Supertrend Forecast - vanAmsenHello everyone!
I am thrilled to present the "vanAmsen - Supertrend Forecast", an advanced tool that marries the simplicity of the Supertrend with comprehensive statistical insights.
Before we dive into the functionalities of this indicator, it's essential to understand its foundation and theory.
The Theory:
What exactly is the Supertrend?
The Supertrend, at its core, is a momentum oscillator. It's a tool that provides buy and sell signals based on the prevailing market trend. The underlying principle is straightforward: by analyzing average price data and volatility over a period, the Supertrend gives us a line that represents the trend direction.
However, trading isn't just about identifying trends; it's about understanding their strength, potential profitability, and historical accuracy. This is where statistics come into play. By incorporating statistical analysis into the Supertrend, we can gain deeper insights into the market's behavior.
Description:
The "vanAmsen - Supertrend Forecast" isn't just another Supertrend indicator. It's a comprehensive tool designed to offer traders a holistic view of market trends, backed by robust statistical analysis.
Key Features:
- Supertrend Line: A visual representation of the current market direction.
- Win Rate & Expected Return: Delve into the historical accuracy and profitability of the prevailing trend.
- Average Percentage Change: Understand the average price fluctuation for both winning and losing trends.
- Forecast Lines: Project future price movements based on historical data, providing a roadmap for potential scenarios.
- Interactive Table: A concise table in the top right, offering a snapshot of all vital metrics at a glance.
Usage:
- The bullish Supertrend line adopts an Aqua hue, indicating potential upward momentum.
- In contrast, the bearish line is painted in Orange, suggesting potential downtrends.
- Customize your chart by toggling labels, tables, and lines according to preference.
Recommendation:
The "vanAmsen - Supertrend Forecast" is undoubtedly a powerful tool in a trader's arsenal. However, it's imperative to combine it with other technical analysis tools and sound risk management practices. It's always prudent to backtest strategies with historical data before embarking on live trading.
Pesquisar nos scripts por "Table"
Time Series Model IndicatorHello,
I am releasing this time series modelling indicator.
Brief overview of the indicator's functionality:
The Time Series Model indicator is a technical analysis tool that calculates and visualizes a linear regression line based on historical price data. It assesses the trend direction and provides an outer band around the regression line to indicate potential support and resistance levels. The indicator also detects outliers in the price data and calculates correlations between the time variable and the closing price. It offers various customization options such as input length, user-defined hours in advance, display settings for tables and fills, and the ability to show variable correlations. Overall, this indicator aims to help traders identify trends, potential reversals, and price extremes in a given time series.
Specific Functions:
Slope Calculations: The indicator calculates the slope and intercept of the regression line using the specified length of assessment (user defined). It also computes the residuals, standard error of the regression, and the upper and lower bounds of the standard error region. Additionally, it calculates multiple standard deviation bands around the regression line. The slope will change to green if the stock is in an uptrend and to red if the stock is in a downtrend.
Outliers: This feature detects extreme positive and negative outliers based on the z-score calculated from the price data. It highlights the outliers with a red background color to red if this option is selected.
Correlation to Time Assessments: This feature performs trend assessments based on the correlation between time and price data. It identifies uptrends, downtrends, falling trends, rising trends, etc.
Outerband Plots: This feature plots the regression line, standard error bands, and multiple standard deviation bands around the regression line. It also fills the areas between these lines.
Trend Assessment: This feature further assesses the trend based on the strength of the correlation. It identifies strong up or down trends, moderate trends, weak trends, no trend, etc.
Linear Regression Time Data: This section retrieves price data (close, high, low, open) for the specified timeframe and stores them in arrays for a linear regression analysis.
Define LinReg Variables: This section calculates linear regression lines and their upper and lower control limits for the close, low and high prices. It also calculates the correlation between close price and time.
Manual assessments: This feature allows for the manual assessment of time series data. The user can input a look forward for hours in the future and get the predicted price range based on the current time relationship. See image below:
Calculating model "fit": The indicator will display the amount of time the stock closes within and outside its respective bands to ascertain the degree of "fit" (see image below):
Explanations:
The outer cloud: The outer, tealish green cloud represents the regression line + 1.5 standard deviations from the regression line.
The inner cloud: The inner, white coloured cloud represents the immediate time series range calculated through regression of the open, high and low price of the ticker.
Correlations:
The ability of the indicator to calculate correlations on both the smaller and larger timeframes are its strongest feature. You can see the formation of trends by tracking the correlation over the length of the time series model's assessment. You can also track the degree of change. The image below shows the correlation table:
In this image, we can see that the stock is in a moderate downtrend manifested by a correlation of -0.73 (purple arrow).
This downtrend is weakening as manifested by a positive change of 0.05 on the shorter timeframe.
If we scroll down on the table and see the Close, High and Low, we can see that the larger trend over time is a downtrend and that this downtrend is actually strengthening. We know this by the negative change (negative change = significant inverse relationship to time is increasing. i.e. as time increases, the stock price decreases proportionately).
So what does negative correlation to time mean?
If a stock's price exhibits a negative correlation to time, it implies that there is a systematic relationship between the passage of time and the stock's price movement in the opposite direction. This finding could have several potential implications for traders and investors. Firstly, it suggests that the stock's price tends to decrease as time progresses, indicating a downward trend or bearish sentiment. This information might be useful for traders looking to capitalize on short-selling or hedging strategies. Secondly, it could indicate a potential opportunity to predict future price movements based on the timing of negative correlations. By understanding the relationship between time and price, investors may be able to make more informed decisions about when to buy or sell the stock. Lastly, a negative correlation to time may also suggest the influence of external factors or market conditions that systematically impact the stock's performance over time. Therefore, monitoring this correlation can provide insights into broader market dynamics and help investors better understand the stock's behavior.
What about a positive correlation to time?
If a stock's price demonstrates a positive correlation to time, it means that there is a consistent relationship between the passage of time and the stock's price movement in the same direction. This positive correlation to time can have significant implications for traders and investors. Firstly, it indicates a potential upward trend or bullish sentiment, suggesting that the stock's price tends to increase as time progresses. This information can be valuable for investors seeking long-term growth opportunities or looking to capitalize on upward price movements. Secondly, a positive correlation to time may provide insights into the stock's historical performance patterns and help identify potential buying or selling opportunities based on the timing of positive correlations. Additionally, understanding this correlation can aid in assessing the stock's overall trajectory and identifying potential market trends. It's important to note that positive correlation to time does not guarantee future performance, but it can offer valuable information to inform investment decisions.
Because this indicator is pretty big, I have done an overview and tutorial video which I will link below:
As always, please leave your comments and suggestions below.
I thank you for taking the time to read and check out this indicator.
Safe trades everyone and enjoy your weekend!
intraday_bondsStatistics for assisting with intraday bond trading, using five minute periods and one hour ranges. There are two tables, a volatility table and a correlation table. The correlation table shows the correlation of five minute returns (absolute) between the four different bond contracts that trade on the CME. The volatility table shows for each contract:
- The current realized volatility, based on the previous one hour of realized volatility. This figure is annualized for easy comparison with options contracts.
- The current realized volatility's z-score, based on all available data.
- The tick range of an "N" standard deviation move over one hour. Choose "N" using the stdevs input.
- The previous hour's true range (high - low).
The ranges are expressed in ticks.
3 Day Lookback [TFO]This 3 Day Lookback indicator aims to display key information about price with respect to its previous 3 day highs and lows. It was built with the intention of being compact in order to not take up a lot of chart space.
The core component of this indicator is the table. From this table, we look at price with respect to the ranges from 1, 2, and 3 days ago, and assign it a color code. By default, we use 🟢, 🟡, and 🔴 to indicate that price is above, stuck inside, or below these ranges, respectively.
Take the following chart as an example. We manually drew these boxes to encompass the range of each day, from high to low. The leftmost box from 3 days ago is colored red to reflect the fact that price is below that day's low. This is why the table indicates a state of 🔴 for the range from 3 days ago. Then, the following two days are colored yellow to indicate that price is currently trading inside their ranges, which is why the state for both of those days is indicated as 🟡 in the table.
In a similar example below, we can see that price is clearly above the high from 3 days ago and the high from 2 days ago, which is reflected in the table with a state of 🟢 for both. However, since price is currently trading within the range from 1 day ago, it is assigned a state of 🟡 in the table.
As you may have noticed in the above examples, each day's high and low is indicated with labels (ex. "2H" and "2L" for the high and low from 2 days ago). These are optional and can be turned off in the indicator's settings. The lines tracking the previous 3 day highs and lows may also be turned off so that you're just left with the table, as is shown in the below example.
With this minimalistic table, users can get a quick glance at how price is trading with respect to the last few days of price action. Hopefully this proves useful for mobile users as well, since the indicator can be reduced to a simple table that doesn't take up much chart space.
Tetris with Auto-PlayThis indicator is implemented in Pine Script™ v6 and serves as a demonstration of TradingView's capabilities. The core concept is to simulate a classic Tetris game by creating a grid-based environment and managing game state entirely within Pine Script.
Key Technical Aspects:
Grid Representation:
The script defines a custom grid structure using a user-defined type that holds the grid’s dimensions and a one-dimensional array to simulate a two-dimensional board. This structure is used to track occupied cells, clear full rows, and determine stack height.
Piece Management:
A second custom type is used to represent the state of a tetromino piece, including its type, rotation, and position. The code includes functions to calculate the block offsets for each tetromino based on its rotation state.
Collision Detection and Piece Locking:
Dedicated functions check for collisions against the grid borders and existing blocks. When a collision is detected during a downward move, the piece is locked into the grid, and any complete lines are cleared.
AIgo-Driven Placement:
The script incorporates a simple heuristic to determine the best placement for the next tetromino. It simulates different rotations and horizontal positions, evaluating each based on aggregated column height, cleared lines, holes, and bumpiness. This decision-making process is encapsulated in an AI-like function that returns the optimal rotation and placement.
Rendering Using Tables:
The visual representation is managed via TradingView’s table objects. The game board is rendered with a bordered layout, while a separate preview table displays the next piece and the current score. Each cell is updated with text and background colors that correspond to the state of the game.
Execution Flow and Timing:
The main execution loop handles real-time updates by dropping pieces at set intervals and checking for game-over conditions. The code leverages persistent variables and time comparisons to control game speed and manage transitions between piece drops.
Executing:
Add the indicator to the chart
It starts playing itself till game over
There are no parameters to change in this version but the grid in the code directly
p.s. Sadly we have no interactive buttons in the current pinescript versions to play ourself, but its about the possibilitys what we could do ;-)
Maybe in a future version there is more possible, if i find time to enhance and expand the idea
Have fun :-)
Adapted RSI w/ Multi-Asset Regime Detection v1.1The relative strength index (RSI) is a momentum indicator used in technical analysis. RSI measures the speed and magnitude of an asset's recent price changes to detect overbought or oversold conditions in the price of said asset.
In addition to identifying overbought and oversold assets, the RSI can also indicate whether your desired asset may be primed for a trend reversal or a corrective pullback in price. It can signal when to buy and sell.
The RSI will oscillate between 0 and 100. Traditionally, an RSI reading of 70 or above indicates an overbought condition. A reading of 30 or below indicates an oversold condition.
The RSI is one of the most popular technical indicators. I intend to offer a fresh spin.
Adapted RSI w/ Multi-Asset Regime Detection
Our Adapted RSI makes necessary improvements to the original Relative Strength Index (RSI) by combining multi-timeframe analysis with multi-asset monitoring and providing traders with an efficient way to analyse market-wide conditions across different timeframes and assets simultaneously. The indicator automatically detects market regimes and generates clear signals based on RSI levels, presenting this data in an organised, easy-to-read format through two dynamic tables. Simplicity is key, and having access to more RSI data at any given time, allows traders to prepare more effectively, especially when trading markets that "move" together.
How we calculate the RSI
First, the RSI identifies price changes between periods, calculating gains and losses from one look-back period to the next. This look-back period averages gains and losses over 14 periods, which in this case would be 14 days, and those gains/losses are calculated based on the daily closing price. For example:
Average Gain = Sum of Gains over the past 14 days / 14
Average Loss = Sum of Losses over the past 14 days / 14
Then we calculate the Relative Strength (RS):
RS = Average Gain / Average Loss
Finally, this is converted to the RSI value:
RSI = 100 - (100 / (1 + RS))
Key Features
Our multi-timeframe RSI indicator enhances traditional technical analysis by offering synchronised Daily, Weekly, and Monthly RSI readings with automatic regime detection. The multi-asset monitoring system allows tracking of up to 10 different assets simultaneously, with pre-configured major pairs that can be customised to any asset selection. The signal generation system provides clear market guidance through automatic regime detection and a five-level signal system, all presented through a sophisticated visual interface with dynamic RSI line colouring and customisable display options.
Quick Guide to Use it
Begin by adding the indicator to your chart and configuring your preferred assets in the "Asset Comparison" settings.
Position the two information tables according to your preference.
The main table displays RSI analysis across three timeframes for your current asset, while the asset table shows a comparative analysis of all monitored assets.
Signals are colour-coded for instant recognition, with green indicating bullish conditions and red for bearish conditions. Pay special attention to regime changes and signal transitions, using multi-timeframe confluence to identify stronger signals.
How it Works (Regime Detection & Signals)
When we say 'Regime', a regime is determined by a persistent trend or in this case momentum and by leveraging this for RSI, which is a momentum oscillator, our indicator employs a relatively simple regime detection system that classifies market conditions as either Bullish (RSI > 50) or Bearish (RSI < 50). Our benchmark between a trending bullish or bearish market is equal to 50. By leveraging a simple classification system helps determine the probability of trend continuation and the weight given to various signals. Whilst we could determine a Neutral regime for consolidating markets, we have employed a 'neutral' signal generation which will be further discussed below...
Signal generation occurs across five distinct levels:
Strong Buy (RSI < 15)
Buy (RSI < 30)
Neutral (RSI 30-70)
Sell (RSI > 70)
Strong Sell (RSI > 85)
Each level represents different market conditions and probability scenarios. For instance, extreme readings (Strong Buy/Sell) indicate the highest probability of mean reversion, while neutral readings suggest equilibrium conditions where traders should focus on the overall regime bias (Bullish/Bearish momentum).
This approach offers traders a new and fresh spin on a popular and well-known tool in technical analysis, allowing traders to make better and more informed decisions from the well presented information across multiple assets and timeframes. Experienced and beginner traders alike, I hope you enjoy this adaptation.
M & W Checklistindicator to Validate & Grade M & W Patterns.
Indicator Inputs
Table Color Palette
• Position Valid : Positions the Valid Trade table on the chart.
• Position Grade : Positions the Grade table on the chart, hover over the Column 1 Row 1 for a description of the bands.
• Size: Text size for all tables.
• Text Color : Sets text color.
• Border Color : Sets the table border color for all tables.
• Background Color : Sets table backgroud color for all tables.
Valid Trade Table
Checkboxes to indicate if the trade is valid. Fail is displayed if unchecked, Pass if checked.
Grade Table
• S/R Level 1: distance between neckline and 1st resistance area in % of the total distance between neckline and take profit. This is not for road blocks but pivot points etc before the initial run up/down in price. I have this set to 30% , this means that if there is a pivot point between the neckline and 30% of the TP level I weight it negatively.
• S/R Level 2: distance between neckline and 1st resistance area in % of the total distance between neckline and take profit. This is not for road blocks but pivot points etc before the initial run up/down in price. I have this set to 50% , this means that if there is a pivot point between the neckline and 50% of the TP level 2 weight it negatively but less so than level 1.
• S/R Level 3: distance between neckline and 1st resistance area in % of the total distance between neckline and take profit. This is not for road blocks but pivot points etc before the initial run up/down in price. I have this set to 70% , this means that if there is a pivot point between the neckline and 70% of the TP level 3 weight it negatively but less so than level 1 & level 2.
• Checkboxes are self explanatory, they are binary options, all are weighted negatively if checked and are weighted positively if unchecked. Divergence values for weighting are neutral if unckecked & weighted positively if checked.
• The select options are neutral weighting if set to neutral , if set to For its weighted positive and set to Against weighted negatively.
Technical Specification of the Scoring and Band System
Overview
The scoring system is designed to evaluate a set of technical trade conditions, assigning weights to various criteria that influence the quality of the trade. The system calculates a total score based on both positive and negative conditions. Based on the final score, the system assigns a grade or band (A, B, or C) for positive scores, and a "Negative" label for negative scores.
Scoring System
The system calculates the score by evaluating a set of 12 conditions (gradeCondition1 to gradeCondition12). These conditions are manually input by the user via checkboxes or dropdowns in a technical indicator (written in Pine Script for TradingView). The score weights vary according to the relative importance of each condition.
Condition Breakdown and Weighting:
1. Divergences (GradeCondition1 & GradeCondition2):
◦ 1H Divergence: +5 points if condition is true.
◦ 4H Divergence: +10 points if condition is true (stronger weight than 1H).
2. Support/Resistance at Neckline (GradeCondition3):
◦ Negative if present: -15 points if true (carries significant negative weight).
3. RB near Entry (GradeCondition4):
◦ Very Negative: -20 points if true (this is a critical negative condition).
4. RB can Manage (GradeCondition5):
◦ Slightly Negative: -5 points if true.
5. Institutional Value Zones (GradeCondition6 to GradeCondition8):
◦ For the trade: +5 points.
◦ Against the trade: -5 points.
◦ Neutral: 0 points.
6. S/R between Neckline & Targets (GradeCondition9 to GradeCondition11):
◦ Level 1: -10 points if true, +7 points if false.
◦ Level 2: -7 points if true, +7 points if false.
◦ Level 3: -5 points if true, +7 points if false.
◦ Use fib tool or Gann Box to measure any S/R levels setup according to your preferences.
7. News Timing (GradeCondition12):
◦ News within 3 hours: -20 points if true (strong negative factor).
◦ No upcoming news: +10 points if false.
Scoring Calculation Formula:
totalScore = score1 + score2 + score3 + score4 + score5 + score6 + score7 + score8 + score9 + score10 + score11 + score12
Where:
• score1 to score12 represent the points derived from the conditions described above.
Coloring and Visual Feedback:
• Positive Scores: Displayed in green.
• Negative Scores: Displayed in red.
Band System
The Band System classifies the total score into different grades, depending on the final value of totalScore. This classification provides an intuitive ranking for trades, helping users quickly assess trade quality.
Band Classification:
• Band A: If the totalScore is 41 or more.
◦ Represents a highly favorable trade setup.
• Band B: If the totalScore is between 21 and 40.
◦ Represents a favorable trade setup with good potential.
• Band C: If the totalScore is between 1 and 20.
◦ Represents a trade setup that is acceptable but may have risks.
• Negative: If the totalScore is 0 or less.
◦ Represents a poor trade setup with significant risks or unfavorable conditions.
Band Calculation Logic (in Pine Script):
var string grade = ""
if (totalScore >= 41)
grade := "Band A"
else if (totalScore >= 21)
grade := "Band B"
else if (totalScore >= 1)
grade := "Band C"
else
grade := "Negative"
Technical Key Points:
• Highly Negative Conditions:
◦ The system penalizes certain conditions more heavily, especially those that suggest significant risks (e.g., News in less than 3 hours, RB near Entry).
• Positive Trade Conditions:
◦ Divergences, Institutional Value Zones in favor of the trade, and lack of significant nearby resistance all contribute positively to the score.
• Flexible System:
◦ The system can be adapted or fine-tuned by adjusting the weights of individual conditions according to trading preferences.
Use Case Example:
• If a trade has 1H and 4H Divergence, RB near Entry (negative), and no upcoming news:
◦ 1H Divergence: +5 points.
◦ 4H Divergence: +10 points.
◦ RB near Entry: -20 points.
◦ No news: +10 points.
◦ Total Score: 5 + 10 - 20 + 10 = 5 → Band C.
This modular and flexible scoring system allows traders to systematically evaluate trades and quickly gauge the trade's potential based on technical indicators
Summary:
Maximum Score: 61
Minimum Score: -97
These are the bounds of the score range based on the current logic of the script.
Advanced Technical Range and Expectancy Estimator [SS]Hello everyone,
This indicator is a from of momentum based probability modelling. It is derived from my own approaches to probability modelling but just simplified a bit.
How it works:
The indicator looks at various technical, including stochastics, RSI, MFI and Z-Score, to determine the likely sentiment. All of these, with the exception of Z-Score, are momentum based indicators and can alert us to likely sentiment. However, instead of us making the subjective determination ourselves as to whether the RSI or MFI or Stochastics are bullish, the indicator will look at previous instances of these occurrences, and tally the bullish and bearish follow throughs that happened. It will also calculate the average target price that was hit, under similar conditions, on the same timeframe.
The Z-Score is your "tie breaker". It is not a momentum based indicator and measures something a little different (the standard deviation and over-extension of the stock). For this reason, it provides an alternative assessment and tends to be a bit more reliable in times of low momentum.
Back-test Results:
The indicator back-tests itself over the previous 100 candles. I have limited it to 100 candles for pragmatic considerations (it has to back-test each technical individually and increasing the BT length will slow and potentially error out the indicator) as well as accuracy considerations.
One thing I have noticed in my years of trying to crack the code and develop probability models for tickers, is historical accuracy doesn't always matter because sentiment is always changing. You need to see what it has done over the most recent 100 to 200 candles.
There are two back-test windows, one for the price targets and the other for the sentiment accuracy. The most effective/most accurate will highlight green, the least effective/least accurate will highlight red:
In the image above, you can see that the most accurate predictor of sentiment is Z-Score, with a 90.32% accuracy rate over the past 100 candles.
The most accurate predictor of price is MFI, with a 60% (for bull targets) and 42% (for bear targets)accuracy rate.
Anchoring Points:
The indicator permits you to anchor by two points. The default setting is anchoring by previous candle. If you plan to use this as an oscillator, to see the current prediction for the current candle you are viewing, then you will need to leave this default setting. It will pull the data from the previous candle and give you the data for the current candle you are on.
If you are assess the likely sentiment for the next day after the day has closed off, you will want to anchor by current candle. This will take the current technicals that the day has closed off with and run the assessment for you.
Customizability
You can customize the technicals by source and length of assessment.
They are all defaulted to the traditional settings of these indicators, but if you want to customize your model to try and improve or enhance accuracy in one way or another, you are free and able to do so!
I do suggest leaving the defaults as they seem to work particular well :-).
Thresholds
Thresholds are the tolerance levels that we permit for our technical search range. If you want them to be exactly identical, then you can set it to 0. If you want it to be extremely similar, you can set it to 0.01. This will hone in on the ranges you are interest in and you can see how it affects your accuracy by reviewing the results in the back-test tables.
Keep Static Colour Option
I want to make a quick note on the "Keep Static Colour" option that is in your settings menu.
The primary table that shows you the probability and price targets change colours based on the accuracy of the assessment. This is so, if you are using a mobile device or smaller screen and can't have the back-test results open at the same time, you can see still which are the most reliable results. However, if you have the back-test tables open and you find these colour changes too distracted, you can toggle on the "Keep Static Colour" and it will resort the colour of the table to a solid white:
Show Technicals
The indicator can show you the current technical values if you are using it in place of an oscillator. Its less pivotal as its making the assessment for you, but just for your reference if you want to see what the current MFI, Z-Score or Stochastics etc. are, you have that option as well.
All Timeframes Permitted
You can view Weekly, Monthly, Hourly, 5 minute, 1 minute, its all supported!
That's the indicator in a nutshell.
Hope you enjoy and leave your questions below.
Safe trades everyone!
Tick Data DetailedHello All,
After Tick Chart and Tick Chart RSI scripts, this is Tick Data Detailed script. Like other tick scrips this one only works on real-time bars too. it creates two tables: the table at the right shows the detailed data for Current Bar and the table at the left shows the detailed data for all calculated bars (cumulative). the script checks the volume on each tick and add the tick and volume to the specified level (you can set/change levels)
The volume is multiplied by close price to calculate real volume .There are 7 levels/zones and the default levels are:
0 - 10.000
10.000 - 20.000
20.000 - 50.000
50.000 - 100.000
100.000 - 200.000
200.000 - 400.000
> 400.000
With this info, you will get number of ticks and total volumes on each levels. The idea to separate this levels is in order to know which type of traders trade at that moment. for example volume of whale moves are probably greater than 400.000 or at least 100.000. Or volume of small traders is less than 10.000 or between 20.000-50.000.
You will get info if there is anomaly on each candle as well. what is anomaly definition? Current candle is green but Sell volume is greater than Buy volume or current candle is red but Buy volume is greater than Sell volume . it is shown as (!). you should think/search why/how this anomaly occurs. You can see screenshot about it below.
also "TOTAL" text color changes automatically. if Buy volume is greater than Sell volume then its color becomes Green, if Sell volume is greater than Buy volume then its color becomes Red (or any color you set)
Optionally you can change background and text colors as shown in the example below.
Explanation:
How anomaly is shown:
You can enable coloring background and set the colors as you wish:
And Thanks to @Duyck for letting me use the special characters from his great script.
Enjoy!
ADR, ATR & VOL OverlayThis is a combined version of 2 of my other indicators:
ADR / ATR Overlay
VOL / AVG Overlay
This indicator will display the following as an overlay on your chart:
ADR
% of ADR
ADR % of Price
ATR
% of ATR
ATR % of Price
Custom Session Volume
Average For Selected Session
Volume Percentage Comparison
Description:
ADR : Average Day Range
% of ADR : Percentage that the current price move has covered its average.
ADR % of Price : The percentage move implied by the average range.
ATR : Average True Range
% of ATR : Percentage that the current price move has covered its average.
ATR % of Price : The percentage move implied by the average true range.
Custom Session Volume : User chosen time frame to monitor volume
Average For Selected Session : Average for the custom session volume
Volume Percentage Comparison : Current session compared to the average (calculated at session close)
Options:
ADR/ATR:
Time Frame
Length
Smoothing
Volume:
Set Custom Time Frame For Calculations
Set Custom Time Frame For Average Comparison
Set Custom Time Zone
Table:
Enable / Disable Each Value
Change Text Color
Change Background Color
Change Table location
Add/Remove extra row for placement
ADR / ATR Example:
The ADR and ATR can be used to provide information about average price moves to help set targets, stop losses, entries and exits based on the potential average moves.
Example: If the "% of ADR" is reading 100%, then 100% of the asset's average price range has been covered, suggesting that an additional move beyond the range has a lower probability.
Example: "ADR % of Price" provides potential price movement in percentage which can be used to asses R/R for asset.
Example: ADR (D) reading is 100% at market close but ATR (D) is at 70% at close. This suggests that there is a potential (coverage) move of 30% in Pre/Post market as suggested by averages.
Custom Volume Session Example:
Set indicator to 30 period average. Set custom time frame to 9:30am to 10:30am Eastern/New York.
When the time frame for the calculation is closed, the indicator will provide a comparison of the current days volume compared to the average of 30 previous days for that same time frame and display it as a percentage in the table.
In this example you could compare how the first hour of the trading day compares to the previous 30 day's average, aiding in evaluating the potential volume for the remainder of the day.
Notes:
Times must be entered in 24 hour format. (1pm = 13:00 etc.)
Volume indicator is for Intra-day time frames, not > Day.
How I use these values:
I use these calculations to determine if a ticker symbol has the necessary range to achieve target gains, to determine if the price oscillation is within "normal" ranges to determine if the trading day will be choppy, and to determine placement of stops and targets within average ranges in combination with support, resistance and retracement levels.
Order Block Matrix [Alpha Extract]The Order Block Matrix indicator identifies and visualizes key supply and demand zones on your chart, helping traders recognize potential reversal points and high-probability trading setups.
This tool helps traders:
Visualize key order blocks with volume profile histograms showing liquidity distribution.
Identify high-volume price levels where institutional activity occurs.
rank historical order blocks and analyze their strength based on volume.
Receive alerts for potential trading opportunities based on price-block interactions.
🔶 CALCULATION
The indicator processes chart data to identify and analyze order blocks:
Order Block Detection
Inputs:
Price action patterns (consolidation areas followed by breakouts).
Volume data from current and lower timeframes.
User-defined lookback periods and thresholds.
Detection Logic:
Identifies consolidation areas using a dynamic range comparison.
Confirms breakout patterns with percentage threshold validation.
Maps volume distribution across price levels within each order block.
🔶Volume Analysis
Volume Profiling:
Divides each order block into configurable grid segments.
Maps volume distribution across price segments within blocks.
Highlights zones with highest volume concentration.
Strength Assessment:
Calculates total block volume and relative strength metrics.
Compares block volume to historical averages.
Determines probability of reversal based on volume patterns.
isConsolidation(len) =>
high_range = ta.highest(high, len) - ta.lowest(high, len)
low_range = ta.highest(low, len) - ta.lowest(low, len)
avg_range = (high_range + low_range) / 2
current_range = high - low
current_range <= avg_range * (1 + obThreshold)
🔶 DETAILS
Visual Features
Volume Profile Histograms:
Color-coded bars showing volume concentration within order blocks.
Gradient coloring based on relative volume (high volume = brighter colors).
Bull blocks (green/teal) and bear blocks (red) with varying opacity.
Block Visualization:
Dynamic box sizing based on volume concentration.
Optional block borders and background fills.
Volume labels showing total block volume.
Screener Table:
Real-time analysis of order block metrics.
Shows block direction, proximity, retest count, and volume metrics.
Color-coded for quick reference.
Interpretation
High Volume Areas: Zones with institutional interest and potential reversal points.
Block Direction: Bullish blocks typically support price, bearish blocks typically resist price.
Retests: Multiple tests of an order block may strengthen or weaken its influence.
Block Age: Newer blocks often have stronger influence than older ones.
Volume Concentration: Brightest segments within blocks represent the highest volume areas.
🔶 EXAMPLES
The indicator helps identify key trading opportunities:
Bullish Order Blocks
Support Zones: Identify strong support levels where price is likely to bounce.
Breakout Confirmation: Validate breakouts with volume analysis to avoid false moves.
Retest Strategies: Enter trades when price retests a bullish order block with high volume.
Bearish Order Blocks
Resistance Zones: Identify strong resistance levels where price is likely to reverse.
Distribution Areas: Detect zones where smart money is distributing to retail.
Short Opportunities: Find optimal short entry points at high-volume bearish blocks.
Combined Strategies
Order Block Stacking: Multiple aligned blocks create stronger support/resistance zones.
Block Mitigation: When price breaks through a block, it often indicates a strong trend continuation.
Volume Profile Applications: Higher volume segments provide more precise entry and exit points.
🔶 SETTINGS
Customization Options
Order Block Detection:
Consolidation Lookback: Adjust the period for consolidation detection.
Breakout Threshold: Set minimum percentage for breakout confirmation.
Historical Lookback Limit: Control how far back to scan for historical order blocks.
Maximum Order Blocks: Limit the number of visible blocks on the chart.
Visual Style:
Grid Segments: Adjust the number of volume profile segments.
Extend Blocks to Right: Enable/disable extending blocks to current price.
Show Block Borders: Toggle border visibility.
Border Width: Adjust thickness of block borders.
Show Volume Text: Enable/disable volume labels.
Volume Text Position: Control placement of volume labels.
Color Settings:
Bullish High/Low Volume Colors: Customize appearance of bullish blocks.
Bearish High/Low Volume Colors: Customize appearance of bearish blocks.
Border Color: Set color for block outlines.
Background Fill: Adjust color and transparency of block backgrounds.
Volume Text Color: Customize label appearance.
Screener Table:
Show Screener Table: Toggle table visibility.
Table Position: Select positioning on the chart.
Table Size: Adjust display size.
The Order Block Matrix indicator provides traders with powerful insights into market structure, helping to identify key levels where smart money is active and where high-probability trading opportunities may exist.
Revenue & Net IncomeRevenue & Net Income Indicator
This indicator provides a clear visual representation of a company's revenue and net income, with the flexibility to switch between Trailing Twelve Months (TTM) and Quarterly data. Values are automatically converted into billions and displayed in both an area chart and a dynamic table.
Features:
TTM & Quarterly Data: Easily toggle between financial periods.
Intuitive Visuals: Semi-transparent area charts make trends easy to spot.
Smart Number Formatting: Revenue below 1B is shown with two decimals (e.g., "0.85B"), while larger values use one decimal (e.g., "1.2B").
Customizable Table: Displays the most recent revenue and net income figures, with adjustable position and text size.
Light Mode: Switch table text to black with a white header for better readability on light backgrounds.
This indicator is freely available and open-source on TradingView for all. It is designed to help traders enhance their market analysis and strategic decision-making.
DataDoodles SD + ProbabilityDataDoodles SD + Probability
Overview:
The “DataDoodles SD + Probability” indicator is designed to provide traders with a statistical edge by leveraging standard deviation and probability metrics. This advanced tool calculates the annualized standard deviation, Z-score, and probability of price movements, offering insights into potential market direction with customizable alert thresholds.
Key Features:
1. Annualized Standard Deviation (Volatility) Calculation:
• Uses a user-defined period to compute the rolling standard deviation of daily returns.
• Annualizes the volatility, giving a clear picture of expected price fluctuations.
2. Probability of Price Movement:
• Calculates the probability of price moving up or down using a corrected Z-Score.
• Displays the probability percentage for both upward and downward movements.
3. Dynamic Alerts:
• Configurable alerts for upward and downward price movement probabilities.
• Receive alerts when the probability exceeds user-defined thresholds.
4. Projections and Visuals:
• Plots projected high and low price levels based on annualized volatility.
• Displays Z-Score and probability metrics on the chart for quick reference.
5. Comprehensive Data Table:
• Bottom-center table displays key metrics:
• Daily Return
• Standard Deviation (SD)
• Annualized Standard Deviation (Yearly SD)
User Inputs:
• Annualization Period: Set the time frame for volatility annualization (Default: 252 days).
• SD Period: Define the rolling window for calculating standard deviation (Default: 252 days).
• Alert Probability Up/Down: Customize the probability thresholds for alerts (Default: 90%).
How It Works:
• Data Request and Calculation:
• Uses daily close prices to ensure consistent timeframe calculations.
• Calculates daily returns and annualizes the volatility using the square root of the time frame.
• Probability Computation:
• Employs a normal distribution CDF approximation to compute the probability of upward and downward price movements.
• Adjusts probabilities based on Z-Score to ensure accuracy.
• High and Low Projections:
• Utilizes the annualized volatility to estimate high and low price projections for the year.
• Visual Indicators and Alerts:
• Plots projected high (green) and low (red) levels on the chart.
• Displays Z-Score, probability percentages, and dynamically updates a statistics table.
Use Cases:
• Trend Analysis: Identify high-probability market movements using the probability metrics.
• Volatility Insights: Understand annualized volatility to gauge market risk and potential price ranges.
• Strategic Trading Decisions: Set alerts for high-probability scenarios to optimize entry and exit points.
Why Use “DataDoodles SD + Probability”?
This indicator provides a powerful combination of statistical analysis and visual representation. It empowers traders with:
• Quantitative Edge: By leveraging probability metrics and standard deviation, users can make informed trading decisions.
• Risk Management: Annualized volatility projections help in setting realistic stop-loss and take-profit levels.
• Actionable Alerts: Customizable probability alerts ensure users are notified of potential market moves, allowing proactive trading strategies.
Recommended Settings:
• Annualization Period: 252 (Ideal for daily data representing a trading year)
• SD Period: 252 (One trading year for consistent volatility calculations)
• Alert Probability: Set to 90% for conservative signals or lower for more frequent alerts.
Final Thoughts:
The “DataDoodles SD + Probability” indicator is a robust tool for traders looking to integrate statistical analysis into their trading strategies. It combines volatility measurement, probability calculations, and dynamic alerts to provide a comprehensive market overview.
Whether you’re a day trader or a long-term investor, this indicator can enhance your market insight and improve decision-making accuracy.
Disclaimer:
This indicator is a technical analysis tool designed for educational purposes. Past performance is not indicative of future results. Traders are encouraged to perform their own analysis and manage risk accordingly.
Advanced Trend and Volatility Indicator with Alerts by ZaimonThis script presents a comprehensive analytical tool that integrates multiple technical indicators to provide a holistic view of market trends and volatility. By uniquely combining Moving Averages (MA), Relative Strength Index (RSI), Stochastic Oscillator, Bollinger Bands, and Average True Range (ATR), it offers nuanced insights into price movements and helps identify potential trading opportunities.
---
### **Key Features and Integration:**
1. **Moving Averages (MA20 & MA50):**
- **Trend Identification:**
- **Methodology:** Calculates two Simple Moving Averages—MA20 (short-term) and MA50 (long-term).
- **Bullish Trend:** When MA20 crosses above MA50, indicating upward momentum.
- **Bearish Trend:** When MA20 crosses below MA50, signaling downward momentum.
- **Golden Cross & Death Cross Alerts:**
- **Golden Cross:** MA20 crossing above MA50 generates a bullish alert and visual symbol.
- **Death Cross:** MA20 crossing below MA50 triggers a bearish alert and visual symbol.
- **Integration:**
- Serves as the foundational trend indicator, influencing interpretations of other indicators within the script.
2. **Relative Strength Index (RSI):**
- **Momentum Measurement:**
- **Methodology:** Calculates RSI to assess the speed and change of price movements over a 14-period length.
- **Overbought/Oversold Conditions:** Customizable thresholds set at 70 (overbought) and 30 (oversold).
- **Alerts:**
- Generates alerts when RSI crosses above or below the specified thresholds.
- **Integration:**
- Confirms trend strength identified by MAs.
- Overbought/Oversold signals can precede potential trend reversals, especially when aligned with MA crossovers.
3. **Stochastic Oscillator:**
- **Momentum and Reversal Signals:**
- **Methodology:** Uses %K and %D lines to evaluate price momentum relative to high-low range over recent periods.
- **Bullish Signal:** %K crossing above %D in oversold territory (below 20).
- **Bearish Signal:** %K crossing below %D in overbought territory (above 80).
- **Alerts:**
- Provides alerts on bullish and bearish crossovers in extreme regions.
- **Integration:**
- Enhances RSI signals by providing additional momentum confirmation.
- When both RSI and Stochastic indicate overbought/oversold conditions, it strengthens the likelihood of a reversal.
4. **Bollinger Bands:**
- **Volatility Visualization:**
- **Methodology:** Plots upper and lower bands based on standard deviations from a moving average (BB Basis).
- **Dynamic Support/Resistance:** Prices touching or exceeding the bands may indicate potential reversals.
- **Integration:**
- Works with RSI and Stochastic to identify overextended price movements.
- Helps in assessing volatility alongside trend and momentum indicators.
5. **Average True Range (ATR):**
- **Volatility Assessment:**
- **Methodology:** Calculates ATR over a 14-period length to measure market volatility.
- **ATR Bands:** Plots upper and lower bands relative to the current price using an ATR multiplier.
- **Integration:**
- Assists in setting stop-loss and take-profit levels based on current volatility.
- Complements Bollinger Bands for a comprehensive volatility analysis.
6. **Information Table:**
- **Real-Time Data Display:**
- Shows current values of MA20, MA50, RSI, Stochastic %K and %D, BB Basis, ATR, and Trend Status.
- **Trend Status Indicator:**
- Displays "Bullish," "Bearish," or "Sideways" based on MA conditions.
- **Integration:**
- Provides a consolidated view for quick decision-making without analyzing individual indicators separately.
7. **Periodic Labels:**
- **Enhanced Visibility:**
- Adds labels every 50 bars showing RSI and Stochastic values.
- **Integration:**
- Helps track momentum changes over time and spot longer-term patterns.
---
### **How the Components Work Together:**
- **Synergistic Analysis:**
- **Trend Confirmation:** MA crossovers establish the primary trend, while RSI and Stochastic confirm momentum within that trend.
- **Volatility Context:** Bollinger Bands and ATR provide context on market volatility, refining entry and exit points suggested by trend and momentum indicators.
- **Signal Strength:** Concurrent signals from multiple indicators increase confidence in trading decisions.
---
### **Usage Guidelines:**
1. **Trend Analysis:**
- **Identify Trend Direction:**
- Observe MA20 and MA50 crossovers.
- Refer to the Trend Status in the information table.
- **Confirm with Momentum Indicators:**
- Ensure RSI and Stochastic support the identified trend.
2. **Entry and Exit Points:**
- **Overbought/Oversold Conditions:**
- Look for RSI and Stochastic reaching extreme levels.
- Consider entering positions when oversold in a bullish trend or overbought in a bearish trend.
- **Bollinger Band Interactions:**
- Use price interactions with Bollinger Bands to identify potential reversal zones.
3. **Risk Management:**
- **ATR-Based Levels:**
- Set stop-loss and take-profit levels using ATR bands to account for current volatility.
- **Adjusting to Volatility:**
- Modify position sizes and targets based on Bollinger Band width and ATR values.
4. **Alerts Setup:**
- **Customize Alert Thresholds:**
- Configure alerts for MA crossovers, RSI levels, and Stochastic crossovers according to your trading strategy.
- **Stay Informed:**
- Use alerts to monitor key events without constant chart observation.
---
### **Customization:**
- **Flexible Parameters:**
- All indicator lengths, thresholds, and settings are adjustable to suit different trading styles and timeframes.
- **Adjustable Visuals:**
- Modify plot colors, line styles, and label positions to enhance chart readability.
---
### **Originality and Value Addition:**
This script differentiates itself by:
- **Integrated Approach:**
- Seamlessly combining multiple indicators to provide a more comprehensive analysis than using each indicator separately.
- **Enhanced Visualization:**
- Utilizing plots, fills, labels, and an information table to present data intuitively.
- **User-Friendly Features:**
- Pre-configured alerts and real-time data displays reduce the need for manual monitoring.
By explaining how each component interacts and contributes to the overall analysis, the script adds substantial value to traders seeking a multi-faceted tool for market analysis.
---
### **Additional Notes:**
- **Learning Resource:**
- The script is well-commented, serving as an educational tool for those learning Pine Script and technical analysis integration.
- **Further Enhancements:**
- Opportunities exist to incorporate additional indicators like MACD or ADX, and to develop advanced alert logic, such as RSI or Stochastic divergences.
---
### **Disclaimer:**
- **Educational Purpose Only:**
- This script is provided for informational purposes and should not be construed as financial advice.
- **Risk Acknowledgment:**
- Trading involves significant risk; past performance is not indicative of future results.
- **Due Diligence:**
- Users should conduct their own analysis and consider consulting a financial professional before making trading decisions.
---
By providing detailed explanations of the methodologies and the synergistic use of multiple indicators, this script aligns with TradingView's guidelines for originality and usefulness. It offers traders a unique tool that enhances market analysis through the thoughtful integration of technical indicators.
StockInfo ManualScript Description:
The StockInfo Manual is designed to display detailed stock information directly on the chart for the selected symbol. It processes user-provided input data, including
stock symbols
Industries
Relative Strength (RS) values
Band information
Key Features:
1. Symbol-Specific Data Display: Displays information only for the current chart symbol.
2. Customizable Table: Adjust the table's position, text size, colors, and headers to match your preferences.
3. Low RS/Band Conditions: Highlights critical metrics (RS < 50 or Band < 6) with a red background for quick visual cues.
4. Toggle Information: Choose to show or hide RS, Band, and Industry columns based on your needs.
How to Use the Script:
1. Use any platform (ex: chartsmaze) to get Industry,RS and Band information of any Stock. Prepare the data as separate column of excel
2. Configure Inputs:
- Stock Symbols (`Stock`): Enter a comma-separated list of stock symbols (e.g.,
NSE:ABDL,
NSE:ABFRL,
NSE:ABREL,
NSE:ABSLAMC,
NSE:ACC,
NSE:ACE,
- Industries (`Industry`): Provide a comma-separated list of industries for the stocks (e.g., 103-Brewerie,
109-Retail-D,
92-Paper & ,
19-Asset Ma,
62-Cement,
58-Industri,
- Relative Strength (`RS`): Input RS values for each stock (e.g.,
83,
52,
51,
81,
23,
59,
- Band Information (`Band`): Specify Band values for each stock. Use "No Band" if 10,
No Band,
20,
20,
No Band,
20,
3. Customize the Table:
-Display Options: Toggle the visibility of `RS`, `Band`, and `Industry` using the input checkboxes.
-Position and Appearance: Choose the table's position on the chart (e.g., top-right, bottom-center). Customize text size, background colors, header display, and other visual elements.
4. Interpret the Table:
- The table will dynamically display information for the current chart symbol only.
- If the `RS` is below 50 or the Band is below 6, the corresponding row is highlighted with a red background for immediate attention.
One need to enter details at least weekly for a correct result
OBV Divergence Indicator [TradingFinder] On-Balance Vol Reversal🔵 Introduction
The On-Balance Volume (OBV) indicator, introduced by Joe Granville in 1963, is a powerful technical analysis tool used to measure buying and selling pressure based on trading volume and price.
By aggregating trading volume—adding it on positive days and subtracting it on negative days—OBV creates a cumulative line that reflects market volume pressure, making it valuable for confirming trends, identifying entry and exit points, and forecasting potential price movements.
Divergences between price and OBV often provide significant signals. A bearish divergence occurs when the price forms higher highs while the OBV line forms lower highs. This discrepancy indicates that upward momentum is weakening, increasing the likelihood of a downward trend.
In contrast, a bullish divergence happens when the price makes lower lows, but the OBV line forms higher lows. This suggests increasing buying pressure and the potential for an upward trend reversal.
For instance, if the price is rising but the OBV trendline is falling, it may signal a bearish divergence, warning of a possible price decline. Conversely, if the price is falling while the OBV line is rising, this could signal a bullish divergence, indicating a possible price recovery. These signals are particularly useful for identifying market turning points.
OBV often acts as a leading indicator, moving ahead of price changes. For example, a rising OBV alongside stable or declining prices can signal an impending upward breakout.
Conversely, a declining OBV with rising prices may indicate that the current uptrend is losing strength. Traders using this strategy often consider entering positions at breakout levels while setting stop losses near recent swing highs or lows to manage risk effectively.
This integration highlights how OBV divergences can provide actionable insights for predicting price movements and managing trades efficiently.
Bullish Divergence :
Bearish Divergence :
🔵 How to Use
The OBV indicator, as a cumulative tool, assists analysts in comparing volume and price changes to identify new trends and key levels for entering or exiting trades. Beyond confirming existing trends, it is particularly effective in analyzing positive and negative divergences between price and volume, providing valuable signals for trading decisions.
🟣 Bullish Divergence
A bullish divergence occurs when the price continues its downward or stable trend, but the OBV line starts rising, forming a higher low compared to its previous low. This suggests increasing volume on up days relative to down days and often signals a reversal to the upside.
For instance, if an asset's price stabilizes near a support level but the OBV line shows an upward trend, this divergence could present an opportunity to enter a long position.
🟣 Bearish Divergence
A bearish divergence occurs when the price forms higher highs, but the OBV line declines, creating lower highs compared to previous peaks. This indicates decreasing volume on up days relative to down days and often acts as a warning for a reversal to the downside.
For example, if an asset’s price approaches a resistance level while OBV starts declining, this divergence may signal the beginning of a downtrend and could indicate a good time to exit long trades or enter short positions.
🔵 Setting
Period : The "Period" setting allows you to define the number of bars or intervals for "Periodic" and "EMA" modes. A shorter period captures more short-term movements, while a longer period smooths out the fluctuations and provides a broader view of market trends.
You can enable or disable labels to highlight key levels or divergences and tables to show numerical details like values and divergence types. These options allow for a customized chart display.
🔵 Table
The following table breaks down the main features of the oscillator. It covers four critical categories: Exist, Consecutive, Divergence Quality, and Change Phase Indicator.
Exist : If divergence is detected, a "+" will appear in this row.
Consecutive: Shows the number of consecutive divergences that have formed in a short period.
Divergence Quality : Evaluates the quality of the divergence based on the number of occurrences. One is labeled "Normal," two are "Good," and three or more are considered "Strong."
Change Phase Indicator : If a phase change is detected between two oscillation peaks, this is marked in the table.
🔵 Conclusion
The OBV (On Balance Volume) indicator is a simple yet effective tool in technical analysis that combines volume and price changes to provide a comprehensive view of market buying and selling pressure. By identifying positive and negative divergences, OBV enables analysts to detect early signs of trend reversals and refine their trading strategies.
Divergences in OBV often precede price changes, making it a leading indicator for predicting market movements. Using OBV alongside other technical tools can enhance decision-making accuracy and help traders identify better entry and exit points. However, it is essential to consider the limitations of OBV, such as the potential for signal errors and the impact of sudden news events.
Ultimately, OBV serves as a complementary tool in technical analysis, aiding in trend identification, signal confirmation, and risk management. A thoughtful application of this indicator, in combination with other analytical tools, can create valuable opportunities for profiting in financial markets.
Weekly H/L DOTWThe Weekly High/Low Day Breakdown indicator provides a detailed statistical analysis of the days of the week (Monday to Sunday) on which weekly highs and lows occur for a given timeframe. It helps traders identify recurring patterns, correlations, and tendencies in price behavior across different days of the week. This can assist in planning trading strategies by leveraging day-specific patterns.
The indicator visually displays the statistical distribution of weekly highs and lows in an easy-to-read tabular format on your chart. Users can customize how the data is displayed, including whether the table is horizontal or vertical, the size of the text, and the position of the table on the chart.
Key Features:
Weekly Highs and Lows Identification:
Tracks the highest and lowest price of each trading week.
Records the day of the week on which these events occur.
Customizable Table Layout:
Option to display the table horizontally or vertically.
Text size can be adjusted (Small, Normal, or Large).
Table position is customizable (top-right, top-left, bottom-right, or bottom-left of the chart).
Flexible Value Representation:
Allows the display of values as percentages or as occurrences.
Default setting is occurrences, but users can toggle to percentages as needed.
Day-Specific Display:
Option to hide Saturday or Sunday if these days are not relevant to your trading strategy.
Visible Date Range:
Users can define a start and end date for the analysis, focusing the results on a specific period of interest.
User-Friendly Interface:
The table dynamically updates based on the selected timeframe and visibility of the chart, ensuring the displayed data is always relevant to the current context.
Adaptable to Custom Needs:
Includes all-day names from Monday to Sunday, but allows for specific days to be excluded based on the user’s preferences.
Indicator Logic:
Data Collection:
The indicator collects daily high, low, day of the week, and time data from the selected ticker using the request.security() function with a daily timeframe ('D').
Weekly Tracking:
Tracks the start and end times of each week.
During each week, it monitors the highest and lowest prices and the days they occurred.
Weekly Closure:
When a week ends (detected by Sunday’s daily candle), the indicator:
Updates the statistics for the respective days of the week where the weekly high and low occurred.
Resets tracking variables for the next week.
Visible Range Filter:
Only processes data for weeks that fall within the visible range of the chart, ensuring the table reflects only the visible portion of the chart.
Statistical Calculations:
Counts the number of weekly highs and lows for each day.
Calculates percentages relative to the total number of weeks in the visible range.
Dynamic Table Display:
Depending on user preferences, displays the data either horizontally or vertically.
Formats the table with proper alignment, colors, and text sizes for easy readability.
Custom Value Representation:
If set to "percentages," displays the percentage of weeks a high/low occurred on each day.
If set to "occurrences," displays the raw count of weekly highs/lows for each day.
Input Parameters:
High Text Color:
Color for the text in the "Weekly High" row or column.
Low Text Color:
Color for the text in the "Weekly Low" row or column.
High Background Color:
Background color for the "Weekly High" row or column.
Low Background Color:
Background color for the "Weekly Low" row or column.
Table Background Color:
General background color for the table.
Hide Saturday:
Option to exclude Saturday from the analysis and table.
Hide Sunday:
Option to exclude Sunday from the analysis and table.
Values Format:
Dropdown menu to select "percentages" or "occurrences."
Default value: "occurrences."
Table Position:
Dropdown menu to select the table position on the chart: "top_right," "top_left," "bottom_right," "bottom_left."
Default value: "top_right."
Text Size:
Dropdown menu to select text size: "Small," "Normal," "Large."
Default value: "Normal."
Vertical Table Format:
Checkbox to toggle the table layout:
Checked: Table displays days vertically, with Monday at the top.
Unchecked: Table displays days horizontally.
Start Date:
Allows users to specify the starting date for the analysis.
End Date:
Allows users to specify the ending date for the analysis.
Use Cases:
Day-Specific Pattern Recognition:
Identify if specific days, such as Monday or Friday, are more likely to form weekly highs or lows.
Seasonal Analysis:
Use the start and end date filters to analyze patterns during specific trading seasons.
Strategy Development:
Plan day-based entry and exit strategies by identifying recurring patterns in weekly highs/lows.
Historical Review:
Study historical data to understand how market behavior has changed over time.
TradingView TOS Compliance Notes:
Originality:
This script is uniquely designed to provide day-based statistics for weekly highs and lows, which is not a common feature in other publicly available indicators.
Usefulness:
Offers practical insights for traders interested in understanding day-specific price behavior.
Detailed Description:
Fully explains the purpose, features, logic, input settings, and use cases of the indicator.
Includes clear and concise details on how each input works.
Clear Input Descriptions:
All input parameters are clearly named and explained in the script and this description.
No Redundant Functionality:
Focused specifically on tracking weekly highs and lows, ensuring the indicator serves a distinct purpose without unnecessary features.
Volume Indıcator [JP & Dia]The volume indicator refers to the total amount of a financial instrument that has been traded within a specific time frame. This can include shares, contracts, or lots. Market exchanges track and provide this data. The volume indicator is one of the oldest and most widely used indicators in trading. It is typically represented by colored columns, with green indicating up volume and red indicating down volume, along with a moving average. Unlike other indicators, the volume indicator is not based on price. A high volume suggests a strong interest in a particular instrument at its current price, while a low volume suggests the opposite.
When there is a sudden increase in trading volume, it indicates a higher likelihood of the price changing. This often occurs during news events. Strong trending movements are often accompanied by increased trading volume, which can be seen as a measure of strength. Traders would typically expect to see high buying volume at a support level and high selling volume at a resistance level. There are various ways to incorporate volume into a trading strategy, and many traders combine it with other analysis techniques.
USECASE :
Timeframe Selection: Choose the timeframe for which you want to analyze the volume.
Volume Display Options: Toggle the display of today’s, yesterday’s, and the day before yesterday’s volume data.
Text Color: Select the color for the text in the volume table.
Volume Data Retrieval: The script fetches volume data for the selected timeframe and the daily volume for the current and previous two days.
Percentage Change Calculation: Calculates the percentage change in volume between days to identify significant increases or decreases.
Volume Table: A table is created to display the volume data and percentage changes, updating in real-time with each new bar.
MACD All In One Screener [ChartPrime]INTRODUCTION
MACD All In One Screener (ChartPrime) is a multi instrument, multi timeframe indicator designed to provide traders with a comprehensive solution to monitoring the market. This indicator is designed to be easy to use and visually appealing while also being highly flexible and feature rich. Users can pick up to 10 symbols not including the chart's symbol and set up alerts for many different signals that the MACD produces. One standout feature of this indicator is its ability to display not only each symbol individually as a MACD but you can also view its chart from within this indicator. This removes the need to flip between symbols to see the price action for your basket.
On top of that we have designed this indicator to be friendly with "indicator on indicator" by providing outputs for all of the standards of price that users may want. Included is an overview section that shows all of the symbols signals symbolically over time. Additionally we have included a table for easy monitoring. This table includes the symbol, its timeframe, the current alert, and its histogram state. To make things as user friendly as possible we have also included rich error handling that tells you exactly what is wrong with your configuration.
HOW TO USE
To use this indicator, simply add it to your chart and navigate to the settings. From there select the symbols you want to monitor and the timeframes you want to use. Next you want to navigate down to the alerts section to select the what alerts you want to receive, and what symbols you want to get alerts for. Finally, you wan to create your alert using "Any alert() function call". Now your screener is all set up!
OVERVIEW OF INPUTS
View allows you to select what the indicator currently displays. You can pick from any one of the selected symbols, an overview of all of the symbols, or simply nothing. If you want to only use the table, "None" is provided so you can move the indicator into the chart panel.
View Toggle lets you pick from displaying the MACD for the selected symbol or the Price Action as a candle chart. To see your "indicator on indicator" you will have to select a symbol from the view list. There is a bug where if you select "Overview" while you are using "indicator on indicator" your added indicator will see the last symbol you viewed. To fix this, simply change the setting of your overlaid indicator and it will correct its self.
History Length is the number of historical bars to calculate over. This feature is here to prevent the indicator from breaking due to uneven historical data between the symbols.
Show Price Line toggles a dotted line that follows the current symbols closing price when "Price" is selected under the "View Toggle" dropdown.
Show Symbol Label toggles a label that displays the current symbols name and timeframe. This only impacts the single symbol view.
Overview Label Color adjusts the color of the symbol labels for both overview and single symbol view.
MA Type lets you pick what kind of moving average you want to use for the oscillator or signal. You can pick from the standard SMA or EMA.
Fast Length is a standard input for MACD. This lets you pick the period of the fast MA.
Slow Length , just like Fast Lenght, is a standard input for MACD. This lets you pick the period of the slow MA.
Signal Length is another standard input for MACD. This lets you configure the period of the signal MA.
MACD Cross Overlay Icon is a toggle to display MACD crosses when viewing a single symbol's MACD. When the MACD has a bullish cross it will plot a bullish dot, and when it has a bearish cross it will plot a bearish dot. This is purely visual.
Regular Bullish and Bearish toggles the visual display of the divergences on the single symbol view. This does not effect the indicators ability do send alerts.
Divergence Look Right adjusts the number of bars into the future to look for confirmation of a signal. This directly impacts lag but enhances stability.
Divergence Look Left adjusts the number of bars into the past to check for a signal. A longer period will filter out smaller moves
Maximum Lookback adjusts the maximum size of a divergence.
Minimum Lookback adjusts the minimum size of a divergence.
Divergence Drawings picks how you want to visualize the divergence. You can pick from displaying it as a line, a label, or both.
Enable Table toggles the overview table. When enabled it will show you the enabled symbols and their current state. From left to right: symbol name, timeframe, current alert, and histogram state.
Position picks where on the chart you want the table to be.
Text Color adjusts the text color of the table.
BG Color adjusts the background color of the table.
Frame Color adjust the frame color of the table.
Current Symbol Time Frame adjusts the timeframe of the chart's symbol.
Symbol 1 - 10 pick "Symbol's" symbol and timeframe. To use higher timeframes, the symbol's have to be the same type. You can't have a crypto and a stock using HTF at the same time as they don't have the same sessions and will result in an error. You can use unsafe mode (as described below) to potentially get around this.
Enable Symbol when enabled it will give you alerts for the symbol. This also enables the symbol in the overview. If this is disabled it won't send alerts, and it will not show up in overview, or the table.
Wait for Close enables waiting for the bar to close before printing an alert.
Alert Symbol Size picks what size you want the overview symbols to be.
Enable Cross Over 0 Alert: MACD crosses over the 0 line.
Enable Cross Under 0 Alert: MACD crosses under the 0 line.
Enable MACD Cross Bullish Alert: Bullish MACD cross.
Enable MACD Cross Bearish Alert: Bearish MACD cross.
Enable Histogram Bullish Turn Alert: MACD begins to turn bullish but hasn't crossed.
Enable Histogram Bearish Turn Alert: MACD begins to turn bearish but hasn't crossed.
Enable Histogram Bullish Continuation Alert: MACD is in a bullish cross state and it was declining but began rising again.
Enable Histogram Bearish Continuation Alert: MACD is in a bearish cross state and it was rising but began falling again.
Enable Bullish/Bearish Divergence Alert enables divergence alerts. Divergences are lagging, especially on a higher timeframe. These alerts will also tell you the time in the past when the divergence occurred.
Color Section is provided to allow for personalization of the indicator. Everything can be adjusted here.
Disable Error Checking: Only enable this if you want to bypass the built in error checking. This will enable 'Safe Requesting'. Safe Requesting will only request enabled symbols and you will not be able to view symbols that are not enabled in this mode. Only use this if you want to mix symbol types and you know it will work. (An example would be viewing stocks and SPY at the same time.)
CONCLUSION
The MACD All In One Screener (ChartPrime) is a versatile indicator designed to monitor multiple symbols across various timeframes. The flexibility in customization, from MACD settings to visual alerts and table presentations, allows users to tailor the screener to their needs and preferences. We hope you find this as useful and interesting as we do and wish you good luck in the market!
Enjoy
Open-Close Absolute Difference with Threshold CountsThe Open-Close Absolute Difference with Threshold Counts indicator is a versatile tool designed to help traders analyze the volatility and price movements within any given timeframe on their charts. This indicator calculates the absolute difference between the open and close prices for each bar, providing a clear visualization through a color-coded histogram.
Key features include:
• Timeframe Flexibility: Utilizes the current chart’s timeframe, whether it’s a 5-minute, hourly, or daily chart.
• Custom Thresholds: Allows you to set up to four custom threshold levels (Thresholds A, B, C, and D) with default values of 10, 15, 25, and 35, respectively.
• Period Customization: Enables you to define the number of bars (N) over which the indicator calculates the counts, with a default of 100 bars.
• Visual Threshold Lines: Plots horizontal dashed lines on the histogram representing each threshold for easy visual reference.
• Dynamic Counting: Counts and displays the number of times the absolute difference is less than or greater than each threshold within the specified period.
• Customizable Table Position: Offers the flexibility to position the results table anywhere on the chart (e.g., Top Right, Bottom Left).
How It Works:
1. Absolute Difference Calculation:
• For each bar on the chart, the indicator calculates the absolute difference between the open and close prices.
• This difference is plotted as a histogram:
• Green Bars: Close price is higher than the open price.
• Red Bars: Close price is lower than the open price.
2. Threshold Comparison and Counting:
• Compares the absolute difference to each of the four thresholds.
• Determines whether the difference is less than or greater than each threshold.
• Utilizes the ta.sum() function to count occurrences over the specified number of bars (N).
3. Results Table:
• Displays a table with three columns:
• Left Column: Counts where the absolute difference is less than the threshold.
• Middle Column: The threshold value.
• Right Column: Counts where the absolute difference is greater than the threshold.
• The table updates dynamically and can be positioned anywhere on the chart according to your preference.
4. Threshold Lines on Histogram:
• Plots horizontal dashed lines at each threshold level.
• Each line is color-coded for distinction:
• Threshold A: Yellow
• Threshold B: Orange
• Threshold C: Purple
• Threshold D: Blue
How to Use:
1. Add the Indicator to Your Chart:
• Open the Pine Editor on TradingView.
• Copy and paste the provided code into the editor.
• Click “Add to Chart.”
2. Configure Settings:
• Number of Bars (N):
• Set the period over which you want to calculate the counts (default is 100).
• Thresholds A, B, C, D:
• Input your desired threshold values (defaults are 10, 15, 25, 35).
• Table Position:
• Choose where you want the results table to appear on the chart:
• Options include “Top Left,” “Top Center,” “Top Right,” “Bottom Left,” “Bottom Center,” “Bottom Right.”
3. Interpret the Histogram:
• Observe the absolute differences plotted as a histogram.
• Use the color-coded bars to quickly assess whether the close price was higher or lower than the open price.
4. Analyze the Counts Table:
• Review the counts of occurrences where the absolute difference was less than or greater than each threshold.
• Use this data to gauge volatility and price movement intensity over the specified period.
5. Visual Reference with Threshold Lines:
• Refer to the horizontal dashed lines on the histogram to see how the absolute differences align with your thresholds.
Example Use Case:
Suppose you’re analyzing a 5-minute chart for a particular stock and want to understand its short-term volatility:
• Set the Number of Bars (N) to 50 to analyze the recent 50 bars.
• Adjust Thresholds based on the typical price movements of the stock, e.g., Threshold A: 0.5, Threshold B: 1.0, Threshold C: 1.5, Threshold D: 2.0.
• Position the Table at the “Top Right” for easy viewing.
By doing so, you can:
• Quickly see how often the stock experiences significant price movements within 5-minute intervals.
• Make informed decisions about entry and exit points based on the volatility patterns.
• Customize the thresholds and periods as market conditions change.
Benefits:
• Customizable Analysis: Tailor the indicator to fit various trading styles and timeframes.
• Quick Visualization: Instantly assess market volatility and price movement direction.
• Enhanced Decision-Making: Use the counts and visual cues to make more informed trading decisions.
• User-Friendly Interface: Simple configuration and clear display of information.
Note: Always test the indicator with different settings to find the configuration that best suits your trading strategy. This indicator should be used as part of a comprehensive analysis and not as the sole basis for trading decisions.
Export Candles DataThis program is written in Pine Script (version 5) and is designed to retrieve candlestick data (open, high, low, and close prices) from the TradingView chart. The data is displayed in a table located in the upper right corner of the chart.
Main Functions of the Program:
Retrieving candlestick data: The program processes data for the last 10 candlesticks on the selected timeframe (e.g., hourly, minute, etc.) in the TradingView chart. For each candlestick, it retrieves:
Time of the candle's close
Opening price
Highest price during the period
Lowest price during the period
Closing price
Displaying data in a table: The data is presented in a compact table located in the upper right corner of the chart. The table contains 5 columns:
Time of the candle's close (formatted as yyyy-MM-dd HH:mm)
Opening price
Highest price
Lowest price
Closing price
Clearing the table every 50 bars: To prevent the table from becoming overloaded, it clears itself every 50 bars, starting from the first row and first column.
Data updates dynamically: The table dynamically updates, displaying the latest 10 candles, allowing traders to track current market changes.
Application:
This indicator is useful for traders who want a quick view of key candlestick parameters directly on the chart.
The indicator can be easily applied to any instrument or index in TradingView, such as the IMOEX index.
The table view makes it easy to quickly analyze market movements without needing to inspect each candle individually.
How the Program Works:
On each new bar, the program checks the current bar's index.
The program clears the table if 50 bars have passed since the last clearing.
It writes the data of the last 10 candlesticks into the table: the time of the candle's close, opening price, highest and lowest prices, and closing price.
The table updates automatically and continuously displays the latest data.
This indicator is suitable for both short-term and long-term market analysis, providing a convenient and efficient way to monitor price movements directly on the chart.
Checklist By TradeINskiChecklist By TradeINski
First Things First
This indicator is a supporting tool for trading momentum burst that is 2 Lynch setup by stock bee aka Pradeep Bonde.
Disclaimer: This indicator will not give any buy or sell signal. This is just a supporting tool to improve efficiency in my trading.
Apply Indicators and then open indicator settings and read the following simultaneously to understand better.
Default color settings are best suited for light themes. Which is also my personal preference.
Users can change most of the default options in settings according to their personal preference in settings.
When we open settings we can see 3 tabs that are {Inputs tab} {Style tab} {Visibility tab} each tab have its own options, Understand and use it accordingly.
Indicator will be only visible in the Daily time frame as its primary TF is daily. In the lower time frame nothing is plotted.
An indicator is plotted on an existing plane and overlaid on the existing plane.
Contents
My Checklist Lynch
Table Header Settings
Position
Size
Text Color
Background Color
“ON/OFF” Header “Text Box” “Info”
Table Content
Text Color
Background Color
“ON/OFF” R (1 - 10) “Text Box” T (1 - 10) “Text Box”
My Checklist - 2Lynch
This is the checklist I use while placing the trade just to make use of not missing anything based on predefined rules of the setup I trade.
2 - The stock should not be Up more than 2 days in a row, Minor movement can be acceptable.
L - The stock price movement should be linear, validation of established momentum
Y - Young trend in preference 1 - 3rd breakout from base
N - Narrow Range or -ve day before breakout
C - Consolidation should be narrow, linear and low volume. No more than one 4% breakdown.
H - The candle should close near high or at least 20% within when entered.
Table Headers Settings
Position - “Drop Down” with 9 different options which are self explanatory. Users can change the position of the table as per their preference.
Size - “Drop Down” with 6 different options which are self explanatory. Users can change the size of all the text printed in the table as per their preference.
Text Color - “Default Color is White” This setting is specifically only for header text. And users can change the text color of the header as per their preference.
Background Color - “Default Color is Blue” This setting is specifically only for header
background color. Users can change the background color of the header as per their preference.
“ON/OFF” Header “Text Box” “Info”
“Check Mark” - To show or hide the header that is “ON/OFF”.
“Header” - Heading of the table.
“Text Box” - Users can input as per their preference.
“Info” - Info symbol that shows short form and important note that is (Max 50 characteristics for all text boxes) .
Table Content
Text Color - “Default Color is White” This setting is specifically for table texts. And users can change the text color of the all content table texts as per their preference.
Background Color - “Default Color is black” This setting is specifically for content table texts background color. Users can change the background color of the header as per their preference.
“ON/OFF” R (1 - 10) “Text Box” T (1 - 10) “Text Box”
“Check Mark” - To show or hide the complete Row. Users have options and can change as per their preferences.
R (1-10) - “R” stands for Row and (1-10) is Number of rows available for users to enter text. Users have 10 different options.
“Text Box” - Place to enter text that users want to print on column 1 of the table.
T (1-10) - “T” stands for table and (1-10) is Number of text boxes available for users to enter text. Users have 10 different options.
“Text Box” - Place to enter text that users want to print on column 2 of the table.
Canuck Trading IndicatorOverview
The Canuck Trading Indicator is a versatile, overlay-based technical analysis tool designed to assist traders in identifying potential trading opportunities across various timeframes and market conditions. By combining multiple technical indicators—such as RSI, Bollinger Bands, EMAs, VWAP, MACD, Stochastic RSI, ADX, HMA, and candlestick patterns—the indicator provides clear visual signals for bullish and bearish entries, breakouts, long-term trends, and options strategies like cash-secured puts, straddles/strangles, iron condors, and short squeezes. It also incorporates 20-day and 200-day SMAs to detect Golden/Death Crosses and price positioning relative to these moving averages. A dynamic table displays key metrics, and customizable alerts help traders stay informed of market conditions.
Key Features
Multi-Timeframe Adaptability: Automatically adjusts parameters (e.g., ATR multiplier, ADX period, HMA length) based on the chart's timeframe (minute, hourly, daily, weekly, monthly) for optimal performance.
Comprehensive Signal Generation: Identifies short-term entries, breakouts, long-term bullish trends, and options strategies using a combination of momentum, trend, volatility, and candlestick patterns.
Candlestick Pattern Detection: Recognizes bullish/bearish engulfing, hammer, shooting star, doji, and strong candles for precise entry/exit signals.
Moving Average Analysis: Plots 20-day and 200-day SMAs, detects Golden/Death Crosses, and evaluates price position relative to these averages.
Dynamic Table: Displays real-time metrics, including zone status (bullish, bearish, neutral), RSI, MACD, Stochastic RSI, short/long-term trends, candlestick patterns, ADX, ROC, VWAP slope, and MA positioning.
Customizable Alerts: Over 20 alert conditions for entries, exits, overbought/oversold warnings, and MA crosses, with actionable messages including ticker, price, and suggested strategies.
Visual Clarity: Uses distinct shapes, colors, and sizes to plot signals (e.g., green triangles for bullish entries, red triangles for bearish entries) and overlays key levels like EMA, VWAP, Bollinger Bands, support/resistance, and HMA.
Options Strategy Signals: Suggests opportunities for selling cash-secured puts, straddles/strangles, iron condors, and capitalizing on short squeezes.
How to Use
Add to Chart: Apply the indicator to any TradingView chart by selecting "Canuck Trading Indicator" from the Pine Script library.
Interpret Signals:
Bullish Signals: Green triangles (short-term entry), lime diamonds (breakout), blue circles (long-term entry).
Bearish Signals: Red triangles (short-term entry), maroon diamonds (breakout).
Options Strategies: Purple squares (cash-secured puts), yellow circles (straddles/strangles), orange crosses (iron condors), white arrows (short squeezes).
Exits: X-cross shapes in corresponding colors indicate exit signals.
Monitor: Gray circles suggest holding cash or monitoring for setups.
Review Table: Check the top-right table for real-time metrics, including zone status, RSI, MACD, trends, and MA positioning.
Set Alerts: Configure alerts for specific signals (e.g., "Short-Term Bullish Entry" or "Golden Cross") to receive notifications via TradingView.
Adjust Inputs: Customize input parameters (e.g., RSI period, EMA length, ATR period) to suit your trading style or market conditions.
Input Parameters
The indicator offers a wide range of customizable inputs to fine-tune its behavior:
RSI Period (default: 14): Length for RSI calculation.
RSI Bullish Low/High (default: 35/70): RSI thresholds for bullish signals.
RSI Bearish High (default: 65): RSI threshold for bearish signals.
EMA Period (default: 15): Main EMA length (15 for day trading, 50 for swing).
Short/Long EMA Length (default: 3/20): For momentum oscillator.
T3 Smoothing Length (default: 5): Smooths momentum signals.
Long-Term EMA/RSI Length (default: 20/15): For long-term trend analysis.
Support/Resistance Lookback (default: 5): Periods for support/resistance levels.
MACD Fast/Slow/Signal (default: 12/26/9): MACD parameters.
Bollinger Bands Period/StdDev (default: 15/2): BB settings.
Stochastic RSI Period/Smoothing (default: 14/3/3): Stochastic RSI settings.
Uptrend/Short-Term/Long-Term Lookback (default: 2/2/5): Candles for trend detection.
ATR Period (default: 14): For volatility and price targets.
VWAP Sensitivity (default: 0.1%): Threshold for VWAP-based signals.
Volume Oscillator Period (default: 14): For volume surge detection.
Pattern Detection Threshold (default: 0.3%): Sensitivity for candlestick patterns.
ROC Period (default: 3): Rate of change for momentum.
VWAP Slope Period (default: 5): For VWAP trend analysis.
TradingView Publishing Compliance
Originality: The Canuck Trading Indicator is an original script, combining multiple technical indicators and custom logic to provide unique trading signals. It does not replicate existing public scripts.
No Guaranteed Profits: This indicator is a tool for technical analysis and does not guarantee profits. Trading involves risks, and users should conduct their own research and risk management.
Clear Instructions: The description and usage guide are detailed and accessible, ensuring users understand how to apply the indicator effectively.
No External Dependencies: The script uses only built-in Pine Script functions (e.g., ta.rsi, ta.ema, ta.vwap) and requires no external libraries or data sources.
Performance: The script is optimized for performance, using efficient calculations and adaptive parameters to minimize lag on various timeframes.
Visual Clarity: Signals are plotted with distinct shapes and colors, and the table provides a concise summary of market conditions, enhancing usability.
Limitations and Risks
Market Conditions: The indicator may generate false signals in choppy or low-liquidity markets. Always confirm signals with additional analysis.
Timeframe Sensitivity: Performance varies by timeframe; test settings on your preferred chart (e.g., 5-minute for day trading, daily for swing trading).
Risk Management: Use stop-losses and position sizing to manage risk, as suggested in alert messages (e.g., "Stop -20%").
Options Trading: Options strategies (e.g., straddles, iron condors) carry unique risks; consult a financial advisor before trading.
Feedback and Support
For questions, suggestions, or bug reports, please leave a comment on the TradingView script page or contact the author via TradingView. Your feedback helps improve the indicator for the community.
Disclaimer
The Canuck Trading Indicator is provided for educational and informational purposes only. It is not financial advice. Trading involves significant risks, and past performance is not indicative of future results. Always perform your own due diligence and consult a qualified financial advisor before making trading decisions.
RSI - ARIEIVhe RSI MAPPING - ARIEIV is a powerful technical indicator based on the Relative Strength Index (RSI) combined with moving averages and divergence detection. This indicator is designed to provide a clear view of overbought and oversold conditions, as well as identifying potential reversals and signals for market entries and exits.
Key Features:
Customizable RSI:
The indicator offers flexibility in adjusting the RSI length and data source (closing price, open price, etc.).
The overbought and oversold lines can be customized, allowing the RSI to signal critical market zones according to the trader’s strategy.
RSI-Based Moving Averages (MA):
Users can enable a moving average based on the RSI with support for multiple types such as SMA, EMA, WMA, VWMA, and SMMA (RMA).
For those who prefer Bollinger Bands, there’s an option to use the moving average with standard deviation to detect market volatility.
Divergence Detection:
Detects both regular and hidden divergences (bullish and bearish) between price and RSI, which can indicate potential market reversals.
These divergences can be customized with specific colors for easy identification on the chart, allowing traders to quickly spot significant market shifts.
Zone Mapping:
The script maps zones of buying and selling strength, filling the areas between the overbought and oversold levels with specific colors, highlighting when the market is in extreme conditions.
Strength Tables:
At the end of each session, a table appears on the right side of the chart, displaying the "Buying Strength" and "Selling Strength" based on calculated RSI levels. This allows for quick analysis of the dominant pressure in the market.
Flexible Settings:
Many customization options are available, from adjusting the number of decimal places to the choice of colors and the ability to toggle elements on or off within the chart.