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Simple Sessions## Background ## Simple Sessions is based on the very awesome "Sessions on Chart" by Aurocks_AIF. I really liked how the background colours worked but wanted to simplify it by removing some parts that I didn't use. I then simplified much of the code, put it into my standard template format and re-published. Hopefully the code is a bit cleaner and easier to read now. ## Usage ## The default indicator shows the following sessions: * Sydney in Navy * Tokyo in Purple * London in Green * New York in Red The good news is that using Green and Red for London and New York, gives a nice distinct yellow for the overlapping sessions. Sydney and Tokyo are by in similar colors by design. By default, only London and New York show, but you may turn on Sydney and Tokyo in the settings. ## Use, Share, Like, etc # Have fun! -- chilts
Pine Script® indicator
by chilts
3
[R&D] Moving CentroidThis script utilizes this concept. Instead of weighting by volume, it weights by amount of price action on every close price of the rolling window. I assume it can be used as an additional reference point for price mode and price antimode. it is directly connected with Market (not volume) profile, or TPO charts. The algorithm: 1) takes a rolling window of, for example, 50 data points of close prices: 2) for each of this closing prices, the algorithm will check how many bars touched this close price. 3) then: sum of datapoints * weights/sum of weights Since the logic is implemented in pretty non-efficient way, the script sometimes can take time to make calculations. Moreover, it calculates the centroid taking into account only close prices, not every tick. of a given rolling window That's why it's still experimental.
Pine Script® indicator
by gorx1
12
Crypto Trading Hours UTC based on Berlin time (UTC +2)Although crypto markets trade 24/7, there are spikes in volume according to the general hours at which different parts of the world do the majority of their trading. This Script highlights the US, European and Asian markets when they are most active. The normal market hours are always from 08:00 to 16:30 local time. US market opens at 8:00 Silicon Valley local time, and closes at 16:30 New York local time. European market opens at 8:00 London local time, and closes at 16:30 Frankfurt local time. Asian market opens at 8:00 Hong Kong local time, and closes at 16:30 Sydney local time.
Pine Script® indicator
by UnknownUnicorn1021878
2
Long Wick TrialI've created this as a confirmation indicator to help know when market conditions are favorable to enter a trade. It measures volume, volatility, and ATR. It is not intended to tell you when to enter/exit the market, but use it with another indicator such as the mirror macd to filter out many losses and avoid entering the market during low volume or excessive volatility that may trip your stop loss. Green = Favorable Market conditions Yellow = Enter with caution, the market is moving sideways but is slightly trending Orange = Enter with caution, the market is trending but extremely volatile and may trip stop loss early Black = Shouldn't enter market here, market is moving sideways and volume is also low.
Pine Script® indicator
by jaymaynard84
2
Yield Curve Inversion MonitorIdentifies when the US Treasury Yield Curve inverts (2 and 10 year bond rates). When they ‘invert’ long-term bonds have a lower interest rate than short-term bonds. In other words, the bond market is pricing in a significant drop in future interest rates (which might be caused by the US Fed fighting off a recession in the future). In the last 50 years, every time the US treasury yield curve inverted a recession followed within 3 years. On average the S&P500 gained 19.1% following the inversion and peaked 13 months later. In other words, as far as investors are concerned, the recession began roughly one year later. However, once the market peaks, it then drops 37.6% on average, wiping out all those gains and more. ...Looks like 2020 is shaping up to be another prime example.
Pine Script® indicator
by capriole_charles
5
SMU Market Window with Price WavesSMU Market Window is a standalone panel of major indices, indicators, and, most importantly, the status of all timeframes 1 minute, 5 minutes, etc. all in one window. Market window can be used on its own or in conjunction with the new version of Quantum Thermoballs Turbo Charged (to be released soon). Since this scripts queries multiple time frames and multiple incendies, it takes 1-2 seconds to load. Once loaded it works like a clock. Enjoy and always share knowledge so our Pine TV community can grow and reac a new high.
Pine Script® indicator
by stockmarketupdate
12
Zahorchak MeasureCreator: Michael G. Zahorchak. References: The Art of Low Risk Investing by Michael G. Zahorchak, 1977. Unfortunately, it's all but impossible to find a copy these days. The Complete Guide to Market Breadth Indicators by Gregory L. Morris, 2006. A fantastic resource for those interested in Technical Analysis or creating their own trend based system. Two articles by Greg Morris on the Zahorchak Measure. I can't link to them under the House Rules, but they are easily searchable. The Zahorchak Measure (ZM) is designed to give you a market bias (either uptrend or downtrend) which you can use to determine a trade bias for ETF's or stocks. ZM works by taking multiple moving averages of the NYSE Composite, a moving average of the NYSE advance decline line, and examining the relationship between those elements. Broadly, the market is considered to be in a uptrend when ZM is above zero, and a downtrend when below. However, there are many ways to interpret the indicator. The version created by Greg Morris is more akin to a binary indicator in that ZM jumps from number to number. This version is smoothed to create an oscillator as it reduces whipsaws (at the expense of lag). You can set the EMA Length to 1 to go back to the original. Some notes: Michael Zahorchak called it the "Zahorchak Method", whereas Greg Morris uses the term "Measure". I'm not totally clear on the change, but Mr. Morris made some changes (covered below), so that may explain the altered name. The original indicator used moving averages of 5, 15, and 40 weeks. I have converted these to daily numbers as that's the time frame I most commonly trade. You can convert the numbers back by dividing by 5. The original indicator used the Dow Industrials for the moving averages, however Greg Morris switched to the NYSE Composite due to the advance decline line being based on the NYSE. Greg Morris removed the 5 period moving average of the NYSE Composite, as it created increased volatility at market tops and bottoms. I tested ZM with the 5 period MA added back in, and I believe removing it creates a superior indicator. I've added both Multi Time Frame functionality, and the ability to alter moving average lengths. Play around and see what you can come up with. ZM oscillates between -10 and +10. There are some interesting levels creating between these two numbers (apart from the obvious zero level) - see what you can come up with. All credit goes to Michael Zahorchak and Greg Morris for the indicator creation. I have simply reproduced their work for the TradingView community as this great indicator wasn't available. Any queries let me know in the comments or PM me. DD.
Pine Script® indicator
by DreamsDefined
12
Minkovski Distance Period DVOGThis script was created by building my Dependent Variable Odd Generator script on the Minkovski Distance Adaptive Period. I have tried this on MACD before. Script related to MACD : I used an older version that does not use Dow Factor to suit multi timeframe analysis. In this way, market situations provide the opportunity to see histograms in an adaptive period as a Multi Timeframe. Minkowski Distance Function Original Script by RicardoSantos : Regards.
Pine Script® indicator
by Noldo
8
Market Thrust IndicatorThe Market Thrust indicator is a powerful measure of the stock market's internal strength or weakness. There are four components to this indicator: 1-Advancing Issues on the New York Stock Exchange (NYSE) – $ADV 2-Advancing Volume on the NYSE – $UVOL 3-Declining Issues on the NYSE – $DECL 4-Declining Volume on the NYSE – $DVOL The formula for Market Thrust is given below: ($ADV x $UVOL)-($DECL x $DVOL) When used for day-trading, the trend of the Market Thrust indicator is what is most important. Rising Market Thrust Indicator: Considered a bullish sign; can act as a confirmation signal when combined with a rising stock, index ETF, or stock index future's price. Falling Market Thrust Indicator: Considered a bearish sign; can act as a confirmation signal of a decreasing market price. The Market Thrust indicator could be used for detecting divergences in trends. Divergences occur when: - Price is trending higher, but the Market Thrust indicator is not moving higher or is even going down. - Price is trending lower, however, the Market Thrust technical analysis tool is not trending lower, it is either not trending or is trending higher. Add a fully configurable trend line over MTI. Read more at: commodity.com
Pine Script® indicator
by Dreadblitz
4
BTC Bear Market Identifier [ChuckBanger]I have never find a use case for Line Break chart before. But I stumbled on the fact that if bitcoin dumps below the low of a big down move. It is very likely Bitcoin is heading for a new bear market. So this script is based on that idea and developed to this. It is intended to be used as a bear market identifier only with Line Break daily or higher time frame chart. If someone find a different use case for this script let me know 2014: 2018:
Pine Script® indicator
by ChuckBanger