ADD 2This is a modification to the original ADD script by Tom1trader
I added the option to choose the timeframe, moving average type and length.
Note from the original script:
"This is the NYSE Advancers - decliners which the SPX pretty much follows. You can chart it like any index (ADD -NYSE $ADV MINUS $DECL) but I find it more useful in a separate panel with colors for direction.
The level gives an idea of days move (example: plus or minus 500 is not much movement through the session) but I follow the direction as when more stocks advance (green) or decline (red) the index tends to track it pretty closely.
On SPX , SPY and correlates - very useful for intra-day trading (Scalping or 0DTE option trades) but not for higher time frames at all. If you chart the ADD in a chart and compare 5 minute to daily you will see what I mean."
Spy500
Compare Price Momentum Oscillator [CC]The Compare Price Momentum Oscillator was created by Vitali Apirine (Stocks and Commodities Aug 2020 pg 16) and this is a handy indicator to compare the momentum of the current symbol you are looking at to the s&p to determine the relative strength of the underlying security. Buy when the line turns green and sell when it turns red.
Let me know if there are any other scripts you would like to see me publish!
Darkpool FinderThis script is designed to located darkpool prints on SPY.
If you do not know what a darkpool is, please research into it.
Essentially, darkpools print at 8 am EST premarket almost everyday. When price hits these pockets, it is usually quite reactive to it since there are a large number of orders in that pocket.
When the script finds a darkpool print, it will plot the line until price hits the pocket, once the pocket is hit, the orders are filled entirely, hence the line will stop plotting. These pockets are only filled in the New York Cash session, if it isn't hit the day its printed, it remains open until it is filled.
For this script to work correctly, the user must have the Arca data exchange paid for since this is the only data that will show the wick prints during the premarket.
Once the correct data is enabled, use the 1-5 minute candles for the plots to render correctly, you may have to use each one for best results.
Even though this script was made for SPY, it works on any ticker because any equity ticker has darkpool prints.
So if you want to use the script on other tickers besides SPY, you must purchase the according exchange data or the script will not work!
If you are in a different time-zone other than EST, you must configure the inputs in the script to match the 8 AM EST time for the script to print properly.
Darkpools are not an end all be all play, sometimes its a coinflip, its just another tool in you toolbox to help determine your move in the market.
Stochastic & SPY StochasticUsing this indicator you will be able to use the standard stochastic of a stock ticker as well as the stochastic of the S&P 500 (SPY) index simultaneously and without changing charts - both stochastics combined in only one indicator.
The S&P 500 (SPY) stochastic is displayed with higher transparency. The degree of transparency and default color settings can be adjusted in the indicator settings.
For special analysis purposes, it is possible to display only the stochastic of the selected stock ticker or only the stochastic of the S&P 500 (SPY) index.
Sentimental VolumeThe help's to understand volume trend with respect to price. It also show's the average volume. Volume unit are in Million's
