QFL Screener [ ZCrypto ]The QFL Screener is a robust tool inspired by Quickfingersluc's trading strategy.
Known as the Base Strategy or Mean Reversals, QFL focuses on identifying moments of panic selling and buying , presenting opportunities to enter trades at deeply discounted prices.
The QFL Screener is designed to enhance your trading efficiency by simultaneously scanning 40 symbols.
You have the flexibility to enable or disable specific symbols from the screening process, allowing you to tailor the screener to your preferred markets and instruments.
The Screener has a built-in alerts system . As soon as the QFL conditions align for any of the scanned symbols, you'll receive instant notifications, empowering you to take prompt action and seize potential trading opportunities.
In addition, I've incorporated a visual element to complement the alerts. Once the conditions are true, a green arrow shape will appear directly on the chart, providing a clear and intuitive signal of the QFL opportunity.
To provide a clear overview, our screener presents a comprehensive table that highlights when the QFL condition becomes true for each symbol. This table acts as a visual guide, enabling you to monitor the status of multiple symbols at a glance, streamlining your trading decision-making process.
With the QFL Screener, you gain an edge in identifying profitable trade setups based on Quickfingersluc's renowned approach. Experience the convenience of simultaneous screening, real-time alerts, and an intuitive table display, all in one user-friendly tool.
Panic
Market Traffic Light (redesigned)redesigned the market traffic light from funcharts, all honor to him, I just put a new design ;-) and some bugfixes
1. Section (Fear & Greed)
Approximation of the CNN Money Fear & Greed index based on code of user MagicEins. The index shows values between 0 (extreme fear, red) and 100 (extreme greed, green).
2. Section (warning signs)
VIX: Values above 20 are red and below green. The legend shows the value of the current bar including the change from the bar before. The average VIX is about 16. Values over 20 are a sign of stressed market.
Distribution days: A distribution day (loss to the day before > 0,2 % and higher volume ) is marked with a yellow dot. In case there are more than four distributions days within 25 markets days the dot is orange. When big players redistribute their investments distribution days can occur. If this is done often (more than four times within 25 market days) it is possible that the markets changes or that a sector rotation occurs. For calculation distribution days futures of S&P 500 ( ES1! ) and NASDAQ ( NQ1! ) are used because the volume for this calculation is needed. TradingView does not support volumes for S&P 500 or NASDAQ directly.
Markets: A green/red dot signals that the market is above/below its 25-Daily-EMA. A green/red square signals that the market is above/below its 25-Weekly-EMA. Markets can give as a feeling about where investors store their money. E.g. when markets are falling but DUX (Down Jones Utility Average) is rising this means that investors put their money into save haven. This can be a sign that the markets will fall more.
3. Section (panic signs, = signs of reaching a low within a correction of a crash)
VIX-Reversion: A VIX reversion day ( VIX > 20 & VIX high > VIX high of the day before & VIX high – VIX close > 3) is marked as a yellow dot
VVIX: A value equal or above 140 is marked with a yellow dot and shows absolute panic.
PCR Intra max: A value equal or above 1.4 is marked with a yellow dot.
New high/lows: New highs/lows are shown for AMEX, NYSE and NASDAQ. A yellow dot is shown if the ratio is less or equal than 0. 01 .
Down-Day: Down days are shown for AMEX, NYSE and NASDA. A yellow dot is shown if at least 90 % of the whole volume (up and down) is a down volume .
In Addition to the warning signs in the second section a check of the Advance Decline Line (NYSE and NASDAQ) for bullish and bearish divergences is useful. The whole set-up can be seen in the screenshot.
Only one signal normally does not give us a good prediction. Therefore we need to see these indication as a bundle. TradingView gives us the opportunity to check some striking market situations in the past. So feel free to test this indication for building up your own opinion.
Please feel free to comment in case of failures, improvements or experiences (good or bad).
Market Traffic LightThis indicator visualizes warning and panic signs, which are shown separately.
1. Section (Fear & Greed)
Approximation of the CNN Money Fear & Greed index based on code of user MagicEins. The index shows values between 0 (extreme fear, red) and 100 (extreme greed, green).
2. Section (warning signs)
VIX: Values above 20 are red and below green. The legend shows the value of the current bar including the change from the bar before. The average VIX is about 16. Values over 20 are a sign of stressed market.
Distribution days: A distribution day (loss to the day before > 0,2 % and higher volume) is marked with a yellow dot. In case there are more than four distributions days within 25 markets days the dot is orange. When big players redistribute their investments distribution days can occur. If this is done often (more than four times within 25 market days) it is possible that the markets changes or that a sector rotation occurs. For calculation distribution days futures of S&P 500 (ES1!) and NASDAQ (NQ1!) are used because the volume for this calculation is needed. TradingView does not support volumes for S&P 500 or NASDAQ directly.
Markets: A green/red dot signals that the market is above/below its 25-Daily-EMA. A green/red square signals that the market is above/below its 25-Weekly-EMA. Markets can give as a feeling about where investors store their money. E.g. when markets are falling but DUX (Down Jones Utility Average) is rising this means that investors put their money into save haven. This can be a sign that the markets will fall more.
3. Section (panic signs, = signs of reaching a low within a correction of a crash)
VIX-Reversion: A VIX reversion day (VIX > 20 & VIX high > VIX high of the day before & VIX high – VIX close > 3) is marked as a yellow dot
VVIX: A value equal or above 140 is marked with a yellow dot and shows absolute panic.
PCR Intra max: A value equal or above 1.4 is marked with a yellow dot.
New high/lows: New highs/lows are shown for AMEX, NYSE and NASDAQ. A yellow dot is shown if the ratio is less or equal than 0.01.
Down-Day: Down days are shown for AMEX, NYSE and NASDA. A yellow dot is shown if at least 90 % of the whole volume (up and down) is a down volume.
In Addition to the warning signs in the second section a check of the Advance Decline Line (NYSE and NASDAQ) for bullish and bearish divergences is useful. The whole set-up can be seen in the screenshot.
Only one signal normally does not give us a good prediction. Therefore we need to see these indication as a bundle. TradingView gives us the opportunity to check some striking market situations in the past. So feel free to test this indication for building up your own opinion.
Please feel free to comment in case of failures, improvements or experiences (good or bad).
VIX3M/1M ratioThis script simply calculates and plots the VIX 3 month versus 1 month ratio. Values below 1 indicate a strong panic situation in the market (1 month volatility is higher than the 3 month volatiliy). This might be a good opportunity to sell options.
