High Impact NewsDo you have a difficult time remembering high-impact news events throughout the trading week? Now there is an indicator that allows the user to put labels directly on their charts at specific times in the future so news events won’t sneak up on the user.
Description
The “High Impact News” TradingView indicator by Infinity Trading gives the user complete control of three labels that can be set to any time and day of the trading week, even in the future. Each label can be displayed at a specific time, on a unique day of the week, and with custom text. Also, each label has a choice of over 20 emojis to display on the chart along with user-defined text. The text color and size can be independently adjusted.
The position of the labels on the chart can be easily moved up or down with 5 built-in presents: Current Week High, Current Day High, Current Price, Current Day Low, and Current Week Low. Additionally, each label has a separate buffer that allows the users to move the label up or down in increments of five. All of these user-controls ensure the labels are exactly where the user wants them on their charts.
Limitations
This indicator displays labels in the future. TradingView sets a limit of 500 bars/candles in the future you can interact on. This TradingView limit means that labels can only be drawn 500 candles in the future on any timeframe. On larger timeframes this is not a problem and one trading week can easily display any labels. But on smaller timeframes labels multiple days in the future will exceed the 500 candle limit. When a label exceeds the 500 candle limit the indicator will have a temporary error. THIS IS NOT A PROBLEM. Simply go back to a higher timeframe or wait until the label is within 500 candles. All of your Settings will be saved! This is just a limit placed by TradingView that cannot be overwritten.
Important Notice
As stated above, this indicator draws labels in the future on your charts. To achieve future labels, this indicator draws labels in the present and shifts them to the right (which is the future) certain number of bars. Please be aware of the following characteristics of this indicator:
Labels will not appear until after midnight EST on Monday of each trading week
Labels will not appear over the weekends
Labels set to “Monday” won’t appear until midnight EST on Monday (or later)
Labels set to “Tuesday” through “Friday” won’t appear until the time specified in the Settings on Monday. For example, a FOMC label set to 2pm EST on Wednesday will not appear on the chart until 2pm EST on Monday
On 1-Hour or 2-Hour charts, please note that labels with a non-hour time will be shifted slightly so they appear on the chart. For example, a label at 8:15 am on the 5-min chart will be adjusted to 8:00 am on the 1-Hour chart so the label will appear
The above characteristics are a result of having to draw the labels at a specified time (of the trading week) and then calculating how many bars it takes to get the label to the correct time in the future.
Cycles
Fetch TrendsThis indicator can be used as a tool to measure the strength of the current trend. It is also trying to achieve to alert traders on when a trend can shift.
In order to achieve this, it uses three simple indicators:
1: 9 Simple moving average
2: 50 Simple moving average
3: Rsi (14)
The moving averages are used to define the current trend of the market, and the rsi is used to measure the strength. We use a color gradient to reach our second goal with this indicator.
The gradient is calculated based on the rsi value, which means the trader can use this indicator to visualize the strength of the current trend. It also helps to alert the trader when the trend starts to shift.
Lets say we use green to signal a strong positive trend, and blue for a weak positive trend. The candles are green in a strong uptrend, and are getting more blue once the trend starts to weaken.
As soon as the trend shifts from bullish to bearish, the bars become a diferent color.
Gedhusek MasterReversionThe MasterReversion Indicator works as a scanner for possible price reversals.
How does it work?:
The main feature of this indicator is finding extreme price deviations from its mean. This is reached by calculating the average price deviation from its mean and then comparing it with the current price deviation. This deviation is expressed as a percentage in relation to the historically highest price deviation --> if the maximum deviation is 200 points and the current deviation is 180 points, than the percentage displayed is going to be 90%.
With knowing how extreme the current deviation is, we can do some good decision making about whether the market is ready to reverse to its mean or not.
The next feature of this indicator is classic SuperTrend indicator. This tool is mainly used for identifying shifts in the market trend and in this case it becomes very useful when catching the actual price reversion.
The key idea:
The main idea behind this tool is that the price can be away from moving average, but cant stay that way forever. Therefore its convenient to know when the reversion part might happen
How to use:
Generally, you would want to wait until the current price reaches certain percentage (you can see a label on the latest bar displaying current percentage deviation). After that happens, wait for a sign of pullback. For that you can use the built-in SuperTrend indicator or any other strategy that you like. Your potential Take Profit should be somewhere around the main moving average (it has a white colour) as you are speculating on mean reversion.
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Settings:
MA Period = Period of a moving average. Price deviations will be relative to this moving average, so as the value is larger, you will catch more significant price deviations and vice versa
Percentage Trigger = Specifies what percentage do you consider as significant.
ATR Period = Settings for a SuperTrend. Specifies a period of an ATR indicator. I like to use values 22 or 34. As the value is higher, the indicator will be generally less sensitive
ATR Multiplier = Also specifies a sensitivity of SuperTrend. As the value is higher, the SuperTrend is going to be less sensitive and vice versa
I would personally encourage you to experiment with the indicator first, so you can decide which inputs are the best ones for your style of trading.
Which markets and Time Frame:
This indicator works best on Forex and can be used on any TF.
It is possible to use it also on other instruments, but the settings has to be adjusted more.
Daily Manual KILLZONESThis indicator is to be used with "KILLSTATS", our indicator allowing to backtest on hundreds of days at which time, and which day the top/low of the day and week is formed.
"Manual Killzone" allows to define our statistical killzones by day of the week manually: you define your own rules according to your interpretation of our Killstats indicator.
It integrates a daily price action filter according to the ICT concept:
It will only display bullish probabilities (green) defined if and only if we are in discount and out of the daily range 25/75%.
Same for bearish probabilities (red)
The blue color is to be applied in case of reversal with high contradictory probability (Example: to be used for Tuesday from 2pm to 3pm, if Tuesday is a day with high probability to form a top, but 2pm/15pm is the time with high probability to form a bottom AND a top. Indecision => blue)
WARNING : Calculated according to Etc/UTC time : put "0" in the Timezone parameter of killstats.
It is necessary to use the replay mode regularly during the backtesting to update the data!
Investing ZonesInvesting Zones indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price.
-There is an area called "No trading Zone" where the price is too slow, It also has a Alma Trend Ribbon (blue for uptrend, pink for downtrend) that helps to make trading decisions.
-You can make shorts when the price enters the Yellow zone called the "Sell Zone" and the price is below the Alma trend, set the TP1 in the white dotted line, and TP2 in the white lower line
-You can make longs when the price enters the Green zone called the "Buy Zone" and the price is above the Alma trend, set the TP1 in the yellow dotted line, and TP2 in the yellow upper line
-It works in all timeframes, personally I use it in 1min, 5min and 1hr.
Trend Tracer IndexThis is the first iteration of an effort to make multiple well-known analytical tools collaborate to help give an objective consensus to the current market conditions.
This indicator ONLY works on a 1 Day Bitcoin Chart!
It contains the following indicators:
Puell Multiple (ours: )
Hash ribbons (by capriole_charles: )
Weekly moving average
Logaritmic growth curve (by quantadelic: )
Stock to flow model (ours: )
Each indicator can be viewed one at a time as either an overlay or oscillator version of itself. Make sure to read the tooltip (the little "i") on how to switch between them since you need to manually move it between the oscillator pane and the chart pane.
A global index was added which will take the average of all these indicators to show the final consensus.
You can assign weights to each indicator, this will affect the Global index. They can be viewed as a 0 to 1 or a 0 to 100 scale, it should work the same.
For example if you don't want the stock to flow index as part of your equation leave that at 0, maybe you want the weekly moving average at half it's weight you can put it at 0.5. This way the global index average will primarily be decided by the other 3 indicators, and slightly be affected by the weekly moving average.
There is a table that contains all the index values of each indicator for a quick overview.
Finally, alerts have been added for each indicator and the global index.
I will maintain this indicator with updates and perhaps even add more analytical tools based on any suggestions.
Trading SessionsThis indicator has the following base features:
Plots the session breaks of the Tokyo, London, and New York trading hours.
Plots the lunch break locations of the Tokyo session.
Plots the previous closes at the end of the Tokyo, London, and New York sessions. The New York previous close can optionally use the settlement close value from the exchange.
Plots a countdown and time location of the next session open and close for the Tokyo, London, and New York sessions.
By default, all sessions are prescribed in their local time zone. Daylight savings time is also accounted for. This makes the plots operate as expected no matter what your own local time zone setting is in Trading View.
S&P 500 Quandl Data & RatiosTradingView has a little-known integration that allows you to pull in 3rd party data-sets from Nasdaq Data Link, also known as Quandl. Today, I am open-sourcing for the community an indicator that uses the Quandl integration to pull in historical data and ratios on the S&P500. I originally coded this to study macro P/E ratios during peaks and troughs of boom/bust cycles.
The indicator pulls in each of the following datasets, as defined and provided by Quandl. The user can select which datasets to pull in using the indicator settings:
Dividend Yield : S&P 500 dividend yield (12 month dividend per share)/price. Yields following June 2022 (including the current yield) are estimated based on 12 month dividends through June 2022, as reported by S&P. Sources: Standard & Poor's for current S&P 500 Dividend Yield. Robert Shiller and his book Irrational Exuberance for historic S&P 500 Dividend Yields.
Price Earning Ratio : Price to earnings ratio, based on trailing twelve month as reported earnings. Current PE is estimated from latest reported earnings and current market price. Source: Robert Shiller and his book Irrational Exuberance for historic S&P 500 PE Ratio.
CAPE/Shiller PE Ratio : Shiller PE ratio for the S&P 500. Price earnings ratio is based on average inflation-adjusted earnings from the previous 10 years, known as the Cyclically Adjusted PE Ratio (CAPE Ratio), Shiller PE Ratio, or PE 10 FAQ. Data courtesy of Robert Shiller from his book, Irrational Exuberance.
Earnings Yield : S&P 500 Earnings Yield. Earnings Yield = trailing 12 month earnings divided by index price (or inverse PE) Yields following March, 2022 (including current yield) are estimated based on 12 month earnings through March, 2022 the latest reported by S&P. Source: Standard & Poor's
Price Book Ratio : S&P 500 price to book value ratio. Current price to book ratio is estimated based on current market price and S&P 500 book value as of March, 2022 the latest reported by S&P. Source: Standard & Poor's
Price Sales Ratio : S&P 500 Price to Sales Ratio (P/S or Price to Revenue). Current price to sales ratio is estimated based on current market price and 12 month sales ending March, 2022 the latest reported by S&P. Source: Standard & Poor's
Inflation Adjusted SP500 : Inflation adjusted SP500. Other than the current price, all prices are monthly average closing prices. Sources: Standard & Poor's Robert Shiller and his book Irrational Exuberance for historic S&P 500 prices, and historic CPIs.
Revenue Per Share : Trailing twelve month S&P 500 Sales Per Share (S&P 500 Revenue Per Share) non-inflation adjusted current dollars. Source: Standard & Poor's
Earnings Per Share : S&P 500 Earnings Per Share. 12-month real earnings per share inflation adjusted, constant August, 2022 dollars. Sources: Standard & Poor's for current S&P 500 Earnings. Robert Shiller and his book Irrational Exuberance for historic S&P 500 Earnings.
Disclaimer: This is not financial advice. Open-source scripts I publish in the community are largely meant to spark ideas that can be used as building blocks for part of a more robust trade management strategy. If you would like to implement a version of any script, I would recommend making significant additions/modifications to the strategy & risk management functions. If you don’t know how to program in Pine, then hire a Pine-coder. We can help!
90 Min Cycles Indicator PatekFynnip (RhyDoo)This indicator is for showing 90 minute cycles. You have an option to change the number of 90 minute cycles.
Also you can change on what timeframe the cycles should be visible. You can change when the 90 minute cycles should start.
You can use the Fib Points of 0.13, 0.33, 0.47, 0.67 and 0.8 inside the cycles.
This is mainly for Forex like AUDUSD , EURUSD , GBPUSD , NZDUSD , USDCAD and USDCHF .
You can also use this for Indices like US30, US100 and US500.
Daily Session Windows background highlight indicatorIn intraday studies of stock indexes and Forex I have this weird habit of highlighting premarket, core session, lunch break and extended session with different backgrounds. If done by hand, this is tedious work that has to be repeated daily.
I think this feature should be built-in in TradingView. But it isn't.
For a few months now, I have been using this tiny indicator that does precisely that job. It saved me literally hours of focus time and mistakes. I have decided to revamp it and release it. I'm sure it can be useful to others.
Features:
Background color highlighting for premarket , core session , lunch hour and extended session of the trading day.
Session timing preset to match US session, but can be customized.
Can be enabled or disabled on a day of the week basis, including week-end.
Timezone is selectable, matches the chart's instrument but can be set independently to track a different timezone.
Not affected by the timezone you decided to assign to the chat's time scale.
Ready for stock indexes, but can be used to highlight Forex sessions too.
KillstatsBacktest and identify at what times/days the high/low were formed. The periods are shown on the graph along with detailed statistics.
Exemple with "days : 600" and "13h : top 12%" : we understand that over 600 days, in 12% of the cases we have formed the top of the day at 13h.
up to 1000+ days studied to find favorable reversal time slots: killstats! The data presented can sometimes be... surprising.
Increasing/decreasing the timeframe on chart = increase/decrease the studied period.
A period of 1000 days ( UT : h1) allows to have solid but not exact statistics.
A period of 30 days allows to have current statistics but too little sample to know if the data is relevant.
I recommend looking for intersections of killstats over several periods: If over 1000 days AND 30 days, 3pm was a time with a high probability of forming a top, it is interesting to look for short positions between 3pm and 4pm.
The data is displayed in the form of a diagram whose visual allows to identify effective time slots.
Caution. Timeframe: h1 maximum for the study of the day's high/low to be correct - and daily maximum for the study of the week's high/low.
Caution2. Match the timezone with the input (by default set to GMT+1). So if you are at GMT+2, you must put "2" in timezone.
I recommend using this as part of an aggressive high frequency scalping strategy to make the most of your trading session - with the aim of quickly moving to TP1/BE and leaving your winning position open.
Planetary Ruler - Sun Hi Traders,
The objectives of this script are:
1. you can see the planetary schedule in certain periods (you can double check it in horoscopes.astro-seek.com)
2. you can see the correlation between planetary aspects and market reaction (is it turning or is it a swinghigh/ low? )
Those Dates are the planetary aspect happened (history & future), so when the planetary aspects arrived, we can forecast the turning or swinghigh/low in the market (cryptos, stocks, commoditties & indices)
in history we can observe what happened in stocks market if Sun Trine Saturn (example), if it made a turning or swinghigh/low,
and if the same planetary aspects happen again (in this case is Sun Trine Saturn), we can expect or forecast the turning or swinghigh/low will be happen again (history repeat itself).
Those lines are just a simply vertical lines that can help us backtesting easily, hopefully we can take profit from this planetary aspects..
Here is a glimpse of Financial Astrology..
FINANCIAL ASTROLOGY
Astrology is the study of the relationship between movements and interactions of the planets and human behaviour.
Financial Astrology is the study of the link between the movements and interactions of the planets with market behaviour
The alignment of planetary energy tends to provide a push or a force in one direction or another, can be positive or negative energies.
In financial astrology, each planet has a specific meaning.
Listed below is a general, simplified guide to how planets seem to affect current market movements, or what’s signified in a nation’s economy (after noting the aspects involved). In parentheses are the relevant industries to which each planetary energy belongs or ‘rules’.
Sun: Confidence, energy, often represents the business itself or its figurehead (Precious Metals speculation/stock market).
Mercury: Speed, movement and the principle of trading itself (telecommunications, the Media, publishing, travel and transport in general, footwear).
Venus: Small growth – traditionally the ‘minor benefic’ (clothing and fashion, the cosmetic industry, places of leisure/entertainment).
Mars: Energy, activity, speed, competition – traditionally the ‘minor malefic’ (sport, the military, weapons and armaments, steel).
Jupiter: Growth, expansion, high confidence (but also over-reaching ) success and speculation – traditionally the ‘Greater Benefic’ (‘Bull Markets’, banking, brokering, gambling institutions legal issues/law courts).consumer goods
Saturn: Stability, limits, downturns, pressure, low confidence, impediments, contraction – traditionally the ‘Greater Malefic’ (‘Bear Markets’, agriculture, construction, building and real estate).
Uranus: Change and volatility (the WorldWideWeb, inventions, digital technology, computing and innovation, the aeronautics industry; exploration/discovery, electricity, science and biotechnology).
Neptune: Uncertainty, often a negative for markets: unrealistic expectation (the advertising industry, fashion/glamour, shipping and maritime matters, tobacco/ alcohol, minerals, oil , medicine).
Pluto: Great power and its use, manipulation, drastic change – can represent Plutocracies, big business and monopolies (stocks and bonds, mining, nuclear industry, international crime and the Underworld).
This Planetary Aspects & Transits script (separately) only include:
1. Sun
2. Mercury
3. Venus
4. Mars
5. Jupiter
6. Saturn
7. Uranus
8. Neptune
9. Pluto
Aspects:
1. Conjuntion
2. Sextile
3. Square
4. Trine
5. Opposition
you can combine using 1 or more planets and aspects to get the best swinghigh/low or turning, due to time lag & time delay, +/- 1 day is stil valid for the turning or swinghigh/low
here are some examples of Planetary Ruler:
Planetary Ruler - Sun
DJI
XAUUSD
Planetary Ruler - Mercury
AAPL
FDX
Planetary Ruler - Venus
UA
PVH
Planetary Ruler - Mars
STLD
MT
Planetary Ruler - Jupiter
BTI
WMT
PG
Planetary Ruler - Saturn
FMC
MLM
Planetary Ruler - Uranus
NEE
VST
Planetary Ruler - Neptune
MDT
HUN
Planetary Ruler - Pluto
NIFTY50
BBCA
PS:
when you subscribe, you will get:
1. Planetary Aspects & Transits (9 Planets)
2. Retrogrades
3. Moon Phase, Moon Eclipse & 4 seasons
4. Easy Aspects (Trine & Sextile)
5. Hard Aspects (Opposition, Square & Conjuntion)
6. Gann Seasoanal Dates
7. Sun Ingress Zodiac
9. The symbols & dates will keep updated in the future
FomoDots®FomoDots® reversal timing indicator.
Comprehensive and easy to understand tool for timing entries, taking profit and managing risk.
Works on all timeframes and a brilliant compliment to any existing trading strategy.
Instructions:
Short Entry: When candle hits FomoDots® from underneath and the candle closes under the FomoDots® level. Stop loss at most recent high.
Long Entry: When candle hits FomoDots® from above and the candle closes above the FomoDots® level. Stop loss at most recent low.
DR/IDR V1Defining Range DR and Implied Defining Range IDR for regular Session and overnight Session
This script is showing the IDR and DR for the regular trading session and for the overnight session based on the rules from the creator of the DR/IDR concept.
It works for all major Forex Pairs, BTC, ETH and the US Equity indices. This concept is based on rules and has a 80 % probability to be correct.
It should be applied in the 5 Min. Timeframe.
The timings for the RDR are from 09.30 - 10.30 am New York local time.
The timings for the ODR are from 03.00 - 04.00 am New York local time.
Rules:
1. If price in the 5 Min timeframe closes above the DR high after 10.30 am or 04.00 am then the DR low will be with 80 percent probability the low of the trading session. This is called confirmation.
2. If price in the 5 Min timeframe closes below the DR low after 10.30 am or 04.00 am then the DR high will be with 80 percent probability the high of the trading session. This is called confirmation.
3. If price closes above the IDR high after 10.30 am or 04.00 am it is an early indication that the low of the DR will be the low of the day and vice versa.
Credits:
This script imports the recently published (VisibleChart) library containing functions that return values calculated from the range of visible bars on the chart.
bmistiaen helped me a lot with this script. Thank you a lot.
Price Average ZonesThis indicator shows the areas where LONGS or SHORTS can be made, the areas are calculated based on the mathematical averages of the high and low peaks of the price.
It also has a line that shows the average of the price movement. you can make shorts when the price enters the orange zone called the "Short Zone".
You can make longs when the price enters the orange zone called the sell zone.
It works in all timeframes, personally I use it in 1 min and in 1 hour.
SFC Smart Money Manipulation - Time, Advanced Market StructureThis indicator shows the market structure in more advanced way and different time cycles.
Markets moves in cycles and swings. The indicator will help to determine these cycles and swings by time and price. These are the two columns of the market understanding. The third one is volume/ momentum, but it will not be discussed here.
Advanced Market Structure
According to ICT and Larry Williams Market Structure is not only Highs and Lows.
They present more advanced understanding of the MS:
-Short Term Highs/ Lows
-Intermediate Term Highs/ Lows
-Long Term Highs/ Lows
Rules of how to determine the Swing Points according to Larry Williams:
"A market has made a short-term low when we have a day (or bar if you are using different time periods) that has a higher low on both sides. By the same token a short-term high will be a day (or bar) that has lower bars on both sides of it."
"A short-term high with lower short-term highs on both sides is an intermediate- term high. By the same token, a short-term low with higher short-term lows on both sides is an intermediate-term low."
"An intermediate-term high with lower intermediate-term highs on both sides of it is just naturally a long-term high by our definition, thanks to understanding market structure.
An intermediate-term low with higher intermediate-term lows on both sides of it is just naturally a long-term low by our definition, thanks to understanding market structure."
If the Highs and Lows are labeled properly there is high probability to predict the next High or Low. In this way the trader will know how the current trend is changing and what kind of retracement is coming - deep or shallow.
Timing
Market moves in time cycles.
There is a theory that the swings are equal by time and length. This is not always the case, but very very often.
Indicator time features:
- Swing Trading days - how many time market needed to form a swing. Only Long term(main) Swings are measured. This will help trader to label T-formations.
" T Formations is cyclically related for formations that can be drawn to project the time frame of likely turning points. Basically T-formations are based on the concept that the time distance between the starting low/high of the cyclical wave and its peak is likely to be subsequently repeated between that peak and the final low/high of that cycle."
- Seasonality - theoretically an asset should go up or down in particular yearly quarter. Practically the direction not always match to quarters. Thats why the indicator shows the theoretical seasonal direction and historical real direction.
Seasonal direction is automatically displayed or XAUUSD, XAGUSD, EURUSD, AUDUSD, GBPUSD. There is a ways to set the seasonality manually.
- Earnings Season - This time is very important for Stocks and Indices. Most of the time the assets are in bullish trend during the Earnings Seasons.
- Monthly separator - Shows the monthly time cycle
- Gold bullish months - There are studies on Gold market. They shows that Gold is very bullish in particular months. These are displayed.
The indicator works only on Daily Time Frame.
Bitcoin Long Time Cycle Detection (RGB Box)Hi!
I tried to analyze bitcoin's cycles since the beggining at INDEX:BTCUSD (on 1D timeframe) using some tools like Moving Averages and Ichimoku Cloud and Fibonacci Levels based on ATH prices of each cyle. Each cycle type is represented by colors:
1- Green is when the price is going to have a new ATH compared to the last ATH
2- Red is when the price is going to move down from the last ATH
3- Blue is when the price seems not going down anymore and moving up go get to the last ATH
The result is very interesting because each cycle has similar behaviours. The Main cycle is when there is a Green, Red and Blue and then there will be a Green again for the new cycle.
Logic of detecting Red part some times makes a Red between two Green s (which is normal but it makes a bit difference in the behaviour of the last part of that shorter Red part) so the valuable part is the Blue !
You can see the interesting noticable similarity of the Blue 's price movement and duration (written in the boxes).
What I understood from this model about each part was:
In the Greens, strongest candles of the whole market appear with higher volumes. which are the shortest parts too.
in the Reds, we see a lot of hammer candles here, price moves down step by step (unless it is going to have a NEW ATH which makes the duration of Red part vert shorter than the main Red parts before the Blue). Temporary resistances make some range channels but finally the price will go down a lot!
in the Blues, the main weak uptrend from the bottom which is finally going to see its last ATH price, but very slowly and weakly compared to the Green part. Some times there will be a lot of temporary downtrends too but in the end, price is going up. this part maybe the best time to buy for long time holding.
What makes this model interesting is that cycles match fundamental events like HALVING and periodic cycle analyses based on that.
In the last cylce we haven't seen the Blue Signal yet! so there should be alot of more patient till we say there will be no more down.
I hope it gives you more insight on the long term trend of crypto. I would be glad to hear your ideas to improve the model.
EMA Dashboard ChartStoryEMA Dashboard indicator is used for finding corrective during real time as well as where is taking support. It shows multiple timeframe along with multiple ema. From 5 mints charts to monthly chart and from 20 sma to 200 ema . So one can easily capture the price on different timeframe at single dashboard.
TT KillzonesThis indicator plots the 3 main trading zones : Asia, London, New York
Its is also possible to use a different color for the "High Trading Volume" timezone. It can be adjusted. Default is the overlapping time of London and New York Killzone
It also plots the CME open / close
This indocator can be used as example / copy for your own project!
Have fun!
Z Score BandThis is a band based on Z Score. What is Z Score? In layman's terms it's a method of finding outliers within a sequence of numbers. It's highly effective to quantify pump and dumps in the crypto market.
The middle line is a simple Exponential Moving Average, you can configure this with whatever period you prefer. It comes default with a period of 247 to which I find suitable for my style of trading. The upper and lower bound are determined by the standard deviation you choose in the settings, it comes with a default of 1.69 although I've heard people saying 2.5 is a better number to really pinpoint outliers.
Trading with this indicator is like trading with any band based indicator. The main difference is that this indicator's sole purpose when I wrote it is to help me find shorting positions in the futures market. On the contrary though, longs are also achievable although I rarely long the futures market.
If prices hit the upper bound and get rejected, it's probably because the move was an outlier, it doesn't happen often and when it does usually it reveals crypto's nature of buying spot and hedging short in the futures market. When prices stay above the upper bound, switch to a higher timeframe until we can see that it's still have some ways upwards.
What's true about using this as a shorting tool is also true with longs. However, it might not be as effective, I'd like to be proven wrong.
New Trading DayThis indicator creates an alert for a new trading day - as well as contains a variable that counts the number of bars that has passed since the trading day opened.
It posts the alert both on the chart and has an alert condition so it can be sent to you.
SpringBoard Delta (Bonds vs. Stocks Performance Oscillator)Bonds and stocks move "in tandem" over the current market context. Higher yields cause bonds and stocks to decline. What's interesting is the timing of when the equity markets try to decouple from the bond market. That is, stocks begin to rise, but bonds do not.
Let's apply the above observation to a cyclical oscillator. We calculate the difference between the change in the price of stocks and the change in the price of bonds. If stocks and bonds move "in sync", that difference will be zero. If stocks move up and bonds move down, we' ll see high values of this indicator.
I like to call the cyclical difference indicator between stock and bond changes "The Springboard." The following chart tells why.
Price Action AverageThis indicator is perfect for scalping in 1 minute, it consists of a channel and a line that is made up of the average of the highs and lows of the price in 12 and 64 cycles.
The channel has as its center a 7 cycles SMA, when the average line (Called Signal, the purple one) crosses the upper band it is time to make a Long.
If it crosses the lower band it is time to make a short, if the line returns to the channel a signal appears to close the operation.
The indicator works with all timeframes, I use it on the 1 hour chart and I do the trades in 1 minute.
