Whale IndicatorOverview:
This advanced script is designed to track the price difference of Bitcoin between Bitmex and Binance Futures, providing traders with strategic buy and sell signals. It capitalizes on the relative movements of Bitcoin prices across these two prominent platforms, offering a unique approach to market analysis and decision-making.
Functionality:
* Price Tracking: The indicator meticulously monitors the Bitcoin price on Bitmex and Binance Futures.
* Signal Generation:
* A buy signal is generated when the Bitmex price increases by $100.
* A sell signal is triggered when the Bitmex price decreases by $100.
* Special Conditions:
* A signal named STRONG BUY is produced when the price difference rises by $150.
* A signal named STRONG SELL is generated when the price difference drops by $150.
Methodology:
This indicator relies on simple yet effective price differential principles, where the relative movement between the two platforms signals potential trading opportunities. The threshold values of $100 and $150 are chosen to filter out noise and focus on significant market movements, providing clear actionable signals.
Usage Instructions:
* Timeframe: This indicator is optimized for the BTCUSD Daily chart. However, it is also adaptable to 4-hour and hourly charts for more active trading strategies.
* Trading Strategy:
* When a buy signal turns into a sell signal, the recommendation is to SHORT or SELL.
* Conversely, when a sell signal flips to a buy signal, traders are advised to LONG or BUY.
Warning: This indicator is specifically designed for Bitcoin and should not be applied to other assets, as it may yield inaccurate results.
By understanding the underlying calculations and the strategic thresholds utilized, traders can better grasp the rationale behind the generated signals and incorporate them into their trading arsenal effectively. This detailed approach ensures that the indicator not only alerts traders to potential opportunities but does so with a clear, logical foundation.
Sentiment
Money Flow ExtendedMoney Flow Extended (MF)
Definition
The Money Flow Extended (MF) indicator brings together the functionality of the Money Flow Index indicator (MFI) , a tool created by Gene Quong and Avrum Soudack and used in technical analysis for measuring buying and selling pressure, and The Relative Strength Index (RSI) , a well versed momentum based oscillator created by J.Welles Wilder Jr., which is used to measure the speed (velocity) as well as the change (magnitude) of directional price movements.
History
As the Money Flow Index (MFI) is quite similar to The Relative Strength Index (RSI), essentially the RSI with the added aspect of volume, adding a Moving Average, divergence calculation, oversold and overbought gradients, facilitates the transition from RSI, making the use of MFI pretty similar.
What to look for
Overbought/Oversold
When momentum and price rise fast enough, at a high enough level, eventual the security will be considered overbought. The opposite is also true. When price and momentum fall far enough, they can be considered oversold. Traditional overbought territory starts above 80 and oversold territory starts below 20. These values are subjective however, and a technical analyst can set whichever thresholds they choose.
Divergence
MF Divergence occurs when there is a difference between what the price action is indicating and what MF is indicating. These differences can be interpreted as an impending reversal. Specifically, there are two types of divergences, bearish and bullish.
Bullish MFI Divergence – When price makes a new low but MF makes a higher low.
Bearish MFI Divergence – When price makes a new high but MF makes a lower high.
Failure Swings
Failure swings are another occurrence which can lead to a price reversal. One thing to keep in mind about failure swings is that they are completely independent of price and rely solely on MF. Failure swings consist of four steps and are considered to be either Bullish (buying opportunity) or Bearish (selling opportunity).
Bullish Failure Swing
MF drops below 20 (considered oversold).
MF bounces back above 20.
MF pulls back but remains above 20 (remains above oversold)
MF breaks out above its previous high.
Bearish Failure Swing
MF rises above 80 (considered overbought)
MF drops back below 80
MF rises slightly but remains below 80 (remains below overbought)
MF drops lower than its previous low.
Summary
The Money Flow Extended (MF) can be a very valuable technical analysis tool. Of course, MF should not be used alone as the sole source for a trader’s signals or setups. MF can be combined with additional indicators or chart pattern analysis to increase its effectiveness.
Inputs
Length
The time period to be used in calculating the MF. 14 is the default.
Pivot Loopback
After how many bars you want the divergence to show, on the scale of 1-5. 5 is the default.
Calculate Divergence
Calculating divergences is needed in order for divergence alerts to fire.
Moving Average section
You can learn more about the inputs in the "Moving Average" section in this Help Center article .
Style
MF
Can toggle the visibility of the MF as well as the visibility of a price line showing the actual current value of the MF. Can also select the MF Line's color, line thickness and visual style.
MF-based MA
Can toggle the visibility of the MF-based MA as well as the visibility of a price line showing the actual current MA value. Can also select its color, line thickness and line style.
MF Upper Band
Can toggle the visibility of the Upper Band as well as sets the boundary, on the scale of 1-100, for the Upper Band (80 is the default). The color, line thickness and line style can also be determined.
MF Middle Band
Can toggle the visibility of the Middle Band as well as sets the boundary, on the scale of 1-100, for the Middle Band (50 is the default). The color, line thickness and line style can also be determined.
MF Lower Band
Can toggle the visibility of the Lower Band as well as sets the boundary, on the scale of 1-100, for the Lower Band (20 is the default). The color, line thickness and line style can also be determined.
MF Background Fill
Toggles the visibility of a Background color within the MF's boundaries. Can also change the Color itself as well as the opacity.
Overbought Gradient Fill
Can toggle the visibility of the Overbought Gradient Fill. Can also select its colors combination.
Oversold Gradient Fill
Can toggle the visibility of the Oversold Gradient Fill. Can also select its colors combination.
Precision
Sets the number of decimal places to be left on the indicator's value before rounding up. The higher this number, the more decimal points will be on the indicator's value.
Market Cycles
The Market Cycles indicator transforms market price data into a stochastic wave, offering a unique perspective on market cycles. The wave is bounded between positive and negative values, providing clear visual cues for potential bullish and bearish trends. When the wave turns green, it signals a bullish cycle, while red indicates a bearish cycle.
Designed to show clarity and precision, this tool helps identify market momentum and cyclical behavior in an intuitive way. Ideal for fine-tuning entries or analyzing broader trends, this indicator aims to enhance the decision-making process with simplicity and elegance.
EMA Crossover for Investing
This TradingView script dynamically recolors candles based on the relationship between the 10-period Exponential Moving Average (EMA) and the 50-period EMA, providing a visual cue for asset allocation decisions. It is designed specifically for use on the 30-minute chart during Regular Trading Hours only.
How to Use This Script
Use the 30-Minute chart on SPY or QQQ.
📈 When the 10 EMA is above the 50 EMA, candles are highlighted to indicate favorable conditions for allocating 100% to stocks.
📉 When the 10 EMA is below the 50 EMA, candles are highlighted to suggest allocating 100% to bonds.
MMRI by NicoThe great Gregory Mannarino provided us with a great indicator for assessing Risk in the market... this is an indicator that will let you keep an eye on it at every moment without leaving your TradingView screen.
The original indicator is here: traderschoice.net
Mongooses Probability Matrix
🚀 **Introducing: Mongoose's Probability Script** 🚀
A powerful tool for traders to calculate and visualize trend probabilities using RSI, MACD, and OBV. 📈
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**✨ Features You’ll Love:**
1️⃣ **Dynamic Probabilities**:
- Calculates real-time probabilities for bullish and bearish trends.
- Combines RSI, MACD, and OBV for accurate market insights.
2️⃣ **Customizable Inputs**:
- Adjust RSI lengths, MACD parameters, and OBV sensitivity to suit your style.
3️⃣ **Visual Enhancements**:
- Clear trendlines for bullish & bearish probabilities.
- Background highlights (green for bullish, red for bearish).
- On-chart probability table for quick reference.
4️⃣ **Smart Alerts**:
- Get notified when probabilities exceed key levels (default: 70%).
**📊 How to Use:**
1️⃣ Add the script to your chart.
2️⃣ Configure settings (RSI, MACD, OBV) for your preferred timeframe.
3️⃣ Use the probability table & trendlines to validate trades.
4️⃣ High-probability signals (>70%) = strong trade opportunities!
⚠️ **Disclaimer:**
This script is for educational purposes only. It’s not financial advice. Past performance ≠ future results. Always do your research.
🚨 Ready to level up your trading? Try **Mongoose's Probability Script** today!
CVD Cumulative Volume Delta with DivergencesIndicador em fase de teste
mostra
- Divergências com regras de coloração
- é possivel traçar LTa e LTb
Candlestick Strength and Volatility OscillatorA conversion of my previous indicator, now in oscillator format rather than a plain text readout.
The oscillator contains two lines, one that shows the candlestick volatility compared to the ATR and one that shows the "strength" ratio (how close to the highs or lows the candlestick closed).
The line threshold is set by default to 80%, but you can change it as you please along with the ATR calculation settings and the appearance of the indicator itself.
This is primarily designed for price action traders to help gauge sentiment and buying/selling pressure before taking entry.
I hope this helps you in your trading! Feel free to post any questions, ideas, or thoughts below!
Black-Scholes Option Pricing📊 1. Black-Scholes Model
• Purpose: Evaluates the price of options on individual stocks and indices.
• Strength: Well-suited for liquid markets with reliable volatility data.
• Weakness: Assumes constant volatility and risk-free interest rate.
Faizan_HeikinAshi_With_ATRThis script plots Heikin Ashi candles on the chart with an additional ATR-based color filtering. The color of the candles is determined by the difference between the Heikin Ashi close and open, with an ATR multiplier used to adjust the sensitivity of this filter. It allows users to configure the ATR period, multiplier, and an offset to adjust the vertical placement of the candles. Special handling is applied for the 9:15 and 9:20 timestamps to use actual close and open values for those candles.
Volumen and Momentum Indicator with Vector CandlesDescription of the Indicator: Custom Momentum Indicator with Vector Candles
This indicator combines momentum analysis using the MACD (Moving Average Convergence Divergence) with an advanced volume-based coloring scheme known as "Vector Candles." It provides a visual representation of market trends, momentum signals, and volume patterns directly on the chart.
Key Features:
MACD-Based Momentum Analysis:
The indicator calculates the standard MACD line, signal line, and histogram based on user-configurable parameters:
Fast Length: Fast moving average (default: 12).
Slow Length: Slow moving average (default: 26).
Signal Smoothing: Smoothing of the signal line (default: 9).
The histogram shows the difference between the MACD line and the signal line, with colors indicating the strength and direction of momentum.
Inverted Histogram Option:
Includes an option to invert the histogram display if desired.
Vector Candles:
Candle coloring reflects both volume and price action:
Climax Volume: Highlights significant volume spikes.
Above Average: Indicates above-average volume.
Neutral: Represents normal volume.
Bullish candles are displayed in green or blue, while bearish candles are red or pink, depending on volume conditions.
Volume Analysis:
Calculates the average volume of the last 10 candles and identifies exceptional volume spikes (Climax Volume).
Custom Symbol Support:
Users can override the chart symbol to use alternative data sources (e.g., BTC/USD from different exchanges).
Flexibility and User-Friendly Settings:
Key parameters can be adjusted, such as enabling/disabling Vector Candle colors or modifying histogram settings.
Visual Representation:
Histogram:
Displays momentum signals, with colors indicating the strength and direction of market trends.
Optionally incorporates Vector Candle colors into the histogram.
Candle Colors:
The indicator colors candles on the chart based on volume trends and price movements, making it easier to identify bullish and bearish phases.
Applications:
Ideal for traders who rely on both momentum and volume in their decision-making process.
Especially useful for analyzing highly volatile markets such as cryptocurrencies or commodities.
Summary:
The Custom Momentum Indicator with Vector Candles is a powerful tool that combines momentum and volume analysis. It provides intuitive visual cues about market trends and conditions, making it perfect for experienced traders seeking a data-driven approach.
SuperTrend Volume [BigBeluga]SuperTrend Volume is an advanced trend-following indicator that combines the traditional SuperTrend method with a normalized volume visualization inside trend bands, offering enhanced insight into market dynamics and volume activity.
🔵 Key Features:
Dynamic Trend Bands: The indicator uses the SuperTrend methodology to plot upper and lower trend bands, which adapt dynamically to price movements. Green bands indicate an uptrend, while purple bands indicate a downtrend.
Normalized Volume Visualization:
Inside the trend bands, normalized volume is displayed to highlight the intensity of market participation during trends.
Users can choose between two visualization types:
Bars: Displays volume as vertical bars within the bands.
Area: Represents volume as a shaded area for a smoother look.
Color-Coded Trends: Trend direction is color-coded:
Green for bullish trends.
Purple for bearish trends.
Volume Labels: Each bar or area has a label showing the normalized volume value 0-4 for easier interpretation.
Trend Change Detection: Automatically identifies trend reversals by recalculating the SuperTrend levels and adjusting volume visualization accordingly.
🔵 Usage:
Trend Identification: Use the color-coded trend bands to confirm the current market direction and identify potential reversals.
Volume Confirmation: Assess the strength of trends using normalized volume inside the bands. Higher normalized volume indicates stronger market conviction.
Peak Volume can be a signal of the mean reversion of price
Customization: Adjust the visualization type (bars or area) based on personal preference or analysis needs.
Dynamic Updates: Use volume labels and trend bands to stay updated on market shifts and trading opportunities in real time.
SuperTrend Volume is a versatile tool suitable for traders who want to combine trend analysis with volume dynamics for a more comprehensive view of the market. It is ideal for identifying trend strength, detecting reversals, and gauging the participation of market players during directional moves.
US and Asia Trading Hoursadds vertical lines to your chart that show US trading hours 9-4 and NY trading hours based off of EST
Line Break Chart StrategyHello All!
We should not pass this year without a gift!
My last publication in 2024 is Complete Line Break Chart Strategy with many features!
What is Line Break Chart?
" Line Break is a Japanese chart style that disregards time intervals and only focuses on price movements, similar to the Kagi and Renko chart styles. Line Break charts form a series of up and down bars (referred to as lines). Up lines represent rising prices, and down lines represent falling prices. New confirmed lines only form on the chart when closing prices break the range covered by previous lines. Users can control the number of past lines used in the calculation via the "Number of Lines" input in the chart settings. The typical "Number of Lines" setting is 3, meaning the chart forms a new up line when the closing price is above the high prices of the last three lines, and it forms a new down line when the closing price is below the past three lines' low prices. If the current price is higher, it is an up line and if it is lower, it is a down line. If the current closing price is the same or the move in the opposite direction is not large enough to warrant a reversal, l then no new line is draw n" by Tradingview. You can find it here
Now let's start examining the features of the indicator:
By using Line break reversals it shows trend on the main chart. You can create alert .
Moreover, you can decide which trade should be taken by using Risk Management in the indicator. You can set the " Maximum Risk " and then if the risk is more than you set then the trade is not taken. When trend changed it checks the distance between reversal level and open price and compare it with the Maximum Risk
Breakout:
It can find breakouts and shows on the chart. You can create alert for breakouts
It can show breakouts on the main chart:
Flip-Flops:
Upon looking at set of price break charts, the trader will notice that there are instances when uptrend blocks is followed by one reversal block, and then by a reversal to a series of uptrend blocks. The opposite is also possible: a series of downtrend blocks is followed by one reversal box and then by an immediate reversal to downtrend. This price action is called a " Flip-Flop ". This structure usually produces trend continuation signal. when we see this then we better use Buy/Sell stop order. lets see this on the chart:
Temporal Sequence Table:
Sequence frequency shows the frequency distribution of the number of sequential highs and the number of sequential lows that have been generated. This is quite important to the trader who is seeking to join a trend or put on a trade when the price break reverses into a new trend direction. For example, if the pattern over the past year has been that there never were more than nine consecutive high closes, it would make sense not to enter a position late into the sequence of new high closes.
also you can see market structure. I have tried to formalize it and show it under the table. so you can understand if it's choppy market.
"Number of Lines" has very important role. While using low time frames such seconds/minutes time frame you may want to choose higher number of lines such 5,6. ( this may minimize the risk of a whipsaw )
Gaps feature:
You can set Gaps on/off. if Gaps on then you can see how long it takes for each box
Reversal and Continuation Probability:
The script calculated Reversal level and Continuation probability of the trend by using Sequence frequency.
It also shows unconfirmed box and current closing price level:
Last but not least it has Overlay option for all items, and can show all items in the main chart!
P.S. I added alerts :)
Wish you all a happy new year!
Enjoy!
Buyers vs SellersBuyers vs Sellers is an indicator which essentially weighs the strength of the buyers against the strength of the sellers. It defines the current relationship between the buyers and the sellers as well as the way that that relationship is changing over time.
User Inputs:
1. Number of Bars To Include In The Calculation - this is the look back period. The amount of past data that is being processed.
2. Length of The ATR - higher values are recommended. This ATR is used as a unit in which the price changes are expressed.
3. Bullish/Bearish Bias Threshold - the minimum value to consider the buyers or the sellers having control of the price.
4. Net Move Average Length - the moving average of the sum of bullish and bearish price changes.
The Calculation Process:
This indicator measures the difference between the opening and the closing prices of each bar in the look back period.
After that it sums together the sizes of the bodies of all the bullish bars and also the sizes of all the bearish bars to create the total bullish price change and total bearish price change for the look back period.
After that it converts the total price changes into percentages of the ATR and divides them by the look back period to get the price change per bar - it is a way of getting the price change values down to less ridiculous numbers regardless of the look back period and while still keeping the proportions intact.
After that it sums the two price changes together to get the net move and performs a simple moving average calculation on it in order to smooth out the values. This is a numerical representation of the relationship between the strength of the bullish and the bearish moves, which is easily readable from the chart.
After that the indicator performs a natural logarithm of the bullish price change divided by the bearish price change. This calculation gives a relationship between the two values which is not tied to the volatility of the instrument, but is expressed purely as a relationship between the strength of one value against the other. The idea is that this would allow for easier comparison across different instruments as the same numbers would represent exactly the same distribution of the strength difference.
The Plotting Logic:
The ATR is plotted as just a number as a reference.
The natural logarithm is presented in two ways.
One way is numerical, to be able to precisely read the value and the colour of the number changes depending if it is positive and above the bias threshold or negative and below the bias threshold.
The other way is in the form of a background colour. It only visualises the bias that can be interpreted based on the logarithm value in relation to the set bias threshold.
The total bullish price change and the total bearish price change are both plotted as a line with the fill between that line and the zero line. This helps visualise the bullish and the bearish moves individually.
The moving average of the sum of the bullish and the bearish moves is added as a line to represent the relationship between the two on a graph and not just as a logarithm.
I hope this indicator will serve you well and help with defining the relationship between the buyers and sellers more objectively, hopefully leading to more profitable trades.
Abnormal Delta Volume HistogramThis indicator can help traders spot potential turning points or heightened volatility and provides a dynamic measure of unusual market behavior by focusing on shifts in “delta volume.” Delta volume is approximated by assigning all of a bar’s volume to the bullish side if the close is higher than the open and to the bearish side if the close is lower. The result is a net volume measure that can hint at which side—buyers or sellers—has the upper hand. By comparing this delta volume to its historical averages and measuring how far current readings deviate in terms of standard deviations, the indicator can highlight bars that reflect significantly stronger than normal buying or selling pressure.
A histogram visualizes these delta volume values on a bar-by-bar basis, while additional reference lines for the mean and threshold boundaries allow traders to quickly identify abnormal conditions. When the histogram bars extend beyond the threshold lines, and are colored differently to signal abnormality, it can draw the trader’s eye to periods when market participation or sentiment may be shifting rapidly. This can be used as an early warning signal, prompting further investigation into price action, external news, or significant events that may be driving unusual volume patterns.
Important Notice:
Trading financial markets involves significant risk and may not be suitable for all investors. The use of technical indicators like this one does not guarantee profitable results. This indicator should not be used as a standalone analysis tool. It is essential to combine it with other forms of analysis, such as fundamental analysis, risk management strategies, and awareness of current market conditions. Always conduct thorough research or consult with a qualified financial advisor before making trading decisions. Past performance is not indicative of future results.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
Holiday Cheer 🎄Features:
Snowflakes Animation: Creates a "falling snow" effect with small white circles drifting downwards.
Festive Candlesticks: Green for up candles, red for down candles, matching holiday vibes.
Greeting Label: Displays a cheerful holiday message on the chart
SnowglobeA fun Christmas publication where snowflakes fall to the bottom, as in a Snowglobe.
☃️ Shake Snowglobe
- Set the settings as desired.
Position the chart so the current real-time bar at the right is still visible; otherwise, the snowflakes will not move.
- Simple move the chart a bit, zoom, or adjust the settings if you want to start over.
'White Theme' users will experience black snow, while 'Dark Themers' will get white snow! 😄
🎄 Pine Script™
- If the 'Amount' is 500 or lower, only label.new() is used, if higher, box.new() with text comes also in play.
- The size of the text is set with numeric values, a new feature of Pine Script™ version 6!
☃️ Settings
Amount: Maximum amount of snowflakes
Moving Flakes: Maximum amount of moving snowflakes per tick move
Max Speed: Maximum speed of tumbling snowflakes
Drift: Maximum bar distance of snowflakes' drift
Happy Holidays! 🎅🏻🧑🏻🎄
Bitcoin Premium [SAKANE]Overview
"Bitcoin Premium " is an indicator designed to analyze the price differences (premiums) of Bitcoin between major exchanges. By using this tool, you can visualize these differences and trends across exchanges, helping you make more informed trading decisions.
Features
1. Premium Calculation and Display
- Calculates and visualizes the price differences between major exchanges like Coinbase, Bitfinex, Upbit, and Binance.
- Premiums are displayed in a histogram format for intuitive analysis.
2. Forex Rate Adjustment
- Prices quoted in KRW (e.g., from Upbit) are converted to USD using real-time KRW/USD forex rates.
3. Moving Average Option
- Displays moving averages (SMA or EMA) of premiums for a clearer view of long-term trends.
4. Customizable Settings
- Toggle the premium display for each exchange on or off.
- Includes label displays to support visual analysis.
What Can It Do for You?
1. Identify Arbitrage Opportunities
By observing price differences (premiums) between exchanges, you can identify arbitrage opportunities.
Example: If Bitcoin is cheaper on Binance and more expensive on Coinbase, you could buy on Binance and sell on Coinbase to capture the price difference.
2. Understand Regional Supply and Demand Trends
Each exchange's premium reflects the supply and demand dynamics of its respective region.
Example: A high premium on Upbit may indicate excess demand or regulatory impacts in the South Korean market.
3. Analyze Liquidity
Price differences often highlight liquidity disparities between exchanges. Markets with lower trading volumes tend to have larger premiums due to price distortions.
4. Evaluate Macroeconomic Impacts
Premium movements may reflect changes in macroeconomic factors, such as exchange rates, regulations, or financial conditions specific to each region.
5. Analyze Trends and Market Sentiment
By tracking premium trends, you can gauge market sentiment and understand regional or exchange-specific behaviors to inform your investment decisions.
6. Support Strategic Trading
This tool is useful for short-term arbitrage strategies as well as long-term evaluations of market health.
Exchange Characteristics and Premium Implications
The meaning of premiums varies by exchange.
- Coinbase (US Market)
Primarily used by investors buying directly with fiat currency (USD). A higher premium often signals bullish sentiment among institutional and retail investors.
- Bitfinex (Global Market)
A trader-focused exchange with active large-scale and leveraged trading. Premiums may reflect liquidity and risk appetite.
- Upbit (South Korean Market)
Priced in KRW, making it subject to forex rates and local market dynamics. High premiums may indicate strong demand or regulatory influences in South Korea.
- Binance (Global Market)
The largest exchange by trading volume. Premiums here are often a reflection of the overall market balance.
Notes
- This indicator is for reference only and does not guarantee trading decisions.
- Please consider the characteristics and conditions of each exchange when using this tool.
ATR Oscillator with Dots and Dynamic Zero LineWhat It Is
The ATR Oscillator with Dots and Dynamic Zero Line is a custom indicator based on the Average True Range (ATR), designed to provide traders with enhanced insights into market volatility and directional bias. Unlike traditional ATR oscillators that plot continuous lines, this version uses distinct dots to display ATR values and includes a dynamic zero line that changes color based on market direction (uptrend, downtrend, or consolidation).
How It Works
ATR Calculation:
The indicator calculates the Average True Range over a user-defined period (default: 14 bars). ATR measures market volatility by considering the range between the high, low, and close of each bar.
Dots for ATR Values:
Instead of plotting ATR values as a continuous line, the indicator represents each value as an individual blue dot. This format highlights changes in volatility without visually connecting them, helping to avoid false trends and clutter.
Dynamic Zero Line:
A horizontal zero line provides additional directional context. The line changes color dynamically:
Green: Indicates an uptrend (price is consistently closing higher over consecutive bars).
Red: Indicates a downtrend (price is consistently closing lower over consecutive bars).
Gray: Indicates market consolidation or sideways movement (no clear trend in price).
The thickness and step-like style of the zero line make it visually prominent, enabling quick interpretation of market direction.
What It Does
Visualizes Market Volatility:
By plotting ATR values as dots, the oscillator emphasizes periods of heightened or reduced market activity, helping traders anticipate breakout opportunities or avoid low-volatility zones.
Provides Trend Context:
The dynamic zero line gives traders a clear signal of the prevailing market trend (uptrend, downtrend, or consolidation), which can be used to align trading strategies with the broader market context.
Avoids Misleading Trends:
Unlike traditional ATR oscillators that use continuous lines, this version eliminates visual artifacts caused by noise, such as false trends during consolidation periods.
Simplifies Interpretation:
The combination of ATR dots and a color-coded zero line creates a straightforward and intuitive tool for assessing both volatility and market direction.
Why It’s More Useful Than a Traditional ATR Oscillator
Enhanced Visibility:
The use of dots instead of a continuous line makes it easier to spot discrete changes in ATR values, avoiding visual clutter and false impressions of smooth trends.
Dynamic Market Context:
Traditional ATR oscillators only measure volatility, offering no indication of market direction. The dynamic zero line in this oscillator adds valuable directional context, helping traders align their strategies with the trend.
Better for Range-Bound Markets:
The zero line’s color-changing feature highlights consolidation periods, enabling traders to identify and avoid trading during sideways, low-volatility conditions where false signals are common.
Quick Decision-Making:
With clear visual cues (dots and color-coded lines), traders can quickly assess market conditions without needing to analyze multiple charts or indicators.
Improved Confluence:
The oscillator’s signals can easily be combined with other tools like VWAP, Volume Profile, or Order Flow indicators for more confident trade decisions.
When to Use It
Trending Markets:
Use the dynamic zero line to confirm the market’s direction and align trades accordingly.
Breakout Opportunities:
Look for periods of increasing ATR (dots moving higher) to anticipate high-volatility breakout scenarios.
Avoiding Noise:
During consolidation (gray zero line), this oscillator warns traders to wait for clearer signals before entering trades.
Support and Resistance Non-Repainting [AlgoAlpha]Elevate your technical analysis with the Non-Repainting Support and Resistance indicator from AlgoAlpha. Designed for traders who value precision, this tool highlights key support and resistance zones without repainting, ensuring reliable signals for better market decisions.
Key Features
🔍 Concise Zones: Identifies critical levels in real-time without repainting.
🖍 Customizable Appearance: Choose your preferred colors for bullish and bearish zones.
📏 Pivot Sensitivity Settings: Adjust the lookback period to fit different market conditions.
🔔 Visual Alerts: Highlights zones on your chart with clear, dynamic boxes and lines.
How to Use
Add the Indicator : Add it to your favorites chart by clicking the star icon. Adjust the lookback period, max zone duration, and colors to match your strategy.
Analyze the Chart : Look for zones where prices frequently react, indicating strong support or resistance.
Set Alerts : Enable notifications for new zone formations and zone invalidations, ensuring you never miss critical market moves.
How It Works
The indicator detects pivot highs and lows using a specified lookback period. When a pivot is confirmed, it draws corresponding support or resistance zones using TradingView’s built-in drawing tools. These zones extend until price breaks through them or they expire based on a maximum allowed duration. The indicator continuously checks if price interacts with any active zones and adjusts accordingly, ensuring accurate and real-time visualization.
VIX OscillatorOVERVIEW
Plots an oscillating value as a percentage, derived from the VIX and VIX3M . This can help identify broader market trends and pivots on higher time frames (ie. 1D), useful when making swing trades.
DATA & MATH
The VIX is a real-time index of expected S&P 500 volatility over the next 30 days, derived from option prices with near-term expirations. Similarly, the VIX3M measures expected volatility over the next 90 days.
Dividing one by the other yields an oscillating value, normalizing the relative strength of the expected volatility. Most commonly the VIX is divided by the VIX3M. However, because the VIX is inversely correlated to market sentiment (typically), this indicator divides the VIX3M by the VIX to visually correlate the plot direction with the anticipated market direction. Further, it subtracts 1.1 from the quotient to visually center the plot, and multiplies that difference by 100 to amplify the value as a percentage:
( VIX3M / VIX - 1.1 ) * 100
This variation makes identifying sentiment extremes easier within a buy-low-sell-high paradigm, where values below zero are bearish and values above zero are bullish.
PLOTS
Two plots are used, maximizing data fidelity and convenience. Candles are used to accurately reflect the quantized math and a Linear Regression is used to simplify contextualization. If you're not familiar with what a Linear Regression is, you can think of it like a better moving average. High / Low zones are also plotted to help identify sentiment extremes.
This combination allows you to quickly identify the expected sentiment (bullish / bearish) and its relative value (normal / extreme), which you can then use to anticipate if a trend continuation or pivot is more likely.
INPUTS
Candle colors (rise and fall)
Linear regression colors and length
Zone thresholds and zero line
