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Breadth Indicators

me__.roworks by calculating ATR (Average True Range) to measure market volatility and uses that to determine price levels. Key Features: Buy and Sell Signals: The script checks if the price crosses certain levels (based on ATR) and generates buy signals when the price goes above the level or sell signals when it goes below. The signals are shown as arrows on the chart. Stop-Loss and Take-Profit Levels: It automatically calculates where to place your stop-loss to minimize risk. It also calculates two take-profit levels to lock in gains. Heikin Ashi Option: You can enable a setting to base calculations on Heikin Ashi candles instead of regular price candles. These smooth out price fluctuations to show clearer trends. Lines on the Chart: The script draws lines for the entry price, stop-loss, and take-profit levels, making it easy to visualize your trade. Alerts: It can send alerts when buy or sell signals are generated, so you don’t have to monitor the chart all the time. How It Works: It uses ATR to measure how much the price typically moves. Based on this, it calculates a dynamic level for stop-loss and take-profit. If the price moves above or below these levels, it signals a potential trade (buy or sell).
Pine Script™ indicator
by ameerFX98
1
Prior Day High and Low RaysPrior Day High and Low Rays This custom TradingView indicator projects rays from the prior day's high and low prices, helping you visualize key levels of support and resistance from the previous trading day. The rays extend to the right, continuing from the prior day's high and low throughout the current trading day. Features: Displays a ray starting at the prior day's high price. Displays a ray starting at the prior day's low price. Rays extend to the right and are only plotted for the immediate prior day. Customizable ray color and width through the indicator settings. Use Case: Track important price levels from the previous day that can act as support or resistance. Customize the appearance of the rays to match your chart's style and preferences. This tool is designed for traders who want to incorporate prior day price action into their analysis and maintain a clean, customized chart display.
Pine Script™ indicator
by Mrfoofums
Delta Momentum IndicatorDelta-RSI Oscillator Strategy: This strategy illustrates the use of the recently published Delta-RSI Oscillator as a stand-alone indicator. Delta-RSI represents a smoothed time derivative of the RSI, plotted as a histogram and serving as a momentum indicator. There are three optional conditions to generate trading signals (set separately for Buy, Sell and Exit signals): Zero-crossing: bullish when D-RSI crosses zero from negative to positive values (bearish otherwise) Signal Line Crossing: bullish when D-RSI crosses from below to above the signal line (bearish otherwise) Direction Change: bullish when D-RSI was negative and starts ascending (bearish otherwise) Since D-RSI oscillator is based on polynomial fitting of the RSI curve, there is also an option to filter trade signal by means of the root mean-square error of the fit (normalized by the sample average).
Pine Script™ indicator
by pranayshahare
1
Enhanced SPX and BTC Overlay with EMASPX-BTC Momentum Gauge and EMA Cross Indicator Thorough Analysis: • Combined Overlay (Green/Red Line): o Function: Plots a wide line over the price chart, representing a composite of SPX and BTC dynamics adjusted by volume data. o Color Coding:  Green: Indicates bullish conditions when the combined value exceeds its 10-period SMA and Bitcoin volume increases.  Red: Signals bearish conditions when the combined value drops below its 10-period SMA and Bitcoin volume decreases. o Line Characteristics:  Width: Set at 8 for high visibility.  Transparency: 86% for both colors to overlay without obscuring candlesticks.  Scaling: Uses a factor of 0.02446 to amplify movements, making trend changes more noticeable. • Continuous Bright Red and Green Lines: o 20-period EMA of Current Ticker (Red):  Purpose: Acts as a medium-term trend indicator, smoothing price data to reflect the asset's general direction over time.  Color: Bright red for easy identification.  Transparency: 60% to keep it visible but not overpowering. o 5-period EMA of BTC (Green):  Purpose: Provides insights into short-term Bitcoin momentum, capturing rapid changes in market sentiment.  Color: Bright green to distinguish from the red EMA.  Transparency: 30% for high visibility against price movements. Detailed Analysis of the EMA Cross: • Crossing Points: o Bullish Crossover:  Occurs when the 5-period BTC EMA (green) moves above the 20-period EMA of the current ticker (red).  Suggests that Bitcoin's short-term momentum is gaining strength relative to the asset's medium-term trend, potentially signaling an upcoming uptrend or strengthening of an existing one. o Bearish Crossover:  When the green line falls below the red, it indicates that Bitcoin's immediate momentum is weakening compared to the asset's medium-term trend, which might precede a downtrend or confirm one. • Early Trade Signals: o Entry/Exit Points:  These crossovers can guide traders in making timely decisions to enter or exit trades, especially when corroborated by the combined overlay's color. o Confirmation:  EMA crossovers can confirm trends indicated by the combined overlay. For example, a bullish crossover with a green combined line could validate a buying opportunity. o Volatility Insights:  The rapid shifts in Bitcoin's 5-period EMA highlight potential volatility spikes, offering an additional layer of market analysis, particularly useful in volatile markets. • Strategic Use: o Multi-Market Insight: The script integrates data from both traditional (SPX) and crypto (BTC) markets, allowing for a more comprehensive analysis of market conditions. o Decision-Making: Provides traders with visual cues for market sentiment, trend direction, and potential reversals, enhancing strategic trading decisions. o Trend Confirmation: The combination of EMA crossovers and the overlay's color changes offers a multi-faceted approach to trend confirmation or divergence. In Summary: • This script merges elements of traditional stock market analysis with cryptocurrency dynamics, utilizing color changes, line thickness, and EMA crossovers to visually communicate market conditions, offering traders a robust tool for analyzing and acting on market movements.
Pine Script™ indicator
by george.sabin.73
PDL By iofexPrevious day levels A Previous Day Level Indicator is a trading tool designed to highlight the key levels from the previous trading session, such as the high, low, and close prices. These levels act as significant support and resistance points, helping traders make informed decisions. By analyzing these levels, traders can anticipate potential price reversals, breakouts, or continuations in the current trading session. This indicator is particularly useful for day traders and scalpers aiming to align their strategies with market trends.
Pine Script™ indicator
by hamasfx
Candle Pattern Analyzer with KNNCandle Pattern Analyzer with KNN This indicator analyzes candlestick patterns and uses a K-Nearest Neighbors (KNN) algorithm to predict future price movements. The indicator identifies and highlights various candlestick patterns, including: 1. Hammer A bullish reversal pattern that forms when a small body candle is preceded by a long downward move. Indicates a potential reversal of the downtrend. 2. Shooting Star A bearish reversal pattern that forms when a small body candle is preceded by a long upward move. Indicates a potential reversal of the uptrend. 3. Inverse Hammer A bullish reversal pattern that forms when a small body candle with a long upper shadow is preceded by a downward move. Indicates a potential reversal of the downtrend. 4. Bullish Engulfing A bullish reversal pattern that forms when a large bullish candle engulfs a smaller bearish candle. Indicates a potential reversal of the downtrend. 5. Bearish Engulfing A bearish reversal pattern that forms when a large bearish candle engulfs a smaller bullish candle. Indicates a potential reversal of the uptrend. 6. Morning Star A bullish reversal pattern that forms when a small body candle is preceded by a downward move and followed by a large bullish candle. Indicates a potential reversal of the downtrend. 7. Evening Star A bearish reversal pattern that forms when a small body candle is preceded by an upward move and followed by a large bearish candle. Indicates a potential reversal of the uptrend. 8. Three Black Crows A bearish reversal pattern that forms when three consecutive bearish candles appear. Indicates a potential reversal of the uptrend. 9. Three White Soldiers A bullish reversal pattern that forms when three consecutive bullish candles appear. Indicates a potential reversal of the downtrend. The KNN algorithm is used to predict future price movements based on the identified candlestick patterns. The algorithm analyzes the historical data and identifies the most similar patterns to the current market conditions. The predicted price movement is then plotted on the chart. This indicator can be used to identify potential reversals in the market and to predict future price movements. However, it should be used in conjunction with other forms of technical and fundamental analysis to confirm the signals.
Pine Script™ indicator
by gleefulGnu73262
Internals Elite NYSE [Beta]Overview: This indicator is designed to provide traders with a quick overview of key market internals and metrics in a single, easy-to-read table displayed directly on the chart. It incorporates a variety of metrics that help gauge market sentiment, momentum, and overall market conditions. The table dynamically updates in real-time and uses color-coding to highlight significant changes or thresholds, allowing traders to quickly interpret the data and make informed trading decisions. Features: Market Internals: TICK: Measures the difference between the number of stocks ticking up versus those ticking down on the NYSE. Green or red background indicates if it crosses a user-defined threshold. Advance/Decline (ADD): Shows the net number of advancing versus declining stocks on the NYSE. Color-coded to show positive, negative, or neutral conditions. Volatility Metrics: VIX Change (%): Displays the percentage change in the Volatility Index (VIX), a key gauge of market fear or complacency. Color-coded for direction. VIX Price: Displays the current VIX price with thresholds to indicate low, medium, or high volatility. Other Market Metrics: DXY Change (%): Percentage change in the US Dollar Index (DXY), indicating dollar strength or weakness. VWAP Deviation (%): Percentage of stocks above VWAP (Volume Weighted Average Price), helping traders assess intraday buying and selling pressure. Asset-Specific Metrics: BTCUSD Change (%): Percentage change in Bitcoin (BTC) price, useful for monitoring cryptocurrency sentiment. SPY Change (%): Percentage change in the S&P 500 ETF (SPY), a proxy for the overall stock market. Current Ticker Change (%): Percentage change in the currently selected ticker on the chart. US10Y Change (%): Percentage change in the yield of the 10-Year US Treasury Note (TVC:US10Y), an important macroeconomic indicator. Customizable Appearance: Adjustable text size to suit your chart layout. User-defined thresholds for key metrics (e.g., TICK, ADD, VWAP, VIX). Dynamic Table Placement: You can position the table anywhere on the chart: top-right, top-left, bottom-right, bottom-left, middle-right, or middle-left. How to Use: Add the Indicator to Your Chart: Apply the indicator to your chart from the Pine Script editor in TradingView. Customize the Inputs: Adjust the thresholds for TICK, ADD, VWAP, and VIX according to your trading style. Enable or disable the metrics you want to see in the table by toggling the display options for each metric (e.g., Show TICK, Show BTC, Show SPY). Set the table placement to your preferred position on the chart. Interpret the Table: Look for color-coded cells to quickly identify significant changes or breaches of thresholds. Positive values are typically shown in green, negative values in red, and neutral/insignificant changes in gray. Use metrics like TICK and ADD to gauge market breadth and momentum. Refer to VWAP deviation to assess intraday buying or selling pressure. Monitor the VIX and US10Y changes to stay aware of macroeconomic and volatility shifts. Incorporate Into Your Strategy: Use the indicator alongside technical analysis to confirm setups or identify areas of caution. Keep an eye on correlated metrics (e.g., VIX and SPY) for broader market context. Use BTCUSD or DXY as additional indicators of risk-on/risk-off sentiment. Ideal Users: Day Traders: Quickly gauge intraday market conditions and momentum. Swing Traders: Identify broader sentiment shifts using metrics like ADD, DXY, and US10Y. Macro Investors: Stay updated on key macroeconomic indicators like the 10-Year Treasury yield (US10Y) and the US Dollar Index (DXY). This indicator serves as a comprehensive tool for understanding market conditions at a glance, enabling traders to act decisively based on the latest data.
Pine Script™ indicator
by rockregan
1
RODRIGUES / BB - EMAs - BMSBEste script combina vários indicadores amplamente utilizados na análise técnica para criar uma ferramenta robusta e personalizável. Bollinger Bands (BB): Calcula e exibe as bandas de Bollinger com base em médias móveis ajustáveis (SMA, EMA, SMMA, WMA, VWMA). Possibilidade de configurar o comprimento da média e o desvio-padrão. Preenchimento visual entre as bandas superior e inferior para facilitar a leitura. Médias Móveis Exponenciais (EMAs): Inclui 5 EMAs configuráveis com comprimentos independentes. Exibe as EMAs no gráfico com cores distintas para fácil identificação. suporte de mercado altista (Bull Market Support Band)
Pine Script™ indicator
by marcosR2
BETA - Enhanced Tech & AI Indicator v1.0This indicator combines technical analysis and volatility measures to generate BUY and SELL signals tailored for tech and AI sector stocks. It uses a combination of: Exponential Moving Average (EMA): Identifies the primary trend. Relative Strength Index (RSI): Detects overbought and oversold conditions. Standard Deviation Bands: Highlights price deviations from the EMA. Average True Range (ATR): Acts as a proxy for market volatility. Sudden Price Changes: Captures abrupt movements in price, often linked to market events. The script dynamically adapts to market conditions, filtering out signals during periods of high volatility and generating signals when opportunities arise. It is designed for precision in identifying buy and sell opportunities based on price movements, trend strength, and volatility levels. This indicator is ideal for traders who want a clear and actionable tool for trading in the tech and AI sectors while considering broader market dynamics.
Pine Script™ indicator
by efficientLion9850
Buy/Sell Signals for CM_Williams_Vix_FixThis script in Pine Script is designed to create an indicator that generates buy and sell signals based on the Williams VIX Fix (WVF) indicator. Here’s a brief explanation of how this script works: Main Components: Williams VIX Fix (WVF) – This volatility indicator is calculated using the formula: WVF = ( highest(close, pd) − low highest(close, pd) ) × 100 WVF=( highest(close, pd) highest(close, pd)−low ​ )×100 where highest(close, pd) represents the highest closing price over the period pd, and low represents the lowest price over the same period. Bollinger Bands are used to determine levels of overbought and oversold conditions. They are constructed around the moving average (SMA) of the WVF value using standard deviation (SD). Ranges based on percentiles help identify extreme levels of WVF values to spot entry and exit points. Buy and sell signals are generated when the WVF crosses the Bollinger Bands lines or reaches the ranges based on percentiles. Adjustable Parameters: LookBack Period Standard Deviation High (pd): The lookback period for calculating the highest closing price. Bolinger Band Length (bbl): The length of the period for constructing the Bollinger Bands. Bollinger Band Standard Devaition Up (mult): The multiplier for the standard deviation used for the upper Bollinger Band. Look Back Period Percentile High (lb): The lookback period for calculating maximum and minimum WVF values. Highest Percentile (ph): The percentile threshold for determining the high level. Lowest Percentile (pl): The percentile threshold for determining the low level. Show High Range (hp): Option to display the range based on percentiles. Show Standard Deviation Line (sd): Option to display the standard deviation line. Signals: Buy Signal: Generated when the WVF crosses above the lower Bollinger Band or falls below the lower boundary of the percentile-based range. Sell Signal: Generated when the WVF crosses below the upper Bollinger Band or rises above the upper boundary of the percentile-based range. These signals are displayed as triangles below or above the candles respectively. Application: The script can be used by traders to analyze market conditions and make buying or selling decisions based on volatility and price behavior.
Pine Script™ indicator
by Bekcoin
Scalping Strategy TesterStrategy Description: Scalping Strategy Tester The Scalping Strategy Tester is a highly focused intraday trading approach designed for quick trades based on technical indicators. It combines the use of Exponential Moving Averages (EMA), the Relative Strength Index (RSI), and the Moving Average Convergence Divergence (MACD) to identify optimal entry and exit points for short-term trades. This strategy is best suited for volatile markets where frequent price movements allow for rapid gains. Key Components Exponential Moving Averages (EMA): Short EMA (9-period): Tracks short-term price momentum. Medium EMA (21-period): Represents medium-term trend direction. A crossover between the two signals potential trend changes. Relative Strength Index (RSI): Evaluates the momentum and speed of price changes. Oversold Zone (<30): Indicates potential buy signals. Overbought Zone (>70): Indicates potential sell signals. Moving Average Convergence Divergence (MACD): MACD Line and Signal Line: Measures momentum shifts. A bullish crossover (MACD > Signal) confirms upward momentum. A bearish crossover (MACD < Signal) confirms downward momentum. Trading Rules Long Entry (Buy): Condition: The short EMA crosses above the medium EMA. RSI is below 30 (oversold). MACD Line is above the Signal Line. Action: Open a long position. Short Entry (Sell): Condition: The short EMA crosses below the medium EMA. RSI is above 70 (overbought). MACD Line is below the Signal Line. Action: Open a short position. Exit Rules: Long Position: Close when the short condition is met. Short Position: Close when the long condition is met. Visual Aids Blue Line: 9-period EMA for short-term trend tracking. Red Line: 21-period EMA for medium-term trend tracking. The relationship between these lines helps identify trend changes and trading opportunities. Advantages Quick identification of high-probability trades using multiple confirmations (EMA, RSI, MACD). Designed for fast-paced trading environments, making it ideal for scalping. Simple exit rules reduce emotional decision-making. Use Cases This strategy works best for scalping in markets with high liquidity and volatility, such as cryptocurrency or forex markets, where rapid price changes create frequent trading opportunities. It can be applied effectively on shorter timeframes, like 1-minute or 5-minute charts. Disclaimer This is a technical strategy designed for educational purposes. Backtest thoroughly on demo accounts before deploying with real funds. Always account for slippage, transaction costs, and market conditions.
Pine Script™ strategy
by arham786ch