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Flux Charts MTF Supply and Demand Zones (Premium)Indicator Overview The Multi-Timeframe Supply & Demand Zones indicator by Flux Charts displays supply and demand zones on multiple timeframes with two different zone detection methods. These zones are commonly known as areas where there are lots of buyers/sellers present in the market. Adaptive Detection Method AMEX:SPY 5m timeframe, October 8 2023 Indicator Settings: (Timeframe: Chart & 15m, Method: Adaptive, Zone Multiplier: 1) Many times supply and demand scripts try and precisely define conditions that qualify for supply and demand zones. People, however, when locating supply and demand zones manually generally do not take a quantitative approach, rather looking for qualities in price action that have generalized qualities and trends. The adaptive algorithm uniqueness comes from adapting the human approach to work computationally. It generalizes the qualities of supply and demand zones and locates areas in the chart with an acceptable similarity. Specifically, it looks for consolidated areas within the chart that are preceded by a rise or fall in price. The rise or fall length has to be a certain ratio to the consolidation length. If the criteria are met it will draw the zone, if a zone already exists at that price level it will ignore it or merge them if they are different timeframes. This results in a much more consistent ability to identify areas of supply and demand. Basic Detection Method The basic detection method looks for areas where price made drastic movements within a small period of time, which could indicate a high level of buyers/sellers at the spot. Thus, these zones are formed and can be used as areas of trading where money is going in/out of the markets. Multi-Timeframe (MTF) S&D Flux Charts supply and demand script utilizes MTF. This allows for displaying zones from different timeframes on one chart. Utilizing higher timeframes is a common practice in trading, and it can be easy to forget about key levels & zones on higher timeframes which could cause reversals/bounces. Here is an example of a 15 minute supply zone formed on the NASDAQ, and with this indicator, you can also see this same 15 minute supply zone while being on a 5 minute candlestick chart, since you have the 15 minute zones enabled in the settings. This indicator offers supply & demand zones on multiple timeframes including the 5 minute, 15 minute, 30 minute, 1 hour, and 4 hour. Settings Method: Choose between the Supply & Demand zones detection (Basic / Adaptive) Zone Retests: Choose how retests should be considered. You can choose between a high/low candle wick entering a zone, or a candle closing inside of a zone to be considered a valid retest. Zone Invalidation: Choose how zones are invalidated. You can choose between a high/low candle wick exiting a zone, or a candle closing outside of a zone to be considered a zone invalidation. Zone multiplier: Adjust zone size (1 is recommended) Timeframe: Choose the timeframes you would like Supply & Demand zones to be displayed from. Zone Appearance: Adjust the colors of Supply/Demand zones Enable/Disable the center dashed line in zones Display Labels: Choose to toggle on/off retest & break labels Notifications: Choose what alerts you would like to receive. You can choose to have new zone formations, zone breaks, and zone retests.
Pine Script™ indicator
by fluxchart
32
VWAP Divergence | Flux ChartsThe VWAP Divergence indicator aims to find divergences between price action and the VWAP indicator. It uses filters to filter out many of the false divergences and alert high quality, accurate signals. Red dots above the candle represent bearish divergences, while green dots below the candle represent bullish divergences. The main filter for divergences focuses on ATR and the price movement in the past candles up to the lookback period. Divergences are determined when a price movement over the lookback period is sharp enough to be greater/less than the ATR multiplier multiplied by the ATR. Settings Under "Divergence Settings", both the lookback period and ATR multiplier can be adjusted. Due to the nature of the calculations, the ATR multiplier and the lookback period should be set lower on higher time frames. As price movements become more averaged, for example on the 15 minute chart, sharp price movements happen less frequently and are often contained in fewer candles as they happen on lower time frames. Less volatile stocks such as KO, CL, or BAC should also use lower ATR multipliers and lower lookback periods. Under "Visual Settings", you can change the color of the VWAP line, show alternating VWAP colors, adjust divergence signal size, and show the VWAP line.
Pine Script™ indicator
by fluxchart
7
HA,Renko, Linebreak,Kagi and Average all Charts Layouts in One This is an educational study, using the security functions provided by @PineCoders(big thanks to them for creating this ) in order to see the difference between multiple candle close plots using: Heikin Ashi Renko Linebreak Kagi Average of them all. Both the different securities and the average can be used as a source for different indicators like moving averages or oscillators getting with them some new and unique opportunities. If you have any questions, let me know !
Pine Script™ indicator
by exlux
8
Smart Target Introduction This is the first forward-looking indicator on TradingView! A normal moving average indicator will use two averages of differing lengths, referred to as “fast and slow” or “short and long” moving averages, to identify trends and potential trades. The Smart Target indicator uses the average trade profitability and trade duration of a moving average strategy to determine a forward-looking target that is specific to the chart that it has been applied to. Every historical trade is considered when the indicator determines the future price target of an asset and the accuracy will improve with time as new trade data is continually introduced. Indicator Utility If the fast-moving average crosses above the slow, a blue target will appear. A red target will appear when the fast-moving average crosses below the slow. The target will never change once it has been plotted and will not repaint in any way which means that it is fully functional for trading in real-time. Input Values The period length of the two moving averages will need to be determined by the user and can be changed in the indicator settings panel. View the full documentation on this indicator at this link: www.kenzing.com
Pine Script™ indicator
by GrantPeace
8