Volatility OscillatorThis tool displays relative volatility and directional trend. Excellent way to pickup diversions and reversals. Length can be lowered to 11 or 13 in settings to show price range.
Can be used to identify patterns such as parallel channels and likely direction of price action as pictured below.
Priceaction
Shadow BusterScript that detech when the shadow is higher than the body.
Should be 3x higher for be detected. (personal preference)
Price/Volume Trend MeterAnother simple indicator from the sweet indicator series, This is a combination of the Volume and Price Trend Meter indicators combined (Links below) into one indicator called PVTM (Price Volume Trend Meter).
PVTM measures the strength of price and volume pressure on a histogram.
The indicator sums up all green candles price and volume and red candles price and volume over a specific period of bars and plots based on Price summed value. The result will look similar to Price Trend Meter with the benefit of trying to filter out more noise.
Use this indicator to identify the increasing asset of price and volume with the green candles (Close is higher than open) and decreasing of price and volume with the red candles (Close is lower than open).
======= Calculation ==========
Bright Green Color Column: Total summed up Price and Volume are higher than 0.
Bright Red Color Column: Total summed up Price and Volume are Lower than 0.
Weak Green Color Column: Conflict between Price and Volume (One positive and one negative) so we continue based on previous color .
Weak Red Color Column: Conflict between Price and Volume (One positive and one negative) so we continue based on previous color.
======= Price/Volume Trend Meter Colors =======
Green: Increasing buying pressure.
Weaker Green: Declining Buying pressure (Possible Sell Reversal).
Red: Increasing selling pressure.
Weaker Red: Declining Selling pressure (Possible Buy Reversal).
Other sweet indicators that this indicator is based on:
Volume Trend Meter:
Price Trend Meter:
Like if you Like and Follow me for upcoming indicators/strategies: www.tradingview.com
MTF SCALP Price Actionits just for personal use of my own.
if you want to use this indicator, use it at your own responsibility. but just remember its a SCALP strategy and must be used on 5M timeframe.
Long/Short Conditions :
last 1H,30M,15M and 5M candle close on same direction.
I will back test this indicator and if it worth it i will write turn it to a strategy.
PS: i'm new to pinescript coding . so, sorry for my bad coding. if you have any suggestions to improve my coding skills i will be very thankful if you share it with me.
Price Trend MeterYet another sweet little indicator which measures price pressure over specific period of time. I call it Price Trend Meter (PTM),
It's basically similar to the indicator 'Volume Trend Meter' (VTM) but this time the calculations are based on price rather than volume.
The indicator sums up all the prices of the green candles and red candles over a specific period of time (source and bars back can be adjusted in indicator settings).
======= Calculation ==========
For Green Column: Total price of green candles is higher than total red candles price for a specific bars back.
For Red Column: Total price of red candles is higher than the total green candles price for a specific bars back.
======= Price Trend Meter Colors =======
Green: Increasing buying pressure.
Red: Increasing selling pressure.
For the Volume Trend Meter indicator go here : https:www.tradingview.com/script/ywEEvEtI-Volume-Trend-Meter/
Stay tuned and Follow as a combination indicator of the two indicators (VTM + PTM) will be coming up next: https:www.tradingview.com/u/dman103/#published-scripts
Like if you like and Enjoy.
Key Levels CustomTF + Backtest: SpacemanBTCKey Levels Backtest, same logic as the key levels script, provide levels based:
High, Low, Mid and Close.
This was requested, took a long time to post as I fell sick and was given a lot of Dev Work.
Hope this helps those who use it, very useful to see liquidity grabs in my opinion.
Input time in minutes!
Result of a user request.
Price-Action-BarsThis script came as a discussion in our community forum.
It paints
1. Pin Bars (Bottom or Top)
2. inside/outside Bar
3. Bullish Bottom bar
It also has the ability to add alerts on your favorite stocks
Price StatsIntroduction
Price Stats is an indicator based on the statistics shown in MarketSmith charting software when viewing the Track Price information, also known as the "yellow box."
The following stats are available for the most recent price bar:
■ High price
■ Low price
■ Last price
■ Percent change in price from prior bar
■ Closing range within the bar
■ Current volume
■ Volume % change relative to the 50-day moving average volume
For daily charts:
■ 21-day EMA and % offset of price
■ 50-day SMA and % offset of price
■ 200-day SMA and % offset of price
Here's how to interpret the moving averages:
In the image below the 50-day SMA is 74.58 (8.04%). 74.58 represents the value of the 50-day SMA. 8.04% indicates that the current price is 8.04% above the SMA. A negative % would indicate the current price is the specified % below the SMA.
Dynamic Sigma VWAP and Volume Sigma LevelsEver Wondered How can you confidently Identify Reversals / and Trend Direction with Volume ?
So this Script will help you out with that!
What I am talking About?
1. Volume Standard Deviations Spikes being Projected Over the Price
2. Dynamic VWAP being Calculated from the Points of extremities in Volume Action {estimated using Standard Deviation Sigma Level}
So,
This is how sigma levels of 1sigma, 2sigma and 3sigma will look over the volume
Whenever Volume Spikes through these Sigma Levels,
Price Projections are Formed by this Indicator, both on Current Timeframes and Higher Timeframes Prices
So,
This is what price projection of Volume Sigma Levels (1,2,3sigmas crosses) will look if projected on Same Timeframe period
And This is how they look on chart using Higher Timeframe Period, (Default Higher Time Frame is 60mins, You can tweak as per your convenience)
Once All the Sigmas are projected Over the Price,
Dynamic VWAP is calculated from the points where volume crosses current Time Frame 2sigma and 3sigma Levels
see,
This helps out in figuring a lot of things in the price volume action!
Play with it, and Enjoy!
Marubozu Forex Price actionHi, today I bring you a price action strategy/indicator for Forex, made out for Marubozu candle type.
For the entries of it check if we have a long or a short marubozu.
For exit we have for long when the actual candle is green and the last previous two were red.
For exit we have for short, when the actual candle is red and the last previous two were green.
If you have any questions private message me !
Booming Bull 15 Min StrategyBooming Bull 15 Min strategy
Conditions
First 15 min candle high-low must be less than .75%
Next candle is crossing either high or low
Vision VolumeAfter reading an article on how to trade volume I felt that I needed some kind of indicator using price action and volume together.
More precisely I tried to build two indicators. Bear in mind this indactor is very simple because it only evaluates each bar with its previous bar and an average.
Nr.1 Weak/fake push: Price suddenly goes up/down a lot more but without much volume being traded -> sign of a fake move or low interest
Nr 2 Price action resistance: After an up or down move price suddenly stops moving but high volumes are being traded. This means high resistance from sellers in a rally or buyers in a decline.
This is very simple and as you can see it is often not a clear signal. I will try to improve it further. If a fake move bar (purple) has a close near its new high we don't know if the fake push will continue. As you can see on the chart. some reversal signs come a little to early.
You can re-color labels and turn them off optionally.
This is built for educational purposes only. I hope you find it useful.
Design by Hook
NSDT Special High-Low CandlesThis is an interesting take on candlesticks. These special High-Low Candles do not show the Open and Close levels, so there are no wicks. However, you still see the the High and Low of the entire candle, giving you the full range.
Since this is an indicator, be sure to hide the chart candles to avoid overlap. Or choose offsetting colors to see the traditional candles under the indicator candles.
Amazing strategy for silver -XAGUSD, XAGEUR etcToday I bring an amazing strategy that works for 1h time frames for silver.
Its made of price actions movement combined together with MACD and simple moving average
It does not use neither stop loss/take profit levels. Instead it will always exit at the next candle after it opens a trade.
The rules are the next one :
For short condition : we have a bull candle, and candle is above the moving average, and MACD histogram is > 0 and last high0 and candle close > last high1 and, previus high1 and candle close > last high2
At the same time, viceversa for long condition.
In development terms, this is the formula
long1 = (close > open ) and time_cond and close > out and hist > 0 and hist > hist and high > high and high > high and close > high and close > high and close > high
short1 = (close < open) and time_cond and close < out and hist < 0 and hist < hist and low < low and low < low and close < low and close < low and close < low
But when we enter the trade, we enter in reverse, like lets say we go long -> for this we apply the short1 condition. If we go short we apply the long1 condition.
If you have any questions , please let me know .
Market EmotionsThis is a simple and fun indicator I built out of boredom one night. It's great for a quick laugh, but other than that, it's useless. It simply displays emotes for various thresholds of change in price between the open and close of a candle. For example, unicorn candles are any candles that gain 25% or more from opening price to closing price.
CSRS v2Candlesticked RSI v2 for price action traders!
See the True Momentum.
6 chart type, smooth RSI , add signal lines, find divergences, special alerts
This is 2nd version with major upgrade
Improved and more powerful
fully customizable.
features:
See RSI in 6 type of chart(Candles, Hollow Candles, Siwi Candles, Heikin Ashi, HL Bar, Line)
Monitor Up to 3 RSI , each one at desired resolution, source and length
Smooth each one of chart separately to remove noises
Add up to 3 signal line to primary chart in your desired source and type( SMA , EMA , WMA , HMA )
Find divergences which has special parameters
Gradient color adjustment of line chart
Add alert for reaching to important levels and detected divergences
[blackcat] L1 Stochastic J Price Action OscillatorLevel: 1
Background
The KDJ oscillator display consists of 3 lines (K, D and J - hence the name of the display) and 2 levels. K and D are the same lines you see when using the stochastic oscillator. The J line in turn represents the deviation of the D value from the K value. The convergence of these lines indicates new trading opportunities. Just like the Stochastic Oscillator, oversold and overbought levels correspond to the times when the trend is likely to reverse.
Function
L1 Stochastic J Price Action Oscillator with Long Strength Indicator use stochastic KDJ signal as input source and it combines with price action algorithm to form a brand-new oscillator which have less noise signal with a long signal strength indicator so as to alleviate inherent KDJ saturation issue.
Key Signal
cond --> buy signal condition from KDJ j value deduction
fastline --> fast line of new oscillator
slowline --> slow line of new oscillator
Pros and Cons
Pros:
1. it takes over KDJ's advantages
2. it can greatly reduce KDJ saturation issue
Cons:
1. no short entry signal is derived.
2. only long signal strength indicator is disclosed
Remarks
An improved version of KDJ with less satration observed.
Readme
In real life, I am a prolific inventor. I have successfully applied for more than 60 international and regional patents in the past 12 years. But in the past two years or so, I have tried to transfer my creativity to the development of trading strategies. Tradingview is the ideal platform for me. I am selecting and contributing some of the hundreds of scripts to publish in Tradingview community. Welcome everyone to interact with me to discuss these interesting pine scripts.
The scripts posted are categorized into 5 levels according to my efforts or manhours put into these works.
Level 1 : interesting script snippets or distinctive improvement from classic indicators or strategy. Level 1 scripts can usually appear in more complex indicators as a function module or element.
Level 2 : composite indicator/strategy. By selecting or combining several independent or dependent functions or sub indicators in proper way, the composite script exhibits a resonance phenomenon which can filter out noise or fake trading signal to enhance trading confidence level.
Level 3 : comprehensive indicator/strategy. They are simple trading systems based on my strategies. They are commonly containing several or all of entry signal, close signal, stop loss, take profit, re-entry, risk management, and position sizing techniques. Even some interesting fundamental and mass psychological aspects are incorporated.
Level 4 : script snippets or functions that do not disclose source code. Interesting element that can reveal market laws and work as raw material for indicators and strategies. If you find Level 1~2 scripts are helpful, Level 4 is a private version that took me far more efforts to develop.
Level 5 : indicator/strategy that do not disclose source code. private version of Level 3 script with my accumulated script processing skills or a large number of custom functions. I had a private function library built in past two years. Level 5 scripts use many of them to achieve private trading strategy.
DePriExchange weighted price for cryptocurrencies
DECENTRALIZED PRICE CHART FOR DECENTRALIZED WORLD
See non-manipulated , globally price action that comes from whole liquidity!
The main idea behind this script is that...
The value of each trading pair finally determined globally and the price displayed in exchanges is its own and not global! differences between exchanges, reduced to near zero gradually by market makers and arbitrages, so..
Every min tick price changes Must be backed by liquidity to be part of the global fluctuations
more liquidity gives it more credibility
more credibility give it more weight
..Against opposing movements.
This script can collect price of crypto pairs from 12 exchanges that listed on TV and have effective volume.
In the first step, summarizes the volume of all exchanges and creates the total volume
In the next step, divide each exchange volume to total volume to obtain relative weight of each exchange.
In the final step, multiply each exchange price to weight of itself and summarizes these numbers .. now, we have Exchange weighted price!
The results on high liquidity pairs like BTCUSDT, ETHUSDT, is not much differ then simple chart but when you apply it on lower liquidity, lower time frames of altcoins, you realize its benefits and usefulness. Altcoins chart in composite and simple mode is very differ, I hope you enjoy from TRUE CHART.
With this, also you can..
Filter and smooth candlestick chart with SMA or EMA
Plot a line chart of pair at your desired frame separate from the main chart for monitor important price levels
Get realtime report of whole volume of pair on included exchanges
Get realtime report of each exchange weight and share
Note.1:
some of pairs queted on more than one like BTCUSD, BTCUSDT, BTCUSDC and etc. In this pairs we choose the one that usually has more volume on that exchange.
Note.2:
At this time, supported queted currencies are BTC, ETH, USD, USDT, BUSD, USDC, USDK.
Note.3:
This script is relatively heavy! This is not cuz of bad coding.
Each bar compution contains at least one plot and some of security calls, so 10 to 15 seconds is normal load time.
Note.4:
You can combine this with your price action base scripts and use balanced OHLCV. The necessary explanations about this are available in the code.
Note.5:
You must only include exchanges that support your ticker, Otherwise you will receive an error.
I hope it comes useful to you.
Angle & Price FlowThis is a simple end of the day indicator based on open and close values.
Angles:
Identifying narrow angles helps to find breakouts
Maximum angle = High chance of reversal
Minimum angle = Chance of breakouts on the next day or upcoming days.
Price Flow:
I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using rounding bottoms and rounding top patterns, sharp corners for reversals.
Features:
Multi time frame
Labels
Hide previous period
Combine it with other indicators for better result.
Angle & Price FlowThis is a simple end of the day indicator based on open and close values.
Angles:
Identifying narrow angles helps to find breakouts
Maximum angle = High chance of reversal
Minimum angle = Chance of breakouts on the next day or upcoming days.
Price Flow:
I personally use price flow to simplify the flow of candlestick chart and to identify breakouts using rounding bottoms and rounding top patterns, sharp corners for reversals.
Features:
Multi time frame
Labels
Hide previous period
Combine it with other indicators for better result.
Price breaksThis indicator displays the High/Low/Close of the previous day/week/month as horizontal lines. Of course, everything is configurable but to keep it simple and non-intrusive it only displays:
month's H/L/C levels on D time frame (drawn as circles)
week's levels on 4h (as crosses)
day's levels on 1h (as line)
These levels act as support / resistance over and over again, see current (08/24/2020) BTCUSD chart, the previous month's close (blue circles) did act as support and held on 08/11, also prev month's high (red circles) was not broken on 08/21. Once these levels break we might see lower prices but so far both of them act as good support to consider.
Two Fractals TrendlinesThis study draws a trend line for the last two Bill Williams up-fractals and down-fractals.
Trend line break signals and alerts can optionally be added.
ADL Price RatioThis script measures percentage of ADL movement relative and difference to Stock Price movement, in a core this measure reflects "how in-the-market (ADL) volume moves Stock Price".
The higher green line, the easier prices moves higher, the smaller black line (ADL - Price difference) the more price reflects volume movements (e.g. ADL up -> Stock Price up same amount)
