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Breadth Indicators

Alex trading stragedyOverview This script, named "ALEX TRADING STRATEGY", is a technical trading strategy designed for new investing groups. It uses a combination of various technical indicators to identify potential buying and selling opportunities in the market. The script includes the Relative Strength Index (RSI), Simple Moving Averages (SMA), Exponential Moving Averages (EMA), and Higher High Lower Low (HHLL) strategies to create a complete trading solution. The user can change the position from long to short in the Input Settings. The script uses bar colors to indicate the current trading position. The script also has exit strategies to help manage the open trades. The user can also set the period for the various indicators used in the strategy. The script provides various technical indicators and entry/exit signals to make the trading decision easier for the user. It also includes pivot lines, resistance and support levels to help the user make a more informed decision. This Pine script implements a multi-indicator trading strategy that combines several technical analysis techniques for making trading decisions. The script uses the Relative Strength Index (RSI) to determine overbought and oversold conditions in the market and plots the RSI values on the chart. The RSI values above 70 are considered overbought and plotted as red upward triangles, while the RSI values below 30 are considered oversold and plotted as green downward triangles. The script also calculates Simple Moving Averages (SMAs) with the user-defined period and plots them along with the Exponential Moving Averages (EMAs) of 20, 50, and 100 periods. Based on the crossover of the close price and the moving averages, the script enters long or short trades. The script sets the trade exit conditions as the low or high crossing the lower or upper band, respectively. In addition to the moving average crossover, the script uses the highest high and lowest low over a user-defined period to determine long and short entries. The script plots the long and short conditions on the chart as green upward and red downward triangles, respectively. The script allows the user to switch between long and short trades by changing the input settings. Finally, the script changes the bar colors based on the trade direction, with green bars indicating a long trade, red bars indicating a short trade, and blue bars indicating no trade. Overall, this Pine script provides a comprehensive trading strategy that combines several technical analysis techniques to make informed trading decisions. HOW TO USE Input Settings: In the Input Settings section, you can change the long to short position. You can also change the period value (default is 10) used to calculate the Simple Moving Average (SMA) for the Keltner channel. Indicators: The script uses RSI (Relative Strength Index) with 14 periods as well as multiple EMAs (Exponential Moving Averages) with periods 20, 50, and 100 to help in making trading decisions. Entry Signals: The script uses two main entry signals: (1) Keltner Channel and (2) HHLL (High-Low). When the closing price crosses above the upper band of the Keltner channel, the script generates a long signal, and when the closing price crosses below the lower band of the Keltner channel, the script generates a short signal. The HHLL strategy generates a long signal when the current high crosses above the highest high of the last "nPeriod" bars, and generates a short signal when the current low crosses below the lowest low of the last "nPeriod" bars. Exit Signals: The script uses two exit signals: (1) Stop Loss based on Keltner channel and (2) Profit Target based on Keltner channel. The script exits the long position when the closing price crosses below the lower band of the Keltner channel, and the script exits the short position when the closing price crosses above the upper band of the Keltner channel. To use this script, you will need to have access to a trading platform that supports PineScript, such as TradingView, and attach the script to a chart. The script will then automatically generate entry and exit signals based on the rules described above. It's important to note that this script is just a tool and not a guarantee of profit. As with any trading strategy, it's important to thoroughly test and understand the script before using it for live trading.
Pine Script™ strategy
by Alex_le_Grand
1
Market Structure Double BOS Confirm 🔥 Overview 🎯 This Double BOS(Break Of Structure) Confirm indicator combined ma-based BOS and classic BOS to achieve a more credible BOS signal . it works well in most symbols with 2 parameters finetune. 🎯 It's a enhanced version compare with previous script. 🎯 at the same time, I keep D-BOS and BOS separately, you can use them in combination freely. 🔥 Indicator design logic 🎯 there are 3 parts in this indicator. Part 1: MA-Based BOS 1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under, not use func ta.pivothigh()/ta.pivotlow() 2. once price reaching EMA’s SWING High/Low, draw a line link High/Low to current bar, labled as BOS 3. more MA-Based BOS details can get from my previous script. Part 2: Classic BOS 1. use pivothigh/low function to find pivot (decided by left/right swing length) 2. when get new pivothigh, compare with previous high, calculate HH/LH/HL/LL result 3. once bar closed and break pivothigh then labed as BOS Part 3: Double BOS Confirms 1. when MA-Based BOS and Classic BOS occured at the same bar closed signed as D-BOS 2. when two BOS events one bar apart, signed as D-BOS 🔥 Settings 🎯 there are 13 input properties in script, 4 properties(Bold field) have an impact on the results and the other 9 show display effects. GRP1 MA_Type : MA type you can choose(EMA/RMA/SMA/HMA/WMA/VWMA), default is HMA short_ma_len : MA length of your current timeframe on chart, default 30 show_ma_bos_line: whether show ma-based BOS line, default false GRP2 left_swing_len : pivothigh(source, left,right), it‘s left swing length right_swing_len : right swing length show_pivot_bos_line: whether show pivot-based BOS line, default false GRP3 show_double_bos_line: show double_bos_line, default true double_bos_linewidth: linewidth, default 2 (Bold line) double_bos_linestyle: default Dashed 🔥 Usage 🎯 BOS signal usually worked fine in high volatility market, low volatility is meaningless. 🎯 D-BOS will filtered much more signals than ma-based BOS and classic BOS We can see that it performs well in trending market of different symbols, and BOS is an opportunity to add positions, D-BOS will filtered much more signals Double-BOS Confirm : BINANCE:BTCUSDTPERP 30m MA-Based BOS : BINANCE:BTCUSDTPERP 30m 🎯 Support classic HH/HL label, MA-Based Zigzag 🎯 You can use only D-BOS, MA-BOS or Classic-BOS alone, or D-BOS and one of the other, it's up to you, but my personal preference is to use D-BOS and MA-BOS in combination 🎯 any questions or suggestion please comment below, I would appreciate it greatly. Additionally, I plan to publish 20 profitable strategies in 2023; indicatior not one of them, let‘s witness it together! Hope this indicator will be useful for you :) enjoy! 🚀🚀🚀
Pine Script™ indicator
by liwei666
6
Market TrendThis indicator show how is the trend of 40 stock in SET Index Thailand ordered by market capitalization. RSI, Moving Average and MACD is used to calculate vale of each stocks. The trend will be assigned and cumulative as 1 represent uptrend while -1 represents downtrend. For example RSI If RSI > RSI moving average, it will be uptrend and return 1. If RSI < RSI moving average, it will be downtrend and return-1. The calculation will return positive and negative of total 40 stocks (or other tickers). If positive is greater than negative, it mean that the market is uptrend and vise versa. Here some examples RSI Moving Average MACD You can change to other tickers. Enjoy..
Pine Script™ indicator
by morzor61
2
Bounce Price Detector ~ By mohx_404꧁༺ 𝓑𝓸𝓾𝓷𝓬𝓮 𝓟𝓻𝓲𝓬𝓮 𝓓𝓮𝓽𝓮𝓬𝓽𝓸𝓻 𝓘𝓷𝓭𝓲𝓬𝓪𝓽𝓸𝓻 ༻꧂ * Hi everybody here's the ★彡 𝓑𝓸𝓾𝓷𝓬𝓮 𝓟𝓻𝓲𝓬𝓮 𝓓𝓮𝓽𝓮𝓬𝓽𝓸𝓻 𝓘𝓷𝓭𝓲𝓬𝓪𝓽𝓸𝓻 彡★ indicator and how to use it : 彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡 First : Depending on Pivot (HH,LL), the two possible price Correction appears on chart if the price under the Correction levels it would be a Resistance levels and to entry there candle must close above the levels, you can use Replay Mod to get the previous price Correction levels And Here's Some Example : The price make a new HH,LL and new levels appears on chart but the price didn't confirm a bounce signale and close above the first level So in next candle the price brake the levels and drop down : Then a new HH,LL and new levels appears on chart and the price back to the lower levels as a Resistance Levels but when it's close above the levels and test it again it become a Support levels and price bounce again Here's another example when price go above the levels , test it and bounce again About The levels : depending on Fibonacci golden rate ░▒▓█ 𝐍𝐨𝐭𝐞 : You could change the pivots the value 10 for low time frame and scalping for higher time frame you could increase the pivots value or keep it as you want █▓▒░
Pine Script™ indicator
by mohx_404
7
TICK Divergence + Heikin Ashi [Pt]This indicator identifies divergence between NYSE TICK and price, displays TICK in line, bar, or Heikin Ashi format, calculates various types of moving average lines and shows moving average crossovers. What is TICK NYSE TICK, also known as the TICK index, is a technical analysis indicator that shows the number of stocks on the New York Stock Exchange (NYSE) that are trading on an uptick or a downtick in a particular period of time. The TICK index is calculated by subtracting the number of stocks trading on a downtick from the number of stocks trading on an uptick. A reading of +1000 on the TICK index, for example, would indicate that there are 1000 more stocks trading on an uptick than on a downtick. The TICK index is often used as a measure of market sentiment, as it can provide insight into whether there is more buying or selling pressure in the market at a given time. A high TICK index reading may suggest that there is strong buying pressure, while a low TICK index reading may indicate that there is more selling pressure in the market. The TICK index is usually very volatile, so this indicator is best suited for lower timeframes, such as 1 to 5 min charts. Features 1) Shows bullish, bearish, hidden bullish and hidden bearish divergences 2) Three display modes for TICK data: Line, Bar, Heikin-Ashi 3) Plot various moving average lines and crossovers. Overall background 4) Configurable significant zones. Background colors will change based on closing TICK value.
Pine Script™ indicator
by PtGambler
10
Deemer Breakaway Momentum ThrustBreakaway momentum is a "breadth thrust" coined by Walter Deemer in the 1970s that occurs when the ten-day total advances on the NYSE are greater than 1.97 times the ten-day total NYSE declines. This indicator calculates the ratio and plots it as a histogram. The 1.97 threshold is also plotted as a horizontal line. Anytime the histogram gets above the line Breakaway Momentum has occurred. This is a rare signal that has only happened 25 times since 1945.
Pine Script™ indicator
by Amphibiantrading
13
Market Structure MA Based BOS [liwei666] 🎲 Overview 🎯 This BOS(Break Of Structure) indicator build based on different MA such as EMA/RMA/HMA, it's usually earlier than pivothigh() method when trend beginning, customer your BOS with 2 parameters now. 🎲 Indicator design logic 🎯 The logic is simple and code looks complex, I‘ll explain core logic but not code details. 1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under, not use func ta.pivothigh()/ta.pivotlow() 2. once price reaching EMA’s SWING High/Low, draw a line link High/Low to current bar, labled as BOS 3. find regular pattern benefit your trading. 🎲 Settings 🎯 there are 4 input properties in script, 2 properties are meaningful in 'GRP1' another 2 are display config in 'GRP2'. GRP1 MA_Type: MA type you can choose(EMA/RMA/SMA/HMA), default is 'HMA'. short_ma_len: MA length of your current timeframe on chart GRP2 show_short_zz: Show short_ma Zigzag show_ma_cross_signal: Show ma_cross_signal 🎲 Usage 🎯 BOS signal usually worked fine in high volatility market, low volatility is meaningless. 🎯 We can see that it performs well in trending market of different symbols, and BOS is an opportunity to add positions BINANCE:BTCUSDTPERP BINANCE:ETHUSDTPERP 🎯 MA Based signal is earlier than pivothigh()/pivotlow() method when trend beginning. it means higher profit-loss rate. 🎯 any questions or suggestion please comment below. Additionally, I plan to publish 20 profitable strategies in 2023; indicatior not one of them, let‘s witness it together! Hope this indicator will be useful for you :) enjoy! 🚀🚀🚀
Pine Script™ indicator
by liwei666
6
[TTI] Ned Davis Thrust Signal HISTORY AND CREDITS––––––––––––––––––––––––––––––––––––––––––––––––––––––– The indicator is inspired by studies from Ned Davis' NDR Institutional Service. I have shared before the backtest of this indicator, and now have coded it for TradingView so that you can have it on your charts. WHAT IT DOES–––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– Thrust indicator gave a BUY signal with NYSE advancing stocks leading declining stocks by better than 1.91 to 1 over the last 10 trading sessions and a SELL signal when the ratio is less than 0.5 HOW TO USE IT––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– I use the indicator as a gauge tool, in other words it is a piece of the puzzle to justify bullish or bearish trades. I put this type of analysis in my secondary tools that give me additional confidence for market direction and aggressiveness in my trading
Pine Script™ indicator
by TintinTrading
2
On Balance Volume Scaled - OBV ScaledThe main idea of this oscillator is to place the OBV oscillator and its oscillation around the range of 0 and around -50 to +50 and for this scaling of the "On Balance Volume" oscillator, I have used Min-max normalization. Since this oscillator does not have a specific minimum and maximum, just setting the maximum and minimum does not seem the best thing to do. As in this case, we will constantly observe sudden changes and we will have problems such as volatility. On the one hand, we will constantly deal with sudden changes and problems such as volatility. Also on the other hand, the continuous collisions of the high/low(+50 & -50) and index and returning from that is another thing that we are going to deal with. Therefore, to solve these problems and create more flexible maximum and minimum ranges, another similar method has been used. Choosing the maximum of our normalization to the size of the moving average of 100 candles of the index maximum and choosing the minimum of normalization to the size of the moving average of 100 candles of the minimums of the OBV index, and then normalizing the OBV index with the Min-max method with those ranges, is the recommended method ,which has been used to eliminate problems. In this case, we will not have any problem hitting 50 and returning or hitting -50 and returning. Also, our scaled OBV index will have the ability to touch and cross 50 and -50 and can fluctuate without problems.
Pine Script™ indicator
by Saleh_Toodarvari
Cuban's Range PositioningCuban's Range Positioning is the primary backbone of Cuban's Asset Screener and a fantastic standalone market screening tool. Range Positioning allows the trader to monitor the positioning of over 200+ Binance and Bybit Futures assets within a single window, with a standard measurement of performance, and also with custom watchlist support. The range calculation itself uses the unique logic of Cuban's Donchian Suite, retaining highs and lows until the opposite side of the range is tagged. When viewed historically, the Range Positioning screener allows traders to monitor any assets that are continually pushing range highs and lows, identify outliers, and track trending sectors relative to the rest of the market. This script makes this identification easier for the user by making assets that aren't approaching highs or lows, transparent. Included within this indicator is the option to redenominate the quote asset of all assets on screen using the current chart ticker. Within the user inputs, the user gains the ability to customize the following: Range lookback Asset redenomination Location of the asset table Percentage of assets highlighted or made transparent Dynamic labelling offset Over 200+ Binance and Bybit Futures assets TO DO: Customize number of assets on screen Allow values beyond the initial range
Pine Script™ indicator
by cubantobacco
Market Breadth: Trends & BreakoutsVisualize the percentage of stocks in an index participating in trends and breakouts/breakdowns. The default data source is the S & P 500: the percent of stocks above/below the 200 and 50 day moving averages, and the percentage of stocks making new 52 week breakouts/breakdowns. You can pick new data sources in the settings. The blue band represents the percentage of stocks above/below the 200 day moving average. (It's always 100% in width, unlike say Bollinger bands). The thin blue lines are the same but for the 50 day moving average. The red and green areas represent the percentage of stocks making new 52 week highs/lows. In the example chart you can see a divergence between the market as a whole which continues up and to the right throughout 2021, where as fewer and fewer stocks were above their own 200 day moving average, causing the blue band to trend down. Before the market turns beginning 2022 you can see more stocks making new 52 week lows, even as other stocks make 52 week highs. After the market tops, the percentage of 52 week lows intensifies and the percentage of stocks below their 200 day moving average is already over 50%.
Pine Script™ indicator
by groks
Aggregated OBVWhat is it? This OBV is a replacement for previous scripts i have issued which produced a combined OBV for Bitcoin and ETH using multiple exchanges. When combined volume is selected, it will pick up volume across major crypto exchanges and use them together to produce a combined OBV. There is also the added functionality of enabling users to choose the quoted price rather than the volume of coins traded.. i.e. showing the USD impact (or whatever the denominator currency is) There is also the added function of divergences added. The combined volume function will only work for crypto exchanges - de-select if not reviewing crypto The quote price will work for any asset selected. Other than the additional functionality, the indicator should be used in TA as per normal OBV analysis. Exchanges Considered: BITFINEX COINBASE BITSTAMP KRAKEN BINANCE GEMINI HOUBI KUCOIN OKEX BITTREX Thanks to eAkosKovacs for help in making the code more robust.
Pine Script™ indicator
by filbfilb
9
Distribution DaysWhat is Distribution Day? A distribution day is when a market representative index (for example, Nifty 50) loses more than 0.2 percent in a day, with volume higher than that of the previous session. When a distribution day occurs, it hints that big institutional investors are exiting or reducing their positions in the market. Institutional activity is what moves any market, especially in India where retail participation is small. How does it help in sensing market weakness? When the market is in an uptrend, the intensity of market weakness is determined by the distribution day count. An investor keeps count of all valid distribution days (as per above definition) during an uptrend. A distribution day count of 2-3 is benign and usually normal in an uptrend. But when the count goes to 5-6, one should prepare to get his/her positions trimmed. Distribution Day Expiry: ven though a distribution day hints that institutions may be liquidating their positions, it loses its impact after 25 trading sessions. A distribution day is also removed from the count after the index rallies 5 percent above that day’s close.
Pine Script™ indicator
by Neeshant112
2
Market Stop LightThis indicator shows two signals to help gauge the health of the market. The first is where the price of the Nasdaq is in relation to a selectable moving average (default is the 21 ema) and the second is based on the number of net new highs and lows on the Nasdaq. Price vs MA Price is above a rising moving average = 🟢 Price below a falling moving average = 🔴 Price above a falling moving average or below a rising moving average = 🟡 Net highs / lows signal 3 days in a row of net new highs = 🟢 3 days in a row of net new lows = 🔴 Between 3 days either way = 🟡 Configurable options: - Which moving average to use - Option to show signal history - Where to display current data on the chart - Table size
Pine Script™ indicator
by Amphibiantrading
11
[Pt] TICK + Heikin Ashi RSI IndicatorThis indicator combines NYSE TICK and RSI to aim to provide a view of NYSE market trend strength. What is TICK NYSE TICK, also known as the TICK index, is a technical analysis indicator that shows the number of stocks on the New York Stock Exchange (NYSE) that are trading on an uptick or a downtick in a particular period of time. The TICK index is calculated by subtracting the number of stocks trading on a downtick from the number of stocks trading on an uptick. A reading of +1000 on the TICK index, for example, would indicate that there are 1000 more stocks trading on an uptick than on a downtick. The TICK index is often used as a measure of market sentiment, as it can provide insight into whether there is more buying or selling pressure in the market at a given time. A high TICK index reading may suggest that there is strong buying pressure, while a low TICK index reading may indicate that there is more selling pressure in the market. By default, I am using -800 and 800 for oversold and overbought levels. These are configurable. Also, this indicator includes TICK divergence signals. The TICK index is usually very volatile, so this indicator is best suited for lower timeframes, such as 1 to 5 min charts. Idea of TICK neutral zone As part of this indicator I've identified what I consider as "neutral" range for the TICK. Based on my own personal experience, the market tends to be in consolidation or choppy in this range. By default, I've defined this range to be -200 to 200. This range is configurable. Signals In combination with RSI and Heikin Ashi RSI (HARSI), which help smooths out the RSI values and make it easier to identify trends and potential reversal points, this indicator aims to generate Bullish vs Bearish signals based on the following conditions: - bullish / bearish HARSI candle - Inside bar on HARSI candle - TICK trend (above or below Neutral zone) - RSI trend (above or below 0, but not overbought or oversold) - RSI / HARSI convergence and divergence When all bullish conditions are met, the signal turns bright green. Bright red when all bearish conditions are met. These generated signals aims to provide users easy to read visual cues to help with their trades. A table is also provided in attempt to identify the trend in real time: TICK trend: - Bullish, Extended - Bullish - Neutral w/ Bullish bias - Neutral w/ Bearish bias - Bearish - Bearish, Extended RSI: - Bullish - Bearish Note on scale This indicator is based on the scale for TICK, hence the RSI and HARSI are scaled. By default, standard overbought RSI value of 70 = 800 on this scale, whereas oversold value of 30 = -800. Credits: Heikin Ashi RSI code was borrowed from @JayRogers - Heikin Ashi RSI Oscillator
Pine Script™ indicator
by PtGambler
17
Liquidation Levels - By LeviathanThis indicator generates liquidation levels of over-leveraged traders and utilizes a variety of different tools to analyze data such as Open Interest and Volume to provide an edge in your trading system and help you with valuable market insights. The concept of this indicator is inspired by the platform Hyblock and their Liquidation Levels tool. The script offers a lot of flexibility in settings, so please read these instructions and test out different parameters to see what works best for you. Here is a short overview of all inputs, one by one. PRIMARY SOURCE OF DATA This input allows you to choose the primary source of data that the script uses to calculate liquidation levels. I encourage you to test them all and see which works best for the assets and timeframes you trade. You can also regularly switch between to see confluences. My personal favorite inputs (and also most accurate ones) are Open Interest, Open Interest + Volume (OI+VOL), and Open Interest + CVD (OI+CVD), as they utilize Open Interest in the calculations, which is the most important factor when it comes to analyzing position opening/closing and market activity in general. The other options that do not include Open Interest (Volume, CVD) were mainly added to provide the possibility to use the indicator on pairs where OI data is not available. Please note that this indicator is built on Tradingview and can only use data (e.g., Open Interest) provided by Tradingview, which is unfortunately quite limited. This is why I recommend using the script with OI-based data source inputs on Binance's perpetual futures pairs, as this is where OI data is available. The volume-based data source inputs can be used on spot pairs, forex, indices, and other markets, where Open Interest data is not provided. To summarize the use of Primary Source of Data input: 1. Open Interest - use on Binance’s perpetual futures or anywhere else where OI data is available 2. OI + VOL - use on Binance’s perpetual futures or anywhere else where OI data is available 3. OI + CVD - use on Binance’s perpetual futures or anywhere else where OI data is available 4. CVD - use on any pair you wish 5. Volume - use on any pair you wish DIRECTIONAL BIAS If turned on, the Directional bias function uses volume and some other calculations to predict which side’s liquidation levels are more likely to be filled and only keep those levels on your chart. - Directional Bias for Liquidation Levels Turned ON: only one side’s liquidation levels are shown on the chart Turned OFF: all liquidation levels are shown on the chart - Directional Bias for Liquidation Level Bubbles Turned ON: only one side’s liquidation level bubbles are shown on the chart Turned OFF: all liquidation level bubbles are shown on the chart I've separated directional bias options between Liquidation Levels and Liquidation Level Bubbles because sometimes it can be useful to have one of them ON and the other one OFF. REDUCE SENSITIVITY The Reduce Sensitivity option allows you to multiply the thresholds for "Smaller Size Liquidation," "Medium Size Liquidation," and "Large Size Liquidation" simultaneously. This is a useful feature as it enables you to easily filter larger positions and their liquidations without having to manually alter the standard deviation multipliers, which will be discussed in further detail later in the article. The default value is 1, which means that it does nothing. Increasing it above 1 will increase all thresholds and therefore generate fewer liquidation levels but with larger relative sizes. Decreasing it below 1 will lower all thresholds and therefore generate more liquidation levels but with both smaller and larger relative sizes. BASE This input gives you the possibility to choose between four different bases, from which the liquidation levels will be generated. CLOSE ⇒ Levels are plotted above and below the close of the candle HALF ⇒ Levels are plotted above and below the middle of the candle ((high+low)/2) VWAP ⇒ Levels are plotted above and below the volume-weighted average price VWMA ⇒ Levels are plotted above and below the volume-weighted moving average I suggest that you backtest them and see what works best for you. LIQUIDATION LEVEL BUBBLES If enabled, "Liquidation Level Bubbles" mark the beginning of a new liquidation level and indicate the relative size of liquidations that would occur if the price were to reach that level. Liquidation Bubbles or Liquidation Levels in general appear when there is a large influx of new positions and logically, (significant) new positions lead to (significant) new liquidation levels. Liquidation Bubbles can be used to estimate the size and therefore significance of a given liquidation level. It could be argued that the price is more likely to be attracted to larger Liquidation Level Bubbles. While this is often true, it is not always the case as the strong momentum created by large positions can sustain for a prolonged period before reversing and filling the remaining levels Similarly to other features in this indicator, significant new positions are identified and filtered using standard deviation thresholds and their multipliers. New positions are considered significant when newly opened positions exceed the threshold for "Smaller Size Liquidation," leading to the creation of new liquidation levels and bubbles. 1. If new positions exceed the first standard deviation multiplier ("Smaller Size Liquidation Level"), but do not exceed “Medium Size Liquidation Level”, a smaller-sized bubble appears. 2. If new positions exceed the second standard deviation multiplier (”Medium Size Liquidation Level”), but do not exceed “Large Size Liquidation Level”, a medium-sized bubble appears. 3. If new positions surpass the third standard deviation multiplier (”Large Size Liquidation Level”), a large-sized bubble appears. Significant opened positions are identified and filtered by size using three "thresholds" in the form of standard deviations, which can be modified in the indicator settings, in the section called "Standard Deviation Multipliers". **Increasing** the standard deviation multipliers of Liquidation Level Bubbles effectively increases the threshold for a given bubble to occur, making the conditions for its appearance stricter. ⇒ Fewer Liquidation Levels - just larger positions are included **Decreasing** the standard deviation multipliers of Liquidation Level Bubbles effectively decreases the threshold for a given bubble to occur, making the conditions for its appearance looser. ⇒ More Liquidation Levels - smaller positions are included Keep in mind that this should always be the case: *Smaller Size Liquidation Level < Medium Size Liquidation Level < Large Size Liquidation Level* MARKET ORDER BUBBLES "Market Order Bubbles" is my experimental concept used as a way to analyze large volumes and visualize the market activity at significant levels under certain conditions. It is based on my imitation of CVD which is also used in other parts of the script. The aim of this concept is to give you an idea about the real-time heavy market buying and selling, which could indicate eg. large liquidations, large entries/exits. in order to add confluence to your analysis. Please note that this concept is still in its early stages and may be confusing as it might have been poorly implemented. I recommend taking the time to thoroughly read through this section in order to fully understand it. On the other hand, early backtesting results appear very promising, as the win rate of countertrading buy and sell bubbles under certain conditions was fairly high (70%). I will continue working on this tool, so stay tuned for future updates. **Market Buy Order Bubbles** appear above the price and possibly signal the following: - Short positions being liquidated (exit short = buy order) - New traders entering late longs based on FOMO (enter long = buy order) - New short positions (sells) of “smarter” traders absorbing liquidated/closed shorts (buys) ⇒ Possible reversal to the downside - look for the liquidation levels of longs to get filled **Market Sell Order Bubbles** appear below the price and possibly signal the following: - Long positions being liquidated (exit long = sell order) - New traders entering late shorts based on FOMO (enter short = sell order) - New long positions (buys) of “smarter” traders absorbing liquidated/closed longs (sells) ⇒ Possible reversal to the upside - look for the liquidation levels of shorts to get filled significant volumes are identified and filtered using three “thresholds” in the form of standard deviations, which can be modified in indicator settings. 1. If buy/sell volume surpasses the first standard deviation (”**Smaller Size Market Orders**”), then the **smaller-sized bubble** appears. 2. If buy/sell volume surpasses the second standard deviation (”**Medium Size Market Orders**”), then the **medium-sized bubble** appears. 3. If buy/sell volume surpasses the third standard deviation (”**Large Size Market Orders**”), then the **large-sized bubble** appears. **Increasing** the standard deviation multipliers effectively increases the threshold for a given bubble to appear, making the conditions for its occurrence more strict. **Decreasing** the standard deviation multipliers effectively decreases the threshold for a given bubble to appear, making the conditions for its occurrence more strict. Keep in mind that this should always be the case: *Smaller Size Market Orders < Medium Size Market Orders < Large Size Market Orders* COLOR CANDLES The Color Candles function is a useful and interesting feature that will enhance your analysis with additional context. If enabled, the indicator will color the chart's candles based on different data. Currently, there are three options to choose from, with more to be added in future updates. Color Candles: OI DELTA This option will color the candles to reflect Open Interest Delta. If there is a net increase in open positions (positive Open Interest Delta), the candle will be colored green. If there is a net decrease in open positions (negative Open Interest Delta), the candle will be colored red. It is important to note that this option only functions on pairs for which Tradingview provides OI data Color Candles: VOLUME This option utilizes volume data to help you identify the trend and momentum, coloring the candles accordingly - upward impulses are colored green and downward impulses are colored red. This makes it easier to recognize trend reversals and adjust your directional bias accordingly. Color Candles: STOCH This option uses the Stochastic Oscillator and SMA to color the candles, helping you identify momentum as upward green moves transition to downward red moves and vice versa. LEVERAGE RATIO Leverage ratio is another experimental concept I have added to this script. If turned on, it provides a broad insight into whether the market is relatively over-leveraged or if the leverage is relatively low. The aim is to use it as a confluence in anticipating incoming volatility and possibly use it to understand other aspects of market activity. It is still in its early stages of development and needless to say, it only works on pairs where Open Interest data is provided by Tradingview. Crosses above price = Leverage is relatively high Crosses below price = Leverage is relatively low MARKET INFO SCREENER, LEVEL LEGEND, HIDE FILLED LINES The last three inputs of Basic Settings section: ”The Market Info Screener” feature will display a small panel on the right side of your chart that provides useful data about the market, including Open Interest, Volume, the aggressive side of traders, and the Leverage Ratio. More data coming in future updates. "Level Legend" option will display a small legend on the right side of the chart, helping you or others viewing the chart to understand what the objects on the chart mean. "Hide Filled Lines" option will hide liquidation levels that have already been filled, only displaying the active ones in order to reduce clutter on your chart. APPEARANCE The “Appearance” settings offer a variety of modifications for colors, styles, and visibility. The "Line Style" input allows you to choose the style and width of the liquidation level lines. You can also select which levels to display, as well as the color of the liquidation level lines and bubbles. The "Max Number of Lines" input allows you to specify the number of level lines you want on a chart. If you feel that there is too much clutter, you can decrease this number, and old lines will be removed. Please note that Tradingview has a built-in limit of 500 lines on a given chart, so this value cannot be set above 500. The "Market Buy/Sell Bubble Style" input can be used to modify the color and style of the market order bubbles. Enabling the "Show Settings Screener" option will display a screener with a list of all your settings on the right side of the chart, making it easier to share your preferred settings with others." STANDARD DEVIATION MULTIPLIERS This is where you can set the standard deviation thresholds for Liquidation Levels and Market Order Bubbles. These values can be customized to your preference, as the default values may not be suitable for your needs or you may want to experiment with different values to see more or fewer liquidation levels or market order bubbles on your chart. Personally, I sometimes use this feature to increase the Large Size Market Orders or Large Size Liquidation Levels multipliers so that large-sized bubbles are only assigned to extremely large positions or volumes. If you want to only analyze larger positions or volumes, you can increase the "Smaller Size" multipliers, which act as a minimum threshold. If you also want to include even smaller positions or volumes in your analysis, you can decrease the values of the "Smaller Size" multipliers, which act as a minimum threshold Please note that the "Reduce Sensitivity" option in Basic Settings affects the standard deviation multipliers of the liquidation levels. Changing the "Reduce Sensitivity" value will equally multiply all of them (the ratio between Smaller, Medium, and Large multiplier values will remain the same) STANDARD DEVIATION LENGTH "Standard Deviation Length" defines the length (number of bars) used in all calculations that utilize the standard deviation function in this script. Decreasing it will generate Liquidation Levels and Liquidation Bubbles based more on recent data. Increasing it will generate Liquidation Levels and Liquidation Bubbles based on more long-term data. CVD LENGTH "CVD Length" refers to the length used in calculating cumulative volumes. Decreasing it will generate Liquidation Levels, Market Order Bubbles, and apply Directional bias based more on recent data. Increasing it will generate those based on more long-term data." LEVEL CALCULATION MODES “Level Calculation Modes” enable you to switch between three modes of calculating the distance between the base and actual liquidation levels. COPYRIGHT "Copyright" option will add your username to the copyright section at the bottom of the chart, giving you credit for your analysis if you post it somewhere.
Pine Script™ indicator
by LeviathanCapital
124
(CM|DB) Caruso Market DashboardThe Caruso Market Dashboard (CM|DB) provides a snapshot of key US market data, market internals (breadth), and economic statistics. It displays real-time prices of seven major markets along with daily updates of the put/call ratio and multiple breadth measurements. Lastly, it displays the Federal Reserve’s balance sheet and 4-week change of assets held to help investors keep abreast of important FED changes in policy. Presented for both the Nasdaq and NYSE composites and updated at the end of each trading day, the market breadth section shows: · the number of net 52-week highs and lows · the actual number of new 52-week highs and 52-week lows. · The percentage of volume traded on up stocks vs. total volume · The percentage of stocks advancing vs. all stocks · Percentage of stocks above their 5-day average · Percentage of stocks above their 50-day average · Percentage of stocks above their 200-day average In addition to presenting all of this valuable information in a table, users can hide the table and plot each market and economic data point. This is very helpful when viewing trends as well as overbought and oversold levels for these data points.
Pine Script™ indicator
by CarusoInsights
TICK Grid (TheMas7er)█ OVERVIEW Shows the NYSE Tick Index, as it is used by TheMas7er . This indicator has several customization options built-in that can be configured:  • Positive and negative threshold levels with show/hide option and color selection.  • Zero line with show/hide option and color selection.  • Bar colors are fully customizable.  • Symbol can be changed. Default is USI:TICK for the New York Stock Exchange. Tick Indices are available in TradingView as a symbol - just like any other stock - which you can show on a chart. This script adds a pane with your selected Tick Index, which can then be used as an indicator to make short-term trading decisions. █ CONCEPTS The Tick Index is a short-term barometer of internal market strength. It shows the number of stocks trading on an uptick minus the number of stocks trading on a downtick, and is used by day traders to view the overall market sentiment at a given point in time. It's categorized as a Breadth Indicator because it analyzes the "Breadth and Scope" of an entire Index. Since the Tick Index measures the up/down ticks of a universe of stocks, any collection of stocks (market,index,...) could theoretically have it's own Tick Index. Some of the major Tick Indices are:  • USI:TICK for the New York Stock Exchange  • USI:TICKQ for Nasdaq  • USI:TICKI for the Down Jones
Pine Script™ indicator
by bmistiaen
12
Market Breadth - Secondary IndicatorMarket Breath is the equilibrium between number of stocks in advance to those in a decline, in other words a method to determine the current market environment. In a positive phase bullish setups will have improved probabilities and presence, whereas in a bearish phase the opposite would be true. The primary indicator is the main tool used to identify whether the market is favorable for bullish- or bearish setups. The secondary indicator is complementary, with the purpose to calculate the intensity of each phase. In other words, overbought or oversold conditons. The calculations are made based on the MMFI (% of stocks above 50 DMA). - Red Column: Value below 21 would be considered oversold, where 10 < would be extreme / capitulation. - Green Column: Value above 72 would be considered overbought, however in a stable bullish phase would on the contrary indicate positive acceleration. There are also prints of dots that are created around / end of these extremes, which can indicate a reversal attempt. This will be printed when there is a countertrend move in the MMFI, VIX and SPY from an extreme value. - Red Dots: Countertrend (down expansion) from a bullish phase. - Green Dots: Countertrend (up expansion) from a bearish phase. - Black Dots: Countertrend (up expansion) from an extreme / deep bearish phase. How To Use Use the primary indicator to note whether the market is more favorable for bullish- or bearish setups. Then look at the secondary breadth indicator and note whether there are extreme numbers and take that into account with a discretionary perspective. Example In case the market is in a bearish phase, have extended to the downside for several weeks and the primary breadth indicator is bearish. But he secondary show oversold levels with reversal prints, one should consider to be more careful on short side to risk of mean reversion. In simple terms these can be used to determine whether the current market is appropriate for selected setups.
Pine Script™ indicator
by Market-Core
1
Market Breadth - Primary IndicatorMarket Breath is the equilibrium between number of stocks in advance to those in a decline, in other words a method to determine the current market environment. In a positive phase bullish setups will have improved probabilities and presence, whereas in a bearish phase the opposite would be true. The primary indicator measure the trend in SPY and correlation between different EMA's. - Green Columns: Positive Breadth - Red Columns: Negative Breadth This indicator can be combined with the secondary breadth indicator to further note excessive movement and risk of mean reversion.
Pine Script™ indicator
by Market-Core
3
Session High and Low IndicatorThis script is meant for stocks that have a pre-market session. It is meant to be used on the 1 min time frame. This script will draw a green line at the high of pre-market, and a red line at the low of pre-market and extend these lines across the regular session day This makes it easy to see if price action during regular market has broken above pre-market high or broken below pre-market low. The high/low skips any quick spikes in price action (similar to what happens at 8:30 am every day).
Pine Script™ indicator
by benjaminbarch