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Breadth Indicators

[UPRIGHT] Bulls-V-Bears Tug-of-War SquidGame [Premium] (cc)Hello Traders, Today I'm updating the Bull V. Bears with a Premium version. (Note: the other version is shown below the Premium on the chart above) ……"The game is Tug of War, the side that pulls the rope from the middle to their side wins. Let the game begin."…… How it works: This indicator is not a typical one. 1) It shows visually when Bull volume or Bear volume is ‘pulling the rope to their side’. 2) It uses several different formulas to get an accurate read on the level of volume , but still keeps peaks and troughs within 100 for easy reading. 3) Update: It was originally meant to be used strictly with other indicators, but it can now be used as a standalone indicator. __________________________________ Legend: 1) The top line signals give the major signals – a. Red cross = Bearish volume strength and continuation. b. Green cross = Bullish volume strength and continuation. i. + Green Dot inside enhances signal. ii. + Red Dot inside weakens signal. c. Blue circle = Can indicate the beginning of a reversal to the upside or downside. d. Pink circle = Can indicate the beginning of a reversal to the downside. 2) The Bottom signals are triggered when one circle-rope crosses over the other, these signals give confirmation to the top line signals – Red bearish / Green bullish . 3) As shown on the chart, the Reversal setup usually consists of a blue circle, followed by a red or green cross, then confirmation from the bottom signal. 4) Without the signals: green obviously is Bullish especially above the threshold set --Red bearish . The regular rope gives trend indication. I've added tooltips to make it easy to understand, feel free to leave a comment if you still have a question! __________________________________ Features: -Tooltips (hover over - Info) for understanding. -Works well on all timeframes; even 5min, I made a tooltip for recommended lengths. -Customizable Signals; with the ability to turn on and off. -Reversal signals: Pink and Blue circles can indicate reversals coming. -Works well as a leading standalone indicator. -Adjustable top signal row. -Background Highlights. -Alerts -Rules added (hover over). __________________________________ Premium : -Better signal algo (will likely be updated again soon) -Reversal Signal added (Large Circle) -Improved Scaling and Organization - Now easier to see large moves/signals on Multiple timeframes. Chart should look like: Cheers, Mike (UPRIGHT Trading)
Pine Script™ indicator
by UPRIGHTTrading
Federal Funds Rate and Overnight Bank Fund RateAMEX:SPY Comparison of the Overnight Bank Fund Rate and the Effective Federal Funds Rate. The Fed sets a discount rate of 100 basis points above the effective federal funds rate to discourage ("penalize") banks from borrowing from its reserves. If lending banks have excess in their reserves, the borrowing banks have ease in negotiating a lower rate overnight to maintain its requirements. For this reason its a good indicator of the economy. If it becomes more difficult for banks to maintain the required reserve amount they may charge borrowing banks higher rates. Both the Effective Federal Funds Rate and Overnight Bank Fund Rate use the same data. Except, the OBFR includes overnight Eurodollar transaction data and certain overnight “selected deposit” transactions that are placed at domestic bank branches controlled by a U.S. banking office. The indicator includes the lower and upper bound target rate set by the Federal Reserve. An interesting note: Notice the jump in the Overnight Bank Rate followed by Fed buying to provide liquidity and lower rates in Sept 2019.
Pine Script™ indicator
by MrDevDevy
Fibonacci Ghost CloudHello my nocturnal minions.... This is your dark knight in the crypto light.... your alpha and omega, your crypto king reigning wisdom down from my gilded throne of code! Enjoy the spooky Fibonacci Ghost Cloud. Shadows of previous Fibonacci look-back levels provide possible entries, stop losses, and take profit levels for intrepid crypto travelers. DESCRIPTION This indicator is front weighted by using the Fibonacci integer sequence..... 2,3,5,8,13. Each green and red "ghost" is a reflection of the highest highs and lowest lows of a given FIB lookback. The guide lines, red and green, are averages of the highs (green) and the lows (red). USAGE The "ghosts" can be used as possible support and resistance levels. They diminish in intensity (they become more transparent) as these ghosts move back further in time. When multiple greens overlap it is an indicator of a lot of recent price action at that level. The same is true of overlapping red. In addition, the amount of ghosts above and/or below are indicative of recent price action taking place at a higher or a lower level CURRENT PRICE IS LOWER THAN RECENT PA - There will be many green ghosts above, but few or no red ghosts below. CURRENT PRICE IS HIGHER THAN RECENT PA- There will be many red ghosts below, but few or no green above TAKE PROFIT - Possible take profit targets could be on the approach to a previous green level STOP LOSS - Possible stop losses could be at lower red level Like Bollinger bands, the green and red "average" lines can help to indicate that a security is oversold or underbought according to how close it is to a recent average. Nearing the red line can indicate that the security is oversold - and the converse is also true. DERIVATIONS Within the code is additional greyed-out lines which could be activated allowing you to target the open or close, instead of the High-Low - the current settings SETTINGS: You can change the FIB levels and substitute your own integer sequence to use as the lookback. Feel free to offer feedback and/or suggest features you would like to have added.
Pine Script™ indicator
by cryptofilio
Goethe A - Multiple Leading Indicator PackageGoethe A is an Indicator Package that contains multiple leading and lagging indicators. The background is that shows the local trend is calculated by either two Moving Averages or by a Kumo Cloud. By default the Kumo Cloud calculation is used. What are those circles? -These are OBV (or VPT, can be set in the options) Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish. What this middle line? -The middle line is calculated by a smoothed Heikin-Ashi indicator. I can be used as a dynamic zone of support and resistance. Many times this indicator is used as entry signal giver in trend following strategies. What are those background lines? -The background contains a simple Daily Pivots indicator. This indicator can be read as zones of Support and Resistance that updated based on the used timeframe. What is this smaller thin grey line? -This is a very simple Stoploss indicator based on Donchian Channels. The trade direction is based and calculated by the local trend (background color) What are those small orange or aqua triangles? - These are Pivots . They show when the OBV or wolfpack oscillators (or a double confirmation of both) might reverse, this is important to know because many times the price action follows this move. What are those purple triangles? - These are Pivots . They show when the PVT oscillator might reverse, this is important to know because many times the price action follows this move. What are those big orange or aqua triangles? - These are TSI (true strength indicator) entry signals . They are calculated by the TSI entry signal, the TSI oscillator treshold and in conjunction with the overall local trend (background color). What are those white squares? - These are Overbought or Oversold regions of the build-in RSI bands indicator. Every time the price crosses one of the RSI bands those squares are printed. Most of the time this happens after a move and indicates that this strong move has come to an end. Most settings of the indicator package can be modified to your liking and based on your chosen strategy might have to be modified. Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
Pine Script™ indicator
by AdonisWerther
11
Seasonality ChartsHow to use: open monthly chart What this chart show: The seasonality tool calculates two numbers: the percentage of time that the month is positive above histogram and the average gain/loss for the month below histogram Seasonality tells us what has happened in the past, which is the historical tendency. There is certainly no guarantee that past performance will equal future performance, but traders can look for above average tendencies to complement other signals. On the face of it, a bullish bias is present when a security shows gains more than 50% of the time for a particular month. Conversely, a bearish bias is present when a security rises less than 50% of the time. While 50% represents the exact middle, chartists should look for more extreme readings that suggest a relatively strong tendency.
Pine Script™ indicator
by EW_T
9
Wolf TradeWolf Trade indicator designed to help you develop your own trading strategy and give you that extra confirmation on your trade ideas. This indicator helps you to identify the right buying or selling opportunity. Examines several items to issue a buying or selling position. For example, it checks the status of the RSI , as well as the status of the MACD , as well as the status of the stochastic . Checks the order of placement of the EMA and the condition of their cross with ATR. And uses the ATR for stop loss. Wolf Trade indicator commodities on all timeframes including 1m, 3m , 5m, 15m, 30m, 1H, 2H, 4H, 1D, 1W, etc. Definitely, the performance of this indicator is much better in 1, 2, 4 hours and daily timeframes, but that does not mean you can not use it in shorter time frames. This indicator is does not repaint and works on any market internationally including crypto, stocks, forex, futures and currencies. You can utilize our indicator for scalping, swing trading, holding or even for trading options as well.
Pine Script™ indicator
by lvlineTrader
28
Fusion: Monster Breakout IndexThis indicator is designed to display on both the main chart and a separate chart area. If you want to display it on the main chart then flip the 4 display options. Well... you might want to: Disable it first Move it Flip the display options and then show it so the move doesn't look ugly. Display options: On a separate chart it will display red and lime bars showning potential breakouts. On the main chart it will show a channel. Personally like to see it both ways so I generally have two copies of it with one on the main chart. The " Bar back marker " option is a tiny down arrow at the top of the chart showing where the length of the lookback starts from the current bar. So, if you set the length to 10 then this will be 10 bars back from the current bar. You can show it on or off the main chart but it's not all that visually tasteful off the main chart. The length is certainly not some optimized setting so set to whatever suits your needs. The source I set at hl2 which makes more sense to me than the default most people use of close so again, don't assume the settings are correct for your environment... play with it. Credit: Modified from the "Monster Breakout Index" by racer8 under the licence of: This source code is subject to the terms of the Mozilla Public License 2.0 at mozilla.org The code is structured to easily drop into a bigger system so use it as a lone indicator or add the code to some bigger project you are creating. If you do, send me a note, it would be nice to know it's being well used. Finally, if you find value please do make a comment, give a thumbs up etc. Enjoy and good luck!
Pine Script™ indicator
by Koalems
OBV+OBV with an extra twist. Add up to 4 moving averages and choose from simple, exponential, smoothed, etc. Choose to display a trend fill. Fill will be green when above the MA4 or red when below it. If the difference between the MA1 and MA4 is growing, the trend fill will be a more solid color indicating a strengthening trend. If the gap is lessening, it will gradually get more transparent indicating a weakening trend. Finally, options to display bullish and bearish regular and hidden divergences are included.
Pine Script™ indicator
by DoctaBot
9
Crypto EMA Breadth (ST)Crypto EMA Breadth (ST) represents the breadth in the "Short Term". It uses DEMA (Double Exponential Moving Average) instead of EMA to reduce lag. This indicator returns the percentage of crypto coins that satisfy the following criteria: Uptrend is defined as: DEMA 10 >DEMA 20 > DEMA 50. Downtrend is defined as: DEMA 10 < DEMA 20 < DEMA 50. Range = not uptrend and not downtrend A time frame for computing market breadth can be specified. For example, 1 = 1 min, 5 = 5 min, 30 = 30 min, 60 = 1 hr , 240 = 4 hrs , D = 1 day. Additionally, irregular time frames (e.g. 37 = 37 minutes) can be selected. TradingView allows for a maximum of 40 names in a single indicator. The market breadth index is calculated using the top 40 cryptocurrencies (market cap): btc , eth, bnb,sol, ada, xrp, luna, avax, dot, doge, shib, matic ltc, algo, near, mana, sand, axs , atom, gala, link, xlm , xmr, vet, ftt , hbar, egld , ftm , hnt , eos , lrc , one, enj , zec, dash, celo, fil, icp , xtz, theta
Pine Script™ indicator
by Dirakk
Currency StrengthThis script measures the strength of the 6 major currencies USD, EUR, GBP, CAD, AUD and JPY. Simply, it averages the RSI values of a currency vs the 5 other currencies in the basket, and displays each average RSI value in a table with color coding to quickly identify the strongest and weakest currencies over the past 14 bars (or user defined length). The Dir. value looks at the difference in average RSI value between current and X bars back (user defined), telling you whether the combined RSI value has gone up or down in the last X bars. Using the average RSI allows us to get a sense of the currency strength vs an equally weighted basket of the other majors, as opposed to using Indexes which are heavily weighted to 1 or 2 currencies. The table doesn't load super fast as we are making 15 Security requests to get the values for each pair (where possible we reverse the values of the pair to reduce Security requests, e.g. we don't need to request EURUSD and USDEUR, we reverse the value to calculate the USD RSI).
Pine Script™ indicator
by HayeTrading
6
SPXL Futures Strategy- Buy/sell signals for SPXL using futures momentum. - For real-time signals at close, use ES1! on 2 minute chart and sign up for real-time cboe mini futures data feed in tradingview. - All buys and sells are at near close of US RTH market at 4pm. - Best to use the script with other breadth signals to decide on trading strategy. - Script is compatible with SPY, SPXL, RSP, QQQ, TQQQ and many other SPX correlated tickers, however it’s primarily developed for SPX.
Pine Script™ strategy
by timtr4d3
23
Market Risk ON/OFFMarket Risk ON/OFF is a indicator designed to show you when it may be a good time to add hedges and/or reduce long exposure to the US stock market. It can be used to make forecasts on the overall market, when a crash or bear market may be about to occur and when a bull market is still strong. When the indicator is applied to a chart, entire time periods will be shaded either Green (Risk-ON Mode) or shaded Red (Risk-OFF Mode). It can be applied to any chart, however it's best applied to a chart of the S&P 500 Index or the ETF $SPY on the daily timeframe. It's calculation is based on 3 things; price action of the S&P 500 Index ETF $SPY, overall market breadth (that is advancing stocks versus declining stocks) and CBOE Volatility (VIX) Futures term structure. By default 2 out of these 3 signals must be in confluence for a regime change from Risk-On to Risk-Off mode, however this setting can be changed to either 1, 2 or 3 signals required for a regime change. You can see in the chart above an example of how this indicator would have alerted users on the 25th February 2020 of a change to Risk-Off mode and allowed you to prepare for a possible market crash which happened (the Covid bear market) and when things settled down it switched back to Risk-On mode on the 24th of April 2020 letting you know it was safer to position your portfolio for a bull market again. Here's another example from the 2008 Global Financial Crisis (GFC) market crash of the Market Risk ON/OFF indicator alerting you to a possible crash. To get access PM or email me to my address shown below. Enjoy :) Disclaimer: All my scripts and content are for educational purposes only. I'm not a financial advisor and do not give personal finance advice. Past performance is no guarantee of future performance. Please trade at your own risk.
Pine Script™ indicator
by Click-Capital
Multiple Ticker TraderThis indicator can be used as an alternative to the built in Strategy Tester for those who want to (back) test a strategy on multiple tickers simultaneously and see it's performance. Just change the buy and sell conditions in the code to fit your needs. The strategy I've used here is scaling into up to 10 tickers a maximum of 5 times per ticker every time they retrace (another) 10% from their all time high. You can set the maximum number of total trades and disable scale ins by setting them to an impossible number (such as, 99% away from the all time high). Credit to QuantNomad for the monthly/yearly returns table bottom left. The bottom right table shows the current number of shares the algo is long and also the total all-time returns from each individual ticker, and other data. The blue line is the number of positions the script is currently long. Each scale into the same ticker represents one position. The yellow line is the closed P&L. The green/red line is the live P&L. I've used leverage for the example image just to showcase the liquidation display. These particular buy/sell conditions cannot close positions at a loss, so be careful if you're wild enough to use this setup live without understanding the script yourself. I haven't used it live myself yet and you should assume there are serious bugs before thinking about using it live, though I'm using a similar thing on cryptos and it's going fine. You can edit the leverage, maximum trades and back test range in the settings. The number following the ticker on each label represents which scale in was bought/sold. Enjoy :) let me know if you find any good results
Pine Script™ indicator
by barnabygraham
Anchored OBV RSI: "V-RSI" About the Indicator: V-RSI uses values from the traditional "Relative Strength Index(RSI)" oscillator and the "On Balance Volume(OBV)" indicator and anchors them into an oscillator format. In doing so, we are given a more concrete overview of volume/sentiment data relative to the RSI for analysis of trend strength and decision making. EXTRAS: BTC MODE => for BTC only. In BTC MODE, the indicator uses BTC volume data from the following 5 major exchanges: BINANCE, COINBASE, FTX, BITMEX, BITFINEX. The sum of this data is taken to depict anchored OBV values. This allows for a more accurate representation of Global Volume. How to use it The indicator can be used like the normal RSI with the OBV (area in the middle) showing volume sentiment. <50 is seen as bearish >50 is seen as bullish Using this data, it becomes easier to identify unsustainable trends, reversals, divergences An example of an unsustainable trend and reversal would be if RSI values are overbought ( RSI > 70) yet OBV oscillator remains below 50. == chances of unsustainable trend reversal are more likely. For more questions, send me a message here on Tradingview. Happy trading, MM :)
Pine Script™ indicator
by yinandyani
15
[GB]Commodity Futures MapPuts numerous commodity futures on the same scale. The main function is RSI (without evoking "oversold/bought" concepts). Reading the chart: Much like any oscillator, the important elements are: Position relative to the middle Slope Momentum Volatility Settings: RSI length EMA smoothing Time Frame (of the indicator, not the chart( May add value when asking questions like: Is lumber trending? Is silver trending faster than gold? Is the entire asset class trending up down or not at all? Adding additional symbols is easy since the code for each symbol is identical.
Pine Script™ indicator
by gb50k
3