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Volume-Trend Sentiment (VTS) [AlgoAlpha]Introducing the Volume-Trend Sentiment by AlgoAlpha, a unique tool designed for traders who seek a deeper understanding of market sentiment through volume analysis. This innovative indicator offers a comprehensive view of market dynamics, blending volume trends with price action to provide an insightful perspective on market sentiment. 🚀📊 Key Features: 1. 🌟 Dual Trend Analysis: This indicator combines the concepts of price movement and volume, offering a multi-dimensional view of market sentiment. By analyzing the relationship between the closing and opening prices relative to volume, it provides a nuanced understanding of market dynamics. 2. 🎨 Customizable Settings: Flexibility is at the core of this indicator. Users can adjust various parameters such as the length of the volume trend, standard deviation, and SMA length, ensuring a tailored experience to match individual trading strategies. 3. 🌈 Visual Appeal: With options to display noise, the main plot, and background colors, the indicator is not only informative but also visually engaging. Users can choose their preferred colors for up and down movements, making the analysis more intuitive. 4. ⚠️ Alerts for Key Movements: Stay ahead of market changes with built-in alert conditions. These alerts notify traders when the Volume-Trend Sentiment crosses above or below the midline, signaling potential shifts in market momentum. How It Works: The core of the indicator is the calculation of the Volume-Trend Sentiment (VTS). It is computed by subtracting a double-smoothed Exponential Moving Average (EMA) of the price-volume ratio from a single EMA of the same ratio. This method highlights the trend in volume relative to price changes. volumeTrend = ta.ema((close - open) / volume, volumeTrendLength) - ta.ema(ta.ema((close - open) / volume, volumeTrendLength), volumeTrendLength) To manage volatility and noise in the volume trend, the indicator employs a standard deviation calculation and a Simple Moving Average (SMA). This smoothing process helps in identifying the true underlying trend by filtering out extreme fluctuations. standardDeviation = ta.stdev(volumeTrend, standardDeviationLength) * 1 smoothedVolumeTrend = ta.sma(volumeTrend / (standardDeviation + standardDeviation), smaLength) A unique feature is the dynamic background color, which changes based on the sentiment level. This visual cue instantly communicates the market's bullish or bearish sentiment, enhancing the decision-making process. getColor(volumeTrendValue) => sentimentLevel = math.abs(volumeTrendValue * 10) baseTransparency = 60 // Base transparency level colorTransparency = math.max(90 - sentimentLevel * 5, baseTransparency) volumeTrendValue > 0 ? color.new(upColor, colorTransparency) : color.new(downColor, colorTransparency) bgcolor(showBackgroundColor ? getColor(smoothedVolumeTrend) : na) In summary, the Volume-Trend Sentiment by AlgoAlpha is a comprehensive tool that enhances market analysis through a unique blend of volume and price trends. Whether you're a seasoned trader or just starting out, this indicator offers valuable insights into market sentiment and helps in making informed trading decisions. 📈📉🔍🌐
Pine Script™ indicator
by AlgoAlpha
10
Kimchi Premium / Korean Premium ALL TICKERSKimchi Premium Due to the isolated nature of Korean crypto markets, Koreans pay a hefty premium on most cryptos. (Usually ranging from 3% to 5%). This is colloquially known as the " Kimchi Premium ". Uses The extend of this premium can be used to gauge Korean sentiment towards certain tickers. Most of the insane alt coin rallies that are started by Korean degens are missed by foreign traders entirely. This script seeks to fix that. Notes This script automatically detects your current ticker and compares the USDT pair to the KRW pair after adjusting for exchange rate. Works on all USDT, USDC, BUSD, FDUSD, USD, USDT.P, USDC.P or KRW pairs. Will obviously throw an error if your ticker has no KRW pairing.
Pine Script™ indicator
by Powerscooter
Fear & Greed Index (Zeiierman)█ Overview The Fear & Greed Index is an indicator that provides a comprehensive view of market sentiment. By analyzing various market factors such as market momentum, stock price strength, stock price breadth, put and call options, junk bond demand, market volatility, and safe haven demand, the Index can depict the overall emotions driving market behavior, categorizing them into two main sentiments: Fear and Greed. Fear: Indicates a market scenario where investors are scared, possibly leading to a sell-off or a stagnant market. In such conditions, the indicator helps in identifying potential buying opportunities as assets may be undervalued. Greed: Represents a state where investors are overly confident and buying aggressively, which can lead to inflated asset prices. The indicator in such cases can signal overbought conditions, advising caution or potential short opportunities. █ How It Works The Fear & Greed Index is an aggregate of seven distinct indicators, each gauging a specific dimension of stock market activity. These indicators include market momentum, stock price strength, stock price breadth, put and call options, junk bond demand, market volatility, and safe haven demand. The Index assesses the deviation of each individual indicator from its average, in relation to its typical fluctuations. In compiling the final score, which ranges from 0 to 100, the Index assigns equal weight to each indicator. A score of 100 denotes the highest level of Greed, while a score of 0 represents the utmost level of fear. S&P 500's Momentum: The Index monitors the S&P 500's position relative to its 125-day moving average. Positive momentum (price above the average) signals growing confidence among investors (Greed), while negative momentum (price below the average) indicates rising fear. Stock Price Strength: By comparing the number of stocks hitting 52-week highs to those at 52-week lows on the NYSE, the Index gauges market breadth. An extreme number of highs indicates Greed, whereas an extreme number of lows suggests Fear. Stock Price Breadth (Market Volume): Using the McClellan Volume Summation Index, which considers the volume of advancing versus declining stocks, the Index assesses whether the market is broadly participating in a trend, or if a smaller subset of stocks is driving it. Put and Call Options: The put/call ratio helps gauge investor sentiment. A rising ratio, particularly above 1, indicates increasing fear, as more investors are buying puts to protect against a decline. A falling ratio suggests growing confidence. Market Volatility (VIX): The VIX measures expected market volatility. Higher values generally indicate Fear, while lower values point to Greed. The Fear & Greed Index compares the VIX to its 50-day moving average to understand its trend. Safe Haven Demand: The performance of stocks versus bonds over a 20-day period helps understand where investors are putting their money. Bonds outperforming stocks is a sign of Fear, while the opposite suggests Greed. Junk Bond Demand: By comparing the yields on junk bonds to safer investment-grade bonds, the Index gauges risk appetite. A narrower yield spread suggests Greed (investors are taking more risk), while a wider spread indicates Fear. The Fear & Greed Index combines these components, scales, and averages them to produce a single value between 0 (Extreme Fear) and 100 (Extreme Greed). █ How to Use The Fear & Greed Index serves as a tool to evaluate the prevailing sentiments in the market. Investors, often driven by emotions, can react impulsively, and sentiment indicators like the Fear & Greed Index aim to highlight these emotional states, helping investors recognize personal biases that might impact their investment choices. When integrated with fundamental analysis and additional analytical instruments, the Index becomes a valuable resource for understanding and interpreting market moods and tendencies. The Fear & Greed Index operates on the principle that excessive fear can result in stocks trading well below their intrinsic values, while uncontrolled Greed can push prices above what they should be. ----------------- Disclaimer The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs. My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Pine Script™ indicator
by Zeiierman
16
US Market SentimentThe "US Market Sentiment" indicator is designed to provide insights into the sentiment of the US market. It is based on the calculation of an oscillator using data from the High Yield Ratio. This indicator can be helpful in assessing the overall sentiment and potential market trends. Key Features: Trend Direction: The indicator helps identify the general trend direction of market sentiment. Positive values indicate a bullish sentiment, while negative values indicate a bearish sentiment. Traders and investors can use this information to understand the prevailing market sentiment. Overbought and Oversold Levels: The indicator can highlight overbought and oversold conditions in the market. When the oscillator reaches high positive levels, it suggests excessive optimism and a potential downside correction. Conversely, high negative levels indicate excessive pessimism and the possibility of an upside rebound. Divergence Analysis: The indicator can reveal divergences between the sentiment oscillator and price movements. Divergences occur when the price reaches new highs or lows, but the sentiment oscillator fails to confirm the move. This can signal a potential trend reversal or weakening of the current trend. Confirmation of Trading Signals: The "US Market Sentiment" indicator can be used to confirm other trading signals or indicators. For instance, if a momentum indicator generates a bullish signal, a positive reversal in the sentiment oscillator can provide additional confirmation for the trade. Usage and Interpretation: Positive values of the "US Market Sentiment" indicate a bullish sentiment, suggesting potential buying opportunities. Negative values suggest a bearish sentiment, indicating potential selling or shorting opportunities. Extreme positive or negative values may signal overbought or oversold conditions, respectively, and could precede a market reversal. Divergences between the sentiment oscillator and price trends may suggest a potential change in the current market direction. Traders and investors can combine the "US Market Sentiment" indicator with other technical analysis tools to enhance their decision-making process and gain deeper insights into the US market sentiment.
Pine Script™ indicator
by Julien_Eche
1
Cryptocurrency Market Sentiment v1.0Introduction: Capable of observing the market sentiment of the cryptocurrency market The relative status of BTC and altcoins How it works: 1. The general uptrend process of the cryptocurrency market is BTC → ETH → high-cap altcoins → low-cap altcoins. When funds cannot push up BTC's market cap, funds gradually flow into smaller-cap altcoins until the upward trend ends. 2. Select ETH as the representative of altcoins, and understand the sentiment and current stage 3. Mathematical principle : divide the price of ETH by the price of BTC, and then apply it to the RSI formula . How to use it: 1. Similar to the RSI indicator , when CMS enters the overbought zone, it represents an active altcoin market, a passionate market sentiment , and the end of the uptrend. 2. When CMS enters the oversold zone, it indicates the leading stage of BTC in the rising trend or the capital flow back to BTC in the declining process . 3. If CMS is at a low level, long positions should focus on altcoins, and short positions should focus on BTC, and vice versa. ---------------------------------------------------------------------------------------------------------- 简单介绍： 能够观察加密市场市场情绪 BTC和寨币的相对状态 如何工作： 1、加密市场一般的上涨过程为 BTC → ETH → 大市值山寨 → 小市值山寨，当资金无法推动大市值的BTC上涨时，资金就会逐渐流向市值较小的山寨，直到一轮上涨结束。 2、选取ETH作为altcoins的代表，通过ETH与BTC的关系来了解加密市场的情绪和目前上涨的阶段。 3、数学原理：将ETH的价格/BTC的价格，随后将其带入RSI公式 如何使用： 1、与RSI指标类似，当cms进入超买时，代表寨币市场的活跃，市场情绪热烈，上涨进入尾声。 2、当cms进入超卖时，为上涨中BTC领涨的阶段或下降过程中资金回流BTC。 3、如果cms在低位，做多应关注altcoins，做空应关注btc，反之亦然。
Pine Script™ indicator
by Oxyg_
Generalized Bollinger Bands %B And Bandwidth (Tartigradia)Bollinger Band is simply a representation of the rolling average of price and its standard deviation around the average (called the "basis"). This indicator generalizes the Bollinger Band by implementing many different equations to calculate the Bollinger Bands beyond the standard deviation and sma, and then plot the %B (where the current price falls inside the Bollinger Band), Bandwidth (size of the Bollinger Band) as well as the Bollinger Band itself and a reproduction of the OHLC price candles in a separate pane. Whereas other Bollinger Bands indicators often just change the basis but not the stdev calculation, the correct way to change the basis is to also change it inside the stdev calculation. Advanced features such as temporal discounting (ie, newer bars can have more weights), median absolute deviation and multiple sigma bands (eg, 3-sigma) are available. Up to 3 different Bollinger Bands can be displayed, and the background can be highlighted when price is overbought/oversold (beyond the Bollinger Band of choice). Tip: BB3, which is the bollinger band with standard deviation of 3, which represents 99% of observed values in the lookback period, is a good choice to highlight overbought/oversold conditions. Three "Sentiment Bars" are provided to see at a glance the sentiments on the price action relative to the Bollinger Bands as reflected by the %B value. Usage: Use the %B as a measure of sentiment: bullish if > 0.5, bearish if < 0.5. You can use the Sentiment Bars at the bottom for a quick reference: aqua if bullish, red if bearish, gray if undefined (too close to the middle line). Use the bandwidth as a measure of volatility: higher is more volatile, lower is less. When overbought, it can be a good time to sell/short. Use a higher Bollinger Band Multiplier such as 3 or more to reduce false positives. When oversold, it can be a good time to buy/long. Use a higher Bollinger Band Multiplier such as 3 or more to reduce false positives. Consider setting a much tighter lookback period of 4 as recommended in backtested works (en.wikipedia.org), use zlma instead of sma, and finally set a higher timeframe for the Bollinger Bands than the one you are currently studying. Then, the Bollinger Bands can help in detecting overbought and oversold regions (price going "out of bands"). Note that I tried to automate the setting of a higher timeframe, but for some reason the output is different when I manually do it using request.security() than when it's in indicator(timeframe=""). If someone has any suggestion as to why it happens, please let me know! (You can try it for yourself by uncommenting the auto_timeframe parameter line).
Pine Script™ indicator
by tartigradia
2
BTC Twitter SentimentBTC Twitter Sentiment - shows the total numbers of all negative, neutral and positive Bitcoin related tweets. On default settings, the tweets are plotted in red (negative) white (neutral) as well as green (positive). The three charts are stacked so the total number of tweets is easily discernible. Furthermore, there's an optional smoothing setting in the options. The Twitter Sentiment data is provided daily by IntoTheBlock; Since data is only updated once a day the graph might look chunky on lower timeframes, even with smoothing.
Pine Script™ indicator
by Powerscooter
2