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Volume / Open Interest "Footprint" - By LeviathanThis script generates a footprint-style bar (profile) based on the aggregated volume or open interest data within your chart's visible range. You can choose from three different heatmap visualizations: Volume Delta/OI Delta, Total Volume/Total OI, and Buy vs. Sell Volume/OI Increase vs. Decrease. How to use the indicator: 1. Add it to your chart. 2. The script will use your chart's visible range and generate a footprint bar on the right side of the screen. You can move left/right, zoom in/zoom out, and the bar's data will be updated automatically. Settings: - Source: This input lets you choose the data that will be displayed in the footprint bar. - Resolution: Resolution is the number of rows displayed in a bar. Increasing it will provide more granular data, and vice versa. You might need to decrease the resolution when viewing larger ranges. - Type: Choose between 3 types of visualization: Total (Total Volume or Total Open Interest increase), UP/DOWN (Buy Volume vs Sell Volume or OI Increase vs OI Decrease), and Delta (Buy Volume - Sell Volume or OI Increase - OI Decrease). - Positive Delta Levels: This function will draw boxes (levels) where Delta is positive. These levels can serve as significant points of interest, S/R, targets, etc., because they mark the zones where there was an increase in buy pressure/position opening. - Volume Aggregation: You can aggregate volume data from 8 different sources. Make sure to check if volume data is reported in base or quote currency and turn on the RQC (Reported in Quote Currency) function accordingly. - Other settings mostly include appearance inputs. Read the tooltips for more info.
Pine Script™ indicator
by LeviathanCapital
75
Range Analysis - By LeviathanThe Interactive Range Analysis script is an essential tool for analyzing price ranges. It automatically draws important range levels, generates a Volume Profile or Open Interest profile and horizontal/vertical heatmaps, plots the anchored VWAP, draws Fibonacci levels, and much more. How to use the indicator: 1. The script will prompt you to select the "Start Time" and "End Time" using Tradingview's interactive interface. These two points will determine the length of the range. 2. Once you have selected the range, the script will automatically anchor the range highs and lows to the highest and lowest close/wick/hlc3/ohlc4 (whichever you prefer). 3. You can then begin exploring different tools and options such as Quarters, Eighths, Fibonacci, Outer Levels, VWAP, Horizontal Volume/OI Heatmap, Vertical Volume/OI Heatmap, Fixed Range Volume Profile, Open Interest Profile, Value Area, VAH, VAL, and POC. 4. You can adjust the range by dragging the Start Time and End Time anchors or by removing/reapplying the script. Tool overview Range Levels After selecting your preferred time range, the script will identify and draw a range high level and a range low level, which serve as a base for other important levels. “Half” is the level halfway between the range high and range low. “Quarters” will, as the name suggests, split the range into four equal zones (quarters) and “Eighths” will split the range into eight equal zones (eighths). ”Fibonacci” option allows you to display Fibonacci retracement levels (0.786, 0.618, 0.382, 0.236). “VWAP” will plot a Volume Weighted Average Price, anchored to the start of the range. “Direction” input lets you choose whether your range is UP or DOWN trending in order to make sure that the Fibonacci levels and labels are generated and assigned correctly. With “Outer” turned ON, the script will also generate active levels (quarters/eighths/Fibonacci) above and below the selected price range. “Extend Right” will extend all levels to the right indefinitely, while “Extend (+Bars)” lets you choose how far right the levels get extended. “Diagonal Line” is drawn from the bottom left of the range to the top right of the range or from the top left of the range to the bottom right of the range, depending on the “Direction” input. Volume Profile / Open Interest Profile After selecting the “Data Type”, Volume Profile or OI Profile can be generated by turning ON the “Volume/OI Profile” option. “Resolution” input defines the amount of nodes/rows in the range that are used in profile/heatmap generation for distributing the data. While you can increase the “Resolution” to get better, more granular profiles, you should keep in mind that you might need to lower the resolution when generating profiles for larger ranges. ”Node Type” offers you two options when it comes to the representation of data: Up/Down - divides a node in two sections for up volume/OI and down volume/OI, Total - one node for total volume/OI and Delta - net difference in up volume/OI and down volume/OI. ”Profile Position” lets you choose whether the profile is positioned on the left side of the range or on the right side of the range. “Profile Direction” determines whether the profile nodes are facing right or left. “Profile Type” enables you to visualize the nodes in a classic way (Type 1) or in a way where down volume/negative OI are positioned on the left side of the y axis and up volume/positive OI on the right side of the y axis. “Node Size (%)” defines how much space in the range can be taken by the profile’s nodes. Eg. 50% will allow the largest node to extend to the middle of the range (and others scaled accordingly), 100% will allow the largest node to extend the max right point of the range (and others scaled accordingly). ”Value Area (%)” defines the VA zone, which represents the area where the most volume occured (usually 70% or 68%). ”Horizontal Heatmap” will display a heatmap-like overlay, that will help you identify the price levels where most volume/open interest action occurred. ”Vertical Heatmap” will display a heatmap-like overlay, that will help you identify the points in time where most volume/open interest action occurred. A more detailed description of this indicator is coming in the next few days. Important: * If volume or OI profile does not get generated, try lowering the resolution. * Once in a while, the script will disappear from your chart. Just remove and reapply. * Open Interest data is only avaiable on Binance Perpetual Futures pairs To learn more, read the tooltips in the indicator’s settings and stay tuned for upcoming additions (Range Market Structure, Liquidation Levels, Range Statistics,…)
Pine Script™ indicator
by LeviathanCapital
41
Easy RSI by nnamWhat Does this Indicator Do? The Easy RSI Indicator color codes candles based on their RSI Value vs. Open / Close (Red / Green). It plots the current price and current RSI value on the chart in real-time. Additionally, when the RSI Value is in an oversold or overbought condition, it plots that signal on the chart in real-time. The initial candle color is the standard Red / Green Tradingview color, but a Gradient is added to the color which either darkens or lightens the color based on the RSI Value. As seen in the screenshot below, the higher the RSI Value, the brighter the Green Color is. The lower the RSI Value, the brighter the Red Color is. The current Price and current RSI Value are both plotted on the chart by default, but can be optionally switched off by the trader. As seen in the screenshot below, the prices and RSI Values are easily seen while visually tracking the price in real-time. RSI Overbought Values are plotted when the Overbought condition is triggered. The Default is RED for Overbought and GREEN for Oversold. As seen in the screenshot below, with all three labels turned on under the input settings (these are ON by default) you can see the overbought condition, the current RSI Value, and current price all in one centralized area. Oversold Values are also plotted when turned on under the input settings. As shown in the screenshot below, the candle is GREEN (as evident by the green candle outline) but the RSI Value is low and shows lower than average relative strength. This turns the bar color ORANGE vs, GREEN showing that the relative strength of the move is subpar. As shown on the screenshot below, if the trader has the standard Tradingview Price label switched on (in the Tradingview Chart Settings), the color of the bar is also translated to the price are for an easy to recognize RSI Value just by looking at the price. Even if the current candle is RED, when the RSI is higher than lower, the color will be green / greenish and even if the current candle is GREEN, when the RSI Value is lower than higher, the color will be red-ish / orange in color giving the user a quick view of RSI Value. If you have any questions or feature requests for this Indicator please do not hesitate to reach out and ask. GOOD LUCK trading!! ~nnamdert
Pine Script™ indicator
by nnamdert
2
RS: FootprintThis is live only Footprint indicator. Warning: TV does not provide tick by tick data and updates come in snapshots . Based on this, this indicator can never show precisely what is happening on the bid/ask. What it shows is only an approximation that works well enough if the tape is not too fast. Use it at your own risk, with the warning above in mind! Footprint can be used in two modes: Delta - with bid/ask delta numbers on the left, at the same price level and the total volume numbers on the right Bid vs Ask - with the bid on the left and the ask on the right; the coloring is based on the diagonal difference Zoom in to fit the candles; optionally hide default candles.
Pine Script™ indicator
by inversionflow
33
Up/Down Volume + DeltaThis simple script is a modification of Tradingview's Up/Down Volume. In this case the delta between the buys and sells is plotted in columns style above the regular up/down volume columns. This gives a better visual of the dominant volume and is useful to spot divergences in tops and bottoms. The indicators uses data from lower timeframe volumes. By default the lowest timeframe it will use is 1m, but for those that have a premium account you can try using a custom LTF set to seconds when scalping on the 1m chart. Enjoy :)
Pine Script™ indicator
by FractalTrade_
2
Delta Ladder [Kioseff Trading]Hello! This script presents volume delta data in various forms! Features Classic mode: Volume delta boxes oriented to the right of the bar (sell closer / buy further) On Bar mode: Volume delta boxes oriented on the bar (sell left / buy right) Pure Ladder mode: Pure volume delta ladder PoC highlighting Color-coordinated delta boxes. Marginal volume differences are substantially shaded while large volume differences are lightly shaded. Volume delta boxes can be merged and delta values removed to generate a color-only canvas reflecting vol. delta differences in price blocks. Price bars can be split up to 497 times - allowing for greater precision. Total volume delta for the bar and timestamp included The image above shows Classic mode - delta blocks are oriented left/right contingent on positive/negative values! The image above shows the same price sequence; however, delta blocks are superimposed on the price bar. Left-side blocks reflect negative delta while right-side blocks reflect positive delta! To apply this display method - select "On Bar" for the "Data Display Method" setting! The image above shows "Pure Ladder" mode. Delta blocks remain color-coordinated; however, all delta blocks retain the same x-axis as the price bar they were calculated for! Additionally, you can select to remove the delta values and merge the delta boxes to generate a color-based canvas indicative of volume delta at traded price levels! The image above shows the same price sequence; however, the "Volume Assumption" setting is activated. When active, the indicator assumes a 60/ 40 split when a level is traded at and only one metric - "buy volume" or "sell volume" is recorded. This means there shouldn't be any levels recorded where "buy volume" is greater than 0 and "sell volume" equals 0 and vice versa. While this assumption was performed arbitrarily, it may help better replicate volume delta and OI delta calculations seen on other charting platforms. This option is configurable; you can select to have the script not assume a 60/ 40 split and instead record volume "as is" at the corresponding price level! I plan to roll out additional features for the indicator - particularly tick-based price blocks! Stay tuned (: Thank you!
Pine Script™ indicator
by KioseffTrading
23
BTC Net Volume (Spot) (by JaggedSoft, fixed by SLN)• WHAT: This indicator plots the aggregated net volume delta of BTC spot pairs from 8 exchanges over the last 60 periods (default settings). Tracks the following pairs: "BINANCE:BTCUSDT" "BITFINEX:BTCUSD" "POLONIEX:BTCUSDT" "BITTREX:BTCUSDT" "COINBASE:BTCUSD" "BITSTAMP:BTCUSD" "KRAKEN:XBTUSD" "BITGET:BTCUSDT" "GEMINI:BTCUSD" • HOW TO USE: Used for confirmation when watching futures that can experience quick movements in the form of liquidation-events. If the oscillator is green or trending upward, it's confirming a positive bias. The inverse is true for a negative bias. This is especially true on higher timeframes. Can also be used to find correlations between different tech-assets. • NOTES: I forked JaggedSofts indicator to fix the data-source error it was having. Let me know if you want to customize exchanges or add more pairs, maybe I can add that in the future! This indicator replaces the outdated alternative linked here : Please only use this one • LIMITATIONS: Only tested with normal japanese candlesticks . • THANKS: to the creator of this script, JaggedSoft. It's a great indicator! • DISCLAIMER: Not financial Advice, use at your own risk.
Pine Script™ indicator
by stresslessness
Aggregated Volume Spot & Futures ⚉ ＯＶＥＲＶＩＥＷ ⚉ The indicator presents a comprehensive approach to Aggregated Volume Data . Works on almost all CRYPTO Tickers! The script also includes several input parameters that allow the user to control which exchanges and currencies are included in the aggregated data. This script allows the user to choose from several data display modes, including volume, spot & perp, delta, cumulative delta, and others. The user can also choose how volume is displayed (in assets, U.S. dollars or euros) and how it is calculated (sum, average, median, or dispersion). WARNING Indicator is for CRYPTO ONLY. ______________________  ⚉ ＳＥＴＴＩＮＧＳ ⚉ ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ Mode — Choose Mode.     • Volume — This displays the Volume     • Volume (Colored) — Shows aggregated volume but applying different volume colors for different exchanges.     • Delta — This displays the difference between the number of sellers and buyers.     • Cumulative Delta — This displays the cumulative delta between sellers and buyers.     • Spot & Perp — Shows Spot and Futures volume at the same time.     • Delta (Spot - Perp) — Shows the difference between Spot and Futures Volume.     • Liquidations — Displays Potential Liquidations. (Calculated between the difference in volume between Futures and Spots)     • OBV — On Balance Volume.     • MFI — Money Flow Indicator. •   Data Type — Choose Single or Aggregated data.     • Single — Show only current Volume.     • Aggregated — Show Aggregated Volume. Volume By — You can also select how the volume is displayed.     • COIN — Volume in Actives.     • USD — Volume in United Stated Dollar.     • EUR — Volume in European Union.     • RUB — Volume in Russian Ruble. Calculate By — Choose how Aggregated Volume it is calculated.     • SUM — This displays the total volume from all sources.     • AVG — This displays the average price of the volume from all sources.     • MEDIAN — This displays the median volume from all sources.     • VARIANCE — This displays the variance of the volume from all sources.         * 🡅 Be Careful, Reacts to Every Mode. Additional features     • Show MA — Show Movieng Average of Volume.          • MA Period — Period of MA.     • Lookback — Lookback period for 'Cumulative Delta' and for 'MFI'.     • Liquidation Filter — Filters out small or negative difference values.     • Show Table — Table shows the current volume of the last candle. Also in the Mode "Colored" shows the color of exchanges if they have volume. ________________  ⚉ ＮＯＴＥＳ ⚉ ‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾‾ I don't pretend to be the best choice for calculating CVD , Delta and Liquidations, the calculations are chosen to be optimal from what I have seen and know. If you have any ideas what to add to my work to add more sources or make calculations cooler, suggest in DM .
Pine Script™ indicator
by HALDRO
57
Price Change AlertsThis purpose of this indicator script is to reduce time traders spend staring on the charts. For example if you're trading BTCUSD you can set alerts to be trigered by desired delta amount, for example 50. Then you can receive push notifications on your phone (need to install the tradinview app) and on your desktop computer every time price changes by amount of 50. Simple and easy. To enable alerts do this: - Click on alerts clock icon in top right corner of the screen - Click on "Create alert button" - In Condition dropdown select "alerts" - In the next dropdown select "Any alert function() call" and click on "Create" button Script uses repainting on purpose to display daily percentage changes since the previous day's closing and to triger alerts.
Pine Script™ indicator
by domsito
Quantum CDV HistogramThis script is an addition to Fixed Quantum Cdv. It shows vector cdv ratio in columns. You can select the length as an input to how many bars to look back for the whole calculation. The green bars represent the bullish values and the red bars the bearish values. The green line represents an ema of the bullish value and the red line the ema of the bearish value. The momentum ema (in purple) represent the cdv ratio (bullish - bearish). When the momentum ema is at 100% or more it’s a good sell opportunity and when the momentum ema is at or under 100% it’s a good buy opportunity. It is not financial advise. Make sure to make your own analysis. This script help to make entries, but do not enter positions only based on this signal. In the inputs you can select the emas that you want to display on your histogram. The original script is the Cumulative Delta Volume by LonesomeTheBlue.
Pine Script™ indicator
by F_rank_01
Fixed Quantum CDVWe took the original script Cumulative delta volume from LonesomeTheBlue, here is the link: To understand the CDV you can watch traders reality master class about CDV. This indicator show the ratio of vector color and the ratio of the cumulative delta volume from vector color. First you select a date range on the chart. Then it calculate all candles in that region. Let's say there is 3 green vectors and 3 red vectors in the region, the ratio of vector color will be 50% for bull and 50% for bear vector. As for the CDV ratio, it will measure the total CDV inside green vector and total CDV inside red vector and make a ratio. But it is a little different. I twisted the calculation for the ratio of CDV a little bit to make it more comprehensive in the table. Since it's the ratio of the CDV for the bull candles versus the bear candles, the CDV is almost always a positive number for the bull candles and almost always a negative number for the bear candle. So I calculated the bear CDV as a positive number. Formula: Bull_CDV_ratio = Bull_CDV / (Bull_CDV + Bear_CDV), Bear_CDV_ratio = -Bear_CDV / (Bull_CDV - Bear_CDV). Note that when the bull CDV and bear CDV are both a positive number or both a negative number, the ratio percentage can be over 100% and under 0%. It means that we expect volatility. Enjoy!
Pine Script™ indicator
by F_rank_01
3
Volume composition / quantifytools— Overview While net volume is useful information, it can be a blunt data point. Volume composition breaks down the content of volume, allowing a more detailed look inside each volume node. Volume composition consists of the following information: Total volume (buy and sell). By default gray node. Dominating volume (buy or sell). By default dark green/dark red node. Dominating active volume (buy or sell). By default light green/light red node. Dominating volume as percentage of total volume. Dominating active volume as percentage of total active volume. Buy and sell volume is defined by volume associated with lower timeframe up/down moves. This classification is further broken down to passive/active, standing for decreasing/increasing volume, e.g. a move up with volume higher than previous bar volume = active buy volume, a move up with volume lower than previous bar volume = passive buy volume. Volume data is fetched from a lower timeframe that is automatically adjusted to fit the timeframe you're using. By default, the following settings are applied: Charts <= 30 min: 1 minute timeframe Charts > 30 min & <= 3 hours : 5 minute timeframe Charts > 3 hours & <= 8 hours : 15 minute timeframe Charts > 8 hours & <= 1D: 1 hour timeframe Charts > 1D & <= 3D : 2 hour timeframe Charts > 3D: 4 hour timeframe Timeframe settings can be changed via input menu. The lower the timeframe, the more precision you get but with the cost of less historical data and slower loading time. Users can also choose which source to use for determining buy/sell volume, e.g. using close as source, a close that is higher than previous close would be considered as buy volume. This could be replaced with OHLC4 for example, resulting in a volume direction based on OHLC average. Volume composition of current chart can also be replaced with any other chart volume composition: — Visuals Breakdown of visual elements: 1. Symbol and timeframe used for volume composition calculations. By default the chart that is viewed and automatically selected lower timeframe. 2. Dominating volume threshold exceeded. Can be defined via input menu, 70% of total volume by default. 3. Dominating volume as percentage of total volume. Plotted below volume nodes, without % symbol. 4. Dominating active volume, + or - symbol, standing for buy and sell. Plotted below dominating volume percentage. When dominating volume and dominating active volume sides are in a disagreement (e.g. dominating volume is on buy side while dominating active volume is on sell side) this symbol will appear inside brackets, (+) or (-). 5. Dominating active volume as percentage of total active volume. Plotted below +/- symbol. 6. Dominating active volume threshold exceeded. Can be defined via input menu, 70% by default. Dominating volume & active volume percentages can be rounded to single numbers to avoid clutter caused by overlapping values. The percentage values will be rounded to closest single number value, e.g. dominating volume percentage at 54% = 5, dominating volume percentage at 55% = 6. Volume anomalies can be highlighted on the chart with a color for studying the events and their past implications in greater detail. Available anomalies for highlights are the following: Buy volume threshold exceeded Sell volume threshold exceeded Active buy volume threshold exceeded Active sell volume threshold exceeded Volume & active volume divergence — Practical guide Volume is arguably one of the most important data points as it directly relates to liquidity. High volume can be an indication of strength (price likely to continue moving) or absorption (price likely to halt/turn). Same applies to active volume, but with an element of aggression. High active volume serves as an indication of exuberance or otherwise forceful transacting, like stop losses triggering. With these principles in mind, the composition of volume allows distinguishing potentially important events. Example #1 : Identifying areas of trapped market participants Often when volume spikes distinctively, we can make the case that price has found sufficient liquidity to halt/turn. Since we know which side was absorbed, in what quantity and type (passive/active), we can identify areas of trapped market participants. In such scenarios, the higher the dominant active volume and volume spike itself, the better. Example #2 : Identifying a healthy trend A healthy trend is one that has an active and consistent bid driving it. When this is the case, it can be seen in consistently supportive active volume. Example #3 : Identifying inflection points When dominant side of volume and dominant side of active volume diverge, something is up. A divergence often marks an area of indecision, hinting an imminent move one way or the other.
Pine Script™ indicator
by quantifytools
97
Volume CVD and Open InterestVolume, Cumulative Delta Volume and Open Interest are great indications of strength and sentiment in the market. Until now they have required separate indicators, but this indicator can show them all. With a clean and aesthetic plot, this indicator has the option to choose the data source: - Volume - the total volume of transactions, buys and sells - Up Volume - the total volume from buys only - Down Volume - the total volume from sells only - Up/Down Volume (Net) - the difference in the Buy Volume and Sell Volume - Cumulative Delta - the sum of the up/down volume for the previous 14 bars - Cumulative Delta EMA - a smoothed average of the sum of the up/down volume for the previous 14 bars, over a 14 period EMA - Open Interest - a user defined ticker, whose value is added to the plot, while this is designed to be used with Open Interest tickers, you can actually choose any ticker you want, perhaps you want to see DXY while charting Bitcoin! There are several customization features for the colour of the plot, with a nice gradient colouring from high to low. You can choose the lookback which defines only the highest and lowest values for the colour gradient. There is also an option for how the Open Interest value is determined, based on Close, Open or differences between previous values. While similar, Volume and Open Interest are not the same. To me the simplest explanation is Volume shows the trades that have been executed and the buy/sell direction, while Open Interest shows the value of open trades that are yet to be completed. Volume shows strength, sentiment and volatility. Open Interest does not show direction, but does indicate momentum and liquidity in the market.
Pine Script™ indicator
by Texmoonbeam
9
Real Cummulative Delta (New TV Function)Thanks to the new TradingView indicator Up/Down Volume, it is now possible to get accurate information on Agression (market buying vs market selling) However, as they only provide the value of delta, I've made this indicator to show the cummulative value, in the form of candles. It is great to detect divergences in the macro and in the micro scale (As in divergences in each candle and divergences in higher or lower tops or bottoms) Hope you can make good use of it!
Pine Script™ indicator
by GioLucaas
5
Stochastic Moving Average Delta Oscillator (SMADO)This is an interesting take on the stochastic oscillator. What I have done here is I've taken the cumulative sum of the deltas of all the simple moving averages from 1 to 200 and summed them. Next I transform this into a stochastic oscillator with ta.stoch. The point of this is to show you trends, tops and bottoms. I hope you find this indicator as interesting as I did. Please enjoy! The Feature include: Stochastic Window, Number of MA's to check, General Smoothing, and Direction Indication.
Pine Script™ indicator
by The_Peaceful_Lizard
TMO ScalperTMO - (T)rue (M)omentum (O)scillator) MTF Scalper Version TMO Scalper is a special custom version of the popular TMO Oscillator. Scalper version was designed specifically for the lower time frames (1-5min intraday scalps). This version prints in the signals directly on top of the oscillator only when the higher aggregations are aligned with the current aggregation (the big wheels must be spinning in order for a small wheel to spin). The scalper consist of three MTF TMO oscillators. First one is the one that plot signals (should be the fastest aggregation), second serves as a short term trend gauge (good rule of thumb is to us 2-5x of the chart time frame or the first aggregation). The third one (optional) is shaded in the background & should only serve as a trend gauge for the day (usually higher time frames 30min+). Time Frames Preffered by Traders: 1. 1m / 5m / 30m - This one is perfect for catching the fastest moves. However, during choppy days the 1min can produce more false signals.. 2. 2m / 10m / 30m - Healthy middle, the 2min aggregation nicely smooths out the 1min mess. Short term gauge is turning slowly (10min for a signal to confirm). 3. 3m / 30m / 60m - This TF is awesome for day traders that prefer to take it slow. Obviously, this combination will produce far less signals during the day. Hope it helps.
Pine Script™ indicator
by lnlcapital
64
MTF TMOTMO - (T)rue (M)omentum (O)scillator) MTF (Higher Aggregation) Version TMO calculates momentum using the DELTA of price. Giving a much better picture of the trend, reversals & divergences than most momentum oscillators using price. Aside from the regular TMO, this study combines four different TMO aggregations into one indicator for an even better picture of the trend. Once you look deeper into this study you will realize how complex this tool is. This version also produce much more information like crosses, divergences, overbought / oversold signals, higher aggregation fades etc. It is probably not even possible to explain them all, there could easily be an entire e-book about this study. I have been using this tool for a couple of years now, and this is what i have learned so far: Favorite Time Frame Variations: 1. 1m / 5m / 30m - Great for intraday futures or options scalps. 30m TMO serves as the overall trend gauge for the day. 5min dictates the longer term intraday moves as well as direction of the 1min. 1min is for the scalps. When the 5min TMO is sloping higher focus should be on 1min buy signals (red to green cross) and vice versa for the 5min agg. sloping down. 2. 5m / 30m / 60m - Also an interesting variation for day trading the 3-5 min charts. Producing more cleaner & beginner-friendly signals that lasts couple of minutes instead of seconds. 3. 120m / Day / 2 Day - For the 30m to 1H or 2H timeframes. Daily & 2 Day dictates the overall trend. 120 min for the signals. Great for a multi-day swings. 4. Day / 2 Day / Week - Good for the daily charts, swing trading analysis as the weekly dictates the overall trend, daily dictates the signals and the 2 day cleans out the daily signals. If the daily & 2 day are not aligned togather, daily signal means nothing. Weekly dictates 2 day - 2 day dictates daily. 5. Week / Month / 3 Month - Same thing as the previous variation but for the weekly charts. TMO Length: The default vanilla settings are 14,5,3. Some traders prefer 21,5,3 as the TMO length is litle higher = TMO will potenially last little longer which could teoretically produce less false signals but slower crosses which means signals will lag more behind price. The lower the length, the faster the oscillator oscillates. It is the noice vs. the lag debate. The Length can be changed, but i would not personally touch the other two. Few points up or down on length will not drastically change much. But changes on Calc Length and Smooth Length can produce totally different signals from the original. Tips & Tricks: 1. Observe - This is the best tip & trick I can give you. The #1 best way to learn how any study operates is to just observe how it works in certain situations from the past. MTF TMO is not an exception. 2. The Power of the Higher Aggregation - The higher aggregation ALWAYS dictates the lower one. Best way to see this? Just 2x the current timeframe aggregation = so on daily chart, plot the daily & two day TMOs and you will notice how the higher agg. smooths out the current agg. The higher the aggregation is, the smoother (but slower) will the TMO turn. The real power kicks in when the 3 or 4 aggregations are aligned togather in one direction. 3. Position of the Higher Aggregation in Relation to the Extremes - Overbought / oversold signals might not really work on the current aggregation. But pay attention to the higher aggregations in relation to the extremes. Ex: on the daily chart - daily TMO inside the OB / OS extremes might not mean much. But once the higher aggregations such as 3 day or Weekly TMO enters OB/OS zone togather with the daily, this can be a very powerful signal for a TMO reversion to the zeroline. 4. Crosses - Yes, crosses do work. Personally, I never really focused on them. The thing about the crosses is that it is crucial to pick the right higher aggregation to the combination of the current one that would be reliable but also print enough signals. The closer the cross is to the OB / OS extremes, the more bigger move can occur. Crosses around the zero line can be considered as less quality crosses. 5. Divergences - TMO can print awesome divergences. The best divergences are on the current aggregation (TMO agg. same as the chart) since the current agg. oscillates fast, it can usually produce lower lows & higher highs faster then any higher aggregations. Easy setup: wait for the higher aggregation to reach the OB / OS extremes and watch the current (chart) aggregation to print a divergence. 6. Three is Enough - I personally find more than three aggregations messy and hard to read. But there is always the option to turn on the 4th one. Just switch the TMO 4 Main, TMO 4 Signal and TMO 4 Fill in the style settings. Hope it helps.
Pine Script™ indicator
by lnlcapital
5
Multi Type RSI [Misu]█ This Indicator is based on RSI ( Relative Strength Index ) & multiple type of MA (Moving Average) to show different variations of RSI. The relative strength index (RSI) is a momentum indicator used in technical analysis to evaluate overvalued or undervalued conditions in the price of that security. █ Usages: The purpose of this indicator is to obtain the RSI calculated with different MAs modes instead of the classic RMA. The red and green zones indicate the oversold and overbought zones. Buy or sell signals are marked by the green and red circles We have 2 different signal modes : when the different size RSIs cross and when the fast RSI crosses the extreme bands. Alerts are setup. █ Parameters: Lenght RSI: The lenght of the RSI. (14 by default) RSI MA Type: The type of MA with which the rsi will be calculated. ("SMA", "EMA", "SMMA (RMA)", "WMA", "VWMA") Fast Lenght MA: The fast lenght smoothing MA. Slow Lenght MA: The Slow lenght smoothing MA. Lower Band: The lenght of the lower band. (25 by default) Upper Band: The lenght of the upper band. (75 by default) Signal Type: The mode with which buy and sell signals are triggered. ("Cross 2 Mas", "Cross Ma/Bands")
Pine Script™ indicator
by Fontiramisu
3
Binance Big Open Interest Delta Change v2 Note: This script will only work properly with Binance Futures symbols. This script simply looks at the open interest for the symbol you are currently viewing and determines if a large change in open interest has occurred, which triggers a background color alert. It does this by comparing the absolute value of the range of the current open interest bar with a simple average (length set by user) of the past x range. The user also determines what is considered a 'large' change in open interest by setting a multiplier with which the current range must exceed compared to the average range in order to trigger an alert. If the change in open interest is an increase in OI, the alert is blue, and if the change in open interest is a decrease, the alert is orange. The open interest ticker that is used for calculation is derived by adding the current ticker and "_OI" so that it auto changes each time you switch to a new Binance futures contract.
Pine Script™ indicator
by king_mob
2
Singular and Cumulative Volume Delta (SVD+CVD)This a Volume Delta indicator with Cumulative Volume Delta. I have been studying Volume Delta and CVD trading strategies and indicator styles. This implementation was developed to test a basic trailing window / oscillator approach. Script has been republished as public and searchable. Changelog from private era follows. Jun 9 (2022) Release Notes: Added option to use EMA/SMA based cumulation. This will not scale well with singular data, so default view is still SUM. Jun 9 (2022) Release Notes: Outdated comment correction. Jun 9 (2022) Release Notes: Added default option to normalilze visual scale of MA cumulation types. The averaging creates a singular value sized results, instead of a range-sums. This multiples that candle result by the range length to get a range-sum sized result. Added option to scale the cumulation size relative to the volume size. 1-to-1 scaling creates singular deltas that can be hard to see with all options on. This allows you to beef them up for visual or weighting purposes. Jun 15 (2022) Release Notes: * Added break even level for current delta. Tells where current delta must land for cumulative delta to stay flat. * Added comparison of historical cumulative levels to current level. The historical levels are the initial values going into current accumulation window. * Changed title of indicator to be more generic, clear, and searchable. Jun 15 (2022) Release Notes: * Added option to have the cumulation cutoff line AFTER or OVER the end of the cumulation window. This change is to ensure the indicator clearly documents it's behavior and avoids confusion on this / last cumulation window semantics. * Bugfix: Initial levels were pulled from cumulation line which was AFTER end of window. This has been changed to the initial values INSIDE the cumulation window. * Code cleanup. June 17th (2022) Release Notes: Marked as beta because TV confirmed they no longer allow private scripts to be changed to public. (Despite lingering documentation that says otherwise. June 17th (2022) Re-published as public.
Pine Script™ indicator
by JollyWizard
26