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Breadth Indicators

Lowry Upside % VolumeThis script takes the total NYSE volume for the day and determines what percentage of that volume is Upside Volume (or buying volume). What's different in this script compared to others is that the 3 most essential values determined by Paul F. Desmond's Dow Award-winning paper for Lowry's Reports are color coded: 1) 90% Upside Volume Day 2) 80% Upside Volume Day 3) 90% Downside Volume Day According to Paul's award-winning research, these precise criteria are objective definitions of panic selling and panic buying and are generally near major market tops and bottoms. His Dow Award-winning paper on the topic can be explored and scrutinized in more detail here: docs.cmtassociation.org
Pine Script™ indicator
by BullRiderCapital
6
Tick PlusTick Plus Tick+ is an all-in-one market internals dashboard. Tick+ features a real-time NYSE or NASDAQ Tick chart, a dynamic Advancers/Decliners vs. VOLD chart, a market internals table readout including both NYSE and NASDAQ instruments, defensive and cyclical sector’s, and daily inflow/out analysis. Also included are customizable symbols readouts, so you can keep an eye on securities that are important to you! The Tick chart displays a candlestick TICK chart for your chosen exchange and keeps track of the current day's high tick and low tick. Drawn behind these are our Key Reversal Zones. The Advancers/Decliners vs. VOLD chart dynamically scales both instruments together to easily detect divergences that are known to cut the noise from the market and give an accurate indication of the day's trend. Market Sync Indicator This is a small but powerful indicator that analyzes the inflow and outflow of each exchange's underlying securities. When all the markets are in harmony, it will print a green or red symbol below the tick chart. We have also included this signal within the internals table labeled “trending,” which is simply the same signal presented in a more apparent area. Alerts can also be set with these signals to take advantage of the system across tickers. Note: A gray readout indicates that every market is not moving in the same direction at that moment. This indicator has been made to be customizable to fit your individual layout style! You are able to stack the Tick & Comparison Charts, as well as display the tables vertically or horizontally! Note: We are measuring % change of symbols from the daily open to current price, this is so you can make an analysis based on today's info. All of the default settings are our recommended settings. Please check the Author Instructions Below for how to gain access to our indicators.
Pine Script™ indicator
by TheFinancialCloud
4
Lowest / Highest From WidgetRecent events inspired me to create a small widget that allows you to spot from when current value is lowest / highest. Just add it to chart and script will compute most recent day when price was higher / lower than current and it will display: Line coming from that value to the current one A table with previous low/high information Thanks to @MUQWISHI to help me coding it. Disclaimer Please remember that past performance may not be indicative of future results. Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting. This post and the script don’t provide any financial advice.
Pine Script™ indicator
by QuantNomad
12
VWAP BreadthThe Concept The volume-weighted average price (VWAP) is an indicator that gives the average price of a security based on both volume and price. VWAP is calculated by adding up the dollars traded (price*volume) and dividing it by the total volume. Generally speaking, prices above VWAP is bullish, while prices below VWAP is bearish. VWAP can also be used as a breadth indicator, represented by the % of stocks above VWAP (orange line in above chart). However, the raw data of daily VWAP breadth is extremely noisy and hard for traders to decipher any tradable pattern. This script aims to address this issue by adding multiple bars of VWAP breadth together, and then calculating the mean and standard deviation (STDEV) of previous accumulated VWAP breadth values. The Signals: 20 days of accumulated VWAP breadth shows that: 1. Big market (S&P500 or Nasdaq) rallies happen when VWAP breadth is above mean. 2. Big market selloffs happen when VWAP breadth is below mean. 3. VWAP breadth above +2 STDEV is overbought but still bullish (overbought suggests strong buying interest despite the potential for a temporary pullback). 4. VWAP breadth below -2 STDEV is oversold but still bearish (oversold suggests strong selling interest despite the potential for a temporary rebound). 5. A VWAP breadth decreasing during an uptrend forms a bearish divergence. 6. A VWAP breadth increasing during a downtrend forms a bullish divergence. The Variables: Users can change how many bars of data to add together. I personally use 20 bars of accumulated data in daily charts. The STDEV lookback period has a default value of 1000 bars, and does not need to be changed unless users experience lag.
Pine Script™ indicator
by skiviz
1
Cycle strategy DEMO V1.0READ BEFORE USING: This indicator includes the Cycle strategy and 2 bonus indicators ( pivot strategy & volume strategy). This is a DEMO version that doesn't show the signals after end of January 2022. This indicator only allows you the backtest/study previous results and give a general idea on the workings on the indicator. Introduction Cycle strategy works on the following timeframes, 1HR, 4HR, 12HR and 1D. Cycle strategy is mostly used by me on the 1D timeframe, however, if you prefer shorter timeframes you can select those. Indicator settings will automatically adjust based off the timeframe on your chart. I use this indicator mainly for BTC , however, altcoins such as ETH, LTC, DOGE, ADA, ETC, SOL and more have shown reasonable results in the past. The theory behind cycle strategy The cycle strategy is based off the theory that Bitcoin moves in cycles, each time followed by periods of sideways action. This strategy tries to breakout trade momentum out of a sideways range by calculating things such as momentum, volatility and average price. The indicators, based off calculations, tries to spot breakout trends. When a trend break up it gives a "long" signal on the chart and when the trend breaks down it gives a "short" signal. Sometimes the price doesn't break out, this is called a fakeout. The bot will automatically reverse its previous signal and take a small loss. Applications of it in my trading setup I apply the wave strategy in my own trading enviroment as a tool to determine buy/sell moments and general trend. Whenever Bitcoin reaches extreme overbought level I'll wait for the indicator to give me a "sell" signal in order to hedge myself against possible corrections. In the past I've seen many bearmarkets before, I tended to not have any fiat on the side to buy these dips. The indicator has be allowed in the past to almost perfectly sell the top multiple times allowing me to accumulate BTC on lower levels and therefor increase my BTC position. I also use this indicator to spot the current Bitcoin trend. If the indicator shows a "long" signal I'll generally be looking to long on dips and whenever there is a "sell" signal I tend to look for shorts. Bonus indicators There are 2 bonus indicators included in this strategy. These are "bonus" indicators as I haven't had a long enough time to backtest them. They are based off my own strategies that I apply when trading. The bonus indicators have been highly succesful in the past though they are a bit more experimental. Bonus indicator 1: Pivot strategy Pivot points is a powerful indicator that Bitcoin tends to be very reactive to. The pivot strategy tries to determine if Bitcoin is in a bulltrend/beartrend. If Bitcoin is inside a bulltrend it will look to buy on pivot points . If the price is in a beartend it'll be looking to sell on pivot points . Pivot strategy only works on 1HR timeframe, optimized on BYBIT:BTCUSD Bonus indicator 2: Volume strategy Volume strategy tries to look for large spikes of volume , once price breaks under this volume spike it'll try to buy/sell. The theory is that large volume spikes are traders getting stopped out on their leverage positions. By buying under these spikes it tries to counter trade these small price sqeeuzes. Volume strategy only works on 1HR timeframe, only works on BYBIT:USD
Pine Script™ strategy
by UndergroundMedia
3
OBV Overbuy+sell by RSUOn-balance volume (OBV) is a technical trading momentum indicator that uses volume flow to predict changes in stock price. Joseph Granville first developed the OBV metric in the 1963 book Granville's New Key to Stock Market Profits. This indicator is based on the OBV indicator and adds 2 times the standard deviation Bollinger Band to evaluate the overbought and oversold phenomenon of the OBV indicator. The characteristics of Bollinger Bands: According to the normal distribution phenomenon, only 5% of the cases will exceed 2 times the standard deviation of the Bollinger Bands. So when it exceeds, I will use colors to mark red overbought and green oversold situations. Usage: 1.Identify trends: Identify current stock trends by OBV's 30 average line color. 2.Breakthrough:A break below overbuy could signal a temporary end to the uptrend. 3.Oversell and overbuy:A break below overbuy could signal a temporary end to the uptrend. 4.Divergence:When the slope of the two highs is opposite to the slope of the two highs of the indicator, a trend reversal signal may occur.
Pine Script™ indicator
by rsu9111
4C NYSE Market Breadth RatioThe NYSE Market Breadth Ratio is considered by some to be the “king” of market internals. It lets you know instantly how strong current buying or selling pressure is in the broad market, to eliminate guessing or opinion. This indicator plots the Market Breadth Ratio values for the NYSE and the NASD exchanges in real time. It also plots the NYSE Market Breadth Ratio in a histogram plot for visual reference. The indicator dynamically changes colors between green and red depending on whether breadth is currently positive or negative. This indicator divides the 'Up-Volume' ("UVOL") by 'Down-Volume' ("DVOL"), for each exchange. It can be added to any chart, but is incredibly useful when added to other sources of market internals like the NYSE Advancers/Decliners Difference (ticker ADD) or with the NYSE UVOL / DVOL Difference (ticker VOLD ). Credit goes to author=@auron9000 as the bulk of this code was from their Breadth Ratio Bubbles indicator. ---> The changes made to their indicator include: bug fixes where the values werent properly updating; fixed indicator to be a separate plot (not chart overlay), and added the histogram plot.
Pine Script™ indicator
by FourC
11
MTF RSI & STOCH Strategy by kziThis script is a teaml job with Indicator-Johns. First he used my script, then i transform his code. The origine: The first transformation: www.tradingview.com Funny moment together, thanks for that. :) This sharing is an indicator where you can see the average of different time frames. The RSI is the blue line The Stock is the yellow line You can manage the timeframe in the parameters. The strategy is to take position when the two lines get overbought or oversold and close when the stoch and RSI goes to the middle.
Pine Script™ strategy
by Cazimiro
1
NASDAQ Advance/Decline Line 1.0NASDAQ Advance/Decline Line is a Market Breath indicator. Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like! A/D line calculates a ratio between total number of NASDAQ stocks advancing and total number of NASDAQ stocks in one day, providing another way to grasp the market breath at any moment.A Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ stocks are declining. Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside. Correlation means rising probability of capitulation (to the upside or to the downside). For a better interpretation, NASDAQ Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.). -------------------- NASDAQ here refers to the totality of assets listed on the NASDAQ exchange, not to the Nasdaq Composite index or the Nasdaq100 index. NASDAQ is the second-largest stock exchange on earth, and operates the two major stock indexes based on companies that trade on its exchange: the Nasdaq Composite and the Nasdaq 100. The Nasdaq Composite tracks the performance of more than 3,000 stocks listed on the Nasdaq while the Nasdaq 100 captures the performance of the exchange’s largest non-financial companies.
Pine Script™ indicator
by IQ-trading
2
[TTI] Stage 2 Signal & NetNewHighs vs NetNewLowsHISTORY AND CREDITS ––––––––––––––––––––––––––––––––––––––––––––––––––––––– Stage 2 is part of Mark Minervini's NON-NEGOTIABLE criteria. What does this mean? Well it means that Mark does not enter a trade that is not in Stage 2. Stage analysis is the work of Stan Weinstein who divides stock price movements in 4 stages (Stage1, Stage2, Stage3 and Stage4). Additionally, the second part of the indicator, NetNewHighs (NNH) vs NetNewLows (NNL), has been used by many traders, most recently I have seen Matt Caruso use it in his methodology. WHAT IT DOES –––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 1️⃣ Stage 2 Signal This method uses price, moving averages, volume in order to asses when it is the best time to get in a trade. 👉 Stage 1 - stock goes sideways and does not make any price progress 👉 Stage 2 - stock gains a lot of value and is trending up. It shows strong support from institutions 👉 Stage 3 - stock goes in a sideways action again 👉 Stage 4 - stock loses a lot of it gain in a short amount of time Stage 2 is shown by the AQUA/CYAN color on the first line of the indicator.🟦 2️⃣ Net New Highs vs Net New Lows This assess the general market health. It looks at the ration of New Highs vs New Lows. The indicator assess when there has been 3 consecutive days of Net New Highs > Net New Lows, this show that the general market is moving up as more stocks are advancing than those that are declining. As per Investor Business Daily research the stocks move is determined 50% by the move of the general market, 25% by the move of the sector it is in and 25% by the stock itself. Therefore, the indicator helps assess and analyze the 50% of the general marekt. When the condition of 3consecutive days is met the indicator prints green square on the bottom line 🟩.. The sensitivity (i.e. the 3 day can be changed in the settings). HOW TO USE IT ––––––––––––––––––––––––––––––––––––––––––––––––––––––––––––– 1️⃣ Stage 2 Signal Only enter trades when they are in a Stage 2. This drastically increases the probability of success when trading to the long side. Look for AQUA/CYAN squares print before entering a trade 2️⃣ Net New Highs vs Net New Lows Look for confirmation criteria indicated by a printing of green squares in the bottom of the indicator.
Pine Script™ indicator
by TintinTrading
18
Session LevelsThis indicator plots important session (intraday) levels for the day. It plots high and low of previous day, week, month, 52 week and all time. Also plots the vix range which shows the daily expected trading range of the instrument. These levels acts as important support/resistance for the day. For example, if price closes above previous day, week, or month high/low it indicates bullish sentiment and vice versa for bearish. Vix Range plots top, center, bottom line for expected trading range for the day. It is calculated based on the volatility index selected (NSE:India VIX is used by default).
Pine Script™ indicator
by ajithcpas
19
Hotch DMI+OBV+RSI ConfluenceThis Indicator uses the Relative Strength Index, On Balance Volume, and ADX to identify viable trading trends. A quick description of what is on display: 1.) Green Triangle = OBV crossing over OBV MA 2.)Red Triangle = OBV Crossing under OBV SMA 3.) The background coloring between the RSI Oversold and Overbought Values has multiple conditions. ----It is green when the DI+ > DI- ----It is purple when the DI+ < DI- ----the brightness represents the ADX value. Darker areas(or more transparent) show a weak ADX value(4). Brighter (or less transparent) show a stronger ADX value(3) 5.) RSI and RSI moving average, including a divergence indicator. 6.) A histogram representing the normalized value of OBV-OBVMA to show changes in value while remaining readably in range on the chart with other indicators. In the included chart screen shot is an example of an applicable strategy. This example is no guaranteed success and is also not the only strategy applicable to the indicator.
Pine Script™ indicator
by Hotchachachaaa
3
IPB_NHNLThis indicator is a market breadth indicator. This is an index that is derived from the number of stocks within the nifty constituents that has made 52weeks high and low. Only top 40 stocks of nifty50 are selected as there is a limitation of calling securities in pinescript. This indicator has to be used in conjunction with other market breadth indicators like IPB_MAMB, IPB_ADMIN, etc. The index is customized for weekly chart. Hence please use only on weekly chart to analyze the market breadth . Look for divergences with the price which indicate reversals.
Pine Script™ indicator
by scorpiomanoj
2
MicroStrategy MetricsA script showing all the key MSTR metrics. I will update the script every time degen Saylor sells some more office furniture to buy BTC. All based around valuing MSTR, aside from its BTC holdings. I.e. the true market cap = enterprise value - BTC holdings. Hence, you're left with the value of the software business + any premium/discount decided by investors. From this we can derive: - BTC Holdings % of enterprise value - Correlation to BTC (in this case we use CME futures...may change this) - Equivalent Share Price (true market cap divided by shares outstanding) - P/E Ratio (equivalent share price divided by quarterly EPS estimates x 4) - Price to FCF Ratio (true market cap divided by FCF (ttm)) - Price to Revenue (^ but with total revenue (ttm))
Pine Script™ indicator
by Pinnacle_Investor
5
Aggregated On Balance Volume - InFinitoOn Balance Volume calculated with aggregated and normalized volume data and a few other features: Aggregation code originally from Crypt0rus Candle Plotting code from LonesomeTheBlue ***The indicator can be used for any coin/symbol to aggregate volume, but it has to be set up manually*** As normal OBV, this indicator can be used to find divergences and to have an idea of volume flow. Using aggregated data makes it more accurate and allows to compare volume flow between different kinds of markets (Spot, Futures, Perpetuals, Futures+Perpetuals and All Volume). As well, in order to make the data as accurate as possible, the data from each exchange aggregated is normalized to report always in terms of 1 BTC. In case this indicator is used for another symbol, the calculations can be adjusted manually to make it always report data in terms of 1 contract/coin. Extra features: - Based off LonesomeTheBlue, OBV can be plotted as candles and as Heiken Aishi candles (which give wick information) - A Moving Average (SMA, EMA, WMA, RMA, VWMA) can be plotted to the OBV. This can be used as a confluent signal to enter a trade on a crossover or to know the strength of the current move. - The OBV basis can be reset to 0 periodically, making it more oscillator-like and allowing to focus only on a certain period of time.
Pine Script™ indicator
by In_Finito_
11
Trend OptimizerWhat is this? This horizontal trend color and vertical trend bar is a trend identification to optimize your positioning in the market. Colors helps you to understand the trend easily, spontaneously. The indicators & Strategies? 1. A horizontal trend color which represents the medium term trend. The color change is based on the price position towards moving average. We exclude the moving averaged from chart area so the chart area will be clean and you'll have an easier interpretation. This trend color helps you to understand the major trend as simple as you see navigation maps in your smartphone. When the trend color changed from the long red into white, then green, then blue, it indicates a bottom reversal. This module will work best with out other module: Trend Optimizer Module and Momentum line Module. 2. A vertical trend bar represents long term trend. Bars that above the axis is an uptrend bar. If it occurs, the long term bullish trend is exists. Bars below the axis is a downtrend bar. If it occurs, the long term bearish trend is exists. If there is no bars (empty), means the long term trend is weakened but the trend still as same as the last bars occurrence. Benefit for you: You'll have a guidance the existing trend and the trend progress from time to time. If you combine this script with our other two module: Profit Trader module & Momentum Line Module, You'll have a complete template to analyze both trend and swing strategies.
Pine Script™ indicator
by galerisaham
2