Custom Spread Linesthis indicator is designed to mimic the spread of the price for the brokers.
by using this indicator you can see two parallel lines indication the price spread
Spread
4 diffs (CB & IBIT Premium)📊 Script Name: 4 diffs (CB & IBIT Premium)
Version: Pine Script® v6
Overlay: Yes (table displayed on chart)
🧠 What it Does:
This script tracks four important Bitcoin price differentials to monitor spot/perpetual/futures price inefficiencies and ETF premium/discounts, and displays them in a live table on the chart. It helps traders identify arbitrage opportunities or institutional pricing signals.
📈 Displayed Metrics:
Coinbase Premium
→ Difference between Coinbase spot and Binance spot prices.
→ Use case: US vs. offshore spot market divergence.
Coinbase Spot vs Binance Perpetual
→ Difference between Coinbase spot and Binance perpetual price.
→ Use case: Spot-perp basis, often used for funding rate insights or market stress.
Bybit vs Binance Perpetual
→ Difference between Bybit perp and Binance perp price.
→ Use case: Compare derivative pricing across major offshore exchanges.
IBIT Premium (CME vs ETF-implied)
→ Compares CME futures price vs. IBIT’s implied spot BTC value
→ IBIT implied BTC = IBIT ETF price ÷ (BTC held / shares outstanding)
→ Use case: Gauge institutional premium/discount and ETF arbitrage clues.
🛠️ Customization:
Text color of the table is adjustable via the input setting.
📌 Visual Output:
A fixed 2×4 table appears in the top-right corner of the chart.
Each row shows a label and the live price difference in USD.
MYX Future Market Watchlist Generator█ OVERVIEW
This indicator listed all Future market in Malaysia and categorize them into Contract Month, Spread, Current Contract and Continuous Contract.
The indicator was developed to make user easier to make watchlist, suitable for beginners and experts in Malaysia Future Market.
This cover all Malaysia Future Markets as follows :
1. Commodity - FCPO, FPKO, FGLD, FTIN, FPOL and FUPO
2. Equity - FKLI and FM70
3. SSF - FCIM, FDRB, FGAM, FHAR, FINA, FMEG, FGEM, FGEN, FTEL and FTOP
4. Financial - FKB3, FMG3, FMG5 and FMGA
█ INSPIRATIONS
This indicator got inspirations from the previous indicators which I developed :
MYX Malaysia Bursa Futures Derivatives Auto Detect
FCPO Contract Month Table
█ CREDITS
I dedicated to known members in this industry especially who actively involved in Malaysia Future Market.
BURSATRENDBANDCHART
zhafrihandsome
XMODEUS
HAIDOJO_trading
datuksri
wrtech2020
FaizHebat
█ FEATURES
1. As mentioned in overview, main ability to categorize and export into watchlist.
2. Dark or light theme table including table position.
█ IMPORTANT NOTES
1. This indicator is one time usage only to generate watchlist through alert.
2. Use live chart to generate alert.
3. Set Alert Frequency to All.
4. Remove Alert once watchlist is done.
5. Usage method is similar to this video . (Sorry no audio provided)
█ EXAMPLE OF USAGE
Spreader – Real-Time Spread Detector for ScalpingSpreader is a professional tool built for scalpers and intraday traders, designed to visually display live bid-ask spread on your chart. By showing you the true market friction in real time, it helps you avoid poor entries and reduce immediate trade losses.
Volumetric Tensegrity🧮 Volumetric Tensegrity unifies two of the Leading Indicator suite's critical engines — ZVOL ( volume anomaly detection ) and OBVX ( directional conviction ). Originally designed as a structural economizer for traders navigating strict indicator limits (e.g. < 10 slots per chart), it was forced to evolve beyond that constraint simply to fulfill it, albeit with a difference. The fatal flaw of traditional fusion, where two metrics are blended mathematically, is that they lose scale integrity (i.e. meaning). VTense encodes optical tensegrity to scale the amplitude of the ZVOL histogram and the slope of the OBVX spread independently, so that expansion and direction may coexist without either dominating the frame.
🧬 Tensegrity , by definition, is an intelligent design principle where elements in compression are suspended within a network of continuous tension, forming a stable, self-supporting structure . Originally conceived in esoteric biomorphology (c.f. Da Vinci, Snelson, Casteneda), tensegrity balances force through opposition, not rigidity. Applied to financial markets, Volumetric Tensegrity captures this same principle: price compresses, volume expands, conviction builds or fades — yet structure holds through the interplay. The result is not a prediction engine, but a pressure field — one that visualizes where structure might bend, break, or rebound based on how volume breathes.
🗜️ Rather than layering multiple indicators and consuming precious chart space, VTense frees up room for complementary overlays like momentum mapping, liquidity tiers, or volatility phase detection — making it ideal for modular traders operating in tight technical real estate.
🧠 Core Logic - VTense separates and preserves two essential structural forces:
• ZVOL Histogram : A Z-score-based expansion map that measures current volume deviation from its historical average. It reveals buildup zones, dormant stretches, and breakout pressure — regardless of price behavior.
• OBVX Spread : A directional conviction curve that tracks the difference between On-Balance Volume and its volume-weighted fast trend. It shows whether the crowd is leaning in (accumulation/distribution) or backing off.
🔊 ZVOL controls the amplitude of the histogram, while OBVX controls the curvature and slope of the spread. Without sacrificing breathing behavior or analytical depth, VTense provides a compact yet dynamic lens to track both expansion pressure and directional bias within a single footprint.
🌊 Volumetric Tensegrity forecasts breakout readiness, trend fatigue, and compression zones by measuring the volatility within volume . Unlike traditional tools that track volatility of price, this indicator reveals when effort becomes unstable — signaling inflection points before price reacts. Designed to decode rhythm shifts at the volume level, it operates as a pre-ignition scanner that thrives on low-timeframe charts (15m and under) while scaling effectively to 1H for validation.
🪖 From Generals to Scouts
👀 When used jointly, ZVOL + OBVX act as the general : deep-field analysts confirming stress, commitment, or exhaustion. VTense , by contrast, functions as a scout — capturing subtle buildup and alignment before structure fully reveals itself. The indicator aims to be a literal vanguard, establishing a position that can be confirmed or flexibly abandoned when the higher authority arrives to evaluate.
🥂 Use the ZVOL + OBVX pair when :
• You need independent axis control and manual dissection
• You’re building long-form confluence setups
• You have more indicator slots than you need
🔎 Use VTense when :
• You need compact clarity across multiple instruments
• You’re prioritizing confluence _detection_ over granular separation
• You’re building efficient multi-layered systems under slot constraints
🏗️ Structural Behavior and Interpretation
🫁 Z VOL Respiration Histogram : Structural Effort vs Baseline
🔵 Compression Coil – volume volatility is low and stable; the market is coiling
🟢 Steady Rhythm – volume is healthy but unremarkable; balanced participation
🟡 Passive/Absorbed Effort – expansion failing to manifest; watch for reversal
🟠 Clean Expansion – actionable volatility rise backed by structure
🔴 Volatile Blowout – chaos, climax; likely end-phase or fakeout
⚖️ ZVOL Respiration measures how hard the crowd is pressing — not just that volume is rising, but how statistically abnormal the surge is. Because it is rescaled proportionally to OBVX, the amplitude of the histogram reflects structural urgency without overwhelming the visual field.
🖐️ OBVX Spread : Real-Time Directional Conviction Behind Price Moves
🔑 The curvature of the spread reveals not just directional bias but crowd temp o: sharp slopes = urgent transitions; gradual slopes = building structural shifts. Curvature is key: sharp OBVX slope = urgency; gentle arcs = controlled drift or indecision.
• Green Rising : Accumulation — upward pressure from real buyers
• Red Falling : Distribution — sell pressure, downward slope
• Flat Curves : Transitional → uncertainty, microstructure digestion
🎭 Synchronized vs Divergent Behavior
⏱️ Synchronized (high-confluence) : often precedes structural breakouts, with internal conviction clearly visible before price resolves.
• ZVOL expands (yellow/orange/red) and OBVX climbs steeply green = strong bullish pressure
• ZVOL expands while OBVX steepens red = growing sell-side intent
🪤 Divergent (conflict tension) : flags potential traps, fakeouts, and liquidity sweeps.
• ZVOL expands sharply, but OBVX flattens or opposes → reactive expansion without crowd commitment
⛔️ Latent Drift + Structural Holding Patterns : tensegrity in action — the market holds tension without directional release.
• ZVOL compresses (blue) + OBVX meanders near zero → structure is resting, building up energy
• After prolonged drift, expect violent asymmetry when balance finally breaks
📚 Phase Interpretation: Dynamic Structural Read
• 1️⃣ Quiet Coil : Histogram flat, OBVX flat → no urgency
• 2️⃣ Initial Pulse : Yellow bars, OBVX slope builds → actionable tension
• 3️⃣ Structural Breath : Synchronized expansion and slope → directional commitment
• 4️⃣ Disagreement : Spike in ZVOL, flattening OBVX → exhaustion risk or false signal
💡 Suggested Use
• Run on 15m charts for breakout anticipation and 1H for validation
• Pair with ZVOL + OBVX to confirm crowd conviction behind the tension phase
• Use as a rhythm filter for the suite's trend indicators (e.g., RDI , SUPeR TReND 2.718 , et. al.)
• Ideal during low-volume regimes to detect pressure buildup before triggers
🧏🏻 Volumetric Tensegrity doesn’t signal. It breathes , and listens to pressure shifts before they speak in price. As a scout, it lets you see structural posture before signals align — helping you front-run resolution with clarity, not prediction.
OverUnder Yield Spread🗺️ OverUnder is a structural regime visualizer , engineered to diagnose the shape, tone, and trajectory of the yield curve. Rather than signaling trades directly, it informs traders of the world they’re operating in. Yield curve steepening or flattening, normalizing or inverting — each regime reflects a macro pressure zone that impacts duration demand, liquidity conditions, and systemic risk appetite. OverUnder abstracts that complexity into a color-coded compression map, helping traders orient themselves before making risk decisions. Whether you’re in bonds, currencies, crypto, or equities, the regime matters — and OverUnder makes it visible.
🧠 Core Logic
Built to show the slope and intent of a selected rate pair, the OverUnder Yield Spread defaults to 🇺🇸US10Y-US2Y, but can just as easily compare global sovereign curves or even dislocated monetary systems. This value is continuously monitored and passed through a debounce filter to determine whether the curve is:
• Inverted, or
• Steepening
If the curve is flattening below zero: the world is bracing for contraction. Policy lags. Risk appetite deteriorates. Duration gets bid, but only as protection. Stocks and speculative assets suffer, regardless of positioning.
📍 Curve Regimes in Bull and Bear Contexts
• Flattening occurs when the short and long ends compress . In a bull regime, flattening may reflect long-end demand or fading growth expectations. In a bear regime, flattening often precedes or confirms central bank tightening.
• Steepening indicates expanding spread . In a bull context, this may signal healthy risk appetite or early expansion. In a bear or crisis context, it may reflect aggressive front-end cuts and dislocation between short- and long-term expectations.
• If the curve is steepening above zero: the world is rotating into early expansion. Risk assets behave constructively. Bond traders position for normalization. Equities and crypto begin trending higher on rising forward expectations.
🖐️ Dynamically Colored Spread Line Reflects 1 of 4 Regime States
• 🟢 Normal / Steepening — early expansion or reflation
• 🔵 Normal / Flattening — late-cycle or neutral slowdown
• 🟠 Inverted / Steepening — policy reversal or soft landing attempt
• 🔴 Inverted / Flattening — hard contraction, credit stress, policy lag
🍋 The Lemon Label
At every bar, an anchored label floats directly on the spread line. It displays the active regime (in plain English) and the precise spread in percent (or basis points, depending on resolution). Colored lemon yellow, neither green nor red, the label is always legible — a design choice to de-emphasize bias and center the data .
🎨 Fill Zones
These bands offer spatial, persistent views of macro compression or inversion depth.
• Blue fill appears above the zero line in normal (non-inverted) conditions
• Red fill appears below the zero line during inversion
🧪 Sample Reading: 1W chart of TLT
OverUnder reveals a multi-year arc of structural inversion and regime transition. From mid-2021 through late 2023, the spread remains decisively inverted, signaling persistent flattening and credit stress as bond prices trended sharply lower. This prolonged inversion aligns with a high-volatility phase in TLT, marked by lower highs and an accelerating downtrend, confirming policy lag and macro tightening conditions.
As of early 2025, the spread has crossed back above the zero baseline into a “Normal / Steepening” regime (annotated at +0.56%), suggesting a macro inflection point. Price action remains subdued, but the shift in yield structure may foreshadow a change in trend context — particularly if follow-through in steepening persists.
🎭 Different Traders Respond Differently:
• Bond traders monitor slope change to anticipate policy pivots or recession signals.
• Equity traders use regime shifts to time rotations, from growth into defense, or from contraction into reflation.
• Currency traders interpret curve steepening as yield compression or divergence depending on region.
• Crypto traders treat inversion as a liquidity vacuum — and steepening as an early-phase risk unlock.
🛡️ Can It Compare Different Bond Markets?
Yes — with caveats. The indicator can be used to compare distinct sovereign yield instruments, for example:
• 🇫🇷FR10Y vs 🇩🇪DE10Y - France vs Germany
• 🇯🇵JP10Y vs 🇺🇸US10Y - BoJ vs Fed policy curves
However:
🙈 This no longer visualizes the domestic yield curve, but rather the differential between rate expectations across regions
🙉 The interpretation of “inversion” changes — it reflects spread compression across nations , not within a domestic yield structure
🙊 Color regimes should then be viewed as relative rate positioning , not absolute curve health
🙋🏻 Example: OverUnder compares French vs German 10Y yields
1. 🇫🇷 Change the long-duration ticker to FR10Y
2. 🇩🇪 Set the short-duration ticker to DE10Y
3. 🤔 Interpret the result as: “How much higher is France’s long-term borrowing cost vs Germany’s?”
You’ll see steepening when the spread rises (France decoupling), flattening when the spread compresses (convergence), and inversions when Germany yields rise above France’s — historically rare and meaningful.
🧐 Suggested Use
OverUnder is not a signal engine — it’s a context map. Its value comes from situating any trade idea within the prevailing yield regime. Use it before entries, not after them.
• On the 1W timeframe, OverUnder excels as a macro overlay. Yield regime shifts unfold over quarters, not days. Weekly structure smooths out rate volatility and reveals the true curvature of policy response and liquidity pressure. Use this view to orient your portfolio, define directional bias, or confirm long-duration trend turns in assets like TLT, SPX, or BTC.
• On the 1D timeframe, the indicator becomes tactically useful — especially when aligning breakout setups or trend continuations with steepening or flattening transitions. Daily views can also identify early-stage regime cracks that may not yet be visible on the weekly.
• Avoid sub-daily use unless you’re anchoring a thesis already built on higher timeframe structure. The yield curve is a macro construct — it doesn’t oscillate cleanly at intraday speeds. Shorter views may offer clarity during event-driven spikes (like FOMC reactions), but they do not replace weekly context.
Ultimately, OverUnder helps you decide: What kind of world am I trading in? Use it to confirm macro context, avoid fighting the curve, and lean into trades aligned with the broader pressure regime.
Spot - Fut spread v2"Spot - Fut Spread v2"
indicator is designed to track the difference between spot and futures prices on various exchanges. It automatically identifies the corresponding instrument (spot or futures) based on the current symbol and calculates the spread between the prices. This tool is useful for analyzing the delta between spot and futures markets, helping traders assess arbitrage opportunities and market sentiment.
Key Features:
- Automatic detection of spot and futures assets based on the current chart symbol.
- Flexible asset selection: the ability to manually choose the second asset if automatic selection is disabled.
- Spread calculation between futures and spot prices.
- Moving average of the spread for smoothing data and trend analysis.
Flexible visualization:
- Color indication of positive and negative spread.
- Adjustable background transparency.
- Text label displaying the current spread and moving average values.
- Error alerts in case of invalid data.
How the Indicator Works:
- Determines whether the current symbol is a futures contract.
- Based on this, selects the corresponding spot or futures symbol.
- Retrieves price data and calculates the spread between them.
- Displays the spread value and its moving average.
- The chart background color changes based on the spread value (positive or negative).
- In case of an error, the indicator provides an alert with an explanation.
Customization Parameters:
-Exchange selection: the ability to specify a particular exchange from the list.
- Automatic pair selection: enable or disable automatic selection of the second asset.
- Moving average period: user-defined.
- Colors for positive and negative spread values.
- Moving average color.
- Background transparency.
- Background coloring source (based on spread or its moving average).
Application:
The indicator is suitable for traders who analyze the difference between spot and futures prices, look for arbitrage opportunities, and assess the premium or discount of futures relative to the spot market.
Enhanced Spread MonitorThis indicator helps you monitor market spreads and identify potential trading opportunities by analyzing spread behavior, market liquidity, and volatility across multiple exchanges. It's particularly useful for crypto traders looking for market inefficiencies or arbitrage opportunities.
Visuals:
-Blue Line: The real-time spread, enhanced by market conditions
-Orange Line: A smoothed threshold that helps identify unusual spread levels
-Red Background: Appears when the spread exceeds the threshold, signaling a potential opportunity
Key Features:
Multi-Exchange Monitoring
-Can track up to 3 different exchanges/markets
-Option to view individual or aggregated spreads
-Useful for spotting arbitrage opportunities between venues
Enhanced Spread Detection
-Automatically amplifies the spread when liquidity is low
-Increases sensitivity during volatile periods
-Helps identify true trading costs beyond the simple bid-ask spread
How to Configure:
Symbol Settings
-Choose up to three markets to monitor
-Enable "Aggregate Multiple Symbols" to see a volume-weighted combined view
Market Impact Factor (Depth Settings)
-Default: 0.5
-Higher values (>1.0): More sensitive to low liquidity
-Lower values (<0.5): More conservative spread estimation
Volatility Settings
-Short-term Volatility: React to immediate market changes
-Long-term Volatility: Establish baseline market behavior
-Recommended: Keep long-term 3-5x larger than short-term
Threshold Settings
-Historical Lookback: How much history to consider (500 bars recommended)
-Threshold Smoothing: Stability of the threshold line (14 default)
-Std Dev Multiplier: How extreme spreads need to be for signals (2.0 default)
Trading Application:
-Watch for red background highlighting - these are potential opportunities
Consider trading when:
-Spread exceeds threshold significantly
-Multiple exchanges show similar patterns
-Market conditions suggest the spread is due to real inefficiencies
Be cautious when:
-High volatility is the main driver of spread increases
-Only one exchange shows unusual spread behavior
-Market depth is very low (might be hard to execute)
Risk Management:
-Large spreads during low liquidity might indicate difficult trading conditions
-Verify actual executable prices before trading
-Consider exchange fees and withdrawal costs for arbitrage
Candle Spread
Candle Spread is an indicator that helps traders measure the range of price movement within each candle over a specified time period. It calculates the range of the candle between the High and Low (High - Low) and displays it in a separate window below the chart as columns.
Key Features:
Colored Bars: The bars are colored based on the candle's direction:
Bullish Candle: Bars are Green.
Bearish Candle: Bars are Red.
Moving Average: The indicator includes a 30-period Simple Moving Average (SMA), which represents the overall average range of the candles.
Helps Identify Market Volatility: This indicator helps traders identify wide-range candles (signaling high volatility in the market), which could indicate a surge in momentum or potential trend reversals.
Yield Curve InversionThe Yield Curve Inversion indicator is a tool designed to help traders and analysts visualize and interpret the dynamics between the US 10-year and 2-year Treasury yields. This indicator is particularly useful for identifying yield curve inversions, often seen as a precursor to economic recessions.
Features and Interpretations
Display Modes: Choose between "Spread Mode" to visualize the yield spread indicating normal (green) or inverted (red) curves, or "Both Yields Mode" to view both yields.
Yield Spread: A plotted difference between 10-year and 2-year yields, with a zero line marking inversion. A negative spread suggests potential economic downturns.
Color Coding: Green for a normal yield curve (10Y > 2Y) and red for an inverted curve (2Y > 10Y).
Legend: Provides quick reference to yield curve states for easier interpretation.
This indicator is for educational and informational purposes only. It should not be considered financial advice or a recommendation to buy or sell any financial instruments. Users should conduct their own research and consult with a financial advisor before making investment decisions. The creator of this indicator is not responsible for any financial losses incurred through its use.
Yield Spread (10Y - 2Y)Yield Spread
The green line shows the difference between the 10-Year and 2-Year yields.
Positive Spread: When the green line is above zero, the 10-Year yield is higher than the 2-Year yield. This is normal and indicates an upward-sloping (normal) yield curve, which typically suggests a healthy economy with expectations of future growth.
Flattening Curve: If the green line approaches zero, the yield curve is flattening, indicating that investors are uncertain about future economic growth. They are demanding similar yields for both short and long-term bonds.
Negative Spread (Inverted Yield Curve): If the green line goes below zero, this means the 2-Year yield is higher than the 10-Year yield, creating an inverted yield curve. An inverted curve is often seen as a predictor of a recession, as it indicates that investors expect weaker economic conditions in the future.
Short Explanation of the Chart layout:
This chart tracks U.S. Treasury yields for 2-year (blue), 10-year (white), and 30-year (orange) bonds, along with the yield spread (green) between the 10-year and 2-year bonds. A positive spread suggests a normal yield curve and economic growth, while a negative spread (inversion) often signals a potential recession.
Auto Volume Spread Analysis (VSA) [TANHEF]Auto Volume Spread Analysis (visible volume and spread bars auto-scaled): Understanding Market Intentions through the Interpretation of Volume and Price Movements.
All the sections below contain the same descriptions as my other indicator "Volume Spread Analysis" with the exception of 'Auto Scaling'.
█ Auto-Scaling
This indicator auto-scales spread bars to match the visible volume bars, unlike the previous "Volume Spread Analysis " version which limited the number of visible spread bars to a fixed count. The auto-scaling feature allows for easier navigation through historical data, enabling both more historical spread bars to be viewed and more historical VSA pattern labels being displayed without requiring using the bar replay tool. Please note that this indicator’s auto-scaling feature recalculates the visible bars on the chart, causing the indicator to reload whenever the chart is moved.
Auto-scaled spread bars have two display options (set via 'Spread Bars Method' setting):
Lines: a bar lookback limit of 500 bars.
Polylines: no bar lookback limit as only plotted on visible bars on chart, which uses multiple polylines are used.
█ Simple Explanation:
The Volume Spread Analysis (VSA) indicator is a comprehensive tool that helps traders identify key market patterns and trends based on volume and spread data. This indicator highlights significant VSA patterns and provides insights into market behavior through color-coded volume/spread bars and identification of bars indicating strength, weakness, and neutrality between buyers and sellers. It also includes powerful volume and spread forecasting capabilities.
█ Laws of Volume Spread Analysis (VSA):
The origin of VSA begins with Richard Wyckoff, a pivotal figure in its development. Wyckoff made significant contributions to trading theory, including the formulation of three basic laws:
The Law of Supply and Demand: This fundamental law states that supply and demand balance each other over time. High demand and low supply lead to rising prices until demand falls to a level where supply can meet it. Conversely, low demand and high supply cause prices to fall until demand increases enough to absorb the excess supply.
The Law of Cause and Effect: This law assumes that a 'cause' will result in an 'effect' proportional to the 'cause'. A strong 'cause' will lead to a strong trend (effect), while a weak 'cause' will lead to a weak trend.
The Law of Effort vs. Result: This law asserts that the result should reflect the effort exerted. In trading terms, a large volume should result in a significant price move (spread). If the spread is small, the volume should also be small. Any deviation from this pattern is considered an anomaly.
█ Volume and Spread Analysis Bars:
Display: Volume and spread bars that consist of color coded levels, with the spread bars scaled to match the volume bars. A displayable table (Legend) of bar colors and levels can give context and clarify to each volume/spread bar.
Calculation: Levels are calculated using multipliers applied to moving averages to represent key levels based on historical data: low, normal, high, ultra. This method smooths out short-term fluctuations and focuses on longer-term trends.
Low Level: Indicates reduced volatility and market interest.
Normal Level: Reflects typical market activity and volatility.
High Level: Indicates increased activity and volatility.
Ultra Level: Identifies extreme levels of activity and volatility.
This illustrates the appearance of Volume and Spread bars when scaled and plotted together:
█ Forecasting Capabilities:
Display: Forecasted volume and spread levels using predictive models.
Calculation: Volume and Spread prediction calculations differ as volume is linear and spread is non-linear.
Volume Forecast (Linear Forecasting): Predicts future volume based on current volume rate and bar time till close.
Spread Forecast (Non-Linear Dynamic Forecasting): Predicts future spread using a dynamic multiplier, less near midpoint (consolidation) and more near low or high (trending), reflecting non-linear expansion.
Moving Averages: In forecasting, moving averages utilize forecasted levels instead of actual levels to ensure the correct level is forecasted (low, normal, high, or ultra).
The following compares forecasted volume with actual resulting volume, highlighting the power of early identifying increased volume through forecasted levels:
█ VSA Patterns:
Criteria and descriptions for each VSA pattern are available as tooltips beside them within the indicator’s settings. These tooltips provide explanations of potential developments based on the volume and spread data.
Signs of Strength (🟢): Patterns indicating strong buying pressure and potential market upturns.
Down Thrust
Selling Climax
No Effort ➤ Bearish Result
Bearish Effort ➤ No Result
Inverse Down Thrust
Failed Selling Climax
Bull Outside Reversal
End of Falling Market (Bag Holder)
Pseudo Down Thrust
No Supply
Signs of Weakness (🔴): Patterns indicating strong selling pressure and potential market downturns.
Up Thrust
Buying Climax
No Effort ➤ Bullish Result
Bullish Effort ➤ No Result
Inverse Up Thrust
Failed Buying Climax
Bear Outside Reversal
End of Rising Market (Bag Seller)
Pseudo Up Thrust
No Demand
Neutral Patterns (🔵): Patterns indicating market indecision and potential for continuation or reversal.
Quiet Doji
Balanced Doji
Strong Doji
Quiet Spinning Top
Balanced Spinning Top
Strong Spinning Top
Quiet High Wave
Balanced High Wave
Strong High Wave
Consolidation
Bar Patterns (🟡): Common candlestick patterns that offer insights into market sentiment. These are required in some VSA patterns and can also be displayed independently.
Bull Pin Bar
Bear Pin Bar
Doji
Spinning Top
High Wave
Consolidation
This demonstrates the acronym and descriptive options for displaying bar patterns, with the ability to hover over text to reveal the descriptive text along with what type of pattern:
█ Alerts:
VSA Pattern Alerts: Notifications for identified VSA patterns at bar close.
Volume and Spread Alerts: Alerts for confirmed and forecasted volume/spread levels (Low, High, Ultra).
Forecasted Volume and Spread Alerts: Alerts for forecasted volume/spread levels (High, Ultra) include a minimum percent time elapsed input to reduce false early signals by ensuring sufficient bar time has passed.
█ Inputs and Settings:
Indicator Bar Color: Select color schemes for bars (Normal, Detail, Levels).
Indicator Moving Average Color: Select schemes for bars (Fill, Lines, None).
Price Bar Colors: Options to color price bars based on VSA patterns and volume levels.
Legend: Display a table of bar colors and levels for context and clarity of volume/spread bars.
Forecast: Configure forecast display and prediction details for volume and spread.
Average Multipliers: Define multipliers for different levels (Low, High, Ultra) to refine the analysis.
Moving Average: Set volume and spread moving average settings.
VSA: Select the VSA patterns to be calculated and displayed (Strength, Weakness, Neutral).
Bar Patterns: Criteria for bar patterns used in VSA (Doji, Bull Pin Bar, Bear Pin Bar, Spinning Top, Consolidation, High Wave).
Colors: Set exact colors used for indicator bars, indicator moving averages, and price bars.
More Display Options: Specify how VSA pattern text is displayed (Acronym, Descriptive), positioning, and sizes.
Alerts: Configure alerts for VSA patterns, volume, and spread levels, including forecasted levels.
█ Usage:
The Volume Spread Analysis indicator is a helpful tool for leveraging volume spread analysis to make informed trading decisions. It offers comprehensive visual and textual cues on the chart, making it easier to identify market conditions, potential reversals, and continuations. Whether analyzing historical data or forecasting future trends, this indicator provides insights into the underlying factors driving market movements.
Volume Spread Analysis [TANHEF]Volume Spread Analysis: Understanding Market Intentions through the Interpretation of Volume and Price Movements.
█ Simple Explanation:
The Volume Spread Analysis (VSA) indicator is a comprehensive tool that helps traders identify key market patterns and trends based on volume and spread data. This indicator highlights significant VSA patterns and provides insights into market behavior through color-coded volume/spread bars and identification of bars indicating strength, weakness, and neutrality between buyers and sellers. It also includes powerful volume and spread forecasting capabilities.
█ Laws of Volume Spread Analysis (VSA):
The origin of VSA begins with Richard Wyckoff, a pivotal figure in its development. Wyckoff made significant contributions to trading theory, including the formulation of three basic laws:
The Law of Supply and Demand: This fundamental law states that supply and demand balance each other over time. High demand and low supply lead to rising prices until demand falls to a level where supply can meet it. Conversely, low demand and high supply cause prices to fall until demand increases enough to absorb the excess supply.
The Law of Cause and Effect: This law assumes that a 'cause' will result in an 'effect' proportional to the 'cause'. A strong 'cause' will lead to a strong trend (effect), while a weak 'cause' will lead to a weak trend.
The Law of Effort vs. Result: This law asserts that the result should reflect the effort exerted. In trading terms, a large volume should result in a significant price move (spread). If the spread is small, the volume should also be small. Any deviation from this pattern is considered an anomaly.
█ Volume and Spread Analysis Bars:
Display: Volume and/or spread bars that consist of color coded levels. If both of these are displayed, the number of spread bars can be limited for visual appeal and understanding, with the spread bars scaled to match the volume bars. While automatic calculation of the number of visual bars for auto scaling is possible, it is avoided to prevent the indicator from reloading whenever the number of visual price bars on the chart is adjusted, ensuring uninterrupted analysis. A displayable table (Legend) of bar colors and levels can give context and clarify to each volume/spread bar.
Calculation: Levels are calculated using multipliers applied to moving averages to represent key levels based on historical data: low, normal, high, ultra. This method smooths out short-term fluctuations and focuses on longer-term trends.
Low Level: Indicates reduced volatility and market interest.
Normal Level: Reflects typical market activity and volatility.
High Level: Indicates increased activity and volatility.
Ultra Level: Identifies extreme levels of activity and volatility.
This illustrates the appearance of Volume and Spread bars when scaled and plotted together:
█ Forecasting Capabilities:
Display: Forecasted volume and spread levels using predictive models.
Calculation: Volume and Spread prediction calculations differ as volume is linear and spread is non-linear.
Volume Forecast (Linear Forecasting): Predicts future volume based on current volume rate and bar time till close.
Spread Forecast (Non-Linear Dynamic Forecasting): Predicts future spread using a dynamic multiplier, less near midpoint (consolidation) and more near low or high (trending), reflecting non-linear expansion.
Moving Averages: In forecasting, moving averages utilize forecasted levels instead of actual levels to ensure the correct level is forecasted (low, normal, high, or ultra).
The following compares forecasted volume with actual resulting volume, highlighting the power of early identifying increased volume through forecasted levels:
█ VSA Patterns:
Criteria and descriptions for each VSA pattern are available as tooltips beside them within the indicator’s settings. These tooltips provide explanations of potential developments based on the volume and spread data.
Signs of Strength (🟢): Patterns indicating strong buying pressure and potential market upturns.
Down Thrust
Selling Climax
No Effort → Bearish Result
Bearish Effort → No Result
Inverse Down Thrust
Failed Selling Climax
Bull Outside Reversal
End of Falling Market (Bag Holder)
Pseudo Down Thrust
No Supply
Signs of Weakness (🔴): Patterns indicating strong selling pressure and potential market downturns.
Up Thrust
Buying Climax
No Effort → Bullish Result
Bullish Effort → No Result
Inverse Up Thrust
Failed Buying Climax
Bear Outside Reversal
End of Rising Market (Bag Seller)
Pseudo Up Thrust
No Demand
Neutral Patterns (🔵): Patterns indicating market indecision and potential for continuation or reversal.
Quiet Doji
Balanced Doji
Strong Doji
Quiet Spinning Top
Balanced Spinning Top
Strong Spinning Top
Quiet High Wave
Balanced High Wave
Strong High Wave
Consolidation
Bar Patterns (🟡): Common candlestick patterns that offer insights into market sentiment. These are required in some VSA patterns and can also be displayed independently.
Bull Pin Bar
Bear Pin Bar
Doji
Spinning Top
High Wave
Consolidation
This demonstrates the acronym and descriptive options for displaying bar patterns, with the ability to hover over text to reveal the descriptive text along with what type of pattern:
█ Alerts:
VSA Pattern Alerts: Notifications for identified VSA patterns at bar close.
Volume and Spread Alerts: Alerts for confirmed and forecasted volume/spread levels (Low, High, Ultra).
Forecasted Volume and Spread Alerts: Alerts for forecasted volume/spread levels (High, Ultra) include a minimum percent time elapsed input to reduce false early signals by ensuring sufficient bar time has passed.
█ Inputs and Settings:
Display Volume and/or Spread: Choose between displaying volume bars, spread bars, or both with different lookback periods.
Indicator Bar Color: Select color schemes for bars (Normal, Detail, Levels).
Indicator Moving Average Color: Select schemes for bars (Fill, Lines, None).
Price Bar Colors: Options to color price bars based on VSA patterns and volume levels.
Legend: Display a table of bar colors and levels for context and clarity of volume/spread bars.
Forecast: Configure forecast display and prediction details for volume and spread.
Average Multipliers: Define multipliers for different levels (Low, High, Ultra) to refine the analysis.
Moving Average: Set volume and spread moving average settings.
VSA: Select the VSA patterns to be calculated and displayed (Strength, Weakness, Neutral).
Bar Patterns: Criteria for bar patterns used in VSA (Doji, Bull Pin Bar, Bear Pin Bar, Spinning Top, Consolidation, High Wave).
Colors: Set exact colors used for indicator bars, indicator moving averages, and price bars.
More Display Options: Specify how VSA pattern text is displayed (Acronym, Descriptive), positioning, and sizes.
Alerts: Configure alerts for VSA patterns, volume, and spread levels, including forecasted levels.
█ Usage:
The Volume Spread Analysis indicator is a helpful tool for leveraging volume spread analysis to make informed trading decisions. It offers comprehensive visual and textual cues on the chart, making it easier to identify market conditions, potential reversals, and continuations. Whether analyzing historical data or forecasting future trends, this indicator provides insights into the underlying factors driving market movements.
Fourier Smoothed Hybrid Volume Spread AnalysisIndicator id:
USER;91bdff47320b4284a375f428f683b21e
(only relevant to those that use API requests)
MEANINGFUL DESCRIPTION:
The Fourier Smoothed Hybrid Volume Spread Analysis (FSHVSA) indicator is an innovative trading tool designed to fuse volume analysis with trend detection capabilities, offering traders a comprehensive view of market dynamics.
This indicator stands apart by integrating the principles of the Discrete Fourier Transform (DFT) and volume spread analysis, enhanced with a layer of Fourier smoothing to distill market noise and highlight trend directions with unprecedented clarity.
This smoothing process allows traders to discern the true underlying patterns in volume and price action, stripped of the distractions of short-term fluctuations and noise.
The core functionality of the FSHVSA revolves around the innovative combination of volume change analysis, spread determination (calculated from the open and close price difference), and the strategic use of the EMA (default 10) to fine-tune the analysis of spread by incorporating volume changes.
Trend direction is validated through a moving average (MA) of the histogram, which acts analogously to the Volume MA found in traditional volume indicators. This MA serves as a pivotal reference point, enabling traders to confidently engage with the market when the histogram's movement concurs with the trend direction, particularly when it crosses the Trend MA line, signalling optimal entry points.
It returns 0 when MA of the histogram and EMA of the Price Spread are not align.
HOW TO USE THE INDICATOR:
The FSHVSA plots a positive trend when a positive Volume smoothed Spread and EMA of Volume smoothed price is above 0, and a negative when negative Volume smoothed Spread and EMA of Volume smoothed price is below 0. When this conditions are not met it plots 0.
ORIGINALITY & USEFULNESS:
The FSHVSA is unique because it applies DFT for data smoothing, effectively filtering out the minor fluctuations and leaving traders with a clear picture of the market's true movements. The DFT's ability to break down market signals into constituent frequencies offers a granular view of market dynamics, highlighting the amplitude and phase of each frequency component. This, combined with the strategic application of Ehler's Universal Oscillator principles via a histogram, furnishes traders with a nuanced understanding of market volatility and noise levels, thereby facilitating more informed trading decisions.
DETAILED DESCRIPTION:
My detailed description of the indicator and use cases which I find very valuable.
What is the meaning of price spread?
In finance, a spread refers to the difference between two prices, rates, or yields. One of the most common types is the bid-ask spread, which refers to the gap between the bid (from buyers) and the ask (from sellers) prices of a security or asset.
We are going to use Open-Close spread.
What is Volume spread analysis?
Volume spread analysis (VSA) is a method of technical analysis that compares the volume per candle, range spread, and closing price to determine price direction.
What does this mean?
We need to have a positive Volume Price Spread and a positive Moving average of Volume price spread for a positive trend. OR via versa a negative Volume Price Spread and a negative Moving average of Volume price spread for a negative trend.
What if we have a positive Volume Price Spread and a negative Moving average of Volume Price Spread ?
It results in a neutral, not trending price action.
Thus the indicator returns 0.
In the next Image you can see that trend is negative on 4h, neutral on 12h and neutral on 1D. That means trend is negative .
I am sorry, the chart is a bit messy. The idea is to use the indicator over more than 1 Timeframe.
What is approximation and smoothing?
They are mathematical concepts for making a discrete set of numbers a
continuous curved line.
Fourier and Euler approximation of a spread are taken from aprox library.
Key Features:
Noise Reduction leverages Euler's White noise capabilities for effective Volume smoothing, providing a cleaner and more accurate representation of market dynamics.
Choose between the innovative Double Discrete Fourier Transform (DTF32) and Regular Open & Close price series.
Mathematical equations presented in Pinescript:
Fourier of the real (x axis) discrete:
x_0 = array.get(x, 0) + array.get(x, 1) + array.get(x, 2)
x_1 = array.get(x, 0) + array.get(x, 1) * math.cos( -2 * math.pi * _dir / 3 ) - array.get(y, 1) * math.sin( -2 * math.pi * _dir / 3 ) + array.get(x, 2) * math.cos( -4 * math.pi * _dir / 3 ) - array.get(y, 2) * math.sin( -4 * math.pi * _dir / 3 )
x_2 = array.get(x, 0) + array.get(x, 1) * math.cos( -4 * math.pi * _dir / 3 ) - array.get(y, 1) * math.sin( -4 * math.pi * _dir / 3 ) + array.get(x, 2) * math.cos( -8 * math.pi * _dir / 3 ) - array.get(y, 2) * math.sin( -8 * math.pi * _dir / 3 )
Fourier of the imaginary (y axis) discrete:
y_0 = array.get(x, 0) + array.get(x, 1) + array.get(x, 2)
y_1 = array.get(x, 0) + array.get(x, 1) * math.sin( -2 * math.pi * _dir / 3 ) + array.get(y, 1) * math.cos( -2 * math.pi * _dir / 3 ) + array.get(x, 2) * math.sin( -4 * math.pi * _dir / 3 ) + array.get(y, 2) * math.cos( -4 * math.pi * _dir / 3 )
y_2 = array.get(x, 0) + array.get(x, 1) * math.sin( -4 * math.pi * _dir / 3 ) + array.get(y, 1) * math.cos( -4 * math.pi * _dir / 3 ) + array.get(x, 2) * math.sin( -8 * math.pi * _dir / 3 ) + array.get(y, 2) * math.cos( -8 * math.pi * _dir / 3 )
Euler's Smooth with Discrete Furrier approximated Volume.
a = math.sqrt(2) * math.pi / _devided
b = math.cos(math.sqrt(2) * 180 / _devided)
c2 = 2 * math.pow(a, 2) * b
c3 = math.pow(a, 4)
c1 = 1 - 2 * math.pow(a, 2) * math.cos(b) + math.pow(a, 4)
filt := na(filt ) ? 0 : c1 * (w + nz(w )) / 2.0 + c2 * nz(filt ) + c3 * nz(filt )
Usecase:
First option:
Leverage the script to identify Bullish and Bearish trends, shown with green and red triangle.
Combine Different Timeframes to accurately determine market trend.
Second option:
Pull the data with API sockets to automate your trading journey.
plot(close, title="ClosePrice", display=display.status_line)
plot(open, title="OpenPrice", display=display.status_line)
plot(greencon ? 1 : redcon ? -1 : 0, title="position", display=display.status_line)
Use ClosePrice, OpenPrice and "position" titles to easily read and backtest your strategy utilising more than 1 Time Frame.
Indicator id:
USER;91bdff47320b4284a375f428f683b21e
(only relevant to those that use API requests)
Arbitrage Spread v3 : 12 spreads dashboard [Arby.Trade]This indicator allows you to track in real time the change in the spread (the difference in the exchange rate) between two assets simultaneously for 12 trading pairs.
⚙️ How does the indicator work?
In the indicator settings menu, the user selects two trading pairs, for example BTCUSDT on the Binance exchange and BTCUSDT on the Bybit exchange, after which the script will receive prices from both exchanges and compare them with each other, calculating the percentage deviation between prices (spread). The script will do this work with all 12 trading pairs added to the script settings menu. The script can only work with those assets and exchanges that are on board TradingView, and this is not a small thing.
⚡️ How to use it?
At times when the spread value is negative, this means that the price of the asset on the first exchange is less than on the second. That is, by buying an asset on the first exchange and selling it on the second one, you can earn money (of course, it is important to take into account the commissions of the exchanges for these transactions). When the spread is above zero, the opposite is true. The exchanges and the prices at which to buy are displayed in the green Buy row. Prices and exchanges for sale are in the Sell row and highlighted in red. When the spread is zero, the prices on both exchanges are the same and there is no arbitrage situation.
To improve the accuracy of the indicator, try to use the minimum timeframe available for your TradingView subscription – minute or second.
🕒 Counter of arbitration situations
For each trading pair, the table below the Buy row shows the number of arbitrage situations that have been on the asset for a certain period of time. In this case, an arbitrage situation is understood as the moment when the spread value exceeded the Signal Threshold Level set by the user. Each time the spread value of the Signal Threshold Level is exceeded, the counter will add one. The counter takes into account only those arbitrage situations that were on the market during the time period back from the current moment. For example, for a 1-hour period (1h) of the counter, the number of arbitration situations for the last hour will be displayed. For each asset you can simultaneously track the number of arbitrage situations during three selected time periods from 5 minutes to a day.
The counter will allow you to evaluate the prospects of arbitrage of selected trading pairs. For example, if the number of arbitrage situations on a trading pair was 1-2 within an hour, then it is obvious that it is better not to waste time waiting for another such situation on this pair and look for the next one.
🔔 Setting up Alerts
In the script settings, you can set the threshold value of the spread – Spread Signal Threshold. When this level is reached, the table related to the asset whose spread has reached this level will be highlighted. Also, this level is a signal level for setting up alerts from the indicator.
To set up alerts, open the Alerts tab in the TradingView menu on the right. Click the "Create Alert" button. Then, in the window that opens, select this indicator in the "Condition" line. After that, you can set a name for this alert and complete the notification setup by clicking the "Create" button.
We, the authors of this script, have been engaged in cryptocurrency arbitrage for a long time and, first of all, created it for ourselves and our daily arbitrage trading, but this does not prevent you from using it at your discretion for any types of assets and in any markets.
We have a lighter version of the indicator that allows you to track the spread for only one trading pair or three at the same time. In these versions you can also view the chart of the spread itself, which can be useful for assessing the nature of the spread movement in the history. If this indicator seems too heavy for you and your device, you can use these lighter versions:
🧩 Arbitrage Spread v1 : 1 pair + 1 chart
🧩 Arbitrage Spread v2 : 3 pairs + 3 charts
If, on the contrary, the capabilities of your hardware allow, do not forget that you can always add several indicators to your screen – for example, use the version with 12 pairs as a dashboard with many pairs, and in addition to it one of the versions with a spread chart and look at a more detailed picture of one or three instruments separately.
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Данный индикатор позволяет отслеживать в реальном времени изменение спреда (разницы в курсе) между двумя активами одновременно для 12 торговых пар.
⚙️ Как устроен индикатор?
В меню настроек индикатора пользователь выбирает две торговые пары, например BTCUSDT на бирже Binance и BTCUSDT на бирже Bybit, после чего скрипт получит цены с обеих бирж и сравнит их между собой, рассчитав процентное отклонение между ценами (спред). Такую работу скрипт проделает со всеми 12 торговыми парами добавленными в меню настроек скрипта. Скрипт может работать только с теми активами и биржами, которые есть на борту TradingView, и это не мало.
⚡️ Как пользоваться?
В моменты, когда значение спреда отрицательное, это означает, что цена на актив на первой бирже меньше, чем на второй. То есть, купив актив на первой бирже и продав его на второй можно заработать (конечно при этом важно учитывать комиссии бирж на совершение данных сделок). Когда спред выше нуля - наоборот. Биржи и цены, по которым надо покупать отображаются в зеленой строке Buy. Цены и биржи для продажи – в строке Sell и выделены красным цветом. Когда спред равен нулю – цены на обеих биржах одинаковы и арбитражная ситуация отсутствует.
Для повышения точности работы индикатора старайтесь использовать минимально доступный для вашей подписки TradingView таймфрейм – минутный или секундный.
🕒 Счетчик арбитражных ситуаций
По каждой торговой паре в таблице под строкой Buy отображается количество арбитражных ситуаций, которые были на инструменте в течение определенного промежутка времени. В данном случае под арбитражной ситуацией понимается момент, когда значение спреда превысило установленный пользователем сигнальный уровень спреда Signal Threshold Level. При каждом превышении значения спреда уровня Signal Threshold Level счетчик будет прибавлять единицу. Счетчик учитывает только те арбитражные ситуации, которые были на рынке в течение временного периода назад от текущего момента. К примеру, для 1-часового периода (1h) счетчика будет отображаться количество арбитражных ситуаций за последний час. По каждому инструменту одновременно можно отслеживать количество арбитражных ситуаций в течение трех выбранных временных периода от 5 минут до суток.
Счетчик позволит оценить перспективность арбитража выбранных торговых пар. К примеру, если количество арбитражных ситуаций на торговой паре в течение часа было 1-2, то очевидно, что лучше не тратить время на ожидание очередной такой ситуации на данной паре и поискать следующую.
🔔 Настройка оповещений
В настройках скрипта можно настроить пороговое значение спреда – Spread Signal Threshold. При достижении этого уровня будет подсвечена таблица относящаяся к активу, спред которого достиг этого уровня. Так же, этот уровень является сигнальным для настройки оповещений от индикатора.
Для настройки оповещений откройте вкладку «Оповещения» в меню TradingView справа. Нажмите кнопку «Создать оповещение». Затем в открывшемся окне в строке «Условие» выберете данный индикатор. После чего вы можете задать название данному оповещению и завершить настройку оповещения, нажав кнопку «Создать».
Мы, авторы данного скрипта, давно занимаемся арбитражем криптовалюты и, в первую очередь, создавали его для себя и своей каждодневной арбитражной торговли, но это не мешает вам использовать его по своему усмотрению для любых видов активов и на любых рынках.
У нас есть более легкая версия индикатора, позволяющая отслеживать спред только по одной торговой паре или одновременно по трем. В этих версиях также можно просматривать график самого спреда, что может быть полезным для оценки характера движения спреда в истории. Если данный индикатор покажется для вас и вашего устройства слишком тяжелым вы можете воспользоваться этими более легкими версиями:
🧩 Arbitrage Spread v1 : 1 pair + 1 chart
🧩 Arbitrage Spread v2 : 3 pairs + 3 charts
Если, наоборот, возможности вашего железа позволяют, не забывайте, что вы всегда можете добавить себе на экран несколько индикаторов – например, версию с 12 парами использовать как дашборд с множеством пар, а в дополнение к ней одну из версий с графиком спреда и смотреть более детальную картину по одному или трем инструментам отдельно.
Arbitrage Spread v2 : 3 pairs + 3 charts [Arby.Trade]
This indicator allows you to track in real time the change in the spread (the difference in the exchange rate) between two assets for three trading pairs at the same time.
How does the indicator work?
In the indicator settings menu, the user selects two trading pairs, for example BTCUSDT on the Binance exchange and BTCUSDT on the Bybit exchange, after which the script will receive prices from both exchanges and compare them with each other, calculating the percentage deviation between prices (spread). This setting can be made for three trading pairs. Keep in mind that the script can only work with those assets and exchanges that are on board TradingView, and this is quite a lot.
According to the calculated value of spreads, the spread lines for three trading pairs are displayed on the screen. The spread lines move between values above zero and below. When the spread line is below zero, it means that the price of the asset on the first exchange is less than on the second. That is, by buying an asset on the first exchange and selling it on the second one, you can earn money (of course, it is important to take into account the commissions of the exchanges for these transactions). When the spread line is above zero, the opposite is true. When the spread is zero, the prices on both exchanges are the same and there is no arbitrage situation.
Indicator settings.
For a better visual representation of the current spread value, the indicator has the ability to set two threshold spread levels. The first threshold level is the level below which the spread is not interesting to the trader and he will not consider arbitrage deals. The second threshold level is the level of a particularly high spread. When the spread value exceeds the second threshold level, the spread values will be signed above the spread line, and the extreme values for the user-defined period of bars back will be additionally highlighted in a brighter color. Both threshold levels are displayed on the chart and the user can change their values in the indicator settings menu.
The script allows you to leave only one spread line on the chart for one of the three trading pairs, while maintaining the display of indicator tables for three trading pairs. The script also allows you to completely disable the display of unnecessary trading pairs.
If the volatility of the spread lines is too high and the spread lines from different trading pairs overlap each other, use the "Distance between charts" setting and increase its value until the display of all three charts becomes comfortable.
Alerts.
Additionally, you can set the threshold value of the spread, at which the script will send notifications from TradingView. We called it the Spread Signal Threshold. This threshold level has nothing to do with the visual thresholds described above. You can set a signal level exceeding the second visual threshold or make it lower, but it is important to understand that TradingView alerts will only be triggered if the Spread Signal Threshold is exceeded. This threshold level is common to all trading pairs, so notifications will be sent when this spread level is reached for any of the three trading pairs.
To set up alerts, open the "Alerts" tab in the TradingView menu on the right. Click the "Create Alert" button. Then, in the window that opens, select this indicator in the "Condition" line. After that, you can set a name for this alert and complete the notification setup by clicking the "Create" button.
We, the authors of this script, have been engaged in cryptocurrency arbitrage for a long time and, first of all, created it for ourselves and our daily arbitrage trading, but this does not prevent you from using it at your discretion for any types of assets and in any markets.
We have a lighter version of the indicator that allows you to track the spread for only one trading pair. If this indicator seems too heavy for you and your device, you can use a lighter version .
If, on the contrary, the capabilities of your hardware allow, do not forget that you can always add several copies of this indicator to your screen and simultaneously track not 3, but 6-9-12 and so on arbitrage pairs at the same time. ;)
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Данный индикатор позволяет отслеживать в реальном времени изменение спреда (разницы в курсе) между двумя активами по трем торговым парам.
Как устроен индикатор?
В меню настроек индикатора пользователь выбирает две торговые пары, например BTCUSDT на бирже Binance и BTCUSDT на бирже Bybit, после чего скрипт получит цены с обеих бирж и сравнит их между собой, рассчитав процентное отклонение между ценами (спред). Такую настройку можно произвести для трех торговых пар. Учитывайте, что скрипт может работать только с теми активами и биржами, которые есть на борту TradingView, и это не мало.
По рассчитанному значению спредов на экран выводится линии спредов по трем торговым парам. Линии спредов двигаются между значениями то выше нуля, то ниже. Когда линия спреда ниже нуля это значит что цена на актив на первой бирже меньше, чем на второй. То есть, купив актив на первой бирже и продав его на второй можно заработать (конечно при этом важно учитывать комиссии бирж на совершение данных сделок). Когда линия спреда выше нуля - наоборот. Когда спред равен нулю - цены на обеих биржах одинаковы и арбитражная ситуация отсутствует.
Настройки индикатора.
Для лучшего визуального представления о текущем значении спреда индикатор имеет возможность задать два пороговых уровня спреда. Первый пороговый уровень – это уровень, ниже которого спред не интересен трейдеру и он не будет рассматривать арбитражные сделки. Второй пороговый уровень – это уровень особенно повышенного спреда. Когда значение спреда превышает второй пороговый уровень над линией спреда будут подписаны значения спреда, а экстремальные значения за заданный пользователем период баров назад будут дополнительно выделены более ярким цветом. Оба пороговых уровня отображаются на графике и пользователь может менять их значения в меню настроек индикатора.
Скрипт позволяет оставить на графике только одну линию спреда по одной из трех торговых пар, при этом сохранив отображение индикаторных таблиц по трем торговым парам. Также скрипт позволяет полностью отключить отображение ненужных торговых пар.
Если волатильность линий спреда слишком высока и линии спреда от разных торговых пар накладываются друг на друга воспользуйтесь настройкой «Distance between charts» и увеличивайте ее значение до тех пор пока отображение всех трех графиков не станет комфортным.
Уведомления.
Дополнительно можно настроить пороговое значение спреда, при достижении которого скрипт будет отправлять уведомления от TradingView. Мы назвали это Spread Signal Threshold. Этот пороговый уровень никак не связан с визуальными пороговыми уровнями, описанными выше. Вы можете задать сигнальный уровень превышающий второй визуальный пороговый уровень или сделать его ниже, но важно понимать, что оповещения TradingView будут срабатывать только от превышения именно Spread Signal Threshold. Этот пороговый уровень является общим для всех торговых пар, поэтому уведомления будут приходить при достижении этого уровня спреда по любой из трех торговых пар.
Для настройки оповещений откройте вкладку «Оповещения» в меню TradingView справа. Нажмите кнопку «Создать оповещение». Затем в открывшемся окне в строке «Условие» выберете данный индикатор. После чего вы можете задать название данному оповещению и завершить настройку оповещения, нажав кнопку «Создать».
Мы, авторы данного скрипта, давно занимаемся арбитражем криптовалюты и, в первую очередь, создавали его для себя и своей каждодневной арбитражной торговли, но это не мешает вам использовать его по своему усмотрению для любых видов активов и на любых рынках.
У нас есть более легкая версия индикатора, позволяющая отслеживать спред только по одной торговой паре. Если данный индикатор покажется для вас и вашего устройства слишком тяжелым вы можете воспользоваться более легкой версией .
Если, наоборот, возможности вашего железа позволяют, не забывайте, что вы всегда можете добавить себе на экран несколько копий этого индикатора и отслеживать одновременно не 3, а 6-9-12 и тд арбитражных пар одновременно. ;)
Arbitrage Spread v1 : 1 pair + 1 chart [Arby.Trade]This indicator allows you to track in real time the change in the spread (the difference in the exchange rate) between two assets.
How does the indicator work?
In the indicator settings menu, the user selects two trading pairs, for example BTCUSDT on the Binance exchange and BTCUSDT on the Bybit exchange, after which the script will receive prices from both exchanges and compare them with each other, calculating the percentage deviation between prices (spread). The script can only work with those assets and exchanges that are on board TradingView.
According to the calculated spread value, the spread line is displayed on the screen. This line moves between values above zero and below. When the spread line is below zero, it means that the price of the asset on the first exchange is less than on the second. That is, by buying an asset on the first exchange and selling it on the second one, you can earn money (of course, it is important to take into account the commissions of the exchanges for these transactions). When the spread line is above zero, the opposite is true. When the spread is zero, the prices on both exchanges are the same and there is no arbitrage situation.
Indicator settings.
For a better visual representation of the current spread value, the indicator has the ability to set two threshold spread levels. The first threshold level is the level below which the spread is not interesting to the trader and he will not consider arbitrage deals. The second threshold level is the level of a particularly high spread. When the spread value exceeds the second threshold level, the spread values will be signed above the spread line, and the extreme values for the user-defined period of bars back will be additionally highlighted in a brighter color. Both threshold levels are displayed on the chart and the user can change their values in the indicator settings menu.
Alerts.
Additionally, you can set the threshold value of the spread, at which the script will send notifications from TradingView. We called it the Spread Signal Threshold. This threshold level has nothing to do with the visual thresholds described above. You can set a signal level exceeding the second visual threshold or make it lower, but it is important to understand that TradingView alerts will only be triggered if the Spread Signal Threshold is exceeded.
To set up alerts, open the "Alerts" tab in the TradingView menu on the right. Click the "Create Alert" button. Then, in the window that opens, select this indicator in the "Condition" line. After that, you can set a name for this alert and complete the notification setup by clicking the "Create" button.
We, the authors of this script, have been engaged in cryptocurrency arbitrage for a long time and, first of all, created it for ourselves and our daily arbitrage trading, but this does not prevent you from using it at your discretion for any types of assets and in any markets.
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Данный индикатор позволяет отслеживать в реальном времени изменение спреда (разницы в курсе) между двумя активами.
Как устроен индикатор?
В меню настроек индикатора пользователь выбирает две торговые пары, например BTCUSDT на бирже Binance и BTCUSDT на бирже Bybit, после чего скрипт получит цены с обеих бирж и сравнит их между собой, рассчитав процентное отклонение между ценами (спред). Скрипт может работать только с теми активами и биржами, которые есть на борту TradingView, и это не мало.
По рассчитанному значению спреда на экран выводится линия спреда. Данная линия двигается между значениями то выше нуля, то ниже. Когда линия спреда ниже нуля это значит что цена на актив на первой бирже меньше, чем на второй. То есть, купив актив на первой бирже и продав его на второй можно заработать (конечно при этом важно учитывать комиссии бирж на совершение данных сделок). Когда линия спреда выше нуля - наоборот. Когда спред равен нулю - цены на обеих биржах одинаковы и арбитражная ситуация отсутствует.
Настройки индикатора.
Для лучшего визуального представления о текущем значении спреда индикатор имеет возможность задать два пороговых уровня спреда. Первый пороговый уровень – это уровень, ниже которого спред не интересен трейдеру и он не будет рассматривать арбитражные сделки. Второй пороговый уровень – это уровень особенно повышенного спреда. Когда значение спреда превышает второй пороговый уровень над линией спреда будут подписаны значения спреда, а экстремальные значения за заданный пользователем период баров назад будут дополнительно выделены более ярким цветом. Оба пороговых уровня отображаются на графике и пользователь может менять их значения в меню настроек индикатора.
Уведомления.
Дополнительно можно настроить пороговое значение спреда, при достижении которого скрипт будет отправлять уведомления от TradingView. Мы назвали это Spread Signal Threshold. Этот пороговый уровень никак не связан с визуальными пороговыми уровнями, описанными выше. Вы можете задать сигнальный уровень превышающий второй визуальный пороговый уровень или сделать его ниже, но важно понимать, что оповещения TradingView будут срабатывать только от превышения именно Spread Signal Threshold.
Для настройки оповещений откройте вкладку «Оповещения» в меню TradingView справа. Нажмите кнопку «Создать оповещение». Затем в открывшемся окне в строке «Условие» выберете данный индикатор. После чего вы можете задать название данному оповещению и завершить настройку оповещения, нажав кнопку «Создать».
Мы, авторы данного скрипта, давно занимаемся арбитражем криптовалюты и, в первую очередь, создавали его для себя и своей каждодневной арбитражной торговли, но это не мешает вам использовать его по своему усмотрению для любых видов активов и на любых рынках.
Divergence AnalyzerUnlock the potential of your trading strategy with the Divergence Analyzer, a sophisticated indicator designed to identify divergence patterns between two financial instruments. Whether you're a seasoned trader or just starting, this tool provides valuable insights into market trends and potential trading opportunities.
Key Features:
1. Versatility in Symbol Selection:
- Choose from a wide range of symbols for comparison, including popular indices like XAUUSD and SPX.
- Seamlessly toggle between symbols to analyze divergences and make informed trading decisions.
2. Flexible Calculation Options:
- Customizable options allow you to use a different symbol for calculation instead of the chart symbol.
- Fine-tune your analysis by selecting specific symbols for comparison based on your trading preferences.
3. Logarithmic Scale Analysis:
- Utilizes logarithmic scales for accurate representation of price movements.
- Linear regression coefficients are calculated on the logarithmic scale, providing a comprehensive view of trend strength.
4. Dynamic Length and Smoothing:
- Adjust the length parameter to adapt the indicator to different market conditions.
- Smoothed linear regression with exponential moving averages enhances clarity and reduces noise.
5. Standard Deviation Normalization:
- Normalizes standard deviations over 200 periods, offering a standardized view of price volatility.
- Easily compare volatility levels across different symbols for effective divergence analysis.
6. Color-Coded Divergence Visualization:
- Clearly distinguish positive and negative divergences with customizable color options.
- Visualize divergence deltas with an intuitive color scheme for quick and effective interpretation.
7. Symbol Information Table:
- An included table provides at-a-glance information about the selected symbols.
- Identify Symbol 1 and Symbol 2, along with their corresponding positive and negative divergence colors.
How to Use:
1. Select symbols for analysis using the user-friendly inputs.
2. Customize calculation options based on your preferences.
3. Analyze the divergence delta plot for clear visual indications.
4. Refer to the symbol information table for a quick overview of selected instruments.
Empower your trading strategy with the Divergence Analyzer and gain a competitive edge in the dynamic world of financial markets. Start making more informed decisions today!
Arbitrage SpreadThis indicator helps to find spreads between cryptocurrencies, assess their correlation, spread, z score and atr z score.
The graphs are plotted as a percentage. Because of the limitation in pine tradingview for 5000 bars a period was introduced (after which a new starting point of the graph construction will be started), if you want it can be disabled
The multiplier parameter affects only the construction of the joint diagram on which z score and atr z score are calculated (construction of the diagram is done by dividing one pair by another and multiplying by the multiplier parameter) is shown with a red line
To create a notification you have to specify the data for parameters other than zero which you want to monitor. For parameters z score and atr z score data are counted in both directions
The data can be tracked via the data window
Link to image of the data window prnt.sc
Inter-Exchanges Crypto Price Spread Clouds (Tartigradia)Display variations in min-max and median values of high, low and close across exchanges. It's a kind of realized volatility indicator, as the idea is that in times of high volatility (high emotions, fear, uncertainty), it's more likely that market inefficiencies will appear for the same asset between different market makers, ie, the price can temporarily differ a lot. This indicator will catch these instants of high differences between exchanges, even if they lasted only an instant (because we use high and low values).
Compared with my other "Inter-Exchanges Crypto Price Spread Deviation" indicator, this one overlays directly on the chart, and offers a different take based on the same premisses. Instead of summarizing volatility via standard deviation, here we display clouds of the range of values that were observed.
A big advantage of this approach is that it can also be used to determine safe stop loss levels, especially the values of percentile rank (i.e., what are the high values that were observed in at least 50% of exchanges?).
Indeed, all price levels are displayed in the indicator's status bar:
green for high values,
red for low values,
aqua for median,
purple for average,
The first two values are max and min values of high across exchanges (in green).
The next two values are max and min of low across exchanges (in red).
The next two values are median (aqua) and average (purple).
The last two values are percentile rank values for high (green) and low (red) respectively.
Another advantage is that the high (green) vs low (red) clouds can be seen as representing the buying or selling pressure respectively across exchanges, and this may in itself provide a signal to know whether one side is winning.
Link to my other complementary indicator:
Compared to other inter-exchanges spread indicators, this one offers two major features:
The symbol automatically adapts to the symbol currently selected in user's chart. Hence, switching between tickers does not require the user to modify any option, everything is dynamically updated behind the scenes.
It's easy to add more exchanges (requires some code editing because PineScript v5 does not allow dynamical request.security() calls).
Limitations/things to know:
History is limited to what the ticker itself display. Ie, even if the exchanges specified in this indicator have more data than the ticker currently displayed in the user's chart, the indicator will show only a timeperiod as long as the chart.
The indicator can manage multiple exchanges of different historical length (ie, some exchanges having more data going way earlier in the past than others), in which case they will simply be ignored from calculations when far back in the past. Hence, you should be aware that the further you go in the past, the less exchanges will have such data, and hence the less accurate the measures will be (because the deviation will be calculated from less sources than more recent bars). This is thanks to how the array.* math functions behave in case of na values, they simply skip them from calculations, contrary to math.* functions.
Inter-Exchanges Crypto Price Spread Deviation (Tartigradia)Measures the deviation of price metrics between various exchanges. It's a kind of realized volatility indicator, as the idea is that in times of high volatility (high emotions, fear, uncertainty), it's more likely that market inefficiencies will appear for the same asset between different market makers, ie, the price can temporarily differ a lot. This indicator will catch these instants of high differences between exchanges, even if they lasted only an instant (because we use high and low values).
Both standard deviation and median absolute deviation (more robust to outliers, ie, exchanges with a very different price from others won't influence the median absolute deviation, but the standard deviation yes).
Compared to other inter-exchanges spread indicators, this one offers two major features:
* The symbol automatically adapts to the symbol currently selected in user's chart. Hence, switching between tickers does not require the user to modify any option, everything is dynamically updated behind the scenes.
* It's easy to add more exchanges (requires some code editing because PineScript v5 does not allow dynamical request.security() calls).
Limitations/things to know:
* History is limited to what the ticker itself display. Ie, even if the exchanges specified in this indicator have more data than the ticker currently displayed in the user's chart, the indicator will show only a timeperiod as long as the chart.
* The indicator can manage multiple exchanges of different historical length (ie, some exchanges having more data going way earlier in the past than others), in which case they will simply be ignored from calculations when far back in the past. Hence, you should be aware that the further you go in the past, the less exchanges will have such data, and hence the less accurate the measures will be (because the deviation will be calculated from less sources than more recent bars). This is thanks to how the array.* math functions behave in case of na values, they simply skip them from calculations, contrary to math.* functions.
MAD - Mean Absolute Deviation purpose :implementation of MAD Mean Absolute Deviation in pinescript
implementation by : patmaba
type : measures of spread
Mean absolute deviation
The mean absolute deviation of a dataset is the average distance between each data point and the mean. It gives us an idea about the variability in a dataset.
Here's how to calculate the median absolute deviation.
Step 1: Calculate the mean.
Step 2: Calculate how far away each data point is from the mean using positive distances. These are called absolute deviations.
Step 3: Add those deviations together.
Step 4: Divide the sum by the number of data points.
Source of MAD:
www.khanacademy.org
Formula :
MAD = ( ∑ |xi−µ| ) / n
where
xi = the value of a data point
|xi − µ| = absolute deviation
µ = mean
n = sample size
Spread ChartThis script lets you chart a spread of a maximum of 3 tickers (one of them being the ticker in the main chart).
Y axis is the currency amount of the spread, that is calculated by this formula:
Y = PnL = quantity * price * handleValue
Y is calculated for each ticker specified, and the sum of Ys obtained is plotted.
this way it is possible to view the PnL of the spread directly.
It is necessary to specify the handle value (point value) in the script inputs (not for the main chart ticker).
A table summarizes the spread configuration, containing all inputs.
two_leg_spread_diffThis script helps you discern the relative change of each leg in a two-legged spread over a given period. The main plot is a difference in log return over the number of bars identified by the "lag" parameter. E.g. if "lag" is 10 and leg one has increased 3% over the past ten bars, while leg two has only increased 1%, the plot value is 2%. The main plot is also colored blue when leg one increases while leg two decreases on a given bar, and red if the opposite is true. This feature identifies periods where the correlation between the two legs diminishes. The one and two standard deviation of the main plot is also plotted in faint background lines. Additionally, a table indicates the percentage in which the main plot is within one standard deviation (acc 1) and two standard deviations (acc 2). Note that the standard deviation updates on each bar, so the current standard deviation is not the one used to calculate the accuracy. Rather, if there are N bars, N different standard deviation readings have been used to compute the accuracy statistics.
The inputs are:
- timeframe: the timeframe of the chart
- leg1_sym: the symbol of the first leg
- leg2_sym: the symbol of the second leg
- lag: the number of bars back to reference for computing the log return of each leg
- anchor_to_session_start: for intraday charts only, this overwrites the "lag" input so that the "lag" always sets the point of comparison to the session start. This setting is used to compute the relative change over a single session.
