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Bias

Zahorchak MeasureCreator: Michael G. Zahorchak. References: The Art of Low Risk Investing by Michael G. Zahorchak, 1977. Unfortunately, it's all but impossible to find a copy these days. The Complete Guide to Market Breadth Indicators by Gregory L. Morris, 2006. A fantastic resource for those interested in Technical Analysis or creating their own trend based system. Two articles by Greg Morris on the Zahorchak Measure. I can't link to them under the House Rules, but they are easily searchable. The Zahorchak Measure (ZM) is designed to give you a market bias (either uptrend or downtrend) which you can use to determine a trade bias for ETF's or stocks. ZM works by taking multiple moving averages of the NYSE Composite, a moving average of the NYSE advance decline line, and examining the relationship between those elements. Broadly, the market is considered to be in a uptrend when ZM is above zero, and a downtrend when below. However, there are many ways to interpret the indicator. The version created by Greg Morris is more akin to a binary indicator in that ZM jumps from number to number. This version is smoothed to create an oscillator as it reduces whipsaws (at the expense of lag). You can set the EMA Length to 1 to go back to the original. Some notes: Michael Zahorchak called it the "Zahorchak Method", whereas Greg Morris uses the term "Measure". I'm not totally clear on the change, but Mr. Morris made some changes (covered below), so that may explain the altered name. The original indicator used moving averages of 5, 15, and 40 weeks. I have converted these to daily numbers as that's the time frame I most commonly trade. You can convert the numbers back by dividing by 5. The original indicator used the Dow Industrials for the moving averages, however Greg Morris switched to the NYSE Composite due to the advance decline line being based on the NYSE. Greg Morris removed the 5 period moving average of the NYSE Composite, as it created increased volatility at market tops and bottoms. I tested ZM with the 5 period MA added back in, and I believe removing it creates a superior indicator. I've added both Multi Time Frame functionality, and the ability to alter moving average lengths. Play around and see what you can come up with. ZM oscillates between -10 and +10. There are some interesting levels creating between these two numbers (apart from the obvious zero level) - see what you can come up with. All credit goes to Michael Zahorchak and Greg Morris for the indicator creation. I have simply reproduced their work for the TradingView community as this great indicator wasn't available. Any queries let me know in the comments or PM me. DD.
Indicateur Pine Script™
par DreamsDefined
12
Bias And Sentiment Strength (BASS) Indicator by mattzabBias And Sentiment Strength (BASS) Indicator is designed to be a quick visualization as to the market strength. Pair with Alligator, MACD, or Moving Average lines on your chart for good results. How to use this indicator: Blue above 0 is positive sentiment, red below 0 is negative sentiment. If you have blue above and red below, be cautious! The Bass is telling you that we have a battle between the Bulls and the Bears! The purple bars are your volume bias. Volume bias can be positive or negative, despite the direction of the overall trend. Positive Volume Bias along with Bullish Blue Sentiment is a great sign! Go Long! If you have Bullish Sentiment and have a negative Volume Bias, be cautious! Price may not be moving with much conviction, and may be subject to reversal! This is basically several different histograms overlaying one another, and they are blue above 0 and red below 0. MACD Histogram - Standard MACD Histogram here. RSI Histogram - This is a standard RSI. It has been adjusted to "oscillate" above and below zero, which would be the 50 line on a normal RSI chart. Slow Stochastic Histogram - This is a slow stochastic with a 21 Period K, 14 Period D, and 14 Smoothing K. The "oscillator" histogram is formed by subtracting K from D. Awesome Oscillator - This is a standard Awesome Oscillator Alligator Oscillator - This is formed by adding (lips + teeth) + (teeth - jaw) Volume Bias - The Volume Bias is displayed as purple bars, and is calculated by a highly sophisticated and complex algorithmic function called subtraction. It's just the 30 Period Volume-Weighted Moving Average Minus the 30 Simple Moving Average. Enjoy!
Indicateur Pine Script™
par mattzab
28
Fancy Moving Average [BigBitsIO]This script is for a single moving average with as many features as I can possibly fit into a single moving average. If you can think of more, or have questions regarding this script, please message me or contact me via social media. Features: - A single moving average (MA). - Standard MA inputs. - MA type. - MA period. - MA price. - MA resolution (time frame). - Visibility toggle. - Fancy MA inputs. - Toggle to show only candles included in the MA calculation ("Highlight inclusion") or display entire MA history. - Toggle to show a ghost trail when Highlight inclusion is toggled on. Displays a shaded version of past MA history before the inclusion period (as seen on snapshot). - Toggle to show forecast values for the MA. - Other inputs related to forecasting: - Forecast bias. (Neutral forecasts MA if the current price remains the same.) - Forecast period. - Forecast magnitude. *** DISCLAIMER: For educational and entertainment purposes only. Nothing in this content should be interpreted as financial advice or a recommendation to buy or sell any sort of security or investment including all types of crypto. DYOR, TYOB. ***
Indicateur Pine Script™
par BigBitsIO
3
Scripting Tutorial 7 - Triple Many Moving Averages ResolutionsThis script is for a triple moving average indicator where the user can select from different types of moving averages, price sources, lookback periods and resolutions. Features: - 3 Moving Averages with variable MA types, periods, price sources, resolutions and the ability to disable each individually - Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA ) - Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA. - Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market. - To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked to my profile. This script is meant as an educational script with well-formatted styling, and references for specific functions.
Indicateur Pine Script™
par BigBitsIO
2
Scripting Tutorial 6 - Triple Many Moving Averages ForecastingThis script is for a triple moving average indicator where the user can select from different types of moving averages, price sources and lookback periods. Features: - 3 Moving Averages with variable MA types, periods, price sources and ability to disable each individually - Crossovers are plotted on the chart with detailed information regarding the crossover (Ex: 50 SMA crossed over 200 SMA ) - Forecasting available for all three MAs. MA values are forecasted 5 values out and plotted as if a continuation to the MA. - Forecast bias also applies to all forecasting. Bias means we can forecast based on an anticipated bullish, bearish or neutral direction in the market. - To understand bias, please read the source code, or if you can't read the code just send me a message on here or Twitter. Twitter should be linked on my profile. This script is meant as an educational script with well-formatted styling, and references for specific functions.
Indicateur Pine Script™
par BigBitsIO
6
ZenTrading MTFA Trend TerritoryBetaversion This is a multiple timeframe analysis script using ichimoku that checks where price (close) is on different timeframes. Green : Price is in bullish territory Orange : Price is in consolidation Red: Price is in bearish territory. The script looks at 15 min, 1 Hr, 4 HR, D, W, M timeframes. Not all will be relevant (depending on trading timeframe and on asset). Possible to toggle timeframes on and off (15 min and M timeframes may not be relevant for the asset or timeframe you trade on, switch them off for a cleaner chart)
Indicateur Pine Script™
par DariusZen
B3 LSR Strategy- "Price Leading MovAvg"B3 Least Squares Regression or "LSR" is very similar to the mid-line at the end of a linear regression channel, except that in a linear regression you cannot see the history of the regression well. There is also the linear regression and least squares curves in some platforms, and this would also be a similar indicator. The smoothness of my indicator and the back-to-basics approach to the mathematics sets it apart from the others. The look of this MA on a chart speaks for itself. Some people like the flow of this indicator, as it will actually shoot out ahead of price. Most moving averages trail the price action; this one doesn't do that for long before it catches the price or begins to lead price. It isn't necessarily a future price predictor; think of it as a slope stylist. The slope of this indicator determines all painting and signals for the strategy. There are two available versions: with or without order placement.
Stratégie Pine Script™
par HammondB3
4
Volume Plus (Volume+)View Total Volume, Bull Volume, and/or Bear Volume. View Volume Effectiveness to reveal how Volume has effected the price. View the Moving Average of any of the above metrics, selecting one or more types of moving averages(SMA, EMA, RMA, SWMA, VWMA, WMA, or ALMA). Create nearly infinite crossovers by activating the Secondary Moving Average and choosing a longer or shorter Length. Use the highlighter to quickly filter out noise and focus the events you're searching for, by choosing one or more highlight-scenarios from the Highlighting Menu. Use the Average Amplifier to fine tune your Highlighting results. Use as an ordinary Volume Indicator Show the Bullish volume within Total Volume Show the Bearish volume within Total Volume Show the Bullish and Bearish volume simultaneously within Total Volume Create crossovers like this one, Bullish Volume Average with Bearish Volume Average Show the gas mileage of volume, the Volume Effectiveness Create crossovers like this, Volume Effectiveness 14 with Volume Effectiveness 60 Use Amplifiers to show things that are usually out of scale with one another, like Volume Effectiveness with Volume Use the Highlighter to show anything, like here, when Bearish Volume was above average AND Volume Effectiveness was under average From left to right, the Indicator Values are as follows: 1) Total True Volume (red, green, or gray when viewed alongside Bulls/Bears) 2) Volume Winner - Bulls v/s Bears (red or green) 3) Volume Loser - Bulls v/s Bears (red or green) 4) Volume Effectiveness (blue) 5) Design Spacer - Ignore This (green) 6) Design Spacer - Ignore This (red) 7) Total True Volume Primary Moving Average (dark gray) 8) Total True Volume Secondary Moving Average (dark gray) 9) Inferred Bullish Volume Primary Moving Average (dark green) 10) Inferred Bullish Volume Secondary Moving Average (dark green) 11) Inferred Bearish Volume Primary Moving Average (dark red) 12) Inferred Bearish Volume Secondary Moving Average (dark red) 13) Volume Effectiveness Primary Moving Average (blue) 14) Volume Effectiveness Secondary Moving Average (blue) Click the sprocket and you'll find the following settings (which are explained below): Total True Volume - This is your everyday, ordinary volume indicator, a total sum of the volume from each candle. Inferred Bullish Volume - This subtracts Bearish Volume out of the Total True Volume. But without the bull-volume data from the exchange, we can only forensically infer the bullish volume by evaluating OHLC data to guess what ratio of upward v/s downward movement happened within the candle. Inferred Bearish Volume - This subtracts Bullish Volume out of the Total True Volume. But without the bear-volume data from the exchange, we can only forensically infer the bearish volume by evaluating OHLC data to guess what ratio of downward v/s upward movement happened within the candle. Volume Effectiveness - This shows how much price movement occurred for each unit of Volume, by dividing the Price Change of each candle by the Total True Volume of each candle. If this volume were gas-mileage, then Volume would be the gas and Price would be the mileage. • Inferred Effectiveness - Rather than using the Price Change divided by the Total True Volume, this method of determining Volume Effectiveness uses the Total Price-Mileage divided by the Total True Volume. The Total Price-Mileage is determined by figuring the high minus low, the wick times two, and the tail times two, and ad
Indicateur Pine Script™
par jdhadwin
34
[tududu] Pullbacks and Directional BiasQuick analysis for TRENDING markets. This script tracks trend and 3 pullbacks ranges from n-bar max/lows. Pullback values are floats so ranges can be < 1% for intraday trading. On top of it, it also provides non-lagging "directional bias" candle colors by tracking the earliest possible swing highs. Also, thanks for the 100+ likes on my previous script ("Day Trade Suite"). --- Script para análise de mercados em tendência. O script marca 3 faixas de pullbacks a partir das máximas ou mínimas de x-barras (valores precisam ser manualmente ajustados para diferentes mercados, mas em uma próxima versão pretendo incluir algum tipo de análise automatizada de volatilidade). Programado para timeframe diário, porém é possível configurar as faixas de pullback para menos de 1% (ex. 0.5) para daytrade. Além disso, o script também fornece barras de cores direcionais com pouco atraso, detectando swing highs em formação. Obrigado por todas as curtidas no meu script anterior ("Day Trade Suite") !
Indicateur Pine Script™
par tududu
5