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Wick to Body Ratio TableHello, I'm Gomaa if don't know me and if you want to know more about me follow me on my social media accounts which my propose to teach people "How To Learn". Use this link so you can find me: linktr.ee Overview The "Wick to Body Ratio Table" is a comprehensive analytical tool designed to provide traders with detailed insights into candle structure and price movement dynamics. This indicator breaks down each candle into its component parts and displays real-time statistics in an easy-to-read table format. What It Does This indicator analyzes the current candle and displays four key metrics for each component: Ratio to Body - How large each wick is compared to the candle body Percentage of Total - What portion of the entire candle each component represents Move Percentage - The actual price movement as a percentage from the opening price Component breakdown - Upper wick, body, lower wick, and totals Key Features Real-Time Analysis: Updates automatically with every price tick on the current candle Works seamlessly across ALL timeframes (1 second to monthly charts) No lag or delay in calculations Comprehensive Metrics: Upper Wick: Shows rejection from higher prices and selling pressure Closed Body: Displays the actual price change from open to close (bullish=green, bearish=red) Lower Wick: Indicates rejection from lower prices and buying pressure Total Wick: Combined wick analysis for overall volatility assessment Whole Candle: Complete range from high to low with total movement percentage Visual Design: Color-coded rows for easy identification Clear headers for each metric column Positioned at top-right of chart (non-intrusive) Professional table format with borders and proper spacing How to Interpret the Data Ratio to Body Column: A ratio of 2.0x means that component is twice the size of the body N/A appears for doji candles (when body = 0) Higher ratios indicate stronger rejection or indecision % of Total Column: Shows what percentage each part contributes to the whole candle All percentages always add up to 100% Helps identify if price spent more time in wicks or body Move % Column: Calculated from the opening price Shows actual volatility during the candle period Example: 0.5% body with 3% total candle = high volatility but little net movement Trading Applications 1. Rejection Analysis: Long upper wicks at resistance = strong selling pressure Long lower wicks at support = strong buying pressure Wick-to-body ratios above 2:1 suggest significant rejection 2. Volatility Assessment: Compare body move % to whole candle move % Large difference indicates choppy price action Small difference indicates trending movement 3. Candle Patterns: Identify doji, hammer, shooting star patterns quantitatively Measure strength of pin bars and rejection candles Compare current candle structure to historical patterns 4. Market Sentiment: Body % > 70% = strong directional movement Wick % > 60% = indecision and rejection Balanced distribution = consolidation Settings & Customization Table position can be modified in the code (top_right, top_left, bottom_right, bottom_left) Colors can be adjusted for different components Text size can be changed (size.small, size.normal, size.large) Decimal precision can be modified in the str.tostring() functions Best Practices Use on higher timeframes (15m+) for more reliable signals Combine with support/resistance levels for context Look for extreme ratios (>3:1) for high-probability setups Monitor the move % to gauge true volatility vs. net movement Technical Details Written in Pine Script v5 Zero division protection built-in Handles all edge cases (gaps, doji, extreme wicks) Lightweight and efficient (minimal CPU usage)
Indicateur Pine Script®
par gomaa199910
EMA/SMA Crossover Signals📊 EMA/SMA Crossover Signals A professional trading indicator that identifies golden and death crosses between a customizable EMA and SMA with clear BUY/SELL labels displayed directly on your chart. 🎯 Key Features: ✅ Customizable Moving Averages - Adjust both EMA and SMA periods to match your trading strategy ✅ Clear Signal Labels - Large, color-coded "BUY" and "SELL" labels that are impossible to miss ✅ Adjustable Label Positioning - Control the vertical distance of signal labels from price action ✅ Professional Color Customization - Change colors for both moving averages and signals to match your theme ✅ Label Size Options - Choose from 4 different sizes (Tiny, Small, Normal, Large) ✅ Audio Alerts - Get notified instantly when crossovers occur ✅ Overlay Display - Signals appear directly on your price chart for better context 📈 How It Works: 🟢 BUY Signal: Triggered when the EMA crosses above the SMA (bullish crossover) 🔴 SELL Signal: Triggered when the EMA crosses below the SMA (bearish crossover) ⚙️ Customizable Settings: Moving Averages: - EMA Period (Default: 8) - SMA Period (Default: 200) Colors: - EMA Color - SMA Color - Buy Signal Color - Sell Signal Color Signal Settings: - Signal Vertical Offset - Label Vertical Offset - Label Size 💡 Best For: - Day Trading (1-5 min timeframes) - Swing Trading (4H-Daily) - Trend Following Strategies - Identifying momentum shifts - Confirming market structure changes 🔔 Perfect for traders using ICT, Wyckoff, and institutional trading methodologies Use this indicator as part of your complete trading system. Always combine with proper risk management and additional confluence factors.
Indicateur Pine Script®
par julioperez75955
TMT 1M HA Scalping INDICATOR - Hitesh Nimje📊 TMT 1 Minute HA Scalping Strategy - Hitesh Nimje 🎯 Strategy Overview A 1-minute scalping strategy designed for high-frequency trading using Heikin Ashi-inspired crossover logic with multiple filters for precision entries. 🔧 Key Components 1. Moving Averages (Trend Detection) LineTypePeriodColorPurposeFast SMASimple MA9🔵 BluePrimary signal lineSlow SMASimple MA21🔴 RedSecondary confirmationTrend SMASMA (1H)50⚫ BlackOverall market trend bias 2. Entry Signals (Crossover Logic) 🔥 BUY Signal: Fast SMA (9) crosses ABOVE Slow SMA (21) 🔥 SELL Signal: Fast SMA (9) crosses BELOW Slow SMA (21) 3. Entry Filters (4-Layer Confirmation) ✅ LONG Entry = Crossover + Trend Up + RSI Overbought + Bar Confirmed ✅ SHORT Entry = Crossunder + Trend Down + RSI Oversold + Bar Confirmed longCond = sma_slope > 0 AND rsi >= 70 AND buySignal shortCond = sma_slope < 0 AND rsi <= 30 AND sellSignal FilterLongShortPurposeTrend Slopesma_slope > 0sma_slope < 0Market directionRSI FilterRSI >= 70RSI <= 30Momentum extremeCrossoverFast > SlowFast < SlowEntry triggerBar Statebarstate.isconfirmedbarstate.isconfirmedNo repaint ⚡ Risk Management Stop Loss (Dynamic ATR-based) Long SL = Lowest Low (7) - 1×ATR(14) Short SL = Highest High (7) + 1×ATR(14) Take Profit (1:1 Risk-Reward) Long TP = Entry + (Entry - SL distance) Short TP = Entry - (SL distance - Entry) ⏰ Trading Hours 📅 Active: 00:00 - 14:59 (3:00 PM cutoff) 🛑 Auto-close: All positions closed at 15:00 🎨 Visual Elements 📍 BUY Labels: 🟢 Green (below bar) 📍 SELL Labels: 🔴 Red (above bar) 📈 Fast SMA: 🔵 Blue line (9-period) 📉 Slow SMA: 🔴 Red line (21-period) 📊 Trend SMA: ⚫ Black line (50-period, 1H) ⚙️ Input Parameters ParameterDefaultPurposeEnd of Day1500 (3 PM)Auto-close timeLot Size1Position size 🚀 How It Works (Step-by-Step) 1. Monitor Fast(9) vs Slow(21) SMA crossover 2. Check 1H Trend SMA slope (up/down bias) 3. Validate RSI extreme (70+/30-) 4. Wait for bar confirmation 5. Enter with ATR-based SL & 1:1 TP 6. Auto-exit at 3 PM or SL/TP hit 💡 Strategy Strengths * ✅ Multi-timeframe trend filter * ✅ RSI momentum confirmation * ✅ Dynamic ATR stop losses * ✅ No repaint signals * ✅ End-of-day risk control * ✅ 1:1 Risk-Reward consistency Perfect for 1-minute scalping on volatile instruments! 🔥 © Hitesh Nimje | Thought Magic Trading Contact: 8087192915 TRADING DISCLAIMER RISK WARNING Trading involves substantial risk of loss and is not suitable for all investors. Past performance is not indicative of future results. You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. NO FINANCIAL ADVICE This indicator is provided for educational and informational purposes only. It does not constitute: * Financial advice or investment recommendations * Buy/sell signals or trading signals * Professional investment advice * Legal, tax, or accounting guidance LIMITATIONS AND DISCLAIMERS Technical Analysis Limitations * Pivot points are mathematical calculations based on historical price data * No guarantee of accuracy of price levels or calculations * Markets can and do behave irrationally for extended periods * Past performance does not guarantee future results * Technical analysis should be used in conjunction with fundamental analysis Data and Calculation Disclaimers * Calculations are based on available price data at the time of calculation * Data quality and availability may affect accuracy * Pivot levels may differ when calculated on different timeframes * Gaps and irregular market conditions may cause level failures * Extended hours trading may affect intraday pivot calculations Market Risks * Extreme market volatility can invalidate all technical levels * News events, economic announcements, and market manipulation can cause gaps * Liquidity issues may prevent execution at calculated levels * Currency fluctuations, inflation, and interest rate changes affect all levels * Black swan events and market crashes cannot be predicted by technical analysis USER RESPONSIBILITIES Due Diligence * You are solely responsible for your trading decisions * Conduct your own research before using this indicator * Verify calculations with multiple sources before trading * Consider multiple timeframes and confirm levels with other technical tools * Never rely solely on one indicator for trading decisions Risk Management * Always use proper risk management and position sizing * Set appropriate stop-losses for all positions * Never risk more than you can afford to lose * Consider the inherent risks of leverage and margin trading * Diversify your portfolio and trading strategies Professional Consultation * Consult with qualified financial advisors before trading * Consider your tax obligations and legal requirements * Understand the regulations in your jurisdiction * Seek professional advice for complex trading strategies LIMITATION OF LIABILITY Indemnification The creator and distributor of this indicator shall not be liable for: * Any trading losses, whether direct or indirect * Inaccurate or delayed price data * System failures or technical malfunctions * Loss of data or profits * Interruption of service or connectivity issues No Warranty This indicator is provided "as is" without warranties of any kind: * No guarantee of accuracy or completeness * No warranty of uninterrupted or error-free operation * No warranty of merchantability or fitness for a particular purpose * The software may contain bugs or errors Maximum Liability In no event shall the liability exceed the purchase price (if any) paid for this indicator. This limitation applies regardless of the theory of liability, whether contract, tort, negligence, or otherwise. REGULATORY COMPLIANCE Jurisdiction-Specific Risks * Regulations vary by country and region * Some jurisdictions prohibit or restrict certain trading strategies * Tax implications differ based on your location and trading frequency * Commodity futures and options trading may have additional requirements * Currency trading may be regulated differently than stock trading Professional Trading * If you are a professional trader, ensure compliance with all applicable regulations * Adhere to fiduciary duties and best execution requirements * Maintain required records and reporting * Follow market abuse regulations and insider trading laws TECHNICAL SPECIFICATIONS Data Sources * Calculations based on TradingView data feeds * Data accuracy depends on broker and exchange reporting * Historical data may be subject to adjustments and corrections * Real-time data may have delays depending on data providers Software Limitations * Internet connectivity required for proper operation * Software updates may change calculations or functionality * TradingView platform dependencies may affect performance * Third-party integrations may introduce additional risks MONEY MANAGEMENT RECOMMENDATIONS Conservative Approach * Risk only 1-2% of capital per trade * Use position sizing based on volatility * Maintain adequate cash reserves * Avoid over-leveraging accounts Portfolio Management * Diversify across multiple strategies * Don't put all capital into one approach * Regularly review and adjust trading strategies * Maintain detailed trading records FINAL LEGAL NOTICES Acceptance of Terms * By using this indicator, you acknowledge that you have read and understood this disclaimer * You agree to assume all risks associated with trading * You confirm that you are legally permitted to trade in your jurisdiction Updates and Changes * This disclaimer may be updated without notice * Continued use constitutes acceptance of any changes * It is your responsibility to stay informed of updates Governing Law * This disclaimer shall be governed by the laws of the jurisdiction where the indicator was created * Any disputes shall be resolved in the appropriate courts * Severability clause: If any part of this disclaimer is invalid, the remainder remains enforceable REMEMBER: THERE ARE NO GUARANTEES IN TRADING. THE MAJORITY OF RETAIL TRADERS LOSE MONEY. TRADE AT YOUR OWN RISK. Contact Information: * Creator: Hitesh_Nimje * Phone: Contact@8087192915 * Source: Thought Magic Trading © HiteshNimje - All Rights Reserved This disclaimer should be prominently displayed whenever the indicator is shared, sold, or distributed to ensure users are fully aware of the risks and limitations involved in trading.
Indicateur Pine Script®
par HiteshNimje_2026
ATR/ADR MTF Projection ArrayATR/ADR MTF Projection Array Overview A powerful predictive tool that projects ATR (Average True Range) and ADR (Average Daily Range) levels as clean support and resistance arrays on your chart. Designed for traders who want to anticipate the high and low of the day using volatility-based projections with multi-timeframe confluence. This indicator combines traditional ATR analysis with ICT-style ADR methodology, giving you institutional-grade level projections from a single, customizable tool. Key Features 🎯 Dual Volatility Metrics ATR Projections — Classic volatility-based levels with full multi-timeframe support ADR Projections (ICT Style) — Average Daily Range levels using Inner Circle Trader methodology Enable/disable each independently based on your trading preference 📊 Multi-Timeframe ATR Analysis Plot ATR levels from up to 3 timeframes simultaneously (Daily, Weekly, Monthly or custom) Each timeframe displays with distinct styling for easy identification Perfect for confluence trading across multiple time horizons ⚡ ICT ADR Methodology NY Midnight calculation mode (ICT standard) or Classic Daily Key ICT levels built-in: 1/3 ADR (Judas Swing) — Critical manipulation level where fake moves often terminate 1/2 ADR — Mid-range reference 2/3 ADR — Trending day continuation target 100% ADR — Full daily range completion 150% ADR — Extension target for expansion days Two projection modes: Static (from anchor) or Dynamic (from session high/low) 🔧 Flexible Anchor Points Previous Close (default) Daily Open Weekly Open Monthly Open Session Open 📈 Range Completion Tracking Real-time display of how much of the expected daily range has been consumed Visual status indicator helps identify when the day's move may be exhausted How To Use For Bias Confirmation: Establish your directional bias using your preferred method (trigger day, market structure, etc.) Monitor the 1/3 ADR level during London/NY open for potential Judas Swing (manipulation move) Target 2/3 to 100% ADR for your HOD/LOD objective For Target Setting: Use ATR levels as volatility-based profit targets ADR 100% level often marks session extremes When Range Used reaches 100%+, expect consolidation or reversal For Multi-Timeframe Confluence: Enable Weekly/Monthly ATR levels alongside Daily Look for clustering of levels across timeframes for high-probability zones Settings Guide Master Controls — Toggle ATR/ADR systems and bull/bear levels independently ATR Settings — Configure period, multiplier, anchor point, and select which timeframes to display ATR Level Multipliers — Choose which projection levels to show (0.5x, 0.75x, 1.0x, 1.25x, 1.5x) ADR Settings (ICT Style) — Select calculation mode (NY Midnight recommended), period (5 days is ICT standard), and projection mode ADR Level Selection — Toggle individual ICT levels (1/3, 1/2, 2/3, 100%, 150%) Visual Settings — Customize colors, line styles, labels, and info table position Alerts Included ATR 1.0x Bull/Bear Cross ADR 1/3 Judas Swing Zone (Bull/Bear) ADR 100% Range Completion (Bull/Bear)
Indicateur Pine Script®
par TSA_TimeSpaceAlgorithm
Evergito HH/LL 3 Señales + ATR SLHow to trade with the Evergito HH/LL 3 Signals + ATR SL indicator? Brief and direct explanation: General system logic: The indicator looks for actual breakouts of the high/low of the last 20 bars (HH/LL) and combines them with the position relative to the 200 SMA to filter the underlying trend. You have 3 types of signals that you can activate/deactivate separately: Signal When it appears What it means in practice Entry type V1 HH breakout + the close crosses above the 200 SMA (or the opposite in a short position) Very safe entry confirmed. The price has just validated the long/flat trend → safer and with a better ratio The most reliable (the original) V2 HH breakout but the price was already above the 200 SMA (or already below in a short position) Entry in an already established trend. Fewer “surprises”, more continuity Ideal for strong trends V3 Only the breakout of the HH or LL, without looking at the 200 SMA Aggressive entry/scalping on explosive breakouts. More signals, more noise. For times of high volatility. How to enter the market (simple rule): Wait for any of the 3 labels (V1, V2, or V3) to appear, depending on which ones you have activated. Enter at the close of that candle (or at the open of the next one if you are conservative). Automatic Stop Loss → the blue (long) or yellow (short) line that represents the ATR x2. Take Profit → you decide, but the indicator already gives you the visual reference for the risk (ATR x2), so 1:2 or 1:3 is usually very convenient. Practical example: You see a large green label “HH LONG V1” → you go long at the close of that candle. Stop right at the blue line (ATR x2 below the price). Typical target: 2x or 3x the risk (very common to reach it in a trend). Recommended use: Most traders leave only V1 activated → fewer signals but very high quality. Those who trade intraday or crypto usually combine V1 + V2. V3 only for news events or very volatile openings. In summary: Label = immediate entry Blue/yellow line = automatic stop And enjoy the move.
Indicateur Pine Script®
par myriamevintinneresusich_tracey
Evergito HH/LL 3 Señales + ATR SLHow to trade with the Evergito HH/LL 3 Signals + ATR SL indicator? Brief and direct explanation: General system logic: The indicator looks for actual breakouts of the high/low of the last 20 bars (HH/LL) and combines them with the position relative to the 200 SMA to filter the underlying trend. You have 3 types of signals that you can activate/deactivate separately: Signal When it appears What it means in practice Entry type V1 HH breakout + the close crosses above the 200 SMA (or the opposite in a short position) Very safe entry confirmed. The price has just validated the long/flat trend → safer and with a better ratio The most reliable (the original) V2 HH breakout but the price was already above the 200 SMA (or already below in a short position) Entry in an already established trend. Fewer “surprises”, more continuity Ideal for strong trends V3 Only the breakout of the HH or LL, without looking at the 200 SMA Aggressive entry/scalping on explosive breakouts. More signals, more noise. For times of high volatility. How to enter the market (simple rule): Wait for any of the 3 labels (V1, V2, or V3) to appear, depending on which ones you have activated. Enter at the close of that candle (or at the open of the next one if you are conservative). Automatic Stop Loss → the blue (long) or yellow (short) line that represents the ATR x2. Take Profit → you decide, but the indicator already gives you the visual reference for the risk (ATR x2), so 1:2 or 1:3 is usually very convenient. Practical example: You see a large green label “HH LONG V1” → you go long at the close of that candle. Stop right at the blue line (ATR x2 below the price). Typical target: 2x or 3x the risk (very common to reach it in a trend). Recommended use: Most traders leave only V1 activated → fewer signals but very high quality. Those who trade intraday or crypto usually combine V1 + V2. V3 only for news events or very volatile openings. In summary: Label = immediate entry Blue/yellow line = automatic stop And enjoy the move.
Indicateur Pine Script®
par myriamevintinneresusich_tracey
UM OBV with Signal (EMA/SMA/WMA/NWE)SUMMARY A visual OBV trend tool that highlights bullish and bearish volume pressure using smart smoothing and intuitive color-coding. ⸻ WHY THIS INDICATOR? There are only three variables you can adjust on a chart: price, volume, and time. I wanted a good volume indicator. ⸻ DESCRIPTION This tool extends classic On-Balance Volume with selectable trend smoothing (EMA, SMA, WMA, or NWE) and visual directional coloring on both OBV and the Signal line. Green shows bullish volume flow, red shows bearish volume flow. Optional crossover markers help confirm shifts in buying pressure. Nadaraya-Watson Regression (NWE) provides a smooth, non-MA alternative for filtering volume trend noise, and optional dual-NWE coloring helps reduce false flips in choppy markets. ⸻ THE CHART The indicator is added twice at the bottom; once with a 21 EMA and again with a 55 SMA. The chart has text and illustrations to show where the OBV flipped colors. More red equals more selling pressure. More green equals more buying volume or pressure. ⸻ DEFAULTS • OBV smoothing length = 3 • Signal = 21 EMA • Crossover bubbles are hidden/off by default ⸻ SUGGESTED USES • Combine with price structure, momentum, or volatility tools to confirm trend strength. • Try switching between EMA and NWE on faster intraday charts to see volume trend earlier. • Use crossover signals as secondary confirmation rather than standalone entries. • Use this indicator with your other favorite indicators for confirmation. • Select timeframes suitable to your style of trading. • I use the 30-minute, 6-hour, and Daily timeframes. • I question myself if I am buying something with this indicator being red. • Experiment with various timeframes and settings. ⸻ AUTHOR OBSERVATIONS OBV often turns before price—especially when volume surges ahead of breakout levels. NWE tends to smooth choppy OBV much better than traditional moving averages in noisy markets. Look for Signal color flips at key support/resistance or volatility inflection points. ⸻ ALERTS Right-click the indicator and choose Add alert… – two presets are available: • Bullish OBV Turning Up • Bearish OBV Turning Down
Indicateur Pine Script®
par UnderwearMillionaire
SPX Expected High & Low Move, S&R (Daily Manual update Req)This script enables users to manually plot the anticipated low and high price movements, while also visualizing both positive and negative gamma exposures. The anticipated low represents the projected downside threshold based on expected volatility, whereas the anticipated high reflects the potential upside boundary under similar conditions. Positive gamma indicates scenarios where option positions benefit from underlying price movements, enhancing convexity and reducing directional risk. Conversely, negative gamma highlights exposures where option positions lose value as the underlying price moves, amplifying directional risk and requiring active hedging. I use Barchart to manually update my personal chart each morning. I am not responsible for any information presented on their website. This is a reference to determine when and where to take profit etc.
Indicateur Pine Script®
par Terry_McGee_II
Credit Spread RegimeThe Credit Market as Economic Barometer Credit spreads are among the most reliable leading indicators of economic stress. When corporations borrow money by issuing bonds, investors demand a premium above the risk-free Treasury rate to compensate for the possibility of default. This premium, known as the credit spread, fluctuates based on perceptions of economic health, corporate profitability, and systemic risk. The relationship between credit spreads and economic activity has been studied extensively. Two papers form the foundation of this indicator. Pierre Collin-Dufresne, Robert Goldstein, and Spencer Martin published their influential 2001 paper in the Journal of Finance, documenting that credit spread changes are driven by factors beyond firm-specific credit quality. They found that a substantial portion of spread variation is explained by market-wide factors, suggesting credit spreads contain information about aggregate economic conditions. Simon Gilchrist and Egon Zakrajsek extended this research in their 2012 American Economic Review paper, introducing the concept of the Excess Bond Premium. They demonstrated that the component of credit spreads not explained by default risk alone is a powerful predictor of future economic activity. Elevated excess spreads precede recessions with remarkable consistency. What Credit Spreads Reveal Credit spreads measure the difference in yield between corporate bonds and Treasury securities of similar maturity. High yield bonds, also called junk bonds, carry ratings below investment grade and offer higher yields to compensate for greater default risk. Investment grade bonds have lower yields because the probability of default is smaller. The spread between high yield and investment grade bonds is particularly informative. When this spread widens, investors are demanding significantly more compensation for taking on credit risk. This typically indicates deteriorating economic expectations, tighter financial conditions, or increasing risk aversion. When the spread narrows, investors are comfortable accepting lower premiums, signaling confidence in corporate health. The Gilchrist-Zakrajsek research showed that credit spreads contain two distinct components. The first is the expected default component, which reflects the probability-weighted cost of potential defaults based on corporate fundamentals. The second is the excess bond premium, which captures additional compensation demanded beyond expected defaults. This excess premium rises when investor risk appetite declines and financial conditions tighten. The Implementation Approach This indicator uses actual option-adjusted spread data from the Federal Reserve Economic Database (FRED), available directly in TradingView. The ICE BofA indices represent the industry standard for measuring corporate bond spreads. The primary data sources are FRED:BAMLH0A0HYM2, the ICE BofA US High Yield Index Option-Adjusted Spread, and FRED:BAMLC0A0CM, the ICE BofA US Corporate Index Option-Adjusted Spread for investment grade bonds. These indices measure the spread of corporate bonds over Treasury securities of similar duration, expressed in basis points. Option-adjusted spreads account for embedded options in corporate bonds, providing a cleaner measure of credit risk than simple yield spreads. The methodology developed by ICE BofA is widely used by institutional investors and central banks for monitoring credit conditions. The indicator offers two modes. The HY-IG excess spread mode calculates the difference between high yield and investment grade spreads, isolating the pure compensation for below-investment-grade credit risk. This measure is less affected by broad interest rate movements. The HY-only mode tracks the absolute high yield spread, capturing both credit risk and the overall level of risk premiums in the market. Interpreting the Regimes Credit conditions are classified into four regimes based on Z-scores calculated from the spread proxy. The Stress regime occurs when spreads reach extreme levels, typically above a Z-score of 2.0. At this point, credit markets are pricing in significant default risk and economic deterioration. Historically, stress regimes have coincided with recessions, financial crises, and major market dislocations. The 2008 financial crisis, the 2011 European debt crisis, the 2016 commodity collapse, and the 2020 pandemic all triggered credit stress regimes. The Elevated regime, between Z-scores of 1.0 and 2.0, indicates above-normal risk premiums. Credit conditions are tightening. This often occurs in the build-up to stress events or during periods of uncertainty. Risk management should be heightened, and exposure to credit-sensitive assets may be reduced. The Normal regime covers Z-scores between -1.0 and 1.0. This represents typical credit conditions where spreads fluctuate around historical averages. Standard investment approaches are appropriate. The Low regime occurs when spreads are compressed below a Z-score of -1.0. Investors are accepting below-average compensation for credit risk. This can indicate complacency, strong economic confidence, or excessive risk-taking. While often associated with favorable conditions, extremely tight spreads sometimes precede sudden reversals. Credit Cycle Dynamics Beyond static regime classification, the indicator tracks the direction and acceleration of spread movements. This reveals where credit markets stand in the credit cycle. The Deteriorating phase occurs when spreads are elevated and continuing to widen. Credit conditions are actively worsening. This phase often precedes or coincides with economic downturns. The Recovering phase occurs when spreads are elevated but beginning to narrow. The worst may be over. Credit conditions are improving from stressed levels. This phase often accompanies the early stages of economic recovery. The Tightening phase occurs when spreads are low and continuing to compress. Credit conditions are very favorable and improving further. This typically occurs during strong economic expansions but may signal building complacency. The Loosening phase occurs when spreads are low but beginning to widen from compressed levels. The extremely favorable conditions may be normalizing. This can be an early warning of changing sentiment. Relationship to Economic Activity The predictive power of credit spreads for economic activity is well-documented. Gilchrist and Zakrajsek found that the excess bond premium predicts GDP growth, industrial production, and unemployment rates over horizons of one to four quarters. When credit spreads spike, the cost of corporate borrowing increases. Companies may delay or cancel investment projects. Reduced investment leads to slower growth and eventually higher unemployment. The transmission mechanism runs from financial conditions to real economic activity. Conversely, tight credit spreads lower borrowing costs and encourage investment. Easy credit conditions support economic expansion. However, excessively tight spreads may encourage over-leveraging, planting seeds for future stress. Practical Application For equity investors, credit spreads provide context for market risk. Equities and credit often move together because both reflect corporate health. Rising credit spreads typically accompany falling stock prices. Extremely wide spreads historically have coincided with equity market bottoms, though timing the reversal remains challenging. For fixed income investors, spread regimes guide sector allocation decisions. During stress regimes, flight to quality favors Treasuries over corporates. During low regimes, spread compression may offer limited additional return for credit risk, suggesting caution on high yield. For macro traders, credit spreads complement other indicators of financial conditions. Credit stress often leads equity volatility, providing an early warning signal. Cross-asset strategies may use credit regime as a filter for position sizing. Limitations and Considerations FRED data updates with a lag, typically one business day for the ICE BofA indices. For intraday trading decisions, more current proxies may be necessary. The data is most reliable on daily timeframes. Credit spreads can remain at extreme levels for extended periods. Mean reversion signals indicate elevated probability of normalization but do not guarantee timing. The 2008 crisis saw spreads remain elevated for many months before normalizing. The indicator is calibrated for US credit markets. Application to other regions would require different data sources such as European or Asian credit indices. The relationship between spreads and subsequent economic activity may vary across market cycles and structural regimes. References Collin-Dufresne, P., Goldstein, R.S., and Martin, J.S. (2001). The Determinants of Credit Spread Changes. Journal of Finance, 56(6), 2177-2207. Gilchrist, S., and Zakrajsek, E. (2012). Credit Spreads and Business Cycle Fluctuations. American Economic Review, 102(4), 1692-1720. Krishnamurthy, A., and Muir, T. (2017). How Credit Cycles across a Financial Crisis. Working Paper, Stanford University.
Indicateur Pine Script®
par EdgeTools
Volatility-Dynamic Risk Manager MNQ [HERMAN]Title: Volatility-Dynamic Risk Manager MNQ Description: The Volatility-Dynamic Risk Manager is a dedicated risk management utility designed specifically for traders of Micro Nasdaq 100 Futures (MNQ). Many traders struggle with position sizing because they use a fixed Stop Loss size regardless of market conditions. A 10-point stop might be safe in a slow market but easily stopped out in a high-volatility environment. This indicator solves that problem by monitoring real-time volatility (using ATR) and automatically suggesting the appropriate Stop Loss size and Position Size (Contracts) to keep your dollar risk constant. Note: This tool is hardcoded for MNQ (Micro Nasdaq) with a tick value calculation of $2 per point. 📈 How It Works -This script operates on a logical flow that adapts to market behavior: -Volatility Measurement: It calculates the Average True Range (ATR) over a user-defined length (Default: 14) to gauge the current "speed" of the market. -State Detection: Based on the current ATR, the script classifies the market into one of three states: Low Volatility: The market is chopping or moving slowly. Normal Volatility: Standard trading conditions. High Volatility: The market is moving aggressively. Dynamic Stop Loss Selection: Depending on the detected state, the script selects a pre-defined Stop Loss (in points) that you have configured for that specific environment. Position Sizing Calculation: Finally, it calculates how many MNQ contracts you can trade so that if your Stop Loss is hit, you do not lose more than your defined "Max Risk per Trade." 🧮 Methodology & Calculations Since this script handles risk management, transparency in calculation is vital. Here is the exact math used: ATR Calculation: Contracts = Max Risk / Risk Per Contract ⚙️ Settings You can fully customize the behavior of the risk manager via the settings panel: Risk Management -Max Risk per Trade ($): The maximum amount of USD you are willing to lose on a single trade. Volatility Thresholds (ATR) -ATR Length: The lookback period for volatility calculation. -Upper Limit for LOW Volatility: If ATR is below this number, the market is "Low Volatility." -Lower Limit for HIGH Volatility: If ATR is above this number, the market is "High Volatility." (Anything between Low and High is considered "Normal"). Stop Loss Settings (Points) -SL for Low/Normal/High: Define how wide your stop loss should be in points for each of the three market states. Visual Settings -Color Theme: Switch between Light and Dark modes. -Panel Position: Move the dashboard to any corner or center of your chart. -Panel Size: Adjust the scale (Tiny to Large) to fit your screen resolution. 📊 Dashboard Overview -The on-screen panel provides a quick-glance summary for live execution: -Market State: Color-coded status (Green = Low Vol, Orange = Normal, Red = High Vol). -Current ATR: The live volatility reading. -Suggested SL: The Stop Loss size you should enter in your execution platform. -CONTRACTS: The calculated position size. -Est. Loss: The actual dollar amount you will lose if the stop is hit (usually slightly less than your Max Risk due to rounding down). Who is this for? -Discretionary and systematic futures traders on MNQ (/MNQ or MES also works with small adjustments) -Anyone who wants perfect risk consistency regardless of whether the market is asleep or exploding -Traders who hate manual position-size calculations on every trade No repainting Works on any timeframe Real-time updates on every bar Overlay indicator (no signals, pure risk-management tool) ⚠️ Disclaimer This tool is for informational and educational purposes only. It calculates mathematical position sizes based on user inputs. It does not execute trades, nor does it guarantee profits. Past performance (volatility) is not indicative of future results. Always manually verify your order size before executing trades on your broker platform.
Indicateur Pine Script®
par helmans13
Session Highs and Lows🔑 Key Levels: Session Liquidity & Structure Mapper The Key Levels indicator is an essential tool for traders as it automatically plots and projects critical Highs and Lows established during key trading sessions. These levels represent major liquidity pools and define the current market structure, serving as high-probability targets, support, or resistance for the remainder of the trading day. ⚙️ Core Functionality The indicator operates in two distinct modes, tailored for different asset classes: 1. Asset Class Mode (Toggle) You can switch between two predefined setups depending on the asset you are trading: Stock Mode (RTH/ETH): Designed for US stocks and futures (e.g., NQ, ES, YM). It tracks and projects levels for Regular Trading Hours (RTH) (09:30-16:00) and Extended Hours (ETH) (16:00-09:30). Forex/Default Mode (Asia/London/NY): Designed for global markets (e.g., currency pairs). It tracks and projects levels for the three major liquidity sessions: Asia (19:00-03:00), London (03:00-09:30), and New York (09:30-16:00). 🗺️ Key Levels Mapped The script continuously tracks and plots the most significant structural levels: Current Session High/Low: The running high and low of the currently active session. Previous Session High/Low: The confirmed high and low from the most recently completed session. These are often targeted by market makers. Previous Day High/Low (PDH/PDL): The high and low of the prior 24-hour day, acting as major structural boundaries and a crucial macro market filter. 🎛️ Advanced Liquidity Management The indicator is built with specific controls for high-level liquidity analysis: Extend Through Sweeps (Critical Setting): OFF (Recommended): The projected line is automatically stopped or deleted the moment the price candle wicks or closes past it. This visually confirms that the liquidity at that level has been "swept" or "mitigated." ON: The line extends indefinitely, treating the level as simple support/resistance, regardless of interaction. Previous vs. Current View: You can select a checkbox (e.g., Use PREVIOUS London Level) to hide the current session's running levels and only display the static, confirmed high/low from the prior completed session. This helps declutter the chart and focus only on the confirmed structural levels. Show Older History: Toggle to keep lines from prior days visible, allowing you to track multi-day structural context. 🎯 Trading Application The lines plotted by the Key Levels indicator provide immediate, actionable information: Bias Filter: Use the PDH/PDL to determine the overall market context. Trading above the PDH suggests a bullish bias, while trading below the PDL suggests a bearish bias. Manipulation/Entry: Wait for price to aggressively sweep a Previous Session High/Low (line stops extending). This often signals a liquidity grab or "manipulation" phase. Look for entries in the opposite direction for the main move (Distribution). Targets: Key levels (especially unmitigated ones) serve as excellent, objective take-profit targets for active trades.
Indicateur Pine Script®
par blossom_globs
FOR CRT SMT – 4 CANDLE FOR CRT SMT – 4 CANDLE Indicator This indicator detects SMT (Smart Money Technique) divergence by comparing the last 4 candle highs and lows of two different assets. Originally designed for BTC–ETH comparison, but it works on any market, including Forex pairs. You can open EURUSD on the chart and select GBPUSD from the settings, and the indicator will detect SMT divergence between EUR and GBP the same way it does between BTC and ETH. This makes it useful for analyzing correlated markets across crypto, forex, and more. 🔴 Upper SMT (Bearish Divergence – Red) Occurs when: The main chart asset makes a higher high, The comparison asset makes a lower high. This may signal a liquidity grab and potential reversal. 🟢 Lower SMT (Bullish Divergence – Green) Occurs when: The main chart asset makes a lower low, The comparison asset makes a higher low. This may indicate the market is sweeping liquidity before reversing upward. 📌 Features Uses the last 4 candles of both assets. Automatically draws divergence lines. Shows clear “SMT ↑” or “SMT ↓” labels. Works on Crypto, Forex, and all correlated assets.
Indicateur Pine Script®
par by_gokcebey