Fibonacci Inversion Fair Value Gaps | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Fibonacci Inversion Fair Value Gaps (IFVG) indicator! Inverse Fair Value Gaps occur when a Fair Value Gap becomes invalidated. They reverse the role of the original Fair Value Gap, making a bullish zone bearish and vice versa. This indicator plots the Fibonacci retracement levels of the IFVG, which often act like support & resistance levels.
Features of the new Fibonacci IFVGs Indicator :
Renders Bullish / Bearish IFVG Zones
Renders Fibonacci Retracement Levels Of IFVGs
Combination Of Overlapping FVG Zones
Variety Of Zone Detection / Sensitivity / Filtering / Invalidation Settings
High Customizability
🚩UNIQUENESS
This indicator stands out with its ability to render up to 3 Fibonacci retracement levels of IFVGs. Fibonacci retracement levels are widely used within trading, and we wanted to implement them for IFVG zones. You can also customize the FVG Filtering method, FVG & IFVG Zone Invalidation, Detection Sensitivity etc. according to your needs to get the best performance from the indicator.
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inverse Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG.
This indicator renders 0.618, 0.5 and 0.382 (can be changed from the settings) Fibonacci retracement levels of the IFVGs, which often act as support and resistances. Check this example :
⚙️SETTINGS
1. General Configuration
FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. This setting also switches the type for IFVG consumption.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
Show Historic Zones -> If this option is on, the indicator will render invalidated IFVG zones as well as current IFVG zones. For a cleaner look at current IFVG zones which are not invalidated yet, you can turn this option off.
2. Fibonacci Retracement Levels
You can enable / disable up to 3 different Fibonnaci Retracement levels at this group of settings. You can also switch their line styles between solid, dashed and dotted as well as changing their colors.
Candlestick analysis
Seasonal Tendencies - SMC IndicatorsA Seasonal Tendency refers to a historical price action behaviour that tends to repeat during specific times of the year, month over month.
It's a roadmap to navigate price action on the daily chart to help determine the medium to long-term bias.
Seasonal Tendencies are NOT an exact prediction of future price action but rather serve as a guideline for spotting high-probability opportunities when combined with other elements of SMC Price Action analysis, such as Order Blocks, Fair Value Gaps, etc...
The Seasonal Tendencies Indicator has been tested to match what ICT has taught in his lectures. It can be applied to any Market or Asset. However, it's limited by the maximum number of years available on tradingview.
Traders can use this Seasonal Tendencies indicator to support their already existing analysis as an added confirmation tool. This indicator should not be used as a main reason to enter a trade idea.
The Seasonal Tendencies Indicator can be used in 2 ways:
1) To look for potential points of long-term reversals during specific times of the year.
2) To look for confirmation and align with an existing long-term trend.
So how does it work?
The Seasonal Tendencies Indicator takes the averages of the last 30, 10, and 5 years' prices by default and compares them to the current year's price action (Green Line).
However, the number of years chosen for the averages can be modified in the indicator's setting.
When looking at the historical price action lines, generally, the price tends to make the lows and highs during specific times of the year.
Note that we should not look at the exact dates these lows and highs form, but we take time periods conceptually instead.
In the example below, the SP500 5-year average made the low on 14 March, and the SP500 10-year average made the low on 23 March.
This gives us the idea that "generally" SP500 makes the low of the year around the 2nd to 3rd week of March every year.
So, IF the trader's analysis was pointing out that SP500 is Bullish, then we use the information that we derived from the Seasonal Tendencies Indicator to look for long setups around the 2nd to 3rd week of March for medium to long-term swing trades.
The Seasonal Tendencies Indicator can also be useful for day traders as it helps support their daily bias to look for trades within the direction of the higher timeframe trend.
How do we measure the strength of the Seasonal Tendencies?
When using the Seasonal Tendencies Indicator, it's important to look for periods where the averages converge and get closer to each other. This usually indicates that during those specific periods, there is a high probability for the price to behave in a certain way.
So the closer the averages are to each other, the more likely the price would respect the Seasonal Tendencies.
Bonus Feature
Premium Discount Range
As a bonus feature, split the Seasonal Tendencies Indicator's Range into 4 quarters to indicate when the price is at a Premium (above the 50% level in Red) and when the price is at a Discount (below the 50% level in blue).
Each Premium and Discount range is also split into 2 halves.
Those levels can also be used to identify potential turning points when comparing the Current Year's price positioning in the Yearly Range to historical price action.
As you can see from the example below, most major turning points happen at around key price levels.
[TTM] HTF Candle Overlay (Power of 3)🌟 Overview 🌟
Introducing the all-new Higher Timeframe Candle Overlay indicator, crafted from the foundational principles of AMD (Accumulation, Manipulation, and Distribution) and PO3 (Power of 3). Elevate your trading strategy with this innovative tool, designed to provide deeper insights into market dynamics.
Explore ICT's resources for detailed insights on leveraging this in your trading strategy.
🌟 Features 🌟
Display up to 20 historical candles from any timeframe higher than the current chart's timeframe.
Auto Timeframe feature dynamically sets the higher timeframe based on the current chart's timeframe. For instance, on a 15-minute chart, you can display 1-hour candles, and on a 1-hour chart, you can display 4-hour candles, eliminating the need to update the timeframe settings manually.
Load multiple instances of the indicator with different timeframes (e.g., 4H and Daily, as shown in the preview image).
Option to Show/Hide Candle open line.
Option to Show/Hide Candle Timeframe.
Option to Show/Hide each candle's time/day.
🌟 Coming Soon 🌟
Fair value gaps highlighted on HTF overlay candles.
Happy Trading!
TheTickMagnet
Equal Highs and LowsDescription:
The "Equal Highs and Lows" indicator is a technical analysis tool designed to aid traders by identifying and marking equal price levels directly on the trading chart. This indicator helps in spotting potential support and resistance zones by drawing lines between points where the price has formed equal highs or lows over a specified lookback period. It's a versatile tool that can be customized to fit various trading strategies and chart setups.
Features:
Customization Options: Users can adjust the appearance of the lines (color, width, and style) to match their chart setup or preferences.
User-Defined Lookback Length: The number of bars to look back for finding equal highs and lows can be set by the user, allowing for flexibility in different market conditions.
Debug Labels: An optional feature that provides labels at the points of equal highs and lows, useful for analysis and understanding the indicator's workings.
How It Works:
The indicator scans the chart within the user-defined lookback length to find bars where the high or low matches that of the current bar. When such a match is found, a line is drawn connecting these points. This process is repeated for each bar, ensuring that all significant levels of equal highs and lows are marked. The indicator is designed to be intuitive and does not predict future market movements but rather highlights important price levels based on historical data.
Usage:
Identifying Support and Resistance: The lines drawn by the indicator can be used to identify potential support and resistance zones, which are crucial for making informed trading decisions.
Strategy Development: Traders can incorporate the visual cues provided by the indicator into their trading strategies, using them as one of the factors for entry or exit decisions.
Originality:
This indicator offers a unique approach to identifying and visualizing equal highs and lows, providing traders with a clear view of significant price levels. Unlike standard indicators, it allows for extensive customization and applies an innovative method to enhance chart analysis.
Conclusion:
The "Equal Highs and Lows" indicator is a practical tool for traders looking to enhance their chart analysis with visual cues of significant price levels. Its customization options and innovative approach make it a valuable addition to the trading toolkit, suitable for various trading styles and strategies.
Candles ThemesGood morning,
Here is my first script as a pinecoder.
So I present to you my indicator: the “Candles Theme”.
Instead of searching for a long time in the chart settings to change the style of the chart, you can use this indicator which offers:
- 8 default themes.
- The ability to create a custom theme.
Themes :
- Pink - Blue : Dark and Light
- Classic : Dark and Light
- Blue - Orange Classic : Dark and Light
- Dark Monochrome : Only Dark
- Light Monochrome : Only Light
- Blue - Orange 2 : Light and Dark
- Pastel 1 : Light and Dark
- Pastel 2 : Only Light
Being a trader and PineScript developer, I often create scripts according to my needs like this, but this is the first time I have published it.
If you have any questions or suggestions for improvement, please let me know in the comments.
End
FTR Rules BoS/ChoCh MarkupThis indicator marks Break of Structure (BoS) and Change of Character (ChoCh) in the price structure on your charts. It runs on any timeframe. This indicator is useful for determining if you are seeing a trend change in the market or if you are only seeing a pullback with the market continuing in the direction of the trend. The indicator will look for price to break the previous BoS line or ChoCh line to mark a new BoS. When a BoS line is broken, it will then look for the lowest or highest pullback (depending on which way the market is trending) between to 2 BoS lines to mark the ChoCh line. When the ChoCh line is broken, it will mark that line as BoS and the previous BoS line will become ChoCh.
What makes this indicator unique from other BoS and ChoCh indicators is that it follows specific rules used by the FTR Trading group. The main difference is that the ChoCh line isn't changed to a BoS line from only a candle wick break. You will need a candle body break to move your BoS line to ChoCh. If a candle wick breaks your ChoCh line, you simply extend the ChoCh line to the new high or low of the wick. There are smaller differences that are proprietary to the FTR strategy.
STABLECOINS DEPEG FINDERSTABLECOINS DEPEG FINDER
With this script, you will be able to understand how DePeg in stablecoins USDT, USDC, and FDUSD can influence the TOTAL Market Cap.
WHAT IS DEPEG?
DePeg occurs when a stablecoin loses its peg. It can't maintain the $1.00 price for a while (or anymore). Traders can use DePeg for high-quality trading both in Crypto and Stablecoins. Usually, a Negative DePeg (e.g., 0.98%) means you can buy Stablecoins at a 2% discount. This translates to a 2% gain when the Stablecoin returns to its peg. Additionally, a Positive DePeg could be a good moment for selling or withdrawal.
WHY DEPEG MATTERS IN THE CRYPTO SPACE
Depeg in Crypto markets is primarily a matter of "earning from small differences in peg." If well understood, it can help traders and analysts to spot whales' next moves. Usually, when a negative DePeg (below $1) occurs, it means whales are in a hurry to sell their Stablecoin tokens for Crypto Tokens. In this hurry, they sell Stablecoins at a discount. In the short term, a Crypto pump is likely planned, and they buy the next x100 token.
On the other hand, a positive DePeg (above $1) means whales are in a hurry to convert tokens into Stablecoins because they are heavily selling Crypto Tokens. This leads to them paying more for Stablecoins. Positive Depeg is more interesting than Negative DePeg. Usually, it signifies an important sell-off in the crypto environment, creating high tension to safeguard your hard-earned money. Whales hurry to convert altcoins and tokens into stablecoins, causing a Positive Depeg (they are willing to pay more to be safe). Positive DePeg is plotted as Intense Background Color.
Identifying 'areas' where this occurs could help traders and analysts understand this highly manipulative market better and take positions.
THE SCRIPT
This script will help traders and analysts understand when USDT, USDC, and FDUSD depegged and how the crypto market reacted. It comes with the possibility to check and plot backgrounds when there's Positive DePeg or Negative DePeg for USDT, USDC, or FDUSD.
It's pretty useful for data analysis. In the bottom-right part, you can check the actual stablecoin peg for the three Stablecoins:
- Highest Positive DePeg in a given BackTrace
- Average Positive DePeg in a given BackTrace
- Actual Peg for USDT, USDC, FDUSD
- Average Negative DePeg in a given BackTrace
- Lowest Negative DePeg in a given BackTrace
UNDERSTANDING THE BACKGROUND PLOT
NEGATIVE DEPEG
For each Stablecoin, negative DePeg is plotted as Translucent Background Color: USDT lime, USDC aqua, FDUSD grey. You can choose from settings whether it needs to be enabled or disabled for each token.
POSITIVE DEPEG
For each Stablecoin, positive DePeg is plotted as Intense Background Color: USDT lime, USDC aqua, FDUSD grey. You can choose from settings whether it needs to be enabled or disabled for each token.
USE CASE EXAMPLES
With this script you can plan to be alerted WHEN one of those stablecoin are depegging over a threesold. Than you can act accordingly.
BUY OPPORTUNITY
Let' suppose you want to see how USDC can influence Crypto Price when deppeged
I've setup signal to be plotted only for negative Depeg when USDC goes below 0.998. As you can see it was a very good and nice buy area for the entire crypto market
SELL OPPORTUNITY
Spot a selling point could be harder. In the example below let's see how USDC positive DePeg can show signal of Crypto dump earlier in daily TF
Lined Psychological Levels [Dollar and 50 Cents]This indicator plots significant psychological price levels at 50 cent and dollar intervals. These levels often act as key support and resistance in the market, as traders tend to place orders around round numbers. By highlighting these levels, traders can easily visualize and potentially anticipate areas of price consolidation or breakout.
OHLC Statistical Mapping [Pro+] (Joshuuu)Description:
Dive into the intricate world of candlestick analysis with the OHLC Statistical Mapping Pro+! This collaboration with Joshuuu offers a closer look into the historical data of specific candles within an analyst’s chosen timeframe, providing insights for future time and price delivery. Incorporate this interactive tool into your Tradingview templates and revolutionize your strategies with data. This advanced indicator goes beyond conventional OHLC representation, incorporating the principles of Inner Circle Trader (ICT) to explore accumulation, manipulation, and distribution candle-by-candle.
ICT traders identify manipulation as the wick opposing to the candle’s close. Analysts can observe manipulation legs seen as a movement to trap market participants in the "wrong" direction, to anticipate a candle's distribution.
When price distributes, it expands for higher or lower prices. Analysts can therefore note distribution levels for a draw on liquidity, retracement, or reversal.
These levels will provide important information about orderflow when price trades through them and the sequence in which the delivery occurs.
Additionally, to amplify the price mapping, this tool plots the average Time at which its manipulation and distribution phases should complete. This feature allows traders to utilize historical Timings in conjunction with the price levels of manipulation and distribution.
As with any historical data driven tool, analysts should not expect past behaviour to match future performance. This tool was created with a data driven edge to bring attention to when candles are likely to turn after their manipulations, or retrace after completing set distributions.
Key Features:
Average Range Precision: Visualize candlestick data through a sophisticated line and label-based format, facilitating the identification of your manipulation, distribution, and time pivots. Enhance your comprehension of market volatility by graphing the average range of your selected candle timeframe. This metric acts as a compass, steering you towards potential support and resistance areas.
Tailored Timeframe Selection: Tailor your analysis by choosing a specific time frame that aligns with your trading strategy, enabling a focused exploration of the candle’s manipulation, distribution, and time in which both levels are hit.
Real-time Information Flow: Monitor market developments with instantaneous updates on candlestick statistics. Each candle updates the script with latest OHLC information providing continuous historical data computations, even on timeframes sub 1 minute.
Historical Mapping:
Easily backtest previous mappings by enabling the historical mapping feature. This feature allows traders to revisit and analyze past market scenarios, offering a valuable tool for refining and validating trading strategies. Choose to show historical labels or remove them, giving ultimate flexibility for journaling.
User-Intuitive Interface: Navigate effortlessly through the tool's interface, designed to accommodate advanced traders with keen passion for data driven precision. Effortlessly customize the display settings to match your preferences, ensuring a seamless and personalized experience.
Usage Guidance:
Add OHLC Statistical Mapping Pro to your Tradingview chart.
Choose up to 5 timeframes for the mapping to plot on your chart, be sure to adjust your style and visual preferences to differentiate the timeframes’ levels.
Observe how calculated manipulation, distributions, and delivery times align together with predetermined analysis.
Leverage this information with other models and insights to create a stronger narrative for your analysis
These tools are available ONLY on the TradingView platform.
Terms and Conditions
Our charting tools are products provided for informational and educational purposes only and do not constitute financial, investment, or trading advice. Our charting tools are not designed to predict market movements or provide specific recommendations. Users should be aware that past performance is not indicative of future results and should not be relied upon for making financial decisions. By using our charting tools, the purchaser agrees that the seller and the creator are not responsible for any decisions made based on the information provided by these charting tools. The purchaser assumes full responsibility and liability for any actions taken and the consequences thereof, including any loss of money or investments that may occur as a result of using these products. Hence, by purchasing these charting tools, the customer accepts and acknowledges that the seller and the creator are not liable nor responsible for any unwanted outcome that arises from the development, the sale, or the use of these products. Finally, the purchaser indemnifies the seller from any and all liability. If the purchaser was invited through the Friends and Family Program, they acknowledge that the provided discount code only applies to the first initial purchase of the Toodegrees Premium Suite subscription. The purchaser is therefore responsible for cancelling – or requesting to cancel – their subscription in the event that they do not wish to continue using the product at full retail price. If the purchaser no longer wishes to use the products, they must unsubscribe from the membership service, if applicable. We hold no reimbursement, refund, or chargeback policy. Once these Terms and Conditions are accepted by the Customer, before purchase, no reimbursements, refunds or chargebacks will be provided under any circumstances.
By continuing to use these charting tools, the user acknowledges and agrees to the Terms and Conditions outlined in this legal disclaimer.
[Spinn] All Time High MonitorThis indicator is made in addition to the free |Spinn| All Time High indicator (here's the link: click ). With this Monitor, you can see the status of a large number of coins at once and choose a coin for analysis, while with the second indicator, you can analyze the chart of the selected coin.
Definitions
For simplification, in the following text, I will refer to the price movement from one value to another, expressed in percentages and/or multiples, as "distance".
ATH - All Time High
Low - the minimum reached after the ATH
Price - current price
Last Dump - distance from ATH to Low
Potential Growth - distance from Price to ATH
The indicator displays a table with the names of the coins. For each coin, you can see the distance from Price to ATH, and the distance from ATH to Low.
Since it is impossible to process more than forty coins in one indicator, the table contains up to forty coins (plus you can see the current coin). However, you can make several copies of the indicator and monitor up to nine tables simultaneously on one chart in different parts of the screen - that's more than three hundred coins. By the way, to prevent the current chart from obstructing the view, I recommend hiding it - for this, you need to click on the 👁️ next to the coin's name in the object tree (on the right, on the panel).
The code of the indicator includes 360 coins (9 sets of 40 coins), taken from the Coinmarketcap website at the time of the indicator's publication, and exchanges: Binance, Bybit, Okx, Bitget, BingX, and Huobi. Additionally, there is an option to set your custom set of coins (in the zero set). By default, the coins are sorted by the Coinmarketcap rating, but they can be sorted alphabetically. In the settings, you can specify any exchange and base currency (by default, it is USDT).
If a particular coin is not traded on the exchange, the background will be dark gray. You can set three thresholds of multiples, for which coins will be highlighted in different colors. Additionally, coins with the last dump of 99% or more are marked with the ⛔️ sign (you can change this parameter).
The indicator works on a weekly timeframe, if the timeframe is smaller, an error will be displayed. This is done to ensure that historical bars are not "cut off" on junior timeframes. Moreover, the indicator works faster this way.
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Этот индикатор сделан в дополнение к бесплатному индикатору |Spinn| All Time High (вот ссылка на него: тыц ). С помощью данного Монитора вы можете увидеть статус большого количества монет одновременно и выбрать монету для анализа, с помощью второго индикатора вы можете анализировать график выбранной монеты.
Определения
Для упрощения дальше в тексте я буду называть расстоянием ход цены от одного значения к другому, выраженный в процентах и/или иксах.
ATH - исторический максимум
Low - минимум, который был достигнут после ATH
Price - текущая цена
Последний дамп - расстояние от ATH до Low
Потенциальный рост - расстояние от Price до ATH
Индикатор выводит таблицу с названиями монет. Для каждой монеты можно увидеть расстояние от Price до ATH, расстояние от ATH до Low.
Поскольку невозможно обрабатывать более сорока монет в одном индикаторе, то таблица содержит до сорока монет (плюс можно видеть текущую монету). Однако можно сделать несколько копий индикатора и мониторить на одном графике одновременно до девяти таблиц в разных частях экрана - это три с лишним сотни монет. Кстати, чтобы текущий график не закрывал обзор, я рекомендую его скрыть - для этого надо кликнуть на 👁️ возле названия монеты в дереве объектов (справа, на панели).
В код индикатора зашиты 360 монет (9 наборов по 40 монет), взятых с сайта Coinmarketcap в момент публикации индикатора, а также биржи: Binance, ByBit, Okx, BitGet, BingX, Huobi, GateIO, MEXC, CoinEx и KuCoin. Кроме того, есть возможность задать свой кастомный набор монет (в нулевом наборе). По умолчанию монеты отсортированы по рейтингу Coinmarketcap, но их можно отсортировать по алфавиту. В настройках можно задать любую биржу и базовую валюту (по умолчанию это USDT).
Если данная монета не торгуется на бирже, то фон будет темно-серый. Вы можете задать три порога иксов, для которых монеты будут подсвечены разными цветами. Кроме того, знаком ⛔️ помечены монеты, у которых последний дамп составил 99% и больше (вы можете менять этот параметр).
Индикатор работаеть на недельном таймфрейме, если таймфрейм будет меньше, то будет выдана ошибка. Это сделано для того, чтобы не были «обрезаны» исторические бары на более младших таймфреймах. Кроме того, индикатор так работает шустрее.
[Spinn] All Time HighOverall, the cryptocurrency market moves cyclically upwards. There is a renewal of the All Time High (ATH), followed by a dump, accumulation over several years, and a new renewal of the ATH.
In a bullish cryptocurrency market, Bitcoin usually grows before other coins (which makes sense - the crowd invests money first in what is growing), then there is a shift of money from Bitcoin to altcoins, and altcoins catch up to Bitcoin (and often grow by larger percentages than Bitcoin, as their market capitalization is significantly less).
After Bitcoin grew and it became obvious that we are at the beginning of a bull market, I thought it would be a good idea to invest a certain amount in altcoins that have the potential for good growth. (By the way, I like the idea of closing half of the position at two times the gain to get back my investment and have free coins - even in the case of a "black swan" there will be profit and one can sleep peacefully.)
Therefore, I made this indicator to understand which alts are still at the bottom, to be able to buy them as an investment. Of course, this does not cancel out other analysis - the number of coins held by early investors, etc., but for starters, I wanted to choose a list of coins for further research.
The main goal of this indicator is to find coins that are far from their All Time High, to understand the distance they need to travel from the current price to the ATH. The indicator can also be used as a quick marker - to see on which exchanges from a given list the current coin is traded (for this, you can remove all drawing elements except for the second table) - after all, it's cool: you switch between coins and instantly see how many exchanges it is traded on.
In the process, the indicator searches for the All Time High (ATH), after which it searches for the Low, after which it searches for the High again. All three points are marked with horizontal lines. For simplicity, in the text below, I will refer to the price movement from one value to another, expressed in percentages and/or multiples, as "distance."
As a criterion for analysis, I chose the distance between the All Time High and the dump (distance from ATH to Low) after it. Firstly, I will not consider coins where the dump was more than 99%. Sure, many of them will shoot up and may even give hundreds of multiples, but I do not consider it sensible to experiment with them. Moreover, many coins have already grown quite significantly - they do not interest me either. In this study, I am interested in coins that existed before the beginning of Bitcoin's dump in the fall of 2021 and that can show from 5 to 10 multiples, as well as coins that fell very little during this Bitcoin dump, such as OKB from the Okx exchange.
The indicator outputs two tables. In the first one, it outputs values for the current chart:
Distance from the current price (Price) to ATH
Distance from Low to ATH
Ratio of segments |Low..Price| to |Price..ATH|
The same, but comparing not with the current price, but with High
The size of the drop (distance) from ATH to Low
Distance from Low to ATH
In the second one, it compares three indicators of the current trading pair on several exchanges (Binance, Okx, Bitget, Bybit, BingX, Huobi, GateIO, MEXC, CoinEx, KuCoin). You can set the names of the exchanges yourself:
Distance from Price to ATH
Distance from Low to ATH
ATH
Start date of trading for the trading pair (date of the first bar)
The size of the chart history in weeks
The indicator compares charts to USDT, USDC, USD, and USDT.P and selects the pair with the longest history. Here it shows the ticker of the selected currency
To understand how close we are to the All Time High, I analyze such parameters:
The size of the last big dump
How many percent from the current price is needed to reach ATH
How many percent we have already grown from the lowest point of the fall
What part of the path from the lowest point to ATH we have already passed
Furthermore, you can plot a dotted horizontal line on the chart, which will divide the distance from Low to ATH in a given ratio, for example, as 20 to 80 or as 10 to 90. This way, we can assess whether the price is below this line, which may help in our analysis.
It is intended that the indicator should work on a weekly timeframe; if the timeframe is smaller, there is a risk that not all historical bars will be processed, and then the results will be false. Nevertheless, on most charts, even the hourly timeframe works fine (although, perhaps, this depends on your subscription to Tradingview - lower subscriptions provide a smaller number of historical bars).
Note 1.
On coins with a short history, such analysis does not make sense, the indicator is useless. Also, if the coin made a new high and there has not been a dump yet, then the indicator has fulfilled its function, and it will only be useful on the next dump.
Note 2.
If the price made a +100% increase, then the value doubled, i.e., the coin made two multiples. If the price grew by 900%, then the value increased tenfold = 10 multiples.
Note 3.
This indicator is not a guarantee that the coin will reach its All Time High. It is merely a kind of calculator that helps analyze the price position on the chart and make trading decisions.
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В целом, рынок криптовалют движется циклически вверх. Происходит обновление исторического максимума (All Time High или ATH), потом происходит дамп, накопление в течение нескольких лет, и новое обновление исторического максимума.
На бычьем рынке криптовалют Биткоин обычно растет раньше других монет (это и понятно - толпа вкладывает деньги в первую очередь в то, что растет), затем происходит перелив денег из биткоина в альткоины, и альткоины подтягиваются к битку (и часто растут на бОльшие проценты, чем биткоин, так как их капитализация существенно меньше).
После того, как биткоин вырос и стало очевидно, что мы находимся в начале бычьего рынка, я задумался, что неплохо было бы инвестировать некую сумму в альткоины, которые имеют потенциал к хорошему росту. (Кстати, мне нравится идея закрывать половину позиции при двух иксах, чтобы вернуть себе инвестицию и иметь бесплатные монеты - даже в случае «черного лебедя» будет профит и можно спать спокойно.)
Поэтому я сделал этот индикатор, чтобы понять, какие альты еще болтаются внизу, чтобы успеть их купить в качестве инвестиции. Понятно, что никто не отменял прочий анализ - количество монет у ранних инвесторов и т.п., но для начала я хотел выбрать список монет для дальнейшего исследования.
Итак, главная цель данного индикатора - найти монеты, которые находятся далеко от своего исторического максимума, чтобы понять, какое расстояние им нужно пройти от текущей цены до ATH. Также индикатор можно использовать в качестве быстрого маркера - на каких биржах из заданного списка торгуется текущая монета (для этого можно убрать все элементы рисования кроме второй таблицы) - ведь это круто: переключаетесь между монетами и мгновенно видите на скольки биржах она торгуется.
В процессе работы индикатор ищет исторический максимум (ATH), после которого он ищет минимум (Low), после которого он снова ищет максимум (High). Все три точки отмечены горизонтальными линиями. Для упрощения дальше в тексте я буду называть расстоянием ход цены от одного значения к другому, выраженный в процентах и/или иксах.
В качестве критерия для анализа я выбрал расстояние между историческим максимумом и дампом (расстояние от ATH до Low) после него. Во-первых, я не буду рассматривать монеты, у которых дамп был больше 99%. Нет, конечно, многие из них выстрелят, и дадут может даже и сотни иксов, но ставить эксперименты с ними я не считаю целесообразным. Кроме того, многие монеты подросли уже достаточно сильно - они меня тоже не интересуют. В данном исследовании меня интересуют монеты, которые существовали до начала дампа битка осенью 2021-го года и которые могут показать от 5 до 10 иксов, а также монеты, которые на этом дампе битка упали совсем мало, как, например, OKB от биржи Okx.
Индикатор выводит две таблицы. В первой он выводит значения для текущего графика:
расстояние от текущей цены (Price) до ATH
расстояние от Low до ATH
соотношение отрезков |Low..Price| и |Price..ATH|
то же самое, но сравниваем не с текущей ценой, а с High
размер падения (расстояние) от ATH до Low
расстояние от Low до ATH
Во второй - он сравнивает три показателя текущей торговой пары на нескольких биржах (Binance, Okx, Bitget, Bybit, BingX, Huobi, GateIO, MEXC, CoinEx, KuCoin, названия бирж можно задавать самостоятельно):
расстояние от Price до ATH
расстояние от Low до ATH
ATH
Дата старта торгов по торговой паре (дата первого бара)
Размер истории графика в неделях
Индикатор сравнивает графики к USDT, USDC, USD и USDT.P и выбирает пару с самой длинной историей. Здесь он показывает тикер выбранной валюты
Для того, чтобы понять, насколько мы приблизились к историческому максимуму, я анализирую такие параметры:
размер последнего большого дампа
на сколько процентов от текущей цены надо вырасти, чтобы достичь ATH
на сколько процентов мы уже выросли от самой нижней точки падения
какую часть пути от нижней точки до ATH мы уже прошли
Кроме того, можно вывести на график пунктирную горизонтальную линию, которая будет разделять расстояние от Low до ATH в заданном соотношении, например, как 20 к 80 или как 10 к 90. Таким образом, мы сможем оценивать, находится ли цена ниже этой линии, что может помочь в нашем анализе.
Предусмотрено, что индикатор должен работать на недельном таймфрейме, если таймфрейм будет меньше, то есть риск, что не все исторические бары будут обработаны, и тогда результаты будут ложными. Тем не менее, на большинстве графиков даже часовой таймфрейм работает нормально (хотя, наверное, это зависит от вашей подписки на Tradingview - на младших подписках предоставляется меньшее количество исторических баров).
Примечание 1.
На монетах с короткой историей такой анализ смысла не имеет, индикатор бесполезен. Также, если монета сделала перехай и еще не было дампа, то индикатор выполнил свою функцию, и он пригодится только на следующем дампе.
Примечание 2.
Если цена сделала +100%, то стоимость увеличилась в 2 раза, то есть, монета сделала два икса. Если цена выросла на 900%, то стоимость увеличилась в 10 раз = 10 иксов.
Примечание 3.
Данный индикатор не является гарантией того, что монета достигнет своего исторического максимума. Он является лишь своего рода калькулятором, который помогает анализировать положение цены на графике и принимать торговые решения.
Chroma Structure [Orderflowing]Chroma Structure | Trend Identification | Pivot Analysis | Market Structure
Built using Pine Script V5.
Introduction
The Chroma Structure Indicator is an analytical tool designed for traders looking for a single script to help in analyzing the market using trend, pivots & structure.
Explainer:
This system integrates Trend Identification, Pivot Analysis, and Market Structure, offering a unique (but not perfect) framework for analysis.
Innovation and Inspiration
Drawing inspiration from a mix of market psychology, chaos theory, technical analysis, and established technical analysis concepts and proprietary code.
The Chroma Structure Indicator stands out for its innovative and colorful approach.
Price Fractals and Price-Fatigue Concepts
The pivot analysis and market structure components of the Chroma Structure Indicator are inspired from the study of price fractals and price-fatigue concepts.
Code for Trend Identification
The trend identification functionality within the Chroma Structure Indicator incorporates elements from our Ribbon Trend Code.
Originality and Usefulness
The originality of the Chroma Structure Indicator is in its 'full frame' approach to market analysis, combining technical analysis elements to offer a view of the markets behavior.
Core Features
Trend Identification: Uses a selection of the chosen moving average, allowing for customized trend analysis sensitive to market volatility. (EMA, SMA, WMA, HMA, Laguerre, LINREG & DEMA)
Pivot Analysis: Features price-fatigue concepts to identify pivotal market turning points, customizable to match individual trading strategies.
Market Structure: Offers a view of market levels and patterns, with the option to include key Fibonacci retracement levels.
Core Settings
1. Trend Identification
Foundation
At its core, the Trend Identification component can use a mix of moving averages, each selected for its properties with market momentum and smoothing of price data.
This blend allows for adaptation to volatility.
Customization
Traders have the ability to choose Trend Threshold, Signal/Filter & MA Types. (EMA, SMA, WMA, HMA, Laguerre, LINREG & DEMA)
Traders can also choose to view signals displayed on the chart with the 'Show Signals & Text' option.
(This can also be done without the Chroma Candles):
Application
Traders can customize the parameters, including type and length, to match their trading style.
This flexibility ensures that the trend signals remain relevant, whether in fast-moving Crypto or more stable Equity/FX markets.
2. Pivot Analysis
Foundation
Pivot Analysis in the concept of market/price exhaustion, where pivotal turning points are identified through a reading of price action and volume.
This analysis is tuned to detect potential shifts, offering early warnings of potential reversals.
Application
By adjusting the sensitivity settings, traders can tailor the Pivot Analysis to their risk tolerance and trading time-horizon.
Whether looking for short-term scalping moves or longer-term swing trades, this component provides help with potential entry and exit points.
3. Market Structure
Foundation
The Market Structure component is a fractal-based approach to give market levels and patterns.
This method has traditional fractal analysis to identify the structure that show areas of potential support, resistance, and changes in structure with breaks.
Customization
Traders can set the length threshold for market structure fractals.
Traders can set the configuration type, either using the candle body data or include wicks price data.
Traders have the flexibility to select key retracement levels (0.5, 0.618) and optionally include the 1.618 level for deeper market structure analysis.
The inclusion of Points of Interest (POI) lines further adds to the structural levels provided by the indicator.
Application
Traders can use the Market Structure to potentially plan their trades around structural levels, gives a potential way to exercise risk management and profit-taking.
The visual representation of these structures can help with the identification of breakout zones, consolidation areas, and potential reversal points.
Functionality
The Chroma Structure Indicator has been further fitted with functionalities like Points of Interest (POI) and pivot alerts.
These additions provide traders with signal alerts, enabling for faster reaction to signals from the indicator.
Detailed Functionality
The indicator's trend component adjusts in real-time (with no repainting) to market changes based on the signal configuration.
Pivot analysis is tuned to detect shifts in market momentum, offering traders early warnings of potential reversals.
The market structure analysis delves into the fractal nature of markets, identifying potentially significant levels.
Analysis and Interpretation
The Chroma Structure Indicator offers a layered analysis, with each component building upon the others to provide a potentially "full frame" view of the asset.
The synergy between Trend Identification, Pivot Analysis, and Market Structure enables traders to see the asset based on a confluence of factors, leading to a more uniform analysis approach.
Structure and Chroma Candle Coloring
Structure: The indicator shows the market structure; H/H (Higher High), L/H (Lower High), L/L (Lower Low), and H/L (Higher Low), providing visual cues for potential trend directions.
Structure Context / Break: Indicate structural contexts or potential breakout points.
Chroma Candles:
Green Candles show a bullish trend or an uptrend.
Red Candles represent a bearish trend or a downtrend.
Grey Candles shows a lack of a clear trend or a potential trend shift, signaling caution or a time of consolidation.
Blue Candles suggest a bullish bias or a potential uptrend, often appearing at the beginning of upward momentum.
Cyan/Light Green/Light Blue Candles are indicative of a bullish reversal or potential early signs of an uptrend reversal.
Yellow/Orange/Purple Candles signal a bearish reversal or potential early signs of a downtrend reversal, urging traders to prepare for possible changes in market direction.
Usage and Applications
This indicator works for various instruments.
It can help traders with:
Combining trend, pivot, and structure to plan potential trade entries and exits.
Offering visual help of the mechanics driving price movements.
Identifying key levels for setting potential stop losses and take profits, based on structure and pivot points through the colored candles.
Example of POI (Point of Interest):
Example of All Fibonacci Levels ON:
Example of Chroma Signals & Text ON:
Example of All Optional Settings ON:
The Value
By integrating these analysis concepts into a single tool, the Chroma Structure Indicator offers value to traders.
Its approach provides visuals of the potential underlying market structure, trend & potential pivots.
Conclusion
The Chroma Structure Indicator is a tool that stands out from the crowd.
It's a good addition for your trading system and can potentially give a full frame view of change in the market and its structure.
Its development is the result of extensive testing and countless revisions, designed to save time on your analysis.
Disclaimer
While the Chroma Structure Indicator is a unique tool for analysis, it is important for traders to remember that no tool can guarantee success.
Past performance is not indicative of future results.
Do not solely rely on the signals from the Chroma Structure indicator.
The indicator is meant to be used as confluence to an existing strategy.
Pattern indicatorRules are pretty simple for this indicator .we are searching candlestick pattern on current day high and low ..
*** Candlestick we are looking for ***
1) Bullish/Bearish Engulfing 2) Bearish/Bullish Harami 3)Hammer/Inverted Hammer
Rule for searching bullish candlestick ====>
1) searching for current day high and day low
2) looking for candlestick as Bullish Engulfing or Bullish Harami or Hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
Rule for bearish candles ====>
1) searching for current day high and day low
2) looking for candlestick as Bearish Engulfing or Bearish Harami or inverted hammer
3) if we got both rule 1 and rule 2 we are getting label ex- bullish engulfing
4) we can Enable/Disable Candlestick we don't want to search
Note -- i have created all indicator calculation ....
Disclaimer: market involves significant risks, including complete possible loss of funds. Consequently trading is not suitable for all investors and traders. By increasing leverage risk increases as well.With the demo account you can test any trading strategies you wish in a risk-free environment. Please bear in mind that the results of the transactions of the practice account are virtual, and do not reflect any real profit or loss or a real trading environment, whereas market conditions may affect both the quotation and execution
Candlestick Bias OscillatorCandlestick Bias Oscillator (CBO)
The Candlestick Bias Oscillator (CBO) with Signal Line is a pioneering indicator developed for the TradingView platform, designed to offer traders a nuanced analysis of market sentiment through the unique lens of candlestick patterns. This indicator stands out by merging traditional concepts of price action analysis with innovative mathematical computations, providing a fresh perspective on trend detection and potential market reversals.
Originality and Utility
At the core of the CBO's originality is its method of calculating the bias of candlesticks. Unlike conventional oscillators that may rely solely on closing prices or high-low ranges, the CBO incorporates both the body and wick of candlesticks into its analysis. This dual consideration allows for a more rounded understanding of market sentiment, capturing both the directional momentum and the strength of price rejections within a single oscillator.
Mathematical Foundations
1. Body Bias: The CBO calculates the body bias by assessing the relative position of the close to the open within the day's range, scaled to a -100 to 100 range. This calculation reflects the bullish or bearish sentiment of the market, based on the day's closing momentum.
Body Bias = (Close−Open)/(High−Low) x 100
Wick Bias: Similarly, the wick bias calculation takes into account the lengths of the upper and lower wicks, indicating rejection levels beyond the body's close. The balance between these wicks is scaled similarly to the body bias, offering insight into the market's indecision or rejection of certain price levels.
Wick Bias=(Lower Wick−Upper Wick)/(Total Wick Length) × 100
3. Overall Bias and Oscillator: By averaging the body and wick biases, the CBO yields an overall bias score, which is then smoothed over a user-defined period to create the oscillator. This oscillator provides a clear visual representation of the market's underlying sentiment, smoothed to filter out the noise.
4. Signal Line: A secondary smoothing of the oscillator creates the signal line, offering a trigger for potential trading signals when the oscillator crosses this line, indicative of a change in market momentum.
How to Use the CBO:
The CBO is versatile, suitable for various trading strategies, including scalping, swing trading, and long-term trend following. Traders can use the oscillator and signal line crossovers as indications for entry or exit points. The relative position of the oscillator to the zero line further provides insight into the prevailing market bias, enabling traders to align their strategies with the broader market sentiment.
Why It Adds Value:
The CBO's innovative approach to analyzing candlestick patterns fills a gap in the existing array of TradingView indicators. By providing a detailed analysis of both candle bodies and wicks, the CBO offers a more comprehensive view of market sentiment than traditional oscillators. This can be particularly useful for traders looking to gauge the strength of price movements and potential reversal points with greater precision.
Conclusion:
The Candle Bias Oscillator with Signal Line is not just another addition to the plethora of indicators on TradingView. It represents a significant advancement in the analysis of market sentiment, combining traditional concepts with a novel mathematical approach. By offering a deeper insight into the dynamics of candlestick patterns, the CBO equips traders with a powerful tool to navigate the complexities of the market with increased confidence.
Explore the unique insights provided by the CBO and integrate it into your trading strategy for a more informed and nuanced market analysis.
Inversion Fair Value Gap Consumption | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Inversion Fair Value Gap Consumption (IFVG) indicator! Inversion Fair Value Gaps occur when a Fair Value Gap becomes invalidated. They reverse the role of the original Fair Value Gap, making a bullish zone bearish and vice versa. IFVGs get "consumed" when market orders fill the gap occurred. With this indicator, you can now see the percentage of the IFVG's consumed part. For more information about the process, read the "HOW DOES IT WORK" section of the description.
Features of the new Consumption IFVG Indicator :
Render Bullish / Bearish IFVG Zones
See The Consumed Part Of The IFVG Zones
Combination Of Overlapping FVG Zones
Variety Of Zone Detection / Sensitivity / Filtering / Invalidation Settings
High Customizability
🚩UNIQUENESS
This indicator stands out with its ability to render the consumed part of IFVGs. You can see how much of the IFVG's gap is filled, with it's percentage. Also the ability to combine overlapping FVG zones will result in cleaner charts for traders. You can customize the FVG Filtering method, FVG & IFVG Zone Invalidation, Detection Sensitivity etc. according to your needs to get the best performance from the indicator.
📌 HOW DOES IT WORK ?
A Fair Value Gap generally occur when there is an imbalance in the market. They can be detected by specific formations within the chart. An Inversion Fair Value Gap is when a FVG becomes invalidated, thus reversing the direction of the FVG.
IFVGs get consumed when a Close / Wick enters the IFVG zone. Check this example:
⚙️SETTINGS
1. General Configuration
FVG Zone Invalidation -> Select between Wick & Close price for FVG Zone Invalidation.
IFVG Zone Invalidation -> Select between Wick & Close price for IFVG Zone Invalidation. This setting also switches the type for IFVG consumption.
Zone Filtering -> With "Average Range" selected, algorithm will find FVG zones in comparison with average range of last bars in the chart. With the "Volume Threshold" option, you may select a Volume Threshold % to spot FVGs with a larger total volume than average.
FVG Detection -> With the "Same Type" option, all 3 bars that formed the FVG should be the same type. (Bullish / Bearish). If the "All" option is selected, bar types may vary between Bullish / Bearish.
Detection Sensitivity -> You may select between Low, Normal or High FVG detection sensitivity. This will essentially determine the size of the spotted FVGs, with lower sensitivies resulting in spotting bigger FVGs, and higher sensitivies resulting in spotting all sizes of FVGs.
Show Historic Zones -> If this option is on, the indicator will render invalidated IFVG zones as well as current IFVG zones. For a cleaner look at current IFVG zones which are not invalidated yet, you can turn this option off.
Raids ScannerAn extension from my Liquidity Raids indicator is this market-wide scanner where multiple (configured) pairs are scanned for raids on the configured timeframe and listed in the chart.
This is particularly useful if you wanna get an idea of where HTF liquidity has been taken over a basket of pairs of your choice. If you don't want to use the table and would just want to be alerted about the raid, then you can do that as well.
As of now, it can support up to 30 pairs, will add more if necessary.
NOTE: Computation may be limited in some plans which will result in timeouts (everything works well in premium though), you can deselect some pairs if/when it happens.
[LCS] Bar HeatmapThe script is an overlay aimed at making price action within a range more comprehensible, i.e. what is the “story” that the band range is telling in relation to the price. You’ll see bars become brighter as they come near the upper or lower band, and dimmer around the average/middle of the two bands. This makes it easier to spot when the price is within an oversold or overbought area or when its experiencing a strong trend movement. The color shift from one to the other can also give a sense as to whether the price action is changing character (going from bullish to bearish or vice versa).
Settings are available for customization to the user's liking.
How to use:
1. Add the indicator.
2. Add another indicator to use as the source, such as Bollinger Bands, which provides upper and lower plots for a channel range.
3. Click the gear icon to access the indicator settings.
4. Mandatory: Select the Upper Band and Lower Band settings as the upper and lower plots from your source indicator of choice to define the range.
5. Save settings. You should now see bars on your chart.
6. Access the Chart Settings (not the indicator settings) and hide the Body, Borders, and Wick for the default candle bars to avoid overlap.
You may need to perform additional configuration steps in your source indicator to appropriately size the range of the upper and lower band plots for a meaningful visualization.
HTF Candle ProjectionsThe HTF Candle Projections indicator shows a number of candles from a higher time frame (HTF) projected to the right of the candles in the current timeframe. This can be very useful if you want to analyze two different timeframes without the need to switching between the different timeframes.
This indicator is highly inspired by the HTF Power of Three indicator by @toodegrees but is fully free and open source, it also have support for showing more than just one candle in the projection. It is also inspired by the HTF Candle Insights (Expo) indicator by @Zeiierman but differ in the way that it update the HTF candles in real time and also have support for showing Open/High/Low projections that also updates in real time.
This indicator is released under TradingViews default license ( Mozilla Public License 2.0 )
Hamilton - Wick Length PredictionWick Length Prediction is a Pine Script indicator crafted to empower traders by predicting the potential length and direction of the next candle's wick based on historical price action. By analyzing previous candles' wick sizes, this tool provides valuable foresight into future price dynamics, enhancing decision-making for traders.
Key Features:
Wick Percentage Analysis : Calculates the percentages of the upper and lower wicks from the previous candle relative to its total range, offering a predictive insight into the next wick’s potential direction and size.
Directional Bias Indicator : Identifies the longer wick between the previous candle's upper and lower wicks to suggest a directional bias—green indicates an upward prediction, while red suggests downward.
Targeted Plotting : Marks a horizontal line at the anticipated wick position for the forthcoming candle, aiding traders in identifying potential price rejection zones ahead of time.
Strategic Insights for Traders:
Understanding Market Pressure : Recognizes that wicks typically indicate pressure in the opposite direction of their occurrence, presenting potential targets for price movement towards the opposite side. This insight is invaluable for identifying reversal zones or continuation patterns.
Optimal for Scalping : Especially beneficial for scalpers, this tool helps in pinpointing precise entry and exit points by forecasting where the price might face opposition and potentially reverse or absorb the wick.
Timeframe Flexibility : While best suited for higher timeframes, it also delivers on lower timeframes during aggressive market movements, making it a versatile addition to your trading arsenal.
Application Tips :
Leverage in combination with other indicators and support/resistance levels to refine your trading strategy.
Ideal for enhancing price action analysis, providing a clearer understanding of potential market movements.
Use as a strategic complement to your existing approach, mindful of its predictive nature to inform better trading decisions.
Disclaimer: Trading involves significant risk. This tool aims to support a diversified trading strategy, but it's crucial to perform your own analysis and adopt appropriate risk management practices.
CPR by JBISIncludes CPR, Pivot Points and an EMA. This advanced technical indicator amalgamates critical components essential for robust market analysis: CPR (Central Pivot Range), Pivot Points, and EMA (Exponential Moving Average). Designed to empower traders with comprehensive insights, this indicator serves as a dynamic tool for chart analysis across various timeframes and markets.
CPR (Central Pivot Range):
Central Pivot Range, often abbreviated as CPR, represents a pivotal zone delineating critical support and resistance levels within a given trading session. Calculated from the previous session's high, low, and close, CPR helps identify potential reversal points and areas of price consolidation.
Pivot Points:
Pivot Points are key price levels derived from the previous session's high, low, and close. These levels serve as significant reference points for traders to anticipate potential price movements, gauge market sentiment, and formulate strategic entry and exit points.
EMA (Exponential Moving Average):
EMA, or Exponential Moving Average, is a widely-used trend-following indicator that places greater emphasis on recent price data. By smoothing out price fluctuations, EMA provides traders with a clearer depiction of market trends, facilitating timely decision-making and trend identification.
Key Features:
Customizable Parameters: Tailor the indicator settings to align with your trading strategy and risk tolerance.
Multi-Timeframe Analysis: Seamlessly analyze price action across different timeframes, enabling comprehensive market assessment and strategy formulation.
Visual Clarity: Intuitive chart visualization ensures easy interpretation of key levels and trend dynamics.
Real-Time Updates: Stay informed with real-time updates as market conditions evolve, empowering proactive decision-making and trade execution.
Pin Bar PrompterRecognition principle of the Pin Bar
1. The K-Chart has a long shadow line
2. The length of the long shadow line must be greater than 2/3 of the length of the body
3. The shadow line above the body is bearish Pin Bar; the shadow line below the body is bullish Pin Bar.
Pin Bar is just a K-Chart pattern and is only used as a basis for judgment and not as investment advice.
Pin Bar识别的逻辑
1.K线有长影线
2.长影线的长度大于整根K长度的2/3
3.影线在实体上方为：看跌pinbar；影线在实体下方为：看涨pinbar
Pin Bar只是一种K线形态，仅作为一种判断依据，不作为投资建议
Harmony Or Divergence WavesThis script visually identifies harmony and divergence within the market through an analysis of volume and price action over a specified lookback period. The script highlights these phenomena on the price chart, aiding traders in making informed decisions based on observed patterns.
What It Does:
The script operates on the principle of comparing volume and candle body sizes within two halves of a user-defined lookback period. It aims to detect periods of harmony, where price and volume trends move in synchrony, and periods of divergence, where they do not. Specifically, it:
Calculates the highest volume and corresponding lowest price point in the first and second halves of the lookback period.
Determines the increase ratios for price and volume between these two points.
Visualizes these findings by drawing lines and labels on the chart, with the color indicating harmony (green) or divergence (red).
Optionally displays a table with detailed metrics and an "End H/D Period" label to mark the analysis boundary.
How It Does It
It begins by iterating over each candle within the specified lookback period, dividing the period into two halves to compare early and later segments.
For each half, it identifies the candle with the highest volume and records its volume, the price at its lowest point, and the size of its candle body.
After identifying these key points, the script calculates ratios of price increase and volume increase from the first half to the second.
Using these ratios, it determines whether price and volume are moving in harmony or diverging.
Based on this analysis, it then dynamically draws lines connecting the two key points, with the line color indicating whether the period is classified as harmony or divergence.
Additionally, it can display a table with the calculated metrics for both points and their ratios, and optionally, a label to mark the end of the analyzed period.
How Traders Might Use It:
It Can Be Used To
Identifying potential reversal points: Periods of divergence may indicate upcoming changes in market direction, offering traders clues for entry or exit points.
Confirming trend strength: Harmony between price and volume trends can serve as a confirmation of the current market direction, suggesting a stronger trend that traders might follow.
Adjusting strategies: By observing the dynamics of price and volume, traders can adjust their trading strategies to better align with market conditions, potentially increasing their chances of successful trades.
Educational insights: The visual and tabular data provided by the script can help traders understand the relationship between volume and price action, enriching their market analysis skills.
Harmony or Divergence Single CandleThis script is designed for traders who seek to visually identify and analyze patterns of harmony and divergence in the price action of securities directly on their trading charts. The script provides a nuanced approach to understanding market sentiment and potential price movement directions by examining candle sizes and volumes over a specified lookback period.
What the Script Does:
The script overlays indicators on the price chart that highlight periods of harmony and divergence using background colors. These periods are determined based on comparisons between current candle sizes, candle volumes, and their respective simple moving averages (SMAs) over a user-defined lookback period.
Harmony : A state where the candle size and volume are either both above or below their respective averages, indicating a consensus or agreement in market direction.
Divergence : A state where there's a mismatch, such as a larger candle size with lower volume or vice versa, suggesting uncertainty or potential reversal in market trends.
How It Does It:
User Inputs : Traders can customize several parameters, including the lookback period for averages, whether to include wicks in candle size calculations, and preferences for displaying harmony and divergence indicators with specific colors.
Calculations :
- The script calculates the simple moving average (SMA) of volume and candle sizes (with an option to consider the full candle range including wicks or just the body) over the specified lookback period.
- It then compares the current candle's size and volume against these averages to identify states of harmony or divergence.
Visualization :
- Based on the user's input, it colors the background of the chart to reflect identified patterns. Each state (harmony above or below average, divergence with higher volume or larger candle body) can be highlighted with different colors, providing immediate visual cues to the trader.
What Traders Can Do With the Script:
Traders can utilize this script to enhance their technical analysis by:
Identifying Trend Consistency : Harmony indicators can signal strong trends where price action and volume confirm each other, possibly supporting continuation strategies.
Spotting Potential Reversals : Divergence indicators may highlight potential exhaustion points or reversals, especially when price moves significantly without corresponding volume support.
Customizing Analysis : By adjusting the lookback period, candle size consideration (body or including wicks), and visualization options, traders can tailor the analysis to fit their trading style and strategy.
