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Buyer/Seller Dominance ©TMW The "Buyer/Seller Dominance" indicator script, developed by Deepanshu Sharma under The Market Wisdom (TMW), is a powerful analytical tool designed for use on the TradingView platform. This script is released under the Mozilla Public License 2.0, and it offers traders and investors an innovative perspective on market dynamics by assessing the relative strength of buyers and sellers within a given time frame. Key Features: 1. Dominance Calculation: The indicator calculates the dominance of buyers and sellers over a specified number of candles. Users can define the number of candles (`n`) to consider in the dominance calculation. 2. Visual Representation: The script provides a visual representation of buyer and seller dominance using colored columns on the price chart. Green columns represent buyer dominance, while red columns represent seller dominance. 3. Balance Line: The indicator includes a dashed horizontal line at the zero level, representing a balance point between buyer and seller dominance. When the green and red columns cross this line, it signifies shifts in market sentiment. How it Works: The script divides the historical price data into segments of specified candle count (`n`) and assesses each segment's dominance. It calculates the volume associated with both green (bullish) and red (bearish) candles within each segment. If a candle's closing price is higher than its opening price, it is considered a green candle. Similarly, if the closing price is lower than the opening price, the candle is classified as red. The volume of each respective type of candle is then accumulated for each segment. The script plots the cumulative green candle volume as the "Buyer Dominance" column and the cumulative red candle volume as the "Seller Dominance" column. This visual representation helps traders gauge the ebb and flow of buyer and seller strength in the market. Disclaimer : The indicator is provided for informational purposes only and should not be considered as financial advice. It's important to conduct thorough research and analysis before making any trading decisions. The creator, Deepanshu Sharma, and "The Market Wisdom" team are not responsible for any trading losses incurred based on the usage of this indicator. Remember that trading involves risks, and historical performance may not necessarily predict future results. Always consider multiple indicators, market trends, and risk management strategies when making trading decisions.
Pine Script™ indicator
by Deepanshu-sharma
2
JK - Q SuiteThis indicator is primarily for identifying pauses in Stage 2 uptrends, modelled on Qullamaggie's style of trading, but fits well with many traders including William O' Neil. or Mark Minervini. I built this for my own purposes, and have gradually added range of tools into a single suite. My goal has also to be as clean as possible, while providing clear, actionable information. This suite includes all of the following: Moving averages (10, 20, 50, 200) Coloured bars showing tightening price (blue under 75% of ADR, orange under 50% of ADR) A 'markets' dashboard (top-right), showing the major indexes. Red if 10<20MA, or price <20MA A 'sectors' dashboard (top-right, below markets). Red if 5<10MA, or price <10MA - see note below Strength / Weakness information - two cells at the top, bottom-right. See below Stock information - glanceable stock info as quick filters. The thresholds for ADR, Average volume, and Dollar Volume can be customised. NOTE - if the 'tightening coloured candles' are not showing, the indicator needs to be at the top of the stack. Click the triple squares at the very bottom-right of the TradingView interface, and drag the indicator to the top, should work then! ============= Sectors These are based on the 11 official Sectors, tracked using index funds (XLY, XLK etc). HOWEVER, TradingView does NOT use the official 11 sectors - therefore I've done my best to match TradingViews ones to the official ones, but doesn't always work... e.g. 'Electronic Technology' is typically semiconductors, which are classes as 'Industrials', but Apple is the same sector in TV, but classed as 'Technology' using the official 11 Sectors. If TradingView move to use the official 11 I'll update this, but for now it's a best guess and will sometimes be wrong, sorry! Strength / Weakness information This was an experiment in trying not to give too much back to the market! Typically the strategy would be to sell if price closes below 10MA (Weakness), however there may be large pops that can be advantageous to sell into. The 'Strength' information (top cell, bottom-right), checks how far the price is extended above 10MA - this is customisable as a multiple of ADR. You may find that in weak markets (like now), it can be best to take profits quickly - in good markets, you could increase this as stocks make bigger or more sustained moves. ============= While I'm not the best coder - and I've hacked and tried and changed different things - this has been a labour of love and essential for me. If you have any suggestions, while I may or may not be able to implement them, I'm certainly open to ideas!
Pine Script™ indicator
by Se99jmk
16
3M_RANGE/ErkOzi/Hello Dear Investors, Today, I'd like to introduce you to an indicator called "3M Range" and explain how this indicator is calculated, as well as the kind of strategy it can offer. What is the 3M Range Indicator? "3M Range" is an analytical tool designed to identify and visualize market movements within three-month periods. This indicator employs specific levels and Fibonacci levels to assist investors in understanding market trends. How is it Calculated? The indicator utilizes the opening, highest, and lowest prices of three-month periods starting on Mondays. By using these prices, the indicator tracks weekly opening prices and marks the opening prices every Monday. How Does the Indicator's Strategy Work? Using this indicator, you can refine your long-term investment strategies: Identify Three-Month Periods: The indicator follows the opening, highest, and lowest prices in three-month periods. This allows for a clearer understanding of long-term trends. Utilize Fibonacci Levels: The indicator calculates Fibonacci levels to show support and resistance levels. These levels can help predict potential reversals or ongoing movements. Observe Monday Opening Prices: The indicator distinctly marks Monday opening prices. This helps you capture potential movements at the beginning of the week. Evaluate Trends and Opportunities: By using the indicator, you can observe long-term trends and potential market opportunities more clearly. In Conclusion, The "3M Range" indicator provides long-term investors with a better analytical tool by showcasing market movements within three-month periods. The indicator marks Monday opening prices and allows for analysis supported by Fibonacci levels. By using this indicator, you can shape your long-term investment strategies more consciously. Always remember that, as with anything, making careful and informed decisions is crucial when investing. I hope this indicator helps you better navigate your long-term investments. Note: Understanding market risks and utilizing analytical tools carefully is always important. Best of luck!
Pine Script™ indicator
by ErkOzi
Rectified BB% for option tradingThis indicator shows the bollinger bands against the price all expressed in percentage of the mean BB value. With one sight you can see the amplitude of BB and the variation of the price, evaluate a reenter of the price in the BB. The relative price is visualized as a candle with open/high/low/close value exspressed as percentage deviation from the BB mean The indicator include a modified RSI, remapped from 0/100 to -100/100. You can choose the BB parameters (length, standard deviation multiplier) and the RSI parameter (length, overbougth threshold, ovrsold threshold) You can exclude/include the candles and the RSI line. The indicator can be used to sell options when the volatility is high (the bollinger band is wide) and the price is reentering inside the bands. If the price is forming a supply or demand area it can be a good opportunity to sell a bull put or a bear call The RSI can be used as confirm of the supply/demand formation If the bollinger band is narrow and the RSI is overbought/oversold it indicate a better opportunity to buy options the indicator is designed to work with daily timeframe and default parameters.
Pine Script™ indicator
by Shagrath84
1
McClellan Indicators (Oscillator, Summation Index w/ RSI & MACD)Four indicators in one based on the McClellan Oscillator for both the NYSE and Nasdaq exchanges. Designed to be used in conjunction with each other- plot the Oscillator (Osc), Summation Index (MSI), and RSI/MACD of the MSI on both your SPX and Nasdaq chart. Select the exchange and indicator within the settings. These tools are secondary- but when the signals are combined with the action of the index and stocks can be helpful in identifying market turns and trend strength. McClellan Oscillator-- The Osc is a market breadth tool that uses a fast and slow EMA based on the difference between advancing and declining stocks on the exchange. Used primarily to identify breadth thrusts, divergences, and extremes (oversold/overbought). Plot horizontal levels to see when the market internals are extremely overbought or oversold, and take note of when the Osc is declining while the market is advancing or vice versa. McClellan Summation Index-- For intermediate trends the MSI is a running total of the Osc which can be used to confirm the strength of a trend, and spot potential reversals. A 10 period ema is included on this indicator, where crossovers can aid in spotting the change in trend of market internals, and divergences can identify when market internals are not in line with the trend. Shading is applied for when the internals are in a bullish or bearish trend. Two additional indicators are the RSI and MACD of the Summation Index. An overbought or oversold MSI RSI generally indicates a strong trend in the market internals, however you may want to take note when the RSI stalls and begins to "hook" in the opposite direction. This indicator has signals to show when the market internals may be turning and to be on lookout for trend change. Similarly- the MACD of the MSI identifies the strength of the trend, and crossovers can be used to help spot reversals. Shading is included in this indicator to spot the bullish/bearish trend of internals.
Pine Script™ indicator
by crutchie
Short Term IndeXThe Short-Term Index (STIX) is a simple market indicator designed to assess short-term overbought or oversold conditions in the stock market. Leveraging a combination of advancing and declining issues, STIX provides valuable insights into market sentiment and potential reversals. To enhance its interpretability and reveal the underlying trend with greater clarity, STIX has been refined through a Heiken-Ashi transformation, ensuring a smoother representation of market dynamics. Calculation and Methodology: stix = ta.ema(adv / (adv + dec) * 100, len) STIX is calculated by dividing the difference between the sum of advancing issues (ADV) by the total number of issues traded (ADV + DEC). This quotient is multiplied by 100 to express the result as a percentage. The STIX index ranges from 0 to 100, where extreme values indicate potential overbought (mainly above 60) or oversold (mainly below 40) market conditions. Heiken-Ashi Transformation: By applying a Heiken-Ashi transformation to STIX, the indicator gains improved visual clarity and noise reduction. This transformation enhances the ability to identify trend shifts and potential reversal points, making it an even more valuable tool for traders and investors. Utility and Use Cases: -The Short-Term Index (STIX) offers a range of practical applications- 1. Overbought/Oversold Conditions: STIX provides a clear indication of short-term overbought or oversold conditions, helping traders anticipate potential market reversals. 2. Reversal Points: STIX can help pinpoint potential reversal points in short-term market trends, providing traders with opportunities to enter or exit positions. 3. Trend Analysis: By observing STIX values over time, traders can assess the strength and sustainability of short-term trends, aiding in trend-following strategies. The Short-Term Index (STIX), enhanced by its Heiken-Ashi transformation, equips traders and investors with a tool for assessing short-term market conditions, confirming price movements, and identifying potential reversal points. Its robust methodology and refined presentation contribute to a more comprehensive understanding of short-term market dynamics, enabling traders to make well-informed trading decisions. See Also: - Other Market Breadth Indicators-
Pine Script™ indicator
by EliCobra
3
Bolton-Tremblay IndexThe Bolton-Tremblay Index (BOLTR) is a dynamic cumulative advance-decline indicator which incorporates the count of unchanged issues as a fundamental element. This index serves as a valuable tool for identifying shifts in market trends and gauging the overall strength or weakness of the market. To enhance its effectiveness and reveal underlying trends, BOLTR has been refined through a Heiken-Ashi transformation, resulting in a smoother and more insightful representation. Calculation and Methodology: r = (adv - dec) / unch var float bt = na bt := r > 0 ? nz(bt ) + math.sqrt(math.abs(r)) : nz(bt ) - math.sqrt(math.abs(r)) The BOLTR index is derived from a calculation involving three essential components: advancing issues (ADV), declining issues (DEC), and securities with unchanged closing prices (UNC). By formulating the ratio (ADV - DEC) / UNC, BOLTR captures the relationship between market movements and unchanged securities. This ratio then dictates whether the BOLTR index increases or decreases in the following period. If the ratio is positive, the index advances, and if negative, it retreats. This iterative process yields a cumulative index that reflects the evolving dynamics of market trends. Heiken-Ashi Transformation: The addition of a Heiken-Ashi transformation imparts a smoothing effect to the BOLTR index, revealing the underlying trend with greater clarity. This transformation diminishes noise and fluctuations, making it easier to identify meaningful shifts in market sentiment and overall market health. Utility and Use Cases: -The Bolton-Tremblay Index offers a range of applications that contribute to informed decision-making- 1. Trend Analysis: BOLTR provides insights into the changing trends of the market, helping traders and investors identify potential shifts in market sentiment. 2. Market Strength Assessment: By considering advancing, declining, and unchanged issues, BOLTR offers a comprehensive assessment of market strength and potential weaknesses. 3. Divergences: Traders can use BOLTR to detect divergences between price movements and the cumulative advance-decline dynamics, potentially signaling shifts in market direction. The Bolton-Tremblay Index offers a versatile toolset for interpreting market trends, evaluating market health, and making better informed trading decisions. See Also: - Other Market Breadth Indicators-
Pine Script™ indicator
by EliCobra
3
MarketSmith Daily Market IndicatorsMarketSmith Daily Market Indicators is designed to mimic the Daily Market Indicators tab found in MarketSmith. This tab contains 4 different secondary indicators to help gauge the health of the overall market. This indicator allows you to choose which of the 4 indicators to show, as well as which index to pull data from, Nasdaq or NYSE. There is also a snapshot table showing the following: # of stock advancing and up volume # of stocks declining and down volume # of stock unchanged and unchanged volume # of stocks making new highs and new lows Now let's look at the 4 indicators and how they work. Advance/Decline Line Plots the number of advancing shares vs the number of declining shares. Heavily weighted index stocks can skew price action, this line helps reveal that and whether most stocks are aligned with the trend. Short Term Overbought/Oversold Oscillator A 10-day moving average of the number of stocks moving up in price less the number of stocks moving down in price. 10 Day Moving Average of Up & Down Volume Two 10 day moving averages to represent the volume of all stocks. Blue line: total volume of all stocks moving up in price. Red line: the total volume of all stocks moving down in price. 10 Day Moving Average of New Highs & New Lows Two 10-day moving average to represent stocks making new highs and new lows. Blue line: The number of stocks making new price highs. Red line: The number of stocks reaching new lows. Note this indicator is designed to work on a daily time frame chart. Data typically updates 90 minutes after the close. Data may differ from Marketsmith due to different providers, however the general trends are the same.
Pine Script™ indicator
by Amphibiantrading
10
Gaussian Average Rate Oscillator Within the ALMA calculation, the Gaussian function is applied to each price data point within the specified window. The idea is to give more weight to data points that are closer to the center and reduce the weight for points that are farther away. The strategy calculates and compares two different Rate of Change (ROC) indicators: one based on the Arnaud Legoux Moving Average (ALMA) and the other based on a smoothed Exponential Moving Average (EMA). The primary goal of this strategy is to identify potential buy and sell signals based on the relationship between these ROC indicators. Here's how the strategy logic works Calculating the ROC Indicators: The script first calculates the ROC (Rate of Change) of the smoothed ALMA and the smoothed EMA. The smoothed ALMA is calculated using a specified window size and is then smoothed further with a specified smoothing period. The smoothed EMA is calculated using a specified EMA length and is also smoothed with the same smoothing period. Comparing ROCs: The script compares the calculated ROC values of the smoothed ALMA and smoothed EMA. The color of the histogram bars representing the ROC of the smoothed ALMA depends on its relationship with the ROC of the smoothed EMA. Green indicates that the ROC of ALMA is higher, red indicates that it's lower, and black indicates equality. Similarly, the color of the histogram bars representing the ROC of the smoothed EMA is determined based on its relationship with the ROC of the smoothed ALMA, they are simply inversed so that they match. With the default color scheme, green bars indicate the Gaussian average is outperforming the EMA within the breadth and red bars mean it's underperforming. This is regardless of the rate of average price changes. Generating Trade Signals: Based on the comparison of the ROC values, the strategy identifies potential crossover points and trends. Buy signals could occur when the ROC of the smoothed ALMA crosses above the ROC of the smoothed EMA. Sell signals could occur when the ROC of the smoothed ALMA crosses below the ROC of the smoothed EMA. Additional Information: The script also plots a zero rate line at the zero level to provide a reference point for interpreting the ROC values. In summary, the strategy attempts to capture potential buy and sell signals by analyzing the relationships between the ROC values of the smoothed ALMA and the smoothed EMA. These signals can provide insights into potential trends and momentum shifts in the price data.
Pine Script™ indicator
by NantzOS
Relative Strength Volume ComparisonThe Relative Strength Volume Comparison is a powerful tool that can help traders identify the current trend based on volume pressure and potential reversals. This oscillator is made of two lines and the overbought and oversold levels. Each of these two lines is a relative-strength formula that contains both the famous RSI and CCI formulas, smoothed by a Hull moving average. The two lines are different for input. The colored line is based just on price and changes color based on the relation with the other line. The second line uses as input an average of three different popular volume indicators: The OBV, the Accumulation/Distribution, and the PVT. Thanks to this tool, which uses 6 different formulas combined, traders can: - Identify the current trend direction, based on the color of the area fill and the first colored line - Identify potential reversal areas thanks to the overbought and oversold levels, customizable in the input section alongside the length and smoothing parameters.
Pine Script™ indicator
by OmegaTools
Price Depth Analysis to the MAHello Traders! Today, I bring you an indicator that can greatly assist you in your trading. This indicator aims to analyze the Expansion and Contraction process of the price in relation to a moving average. We refer to "Expansion" when the price moves away from the moving average; a significant expansion could signal that the asset is in a strong trend. On the other hand, when we refer to "Contraction", it's when the price approaches or returns to the moving average. A contraction could signal that the asset is losing momentum and might be preparing for a trend change or consolidation. To use the indicator, the first thing you need to do is define the type of analysis you want to perform (from the indicator settings) whether you want to evaluate prices above the moving average or below. You should also select the type of moving average and its period. The indicator will search for the maximum distance in all the chart bars, which will be represented with a yellow label. From that value, the indicator will generate a certain number of proportional levels (configurable up to 20) and will count all the bars that reached each level. This will be represented in a table showing both the number of bars that reached each range and the percentage in relation to the total bars of all ranges. Additionally, there's the possibility to view the ranges directly for the current price, providing a good reference. >> Alerts: The indicator comes with alerts that notify traders about specific price movements in relation to a moving average (MA). These alerts are triggered when the price enters different ranges, either above or below the MA. >> Settings: - Type of Analysis: Users can choose to analyze the price either above or below the MA. - Length of the moving average: Length of the MA. - Source of the moving average: Source to calculate the MA (e.g., close, open). - Type of moving average: Type of MA (SMA, EMA, WMA, VWMA, HMA). - Show Moving Average: Option to display or hide the MA on the chart. - Number of levels: Number of levels or ranges to categorize the distance between the price and the MA. - Number of decimals: Number of decimals to display in labels and tables. - Show Ranges: Option to display or hide the ranges on the chart. - Extend Range: Extension of the ranges into future bars. - Range Fill Transparency: Transparency of the range fill. >> Potential Utility of the Indicator: - Entry and Exit Optimization: By understanding the percentages of each range, traders can identify optimal levels to enter or exit a trade, maximizing profits and minimizing losses. - Risk Management: Range percentages can help determine market volatility. A range with a high percentage indicates greater volatility, which can be useful for setting wider stop losses or adjusting position size. - Overbought and Oversold Zone Identification: If a price is at the upper or lower extreme of its percentage range, it may indicate overbought or oversold conditions, respectively. These zones can be opportunities for counter-trend trades. - Momentum Assessment: A rapid change in range percentages can indicate strong momentum in a particular direction. Traders can use this information to ride the momentum wave or prepare for a potential reversal. - False Signal Filtering: By combining range percentage knowledge with other indicators, traders can filter out signals that might be less reliable, thus improving trade accuracy. - Strategic Planning: Knowing range percentages allows traders to adapt their strategies according to market conditions. For instance, in a market with narrow ranges and low percentages, they might opt for range strategies. In markets with wide ranges and high percentages, they might look for trend strategies. - Trend Strength Evaluation: If range percentages show that the price consistently stays at one end of the range, this may signal a strong and sustained trend. - Improved Trading Discipline: By basing trading decisions on quantitative data like range percentages, traders can trade more objectively and disciplined, avoiding impulsive or emotion-based decisions. >> Future Indicator Update: - In future versions, we plan to incorporate a detailed analysis based on the historical behavior of candles after the price enters a specific range. For instance, if after an upward movement the price enters a certain range and historically, the next candle tends to be bearish in a high percentage of occasions, this information will be highlighted and presented clearly to the user. The idea behind this addition is to provide traders with a statistical edge, allowing them to anticipate potential market movements with greater accuracy. Moreover, this information could be used to seek trading opportunities in smaller timeframes, aligning the trade direction based on the probability of this mentioned candle. >> Conclusions: - In summary, a detailed understanding of each range's percentages in an indicator provides traders with a valuable tool to analyze the market, make informed decisions, and enhance their trading. By grasping the significance of these percentages, traders can adapt their strategies and techniques to fully leverage the opportunities the market presents.
Pine Script™ indicator
by Dreadblitz
5
Upside Downside Unchanged VolumeUpside Downside Unchanged Volume Plot NYSE or NASDAQ Upside Volume, Downside Volume, or Unchanged Volume (e.g. UPVOL.NY, UVOL, or ADVN.NY) as a percent (values 0 to 1, where 1 = 100%) of Total Volume. Plot Day, Week, and Month volume and/or chart timeframe period volume. Plot volume as a histogram, line, or area. Plot various moving averages of volume points. Horizontal lines at 0, 10, 30, 50, 70, 90, and 100% levels. Inspired by Paul Desmond of Lowry’s Reports.
Pine Script™ indicator
by insideandup
3
EMA Power BandsHello! Today, I am delighted to introduce you to the "EMA Power Bands" indicator, designed to assist in identifying buying and selling points for assets moving in the markets. Key Features of the Indicator: EMA Bands: "EMA Power Bands" utilizes Exponential Moving Average (EMA) to create trend lines. These bands automatically expand or contract based on the price trend, adapting to market conditions. ATR-Based Volatility: The indicator measures price volatility using the Average True Range (ATR) indicator, adjusting the width of the EMA bands accordingly. As a result, wider bands form during periods of increased volatility, while they narrow during lower volatility. RSI-Based Buy-Sell Signals: "EMA Power Bands" uses the Relative Strength Index (RSI) to identify overbought and oversold zones. Entering the overbought zone generates a sell signal, while entering the oversold zone produces a buy signal. Trend Direction Identification: The indicator assists in determining the price trend direction by analyzing the slope of the EMA bands. This allows you to identify periods of uptrends and downtrends. Visualization of Buy-Sell Signals: "EMA Power Bands" visually marks the buy and sell signals: - When RSI enters the overbought zone, it displays a sell signal (🪫). - When RSI enters the oversold zone, it indicates a buy signal (🔋). - When a candle closes above the emaup line, it displays a bearish signal (🔨). - When a candle closes below the emadw line, it indicates a bullish signal (🚀). By using the "EMA Power Bands" (EMA Güç Bantları) indicator, especially in trend-following strategies and periods of volatility, you can make more informed and disciplined trading decisions. However, I recommend using it in conjunction with other technical analysis tools and fundamental data. *You can also use it with CCI as an example. With this indicator, you can identify potential trend reversals in advance and strengthen your risk management strategies. So, go ahead and try the "EMA Power Bands" (EMA Güç Bantları) indicator to enhance your technical analysis skills and make more informed trading decisions!
Pine Script™ indicator
by shncoskunn
Price Deviation Indicator (PDI)Management The Price Deviation Indicator (PDI) was developed by "DimArt". This indicator allows you to determine the percentage deviation of the price from its average value over a certain period of time. The larger the deviation, the higher the histogram on the indicator chart. The PDI indicator can be useful for identifying a trend reversal in combination with other technical indicators, such as RSI, MACD, and others. For example, if the RSI and MACD indicators show the beginning of a possible trend reversal, using the PDI indicator can confirm this signal by showing the deviation of the current price from the average price. This can help the trader make more accurate trading decisions based on a strong signal. Description To calculate the values of the "Price Deviation Indicator" (PDI), we use the following steps: • Determine the "Period" variable, which specifies the number of bars used to calculate the average price. (Default value is 20) • Calculate the average price over the specified period using the "sma()" (simple moving average) function. • Calculate the percentage difference between the current price and the average price using the formula: ((close - avg_price) / avg_price) * 100 . • Set levels to change the color of the histogram based on price deviation from the average value. "Histogram Color" is a parameter to customize the color of the histogram based on deviation levels. By default, if the deviation is more than 5%, the histogram will be red; if it is less than -5%, it will be green, and for all other deviations, it will be blue. However, this parameter can be changed to other values. • Draw a histogram of price change relative to the average value. The "Style" parameter allows you to choose the style of the indicator (histogram). By default, the "Histogram" style is set, but you can also select "Line on Close" or "Line on Open". Application of the Indicator The PDI indicator is based on the assumption that the price of any asset always tends to its mean value. Using PDI on higher timeframes allows you to determine the overall market trend, whereas on smaller timeframes, situations can be found when the price is in negative territory, and the histogram starts to smoothly transition from negative to positive value. This can be a signal to buy, as the price is likely in an oversold condition and ready to change its trend. On the other hand, if the strength of the price slows down or begins to approach 0, this may indicate that the asset is overbought and starting to turn towards oversold, which is a signal to sell. A beautiful feature of the PDI indicator is its simplicity and conciseness, which allows you to quickly and easily identify a trend change and make trading decisions based on a strong signal. Conclusion The "Price Deviation Indicator" (PDI) can be useful in analyzing price movements in the market. It allows you to calculate the relative difference between the current price and the average price, allowing you to identify market saturation and change in trend. The indicator can be used in technical analysis to make decisions about buying or selling assets on the exchange. It can also be useful for traders of different levels of experience, as its settings can be adapted depending on the user's needs and requirements. Overall, this indicator is one of the tools that can help in analyzing price and volumes to determine possible investment prospects in assets.
Pine Script™ indicator
by bashseo
2
ATRLevels 1.0.0The indicator shows the average daily ATR for the past N days from the beginning of the current session. The range is displayed using levels. If the price has approached the level of 100% or -100% it means that the price has passed its average distance and it is possible to consider points for price reversal. This can be confirmed by daily or weekly horizontal resistance/support levels. If the price has approached the levels of 25%, 50% or 75% and there are hourly or daily extrema at these levels, then we can consider situations on a false stabbing of these levels and a price pullback in the opposite direction. *The best confirmation of a bounce/reversal is the density in the scalper's stack. Settings: ATR Daily length - number of periods to calculate the daily ATR 100% lines - visual design of 100% and -100% levels 50% lines - visual design of the 50% level 25% and 75% lines - visual design of 25% and 75% levels
Pine Script™ indicator
by stupean
2
CVD+ - Multi Symbol Cumulative Volume DeltaEdit of TradingView's LTF CVD TradingView's CVD is already the most accurate CVD on the platform because of the LTF data. The purpose of the edit is to provide the ability to compare volume flow between multiple exchanges, futures & spot, multiple symbols or any other potential use case. All in single layout or even a single pane. Added features: - Option to manually select a symbol from which to calculate the LTF CVD - Option to normalize the selected symbol's CVD to the chart's symbol's CVD (Useful when you want to compare futures and spot on the same pane) - Label that displays the selected symbol's name and exchange - Changed presets to plot the CVD line as the predetermined option All of TV's original features remain the same.
Pine Script™ indicator
by In_Finito_
6
Sector MomentumThis indicator shows the momentum of a market sector. Under the hood, it's the MACD of the number of stocks above their 20 SMA in a specific sectors. The best insight it gives is to tell if the market is doing a sector rotation or having a full blown correction. Users have the options to choose a specific sector out of the 11 sectors: XLB, XLC, XLE, XLF, XLI, XLK, XLP, XLRE, XLU, XLV, XLY or show all them them by adding multiple indicators. Use this indicator similar to MACD to look for momentum acceleration, deceleration and turn in a sector. More importantly, users can open up the indicator for all sectors and then compare between each. Examples: 1. When we see momentum slows down in XLP and turn of XLK, it's a sign of sector rotation from consumer staple to tech. Money is going from defensive to riskier assets. Market is leaning towards risk-on mode. Stocks in tech have higher probability to outperform those in consumer staple. 2. When we see momentum subside across all sectors all at once or one by one, particularly both XLP, XLK/XLY, we'd expect market breadth is taking a hit across all sectors. This is not a sector rotation. A short to mid term market correction or drawdown is very likely.
Pine Script™ indicator
by kuantumk
1
Enhanced Parabolic SAR + EMA 200 + MACD SignalsParabolic SAR + EMA 200 + MACD Signals Indicator is a popular technical analysis tool used by traders to identify potential entry and exit points in the market. It combines three widely used indicators: Parabolic SAR, EMA 200, and MACD. The Parabolic SAR indicator helps determine potential price reversals. It places dots above or below the price chart to indicate the direction of the trend. When the dots are below the price, it suggests an upward trend, and when they are above the price, it indicates a downward trend. The EMA 200 (Exponential Moving Average 200) is a moving average that gives more weight to recent price data. It is often used as a significant support or resistance level. Traders consider the price to be in an uptrend if it is above the EMA 200 and in a downtrend if it is below the EMA 200. The MACD (Moving Average Convergence Divergence) is a trend-following momentum indicator that calculates the difference between two exponential moving averages. It consists of a MACD line and a signal line. When the MACD line crosses above the signal line, it generates a bullish signal, indicating a potential buying opportunity. Conversely, when the MACD line crosses below the signal line, it generates a bearish signal, suggesting a potential selling opportunity. To use the MACD-Parabolic SAR-EMA200 Indicator for trading, you can follow these guidelines: Buy conditions: 1. The price should be above the EMA 200. 2. The Parabolic SAR should indicate an upward trend (dots below the price). 3. The MACD delta (the difference between the MACD line and the signal line) should be positive. Sell conditions: 1. The price should be below the EMA 200. 2. The Parabolic SAR should indicate a downward trend (dots above the price). 3. The MACD delta should be negative. By combining these three indicators, traders can gain additional confirmation of the overall trend direction and make more informed trading decisions. However, it's important to note that no indicator guarantees successful trades, and it's always advisable to use additional analysis and risk management techniques in conjunction with technical indicators.
Pine Script™ indicator
by muhammedturan3465
1