Stochastic Trend Evaluator (STE)Stochastic Trend Evaluator (STE): Detailed Description
Overview :
The Stochastic Trend Evaluator (STE) is a sophisticated trading tool designed for TradingView that combines stochastic oscillation analysis with Exponential Moving Average (EMA) trends. It is tailored to assist traders in identifying potential buy and sell opportunities in various market conditions, particularly focusing on trend reversals and momentum shifts.
Functionality & Concept :
The STE is built on two core components – the Stochastic Oscillator and the 200-period EMA.
Stochastic Oscillator :
This oscillator is a momentum indicator comparing a particular closing price of a security to a range of its prices over a certain period.
Settings:
- %K Length: 14
- %K Smoothing: 3
- %D Smoothing: 3
The %K line is the main line indicating momentum, while the %D line is a moving average of %K, providing signal triggers.
200 EMA :
The 200-period EMA serves as a dynamic trend indicator.
It helps in distinguishing between bullish and bearish market phases.
A closing price above the 200 EMA suggests a bullish trend, while below it indicates a bearish trend.
Signal Generation :
STE generates signals based on the interaction between the Stochastic Oscillator and the 200 EMA.
Buy Signal :
Occurs when the stochastic %K crosses above 20 (indicative of oversold conditions), and the closing price is above the 200 EMA.
Represented visually by green label-up arrows.
Sell Signal :
Triggered when the stochastic %K crosses below 80 (suggestive of overbought conditions), and the closing price is below the 200 EMA.
Indicated by red label-down arrows.
Background Color Indicator :
The background color of the chart changes to enhance visual interpretation of the market condition.
Green background for a bullish market scenario (when a buy signal is active).
Red background for a bearish market scenario (when a sell signal is active).
Usage Guidelines :
The STE is best used in markets that exhibit clear trends.
Ideal for traders focusing on medium to long-term trade setups.
Can be used in conjunction with other indicators for confirmation and risk management.
Note : The STE, being a proprietary tool, is based on a unique blend of standard technical analysis concepts and custom logic to provide these trading signals. It is designed to give traders a comprehensive view of the market momentum and trend strength without revealing the intricate details of its algorithm.
Moving Averages
Kernel Regression RibbonKernel Regression Ribbon is a flexible, visually pleasing trend identification tool. Plotting 8 different kernel regressions of different types and parameters allows the user to see where levels of support and resistance are being tested, retested and broken.
What’s Kernel Regression?
A statistical method for estimating the best fitting curve for a dataset, in this case, a time/price chart.
How’s Kernel Regression different from a Moving Average?
A Moving Average is basically a simple form of Kernel Regression, in that it uses a fixed (Retangular) Kernel function. In an MA, all data points are weighted equally over its length. However, a Kernel function reacts more to data points that are closer to the current point. This means it will adapt more quickly to changes in data than an MA. Due to this adaptability, Kernel functions often form part of Machine Learning.
Using this indicator:
Explore the default Regular mode first to get a feel for the inputs, which are more numerous than for MAs. Try out different settings, filters and intervals to get the best out of each kernel. Not all parameters are available for each KR. There are info tips to explain this in the menu, but I’ve also included handy, optional labels on the chart for each KR as a more accessible guide.
Once you know your way round the Regular mode, check out the Presets and start changing the parameters of each kernel to your liking in the “User KR1, KR2, … “ mode. Each kernel type has its strong and weak points. Blending different kernels is where this indicator comes into its own. Give your charts a funky shine!
This indicator does NOT repaint.
This script acknowledges, and hopefully showcases, the great work of @veryfid Kernel Regression Toolkit.
Gradient Value Overlay
This script helps with identifying certain conditions without cluttering too much of the candles.
Some use cases:
It helps identify rsi low and high values.
Directional price movement becoming difficult.
low and high volume.
it uses a percent rank to distinguish low and high values.
It then uses a gradient to match the percentile rank to heatmap type colors.
i.e. dark blue for lowest volume, white for highest volume.
Current options are:
max bars to use.
approximate color - This value will attempt to give an approximation of what the color might be for the candle close.
e.g. If you're on the 1-hour chart, and only 30 minutes have past, it will multiple the current volume by 1.5. As time passes, if no volume comes in eventually, it will multiply current volume by 1.
This approximate value is only set to work with volume-based options.
option - select the type of value you'd like to see the gradient for.
timeframe - get values from a different chart timeframe.
on/off - turns the gradient on or off.
Gradient type - color wheel or heatmap. Currently these are the only two gardient options.
color wheel's colors for low to high values:
color wheel's current colors:
dark blue
purple
pink
red
orange
yellow
green
teal
white
heatmap's current colors from low values to high values:
dark blue
purple
pink
red
orange
yellow
white
reverse gradient - will reverse the colors so dark blue will be the high value and white will be the low value. Some charts based on previous data; you might need to switch the gradient colors.
moving average length while inside timeframe - an exponential moving average is applied to the values. At 1, there is no moving average applied.
Use case for this is to smooth out the gradient.
An example use case - if your currently on the 1-hour chart, you can set the timeframe to 1 minute and then the moving average length inside timeframe to 60. You will then be seeing the color sixty 1-minute bars.
current timeframe moving average length - an exponential moving average applied to current gradient (helps with smoothing gradient).
Smooth, further smooths values.
There is no set rule for what moving average lengths to use. Adjust timeframe, and moving average lengths to get an insight.
Temporary imbalances 2.0 This indicator attempts to calculate potential points of imbalance and equilibrium based on VWAPs and modified moving averages. The idea is to determine if there has been a change in volume and perform the calculation from that point It uses the standard deviation to determine the significant imbalance threshold. Candles with bullish imbalances are highlighted in green, while candles with bearish imbalances are highlighted in red.
"It also features a set of VWAPs and modified moving averages that you can enable or disable."
When you activate the 'Show Anchor VWAP' option, it will add five modified VWAPs.
Practical Significance:
The Anchored VWAP is a volume-weighted average price that serves as a dynamic reference to assess the average price during specific moments of market imbalance.
During a bullish imbalance, the anchor_vwap reflects the VWAP at that moment, emphasizing price behavior during that specific period.
Similarly, in a bearish imbalance, the anchor_vwap provides the associated VWAP for that condition, highlighting price movements during the imbalance phase.
How to Use:
The anchor_vwap can be employed to contextualize the volume-weighted average price during critical moments associated with significant changes in market imbalance.
By analyzing price behavior during and after periods of imbalance, the Anchored VWAP can help better understand market dynamics and identify potential areas of support or resistance.
Show VWAP Percent Imbalance"
Definition: Represents the Volume Weighted Average Price (VWAP) adjusted by the volume-weighted average of the price multiplied by volume, with a focus on conditions where the percentage volume variation surpasses a predefined threshold.
Calculation: Utilizes the simple moving average weighted of the product of the volume-weighted average price and volume only when the percentage volume variation exceeds a specific threshold.
Interpretation: Provides insight into the volume-weighted price trend during conditions where the percentage volume variation exceeds a predefined limit.
The "showDeltaVWAP" is a toggleable setting that you can turn on or off. When activated, it displays special lines on the chart. Let's understand what these lines represent:
Delta Anchor VWAP:
A green line (Delta Anchor VWAP) represents a measure of market volume imbalance.
Delta2 Anchor VWAP:
A red line (Delta2 Anchor VWAP) shows another perspective of volume imbalance.
VWAP Delta Volume:
A light blue line (VWAP Delta Volume) displays a volume-weighted average of price.
VWAP Delta Volume2:
An orange line (VWAP Delta Volume2) shows another view of the volume-weighted average of price.
Delta3 Anchor VWAP:
A light blue line (Delta3 Anchor VWAP) represents a combination of the previous measures.
Delta4 Anchor VWAP:
A purple line (Delta4 Anchor VWAP) is another combination, providing an overall view.
These lines are based on different conditions and calculations related to trading volume. When you activate "showDeltaVWAP," these lines appear on the chart, aiding in better understanding market behavior.
"Show Faster Volatility" is an option that you can enable or disable. When activated (set to true), it displays special lines on the chart called "Faster Volatility VWAP," "Faster Volatility VWAP2," and "Faster Volatility VWAP3." Let's understand what these lines represent:
Faster Volatility VWAP:
A purple line (Faster Volatility VWAP) is a Volume Weighted Average Price (VWAP) that is calculated more quickly based on short-term price reversal patterns.
Faster Volatility VWAP2:
A light gray line (Faster Volatility VWAP2) is another Volume Weighted Average Price (VWAP) that is calculated even more quickly based on even shorter-term price reversal patterns.
Faster Volatility VWAP3:
A purple line (Faster Volatility VWAP3) is another Volume Weighted Average Price (VWAP) calculated rapidly based on even shorter-term price reversal patterns.
These lines are designed to indicate moments of possible exhaustion of volatility in the market, suggesting that there may be a subsequent increase in volatility. When you activate "Show Faster Volatility," these lines are displayed on the chart.
"Show Average VWAPs Imbalance" displays weighted averages of different Volume Weighted Average Prices (VWAPs) in relation to specific market conditions. Here's an explanation of each component:
Standard VWAP:
The blue line represents the standard VWAP, a volume-weighted average of asset prices over a specific period.
VWAP with Added Imbalance (avg_vwap2):
The pink line is a weighted average that adds an imbalance value to the standard VWAP. This component highlights periods of market imbalance.
VWAP with Balance (avg_vwap3):
The lilac line is a weighted average that adds balance based on the imbalance between uptrend and downtrend, reflecting changes in volume. This provides insights into supply and demand dynamics.
Overall Average of VWAPs (avg_vwaptl):
The violet line is a weighted average that incorporates both standard and adjusted VWAPs, offering an overview of market behavior under different considered conditions.
Visual Customization (Show Average VWAPs Imbalance):
Users have the option to show or hide these average lines on the chart, allowing for a clear visualization of market trends.
"Show Min Variation VWAP" is associated with the calculation and display of a smoothed version of the Volume Weighted Average Price (VWAP), taking into account the minimum price variation over a specific period.
"How Imbalance Anchor VWAP Calculated as the smoothed relationship between liquidity difference and maximum VWAP equilibrium" is associated with the calculation and display of a smoothed version of the Imbalance Anchor VWAP. Here is a detailed explanation:
Calculations and Smoothing:
The variable "smoothed_difference" represents the exponential moving average (EMA) of the difference between two variables related to liquidity.
"smoothed_difference2" is the division of "smoothed_difference" by the maximum variation of the VWAP Equilibrium.
"smoothed_difference3" involves additional manipulation of "smoothed_difference" and "vwap_delta3."
"smoothed_difference4" incorporates the previous results, adjusted by the value of the VWAP.
Visual Customization:
The user has the option to enable or disable the display on the chart.
The line is colored in a shade of green.
It provides a smoothed representation of the Imbalance Anchor VWAP.
The line is colored in a shade of blue, and the calculation involves the summation of moving averages (20, 50, 200). Afterward, there is division by 3. Additionally, there is the summation of moving averages (766, 866, 966), divided by 3. The final step is to add these results together and divide by 2. media name is Imbalance Value2
Show VWAP Equilibrium (Max Variation) Calculated as the difference between two VWAPs derived from the highest and lowest price changes
Show Equilibrium VWAP Calculated as the sum of VWAP and (sma200 - sma20)
calculate the difference between the media of 200 to 20
Show Equilibrium VWAP Calculated as the sum of VWAP and (766+866+966)/3 - (sma200 - sma20)
Show Equilibrium VWAP Standard Deviation Calculated as the Exponential Moving Average (EMA) of the Standard Deviation of SMA (sma200 + sma20 + sma8)/3
Show Equilibrium VWAP Delta Calculated as the ratio of the smoothed VWAP Delta Result componentes
Show Standard Deviation Equilibrium VWAP Delta: Calculated as the Standard Deviation between the Average of VWAP Delta Result Components and Their Smoothed Versions
This average attempts to calculate the equilibrium."
vwap_equilibrium:
Definition: Represents the Volume Weighted Average Price (VWAP) adjusted by the volume-weighted average of the price (hl2) multiplied by volume, focusing on periods of volume equilibrium.
Calculation: Utilizes the simple moving average weighted (sma) of the product of the volume-weighted average price and volume only when there is no volume imbalance.
Interpretation: This indicator provides a view of the volume-weighted price trend during moments when the market is in equilibrium, meaning there is no noticeable imbalance in volume conditions. The calculation of VWAP is adjusted to reflect market characteristics during periods of stability.
vwap_percent_condition:
Definition: Represents the Volume Weighted Average Price (VWAP) adjusted by the volume-weighted average of the price multiplied by volume, with a focus on conditions where the percentage volume variation surpasses a predefined threshold.
Calculation: Utilizes the simple moving average weighted of the product of the volume-weighted average price and volume only when the percentage volume variation exceeds a specific threshold.
Interpretation: Provides insight into the volume-weighted price trend during conditions where the percentage volume variation exceeds a predefined limit.
The objective of these two VWAPs is to calculate possible equilibrium points between buyers and sellers.
The indicator works for all timeframes This indicator can be adjusted according to the preferences and characteristics of the specific asset or market. It provides clear visual information and can be used as a complementary tool for technical analysis in trading strategies.
Interesting
Interesting
lookback period 7 , 12, 20,70,200, 500,766,866,966
imbalance threshold 2.4, 3.3 ,4.2
The objective of this indicator is to identify and highlight various points of imbalance and equilibrium.
Urika Relative PriceThe Urika Relative Price (URP) indicator is designed to compare the current price of an asset to an average of previous closing prices. It aims to show whether the current price is above or below the historical average and whether it's increasing or decreasing relative to that average. URP is more focused on the relationship between the current price and its historical context.
Calculation:
URP calculates the difference between the current price and the average of previous prices. It uses this difference to create a histogram that can be green (if the current price is higher than the historical average) or red (if it's lower). The color lightens if the current bar is shorter than the previous bar, providing additional visual information.
Total number strength by ticker volumeThis is about stocks, which I always analyze.
Figure this out by looking at what the code calls ta.secutity.
This indicator plots the highest value of the ratio of total volume to individual volume for the stock you are analyzing, and the histogram tumbles to red when the stock changes in that value. The changed value is plotted as a label above that histogram. By using this indicator, you can determine which is currently the focus of attention, and if there are outliers, you will know by the histogram's detachment.
The parameters are explained below, but Timefream is the market value to be determined
setvalue sets the item to be judged, and lenght sets the time period to be judged. setvalue is the parameter that determines the timeframe for the judgment. vol is the volume, VP is the total purchase price, VPMA is its average, VPMAD is the detachment from its average, MA is the average of the vol, MAD is the detachment from its average, LRC is the average of the vol, and LRC is the average of the vol. value of linear regression, and also
The calculation of detachment is not negative because it comes out as a square, but it is not a problem because it is calculated as a percentage.
There is a *problem, and if the timefreame to be displayed is not calculated below the value of timefreame, an error will occur. We are currently searching for a solution to this problem. If you know the solution, I would appreciate it if you could let me know in the chat.
Average Percentage ChangeThis indicator computes the average percentage change between Simple Moving Averages (SMAs) of high and low prices over a specified lookback length.
The 'length' input determines the period for calculating the SMAs.
The resulting line, represented by 'AVG', displays the percentage change, indicating potential shifts or trends in price momentum.
Traders can use this indicator to identify periods of potential volatility or significant price movements.
Note for Traders:
- Adjust the 'length' input for different analysis periods.
- Watch for crossovers or divergences between the AVG line and price action for potential trading signals.
- Combine with other indicators or analysis techniques for comprehensive market insights.
Originality and Usefulness:
This script provides a unique perspective by evaluating the average percentage change, derived from SMAs of high and low prices, offering traders insights into potential price momentum shifts.
Triple Moving Averages (Gradient, Alarm & Multi TF)Triple Moving Averages
Features:
- 7 Different MA's (RMA, SMA, EMA, 'WMA', HMA, DEMA, EMA)
- Gradient coloring
- Multi timeframe
- Crossover alarm's and alarm delay function
- Forecasting (By removing the last bar in the MA period)
Moving Average to easely identify the trend and trend strength.
Gradient coloring and personal color preferences can be made.
Alert Delay System
When timing is essentially, this helps you get the alarm just in time.
Use it with the triggers ONLY ONCE PER BAR or ONLY ONCE. Then the alarm comes before the close, but you don't have to worry about it triggering just seconds after bar open :)
Default = 15m Recomended for 1h chart
Alarm's
Get the alarms before it's actually crossing or when it crosses
*This is not a selfmade indicator but simply merging from several indicators and added alert delay function and multi timeframe support
// Credits
- BigBitsIO Script : Scripting Tutorial 6 Triple Many Moving Averages Forecasting
- PineCoders Script : Color Gradient Framework PineCoders
Advanced Dynamic Threshold RSI [Elysian_Mind]Advanced Dynamic Threshold RSI Indicator
Overview
The Advanced Dynamic Threshold RSI Indicator is a powerful tool designed for traders seeking a unique approach to RSI-based signals. This indicator combines traditional RSI analysis with dynamic threshold calculation and optional Bollinger Bands to generate weighted buy and sell signals.
Features
Dynamic Thresholds: The indicator calculates dynamic thresholds based on market volatility, providing more adaptive signal generation.
Performance Analysis: Users can evaluate recent price performance to further refine signals. The script calculates the percentage change over a specified lookback period.
Bollinger Bands Integration: Optional integration of Bollinger Bands for additional confirmation and visualization of potential overbought or oversold conditions.
Customizable Settings: Traders can easily customize key parameters, including RSI length, SMA length, lookback bars, threshold multiplier, and Bollinger Bands parameters.
Weighted Signals: The script introduces a unique weighting mechanism for signals, reducing false positives and improving overall reliability.
Underlying Calculations and Methods
1. Dynamic Threshold Calculation:
The heart of the Advanced Dynamic Threshold RSI Indicator lies in its ability to dynamically calculate thresholds based on multiple timeframes. Let's delve into the technical details:
RSI Calculation:
For each specified timeframe (1-hour, 4-hour, 1-day, 1-week), the Relative Strength Index (RSI) is calculated using the standard 14-period formula.
SMA of RSI:
The Simple Moving Average (SMA) is applied to each RSI, resulting in the smoothing of RSI values. This smoothed RSI becomes the basis for dynamic threshold calculations.
Dynamic Adjustment:
The dynamically adjusted threshold for each timeframe is computed by adding a constant value (5 in this case) to the respective SMA of RSI. This dynamic adjustment ensures that the threshold reflects changing market conditions.
2. Weighted Signal System:
To enhance the precision of buy and sell signals, the script introduces a weighted signal system. Here's how it works technically:
Signal Weighting:
The script assigns weights to buy and sell signals based on the crossover and crossunder events between RSI and the dynamically adjusted thresholds. If a crossover event occurs, the weight is set to 2; otherwise, it remains at 1.
Signal Combination:
The weighted buy and sell signals from different timeframes are combined using logical operations. A buy signal is generated if the product of weights from all timeframes is equal to 2, indicating alignment across timeframe.
3. Experimental Enhancements:
The Advanced Dynamic Threshold RSI Indicator incorporates experimental features for educational exploration. While not intended as proven strategies, these features aim to offer users a glimpse into unconventional analysis. Some of these features include Performance Calculation, Volatility Calculation, Dynamic Threshold Calculation Using Volatility, Bollinger Bands Module, Weighted Signal System Incorporating New Features.
3.1 Performance Calculation:
The script calculates the percentage change in the price over a specified lookback period (variable lookbackBars). This provides a measure of recent performance.
pctChange(src, length) =>
change = src - src
pctChange = (change / src ) * 100
recentPerformance1H = pctChange(close, lookbackBars)
recentPerformance4H = pctChange(request.security(syminfo.tickerid, "240", close), lookbackBars)
recentPerformance1D = pctChange(request.security(syminfo.tickerid, "1D", close), lookbackBars)
3.2 Volatility Calculation:
The script computes the standard deviation of the closing price to measure volatility.
volatility1H = ta.stdev(close, 20)
volatility4H = ta.stdev(request.security(syminfo.tickerid, "240", close), 20)
volatility1D = ta.stdev(request.security(syminfo.tickerid, "1D", close), 20)
3.3 Dynamic Threshold Calculation Using Volatility:
The dynamic thresholds for RSI are calculated by adding a multiplier of volatility to 50.
dynamicThreshold1H = 50 + thresholdMultiplier * volatility1H
dynamicThreshold4H = 50 + thresholdMultiplier * volatility4H
dynamicThreshold1D = 50 + thresholdMultiplier * volatility1D
3.4 Bollinger Bands Module:
An additional module for Bollinger Bands is introduced, providing an option to enable or disable it.
// Additional Module: Bollinger Bands
bbLength = input(20, title="Bollinger Bands Length")
bbMultiplier = input(2.0, title="Bollinger Bands Multiplier")
upperBand = ta.sma(close, bbLength) + bbMultiplier * ta.stdev(close, bbLength)
lowerBand = ta.sma(close, bbLength) - bbMultiplier * ta.stdev(close, bbLength)
3.5 Weighted Signal System Incorporating New Features:
Buy and sell signals are generated based on the dynamic threshold, recent performance, and Bollinger Bands.
weightedBuySignal = rsi1H > dynamicThreshold1H and rsi4H > dynamicThreshold4H and rsi1D > dynamicThreshold1D and crossOver1H
weightedSellSignal = rsi1H < dynamicThreshold1H and rsi4H < dynamicThreshold4H and rsi1D < dynamicThreshold1D and crossUnder1H
These features collectively aim to provide users with a more comprehensive view of market dynamics by incorporating recent performance and volatility considerations into the RSI analysis. Users can experiment with these features to explore their impact on signal accuracy and overall indicator performance.
Indicator Placement for Enhanced Visibility
Overview
The design choice to position the "Advanced Dynamic Threshold RSI" indicator both on the main chart and beneath it has been carefully considered to address specific challenges related to visibility and scaling, providing users with an improved analytical experience.
Challenges Faced
1. Differing Scaling of RSI Results:
RSI values for different timeframes (1-hour, 4-hour, and 1-day) often exhibit different scales, especially in markets like gold.
Attempting to display these RSIs on the same chart can lead to visibility issues, as the scaling differences may cause certain RSI lines to appear compressed or nearly invisible.
2. Candlestick Visibility vs. RSI Scaling:
Balancing the visibility of candlestick patterns with that of RSI values posed a unique challenge.
A single pane for both candlesticks and RSIs may compromise the clarity of either, particularly when dealing with assets that exhibit distinct volatility patterns.
Design Solution
Placing the buy/sell signals above/below the candles helps to maintain a clear association between the signals and price movements.
By allocating RSIs beneath the main chart, users can better distinguish and analyze the RSI values without interference from candlestick scaling.
Doubling the scaling of the 1-hour RSI (displayed in blue) addresses visibility concerns and ensures that it remains discernible even when compared to the other two RSIs: 4-hour RSI (orange) and 1-day RSI (green).
Bollinger Bands Module is optional, but is turned on as default. When the module is turned on, the users can see the upper Bollinger Band (green) and lower Bollinger Band (red) on the main chart to gain more insight into price actions of the candles.
User Flexibility
This dual-placement approach offers users the flexibility to choose their preferred visualization:
The main chart provides a comprehensive view of buy/sell signals in relation to candlestick patterns.
The area beneath the chart accommodates a detailed examination of RSI values, each in its own timeframe, without compromising visibility.
The chosen design optimizes visibility and usability, addressing the unique challenges posed by differing RSI scales and ensuring users can make informed decisions based on both price action and RSI dynamics.
Usage
Installation
To ensure you receive updates and enhancements seamlessly, follow these steps:
Open the TradingView platform.
Navigate to the "Indicators" tab in the top menu.
Click on "Community Scripts" and search for "Advanced Dynamic Threshold RSI Indicator."
Select the indicator from the search results and click on it to add to your chart.
This ensures that any future updates to the indicator can be easily applied, keeping you up-to-date with the latest features and improvements.
Review Code
Open TradingView and navigate to the Pine Editor.
Copy the provided script.
Paste the script into the Pine Editor.
Click "Add to Chart."
Configuration
The indicator offers several customizable settings:
RSI Length: Defines the length of the RSI calculation.
SMA Length: Sets the length of the SMA applied to the RSI.
Lookback Bars: Determines the number of bars used for recent performance analysis.
Threshold Multiplier: Adjusts the multiplier for dynamic threshold calculation.
Enable Bollinger Bands: Allows users to enable or disable Bollinger Bands integration.
Interpreting Signals
Buy Signal: Generated when RSI values are above dynamic thresholds and a crossover occurs.
Sell Signal: Generated when RSI values are below dynamic thresholds and a crossunder occurs.
Additional Information
The indicator plots scaled RSI lines for 1-hour, 4-hour, and 1-day timeframes.
Users can experiment with additional modules, such as machine-learning simulation, dynamic real-life improvements, or experimental signal filtering, depending on personal preferences.
Conclusion
The Advanced Dynamic Threshold RSI Indicator provides traders with a sophisticated tool for RSI-based analysis, offering a unique combination of dynamic thresholds, performance analysis, and optional Bollinger Bands integration. Traders can customize settings and experiment with additional modules to tailor the indicator to their trading strategy.
Disclaimer: Use of the Advanced Dynamic Threshold RSI Indicator
The Advanced Dynamic Threshold RSI Indicator is provided for educational and experimental purposes only. The indicator is not intended to be used as financial or investment advice. Trading and investing in financial markets involve risk, and past performance is not indicative of future results.
The creator of this indicator is not a financial advisor, and the use of this indicator does not guarantee profitability or specific trading outcomes. Users are encouraged to conduct their own research and analysis and, if necessary, consult with a qualified financial professional before making any investment decisions.
It is important to recognize that all trading involves risk, and users should only trade with capital that they can afford to lose. The Advanced Dynamic Threshold RSI Indicator is an experimental tool that may not be suitable for all individuals, and its effectiveness may vary under different market conditions.
By using this indicator, you acknowledge that you are doing so at your own risk and discretion. The creator of this indicator shall not be held responsible for any financial losses or damages incurred as a result of using the indicator.
Kind regards,
Ely
ATR Based Stoploss - TakeProfit [CharmyDexter]
This script combines the power of Average True Range (ATR) and a Moving Average (MA) to dynamically set stop-loss and take-profit levels. It introduces a volatility surge condition and includes a risk management table for comprehensive trade insights.
1) **Originality:**
- This script is original in its approach to combining Average True Range (ATR) with a Moving Average (MA) to create a dynamic stop-loss and take-profit strategy. The addition of a volatility surge condition and the inclusion of a risk management table further contribute to its uniqueness.
2) **Functionality:**
- The script aims to provide traders with a dynamic stop-loss and take-profit strategy based on ATR, incorporating a volatility surge condition and a moving average. The risk management table displays crucial information, including the fund size, potential profit/loss, ATR values, and risk.
3) **Operation:**
- The script uses ATR to calculate volatility, identifying surges in volatility. It adjusts the stop-loss and take-profit levels based on the average of ATR during these surge periods. The moving average acts as a trend indicator, and the script dynamically adjusts stop-loss and take-profit levels accordingly.
4) **Usage:**
- Traders can use this script by applying it to their preferred financial instrument's chart. The script automatically plots the moving average and dynamically adjusts stop-loss and take-profit levels based on ATR and volatility surges. Users can observe the levels on the chart for potential trade management.
5) **Concepts:**
- The script employs concepts of ATR for volatility, moving average for trend identification, and a dynamic adjustment mechanism during volatility surges. Risk management is incorporated by calculating potential profit/loss percentages based on user-defined risk.
6) **Mashup Explanation:**
- The script combines ATR, moving average, and volatility conditions to create a comprehensive strategy. ATR determines the market's volatility, the moving average serves as a trend indicator, and volatility surges trigger dynamic adjustments to stop-loss and take-profit levels. The risk management table enhances the script's utility.
7) **Line Descriptions:**
- Blue Line (Moving Average): Indicates the trend direction.
- Lime Line (Long Take Profit): Represents the level for taking profit in a long position.
- Maroon Line (Short Take Profit): Represents the level for taking profit in a short position.
- Fuchsia Line (Short Stop Loss): Represents the level for setting a stop loss in a short position.
- Orange Line (Long Stop Loss): Represents the level for setting a stop loss in a long position.
8) **Line Usage:**
- Use the blue line for trend identification.
- When taking long positions, the close should be above the blue line.
- For long positions, the lime line is a potential take-profit level, and the orange line is a potential stop-loss level.
- For short positions, the maroon line is a potential take-profit level, and the fuchsia line is a potential stop-loss level.
- The risk management table provides insights into fund size, potential profit/loss, ATR values, and risk.
Note: The profit/loss calculations in this script may not be entirely accurate due to factors like market execution. Market execution may not always occur at the exact levels specified by the script due to slippage or delays in order processing. This can impact the realized profit or loss compared to the calculated levels.
It is crucial to note that this ATR Based Stop-loss - Take-Profit indicator is merely one tool among many that traders can employ to establish trading targets. Additional technical indicators are essential for taking trades and making informed decisions.
Commented-out sections for alerts and shape plotting are provided, allowing for visual and auditory notifications if desired.
It's crucial for traders to be aware of these factors and use the script as a tool within a broader trading strategy. Additionally, regular monitoring and adjustments based on real-time market conditions are recommended to enhance the accuracy of profit/loss assessments.
ayogetit Trades™ Dynamic 5DMAThe Dynamic 5-Day Moving Average (MA) indicator is designed to provide traders with a consistent, time-adjusted moving average line across various timeframes. This indicator is especially useful for traders who switch between multiple timeframes and want a moving average that represents a fixed 5-day period, ensuring that the MA reflects a consistent lookback period relative to the amount of trading time each candle represents.
Features:
Timeframe Adaptability: Automatically adjusts the MA period to correspond to a 5-day lookback, regardless of the selected timeframe.
Intraday Precision: For intraday charts (5m, 15m, 30m, 1h, 2h, 4h), the indicator calculates the number of periods within the 5-day span based on the chart's timeframe.
Daily and Weekly Timeframe Compatibility: Sets the period to 5 for daily charts to maintain the 5-day MA, and to 1 for weekly charts, where each candlestick represents a week's worth of trading days.
Calculation Logic:
The indicator begins by defining the total number of trading minutes in 5 days, based on a standard 6.5-hour trading day.
A dynamic period calculation function then determines the number of those intervals that fit into the 5-day minute total for the selected timeframe.
For daily charts, the period is a straightforward 5, while for weekly charts, the period is set to 1, reflecting the average of the past 5 trading days.
Choose Symbol, Mode with HullThis Pine Script code is designed to create a customizable indicator on the TradingView platform. Below is an introduction to its features and purpose:
Introduction:
This script serves as a versatile indicator on TradingView, allowing users to choose between different modes (Heikin-Ashi, Linear, and Normal) and apply a Hull Moving Average (Hull) for trend analysis. The primary features include mode selection, the choice of using different calculation methods, and the option to incorporate the Hull Moving Average for enhanced trend visibility.
Key Features:
Mode Selection:
Users can choose between "Heikin-Ashi," "Linear," or "Normal" modes, influencing how the open, high, low, and close prices are calculated.
Hull Moving Average:
The script incorporates the Hull Moving Average (Hull) to provide a smoothed trend line for better trend identification.
Calculation Methods:
Users can select different calculation methods for the open, high, low, and close prices, including Simple Moving Average (SMA), Exponential Moving Average (EMA), Smoothed Moving Average (SMMA or RMA), Weighted Moving Average (WMA), and Volume Weighted Moving Average (VWMA).
Customizable Lengths:
Length parameters are customizable, allowing users to adjust the period lengths for the Hull Moving Average and other calculation methods.
Buy and Sell Signals:
Buy and sell signals are generated based on crossovers and crossunders between the Hull Moving Average and the price. These signals are visually displayed on the chart with corresponding labels.
Color-Coding:
The script utilizes color-coding to distinguish between bullish (lime) and bearish (red) trends, making it easier for users to identify potential changes in market direction.
Customizable Symbol and Resolution:
Users have the option to choose a specific trading symbol and resolution for analysis.
Important Note:
This script is provided for educational purposes and does not constitute financial advice. Traders and investors should conduct thorough research and analysis before making any trading decisions. Additionally, customization options should be explored to align the script with individual trading preferences.
SMA Cross with a Price FilterA moving average strategy generates an entry (buy) signal when the price goes above the moving average, and an exit (sell) signal when the price goes below the moving average. But it gives lots of whipsaws and noise depends on the moving average we use. A fast moving average gives more whipsaws and a slow moving average gives less whipsaws. To reduce the noise/whipsaws, we can add a filter on a fast/slow moving average. It will improve entry/exit performance significantly specially for those who don't want to watch the market actively.
I created this indicator with a price filter. This means the price of an underlying asset must be at least a specific percentage above its moving average to generate a buy signal and a specific percentage below its moving average to generate a sell signal. This price filter can also be a confirmation after the price crosses above/below its SMA. I couldn't find any indicator yet based on this idea. So I wrote this indicator and publishing it so it helps those who are interested.
I use 200 SMA and 3% price filter as default and using SPY as an example. So,
ENTRY signal when the closing price of SPY is 3% above its 200 SMA.
EXIT signal when the closing price of SPY is 3% below its 200 SMA.
Enjoy and let me know if it works.
** This chart only generates entry (buy) and exit (sell) signals. Please, do your own diligence to make any investment or trading decisions.
Multi-Timeframe EMA Tracker by Ox_kaliThis script is an advanced trend analysis indicator crafted for traders who seek a detailed and customizable view of market trends across multiple timeframes. This tool utilizes exponential moving averages (EMAs) to offer insights into market direction and momentum.
Key Features:
Multi-Timeframe Analysis: MTEMA-Tracker covers a wide range of timeframes, including 1, 2, 3, 5, 10, 15, 30 minutes; 1, 2, 4, 6, 12 hours; 1 day; and 1 week. This allows traders to analyze market trends from various perspectives, from short-term fluctuations to longer-term movements.
EMA-Based Trend Determination: The indicator employs two EMAs (50 and 200 periods) for each timeframe to ascertain the market trend. A higher EMA50 compared to EMA200 indicates an uptrend, while the opposite scenario suggests a downtrend.
User-Defined Trend Colors: Traders can personalize the appearance of the trend lines with custom colors for upward and downward trends, enhancing visual clarity and quick interpretation.
Selectable Timeframe Display: MTEMA-Tracker by Ox_kali offers the flexibility to choose which timeframes to display, enabling traders to focus on the most relevant data for their trading strategy.
Average Trend Calculation: A unique feature of MTEMA-Tracker is its ability to compute the average trend across all selected timeframes, providing a holistic view of the market's general direction.
List of Parameters:
Color of the trend: Customizable color settings for both upward and downward trends.
Settings for the Lengths of the EMAs: Options to set the lengths of the short and long-term EMAs.
Display Options for Each Timeframe's EMA Trend: Ability to activate or deactivate the display of EMAs for each selected timeframe.
Indicators and Financial Name Label settings: To ensure maximum clarity and understanding of the displayed trends, users should not hesitate to use the function to display "indicators and financial name labels" in their settings. This feature will help in identifying the legends for each trend, making it easier to interpret the market direction for the selected timeframes.
Please note that the MTEMA-Tracker is not a guarantee of future market performance and should be used in conjunction with proper risk management. Always ensure that you have a thorough understanding of the indicator’s methodology and its limitations before making any investment decisions. Additionally, past performance is not indicative of future results.
Mtl Weekly This Pine Script indicator for TradingView calculates and plots a line on the weekly chart, representing the average of the weekly high and low prices. The script uses conditional statements to determine and update the weekly high and low values. The calculated average is then plotted as a line on the chart in blue color. This indicator helps visualize the central point between weekly highs and lows, providing insights into potential trend directions.
WHALE SIGNAL 4H
WHALE SIGNAL 4H BASED ON VOLUME CHANGE AND MOVING AVERAGE
This script aims to highlight potential whale signals on the 4-hour timeframe by analyzing volume changes, and it provides options for customization through input parameters. Whale signals are then displayed on the chart with different colors for the last hit and the previous hits. The Detector parameter adds flexibility to consider neighboring bars in the detection process, Let's break down the key components:
1/The script defines input parameters that users can customize:
-VCH (Volume Change on 4H candle) with a default value of 3, 3 times the MA Value.
-Length_240 (Moving Average length for the last 21 bars on the 4-hour timeframe).
-Detector (a boolean parameter to enable or disable whale detection in the previous or next bar).
2/Logic Section:
The script defines a function bar(hit) to convert the bar index based on the timeframe.
It calculates the Volume Change (whale signal) by comparing the current volume with a threshold (VCH * vma).
The Detector parameter allows for flexibility in detecting whale signals in neighboring bars.
3/ Plotting Section:
The script defines a function is_whale() to check if there is a whale signal and if it occurred in the last three bars.
It uses the plot function to display whale signals on the chart with different colors and offsets.
Optimal Length BackTester [YinYangAlgorithms]This Indicator allows for a ‘Optimal Length’ to be inputted within the Settings as a Source. Unlike most Indicators and/or Strategies that rely on either Static Lengths or Internal calculations for the length, this Indicator relies on the Length being derived from an external Indicator in the form of a Source Input.
This may not sound like much, but this application may allows limitless implementations of such an idea. By allowing the input of a Length within a Source Setting you may have an ‘Optimal Length’ that adjusts automatically without the need for manual intervention. This may allow for Traditional and Non-Traditional Indicators and/or Strategies to allow modifications within their settings as well to accommodate the idea of this ‘Optimal Length’ model to create an Indicator and/or Strategy that adjusts its length based on the top performing Length within the current Market Conditions.
This specific Indicator aims to allow backtesting with an ‘Optimal Length’ inputted as a ‘Source’ within the Settings.
This ‘Optimal Length’ may be used to display and potentially optimize multiple different Traditional Indicators within this BackTester. The following Traditional Indicators are included and available to be backtested with an ‘Optimal Length’ inputted as a Source in the Settings:
Moving Average; expressed as either a: Simple Moving Average, Exponential Moving Average or Volume Weighted Moving Average
Bollinger Bands; expressed based on the Moving Average Type
Donchian Channels; expressed based on the Moving Average Type
Envelopes; expressed based on the Moving Average Type
Envelopes Adjusted; expressed based on the Moving Average Type
All of these Traditional Indicators likewise may be displayed with multiple ‘Optimal Lengths’. They have the ability for multiple different ‘Optimal Lengths’ to be inputted and displayed, such as:
Fast Optimal Length
Slow Optimal Length
Neutral Optimal Length
By allowing for the input of multiple different ‘Optimal Lengths’ we may express the ‘Optimal Movement’ of such an expressed Indicator based on different Time Frames and potentially also movement based on Fast, Slow and Neutral (Inclusive) Lengths.
This in general is a simple Indicator that simply allows for the input of multiple different varieties of ‘Optimal Lengths’ to be displayed in different ways using Tradition Indicators. However, the idea and model of accepting a Length as a Source is unique and may be adopted in many different forms and endless ideas.
Tutorial:
You may add an ‘Optimal Length’ within the Settings as a ‘Source’ as followed in the example above. This Indicator allows for the input of a:
Neutral ‘Optimal Length’
Fast ‘Optimal Length’
Slow ‘Optimal Length’
It is important to account for all three as they generally encompass different min/max length values and therefore result in varying ‘Optimal Length’s’.
For instance, say you’re calculating the ‘Optimal Length’ and you use:
Min: 1
Max: 400
This would therefore be scanning for 400 (inclusive) lengths.
As a general way of calculating you may assume the following for which lengths are being used within an ‘Optimal Length’ calculation:
Fast: 1 - 199
Slow: 200 - 400
Neutral: 1 - 400
This allows for the calculation of a Fast and Slow length within the predetermined lengths allotted. However, it likewise allows for a Neutral length which is inclusive to all lengths alloted and may be deemed the ‘Most Accurate’ for these reasons. However, just because the Neutral is inclusive to all lengths, doesn’t mean the Fast and Slow lengths are irrelevant. The Fast and Slow length inputs may be useful for seeing how specifically zoned lengths may fair, and likewise when they cross over and/or under the Neutral ‘Optimal Length’.
This Indicator features the ability to display multiple different types of Traditional Indicators within the ‘Display Type’.
We will go over all of the different ‘Display Types’ with examples on how using a Fast, Slow and Neutral length would impact it:
Simple Moving Average:
In this example above have the Fast, Slow and Neutral Optimal Length formatted as a Slow Moving Average. The first example is on the 15 minute Time Frame and the second is on the 1 Day Time Frame, demonstrating how the length changes based on the Time Frame and the effects it may have.
Here we can see that by inputting ‘Optimal Lengths’ as a Simple Moving Average we may see moving averages that change over time with their ‘Optimal Lengths’. These lengths may help identify Support and/or Resistance locations. By using an 'Optimal Length' rather than a static length, we may create a Moving Average which may be more accurate as it attempts to be adaptive to current Market Conditions.
Bollinger Bands:
Bollinger Bands are a way to see a Simple Moving Average (SMA) that then uses Standard Deviation to identify how much deviation has occurred. This Deviation is then Added and Subtracted from the SMA to create the Bollinger Bands which help Identify possible movement zones that are ‘within range’. This may mean that the price may face Support / Resistance when it reaches the Outer / Inner bounds of the Bollinger Bands. Likewise, it may mean the Price is ‘Overbought’ when outside and above or ‘Underbought’ when outside and below the Bollinger Bands.
By applying All 3 different types of Optimal Lengths towards a Traditional Bollinger Band calculation we may hope to see different ranges of Bollinger Bands and how different lookback lengths may imply possible movement ranges on both a Short Term, Long Term and Neutral perspective. By seeing these possible ranges you may have the ability to identify more levels of Support and Resistance over different lengths and Trading Styles.
Donchian Channels:
Above you’ll see two examples of Machine Learning: Optimal Length applied to Donchian Channels. These are displayed with both the 15 Minute Time Frame and the 1 Day Time Frame.
Donchian Channels are a way of seeing potential Support and Resistance within a given lookback length. They are a way of withholding the High’s and Low’s of a specific lookback length and looking for deviation within this length. By applying a Fast, Slow and Neutral Machine Learning: Optimal Length to these Donchian Channels way may hope to achieve a viable range of High’s and Low’s that one may use to Identify Support and Resistance locations for different ranges of Optimal Lengths and likewise potentially different Trading Strategies.
Envelopes / Envelopes Adjusted:
Envelopes are an interesting one in the sense that they both may be perceived as useful; however we deem that with the use of an ‘Optimal Length’ that the ‘Envelopes Adjusted’ may work best. We will start with examples of the Traditional Envelope then showcase the Adjusted version.
Envelopes:
As you may see, a Traditional form of Envelopes even produced with a Machine Learning: Optimal Length may not produce optimal results. Unfortunately this may occur with some Traditional Indicators and they may need some adjustments as you’ll notice with the ‘Envelopes Adjusted’ version. However, even without the adjustments, these Envelopes may be useful for seeing ‘Overbought’ and ‘Oversold’ locations within a Machine Learning: Optimal Length standpoint.
Envelopes Adjusted:
By adding an adjustment to these Envelopes, we may hope to better reflect our Optimal Length within it. This is caused by adding a ratio reflection towards the current length of the Optimal Length and the max Length used. This allows for the Fast and Neutral (and potentially Slow if Neutral is greater) to achieve a potentially more accurate result.
Envelopes, much like Bollinger Bands are a way of seeing potential movement zones along with potential Support and Resistance. However, unlike Bollinger Bands which are based on Standard Deviation, Envelopes are based on percentages +/- from the Simple Moving Average.
We will conclude our Tutorial here. Hopefully this has given you some insight into how useful adding a ‘Optimal Length’ within an external (secondary) Indicator as a Source within the Settings may be. Likewise, how useful it may be for automation sake in the sense that when the ‘Optimal Length’ changes, it doesn’t rely on an alert where you need to manually update it yourself; instead it will update Automatically and you may reap the benefits of such with little manual input needed (aside from the initial setup).
If you have any questions, comments, ideas or concerns please don't hesitate to contact us.
HAPPY TRADING!
[KVA] Extremes ProfilerExtremes Profiler is a specialized indicator crafted for traders focusing on the relationship between price extremes and moving averages. This tool offers a comprehensive perspective on price dynamics by quantifying and visualizing significant distances of current prices from various moving averages. It effectively highlights the top extremes in market movements, providing key insights into price extremities relative to these averages. The indicator's ability to analyze and display these distances makes it a valuable tool for understanding market trends and potential turning points. Traders can leverage the Extremes Profiler to gain a deeper understanding of how prices behave in relation to commonly watched moving averages, thus aiding in making informed trading decisions
Key Features :
Extensive MA Analysis : Tracks the price distance from multiple moving averages including EMA, SMA, WMA, RMA, and HMA.
Top 50 (100) Distance Metrics : Highlights the 50 (100)greatest (highest or lowest) distances from each selected MA, pinpointing significant market deviations.
Customizable Periods : Offers flexibility with adjustable periods to align with diverse trading strategies.
Comprehensive View : Switch between timeframes for a well-rounded understanding of short-term fluctuations and long-term market trends.
Cross-Asset Comparison : Utilize the indicator to compare different assets, gaining insights into the relative dynamics and volatility of various markets. By analyzing multiple assets, traders can discern broader market trends and better understand asset-specific behaviors.
Customizable Display : Users can adjust the periods and number of results to suit their analytical needs.
Rainbow Fibonacci Momentum - SuperTrend🌈 "Rainbow Fibonacci Momentum - SuperTrend" Indicator 🌈
IMPORTANT: as this is a complex and elaborate TREND ANALYSIS on the graph, ALL INDICATORS REPAINT.
Experience the brilliance of "Rainbow Fibonacci Momentum - SuperTrend" for your technical analysis on TradingView! This versatile indicator allows you to visualize various types of Moving Averages, including Simple Moving Averages (SMA), Exponential Moving Averages (EMA), Weighted Moving Averages (WMA), Hull Moving Averages (HMA), and Volume Weighted Moving Averages (VWMA).
Each MA displayed in a unique color to create a stunning rainbow effect. This makes it easier for you to identify trends and potential trading opportunities.
Key Features:
📊 Multiple Moving Average Types - Choose from a range of moving average types to suit your analysis.
🎨 Stunning Color Gradient - Each moving average type is displayed in a unique color, creating a beautiful rainbow effect.
📉 Overlay Compatible - Use it as an overlay on your price chart for clear trend insights.
With the "Rainbow Fibonacci Momentum - SuperTrend" indicator, you'll add a burst of color to your trading routine and gain a deeper understanding of market trends.
HOW IT WORKS
MA Lines:
MA - 5: purple lines
MA - 8: blue lines
MA - 13: green lines
MA - 21: yellow lines
MA - 34: orange lines
MA - 55: red line
Header Color Indicators:
Purple: MA-5 is in uptrend on the chart
Blue: MA-5 and MA-8 are in the uptrend on the chart
Green: MA-5, MA-8 and MA-13 are in the uptrend on the chart
Yellow: MA-5, MA-8, MA-13 and MA-21 are in the uptrend on the chart
Orange: MA-5, MA-8, MA-13, MA-21 and MA-34 are in the uptrend on the chart
Red: MA-5, MA-8, MA-13, MA-21, MA-34 and MA-55 are in the uptrend on the chart
Red + White Arrow: All MAs are correctly aligned in the uptrend on the chart
Footer Color Indicators:
Purple: MA-5 is in downtrend on the chart
Blue: MA-5 and MA-8 are in the downtrend on the chart
Green: MA-5, MA-8 and MA-13 are in the downtrend on the chart
Yellow: MA-5, MA-8, MA-13 and MA-21 are in the downtrend on the chart
Orange: MA-5, MA-8, MA-13, MA-21 and MA-34 are in the downtrend on the chart
Red: MA-5, MA-8, MA-13, MA-21, MA-34 and MA-55 are in the downtrend on the chart
Red + White Arrow: All MAs are correctly aligned in the downtrend on the chart
Background Colors:
Light Red: All MAs are on the rise!
Red: All MAs are align correctly on the rise!
Light Green: All MAs are in freefall!
Green: All MAs are align correctly in freefall!
Tiny Arrows Indicators/Alerts:
Down Arrow: All MAs are in freefall!
Up Arrow: All MAs are on the rise!
Big Arrows Indicators/Alerts:
Down Arrow: All MAs are align correctly in freefall!
Up Arrow: All MAs are align correctly on the rise!
RS for VPAThis is a supporting Indicator for the Volume Price Analysis Script VPA 5.0.
Purpose
To indicate the performance of the stock compared to an Index or any other selected stock. It also provides an idea about the strength of the Reference Index as well.
Description
The indicator is an unbound oscillator moving around a zero line. If the stock is strong then the values are positive and if it is weak the values are negative. If the stock is performing better (Stronger) than the Index the indicator is positive and colored green. If the stock is weaker than the Index it is negative and is colored Red.
The background indicates the strength of the Reference Index/Stock. Bullishness/up trend of the Index/Stock is indicated by yellow colour. Short term uptrend, Mid term uptrend and Long term trends are indicated by different shades of yellow varying from light to Dark. The bearishness / down trend is indicated by blue back ground.
How it Works
The relative strength is calculated by using the formula
RS = Gain of the stock / (Gain of the Ref. Index -1)
= (Stock Price today / Stock Price (N period ago)) /
(Index Price today / Index price (N period ago)) – 1
The Index strength is calculated as below
Short term trend up = 5 ema > 22 ema
Mid Term trend up = 22 ema > 60 ema
Long term trend up = 60 ema > 130 ema
Trend down = 5 ema < 22 ema
How to use
Use this indicator to assist your Price Action Analysis using VPA 5.0. When the Price action and volume indicates Bullishness, you can check if the relative strength is also supporting (Positive and in green Territory). This adds credibility to the Price action. Also check if the index is also positive (the Back ground is yellow). This makes the Price action even stronger. Ideally both the stock and index should be strong. Many time you would find the that the stock is in green territory but the index is in blue territory. This calls for some caution in evaluating the Price Action.
When the price action is positive but the relative strength is negative then one should be cautious and wait for the relative strength to turn positive before any entry decision.
Option for the Indicator
One can select the following from the setting for the indicator
1. Index or reference stock – Default is CNX 500
2. Relative Strength Calculation period – Default is 22
3. The EMA periods for the Index/Reference stock strength calculation
TTP Big Whale ExplorerThe Big Whale Explorer is an indicator that looks into the ratio of large wallets deposits vs withdrawals.
Whales tend to sale their holding when they transfer their holdings into exchanges and they tend to hold when they withdraw.
In this overlay indicator you'll be able to see in an oscillator format the moves of large wallets.
The moves above 1.5 turn into red symbolising that they are starting to distribute. This can eventually have an impact in the price by causing anything from a mild pullback to a considerable crash depending on how much is being actually sold into the market.
Moves below 0.5 mean that the large whales are heavily accumulating and withdrawing. During these periods price could still pullback or even crash but eventually the accumulation can take prices to new highs.
Instructions:
1) Load INDEX:BTCUSD or BNC:BLX to get the most historic data as possible
2) use the daily timeframe
3) load the indicator into the chart
Multiple Moving Averages with OffsetUser Description:
This indicator is designed to provide insights into market trends based on multiple moving averages with customizable offsets. It combines short-term and long-term moving averages to offer a comprehensive view of price movements. The user can adjust various parameters to tailor the indicator to their preferred settings.
How the Strategy Works:
Short-Term Fast Moving Average:
Length: 47 (Adjustable by the user)
Offset: Adjustable (User-defined)
Color: Green
Line Thickness: 2 (Thicker green line for better visibility)
Long-Term Fast Moving Average:
Length: 203 (Adjustable by the user)
Offset: Adjustable (User-defined)
Color: Red
Line Thickness: 2 (Thicker red line for better visibility)
Long-Term Slow Moving Average:
Length: 100 (Adjustable by the user)
Offset: 77 (Adjustable by the user)
Color: Custom Red (RGB: 161, 5, 5)
Line Thickness: 2 (Thicker red line for better visibility)
Interpretation:
When the Short-Term Fast Moving Average (green line) is above the Long-Term Fast Moving Average (red line), it may signal a potential uptrend.
Conversely, when the Short-Term Fast Moving Average is below the Long-Term Fast Moving Average, it may indicate a potential downtrend.
The Long-Term Slow Moving Average provides additional context, allowing users to assess the strength and stability of trends.
Customization:
Users can experiment with different lengths and offsets to fine-tune the indicator based on their trading preferences and market conditions.
TIPS:
- When price action reaches upper RED moving average is probable that the price action is close to a pull back or change of direction.
- When price action falls and closes below the bottom RED moving average it can be a possible change of direction to the downside.
- You can use the green moving average as a filter and confluence to identify if the price action is moving towards the upside or downside.
Note: This indicator is for informational purposes only and should be used in conjunction with other analysis tools for comprehensive decision-making.
[KVA]nRSIThe nRSI stands as a groundbreaking enhancement of the traditional Relative Strength Index (RSI), specifically engineered for traders seeking a more refined and accurate tool in fast-moving markets.
Customizable Price Change Period (n): Unlike the traditional RSI which solely relies on a fixed period for average gains and losses, the nRSI introduces an additional parameter, n, to calculate price changes.
This adaptation focuses on minimizing market noise, sharpening the indicator's sensitivity to genuine trends and patterns.
Enhanced Signal Precision : By reducing the influence of short-term price spikes and fluctuations, the nRSI delivers a more precise signal. This precision is particularly crucial in volatile market conditions, where traditional indicators may be swayed by transient movements.
Ideal Usage
Strategic Trading Decisions : Ideal for traders who need to filter out insignificant price movements to make more strategic, informed trading decisions.
Reliable Divergence Spotting : Enhanced noise reduction aids in identifying more reliable divergences, key for predicting potential market reversals.
Trend Confirmation : The smoothed RSI, assisted by the moving average, becomes an invaluable tool for confirming the validity of market trends, minimizing false signals.
