Kalman Filter Oscillator v4The Kalman Filter Oscillator v4 is an advanced tool designed to help traders and investors identify trends more effectively while reducing the impact of market noise. As the latest iteration in its development, this version integrates improvements that make it more adaptive and precise, catering to the challenges of today’s financial markets.
This indicator operates on the principle of the Kalman filter, a well-regarded mathematical approach used for estimating the state of a dynamic system. By filtering out random fluctuations, it smooths price data to provide clearer insights into underlying trends. Unlike traditional methods such as moving averages, which often lag and can miss rapid shifts, the Kalman Filter Oscillator is reactive in real time, making it particularly suited for dynamic markets.
Version v4 builds on earlier versions by offering a refined combination of short-term and long-term trend analysis. Through adjustable parameters, traders can balance sensitivity to immediate price changes with a broader perspective of the market direction. Additionally, the oscillator incorporates a unique feature that tracks a price’s position relative to its recent highs and lows, which enhances its ability to pinpoint potential turning points or key market conditions.
The indicator’s value lies in its adaptability and practicality. Traders can use it to confirm trends, identify overbought or oversold conditions, or smooth out erratic price movements, reducing the likelihood of false signals. By presenting information in a clear and actionable format, it allows users to make better-informed decisions with greater confidence.
As of late 2024, the Kalman Filter Oscillator v4 represents a sophisticated yet user-friendly advancement in trend analysis. While not a one-size-fits-all solution, it serves as a valuable component in a trader’s toolkit, complementing other strategies and enhancing overall market understanding.
Indicators and strategies
HTF Candles Overlay [Trendoscope®]🎲 HTF Candles Overlay is a simple indicator where you can overlay higher timeframe candles on current timeframe chart.
Most of the code is encapsulated in the library HTFCandlesLib . After publishing the library as open source, many people requested to convert that into an indicator. Based on this, we decided to publish this small code for the use of community.
🎯 Usage
The indicator is simple, it helps users visualise higher timeframe candles. We majorly use this for debugging or validating our implementations based on higher timeframe. Instead of switching back and forth to different timeframes, it helps us visualise higher timeframe candles on the same chart when we are validating the implementation that involves higher timeframe calculations.
🎯 Components
The indicator provides two types of displays
Candles - overlay candles built through lines and labels
Plot - close price of higher timeframe plotted on chart
🎯 Candles
The behaviour of the candles are similar to that of hollow candles. The color of the body and the border+wick demonstrates the movement of the candle.
Body color is lime if the HTF close is higher than HTF open. Body color is orange if the HTF close is lower than the HTF open.
Wick and border color is lime if HTF close price is higher than previous HTF close price. And they are orange if HTF close price is lower than the previous HTF close price
In most cases body color will be same as the wick color. In case of stocks and indices, it may happen that the open price is too far away from previous close price due to gaps. This can lead to close price being relatively in different direction when compared to open and previous close.
Wicks are not at the centre of the candle. Instead wicks are drawn on the current chart timeframe position where the current timeframe has reached the highest or lowest point within the given HTF candle
Candles also list OHLC price of HTF candle along with HTF bar index and the range of LTF bar index that the candle spawns
Here are some pictorial representations that can help understand better.
Here are the examples of candles with gaps where body and wick/border are in different directions (colours)
🎯 Indicator Settings
Simple settings allow users to select the timeframe, whether to display candles and plots and their specific colors.
🎯 Possible inconsistencies
The overlay can show inconsistent data in certain situations. Here are some of the scenarios where the indicator may not show consistent display of the data.
When the HTF data from request.security does not match that of combined LTF data . In such cases, HTF candles may not form inline with the current timeframe candles. This happens when there is a data issue of different OHLC data available in tradingview.
When using weekly candle as either chart timeframe or higher timeframe - end of week may not coincide with end of month or other timeframes. This can cause some inconsistencies in the visuals of the indicator.
When open and close time of either LTF or HTF falls under different day due to time zone used. - time is always the time on which the candle close. So, when we use time zone that causes the exchange day to open and close on different days, that can cause some inconsistencies in the candles being drawn.
Daily Single Trade [SMRT Algo]The Daily Single Trade Indicator by SMRT Algo is a powerful yet simple tool designed for traders who value precision, discipline, and a focus on high-quality trade setups. With a unique approach, this indicator identifies just one signal daily, making it ideal for traders who prefer a structured and stress-free trading routine.
Please note that this indicator only works for timeframes below 1H.
Key Features:
Market Open & Pre-Market Analysis: The indicator focuses on the market’s opening range and identifies breakout opportunities based on price action during these critical periods.
Customizable Risk-Reward Ratio: Plan your trades with precision by setting your desired RR, ensuring that your take-profit (TP) levels are multiples of your stop-loss (SL). Stop loss is not shown with this indicator.
Price Offset for SL: Add a customizable buffer to your SL and TP levels. This offset accounts for market volatility, reducing the chances of premature stop-outs while maintaining alignment with your trading plan.
Increasing this value will lead to a greater invisible stop loss, which will increase the TP size. The opposite is occurs when decreasing this value (less than 0). If you set it as 2.5 for example for TSLA: price is 340 and SL is 330 for example, SL becomes 327.5. This calculation will then be applied to calculate the TP.
In simple terms, if the offset is positive, SL becomes larger, TP becomes larger as well.
Exit Point Visibility: Display exit points on your chart to better visualize trade targets and stop levels.
Adjustable Market Open Time: Easily modify the market open hour and minute to suit your asset’s trading session. For example, U.S. stock traders can set the market open time to 9:30 AM EST (UTC-5).
By providing a single signal each day, the indicator minimizes overtrading and keeps your focus on the best opportunities.
With predefined SL, TP, and RR settings, the indicator fosters disciplined trading, reducing the influence of emotional decision-making. Whether you’re trading stocks, indices, or forex, the customizable market open time and RR ratio make this indicator versatile and adaptable.
The combination of precise SL and TP calculations with offset pip adjustments helps protect your trades from market noise while maintaining a favorable RR.
Perfect for those who can’t monitor markets all day, the single-signal approach allows you to execute a high-quality trade and move on with your day.
How to Use:
Set the Market Open Time: Adjust the open time to align with your asset’s session. For example, set 9:30 AM EST for U.S. stocks.
Define Your Risk-Reward Ratio: Choose an RR multiple (e.g., 1:2 or 1:3) that aligns with your risk tolerance and trading goals.
Apply Pip Offset: Add a buffer to your SL and TP to account for market volatility and reduce false stops.
The Daily Single Trade Indicator simplifies trading by focusing on one high-probability setup per day. It’s perfect for traders looking to maintain consistency, improve risk management, and reduce the stress of overanalyzing the markets.
How Alerts Work:
Individual Alerts: Set separate notifications for specific actions, such as breakout signals, take-profit levels, or stop-loss activations.
Master Alert: Manage all notifications with one streamlined setting, ensuring you never miss an opportunity while keeping your setup simple and efficient.
Take control of your trading with a strategy built for clarity, precision, and success!
SiCInside Sweep Close (ISC):
This concept captures a specific price action behavior and can help refine trading strategies for better precision. Here's a detailed explanation:
Inside:
The closing price of the candle stays within the range of the previous candle.
This indicates a containment of price action, suggesting indecision or preparation for a significant move.
Sweep:
The wick of the candle takes out (or "sweeps") the low (or high) of the previous candle.
This sweep can trigger stop-losses of retail traders or activate pending orders, often used by smart money strategies.
Close:
The candle ultimately closes inside the range of the previous candle.
This close signifies that the sweep was a liquidity grab rather than a genuine breakout, providing an actionable trading signal.
How ISC Can Be Used in Trading:
Liquidity Grab Recognition:
ISC can indicate when liquidity is swept from the market, making it an ideal entry point for traders anticipating a reversal or continuation.
Smart Money Concept (SMC) Synergy:
If you follow SMC principles, ISC aligns with key concepts like liquidity sweeps, order blocks, and mitigation zones.
Risk Management:
By identifying the ISC setup, you can place tighter stop-loss levels just outside the sweep, optimizing risk-reward ratios.
Entry Signals:
When you spot an ISC, you can enter trades at the close of the candle, anticipating a move in the direction opposite to the sweep.
Example of ISC in Action:
Imagine a bearish candle:
The wick sweeps the low of the previous candle, possibly triggering stop-losses.
However, the close stays inside the previous candle’s range.
This setup might indicate a reversal, where price moves upward after grabbing liquidity.
Why This Name Works:
It’s concise, professional, and directly linked to the trading action you’re describing.
The short form, ISC, is easy to remember and discuss within trading circles or while teaching others.
It ties into widely known concepts like smart money, price action, and liquidity sweeps, making it relatable yet unique.
Does this align with how you envision using the concept? Let me know if you’d like more refinements or visual examples!
ATR HEMA [SeerQuant]What is the ATR Holt Moving Average (HEMA)?
The ATR Holt Moving Average (HEMA) is an advanced smoothing technique that incorporates the Holt exponential smoothing method. Unlike traditional moving averages, HEMA uses two smoothing factors (alpha and gamma) to forecast both the current trend and the trend change rate. This dual-layer approach improves the responsiveness of the moving average to both stable trends and volatile price swings.
When paired with the Average True Range (ATR), the HEMA becomes even more powerful. The ATR acts as a volatility filter, defining a "neutral zone" where minor price fluctuations are ignored. This allows traders to focus on significant market movements while reducing the impact of noise.
⚙️ How the Code Works
The ATR Holt Moving Average (HEMA) combines trend smoothing with volatility filtering to provide traders with dynamic signals. Here's how it functions step by step:
User Inputs and Customization:
Traders can customize the lengths for HEMA's smoothing factors (alphaL and gammaL), the ATR calculation length, and the neutral zone multiplier (atrMult).
The src input allows users to choose the price source for calculations (e.g., hl2), while the col input offers various color themes (Default, Modern, Warm, Cool).
Holt Exponential Moving Average (HEMA) Calculation:
Alpha and Gamma Smoothing Factors:
alpha controls how much weight is given to the current price versus past prices.
gamma smooths the trend change rate, reducing noise. The HEMA formula combines the current price, the previous HEMA value, and a trend adjustment (via the b variable) to create a smooth yet responsive average. The b variable tracks the rate of change in the HEMA over time, further refining the trend detection.
ATR-Based Neutral Zone:
If the change in HEMA (hemaChange) falls within the neutral zone, it is considered insignificant, and the trend color remains unchanged.
Color and Signal Detection:
Bullish Trend: The color is set to bull when HEMA rises above the neutral zone.
Bearish Trend: The color is set to bear when HEMA falls below the neutral zone.
Neutral Zone: The color remains unchanged, signalling no significant trend.
🚀 Summary
This indicator enhances traditional moving averages by combining the Holt smoothing method with ATR-based volatility filtering. The HEMA adapts to market conditions, detecting trends and transitions while filtering out insignificant price changes. The result is a versatile tool for:
The ATR Holt Moving Average (HEMA) is ideal for traders seeking a balance between responsiveness and stability, offering precise signals in both trending and volatile markets.
📜 Disclaimer
The information provided by this script is for educational and informational purposes only and does not constitute financial, investment, or trading advice. Past performance of any trading system or indicator, including this one, is not indicative of future results. Trading and investing in financial markets involve risk, and it is possible to lose your entire investment.
Users are advised to perform their own due diligence and consult with a licensed financial advisor before making any trading or investment decisions. The creator of this script is not responsible for any trading or investment decisions made based on the use of this script.
This script complies with TradingView's guidelines and is provided as-is, without any guarantee of accuracy, reliability, or performance. Use at your own risk.
Volume Weighted Jurik Moving AverageThe Jurik Moving Average (JMA) is a smoothing indicator that is designed to improve upon traditional moving averages by reducing lag while enhancing responsiveness to price movements. It was created by Jurik Research and is often used to track trends with greater accuracy and minimal delay. The JMA is based on a combination of **exponential smoothing** and **phase adjustments**, making it more adaptable to varying market conditions compared to standard moving averages like SMA (Simple Moving Average) or EMA (Exponential Moving Average).
The core advantage of the JMA lies in its ability to adjust to price changes without excessively lagging, which is a common issue with traditional moving averages. It incorporates a **phase parameter** that can be adjusted to smooth out the signal further or make it more responsive to recent price action. This phase adjustment allows traders to fine-tune the JMA's sensitivity to the market, optimizing it for different timeframes and trading strategies.
How JMA Works and Benefits of Adding Volume Weight
The JMA works by applying a **smoothing process** to price data while allowing for adjustments through its phase and power parameters. These parameters help control the degree of smoothness and responsiveness. The result is a curve that follows price trends closely but with less lag than traditional moving averages.
Adding **volume weighting** to the JMA enhances its ability to reflect market activity more accurately. Just like the **Volume-Weighted Moving Average (VWMA)**, volume-weighting adjusts the moving average based on the strength of trading volume, meaning that price movements with higher volume will have a greater influence on the JMA. This can help traders identify trends that are supported by significant market participation, making the moving average more reliable.
The benefit of a volume-weighted JMA is that it responds more effectively to price movements that occur during periods of high trading volume, which are often considered more significant. This can help traders avoid false signals that may occur during low-volume periods when price changes may not reflect true market sentiment. By incorporating volume into the calculation, the JMA becomes more aligned with real market conditions, enhancing its effectiveness for trend identification and decision-making.
Combined Zero Lag EMA with Crosses | ASHGCombined Zero Lag EMA with Crosses
This indicator combines the power of Zero Lag Exponential Moving Averages (EMAs) with the widely used Golden Cross and Death Cross signals. It provides an efficient and precise trend-following tool for traders.
Key Features:
Short and Long Zero Lag EMAs: The indicator uses two Zero Lag EMAs with customizable periods (Short and Long). The short EMA is typically more responsive to price changes, while the long EMA smooths out price data, providing a broader trend perspective.
Golden Cross and Death Cross signals: The Golden Cross occurs when the short EMA crosses above the long EMA, indicating a potential bullish trend. The Death Cross occurs when the short EMA crosses below the long EMA, signaling a possible bearish trend.
Combined Zero Lag EMA: The average of the Short and Long Zero Lag EMAs gives a balanced view of the market's overall direction.
Plotting and Alerts: The indicator plots both the short and long Zero Lag EMAs, as well as the combined EMA, with visual cues for Golden and Death Crosses. Alerts can be set for when these crosses occur.
Use this indicator for clearer entry and exit points, helping you stay ahead of market movements.
This indicator is based on Kıvanç ÖZBİLGİÇ's "Zero Lag EMA v2" indicator.
tr.tradingview.com
Birleştirilmiş Zero Lag EMA ve Cross (Kesişim) Sinyalleri
Bu gösterge, Zero Lag (Sıfır Gecikmeli) Üssel Hareketli Ortalamaların (EMA) gücünü, yaygın olarak kullanılan Golden Cross (Altın Kesişim) ve Death Cross (Ölüm Kesişimi) sinyalleriyle birleştirir. Yatırımcılar için verimli ve hassas bir trend takip aracıdır.
Öne Çıkan Özellikler:
Kısa ve Uzun Zero Lag EMA: Gösterge, özelleştirilebilir periyotlarla iki Zero Lag EMA kullanır (Kısa ve Uzun). Kısa EMA, fiyat değişimlerine daha hızlı tepki verirken, uzun EMA fiyat verilerini düzleştirerek daha geniş bir trend perspektifi sunar.
Golden Cross ve Death Cross sinyalleri: Golden Cross, kısa EMA'nın uzun EMA'yı yukarı doğru kesmesiyle oluşur ve potansiyel bir yükseliş trendine işaret eder. Death Cross ise, kısa EMA'nın uzun EMA'yı aşağı doğru kesmesiyle oluşur ve düşüş trendi sinyali verir.
Birleştirilmiş Zero Lag EMA: Kısa ve uzun Zero Lag EMA'larının ortalaması, piyasanın genel yönünü dengeli bir şekilde gösterir.
Grafik ve Uyarılar: Gösterge, kısa ve uzun Zero Lag EMA'ları ile birleştirilmiş EMA'yı çizerek Golden Cross ve Death Cross sinyalleri için görsel uyarılar sağlar. Bu kesişimler gerçekleştiğinde alarm kurabilirsiniz.
Bu göstergeleri kullanarak, piyasa hareketlerinden önce net giriş ve çıkış noktaları belirleyebilir, böylece daha bilinçli kararlar alabilirsiniz.
Bu indikatör Kıvanç ÖZBİLGİÇ'in "Zero Lag EMA v2" indikatörünü temel alarak hazırlanmıştır.
tr.tradingview.com
Volume Weighted TWAP (VW-TWAP)The Volume Weighted Time Weighted Average Price (VW-TWAP) is an indicator that combines the principles of price averaging with volume sensitivity. Unlike the traditional TWAP, which calculates a simple time-weighted average, VW-TWAP integrates volume into its computation, emphasizing price movements that occur during periods of higher trading activity. This makes it particularly effective for identifying realistic price levels influenced by significant market participation. It is computed by summing the volume-weighted prices over a specified period and dividing by the total volume, providing a more accurate reflection of the price participants value most.
The key benefits of VW-TWAP lie in its ability to guide both traders and investors with a data-driven perspective. By accounting for both time and volume, it highlights fair value zones where significant accumulation or distribution might occur. This can improve trade entries and exits by aligning decisions with zones of substantial market consensus. Furthermore, its adaptability to different timeframes enhances its utility in multi-timeframe analysis, making it suitable for intraday scalpers and long-term swing traders alike. The VW-TWAP's focus on volume sensitivity also minimizes noise from low-volume, erratic price movements, offering a clearer view of market dynamics.
Levy Flight Relative Strength Index [SeerQuant]Lévy Flight Relative Strength Index
A nuanced improvement on the classic RSI, the Lévy Flight RSI leverages the Lévy Flight model to calculate dynamic weighted gains and losses, offering improved responsiveness and smoothness in trend detection compared to the regular RSI. Ideal for traders seeking a balance between precision and adaptability, the Lévy Flight RSI is packed with customizable features and a sleek, modern aesthetic.
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🧠 What is Lévy Flight Modelling?
Lévy Flight modelling is a concept derived from probability theory and fractal mathematics, widely applied in fields such as finance and physics. In trading, Lévy Flights describe a random walk process characterized by small, frequent movements interspersed with larger, less frequent movements. This behaviour reflects real-world price dynamics, where markets often exhibit periods of relative calm followed by sharp, volatile movements. The Lévy Flight model introduces a weighting mechanism that amplifies extreme price changes while smoothing smaller ones, providing a more nuanced view of market trends.
In the context of the Lévy Flight RSI, this model enhances traditional RSI calculations by dynamically weighting price changes (gains and losses) based on their magnitude. This results in an RSI that is more responsive to significant price movements, making it ideal for detecting shifts in momentum and market direction.
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🌟 Key Features:
- Dynamic Lévy Flight Modelling: Adjust alpha (1 to 2) for responsive or smooth signals, making it perfect for varying market conditions.
- Custom RSI Smoothing: Choose from multiple moving average types, including TEMA, DEMA, HMA, ALMA, and more, to match your trading style.
- Visually Intuitive: Neon-inspired gradient colours and centered histogram provide instant insights into market conditions.
- Customizable Overbought/Oversold Levels: Clearly defined thresholds, with additional shaded regions for strength identification.
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⚙️ How the Code Works
The Lévy Flight RSI enhances the traditional RSI calculation by incorporating two primary elements:
Dynamic Weighting Using Lévy Flight:
The code calculates the price change (change) on each bar and applies a power function (alpha) to these changes. Gains are raised to the power of alpha (for positive price changes), and losses are similarly transformed (for negative price changes).
The parameter alpha (ranging from 1 to 2) determines the sensitivity of the weighting. Lower values emphasize responsiveness, while higher values smooth out signals.
Enhanced Moving Averages:
The weighted gains and losses are smoothed using a customizable moving average. Options include traditional averages like SMA and EMA, and more advanced ones like TEMA, HMA, and ALMA. These smoothed values are used to calculate the final RSI value.
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📈 Why Use Lévy Flight RSI?
This unique RSI indicator captures price momentum with enhanced sensitivity to market dynamics. Whether you’re trend-following, scalping, or identifying reversals, the Lévy Flight RSI provides robust insights to refine your trading decisions.
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🔧 Inputs:
RSI Settings: Control RSI length, calculation source, and smoothing type.
Lévy Flight Settings: Adjust alpha to tune the indicator's responsiveness.
Style Customization: Tailor the appearance with different colour themes and gradients.
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Relative Price Strength (RPS)Relative Price Strength (RPS) is a technical analysis indicator that measures the performance of a specific symbol relative to a benchmark or "Base Symbol".
It's essentially a ratio that compares the price of the specific symbol to the price of the benchmark.
Rising RPS: Indicates that the symbol is outperforming the benchmark.
Falling RPS: Suggests that the symbol is underperforming the benchmark.
RSP is smoothed over a period for better visualization.
Boltzmann Weighted Moving average ( BWMA )Overview:
Introducing the Boltzmann Weighted Moving Average (BWMA) – a novel approach that draws inspiration from statistical mechanics to emphasize recent market data more than older data. By applying an exponential decay governed by a “temperature” parameter, BWMA provides a unique perspective on price trends and enhances noise filtering. An EMA-based smoothing is then applied for an even cleaner, more stable signal.
Key Features:
Boltzmann Weighting: The BWMA assigns weights to each data point based on a Boltzmann-like formula, giving more influence to recent bars and reducing the impact of older ones. This creates a dynamic, adaptive moving average that can quickly respond to market changes.
Adaptive Temperature Control: Users can adjust the “Temperature” (T) parameter. A lower T puts a stronger emphasis on the most recent data, while a higher T makes the weight distribution more uniform across the chosen period.
EMA Smoothing: After computing the weighted average, an EMA is applied to smooth out short-term noise, resulting in a cleaner trend indication.
Color-Coded Trend Indicator: The BWMA line changes color depending on its slope, allowing traders to quickly identify bullish (green) or bearish (red) conditions at a glance.
Parameters:
Period: Defines the lookback window over which the Boltzmann weights are calculated.
Temperature (T): Controls the steepness of the weight decay. Lower T emphasizes recency, while higher T spreads weights more evenly.
Alpha (Energy Scale): Adjusts how quickly “Energy” (and thus weight decay) increases with older data points.
Smoothing Period: Determines the EMA length for reducing noise after weighting, providing a more stable signal.
How It Works:
The BWMA calculates a weighted average of recent prices, where the weight for each data point i is given by:
weight = math.exp(-energy / (k_B * T))
Energy_i: Increases as the data point is further back in time.
k_B: A scaling constant, set to 1 for simplicity.
T: "Temperature" parameter that controls how quickly the weights decay. A lower T emphasizes more recent data strongly, while a higher T spreads out the emphasis more evenly.
Visuals:
BWMA Line: Plotted as a smooth line that changes color based on trend direction.
Green: BWMA is rising (bullish trend).
Red: BWMA is falling (bearish trend).
Usage:
The BWMA can be used similarly to traditional moving averages but offers greater flexibility and adaptability:
Adjust T and Alpha: Fine-tune the weighting profile to match your trading style, whether you prefer rapid response to recent changes or a more balanced view.
Trend Confirmation: Use color changes to confirm bullish or bearish momentum.
Filtering Noise: The combination of Boltzmann weighting and EMA smoothing can help reduce the impact of sudden price spikes and yield clearer trend signals.
By blending the concepts of statistical mechanics with classic technical analysis techniques, the Boltzmann Weighted Moving Average provides traders with an innovative tool for revealing underlying market trends.
Ask-Weighted Averages This indicator provides two price-based reference lines derived from volume dynamics within each bar. Specifically, it calculates a volume-weighted average price using only the portion of trading volume that occurred on the "ask" side, implying more aggressive buying activity. The logic behind this approach is to highlight potential support and resistance levels where buyers have shown greater conviction.
Key Features:
Ask-Weighted Average Prices:
Instead of using the entire trade volume, the lines focus on "ask volume" (volume associated with trades occurring at or near the ask price). This helps to spotlight areas where buyers have been dominant, potentially revealing more meaningful price levels for future market behavior.
Conditional vs. Continuous Lines:
Conditional Line: This line is only plotted if the dollar volume (a rough measure of trade value) exceeds a specified threshold, ensuring that the highlighted level is backed by substantial trading activity.
Continuous Line: A second line is always displayed, providing a running ask-weighted average price reference for additional context, regardless of dollar volume.
Supports Identifying Key Price Zones:
By focusing on where more motivated buyers have been active, the indicator helps traders identify potential inflection points in price, such as areas where the market might find support on pullbacks or resistance during rallies.
Overall, this indicator serves as a specialized tool for traders interested in volume-driven price analysis. It aims to refine the understanding of where buyers are most engaged and how that might shape future price movements.
Risks Associated with Trading:
No indicator can guarantee profitable trades or accurately predict future price movements. Market conditions are inherently unpredictable, and reliance on any single tool or combination of tools carries the risk of financial loss. Traders should practice sound risk management, including the use of stop losses and position sizing, and should not trade with funds they cannot afford to lose. Ultimately, decisions should be guided by a thorough trading plan and possibly supplemented with other forms of market analysis or professional advice.
Risks and Important Considerations:
• Not a Standalone Tool:
• This indicator should not be used in isolation. It is essential to incorporate additional technical analysis tools, fundamental analysis, and market context when making trading decisions.
• Relying solely on this indicator may lead to incomplete assessments of market conditions.
• Market Volatility and False Signals:
• Financial markets can be highly volatile, and indicators based on historical data may not accurately predict future movements.
• The indicator may produce false signals due to sudden market changes, low liquidity, or atypical trading activity.
• Risk Management:
• Always employ robust risk management strategies, including setting stop-loss orders, diversifying your portfolio, and not over-leveraging positions.
• Understand that no indicator guarantees success, and losses are a natural part of trading.
• Emotional Discipline:
• Avoid making impulsive decisions based on indicator signals alone.
• Emotional trading can lead to significant financial losses; maintain discipline and adhere to a well-thought-out trading plan.
• Continuous Learning and Adaptation:
• Stay informed about market news, economic indicators, and global events that may impact trading conditions.
• Continuously evaluate and adjust your trading strategies as market dynamics evolve.
• Consultation with Professionals:
• Consider seeking advice from financial advisors or professional traders to understand better how this indicator can fit into your overall trading strategy.
• Professional guidance can provide personalized insights based on your financial goals and risk tolerance.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
Ensemble Alerts█ OVERVIEW
This indicator creates highly customizable alert conditions and messages by combining several technical conditions into groups , which users can specify directly from the "Settings/Inputs" tab. It offers a flexible framework for building and testing complex alert conditions without requiring code modifications for each adjustment.
█ CONCEPTS
Ensemble analysis
Ensemble analysis is a form of data analysis that combines several "weaker" models to produce a potentially more robust model. In a trading context, one of the most prevalent forms of ensemble analysis is the aggregation (grouping) of several indicators to derive market insights and reinforce trading decisions. With this analysis, traders typically inspect multiple indicators, signaling trade actions when specific conditions or groups of conditions align.
Simplifying ensemble creation
Combining indicators into one or more ensembles can be challenging, especially for users without programming knowledge. It usually involves writing custom scripts to aggregate the indicators and trigger trading alerts based on the confluence of specific conditions. Making such scripts customizable via inputs poses an additional challenge, as it often involves complicated input menus and conditional logic.
This indicator addresses these challenges by providing a simple, flexible input menu where users can easily define alert criteria by listing groups of conditions from various technical indicators in simple text boxes . With this script, you can create complex alert conditions intuitively from the "Settings/Inputs" tab without ever writing or modifying a single line of code. This framework makes advanced alert setups more accessible to non-coders. Additionally, it can help Pine programmers save time and effort when testing various condition combinations.
█ FEATURES
Configurable alert direction
The "Direction" dropdown at the top of the "Settings/Inputs" tab specifies the allowed direction for the alert conditions. There are four possible options:
• Up only : The indicator only evaluates upward conditions.
• Down only : The indicator only evaluates downward conditions.
• Up and down (default): The indicator evaluates upward and downward conditions, creating alert triggers for both.
• Alternating : The indicator prevents alert triggers for consecutive conditions in the same direction. An upward condition must be the first occurrence after a downward condition to trigger an alert, and vice versa for downward conditions.
Flexible condition groups
This script features six text inputs where users can define distinct condition groups (ensembles) for their alerts. An alert trigger occurs if all the conditions in at least one group occur.
Each input accepts a comma-separated list of numbers with optional spaces (e.g., "1, 4, 8"). Each listed number, from 1 to 35, corresponds to a specific individual condition. Below are the conditions that the numbers represent:
1 — RSI above/below threshold
2 — RSI below/above threshold
3 — Stoch above/below threshold
4 — Stoch below/above threshold
5 — Stoch K over/under D
6 — Stoch K under/over D
7 — AO above/below threshold
8 — AO below/above threshold
9 — AO rising/falling
10 — AO falling/rising
11 — Supertrend up/down
12 — Supertrend down/up
13 — Close above/below MA
14 — Close below/above MA
15 — Close above/below open
16 — Close below/above open
17 — Close increase/decrease
18 — Close decrease/increase
19 — Close near Donchian top/bottom (Close > (Mid + HH) / 2)
20 — Close near Donchian bottom/top (Close < (Mid + LL) / 2)
21 — New Donchian high/low
22 — New Donchian low/high
23 — Rising volume
24 — Falling volume
25 — Volume above average (Volume > SMA(Volume, 20))
26 — Volume below average (Volume < SMA(Volume, 20))
27 — High body to range ratio (Abs(Close - Open) / (High - Low) > 0.5)
28 — Low body to range ratio (Abs(Close - Open) / (High - Low) < 0.5)
29 — High relative volatility (ATR(7) > ATR(40))
30 — Low relative volatility (ATR(7) < ATR(40))
31 — External condition 1
32 — External condition 2
33 — External condition 3
34 — External condition 4
35 — External condition 5
These constituent conditions fall into three distinct categories:
• Directional pairs : The numbers 1-22 correspond to pairs of opposing upward and downward conditions. For example, if one of the inputs includes "1" in the comma-separated list, that group uses the "RSI above/below threshold" condition pair. In this case, the RSI must be above a high threshold for the group to trigger an upward alert, and the RSI must be below a defined low threshold to trigger a downward alert.
• Non-directional filters : The numbers 23-30 correspond to conditions that do not represent directional information. These conditions act as filters for both upward and downward alerts. Traders often use non-directional conditions to refine trending or mean reversion signals. For instance, if one of the input lists includes "30", that group uses the "Low relative volatility" condition. The group can trigger an upward or downward alert only if the 7-period Average True Range (ATR) is below the 40-period ATR.
• External conditions : The numbers 31-35 correspond to external conditions based on the plots from other indicators on the chart. To set these conditions, use the source inputs in the "External conditions" section near the bottom of the "Settings/Inputs" tab. The external value can represent an upward, downward, or non-directional condition based on the following logic:
▫ Any value above 0 represents an upward condition.
▫ Any value below 0 represents a downward condition.
▫ If the checkbox next to the source input is selected, the condition becomes non-directional . Any group that uses the condition can trigger upward or downward alerts only if the source value is not 0.
To learn more about using plotted values from other indicators, see this article in our Help Center and the Source input section of our Pine Script™ User Manual.
Group markers
Each comma-separated list represents a distinct group , where all the listed conditions must occur to trigger an alert. This script assigns preset markers (names) to each condition group to make the active ensembles easily identifiable in the generated alert messages and labels. The markers assigned to each group use the format "M", where "M" is short for "Marker" and "x" is the group number. The titles of the inputs at the top of the "Settings/Inputs" tab show these markers for convenience.
For upward conditions, the labels and alert messages show group markers with upward triangles (e.g., "M1▲"). For downward conditions, they show markers with downward triangles (e.g., "M1▼").
NOTE: By default, this script populates the "M1" field with a pre-configured list for a mean reversion group ("2,18,24,28"). The other fields are empty. If any "M*" input does not contain a value, the indicator ignores it in the alert calculations.
Custom alert messages
By default, the indicator's alert message text contains the activated markers and their direction as a comma-separated list. Users can override this message for upward or downward alerts with the two text fields at the bottom of the "Settings/Inputs" tab. When the fields are not empty , the alerts use that text instead of the default marker list.
NOTE: This script generates alert triggers, not the alerts themselves. To set up an alert based on this script's conditions, open the "Create Alert" dialog box, then select the "Ensemble Alerts" and "Any alert() function call" options in the "Condition" tabs. See the Alerts FAQ in our Pine Script™ User Manual for more information.
Condition visualization
This script offers organized visualizations of its conditions, allowing users to inspect the behaviors of each condition alongside the specified groups. The key visual features include:
1) Conditional plots
• The indicator plots the history of each individual condition, excluding the external conditions, as circles at different levels. Opposite conditions appear at positive and negative levels with the same absolute value. The plots for each condition show values only on the bars where they occur.
• Each condition's plot is color-coded based on its type. Aqua and orange plots represent opposing directional conditions, and purple plots represent non-directional conditions. The titles of the plots also contain the condition numbers to which they apply.
• The plots in the separate pane can be turned on or off with the "Show plots in pane" checkbox near the top of the "Settings/Inputs" tab. This input only toggles the color-coded circles, which reduces the graphical load. If you deactivate these visuals, you can still inspect each condition from the script's status line and the Data Window.
• As a bonus, the indicator includes "Up alert" and "Down alert" plots in the Data Window, representing the combined upward and downward ensemble alert conditions. These plots are also usable in additional indicator-on-indicator calculations.
2) Dynamic labels
• The indicator draws a label on the main chart pane displaying the activated group markers (e.g., "M1▲") each time an alert condition occurs.
• The labels for upward alerts appear below chart bars. The labels for downward alerts appear above the bars.
NOTE: This indicator can display up to 500 labels because that is the maximum allowed for a single Pine script.
3) Background highlighting
• The indicator can highlight the main chart's background on bars where upward or downward condition groups activate. Use the "Highlight background" inputs in the "Settings/Inputs" tab to enable these highlights and customize their colors.
• Unlike the dynamic labels, these background highlights are available for all chart bars, irrespective of the number of condition occurrences.
█ NOTES
• This script uses Pine Script™ v6, the latest version of TradingView's programming language. See the Release notes and Migration guide to learn what's new in v6 and how to convert your scripts to this version.
• This script imports our new Alerts library, which features functions that provide high-level simplicity for working with complex compound conditions and alerts. We used the library's `compoundAlertMessage()` function in this indicator. It evaluates items from "bool" arrays in groups specified by an array of strings containing comma-separated index lists , returning a tuple of "string" values containing the marker of each activated group.
• The script imports the latest version of the ta library to calculate several technical indicators not included in the built-in `ta.*` namespace, including Double Exponential Moving Average (DEMA), Triple Exponential Moving Average (TEMA), Fractal Adaptive Moving Average (FRAMA), Tilson T3, Awesome Oscillator (AO), Full Stochastic (%K and %D), SuperTrend, and Donchian Channels.
• The script uses the `force_overlay` parameter in the label.new() and bgcolor() calls to display the drawings and background colors in the main chart pane.
• The plots and hlines use the available `display.*` constants to determine whether the visuals appear in the separate pane.
Look first. Then leap.
WhalenatorThis custom TradingView indicator combines multiple analytic techniques to help identify potential market trends, areas of support and resistance, and zones of heightened trading activity. It incorporates a SuperTrend-like line based on ATR, Keltner Channels for volatility-based price envelopes, and dynamic order blocks derived from significant volume and pivot points. Additionally, it highlights “whale” activities—periods of exceptionally large volume—along with an estimated volume profile level and approximate bid/ask volume distribution. Together, these features aim to offer traders a more comprehensive view of price structure, volatility, and institutional participation.
This custom TradingView indicator integrates multiple trading concepts into a single, visually descriptive tool. Its primary goal is to help traders identify directional bias, volatility levels, significant volume events, and potential support/resistance zones on a price chart. Below are the main components and their functionalities:
SuperTrend-Like Line (Trend Bias):
At the core of the indicator is a trend-following line inspired by the SuperTrend concept, which uses Average True Range (ATR) to adaptively set trailing stop levels. By comparing price to these levels, the line attempts to indicate when the market is in an uptrend (price above the line) or a downtrend (price below the line). The shifting levels can provide a dynamic sense of direction and help traders stay with the predominant trend until it shifts.
Keltner Channels (Volatility and Range):
Keltner Channels, based on an exponential moving average and Average True Range, form volatility-based envelopes around price. They help traders visualize whether price is extended (touching or moving outside the upper/lower band) or trading within a stable range. This can be useful in identifying low-volatility consolidations and high-volatility breakouts.
Dynamic Order Blocks (Approximations of Supply/Demand Zones):
By detecting pivot highs and lows under conditions of significant volume, the indicator approximates "order blocks." Order blocks are areas where institutional buying or selling may have occurred, potentially acting as future support or resistance zones. Although these approximations are not perfect, they offer a visual cue to areas on the chart where price might react strongly if revisited.
Volume Profile Proxy and Whale Detection:
The indicator highlights price levels associated with recent maximum volume activity, providing a rough "volume profile" reference. Such levels often become key points of price interaction.
"Whale" detection logic attempts to identify bars where exceptionally large volume occurs (beyond a defined threshold). By tracking these "whale bars," traders can infer where heavy participation—often from large traders or institutions—may influence market direction or create zones of interest.
Approximate Bid/Ask Volume and Dollar Volume Tracking:
The script estimates whether volume within each bar leans more towards the bid or the ask side, aiming to understand which participant (buyers or sellers) might have been more aggressive. Additionally, it calculates dollar volume (close price multiplied by volume) and provides an average to gauge the relative participation strength over time.
Labeling and Visual Aids:
Dynamic labels display Whale Frequency (the ratio of bars with exceptionally large volume), average dollar volume, and approximate ask/bid volume metrics. This gives traders at-a-glance insights into current market conditions, participation, and sentiment.
Strengths:
Multifaceted Analysis:
By combining trend, volatility, volume, and order block logic in one place, the indicator saves chart space and simplifies the analytical process. Traders gain a holistic view without flipping between multiple separate tools.
Adaptable to Market Conditions:
The use of ATR and Keltner Channels adapts to changing volatility conditions. The SuperTrend-like line helps keep traders aligned with the prevailing trend, avoiding constant whipsaws in choppy markets.
Volume-Based Insights:
Integrating whale detection and a crude volume profile proxy helps traders understand where large players might be interacting. This perspective can highlight critical levels that might not be evident from price action alone.
Convenient Visual Cues and Labels:
The indicator provides quick reference points and textual information about the underlying volume dynamics, making decision-making potentially faster and more informed.
Weaknesses:
Heuristic and Approximate Nature:
Many of the indicator’s features, like the "order blocks," "whale detection," and the approximate bid/ask volume, rely on heuristics and assumptions that may not always be accurate. Without actual Level II data or true volume profiles, the insights are best considered as supplementary, not definitive signals.
Lagging Components:
Indicators that rely on past data, like ATR-based trends or moving averages for Keltner Channels, inherently lag behind price. This can cause delayed signals, particularly in fast-moving markets, potentially missing some early opportunities or late in confirming market reversals.
No Guaranteed Predictive Power:
As with any technical tool, it does not forecast the future with certainty. Strong volume at a certain level or a bullish SuperTrend reading does not guarantee price will continue in that direction. Market conditions can change unexpectedly, and false signals will occur.
Complexity and Overreliance Risk:
With multiple signals combined, there’s a risk of information overload. Traders might feel compelled to rely too heavily on this one tool. Without complementary analysis (fundamentals, news, or additional technical confirmation), overreliance on the indicator could lead to misguided trades.
Conclusion:
This integrated indicator offers a comprehensive visual guide to market structure, volatility, and activity. Its strength lies in providing a multi-dimensional viewpoint in a single tool. However, traders should remain aware of its approximations, inherent lags, and the potential for conflicting signals. Sound risk management, position sizing, and the use of complementary analysis methods remain essential for trading success.
Risks Associated with Trading:
No indicator can guarantee profitable trades or accurately predict future price movements. Market conditions are inherently unpredictable, and reliance on any single tool or combination of tools carries the risk of financial loss. Traders should practice sound risk management, including the use of stop losses and position sizing, and should not trade with funds they cannot afford to lose. Ultimately, decisions should be guided by a thorough trading plan and possibly supplemented with other forms of market analysis or professional advice.
Risks and Important Considerations:
• Not a Standalone Tool:
• This indicator should not be used in isolation. It is essential to incorporate additional technical analysis tools, fundamental analysis, and market context when making trading decisions.
• Relying solely on this indicator may lead to incomplete assessments of market conditions.
• Market Volatility and False Signals:
• Financial markets can be highly volatile, and indicators based on historical data may not accurately predict future movements.
• The indicator may produce false signals due to sudden market changes, low liquidity, or atypical trading activity.
• Risk Management:
• Always employ robust risk management strategies, including setting stop-loss orders, diversifying your portfolio, and not over-leveraging positions.
• Understand that no indicator guarantees success, and losses are a natural part of trading.
• Emotional Discipline:
• Avoid making impulsive decisions based on indicator signals alone.
• Emotional trading can lead to significant financial losses; maintain discipline and adhere to a well-thought-out trading plan.
• Continuous Learning and Adaptation:
• Stay informed about market news, economic indicators, and global events that may impact trading conditions.
• Continuously evaluate and adjust your trading strategies as market dynamics evolve.
• Consultation with Professionals:
• Consider seeking advice from financial advisors or professional traders to understand better how this indicator can fit into your overall trading strategy.
• Professional guidance can provide personalized insights based on your financial goals and risk tolerance.
Disclaimer:
Trading financial instruments involves substantial risk and may not be suitable for all investors. Past performance is not indicative of future results. This indicator is provided for informational and educational purposes only and should not be considered investment advice. Always conduct your own research and consult with a licensed financial professional before making any trading decisions.
Note: The effectiveness of any technical indicator can vary based on market conditions and individual trading styles. It's crucial to test indicators thoroughly using historical data and possibly paper trading before applying them in live trading scenarios.
Newday_smaThis algorithm is based on SMA (Simple Moving Average) to identify price trends, detecting "positive price zones" (where the price is above the SMA) and "negative price zones" (where the price is below the SMA), and then connecting turning points within those zones with lines.
Key Steps:
SMA Period Selection: The user can select the SMA period to be 5, 10, or 20.
SMA Calculation: The SMA of the current price is calculated based on the selected period.
Identify Positive and Negative Price Zones:
Positive Price Zone: When the closing price is higher than the SMA, it’s considered a positive price zone.
Negative Price Zone: When the closing price is lower than the SMA, it’s considered a negative price zone.
Identify Turning Points:
In the positive price zone, if the current closing price falls below the SMA, a potential turning point is detected, and the algorithm looks for the lowest point (the lowest high in that zone).
In the negative price zone, if the current closing price rises above the SMA, a potential turning point is detected, and the algorithm looks for the highest point (the highest low in that zone).
Connect the Turning Points:
When transitioning from the negative price zone to the positive price zone, a line is drawn from the lowest point of the negative zone to the highest point of the positive zone.
When transitioning from the positive price zone to the negative price zone, a line is drawn from the highest point of the positive zone to the lowest point of the negative zone.
Dynamic Updates: As new candles form, the algorithm continuously updates the turning points and draws the lines accordingly.
Key Features:
Flexible SMA Period Selection: The user can choose from different SMA periods (5, 10, or 20).
Dynamic Turning Point Recognition: The algorithm dynamically identifies turning points based on the relationship between the price and the SMA, marking fluctuations in price.
Connecting Turning Points: The algorithm connects the key points in positive and negative price zones with lines to help identify price trends.
Use Cases:
This algorithm is useful for technical analysis, especially for short-term trading.
It helps identify support and resistance levels, assisting users in making buy and sell decisions.
Master Litecoin Market Cap Network Value ModelMaster Litecoin Market Cap Network Value Model
This indicator visualizes Litecoin's network fundamentals compared to Bitcoin, developed by @masterbtcltc. By analyzing various on-chain metrics and market data, this script helps users evaluate Litecoin’s intrinsic value relative to Bitcoin.
Key Features:
Network Metrics:
NewAddressValueModel: Tracks the ratio of new addresses in Litecoin compared to Bitcoin.
TotalAddressValueModel: Compares total addresses across the two networks.
Transaction & Volume Metrics:
TXValueModel: Compares transaction activity.
VolumeValueModel and VolumeUSDValueModel: Analyzes transaction volumes in native units and USD.
Usage & Adoption:
ActiveValueModel: Tracks the ratio of active addresses between Litecoin and Bitcoin.
RetailValueModel: Measures retail adoption strength in the Litecoin network.
Blockchain & Holder Data:
BlockValueModel: Compares block sizes.
NonZeroModel: Evaluates addresses with non-zero balances.
HodlerModel: Compares long-term holders between Litecoin and Bitcoin.
Averaged Insights:
AverageValueModel: Aggregates all metrics for a complete view of network valuation.
Visual Design:
Blue Themed Metrics: Network value models are displayed in a uniform blue color with a line thickness of 4 and 25% transparency for clarity.
Distinct Price Plot: Litecoin’s price is plotted in yellow, with a thin line (width 2) and no transparency, keeping it visually separate.
Use Cases:
Ideal for traders, investors, and enthusiasts aiming to:
Identify Litecoin’s market trends.
Detect periods of undervaluation or overvaluation.
Gain deeper insights into Litecoin’s network fundamentals.
Important Instruction: To ensure accurate results, plot this indicator on VANTAGE:LTCUSD * GLASSNODE:LTC_SUPPLY. This ensures alignment with the data sources and guarantees the script performs as intended.
Feel free to explore, use, and share this open-source script to better understand Litecoin’s value potential!
Stage Market V4This script provides a comprehensive tool for identifying market stages based on exponential moving averages (EMAs), market performance metrics, and additional price statistics. Below is a summary of its functionality and instructions on how to use it:
1. Inputs and Configuration
Fast and Slow EMA:
Fast EMA Length: Determines the period for the fast EMA.
Slow EMA Length: Determines the period for the slow EMA.
Additional EMAs:
Enable or disable three additional EMAs (EMA 1, EMA 2, and EMA 3) with customizable lengths.
52-Week High Display:
Optionally display the percentage distance from the 52-week high.
2. Market Stages
The indicator identifies six market stages based on the relationship between the price, fast EMA, and slow EMA:
Recovery: Price is above the fast EMA, and the slow EMA is above both the price and the fast EMA.
Accumulation: Price is above both the fast EMA and slow EMA, but the slow EMA is still above the fast EMA.
Bull Market: Price, fast EMA, and slow EMA are all aligned in a rising trend.
Warning: Price is below the fast EMA, but still above the slow EMA, signaling potential weakness.
Distribution: Price is below both EMAs, but the slow EMA remains below the fast EMA.
Bear Market: Price, fast EMA, and slow EMA are all aligned in a falling trend.
The current stage is displayed in a table along with the number of bars spent in that stage.
3. Performance Metrics
The script calculates additional metrics to gauge the stock's performance:
30-Day Change: The percentage price change over the last 30 days.
90-Day Change: The percentage price change over the last 90 days.
Year-to-Date (YTD) Change: The percentage change from the year's first closing price.
Distance from 52-Week High (if enabled): The percentage difference between the current price and the highest price over the past 52 weeks.
These values are color-coded:
Green for positive changes.
Red for negative changes.
4. Table Display
The indicator uses a table in the bottom-right corner of the chart to show:
Current market stage and bars spent in the stage.
30-day, 90-day, and YTD changes.
Distance from the 52-week high (if enabled).
5. EMA Plotting
The script plots the following EMAs on the chart:
Fast EMA (default: 50-period) in yellow.
Slow EMA (default: 200-period) in orange.
Optional EMAs (EMA 1, EMA 2, and EMA 3) in blue, green, and purple, respectively.
6. Using the Indicator
Add the indicator to your chart via the Pine Editor in TradingView.
Customize the input parameters to fit your trading style or the asset's characteristics.
Use the table to quickly assess the current market stage and key performance metrics.
Observe the plotted EMAs to understand trend alignments and potential crossovers.
This script is particularly useful for identifying market trends, understanding price momentum, and aligning trading decisions with broader market conditions.
No Wick Setup Indicator
**No Wick Setup Indicator**
This is a custom trading indicator designed to identify and signal potential buy and sell opportunities based on candlestick patterns with no wicks. Specifically, it looks for candles with no wicks at the bottom (bullish setup) or no wicks at the top (bearish setup). Here's how it works:
**Key Features:**
- **Bullish Setup**: A green candlestick with no bottom wick (i.e., the open price is equal to the low price of the candle) is considered a potential bullish signal. A trendline is drawn at the bottom of this candle. When the market price returns to this trendline, a buy signal is generated.
- **Bearish Setup**: A red candlestick with no top wick (i.e., the open price is equal to the high price of the candle) is considered a potential bearish signal. A trendline is drawn at the top of this candle. When the market price returns to this trendline, a sell signal is generated.
- **Timeframe**: This indicator works exclusively on the **30-minute timeframe**.
**How It Works:**
1. When a candlestick pattern with no bottom wick (bullish setup) is identified, a trendline is drawn at the low of the candlestick.
2. When a candlestick pattern with no top wick (bearish setup) is identified, a trendline is drawn at the high of the candlestick.
3. The indicator then tracks the market price and waits for it to return to the respective trendline level.
4. **Buy Signal**: When the market price touches or goes below the bullish trendline, a **Buy** signal is displayed on the chart with an upward arrow.
5. **Sell Signal**: When the market price touches or goes above the bearish trendline, a **Sell** signal is displayed on the chart with a downward arrow.
**Visual Elements:**
- **Trendlines**: Horizontal lines drawn at the bottom (bullish) or top (bearish) of the candlesticks with no wick.
- **Buy/Sell Labels**: Labels indicating "Buy" or "Sell" appear when the market price returns to the trendline.
**Why Use This Indicator?**
- This indicator helps identify specific price levels where the market might reverse or consolidate based on candlestick structure, offering potential entry points for trades.
- It allows traders to focus on price action and market behavior without relying on more complex indicators.
FuTech : Earnings (All 269 Fundamental Metrics of Tradingview)FuTech : Earnings Indicator
The FuTech : Earnings Indicator is a revolutionary tool, offering the most comprehensive integration of all 269 fundamental financial metrics available from the TradingView platform.
This groundbreaking indicator is designed to empower financial researchers, traders, investors, and analysts with an unmatched depth of data, enabling superior analysis and decision-making.
Overview
"FuTech : Earnings Indicator" is the first-ever indicator to provide a holistic comparison of fundamental financial metrics for any stock, covering quarterly, yearly, and trailing twelve months (TTM) periods.
This tool brings together key financial data from income statements, balance sheets, cash flows, and other critical metrics found in company annual reports.
It also incorporates additional unique features like per-employee data, R&D expenses, and capital expenditures (CapEx), which are typically hidden within dense financial statements of Annual Reports.
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Key Features and Capabilities
1. Comprehensive Financial Metrics
- "FuTech : Earnings Indicator" offers access to all 269 fundamental metrics available on TradingView platform. This includes widely used data such as revenue, profit margins, and EPS, alongside more niche metrics like R&D expenditure, employee efficiency, and financial scores developed by renowned analysts.
- Users can explore income statement data (e.g., net income, gross profit), balance sheet items (e.g., total assets, liabilities), cash flow metrics, and other financial statistics such as Altman Score, per employee expenses etc. in unparalleled detail.
2. Comparison Across Time Periods
- "FuTech : Earnings Indicator" allows users to analyze data for:
- Quarterly periods (e.g., Q1, Q2, Q3, Q4).
- Yearly comparisons for a broad historical view.
- TTM analysis to observe the most recent trends and developments.
- Users can select a minimum of 4 periods up to an unlimited range for detailed comparisons in both quarter.
3. Dynamic Data Display
- Users can select up to 5 key metrics alongside the stock price column to focus their analysis on the most relevant data points.
- Highlighting with green and red symbols offers an intuitive and visual representation:
- Green : Positive trends or improvements.
- Red : Negative trends or deteriorations.
4. Automated Averages
- "FuTech : Earnings Indicator" automatically calculates averages of selected metrics across the chosen periods. This feature helps users quickly identify performance trends and smooth out anomalies, enabling faster and more reliable research.
5. Designed for Research Excellence
- FuTech serves a wide audience, including:
- Corporate finance professionals who need a deep dive into financial metrics.
- Individual investors seeking robust tools for investment analysis.
- Broking companies and equity research analysts performing stock analysis.
- Traders looking to incorporate fundamental metrics into their strategies.
- Technical analysts seeking a better understanding of price behavior in relation to fundamentals.
- Fundamental research aspirants who want an edge in their learning process.
6. Unmatched Detail for Deeper Insights
- By pulling all 269 Financial metrics from the TradingView, "FuTech : Earnings Indicator" enables:
- Cross-comparison of a stock’s performance with its historical benchmarks.
- Evaluation of rare data like R&D expenses, CapEx trends, and employee efficiency ratios for enhanced investment insights.
- This ensures users can study stocks in greater depth than ever before.
7. Enhanced Usability
- Simple to use and visually appealing, "FuTech : Earnings Indicator" is designed with researchers in mind.
- Its intuitive interface ensures even novice users can navigate the wealth of data without feeling overwhelmed.
Applications of FuTech : Earnings Indicator
FuTech : Earnings Indicator is incredibly versatile and has applications in diverse fields of financial research and trading:
1. Corporate Finance
- Professionals in corporate finance can leverage "FuTech : Earnings Indicator" to benchmark company performance, study efficiency ratios, and evaluate financial health across various metrics.
2. Investors and Traders
- Long-term investors can use the tool to study the fundamental strengths of a stock before making buy-and-hold decisions.
- Traders can incorporate "FuTech : Earnings Indicator" into their analysis to align comprehensive fundamental trends with their targeted technical signals.
3. Equity Research Analysts
- Analysts can streamline their workflows by quickly identifying trends, outliers, and averages across large datasets.
4. Education and Research
- "FuTech : Earnings Indicator" is ideal for students and aspiring financial analysts who want a practical tool for understanding real-world data.
How FuTech : Earnings Indicator Stands Out
1. First-Ever Integration of All Financial Metrics
- It's an exclusive tool which offers the ability to explore all 269 financial metrics available on TradingView for a single stock research in-depth for quarters, years or TTM periods.
2. Period Customization
- Users have complete flexibility to select and analyze data across any range of time periods, allowing for customized insights tailored to specific research goals.
3. Data Visualization
- The intuitive use of color-coded symbols (green for positive trends, red for negative) makes complex data easy to interpret at a glance.
4. Actionable Insights
- The automated average calculations provide actionable insights for making informed decisions without manual computations.
5. Unique Metrics
- Metrics such as research and development costs, CapEx, and per-employee efficiency data offer unique angles that aren’t typically available in traditional analysis tools.
Why to Use FuTech : Earnings Indicator ?
1. Boost Your Research Power
- With FuTech, you can unlock a world of data that gives you the edge in analyzing stocks. Whether you’re a seasoned analyst or a beginner, this tool offers something for everyone.
2. Save Time and Effort
- The automated features and intuitive interface eliminate the need for time-consuming manual calculations and formatting.
3. Make Better Decisions
- "FuTech : Earnings Indicator's" detailed comparison capabilities and insightful visual aids allow for more accurate assessments of a stock’s performance and potential.
4. Broad Appeal
- From individual investors to financial institutions, FuTech is a valuable tool for anyone in the world of finance.
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Conclusion
- The FuTech : Earnings Indicator is a must-have for anyone serious about financial analysis.
- It combines the depth of all 269 fundamental metrics with intuitive tools for comparison, visualization, and calculation.
- Designed for ease of use and powerful insights, FuTech : Earnings Indicator is set to transform the way financial data is analyzed and understood.
Thank you !
Jai Swaminarayan Dasna Das !
He Hari ! Bas Ek Tu Raji Tha !
BuySell%_ImtiazH_v2BuySell%_ImtiazH
This indicator includes two powerful volume metrics to complement your trading analysis:
30-Day Avg Vol (Blue Line): Tracks the average volume over the past 30 days, providing a baseline for typical trading activity.
Breakout Vol (White Line): Highlights the volume threshold needed for a potential breakout, calculated as a user-defined percentage above the 30-day average volume (default: 40%).
In addition to these enhancements, the indicator breaks down total trading volume into buying and selling components and calculates the percentage of buy volume for each bar.
🟥 Red Bars: Represent total volume.
🟩 Teal Bars: Show the buying volume within each candle.
🟨 Buy %: Displays the percentage of buy volume dynamically in the indicator panel, highlighted in yellow for quick visibility.
Use this tool to easily spot accumulation (buying pressure) or distribution (selling pressure) trends, customize breakout thresholds, and identify key breakout opportunities. Simple, clear, and effective for volume-based analysis!
How Are Buy Volume and Sell Volume Calculated?
This indicator uses a proportional approach to estimate buy and sell volumes based on price action:
Buy Volume: The portion of total volume where the price is moving upward, representing trades executed at the ask price.
Formula:
Buy Volume = (close - low) / (high - low) * volume
Sell Volume: The portion of total volume where the price is moving downward, representing trades executed at the bid price.
Formula:
Sell Volume = (high - close) / (high - low) * volume
If the high and low prices are the same (flat bar), both buy and sell volumes are set to 0.
Why This Matters
This calculation assumes the close price’s position within the high-to-low range reflects the balance of buying and selling activity:
Close near the high: Most volume is buy volume.
Close near the low: Most volume is sell volume.
Close in the middle: Volume is split between buying and selling.
By breaking down volume in this way, the indicator helps traders identify key trends like accumulation (buying pressure) and distribution (selling pressure), making it a powerful tool for volume-based analysis.
Heat Map Trend (VIDYA MA) [BigBeluga]The Heat Map Trend (VIDYA MA) - BigBeluga indicator is a multi-timeframe trend detection tool based on the Volumetric Variable Index Dynamic Average (VIDYA). This indicator calculates trends using volume momentum, or volatility if volume data is unavailable, and displays the trends across five customizable timeframes. It features a heat map to visualize trends, color-coded candles based on an average of the five timeframes, and a dashboard that shows the current trend direction for each timeframe. This tool helps traders identify trends while minimizing market noise and is particularly useful in detecting faster market changes in shorter timeframes.
🔵 KEY FEATURES & USAGE
◉ Volumetric Variable Index Dynamic Average (VIDYA):
The core of the indicator is the VIDYA moving average, which adjusts dynamically based on volume momentum. If volume data isn't available, the indicator uses volatility instead to smooth the moving average. This allows traders to assess the trend direction with more accuracy, using either volume or volatility, if volume data is not provided, as the basis for the trend calculation.
// VIDYA CALCULATION -----------------------------------------------------------------------------------------
// ATR (Average True Range) and volume calculation
bool volume_check = ta.cum(volume) <= 0
float atrVal = ta.atr(1)
float volVal = volume_check ? atrVal : volume // Use ATR if volume is not available
// @function: Calculate the VIDYA (Volumetric Variable Index Dynamic Average)
vidya(src, len, cmoLen) =>
float cmoVal = ta.sma(ta.cmo(volVal, cmoLen), 10) // Calculate the CMO and smooth it with an SMA
float absCmo = math.abs(cmoVal) // Absolute value of CMO
float alpha = 2 / (len + 1) // Alpha factor for smoothing
var float vidyaVal = 0.0 // Initialize VIDYA
vidyaVal := alpha * absCmo / 100 * src + (1 - alpha * absCmo / 100) * nz(vidyaVal ) // VIDYA formula
◉ Multi-Timeframe Trend Analysis with Heat Map Visualization:
The indicator calculates VIDYA across five customizable timeframes, allowing traders to analyze trends from multiple perspectives. The resulting trends are displayed as a heat map below the chart, where each timeframe is represented by a gradient color. The color intensity reflects the distance of the moving average (VIDYA) from the price, helping traders to identify trends on different timeframes visually. Shorter timeframes in the heat map are particularly useful for detecting faster market changes, while longer timeframes help to smooth out market noise and highlight the general trend.
Trend Direction:
Heat Map Reading:
◉ Dashboard for Multi-Timeframe Trend Directions:
The built-in dashboard displays the trend direction for each of the five timeframes, showing whether the trend is up or down. This quick overview provides traders with valuable insights into the current market conditions across multiple timeframes, helping them to assess whether the market is aligned or if there are conflicting trends. This allows for more informed decisions, especially during volatile periods.
◉ Color-Coded Candles Based on Multi-Timeframe Averages:
Candles are dynamically colored based on the average of the VIDYA across all five timeframes. When the price is in an uptrend, the candles are colored blue, while in a downtrend, they are colored red. If the VIDYA averages suggest a possible trend shift, the candles are displayed in orange to highlight a potential change in momentum. This color coding simplifies the process of identifying the dominant trend and spotting potential reversals.
BTC:
SP500:
◉ UP and DOWN Signals for Trend Direction Changes:
The indicator provides clear UP and DOWN signals to mark trend direction changes. When the average VIDYA crosses above a certain threshold, an UP signal is plotted, indicating a shift to an uptrend. Conversely, when it crosses below, a DOWN signal is shown, highlighting a transition to a downtrend. These signals help traders to quickly identify shifts in market direction and respond accordingly.
🔵 CUSTOMIZATION
VIDYA Length and Momentum Settings:
Adjust the length of the VIDYA moving average and the period for calculating volume momentum. These settings allow you to fine-tune how sensitive the indicator is to market changes, helping to match it with your preferred trading style.
Timeframe Selection:
Select five different timeframes to analyze trends simultaneously. This gives you the flexibility to focus on short-term trends, long-term trends, or a combination of both depending on your trading strategy.
Candle and Heat Map Color Customization:
Change the colors of the candles and heat map to fit your personal preferences. This customization allows you to align the visuals of the indicator with your overall chart setup, making it easier to analyze market conditions.
🔵 CONCLUSION
The Heat Trend (VIDYA MA) - BigBeluga indicator provides a comprehensive, multi-timeframe view of market trends, using VIDYA moving averages that adapt to volume momentum or volatility. Its heat map visualization, combined with a dashboard of trend directions and color-coded candles, makes it an invaluable tool for traders looking to understand both short-term market fluctuations and longer-term trends. By showing the overall market direction across multiple timeframes, it helps traders avoid market noise and focus on the bigger picture while being alert to faster shifts in shorter timeframes.
VRDisplays the volume ratio of the currently analyzed trading pair compared to the BTC/USD trading pair on Coinbase. It uses the ratio of their respective trading volumes and visualizes the data as a histogram (columns) with different colors based on specific thresholds.
Grey backgrounds on weekends.
Volume Rate of Change (VROC)Volume Rate of Change (VROC) is an indicator that calculates the percentage change in trading volume over a specific period, helping analyze market momentum and activity. It is calculated as:
VROC = ((Current Volume - Past Volume) ÷ Past Volume) × 100
This indicator shows changes in market interest. Positive values indicate increasing volume, while negative values signal a decrease. High VROC values often suggest potential trend reversals or breakouts.
Applications:
Breakout Validation: VROC > 200% confirms strong breakouts; below this may signal false moves.
Market Stagnation: VROC < 0% suggests shrinking volume and range-bound markets.
Trend End Alert: A drop below 0% during trends may indicate weakening momentum.
Adjusting for Timeframes: Tailor VROC to timeframes.
Examples:
Daily: VROC(5) compares with last week's same day; VROC(20) with 1 month ago.
Monthly: VROC(12) compares with the same month last year; VROC(1) with last month.
Intraday: VROC(24) (hourly) and VROC(288) (5 minutes) for the same time yesterday.
