Balance of Power [Lake Oats] Balance of Power indicator - Useful tool for finding great Timing upon Entering Postions and Existing Postions, Also Useful for finding Normal and Hidden Divergences
Balance
On Balance VolumeThis indicator was originally described by Joseph E. Granville in his book "Granville's New Key To Stock Market Profits" (1963).
Altcoin PortfolioTrack your altcoin portfolio balance in Fiat currency.
Make sure to open the data window to the right of your charts, it makes everything alot easier to read at a glance.
To learn more about customizing this script to fit your portfolio, watch the video here: youtu.be
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As per the usual, we hope this script helps with your trading venture.
Good luck, and happy trading.
Bull And Bear Balance Strategy Backtest This new indicator analyzes the balance between bullish and
bearish sentiment.
One can cay that it is an improved analogue of Elder Ray indicator.
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
This modified strategy backtest from HPotter
Bull Power Strategy Bull Power Indicator
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
Bear Power Strategy Backtest Bear Power Indicator
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb.
Indicator Integrator Strat <<<<<< Updated again, second2nd patch
Found an error in the orders. Script was making double orders at times. I fixed it. It is tuned as such:
NZDUSD
15 min chart
starting $USD to show 1000 contracts for minicontract with FXCM (start date 3-18 $633 ** see note)
Indicator plots Starting equity-trade gain and loses-number of trades time spread = net money
** with 1:50 leverage it requires $16 for one 1,000 contract.
$84 net vs $16 initial balance is 456% in 109 days.
* If you find errors please comment.
Indicator Integrator Strat <<<<<< UPDATED with CorrectionFound an error in the orders. Script was making double orders at times. I fixed it. It is tuned as such:
NZDUSD
15 min chart
starting $USD to show 1000 contracts for minicontract with FXCM (start date 3-18 $633 with 1:50 leverage)
Indicator plots ==> Starting equity - (trade gain and loses) - (number of trades) * (spread) = true balance estimate
SN Smoothed Balance of Power v2Hi all,
here is an updated version of the indicator script I published yesterday.
The goal of this indicator is to try and find darkpool activity. The indicator itself is not enough to fully identify darkpool but it should be able to detect quiet accumulation. What makes this Balance of Power different from others on TV is that it is smoothed by using a moving average.
Notes:
- The values that are default are completely arbitrary except for the VWMA length (a 14-day period for the 1D chart is the norm). For instance the limit where it shows red/green I picked because it works best for the 1D chart I am using. Other TF's and charts will need tweaking of all the values you find in the options menu to get the best results.
- I modified the indicator such that it is usable on charts that do not show volume. HOWEVER, this chart is default to NYMEX: CL1!. To get different volume data this needs to be changed in the option menu.
- I am in no way an expert on darkpool/HFT trading and am merely going from the information I found on the internet. Consider this an experiment.
Credits:
- Lazybear for some of the plotting-code
- Igor Livshin for the formula
- TahaBintahir for the Symbol-code (although I'm not sure who the original author is...)
Bull And Bear Balance Indicator Hi
Let me introduce my Bull And Bear Balance Indicator script.
This new indicator analyzes the balance between bullish and
bearish sentiment.
One can cay that it is an improved analogue of Elder Ray indicator.
To get more information please see "Bull And Bear Balance Indicator"
by Vadim Gimelfarb
