What is Distribution Day? A distribution day is when a market representative index (for example, Nifty 50) loses more than 0.2 percent in a day, with volume higher than that of the previous session. When a distribution day occurs, it hints that big institutional investors are exiting or reducing their positions in the market. Institutional activity is what...
This indicator combines NYSE TICK and RSI to aim to provide a view of NYSE market trend strength. What is TICK NYSE TICK, also known as the TICK index, is a technical analysis indicator that shows the number of stocks on the New York Stock Exchange (NYSE) that are trading on an uptick or a downtick in a particular period of time. The TICK index is calculated...
Check on balance volume but with crossover. You can choose the smoothing method, which is set by default to use the Volume Weighted Moving Average (bringing volume to the equation is always a good idea) but you can change to SMA, MA, EMA, ... Hope you guys enjoy it and don't forget to rate it up! :) I plan to include % from 0-100 OBV in here later! Stay tuned....
█ OVERVIEW Shows the NYSE Tick Index, as it is used by TheMas7er . This indicator has several customization options built-in that can be configured: • Positive and negative threshold levels with show/hide option and color selection. • Zero line with show/hide option and color selection. • Bar colors are fully customizable. • Symbol can be changed. Default...
This script is meant for stocks that have a pre-market session. It is meant to be used on the 1 min time frame. This script will draw a green line at the high of pre-market, and a red line at the low of pre-market and extend these lines across the regular session day This makes it easy to see if price action during regular market has broken above pre-market high...
This is a modified OBV indicator that creates an oscillator by smoothing the difference between the value of the OBV and a short moving average of the OBV. SMAs of the oscillator are also provided to study crosses and convergence/divergence. The indicator should mostly be used on common stock, but works on futures contracts with some tuning and a shorter timeframe.
Level 2 Background Handicap volume is a way to understand market logic. Function I have studied many classic trading textbooks about volume. Most textbooks tell me that the most authentic indicator in the world is the trading volume, because other things can be faked, but the trading volume is real, and the real money is there, so it cannot be faked! But now,...
Similar 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.
Hello traders, This indicator is the enhancement to my previous indicator (RSI+OBV). There is combined RSI and OBV with DMI. This new indicator is combination of RSI and OBV with VWAP . I have been using this indicator for intraday trades in NIFTY & BANKNIFTY . The white line indicates the movement of VWAP wrt current price. There default range for this has been...
Modified to include new daily open interest from CME futures contracts versus old script that only captured weekly data from commitment of traders data. Script can now be used on monthly and continuous contract traded on CME.
15 top crypto tickers of your choosing. Just input your 15 favorite crypto markets in the settings. Showing breadth of market as a percentage change to gauge buyers/sellers strength. You can check this on the last day of the week and compare each daily bar to see if buyers are increasing/decreasing or sellers increasing/decreasing bars. A reading above +2 is...
WELCOME TO THE CHEAT CODE REDEMPTION PACK!!!! I want to take a deep dive into what this indicator consists of and how you can use it to improve your trading strategy. -What does the CCR consist of? The Oscillator: The oscillator is a combination of a true strength index sampled from on-balance volume and a regular RSI at default settings. The reason I...
The Williams Alligator indicator is a trend following indicator based on the idea that financial markets and individual securities usually trend at a lower rate than sideways ranges. It uses smoothed Moving Averages to analyze market trends. The indicator was developed with the thought in mind that both institutions and individuals generally collect more profit...
Breadth indicator. Takes NYSE/NQ/US up volume and divides it by the total volume to get an advance decline thrust ratio which can be used as a measure of market breadth. Also has the option to look at the cumulative breadth over the trailing x days. Also has the option to display as cumulative net up volume which will show lower values than advance decline...
Here is a new screener for everyone. I have applied my Better Divergence On Any Indicator logic to scan 3 different indicators and up to 6 different assets at one time. Shoutout to LonesomeTheBlue and QuantNomad for their respective work on divergence and scanner scripts. I've implemented similar logic to put together this scanner. So far, I have added...
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williams fractail + smoothed moving average. moving average. williams fractails with moving average , williams fractails + MA, smma
williams fractail + moving average. Is for educational . combined indicator of williams fractails and smmothed moving average