GapAura: Dynamic Gap [AstroHub]GapAura is a powerful indicator designed to analyze and visualize price gaps on your charts. It focuses on the key levels created by gaps between the open of the current day and the close of the previous day. The indicator connects these gap levels with trend-like lines, allowing traders to easily identify significant price movements and potential turning points in the market.
GapCloud automatically differentiates between upward and downward gaps, helping traders visualize important support and resistance levels that emerge following these gaps. The lines representing these gaps behave like trend lines, providing clear and actionable insights for market analysis. Unlike traditional gap indicators, GapCloud offers a dynamic approach to gap visualization, making it easier for traders to assess the impact of price gaps on future market movement.
How to Use:
Gap Up: When the open of the current day is higher than the close of the previous day, GapCloud draws a line connecting these two levels. This visualizes the gap upward and helps identify the trend direction, as well as potential support zones.
Gap Down: When the open of the current day is lower than the close of the previous day, the indicator draws a line that connects these levels, showing a downward gap. This can highlight potential resistance levels.
The lines for each gap are connected to form continuous trend-like levels, giving traders a clear picture of market structure. These lines can also be used to identify areas of strong support or resistance, and potential turning points where the price may reverse or continue in the same direction.
What Makes This Indicator Unique:
GapCloud stands out by transforming gaps into trend-like lines, offering more than just a simple visualization of the gap itself. By connecting the open and close levels of the current and previous day, it allows traders to see how these price differences can act as significant support or resistance levels. These lines help traders spot market trends and potential reversals more clearly, giving them an edge in making more informed trading decisions.
The ability to visualize gaps as trend lines gives traders a unique advantage in understanding market behavior. Gaps are not just seen as isolated events; they are integrated into the overall market structure and can provide critical insights into the potential price direction.
In addition to this, GapCloud offers a high degree of customization. Users can adjust the thickness, style, and color of the gap lines to fit their trading preferences and style. This makes the indicator adaptable to various types of trading strategies, from short-term to long-term analysis.
Key Features:
Identifies and visualizes gaps between the open of the current day and the close of the previous day.
Converts gap levels into trend-like lines, providing clarity and actionable insights for traders.
Helps identify potential support and resistance levels based on gap locations.
Fully customizable settings, including line thickness, style, and color, to suit individual trading preferences.
Provides a dynamic approach to gap analysis, helping traders forecast market direction and potential reversals with greater accuracy.
GapCloud is an essential tool for any trader looking to enhance their market analysis. By visualizing price gaps as connected trend lines, it simplifies the process of identifying key levels and market structure, giving traders an edge in understanding price movements and making more informed decisions.
Linha de Avanço/Declínio
McClellan A-D Volume Integration ModelThe strategy integrates the McClellan A-D Oscillator with an adjustment based on the Advance/Decline (A-D) volume data. The McClellan Oscillator is calculated by taking the difference between the short-term and long-term exponential moving averages (EMAs) of the A-D line. This strategy introduces an enhancement where the A-D volume (the difference between the advancing and declining volume) is factored in to adjust the oscillator value.
Inputs:
• ema_short_length: The length for the short-term EMA of the A-D line.
• ema_long_length: The length for the long-term EMA of the A-D line.
• osc_threshold_long: The threshold below which the oscillator must drop for an entry signal to trigger.
• exit_periods: The number of periods after which the position is closed.
• Data Sources:
• ad_advance and ad_decline are the data sources for advancing and declining issues, respectively.
• vol_advance and vol_decline are the volume data for the advancing and declining issues. If volume data is unavailable, it defaults to na (Not Available), and the fallback logic ensures that the strategy continues to function.
McClellan Oscillator with Volume Adjustment:
• The A-D line is calculated by subtracting the declining issues from the advancing issues. Then, the volume difference is applied to this line, creating a “weighted” A-D line.
• The short and long EMAs are calculated for the weighted A-D line to generate the McClellan Oscillator.
Entry Condition:
• The strategy looks for a reversal signal, where the oscillator falls below the threshold and then rises above it again. The condition is designed to trigger a long position when this reversal happens.
Exit Condition:
• The position is closed after a set number of periods (exit_periods) have passed since the entry.
Plotting:
• The McClellan Oscillator and the threshold are plotted on the chart for visual reference.
• Entry and exit signals are highlighted with background colors to make the signals more visible.
Scientific Background:
The McClellan A-D Oscillator is a popular market breadth indicator developed by Sherman and Marian McClellan. It is used to gauge the underlying strength of a market by analyzing the difference between the number of advancing and declining stocks. The oscillator is typically calculated using exponential moving averages (EMAs) of the A-D line, with the idea being that crossovers of these EMAs indicate potential changes in the market’s direction.
The integration of A-D volume into this model adds another layer of analysis, as volume is often considered a leading indicator of price movement. By factoring in volume, the strategy becomes more sensitive to not just the number of advancing or declining stocks but also how significant those movements are based on trading volume, as discussed in Schwager, J. D. (1999). Technical Analysis of the Financial Markets. This enhanced version aims to capture stronger and more sustainable trends in the market, helping to filter out false signals.
Additionally, volume analysis is often used to confirm price movements, as described in Wyckoff, R. (1931). The Day Trading System. Therefore, incorporating the volume of advancing and declining stocks in the McClellan Oscillator offers a more robust signal for trading decisions.
Cryptocurrency SentimentOverview
This script focuses on calculating and visualizing the sentiment difference between LONG positions and SHORT positions for a selected cryptocurrency pair on the Bitfinex exchange. It provides a clean and clear visual representation of the sentiment, helping traders analyze market behavior.
Key Features
Dynamic Symbol Selection:
The script automatically detects the cryptocurrency symbol from the chart (syminfo.basecurrency) and dynamically constructs the LONGS and SHORTS ticker symbols.
Works seamlessly for pairs like BTCUSD, ETHUSD, and others available on Bitfinex.
Sentiment Calculation:
The sentiment difference is calculated as:
Sentiment Difference=−1×(100− SHORTS/LONGS ×100)
LONGS : The total number of long positions.
SHORTS : The total number of short positions.
If SHORTS is 0, the value is safely skipped to avoid division errors.
Color Coding:
The script visually highlights the sentiment difference:
Green Line: Indicates that LONG positions are dominant (bullish sentiment).
Red Line: Indicates that SHORT positions are dominant (bearish sentiment).
Zero Reference Line:
A gray horizontal line at 0 helps users quickly identify the transition between bullish (above zero) and bearish (below zero) sentiment.
How It Works
Fetching Data:
The script uses request.security to fetch LONGS and SHORTS data at the current chart timeframe (timeframe.period) for the dynamically generated Bitfinex tickers.
Handling Data:
Missing or invalid data (NaN) is filtered out to prevent errors.
Extreme spikes or irregular values are safely avoided.
Visualization:
The sentiment difference is plotted with dynamic color coding:
Green when LONGS > SHORTS (bullish sentiment).
Red when SHORTS > LONGS (bearish sentiment).
Benefits
Market Sentiment Insight: Helps traders quickly identify if the market is leaning towards bullish or bearish sentiment based on actual LONG and SHORT position data.
Dynamic and Adaptive: Automatically adjusts to the selected cryptocurrency symbol on the chart.
Clean Visualization: Focuses solely on sentiment difference with color-coded signals, making it easy to interpret.
Best Use Cases
Trend Confirmation: Use the sentiment difference to confirm trends during bullish or bearish moves.
Market Reversals: Identify potential reversals when sentiment shifts from positive (green) to negative (red) or vice versa.
Sentiment Monitoring: Monitor the overall market bias for cryptocurrencies like BTC, ETH, XRP, etc., in real-time.
Sample Chart Output
Above Zero → Green Line: Bullish sentiment dominates.
Below Zero → Red Line: Bearish sentiment dominates.
Zero Line → Transition point for shifts in sentiment.
Open to High/Low % Movementto track the movement of open to low and open to high in % terms, please create a trading view pine script which can plot this movement in a separate chart
Triple VWAP# Triple VWAP Indicator
## Description
The Triple VWAP Indicator is a powerful tool for traders who rely on Volume Weighted Average Price (VWAP) in their analysis. This indicator displays three VWAP lines on a single chart, each representing a different time frame: Session, Weekly, and Monthly.
## Features
- Session VWAP (Blue Line): Resets daily, providing intraday volume-weighted average price.
- Weekly VWAP (Green Line): Resets weekly, offering a medium-term perspective.
- Monthly VWAP (Red Line): Resets monthly, giving a longer-term view of price action relative to volume.
## How It Works
The indicator calculates the VWAP for each time frame separately, using the specified price source (default is HLC3). It then plots these values on your chart, allowing you to see how the current price compares to the volume-weighted average across different time periods.
## Use Cases
- Multi-timeframe Analysis: Compare short-term price movements against longer-term trends.
- Support and Resistance: VWAP lines often act as dynamic support/resistance levels.
- Mean Reversion: Identify potential overbought or oversold conditions when price deviates significantly from VWAP.
- Trend Confirmation: Use multiple VWAP lines to confirm trend strength and potential reversals.
## Customization
Users can customize the indicator by changing the price source and offset in the settings. The color and thickness of each VWAP line can also be adjusted in the code for personal preference.
## Note
This indicator is most effective on intraday charts but can provide valuable insights on any time frame. Remember that VWAP is typically most relevant for institutional traders on a session-by-session basis.
Enhance your trading strategy with the Triple VWAP Indicator – a versatile tool for comprehensive price-volume analysis across multiple time frames.
HSI 15 MAS A/D LineHSI 15 MAS A/D Line
This script calculates the Advance-Decline Line (AD Line) for the top 15 most active stocks within the Hang Seng Index, representing a significant 65.82% of the index's total weight. The AD Line is a crucial breadth indicator, measuring the difference between the number of advancing and declining stocks within the selected 15 constituents. By tracking this cumulative difference over time, the AD Line provides insights into market trends and potential reversals, reflecting the underlying strength or weakness of the market.
Features :
Top 15 Constituents : The script focuses on the 15 most influential stocks based on their weight in the Hang Seng Index, ensuring that the analysis is concentrated on the stocks that most impact the index's movements.
Advance-Decline Calculation : The script calculates whether each stock in the list is advancing or declining on a given day and then sums these values to create the AD Line.
Cumulative Indicator : The AD Line is plotted as a cumulative indicator, providing a clear visual representation of the overall market trend based on the breadth of advancing versus declining stocks.
How It Works :
Symbol Input : The script uses TradingView's `request.security` function to pull data for each of the 15 stocks.
Calculation of Advances and Declines : For each stock, the script determines whether it is advancing or declining compared to the previous day’s closing price.
Cumulative Sum : The script then cumulatively sums the number of advancing stocks minus the declining ones to plot the AD Line.
Use Case :
This AD Line is useful for traders and analysts who want to gauge the strength of the market trend beyond just price movement, by analyzing how many stocks are participating in the trend. It's particularly effective in confirming or questioning the sustainability of a trend, making it a valuable tool in both bullish and bearish market conditions.
Important Notes :
Ensure that the 15 selected stocks represent a diverse cross-section of sectors within the Hang Seng Index for a more accurate reflection of the market’s overall health.
The AD Line should be used in conjunction with other technical indicators to make more informed trading decisions.
Murrey Math
The Murrey Math indicator is a set of horizontal price levels, calculated from an algorithm developed by stock trader T.J. Murray.
The main concept behind Murrey Math is that prices tend to react and rotate at specific price levels. These levels are calculated by dividing the price range into fixed segments called "ranges", usually using a number of 8, 16, 32, 64, 128 or 256.
Murrey Math levels are calculated as follows:
1. A particular price range is taken, for example, 128.
2. Divide the current price by the range (128 in this example).
3. The result is rounded to the nearest whole number.
4. Multiply that whole number by the original range (128).
This results in the Murrey Math level closest to the current price. More Murrey levels are calculated and drawn by adding and subtracting multiples of the range to the initially calculated level.
Traders use Murrey Math levels as areas of possible support and resistance as it is believed that prices tend to react and pivot at these levels. They are also used to identify price patterns and possible entry and exit points in trading.
The Murrey Math indicator itself simply calculates and draws these horizontal levels on the price chart, allowing traders to easily visualize them and use them in their technical analysis.
HOW TO USE THIS INDICATOR?
To use the Murrey Math indicator effectively, here are some tips:
1. Choose the appropriate Murrey Math range : The Murrey Math range input (128 by default in the provided code) determines the spacing between the levels. Common ranges used are 8, 16, 32, 64, 128, and 256. A smaller range will give you more levels, while a larger range will give you fewer levels. Choose a range that suits the volatility and trading timeframe you're working with.
2. Identify potential support and resistance levels: The horizontal lines drawn by the indicator represent potential support and resistance levels based on the Murrey Math calculation. Prices often react or reverse at these levels, so they can be used to spot areas of interest for entries and exits.
3. Look for price reactions at the levels: Watch for price action like rejections, bounces, or breakouts at the Murrey Math levels. These reactions can signal potential trend continuation or reversal setups.
4. Trail stop-loss orders: You can place stop-loss orders just below/above the nearest Murrey Math level to manage risk if the price moves against your trade.
5. Set targets at future levels: Project potential profit targets by looking at upcoming Murrey Math levels in the direction of the trend.
7. Adjust range as needed: If prices are consistently breaking through levels without reacting, try adjusting the range input to a different value to see if it provides better levels.
In which asset can this indicator perform better?
The Murrey Math indicator can potentially perform well on any liquid financial asset that exhibits some degree of mean-reversion or trading range behavior. However, it may be more suitable for certain asset classes or trading timeframes than others.
Here are some assets and scenarios where the Murrey Math indicator can potentially perform better:
1. Forex Markets: The foreign exchange market is known for its ranging and mean-reverting nature, especially on higher timeframes like the daily or weekly charts. The Murrey Math levels can help identify potential support and resistance levels within these trading ranges.
2. Futures Markets: Futures contracts, such as those for commodities (e.g., crude oil, gold, etc.) or equity indices, often exhibit trading ranges and mean-reversion trends. The Murrey Math indicator can be useful in identifying potential turning points within these ranges.
3. Stocks with Range-bound Behavior: Some stocks, particularly those of large-cap companies, can trade within well-defined ranges for extended periods. The Murrey Math levels can help identify the boundaries of these ranges and potential reversal points.
4. I ntraday Trading: The Murrey Math indicator may be more effective on lower timeframes (e.g., 1-hour, 30-minute, 15-minute) for intraday trading, as prices tend to respect support and resistance levels more closely within shorter time periods.
5. Trending Markets: While the Murrey Math indicator is primarily designed for range-bound markets, it can also be used in trending markets to identify potential pullback or continuation levels.
Market Internals & InfoThis script provides various information on Market Internals and other related info. It was a part of the Daily Levels script but that script was getting very large so I decided to separate this piece of it into its own indicator. I plan on adding some additional features in the near future so stay tuned for those!
The script provides customizability to show certain market internals, tickers, and even Market Profile TPO periods.
Here is a summary of each setting:
NASDAQ and NYSE Breadth Ratio
- Ratio between Up Volume and Down Volume for NASDAQ and NYSE markets. This can help inform about the type of volume flowing in and out of these exchanges.
Advance/Decline Line (ADL)
The ADL focuses specifically on the number of advancing and declining stocks within an index, without considering their trading volume.
Here's how the ADL works:
It tracks the daily difference between the number of stocks that are up in price (advancing) and the number of stocks that are down in price (declining) within a particular index.
The ADL is a cumulative measure, meaning each day's difference is added to the previous day's total.
If there are more advancing stocks, the ADL goes up.
If there are more declining stocks, the ADL goes down.
By analyzing the ADL, investors can get a sense of how many stocks are participating in a market move.
Here's what the ADL can tell you:
Confirmation of Trends: When the ADL moves in the same direction as the underlying index (e.g., ADL rising with a rising index), it suggests broad participation in the trend and potentially stronger momentum.
Divergence: If the ADL diverges from the index (e.g., ADL falling while the index is rising), it can be a warning sign. This suggests that fewer stocks are participating in the rally, which could indicate a weakening trend.
Keep in mind:
The ADL is a backward-looking indicator, reflecting past market activity.
It's often used in conjunction with other technical indicators for a more complete picture.
TRIN Arms Index
The TRIN index, also called the Arms Index or Short-Term Trading Index, is a technical analysis tool used in the stock market to gauge market breadth and sentiment. It essentially compares the number of advancing stocks (gaining in price) to declining stocks (losing price) along with their trading volume.
Here's how to interpret the TRIN:
High TRIN (above 1.0): This indicates a weak market where declining stocks and their volume are dominating the market. It can be a sign of a potential downward trend.
Low TRIN (below 1.0): This suggests a strong market where advancing stocks and their volume are in control. It can be a sign of a potential upward trend.
TRIN around 1.0: This represents a more balanced market, where it's difficult to say which direction the market might be headed.
Important points to remember about TRIN:
It's a short-term indicator, primarily used for intraday trading decisions.
It should be used in conjunction with other technical indicators for a more comprehensive market analysis. High or low TRIN readings don't guarantee future price movements.
VIX/VXN
VIX and VXN are both indexes created by the Chicago Board Options Exchange (CBOE) to measure market volatility. They differ based on the underlying index they track:
VIX (Cboe Volatility Index): This is the more well-known index and is considered the "fear gauge" of the stock market. It reflects the market's expectation of volatility in the S&P 500 index over the next 30 days.
VXN (Cboe Nasdaq Volatility Index): This is a counterpart to the VIX, but instead gauges volatility expectations for the Nasdaq 100 index over the coming 30 days. The tech-heavy Nasdaq can sometimes diverge from the broader market represented by the S&P 500, hence the need for a separate volatility measure.
Both VIX and VXN are calculated based on the implied volatilities of options contracts listed on their respective indexes. Here's a general interpretation:
High VIX/VXN: Indicates a high level of fear or uncertainty in the market, suggesting investors expect significant price fluctuations in the near future.
Low VIX/VXN: Suggests a more complacent market with lower expectations of volatility.
Important points to remember about VIX and VXN:
They are forward-looking indicators, reflecting market sentiment about future volatility, not necessarily current market conditions.
High VIX/VXN readings don't guarantee a market crash, and low readings don't guarantee smooth sailing.
These indexes are often used by investors to make decisions about portfolio allocation and hedging strategies.
Inside/Outside Day
This provides a quick indication of it we are still trading inside or outside of yesterdays range and will show "Inside Day" or "Outside Day" based upon todays range vs. yesterday's range.
Custom Ticker Choices
Ability to add up to 5 other tickers that can be tracked within the table
Show Market Profile TPO
This only shows on timeframes less than 30m. It will show both the current TPO period and the remaining time within that period.
Table Customization
Provided drop downs to change the text size and also the location of the table.
Auto Fibonacci Retracement // Atilla YurtsevenOverview:
This Pine Script™ is a specialized tool for traders, designed to automatically plot Fibonacci retracement levels over a user-defined date range in trading charts. It also indicates the extent of price retracement within these levels.
Key Features:
Date Range Customization: Users can specify the start and end dates to focus the analysis on a particular trading period.
Dynamic Fibonacci Levels: The script includes various Fibonacci ratios (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), with the flexibility to enable or disable individual levels.
Visual Customization: Each Fibonacci level can be customized for color and line style (solid, dotted, dashed). Labels for each level are also configurable.
Retracement Measurement: The script not only draws the Fibonacci levels but also measures and displays how much the price has retraced within these levels.
Extension and Additional Options: Users have options to extend the Fibonacci lines and additional features such as using close values, trend drawing, date range display, and more.
Technical Insights:
The script identifies high and low values within the selected time frame, assessing the market's trend direction.
Within the specified date range, this script effortlessly plots the Fibonacci levels automatically, bringing clarity and precision to your market analysis as it unfolds.
The tool's adaptability makes it suitable for various trading styles and chart preferences.
Intended Use:
This script is particularly valuable for technical analysts and traders who use Fibonacci retracements to identify potential support and resistance areas and understand the depth of market corrections or rallies.
Disclaimer:
This Pine Script™ is offered 'as is', without any guarantees or warranties. It is intended for informational purposes and should not be taken as investment advice. Atilla Yurtseven, the creator of this script, assumes no responsibility for any financial losses or gains that may result from its usage. Users should perform their own due diligence and consult with professional advisors before making any investment decisions.
Remember to follow and comment!
Trade smart, stay safe
Atilla Yurtseven
NYSE & NASDAQ Advance Minus Decline OscillatorThis indicator is meant to observe NYSE & NASDAQ Advance minus Decline Oscillator in one. It also paints extreme levels at +2000 and -2000. It is used in combination to identify changes across the two markets or to observe broad market strength/weakness.
Deemer Breakaway Momentum ThrustBreakaway momentum is a "breadth thrust" coined by Walter Deemer in the 1970s that occurs when the ten-day total advances on the NYSE are greater than 1.97 times the ten-day total NYSE declines.
This indicator calculates the ratio and plots it as a histogram. The 1.97 threshold is also plotted as a horizontal line. Anytime the histogram gets above the line Breakaway Momentum has occurred.
This is a rare signal that has only happened 25 times since 1945.
(CM|DB) Caruso Market DashboardThe Caruso Market Dashboard (CM|DB) provides a snapshot of key US market data, market internals (breadth), and economic statistics. It displays real-time prices of seven major markets along with daily updates of the put/call ratio and multiple breadth measurements. Lastly, it displays the Federal Reserve’s balance sheet and 4-week change of assets held to help investors keep abreast of important FED changes in policy.
Presented for both the Nasdaq and NYSE composites and updated at the end of each trading day, the market breadth section shows:
· the number of net 52-week highs and lows
· the actual number of new 52-week highs and 52-week lows.
· The percentage of volume traded on up stocks vs. total volume
· The percentage of stocks advancing vs. all stocks
· Percentage of stocks above their 5-day average
· Percentage of stocks above their 50-day average
· Percentage of stocks above their 200-day average
In addition to presenting all of this valuable information in a table, users can hide the table and plot each market and economic data point. This is very helpful when viewing trends as well as overbought and oversold levels for these data points.
TICK IndicatorSimilar to the USI:ADD index, the NYSE TICK index measures the number of stocks with in the index with positive ticks versus negative ticks. Levels such as +/- 1000 or +/- 2000 can be considered as areas of overbought and oversold.
Advance Decline IndexIn index investment, the USI:ADD is the Advance Decline Index that can be plotted in most charting platforms. Just like there is a volatility index for most major indeces (VIX, VOLQ) and even for Apple (CBOE:VXAPL), USI:ADD also has variations specific for the index you are analyzing (SPX: ADD, NASDAQ: ADDQ).
The USI:ADD index is a measurement of stocks in the index that are advancing (bullish) minus those that are declining (bearish), the exact formula being $ADV minus $DECL.
The basic idea of how to use the ADD index is that when the value is above 1000 it is considered overbought. Conversely, when the value is below -1000 it is considered oversold. When the value is near the medium line, it is not a good idea to trade as it is considered to be in a choppy market.
This script attempts to identify the correct Advance Decline Index for the index you are analyzing. It will plot the overbought and oversold levels that are applicable to the ADD line. If you are analyzing a stock, it will use the most appropriate ADD line for that stock sector or exchange.
Connors-Hayward Advance-Decline Trading PatternsThe following is an excerpt from Investment Secrets of a Hedge Fund Manager
"The Connors-Hayward Advance-Decline Trading Pattern (CHADTP) is a proprietary indicator we use to identify short- and intermediate-term overbought and oversold conditions for the stock market and the S&P 500 futures market...
Construction of the CHADTP indicator is simple:
Add the past five day's advancing issues from the New York Stock Exchange.
Add the past five day's declining issues from the NYSE.
Subtract #2 from #1.
Divide by five.
Here are the two rules to trade CHADTP:
When the five-day reading is above +400, the market is overbought; and when the five day reading is below -400, the market is oversold.
Unfortunately, just because the indicator is -400 does not mean we can blindly buy the market, and just because the indicator is +400 does not mean we should be a seller of the market.
Whenever we get an overbought or oversold reading, we wait for a specific price reversal before entering. When the CHADTP number is +400 or more, we will sell the market only after the S&P 500 futures trade .10 points below the previous day's low. For example, if we get a reading of +422 and today's low is 453.80 we will take a sell signal only if the market trades at 453.70 or below tomorrow. If tomorrow the market low is 454.60, and the CHADTP is above 400, we will only sell if the market trades at 454.50 or below the next day, and so on. On the buy side, if today's CHADTP number is -400 or less, we will buy only after tomorrow's S&P trades .10 points above today's high, and so on."
Note from Technicus Capital:
This method was created in 1995. Today, the volume and volatility of markets is much more significant and therefore the original overbought/oversold levels are no longer relevant.
Advance/Decline Line [IQ]Advance/Decline Line is a Market Breath indicator.
A/D line calculates a ratio between total number stocks advancing and total number of stocks in one day, providing another way to grasp the market breath at any moment.
We think the indicator covers the whole market, as we use data from the three main exchanges: NYSE, NASDAQ and AMEX.
The New York Stock Exchange (NYSE), nicknamed "The Big Board") is by far the world's largest stock exchange by market capitalization of its listed companies.
The Nasdaq Stock Market (NASDAQ) is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange.
The American Stock Exchange (AMEX) is the third largest stock exchange in the U.S. after the NYSE and the NASDAQ, and handles approximately 10% of all American trades.
How to interpret it:
Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside) and is market by a white bar (as signal).
Important:
For a better interpretation, the Advance/Decline Line indicator should be used in conjunction with other indicators (volatility, volume, etc.).
NASDAQ Advance/Decline Line 1.0NASDAQ Advance/Decline Line is a Market Breath indicator.
Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like!
A/D line calculates a ratio between total number of NASDAQ stocks advancing and total number of NASDAQ stocks in one day, providing another way to grasp the market breath at any moment.A
Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside).
For a better interpretation, NASDAQ Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.).
--------------------
NASDAQ here refers to the totality of assets listed on the NASDAQ exchange, not to the Nasdaq Composite index or the Nasdaq100 index.
NASDAQ is the second-largest stock exchange on earth, and operates the two major stock indexes based on companies that trade on its exchange: the Nasdaq Composite and the Nasdaq 100.
The Nasdaq Composite tracks the performance of more than 3,000 stocks listed on the Nasdaq while the Nasdaq 100 captures the performance of the exchange’s largest non-financial companies.
3commas GRID bot VisualisationHello everyone
This is a grid display indicator for a 3-comma grid bot.
Just enter the upper and lower borders of your grid and the number of grid cells in the indicator settings.
It's simple!
Advance Decline Line with Divergence Finder
The advance/decline line (A/D) is a breadth indicator used to show how many stocks are participating in a stock market rally or decline.
When major indexes are rallying, a rising A/D line confirms the uptrend showing strong participation.
If major indexes are rallying and the A/D line is falling, it shows that fewer stocks are participating in the rally which means the index could be nearing the end of its rally.
When major indexes are declining, a falling advance/decline line confirms the downtrend.
If major indexes are declining and the A/D line is rising, fewer stocks are declining over time, which means the index may be near the end of its decline.
For more info: www.investopedia.com
Deviation rate of Chinese stock market index// Deviation rate of Chinese stock market index
//The purpose of the indicator is to monitor the Chinese stock market index deviation rate to the 20EMA, so each major index can be observed longitudinally at the same time.
//This indicator give signal of which Index or instrument should you be focused and when should you enter the market to get a long or short position.
//The chart shows the deviation rate between the current price of each major index current price to the 20EMA.
//Also it count a deductive ratio between current price to the previous 20th bar close price to (which lead to the slope of the 20SMA)
//When using, adjust the corresponding period according to the chart period.
//The word DI (divergence) represents the deviation value between the current price and 20EMA, and DE (deduction) represents the deviation value between the current price and the 20 deduction price.
//Attention marker: The marker tells one of the moving average (EMA20 and MA20) is turning towards the opposite direction. When DE and DI one is plus , one is minus attention marker appear on the instrument title.
//Take the bull trend as an example. If the price is higher than ema20, the EMA20 is turning.If the price is higher than the close price of the bar 20 days ago , the sma20 is turning.
//When the ema20 has not turned around to opposite direction , and the ma20 is turning , the deviation rate of the moving average and the deviation rate of the deductible price are different in positive or negative.
//The marker as a reminder will appear on the instrument title.
//How to use this watchlist: You can freely replace the major indices with the instrument you are focused.
NYSE Advance/DeclineAn indicator for traders who trade intraday on the US market. It makes use of the symbols made available by TradingView to show the number of advancing vs declining stocks.
The GREEN AREA represents advancing issues. The INTENSE GREEN AREA represents the advancing issues at daily high.
The RED AREA represents declining issues. The INTENSE RED AREA represents the declining issues at daily low.
The part above the BLUE LINE represents issues which are trading above their VWAP (volume-weighted average prices).
BANKNIFTY Adv/Dec1) BANKNIFTY Index Advance-Decline count
2) Each session, it reads the number of stock are +Ve or -Ve
3) Whichever the side +Ve or -Ve side moving stock is more than count will be plotted
4) at +/- 7 drawn a dotted line if Count is > = +/-7 Nifty is moving in a strong army
Eg:-
in the current session, 7 Stock is moving in +Ve direction & 6 are in -Ve direction
7 count will be plotted in the chart
