200D Lag (BTC shifted forward)” with 200 Days. To view Gold 200D ahead of BTC: select “Gold shifted forward (+lag on chart)” with 200 Days. Keep Rebase to 100 ON for an apples-to-apples visual scale. (You can move the study to the left price scale if needed.) Inputs Gold symbol: external series to pair with BTC. Lag value: numeric value. Lag unit: Days, Weeks, Months (≈30d), Years (≈365d), or direct Bars. Visual mode: Gold shifted forward (+lag on chart) → gold is offset to the right by the lag (visual only). Gold aligned to BTC (gold lag) → standard plot (no visual offset); correlations still use lagged gold. BTC 200D Lag (BTC shifted forward) → BTC is offset to the right by the lag (visual only). Rebase to 100 (visual): rescales each series to 100 on its first valid bar for clearer comparison. Show gold without lag (debug): optional reference line. Show price tag for gold (lag): toggles the track price label. Timeframe handling The study uses the current chart timeframe for both BTC and Gold (timeframe.period). Lag in time units (Days/Weeks/Months/Years) is internally converted to an integer number of bars of the active timeframe (using timeframe.in_seconds). Example: on W (weekly), 200 days ≈ 29 bars. On intraday timeframes, days are converted proportionally. Correlation math Correlation = ta.correlation(BTC, Gold_lagged, length_in_bars) Lookback lengths are the bar-equivalents of 30/60/90/180/365/730/1095/1825 days in the active timeframe. Important: correlations are computed on prices (not returns). If you prefer returns-based correlation (often more statistically robust), duplicate the script and replace price inputs with change(close) or ta.roc(close, 1). Reading the table Window: nominal day label (e.g., 30d, 1y, 5y). Bars (TF): how many bars that window equals on the current timeframe. Correlation: Pearson coefficient . Background tint shows intensity and sign. Tips & caveats Visual offsets (offset=) move series on screen only; they don’t affect the math. The math always uses BTC (no lag) × Gold (lagged). With large lags on high timeframes, early bars will be na (normal). Scroll forward / reduce lag. If your Gold feed doesn’t load, try an alternative symbol that your plan supports. Rebase to 100 helps visibility when BTC ($100k) and Gold ($2k) share a scale. Months/Years use 30/365-day approximations. For exact control, use Days or Bars. Correlations on very short lengths or sparse data can be unstable; consider the longer windows for sturdier signals. This is a visual/analytical tool, not a trading signal. Always apply independent risk management. Suggested setups Replicate “BTC 200D Lag” charts: Visual Mode: BTC 200D Lag (BTC shifted forward) Lag: 200 Days Rebase: ON Gold leads BTC (Gold ahead): Visual Mode: Gold shifted forward (+lag on chart) Lag: 200 Days Rebase: ON Compatibility: Pine v6, overlay study. Best with: BTCUSD (any exchange) + a reliable Gold feed. Author’s note: Lead-lag relationships are not stable over time; treat correlations as descriptive, not predictive.
Pine Script® indicator
by viniciusbazan
Composite Time ProfileComposite Time Profile Overlay (CTPO) - Market Profile Compositing Tool Automatically composite multiple time periods to identify key areas of balance and market structure What is the Composite Time Profile Overlay? The Composite Time Profile Overlay (CTPO) is a Pine Script indicator that automatically composites multiple time periods to identify key areas of balance and market structure. It's designed for traders who use market profile concepts and need to quickly identify where price is likely to find support or resistance. The indicator analyzes TPO (Time Price Opportunity) data across different timeframes and merges overlapping profiles to create composite levels that represent the most significant areas of balance. This helps you spot where institutional traders are likely to make decisions based on accumulated price action. Why Use CTPO for Market Profile Trading? Eliminate Manual Compositing Work Instead of manually drawing and compositing profiles across different timeframes, CTPO does this automatically. You get instant access to composite levels without spending time analyzing each individual period. Spot Areas of Balance Quickly The indicator highlights the most significant areas of balance by compositing overlapping profiles. These areas often act as support and resistance levels because they represent where the most trading activity occurred across multiple time periods. Focus on What Matters Rather than getting lost in individual session profiles, CTPO shows you the composite levels that have been validated across multiple timeframes. This helps you focus on the levels that are most likely to hold. How CTPO Works for Market Profile Traders Automatic Profile Compositing CTPO uses a proprietary algorithm that: - Identifies period boundaries based on your selected timeframe (sessions, daily, weekly, monthly, or auto-detection) - Calculates TPO profiles for each period using the C2M (Composite 2 Method) row sizing calculation - Merges overlapping profiles using configurable overlap thresholds (default 50% overlap required) - Updates composite levels as new price action develops in real-time Key Levels for Market Profile Analysis The indicator displays: - Value Area High (VAH) and Value Area Low (VAL) levels calculated from composite TPO data - Point of Control (POC) levels where most trading occurred across all composited periods - Composite zones representing areas of balance with configurable transparency - 1.618 Fibonacci extensions for breakout targets based on composite range Multiple Timeframe Support - Sessions: For intraday market profile analysis - Daily: For swing trading with daily profiles - Weekly: For position trading with weekly structure - Monthly: For long-term market profile analysis - Auto: Automatically selects timeframe based on your chart Trading Applications for Market Profile Users Support and Resistance Trading Use composite levels as dynamic support and resistance zones. These levels often hold because they represent areas where significant trading decisions were made across multiple timeframes. Breakout Trading When composite levels break, they often lead to significant moves. The indicator calculates 1.618 Fibonacci extensions to give you clear targets for breakout trades. Mean Reversion Strategies Value Area levels represent the price range where most trading activity occurred. These levels often act as magnets, drawing price back when it moves too far from the mean. Institutional Level Analysis Composite levels represent areas where institutional traders have made significant decisions. These levels often hold more weight than traditional technical analysis levels because they're based on actual trading activity. Key Features for Market Profile Traders Smart Compositing Logic - Automatic overlap detection using price range intersection algorithms - Configurable overlap thresholds (minimum 50% overlap required for merging) - Dead composite identification (profiles that become engulfed by newer composites) - Real-time updates as new price action develops using barstate.islast optimization Visual Customization - Customizable colors for active, broken, and dead composites - Adjustable transparency levels for each composite state - Premium/Discount zone highlighting based on current price vs composite range - TPO aggression coloring using TPO distribution analysis to identify buying/selling pressure - Fibonacci level extensions with 1.618 target calculations based on composite range Clean Chart Presentation - Only shows the most relevant composite levels (maximum 10 active composites) - Eliminates clutter from individual session profiles - Focuses on areas of balance that matter most to current price action Real-World Trading Examples Day Trading with Session Composites Use session-based composites to identify intraday areas of balance. The VAH and VAL levels often act as natural profit targets and stop-loss levels for scalping strategies. Swing Trading with Daily Composites Daily composites provide excellent swing trading levels. Look for price reactions at composite zones and use the 1.618 extensions for profit targets. Position Trading with Weekly Composites Weekly composites help identify major trend changes and long-term areas of balance. These levels often hold for months or even years. Risk Management Composite levels provide natural stop-loss levels. If a composite level breaks, it often signals a significant shift in market sentiment, making it an ideal place to exit losing positions. Why Composite Levels Work Composite levels work because they represent areas where significant trading decisions were made across multiple timeframes. When price returns to these levels, traders often remember the previous price action and make similar decisions, creating self-fulfilling prophecies. The compositing process uses a proprietary algorithm that ensures only levels validated across multiple time periods are displayed. This means you're looking at levels that have proven their significance through actual market behavior, not just random technical levels. Technical Foundation The indicator uses TPO (Time Price Opportunity) data combined with price action analysis to identify areas of balance. The C2M row sizing method ensures accurate profile calculations, while the overlap detection algorithm (minimum 50% price range intersection) ensures only truly significant composites are displayed. The algorithm calculates row size based on ATR (Average True Range) divided by 10, then converts to tick size for precise level calculations. How the Code Actually Works 1. Period Detection and ATR Calculation The code first determines the appropriate timeframe based on your chart: - 1m-5m charts: Session-based profiles - 15m-2h charts: Daily profiles - 4h charts: Weekly profiles - 1D charts: Monthly profiles For each period type, it calculates the number of bars needed for ATR calculation: - Sessions: 540 minutes divided by chart timeframe - Daily: 1440 minutes divided by chart timeframe - Weekly: 7 days worth of minutes divided by chart timeframe - Monthly: 30 days worth of minutes divided by chart timeframe 2. C2M Row Size Calculation The code calculates True Range for each bar in the determined period: - True Range = max(high-low, |high-prevClose|, |low-prevClose|) - Averages all True Range values to get ATR - Row Size = (ATR / 10) converted to tick size - This ensures each TPO row represents a meaningful price movement 3. TPO Profile Generation For each period, the code: - Creates price levels from lowest to highest price in the range - Each level is separated by the calculated row size - Counts how many bars touch each price level (TPO count) - Finds the level with highest count = Point of Control (POC) - Calculates Value Area by expanding from POC until 68.27% of total TPO blocks are included 4. Overlap Detection Algorithm When a new profile is created, the code checks if it overlaps with existing composites: - Calculates overlap range = min(currentVAH, prevVAH) - max(currentVAL, prevVAL) - Calculates current profile range = currentVAH - currentVAL - Overlap percentage = (overlap range / current profile range) * 100 - If overlap >= 50%, profiles are merged into a composite 5. Composite Merging Logic When profiles overlap, the code creates a new composite by: - Taking the earliest start bar and latest end bar - Using the wider VAH/VAL range (max of both profiles) - Keeping the POC from the profile with more TPO blocks - Marking the composite as "active" until price breaks through 6. Real-Time Updates The code uses barstate.islast to optimize performance: - Only recalculates on the last bar of each period - Updates active composite with live price action if enabled - Cleans up old composites to prevent memory issues - Redraws all visual elements from scratch each bar 7. Visual Rendering System The code uses arrays to manage drawing objects: - Clears all lines/boxes arrays on every bar - Iterates through composites array to redraw everything - Uses different colors for active, broken, and dead composites - Calculates 1.618 Fibonacci extensions for broken composites Getting Started with CTPO Step 1: Choose Your Timeframe Select the period type that matches your trading style: - Use "Sessions" for day trading - Use "Daily" for swing trading - Use "Weekly" for position trading - Use "Auto" to let the indicator choose based on your chart timeframe Step 2: Customize the Display Adjust colors, transparency, and display options to match your charting preferences. The indicator offers extensive customization options to ensure it fits seamlessly into your existing analysis. Step 3: Identify Key Levels Look for: - Composite zones (blue boxes) - major areas of balance - VAH/VAL lines - value area boundaries - POC lines - areas of highest trading activity - 1.618 extension lines - breakout targets Step 4: Develop Your Strategy Use these levels to: - Set entry points near composite zones - Place stop losses beyond composite levels - Take profits at 1.618 extension levels - Identify trend changes when major composites break Perfect for Market Profile Traders If you're already using market profile concepts in your trading, CTPO eliminates the manual work of compositing profiles across different timeframes. Instead of spending time analyzing each individual period, you get instant access to the composite levels that matter most. The indicator's automated compositing process ensures you're always looking at the most relevant areas of balance, while its real-time updates keep you informed of changes as they happen. Whether you're a day trader looking for intraday levels or a position trader analyzing long-term structure, CTPO provides the market profile intelligence you need to succeed. Streamline Your Market Profile Analysis Stop wasting time on manual compositing. Let CTPO do the heavy lifting while you focus on executing profitable trades based on areas of balance that actually matter. Ready to Streamline Your Market Profile Trading? Add the Composite Time Profile Overlay to your charts today and experience the difference that automated profile compositing can make in your trading performance.
Pine Script® indicator
by mindyourbuisness
Quantile Regression Bands [BackQuant]Quantile Regression Bands Tail-aware trend channeling built from quantiles of real errors, not just standard deviations. What it does This indicator fits a simple linear trend over a rolling lookback and then measures how price has actually deviated from that trend during the window. It then places two pairs of bands at user-chosen quantiles of those deviations (inner and outer). Because bands are based on empirical quantiles rather than a symmetric standard deviation, they adapt to skewed and fat-tailed behaviour and often hug price better in trending or asymmetric markets. Why “quantile” bands instead of Bollinger-style bands? Bollinger Bands assume a (roughly) symmetric spread around the mean; quantiles don’t—upper and lower bands can sit at different distances if the error distribution is skewed. Quantiles are robust to outliers; a single shock won’t inflate the bands for many bars. You can choose tails precisely (e.g., 1%/99% or 5%/95%) to match your risk appetite. How it works (intuitive) Center line — a rolling linear regression approximates the local trend. Residuals — for each bar in the lookback, the indicator looks at the gap between actual price and where the line “expected” price to be. Quantiles — those gaps are sorted; you select which percentiles become your inner/outer offsets. Bands — the chosen quantile offsets are added to the current end of the regression line to draw parallel support/resistance rails. Smoothing — a light EMA can be applied to reduce jitter in the line and bands. What you see Center (linear regression) line (optional). Inner quantile bands (e.g., 25th/75th) with optional translucent fill. Outer quantile bands (e.g., 1st/99th) with a multi-step gradient to visualise “tail zones.” Optional bar coloring: bars trend-colored by whether price is rising above or falling below the center line. Alerts when price crosses the outer bands (upper or lower). How to read it Trend & drift — the slope of the center line is your local trend. Persistent closes on the same side of the center line indicate directional drift. Pullbacks — tags of the inner band often mark routine pullbacks within trend. Reaction back to the center line can be used for continuation entries/partials. Tails & squeezes — outer-band touches highlight statistically rare excursions for the chosen window. Frequent outer-band activity can signal regime change or volatility expansion. Asymmetry — if the upper band sits much further from the center than the lower (or vice versa), recent behaviour has been skewed. Trade management can be adjusted accordingly (e.g., wider take-profit upslope than downslope). A simple trend interpretation can be derived from the bar colouring Good use-cases Volatility-aware mean reversion — fade moves into outer bands back toward the center when trend is flat. Trend participation — buy pullbacks to the inner band above a rising center; flip logic for shorts below a falling center. Risk framing — set dynamic stops/targets at quantile rails so position sizing respects recent tail behaviour rather than fixed ticks. Inputs (quick guide) Source — price input used for the fit (default: close). Lookback Length — bars in the regression window and residual sample. Longer = smoother, slower bands; shorter = tighter, more reactive. Inner/Outer Quantiles (τ) — choose your “typical” vs “tail” levels (e.g., 0.25/0.75 inner, 0.01/0.99 outer). Show toggles — independently toggle center line, inner bands, outer bands, and their fills. Colors & transparency — customize band and fill appearance; gradient shading highlights the tail zone. Band Smoothing Length — small EMA on lines to reduce stair-step artefacts without meaningfully changing levels. Bar Coloring — optional trend tint from the center line’s momentum. Practical settings Swing trading — Length 75–150; inner τ = 0.25/0.75, outer τ = 0.05/0.95. Intraday — Length 50–100 for liquid futures/FX; consider 0.20/0.80 inner and 0.02/0.98 outer in high-vol assets. Crypto — Because of fat tails, try slightly wider outers (0.01/0.99) and keep smoothing at 2–4 to tame weekend jumps. Signal ideas Continuation — in an uptrend, look for pullback into the lower inner band with a close back above the center as a timing cue. Exhaustion probe — in ranges, first touch of an outer band followed by a rejection candle back inside the inner band often precedes mean-reversion swings. Regime shift — repeated closes beyond an outer band or a sharp re-tilt in the center line can mark a new trend phase; adjust tactics (stop-following along the opposite inner band). Alerts included “Price Crosses Upper Outer Band” — potential overextension or breakout risk. “Price Crosses Lower Outer Band” — potential capitulation or breakdown risk. Notes The fit and quantiles are computed on a fixed rolling window and do not repaint; bands update as the window moves forward. Quantiles are based on the recent distribution; if conditions change abruptly, expect band widths and skew to adapt over the next few bars. Parameter choices directly shape behaviour: longer windows favour stability, tighter inner quantiles increase touch frequency, and extreme outer quantiles highlight only the rarest moves. Final thought Quantile bands answer a simple question: “How unusual is this move given the current trend and the way price has been missing it lately?” By scoring that question with real, distribution-aware limits rather than one-size-fits-all volatility you get cleaner pullback zones in trends, more honest “extreme” tags in ranges, and a framework for risk that matches the market’s recent personality.
Pine Script® indicator
by BackQuant
ATR Histogram vs High-Low//@version=5 indicator("RSI+Price Confluence", overlay=false) rsiSrc = input(close) rsiLen = input.int(14) emaRSI = input.int(9) wmaRSI = input.int(45) tf = input.timeframe("60") emaF = input.int(21) emaS = input.int(52) // Lấy EMA và WMA của RSI HTF chỉ trong 1 lần request ema_rsi = request.security(syminfo.tickerid, tf, ta.ema(ta.rsi(rsiSrc, rsiLen), emaRSI)) wma_rsi = request.security(syminfo.tickerid, tf, ta.wma(ta.rsi(rsiSrc, rsiLen), wmaRSI)) // Xác định lực RSI luc_up = ema_rsi > wma_rsi luc_down = ema_rsi < wma_rsi // Lực giá (EMA nhanh & chậm) gia_up = ta.ema(close, emaF) > ta.ema(close, emaS) gia_down = ta.ema(close, emaF) < ta.ema(close, emaS) // Tín hiệu cuối cùng isUP = luc_up and gia_up isDOWN = luc_down and gia_down isNEU = not isUP and not isDOWN // Vẽ cột tín hiệu, color= đầy đủ plot(isUP ? 1 : na, title="UP", style=plot.style_columns, color=color.green, linewidth=6) plot(isDOWN ? -1 : na, title="DOWN", style=plot.style_columns, color=color.red, linewidth=6) plot(isNEU ? 0 : na, title="NEU", style=plot.style_columns, color=color.yellow, linewidth=6) // Đường zero hline(0, "", color=color.gray, linestyle=hline.style_dotted)
Pine Script® indicator
by ticasrnarusrtst2306
Contract Interest Turnover T3 [T69]Overview -------- Contract Interest Turnover (CIT) estimates how “churny” a crypto derivatives market is by comparing the amount traded in a bar to the base stock of outstanding contracts (open interest). It normalizes both Volume and Open Interest (OI) by Price (Close), then plots a Turnover Rate = (Volume/Close) ÷ (OI/Close) as colored columns. Higher values = faster contract recycling (strong momentum / hype potential). Features -------- - Auto-fetch OI: Pulls OI via request.security(_OI, …) when the exchange/symbol exposes an OI stream on TradingView. - Price-normalized comparison: Converts both Volume and OI into comparable notional terms by dividing each by Close. - Turnover columns with threshold: Color the columns green once Turnover ≥ your set threshold; gray otherwise. - Status-line readouts: Displays normalized Volume and OI values for quick sanity checks. - Crypto-aware timeframe: Uses chart TF for crypto; forces daily OI when not crypto to avoid noisy intraday pulls. How to Use ---------- 1. Add the script on a perpetual/futures symbol that has OI on TradingView (e.g., BTC perps where an _OI feed exists). 2. Watch the Turnover Rate bars: spikes above your threshold flag sessions where contracts are actively flipping. 3. Interpret spikes as a signal of movement or activity — it does not specify price direction, only that the market is engaged and contracts are being traded more intensely than usual. Configuration ------------- - Interest Turnover Threshold (default 1.0): colors columns green when Turnover ≥ threshold. Tune per market’s typical churn profile. Under the Hood (Formulas & Logic) --------------------------------- - Fetch OI oiClose ← request.security(ticker.standard(syminfo.tickerid) + "_OI", timeframe, close) with ignore_invalid_symbol = true. If none is found, the script throws a clear runtime error. - Normalize to price vol_norm = volume / close oi_norm = oiClose / close This converts both to a common notional basis so their ratio is meaningful even as price changes. - Turnover Rate turnover = vol_norm / oi_norm Interpretation: fraction/multiples of the outstanding contract base traded in the bar. Color = green if turnover ≥ threshold. Why Open Interest ≈ “Float” Proxy --------------------------------- In stocks, float ≈ shares the public can trade. In derivatives, there are no “shares,” so Open Interest acts as the live stock of active contracts. It’s the best proxy for “what’s available in play” because it counts open positions that persist across bars. Using Volume ÷ OI mirrors stock float-turnover logic: how fast the tradable base is being recycled each period. Why Normalize by Price ---------------------- Derivatives volume and OI may be reported in contracts, not notional value. One contract’s economic weight changes with price (especially on inverse contracts). Dividing both Volume and OI by Close: - Puts them on a comparable notional footing. - Prevents false spikes purely from price moves. - Makes Turnover comparable across time even as price trends. Advanced Tips ------------- - Calibrate threshold: Start from the 80th–90th percentile of the last 60–90 bars of Turnover; set the threshold a touch below that to surface early heat. - Add OI-delta: Layer an OI change histogram (current − prior) to separate new positioning from pure churn. - Linear vs inverse: For linear (USDT-margined) contracts, the normalization still works and keeps visuals consistent; for inverse, it’s essential. Limitations ----------- - Data availability: Works only if your symbol exposes an _OI feed on TradingView; otherwise it errors out. - Exchange conventions: Volume units differ by venue (contracts, coin, notional). Normalization mitigates, but cross-symbol comparisons still need caution. - Intrabar gaps: OI is typically end-of-bar; rapid intrabar shifts won’t appear until the bar closes. Notes ----- - Designed primarily for crypto derivatives. For non-crypto, the script blanks OI to avoid misleading plots and uses a daily TF when needed. Credit ------ - Concept & data: Built for TradingView data feeds. - Acknowledgment: Credit to TradingView default indicator as requested. - Source: This write-up reflects the logic present in your uploaded script. Disclaimer ---------- Markets move; indicators simplify. Use with position sizing, hard stops, and catalyst awareness. The Turnover Rate flags activity, not direction.
Pine Script® indicator
by Teyo69
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