Infiten's Return Candle OscillatorInfiten's Return Candle Oscillator is an oscillator which shows the percentage return on the open, high, close and low over a customizable period in the form of candlesticks. It may be helpful for seeing volatility, swing trading, or mean reversion trading.
The RCO consists of two plotted elements :
RCO Candles (short length): candlesticks which are plotted with low = the product of the percentage changes in the low over a period, high = the product of the percentage changes in the high over a period, close = the product of the percent changes in close over a period, and open = the product of the percentage changes in return over a period. Similarly to with standard candlesticks, if the percentage change on the close is higher than the percentage change on the open, the candlestick is green, otherwise it is red.
Smoothed RCO Line (long length) : a moving average of the average of the low, close, open and high calculated for the RCO Candles. The line's transparency is determined by the percentage difference between the RCO and the highest or lowest RCO over the long length. A more transparent line means that the RCO is closer to the highest or lowest RCO, and may be indicative of a reversal, or weakening trend.
Analyse technique
Wizard AlgoWizard Algo:
==============================
Features of the indicator:
- BULL/BEAR Signals
- TP (Take-Profit) and Exit System
- Possible Reversal Signals
- Reversal Scalper
- Reversal Bands
- Trend Bar Colors
- Auto Support/Resistance Levels
- Auto Trend-Lines
================================
Description:
1. Signals: The signals consists of 2 different approaches and the users can choose which signal type they want to use. The indicator gives bull/bear signals based on certain condition, such as trend and momentum. The "TP" signals stands for "Take Profit." These signals help users to decide when to take profits or liquidate all position. The Indicator includes an exit system that can used as another means of closing a position. The exit system uses a 1.5x risk to reward ratio to determine where to keep the take profit and stop loss target.
2.Reversal Scalper: Reversal scalpers are the tiny up(aqua) and down(fuchsia) triangles on the chart. These signals a possible reversal in the price and they can be used to enter a scalping trade. The signals uses mainly momentum and candle price action to determine when there could be a possible reversal in price.
3. Reversal Bands: The reversal band is the green/red cloud like indicator. This can help determine when a price is oversold and therefore, it could reverse. Same goes for the short side, if price is in the overbought territory, then it could reverse to the downside. The reversal bands uses mainly volatility. This is not the same thing as Bollinger bands.
4. Bar Colors: The candle bar colors helps to determine the current trend. The colors are given based on the current trend. The colors lime/red shows strong trend, and orange/cyan/blue shows weak trend.
5. Auto S/R and Auto trendlines: These indicators can be used for determining price actions. Both of these work in similar manner. They mainly look at the previous pivots and draws a line connecting the pivots. S/R are the horizontal lines and the trendline have angles to them.
Moving Average Band Width ((((20/04/2022))))Todays Script uses 5 Moving Averages with the new function on V5 called fill, we can now colour fill between moving averages.
9ema
20ema
50ema
100ema
200ema
100-200ema which is labelled in Redis where the big impulse moves will fall into if the pressure is so strong on the opposite of the trend.
50-100ema which is labelled in Blue is where price could be heading in a healthy trend
20-50ema which is labelled in Purple, price will enter this area when price is in a strong impulse move/trend
9-20ema which is labelled in Green is a super strong trend/ impulse move, price will most likely break this stream and enter the 20-50ema
(the colour of EMAS can be changed in the settings)
I would use this to either gauge the strength of a trend//impulse leg or buy/sell opportunities.
This works best in trending environments, LTF and liquid markets
MaviBeyaz GANN ver.03Hello
* Line Color Red: Downtrend
* Line Color Yellow: Strict Monitoring for trend violation or change
* Line Color Green : Rising trend
* Red Bubble: Start of price bubble formation
* Red Bubbles : Correction expectation increased
* Green Bubble: Price low level
* Green Bubbles: Onset of rise, expectation of reaction
* We have a fixed line on the graphic campus. It can generate signal with color change, which conveys the trend direction. At times such as m15-h1-h4-d1 the numbers listed below can be edited in the settings section. (13, 21) - (34, 55) - (89-144)
* When the candles get too far from our line, they are expected to meet again.
* The line acts as support and resistance according to the current color situation.
* Line support number is shown in the indicator information section in the upper left of the screen.
* May cause spread loss in the horizontal market.
* By blending and thinking with fundamental analysis gives more effective results.
WARNİNG ! :
* Has no financial value or meaning. "No graphics, drawings and explanations on this page are within the scope of investment consultancy.
* The relevant profile is not an investment institution.
* This account does not share buying/selling guiding advice or comments for any asset, it only shares indicators and strategies for the purpose of technical analysis training.
* Since these posts are not a recommendation or comment for buying/selling, it is not recommended to be used in real accounts.
Kind regards...
KINSKI Multi Trend OscillatorThe Multi Trend Oscillator is a tool that combines the ratings of several indicators to facilitate the search for profitable trades. I was inspired by the excellent indicator "Technical Ratings" from Team TradingView to create an alternative with a technically new approach. Therefore, it is not a modified copy of the original, but newly conceived and implemented.
The recommendations of the indicator are based on the calculated ratings from the different indicators included in it. The special thing here is that all settings for the individual indicators can be changed according to your own needs and displayed as a histogram and MA line. This provides an excellent visual control of your own settings. Alarms are also triggered.
Criteria for determining the rating
Relative Strength Index (RSI)
Buy - Crossover oversold level and indicator < oversold level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Relative Strength Index (RSI) Laguerre
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Noise free Relative Strength Index (RSX)
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Money Flow Index (MFI)
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Commodity Channel Index (CCI)
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Moving Average Convergence/Divergence (MACD)
Buy - values of the main line > values of the signal line and rising
Sell - values of the main line < values of the signal line and falling
Neutral - neither Buy nor Sell
Klinger
Buy - indicator >= 0 and rising
Sell - indicator < 0 and falling
Neutral - neither Buy nor Sell
Average Directional Index (ADX)
Buy - indicator > 20 and +DI line crosses over the -DI line and rising
Sell - indicator > 20 and +DI line crosses below the -DI line and falling
Neutral - neither Buy nor Sell
Awesome Oscillator
Buy - Crossover 0 and values are greater than 0, or exceed the zero line
Sell - Crossunder 0 and values are lower than 0, or fall below the zero line
Neutral - neither Buy nor Sell
Ultimate Oscillator
Buy - Crossover oversold level and indicator < oversold level and rising
Sell - Crossunder oversold level and indicator >= oversold level and falling
Neutral - neither Buy nor Sell
Williams Percent Range
Buy - Crossover Oversold Level and Indicator < Oversold Level and rising
Sell - Crossunder Oversold Level and Indicator >= Oversold Level and falling
Neutral - neither Buy nor Sell
Momentum
Buy - Crossover 0 and indicator levels rising
Sell - Crossunder 0 and indicator values falling
Neutral - neither Buy nor Sell
Total Ratings
The numerical value of the rating "Sell" is 0, "Neutral" is 0 and "Buy" is 1. The total rating is calculated as the average of the ratings of the individual indicators and are determined according to the following criteria:
MaxCount = 12 (depending on whether other oscillators are added).
CompareSellStrong = MaxCount * 0.3
CompareMid = MaxCount * 0.5
CompareBuyStrong = MaxCount * 0.7
value <= CompareSellStrong - Strong Sell
value < CompareMid and value > CompareSellStrong - Sell
value == 6 - Neutral
value > CompareMid and value < CompareBuyStrong - Buy
value >= CompareBuyStrong - Strong Buy
Understanding the results
The Multi Trend Oscillator is designed so that its values fluctuate between 0 and currently 12 (maximum number of integrated indicators). Its values are displayed as a histogram with green, red and gray bars. The bars are gray when the value of the indicator is at half of the number of indicators used, currently 12. Increasingly saturated green bars indicate increasing values above 6, and increasingly saturated red bars indicate increasingly decreasing values below 6.
The table at the end of the histogram shows details (can be activated in the settings) about the overall rating and the individual indicators. Its color is determined by the rating value: gray for neutral, green for buy or strong buy, red for sell or strong sell.
The following alarms are triggered:
Multi Trend Oscillator: Sell
Multi Trend Oscillator: Strong Sell
Multi Trend Oscillator: Buy
Multi Trend Oscillator: Strong Buy
Signals Pirate™ S/R TweezersSignalsPirate™ S/R Tweezers take your Support & Resistance trading to the next level! Instantly and accurately see all instances of temporary break above/below S/R to find the best reversal and price action rejection entries!
A tweezer in trading is defined when a candle high/low breaks above/below a key level of S/R before closing the opposite side of the level. This creates a candle wick through a key area of price action, and signals that price was rejected in its attempt to break through the level. The S/R levels are calculated using historically important highs & lows in price action across multiple time frames.
The simplicity of this package ensures traders of all levels of expertise can utilise this tool and experience its benefits to the fullest. The only variable to adjust is the ‘Sensitivity’, which manages how frequently ‘Bull’ or ‘Bear’ tweezers will be identified. A value of 1 will require a perfect tweezer before printing a signal, whereas a value of 10 will be more lenient in the definition and provide more opportunities!
The default settings are the best settings we’ve found so far but you can change them to build your own unique trading strategy. We’d recommend experimenting with these values to find the best results for the asset you are trading, and your own personal trading style.
This tool is best used in confluence with other indicators to have multiple data sets pointing towards the same conclusion, however this can be used as a sole entry finder, especially for scalpers and swing traders!
Direction for use:
1. Use on any asset class and time frame.
2. Fine tune the ‘Sensitivity’.
3. Enter Long on ‘Bull Tweezer’ signal after candle close, enter Short on ‘Bear Tweezer’ signal after candle close, consider only longing if your other technical analysis also has the same bias conclusion.
As mentioned previously, this tweezer tool uses a multitude of S/R detection tools that dynamically operate to function with superior accuracy regardless of what you’re trading. The settings also accommodate and support enough customisation to provide functionality to all types and frequencies of trades, from scalping to long term investing.
We hope you love this package, and it takes your trading and investing to the next level. Please let us know if you have any questions or queries regarding the logic behind the bundle, or if you have any suggestions for improvements etc. We love your feedback and are constantly striving to continuously improve!
Signals Pirate™ Sniper S/RSignalsPirate™ Sniper S/R provides instant and accurate levels of critical Support and Resistance for any asset on any timeframe! Improve your technical analysis and decrease time spent with this simple tool!
The simplicity of this package ensures traders of all levels of expertise can utilise this tool and experience its benefits to the fullest. The 2 variables within the tool are the ‘Multiple’ and ‘Lookback’:
The ‘Multiple’ simply takes into account higher levels of S/R before plotting, so a default value of 0 gives the nearest levels of S/R whereas a value of 10 will give the furthest levels you should be taking into account.
The ‘Lookback’ increases the period of history that will be taken into account when calculating the levels. As this tool is calculated using a multitude of different timeframes, and a combination of Pivot Points & High/Low levels to determine the most crucial levels, you can think of increasing the ‘Lookback’ length as prioritising higher timeframes than the one you are currently using. The default length of 1 will calculate key levels using data mainly derived from the current and closest timeframes to what the chart is currently using.
The default settings are the best settings we’ve found so far but you can change them to build your own unique trading strategy. We’d recommend experimenting with these values to find the best results for the asset you are trading, and your own personal trading style.
Direction for use:
1. Use on any asset class and time frame.
2. Fine tune the ‘Multiple’ and ‘Lookback’.
3. Watch for price action responding to the key levels of Support & Resistance.
4. Considering entering long positions with confluence as price approaches key support, and consider entering short positions with confluence as price approaches key resistance.
5. Plan your trades to take complete or partial profits at the next level of S/R, and think about closing your trades as price moves against you and breaks key levels of S/R.
As mentioned previously, this S/R tool uses a multitude of S/R detection tools that dynamically operate to function with superior accuracy regardless of what you’re trading. The settings also accommodate and support enough customisation to provide functionality to all types of trades, from scalping to long term investing.
We hope you love this package, and it takes your trading and investing to the next level. Please let us know if you have any questions or queries regarding the logic behind the bundle, or if you have any suggestions for improvements etc. We love your feedback and are constantly striving to continuously improve!
Signals Pirate™ ScalperSignalsPirate™ Scalper has been created specifically for asset scalping to help improve your short term trading by accurately identifying ‘Buy’ and ‘Sell’ opportunities!
The simplicity of this package ensures traders of all levels of expertise can utilise this tool and experience its benefits to the fullest. The only variable that alters the tools performance is the ‘Scalp Length’ option, which dictates how frequently scalping signals are identified. A value of 10 will result in more selective and less frequent signals, whereas a value of 1 will print ‘Buy’ and ‘Sell’ signals more often.
This tool has been formed using a number of trend reversal indicators, such as the RSI and Stochastics to identify overbought and oversold conditions. As well as these it incorporates crucial pivot points to identify potential support & resistance levels where scalp opportunities will have the highest chance of being successful. Combining these means when price is extremely oversold across a multitude of indicators while sitting at a pivot point support level, a ‘Buy Scalp’ label is created – and vice versa for ‘Sell Scalp’ signals.
The default settings are the best settings we’ve found so far but you can change them to build your own unique trading strategy. We’d recommend experimenting with these values to find the best results for the asset you are trading, and your own personal trading style.
Direction for use:
1. Use on any asset class and time frame, preferably on a lower timeframe (15min or less).
2. Fine tune the ‘Scalp Length’.
3. Enter a long position once a ‘Buy Scalp’ label is created, and close the position once a ‘Sell Scalp’ label is created. For short positions enter once a ‘Sell Scalp’ label is created and close once a ‘Buy Scalp’ label is created.
We hope you love this package, and it takes your trading and investing to the next level. Please let us know if you have any questions or queries regarding the logic behind the bundle, or if you have any suggestions for improvements etc. We love your feedback and are constantly striving to continuously improve!
Signals Pirate™ Oscillator DivergencesSignalsPirate™ Oscillator Divergences is the ultimate tool for divergence traders! With this all in one Oscillator package, you can quickly check bullish, bearish, regular and hidden divergences on all popular Oscillator indicators!
The main inputs for this divergence package are the ‘Lookback Length’ and ‘Indicator Smoothing’. The loockback simply determines how many bars back of any assets price actions will be scanned for divergences, with a lower value creating fewer signals with shorter divergence detection. The smoothing simply allows for any selected oscillator to have the values averaged out to create less choppy data. Within this package you have the availability to alter the settings of all included Oscillators as you would if you added them to your chart individually.
Additionally you can choose to include ‘Regular’ divergences, ‘Hidden’ divergences, or both! Divergences are a great leading technical tool that can help predict potential trend changes as price divergences from the underlying oscillator.
The default settings are the best settings we’ve found so far but you can change them to build your own unique trading strategy. We’d recommend experimenting with these values to find the best results for the asset you are trading, and your own personal trading and investing style.
Direction for use:
1. Use on any asset class and time frame.
2. Select which Oscillator you’d like to apply, and which Divergence labels should be shown.
3. Fine tune the ‘Lookback Length’ and ‘Indicator Smoothing’.
4. Wait for divergences to occur and use these signals to improve your technical analysis! Bullish divergences indicate a potential move to the upside is coming, where Bearish divergences indicate a potential move to the downside!
We hope you love this package, and it takes your trading and investing to the next level. Please let us know if you have any questions or queries regarding the logic behind the bundle, or if you have any suggestions for improvements etc. We love your feedback and are constantly striving to continuously improve!
Signals Pirate™ Buy Sell SignalsSignalsPirate™ Algo Premium includes standard Buy and Sell signals on the chart, All-in-One Premium Market Dashboard with current trades, and a wide variety of customizability to help you create your own, unique trading strategies.
The main Input options are 'Reactivity' and 'Depth', which allow for a dynamic trend following strategy that works on all time frames and assets. Using these values the strategy will print the bundles main ‘Buy’ and ‘Sell’ signals to try and identify the trend early and accurately. Their main functions are to dynamically calculate volatility and current trend direction – but we’ve gone more in-depth below!
Reactivity:
Reactivity controls how quickly the Algo reacts to changes in trend. This part of the bundle takes into account the Average True Range (ATR) to gauge current market volatility and direction of the trend. Lowering the reactivity value will generate quicker reaction times of the algorithm as it will lower the threshold of volatility required for a signal to be generated. Therefore, it’ll show trades more frequently.
Depth:
Depth controls the position of the signals according to the trend swing. Calculated using a variation of the Average Direction Index (ADX) to measure the changes in prices over a given period, when running parallel to the Reactivity volatility filter the trend can be identified quickly and accurately on any given time frame or asset. Higher Depth will allow for less frequent and slower entries. In contrast, lower Depth will give more frequent and earlier entries.
The default settings are the best settings we’ve found so far but you can change them to build your own unique trading strategy. We’d recommend experimenting with these values to find the best results for the asset you are trading, and your own personal trading and investing style.
Direction for use:
1. Use on any asset class and time frame.
2. Fine tune the Reactivity (volatility) and Depth (trend sensitivity).
3. Enter Long on ‘Buy’ signal after candle close, enter Short on ‘Sell’ signal after candle close.
4. Exit position on opposite entry signal, for example if you’re currently in a Long position and a ‘Sell’ signal is printed, close your Long position at the candle close, even if you do not plan on shorting and vice versa.
As mentioned previously, this is a trend base system that dynamically operates to function with superior accuracy regardless of what you’re trading. But with the level of customisation available, this can easily be fine tuned to accommodate scalping, reversal trading, or even long term investing.
The Dashboard shows the most relevant and real-time information within a simple panel on the chart. It includes three sections. The first section shows Volatility, Volume, Current Sentiment. The second section shows Trends from a 1-minute timeframe to a Month. The third section shows current trade with Variable TP 1, TP 2, TP 3 (calculated using a combination of S/R levels and ATR values), and Maximum Profit for the current trade that could have been entered using this bundle.
We hope you love this all in one package, and it takes your trading and investing to the next level. Please let us know if you have any questions or queries regarding the logic behind the bundle, or if you have any suggestions for improvements etc. We love your feedback and are constantly striving to continuously improve!
Co-relation and St-deviation Strategy - BNB/USDT 15minThis indicator based on statistical analysis. it uses standard deviation and its co-relation to price action to generate signals. and following indicators has been used to calculate standard deviation and its co-relation values. finally it is capable to identify market changes in bottoms to pic most suitable points.
1. Parabolic SAR (parabolic stop and reverse)
2. Supertrend
3. Relative strength index (RSI)
4. Money flow index (MFI)
5. Balance of Power
6. Chande Momentum Oscillator
7. Center of Gravity (COG)
8. Directional Movement Index (DMI)
9. Stochastic
10. Symmetrically weighted moving average with fixed length
11. True strength index (TSI)
12. Williams %R
13. Accumulation/distribution index
14. Intraday Intensity Index
15. Negative Volume Index
16. Positive Volume Index
17. On Balance Volume
18. Price-Volume Trend
19. True range
20. Volume-weighted average price
21. Williams Accumulation/Distribution
22. Williams Variable Accumulation/Distribution
23. Simple Moving Average
24. Exponential Moving Average
25. CCI (commodity channel index)
26. Chop Zone
27. Ease of Movement
28. Detrended Price Oscillator
29. Advance Decline Line
30. Bull Bear Power
Divergence Energy Pro (DE Pro) MI05Divergence Energy Pro acts as an trend & volatility indicator calculated by combination of Moving Average data.
The Green bar indicates bullish energy, while the Red bar indicates bearish energy.
The length of the colour (red/green) bar indicates the energy's strength/momentum.
When the fisrt or second Green bar above the Zero Axis 💚 and MA line represents a strong bullish energy,
whereas the first or second Red bar below the Zero Axis ❤️ and MA line represents a strong bearish energy.
Apart from tracking the bullish/bearish trend in the market, it may be used to monitor the divergence/convergence between price and technical indicator.
Divergence occurs when the price moves in the opposite direction of a technical indicator, potentially leading a price shift.
Disclaimer:
This script indicator is solely for the purpose of education / opinion sharing only, and should not be construed as investment advice or recommendations to buy or sell any security.
Get your trade advise from a legit broker, you are responsible on your own trade.
Thank you.
TrendLineThis is a tool to see trend lines on charts. This code takes two maximum and two minimum and draws a line between them.
Ultimate Ichimoku Cloud StrategyThe goal of this strategy script is to provide the ultimate experience to anyone interested in the Ichimoku Kinkō Hyō (Ichimoku Cloud). The script is designed to be highly customizable and allows the user to set a custom trade date range and select any combination of inputs and conditions that satisfy their goals. Additionally, the script allows the user to visually see any combination of their set conditions by clicking the " Show Conditions Visually " checkbox. Doing so will color the background in a different color where the conditions align. Finally, a simple Stop/Take profit is added for those that wish to exit based on percentages over Ichimoku conditions.
As always, please let me know if there are any bugs, something useful that could be added or if you need some help. Leave a like if you wish!
DivergenceLibrary "Divergence"
Calculates a divergence between 2 series
bullish(_src, _low, depth) Calculates bullish divergence
Parameters:
_src : Main series
_low : Comparison series (`low` is used if no argument is supplied)
depth : Fractal Depth (`2` is used if no argument is supplied)
Returns: 2 boolean values for regular and hidden divergence
bearish(_src, _high, depth) Calculates bearish divergence
Parameters:
_src : Main series
_high : Comparison series (`high` is used if no argument is supplied)
depth : Fractal Depth (`2` is used if no argument is supplied)
Returns: 2 boolean values for regular and hidden divergence
I created this library to plug and play divergences in any code.
You can create a divergence indicator from any series you like.
Fractals are used to pinpoint the edge of the series. The higher the depth, the slower the divergence updates get.
My Plain Stochastic Divergence uses the same calculation. Watch it in action.
Triple CSWhat this indicator does:
This indicator will be scanning for ranges of extremity.
It measures multiple underlying factors in the financial markets like measuring levels of strength using RSI, momentum using Stochastics and extreme ranges using Bollinger Bands.
What is "extreme range" criteria: ranges above 70 or below 30 on RSI and Stoch are considered extreme, as well as moments of extreme volatility exceeding overbought and oversold levels on BBs.
All monitored data is to be plotted in a horizontal row, providing information about oversold, overbought and mid-range market conditions. This data will either meet the criteria simultaneously and plot a Red or Green indication or it will miss one or more requirements, plotting Gray indications.
This indicator is a real-time indicator, meaning it's updating live and due to this tracking in real-time, indications not yet 'printed' can give false readings. For performance purposes, it is best practice to allow all indication plots to 'print', meaning if a plot ever changes in color, it's best to allow that candle to fully close , ticking to 0:00 before confirming the accuracy of the indicator's findings.
How it works:
This indicator scans multiple sources of data simultaneously. When appropriate conditions within a trading range are met, the indicator will update it's color.
The indicator will plot Gray , Green , and Red indications which can be explained below.
-
Grey plots : No indication of full extremity, meaning one or more conditions being tracked has not met requirements, suggesting price is likely in mid-range.
-
Green plots : Extremity level lows have been simultaneously met, data indicates extreme oversold conditions are likely present.
-
Red plots : Extremity level highs have been simultaneously met, data indicates extreme overbought conditions are likely present.
What market will this indicator work on?
Stocks > Forex > Crypto
All the above are supported by this indicator.
Charts with more history have more data for the indicator to utilize. (Lack of data can result in poor performance.)
- This indicator performs best on 4H, 12H, D, and W timeframes, although you can use this indicator on any timeframe TradingView supports.
This indicator was created to find ranges of extreme trade which can help traders be more confident in their timing with the market.
Trading can be difficult, let an algorithm scan the market and monitor for early signs of volatility changes.
Past performance does not guarantee future results. Please do your due diligence when placing trades.
RECON ATR Volatility PercentageThe original Average True Range (ATR) indicator is a technical analysis indicator designed to measure volatility. The higher the ATR the higher the volatility.
The RECON ATR Volatility Percentage indicator calculates the Average True Range (ATR) as a percentage.
Suggested chart timeframes: 1h, 4h and 1D seem to produce the most useful intel but can be used on lower timeframes as well.
The Recon ATR Volatility Percentage can be utilized for identifying trading pairs with a desired amount of volatility, for example deploying a grid trading strategy on pairs that are trending up with a high amount of volatility (say over 50%) might produce desirable results.
It is important to note the ATR does not indicate price direction and can be high in both a rising or falling market.
The ATR Length, Period Look Back Length parameters as well as the color of the columns can be configured per your specifications.
DrawIndicatorOnTheChartLibrary "DrawIndicatorOnTheChart"
this library is used to show an indicator (such RSI, CCI, MOM etc) on the main chart with indicator's horizontal lines in a window. Location of the window is calculated dynamically by last price movemements
drawIndicator(indicatorName, indicator, indicatorcolor, period, indimax_, indimin_, levels, precision, xlocation) draws the related indicator on the chart
Parameters:
indicatorName : is the indicator name as string such "RSI", "CCI" etc
indicator : is the indicator you want to show, such rsi(close, 14), mom(close, 10) etc
indicatorcolor : is the color of indicator line
period : is the length of the window to show
indimax_ : is the maximum value of the indicator, for example for RSI it's 100.0, if the indicator (such CCI, MOM etc) doesn't have maximum value then use "na"
indimin_ : is the minimum value of the indicator, for example for RSI it's 0.0, if the indicator (such CCI, MOM etc)doesn't have maximum value then use "na"
levels : is the levels of the array for the horizontal lines. for example if you want horizontal lines at 30.0, and 70.0 then use array.from(30.0, 70.0). if no horizontal lines then use array.from(na)
precision : is the precision/number of decimals that is used to show indicator values, for example for RSI set it 2
xlocation : is end location of the indicator window, for example if xlocation = 0 window is created on the index of the last bar/candle
Returns: none
Moving Average Support and Resistance ChannelThe Moving Average Support and Resistance Channel is a channel that consists of trend lines of resistance and support of the analyzed instrument, represented as moving averages with the selected type and smoothing period on a certain timeframe, where:
- Middle Line - the middle of the channel (the moving average of the pivot point using the Floor Pivot method)
- R1 - first resistance (moving average of support + Factor*ATR)
- R2 - second resistance (R1 + Factor*ATR)
- S1 - first support (moving average of resistance-Factor*ATR)
- S2 - second support (S1-Factor*ATR)
- Factor-ATR multiplier
Despite the fact that the indicator consists of moving averages, it can work equally well both during a trend and in its absence.
Characteristics of the trend movement:
• During an uptrend, the moving averages of the indicator are directed upwards, the price is above the Middle Line level most of the time
• During a downtrend, the moving averages of the indicator are directed down, the price is below the Middle Line level most of the time
• During the flat period, the boundaries of the moving average channel narrow, the channel tends to align in a horizontal position, the price consolidates most of the time around the Middle Line level, fighting off the support and resistance levels of the indicator.
The position of asset prices outside the indicator may mean an early correction or trend reversal.
How to trade:
One of the trading methods may be that during a breakout or a pullback after a breakout of the Middle Line level, the target of further movement, depending on the direction of this movement, may be the levels R1, R2 or S1, S2. Use this situation to make a profit.
I wish you good luck in building your trading plans and remember: such indicators do not predict the future price movement on the chart, they only determine the characteristics of the price movement at the current time, taking into account historical data.
[BCT] Can BTC be predicted or is it purely random?Variance Ratio**This indicator can be applied to the ticker of your choice (not just BTC)**
Markets are said to be "efficient". An efficient market is by definition unpredictable - no matter the amount of ML, computation, or indicators thrown at it. In particular, in an efficient market, TA will not be of help.
An illustration of efficient markets is the WSJ's longstanding monkey vs. human contest:Blindfolded Monkey Beats Humans With Stock Picks, granted there are several flaws to it.
BTC is a relatively new market. New markets are typically highly inefficient (easier to make money) and become more and more efficient over time (harder to make money). How much more efficient is BTC becoming?
We apply the Variance Ratio method and apply it to BTC.
BACKGROUND ON THE VARIANCE RATIO METHOD
Based on 1988 MacKinlay's seminal paper "Stock Market Prices do not Follow a Random Walk", the idea is to exploit a phenomenon called "variance scaling".
For those keen on looking into the math, the short version of it is under the assumption of iid (random walk) we have the following:
H0: Var(Sum(returns over K bars))=Sum(Var(returns over 1 bar))=k*Var(return over 1 bar)
We look to reject or not H0 depending on the observations.
In this script, we compare the variance of the (log) returns for the chart selected between:
(1) The (average) variance over k bars (call this Vk)
(2) The (average) variance over 1 bar (call this V1)
H0 simply says that Vk=k*V1 if the stock follows a random walk.
We compute the Variance Ratio VR(k)=Variance(returns over k bar)/(Sum(Var(returns over 1 bar)))-1
We then compute the associated Z-score which we chart out for a configurable k number of bars.
HOW TO INTERPRET THE CHART
The line drawn is the Z-Score for VR(k). It represents the number of standard deviations of VR(k) from 0 - the further out, the less random.
- If the line is close / hovers around 0, the ticker appears to follow a random walk (i.e. may not be predictable)
- If the line is consistently > 2 or <-2, the ticker likely does not follow a random walk (i.e. may have predictable features)
- If the line is positive, it means that the Variance on the k bars is larger than the variance on 1 bar (more variance on longer timeframes)
- If the line is negative, it means that the Variance on the k bars is smaller than the variance on 1 bar (more variance on smaller timeframes)
USE CASES
- Identify timeframes where you won't be able to make money
- Identify whether a stock cannot be predicted (forget about TA, indicators etc. -- a random walk is not predictable)
- Identify whether a stock is becoming less and less predictable (Z-score amplitude will decrease over time)
FEATURES
- select the number of K bar to compare vs. 1 bar (default = 16) - ideally a power of 2 but any other number will work. The chart is based off this selection
- select the lookback period for the analysis (500 bars by default)
- select the source to analyze (default = close, but you may select other inputs to calculate the returns from)
- results form the statistical tests on different K's in the table on the right/bottom side of the chart (H0 rejected = not random walk; H0 not rejected = it essentially looks rather random and we can't conclude that it's not a random walk)
COMMENTARY ON BTC
- It appears BTC's absolute value of the ZScore on the Variance Ratio is declining year after year - corroborating an increasingly efficient market as new participants join.
- However, we can still detect a fair amount of potential inefficiency using this simple test.
As usual, this is not investment advice. DYOR.
With love,
🐵BCT🐵
VOLUME HIGHLIGHTER PANEL (CUSTOM) [MaestroTrader]█ OVERVIEW
Volume highlighter panel provides volume insights to identify gradual increase or drop in volume or sudden volume urge that exceeds daily threshold.
It helps to determine the price behavior of the underlying Index/stock to make informed decisions while trading.
█ FEATURES
a) Displays Live SMA (20) Volume with color code. SMA Cells turns green if consecutive bar volume increases.
b) Live Volume Cell in table turns green if the volume is above average and turns red vice versa.
c) Threshold volume label appears when volume crosses the daily threshold limit.
Differences with the built-in version
This variation displays volume panel with additional volume insights for quick entry/exits.
█ SETTINGS
• Highlight Panel a) Configure Daily Volume Threshold b) configure Market session time c) Toggle highlighter on/Off d) Toggle Time on/Off (off) displays for whole period
• Volume Panel a) Configure SMA b) configure volume bar criteria c) configure Panel Display Location d) Toggle Volume Panel on/Off
█ IMPORTANT
Price always moves from trending to trading phase. Volume in Trending phase is generally high compared to volume in sideways phase. You need to identify the right volume threshold in each of the trading phases and change the settings accordingly.
█ BANKNIFTY /NIFTY VOLUME SETTINGS
BANKNIFTY - 3 MIN -50K volume
NIFTY - 3 MIN 125 K volume
Thanks to OSPL Siva for Nifty/Bank Nifty volumes. These volumes differ from trending phase & consolidation phase so adjust the threshold settings accordingly.
█ THANKS
Thanks a lot to Pine Team for this new great feature table & ‘ format. Volume ’ ! Thanks to @author=LucF, for the 'volume' logic.
█ DISCLIAMER
Indicator is built for educational purposes. Please test it thoroughly before you start using it.
You are free to use the code, please share the credit for reuse.
Hope - All these features help you get quick insights of the price movement to take the informed trades.
Happy Trading !!
Technical Analysis Consulting Table (TACT)Inspired by Tradingview's own "Technical Analysis Summary", I present to you a table with analogous logic.
You can track any ticker you want, no matter your chart. You can even have multiple tables to track multiple tickers. By default it tracks the Total Crypto Cap.
You can change the resolution you want to track. By default it is the same as the chart.
You can position the table to whichever corner of the chart you want. By default it draws in the bottom right corner.
Background colors and text size can be adjusted.
Indicators Used:
Oscillators
RSI(14)
STOCH(14, 3, 3)
CCI(20)
ADX(14)
AO
Momentum(10)
MACD(12, 26)
STOCH RSI(3, 3, 14, 14)
%R(14)
Bull Bear Power
UO(7,14,28)
Moving Averages
EMA(5)
SMA(5)
EMA(10)
SMA(10)
EMA(20)
SMA(20)
EMA(30)
SMA(30)
EMA(50)
SMA(50)
EMA(100)
SMA(100)
EMA(200)
SMA(200)
Ichimoku Cloud(9, 26, 52, 26)
VMWA(20)
HMA(9)
Pivots
Traditional
Fibonacci
Camarilla
Woodie
WARNING: I have observed up to a couple of seconds of signal jitter/delay, so use it with caution in very small resolutions (1s to 1m).
I hope you enjoy this and good luck with your trading. Suggestions and feedback are most welcome.
Technical Ratings on Multi-frames / Assets█ OVERVIEW
This indicator is a modified version of TECHNICAL RATING v1.0 available in the public library to provide a quick overview of consolidated technical ratings performed on 12 assets in 3 timeframes.The purpose of the indicator is to provide a quick overview of the current status of the custom 12 (24) assets and to help focus on the appropriate asset.
█ MODIFICATIONS
- Markers, visualizations and alerts have been deleted
- Due to the limitation on maximum number of security (40), the results of 12 assets evaluated in 3 different time frames can be shown at the same time.
- An additional 12 assets can be configured in the settings so that you do not have to choose each ticker one by one to facilitate a quick change, but can switch between the 12 -12 assets with a single click on "Second sets?".
- The position, colors and parameters of the table can be widely customized in the settings.
- The 12 assets can be arranged in rows 3, 4, 6 and 12 with Table Rows options, which can also be used to create a simple mobile view.
- The default gradient color setting has been changed to red/yellow/green traffic lights
ORIGINAL DESCRIPTION ABOUT TECHNICAL RATING v1.0
█ OVERVIEW
This indicator calculates TradingView's well-known "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" states using the aggregate biases of 26 different technical indicators.
█ WARNING
This version is similar, but not identical, to our recently published "Technical Ratings" built-in, which reproduces our "Technicals" ratings displayed as a gauge in the right panel of charts, or in the "Rating" indicator available in the TradingView Screener. This is a fork and refactoring of the code base used in the "Technical Ratings" built-in. Its calculations will not always match those of the built-in, but it provides options not available in the built-in. Up to you to decide which one you prefer to use.
█ FEATURES
Differences with the built-in version
• The built-in version produces values matching the states displayed in the "Technicals" ratings gauge; this one does not always.
• A strategy version is also available as a built-in; this script is an indicator—not a strategy.
• This indicator will show a slightly different vertical scale, as it does not use a fixed scale like the built-in.
• This version allows control over repainting of the signal when you do not use a higher timeframe. Higher timeframe (HTF) information from this version does not repaint.
• You can adjust the weight of the Oscillators and MAs components of the rating here.
• You can configure markers on signal breaches of configurable levels, or on advances declines of the signal.
The indicator's settings allow you to:
• Choose the timeframe you want calculations to be made on.
• When not using a HTF, you can select a repainting or non-repainting signal.
• When using both MAs and Oscillators groups to calculate the rating, you can vary the weight of each group in the calculation. The default is 50/50.
Because the MAs group uses longer periods for some of its components, its value is not as jumpy as the Oscillators value.
Increasing the weight of the MAs group will thus have a calming effect on the signal.
• Alerts can be created on the indicator using the conditions configured to control the display of markers.
Display
The calculated rating is displayed as columns, but you can change the style in the inputs. The color of the signal can be one of three colors: bull, bear, or neutral. You can choose from a few presets, or check one and edit its color. The color is determined from the rating's value. Between 0.1 and -0.1 it is in the neutral color. Above/below 0.1/-0.1 it will appear in the bull/bear color. The intensity of the bull/bear color is determined by cumulative advances/declines in the rating. It is capped to 5, so there are five intensities for each of the bull/bear colors.
The "Strong Buy", "Buy", "Neutral", "Sell" or "Strong Sell" state of the last calculated value is displayed to the right of the last bar for each of the three groups: All, MAs and Oscillators. The first value always reflects your selection in the "Rating uses" field and is the one used to display the signal. A "Strong Buy" or "Strong Sell" state appears when the signal is above/below the 0.5/-0.5 level. A "Buy" or "Sell" state appears when the signal is above/below the 0.1/-0.1 level. The "Neutral" state appears when the signal is between 0.1 and -0.1 inclusively.
Five levels are always displayed: 0.5 and 0.1 in the bull color, zero in the neutral color, and -0.1 and - 0.5 in the bull color.
█ CALCULATIONS
The indicator calculates the aggregate value of two groups of indicators: moving averages and oscillators.
The "MAs" group is comprised of 15 different components:
• Six Simple Moving Averages of periods 10, 20, 30, 50, 100 and 200
• Six Exponential Moving Averages of the same periods
• A Hull Moving Average of period 9
• A Volume-weighed Moving Average of period 20
• Ichimoku
The "Oscillators" group includes 11 components:
• RSI
• Stochastic
• CCI
• ADX
• Awesome Oscillator
• Momentum
• MACD
• Stochastic RSI
• Wiliams %R
• Bull Bear Power
• Ultimate Oscillator
