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GDP BreakdownProvides an easy way for viewing the sub sections that make up a country's total GDP. Not all countries provide data for each subsector (Agriculture, Construction, Manufacturing, Mining, Public Administration, Services, Utilities). Only countries that provide complete data are able to be selected in the settings. If I've missed any please let me know in the comment section so they can be added. This is much easier than having to individually selecting each ticker for each country when looking to compare how diversified an economy is.
Indicateur Pine Script™
par EsIstTurnt
Sw1tchFX - Average Daily RangeDESCRIPTION AND OVERVIEW The Average Daily Range is a measure of volatility (typically across 5 days for the FX markets). I originally saw this being used in a trading system called ANTSSYS by Daryll Guppy and some other developers. I couldn't find it anywhere so I decided to build it from scratch. What this does is allow you to measure volatility across various FX assets (I will apply other asset classes in the future that this is applicable to i.e. Crypto, Commodities, Blue Chip Stocks), and set realistic targets based off that volatility. Overall, this makes much more sense to me in the FX markets rather than support and resistance lines because it's based off the actual movement of the asset class. Market research shows that an asset class has a 80-85% chance to reach 75% of it's Average Daily Range (ADR). Let's take a look at the daily ADR on the GBPNZD 15m chart. Notice how the values of the ADR act as real support and resistance based off the volatility of the asset. In this case, price did not quite reach the 75% ADR target. Let's take a look at another example on EURNZD 15m chart. In this case, price hit the 75% target. It's important to note that these levels do not bound the price. The probability that price exceeds it's 75% ADR is fairly low, but not impossible. Especially during important news events. Let's look at the recent USDCHF 15m chart for example. Additionally, you can use these values to measure longer term movements (Weekly, and Monthly) Here is a weekly view: And a monthly view: HOW I USE THIS I use this in conjunction with some other indicators I've developed. Typically, I use range bars since I only care about price, not time. Additionally, averages are smoother when time is not taken into account and only price. HOW THE CANDLE OPEN AND CLOSE IS CALCULATED This is done based off of your own specific time zone and from the daily candle. So for me on PST, the daily candle will close at 1400. Once closed, a new ADR value is automatically calculated and added to the chart. There is an option to show past ADR values if you would like to see them or conduct additional research.
Indicateur Pine Script™
par Sw1tchFX
29
Opening Range with Infinite Price TargetsOpening Range with Infinite Price Targets is an ORB indicator that automatically generates price targets into infinity based on a user-defined % of range. This indicator includes many nice-to-have features missing from other indicators. Such as: Price Target Labels with Price tooltip, want to know exactly what price pt3 is at? Hover over it and see. Custom Defined Range time, Set your Range Start and end time to whatever you need, Doesn't have to be pinned to opening range!. Note: Time is in chart time. Historical View (Default off), Tired of your chart looking messy with a ton of lines from historical data? No problem! You can choose to view or not view historical data. Alerts for Range Breaks, First Range Breaks, and Discovery Price Target hits. As well as Exported Values for Range High, Low, and Mean to set your own alerts from custom sources. Custom Price Targets, set your price targets to a % of the range based on your own strategy. Last but not Least, Infinitely Generating Price Targets. They just keep building. New Targets will be generated when the price closes above/below the current farthest target. Enjoy!
Indicateur Pine Script™
par SamRecio
1
Quantitative Backtesting Panel + ROI Table - ShortsThis script is an aggregate of a backtesting panel with quantitative metrics, ROI table and open ROI reader. It also contains a mechanism for having a fixed percentage stop loss, similar to native TV backtester. For shorts only. Backtesting Panel: - Certain metrics are color coded, with green being good performance, orange being neutral, red being undesirable. • ROI : return with the system, in % • ROI(COMP=1): return if money is compounded at a rate of 100% • Hit rate: accuracy of the system, as a % • Profit factor: gross profit/gross loss • Maximum drawdown: the maximum value from a peak to a successive trough of the system's equity curve • MAE: Maximum Adverse Excursion. The biggest loss of a trade suffered while the position is still open • Total trades: total number of closed trades • Max gain/max loss: shows the biggest win over the biggest loss suffered • Sharpe ratio: measures the performance of the system with adjusted risk (no comparison to risk-free asset) • CAGR: Compound Annual Growth Rate. The mean annual rate of growth of the system of n years (provided n>1) • Kurtosis: measures how heavily the tails of the distribution differ from that of a normal distribution (symmetric on both sides of mean where mean=0, standard deviation=1). A normal distribution has a kurtosis of 3, and skewness of 0. The kurtosis indicates whether or not the tails of the returns contain extreme values • Skewness: measures the symmetry of the distribution of returns - Leptokurtic: K > 0. Having more kurtosis than a normal distribution. It's stretched up and to the side too (2nd pic down). High kurtosis (leptokurtic) is bad as the wider tails (called heavy tails) suggest there is relatively high probability of extreme events - Mesokurtic: K =0. Having the same kurtosis as a normal distribution - Platykurtic: K < 0. Having less kurtosis than a normal distribution. This suggests there are light tails and fewer extreme events in the distribution - Skewness is good: +/- 0.5 (fairly symmetrical) - Skewness is average: -1 to -0.5 or 0.5 to 1 (moderately skewed) - Skewness is bad: > +/- 1 (highly skewed) Evolving ROI table: - The table of ROI values evolve with the year and month. The sum of each year is given. Please avoid using it on non-cryptocurrencies or any market whose trading session is not 24/7 Open ROI reader: - At the top center is the open ROI of a trade
Indicateur Pine Script™
par bitmexstorm
Quantitative Backtesting Panel + ROI Table - LongsThis script is an aggregate of a backtesting panel with quantitative metrics, ROI table and open ROI reader. It also contains a mechanism for having a fixed percentage stop loss, similar to native TV backtester. For longs only. Backtesting Panel: - Certain metrics are color coded, with green being good performance, orange being neutral, red being undesirable. • ROI : return with the system, in % • ROI(COMP=1): return if money is compounded at a rate of 100% • Hit rate: accuracy of the system, as a % • Profit factor: gross profit/gross loss • Maximum drawdown: the maximum value from a peak to a successive trough of the system's equity curve • MAE: Maximum Adverse Excursion. The biggest loss of a trade suffered while the position is still open • Total trades: total number of closed trades • Max gain/max loss: shows the biggest win over the biggest loss suffered • Sharpe ratio: measures the performance of the system with adjusted risk (no comparison to risk-free asset) • CAGR: Compound Annual Growth Rate. The mean annual rate of growth of the system of n years (provided n>1) • Kurtosis: measures how heavily the tails of the distribution differ from that of a normal distribution (symmetric on both sides of mean where mean=0, standard deviation=1). A normal distribution has a kurtosis of 3, and skewness of 0. The kurtosis indicates whether or not the tails of the returns contain extreme values • Skewness: measures the symmetry of the distribution of returns - Leptokurtic: K > 0. Having more kurtosis than a normal distribution. It's stretched up and to the side too (2nd pic down). High kurtosis (leptokurtic) is bad as the wider tails (called heavy tails) suggest there is relatively high probability of extreme events - Mesokurtic: K =0. Having the same kurtosis as a normal distribution - Platykurtic: K < 0. Having less kurtosis than a normal distribution. This suggests there are light tails and fewer extreme events in the distribution - Skewness is good: +/- 0.5 (fairly symmetrical) - Skewness is average: -1 to -0.5 or 0.5 to 1 (moderately skewed) - Skewness is bad: > +/- 1 (highly skewed) Evolving ROI table: - The table of ROI values evolve with the year and month. The sum of each year is given. Please avoid using it on non-cryptocurrencies or any market whose trading session is not 24/7 Open ROI reader: - At the top center is the open ROI of a trade
Indicateur Pine Script™
par bitmexstorm
5
Fed Net Liquidity Indicator (24-Oct-2022 update)This indicator is an implementation of the USD Liquidity Index originally proposed by Arthur Hayes based on the initial implementation of jlb05013, kudos to him! I have incorporated subsequent additions (Standing Repo Facility and Central Bank Liquidity Swaps lines) and dealt with some recent changes in reporting units from TradingView. This is a macro indicator that aims at tracking how much USD liquidity is available to chase financial assets: - When the FED is expanding liquidity, financial asset prices tend to increase - When the FED is contracting liquidity, financial asset prices tend to decrease Here is the current calculation: Net Liquidity = (+) The Fed’s Balance Sheet (FRED:WALCL) (-) NY Fed Total Amount of Accepted Reverse Repo Bids (FRED:RRPONTTLD) (-) US Treasury General Account Balance Held at NY Fed (FRED:WTREGEN) (+) NY Fed - Standing Repo Facility (FRED:RPONTSYD) (+) NY Fed - Central Bank Liquidity Swaps (FRED:SWPT)
Indicateur Pine Script™
par PragmaticMonkey
2
ILM COT Financial Table - CFTCUse this indicator on Daily Timeframe Please refer to the below link for CFTC Financials www.cftc.gov This script shows the Financial COT for the respective instrument by deriving the CFTC code. Option is provided to override the CFTC code User can also configure the historical CFTC data view The script calculates the Long% vs Short% for various categories (Dealers/Asset Managers/Leveraged Funds/Other Reportables) and color codes the column appropriately. The goal of this script is to show all the financial CFTC data on a single page to digest the data better in a tabular form Fixed the default TradingView Library which has some errors with CFTC code mapping. For example, SPX CFTC Code #13874+ which is the most important one where big players take positions is not there in the default Library.
Indicateur Pine Script™
par ILuvMarkets
4
Correlation ZonesThis indicator highlights zones with strong, weak and negative correlation. Unlike standard coefficient indicator it will help to filter out noise when analyzing dependencies between two assets. With default input setting Correlation_Threshold=0.5: - Zones with correlation above 0.5, will be colored in green (strong correlation) - Zones with correlation from -0.5 to 0.5 will be colored grey (weak correlation) - Zones with correlation below -0.5 will be colore red (strong negative correlation) Input parameter "Correlation_Threshold" can be modified in settings. Provided example demonstrates BTCUSD correlation with NASDAQ Composite . I advice to use weekly timeframe and set length to 26 week for this study
Indicateur Pine Script™
par dkaravaev
Kendall Rank Correlation Coefficient (alt)This is a non-parametric correlation statistical test, which is less sensitive to magnitude and more to direction, hence why some people call this a "concordance test". This indicator was originally created by Alex Orekhov (everget), if you like this one, please show the original author some love: This version is extended by tartigradia (2022) to make it more readily useable: * Update to pinescript v5 * Default compare to current symbol (instead of only fixed symbols) * Add 1.0, 0.0 and -1.0 correlation levels lines. This indicator plots both the Kendall correlation in orange, and the more classical parametric Pearson correlation in purple for comparison. Either can be disabled in the Style tab.
Indicateur Pine Script™
par tartigradia
Three Linear Regression ChannelsPlot three linear regression channels using alexgrover 's Computing The Linear Regression Using The WMA And SMA indicator for the linear regression calculations. Settings Length : Number of inputs to be used Source : Source input of the indicator Midline Colour : The colour of the midline Channel One, Two, and Three Multiplicative Factor : Multiplication factor for the RMSE, determine the distance between the upper and lower level Channel One, Two, and Three Colour : The channel's lines colour Usage For usage details, please refer to alexgrover 's Computing The Linear Regression Using The WMA And SMA indicator.
Indicateur Pine Script™
par Fuwn
1
Multi-Optimized Linear Regression ChannelA take on alexgrover 's Optimized Linear Regression Channel script which allows users to apply multiple linear regression channel with unique multiplicative factors. Multiplicative Factors Adjust the amount of channels and multiplicative factors of existing or additional channels using the "Mults" input. An input of "1" creates a single linear regression channel with the multiplicative factor of one. An input of "4" creates a single linear regression channel with the multiplicative factor of four. An input of "1,4" creates two linear regression channels with multiplicative factors of one and four. An input of "1,2,3" creates three linear regression channels with multiplicative factors of one, two, and three.
Indicateur Pine Script™
par Fuwn
2
AmitN STDEV V5Often, a trader would like to predict the range for the next certain amount of period. This is useful for doing short strangles, Iron Fy, Iron Condor strategies. This script calculates the price range for the next 'X' number of candles on the given timeframe based on Standard Deviation formulae. It gives this range on 1 standard deviation and 2 standard deviations. ----------------------------------------------------------- 1SD Range : Probability of expiry in that range is 68 % 2SD Range : Probability of expiry in that range is 95 % ----------------------------------------------------------- From the settings, you can choose the "lookback" period which is used to calculate the next price prediction based on those many candles. The range is plotted in the form of lines. It marks the range and also the difference between spot and the range-value.
Indicateur Pine Script™
par amitni82
Market Beta/Beta Coefficient for CAPM [Loxx]Market Beta/Beta Coefficient for CAPM is not so much an indicator as it is a value to be used in future indicators to forecast stock prices using the Capital Asset Pricing Model, CAPM. CAPM is used by the likes of value investors such as Warren Buffet and valuation/accounting/investment banking firms. More specifically, CAPM is typically used in Discounted Cashflow Analysis to value revenue generating assets. What is Beta? In finance, the beta (β or market beta or beta coefficient) is a measure of how an individual asset moves (on average) when the overall stock market increases or decreases. Thus, beta is a useful measure of the contribution of an individual asset to the risk of the market portfolio when it is added in small quantity. Thus, beta is referred to as an asset's non-diversifiable risk, its systematic risk, market risk, or hedge ratio. Beta is not a measure of idiosyncratic risk. By definition, the value-weighted average of all market-betas of all investable assets with respect to the value-weighted market index is 1. If an asset has a beta above (below) 1, it indicates that its return moves more (less) than 1-to-1 with the return of the market-portfolio, on average. In practice, few stocks have negative betas (tending to go up when the market goes down). Most stocks have betas between 0 and 3. How to calculate Beta To calculate beta you typically choose 5 years of monthly data; typically SPY is used here Calculate log returns of both the asset for which you are calculating Beta and the benchmark market data Calculation the covariance between the asset and benchmark Calculate the variance of the benchmark returns Divide the covariance by the variance Read more here: en.wikipedia.org(finance) en.wikipedia.org einvestingforbeginners.com
Indicateur Pine Script™
par loxx
2
Candle wick averageThis tool shows all 4 values: (Candle chart can describe the size) - Average wick length below It is calculated as the length of the candle wick under the rising candlestick. calculated average (AVG) and Standard Deviation (STDEV). plot on the chart at the current bar using (open price ) - (average + STDEV ). - Average wick + average body above(high - open) is calculated from the upper wick and upper body wick length of the rising candle. take Average (AVG) and standard deviation (STDEV). plot on the chart at the current bar using (open price) + (average + 2*STDEV) - The other 2 values ​​are calculated in the same way. But using the data of the candlestick that the price has moved down. Usage example - Use the average of the lower wick length to determine the SL for buy order. - Use the average wick length and the candle above to set the TP for buy order. - The other 2 values use in the same way for sell order
Indicateur Pine Script™
par Linux_ID
Correlation with P-Value & Confidence Interval (alt)Shows the Pearson correlation between two symbols, including statistical significance test. This is a fork of the original script by Balipour, with the addition of EMA that can be used instead of SMA in the Pearson correlation as an attempt to capture correlation trend changes more quickly, and conversion to pinescript v5. In the end, the EMA does not help much, for a faster capture of correlation trend changes, another kind of correlation is necessary, such as sign test correlation (another one of my indicators implement this idea). Please show the original indicator's author some love if you appreciate this work:
Indicateur Pine Script™
par tartigradia
7
BTC's #4 Whale Sells [TheSecretGuy]Hello there ! I have been tracking BTC richests wallets for some time - and one of them seems to be aligning its sells pretty well with what the market is about to do. BTC's Whale #3 (now Whale #4) has been selling his BTC in very crutial moments - therefore I felt that converting this into an indicator will give us a pretty visual feedback of what that Whale expects to happen at a given point. In order to do that, I have listed manually all of his sells (dates) until today and placed a vertical line on the chart on each of these dates. This sadly can't be automated as Pinescript language doesn't allow to reach outter data - I'd need to update this manually. Hope this helps you a bit, Cheers!
Indicateur Pine Script™
par TheSecretsOfTrading
1
Z Bollinger BandsThis version of Bollinger Bands measures the average volatility. By taking the 75th percentile of the average absolute value of the difference between the Source and the Mean divided by the Standard Deviation and using that as our multiplier for our Bollinger bands we can have a statistically safe trading zone. You notice that its dynamic, this is because it take into account the real volatility levels of a window and uses that to determine an appropriate multiplier. As always I hope you enjoy this release.
Indicateur Pine Script™
par The_Peaceful_Lizard
3