Volume Brakeout v1Volume Brakout indicator is used to help determine trend direction strictly based on Negative and Positive volume data.
How to Read:
- Moving Average crossovers are used to help determine a possible trend change or retracement.
- The area cloud on the bottom is calculated by the difference of the moving averages. This could be used to help determine the trending volume strength.
- Bright colored volume bars are large volume spikes calculated by the x factor in the options.
Other changes:
- Volume Depth is going open source with numerous of its indicators. This is only one of many!
- Volume is now displayed without being altered for calculations.
Trend
Pip RaidPIP RAID is another form of a macd Most indicator use close as their primary source which is good but side effect of it is the lag in 1-2 candles
I created in the past the VPT indicator which is a volume indicator similar to OBV and I tranform it to be ised as a source insted of close . the reason for it since it a volume based indicator it faster and can help in the lag issue
when you see a cross or plus sign appear it means that emas are touching not crossing so its sign of a potential move
when you see the highlighted red or green background appear it means that the emas have crossed
you can also see trend change , check columns if GOLD/RED if gold above 0 its a uptrend if it below its starting down trend ....
TradeChartist MA Waterslide™TradeChartist MA Waterslide is a beautiful visual indicator that uses an original method to plot a trend based waterslide on price action, based on one of the 15 types of moving averages of the source price. The Waterslide helps identify the trend and also helps spot key Support and Resistance levels visually from the confluence of Waterslide levels.
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Key features included in the settings
MA Waterslide - Displays Waterslide based on one of the 15 MA types - disabling this option removes the fill and shows just the Waterslide levels.
Waterslide MA Type - User can choose one of 15 different types of Moving Averages.
Waterslide MA Length - User can input the required MA length for the Waterslide.
Offset - Offset upto the value of 5 can be used to visually see the levels better by projecting them into the future by the Offset value.
Waterslide Width - Width of the Waterslide. Default width is 3 and Minimum is 1. It can be changed to suit the risk based support and resistance spotting.
Display MA - Displays the True MA Plot
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Example charts
1. BTC Multi Window showing different Themes and MA types.
2. GBPUSD 15m chart using 200 period Hull MA with Offset 5 and Width 5 along with True MA plot.
3. XAUUSD 1 hr chart using 200 period TEMA with Offset 5 and Width 5 of BaseLine (Kijun Sen) of Ichimoku Cloud as Price Source.
4. SPX 1 hr chart using 100 SMA and Width 5 with just the MA Waterslide Levels.
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Momentum Adjusted EMA TrendThe script draws a moving average which responds to trend changes extraordinary fast!
It's calculated using Momentum, Acceleration and Probability (Psychological Effect) by interfering the Golden Ratio!
I got the idea thanks to Tradingview user DGT (dgtrd) and his/her excellent descriptions.
The indicator is simplified for users and the default settings work great, so use it as you like specially as a trend indicator.
SuperTrendRange by DGTSuperTrendRange study attempts to determine the state of the market
• whether a well-established bull/bear trend is present
• whether the market is trading in a range
SuperTrendRange (STR) takes into account the volatility of the market - further details regarding volatility can be found in the description of “Volatility Bands by DGT” study
Due to its similarities to SupertTrend (ST) and Parabolic SAR (SAR), I will try to explain by stating differences between them
SuperTrendRange uses both the ATR (Average True Range) and STDEV (Standard Deviation) as part of its calculations - unlike ST and SAR where they use only ATR
Sensitivity of the indicator is adjusted using the multiplier setting of both ATR and STDEV
Additionally, unlike ST, the source of the basis of SuperTrendRange can be selected among the assets price value or its moving average
Source and Length are adjustable too
The SuperTrendRange, like Parabolic SAR indicator, appears on a chart as a series of dots, either above, below or unlike Parabolic SAR both above and below of the asset's price
A dot placed
- below the price when the market is trending upward
- above the price when it is trending downward
- both above and below when the price starts moving sideways – this is a feature that both SuperTrend and Parabolic SAR misses, where they are known to produce false signals and losing trades, whereas SuperTrendRange emphasis the zones of the ranges occurring and in most cases are considered no trade recommended zones. Please note that the range width may vary depending on how the market is volatile. It is up to the users to trade if it fits their trading strategies
Dots plotted above and below can be assumed as Support and Resistance levels
Example usages – with trading opportunities
Gold Monthly Chart
Bitcoin Daily Chart
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
TRUE Vibration 2.0True Vibration was designed as a Comprehensive Trading Tool for active traders.
All Markets and all assets constantly chop on all time frames. No asset is exempt from this.
Our goal in trading is (should be) to utilize Technical Analysis in order to identify what the masses are likely thinking and to identify when and where they are likely wrong (or trapped). Generally speaking, the masses tend to do well during trends and they tend to perform terribly at inflection points. I designed this tool in an effort to help Traders better identify these areas in both TRENDING and RANGING markets.
There is a lot happening in this oscillator (by design). The key outputs provided through the oscillator include:
-Identification of Market Structure (Rule #1 of trading & yet it is also the first thing most traders forget)
-Potential Pivots for Longs and Shorts
-A simple Trend identification feature
-A bursting feature for areas showing confluence which often leads to bigger moves
-Multiple variations of unique momentum indicators
-Divergence on the momentum indicator
and much more...
"A tool is only as good as its user". What many will find is that the more time they invest in learning the intricacies of this tool the better they will become at using it and receiving benefits from it. Intro and instruction video(s) will be made available to give users a head start on the learning curve with this tool.
Zeus Trend DetectorAn exclusive trend detecting algorithm.
Contains the following addons, which can be activated or deactivated in the settings:
-- Zeus Cloud (Further Trend Analysis)
-- Market State Panel
-- Grey Indecision Zones
This is a premium script, that can be rented on a monthly basis.
PM if you are interested.
-Hawk
Optional Cloud Mode:
Volume Treshold [UTS]Volume Treshold
If volume of a candle is more than x percent of the average volume of the last n candles, it changes colour.
Can be shown on the candles themselves and could be set to independent figures vs the volume bars
Both elements of this, the volume bars and candles could be edited independently with the following values;
- Lookback period how many bars should be taken into consideration
- % that causes it to be triggered settable in decimals up to 3.5 where 1.0 equals to 100%
- Colour to change the volume bar to can be set via menu
- Colour to change the candle to can be set via menu
- Ability to show the treshold as visualized drawing over the histogram
- Ability to choose smoothing method SMA | EMA
- Optional: to add a moving average to the volume bars
Note: only works on charts with volume information
Radar Screen v3This is a combination of various indicators that very rarely conflict, thus giving us a good understanding:
- "Price Rally" detecting whether price is rallying, giving us confidence it will continue.
- Volume - knowing volume is going with the trend is a good confidence check.
- Trend Angle - This will go red or green depending on whether the price angle is going up or down, taken over three bars.
- VWAP for all of these stock traders.
- EMA8 is a very sensitive moving average, good for short term trades.
- CCI SMA is a strategy I commonly use, please check out my other indicators for a functional description.
- Stochastics is used throughout many systems.
- RSI BB shows where price is rebounding of the bollinger band and then moving up or down.
As per all of my indicators, the system is simple - The more green lines you see, the stronger the buy signal. The more red lines you see, the stronger the sell. If its a 50/50 mix of red and green, then don't trade.
I can customise this further or add other strategies, please message me.
[NLX-L1] Trend Index- NLX Modular Trading Framework -
This module is build upon the Trend Index by Mango2Juice (thanks for your permission to use the source!)
It includes all the common indicators and creates a positive or negative score, which can be used with my Modular Trading Framework and linked to an entry/exit indicator.
SuperTrend
VWAP Bands
Relative Strength Index ( RSI )
Commodity Channel Index ( CCI )
William Percent Range (WPR)
Directional Movement Index (DMI)
Elder Force Index ( EFI )
Momentum
Demarker
Parabolic SAR
... and more
- Getting Started -
1. Add this Trend Index to your Chart
2. Add one of my Indicator Modules to your Chart, such as the QQE++ Indicator
3. In the QQE Indicator Settings combine it with the Trend Index (and choose L1 Type)
4. Optional: Add the Noise Filter , and in the Noise Filter Settings you select the QQE Indicator as combination (and choose L2 for Type)
5. Add the Backtest Module to your Chart
6. Select the Noise Filter in the Backtest Settings
Indicator modules can be combined in many different ways in my framework - have fun!
- Alerts for Automated Trading -
The alerts module is coming soon and you will be able to create alerts to automated your trades.
See my signature below for more information.
CCI & EMA_CROSS_PaydarCCI & EMA_CROSS_Paydar
Hello everyone
This indicator is actually a very efficient oscillator,
This system is a unique combination of indicators CCI and EMA, which of course has special settings, these settings are adjusted as much as possible due to signaling.
As you can see in the picture:
CCI: the two colors line, green and red, are actually the same indicator CCI that I set to 20.
*Note that in index CCI I have set the lines +100 and -100 to +75 and -75 for less error and a stronger signal to sell or buy.
EMA: The white line, which is in the form of steps, is in fact the same indicator of EMA, which I have considered as a value of 9.
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Instructions
-> areas:
Zone +75 to +200 = positive range or incremental price or bullish
Zone +75 to -75 = Neutral range or almost constant price (no fluctuations or very wet fluctuations)
Zone -75 to -200 = single range or discount price or bearish
->How to use:
Buy = In the bearish range, if line CCI intersects line EMA upwards and goes to the neutral zone.
None = if the index (or index lines) collide in the neutral zone
Sell = In the bullish range, if line CCI intersects line EMA down and goes to the neutral zone.
-> Please comment on this system or if you have a good experience in changing the values of the indicators or it seems to you, please share.
With great respect to:
Who had published the main idea of this system.
[NLX-L1] Noise Filter- NLX Modular Trading Framework -
This Noise Filter is build upon a logic of Hurst Exponent and MA-ATR %-Distance to Price and does a great job at filtering choppy trades and noise.
The Hurst Exponent will analyze a time series and determine whether it is a geometric Brownian motion, mean reverting or trending and effective at filtering out whipsaws.
- Getting Started -
1. Add the Noise Filter to your Chart
2. Add one of my Indicator Modules to your Chart, such as the QQE++ Indicator
3. Select the Noise Filter in the Indicator Settings
2. Add the Backtest Module to your Chart
3. Select the QQE Indicator in the Backtest Settings
- Alerts for Automated Trading -
This module is coming soon and you will be able to create alerts for the QQE Signals as part of my framework.
See my signature below for more information.
MA Cross - Multi-Timeframe The MA cross is probably one of my favourite strategies because of its simplicity but it often gets overlooked for more complex strategies.
The original author of this script is ChartArt, I have just added some extra controls and functions which are outlined below. I would just like to add that this is my first published script, everything I have learned about coding has been from studying and tinkering with many of the publicly available scripts on TV so I would like thank all the authors who give out this knowledge so freely!
Updates
- Converted to v4
- Made some graphical changes and provided more control over plots
- Added RMA and VWMA
- Added alerts
Original script can be found here
RSI TrendsRSI is a momentum indicator, however most people seem to be using it to go against the momentum by trying to identify tops/bottoms using it. Its in my opinion the wrong way to be using it. It can be easily used for trend following which seems like a better use for it.
Uptrend - RSI > 60
Downtrend - RSI < 40
Sideways - RSI between 40 and 60
If however not interested in filtering for sideways trends and convert it to a long-short only strategy that stays in market all the time then it can be simply modified by setting both overbought/oversold thresholds to 50. In such a case uptrend will be above 50 and downtrend will be less than 50.
Note: wait for close for current bar to be confirmed as RSI is calculated at close
Ehlers 3 Pole Butterworth Filter V2 [CC]The 3 Pole Butterworth Filter was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pgs 196-197) and this indicator is a moving average that also works well as a trendline. Buy when the indicator line turns green and sell when it turns red.
Let me know if you would like me to publish other indicators or if you want something custom done!
Trend Performance TrackerThis script is designed for trend trading. Currently set up for stocks long. It's main aim is checking the profitability of the trend trading system that it suggests.
How to use:
- When there is a sufficient trend and pullback for an entry yellow dots will appear under the bars. An buy-stop line (green) and a stop-loss line (red) also appear on the chart at this point.
- the script tracks having made a trade and continues to draw the stop-loss placement on the chart (red line)
- at the bottom of the chart you an see the script tracking the trades it would place.
- Yellow squares are a pending setup
- A green arrow and green squares are a open position
- A pink X means a losing trade and a green flag means a winning trade
- At the current bar will be data on how well the strategy would perform on that pair at that timeframe. "RR" is the total RR made over the number of trades (a bad trade is counted as -1). "win %" is the percentage of winning trades.
- If there RR is > 2 and win % is > 50%, the data box will show as green, indicating a good probability for trading success on that pair and time-frame at that moment.
Empirical SuiteThis indicator removes high-frequency noise from 4 extremely useful measurements:
Volume
Volatility
Trend
Momentum
All plots are normalized after filtration to make comparisons easier.
In the chart, I step through an example trade on $TSLA, however, the indicator works well on
Currencies and Commodities too.
Comparing side-by-side to other common tools
RSI: Faster entries and exits
Stochastic: Faster exits and less false positives
Momentum: Not manipulated by low-volume spikes
TTM Squeeze: Regularly 1 bar faster on both entries and exits
MACD: Faster entries and exits
I plan on releasing updates in the future - Alerts, Entry & Exit conditions, and better performance during consolidation.
Traders Dynamic Index(TDI) + Momentum Candles[CW_Trades]The Traders Dynamic Index(TDI) is a trend, momentum and volatility indicator. The TDI is comprised of a standard Relative Strength Index(RSI) line, but also includes an RSI signal line, Bollinger Bands of the RSI and adjusted horizontal overbought/oversold levels. This version of the TDI offers the ability to color the RSI line based on RSI momentum. This version colors the horizontal background levels of the RSI depending on whether price is in a bull trend or bear trend. This version also allows you to color the price candles based on RSI momentum.
When reading the TDI the first line you want to look at is the RSI line, which is the line that changes color. The RSI line in this indicator is set to a lookback period of 13 rather than 14 as in the standard RSI indicator.
-The RSI line color is derived from the line's horizontal position(0-100). When the RSI line is between 45-55 the RSI line will be gray which indicates no momentum, or that price is neutral.
-When the RSI line is above 55 the line will be colored shades of green which indicate bullish price momentum:
--55-60 = dark green = weak bullish momentum
--60-70 = green = bullish momentum
--70-80 = light green = strong bullish momentum
--above 80 = bright green = extreme/overbought bullish momentum
---The brighter the shade of green the stronger the bullish momentum.
-When the RSI line is below 45 the line will be colored shades of purple which indicate bearish price momentum:
--45-40 = dark purple = weak bearish momentum
--40-30 = purple = bearish momentum
--30-20 = light purple = strong bearish momentum
--below 20 = bright purple = extreme/oversold bearish momentum
---The brighter the shade of purple the stronger the bearish momentum.
The next line in the TDI is the RSI Signal Line and it is an 8-period average of the RSI. The RSI Signal Line shows short-term trend in momentum. When the RSI line is above the RSI signal line the short-term momentum trend is considered bullish. When the RSI line is below the RSI signal line the short-term momentum trend is considered bullish.
The next set of lines you want to look at after the RSI line are the Bollinger Bands of the RSI, which are preset to the color blue. The RSI Bollinger Bands are read just as standard price Bollinger Bands in that the RSI trending above the middle of the bands is considered bullish and an RSI line trending below the middle of the bands is considered bearish. Breaches above the upper Bollinger Band and breaches below the lower Bollinger Band are considered to be signs of extreme volatility. A breach of the upper band indicates that momentum is extremely volatile to upside and price could potentially reverse, or make a short-term top. When this occurs the RSI line is colored yellow. When the RSI line breaches the lower Bollinger Band it indicates that momentum is extremely volatile to the downside and price could potentially reverse, or make a short-term bottom. When this occurs the RSI line is colored red.
Along with watching where the RSI line is relative to the Bollinger Bands, you also want to watch where the middle Bollinger Band is on the horizontal range(0-100). When the middle Bollinger Band is above 50 it indicates intermediate-term bullish momentum. When the middle Bollinger Band gets near or above 70 it usually marks a short-term top or end of a bull rally. When the middle Bollinger Band is below 50 it indicates intermediate-term bearish momentum. When the middle Bollinger Band gets near or below 30 it usually marks a short-term bottom or end of a bear rally.
When the middle Bollinger Band crosses above and below the horizontal 50 level it changes the color of the TDI background. When the middle band is above 50 the background is colored green and when the middle band is below 50 the background is colored purple. The green background will fill the 40-80 levels and is where you want to see most of the RSI line action during a bull trend in price. When the RSI is mostly trending between 40-80 the overall trend behind price is considered bullish. The purple background will fill the 20-60 levels and is where most of the RSI line action will be during a bear trend in price. When the RSI line is mostly trending between 20-60 the overall trend behind price is considered bearish.
The TDI is a great tool for any trader, especially if you already use the RSI indicator since the TDI is basically and improved/advanced RSI.
Ehlers 2 Pole Super Smoother Filter V2 [CC]The 2 Pole Super Smoother Filter was created by John Ehlers (Cycle Analytics For Traders pg 32) and this follows the price very closely and very useful because it is consistent with uptrends and falls sharply during a sudden downtrend so it should be able to help you stay more profitable. Buy when the indicator line turns green and sell when it turns red.
Let me know if there are other indicators you would like to see me publish or if you want something custom done!
PWTPROv5 TrendIndicator with LONG/SHORT BTC ETH alerts
This PWTPRO indicator is based on VWAP , MACD and EMAs
Best fits for BTC /USDT and ETH/USDT trading for 1H timeframe for positional trading (3-5 trades per week)
15min TF is good for intraday scalping. 4H is good for longterm. Fits for any coin, forex, metals, oil and bonds.
There are 4 types of entries, 1,3 and 4 are on by default. It's more accurate. Rest you can test.
Warning. Not yet works with huge trend continuation. Use it manually with you own risk management, don't forget stop-losses.
Show take profits and stop-loss (It's off by defaults)
You can now add 3 take-profit and 1 stop-loss labels on chart in %
Use 0 values to remove any of them from the charts.
New option: Show entering position price as label
Minor visual improvements with price labels (y position is now correctly above/below bars)
+added new option to round prices for integer values (i.e. 9251 for btc instead of 9251.35) off by defaults and now fits for altcoins and any asses that has price below 1 (usd, btc etc)
This is invite only script. PM me if you want to test it.
Ehlers Center Of Gravity Oscillator [CC]The Center of Gravity Oscillator was created by John Ehlers (Cybernetic Analysis For Stocks And Futures pg 49) and this provides a pretty accurate way to see how the stock is trending. If the indicator stays above 0 then the stock is in a pretty strong uptrend and if it stays below 0 then the stock is in a pretty strong downtrend. Buy when the indicator changes from red to green and sell when it changes from green to red.
Let me know if you would like me to publish any other indicators or if you want something custom done!
Welles Wilder MA [MX]The average of 34 periods I observe as a mobile S/R, but I usually observe it more when it is in strong trend, and the average of 72 and 89 as trend dictators, if the asset is above them = Bullish , below = Bearish , and the 144 average as the last moving S/R, and also as an S/R even stronger than all other MAs and when the asset loses that average, I see it as final confirmation of the other previous averages.
I give more importance to the average of 89 periods than to 72, because I see it as an extension to the average of 72, as if it were a trend range.
for those who prefer to observe the crossing of short and long averages as a way to see the trend, I also left this option, although I do not use
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A média de 34 periodos eu observo como um S/R móvel, mas eu costumo observar ela mais quando está em forte tendência, estando bem bearish ou jeffish, e a média de 72 e 89 como ditadoras de tendência, se o ativo está acima delas = Bullish , abaixo = Bearish , e a média de 144 como o último S/R móvel, e também como um S/R ainda mais forte que todas as outras MA's e quando o ativo perde essa média, eu vejo como confirmação final das outras médias anteriores.
Eu dou mais importância a média de 89 períodos do que a de 72, porque eu vejo ela como uma extensão a média de 72, como se fosse um range de tendência.
para quem prefere observar o cruzamento das médias curtas com as longas como forma de ver a tendência, eu deixei também essa opção, embora eu não use
VWAP OscillatorToday I'm proposing a simple VWAP oscillator script to trade buy and sell waves more easily.
You trade this similar to how you trade Awesome Oscillator, so if you want an explanation just look up YT videos.
In addition to that, this will also show volume squeezes, please note that this is a makeshift way and not real volume squeeze phenomena of volume profile and tape. None the less, it is quite good at allowing you to ride out good trending waves and locate weak price action due to volume squeeze. You can turn off bar coloring from settings if you don't want this.
For ease of reading, I've also applied Allenstars Dynamic zones on this indicator so you can easily locate where the reading is entering in long and where it is in sell, this is compared to selected sample size. I've already selected the most common setting for that, so you don't really need to fiddle with it unless you find something better.
This indicator can be used to trade divergences as well, in fact, I feel it is better for that compared to RSI/MACD, the usual suspects.
Past performance is not assurance of future performance and this idea is published for only educational purposes, author taken no responsibility for your profit or loss.
Percentile Nearest Rank Using Arrays [LuxAlgo]The new array feature is extremely powerful, as it will allow pinescript users to do more complex things, or compute existing calculations more efficiently, it will also be possible to shine some light to some already existing functions, one of them being percentile_nearest_rank .
We have been working on this new feature with our pal alexgrover, and made this script which computes a rolling percentile using the nearest rank method.
Settings
Length: Window of the rolling percentile, determine the number of past data to be used.
Percentage: Return the current value if Percentage % of the data fall below that value, the setting is in a range (0,100).
Src: Input source of the indicator.
Usage
A rolling percentile can have many usages when it comes to technical analysis, this is due to its ability to return the value of three common rolling statistics, the rolling median, which can be obtained using a percentage equal to 50, the rolling maximum, obtained with a percentage equal to 100, and the rolling minimum, obtained with a percentage equal to 0.
When we use our rolling percentile as a rolling median, we can obtain a robust estimation of the underlying trend in the price, while using it as a rolling maximum/minimum can allow us to determine if the market is trending, and at which direction. The rolling maximum/minimum is a rolling statistic used to calculate the well known stochastic oscillator and Donchian channel indicator.
We can also compute rolling quartiles, which can be obtained using a percentage of 25 or 75, with one of 25 returning the lower quartile and 75 the upper quartile.
In blue the upper rolling quartile (%75), in orange the lower rolling quartile (%25), both using a window size of 100.
Details
In order to compute a rolling percentile nearest rank, we must first take the most recent length closing prices, then order them in ascending order, we then return the value of the ordered observations at index (percentage/100*length) - 1 (we use - 1 because our array index starts at 0).
