Volume-Supported Linear Regression Trend TableThe "Volume-Supported Linear Regression Trend Table" (VSLRT Table) script helps traders identify buy and sell opportunities by analyzing price trends and volume dynamics across multiple timeframes. It uses linear regression to calculate the trend direction and volume strength, visually representing this data with color-coded signals on the chart and in a table. Green signals indicate buying opportunities, while red signals suggest selling, with volume acting as confirmation of trend strength. Traders can use these signals for both short and long positions, with additional risk management and multi-timeframe validation to enhance the strategy.
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To use the "Volume-Supported Linear Regression Trend Table" (VSLRT Table) script in a trading strategy, you would incorporate it into your decision-making process to identify potential buy and sell opportunities based on the trend and volume dynamics. Here’s how you could apply it for trading:
1. Understanding the Key Elements:
Trend Direction (Slope of Price): The script uses linear regression to assess the trend direction of the price. If the price slope is positive, the asset is likely in an uptrend; if it's negative, the asset is in a downtrend.
Volume-Backed Signals: The buy or sell signal is not only based on the price trend but also on volume. Volume is crucial in validating the strength of a trend; large volume often indicates strong interest in a direction.
2. Interpreting the Table and Signals:
The table displayed at the bottom-right of your TradingView chart gives you a clear overview of the trends across different timeframes:
Trend Colors:
Green hues (e.g., ccol11, ccol12, etc.): Indicate a buying trend supported by volume.
Red hues (e.g., ccol21, ccol22, etc.): Indicate a selling trend supported by volume.
Gray: Indicates weak or unclear trends where no decisive direction is present.
Buy/Sell Signals:
The script plots triangles on the chart:
Upward triangle below the bar signals a potential buy.
Downward triangle above the bar signals a potential sell.
3. Building a Trading Strategy:
Here’s how you can incorporate the script’s information into a trading strategy:
Buy Signal (Long Entry):
Look for green triangles (indicating a buy signal) below a bar.
Confirm that the trend color in the table for the relevant timeframe is green, which shows that the buy signal is supported by strong volume.
Ensure that the price is in an uptrend (positive slope) and that volume is increasing on upward moves, as this indicates buying interest.
Execute a long position when these conditions align.
Sell Signal (Short Entry):
Look for red triangles (indicating a sell signal) above a bar.
Confirm that the trend color in the table for the relevant timeframe is red, which shows that the sell signal is supported by strong volume.
Ensure that the price is in a downtrend (negative slope) and that volume is increasing on downward moves, indicating selling pressure.
Execute a short position when these conditions align.
Exiting the Trade:
Exit a long position when a sell signal (red triangle) appears, or when the trend color in the table shifts to red.
Exit a short position when a buy signal (green triangle) appears, or when the trend color in the table shifts to green.
4. Multi-Timeframe Confirmation:
The script provides trends across multiple timeframes (tf1, tf2, tf3), which can help in validating your trade:
Short-Term Trading: Use shorter timeframes (e.g., 3, 5 minutes) for intraday trades. If both short and medium timeframes align in trend direction (e.g., both showing green), it strengthens the signal.
Longer-Term Trading: If you are trading on a higher timeframe (e.g., daily or weekly), confirm that the lower timeframes align with your intended trade direction.
5. Adding Risk Management:
Stop-Loss: Place stop-losses below recent lows (for long trades) or above recent highs (for short trades) to minimize risk.
Take Profit: Consider taking profit at key support/resistance levels or based on a fixed risk-to-reward ratio (e.g., 2:1).
Example Strategy Flow:
For Long (Buy) Trade:
Signal: A green triangle appears below a candle (Buy signal).
Trend Confirmation: Check that the color in the table for your selected timeframe is green, confirming the trend is supported by volume.
Execute Long: Enter a long trade if the price is trending upward (positive price slope).
Exit Long: Exit when a red triangle appears above a candle (Sell signal) or if the trend color shifts to red in the table.
For Short (Sell) Trade:
Signal: A red triangle appears above a candle (Sell signal).
Trend Confirmation: Check that the color in the table for your selected timeframe is red, confirming the trend is supported by volume.
Execute Short: Enter a short trade if the price is trending downward (negative price slope).
Exit Short: Exit when a green triangle appears below a candle (Buy signal) or if the trend color shifts to green in the table.
6. Fine-Tuning:
Backtesting: Before trading live, use TradingView’s backtesting features to test the strategy on historical data and optimize the settings (e.g., length of linear regression, timeframe).
Combine with Other Indicators: Use this strategy alongside other technical indicators (e.g., RSI, MACD) for better confirmation.
In summary, the script helps identify trends with volume support, giving more confidence in buy/sell decisions. Combining these signals with risk management and multi-timeframe analysis can create a solid trading strategy.
Trendyanalysis
Kijun_ATROVERVIEW
Kijun + ATR is an indicator that combines Lagging Kijun Base Line From Ichimoku Cloud (direction indicator) and Volatility Indicator ATR.
By combining ATR with kijun we can filter out noise from Base Line.
CALCULATIONS
Kijun is calculated by taking average of lowest and highest point of price over set lenght.
ATR is just default Tradingview Indicator that calculates average true range of price over set period of time.
WORKING
When both close > lower and not close < upper are true indicator indicate long by color limeand indicates short when close < upper by color fuchsia (Color can be changed in settings)
Indicator works best in Trending Market Regimes can have problems by signaling tops in Consolidating Market Regimes during bear markets and by sygnaling bottom in short consolidating market regimes during bull market.
SuperThreeThe SuperThree is a comprehensive technical indicator designed to identify and visualize market trends and counter-trend momentum in trading. It uses a unique color-coding system to represent different market conditions and potential trading opportunities.
Uptrend (Green Fill) : This is indicated by a green fill. An uptrend is a period where prices are increasing overall, suggesting a strong market. It’s an ideal time for traders to consider entering long positions or exiting short positions.
Downtrend (Red Fill) : This is represented by a red fill. A downtrend is a period where prices are decreasing overall, indicating a bearish market. Traders might consider entering short positions or exiting long positions during this phase.
Sideways Trend (Blue Fill) : This is shown by a blue fill. A sideways trend, also known as a horizontal trend, is when the price is relatively stable and not making significant upward or downward movements. It’s often a period of consolidation before the price moves up or down.
Counter-Trend Momentum (Blue Arrows) : Blue arrows indicate counter-trend momentum, which can be a signal to exit trades or look for potential trend reversals. These are crucial points where the market’s momentum is shifting and may be about to move in the opposite direction.
The SuperThree indicator is an enhancement of the Supertrend indicator, providing additional features and visual cues to help traders make informed decisions. However, like all indicators, it should be used in conjunction with other forms of analysis to confirm signals and avoid potential false positives. Always consider your risk tolerance and investment goals before making trading decisions.
Happy trading! 😊
Easy RSI Trend - The trend is your friend till the endThis indicator detects the trend for you and keeps you out of choppy markets. It does not give you a signal, rather it tells you for what kind of signals to look for on the top right of the screen: "Only Longs" or "Only Shorts"
If there is no trend or if a trend is overextended (overbought, oversold) it tells you: "No trade allowed"
The indicator does this by scanning the 4h and daily RSI. Both are displayed in a small table in the bottom right of the screen. The upper cell is the 4h RSI and the other the daily RSI value.
AGAIN: This indicator does not give you a signal. It only tells you the direction in which you should trade. It should be used with an indicator or a strategy that gives you a clear signal.
Absolute Momentum (Time Series Momentum)Absolute momentum , also known as time series momentum , focuses on the trend of an asset's own past performance to predict its future performance. It involves analyzing an asset's own historical performance, rather than comparing it to other assets.
The strategy determines whether an asset's price is exhibiting an upward (positive momentum) or downward (negative momentum) trend by assessing the asset's return over a given period (standard look-back period: 12 months or approximately 250 trading days). Some studies recommend calculating momentum by deducting the corresponding Treasury bill rate from the measured performance.
Absolute Momentum Indicator
The Absolute Momentum Indicator displays the rolling 12-month performance (measured over 250 trading days) and plots it against a horizontal line representing 0%. If the indicator crosses above this line, it signifies positive absolute momentum, and conversely, crossing below indicates negative momentum. An additional, optional look-back period input field can be accessed through the settings.
Hint: This indicator is a simplified version, as some academic approaches measure absolute momentum by subtracting risk-free rates from the 12-month performance. However, even with higher rates, the values will still remain close to the 0% line.
Benefits of Absolute Momentum
Absolute momentum, which should not be confused with relative momentum or the momentum indicator, serves as a timing instrument for both individual assets and entire markets.
Gary Antonacci , a key contributor to the absolute momentum strategy (find study below), emphasizes its effectiveness in multi-asset portfolios and its importance in long-only investing. This is particularly evident in a) reducing downside volatility and b) mitigating behavioral biases.
Moskowitz, Ooi, and Pedersen document significant 'time series momentum' across various asset classes, including equity index, currency, commodity, and bond futures, in 58 liquid instruments (find study below). There's a notable persistence in returns ranging from one to 12 months, which tends to partially reverse over longer periods. This pattern aligns with sentiment theories suggesting initial under-reaction followed by delayed over-reaction.
Despite its surprising ease of implementation, the academic community has successfully measured the effects of absolute momentum across decades and in every major asset class, including stocks, bonds, commodities, and foreign exchange (FX).
Strategies for Implementing Absolute Momentum:
To Buy a Stock:
Select a Look-Back Period: Choose a historical period to analyze the stock's performance. A common period is 12 months, but this can vary based on your investment strategy.
Calculate Excess Return: Determine the stock's excess return over this period. You can also assume a risk-free rate of "0" to simplify the process.
Evaluate Momentum:
If the excess return is positive, it indicates positive absolute momentum. This suggests the stock is in an upward trend and could be a good buying opportunity.
If the excess return is negative, it suggests negative momentum, and you might want to delay buying.
Consider further conditions: Align your decision with broader market trends, economic indicators, or fundamental analysis, for additional context.
To Sell a Stock You Own:
Regularly Monitor Performance: Use the same look-back period as for buying (e.g., 12 months) to regularly assess the stock's performance.
Check for Negative Momentum: Calculate the excess return for the look-back period. Again, you can assume a risk-free rate of "0" to simplify the process. If the stock shows negative momentum, it might be time to consider selling.
Consider further conditions:Align your decision with broader market trends, economic indicators, or fundamental analysis, for additional context.
Important note: Note: Entering a position (i.e., buying) based on positive absolute momentum doesn't necessarily mean you must sell it if it later exhibits negative absolute momentum. You can initiate a position using positive absolute momentum as an entry indicator and then continue holding it based on other criteria, such as fundamental analysis.
General Tips:
Reassessment Frequency: Decide how often you will reassess the momentum (monthly, quarterly, etc.).
Remember, while absolute momentum provides a systematic approach, it's recommendable to consider it as part of a broader investment strategy that includes diversification, risk management, fundamental analysis, etc.
Relevant Capital Market Studies:
Antonacci, Gary. "Absolute momentum: A simple rule-based strategy and universal trend-following overlay." Available at SSRN 2244633 (2013)
Moskowitz, Tobias J., Yao Hua Ooi, and Lasse Heje Pedersen. "Time series momentum." Journal of financial economics 104.2 (2012): 228-250
VIPER DOPING - A Volume Profile to estimate trend probabilityDESCRIPTION :
VIPER DOPING uses volume analysis to help trader to understand trading keys below:
Support and Resistance
Profit and Loss
Estimate candle direction
Trend
Biggest Buy and Sell on level prices
HOW TO USE:
The volume bar will have buy and sell colors, by default the buy color is blue and the sell is red. The size of bar is important matter, the biggest bar size means that price level has strong volume or transaction and the smallest bar size indicates the lowest transaction or volume. How to read it?
The bar above the candle is the resistance
The bar below the candle is the support
If you want long the market, find the biggest or bigger support, which is below the candle
If you want short the market, find the biggest or bigger resistance which is above the candle
Trading style and the maximum range (total candle), default is 60. This setup to analyze volumes in specific candle range. Please check the following recommendation based on trading style:
Scalping: 30 - 60 candles, recommendation timeframe: 5m - 1h
Day Trading: 50 - 120 candles, recommendation timeframe: 30m - 4h
Swing Trading: 100- 240 candles, recommendation timeframe: 1h- 3D
The white box is to visualize trading area by total candle. Every line has the meaning:
The left line is the start candle
The right line is the end candle
The top line is the highest price of volume profile
The bottom line is the lowest price of volume profile
The fibonacci line will help you to confirm and compare of supports and resistances with the volume profile lines.
The TABLE CELLS
it contains information to help trader to understand the recent situation of market and to take strategy of trading:
Total Candle : the maximum candles are used to analyze the volume from previous active candle
Biggest Sell : the horizontal price area which has the largest of sell volume of the last total candle
Biggest Buy : the horizontal price area which has the largest of buy volume of the last total candle
Buy Rate : the ratio of buy and sell volume of the last total candle
Support: the closest price to be the support from the active candle, auto changed if support to be invalid
Resistance : the closest price to be the resistance from the active candle, auto changed if support to be invalid
PnL : the percentage profit if you trade using the support and resistance prices and it can be used for Risk Management. Wisely the risk is 50% of the profit, example if the profit 1% the your risk should be 0.5% from entry.
Estimate : to analize the next direction of candle or target, it will be changed automatically by volume condition.
CONFIGURATION:
Table Position : You can change the table position to top or bottom, to left, right or center
Calculation : You can include the active candle in volume calculation or you can choose the behind active candle. If you use active candle, there could be possible repainting.
The volume profile configuration is about appearance configuration, to setup the thickness, colors, position.
The fibonacci configuration is about appearance configuration, to setup the thickness, extend lines, label styles.
blackOrb PhaseMA matrix for identification of bullish/bearish macro phases and strategy implementation through the definition of effective MA lengths.
Moving Averages, when conventionally employed in either single-line or dual-line configurations, come with inherent limitations that hinder their effectiveness in capturing the complexities of varying market conditions.
In response to this challenge, blackOrb Phase utilizes a combination of quantitative and relational MA analysis techniques, providing users with a more comprehensive understanding of market trends and a granular derivation of price-dynamic phases by using the following features:
I. MA matrix to identify effective MA lengths for strategy implementation
II. Stochastic coloring for trend tracking and macro phase identification
III. Diverse MA options for enhanced analytical flexibility
Technical Methodology
I. MA Matrix to Identify Effective MA Lengths for Strategy Implementation
Central to the methodology is the ability to identify optimal MA lengths for effective strategy implementation. blackOrb Phase utilizes a matrix of multiple MAs, each characterized by unique parameters, to establish a relational grid structure. By systematically examining price data within predefined vertical segments, this matrix offers a linear multi-level modulation of historical price data, providing access to up to 500 prior data instances. This methodology enhances the analysis of both micro price dynamics shifts and bullish or bearish macro trend changes. It has been empirically validated that this approach can assist users to refine their analysis and adapt to varying market conditions*.
Crossings of MA lines with different colors signify potential shifts in price dynamic phases. When green MA lines intersect red MA lines, it suggests a higher likelihood of a macro trend change (bullish or bearish market environment). Conversely, when green MA lines cross over orange MA lines, it indicates a lower probability of a macro trend change but still suggests a potential micro trend shift. This micro trend shift can be viewed as a subordinate price dynamic change within the broader macro trend.
*Source: Prof. Pätäri, Eero. "Performance of moving average trading strategies over varying stock market conditions." Applied Economics, vol. 46, no. 24, 2014, pp. 2851-2872.
II. Stochastic Coloring for Trend Tracking and Macro Phase Identification
To provide a comprehensive view, this indicator includes a stochastic tracking feature, displayed through an intuitive single-color system across the entire matrix grid. The color scheme transitions from red lines, indicating the beginning of bearish trend phases, to green lines, indicating the initiation of bullish trend phases and vice versa. The greater the number of lines with the same color, the stronger the trend.
This tool enhances price trend monitoring, allowing traders not only to track their initiation and continuation but also to confirm trend culmination. By observing color shifts from red/green lines, traders can assess the sustainability and persistence of broader macro trends.
Note: Stochastic coloring aids in probability-based orientation and provides valuable insights for trading strategy implementation. It is most effective when used in conjunction with other analysis and risk management techniques.
III. Diverse MA Options for Enhanced Analytical Flexibility
Users have the flexibility to choose from 14 different MA types (e.g. including ALMA, KAMA, T3, VWMA, TriMA and ZLEMA). This versatility allows for precise configurations tailored to specific market conditions.
For example, among the array of these 14 MA alternatives, VWMA (Volume Weighted MA) stands out as a suitable implementation choice for integrating volume data. It goes beyond the scope of a simple moving average, considering both price and volume in its calculation, as shown in the following formula:
(C1 x V1 + C2 x V2 + ... + Cn x Vn) / (V1 + V2 + ... + Vn)
Alongside this variety of MA types, users can select from a range of OHLC combination options (open, high, low and close price data), further enhancing analytical flexibility.
Note: While these choices offer substantial flexibility, they also require a solid understanding of the various MA types and data combinations, making risk management essential.
Note on Usability
blackOrb Phase can have synergies with blackOrb Price and blackOrb Zone as all three indicators combined can give a bigger picture for supporting comprehensive and multifaceted data-driven trading analysis.
This tool was meticulously created to serve as an additional frame for the seamless integration of other more granular trading indicators. This indicator isn't intended for standalone trading application. Instead, it is serving as a supplementary tool for orientation within broader trading strategies.
Irrespective of market conditions, it can harmonize with a wider range of trading styles and instruments / trading pairs / indices like Stocks, Gold, FX, EURUSD, SPX500, GBPUSD, BTCUSD and Oil.
Inspiration and Publishing
Taking genesis from the inspirations amongst others provided by TradingView Pine Script Wizard Kodify, blackOrb Phase is a multi-encompassing script meticulously forged from scratch. It aspires to furnish a comprehensive approach, borne out of personal experiences and a strong dedication in supporting the trading community. We eagerly await valuable feedback to refine and further enhance this tool.
D-Bot Alpha All in One BarsThis indicator, known as "D-Bot Alpha All in One Bars," combines various technical analysis methodologies. It amalgamates a range of oscillator-based and moving average-based measures to determine the 'strength' or 'effectiveness' of a particular bar. This could potentially provide investors with an idea of the direction the market is moving.
Each indicator (such as RSI, Stochastic, WPR, MFI, CCI, ADX, RVI, and Volatility) measures a different market condition, and these conditions are combined to form an overall 'bar strength' value. This value is color-coded based on set threshold values (Lower Threshold and Upper Threshold) to indicate a bullish (green) and bearish (red) market condition.
4h
*The indicator works best on timeframes of 4 hours and below. For higher timeframes, you'll need to perform optimization.
The strength of this indicator lies in its ability to provide a broad market view by combining a range of analytical methods. However, its weakness is that each measurement carries equal weight, which can sometimes result in misleading signals.
15m
This indicator is typically used in conjunction with other technical analysis tools. For example, tools that provide a broader market structure, such as trend lines, support and resistance levels, or Fibonacci retracement levels, can be used alongside this indicator.
5m
An example trading strategy could involve monitoring the bar strength of the indicator and making buy trades during green (bullish) bars and sell trades during red (bearish) bars. However, as always, it's important to thoroughly test any trading strategy before implementing it.
***Please follow my profile to access indicators full of original ideas. Happy trading...
1m
Türkçe açıklama:
"D-Bot Alpha All in One Bars" indikatörü çok çeşitli teknik analiz metodolojilerini bir araya getiriyor. İndikatör, bir dizi farklı osilatör ve hareketli ortalama tabanlı ölçütü birleştirerek, belirli bir barın 'gücünü' veya 'etkililiğini' belirlemek için kullanılıyor. Bu, potansiyel olarak yatırımcılara marketin hangi yönde ilerlemek istediğine dair bir fikir verebilir.
Her bir gösterge (RSI, Stokastik, WPR, MFI, CCI, ADX, RVI ve volatilite gibi) kendi başına farklı bir piyasa durumunu ölçüyor ve bu durumlar birleştirilerek genel bir 'bar gücü' değeri elde ediliyor. Bu değer, belirlenen eşik değerlere (Lower Threshold ve Upper Threshold) göre renklendirilerek piyasada bir yükseliş (yeşil) veya düşüş (kırmızı) durumu gösteriyor.
Bu indikatörün güçlü yönleri, bir dizi farklı analitik yöntemi bir araya getirerek geniş bir piyasa görünümü sağlamasıdır. Ancak zayıf yanı, her bir ölçütün ağırlığının eşit olduğu ve bazen yanıltıcı sinyaller verebilecek olmasıdır.
Bu indikatör genellikle diğer teknik analiz araçlarıyla birlikte kullanılmalıdır. Örneğin, eğilim çizgileri, destek ve direnç seviyeleri veya Fibonacci retracement seviyeleri gibi daha genel piyasa yapısı araçları bu indikatörle birlikte kullanılabilir.
Örnek bir işlem stratejisi olarak, indikatörün bar gücünü gözlemleyebilir ve yeşil (yükseliş) barlar sırasında alım, kırmızı (düşüş) barlar sırasında satış yapabilirsiniz. Ancak, her zaman olduğu gibi, herhangi bir trade stratejisi belirlenmeden önce dikkatli bir şekilde test etmek önemlidir.
Trend Oscillatorwhat is "Trend Oscillator"?
it is an indicator for determining the trend.
what it does?
analyzes the price action by reducing it to 4 different situations. Red means strong bear, orange means bearish, yellow means weak bull and green means strong bull. It was developed to help traders who trade in the direction of the trend and its biggest promise is to simplify price action.
how it does it?
He defines 4 different situations as follows. If the velocity of the price is positive and the acceleration is positive, it is a strong bull, if the velocity is positive and the acceleration is negative, it is a weak bull, if the velocity is negative and the acceleration is positive, it is a weak bear, if both velocity and acceleration are negative, it is a strong bear.
2 for strong bull
1 for the weak bull
-1 for weak bear
Creates a function that takes values of -2 for the strong bear. this function is the velocity of the principal indicator, and then the integral of this function forms the principal indicator.
how to use it?
"source" is used to change the source of the indicator,
"length" makes the indicator give a later but less signal.
you can use it to follow or analyze the trend. colors make it easy to use. learns about current or past trends by looking at colors. Like any trend indicator, it can give unsuccessful signals in a horizontal trend.
