Nimu Market on Demand

30 déc. 2024

Nimu Market On Demand is an innovative tool designed to provide a visual representation of market demand levels on a scale of 1 to 100. This scale is displayed at specific intervals [0, 20, 40, 60, 80, 100], making it easy for users to understand market demand fluctuations in real time.

To enhance analysis, Nimu Market On Demand also incorporates the Relative Strength Index (RSI) with key thresholds at [70, 30]. RSI is a widely-used technical indicator that measures market strength and momentum, offering insights into overbought (excessive buying) or oversold (excessive selling) conditions.

The combination of the Demand graph and RSI enables users to:

Identify the right time to buy when the RSI falls below 30, signaling an oversold condition.
Determine the optimal time to sell when the RSI rises above 70, indicating an overbought condition.
With an integrated visualization, users can effortlessly observe demand patterns and combine them with RSI signals to make smarter and more strategic trading decisions. This tool is designed to help traders and investors maximize opportunities in a dynamic market environment.

31 déc. 2024

Notes de version

We’ve made significant improvements and added new features to the Nimu Market Indicator, enhancing its functionality for better trend analysis and trading signals.

Key Updates:
Multiple Timeframes Integration:

The script now incorporates three distinct timeframes (t1, t2, t3), which are dynamically calculated and plotted using Exponential Moving Averages (EMAs). This provides a more comprehensive view of the market's trend, enabling users to track multiple timeframes simultaneously.
Pattern Recognition Enhancement:

New candlestick patterns have been added to the system. We can now identify patterns like "Invented Hammer," "Shooting Star," "Doji," and more. The identification of these patterns gives clearer insights into potential market reversals or continuations.
Table Updates:

A new table layout has been introduced with added clarity in the display of Demand, Price, Profit/Loss, Trend, and Action.
Each row now shows the trend, RSI, price levels, and an associated action (e.g., Buy/Sell signals), making the data more accessible and actionable.
Enhanced Trend and RSI Color Coding:

RSI values are now clearly color-coded: values above 70 are white (indicating overbought conditions), and those below 30 are white (indicating oversold conditions). This visual aid simplifies the decision-making process when evaluating overbought or oversold market conditions.
Trend background colors have been refined to show the strength of the trend, with gradient colors from green (strong) to red (weak) for better differentiation.
New Calculations:

Additional logic has been introduced for calculating percentage changes in price, which directly impacts the P/L column of the table. This is crucial for determining the profitability of trades at each given point.
We now calculate the trend strength with a more precise approach using both body and wick sizes of candlesticks to provide more accurate market analysis.
RSI-Based Trading Signals:

The update introduces automatic RSI-based trading signals: when the RSI value is above 70, the system flags a potential sell signal, and when it’s below 30, it flags a buy signal. This makes it easier to spot potential reversal points in the market.
Visual Adjustments:

A cleaner visual layout for all plots, with the option to change colors to suit individual preferences.
Background color changes for the trend and RSI values based on their respective thresholds make trends and signals easier to spot at a glance.
Conclusion:
With these updates, the Nimu Market Indicator offers a more robust and intuitive tool for traders. The enhanced table functionality, pattern recognition, and multi-timeframe analysis provide deeper insights into market trends and trading opportunities. The color-coded RSI and trend indicators help in making quicker and more informed decisions. The goal is to empower traders with actionable data and insights directly on their charts.

hier

Notes de version

This script is a TradingView Pine Script (v6) designed to analyze market trends, visualize price movements, and provide insights using tables, trend-based plotting, and RSI (Relative Strength Index). It integrates custom functions, visual components, and data table generation.

Key Features:
Inputs:

Configurable training and lookback periods for trend analysis.
Customizable timeframes for multi-timeframe analysis.
Colors for bullish/bearish conditions with varying strengths.
Custom Functions:

getPLColor and getPLColorBackground: Determine the P/L (Profit/Loss) coloring.
getRSIColorBackground: Generates background color based on RSI values.
getDemandColor and getDemandColorBackground: Color mapping for demand levels.
SetTimeFrame: Handles multi-timeframe data requests.
Trend Analysis:

Computes body, wick, and trend proportions for bullish and bearish candles.
Generates labels based on trend strength.
Table Visualization:

marketTable: Displays demand, price, P/L, trend, and action insights.
marketPrice: Shows price breakdowns (low, body, high) with trend-related colors.
Multi-Timeframe Support:

Integrates EMA (Exponential Moving Average) calculations for user-defined timeframes.
RSI and Trend Integration:

Plots RSI and demand with dynamic coloring for visual emphasis.
Generates tooltips and dynamic labels based on trend strength and RSI values.

hier

Notes de version

Small Update for Demand and Supply

hier

Notes de version

Small Update for Performance

il y a 20 heures

Notes de version

Update Color Adjustment for Table