Breadth Indicators
[Me] Quandl FED Any TickerPrivate Macro Indicator
Can find any ticker from fred.stlouisfed.org and plot it. For example Consumer Price Index, Ticker CPIAUCSL (fred.stlouisfed.org)
Select the Pick TF (timeframe) checkbox if you need to update the specific reporting of fed data, most of it updates weekly or monthly. Leave it unchecked if you are not sure how often the data updates.
Select the Dataset, either get the the raw nominal numbers or Month over Month Percent or Year over Year Percent.
P/L panelThis is not a indicator or strategy.
I thought of having a table showing running profit or loss on chart from a specific price.
I tried to put the same in code and ended up with this code.
This is a table showing the running profit or loss from a manually specified price and quantity.
when you add the code, This table asks us to input the entry price and quantity.
It will calculate the running profit or loss with respect to running price and puts that in the table.
We will have to input two things.
1.) entry price: the price at which a position(long/short) is taken.
2.) Quantity: A +value need to be entered for Long position and -value for short position.
code detects whether its a long position or short position based on the quantity info.
for example if a LONG position is taken at a price 60 of 100 quantity,
then in price we need to enter 60
and in quantity 100 (+ve value)
for SHORT position at a price of 60 of 100 quantity,
in price we need to enter 60
and in quantity -100 (-ve value)
once the table is added to the chart.
Just double click on the table, it will open the settings tab and we can provide new inputs price/quantity/position.
positioning of table is optional and all possible positioning options are provided.
Advise further improvements required if any in this code.
This piece of code can be used along with any indicator.
For which we may need to use valuewhen() additionally.
Try it yourself and ping me if required.
Market Breadth EMAsThis is the combined market breadth tickers: S5TW, S5FI, S5OH, and S5TH representing the percentage of S&P 500 stocks above their 20, 50, 100, and 200 EMA respectively. The colors go from green (20) to red (200) because if 20 crosses above the 200, the market's bullish, and if the 20 crosses below the 200, the market is bearish. So if green is on top = bull market. If red is on top = bear market. In general the market sentiment is whichever color is highest up.
The background is colored in depending on a few historical extremes in the 200. The darker the color the more significant the buy/sell signal. These can be adjusted by changing the hline's in the code.
OB EMA Fibo TunnelThis indicator plots a base EMA and then plot many lines above and below according to the Fibonacci levels, creating a tunnel where it is possible to see the price respecting some levels.
It is similar the concept of Vegas Tunnel, but with my numbers.
The Base EMA is 26 for daily charts and 8 for Weekly charts. The smaller timeframes use a variation of 26, like 26*4 for 4h charts.
It is also possible to choose if you want to color candle bars and what levels of Fibo lines you want to see. I created that to have a clean chart.
*** To enable the colored candles, you should choose the visual order and move to top!
Please leave a comment if you liked and if you have any suggestion.
Sentiment Estimator [AstrideUnicorn]Sentiment Estimator is an indicator that estimates market sentiment using only its pricing data. It counts bullish and bearish candles in a rolling window and calculates their relative values as percentages of the total amount of candles in the window. Market sentiment shows the direction in which the market is biased to move or the current trend direction. Extreme values of the market sentiment are contrarian signals. When the market sentiment is too bullish, it is time to sell and vice versa.
HOW TO USE
Sentiment Estimator plots a pair of green and red circles for each candle. They represent bullish and bearish sentiments, respectively.
The vertical positions of the circles show corresponding sentiment values in percentage units. For example, if a green circle's height is 60, the market is 60% bullish. In this case, the red circle's height will be 40, as bullish and bearish parts of the market sentiment sum to 100%.
The blue line plotted at the 50% level shows the neutral sentiment level. If a green circle is above the blue line, the prevailing market sentiment at that time is bullish, and the market is biased to move up. If a red one is above, the market has predominantly bearish sentiment and is prone to move down.
The red level shows extreme sentiment level. If a green or red circle is above this line, it means that the market is extremely bullish or bearish, respectively. It is a contrarian signal, and one can expect a reversal soon. In this case, a blue label with the text "reversal expected" is shown.
SETTINGS
Timeframe - allows choosing a timeframe other than the chart's one for the indicator calculation.
Look-Back Window - sets the historical window length used to perform the calculations. You can adjust the window to get the best results for a particular market or timeframe.
MMRI+MASimple script based on Gregory Mannarino's Risk indicator using the DXY and US10Y. Use it as you would an RSI but more of a leading indicator.
Anchored OBV SpaceManBTC Anchored OBV SpaceManBTC
The On Balance Volume indicator (OBV) is used in technical analysis to measure buying and selling pressure.
On Balance volume is primarily used to confirm or identify overall price trends or to anticipate price movements after divergences.
Anchored On Balance Volume unlike traditional OBV resets on your specified sessions: D, W, M, 3M, 4M, 6M, 1Y.
The actionable data is more useful HTF to see a potential long term trend change relative to the session reset chosen.
User can choose to disable highlightable session reset.
Recommended settings:
Daily tf with 3Month session pretty useful for the run so far. But please experiment away and share your results!
ToDo:
Non Reset Functionality,
Perhaps more timeframes
Support Resistance InteractiveHello All,
Using this "Support Resistance Interactive" script you can set the Support/Resistance levels interactively by clicking on the chart. Using the SR levels you set, the indicator creates Support Resistance zones. The width of the zones are calculated by using Threshold option and Threshold is the percent of the distance between Highest/Lowest levels in last 300 bars. if you set Threshold = 1 then it means 1% of the distance between Highest/Lowest levels. You can change SR levels by moving the level up/down by using your mouse anytime you want.
Now lets see it step by step;
After you added the indicator it will ask 5 Support/Resistance Levels and when you click any point then it's kept as S/R level and it asks another SR levels. if you want to use only 3 SR levels then last 2 SR levels are not important and you can click anywhere on the chart;
After you set all SR levels, it will ask "Number of Support/Resistance" . if you want to activate first 3 SR lines then set it 3. by default it's 5. when you set it click "Apply" and see the SR zones. that's it.
You can enable/disable alerts and set frequency, then create alerts. as it's interactive tool, the SR levels you set are specific for the current/active symbol. if you open another symbol then you better delete the indicator and add it again
Three Alerts exist in the script: Support Broken, Resistance Broken and Price in SR zone . you can enable/disable the alerts as you wish and you can set frequency for each one as "Once Per Bar" or "Once Per Bar Close"
by default Green/Red/Gray colors are used but You can change the colors using the options. according to the Price moves, SR zone colors are changed automatically.
when we have "Reset" feature to run the script interactively (like we added it for first time) I can update the script, then you will not need to delete/re-add each time you changed the symbol :)
In this example "Threshold" is 2 and "Number of Support/Resistance" is 4.
in this example "Threshold" is 0 and "Number of Support/Resistance" is 5.
Last example; Labels are shown for each zone, you can set location of the labels. SR order and Upper/lower band of each zone are shown in each label.
Enjoy!
Market Traffic Light (redesigned)redesigned the market traffic light from funcharts, all honor to him, I just put a new design ;-) and some bugfixes
1. Section (Fear & Greed)
Approximation of the CNN Money Fear & Greed index based on code of user MagicEins. The index shows values between 0 (extreme fear, red) and 100 (extreme greed, green).
2. Section (warning signs)
VIX: Values above 20 are red and below green. The legend shows the value of the current bar including the change from the bar before. The average VIX is about 16. Values over 20 are a sign of stressed market.
Distribution days: A distribution day (loss to the day before > 0,2 % and higher volume ) is marked with a yellow dot. In case there are more than four distributions days within 25 markets days the dot is orange. When big players redistribute their investments distribution days can occur. If this is done often (more than four times within 25 market days) it is possible that the markets changes or that a sector rotation occurs. For calculation distribution days futures of S&P 500 ( ES1! ) and NASDAQ ( NQ1! ) are used because the volume for this calculation is needed. TradingView does not support volumes for S&P 500 or NASDAQ directly.
Markets: A green/red dot signals that the market is above/below its 25-Daily-EMA. A green/red square signals that the market is above/below its 25-Weekly-EMA. Markets can give as a feeling about where investors store their money. E.g. when markets are falling but DUX (Down Jones Utility Average) is rising this means that investors put their money into save haven. This can be a sign that the markets will fall more.
3. Section (panic signs, = signs of reaching a low within a correction of a crash)
VIX-Reversion: A VIX reversion day ( VIX > 20 & VIX high > VIX high of the day before & VIX high – VIX close > 3) is marked as a yellow dot
VVIX: A value equal or above 140 is marked with a yellow dot and shows absolute panic.
PCR Intra max: A value equal or above 1.4 is marked with a yellow dot.
New high/lows: New highs/lows are shown for AMEX, NYSE and NASDAQ. A yellow dot is shown if the ratio is less or equal than 0. 01 .
Down-Day: Down days are shown for AMEX, NYSE and NASDA. A yellow dot is shown if at least 90 % of the whole volume (up and down) is a down volume .
In Addition to the warning signs in the second section a check of the Advance Decline Line (NYSE and NASDAQ) for bullish and bearish divergences is useful. The whole set-up can be seen in the screenshot.
Only one signal normally does not give us a good prediction. Therefore we need to see these indication as a bundle. TradingView gives us the opportunity to check some striking market situations in the past. So feel free to test this indication for building up your own opinion.
Please feel free to comment in case of failures, improvements or experiences (good or bad).
waves and limitsEnglish:
This indicator helps to visualize the status and location of the price within its standard limits; as well as its trend and momentum.
Blue wave for long entries, Red wave for short entries.
As most Indicators have lag, you must be very aware of the price action to enter and exit the trades.
Español:
Este indicador ayuda a visualizar el estado y la ubicación del precio dentro de sus límites estándar; así como su tendencia e impulso.
Onda azul para entradas largas, Onda roja para entradas cortas.
Como la mayoría de los indicadores tienen retrasos, debe estar muy atento a la acción del precio para entrar y salir de las operaciones.
Ranging Market Detector [AstrideUnicorn]Determining if the market is in a trend or a range regime is a very complex problem. And knowing the answer can be, in some situations, the real holy grail. If the trader knows when the market is in a range regime, they can avoid overtrading and make moving average crossover strategies more profitable. A regime switch from a trend to a range can be a signal to close open positions. It can also be helpful when trading such instruments as short-term binary options. When the market is ranging directional moves are not expected, and the trader should be careful as opening a position in such conditions is, by some degree, a random outcome game. Range breakouts trading is one more example when knowing the market regime is critical.
We have created an indicator that predicts the current market regime. It smooths the price using the Kalman filter and analyzes the curve's slope. If the absolute value of the slope is low, then the market is in range mode and vice versa. To distinguish between the two regimes, the algorithm compares the absolute value of the slope with its long-term average.
HOW TO USE
The indicator shows the difference between the absolute slope value and its long-term average as a histogram. When a bar of the histogram is higher than the threshold level presented by the red line, the market is in a trending regime. In this regime, the background of the indicator is blue. When the market is in a range regime, the indicator background turns red.
The threshold level helps to control the lag. The greater it is, the more lagging the indicator will be. By default, this value is set to a negative value. It means that the indicator switches from range to trend a little bit earlier than the slope gets higher than the average slope. You can use the value of zero or low negative values to find the optimal tradeoff between the strength of the signals and their lag.
SETTINGS
The indicator has one input parameter called Threshold. It sets the threshold level described above. Its value should be close to zero. The less the value is, the less is the indicator's lag, but at the same time, the less confirmed the regime-switching signals are.
The use cases can be very different. And as the code is open, you can also use the indicator as a building block for your custom trading strategies.
Let us know your thoughts and suggestions!
Revolution Portfolio ToolRemember to think in terms of percentages (e.g. if percentageweight is 70, then percentageweight1 and 2 must equal 30 in total).
Position size FX and CryptoThis indicator I am using to calculate the position size to order for Forex and Crypto Future
US Markets Net New Highs/LowsThis indicator displays the net number of stocks on the Nasdaq Composite making 52-week highs or lows. For instance, if there are 60 new 52-week highs and 20 new 52-week lows, the net number will display 40 net new 52 week highs.
This indicator is particularly useful in gauging what the breadth is of the Nasdaq.
Three days of net 52-week highs show a healthy market which is conducive to increasing exposure. This condition is highlighted with a green background.
Three days of net 52-week lows show an unhealthy market which is conducive to reducing exposure. This condition is highlighted with a red background.
Stochastic Spread AnalyzerA comparative version of the previously published Stochastic Structure Analyzer. It incorporates the 3-TF stochastics against both price and OBV values of the spread.
+ Breadth & Volumenote* If you've used my "+ Rate of Change Indicator", I am updating that without the OBV, which has been moved here. Just an FYI.
This "indicator" is basically a variety of indicators that measure volume, or accumulation/distribution. There's a bit of a story about how this came about but
it's not that interesting, so I'll spare you.
Indicators from which you may choose here are On Balance Volume (OBV), Money Flow Index (MFI), Chaikin Money Flow (CMF), Chaikin Oscillator, and Positive & Negative Net Volume.
I'll give a brief overview of these below, and if you want to educate yourself further on them you may. There are many web resources for that.
Most people are probably familiar with OBV. It's one of the more commonly used volume indicators, especially in the crypto crowd (at least amongst those traders I follow). It's basically a cumulative (doesn't oscillate around a midpoint) momentum indicator that measures volume of the current period versus volume of the previous period and adds it if price closed higher, but subtracts it if price closes lower. It's another way of using volume to confirm trend.
The MFI is a momentum indicator that measures the flow of money into and out of an asset over some period of time (user input). It's calculated using the RSI, so it can be used similarly to RSI (divergences, overbought, oversold, etc.), but of course unlike the RSI it's calculated primarily using volume and comparing the most recent candle close to the previous one (similar to OBV).
CMF is a volume-weighted average of accumulation and distribution over a some period of time (typically 21). It's a way of measuring accumulation versus
distribution in an asset, and oscillates around a zero line. You would use it similarly to any other oscillator, in that you can look for divergences, and general positive or negative momentum.
Chaikin Oscillator is basically a MACD (without signal line) of the accumulation and distribution index (or line--which is somehow different than simply accumulation and distribution). I haven't looked into these differences deeply, but if you look below at the calculations, and substituted 'ad' for 'accdist' you get very different readings. I actually did that, and what it looks like it would do is turn the actual Oscillator into a MACD signal line. So, by substituting 'ad' for 'accdist' (or the accumulation/distribution index) you produce a signal line of the Chaikin Oscillator.
Anyway, all that confusion out of the way, as I said, it's a MACD on the accumulation and distribution index, therefore it is another zero line oscillator, and similarly to CMF, it's a way of measuring price movements in the chart versus a/d. The zero line isn't just any old zero line, however, it is actually the accumulation distribution line. I've made an OBV version of this by substituting the OBV for AD, so if you prefer OBV maybe you will like that.
Pos. & Neg Net Volume is actually an indicator I had seen made by RafaelZioni. It basically takes net volume, calculates a cumulative of that, then subtracts a moving average of some period from the cumulative net volume in order to create a volume oscillator. Use it like the other oscillators!
Added Donchian Channels, moving averages, Bollinger Bands, colored everything, and alerts.
Enjoy!
Below I will post images with the different indicators, everything on default settings (except for lookback period, which I have adjusted to my personal preferences).
Above is an image with the MFI being compared to the RSI since they are very similar (MFI being basically a volume derivative of the RSI).
Chaikin Money Flow set to lookback of 13. You could probably extend that a bit if you wanted to smooth the line more.
Chaikin Oscillator and Chaikin Oscillator of OBV, with a zoomed in look below, to see the differences more clearly.
CO and COBV closer look.
Positive & Negative Net Volume.
On Balance Volume EMA TrendI have just taken the On Balance Volume and added an EMA with a little color to visualize the current trend.
+ Balance of PowerThe Balance of Power is an indicator that measures the strength of buyers versus that of sellers in the market, and needs to be smoothed by a moving average to be of much practical use (come to think of it, most indicators are smoothed by a moving average; this is why the RSI lookback mostly commonly used is 14, and not 1, but I digress...). I suppose it is possible to use it without smoothing, but that would be very difficult I think.
The oscillator pivots around a center line, and as with most indicators like this, above 0 is generally considered bullish in a bullish trend, and vice versa in a downtrend.
It can be good for spotting divergences (moreso with smaller lookback periods than I like).
To wit, you might be wondering why I have the default lookback period set at such a large number. My only answer I can give is that I prefer it that way.
The indicator is quite choppy, even when smoothed. The long period helps me to make beter sense of the data (smooth it with a Hull or Jurik MA and you get a different story, though).
In my version of this indicator I provide a pretty broad selection of moving averages with which one may choose to smooth out the BOP, as well as an EMA provided to use as a sort of signal line for trade entries and/or exits, taking partial profits, scaling into a position, etc.
I've also added the option for a second BOP, which is on by default. I think you might find the results interesting by pairing differently smoothed BOPs together.
Of course, you don't have to use both. In the case of the default settings you might look at the EMA-BOP crossing the JMA-BOP as an opportunity to look into exiting or entering trades.
Candle coloring is, as usual, included. I'd say I kind of overdid it here, but that seems to be my style. I just couldn't deal with the fact that with the indicator set to cumulative modes there is no zero line, therefor the color of the indicator plot and the candle coloring would not match the color swatches for bullish/bearish colors. So, there are selections for cumulative indicator/candle colors, and standard indicator/candle colors. Donchian Channels obviously doesn't matter because the colors of things are based on the channel only.
I've added Donchian channel bands (which I've begun adding to many of my indicators), and all necessary alerts as well.
The Donchian Channels can be a really effective tool for entering and exiting trades. I haven't mentioned it in my other indicators that have it, so I will here:
The outermost edge of the band is that which references the indicator for where it is plotted, and the inner channel is sort of dragged along, creating the band
It's a simple mathematical calculation that TradingView actually provided themselves in their manual for pinescript.
When the BOP (or any other indicator using this) enters the band and then exits that could be an indication that price may be reversing, this the bands themselves act, or rather, show a current area of support/resistance for the BOP plot.
One thing that I did with it that they did not, is give the user the ability to change the width of the band. It can only go so narrow, obviously, but anywhere from three (quite wide) to eight is probably sufficient.
I've also provided the option of plotting the BOP as a cumulative line (like OBV), making it no longer an indicator which oscillates around a central pivot.
Because the balance of power is plotted as an accumulation, you may actually want to set the lookback to 1 (it works because it's not an oscillator then).
If you wish to smooth the noise, I suspect a low number would be acceptable here, but it's not necessary.
Oh, and lastly (almost forgot, as this was a late addition), I've added options for the BOPs calculated with volume as well. Gives a different bit of a perspective on the market, versus the traditional version which does not include volume. Screenshots below.
The above image is the balance of power calculated with volume. You can see the obvious difference versus the traditional indicator, where price is in a downtrend and you'd want to sell the orange.
Cumulative version. Looks a lot like OBV.
Cumulative version with volume.
ICT New York NY Midnight Open and DividerThis simple indicator plots out ICT's New York midnight open price and a vertical divider at that time.
12am NY time is a key level to watch for daytrading and intraday scalping, often providing entry levels and orderblocks.
The session time may need to be adjusted for different exchanges, but the default is for most of forex.
Alino Forex SystemInizia a fare qualche spiccio con il forex.
Un indicatore di swing trading è uno strumento di analisi tecnica utilizzato per identificare nuove opportunità. Gli swing trader vogliono trarre profitto dai mini trend che sorgono tra alti e bassi (e viceversa). Per fare ciò, devono identificare il nuovo slancio il più rapidamente possibile, quindi utilizzano indicatori.
Ci sono due tipi di opportunità che uno swing trader utilizzerà per identificare gli indicatori: tendenze e breakout. Le tendenze sono movimenti di mercato a lungo termine che contengono oscillazioni a breve termine. I breakout segnano l'inizio di una nuova tendenza.
Gli swing trader potrebbero utilizzare indicatori su quasi tutti i mercati: inclusi forex , indici e azioni .
XBrat Range Breakout - Defining Ranges & The Trading BiasxBrat Range Breakout
Designed to help define opening ranges of major markets, along with Gold Pit opens, Oil Pit opens and for major economic data points. We recommend timeframes for opening ranges on different type of instruments further down this description
There are 6 range data points available, 4 of which are pre-defined (but can be adjusted and renamed) and then 2 spare for those important data points. All the times and label names can be adjusted.
4 Pre-Defined Openings are:
Europe Gold Pit Open (8am Europe time)
London Stock Exchange Open (9am Europe time)
New York Gold Pit Open (8.20am EST)
NYSE Open (9.30am EST)
The range is defined by a parallel coloured cloud which changes colour depending on the BIAS of the opening range, calculated automatically for our users. At the same time the Open Tag is also coloured to help identify the BIAS and indeed which direction traders should trade the Range Breakout after the first candle has closed. The range BIAS continues to be drawn on the chart until the following days open. The colour will change as per the BIAS of that opening range. This allows for multiple entries of breakouts of the defined range throughout the following 24 hours.
Range Breakout BIAS Colours
Green - Bullish BIAS - When first candle has closed only look for breakouts to the upside
Red - Bearish BIAS - When first candle has closed only look for breakouts to the downside
Yellow - Neutral BIAS - When first candle closed, look for breakouts to both upside and downside or best not to trade the breakouts as neutral BIAS indicates indecision
Time Frames we suggest for open ranges of any market open or data points are:
Metals & Energy Futures or CFDs - 5 minute time frame
Currencies - Forex Pairs or Futures - 10 minute time frame
Index Futures or CFDs - 15 minute time frame
Higher Time Frame Chart OverlayHello All,
This script gets OHLC values from any security and Higher/Same time frame you set, then creates the chart including last 10 candles. it shows Symbol name, Time Frame, Highest/Lowest level of last 10 candles and Close Price at the right side of the chart as well. Closing price text color changes by the real-time candle of the related symbol and time frame. The all this was made using the Tables in Pine and the chart location doesn't change even if you change the size of main chart window.
Almost everything can be change as you want. You can change/set:
- Colors of Body and Top/Bottom Wicks separately
- The Height of each Cell
- The Width of Body and Wicks
- The Background and Frame color
- Enable/disable Status Panel (if you disable Status Panel then only candle chart is shown)
- Location of Status Panel
- Text color and Text size
- The Background color of Status Panel
Some examples:
The info shown in Status Panel:
You can change The Height of each Cell and The Width of Body and Wicks
You can change colors:
You can change location of the chart:
If you add the script more than once then you can see the charts for different symbols and time frames: (This may slow down your chart)
If you right-click on the script and choose "Visual Order" => "Bring to front" then it will be better visually:
P.S. Using this script may slow down your chart, especially if you add it more than once
Enjoy!
