Adjusted OBVThis script shows On-Balance Volume adjusted for volume weighted candle body size.
This means that the wick lengths, body length, and sell/buy pressure are calculated into percentages of volume that contributed to each.
The body volume is the accumulatively tracked across candles to give a more accurate On-Balance Volume that has been traded to achieve the current price over time.
The script output is in Orange and for comparison the original technical OBV is in Blue.
As this is my first script, I hope to update it to include a 'buy' and 'sell' pressure gauge to perhaps turn this from a mere indicator into potentially a bit more predictive.
In the meantime, it should be useful for tracking OBV for other uses in a more accurate and less volatile way.
Indicadores de Banda
Adjusted OBV with Cross & DivergenceOBV is a technical indicator used to observe changes in volume. Traditional OBV calculate all historical volume, it makes the OBV being usually higher than 0.
What I think of this is that calculating volume for a period of time is more useful than all historical volume.
So I made some adjustments to the OBV Period, only calculating the volume from the past 120 days.
Why It's 120 days?
Because I backtested COINBASE:BTCUSDT, it has better performance.
In addition, I also set up MA12 and MA30, which is the MA OF OBV. What it does is to provide entry signal for trading.
This is what you can use this indicator(see Chart):
1. OBV Divergence(Top divergence = bearish, Bottom divergence = bullish)
2. Observe the OBV is in Uptrend or Downtrend(Uptrend = bullish, Downtrend = bearish)
3. The crossing of two MA12 and MA30 can be used as an entry signal(Golden cross = bullish, Death Cross = bearish)
4. Use Deduction ball to see OBV goes up or down in the next few candles
How to know if OBV has Divergence?
Price Higher + Lower OBV = Top divergence
Price Lower + Higher OBV = Bottom divergence
How to see if OBV is in Uptrend or Downtrend?
If OBV is above MA12/MA30, it's in uptrend, if OBV is below MA12/MA30, it's downtrend.(See chart)
What is Deduction ball?
It's used to compare to the volume 120 days ago, this can help to see if OBV goes up or down in the next few candle.
Why use MA12/MA30 with 120 days volume?
Because I backtested COINBASE: BTCUSDT, and found that it has higher winning rate.
中文說明(Chinese Explanation):
OBV是用來觀察成交量變化的技術指標。 傳統的OBV計算所有的歷史成交量,使得OBV經常為正。
我的想法是,計算一段時間的交易量比所有歷史交易量更有用。
所以我對 OBV 時間長短做了一些調整,只計算過去 120 天的交易量。
為什麼是120天?
因為我回測了COINBASE:BTCUSDT,它的性能更好。
另外,我還設置了MA12和MA30,也就是OBV的簡單移動平均。 它的作用是為交易提供入場信號。
這是您可以使用該指標的內容(見圖表):
1. OBV背離(頂部背離=看跌,底部背離=看漲)
2.觀察OBV處於上升趨勢還是下降趨勢(上升趨勢=看漲,下降趨勢=看跌)
3.兩條MA12和MA30的交叉可以作為入場信號(黃金交叉=看漲,死亡交叉=看跌)
4. 使用抵扣球查看 OBV 在接下來的幾根蠟燭中會上升還是下降
如何知道OBV是否有背離?
價格更高 + 更低的 OBV = 頂部背離
價格更低 + 更高 OBV = 底部背離
如何查看 OBV 處於上升趨勢還是下降趨勢?
如果 OBV 高於 MA12/MA30,則處於上升趨勢,如果 OBV 低於 MA12/MA30,則處於下降趨勢。(見圖表)
什麼是抵扣球?
它用於與 120 天前的成交量進行比較,這有助於查看 OBV 在接下來的幾根蠟燭中是上漲還是下跌。
為什麼使用MA12/MA30 與120長度的成交量?
因為我回測了COINBASE: BTCUSDT,發現它的勝率更高。
[TT] Sectors Dist % From MA- The script shows the distance in percentages from the 200 MA (or any other MA period) , for the 11 SP500 sectors.
- It works based on the current time frames.
Could be useful when working with mean reversion strategies to detect extremes zones and overbought/oversold conditions in the given sectors compared others.
Market Breadth Ratio+ [Pt]This is a + version of my original Market Breadth Ratio Indicator
DESCRIPTION
The Market Breadth Ratio+ indicator is a tool that can help traders gain a more comprehensive understanding of market breadth by providing a ratio between Up volume (UVOL) and Down volume (DVOL).
While the VOLD indicator provides a straightforward measure of the difference between UVOL and DVOL, it doesn't account for the rate of change. The Market Breadth Ratio+ indicator, on the other hand, takes the rate of change into account, providing a plot line that is easier to interpret and understand.
The Up Volume vs Down Volume Ratios measure the strength of buying versus selling pressure in the market. A ratio greater than 1 indicates that there is more buying pressure, while a ratio less than -1 indicates more selling pressure. The ratio is calculated by dividing the total volume of stocks that closed up on the day by the total volume of stocks that closed down.
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This script includes the following premium unique features.
1) Custom Moving Average line for Breadth Ratio line. There are a few MA type to choose from: SMA, EMA, RMA, WMA, VWMA, HMA
- This feature provide a smoother plot for better interpretation of the market trend
- MA crossovers can also be used as trend reversal signals
2) Breadth Strength Index (BSI)
- This graph shows the relative strength of the Breadth Ratio. This is a momentum based oscillator that measure the rate of change of the Breadth Ratio. It shows the strength and weakness in the Breadth Ratio plot.
- A bar close to 1 means the market is very strong in the Bullish direction, conversely, a bar close to -1 means the market is very weak, but very strong in the Bearish direction
- Above 0 shows Bullish strength
- Below 0 shows Bearish strength
3) Two display modes for Breadth Strength Index
- Histogram
- Line
- These can be combined to show different markets together, such as NYSE and NASDAQ
4) Custom Moving Average can be applied to the BSI
- This will provide smoother graph for easier interpretation
5) Aggregated Market Strength
- This feature combines the BSI of multiple markets, such as NYSE and NASDAQ, to provide a more comprehensive view of the overall US market. Often time, one of these indices will have a stronger 'pull' on the entire market. By observing the dominant color (of your choosing), you can see which index is pulling the market. And by trading the market that has the bigger pull, traders can leverage on the possible higher volatility for greater trade opportunities.
6) Custom Moving Average can be applied to the Aggregated Market Strength
- This will provide smoother graph for easier interpretation
7) Show alternating trend colors on Aggregated Market Strength
- This provides an intuitive view of the market strength that's based on market breadth ratio
Inter-Exchanges Crypto Price Spread Deviation (Tartigradia)Measures the deviation of price metrics between various exchanges. It's a kind of realized volatility indicator, as the idea is that in times of high volatility (high emotions, fear, uncertainty), it's more likely that market inefficiencies will appear for the same asset between different market makers, ie, the price can temporarily differ a lot. This indicator will catch these instants of high differences between exchanges, even if they lasted only an instant (because we use high and low values).
Both standard deviation and median absolute deviation (more robust to outliers, ie, exchanges with a very different price from others won't influence the median absolute deviation, but the standard deviation yes).
Compared to other inter-exchanges spread indicators, this one offers two major features:
* The symbol automatically adapts to the symbol currently selected in user's chart. Hence, switching between tickers does not require the user to modify any option, everything is dynamically updated behind the scenes.
* It's easy to add more exchanges (requires some code editing because PineScript v5 does not allow dynamical request.security() calls).
Limitations/things to know:
* History is limited to what the ticker itself display. Ie, even if the exchanges specified in this indicator have more data than the ticker currently displayed in the user's chart, the indicator will show only a timeperiod as long as the chart.
* The indicator can manage multiple exchanges of different historical length (ie, some exchanges having more data going way earlier in the past than others), in which case they will simply be ignored from calculations when far back in the past. Hence, you should be aware that the further you go in the past, the less exchanges will have such data, and hence the less accurate the measures will be (because the deviation will be calculated from less sources than more recent bars). This is thanks to how the array.* math functions behave in case of na values, they simply skip them from calculations, contrary to math.* functions.
MESThe Double Bollinger Bands strategy is a trend-following strategy that aims to identify high-probability trading opportunities in trending markets. The strategy involves using two sets of Bollinger Bands with different standard deviation values to identify potential entry and exit points.
Bollinger Bands are a technical analysis tool that consists of three lines plotted on a price chart: a simple moving average (SMA) in the middle, and an upper and lower band that are each a certain number of standard deviations away from the SMA. The standard deviation value determines the width of the bands, with a larger deviation resulting in wider bands.
In this indicator, the first set of Bollinger Bands is calculated using a length of 20 bars and a standard deviation of 2, while the second set uses a length of 20 bars and a standard deviation of 3. The bands are plotted on the price chart along with the SMA for each set.
The buy signal is generated when the price falls below the lower band of the second set of Bollinger Bands (the 3-standard deviation band) and then rises above the lower band of the first set (the 2-standard deviation band). This is interpreted as a potential reversal point in a downtrend and a signal to enter a long position.
Conversely, the sell signal is generated when the price rises above the upper band of the second set of Bollinger Bands and then falls below the upper band of the first set. This is interpreted as a potential reversal point in an uptrend and a signal to enter a short position.
To make it easier to identify buy and sell signals on the price chart, the indicator plots triangles above the bars for sell signals and below the bars for buy signals.
Overall, the Double Bollinger Bands strategy can be a useful tool for traders who want to follow trends and identify potential entry and exit points. However, as with any trading strategy, it is important to backtest and thoroughly evaluate its performance before using it in live trading.
Mean ReversionThe "Mean Reversion" indicator in this script is a popular trading strategy that is based on the concept that over time, prices tend to move back towards their mean or average. This trading strategy seeks to identify instances where the price has deviated significantly from its mean and therefore presents an opportunity to profit from its eventual reversion to the mean.
The script calculates the distance between the current price and the EMA using the ATR, which is a measure of volatility. By multiplying the ATR by a specified factor, the script establishes a distance between the current price and the EMA. If the price falls below this distance, it triggers a potential buy signal, indicating that the price may be oversold and due for a rebound.
The script also uses Bollinger Bands to help identify potential buying and selling opportunities. The Bollinger Bands are a technical indicator that measures the volatility of an asset by plotting two standard deviations away from a moving average. When the price moves outside of the Bollinger Bands, it can indicate that the asset is overbought or oversold, potentially triggering a buy or sell signal.
The script's "buySignal" variable is triggered when the price is below the EMA by the specified ATR distance and also falls below the lower Bollinger Band. Conversely, the "sellSignal" variable is triggered when the price is above the EMA by the specified ATR distance and also rises above the upper Bollinger Band.
The script plots the EMA, Bollinger Bands, and the buy and sell signals on the chart for easy visualization. Additionally, the script includes alerts that can be set up to notify the user when a buy or sell signal is triggered, so that they can act on the information in a timely manner.
In summary, this script is a Mean Reversion indicator that aims to identify potential opportunities to buy or sell assets based on deviations from their mean price using a combination of the ATR, EMA, and Bollinger Bands.
Dave Trend LinesDescription:
This indicator works with 2 main set ups.
1.-Price Action: 2 Trending lines : 1 superior with relevant high at 120 periods and 1 inferior with releveant lows of 120 perios.
2.-(hiden) 2 RSI Trending lines (based on 14 period and close) : 1 superior trend line with relevant high at 120 periods and 1 inferior trend line with releveant lows of 120 perios.
This indicador works as follows:
1.- Indicator detect chart form with trend lines and based on the last bar to 120 candles before.
Chart detected:
1.- Wedges = Cuña
2.- Chanels = Canal
2.- Indicador calculate trend lines superior and inferior of RSI with 120 candels previus.
2.- The indicator activate alerts once these conditions presented at the same time:
a) Price breake above trend line superior or breake under line inferior.
b) RSI brease above trend line superior or inferior.
How to use:
1.- Add indicator
2.- Indicator will show
*Buy / Sell Alerts.
3.- Stop Loss (Red Line) and Take Profit (Green Line) will be calculated automatically based on trading system theory with wedges and chanels.
4.- In Buy postion take Profit will be recalculated once new lows above the stop loss are presented.
In Sell postion take Profit will be recalculated once new lows above the stop loss are presented.
5.- Once price achiece take porfit level it will trigert an alert.
6.- Trade will be closed when Price cross the Stop Loss or Take Profit Dinamic.
Originality:
This is based on what I would like to know before start trading and loos a lot of money buying or selling with out any strategy regarding risk management, trade management, set up entry and close levels.
Risk Management:
Paramenters:
Risk = 1%
Capital = Variable Account Capital.
These 2 variables that the user can change, the indicator will sugget the lot size on that trade to avoid loose more that 1% of the capital in case the trade close with losss.
duval Moyenne Mobile Exponentielle Doubleindicateur permet de prendre des decision a partie des donnes de moyennes mobiles znb un seuk indicateur ne permet pas de prendre une decision d'achat ou de vente
Overbought & Oversold HeatmapThe Broadview OBOS Heatmap is a new indicator that takes commonly used oscillators and transforms them into a powerful heatmap, providing traders and investors with an unparalleled level of insight into market trends and cycles. With the ability to visualize 15 different oscillators all at once, the Broadview Overbought & Oversold Heatmap offers users the ability to control and analyze an impressive array of indicators.
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is often used to identify overbought and oversold conditions in the market. The Money Flow Index (MFI) is a volume-weighted version of the RSI, used to measure buying and selling pressure. The Commodity Channel Index (CCI) is a versatile oscillator used to measure momentum, trend, and overbought/oversold conditions. It is often used to identify trend reversals.
The Aroon Oscillator is a trend-following oscillator that measures the strength of a trend and the potential for a trend reversal. The Relative Volatility Index (RVI) is a volatility-based oscillator that measures the strength of a trend and potential trend reversals. The Stochastic Detrended Price Oscillator is a momentum oscillator that measures the difference between the current price and its moving average.
The Stochastic Elders Force Index is an oscillator used to measure buying and selling pressure. The Stochastic Relative Strength Index is a momentum oscillator used to measure the strength of a trend. The Stochastic Relative Vigor Index is a momentum oscillator used to measure the trend strength and potential reversals. The Stochastic Klinger Oscillator is a momentum oscillator that measures buying and selling pressure. The Stochastic Awesome Oscillator is a momentum oscillator that measures the difference between two moving averages.
The Stochastic Ultimate Oscillator is an oscillator used to measure the strength of a trend and potential reversals. The Stochastic Chande Momentum Oscillator is a momentum oscillator that measures the difference between two moving averages. The Stochastic On Balance Volume Oscillator is a volume-based oscillator used to measure the buying and selling pressure. The Stochastic MACD is a momentum oscillator that measures the difference between two moving averages.
The Broadview OBOS Heatmap is an extremely powerful indicator that reimagines commonly used oscillators as a heatmap, providing traders and investors with an unparalleled level of insight into market trends and cycles. With the ability to control and analyze 15 different oscillators at once, the Broadview Overbought & Oversold Heatmap offers users an incredibly comprehensive tool for analyzing market trends and making informed trading decisions.
RBX - OBV MACDOBV (On-Balance Volume) is a technical indicator that measures the momentum of buying and selling pressure in a market based on the volume of trades. It uses a cumulative total of volume traded during periods of price increases and decreases to determine the overall trend. When prices rise, OBV increases, and when prices fall, OBV decreases.
The enhanced version of OBV combines the traditional OBV formula with the MACD (Moving Average Convergence Divergence) indicator to provide more information about the momentum of the volume flow. The MACD is a trend-following momentum indicator that shows the relationship between two moving averages of price.
In the enhanced OBV with MACD, the top color in the OBV line indicates the quadrant of the MACD, with green indicating the first quadrant (positive value of MACD and increasing), red indicating the second quadrant (negative value of MACD and decreasing), magenta indicating the third quadrant (negative value of MACD and increasing), and cyan indicating the fourth quadrant (positive value of MACD and decreasing).
The top bar color in the enhanced OBV with MACD indicates the increasing or decreasing of the MACD histogram. A green bar indicates an increasing histogram, while a red bar indicates a decreasing histogram.
In addition, the plus bar sign in the enhanced OBV with MACD signifies that the OBV is making a new high or new low. This helps traders identify potential trend reversals or confirm the current trend.
Overall, the enhanced OBV with MACD provides traders with more information about the momentum of volume flow and potential trend reversals, making it a useful tool for technical analysis in trading.
Educational Strategy : TRIPLE DRAG-ON SYSTEM V.1The Triple Dragon System is a technical trading strategy that uses a combination of three different indicators to identify potential buy and sell signals in the market. The three indicators used in this strategy are the Extended Price Volume Trend (EPVT), the Donchian Channels, and the Parabolic SAR. Each of these indicators provides different types of information about the market, and by combining them, we can create a more comprehensive trading system.
The EPVT is used to identify potential trend changes and measure the strength of a trend. The Donchian Channels are used to identify the direction of the trend, while the Parabolic SAR is used to provide additional confirmation of trend changes and help determine potential entry and exit points.
In this strategy, we first use the EPVT and Donchian Channels to identify the direction of the trend. When the EPVT is above its baseline and the price is above the upper Donchian Channel, it suggests an uptrend. Conversely, when the EPVT is below its baseline and the price is below the lower Donchian Channel, it suggests a downtrend.
Once we have identified the trend direction, we use the Parabolic SAR to help determine potential entry and exit points. When the Parabolic SAR is below the price and flips to above the price, it suggests a potential buy signal. Conversely, when the Parabolic SAR is above the price and flips to below the price, it suggests a potential sell signal.
To further refine our trading signals, we use multiple timeframes to confirm the trend direction and ensure that we are not entering the market during a period of high volatility. We also use multiple take-profit levels to lock in profits and manage risk.
Overall, the Triple Dragon System is a comprehensive technical trading strategy that combines multiple indicators to provide clear entry and exit signals. By using a combination of trend-following and momentum indicators, we can identify potential trading opportunities while minimizing risk. Please note that this strategy is for educational purposes only and should not be taken as financial advice.
Indicatore volatilità v5 con segnali------------- INGLESE -------------
This indicator uses an exponential moving average (HMA) of the length specified by the user to calculate market volatility. Volatility is calculated by multiplying the Average True Range (ATR) by the simple moving average (SMA) of the volume.
The code uses colors to display market conditions. If the closing price is above the HMA, the columns turn green. If the closing price is below the HMA, the columns turn red. If volatility is below the SMA of volatility multiplied by the user-specified sideways volatility threshold, the columns turn orange.
In addition, the code uses the Rate of Change (ROC) to generate buy and sell signals. If the ROC is positive and the columns are green, a buy signal is generated and the columns turn black. If the ROC is negative and the columns are red, a sell signal is generated and the columns turn purple.
In summary, this indicator uses colors to display market conditions and help the user enter and exit the market based on volatility.
If you like this indicator give me a boost and leave a comment!! Thank you!
------------- ITALIANO -------------
Questo indicatore utilizza una media mobile esponenziale (HMA) della lunghezza specificata dall’utente per calcolare la volatilità del mercato. La volatilità viene calcolata moltiplicando l’Average True Range (ATR) per la media mobile semplice (SMA) del volume.
Il codice utilizza i colori per visualizzare le condizioni di mercato. Se il prezzo di chiusura è superiore all’HMA, le colonne diventano verdi. Se il prezzo di chiusura è inferiore all’HMA, le colonne diventano rosse. Se la volatilità è inferiore alla SMA della volatilità moltiplicata per la soglia di volatilità laterale specificata dall’utente, le colonne diventano arancioni.
Inoltre, il codice utilizza il Rate of Change (ROC) per generare segnali di acquisto e vendita. Se il ROC è positivo e le colonne sono verdi, viene generato un segnale di acquisto e le colonne diventano nere. Se il ROC è negativo e le colonne sono rosse, viene generato un segnale di vendita e le colonne diventano viola.
In sintesi, questo indicatore utilizza i colori per visualizzare le condizioni di mercato e aiutare l’utente a entrare e uscire dal mercato in base alla volatilità.
Se ti piace questo indicatore mettimi un boost e lascia un commento!! Grazie!
[TTI] Zanger Volume Ratio - Intraday––––HISTORY & CREDITS 🏦
The Zanger Volume Ratio - Intraday indicator is inspired by the work of Dan Zanger, a renowned trader and creator of the Zanger Volume Ratio tool. This specific adaptation of the ratio is designed for the TradingView platform and focuses on intraday trading. Dan Zanger used this same method of reading the chart to establish a world record in turning HKEX:10 ,775 into HKEX:18 ,000,000 in under 2 years.
––––WHAT IT DOES 💡
The Zanger Volume Ratio - Intraday indicator measures the estimated end-of-day volume percentage based on intraday (depending on the timeframe of your chart) comparisons for the last X days (input in the settings). It provides insights into the stock's trading volume in real-time throughout the trading day, giving traders an idea of the stock's relative volume compared to its recent trading history. For instance if you add it to a 5min chart the ratio represents the estimated end of day volume percent based on the last 3 days, the indicator will compare the cumulative volume of the current day to the X days back cumulative average up to that same point in time and tell you how it is around the thresholds.
The indicator categorizes the volume into five levels: Extreme, High, Average, Light, and Dry Up, each represented by different colors on the chart. It also displays a pace indicator, which shows whether the volume is increasing or decreasing during the trading session.
There is also a label that shows the current reading and its pace. The pace is the indication wether the volume ratio pace is increasing and picking up or it is slowing down.
Thesholds
👉EXTREME (red): >200, means "Volume is 200% of average daily volume
👉HIGH (magenta): 110
👉AVERAGE (peach): 85
👉LIGHT (orange): 60
👉DRY (gray): <60
––––HOW TO USE IT 🔧
To use the Zanger Volume Ratio - Intraday indicator effectively, follow these steps:
1️⃣ Apply the indicator to your TradingView chart with an intraday timeframe (>=1min and less than 1 day).
2️⃣Observe the real-time volume levels and their corresponding categories (Extreme, High, Average, Light, and Dry Up) to understand the current volume dynamics.
3️⃣Keep an eye on the pace indicator (arrows) to see if the volume is increasing or decreasing during the session.
4️⃣Use the information provided by the indicator to confirm trade setups, identify potential breakouts, or detect possible reversals. For example, a stock breaking out of a key area with high or extreme volume and an increasing pace arrow may indicate a strong upward move. Conversely, a stock pulling back on light or dry up volume could signal a continuation of the trend once the volume picks up again.
Remember to combine the Zanger Volume Ratio - Intraday indicator with other technical analysis tools and your own trading strategy to make informed decisions.
BTC Log High/LowThis indicator aims to display the price index of Bitcoin based on its logarithmic high and low values. Indicator calculates the logarithmic high and low values of Bitcoin using specific mathematical formulas and then applies a price index formula to obtain a value for each bar on the chart. The resulting value is plotted on the chart as a line, representing the Bitcoin price index.
The indicator also includes several horizontal lines at specific levels, which can be adjusted by the user. The lines are used to indicate important price levels and act as support and resistance levels. Additionally, the indicator includes two moving averages, a 100-period exponential moving average (EMA) and a 200-period EMA, which can be used to identify trends.
LNL Smart TICKLNL Smart TICK
This study is mostly beneficial for intraday traders. It is basically a user-friendly "colorful" representation of the $TICK chart with highlighted $TICK extremes. This indicator also includes: a simple trend gauge that can visualize the bias for the day, cumulative tick cloud which is showing the cumulative strength of either longs & shorts on the day.
$TICK Trend Gauge
Although it is just a exponential moving average. This average (default set on 20) works quite well as an overall gauge for the day. Whenever the gauge is green (above zero), any negative $TICK values below -500 can offer great pullback opportunities. Same applies for the red gauge. 20 EMA is below zero ? Great time to fade any +500 or +1000 tick readings. Obviously the gauge can be ajdusted to any number based on personal style.
$TICK Extremes (little triangles)
These little triangles are triggered anytime $TICK jumps above or below the pre-set values of +1000 or -1000. By just simply observing the $TICK triangles during the day can tell you how much volaility or pressure there is. Sometimes there will be 20 green triangles and only 2 red ones. That obviously mean there is a strong bearish pressure. But there will be days when you are not going to see any triangles at all which can mean there is either a low volatility or the price is stuck in the indecisive market.
Cumulative $TICK Cloud
Cumulative $TICK by itself is a great study for day traders. It is basically running "counting" $TICK that is adding the previous $TICK values from previous bars. Cumulative $TICK can create a direct picture of the current market sentiment. It is not just a simple green / red line but a cloud that can really show you the depth on the $TICK. Some days, the cloud will be quite wide which is a good sign for the strength to one side, but sometimes the cloud will be so narrow it will practically disappear. This would be telling you the exact opposite - not much conviction to any side. Of course the depth as well as the color of the cloud can change during the day.
$TICK & Cumulative $TICK Tables
By just looking at these tables. You can immidiately tell the state of the current $TICK. They both can be red or green. It all depends whether the values are positive or negative. The tables are just a little visual addition to the whole $TICK study.
Hope it helps.
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.
Volume DockThis oscillator has two different modes:
The first one called RSIs is a comparison between the Relative strength index of the Accumulation/Distribution (and the On Balance Volume) and the normal price, to analyze the differences in momentum between the price with volume and without.
The second one, called Dock, is similar except for the fact that the lines are smoothed using the hull moving average formula, this mode is great to signal entries and for reversal analyzing.
Rolling Candle Closes Summationscript to sum rolling 20 (default) period's prices together
use on volume indicators to get the likes of McClellan Summation
User selection: rolling periods to add
God's Little FingerThe "God's Little Finger" indicator uses several technical analysis tools to provide information about the direction of the market and generate buy/sell signals. These tools include a 200-period exponential moving average (EMA), Moving Average Convergence Divergence (MACD), Bollinger Bands, and the Relative Strength Index (RSI).
EMA is used to determine if prices are trending. MACD measures the speed and momentum of the trend. Bollinger Bands are used to determine if prices are staying within a range and to measure the strength of the trend. RSI shows overbought/oversold levels and can be used to determine if the trend will continue.
The indicator generates buy/sell signals based on market conditions. A buy signal is generated when the MACD line is below zero, the price is below the lower boundary of the Bollinger Bands, the price is above the 200-period EMA, and the RSI is in oversold levels (usually below 40). A sell signal is generated when the MACD line is above zero, the price is above the upper boundary of the Bollinger Bands, the price is below the 200-period EMA, and the RSI is in overbought levels (usually above 60).
However, it should be noted that indicators can be used to predict market conditions, but they do not guarantee results and any changes or unexpected events in the market can affect predictions. Therefore, they should always be used in conjunction with other analysis methods and risk management strategies.
BE - OBV MACD█ Overview
BE - OBV MACD - Algo Trading is an indicator developed to analyze volume , MACD and PSAR simultaneously in order to understand how they are co-related to each other. This tool calculates the likelihood of strength for buying or selling within the market direction.
█ Calculations
The algorithm individually computes the likelihood of flow of volumes (OBV, MACD & PSAR). A positive score is assigned for events where the Buyers volume is rising over the candle, MACD on the price is rising and MACD on the OBV is providing positive output and the PSAR is Below the close price thus generating the Buy Signal, and a negative score for the vise versa thus generating the Sell Signal.
Note: Since this indicator is an overlay indicator MACD and OBV is not shown on the chart. One can add them on the chart if you wish to analyze the impact of the same.
█ Settings
Customization of settings is possible for risk management concepts like setting the initial SL level, Trail SL Level, Day Max Level.
Hide or Show plots and Table is possible from the indicator settings.
-----------------
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, back-test, 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!
OBV-MACDThe OBV-MACD indicator is a momentum-based technical analysis tool that helps traders identify trend reversals and trend strength. This Pine script is an implementation of the OBV-MACD indicator that uses the On-Balance Volume (OBV) and Moving Average Convergence Divergence (MACD) indicators to provide a momentum data of OBV.
The OBV-MACD indicator uses the OBV to calculate the cumulative volume, which is then smoothed using two moving averages - fast and slow. The difference between these moving averages is plotted as a histogram, with a signal line plotted over it. A buy signal is generated when the histogram crosses above the signal line, indicating a bullish trend, while a sell signal is generated when the histogram crosses below the signal line, indicating a bearish trend.
This Pine script also includes an OBV-MACD-Donchian version that incorporates Donchian channels for the OBV-MACD. The Donchian channel is a technical analysis indicator that helps traders identify the highs and lows of an asset's price over a certain period. The OBV-MACD-Donchian version uses the OBV-MACD indicator along with the Donchian channels to provide signals that the momentum of OBV is making new high/low during that period of time.
Traders can customize the input parameters of the OBV-MACD indicator, such as the timeframe, method of calculation for the moving averages, and the lengths of the moving averages and breakout lengths. The colors of the plot can also be customized to suit the trader's preferences.
[Hoss] OBV RSIThe OBV ( On Balance Volume ) RSI ( Relative Strength Index ) indicator is an innovative tool that combines the power of OBV and RSI to provide traders with a comprehensive view of the market's momentum and volume dynamics. This combination enables users to make better-informed trading decisions by analyzing the relationship between price, volume , and relative strength .
The script starts by calculating the On Balance Volume , which is a cumulative volume-based indicator that measures buying and selling pressure. The OBV increases when the closing price is higher than the previous closing price and decreases when the closing price is lower than the previous closing price. This helps traders identify potential price trend reversals based on volume accumulation or distribution.
Next, the script computes the Relative Strength Index ( RSI ) based on the OBV values, offering a unique perspective on the market's momentum through the lens of volume . The RSI is a popular momentum indicator that ranges from 0 to 100 and helps traders identify overbought and oversold conditions. In this script, the user can define the RSI length and the higher and lower levels (default values are 70 and 30, respectively).
A distinctive feature of this OBV RSI indicator is the addition of a monitor that counts the number of times the RSI crosses above the higher level and below the lower level within a user-defined lookback period. This monitor is displayed as a table in the bottom right corner of the chart and can be enabled or disabled through an input option.
The cross count monitor provides valuable insights into the historical frequency of RSI crossings, helping traders to identify potential trading opportunities based on historical price behavior around these levels.
X48 - Strategy | BreakOut & Consecutive (11in1) + Alert | V.1.2================== Read This First Before Use This Strategy ==============
*********** Please be aware that this strategy is not a guarantee of success and may lead to losses.
*********** Trading involves risk and you should always do your own research before making any decisions.
================= Thanks Source Script and Explain This Strategy ===================
► Description
Write a detailed and meaningful description that allows users to understand how your script is original, what it does, how it does it and how to use it
This Strategy Are Combine Strategy and Indicators Alert Function For Systematic Trading User.
Strategy List, Thanks For Original Source Script , From Tradingview Build-in Script From fmzquant Github
// Channel BreakOut Strategy : Calculate BreakOut Zone For Buy and Sell.
// Consecutive Bars UP/Down Strategy : The consecutive bars up/down strategy is a trading strategy used to identify potential buy and sell signals in the stock market. This strategy involves looking for a series of bars (or candles) that are either all increasing or all decreasing in price. If the bars are all increasing, it can be a signal to buy, and if the bars are all decreasing, it can be a signal to sell. This strategy can be used on any timeframe, from a daily chart to an intraday chart.
// 15m Range Length SD : Range Of High and Low Candle Price and Lookback For Calculate Buy and Sell.
Indicators Are Simple Source Script (Almost I'm Chating With CHAT-GPT and Convert pinescript V4 to V5 again for complete almost script and combine after)
// SwingHigh and SwingLow Plot For SL (StopLoss by Last Swing).
// Engulfing and 3 Candle Engulfing Plot.
// Stochastic RSI for Plot and Fill Background Paint and Plot TEXT For BULL and BEAR TREND.
// MA TYPE MODE are plot 2 line of MA Type (EMA, SMA, HMA, WMA, VWMA) for Crossover and Crossunder.
// Donchian Fans MODE are Plot Dot Line With Triangle Degree Bull Trend is Green Plot and Bear Trend is Red Plot.
// Ichimoku Cloud Are Plot Cloud A-B For Bull and Bear Trend.
// RSI OB and OS for TEXT PLOT 'OB' , 'OS' you will know after OB and OS, you can combo with other indicators that's make you know what's the similar trend look like?
// MACD for Plot Diamond when MACD > 0 and MACD < 0, you can combo with other indicators that's make you know what's the similar trend look like?
Alert Can Alert Sent When Buy and Sell or TP and SL, you can adjust text to alert sent by your self or use default setting.
========== Let'e Me Explain How To Use This Strategy =============
========== Properties Setting ==========
// Capital : Default : 1,000 USDT For Alot Of People Are Beginner Investor = It's Capital Your Cash For Investment
// Ordersize : Default Are Setting 5% / Order We Call Compounded
========== INPUT Setting ==========
// First Part Use Must Choose Checkbox For Use of Strategy and Choose TP/SL by Swing or % (can choose both)
// In Detail Of Setting Are Not Too Much, Please Read The Header Of Setting Before Change The Value
// For The Indicator In List You Want To Add Just Check ✅ From MODE Setting, It's Show On Your Chart
// You Can Custom TP/SL % You Want
========== ##### No trading strategy is guaranteed to be 100% successful. ###### =========
For Example In My Systematic Trading
Select 1/3 Strategy Setting TP/SL % Match With Timeframe TP Long Are Not Set It's Can 161.8 - 423.6% but Short Position Are Not Than 100% Just Fine From Your Aset
Choose Indicators For Make Sure Trend and Strategy are the same way like Strategy are Long Position but MACD and Sto background is bear. that's mean this time not open position.
Donchian Fans is Simple Support and Ressistant If You Don't Know How To Plot That's, This indicator plot a simple for you ><.
Make Sure With Engulfing and 3 Candle Engulfing If You Don't Know, What's The Engulfing, This Indicator are plot for you too ><.
For a Big Trend You can use Ichimoku Cloud For Check Trend, Candle Upper Than Cloud or Lower Than Cloud for Bull and Bear Trend.