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Breadth Indicators

AlgoDude_Volume1. Timeframe Selection (selectedTimeframe): Allows the user to choose the timeframe for the volume data analysis. Options range from 1 minute to 1 month, including 1, 3, 5, 15, 30, 45 minutes, 1, 2, 3, 4 hours, and daily, weekly, monthly. 2.Moving Average Length (maLength): Users can specify the length of the moving average applied to the inverse volume. The range for this input is from 1 to 200 periods, with a default value of 14. These inputs provide flexibility in analyzing volume data over various timeframes and smoothing the inverse volume data with a moving average of chosen length.
Pine Script™ indicator
by gelhead
Auto Fibonacci Retracement // Atilla YurtsevenOverview: This Pine Script™ is a specialized tool for traders, designed to automatically plot Fibonacci retracement levels over a user-defined date range in trading charts. It also indicates the extent of price retracement within these levels. Key Features: Date Range Customization: Users can specify the start and end dates to focus the analysis on a particular trading period. Dynamic Fibonacci Levels: The script includes various Fibonacci ratios (0.0, 0.236, 0.382, 0.5, 0.618, 0.786, 1.0), with the flexibility to enable or disable individual levels. Visual Customization: Each Fibonacci level can be customized for color and line style (solid, dotted, dashed). Labels for each level are also configurable. Retracement Measurement: The script not only draws the Fibonacci levels but also measures and displays how much the price has retraced within these levels. Extension and Additional Options: Users have options to extend the Fibonacci lines and additional features such as using close values, trend drawing, date range display, and more. Technical Insights: The script identifies high and low values within the selected time frame, assessing the market's trend direction. Within the specified date range, this script effortlessly plots the Fibonacci levels automatically, bringing clarity and precision to your market analysis as it unfolds. The tool's adaptability makes it suitable for various trading styles and chart preferences. Intended Use: This script is particularly valuable for technical analysts and traders who use Fibonacci retracements to identify potential support and resistance areas and understand the depth of market corrections or rallies. Disclaimer: This Pine Script™ is offered 'as is', without any guarantees or warranties. It is intended for informational purposes and should not be taken as investment advice. Atilla Yurtseven, the creator of this script, assumes no responsibility for any financial losses or gains that may result from its usage. Users should perform their own due diligence and consult with professional advisors before making any investment decisions. Remember to follow and comment! Trade smart, stay safe Atilla Yurtseven
Pine Script™ indicator
by AtillaYurtseven
11
Klinger Oscillator AdvancedThe Klinger Oscillator is not fully implemented in Tradeview. While the description at de.tradingview.com is complete, the implementation is limited to the pure current volume movement. This results in no difference compared to the On Balance Volume indicator. However, Klinger's goal was to incorporate the trend as volume force in its strength and duration into the calculation. The expression ((V x x T x 100)) for volume force only makes sense as an absolute value, which should probably be expressed as ((V x abs(2 x ((dm/cm) - 1)) x T x 100)). Additionally, there is a need to handle the theoretical possibility of cm == 0. Since, in general, significantly more trading volume occurs at the closing price than during the day, an additional parameter for weighting the closing price is implemented. In intraday charts, considering the closing price, in my opinion, does not make sense. The TradeView implementation is displayed on the chart for comparison. Particularly in the analysis of divergence, significant deviations become apparent.
Pine Script™ indicator
by GreyGoliath
2
Enhanced McClellan Summation Index The Enhanced McClellan Summation Index (MSI) is a comprehensive tool that transforms the MSI indicator with Heikin-Ashi visualization, offering improved trend analysis and momentum insights. This indicator includes MACD and it's histogram calculations to refine trend signals, minimize false positives and offer additional momentum analysis. Methodology: McClellan Summation Index (MSI) - The MSI begins by calculating the ratio between advancing and declining issues in the specified index. float decl = 𝘐𝘯𝘥𝘪𝘤𝘦 𝘥𝘦𝘤𝘭𝘪𝘯𝘪𝘯𝘨 𝘪𝘴𝘴𝘶𝘦𝘴 float adv = 𝘐𝘯𝘥𝘪𝘤𝘦 𝘢𝘥𝘷𝘢𝘯𝘤𝘪𝘯𝘨 𝘪𝘴𝘴𝘶𝘦𝘴 float ratio = (adv - decl) / (adv + decl) It then computes a cumulative sum of the MACD (the difference between a 19-period EMA and a 39-period EMA) of this ratio. The result is a smoothed indicator reflecting market breadth and momentum. macd(float r) => ta.ema(r, 19) - ta.ema(r, 39) float msi = ta.cum(macd(ratio)) Heikin-Ashi Transformation - Heikin-Ashi is a technique that uses a modified candlestick formula to create a smoother representation of price action. It averages the open, close, high, and low prices of the current and previous periods. This transformation reduces noise and provides a clearer view of trends. type bar float o = open float h = high float l = low float c = close bar b = bar.new() float ha_close = math.avg(b.o, b.h, b.l, b.c) MACD and Histogram - The Enhanced MSI incorporates MACD and histogram calculations to provide additional momentum analysis and refine trend signals. The MACD represents the difference between the 12-period EMA and the 26-period EMA of the MSI. The histogram is the visual representation of the difference between the MACD and its signal line. Options: Index Selection - Choose from TVC:NYA , NASDAQ:NDX , or TVC:XAX to tailor the MSI-HA to the desired market index. MACD Settings - Adjust the parameters for the MACD calculation to fine-tune the indicator's responsiveness. Ratio Multiplier - Apply scaling to the MSI to suit different market conditions and indices. Benefits of Heikin-Ashi - Smoothed Trends - Heikin-Ashi reduces market noise, providing a more apparent and smoothed representation of trends. Clearer Patterns - Candlestick patterns are more distinct, aiding in the identification of trend reversals and continuations. Utility and Use Cases: Trend & Momentum Analysis - Utilize the tool's Heikin-Ashi visualization for clearer trend identification in confluence with it's MACD and histogram to gain additional insights into the strength and direction of trends, while filtering out potential false positives. Breadth Analysis - Explore market breadth through the MSI's cumulative breadth indicator, gauging the overall health and strength of the underlying market. - Alerts Setup Guide - The Enhanced MSI is a robust indicator that combines the breadth analysis of the McClellan Summation Index with the clarity of Heikin-Ashi visualization and additional momentum insights from MACD and histogram calculations. Its customization options make it adaptable to various indices and market conditions, offering traders a comprehensive tool for trend and momentum analysis.
Pine Script™ indicator
by EliCobra
5
buy/sell signals with Support/Resistance (InvestYourAsset) 📣The present indicator is a MACD based buy/sell signals indicator with support and resistance, that can be used to identify potential buy and sell signals in a security's price. 📣It is based on the MACD (Moving Average Convergence Divergence) indicator, which is a momentum indicator that shows the relationship between two moving averages of a security's price. 📣 The indicator also plots support and resistance levels, which can be used to confirm buy and sell signals. The support and resistance can also be used as a stoploss for existing position. 👉 To use the indicator, simply add it to your trading chart. The indicator will plot three sections: 📈 Price and Signals: This section plots the security's price and the MACD buy and sell signals. 📈 MACD Oscillator: This section plots the MACD oscillator, which is a histogram that shows the difference between the two moving averages. 📈 Moving Averages: This section plots the two moving averages that the MACD oscillator is based on. 📈 Support and Resistance: This section plots support and resistance levels, which are calculated based on the security's recent price action. 👉 To identify buy and sell signals, you can look for the following: 📈 Buy signal: When shorter Moving Average crosses over longer Moving Average. 📈 Sell signal: When shorter moving average crosses under longer moving average. 📈 You can also look for divergences between the MACD oscillator and the security's price. A divergence occurs when the MACD oscillator is moving in one direction, but the security's price is moving in the opposite direction. Divergences can be a sign of a potential trend reversal. 👉 To confirm buy and sell signals, you can look for support and resistance levels take a look at below snapshot. If a buy signal occurs at a support level, it is a stronger signal than if it occurs at a random price level. Similarly, if a sell signal occurs at a resistance level, it is a stronger signal than if it occurs at a random price level. ⚡ Here is a example of how to use the indicator to identify buy signal: ☑ Add the indicator to your trading chart. ☑Look for a buy signal when short MA crosses over Long MA. ☑Look for the buy signal to occur at a support level. ☑Enter a long position at the next candle. ☑Place a stop loss order below the support level. ☑Take profit when the MACD line crosses below the signal line, or when the security reaches a resistance level. ⚡ Here is an example of how to use the indicator to identify a sell signal: ☑Add the indicator to your trading chart. ☑Look for a sell signal, when shorter moving average crosses under longer moving average. ☑Look for the sell signal to occur at a resistance level. ☑Enter a short position at the next candle. ☑Place a stop loss order above the resistance level. ☑Take profit when the MACD line crosses above the signal line, or when the security reaches a support level. ✅Things to consider while using the indicator: 📈Look for buy signals in an uptrend and sell signals in a downtrend. This will increase the likelihood of your trades being successful. 📈Place your stop losses below the previous swing low or support for buy signals and above the previous swing high or resistance for sell signals. This will help to limit your losses if the trade goes against you. 📈Consider taking profits at key resistance and support levels. This will help you to lock in your profits and avoid giving them back to the market. Follow us for timely updates regarding indicators that we may publish in future and give it a like if you appreciate the indicator.
Pine Script™ indicator
by InvestyourAsset
9
Multimarket Direction indicatorTrendline trading with resistant and support made by me. Im bad coder and just jump into the tradingview pine script 1 days before so please don't hates me - I don't know why my script is ded before lol Signals to trade up 1. The big candles up cross the ema200 (last 5 candles for confirmation) 2. Wait for showing the up triangle. 3. Lookup the resistant/support line. If near the resistant please consider to wait if it break then join the trade 4. Only out trade when it has a down triagle or the candles has big down candles at the resistant/support line. That it...
Pine Script™ indicator
by quanvntaoiyeuquehuongvn
WP_MMThis indicator is set with 3 EMA's: - EMA9 - EMA20 - EMA50 When EMA9 is up to EMA20 and: - the distance between them is up to 30 ticks - both is directional ( diff between current ema and last ema is up to 15 ticks ) the range will be painted in green. And if the EMA 9 is below EMA20 and the same rules above is true, rthe range will be painted in red Strengh Candle: - Candle without huge shadow - If is bearish minium down shadow - if is bullish minimum up shadow OBS: More info inside code comments
Pine Script™ indicator
by Wpkenpachi
Price Deviation This indicator, named "Price Deviation," is designed to compare the percentage change in the price of the current instrument (e.g., BNBUSDT.P) with a comparison instrument (e.g., BTCUSDT.P) over a specified timeframe. It provides the option to apply smoothing to the data and displays the results as lines on the chart. The blue line represents the percentage change in the current instrument, and the red line represents the percentage change in the comparison instrument. Additionally, labels are created for both instruments, showing their names, with the blue label for the current instrument and the red label for the comparison instrument. ------------ Этот индикатор с названием "Price Deviation" разработан для сравнения процентного изменения цены текущего инструмента (например, BNBUSDT.P) с инструментом сравнения (например, BTCUSDT.P) за определенный временной интервал. Он предоставляет опцию для сглаживания данных и отображает результаты в виде линий на графике. Синяя линия представляет собой процентное изменение цены текущего инструмента, а красная линия - процентное изменение цены инструмента сравнения. Кроме того, создаются метки для обоих инструментов, отображая их названия, с синей меткой для текущего инструмента и красной меткой для инструмента сравнения.
Pine Script™ indicator
by Anikeev_Pavel
Previous Day High and Low + Separators Daily/WeeklyPrevious Day High and Low + Separators Daily/Weekly is an indicator based on separators of days and weeks and at the same time points out the previous highs and lows, everything is marked by lines, it consists of creating a clean graph and separated by the different trading days, referring to the extreme points created the previous day. USEAGE Point to each day of the week at the top of the chart to get a time location in your trading week and day sparation determined by 00:00 of any timezone. The reference of the previous day's higs and LOWS is vitally important to understand which direction is most likely for the next day, either continuation or reversal. DETAILS As you can see you will be able to adapt these lines according to your chart design and with the desired intensity of appearance. SETTINGS UTC OFFSET: Determine your TIMEZONE in this section. DAILY SEPARATOR: You have the option to change the color, style, width and text color. WEEKLY SEPARATOR: You have the option to change the color, style, width and text color. PREVIOUS HIGS & LOWS: You have the option to change the color, style, width and text color.
Pine Script™ indicator
by Algoryze
16
Enio_SPX_Accumulation/DistributionThis indicator handles the same inputs used for classic Accumulation and Distribution indicators, but performs the calculations in a different way. This indicator is used to compare the positive volume (up volume) and the number of advancing stocks against the negative volume (down volume) and the number of declining stocks. This indicator only measures SPX market breadth (Advancing issues, Declining issues) and SPX volume (Up and down volume)so it is for use only with SPX, SPY or MES. It can also be used with ES, but data outside of regular trading hours is not provided, the indicator in those cases will print a block of the same height and same color as the last RTH bar. When the histogram is positive or green, the bars change to a lighter color if the current bar is less than the average of the last 3 bars. A continued set of bars with a lighter color could mean that the trend is about to change. When the histogram is negative or red, the bars change to a lighter color if the current bar is greater than the average of the last 3 bars. A continued set of bars with a lighter color could mean that the trend is about to change. When the histogram height is low, could signal a choppy market (SPX). The histogram can help indicate a trending market when the opening trend is maintained and the color of the bars does not change, for example, a solid green increasing histogram can indicate a bullish trending market, while a solid red decreasing histogram will indicate a strong bearish trend. In intraday trading the indicator can signal if the SPX price changes are supported by volume and market breadth and also allows you to see when these changes or trend are weakening. The change from green (positive) to red (negative) and vice versa should not be taken alone as a buy/sell signal but as a confirmation of signals from other indicators you trust. Due to the great specific weight that some stocks have within the SPX price calculation, the divergences of this indicator with SPX, can be taken as warning signals, but should not become an element of trading decisions. . You could see a negative histogram while SPX is positive and vice versa.
Pine Script™ indicator
by Point-Blank-Trading
2
TPG.Buy sell RSI Scapl XAUThis is a tool that is widely used Especially for Overbought and Oversold systems, but I have made some changes in this indicator, How to use it... I have set it as the default setting - RSI Length: 6 (<10 for scalping - 5m-15m) - Overbought: 70 - Oversold: 30 What is unique about this tool? we can see 3 conditions: 1) RSI Overbought / Oversold with Bullish Engulfing / Bearish Engulfing 2) RSI Overbought / Oversold with Hammer and Shooting Star 3) RSI Overbought / Oversold with 2 Bullish Bars / 2 Bearish Bars 4) RSI Overbought / Oversold with All Patterns at the same time When the RSI reaches its Oversold line, the code will wait for Bullish Engulfing pattren, when oversold and Bullish engulfing matched, This indicator will generate a buy signal when the condition is met, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for Bearish Engulfing pattren, This indicator will generate a sell/exit signal when the condition is met, 2nd condition is that a Hammer candle will be waited for when RSI touches the Overbought line, for Bullish Move and Shooting Star candle will be waited for when RSI touches the Overbought line, for Bullish Move, for Bearish Move 3rd Condition is also the same as Condition 1 and Condition 2, When the RSI reaches its Oversold line, the code will wait for 2 Bullish Bars, when oversold and 2 Bullish Bars matched then this indicator will generate a buy signal, and same as for Bear market, When the RSI reaches its Overbought line, the code will wait for 2 Bearish Bars, when overbought and 2 Bearish Bars matched then this indicator will generate a Sell signal, 4th Condition is that we can use All Conditions at the same time, - Bullish Engulfing / Bearish Engulfing - Hammer and Shooting Star - 2 Bullish Bars / 2 Bearish Bars
Pine Script™ indicator
by TrungChuThanh
13
Market Internals (TICK, ADD, VOLD, TRIN, VIX)OVERVIEW This script allows you to perform data transformations on Market Internals, across exchanges, and specify signal parameters, to more easily identify sentiment extremes. Notable transformations include: 1. Cumulative session values 2. Directional bull-bear Ratios and Percent Differences 3. Data Normalization 4. Noise Reduction This kind of data interaction is very useful for understanding the relationship between two mutually exclusive metrics, which is the essence of Market Internals: Up vs. Down. Even so, they are not possible with symbol expressions alone. And the kind of symbol expression needed to produce baseline data that can be reliably transformed is opaque to most traders, made worse by the fact that prerequisite symbol expressions themselves are not uniform across symbols. It's very nuanced, and if this last bit was confusing … exactly. All this to say, rather than forcing that burden onto you, I've baked the baseline symbol expressions into the indicator so: 1) the transform functions consistently ingest the baseline data in the correct format and 2) you don't have to spend time trying to figure it all out. Trading is hard. There's no need to make it harder. INPUTS Indicator Allows you to specify the base Market Internal and Exchange data to use. The list of Market Internals is simplified to their fundamental representation (TICK, ADD, VOLD, TRIN, VIX, ABVD, TKCD), and the list of Exchange data is limited to the most common (NYSE, NASDAQ, All US Stocks). There are also options for basic exchange combinations (Sum or Average of NYSE & NASDAQ). Mode Short for "Plot Mode", this is where you specify the bars style (Candles, Bars, Line, Circles, Columns) and the source value (used for single value plots and plot color changes). Scale This is the first and second data transformation grouped together. The default is to show the origin data as it might appear on a chart. You can then specify if each bar should retain it's unique value (Bar Value) or be added to a running total (Cumulative). You can also specify if you would like the data to remain unaltered (Raw) or converted to a directional ratio (Ratio) or a percentage (Percent Diff). These options determine the scale of the plot. Both Ratio and Percent Diff. convert a given symbol into a positive or negative number, where positive numbers are bullish and negative numbers are bearish. Ratio will divide Bull values by Bear values, then further divide -1 by the quotient if it is less than 1. For example, if "0.5" was the quotient, the Ratio would be "-2". Percent Diff. subtracts Bear values from Bull values, then divides that difference by the sum of Bull and Bear values multiplied by 100. If a Bull value was "3" and Bear value was "7", the difference would be "-4", the sum would be "10", and the Percent Diff. would be "-40", as the difference is both bearish and 40% of total. Ratio Norm. Threshold This is the third data transformation . While quotients can be less than 1, directional ratios are never less than 1. This can lead to barcode-like artifacts as plots transition between positive and negative values, visually suggesting the change is much larger than it actually is. Normalizing the data can resolve this artifact, but undermines the utility of ratios. If, however, only some of the data is normalized, the artifact can be resolved without jeopardizing its contextual usefulness. The utility of ratios is how quickly they communicate proportional differences. For example, if one side is twice as big as the other, "2" communicates this efficiently. This necessarily means the numerical value of ratios is worth preserving. Also, below a certain threshold, the utility of ratios is diminished. For example, an equal distribution being represented as 0, 1, 1:1, 50/50, etc. are all equally useful. Thus, there is a threshold, above which we want values to be exact, and below which the utility of linear visual continuity is more important. This setting accounts for that threshold. When this setting is enabled, a ratio will be normalized to 0 when 1:1, scaled linearly toward the specified threshold when greater than 1:1, and then retain its exact value when the threshold is crossed. For example, with a threshold of "2", 1:1 = 0, 1.5:1 = 1, 2:1 = 2, 3:1 = 3, etc. With all this in mind, most traders will want to set the ratios threshold at a level where accuracy becomes more important than visual continuity. If this level is unknown, "2" is a good baseline. Reset cumulative total with each new session Cumulative totals can be retained indefinitely or be reset each session. When enabled, each session has its own cumulative total. When disabled, the cumulative total is maintained indefinitely. Show Signal Ranges Because everything in this script is designed to make identifying sentiment extremes easier, an obvious inclusion would be to not only display ranges that are considered extreme for each Market Internal, but to also change the color of the plot when it is within, or beyond, that range. That is exactly what this setting does. Override Max & Min While the min-max signal levels have reasonable defaults for each symbol and transformation type, the Override Max and Override Min options allow you to … (wait for it) … override the max … and min … signal levels. This may be useful should you find a different level to be more suitable for your exact configuration. Reduce Noise This is the fourth data transformation . While the previous Ratio Norm. Threshold linearly stretches values between a threshold and 0, this setting will exponentially squash values closer to 0 if below the lower signal level. The purpose of this is to compress data below the signal range, then amplify it as it approaches the signal level. If we are trying to identify extremes (the signal), minimizing values that are not extreme (the noise) can help us visually focus on what matters. Always keep both signal zones visible Some traders like to zoom in close to the bars. Others prefer to keep a wider focus. For those that like to zoom in, if both signals were always visible, the bar values can appear squashed and difficult to discern. For those that keep a wider focus, if both signals were not always visible, it's possible to lose context if a signal zone is vertically beyond the pane. This setting allows you to decide which scenario is best for you. Plot Colors These define the default color, within signal color, and beyond signal color for Bullish and Bearish directions. Plot colors should be relative to zero When enabled, the plot will inherit Bullish colors when above zero and Bearish colors when below zero. When disabled and Directional Colors are enabled (below), the plot will inherit the default Bullish color when rising, and the default Bearish color when falling. Otherwise, the plot will use the default Bullish color for all directions. Directional colors When the plot colors should be relative to zero (above), this changes the opacity of a bars color if moving toward zero, where "100" percent is the full value of the original color and "0" is transparent. When the plot colors are NOT relative to zero, the plot will inherit Bullish colors when rising and Bearish colors when falling. Differentiate RTH from ETH Market Internal data is typically only available during regular trading hours. When this setting is enabled, the background color of the indicator will change as a reminder that data is not available outside regular trading hours (RTH), if the chart is showing electronic trading hours (ETH). Show zero line Similar to always keeping signal zones visible (further up), some traders prefer zooming in while others prefer a wider context. This setting allows you to specify the visibility of the zero line to best suit your trading style. Linear Regression Polynomial regressions are great for capturing non-linear patterns in data. TradingView offers a "linear regression curve", which this script is using as a substitute. If you're unfamiliar with either term, think of this like a better moving average. Symbol While the Market Internal symbol will display in the status line of the indicator, the status line can be small and require more than a quick glance to read properly. Enabling this setting allows you to specify if / where / how the symbol should display on the indicator to make distinguishing between Market Internals more efficient. Speaking of symbols, this indicator is designed for, and limited to, the following … TICK - The TICK subtracts the total number of stocks making a downtick from the total number of stocks making an uptick. ADD - The Advance Decline Difference subtracts the total number of stocks below yesterdays close from the total number of stocks above yesterdays close. VOLD - The Volume Difference subtracts the total declining volume from the total advancing volume. TRIN - The Arms Index (aka. Trading Index) divides the ratio of Advancing Stocks / Volume by the ratio of Declining Stocks / Volume. Given the inverse correlation of this index to market movement, when transforming it to a Ratio or Percent Diff., its values are inverted to preserve the bull-bear sentiment of the transformations. VIX - The CBOE Volatility Index is derived from SPX index option prices, generating a 30-day forward projection of volatility. Given the inverse correlation of this index to market movement, when transforming it to a Ratio or Percent Diff., its values are inverted and normalized to the sessions first bar to preserve the bull-bear sentiment of the transformations. Note: If you do not have a Cboe CGIF subscription , VIX data will be delayed and plot unexpectedly. ABVD - The Above VWAP Difference is an unofficial index measuring all stocks above VWAP as a percent difference. For the purposes of this indicator (and brevity), TradingViews PCTABOVEVWAP has has been shortened to simply be ABVD. TKCD - The Tick Cumulative Difference is an unofficial index that subtracts the total number of market downticks from the total number of market upticks. Where "the TICK" (further up) is a measurement of stocks ticking up and down, TKCD is a measurement of the ticks themselves. For the purposes of this indicator (and brevity), TradingViews UPTKS and DNTKS symbols have been shorted to simply be TKCD. INSPIRATION I recently made an indicator automatically identifying / drawing daily percentage levels , based on 4 assumptions. One of these assumptions is about trend days. While trend days do not represent the majority of days, they can have big moves worth understanding, for both capitalization and risk mitigation. To this end, I discovered: • Article by Linda Bradford Raschke about Capturing Trend Days. • Video of Garrett Drinon about Trend Day Trading. • Videos of Ryan Trost about How To Use ADD and TICK. • Article by Jason Ruchel about Overview of Key Market Internals. • Including links to resources outside of TradingView violates the House Rules, but they're not hard to find, if interested. These discoveries inspired me adopt the underlying symbols in my own trading. I also found myself wanting to make using them easier, the net result being this script. While coding everything, I also discovered a few symbols I believe warrant serious consideration. Specifically the Percent Above VWAP symbols and the Up Ticks / Down Ticks symbols (referenced as ABVD and TKCD in this indicator, for brevity). I found transforming ABVD or TKCD into a Ratio or Percent Diff. to be an incredibly useful and worthy inclusion. ABVD is a Market Breadth cousin to Brian Shannon's work, and TKCD is like the 3rd dimension of the TICKs geometry. Enjoy.
Pine Script™ indicator
by liquid-trader
67
Correlational cyclesCorrelation is a statistical measure that expresses the extent to which two variables are linearly related (meaning they change together at a constant rate). It's a common tool for describing simple relationships without making a statement about cause and effect. This script allows the user to input a multiplier to reverse the symbol input. This enables the user to look at a correlation measure between VIX and QQQ and the same time.. And get a better of understanding of what is not alligning and what is. the peaks in correlations usually signal a coming volatile period.
Pine Script™ indicator
by Kowalski_Trader
Yearly and 12-Week Percentage Difference with EMAThe indicator "Yearly and 12-Week Percentage Difference with EMA" is designed to display the annual and 12-week difference in the percentage variability of asset prices, as well as their exponential moving averages (EMA) on the TradingView chart. EMA Period (EMA Period): This is a configurable parameter that allows you to select a period for calculating the EMA. Yearly % Difference (Annual percentage difference): This indicator shows the percentage difference between the current price and the asset price a year ago on weekly bars. The graph is displayed in blue. 12-Week % Difference (12 weeks difference as a percentage): This indicator shows the percentage difference between the current price and the asset price 12 weeks ago on weekly bars. The graph is displayed in green. Zero Line (Zero Line): This black line on the chart shows the zero level. EMA of Yearly % Difference (EMA of annual percentage difference): This line represents the exponential moving average (EMA) of the annual percentage difference. The graph is displayed in red. EMA of 12-Week % Difference (EMA of the difference over 12 weeks as a percentage): This line represents the exponential moving average (EMA) of the difference over 12 weeks as a percentage. The graph is displayed in orange. Use this indicator to analyze the percentage variability of asset prices on an annual and 12-week basis, as well as to track their EMA, which can help in making trading decisions. Русская версия \\\\\ Индикатор "Разница в процентах за год и за 12 недель с EMA" предназначен для отображения цены от год к году, и за 12 недель процентной изменчивости цен актива, а также их экспоненциальных скользящих средних (EMA) на графике TradingView. - EMA Period (Период EMA): Это настраиваемый параметр, который позволяет выбрать период для расчета EMA. - Yearly % Difference (Годовая разница в процентах): Этот индикатор показывает процентную разницу между текущей ценой и ценой актива год назад на недельных барах. График отображается синим цветом. - 12-Week % Difference (Разница за 12 недель в процентах): Этот индикатор показывает процентную разницу между текущей ценой и ценой актива 12 недель назад на недельных барах. График отображается зеленым цветом. - Zero Line (Линия нуля): Эта черная линия на графике показывает нулевой уровень. - EMA of Yearly % Difference (EMA годовой разницы в процентах): Эта линия представляет собой экспоненциальное скользящее среднее (EMA) годовой разницы в процентах. График отображается красным цветом. - EMA of 12-Week % Difference (EMA разницы за 12 недель в процентах): Эта линия представляет собой экспоненциальное скользящее среднее (EMA) разницы за 12 недель в процентах. График отображается оранжевым цветом. Используйте этот индикатор для анализа процентной изменчивости цен актива на годовой и 12-недельной основе, а также для отслеживания их EMA, что может помочь в принятии торговых решений.
Pine Script™ indicator
by A-Shternkuker
2
RSRWDescription: The given Pine-Script, titled "Real Relative Strength (RSRW)," is designed to evaluate the relative strength of the selected security compared to a benchmark security, defaulting to "SPY". It utilizes TradingView’s programming language and is structured to run on its platform. Functionality: Rolling Price Change Calculation: It calculates the rolling price change for both the selected security and the comparison security over a user-defined length of periods, defaulting to 12. Rolling ATR Change Calculation: It computes the Average True Range (ATR) over the specified length for both securities, providing insights into market volatility. Power Index Calculation: It computes the power index by dividing the rolling move of the comparison security by its rolling ATR, offering a measure of market strength or weakness relative to volatility. Real Relative Strength (RRS) Calculation: It determines the Real Relative Strength of the selected security against the benchmark, adjusting the relative price move by the power index and dividing by the security's rolling ATR. Correlation: The script also evaluates the correlation between the selected security and the compared security over the defined length, providing a correlation coefficient that is represented visually by different colors. Visual Representation: The Real Relative Strength is plotted with a blue line. A red line represents the baseline (0). Correlation is displayed with a color-coded line, ranging from green (high positive correlation) to red (high negative correlation). Utility: This script is valuable for traders and investors looking to assess the relative performance of securities against a benchmark, factoring in volatility and correlation, enabling more informed investment decisions based on market dynamics. License: This script is subject to the terms of the Mozilla Public License 2.0.
Pine Script™ indicator
by MaskinAlv
Gann's square of 9 overextended indicatorThis indicator is inspired by the book “The Definitive Guide to Forecasting Using W.D. Gann’s Square of Nine”. It’s designed to identify overextended price levels in the market. The indicator uses the concept of Gann’s Square of 9, which is a method for forecasting price movements by observing geometric relationships between price and time. It calculates the square root of the price, then subtracts the square root of a simple moving average of the price. The difference is then converted to degrees to create the indicator values. The indicator plots four horizontal lines, representing two upper and two lower thresholds. When the indicator crosses these lines, it suggests that the price may be overextended and a reversal could be imminent. Please note that the Price Multiplier parameter needs to be adjusted for each timeframe and security to ensure accurate results. This is because different securities and timeframes can have different price scales, and the multiplier helps to normalize the price data for the calculation. The indicator also includes a Moving Average Size parameter, which determines the length of the simple moving average used in the calculation. This indicator can be a useful tool for traders looking to identify potential reversal points in the market. However, like all indicators, it should be used in conjunction with other forms of analysis and it’s not recommended to rely solely on this indicator for trading decisions.
Pine Script™ indicator
by icyici
Kawasaki_MFIKawasaki_MFI Indicator The Kawasaki_MFI indicator is a customized technical analysis tool developed to analyze asset prices in financial markets. This script is implemented in TradingView's Pine Script language (version 5) and is based on the concept of the Accumulation/Distribution Line (ADL) which is a volume-based indicator designed to measure the cumulative flow of money into and out of a security. Script Details Version: Pine Script version 5 Overlay: True - The indicator is plotted directly on the price chart. Input Variables The script utilizes the following input variables sourced from daily (D) time frames: High (my_high): The highest price of the security in the daily time frame. Low (my_low): The lowest price of the security in the daily time frame. Close (my_close): The closing price of the security in the daily time frame. Volume (my_volume): The trading volume of the security in the daily time frame. ADL Calculation The ADL is calculated using the following formula: ADL = Cumulative sum of ((Close−Low)−(High−Close)High−Low×Volume) ADL=Cumulative sum of ( High−Low(Close−Low)−(High−Close)×Volume) Plot The ADL line is plotted on the chart with the following characteristics: Title: ADL Color: Blue Usage Traders can use the Kawasaki_MFI indicator to identify trends and potential reversal points in the market. A rising ADL line suggests buying pressure, while a falling ADL line suggests selling pressure. It can be used in conjunction with other technical indicators to develop a comprehensive trading strategy. Feel free to add more details or modify the description to better suit your needs.
Pine Script™ indicator
by KAWASAKI-AXIS