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Volume / Open Interest "Footprint" - By LeviathanThis script generates a footprint-style bar (profile) based on the aggregated volume or open interest data within your chart's visible range. You can choose from three different heatmap visualizations: Volume Delta/OI Delta, Total Volume/Total OI, and Buy vs. Sell Volume/OI Increase vs. Decrease. How to use the indicator: 1. Add it to your chart. 2. The script will use your chart's visible range and generate a footprint bar on the right side of the screen. You can move left/right, zoom in/zoom out, and the bar's data will be updated automatically. Settings: - Source: This input lets you choose the data that will be displayed in the footprint bar. - Resolution: Resolution is the number of rows displayed in a bar. Increasing it will provide more granular data, and vice versa. You might need to decrease the resolution when viewing larger ranges. - Type: Choose between 3 types of visualization: Total (Total Volume or Total Open Interest increase), UP/DOWN (Buy Volume vs Sell Volume or OI Increase vs OI Decrease), and Delta (Buy Volume - Sell Volume or OI Increase - OI Decrease). - Positive Delta Levels: This function will draw boxes (levels) where Delta is positive. These levels can serve as significant points of interest, S/R, targets, etc., because they mark the zones where there was an increase in buy pressure/position opening. - Volume Aggregation: You can aggregate volume data from 8 different sources. Make sure to check if volume data is reported in base or quote currency and turn on the RQC (Reported in Quote Currency) function accordingly. - Other settings mostly include appearance inputs. Read the tooltips for more info.
Pine Script™ indicator
by LeviathanCapital
75
Percent of U.S. Stocks Above VWAPThis indicator plots a line reflecting the percentage of all U.S. stocks above or below their VWAP for the given candle. Horizontal lines have been placed at 40% (oversold), 50% (mid-line), and 60% (overbought). I recommend using this indicator as a market breadth indicator when trading individual stocks. In my experience, this indicator is best utilized while trading the major indices (SPX, SPY, QQQ, IWM) or their futures (ES, NQ, RTY) in the following manner: - When the line crosses 50%, a green or red triangle is plotted indicating the majority of market momentum has turned bullish or bearish based on price positioning vs. VWAP. Look for longs when the line is rising (green) or above 50%, or shorts when the line is falling (red) or below 50%. - When the line is below 40%, indicator shows red shading; I would not be long anything during this period. When the line exits this level, I begin looking for long entries. This line is adjustable in the indicator settings if you prefer to use a tighter or looser oversold level. - When the line is above 60%, indicator shows green shading; I would not be short anything during this period. When the line exits this level, I begin looking for short entries. This line is adjustable in the indicator settings if you prefer to use a tighter or looser overbought level. This indicator uses the TradingView ticker “PCTABOVEVWAP.US”, thus it only updates during NY market hours. If trading futures, I recommend applying VWAP to your chart and using that as the level to trade against in a similar manner, along with your personal price action analysis and other indicators you find useful.
Pine Script™ indicator
by BigGuavaTrading
18
Degen Dominator - (Crypto Dominance Tool) - [mutantdog]A fairly simple one this time. Another crypto dominance tool, consider it a sequel to Dominion if you will. Ready to go out-of-the-box with a selection of presets at hand. The premise is straightforward, rather than viewing the various marketcap dominance indexes as their standard percentage values, here we have them represented as basic oscillators. This allows for multiple indexes to be viewed in one pane and gives a decent overview of their relative changes and thus the flow of capital within the overall crypto market. As a general rule-of-thumb, when a plot is above zero then the dominance is climbing, thus capital is likely flowing in that direction. The inverse applies when below zero. When the market is quiet, all will be close to zero. Basic overbought/oversold conditions can also be inferred too. Active as default are: Bitcoin (0range): CRYPTOCAP:BTC.D Ethereum (Blue): CRYPTOCAP:ETH.D Stablecoins (Red): CRYPTOCAP:USDT.D + CRYPTOCAP:USDC.D Altcoins (Green): 100 - (all of the above) These are plotted according to the selected oscillator preset and it's length parameter. The default is set to 'EMA Centre'. An optional RMA(3) smoothing filter is also included and active as default. Each index plot has its own colour and opacity settings available on the main page. Additionally, the following are also available (deactivated as default): Total DeFi : CRYPTOCAP:TOTALDEFI.D Current Symbol : Will try to match corresponding dominance index for the chart symbol if available. Custom Input : Manual text input, will try to match if available. ------------- The included presets determine the oscillator type used, all are fairly simple and easy to interpret: EMA Centre SMA Centre Median Centre Midrange Centre The first 4 are all variations on the same theme, simply calculated as the difference between the actual value and its respective average. EMA is the default and is my personal preference, if you generally favour using an SMA then perhaps that would be your better choice. Like the two MAs, median and midrange are also dependant on the length parameter. Midrange is calculated from the difference between highest and lowest values within the length period, with a little extra smoothing from an RMA(3). Simple Delta Weighted Delta Running Delta Often referred to as momentum, delta is just change over time. 'Simple' is the most basic of these, the difference between the current value and the value (length) bars prior. A more long-winded way of calculating this would be to take the difference between each bar and its previous then average them with an SMA which results in the same value. 'Weighted' adopts that principle but instead uses a WMA, likewise 'Running' is the same but using an RMA. The latter is actually the basis of RSI calculations before any normalisation is applied, as you can see in the next preset. RSI CMO RSI really should not need explaining, it is however applied a little differently here to the usual, in this case centred around 0. The x100 multiplication factor has been dropped too for the sake of consistency. The same principle applies with CMO, which is basically a 'Simple Delta' version of RSI. Hard Floor Soft Floor These last two are a little different but both can provide useful interpretations. The floor here is simply the lowest value within the chosen length period. 'Hard' plots the difference between the current value and the floor, thus giving a value that is always above 0. In this case, focus should be given to the relative heights of each with a simple interpretation that capital is flowing into those that are climbing and out of those descending. 'Soft' is essentially the same except that the floor is smoothed with an RMA(3), the result being that when new lows are made, the plot will break below 0 before the floor corrects a few bars later. This soft break provides additional information to that given by 'Hard' so is probably the more useful of the two. ------------ To finish it off, a bunch of preset alerts are included for the various 0 crossings. So that just about covers everything then, all quite straightforward really. Future updates may include some extra stuff, the composition of the stablecoin index may change if necessary too. While this is not really a tweaker's tool like some of my other projects, there's still some room for experimentation here. The 'current' and 'custom' indexes can provide some useful data for compatible altcoins and the possibility to compare inter-related tokens (eg: Doge vs Shib). While i introduced this as a sort of sequel to Dominion, it is not intended as a replacement but more of a companion. This initially started as a feature intended for that one but it quickly grew into its own thing. Both the oscillator view here and the more traditional view have merits, i personally use this one primarily now but frequently refer to Dominion for confirmations etc. That's it for now anyway. As always, feedback is welcome below. Enjoy!
Pine Script™ indicator
by mutantdog
4
Jdawg Sentiment Momentum Oscillator EnhancedThe Jdawg Sentiment Momentum Oscillator Enhanced (JSMO_E) is a versatile technical analysis indicator designed to provide traders with insights into potential trend changes and overbought or oversold market conditions. JSMO_E combines the principles of the Relative Strength Index (RSI), the Simple Moving Average (SMA), and the Rate of Change (ROC) to create a comprehensive tool for assessing market sentiment and momentum. The uniqueness of JSMO_E lies in its ability to integrate the RSI, SMA of RSI, and ROC of RSI, while also allowing users to customize the weight of the ROC component. This combination of features is not commonly found in other indicators, which increases its distinctiveness. To effectively use JSMO_E, follow these steps: Apply the JSMO_E indicator to the price chart of the asset you are analyzing. Observe the plotted JSMO_E line in relation to the zero line, overbought, and oversold levels. When the JSMO_E line crosses above the zero line, it may signal the beginning of an uptrend or bullish momentum. Conversely, when the JSMO_E line crosses below the zero line, it may indicate the start of a downtrend or bearish momentum. Overbought and oversold levels, marked by the red and green dashed lines, respectively, can serve as a warning that a trend reversal may be imminent. When the JSMO_E line reaches or surpasses the overbought level, it might indicate that the asset is overvalued and could experience a price decline. Conversely, when the JSMO_E line reaches or goes below the oversold level, it can signal that the asset is undervalued and may experience a price increase. Adjust the input parameters (RSI Period, SMA Period, ROC Period, and ROC Weight) as needed to optimize the indicator for the specific market and time frame you are analyzing. The JSMO_E indicator is suitable for various markets, including stocks, forex, commodities, and cryptocurrencies. However, its effectiveness may vary depending on the market conditions and time frames used. It is recommended to use JSMO_E in conjunction with other technical analysis tools and methods to confirm potential trade setups and improve overall trading performance. Always conduct thorough backtesting and forward-testing before employing any indicator in a live trading environment.
Pine Script™ indicator
by jbbarrett231
7
Oscillator & SentimentThis script is a custom TradingView indicator that calculates an oscillator and sentiment line based on various input parameters. The oscillator is based on a modified version of My Oscillator, which is a measure of price deviation from its exponential moving average ( EMA ). The sentiment line is a smoothed average of the oscillator values. The script also uses a unique color-coding system to represent the trends in the oscillator and sentiment line, making it visually appealing and easier for traders to identify market movements. Parameters: Fast Length: fast EMA length. Slow Length: slow EMA length. SMA Length: simple moving average length . Sentiment Length: The length for calculating the sentiment line. LengthInputRoR: A constant value used for the highest and lowest calculations. Calculations: Highest and Lowest: The highest and lowest values of the Simple Moving Average of high and low prices over the LengthInputRoR period. Price Calculation (HLC2): The average of the high, low, and close prices divided by ... My Oscillator ( SMO ): A measure of price deviation from the EMA5. It is calculated with HLC2 , EMA5, STDDEVS Sentiment: A Simple Moving Average of My Oscillator over the sentiment_length period. Colors: Sentiment Color: Changes based on the current sentiment value relative to the previous value. It can have three different color variations to represent increasing, decreasing, or steady sentiment. Candle Color: Adjusts according to the close price relative to the highest and lowest values. It helps traders to quickly identify if the price is in a strong or weak position. Key Features: Unique Oscillator and Sentiment Combination: The script integrates My Oscillator and a sentiment line calculation, providing a comprehensive view of the market. The oscillator is a deviation-based indicator that is responsive to market trends, while the sentiment line offers a smoothed representation of the oscillator values. Intuitive Color-Coding System: Bullish state Confirmed: The oscillator is green and the sentiment is above 0 and below the oscillator. Bearish state Confirmed: The oscillator is red and the sentiment line is below 0 and above the oscillator. Neutral state: The oscillator is yellow above or below 0, normally a risk off area and wait for direction confirmation, doesn't mean that there can't be a Long or Short possibility. Neutral state often also gives Long or Short Setup's when the oscillator is 1 for Long and -1 for Short, but in the Neutral state there will be more chance of moves up or down. The Script will also color the candles in the main-chart the same as the oscillator colors Enhanced Market Analysis: The combination of the oscillator, sentiment line, and color-coding system provides traders with valuable insights into the market's direction, strength, and momentum, ultimately helping them make more informed trading decisions. ** This script is a great to use together with my other script: "Long & Short / Bullish & Bearish & Neutral / Sentiment" ( it will color the bars so if you use them together turn off barcolor in this one if you like that system: "Long & Short / Bullish & Bearish & Neutral / Sentiment")
Pine Script™ indicator
by CR-JE
8
Quad RSRelative Strength (RS) is an Indicator which measures a Stock's performance as compared to a Benchmark Index or another Stock. For example: RS will tell you whether “A” is increasing more or less than “B” in any market condition. It is one of the tools which is best suited for Momentum Investing. How RS can be used as a Momentum Indicator: RS is used in identifying both the strongest and the weakest stock, or any asset class, within the market. Usually, the stocks which display strong or weak RS over a given time period tend to continue to move in the same direction. How to calculate Relative Strength: Divide change of "A" over some time period by the change of a particular index/stock "B" over the same time period. This indicator oscillates around zero. If the value is greater than zero, "A" has been relatively strong compared to "B", during the selected period; if the value is less than zero, "A" has been relatively weak. Configuration & Default settings: The Relative symbol can be Input, default is Nifty50. Time frame can be set, I recommend setting to Day. Default time frame is set to same as chart. Four different periods can be set. Default values are 500, 250, 125 & 63. If time frame is set as 'Day', these numbers correspond to 2 years, 1 year, 1/2 year & 1 quarter. Example chart: NiftyMidCap100 with Quad RS indicator with Nifty50 used as Relative Symbol, Four periods: 500, 250, 125 & 63
Pine Script™ indicator
by InvestIn10
1
LNL Simple Hedging ToolLNL Simple Hedging Tool Simple Hedging Tool was created specifically for swing traders who struggle with hedging. This tool helps to spot the ideal moments to put the hedges on (protection of the portfolio during "high risk" times). Simple Hedging Tool will not help you when day trading. It was designed for the daily charts. It is called simple because it is pretty much self-explanatory indicator. The candles are either blue or yellow. Meaning of the colors depend on the version you are using. This tool consist of two versions: SPX Version: This version was designed for indexes & overall market benchmarks. In contrast with the VIX version, the SPX version is little more sophisticated since it is based on key market internals. Blue arrows above the candles? More often than not this is signalizing that the key market internals are now approaching bearish signals which means it is the best time to hedge any bullish positions. On the contrary, the yellow arrows are the good reason to lighten up of the shorts & ease off the gas pedal on any bearish outlooks. VIX Version: Apart from the black swan events (big market crashes) Vix usually oscillates between the daily extremes. The VIX version is based on a simple bollinger band technique which is visualized with blue & yellow arrows. Whenever the yellow arrows & candles appear, it is good time to put the hedges on & perhaps lighten up on longs. IMPORTANT DISCLAIMER: The signals from this tool WILL NOT TELL YOU where to buy or sell! But rather when is a good time TO NOT buy or TO NOT sell. Once the signals appear it does not necessarily mean that the move is over & reversion willl happen immidiately. These signals can be flashing for days even weeks. They are not flashing for you to change the bias but rather tighten up your exposure in case your portfolio is mostly one sided. Hope it helps.
Pine Script™ indicator
by lnlcapital
Market RiskThis Pine Script defines an indicator called "Custom Market Risk, Sentiment & Bollinger Bands Indicator" with the short title "CMRS&BB". The indicator calculates risk, sentiment, and Bollinger Bands Percent based on technical indicators and user inputs. The risk calculation is based on the difference between the current close price and the previous close price, and the average gain and loss over a specified period are calculated. The relative strength index is then calculated by dividing the average gain by the average loss. The risk is calculated using a formula that involves the relative strength index. The sentiment calculation is based on three technical indicators, and the sentiment score is calculated as the average of the signals generated by these indicators. The sentiment is considered positive if the sentiment score is greater than 0. The Bollinger Bands Percent is calculated based on the length and multiplier inputs, the moving average, and the standard deviation of the close price. The upper and lower bands are calculated based on the basis and deviation. The Bollinger Bands Percent is then calculated as the ratio of the difference between the close price and the lower band to the difference between the upper and lower bands. The combined signal is calculated by adding the risk, sentiment score multiplied by a factor, and Bollinger Bands Percent multiplied by a factor. The risk levels are color-coded based on the combined signal, and the corresponding color-coded risk levels are plotted. The horizontal lines and fills representing the risk levels are also plotted. The candle color is set based on the sentiment, where green represents positive sentiment, and red represents negative sentiment. It is important to note that this script is not intended to provide specific buy or sell signals. However, green color-coded risk levels may indicate a possible buy moment, while red color-coded risk levels may indicate a possible sell moment. It is recommended to perform additional analysis and consider other factors before making any trading decisions.
Pine Script™ indicator
by CR-JE
Long & Short / Bullish & Bearish & Neutral / Sentiment LONG and SHORT signal generation: The LONG and SHORT signals in this script are generated based on a combination of sentiment, price strength, and volume strength calculations. The following parameters and calculations are used in determining these signals: Sentiment: The sentiment is calculated using a Simple Moving Average ( SMA ) of the SMO (oscillator) over a specified sentiment_length. Price Strength: The price strength is calculated as the percentage change in the closing price compared to the previous closing price. Volume Strength: The volume strength is calculated as the percentage change in the trading volume compared to the previous trading volume . Custom Oscillator: This oscillator is calculated as the difference between price strength and volume strength, followed by calculating its SMA over a specified strength_length. The LONG signal is triggered when: The sentiment_diff (difference between the oscillator and the SMA oscillator) is greater than 0, and the close price is greater than the fast EMA ( Exponential Moving Average ) of the close price, OR The custom oscillator crosses over its SMA , and the close price is greater than the open price, and the close price of the previous period is greater than the close price of two periods ago. The SHORT signal is triggered when: The sentiment_diff is less than 0, and the close price is less than the fast EMA of the close price, OR The custom oscillator crosses under its SMA , and the close price is less than the open price, and the close price of the previous period is less than the close price of two periods ago. Color change description: The color change in this script is based on the relationship between the close price and the highest/lowest SMAs of the high/low price over a specified lengthInputRoR. The following colors are used: Green: Bullish area (close price is greater than the highest SMA of the high price) Red: Bearish area (close price is less than the lowest SMA of the low price) Yellow: Neutral area (close price is between the highest and lowest SMAs of the high and low prices) Color meaning description: Yellow (Neutral Area): This color indicates that the close price is between the highest and lowest SMAs of the high and low prices, signaling more caution and uncertainty in the market. Green ( Bullish Area): This color represents a bullish market condition where the close price is greater than the highest SMA of the high price, suggesting a higher probability of a successful LONG position. Red ( Bearish Area): This color signifies a bearish market condition where the close price is less than the lowest SMA of the low price, indicating a higher probability of a successful SHORT position. Support and Resistance lines explanation: Support and resistance lines are calculated based on the highest and lowest prices over a specified number of periods. These lines are used to identify significant price levels where the market may experience increased buying or selling pressure. Resistance: The resistance line is calculated using the highest high price over a specified number of periods. This line represents a price level where selling pressure is expected to increase, making it more difficult for the price to rise further. Traders often consider resistance levels as potential entry points for SHORT positions or exit points for LONG positions. Support: The support line is calculated using the lowest low price over a specified number of periods. This line represents a price level where buying pressure is expected to increase, making it more difficult for the price to fall further. Traders often consider support levels as potential entry points for LONG positions or exit points for SHORT positions. The resistance and support lines are plotted using different colors to help traders visualize the important price levels where the market may experience a reversal or consolidation. Final Words: This script provides LONG and SHORT signals and alerts based on a combination of sentiment, price strength, and volume strength calculations. It is designed to serve as a high-quality aid for executing well-informed trading ideas. However, it's important to note that the LONG and SHORT signals and alerts generated by this script should not be considered as trading advice. Traders should always conduct their own research and analysis before making any trading decisions. The script aims to assist in visualizing important market trends and price levels, helping traders make more informed decisions based on their personal trading strategies.
Pine Script™ indicator
by CR-JE
1
Mason’s Line IndicatorThe Macon Strategy is an idea conceived by Didier Darcet , co-founder of Gavekal Intelligence Software. Inspired by the Water Level, an instrument used by masons to check the horizontality or verticality of a wall. This method aims to measure the psychology of financial markets and determine if the market is balanced or tilting towards an unfavorable side, focusing on the behavioral risk of markets rather than economic or political factors. The strategy examines the satisfaction and frustration of investors based on the distance between the low and high points of the market over a period of one year. Investor satisfaction is influenced by the current price of the index and the path taken to reach that price. The distance to the low point provides satisfaction, while the distance to the high point generates frustration. The balance between the two dictates investors’ desire to hold or sell their positions. To refine the strategy, it is important to consider the opinion of a group of investors rather than just one individual. The members of a hypothetical investor club invest successively throughout the past year. The overall satisfaction of the market on a given day is a democratic expression of all participants. If the overall satisfaction is below 50%, investors are frustrated and sell their positions. If it is above, they are satisfied and hold their positions. The position of the group of investors relative to the high and low points represents the position of the air bubble in the water level. Market performance is measured day by day based on participant satisfaction or dissatisfaction. In conclusion, memory, emotions, and decision-making ability are closely linked, and their interaction influences investment decisions. The Macon Strategy highlights the importance of the behavioral dimension in understanding financial market dynamics. By studying investor behavior through this strategy, it is possible to better anticipate market trends and make more informed investment decisions. Presentation of the Mason’s Line Indicator: The main strategy of this indicator is to measure the average satisfaction of investors based on the position of an imaginary air bubble in a tube delimited by the market’s highs and lows over a given period. After calculating the satisfaction level, it is then normalized between 0 and 1, and a moving average can be used to visualize trends. Key features: Calculation of highs and lows over a user-defined period. Determination of the position of the air bubble in the tube based on the closing price. Calculation of the average satisfaction of investors over a selected period. Normalization of the average satisfaction between 0 and 1. Visualization of normalized or non-normalized average satisfaction levels, as well as their corresponding moving averages. User parameters: Period for min and max (days) : Sets the period over which highs and lows will be calculated (1 to 365 days). Period for average satisfaction (days) : Determines the period over which the average satisfaction of investors will be calculated (1 to 365 days). Period for SMA : Sets the period of the simple moving average used to smooth the data (1 to 1000 days). Bubble_value : Adjustment of the air bubble value, ranging from 0 to 1, in increments of 0.025. Normalized average satisfaction : Option to choose whether to display the normalized or non-normalized average satisfaction. Please note that the Mason’s Line Indicator is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Pine Script™ indicator
by Ox_kali
Cryptocurrency Market Sentiment v1.0Introduction: Capable of observing the market sentiment of the cryptocurrency market The relative status of BTC and altcoins How it works: 1. The general uptrend process of the cryptocurrency market is BTC → ETH → high-cap altcoins → low-cap altcoins. When funds cannot push up BTC's market cap, funds gradually flow into smaller-cap altcoins until the upward trend ends. 2. Select ETH as the representative of altcoins, and understand the sentiment and current stage 3. Mathematical principle : divide the price of ETH by the price of BTC, and then apply it to the RSI formula . How to use it: 1. Similar to the RSI indicator , when CMS enters the overbought zone, it represents an active altcoin market, a passionate market sentiment , and the end of the uptrend. 2. When CMS enters the oversold zone, it indicates the leading stage of BTC in the rising trend or the capital flow back to BTC in the declining process . 3. If CMS is at a low level, long positions should focus on altcoins, and short positions should focus on BTC, and vice versa. ---------------------------------------------------------------------------------------------------------- 简单介绍： 能够观察加密市场市场情绪 BTC和寨币的相对状态 如何工作： 1、加密市场一般的上涨过程为 BTC → ETH → 大市值山寨 → 小市值山寨，当资金无法推动大市值的BTC上涨时，资金就会逐渐流向市值较小的山寨，直到一轮上涨结束。 2、选取ETH作为altcoins的代表，通过ETH与BTC的关系来了解加密市场的情绪和目前上涨的阶段。 3、数学原理：将ETH的价格/BTC的价格，随后将其带入RSI公式 如何使用： 1、与RSI指标类似，当cms进入超买时，代表寨币市场的活跃，市场情绪热烈，上涨进入尾声。 2、当cms进入超卖时，为上涨中BTC领涨的阶段或下降过程中资金回流BTC。 3、如果cms在低位，做多应关注altcoins，做空应关注btc，反之亦然。
Pine Script™ indicator
by Oxyg_
My LONG and SHORT signals and Bullish and Bearish by seatripsLONG and SHORT signal generation: The LONG and SHORT signals in this script are generated based on a combination of sentiment, price strength, and volume strength calculations. The following parameters and calculations are used in determining these signals: Sentiment: The sentiment is calculated using a Simple Moving Average ( SMA ) of the SMO (oscillator) over a specified sentiment_length. Price Strength: The price strength is calculated as the percentage change in the closing price compared to the previous closing price. Volume Strength: The volume strength is calculated as the percentage change in the trading volume compared to the previous trading volume . Custom Oscillator: This oscillator is calculated as the difference between price strength and volume strength, followed by calculating its SMA over a specified strength_length. The LONG signal is triggered when: The sentiment_diff (difference between the oscillator and the SMA oscillator) is greater than 0, and the close price is greater than the fast EMA ( Exponential Moving Average ) of the close price, OR The custom oscillator crosses over its SMA , and the close price is greater than the open price, and the close price of the previous period is greater than the close price of two periods ago. The SHORT signal is triggered when: The sentiment_diff is less than 0, and the close price is less than the fast EMA of the close price, OR The custom oscillator crosses under its SMA , and the close price is less than the open price, and the close price of the previous period is less than the close price of two periods ago. Color change description: The color change in this script is based on the relationship between the close price and the highest/lowest SMAs of the high/low price over a specified lengthInputRoR. The following colors are used: Green: Bullish area (close price is greater than the highest SMA of the high price) Red: Bearish area (close price is less than the lowest SMA of the low price) Yellow: Neutral area (close price is between the highest and lowest SMAs of the high and low prices) Color meaning description: Yellow (Neutral Area): This color indicates that the close price is between the highest and lowest SMAs of the high and low prices, signaling more caution and uncertainty in the market. Green ( Bullish Area): This color represents a bullish market condition where the close price is greater than the highest SMA of the high price, suggesting a higher probability of a successful LONG position. Red ( Bearish Area): This color signifies a bearish market condition where the close price is less than the lowest SMA of the low price, indicating a higher probability of a successful SHORT position. Support and Resistance lines explanation: Support and resistance lines are calculated based on the highest and lowest prices over a specified number of periods. These lines are used to identify significant price levels where the market may experience increased buying or selling pressure. Resistance: The resistance line is calculated using the highest high price over a specified number of periods. This line represents a price level where selling pressure is expected to increase, making it more difficult for the price to rise further. Traders often consider resistance levels as potential entry points for SHORT positions or exit points for LONG positions. Support: The support line is calculated using the lowest low price over a specified number of periods. This line represents a price level where buying pressure is expected to increase, making it more difficult for the price to fall further. Traders often consider support levels as potential entry points for LONG positions or exit points for SHORT positions. The resistance and support lines are plotted using different colors to help traders visualize the important price levels where the market may experience a reversal or consolidation. Final Words: This script provides LONG and SHORT signals and alerts based on a combination of sentiment, price strength, and volume strength calculations. It is designed to serve as a high-quality aid for executing well-informed trading ideas. However, it's important to note that the LONG and SHORT signals and alerts generated by this script should not be considered as trading advice. Traders should always conduct their own research and analysis before making any trading decisions. The script aims to assist in visualizing important market trends and price levels, helping traders make more informed decisions based on their personal trading strategies.
Pine Script™ indicator
by CR-JE
3
Regular Trading Hour Sessions for America, Asia and EUThis trading view script is a simple one but I find it very helpful in spotting changes in trend of FX. The basic idea is to create a visual direction from the previous session to the next new session. The concept while basic provides visual trend direction and changes as session change. The three sessions are: 1. Asia from 2130-0400 2. Europe from 0300-1130 3. America from 0930-1600 When you use a line chart you will see the default line when no sessions are active. Features I plan to add * Tracking delta of each session * Moving Averages of each session * Momentum of each session * Delta difference My ultimate goal for this script will be to provide a way to visualize the impact of each session and provide data to buy/sell triggers for Trading Strategies. Please provide feedback and if you use the script or add a feature please update me or send me the feature to add to the script.
Pine Script™ indicator
by SPYvsGME
3
Equilibrium╭━━━╮╱╱╱╱╱╱╭╮╱╭╮ ┃╭━━╯╱╱╱╱╱╱┃┃╱┃┃ ┃╰━━┳━━┳╮╭┳┫┃╭┫╰━┳━┳┳╮╭┳╮╭╮ ┃╭━━┫╭╮┃┃┃┣┫┃┣┫╭╮┃╭╋┫┃┃┃╰╯┃ ┃╰━━┫╰╯┃╰╯┃┃╰┫┃╰╯┃┃┃┃╰╯┃┃┃┃ ╰━━━┻━╮┣━━┻┻━┻┻━━┻╯╰┻━━┻┻┻╯ ╱╱╱╱╱╱┃┃ ╱╱╱╱╱╱╰╯ Overview Equilibrium is a tool designed to measure the buying & selling pressure in the market. It is depicted as a “pressure gauge” that automatically adjusts as new candles are formed, providing a real-time indication of who's on top right now, buyers or sellers? Background Supply & demand is considered to be the main driving force of our modern economies, where the interaction between the two parties(sellers & buyers) leads to the determination of the fair price for a given product. Stock markets are no exception, they operate very much based around the idea of supply & demand. In simple terms, supply refers to the availability of a product, and demand is the willingness of consumers to buy that product at a given price. It is obvious that different vendors may sell the same product at slightly different prices, and similarly, different customers may choose to buy the same product from different vendors at varying prices. The idea is that the price is allowed to fluctuate from time to time, but in a free & fair market, the price will eventually settle down to a value that makes both the parties happy. Such a state is known as the “Price-Equilibrium”, and this process is also referred to as the market mechanism. This is the basic assumption around which this tool is based, the market is always trying to move towards a state of equilibrium. Calculations This tool takes a simplistic approach to estimate the degree of imbalance between buyers & sellers, here’s a brief summary of how the pressure is calculated: - We compute the total lengths of red & green candles for a given period, i.e. price range multiplied by the volume for that candle. - Then the distribution of each type of candle is calculated. - Assuming more red candles denote more selling pressure, and green candles denote buying pressure, the gauge is populated cell by cell. - As the pressure on one side increases, the intensity of the cell color also increases, signifying the extent to which one side is dominating. How to use it - The indicator is designed as a pressure gauge that moves up(vertical alignment) or to the right(horizontal alignment) as the buying pressure increases, and moves down or to the left as the selling pressure increases. How it is to be used & applied, that completely depends on your trading methodology. But, the general idea is that we expect the market to be in a state of equilibrium, and if that is not the case the tool will highlight that, and this is also where the opportunity lies to find suitable trades. - Just by having an idea about who’s dominating the market currently, a trader can also pick sides wisely. Remember, the market is always striving to come back a state of equilibrium, and a slight imbalance can indicate the current trend, and more importantly, who’s more likely to make the next move. User Settings The tool offers some minimal configurations for the end user: - You can choose to display the actual percentage value in the gauge(Show Text). - You can adjust colors that denote buyers & sellers. - You can change the layout of gauge, default is vertical(right side of the screen). - Last, and most important, you can adjust the number of candles to traverse for calculating the pressure. Default is 50, can go upto 1000.
Pine Script™ indicator
by sudoMode
10
Stock Dissect DashboardI developed this script, to help me in my analysis process of Stocks. In it I have combined several things that I look at when evaluating a company. First, there is the Macro part, where I have added the most important (at least for me) macro indicators, such as inflation, interest rates, initial jobless claims etc. Under the last is the latest reported value, next we have the previous, and next to them is the change. Underneath it is the technical part. I have added the 1-Week, 1-Month, 3-Month, and 1-Year returns. This way I can easily see the performance of the stock over time. We have a market regime indicator, which tells us whether the stock is Trending, Mean-Reverting, or Neutral. Also, I've added the RSI and 50 and 200 Day Moving Averages for additional analysis At the bottom, I've included some of the fundamentals that I look at in my analysis process. We have the PE and PB ratio, as well as the debt-to-equity and profit margins. I hope you guys like it and saves you as much time and energy as it did for me. Happy trading!
Pine Script™ indicator
by RickHardyPro
2
30 Second Futures Session Open RangeThis indicator displays 30 second opening ranges from Globex, Europe, and RTH sessions. From the RTH session range, it also displays infinitely generating Price Targets based on a % of the opening range size. I am retrieving the 30 second data using the new "request.security_lower_tf()" function. The importance of these levels is based on the idea that when the market opens, algorithms establish their positions within the first 30 seconds. These areas can also be seen as potential areas of support and resistance throughout the sessions. Enjoy!
Pine Script™ indicator
by SamRecio
30
Big 8 Intraday TICKAt the start of each trading day (0930 EST), this indicator calculates the intraday price difference between open and close for the eight largest market cap stocks (AAPL, AMZN, GOOGLE, META, MSFT, NFLX, NVDA, and TSLA), assigns a +/-1 for each, and then plots the cumulative change. An EMA has been added for smoothing purposes that is set to 5 but can be changed. Please note indicator is best used on lower timeframes (15 min or less) and has no applicability to time frames above 1 hour. The thought behind this indicator is those eight major stocks drive a majority of intraday price change in indices like SPY and QQQ that are heavily weighted towards these stocks, therefore they should be a leading indicator in price change. You can often catch a move in SPY or QQQ one to two bars (on 1 min chart) ahead of the actual move because you see this indicator moving strong to one direction. It's not perfect as there are divergences you will see when you compare historical charts, but oftentimes those divergences ultimately lead to significant price swings in the same direction as this indicator, so recommend being on watch to pull the trigger when you see those and price confirms. You can use this indicator in a few ways: 1. Confirmation that your current trade is in the same direction as this indicator 2. Use the zero cross as a trigger for put or call entry 3. Focusing only on calls/longs if the value is above 0, or only puts/shorts if the value is below zero. Just be sure to keep an eye on reversals. If you have recommendations on how to improve, let me know and I'll do my best to make changes.
Pine Script™ indicator
by BigGuavaTrading
15
Institutional Strength & Flow (Expo)█ Overview The Institutional Strength & Flow (Expo) Indicator is a tool that's designed to help traders identify institutional activity in the market. Institutional investors, such as hedge funds and investment banks, have a major impact on the market. By tracking their activity, traders can gain insights into the direction of the market and make more informed trading decisions. █ How is Institutional Strength & Flow calculated? Institutional strength and flow refer to the large trades made by institutional investors, such as pension funds, hedge funds, and mutual funds. These investors manage large amounts of money and can make significant trades that move the market. As a result, it is essential to understand and interpret the impact of these trades on the price of an asset. To calculate institutional strength and flow, you would need access to information on the amount of money institutional investors have to invest in the market and the volume of their trades. Unfortunately, this information is not readily available to retail traders. There are, however, some proxies for institutional strength and flow that can be used to approximate these values by looking at other factors correlated with institutional activity. Three factors are: The average trading volume over a given period. The strength of the price changes. The given volatility. This indicator uses these approximate values to calculate the institutional strength and flow. █ How to use Market trends One of the key benefits of the indicator is that it can help traders identify market trends. By tracking institutional activity, we can get a sense of which way the market is headed. Market sentiment Institutional strength and flow can also provide insight into market sentiment. Positive institutional flow indicates that institutional investors are buying a particular market or security. This could be a sign of bullish sentiment and may indicate that prices are likely to rise. Negative institutional flow indicates that institutional investors are selling a particular market or security. This could be a sign of bearish sentiment and may indicate that prices are likely to fall. Divergences Another way to use the indicator is to look for divergences between the indicator and the price of a particular stock or market. For example, if the price of a stock is trending upwards, but the indicator is trending downwards, this could be an indication that the market is weakening and a good time to sell. Conversely, if the price of a stock is trending downwards, but the indicator is trending upwards, this could be a sign that the market is strengthening and a good time to buy. Overbought and Oversold Use the divergences to look for overbought or oversold conditions. If the indicator is above its scaling factor of 1, this could indicate that the market is overbought and due for a correction. Conversely, if the indicator is below 0, this could indicate that the market is oversold and due for a rebound. █ Indicator Features The main features are: Institutional Strength Institutional Flow Additional features: Volatility Bands ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator
by Zeiierman
13
Majors HOD/LODThis simple script detects when the major American sectors — technology ( QQQ ), financials ( XLF ), and healthcare ( XLV ) — are at the high or low of the current day at the same time. This information can be useful to gauge the potential strength or weakness of the trading day. The script uses the security function to pull in data from the three major indices and keeps a running cache of the high and low of the day regardless of the time frame selected. A small table in the top right corner displays the current status of the major sectors. The display table can read: "Mixed" - Major sectors are not at the high or low of the day at the same time "Majors @ HOD" - Major sectors are at the high of day at the same time "Majors @ LOD" - Major sectors are at the low of the day at the same time Labels (optional) show past moments when the major sectors were at the high or low of the day at the same time. A green label above a candle indicates major sectors were at the high of the day at the same time, and a red label below a candle indicates major sectors were at the low of the day at the same time. These labels can be toggled on or off in the indicator settings. To receive an alert when either condition happens (all majors at high of day or all majors at low of day), click the more (...) icon next to the indicator settings button and click "Add alert on Majors HOD/LOD". If you notice any problems with the script, feel free to DM me.
Pine Script™ indicator
by Level8Trading
Recession Warning Traffic LightThis is an indicator that uses 6 different metrics to determine the combined probability of a recession and compares the high probability warning periods against actual historical periods of recession. GREEN tells us that the referenced recession indicators are not exhibiting any warning. Observe the long stretches of “all-green” in between recessionary periods in the chart above. RED will show a full-on warning level for that particular recession indicator, signaling that monitoring of this sector is clearly showing a problem – which has in the past, reliably exhibited itself as a forewarning of recessions. Adding green and red together can help determine a combined probability of recession. IMPORTANT: Your chart should be on 1d and set to SPX , DJI ,or NDQ indices Precious metals: This indicator calculates the relative prices of Gold & rhodium. Gold is a flight-to-quality asset. Rhodium is the rarest of precious industrial metals and prices spike when the economy is heating up. In front of a recession, the upper relative movement of rhodium precedes gold. Stock markets: This indicator compares closing prices to growth rate curves of the SPX. This indication is the noisiest but tells us very well when the recession has ended. Stock market indices, which respond to “smart money” moving out of markets when the other indicators begin to warn of recession, or when markets become overheated and rise to historically unsustainable levels. Yield curve: This indicator compares the 3m & 10y treasuries and detects yield curve inversions. Interest rates are controlled by the Federal Reserve and by the purchasers in the Federal Treasury auction markets, which together create the treasury yield curve. This inversion is the most reliable recession indicator. These happen during a flight to quality. Federal Reserve: This indicator measures GDP and detects contraction which is technically a recession. This is usually one of the last indicators to enter a Warning state, and it could be 6 months delayed simply confirming what may have already been projected. Money Supply. This indicator measures the M2 money supply, which typically grows about 1% per calendar quarter. When this shrinks, it's tapping the brakes on the economy. This can also lead to yield curve inversion. This is also a measure of inflation and its effects on the aggregate money supply (liquid capital) available for short-term economic activity, or which can be directed into the purchase of long-term, less liquid assets. Leading Economic factors: There is a whole basket of leading economic indicators that, as collections, reflect overall growth or contraction of economic activity. These indicators include measures of level and growth in productivity, employment, housing, consumer confidence, industrial purchasing confidence, and much more. These indicators may or may not be detached from the broader economy, and often provide up to 6 months of foresight. For more information please visit www.conference-board.org Actual Recession: Central Bank indicators are published by the Federal Reserve and reflect their own analysis of national and regional economic health, as well as their calculations of the likelihood of a recession. The Federal Reserve has a recession ticker which is used to plot periods of actual recessions on this indicator for comparison.
Pine Script™ indicator
by BarefootJoey
27
TICK - Custom Tickers [Pt]Traditionally, the TICK index is a technical analysis indicator that shows the difference in the number of stocks that are trading on an uptick vs a downtick in a particular period of time. This indicator allows user to choose up to 40 tickers to calculate TICK. By default, it uses the SPY Top 40 stocks, but can be changed to any tickers. There are options to show: - Top 7 , ie. can be used for just showing TICK for FAANGMT => $FB + $AMZN + $AAPL + $NFLX + $GOOG + $MSFT + $TSLA - Top 10 - Top 20 - Top 30 - Top 40 Data can be displayed in candle bars, line, or both. Enjoy~
Pine Script™ indicator
by PtGambler
4