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Breadth Indicators

Average Yield InversionDescription: This script calculates and visualizes the average yield curve spread to identify whether the yield curve is inverted or normal. It takes into account short-term yields (1M, 3M, 6M, 2Y) and long-term yields (10Y, 30Y). Positive values: The curve is normal, indicating long-term yields are higher than short-term yields. This often reflects economic growth expectations. Negative values: The curve is inverted, meaning short-term yields are higher than long-term yields, a potential signal of economic slowdown or recession. Key Features: Calculates the average spread between long-term and short-term yields. Displays a clear graph with a zero-line reference for quick interpretation. Useful for tracking macroeconomic trends and potential market turning points. This tool is perfect for investors, analysts, and economists who need to monitor yield curve dynamics at a glance.
Pine Script™ indicator
by cryptoradz
Effective Volume (ADV) v3Effective Volume (ADV) v3: Enhanced Accumulation/Distribution Analysis Tool This indicator is an updated version of the original script by cI8DH, now upgraded to Pine Script v5 with added functionality, including the Volume Multiple feature. The tool is designed for analyzing Accumulation/Distribution (A/D) volume, referred to here as "Effective Volume," which represents the volume impact in alignment with price direction, providing insights into bullish or bearish trends through volume. Accumulation/Distribution Volume Analysis : The script calculates and visualizes Effective Volume (ADV), helping traders assess volume strength in relation to price action. By factoring in bullish or bearish alignment, Effective Volume highlights points where volume strongly supports price movements. Volume Multiple Feature for Volume Multiplication : The Volume Multiple setting (default value 2) allows you to set a multiplier to identify bars where Effective Volume exceeds the previous bar’s volume by a specified factor. This feature aids in pinpointing significant shifts in volume intensity, often associated with potential trend changes. Customizable Aggregation Types : Users can choose from three volume aggregation types: Simple - Standard SMA (Simple Moving Average) for averaging Effective Volume Smoothed - RMA (Recursive Moving Average) for a less volatile, smoother line Cumulative - Accumulated Effective Volume for ongoing trend analysis Volume Divisor : The “Divide Vol by” setting (default 1 million) scales down the Effective Volume value for easier readability. This allows Effective Volume data to be aligned with the scale of the price chart. Visualization Elements Effective Volume Columns : The Effective Volume bar plot changes color based on volume direction: Green Bars : Bullish Effective Volume (volume aligns with price movement upwards) Red Bars : Bearish Effective Volume (volume aligns with price movement downwards) Moving Average Lines : Volume Moving Average - A gray line representing the moving average of total volume. A/D Moving Average - A blue line showing the moving average of Accumulation/Distribution (A/D) Effective Volume. High ADV Indicator : A “^” symbol appears on bars where the Effective Volume meets or exceeds the Volume Multiple threshold, highlighting bars with significant volume increase. How to Use Analyze Accumulation/Distribution Trends : Use Effective Volume to observe if bullish or bearish volume aligns with price direction, offering insights into the strength and sustainability of trends. Identify Volume Multipliers with Volume Multiple : Adjust Volume Multiple to track when Effective Volume has notably increased, signaling potential shifts or strengthening trends. Adjust Volume Display : Use the volume divisor setting to scale Effective Volume for clarity, especially when viewing alongside price data on higher timeframes. With customizable parameters, this script provides a flexible, enhanced perspective on Effective Volume for traders analyzing volume-based trends and reversals.
Pine Script™ indicator
by luc_crypto
Jackson Volume breaker Indication# Jackson Volume Breaker Beta ### Advanced Volume Analysis Indicator ## Description The Jackson Volume Breaker Beta is a sophisticated volume analysis tool that helps traders identify buying and selling pressure by analyzing price action and volume distribution. This indicator separates and visualizes buying and selling volume based on where the price closes within each candle's range, providing clear insights into market participation and potential trend strength. ## Key Features 1. **Smart Volume Distribution** - Automatically separates buying and selling volume - Color-coded volume bars (Green for buying, Red for selling) - Winning volume always displayed on top for quick visual reference 2. **Real-time Volume Analysis** - Shows current candle's buy/sell ratio - Displays total volume with smart number formatting (K, M, B) - Percentage-based volume distribution 3. **Technical Overlays** - 20-period Volume Moving Average - Dynamic scaling relative to price action - Clean, uncluttered visual design ## How to Use ### Installation 1. Add the indicator to your chart 2. Adjust the Volume Scale input based on your preference (default: 0.08) 3. Toggle the Moving Average display if desired ### Reading the Indicator #### Volume Bars - **Green Bars**: Represent buying volume - **Red Bars**: Represent selling volume - **Stacking**: The larger volume (winning side) is always displayed on top - **Height**: Relative to the actual volume, scaled for chart visibility #### Information Table The top-right table shows three key pieces of information: 1. **Left Percentage**: Winning side's volume percentage 2. **Middle Percentage**: Losing side's volume percentage 3. **Right Number**: Total volume (abbreviated) ### Trading Applications 1. **Trend Confirmation** - Strong buying volume in uptrends confirms bullish pressure - High selling volume in downtrends confirms bearish pressure - Volume divergence from price can signal potential reversals 2. **Support/Resistance Breaks** - High volume on breakouts suggests stronger moves - Low volume on breaks might indicate false breakouts - Monitor volume distribution for break direction confirmation 3. **Reversal Identification** - Volume shift from selling to buying can signal potential bottoms - Shift from buying to selling can indicate potential tops - Use with price action for better entry/exit points ## Input Parameters 1. **Volume Scale (0.01 to 1.0)** - Controls the height of volume bars - Default: 0.08 - Adjust based on your chart size and preference 2. **Show MA (True/False)** - Toggles 20-period volume moving average - Useful for identifying volume trends - Default: True 3. **MA Length (1+)** - Changes the moving average period - Default: 20 - Higher values for longer-term volume trends ## Best Practices 1. **Multiple Timeframe Analysis** - Compare volume patterns across different timeframes - Look for volume convergence/divergence - Use higher timeframes for major trend confirmation 2. **Combine with Other Indicators** - Price action patterns - Support/resistance levels - Momentum indicators - Trend indicators 3. **Volume Pattern Recognition** - Monitor for unusual volume spikes - Watch for volume climax patterns - Identify volume dry-ups ## Tips for Optimization 1. Adjust the Volume Scale based on your chart size 2. Use smaller timeframes for detailed volume analysis 3. Compare current volume bars to historical patterns 4. Watch for volume/price divergences 5. Monitor volume distribution changes near key price levels ## Note This indicator works best when combined with proper price action analysis and risk management strategies. It should not be used as a standalone trading system but rather as part of a comprehensive trading approach. ## Version History - Beta Release: Initial public version - Features buy/sell volume separation, moving average, and real-time analysis - Optimized for both intraday and swing trading timeframes ## Credits Developed by Jackson based on other script creators Special thanks to the trading community for feedback and suggestions
Pine Script™ indicator
by jacksonjose4
Volume/Price Divergence v2The "Volume/Price Divergence v2" indicator is designed to analyze the relationship between volume and price movements in a financial market. It helps traders identify potential divergences that may indicate a change in market trends. Here’s a breakdown of how it works: ### Key Components 1. **Volume Calculation**: - **Buying Volume**: This is calculated based on the relationship between the closing price and the high/low range. If the closing price is closer to the low, more volume is attributed to buying. - **Selling Volume**: Conversely, if the closing price is closer to the high, more volume is considered selling. The formulas used are: ```pinescript buyVolume = high == low ? 0 : volume * (close - low) / (high - low) sellVolume = high == low ? 0 : volume * (high - close) / (high - low) ``` 2. **Plotting Volume**: - The total volume is plotted in red and buying volume is plotted in teal. This helps visualize the volume distribution during different price movements. 3. **Rate of Change (ROC)**: - The indicator calculates the rate of change for both volume and price over a specified period. This allows traders to see how volume and price are changing relative to each other. ```pinescript roc = source / source roc2 = source2 / source2 ``` 4. **Volume/Price Divergence (VPD)**: - The VPD is derived from the ratio of the ROC of volume to the ROC of price. This ratio helps identify divergences: - A VPD significantly above 10 may indicate strong divergence, suggesting that price movements are not supported by volume. - A VPD around 1 indicates that volume and price are moving in harmony. 5. **Horizontal Lines**: - The indicator includes horizontal lines at levels 10 (high divergence) and 1 (low divergence), serving as visual cues for traders to assess the market's state. ### Interpretation - **Divergence**: If price makes a new high but volume does not follow (or vice versa), it may signal a potential reversal or weakness in the trend. - **Volume Trends**: Analyzing the buying vs. selling volume can provide insights into market sentiment, helping traders make informed decisions. - **Potential for a Strong Move**: A high VPD during a breakout indicates that while volume is increasing, the price isn’t moving significantly, suggesting that a big price move could be imminent. - **Caution Before Entry**: Traders should be aware that the lack of price movement relative to high volume may signal an impending volatility spike, which could lead to a rapid price change in either direction. Overall, this indicator is useful for traders looking to gauge the strength of price movements and identify potential reversals or breakouts based on volume trends.
Pine Script™ indicator
by GOAT101
Multi TimeFrame VolumeThis script, "Multi TimeFrame Volume," is a TradingView Pine Script indicator that displays volume data across five user-selected timeframes in a table. Each volume is formatted in thousands (K) or millions (M) and color-coded based on the percentage change from the previous value (green for increase, red for decrease, gray if unchanged). The table's position and header colors can be customized. This helps traders quickly see volume trends at different intervals on a single chart
Pine Script™ indicator
by Kadir-EMRE
Heikin Line - TB365Heikin Line - An Enhanced Smoothed Heiken Ashi Overlay Built on the foundation of TheBacktestGuy’s Smoothed Heiken Ashi indicator, Heikin Line takes trend analysis to the next level with versatile enhancements and adaptable settings. This indicator offers selectable moving averages both before and after Heiken Ashi (HA) calculation, adding an additional layer of smoothness to traditional HA candles. Key Features: Trend Identification: Detects short and long-term trend directions with greater clarity. Dynamic Support and Resistance: Not limited to a single line, Heikin Line creates a dynamic support/resistance zone, offering a visual “height” that adjusts with market shifts. Trailing Stop: Effective as a trailing stop for enhanced risk management. Trend Reversal Detection: Quickly identifies potential reversals when price crosses above or below the Heiken Ashi candle. Improvements: Trend Strength Visualization: Uses a cord-like appearance to reflect trend strength, making it easier to spot strong or weak trends. Quick Reversal Detection: Enhanced responsiveness to detect rapid market reversals. Easy Integration: Seamlessly combines with other indicators for a comprehensive trading setup. With numerous moving average options, Heikin Line is adjustable to suit various market conditions and trading styles. Additionally, it leverages my TAExt library, so you can use it within your own strategies for added versatility.
Pine Script™ indicator
by tradebot_365
Harmony Signal Flow By ArunThis Pine Script strategy, titled "Harmony Signal Flow By Arun," uses the Relative Strength Index (RSI) indicator to generate buy and sell signals based on custom thresholds. The script incorporates stop-loss and target management and restricts new trades until the previous position closes. Here's a detailed description: Custom RSI Metric: The strategy calculates a 5-period RSI based on the closing price, aiming for a more responsive measure of price momentum. RSI thresholds are defined: Lower threshold (30): Indicates oversold conditions, triggering a potential buy. Upper threshold (70): Indicates overbought conditions, prompting a possible sell. Entry Conditions: Buy Signal: The strategy initiates a buy order when the RSI crosses above the lower threshold (30), indicating a shift from oversold conditions. Sell Signal: A sell order is triggered when the RSI crosses below the upper threshold (70), suggesting an overbought reversal. Only one order (buy or sell) can be active at a time, ensuring that a new trade begins only when there’s no existing position. Stop-Loss and Target Management: For each trade, stop-loss and target conditions are applied to manage risk and secure profits. For Buy Positions: Stop-loss is set 100 points below the entry price. Target is set 150 points above the entry price. For Sell Positions: Stop-loss is set 100 points above the entry price. Target is 150 points below the entry price. The strategy closes the trade when either the stop-loss or target is met, marking the trade as "closed" and allowing a new trade entry. Trade Sequencing: A new trade (buy or sell) is only permitted after the previous position hits either its stop-loss or target, preventing overlapping trades and ensuring clear trade sequences. This sequential approach enhances risk management by ensuring only one active position at any time. End-of-Day Closure: All open positions are closed automatically at 3:25 PM (Indian market time) to avoid overnight exposure, ensuring the strategy remains strictly intraday. The flag for trade entry is reset at the end of each day, enabling fresh trades the next day. Chart Indicators: The script plots buy and sell signals directly on the chart with visible labels. It also displays the custom RSI metric with horizontal lines for the lower and upper thresholds, providing visual cues for entry and exit points. Summary This strategy is a momentum-based intraday trading approach that uses the RSI for identifying potential reversals and manages trades through predefined stop-loss and target levels. By enforcing trade sequencing and closing positions at the end of the trading day, it prioritizes risk management and seeks to capitalize on short-term trends while avoiding overnight market risks.
Pine Script™ strategy
by index10
SimpleChart Indicator V1copyThe SimpleChart Indicator V1 is a technical analysis tool designed to facilitate trading decisions by providing clear buy and sell signals based on the relationship between the price and a Simple Moving Average (SMA). This indicator is especially useful for traders who prefer a straightforward, rule-based approach to market analysis. Key Features: Simple Moving Average (SMA): The core of the indicator is the SMA, which smooths price data over a specified period (default is 14 periods). This helps to identify the overall trend direction by filtering out short-term fluctuations. Buy Signal: A buy signal is generated when the price crosses above the SMA. This indicates a potential upward trend, suggesting that it may be a good time to enter a long position. Sell Signal: Conversely, a sell signal is triggered when the price crosses below the SMA. This suggests a potential downward trend, indicating that it may be time to exit a long position or consider a short position. Visual Representation: The indicator provides clear visual cues on the chart: Buy signals are marked with green labels below the bars. Sell signals are marked with red labels above the bars. The SMA line is plotted in blue, making it easy to identify the trend. Benefits of Using SimpleChart Indicator V1: User-Friendly: The indicator is easy to understand and implement, making it suitable for both novice and experienced traders. Clarity in Decision Making: By providing distinct signals, the indicator helps traders make quick decisions based on the market's behavior concerning the moving average. Trend Following: The SimpleChart Indicator V1 is particularly effective in trending markets, allowing traders to capture significant price movements. Use Cases: Day Trading: Traders can use the indicator for short-term trades by reacting quickly to buy and sell signals. Swing Trading: The SMA helps identify trends over a longer period, making it suitable for swing traders looking to capitalize on price movements. In summary, the SimpleChart Indicator V1 is a valuable tool for traders seeking a straightforward and effective way to analyze market trends and make informed trading decisions.
Pine Script™ indicator
by Rixhy45
Confluence StrategyOverview of Confluence Strategy The Confluence Strategy in trading refers to the combination of multiple technical indicators, support/resistance levels, and chart patterns to identify high-probability trading opportunities. The idea is that when several indicators agree on a price movement, the likelihood of that movement being successful increases. Key Components Technical Indicators: Moving Averages (MA): Commonly used to determine the trend direction. Look for crossovers (e.g., the 50-day MA crossing above the 200-day MA). Relative Strength Index (RSI): Helps identify overbought or oversold conditions. A reading above 70 may indicate overbought conditions, while below 30 suggests oversold. MACD (Moving Average Convergence Divergence): Useful for spotting changes in momentum. Look for MACD crossovers and divergence from price. Support and Resistance Levels: Identify key levels where price has historically reversed. These can be drawn from previous highs/lows, Fibonacci retracement levels, or psychological price levels. Chart Patterns: Patterns like head and shoulders, double tops/bottoms, or flags can indicate potential reversals or continuations in price. Strategy Implementation Set Up Your Chart: Add the desired indicators (e.g., MA, RSI, MACD) to your TradingView chart. Mark significant support and resistance levels. Identify Confluence Points: Look for situations where multiple indicators align. For instance, if the price is near a support level, the RSI is below 30, and the MACD shows bullish divergence, this may signal a buying opportunity. Entry and Exit Points: Entry: Place a trade when your confluence conditions are met. Use limit orders for better prices. Exit: Set profit targets based on resistance levels or use trailing stops. Consider the risk-reward ratio to ensure your trades are favorable. Risk Management: Always implement stop-loss orders to protect against unexpected market moves. Position size should reflect your risk tolerance. Example of a Confluence Trade Setup: Price approaches a strong support level. RSI shows oversold conditions (below 30). The 50-day MA is about to cross above the 200-day MA (bullish crossover). Action: Enter a long position as the conditions align. Set a stop loss just below the support level and a take profit at the next resistance level. Conclusion The Confluence Strategy can significantly enhance trading accuracy by ensuring that multiple indicators support a trade decision. Traders on TradingView can customize their indicators and charts to fit their personal trading styles, making it a flexible approach to technical analysis.
Pine Script™ indicator
by SANDEEPMG1985
OBV based on MADescription: This indicator calculates On-Balance Volume (OBV) based on the direction of a Simple Moving Average (SMA). Instead of using price movements, this OBV adds or subtracts volume depending on whether the SMA is rising or falling. SMA-based OBV: When the SMA rises, the volume is added to the OBV. When the SMA falls, the volume is subtracted from the OBV. This allows traders to observe cumulative volume in relation to the wave patterns created by the SMA. SMA Period: The period of the SMA can be customized, allowing traders to adjust it according to the wave size they want to observe. While the cumulative volume indicator already exists, traders who analyze volume patterns can use this indicator to more easily conduct volume analysis across different wave sizes. Inputs: SMA Period: Defines the lookback period for calculating the Simple Moving Average (default is 25). Ideal for: Traders who want to analyze volume flow relative to moving average trends, rather than price movements. This can help identify underlying strength or weakness in market trends. 説明: このインジケーターは、単純移動平均（SMA）の方向に基づいてオンバランス・ボリューム（OBV）を計算します。価格の動きではなく、SMAが上昇しているときは出来高を加算し、SMAが下降しているときは出来高を減算します。 SMA基準のOBV: SMAが上昇している場合はOBVに出来高が加算され、SMAが下降している場合は出来高が減算されます。これにより、SMAが作る波形に即した累積出来高を観察することができます。 SMA期間: トレーダーが見たい波のサイズ感に応じて、SMAの期間をカスタマイズできます。 既に累積出来高（Cumulative Volume）というインジケーターは存在しますが、波形を基に出来高を分析しているトレーダーは、このインジケーターを使うことで、様々なサイズの波形に即した出来高分析をより簡単に行うことができます。 入力項目: SMA期間: 単純移動平均の計算に使用される期間を定義します（デフォルトは25）。 適しているトレーダー: より波形に即した累積出来高分析を重視するトレーダーに最適です。
Pine Script™ indicator
by miyabi_fx