Daily Bias Engine | PDH/PDL Range This program is designed to track the previous day range and interactions with the mean threshold on the following day.
The bias strategy is simple:
If you create new range highs over a PDH, you will lean towards calls.
If you create new range lows over a PDL, you will learn towards puts.
If neither event happens, no bias can be determined and therefore no trades taken.
If by 12:00pm there still is no bias determined, it will show moderate strength based on the trend.
Remember, use this strategy to outline your bias and find a cheap entry model to take advantage of.
Forecasting
World Clock [VHX]Keeping track of local times across different time zones has always been a challenge, especially when working with global markets.
But worry no more, as we now have a solution tailored for this very need. With this indicator, you can effortlessly add two different time zones to your chart, making it easier than ever to stay on top of market activity. The indicator not only shows the current date and time for the selected time zones but also integrates seamlessly with your chart, ensuring that you’re always aligned with the right market timings, no matter where you or your trades are based.
Unfortunately, the clock won't function when the market is closed.
Market Indicator by Atilla YurtsevenThis TradingView script is designed to analyze and visualize market trends by showing the percentage drops from the all-time high (ATH) of a stock or any other financial instrument. It also calculates and displays key statistical levels such as the mean, median, and various percentage thresholds. This indicator helps traders identify significant retracement levels and possible support/resistance zones based on historical price movements.
Indicator Settings:
- The indicator is named "Market // Atilla Yurtseven" and can be overlaid on the price chart.
- Users can choose to use the closing price (Use Close Price) or the high/low prices.
- Options are provided to show the ATH, ATL (All-Time Low), mean, median, and various minor and macro percentage levels.
Color Customization:
- The script allows customization of text and line colors for different levels, making it adaptable to different charting styles.
Initial Variable Setup:
- The script initializes several variables, including ATH, ATL, and arrays to store price data.
The round and roundy functions are used to format the values for display purposes.
ATH/ATL Calculation:
- The script checks if the current price exceeds the previous ATH and updates the ATH accordingly.
- Similarly, the script calculates the ATL based on the lowest point after reaching the ATH.
Mean and Median Calculation:
- The mean is calculated as the average drop from the ATH, while the median is the middle value in the sorted array of drops.
- These statistics provide insight into the overall trend and are used to identify significant price levels.
Plotting the Levels:
The script plots the ATH, ATL, mean, median, and various percentage retracement levels (12.5%, 25%, 37.5%, etc.).
The levels are color-coded based on user preferences, making it easier to interpret the chart visually.
Labels and Text Display:
- The script dynamically creates and updates labels on the chart to show the values of the ATH, ATL, mean, median, and other key levels.
- This feature allows traders to see at a glance how far the current price is from these critical levels.
Hit Detection:
- The script includes logic to detect if the price is within the range of the mean and median. If the price is within this range, the color of the fill between these levels changes, highlighting this area on the chart.
This script is a powerful tool for traders who want to analyze the retracement levels from historical highs. By displaying the mean, median, and various percentage levels, it provides a comprehensive view of potential support and resistance areas, helping traders make more informed decisions. The customizable nature of the script allows it to fit seamlessly into different trading strategies and charting styles.
Disclaimer:
This script is provided for informational and educational purposes only and does not constitute financial or investment advice. The author, Atilla Yurtseven, is not responsible for any financial losses or damages that may occur as a result of using this script. Trading and investing in financial markets involve risk, and past performance is not indicative of future results. Users should conduct their own research and consult with a qualified financial advisor before making any investment decisions. Use this script at your own risk.
Trade smart, stay safe.
Atilla Yurtseven
Buy-Sell-Hold RecommendationsDescription:
The indicator displays "recommendations" for the active symbol (Buy, Strong buy, Sell, Strong sell or Hold), based on the Tradingview's recommendations data. There are 3 presentations you can choose from:
- Bar -> displays a vertical/horizontal bar with sections for each rating
- Pie chart -> displays a pie chart with sections
- Table -> displays a table with score for each recommendation
Inputs:
- Display mode -> data presentation mode
- Position -> position of the bar/pie chart/table
- Highlight the highest rating -> recommendation(s) with highest score will be highlighted
- Buy, Strong buy, Sell, etc. -> colors of the "bar" sections
- Pixel Width, Pixel Height, etc. -> size of each "pixel" (cell) of the pie chart
- Resolution (X), Resolution (Y) -> how many pixels (cells) the pie chart has on each axis
- Inner area size (%) -> size of the empty space at the center of the pie chart
- Invert theme -> invert coloring scheme for "table" presentation mode
Notes:
- Tradingview seems to provide the recommendations only for major stocks
- Data is taken directly from Tradingview and is based on opinions of "analysts"
Cumulative Gain/Loss Histogram This TradingView Pine Script indicator combines several analytical tools to assist traders in making informed investment decisions. It calculates and visualizes cumulative gain/loss percentage, standard deviation levels, and normalizes trading volume on a reversed scale.
Components:
Basis for Calculation:
Users can select the basis data for the calculations: Price, VIX (Volatility Index), VVIX (Volatility of Volatility Index), or MOVE (Volatility Index for Treasury Securities).
Cumulative Gain/Loss:
This is computed based on the selected basis. The script tracks the cumulative percentage change in the selected basis data. Positive changes are aggregated to track gains, while negative changes accumulate to track losses.
Standard Deviation Levels:
The script calculates standard deviation (StdDev) for the cumulative gain/loss data over a specified period. Two levels are determined:
Positive StdDev Level: Shows the upper threshold for gains.
Negative StdDev Level: Shows the lower threshold for losses.
These levels are useful for identifying extreme deviations in the data.
Normalized Volume:
The trading volume is normalized to fit within a -5 to 5 scale, but the scale is reversed. Higher trading volumes will be represented by lower values on this scale. This normalized volume is plotted as a gray line on the chart.
How to Use This Indicator:
Identify Trends and Extremes:
Cumulative Gain/Loss: Look for periods where the cumulative gain/loss exceeds the standard deviation levels. This can indicate significant trend changes or potential reversals. Standard Deviation Levels: Use these levels to gauge whether the market is experiencing extreme conditions. For example, if the cumulative gain/loss crosses above the positive StdDev level, it might suggest an overbought condition.
Volume Analysis:
Normalized Volume: Analyze the volume trends with the reversed scale. Higher normalized volume values (which are lower on the -5 to 5 scale) could indicate high trading activity or market interest, potentially signaling a strong move or trend. Conversely, lower normalized volume values (which are higher on the -5 to 5 scale) may suggest lower trading activity or consolidation.
Decision-Making:
Combine the insights from cumulative gain/loss and standard deviation levels with volume analysis to make more informed trading decisions.
Buy Signal: Consider entering a position when the cumulative gain/loss reaches or exceeds the negative StdDev level and volume analysis supports increased market activity.
Sell Signal: Consider exiting a position when the cumulative gain/loss exceeds the positive StdDev level, indicating possible overbought conditions, especially if volume trends also align with the potential reversal.
Summary:
This script is designed to help traders understand market dynamics through cumulative gain/loss trends, standard deviation thresholds, and volume analysis. By interpreting these elements together, traders can identify potential trading opportunities and make more informed decisions based on market conditions and trends.
Daily Levels Percentual [TOLK] Settings Crypto and ForexPercentage zones refer to specific areas or bands on the price chart of a financial asset that are bounded by percentages of change relative to a reference point, such as the opening price or a reference value from a previous move.
These zones are useful for identifying support and resistance levels, predicting possible price reversals, or setting price targets. For example, on a price chart, you can create percentage zones to observe how the price behaves when it reaches 1%, 2%, 5%, 10%, etc., above or below a certain point.
These zones can be used in conjunction with other technical analysis tools, such as Fibonacci, moving averages, or volume analysis, to improve decision-making in trading strategies.
The default indicator levels are as follows:
SETTINGS Crypto:
Crypto Level 1 > 1.0%
Crypto Level 2 > 1.618%
Crypto Level 3 > 2.0%
Crypto Level 4 > 2.618%
Crypto Level 5 > 3.618%
Crypto Level 6 > 4.618%
Crypto Level 7 > 5.0%
Crypto Level 8 > 7.618%
Crypto Level 9 > 10.0%
Crypto Level 10 > 12.618%
Crypto Level 11 > 13.618%
Crypto Level 12 > 15%
Crypto Level 13 > 17.618%
Crypto Level 14 > 20%
SETTINGS Forex:
Forex Level 1 > 0.10%
Forex Level 2 > 0.1618%
Forex Level 3 > 0.20%
Forex Level 4 > 0.2618%
Forex Level 5 > 0.3618%
Forex Level 6 > 0.4618%
Forex Level 7 > 0.50%
Forex Level 8 > 0.7618%
Forex Level 9 > 1.0%
Forex Level 10 > 1.2618%
Forex Level 11 > 1.3618%
Forex Level 12 > 1.50%
Forex Level 13 > 1.7618%
Forex Level 14 > 2.0%
Percentage Levels This approach helps identify critical price levels where the asset may encounter support or resistance, making it easier to make trading decisions based on price movement patterns.
Stef's Enterprise Value CalculatorI have learned the hard way why Enterprise Value is far more superior than Market Cap. That's why I made this indicator, but more importantly, why I added several features that other similar indicators just don't have. The key thing is to not just show you Enterprise Value of a company (it's true worth) but also the capability to see that line colored in a specific way, with key stats as a neat table, and the ability to chart the key facts that go into Enterprise Value, which are debt and cash.
I'll say it again: Market Cap is not nearly as good as Enterprise Value. Don't get tricked by what Market Cap does NOT show you and instead focus on Enterprise Value. I hope my indicator, and the features you see below, help investors and traders all over the world better understand this.
Here are the key features:
Enterprise Value Indicator Features:
1. Real-Time Enterprise Value (EV) Display: Track the EV of a company directly on your chart, providing a comprehensive measure of its true market value.
2. Custom Color Trends: Customize the color of your EV line based on specific trends you’re monitoring, allowing for personalized and insightful visual analysis.
3. Debt & Cash Visualization: Plot both debt and cash & equivalents on the same chart, offering a clear and concise view of a company’s financial health.
4. Key Metrics Table: View a table displaying essential metrics including:
- Average EV
- Highest EV
- Lowest EV
- MC-EV (Market Cap minus Enterprise Value)
MC-EV Charting: Easily chart MC-EV to understand how much debt a company has relative to its market cap, providing insight into financial leverage and growth potential.
Why MC-EV Matters: This metric is crucial for evaluating a company’s financial risk and operational efficiency, giving you an edge in making informed investment decisions.
Thanks for reading and I hope you find some value in this! More updates to come.
Risk On/Risk Off Williams %RThe Risk On/Risk Off Williams %R indicator is a technical analysis tool designed to gauge market sentiment by comparing the performance of risk-on and risk-off assets. This indicator combines the Williams %R, a momentum oscillator, with a composite index derived from various financial assets to determine the prevailing market risk sentiment.
Components:
Risk-On Assets: These are typically more volatile and are expected to perform well during bullish market conditions. The indicator uses the following risk-on assets:
SPY (S&P 500 ETF)
QQQ (Nasdaq-100 ETF)
HYG (High-Yield Corporate Bond ETF)
XLF (Financial Select Sector SPDR Fund)
XLK (Technology Select Sector SPDR Fund)
Risk-Off Assets: These are generally considered safer investments and are expected to outperform during bearish market conditions. The indicator includes:
TLT (iShares 20+ Year Treasury Bond ETF)
GLD (SPDR Gold Trust)
DXY (U.S. Dollar Index)
IEF (iShares 7-10 Year Treasury Bond ETF)
XLU (Utilities Select Sector SPDR Fund)
Calculation:
Risk-On Index: The average closing price of the risk-on assets.
Risk-Off Index: The average closing price of the risk-off assets.
The composite index is computed as:
Composite Index=Risk On Index−Risk Off Index
Composite Index=Risk On Index−Risk Off Index
Williams %R: This momentum oscillator measures the current price relative to the high-low range over a specified period. It is calculated as:
\text{Williams %R} = \frac{\text{Highest High} - \text{Composite Index}}{\text{Highest High} - \text{Lowest Low}} \times -100
where "Highest High" and "Lowest Low" are the highest and lowest values of the composite index over the lookback period.
Usage:
Williams %R: A momentum oscillator that ranges from -100 to 0. Values above -50 suggest bullish conditions, while values below -50 indicate bearish conditions.
Background Color: The background color of the chart changes based on the Williams %R relative to a predefined threshold level:
Green background: When Williams %R is above the threshold level, indicating a bullish sentiment.
Red background: When Williams %R is below the threshold level, indicating a bearish sentiment.
Purpose:
The indicator is designed to provide a visual representation of market sentiment by comparing the performance of risk-on versus risk-off assets. It helps traders and investors understand whether the market is leaning towards higher risk (risk-on) or safety (risk-off) based on the relative performance of these asset classes. By incorporating the Williams %R, the indicator adds a momentum-based dimension to this analysis, allowing for better decision-making in response to shifting market conditions.
EMA Crossover Buy/Sell IndicatorScript Overview
This script is a trading indicator designed to identify potential buy and sell signals based on the crossover of two Exponential Moving Averages (EMAs):
Indicator Title and Setup:
The script is named "EMA Crossover Buy/Sell Indicator" and is plotted directly on the price chart.
EMAs Calculation:
It calculates two EMAs: a 20-period EMA and a 50-period EMA. These are used to analyze the market trends over different time frames.
Plotting EMAs:
The 20-period EMA is shown on the chart in blue.
The 50-period EMA is shown in orange.
These lines help visualize the current trend and potential points of interest where the moving averages intersect.
Generating Signals:
A buy signal is triggered when the 20-period EMA crosses above the 50-period EMA.
A sell signal is triggered when the 20-period EMA crosses below the 50-period EMA.
These signals suggest potential buying or selling opportunities based on the crossover of the EMAs.
Displaying Signals:
Buy signals are marked with green labels below the bars on the chart.
Sell signals are marked with red labels above the bars on the chart.
This visual representation helps traders quickly identify potential trading opportunities.
Alerts:
Alerts are set up to notify the trader when a buy or sell signal occurs.
The alert messages specify whether the signal is a buying opportunity or a selling opportunity based on the EMA crossovers.
Predictive Order Blocks [CryptoSea]The Predictive Order Blocks Indicator is a unique and innovative tool that enhances market analysis by identifying support and resistance blocks based on standard deviations from a median line. Unlike traditional indicators that rely solely on the close price, this indicator leverages the median line and standard deviations to form areas of interest, rather than targeting a single price point. This approach provides a more accurate representation of market structure, especially during periods of consolidation and expansion.
Key Features
Multi-Term Length Analysis: The indicator offers short, medium, and long-term settings, allowing traders to customise the analysis based on their preferred trading strategy and timeframe. This flexibility ensures that the tool is adaptable to various market conditions and trading styles.
Standard Deviation-Based Order Blocks: The core functionality of the indicator revolves around calculating standard deviations from a median line to form support and resistance blocks. These blocks provide a clearer and more reliable picture of market structure compared to single-point levels. By focusing on areas rather than exact price levels, the indicator helps traders identify zones where price is likely to react, leading to more informed trading decisions.
Dynamic Box Creation: The indicator dynamically creates breakout boxes based on user-selected standard deviation ranges. These boxes are formed at the start of market expansion following periods of consolidation. This feature is particularly useful because it highlights key levels where price is likely to retrace after breaking out, providing traders with actionable insights during market transitions.
Proximity-Based Gradient Colors: The indicator features gradient colors that change based on the price's proximity to the standard deviation bands. This visual aid helps traders quickly assess the current market condition and the potential significance of the support and resistance blocks.
Adaptive Display Options: To accommodate different trading preferences, the indicator includes options to toggle the display of the trend line (median line) and the standard deviation bands. This flexibility allows traders to customise their chart view to match their analysis style, whether they prefer a more clutter-free view or a detailed breakdown of market levels.
In the example below, the indicator shows the bands compressing during a period of consolidation, highlighting the potential for a breakout.
How it Works
Median Line Calculation: The indicator calculates the median line using a user-defined period. This line serves as the central reference point from which the standard deviations are calculated. By using the median line instead of just the close price, the indicator provides a more stable and reliable baseline for identifying support and resistance areas.
Standard Deviation Bands: Around the median line, the indicator calculates multiple standard deviation bands. These bands represent areas where price is statistically likely to find support or resistance. By focusing on these areas, traders can better anticipate where price might react, rather than relying on arbitrary levels.
Dynamic Box Creation and Expansion Detection: The indicator monitors the compression and expansion of the standard deviation bands. During periods of low volatility (squeeze), the bands compress, indicating consolidation. Once the bands start expanding, it signals the potential for a breakout. At this point, the indicator dynamically creates predictive order blocks based on the selected standard deviation range. These blocks highlight key levels where price might retrace or react, providing traders with valuable entry and exit points.
Color-Coded Proximity Alerts: To further enhance usability, the indicator uses color gradients to indicate how close the current price is to the calculated bands. This visual representation helps traders quickly assess the potential significance of the price's current position relative to the support and resistance areas.
In the example below, the indicator shows the bands expanding with the price, triggering the formation of the predictive order block.
In the final example, the price retraces into the order block before bouncing back to the upside, demonstrating the effectiveness of the identified support area.
Alerts
Trend Line Alerts: The indicator provides alerts when the price crosses above or below the trend line (median line). This feature is crucial for traders looking to identify potential trend changes early, allowing them to act quickly on emerging opportunities.
Band Alerts: Alerts are also triggered when the price crosses above or below the upper or lower bands for each standard deviation level. This helps traders identify potential breakout or breakdown scenarios, ensuring they are notified of significant market movements as they happen.
Customisable Alert Conditions: To cater to different trading strategies, the indicator allows users to set alert conditions for each standard deviation band and the trend line. This level of customisation ensures that traders receive alerts that are relevant to their specific trading style and market analysis.
Application
Strategic Decision-Making: The Predictive Order Blocks Indicator assists traders in making informed decisions by providing detailed analysis of potential breakout zones. By identifying key support and resistance areas, the indicator helps traders plan their entries and exits with greater precision.
Trend Confirmation: The indicator reinforces trading strategies by identifying key levels where price is likely to react. This confirmation is crucial for traders looking to enter trades with higher confidence.
Customized Analysis: The indicator adapts to various trading styles with extensive input settings that control the display and calculation of order blocks. Whether you're a day trader, swing trader, or long-term investor, the indicator can be tailored to meet your specific needs.
Visual Clarity: With customizable color settings and display options, the indicator enhances chart readability, allowing traders to quickly and easily interpret market data.
The Predictive Order Blocks Indicator by CryptoSea is an invaluable addition to a trader's toolkit, offering depth and precision in market trend analysis to navigate complex market conditions effectively.
MTF - Quantum Fibonacci ATR/ADR Levels & Targets**Indicator Overview:**
The *Quantum Fibonacci Wave Mechanics* indicator is a powerful tool designed to help traders identify dynamic support, resistance, and target levels based on the Average True Range (ATR) and Average Daily Range (ADR). This indicator leverages Fibonacci ratios to calculate precise entry and target levels, providing a comprehensive approach to market analysis.
**Key Features:**
- **Dynamic ATR/ADR Levels:** Automatically calculate and plot ATR and ADR-based support and resistance levels, offering insight into market volatility and potential reversal zones.
- **Fibonacci-Based Entry Levels:** Calculate Fibonacci entry levels using the 0.618 ratio, helping traders find optimal points to enter trades.
- **Customizable Target Levels:** Set up to three target levels based on Fibonacci ratios (1.618, 2.618, 3.618), allowing for precise trade management.
- **Stop Loss Lines:** Plot stop loss lines derived from ATR and ADR calculations, ensuring risk is managed effectively.
- **EMA Integration:** Optionally plot an Exponential Moving Average (EMA) line for additional trend confirmation.
- **Customizable Color Settings:** Adjust the colors of all levels and signals to fit your charting preferences.
- **Bar Coloring Based on Signals:** Automatically color bars based on the latest buy or sell signal for easier visual identification.
- **Label Display for Key Levels:** Display labels on the chart for important levels such as entry points, target levels, and stop loss lines.
**How Users Can Benefit:**
This indicator is ideal for traders who want to blend the precision of Fibonacci analysis with the robustness of ATR/ADR calculations. Whether you're a day trader looking for short-term entry points or a swing trader seeking reliable support and resistance levels, this indicator offers a versatile toolset for enhancing your trading decisions.
**Customization Instructions:**
The *Quantum Fibonacci Wave Mechanics* indicator is highly customizable to suit different trading styles and preferences. Below is a guide on how to adjust the settings:
1. **General Settings:**
- **ADR Length:** Define the lookback period for calculating the ADR.
- **EMA Length:** Set the period for the Exponential Moving Average (EMA).
- **Timeframe:** Select the timeframe for which the levels will be calculated (e.g., daily, weekly).
2. **Display Settings:**
- **Show ATR Levels:** Toggle the display of ATR-based support and resistance levels.
- **Show ADR Levels:** Toggle the display of ADR-based support and resistance levels.
- **Show EMA Line:** Toggle the display of the EMA line.
- **Show Stop Loss Lines:** Display stop loss levels derived from ATR and ADR.
- **Show Middle Level Line:** Show the middle level between buy and sell stop loss lines.
- **Show Fibonacci Entry Levels:** Enable the display of Fibonacci-based entry levels.
- **Show Entry Signals:** Plot buy and sell signals based on the crossover of the entry levels.
- **Show Target Levels:** Display up to three target levels for both buy and sell signals.
- **Color Bars Based on Last Signal:** Automatically color bars according to the last signal (buy or sell).
3. **Fibonacci Settings:**
- **Entry Ratio (Fibonacci):** Adjust the Fibonacci ratio used for calculating entry levels (default is 0.618).
- **Target Ratios (Fibonacci):** Set the Fibonacci ratios for up to three target levels (default ratios are 1.618, 2.618, and 3.618).
4. **Color Settings:**
- **Support Levels:** Customize the color of the support lines.
- **Resistance Levels:** Customize the color of the resistance lines.
- **Stop Loss Levels:** Set the color for stop loss lines (default is red).
- **Buy Target Levels:** Set the color for buy target levels (default is white).
- **Sell Target Levels:** Set the color for sell target levels (default is yellow).
5. **Label Display Settings:**
- **Show Labels for The Levels:** Toggle the display of labels for the various levels on the chart.
**Usage Tips:**
- **Combining with Other Indicators:** Use this indicator in conjunction with other technical indicators such as RSI, MACD, or Bollinger Bands to confirm signals.
- **Adjusting to Different Timeframes:** Customize the `timeframeInput` to analyze different market conditions, from intraday to long-term trading.
- **Risk Management:** Utilize the stop loss levels to manage risk effectively, ensuring your trades are protected against adverse market movements.
**Disclaimer:**
*This indicator is provided for educational purposes only and should not be considered financial advice. Trading in financial markets involves risk, and past performance does not guarantee future results. Always conduct your own research and consult with a licensed financial advisor before making any trading decisions. The creator of this indicator is not responsible for any financial losses that may occur from using this tool.*
NEXT BAR PercentagesNEXT BAR Percentages Indicator
This Pine Script code implements the "NEXT BAR Percentages" indicator, designed to analyze and display percentage changes between consecutive bars on a TradingView chart. The script provides valuable insights into how percentage changes in price behave after significant price movements, aiding traders in identifying potential trends or reversals.
Key Features:
Percentage Change Calculations :
Close-to-Close : Calculates the percentage change between the close of the current bar and the close of the previous bar.
High-to-Close : Calculates the percentage change between the high of the current bar and the close of the previous bar.
Low-to-Close : Calculates the percentage change between the low of the current bar and the close of the previous bar.
High-to-Close (Wick) : Computes the percentage change from the close to the high of the current bar.
Low-to-Close (Wick) : Computes the percentage change from the close to the low of the current bar.
Dynamic Table Display :
Creates a table on the chart to display various statistics related to percentage changes.
The table position is customizable, with options including "Top Left," "Middle Left," "Bottom Left," "Top Right," "Middle Right," "Bottom Right," "Top Center," "Middle Center," and "Bottom Center."
Count and Average Calculations :
High POS/NEG Counts : Counts occurrences of significant positive and negative percentage changes based on user-defined thresholds.
High POS/NEG Average : Computes the average percentage change following high positive and negative percentage changes.
Next Bar Statistics : Provides statistics on the percentage change of the next bar following identified significant price movements.
Visual Indicators :
Labels : Plots arrows on the chart when a high positive or high negative percentage change is detected, visually highlighting these events.
Customizable Input Parameters :
Adjust the thresholds for identifying high positive and negative percentage changes ( highpos, highposEnd, highneg, highnegEnd ).
Specify the start date for analysis ( teststartdate ), allowing for focused period analysis.
Usage:
Traders : Gain insights into price behavior following significant movements to make informed trading decisions.
Analysis : Customizable parameters and visual indicators enable detailed analysis of price action and trend identification.
Enhance your chart analysis with this indicator for a clear, data-driven view of percentage changes and their implications for future price movements.
AI-Powered Breakout with Advanced FeaturesDescription
This script is designed to detect breakout moments in financial markets using a combination of traditional breakout detection methods and adaptive moving averages. By leveraging elements of artificial intelligence, the script provides a more dynamic and responsive approach to identifying potential entry and exit points in trading.
Usefulness
This script stands out by integrating a traditional breakout finder with an adaptive moving average component. The adaptive moving average adjusts dynamically based on the differences between fast and slow exponential moving averages (EMAs), offering a more flexible and responsive detection of support and resistance levels. This combination aims to reduce false signals and enhance the reliability of breakout detections, making it a valuable tool for traders seeking to capture market movements more effectively.
Features
1. Breakout Detection: Utilizes pivot highs and lows to identify significant breakout points over a user-defined period. This method helps in capturing the essential support and resistance levels that are critical in breakout trading.
2. AI Machine Learning Component - Adaptive Moving Average: Implements an adaptive moving average using two exponential moving averages (EMAs). adaptiveMA is dynamically adjusted based on the difference between a fast average and a slow average.
3. Buy/Sell Signals: The script generates buy and sell signals when bullish and bearish breakouts occur, respectively. These signals are visually represented on the chart, helping traders to quickly identify potential trading opportunities.
4. Visualization: Draws horizontal lines at identified breakout levels and plots shapes (arrows) on the chart to indicate buy/sell signals. This makes it easy for traders to see where significant breakout points are and where to consider entering or exiting trades.
Underlying Concepts
1. Breakout Finder Logic: The script uses pivot points (highs and lows) to detect breakout levels. It stores these pivot points in arrays and monitors them for persistence, ensuring that the detected breakouts are significant and reliable.
2. Adaptive Moving Average (AMA): The AMA is a key component that enhances the script's responsiveness. By calculating the differences between fast and slow EMAs, the AMA adapts to changing market conditions, providing a more accurate measure of trends and potential reversals.
How to Use
• Adjustable Parameters: The script includes several user-adjustable parameters:
o Lookback Length: Defines the period over which the script calculates the highest high and lowest low for breakout detection.
o Multiplier for Adaptive MA: Adjusts the sensitivity of the adaptive moving average.
o Period for Pivots: Sets the period for detecting pivot highs and lows.
o Max Breakout Length: Specifies the maximum length for breakout consideration.
o Threshold Rate: Determines the threshold rate for breakout validation.
o Minimum Number of Tests: Sets the minimum number of tests required to validate a breakout.
o Colors and Line Style: Customize the colors and line styles for breakout levels.
Interpreting Signals
o Green Arrows: Indicate a bullish breakout signal, suggesting a potential buy opportunity.
o Red Arrows: Indicate a bearish breakout signal, suggesting a potential sell opportunity.
o Horizontal Lines: Show the breakout levels, helping to visualize support and resistance areas.
By combining traditional breakout detection with advanced adaptive moving averages, this script aims to provide traders with a robust tool for identifying and capitalizing on market breakouts.
Credits
Parts of this script were inspired and adapted from the "Breakout Finder" script by LonesomeTheBlue. Significant improvements include the integration of the adaptive moving average component and enhancements to the breakout detection logic.
Intraday Percentage Drawdown from ATHTrack Intraday ATH:
The script maintains an intradayATH variable to track the highest price reached during the trading day up to the current point.
This variable is updated whenever a new high is reached.
Calculate Drawdown and Percentage Drawdown:
The drawdown is calculated as the difference between the intradayATH and the current closing price (close).
The percentage drawdown is calculated by dividing the drawdown by the intradayATH and multiplying by 100.
Plot Percentage Drawdown:
The percentageDrawdown is plotted on the chart with a red line to visually represent the drawdown from the intraday all-time high.
Draw Recession Line:
A horizontal red line is drawn at the 20.00 level, labeled "Recession". The line is styled as dotted and has a width of 2 for better visibility.
Draw Correction Line:
A horizontal yellow line is drawn at the 10.00 level, labeled "Correction". The line is styled as dotted and has a width of 2 for better visibility.
Draw All Time High Line:
A horizontal green line is drawn at the 0.0 level to represent the all-time high, labeled "All Time High". The line is styled as dotted and has a width of 2 for better visibility.
This script will display the percentage drawdown along with reference lines at 20% (recession), 10% (correction), and 0% (all-time high).
FXN - Week and Day Separator midnight open. A simple modification of the regular FXN day separator indicator. It starts the days at 12:00 of the time-zone you select as opposed to the regular 17:00 server time.
Valuation Tool V2Explanation:
Inputs:
equitySymbol: The symbol for the equity index (default is "SPY" for the S&P 500 ETF).
bondSymbol: The symbol for the bond market (default is "TLT" for the 20+ Year Treasury Bond ETF).
Fetch Data:
equityClose and bondClose retrieve the daily closing prices for the specified equity and bond symbols.
Relative Spread Calculation:
The relative spread is calculated by dividing the equity index's closing price by the bond market's closing price.
Thresholds:
The 50-period Simple Moving Average (SMA) of the relative spread is calculated.
Overvalued and undervalued thresholds are set at 10% above and below the SMA, respectively.
Normalized Spread:
The normalized spread is calculated to normalize the relative spread around its SMA, which helps in visualizing it as an oscillator.
Plotting:
The normalized spread is plotted as a blue line in the oscillator panel.
Overvalued and undervalued thresholds are plotted as dotted lines at 0.1 and -0.1, respectively.
The zero line is plotted as a solid orange line.
Background colors indicate overvalued (red) and undervalued (green) regions.
Signals:
Buy signals are plotted when the normalized spread crosses above the undervalued threshold (-0.1).
Sell signals are plotted when the normalized spread crosses below the overvalued threshold (0.1).
This script plots the relative spread as an oscillator, allowing you to see overvalued and undervalued conditions in a separate panel. You can further customize the look and feel based on your preferences and trading strategy.
Moving Average Confluence [ST]Moving Average Confluence
Description in English:
This indicator uses multiple moving averages (SMA, EMA, WMA) with different periods to identify confluence points that can indicate support or resistance zones.
Detailed Explanation:
Configuration:
SMA Length: This input defines the period for the Simple Moving Average (SMA). The default value is 50.
EMA Length: This input defines the period for the Exponential Moving Average (EMA). The default value is 50.
WMA Length: This input defines the period for the Weighted Moving Average (WMA). The default value is 50.
Confluence Threshold: This input defines the maximum allowable difference between the moving averages to consider them in confluence. The default value is 0.01.
Calculation of Moving Averages:
SMA: Calculated as the simple arithmetic mean of the closing prices over the specified period.
EMA: Calculated by giving more weight to recent prices.
WMA: Calculated by weighting the closing prices based on their age.
Identification of Confluence:
Confluence is identified when the differences between SMA, EMA, and WMA are all within the specified threshold. This can indicate potential support or resistance zones.
Plotting:
The SMA, EMA, and WMA are plotted with different colors for easy identification.
Confluence points are marked with yellow labels on the chart.
Indicator Benefits:
Support and Resistance Identification: Helps traders identify potential support and resistance zones through the confluence of different moving averages.
Visual Cues: Provides clear visual signals for confluence points, aiding in making informed trading decisions.
Customizable Parameters: Allows traders to adjust the periods of the moving averages and the confluence threshold to suit different trading strategies and market conditions.
Justification of Component Combination:
Combining multiple types of moving averages (SMA, EMA, WMA) provides a comprehensive view of market trends. Identifying confluence points where these averages are close together can indicate strong support or resistance levels.
How Components Work Together:
The script calculates the SMA, EMA, and WMA for the specified periods.
It then checks if the differences between these moving averages are within the specified threshold.
When a confluence is detected, it is marked on the chart with a yellow label, providing a clear visual signal to the trader.
Título: Confluência de Médias Móveis
Descrição em Português:
Este indicador utiliza várias médias móveis (SMA, EMA, WMA) com diferentes períodos para identificar pontos de confluência que podem indicar zonas de suporte ou resistência.
Explicação Detalhada:
Configuração:
Comprimento da SMA: Este parâmetro define o período para a Média Móvel Simples (SMA). O valor padrão é 50.
Comprimento da EMA: Este parâmetro define o período para a Média Móvel Exponencial (EMA). O valor padrão é 50.
Comprimento da WMA: Este parâmetro define o período para a Média Móvel Ponderada (WMA). O valor padrão é 50.
Limite de Confluência: Este parâmetro define a diferença máxima permitida entre as médias móveis para considerá-las em confluência. O valor padrão é 0.01.
Cálculo das Médias Móveis:
SMA: Calculada como a média aritmética simples dos preços de fechamento ao longo do período especificado.
EMA: Calculada atribuindo mais peso aos preços mais recentes.
WMA: Calculada ponderando os preços de fechamento com base em sua idade.
Identificação de Confluência:
A confluência é identificada quando as diferenças entre SMA, EMA e WMA estão todas dentro do limite especificado. Isso pode indicar potenciais zonas de suporte ou resistência.
Plotagem:
A SMA, EMA e WMA são plotadas com cores diferentes para fácil identificação.
Pontos de confluência são marcados com etiquetas amarelas no gráfico.
Benefícios do Indicador:
Identificação de Suporte e Resistência: Ajuda os traders a identificar potenciais zonas de suporte e resistência através da confluência de diferentes médias móveis.
Sinais Visuais Claros: Fornece sinais visuais claros para pontos de confluência, auxiliando na tomada de decisões informadas.
Parâmetros Personalizáveis: Permite que os traders ajustem os períodos das médias móveis e o limite de confluência para se adequar a diferentes estratégias de negociação e condições de mercado.
Justificação da Combinação de Componentes:
Combinar vários tipos de médias móveis (SMA, EMA, WMA) fornece uma visão abrangente das tendências do mercado. Identificar pontos de confluência onde essas médias estão próximas pode indicar níveis fortes de suporte ou resistência.
Como os Componentes Funcionam Juntos:
O script calcula a SMA, EMA e WMA para os períodos especificados.
Em seguida, verifica se as diferenças entre essas médias móveis estão dentro do limite especificado.
Quando uma confluência é detectada, ela é marcada no gráfico com uma etiqueta amarela, fornecendo um sinal visual claro para o trader.
BB Position CalculatorPosition Size Calculator Instructions
Overview
The Position Size Calculator is designed to help traders automatically determine the appropriate lot size based on the dollar amount they are willing to risk. It includes features for automatic lot sizing, fixed lot risk calculations, take profit calculations (both automatic and fixed), max run-up, and max drawdown. Calculated values are displayed in ticks, points, and USD.
Key Features
• Automatic Lot Sizing: Automatically calculates lot size based on the amount of money you are willing to risk.
• Fixed Lot Risk Calculations: Provides risk calculations for fixed lot sizes.
• Take Profit Calculations: Offers both automatic and fixed take profit calculations.
• Max Run-Up and Max Drawdown: Monitors and displays the maximum run-up and drawdown of your trade.
• Detailed Metrics: Displays all calculated values in ticks, points, and USD.
Setup Instructions
1. Add and Remove for Each Position: The calculator is designed to be added to your chart for each new position. Once your preferences are set the first time, save them as your default to retain your settings for future use.
2. Adding the Indicator to Favorites:
• Use the TradingView keyboard shortcut “/” then type “pos.”
• Use the arrow key to select the Position Size Calculator and press enter.
• Close the indicator selection pop-up.
3. Setting the Trigger Price:
• A blue pop-up labeled “SET TRIGGER PRICE” will appear at the bottom of the chart.
• Click on the chart at the price level where you want to enter the trade.
4. Setting the Stop Loss:
• The pop-up will change to “SET STOP LOSS.”
• Click on the chart at the price level where your stop loss will be set.
5. Setting the Take Profit:
• The pop-up will change to “SET TAKE PROFIT.”
• Click on the chart at the price level where you want to take profit. If you have selected the option to overwrite with a set risk/reward ratio (R:R), the calculation will use this price level.
6. Setting the Trade Window Start:
• The pop-up will change to “SET TRADE WINDOW START.”
• Click on the bar in time where you want the indicator to start monitoring for price to trigger the position.
7. Adjusting the Position:
• Clicking on any part of the indicator will display draggable lines, allowing you to fine-tune the position that was previously plotted by the first four chart clicks.
Additional Notes
• Compatibility: This calculator has only been tested with futures trading.
• Customization: Once your preferences are set, save them as your default to make setup quicker for future trades.
• Support: If you have any questions or feature requests, please feel free to reach out.
[SGM Geometric Brownian Motion]Description:
This indicator uses Geometric Brownian Motion (GBM) simulations to predict possible price trajectories of a financial asset. It helps traders visualize potential price movements, assess risks, and make informed decisions.
Geometric Brownian Motion:
Geometric Brownian Motion is an extension of standard Brownian motion (or Wiener process) used to model the random behavior of particles in physics. In finance, this concept is used to model the evolution of asset prices over time in a continuous manner. The basic idea is that the price of an asset does not only change randomly but also exponentially depending on certain parameters.
Basic formula
The formula for the evolution of the price of an asset S(t) under MBG is given by the following stochastic differential equation:
𝑑𝑆(𝑡) = 𝜇𝑆(𝑡)𝑑𝑡 + 𝜎𝑆(𝑡)𝑑𝑊(𝑡)
where:
S(t) is the price of the asset at time
μ is the expected growth rate (or drift).
σ is the volatility of the price of the asset.
dW(t) represents the noise term, i.e. the standard Brownian motion.
Explanations of the terms
Expected growth rate (μ):
This is the expected average return on the asset. If you think your asset will grow by 5% per year,
μ will be 0.05.
Volatility (σ):
It is a measure of the uncertainty or risk associated with the asset. If the asset price varies a lot, σ will be high.
Noise term (dW(t)):
It represents the randomness of the price change, modeled by a Wiener process.
Features:
Customizable number of simulations: Choose the number of price trajectories to simulate to get a better estimate of future movements.
Adjustable simulation length: Set the duration of the simulations in number of periods to adapt the indicator to your trading horizons.
Trajectory display: Visualize the simulated price trajectories directly on the chart to better understand possible future scenarios.
Dispersion calculations: Display the distribution of simulated final prices to assess dispersion and potential variations.
Sharpe ratio distribution: Analyze the risk-adjusted performance of simulations using the Sharpe ratio distribution.
Risk Statistics: Get key risk metrics like maximum drawdown, average return, and Value at Risk (VaR) at different confidence levels.
User Inputs:
Number of Simulations: 200 by default.
Simulation Length: 10 periods by default.
Brownian Motion Transparency: Adjust the transparency of simulated lines for better visualization.
Brownian Motion Display: Enable or disable the display of simulated paths.
Brownian Dispersion Display: Display the distribution of simulated final prices.
Sharpe Dispersion Display: Display the distribution of Sharpe ratios.
Customizable Colors: Choose colors for lines and tables.
Usage:
Configure Settings: Adjust the number of simulations, simulation length, and display preferences to suit your needs.
Analyze Simulated Paths: Simulated path lines appear on the chart, representing possible price developments.
Review Dispersion Charts: Review the charts to understand the distribution of final prices and Sharpe ratios, as well as key risk statistics. This indicator is ideal for traders looking to anticipate future price movements and assess the associated risks. With its detailed simulations and dispersion analyses, it provides valuable insight into the financial markets.
Trend Lines with Gradient [ST]Trend Lines with Gradient
Description in English:
This indicator identifies trend lines and applies a gradient coloring to visualize the strength of the trend over time.
The color is stronger at the beginning of the trend and weaker at the end, helping traders to visually assess the trend's development.
Detailed Explanation:
Configuration:
Length for Trend Calculation: This input defines the period over which the trend is calculated. The default value is 14. This means the script will look at the past 14 bars to determine the trend.
Uptrend Color: This input sets the base color for uptrend lines and gradient. The default color is green.
Downtrend Color: This input sets the base color for downtrend lines and gradient. The default color is red.
Color Strength: This input defines the strength of the color gradient. A higher value means a stronger gradient effect from the start to the end of the trend.
Trend Calculation:
The script calculates a simple moving average (SMA) over the defined length to identify trends.
Uptrend: Identified when the current close is above the SMA.
Downtrend: Identified when the current close is below the SMA.
Gradient Coloring:
The script uses a function to calculate the gradient color based on the position within the trend. The color is stronger at the beginning of the trend and becomes weaker towards the end.
Alpha Value: The transparency of the color is adjusted based on the position within the trend, creating a gradient effect.
Drawing Trend Lines:
Uptrend Lines: When an uptrend is identified, the script draws trend lines connecting the lows of the bars within the trend length, applying the gradient color.
Downtrend Lines: When a downtrend is identified, the script draws trend lines connecting the highs of the bars within the trend length, applying the gradient color.
These lines provide a visual representation of the trend strength over time.
Background Coloring:
The script also colors the background of the chart based on the trend, applying the gradient effect to further enhance visual cues for traders.
Indicator Benefits:
Visual Trend Identification: Helps traders quickly identify the direction and strength of trends using gradient coloring.
Enhanced Analysis: The gradient effect provides insights into the development of the trend, showing where it started strong and where it might be weakening.
Customizable Parameters: Allows traders to adjust the length for trend calculation and the strength of the gradient to suit different trading strategies and market conditions.
Justification of Component Combination:
Combining trend lines with gradient coloring provides a comprehensive visual tool for assessing trend strength and direction. The gradient effect enhances the trader's ability to see how trends develop over time.
How Components Work Together:
The script first calculates the SMA to identify trends.
It then draws trend lines connecting lows (for uptrends) and highs (for downtrends) with a gradient color.
The background color is also adjusted based on the trend direction, creating a unified visual tool for trend analysis.
Título: Linhas de Tendência com Gradiente
Descrição em Português:
Este indicador identifica linhas de tendência e aplica uma coloração em gradiente para visualizar a força da tendência ao longo do tempo. A cor é mais forte no início da tendência e mais fraca no final, ajudando os traders a avaliar visualmente o desenvolvimento da tendência.
Explicação Detalhada:
Configuração:
Comprimento para Cálculo da Tendência: Este input define o período sobre o qual a tendência é calculada. O valor padrão é 14. Isso significa que o script analisará os últimos 14 candles para determinar a tendência.
Cor da Tendência de Alta: Este input define a cor base para as linhas de tendência de alta e gradiente. A cor padrão é verde.
Cor da Tendência de Baixa: Este input define a cor base para as linhas de tendência de baixa e gradiente. A cor padrão é vermelha.
Força da Cor: Este input define a intensidade do efeito gradiente. Um valor mais alto significa um efeito de gradiente mais forte do início ao fim da tendência.
Cálculo da Tendência:
O script calcula uma média móvel simples (SMA) ao longo do comprimento definido para identificar as tendências.
Tendência de Alta: Identificada quando o fechamento atual está acima da SMA.
Tendência de Baixa: Identificada quando o fechamento atual está abaixo da SMA.
Coloração em Gradiente:
O script usa uma função para calcular a cor gradiente com base na posição dentro da tendência. A cor é mais forte no início da tendência e se torna mais fraca em direção ao final.
Valor Alpha: A transparência da cor é ajustada com base na posição dentro da tendência, criando um efeito de gradiente.
Desenho de Linhas de Tendência:
Linhas de Tendência de Alta: Quando uma tendência de alta é identificada, o script desenha linhas de tendência conectando as mínimas dos candles dentro do comprimento da tendência, aplicando a cor gradiente.
Linhas de Tendência de Baixa: Quando uma tendência de baixa é identificada, o script desenha linhas de tendência conectando as máximas dos candles dentro do comprimento da tendência, aplicando a cor gradiente.
Essas linhas fornecem uma representação visual da força da tendência ao longo do tempo.
Coloração de Fundo:
O script também colore o fundo do gráfico com base na tendência, aplicando o efeito gradiente para melhorar ainda mais as dicas visuais para os traders.
Benefícios do Indicador:
Identificação Visual de Tendências: Ajuda os traders a identificar rapidamente a direção e a força das tendências usando a coloração em gradiente.
Análise Aprimorada: O efeito gradiente fornece insights sobre o desenvolvimento da tendência, mostrando onde ela começou forte e onde pode estar enfraquecendo.
Parâmetros Personalizáveis: Permite que os traders ajustem o comprimento para cálculo da tendência e a intensidade do gradiente para se adequar a diferentes estratégias de negociação e condições de mercado.
Justificação da Combinação de Componentes:
Combinar linhas de tendência com coloração em gradiente fornece uma ferramenta visual abrangente para avaliar a força e a direção das tendências. O efeito gradiente melhora a capacidade do trader de ver como as tendências se desenvolvem ao longo do tempo.
Como os Componentes Funcionam Juntos:
O script primeiro calcula a SMA para identificar as tendências.
Em seguida, desenha linhas de tendência conectando mínimas (para tendências de alta) e máximas (para tendências de baixa) com uma cor gradiente.
A cor de fundo também é ajustada com base na direção da tendência, criando uma ferramenta visual unificada para análise de tendências.
Daily Liquidity Peaks and Troughs [ST]Daily Liquidity Peaks and Troughs
Description in English:
This indicator identifies peaks and troughs of highest liquidity on a daily timeframe by analyzing volume data. It helps traders visualize key points of high buying or selling pressure, which could indicate potential reversal or continuation areas.
Detailed Explanation:
Configuration:
Lookback Length: This input defines the period over which the highest high and lowest low are calculated. The default value is 14. This means the script will look at the past 14 bars to determine if the current high or low is a pivot point.
Volume Threshold Multiplier: This input defines the multiplier for the average volume. For example, a multiplier of 1.5 means the volume needs to be 1.5 times the average volume to be considered a significant peak or trough.
Peak Color: This input sets the color for liquidity peaks. The default color is red.
Trough Color: This input sets the color for liquidity troughs. The default color is green.
Volume Calculation:
Average Volume: The script calculates the simple moving average (SMA) of the volume over the lookback period. This helps to identify periods of significantly higher volume.
Volume Threshold: The threshold is determined by multiplying the average volume by the volume threshold multiplier. Only volumes exceeding this threshold are considered significant.
Identifying Peaks and Troughs:
Liquidity Peak: A peak is identified when the current high is the highest high over the lookback period and the current volume exceeds the volume threshold. This indicates a potential area of strong selling pressure.
Liquidity Trough: A trough is identified when the current low is the lowest low over the lookback period and the current volume exceeds the volume threshold. This indicates a potential area of strong buying pressure.
These peaks and troughs are marked on the chart with labels and shapes for easy visualization.
Plotting Peaks and Troughs:
Labels: The script uses labels to mark peaks and troughs on the chart. Peaks are marked with a red label and troughs with a green label.
Shapes: The script plots triangles above peaks and below troughs to highlight these areas visually.
Indicator Benefits:
Liquidity Identification: Helps traders identify key areas of high liquidity, indicating strong buying or selling pressure.
Visual Cues: Provides clear visual signals for potential reversal or continuation points, aiding in making informed trading decisions.
Customizable Parameters: Allows traders to adjust the lookback length and volume threshold to suit different trading strategies and market conditions.
Justification of Component Combination:
Peaks and Troughs Identification: Combining pivot points with volume analysis provides a robust method to identify significant liquidity areas. This helps in detecting potential market reversals or continuations.
Volume Analysis: Utilizing average volume and volume threshold ensures that only significant volume spikes are considered, enhancing the accuracy of identified peaks and troughs.
How Components Work Together:
The script first calculates the average volume over the specified lookback period.
It then checks each bar to see if it qualifies as a liquidity peak or trough based on the highest high, lowest low, and volume threshold.
When a peak or trough is identified, it is marked on the chart with a label and a shape, providing clear visual cues for traders.
Título: Picos e Fundos de Liquidez Diários
Descrição em Português:
Este indicador identifica picos e fundos de maior liquidez no gráfico diário, analisando os dados de volume. Ele ajuda os traders a visualizar pontos-chave de alta pressão de compra ou venda, o que pode indicar áreas potenciais de reversão ou continuação.
Explicação Detalhada:
Configuração:
Comprimento de Retrocesso: Este input define o período sobre o qual a máxima e mínima são calculadas. O valor padrão é 14. Isso significa que o script analisará os últimos 14 candles para determinar se a máxima ou mínima atual é um ponto de pivô.
Multiplicador de Limite de Volume: Este input define o multiplicador para o volume médio. Por exemplo, um multiplicador de 1.5 significa que o volume precisa ser 1.5 vezes o volume médio para ser considerado um pico ou fundo significativo.
Cor do Pico: Este input define a cor para os picos de liquidez. A cor padrão é vermelha.
Cor do Fundo: Este input define a cor para os fundos de liquidez. A cor padrão é verde.
Cálculo do Volume:
Volume Médio: O script calcula a média móvel simples (SMA) do volume ao longo do período de retrocesso. Isso ajuda a identificar períodos de volume significativamente mais alto.
Limite de Volume: O limite é determinado multiplicando o volume médio pelo multiplicador de limite de volume. Apenas volumes que excedem esse limite são considerados significativos.
Identificação de Picos e Fundos:
Pico de Liquidez: Um pico é identificado quando a máxima atual é a máxima mais alta no período de retrocesso e o volume atual excede o limite de volume. Isso indica uma potencial área de forte pressão de venda.
Fundo de Liquidez: Um fundo é identificado quando a mínima atual é a mínima mais baixa no período de retrocesso e o volume atual excede o limite de volume. Isso indica uma potencial área de forte pressão de compra.
Esses picos e fundos são marcados no gráfico com etiquetas e formas para fácil visualização.
Plotagem de Picos e Fundos:
Etiquetas: O script usa etiquetas para marcar picos e fundos no gráfico. Os picos são marcados com uma etiqueta vermelha e os fundos com uma etiqueta verde.
Formas: O script plota triângulos acima dos picos e abaixo dos fundos para destacar essas áreas visualmente.
Benefícios do Indicador:
Identificação de Liquidez: Ajuda os traders a identificar áreas-chave de alta liquidez, indicando forte pressão de compra ou venda.
Cues Visuais: Fornece sinais visuais claros para pontos potenciais de reversão ou continuação, auxiliando na tomada de decisões informadas.
Parâmetros Personalizáveis: Permite que os traders ajustem o comprimento de retrocesso e o limite de volume para se adequar a diferentes estratégias de negociação e condições de mercado.
Justificação da Combinação de Componentes:
Identificação de Picos e Fundos: A combinação de pontos de pivô com análise de volume fornece um método robusto para identificar áreas significativas de liquidez. Isso ajuda na detecção de potenciais reversões ou continuações de mercado.
Análise de Volume: Utilizar o volume médio e o limite de volume garante que apenas picos de volume significativos sejam considerados, aumentando a precisão dos picos e fundos identificados.
Como os Componentes Funcionam Juntos:
O script primeiro calcula o volume médio ao longo do período especificado de retrocesso.
Em seguida, verifica cada barra para ver se ela se qualifica como um pico ou fundo de liquidez com base
Enhanced Trend Arrows with Moving Average [ST]Enhanced Trend Arrows with Moving Average
Description in English:
This indicator is designed to identify market trends using a moving average and displays arrows after three consecutive closes above or below the moving average. It helps traders visualize confirmed trends and make informed decisions.
Detailed Explanation:
Configuration:
Length: Defines the period over which the moving average is calculated. The default value is 14.
MA Type: Allows choosing between a Simple Moving Average (SMA) and an Exponential Moving Average (EMA).
Uptrend Color: Sets the color of the arrows indicating an uptrend. The default color is green.
Downtrend Color: Sets the color of the arrows indicating a downtrend. The default color is red.
Moving Average Calculation:
The moving average (MA) is calculated based on the selected type (SMA or EMA) and period. The SMA is the simple arithmetic mean of the closing prices over the specified period, while the EMA gives more weight to recent prices.
Trend Identification:
The script detects when the price crosses above (crossover) or below (crossunder) the moving average.
When a crossover occurs (price moves above the MA), it indicates a potential uptrend, and the trend variable is set to 1.
When a crossunder occurs (price moves below the MA), it indicates a potential downtrend, and the trend variable is set to -1.
The script tracks the closing price at the crossover or crossunder point using the trendPrice variable.
It also counts consecutive bars above or below the moving average to confirm the trend, using above_count for uptrend and below_count for downtrend.
Arrow Display:
The script displays an up arrow ("▲") after three consecutive closes above the moving average, indicating a confirmed uptrend.
Similarly, it displays a down arrow ("▼") after three consecutive closes below the moving average, indicating a confirmed downtrend.
The arrows are displayed at the trendPrice level to clearly indicate the point at which the trend was confirmed.
Indicator Benefits:
Trend Identification: Helps traders identify market trends using moving averages, which are widely used in technical analysis.
Visual Cues: The arrows provide clear visual signals for confirmed trends, making it easier for traders to make informed decisions.
New Features and Enhancements:
This script has been enhanced to provide more accurate trend identification by ensuring arrows are only displayed after three consecutive closes above or below the moving average.
The color customization options for uptrend and downtrend arrows have been added for better visualization.
Improved description and explanations to make the functionality and usage of the indicator clearer.
Precise ATR Stop Loss - Daily Pullbacks [ST]Precise ATR Stop Loss - Daily Pullbacks
This indicator uses ATR (Average True Range) combined with the identification of pullback lows and highs on daily charts to calculate more precise stop loss levels.
How it works:
Identification of Pullbacks:
Pullback Lows: Identifies significant low points on daily charts that can serve as support.
Pullback Highs: Identifies significant high points on daily charts that can serve as resistance.
ATR (Average True Range):
Measures market volatility and is used to adjust stop loss levels according to market conditions.
Dynamic Stop Loss:
Stop Loss for Uptrend:
When a pullback low is identified on a daily chart, the stop loss is set slightly below this point, adjusted by the ATR.
This level is shown by a green line on the chart.
Stop Loss for Downtrend:
When a pullback high is identified on a daily chart, the stop loss is set slightly above this point, adjusted by the ATR.
This level is shown by a red line on the chart.
Indicator Benefits:
Improved Precision: Uses significant pullback points on daily charts to set stops more accurately.
Dynamic Stop Loss:
Automatically adjusts stop loss levels according to market volatility, providing more effective risk management.
Título: Precise ATR Stop Loss - Daily Pullbacks
Descrição em Português:
Este indicador utiliza o ATR (Average True Range) combinado com a identificação de fundos e topos de pullback em gráficos diários para calcular níveis de stop loss mais precisos.
Como funciona:
Identificação de Pullbacks:
Fundos de Pullback: Identifica pontos de mínima significativos em gráficos diários que podem servir como suporte.
Topos de Pullback: Identifica pontos de máxima significativos em gráficos diários que podem servir como resistência.
ATR (Average True Range):
Mede a volatilidade do mercado e é utilizado para ajustar os níveis de stop loss de acordo com as condições do mercado.
Stop Loss Dinâmico:
Stop Loss para Tendência de Alta: Quando um fundo de pullback é identificado em um gráfico diário, o stop loss é colocado um pouco abaixo desse ponto, ajustado pelo ATR. Este nível é mostrado por uma linha verde no gráfico.
Stop Loss para Tendência de Baixa: Quando um topo de pullback é identificado em um gráfico diário, o stop loss é colocado um pouco acima desse ponto, ajustado pelo ATR. Este nível é mostrado por uma linha vermelha no gráfico.
Benefícios do Indicador:
Precisão Melhorada: Utiliza pontos de pullback significativos em gráficos diários para posicionar stops de forma mais precisa.
Stop Loss Dinâmico: Ajusta automaticamente os níveis de stop loss de acordo com a volatilidade do mercado, proporcionando uma gestão de risco mais eficaz.
