Opening Range & Daily and Weekly PivotsThis script is for a combination of two indicators: an Opening Range Breakout (ORB) indicator and a daily/weekly high/low pivot indicator. The ORB indicator displays the opening range (the high and low of the first X minutes of the trading day, where X is a user-defined parameter) as two lines on the chart. If the price closes above the ORB high, the script triggers an alert with the message "Price has broken above the opening range." Similarly, if the price closes below the ORB low, the script triggers an alert with the message "Price has broken below the opening range."
The daily/weekly high/low pivot indicator plots the previous day's high and low as well as the previous week's high and low. If the current price closes above yesterday's high or last week's high, the script triggers an alert with the messages "We are now trading higher than the previous daily high" and "We are now trading higher than the last week high", respectively. If the current price closes below yesterday's low or last week's low, the script triggers an alert with the messages "We are now trading lower than the previous daily low" and "We are now trading lower than the last week low", respectively.
In addition to the visual representation on the chart, the script also triggers alerts when the price crosses any of these levels. These alerts are intended to help traders make decisions about entering or exiting trades based on the price action relative to key levels of support and resistance.
High-Low Index
Rev FX Avg SpreadThis script intends to give you the average bid/ask price when using FX trade function on Revolut.
Best used with OANDA markets as the price source.
Market Structure MA Based BOS [liwei666]
🎲 Overview
🎯 This BOS(Break Of Structure) indicator build based on different MA such as EMA/RMA/HMA, it's usually earlier than pivothigh() method
when trend beginning, customer your BOS with 2 parameters now.
🎲 Indicator design logic
🎯 The logic is simple and code looks complex, I‘ll explain core logic but not code details.
1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under,
not use func ta.pivothigh()/ta.pivotlow()
2. once price reaching EMA’s SWING High/Low, draw a line link High/Low to current bar, labled as BOS
3. find regular pattern benefit your trading.
🎲 Settings
🎯 there are 4 input properties in script, 2 properties are meaningful in 'GRP1' another 2 are display config in 'GRP2'.
GRP1
MA_Type: MA type you can choose(EMA/RMA/SMA/HMA), default is 'HMA'.
short_ma_len: MA length of your current timeframe on chart
GRP2
show_short_zz: Show short_ma Zigzag
show_ma_cross_signal: Show ma_cross_signal
🎲 Usage
🎯 BOS signal usually worked fine in high volatility market, low volatility is meaningless.
🎯 We can see that it performs well in trending market of different symbols, and BOS is an opportunity to add positions
BINANCE:BTCUSDTPERP
BINANCE:ETHUSDTPERP
🎯 MA Based signal is earlier than pivothigh()/pivotlow() method when trend beginning. it means higher profit-loss rate.
🎯 any questions or suggestion please comment below.
Additionally, I plan to publish 20 profitable strategies in 2023; indicatior not one of them,
let‘s witness it together!
Hope this indicator will be useful for you :)
enjoy! 🚀🚀🚀
Session High and Low IndicatorThis script is meant for stocks that have a pre-market session. It is meant to be used on the 1 min time frame. This script will draw a green line at the high of pre-market, and a red line at the low of pre-market and extend these lines across the regular session day
This makes it easy to see if price action during regular market has broken above pre-market high or broken below pre-market low.
The high/low skips any quick spikes in price action (similar to what happens at 8:30 am every day).
One Minute Algo Run (OMAR)OMAR marks the High and Low range of the opening candle (1min is recommended default for trading this) based on the current time frame in current session.
Additionally it marks recommended 1x and 2x extensions of the ranges for taking profit that may also be adjusted as needed.
Symbols at Highs & LowsFor the chosen symbols (Defaults to XLV, XLF, IWM, QQQ), this displays a table that indicates (by color) if each symbol is at the high or low of day. When used with the main indexes, If all symbols are at highs or lows together, this can be a great indicator that a trend day is occurring in the market. You can customize the indicator to use up to 8 symbols of your choice. You can also customize the appearance so that it only displays an "All symbols are at the Lows/Highs" message. Finally, you can customize the % threshold to use when measuring how close to the high/low of day price needs to be in order to be considered "at high/low of day".
Day_Week_High_LowPlot lines for Daily weekly high and low. It helps to find support and resistance for weekly option trading. Weekly high low acts as Support and resistance.
5MSM BRAHMA//Created By Patrick199415
//High Low DayBox
study(title="High Low DayBox", shorttitle="High Low DayBox", overlay=true)
st = input(true, title="Show Todays OHLC?")
// sy = input(false, title="Show Yesterdays OHLC?")
ph = security(tickerid, 'D', high)
// pdh = security(tickerid, 'D', high)
pl = security(tickerid, 'D', low)
// pdl = security(tickerid, 'D', low)
//offs_daily = 0
plot(st and ph ? ph : na, title="Daily High", style=line, linewidth=1, color=blue)
//plot( sy and pdh ? pdh : na, title="Previous Daily High", style=cross, linewidth=1, color=lime)
plot(st and pl ? pl : na, title="Daily Low", style=line, linewidth=1, color=red)
//plot( sy and pdl ? pdl : na, title="Previous Daily Low", style=cross, linewidth=1, color=red)
HH & LL ScalperThis script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points.
Generally HH and HL shows up-trend, LL and LH shows down-trend.
If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically.
If you use smaller numbers for left/right bars then it will be more sensitive.
Rets High/Low (2.0 Special Uncensored Edition)This script can be used as a visual aid in seeing the last highs and lows of price in a specific time period. It automatically updates the plots if new highs or lows are made within the given lookback period.
This is a fairly basic version currently, with new added features coming in future updates such as range between high/low and half and whole number detection.
GS New Highs PointerWhat is this Indicator - This indicator i developed for identifying Highs and lows on weekly timeframe. It identifies new 52 weeks and 26 weeks high and during down trend market, it looks for new 6 month lows or 52 week lows
How to Use it - To use this indictor , You need to plot it in the chart and can be used in anytime frame. Whenever you see a stock showing green arrow below the price, then it means it has hit new 52 and 26 week highs. It basically means something interesting happening in that stocks and you can make your buy decision based on it if you are looking for momentum stocks
Market- It will work in any market condition Bull or bear if you are looking for momentum run
Condition - Use it when you are in satellite stocks and you want to identify if stocks is making new highs or not.
Aroon [Loxx]The Aroon indicator is a technical indicator that is used to identify trend changes in the price of an asset, as well as the strength of that trend. In essence, the indicator measures the time between highs and the time between lows over a time period. The idea is that strong uptrends will regularly see new highs, and strong downtrends will regularly see new lows. The indicator signals when this is happening, and when it isn't.
Included:
-Long and short signal cross entries
-Continuation long and shorts entries calculated by lagged same-signal cross-ups and cross-downs
This is an exact clone of the "Aroon" for MT4 indicator
NYSE New Highs vs New LowsNYSE New Highs vs New Lows is a simple market breadth indicator that compares HIGN, the number of new highs during that day, and LOWN, the number of new lows. The new highs are on top and lows are appropriately on bottom. Without averaging, it's a little chaotic so you can smooth them out as much as you want, and the top-right label shows how much you're smoothing.
Interpretation:
Essentially, we use $SPY or $QQQ as a proxy for what's going on in the market, but because the FAANG stocks are so heavily weighted, it's not always representative. If SPY is flat/down, but there are 200 new highs today, then one of the big boys is weighing down an otherwise very bullish market. It's like looking at one of those heatmap charts, but in a single number.
Bullish Trend
- Lots of new highs
- Very few new lows
Bearish Trend
- Lots of new lows
- Very few new highs
Potential Reversal
- Too high, 250+
- Too low, 150+
Lowest / Highest From WidgetRecent events inspired me to create a small widget that allows you to spot from when current value is lowest / highest.
Just add it to chart and script will compute most recent day when price was higher / lower than current and it will display:
Line coming from that value to the current one
A table with previous low/high information
Thanks to @MUQWISHI to help me coding it.
Disclaimer
Please remember that past performance may not be indicative of future results.
Due to various factors, including changing market conditions, the strategy may no longer perform as well as in historical backtesting.
This post and the script don’t provide any financial advice.
Session LevelsThis indicator plots important session (intraday) levels for the day. It plots high and low of previous day, week, month, 52 week and all time. Also plots the vix range which shows the daily expected trading range of the instrument. These levels acts as important support/resistance for the day.
For example, if price closes above previous day, week, or month high/low it indicates bullish sentiment and vice versa for bearish.
Vix Range plots top, center, bottom line for expected trading range for the day. It is calculated based on the volatility index selected (NSE:India VIX is used by default).
MicroStrategy MetricsA script showing all the key MSTR metrics. I will update the script every time degen Saylor sells some more office furniture to buy BTC.
All based around valuing MSTR, aside from its BTC holdings. I.e. the true market cap = enterprise value - BTC holdings. Hence, you're left with the value of the software business + any premium/discount decided by investors.
From this we can derive:
- BTC Holdings % of enterprise value
- Correlation to BTC (in this case we use CME futures...may change this)
- Equivalent Share Price (true market cap divided by shares outstanding)
- P/E Ratio (equivalent share price divided by quarterly EPS estimates x 4)
- Price to FCF Ratio (true market cap divided by FCF (ttm))
- Price to Revenue (^ but with total revenue (ttm))
Trending Bar SRTrending Bar SR is a simple script define a Bar called "Trending Bar".
Depend on direction of Trending Bar, if Trending Bar is UpTrend then this indicator plot Bar's Low Price as Support and if Trending Bar is DownTrend then it plot Bar's High Price as Resistance.
Beside, this indicaor also plot 4 levels retracement of Trending Bar for trading.
1. Define Trending Bar
1.1 Uptrend Bar
+ Close Price higher than previous High Price
+ Body greater than sum of shadows (up and down)
+ Color: A green dot is plotted at bottom chart.
1.2 Downtrend Bar
+ Close Price lower than previous Low Price
+ Body greater than sum of shadows (up and down)
+ Color: A red dot is plotted at bottom chart.
2. Retracement Level
+ Trending Bar Retracement 0.5 is called Equerium.
+ Trending Bar Retracement 0.618 is called Perfect Entry.
+ Trending Bar Retracement 0.705 is called Optimal Entry.
+ Trending Bar Retracement 0.79 is called Max Entry.
3. Trading
+ When Price crossed Equerium, consider open position at Perfect Entry, Optimal Entry with stoploss place at Max Entry.
+ If place order at Max Entry, stoploss can place at Support or Resistance.
World Markets Open/Close BackgroundIndicator fills background color on the chart for different markets around the world.
This can be helpful in some markets to understand after hours and premarket price action. User can study if there is correlation between highs/low in whole session or open/close of different markets.
Tokyo, Hong Kong and Shanghai are Asian Markets in Red are combined
Bombay, London and NYSE are individually plotted.
Times can be changed for each session to include the entire session, or selected block of 15 minutes.
Less than 15 minutes will need to be changed in the default value of the code which is why I'm publishing it open source.
All coded default times for each market are in CST.
Background color can be turned off individually under the Style tab, and can also be unchecked under Inputs and can just be used for source for further coding.
My intentions for this script is to use it and its variable value to plot the highs and lows just in the specific times in a session and to more easily visualize those sessions with color coding.
I hope this is useful
Cheers!
Cash Gaps on a Future/CFD-ChartThe script is based on the great work of @NgUTech which very nicely prints the gaps on any given chart.
The purpose of this script is to show the gaps to futures or cfd of the underlying cash chart, because very often gap closing provides an opportunity to fade the move.
The script works in the way that the user provides the underlying chart symbol and the current spread of the instruments (cash-future/cfd) and it draws boxes where the cash-gaps are.
If you know a way to automatically calculate the spread of the two instruments, please let me know, thanks.
Michael
LUNA - Hold The Line Or DieThis indicator is trying to predict potential LUNA token bottom.
How does this work?
There is UST baked by LUNA and in case LUNA drops so hard that MC of LUNA is lower than MC of UST we are at risk of repeg and kinda "breaking" of Terra Blockchain.
This indicator doesn't take into account other stable assets but UST but they don't take a big portion of total stable tokens capitalization so it can be omitted.
Heavy buy pressure is expected at indicated levels.
The indicator is based on a simple formula:
LUNAfloor = USTmc/LUNAmc * LUNAprice
High-Low IndexHello All,
High-Low Index is a breadth indicator based on Record High Percent (RHP). RHP is based on new 52-week highs and new 52-week lows. RHP => 100 * (new highs) / (new highs + new lows). High-Low Index is a 10-day Simple Moving Average of the RHP, which makes it a smoothed version of RHP. You can find many articles about High-Low Index on the net.
High-Low Index above 50 indicates that there are more new highs than new lows, and considered as Bullish.
High-Low Index below 50 indicates that there are more new lows than new highs, and considered as Bearish.
High-Low Index = 0 indicates there is no new highs (0% new highs).
High-Low Index = 100 indicates that there is at least 1 new high and no new lows.
and High-Low Index = 50 indicates that new highs and new lows is equal.
by default 40 cryptos are used in the script and shows High-Low Index for these cryptos. but you can change them as you wish. for example you can set all of them as stocks and see High-Low Index for these stocks.
You can set " Time frame " and the " Length " using the options. For example; if you set " Time frame " = 1 Week and the " Length " = 52 then it finds High-Low Index for 52weeks .
or another example; if you set " Time frame " = 1 Day and the " Length " = 22 the High-Low Indexn it finds High-Low Index for 22days.
You can enable/disable Record High Percent or Simple Moving Average of High-Low Index. Some traders use High-Low Index with its SMA, for example; High-Low Index generates a buy signal when it crosses above its moving average, and a sell signal when it crosses below its moving average.
Optionally you can see the securities in a table on the left bottom, you can change table size by usşng the options.
In the Table, for each security/cell;
=> if background is green then it has New High
=> if background is red then it has New Low
=> if background is gray then no New High, no New Low
=> if background is back then Data is not available for the security
As you can see in the screenshot below, the securities were changed and stocks are used instead of cryptos, so it calculates & shows High-Low Index for these stocks.
you can also find explanation in this screenshot:
Enjoy!
