BUY & SELL VOLUME PRESSURE by @XeL_ArjonaBUY & SELL PRICE TO VOLUME PRESSURE
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of:
Buy (Bull) and Sell (Bear) "Power Balance Algorithm" by: Stocks & Commodities V. 21:10 (68-72): "Bull And Bear Balance Indicator by Vadim Gimelfarb"
Normalisation (Filter) from Karthik Marar's VSA work: karthikmarar.blogspot.mx
Buy to Sell Convergence / Divergence and Volume Pressure Counterforce Histogram Ideas by: @XeL_Arjona
WHAT IS THIS?
The following indicators try to acknowledge in a K-I-S-S approach to the eye (Keep-It-Simple-Stupid), the two most important aspects of nearly every trading vehicle: -- PRICE ACTION IN RELATION BY IT'S VOLUME --
Volume Pressure Histogram: Columns plotted in positive are considered the dominant Volume Force for the given period. All "negative" columns represents the counterforce Vol.Press against the dominant.
Buy to Sell Convergence / Divergence: It's a simple adaptation of the popular "Price Percentage Oscillator" or MACD but taking Buying Pressure against Selling Pressure Averages, so given a Positive oscillator reading (>0) represents Bullish dominant Trend and a Negative reading (<0) a Bearish dominant Trend. Histogram is the diff between RAW Volume Pressures Convergence/Divergence minus Normalised ones (Signal) which helps as a confirmation.
Volume bars are by default plotted from RAW Volume Pressure algorithms, but they can be as well filtered with Karthik Marar's approach against a "Total Volume Average" in favor to clean day to day noise like HFT.
ALL NEW IDEAS OR MODIFICATIONS to these indicators are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter: @XeL_Arjona
Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView. -- 2015
In den Scripts nach "Divergence" suchen
Volume Weighted Price OscillatorThis indicator calculates the Percentage Price Oscillator (PPO), a momentum oscillator similar to the MACD. It displays the distance between two moving averages as a percentage, making it comparable across different assets. This implementation enhances the PPO with optional volume weighting and a built-in divergence engine.
Key Features:
Customizable MA & Volume Weighting: Both the fast and slow moving averages (and the signal line) can be customized using different MA types (e.g., EMA, SMA, WMA). An option (Volume weighted) applies volume weighting to all three MAs.
MACD-Style Display: Provides the three core components: the PPO line (momentum), a signal line (trigger), and a histogram (momentum acceleration). The histogram is color-coded to show increasing or decreasing momentum.
Full Divergence Suite (Class A, B, C): A built-in divergence engine automatically detects and plots all three major divergence classes between price and the PPO line:
Regular (A): Signals potential trend reversals.
Hidden (B): Signals potential trend continuations.
Exaggerated (C): Signals weakness at double tops/bottoms.
Divergence Filtering and Visualization:
Price Tolerance Filter: Divergence detection is enhanced with a percentage-based price tolerance (pivPrcTol) to filter out insignificant market noise.
Persistent Visualization: Divergence markers are plotted for the entire duration of the signal and are visually anchored to the PPO level of the confirming pivot.
Note on Confirmation (Lag): Divergence signals rely on a pivot confirmation method to ensure they do not repaint.
The Start of a- divergence is only detected after the confirming pivot is fully formed (a delay based on Pivot Right Bars).
The End of a divergence is detected either instantly (if the signal is invalidated by price action) or with a delay (when a new, non-divergent pivot is confirmed).
Multi-Timeframe (MTF) Capability:
MTF PPO Lines: The PPO, signal line, and histogram can be calculated on a higher timeframe, with standard options to handle gaps (Fill Gaps) and prevent repainting (Wait for...).
Limitation: The Divergence detection engine (pivDiv) is disabled if a timeframe other than the chart's timeframe is selected. Divergences are only calculated on the active chart timeframe.
Integrated Alerts: Includes 18 comprehensive alerts for:
The start and end of all 6 divergence types.
The PPO line crossing its signal line.
The PPO line crossing the zero line.
The histogram changing direction (reverting).
DISCLAIMER
For Informational/Educational Use Only: This indicator is provided for informational and educational purposes only. It does not constitute financial, investment, or trading advice, nor is it a recommendation to buy or sell any asset.
Use at Your Own Risk: All trading decisions you make based on the information or signals generated by this indicator are made solely at your own risk.
No Guarantee of Performance: Past performance is not an indicator of future results. The author makes no guarantee regarding the accuracy of the signals or future profitability.
No Liability: The author shall not be held liable for any financial losses or damages incurred directly or indirectly from the use of this indicator.
Signals Are Not Recommendations: The alerts and visual signals (e.g., crossovers) generated by this tool are not direct recommendations to buy or sell. They are technical observations for your own analysis and consideration.
Relative Distance to Moving AverageThis indicator calculates the Relative Distance to a Moving Average (RDMA), a momentum oscillator that measures how overextended a price is from its moving average baseline. It expresses this distance as a percentage, oscillating around a zero line. High positive values may indicate overbought conditions, while large negative values may suggest oversold conditions.
Key Features:
Customizable MA Baseline: The oscillator's baseline is a moving average. Users can select from a wide range of MA types (e.g., EMA, SMA, WMA) and apply volume weighting (Volume weighted) for enhanced responsiveness.
Normalization (Geometric Average): Includes an optional 'Normalize' mode. When enabled, the indicator uses a Geometric Moving Average (GMA) as its baseline and measures the percentage distance from this compound growth average, making it suitable for exponential markets.
Full Divergence Suite (Class A, B, C): The indicator's primary feature is its integrated divergence engine. It automatically detects and plots all three major divergence classes between price and the RDMA:
Regular (A): Signals potential trend exhaustion and reversals.
Hidden (B): Signals potential trend continuations during pullbacks.
Exaggerated (C): Signals weakness at double tops/bottoms.
Divergence Filtering and Visualization:
Price Tolerance Filter: Divergence detection is enhanced with a percentage-based price tolerance (pivPrcTol) to filter out insignificant market noise.
Persistent Visualization: Divergence markers are plotted for the entire duration of the signal and are visually anchored to the RDMA level of the confirming pivot.
Note on Confirmation (Lag): Divergence signals rely on a pivot confirmation method to ensure they do not repaint.
The Start of a- divergence is only detected after the confirming pivot is fully formed (a delay based on Pivot Right Bars).
The End of a divergence is detected either instantly (if the signal is invalidated by price action) or with a delay (when a new, non-divergent pivot is confirmed).
Multi-Timeframe (MTF) Capability:
MTF RDMA Line: The RDMA oscillator itself can be calculated on a higher timeframe, with standard options to handle gaps (Fill Gaps) and prevent repainting (Wait for...).
Limitation: The Divergence detection engine (pivDiv) is disabled if a timeframe other than the chart's timeframe is selected. Divergences are only calculated on the active chart timeframe.
Integrated Alerts: Includes 14 comprehensive alerts for:
The start and end of all 6 divergence types.
The RDMA oscillator crossing the zero line.
DISCLAIMER
For Informational/Educational Use Only: This indicator is provided for informational and educational purposes only. It does not constitute financial, investment, or trading advice, nor is it a recommendation to buy or sell any asset.
Use at Your Own Risk: All trading decisions you make based on the information or signals generated by this indicator are made solely at your own risk.
No Guarantee of Performance: Past performance is not an indicator of future results. The author makes no guarantee regarding the accuracy of the signals or future profitability.
No Liability: The author shall not be held liable for any financial losses or damages incurred directly or indirectly from the use of this indicator.
Signals Are Not Recommendations: The alerts and visual signals (e.g., crossovers) generated by this tool are not direct recommendations to buy or sell. They are technical observations for your own analysis and consideration.
MACD (classic) + Divergences (wicks & bodies, fast/slow)macd with divergences. Wicks + bodies. Two settings for right bar
Volume-Price Divergence Indicator V3Description:
This indicator helps you identify volume-price divergences and potential trend weakness across any specified timeframe.
Features:
Volume bars with moving average – green for bullish, red for bearish, with orange SMA to detect low-volume situations.
Custom OBV calculation with divergence detection – highlights when price makes new highs/lows but OBV does not.
VWAP deviation alerts – signals when price moves far from VWAP while volume remains low, indicating potential fake breakouts.
Fully configurable – select any reference timeframe, adjust volume MA, OBV period, and VWAP deviation threshold.
Visual markers – easily spot bullish/bearish divergences and volume-price mismatches directly on your chart.
Use case:
Spot early trend exhaustion points.
Identify fake breakouts or weak rallies/drops.
Combine with your existing trading strategy for more informed entries and exits.
Volume-Price Divergence Indicator V2Description:
This indicator helps you identify volume-price divergences and potential trend weakness across any specified timeframe.
Features:
Volume bars with moving average – green for bullish, red for bearish, with orange SMA to detect low-volume situations.
Custom OBV calculation with divergence detection – highlights when price makes new highs/lows but OBV does not.
VWAP deviation alerts – signals when price moves far from VWAP while volume remains low, indicating potential fake breakouts.
Fully configurable – select any reference timeframe, adjust volume MA, OBV period, and VWAP deviation threshold.
Visual markers – easily spot bullish/bearish divergences and volume-price mismatches directly on your chart.
Use case:
Spot early trend exhaustion points.
Identify fake breakouts or weak rallies/drops.
Combine with your existing trading strategy for more informed entries and exits.
Volume-Price Divergence Indicator (OBV + VWAP, Multi-Timeframe)Description:
This indicator helps you identify volume-price divergences and potential trend weakness across any specified timeframe.
Features:
Volume bars with moving average – green for bullish, red for bearish, with orange SMA to detect low-volume situations.
Custom OBV calculation with divergence detection – highlights when price makes new highs/lows but OBV does not.
VWAP deviation alerts – signals when price moves far from VWAP while volume remains low, indicating potential fake breakouts.
Fully configurable – select any reference timeframe, adjust volume MA, OBV period, and VWAP deviation threshold.
Visual markers – easily spot bullish/bearish divergences and volume-price mismatches directly on your chart.
Use case:
Spot early trend exhaustion points.
Identify fake breakouts or weak rallies/drops.
Combine with your existing trading strategy for more informed entries and exits.
Apex Edge - RSI Trend LinesThe Apex Edge - RSI Trend Lines indicator is a precision tool that automatically draws real-time trendlines on the RSI oscillator using confirmed pivot highs and lows. These dynamic trendlines track RSI structure in motion, helping you anticipate breakout zones, reversals, and hidden divergences.
Every time a new pivot forms, the indicator automatically re-draws the RSI trendline between the two most recent pivots — giving you an always-current view of momentum structure. You’ll instantly see when RSI begins compressing or expanding, long before price reacts.
Key Features: • Dynamic RSI trendlines drawn from the last 2 pivots
• Auto re-draws in real-time as new pivots form
• Optional "Full Extend" or "Pivot Only" modes
• Slope color-coded: green = support, red = resistance
• Built-in dotted RSI levels (30/70 default)
• Alert conditions for RSI trendline breakout signals
• Ideal for spotting divergence, compression, and early SMC confluence
This is not your average RSI — it’s a fully reactive momentum edge overlay designed to give you clarity, structure, and timing from within the oscillator itself. Perfect for traders using Smart Money Concepts, divergence setups, or algorithmic trend tracking.
⚔️ Built for precision. Built for edge. Built for Apex.
Opening Score with DivergenceOverview
The Opening Score Indicator is a versatile tool designed to help traders assess market sentiment, trend direction, and potential reversals. By combining Opening Range Breakout (ORB), VWAP, Trend, Volatility, and Divergence Detection, this indicator provides a composite score that adapts to different market conditions.
This version includes divergence detection between the Opening Score and price, which highlights potential trend reversals or continuations before they happen. When a regular divergence occurs, the histogram bar turns orange, signaling an increased probability of a trend change.
Best for Both Intraday & Longer-Term Charts
📊 Optimized for intraday trading → Works well on 1m to 30m timeframes for short-term strategies.
📈 Also effective on longer-term charts → Can be used on 1-hour, 4-hour, daily, or weekly charts to identify macro trends and momentum shifts.
🕰️ Adapts to different market conditions → Whether you’re a day trader, swing trader, or position trader, the Opening Score helps you track trend health and reversals.
How It Works
📊 Composite Opening Score Calculation
• ORB Signal → Detects bullish/bearish breakouts based on the opening range.
• VWAP Signal → Measures price positioning relative to VWAP for trend confirmation.
• Trend Signal → Uses a moving average to determine market direction.
• Volatility Signal → Tracks ATR changes to assess market strength.
• Divergence Detection → Identifies regular and hidden divergences for potential reversals or trend continuation.
🔹 Reversal Alerts with Color-Coded Histogram
• Green Bars → Normal bullish Opening Score.
• Red Bars → Normal bearish Opening Score.
• Orange Bars → Warning! Regular Divergence detected → Possible trend reversal.
🔹 Hidden & Regular Divergence Detection
• Regular Divergence (Reversal Signals)
• 📉 Bearish Regular Divergence → Price makes a Higher High, but Opening Score makes a Lower High → 🔻 Possible Downtrend Reversal.
• 📈 Bullish Regular Divergence → Price makes a Lower Low, but Opening Score makes a Higher Low → 🔼 Possible Uptrend Reversal.
• Hidden Divergence (Trend Continuation Signals)
• 📉 Bearish Hidden Divergence → Price makes a Lower High, but Opening Score makes a Higher High → 🔻 Trend Likely to Continue Down.
• 📈 Bullish Hidden Divergence → Price makes a Higher Low, but Opening Score makes a Lower Low → 🔼 Trend Likely to Continue Up.
How to Use It
✅ Watch for Reversal Alerts (Orange Bars) → These highlight potential market turning points.
✅ Use the Zero Line as a Trend Filter → A score above 0 suggests bullish conditions, while below 0 signals bearish conditions.
✅ Combine with Market Structure & Volume Profile → Works well when paired with support/resistance levels, liquidity zones, and order flow data.
✅ Adjust settings based on timeframe → Increase moving average length & lookback periods for longer-term analysis.
Why Use This Indicator?
🚀 Works for both short-term and long-term traders → Adapts to intraday and higher timeframes.
📊 Multi-Factor Analysis → Combines multiple key market indicators for better accuracy.
🎯 Customizable Weighting → Adjust the influence of each signal to suit your trading style.
✅ No Clutter – Only the Opening Score is plotted → Keeps your chart clean & efficient.
🔔 Recommended for Intraday Trading (1m – 30m) AND Longer-Term Analysis (1H – Weekly) → Use this indicator to enhance your trend detection & reversal strategy! 🚀
MegaGas Bollinger Bands with Divergence and Circle SignalsIndicator: MegaGas Bollinger Bands with Divergence and Circle Signals
This script provides a powerful combination of Bollinger Bands, RSI Divergence detection, and signal visualization tools. Designed with flexibility and precision in mind, it aims to assist traders in identifying trend reversals, volatility zones, and divergence-based trading opportunities. The script is well-suited for swing trading, momentum trading, and even scalping when adapted to lower timeframes.
How It Works:
Bollinger Bands:
Bollinger Bands are used to detect price volatility and overbought/oversold conditions. The script calculates:
Basis Line: A 34-period Simple Moving Average (SMA) as the core trend line.
Upper Bands: Bands positioned 1x and 2x the standard deviation above the SMA.
Lower Bands: Bands positioned 1x and 2x the standard deviation below the SMA. These levels provide dynamic support and resistance zones, highlighting breakout and reversion opportunities.
RSI Divergence Detection:
The indicator detects bullish divergence (when RSI forms a higher low while price forms a lower low) and bearish divergence (when RSI forms a lower high while price forms a higher high). These divergences often precede significant reversals or momentum shifts.
Bullish divergence is displayed with blue triangles (up).
Bearish divergence is displayed with orange triangles (down).
Buy and Sell Signals:
Circle Signals are generated when price crosses key Bollinger Bands levels:
A green circle appears when the price crosses above the lower band (potential buy signal).
A red circle appears when the price crosses below the upper band (potential sell signal).
These signals help identify potential entry and exit points for trades, particularly in trend-following or mean-reversion strategies.
Trend Reference (Moving Average):
A 50-period Simple Moving Average (SMA) is included as a trend reference, helping traders gauge the overall market direction. Use this to confirm divergence signals and avoid trades against the prevailing trend.
Why This Indicator Is Unique:
This script integrates multiple tools in a meaningful way, emphasizing contextual trading signals. Unlike standalone Bollinger Bands or RSI indicators, it introduces:
Advanced Divergence Analysis: Enhancing traditional RSI with divergence-based alerts.
Dynamic Signal Filtering: Preventing repetitive signals by introducing state-based logic for circles and divergence signals.
Trend Alignment: Combining Bollinger Bands with an SMA to filter trades based on the prevailing trend.
How to Use:
Setup:
Apply the indicator to any chart and timeframe. For swing trading, higher timeframes like 4H or 1D are recommended.
Adjust the RSI, Bollinger Bands, and Moving Average lengths to match your strategy and asset.
Signals:
Look for divergence signals (triangles) as early warnings of trend reversals. Confirm these with price action or other tools.
Use circle signals (green/red) to time potential entries/exits around Bollinger Band extremes.
Confirmation:
Combine divergence and circle signals with the SMA line to avoid counter-trend trades. For example, take bullish signals when the price is above the SMA and bearish signals when it is below.
Chart Clarity:
The script is published with a clean chart for clarity. It visualizes all signals with distinct shapes (triangles and circles) and colors, ensuring they are easily recognizable. Bollinger Bands and the SMA are plotted with transparency to avoid clutter.
Originality:
This script is a thoughtful blend of Bollinger Bands and RSI divergence detection, carefully designed to provide traders with actionable insights. It introduces state-based logic to manage repetitive signals and seamlessly integrates trend filtering, making it a valuable tool for both novice and experienced traders.
Crypto Divergence from BTCThis script is used to indicate when price action of a crypto coin is diverging significantly from that of BTC.
Explanation of the Script:
Inputs:
roc_length: The period used for calculating the Rate of Change.
ma_length: The period used for the moving average of the ROC.
threshold: The percentage difference that indicates a divergence.
Price Data:
The script retrieves the current asset's price and Bitcoin's price.
ROC Calculation:
The ROC for both the current asset and BTC is calculated based on the defined roc_length.
Moving Averages:
Simple moving averages (SMA) of the ROC values are calculated to smooth out the data.
Divergence Detection:
The indicator checks if the current asset's ROC MA is significantly higher or lower than Bitcoin's ROC MA based on the specified threshold.
Plotting:
The script plots the ROC values and their moving averages.
It also highlights the background in green when a bullish divergence is detected (when the asset is moving up while BTC is lagging) and in red for a bearish divergence.
BTC x M2 Divergence (Weekly)### Why the "M2 Money Supply vs BTC Divergence with Normalized RSI" Indicator Should Work
IMPORTANT
- Weekly only indicator
- Combine it with BTC Halving Cycle Profit for better results
The "M2 Money Supply vs BTC Divergence with Normalized RSI" indicator leverages the relationship between macroeconomic factors (M2 money supply) and Bitcoin price movements, combined with technical analysis tools like RSI, to provide actionable trading signals. Here's a detailed rationale on why this indicator should be effective:
1. **Macroeconomic Influence**:
- **M2 Money Supply**: Represents the total money supply, including cash, checking deposits, and easily convertible near money. Changes in M2 reflect liquidity in the economy, which can influence asset prices, including Bitcoin.
- **Bitcoin Sensitivity to Liquidity**: Bitcoin, being a digital asset, often reacts to changes in liquidity conditions. An increase in money supply can lead to higher asset prices as more money chases fewer assets, while a decrease can signal tightening conditions and lower prices.
2. **Divergence Analysis**:
- **Economic Divergence**: The indicator calculates the divergence between the percentage changes in M2 and Bitcoin prices. This divergence can highlight discrepancies between Bitcoin's price movements and broader economic conditions.
- **Market Inefficiencies**: Large divergences may indicate inefficiencies or imbalances that could lead to price corrections or trends. For example, if M2 is increasing (indicating more liquidity) but Bitcoin is not rising proportionately, it might suggest a potential upward correction in Bitcoin's price.
3. **Normalization and Smoothing**:
- **Normalized Divergence**: Normalizing the divergence to a consistent scale (-100 to 100) allows for easier comparison and interpretation over time, making the signals more robust.
- **Smoothing with EMA**: Applying Exponential Moving Averages (EMAs) to the normalized divergence helps to reduce noise and identify the underlying trend more clearly. This double-smoothed divergence provides a clearer signal by filtering out short-term volatility.
4. **RSI Integration**:
- **RSI as a Momentum Indicator**: RSI measures the speed and change of price movements, indicating overbought or oversold conditions. Normalizing the RSI and incorporating it into the divergence analysis helps to confirm the strength of the signals.
- **Combining Divergence with RSI**: By using RSI in conjunction with divergence, the indicator gains an additional layer of confirmation. For instance, a bullish divergence combined with an oversold RSI can be a strong buy signal.
5. **Dynamic Zones and Sensitivity**:
- **Good DCA Zones**: Highlighting zones where the divergence is significantly positive (good DCA zones) indicates periods where Bitcoin might be undervalued relative to economic conditions, suggesting good buying opportunities.
- **Red Zones**: Marking zones with extremely negative divergence, combined with RSI confirmation, identifies potential market tops or bearish conditions. This helps traders avoid buying into overbought markets or consider selling.
- **Peak Detection**: The sensitivity setting for detecting upside down peaks allows for early identification of potential market bottoms, providing timely entry points for traders.
6. **Visual Cues and Alerts**:
- **Clear Visualization**: The plots and background colors provide immediate visual feedback, making it easier for traders to spot significant conditions without deep analysis.
- **Alerts**: Built-in alerts for key conditions (good DCA zones, red zones, sell signals) ensure traders can act promptly based on the indicator's signals, enhancing the practicality of the tool.
### Conclusion
The "M2 Money Supply vs BTC Divergence with Normalized RSI" indicator integrates macroeconomic data with technical analysis to offer a comprehensive view of Bitcoin's market conditions. By analyzing the divergence between M2 money supply and Bitcoin prices, normalizing and smoothing the data, and incorporating RSI for momentum confirmation, the indicator provides robust signals for identifying potential buying and selling opportunities. This holistic approach increases the likelihood of capturing significant market movements and making informed trading decisions.
RSI MTF [Market Yogi]The Multi-Time Frame RSI with Money Flow Index and Average is a powerful trading indicator designed to help traders identify overbought and oversold conditions across multiple time frames. It combines the Relative Strength Index (RSI) with the Money Flow Index (MFI) and provides an average value for better accuracy.
The Relative Strength Index (RSI) is a popular momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is used to identify overbought and oversold conditions in an asset. By incorporating the RSI across multiple time frames, this indicator offers a broader perspective on market sentiment.
In addition to the RSI, this indicator also includes the Money Flow Index (MFI). The MFI is a volume-based oscillator that measures the inflow and outflow of money into an asset. It takes into account both price and volume, providing insights into the strength and direction of buying and selling pressure.
By combining the RSI and MFI across multiple time frames, traders gain a comprehensive understanding of market dynamics. The indicator allows for comparing the RSI and MFI values across different time frames, enabling traders to identify divergences and potential trend reversals.
Furthermore, this indicator provides an average value of the multi-time frame RSI, offering a consolidated signal that helps filter out noise and enhance the accuracy of trading decisions.
Key Features:
1. Multi-Time Frame RSI: Combines the RSI across different time frames to provide a comprehensive view of market sentiment.
2. Money Flow Index (MFI): Incorporates the MFI to gauge buying and selling pressure based on both price and volume.
3. Average Calculation: Computes the average value of the multi-time frame RSI to generate a consolidated trading signal.
4. Divergence Detection: Enables traders to spot divergences between the RSI and MFI values, indicating potential trend reversals.
5. Overbought and Oversold Levels: Highlights overbought and oversold levels on the RSI, aiding in timing entry and exit points.
The Multi-Time Frame RSI with Money Flow Index and Average is a versatile tool that can be applied to various trading strategies, including trend following, swing trading, and mean reversion. Traders can adjust the time frame settings to suit their preferences and trading style.
Note: It's important to use this indicator in conjunction with other technical analysis tools and indicators to validate signals and make informed trading decisions.
Wavetrend in Dynamic Zones with Kumo Implied VolatilityI was asked to do one of those, so here we go...
As always free and open source as it should be. Do not pay for such indicators!
A WaveTrend Indicator or also widely known as "Market Cipher" is an Indicator that is based on Moving Averages, therefore its an "lagging indicator". Lagging indicators are best used in combination with leading indicators. In this script the "leading indicator" component are Daily, Weekly or Monthly Pivots . These Pivots can be used as dynamic Support and Resistance , Stoploss, Take Profit etc.
This indicator combination is best used in larger timeframes. For lower timeframes you might need to change settings to your liking.
The general Wavetrend settings are the same that are used in Market Cipher, Market Liberator and such popular indicators.
What are these circles?
-These are the WaveTrend Divergences. Red for Regular-Bearish. Orange for Hidden-Bearish. Green for Regular-Bullish. Aqua for Hidden-Bullish.
What are these white, orange and aqua triangles?
-These are the WaveTrend Pivots. A Pivot counter was added. Every time a pivot is lower than the previous one, an orange triangle is printed, every time a pivot is higher than the previous one an aqua triangle is printed. That mimics a very common way Wavetrend is being used for trading when using those other paid Wavetrend indicators.
What are these Orange and Aqua Zones?
-These are Dynamic Zones based on the indicator itself, they offer more information than static zones. Of course static lines are also included and can be adjusted.
What are the lines between the waves?
-This is a Kumo Cloud Implied Volatility indicator. It is color coded and can be used to indicate if a major market move/bottom/top happened.
What are those numbers on the right?
-The first number is a Bollinger Band indicator that shows if said Bollinger Band is in a state of Oversold/Overbought, the second number is the actual Bollinger Band Width that indicates if the Bollinger Band squeezes, normally that happens right before the market makes an explosive move.
Please keep in mind that this indicator is a tool and not a strategy, do not blindly trade signals, do your own research first! Use this indicator in conjunction with other indicators to get multiple confirmations.
PivotsLibrary "Pivots"
This Library focuses in functions related to pivot highs and lows and some of their applications (i.e. divergences, zigzag, harmonics, support and resistance...)
pivots(srcH, srcL, length) Delivers series of pivot highs, lows and zigzag.
Parameters:
srcH : Source series to look for pivot highs. Stricter applications might source from 'close' prices. Oscillators are also another possible source to look for pivot highs and lows. By default 'high'
srcL : Source series to look for pivot lows. By default 'low'
length : This value represents the minimum number of candles between pivots. The lower the number, the more detailed the pivot profile. The higher the number, the more relevant the pivots. By default 10
Returns:
zigzagArray(pivotHigh, pivotLow) Delivers a Zigzag series based on alternating pivots. Ocasionally this line could paint a few consecutive lows or highs without alternating. That happens because it's finding a few consecutive Higher Highs or Lower Lows. If to use lines entities instead of series, that could be easily avoided. But in this one, I'm more interested outputting series rather than painting/deleting line entities.
Parameters:
pivotHigh : Pivot high series
pivotLow : Pivot low series
Returns:
zigzagLine(srcH, srcL, colorLine, widthLine) Delivers a Zigzag based on line entities.
Parameters:
srcH : Source series to look for pivot highs. Stricter applications might source from 'close' prices. Oscillators are also another possible source to look for pivot highs and lows. By default 'high'
srcL : Source series to look for pivot lows. By default 'low'
colorLine : Color of the Zigzag Line. By default Fuchsia
widthLine : Width of the Zigzag Line. By default 4
Returns: Zigzag printed on screen
divergence(h2, l2, h1, l1, length) Calculates divergences between 2 series
Parameters:
h2 : Series in which to locate divs: Highs
l2 : Series in which to locate divs: Lows
h1 : Series in which to locate pivots: Highs. By default high
l1 : Series in which to locate pivots: Lows. By default low
length : Length used to calculate Pivots: By default 10
Returns:
RSI Divergency and Golden RatioHow to calculate:
Positive mismatch finds the lowest trough within the distance you choose. It then compares it to the current closing value.
If the past low is above the current closing level, it means that the bottoms of the price are descending.
The RSI level at the furthest bottom of the price is detected. And the current RSI level is detected. If the current RSI level is higher than the previous RSI level, there is a positive divergence.
When a positive divergence occurs, a green pole forms above the RSI indicator on the chart.
Negative finds the highest peak level within the distance you choose. It then compares it to the current closing value.
If the past high is below the current close, it means that the highs of the price are rising.
The RSI level at the furthest high of the price is detected. And the current RSI level is detected. If the current RSI level is lower than the previous RSI level, there is negative divergence.
When a negative divergence occurs, a red pole forms above the RSI indicator on the chart.
As can be seen in the image, the points marked with red are the regions where incompatibility occurs. At the same time, the signals that occur when the RSI cuts its own moving average and the signals that occur when the RSI cuts its own golden ratio are also very strong signals.
Waiting for your ideas and comments. I am open to criticism. We can improve.
Stochastic RSI + RSI + MFI + RVI + Divergence IndicatorThis script is a simple edit of my previous script "Stoch.RSI+RSI+MFI+CM_Williams_Vix_Fix_V3"
It plots up to 4 oscillators (Stochastic RSI, RSI, MFI, RVI) and divergences between RSI and price. By default only Stochastic RSI, RSI and Regular divergences are enabled. But you can also enable the remaining oscillators and hidden divergences from the script settings.
So basically there are few, but significant, differences between this script and the original one.
Changelog:
- Removed the CM_Williams_Vix_fix code.
- Added RVI plot.
- Added divergences detection.
@Bezzus
[e2] Reflex & TrendflexNew Indicator from John F. Ehlers issued in the February 2020 Technical Analysis of Stocks and Commodities article "Reflex: A New Zero-Lag Indicator"
This indicator includes both studies described in the article and intend to significantly reduce the lag of the signal compared to other oscillators.
Reflex for the cycle component and is more sensitive to major reversals, Trendflex for the trend component.
Pivot Max range as the borders for top and bottom reading of the indicators (the script will plot separate borders for both components) and divergences were added.
Divergence function is the interpretation of built-in divergence script, optimized the code and added option to show real-time divs (without offset), all credits to ...)
daily*tip: I must say that very quickly I began to realize how fragmented and imperfectly modern economic knowledge is and how little can be taken from fundamental science in terms of practical recipes. (c) Andrey Movchan.
stay safe ;)
Cumulative Volume Profile DeltaThis indicator calculates the Cumulative Volume Profile Delta (CVPD). It constructs a high-resolution volume profile for each bar using intra-bar data, then derives and accumulates the delta from that profile to show net buying/selling pressure.
Key Features:
Statistical Volume Profile Engine: For each bar, the indicator builds a high-resolution volume profile on a lower 'Intra-Bar Timeframe'. Instead of simple tick counting, it uses statistical models ('PDF' allocation) to distribute volume across price levels and advanced classifiers ('Dynamic' split) to determine the buy/sell pressure before accumulation.
Periodic Accumulation: The CVPD accumulation is anchored to a user-defined 'Anchor Timeframe' (e.g., daily, weekly). This cyclical reset allows to analyze the build-up of pressure within specific trading periods.
"Delta Candle" Visualization: The periodic CVPD is shown as a candle, where:
Open: The CVPD value at the start of the period (or zero).
High/Low: Represent the peak buying (CVD High) and selling (CVD Low) pressure within that period's profile.
Close: The final net delta value (CVD) for the period.
Dual CVD & Divergence Engine: The indicator calculates two CVPDs: a Periodic one (for plotting) and a Continuous one (non-resetting). The continuous line is used as a stable source for the built-in divergence engine (detecting Regular, Hidden, and Exaggerated).
Dynamic Divergence Plotting: Divergence markers are plotted relative to the periodic (candle) CVPD. They automatically adjust their vertical position after a reset to remain visually aligned with the plotted candles.
Note on Confirmation (Lag): Divergence signals rely on a pivot confirmation method to ensure they do not repaint.
The Start of a- divergence is only detected after the confirming pivot is fully formed (a delay based on Pivot Right Bars).
The End of a divergence is detected either instantly (if the signal is invalidated by price action) or with a delay (when a new, non-divergent pivot is confirmed).
Multi-Timeframe (MTF) Capability:
MTF Output: The entire analysis (Delta Candles, Divergences) can be calculated on a higher timeframe (using the Timeframe input), with standard options to handle gaps (Fill Gaps) and prevent repainting (Wait for...).
Limitation: The Divergence detection engine (pivDiv) is disabled if a Higher Timeframe (HTF) is selected.
Integrated Alerts: Includes 18 comprehensive alerts for:
The start and end of all 6 divergence types.
The periodic CVPD crossing the zero line.
Conditions of agreement or disagreement between the delta and the main bar's direction.
Caution: Real-Time Data Behavior (Intra-Bar Repainting) This indicator uses high-resolution intra-bar data. As a result, the values on the current, unclosed bar (the real-time bar) will update dynamically as new intra-bar data arrives. This behavior is normal and necessary for this type of analysis. Signals should only be considered final after the main chart bar has closed.
DISCLAIMER
For Informational/Educational Use Only: This indicator is provided for informational and educational purposes only. It does not constitute financial, investment, or trading advice, nor is it a recommendation to buy or sell any asset.
Use at Your Own Risk: All trading decisions you make based on the information or signals generated by this indicator are made solely at your own risk.
No Guarantee of Performance: Past performance is not an indicator of future results. The author makes no guarantee regarding the accuracy of the signals or future profitability.
No Liability: The author shall not be held liable for any financial losses or damages incurred directly or indirectly from the use of this indicator.
Signals Are Not Recommendations: The alerts and visual signals (e.Example: crossovers) generated by this tool are not direct recommendations to buy or sell. They are technical observations for your own analysis and consideration.
Cumulative Volume DeltaThis Cumulative Volume Delta (CVD) indicator analyzes intra-bar volume dynamics. It introduces a periodic reset mechanism, anchoring the accumulation to a user-defined timeframe (e.g., daily, weekly) for cyclical analysis.
Key Features:
Dual CVD Calculation: The indicator computes two CVD values simultaneously:
Periodic CVD: Resets on the user-defined 'Anchor Timeframe'. This is plotted as "Delta Candles".
Continuous CVD: Accumulates volume continuously (non-resetting) and is used as the source for divergence detection.
Intra-Bar Delta Analysis: Uses a lower timeframe ('Intra-Bar Timeframe') to calculate buy/sell pressure based on the direction of the intra-bar candles.
"Delta Candle" Visualization: The periodic CVD is shown as a candle, where:
Open: The CVD value at the start of the period (or zero).
High/Low: Represent the peak buying (CVD High) and selling (CVD Low) pressure within that period.
Close: The final net delta value for that period.
Full Divergence Suite (Class A, B, C): A built-in engine automatically detects and plots Regular (A), Hidden (B), and Exaggerated (C) divergences between price and the continuous CVD line.
Dynamic Divergence Plotting: Divergence markers are plotted relative to the periodic (candle) CVD. They automatically adjust their vertical position after a reset to remain visually aligned with the plotted candles.
Note on Confirmation (Lag): Divergence signals rely on a pivot confirmation method to ensure they do not repaint.
The Start of a- divergence is only detected after the confirming pivot is fully formed (a delay based on Pivot Right Bars).
The End of a divergence is detected either instantly (if the signal is invalidated by price action) or with a delay (when a new, non-divergent pivot is confirmed).
Multi-Timeframe (MTF) Capability:
MTF Output: The entire dual-CVD analysis can be run on a higher timeframe (using the Timeframe input), with standard options to handle gaps (Fill Gaps) and prevent repainting (Wait for...).
Limitation: The Divergence detection engine (pivDiv) is disabled if a Higher Timeframe (HTF) is selected.
Integrated Alerts: Includes 18 comprehensive alerts for:
The start and end of all 6 divergence types.
The periodic CVD crossing the zero line.
Conditions of agreement or disagreement between the delta and the main bar's direction.
Caution: Real-Time Data Behavior (Intra-Bar Repainting) This indicator uses high-resolution intra-bar data. As a result, the values on the current, unclosed bar (the real-time bar) will update dynamically as new intra-bar data arrives. This behavior is normal and necessary for this type of analysis. Signals should only be considered final after the main chart bar has closed.
DISCLAIMER
For Informational/Educational Use Only: This indicator is provided for informational and educational purposes only. It does not constitute financial, investment, or trading advice, nor is it a recommendation to buy or sell any asset.
Use at Your Own Risk: All trading decisions you make based on the information or signals generated by this indicator are made solely at your own risk.
No Guarantee of Performance: Past performance is not an indicator of future results. The author makes no guarantee regarding the accuracy of the signals or future profitability.
No Liability: The author shall not be held liable for any financial losses or damages incurred directly or indirectly from the use of this indicator.
Signals Are Not Recommendations: The alerts and visual signals (e.g., crossovers) generated by this tool are not direct recommendations to buy or sell. They are technical observations for your own analysis and consideration.
Range Oscillator (Zeiierman)█ Overview
Range Oscillator (Zeiierman) is a dynamic market oscillator designed to visualize how far the price is trading relative to its equilibrium range. Instead of relying on traditional overbought/oversold thresholds, it uses adaptive range detection and heatmap coloring to reveal where price is trading within a volatility-adjusted band.
The oscillator maps market movement as a heat zone, highlighting when the price approaches the upper or lower range boundaries and signaling potential breakout or mean-reversion conditions.
Highlights
Adaptive range detection based on ATR and weighted price movement.
Heatmap-driven coloring that visualizes volatility pressure and directional bias.
Clear transition zones for detecting trend shifts and equilibrium points.
█ How It Works
⚪ Range Detection
The indicator identifies a dynamic price range using two main parameters:
Minimum Range Length: The number of bars required to confirm that a valid range exists.
Range Width Multiplier: Expands or contracts the detected range proportionally to the ATR (Average True Range).
This approach ensures that the oscillator automatically adapts to both trending and ranging markets without manual recalibration.
⚪ Weighted Mean Calculation
Instead of a simple moving average, the script calculates a weighted equilibrium mean based on the size of consecutive candle movements:
Larger price changes are given greater weight, emphasizing recent volatility.
⚪ Oscillator Formula
Once the range and equilibrium mean are defined, the oscillator computes:
Osc = 100 * (Close - Mean) / RangeATR
This normalizes price distance relative to the dynamic range size — producing consistent readings across volatile and quiet periods.
█ Heatmap Logic
The Range Oscillator includes a built-in heatmap engine that color-codes each oscillator value based on recent price interaction intensity:
Strong Bullish Zones: Bright green — price faces little resistance upward.
Weak Bullish Zones: Muted green — uptrend continuation but with minor hesitation.
Transition Zones: Blue — areas of uncertainty or trend shift.
Weak Bearish Zones: Maroon — downtrend pressure but soft momentum.
Strong Bearish Zones: Bright red — strong downside continuation with low resistance.
Each color band adapts dynamically using:
Number of Heat Levels: Controls granularity of the heatmap.
Minimum Touches per Level: Defines how reactive or “sensitive” each color zone is.
█ How to Use
⚪ Trend & Momentum Confirmation
When the oscillator stays above +0 with green coloring, it suggests sustained bullish pressure.
Similarly, readings below –0 with red coloring, it suggests sustained bearish pressure.
⚪ Range Breakouts
When the oscillator line breaks above +100 or below –100, the price is exceeding its normal volatility range, often signaling breakout potential or exhaustion extremes.
⚪ Mean Reversion Trades
Look for the oscillator to cross back toward zero after reaching an extreme. These transitions (often marked by blue tones) can identify early reversals or range resets.
⚪ Divergence
Use oscillator peaks and troughs relative to price action to spot hidden strength or weakness before the next move.
█ Settings
Minimum Range Length: Number of bars needed to confirm a valid range.
Range Width Multiplier: Expands or contracts range width based on ATR.
Number of Heat Levels: Number of gradient bands used in the oscillator.
Minimum Touches per Level: Sensitivity threshold for when a zone becomes “hot.”
-----------------
Disclaimer
The content provided in my scripts, indicators, ideas, algorithms, and systems is for educational and informational purposes only. It does not constitute financial advice, investment recommendations, or a solicitation to buy or sell any financial instruments. 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.
MA Divergence中文介绍：
均线背离指标是一款用于分析价格与均线（如EMA或SMA）之间的背离情况的技术分析工具。该指标结合了标准差、波动性分析和背离信号的检测，旨在帮助交易者识别市场中的潜在反转信号。
主要功能：
背离检测： 该指标根据价格与指定均线（EMA或SMA）之间的乖离（百分比差异），绘制背离柱状图，便于快速识别背离信号。
标准差与阈值： 根据过去一段时间内的历史数据，自动计算标准差并设置动态阈值，用以判断价格背离的异常程度。当背离信号超出设定的阈值时，柱状图将标记为蓝色，突出显示潜在的反转信号。
警报功能： 为用户提供警报设置，当背离信号突破上阈值或下阈值时，能够及时提醒交易者，帮助做出决策。
适用对象：
短期交易者： 用于快速捕捉反转信号，帮助制定更具针对性的交易策略。
中长期交易者： 通过背离与均线的结合，帮助识别趋势的潜在转折点。
技术分析爱好者： 提供了一种新的背离分析视角，帮助用户理解市场行为。
英文介绍：
The Moving Average Divergence (MA Divergence) Indicator is a technical analysis tool designed to analyze the divergence between price and a moving average (such as EMA or SMA). The indicator combines standard deviation, volatility analysis, and divergence signal detection to help traders identify potential reversal signals in the market.
Key Features:
Divergence Detection: The indicator plots divergence histograms based on the percentage difference between price and the selected moving average (EMA or SMA), making it easy to spot divergence signals at a glance.
Standard Deviation & Thresholds: The indicator automatically calculates the standard deviation based on historical data over a specified period and sets dynamic thresholds to assess the abnormality of price divergence. When the divergence signal exceeds the set thresholds, the histogram is highlighted in blue, emphasizing potential reversal signals.
Alert Functionality: The indicator includes alert conditions, allowing users to receive notifications when the divergence breaks above or below a defined threshold, helping traders take timely actions.
Target Audience:
Short-term traders: Designed for quick identification of reversal signals to formulate more targeted trading strategies.
Mid-to-long-term traders: Helps to identify potential trend reversal points by combining divergence with moving averages.
Technical analysis enthusiasts: Provides a new perspective on divergence analysis, helping users better understand market behavior.
总结：
无论是短期的交易决策，还是长期的市场趋势判断，“均线背离”指标都能为交易者提供强大的支持。通过标准差、波动性分析、警报提醒等功能，帮助用户实时捕捉市场中的背离信号，并快速做出反应。
Capiba Custom RSI with Divergences v2
🇬🇧 English
Summary
This indicator is an enhanced and customizable version of the classic RSI, designed to provide clearer and more powerful trading signals. It combines an alternative, more price-sensitive RSI calculation with an automatic divergence detection, which is one of the most effective tools for predicting trend reversals and finding high-probability entry and exit points.
Built upon the compilation of knowledge and open-source codes from the community, this script has been refined to be an all-in-one tool for traders who base their strategies on momentum and trend exhaustion.
Key Features and How to Use
Ultimate RSI and Signal Line (Momentum)
What it is: The main indicator (white line) is an RSI variation that reacts more dynamically to changes in price volatility. It is accompanied by a signal line (orange, by default), which is a moving average of the RSI itself, serving to smooth the indicator and generate crossover signals.
How to use for Entries/Exits:
Buy Signal (Short-Term): Crossover of the RSI line (white) above the signal line (orange).
Sell Signal (Short-Term): Crossover of the RSI line (white) below the signal line (orange). These are momentum signals, ideal for confirming a trend or for scalping.
Automatic Divergence Detection (Reversal Signals) This is the most powerful feature of the indicator. A divergence occurs when the price moves in one direction and the momentum indicator moves in the opposite direction, signaling a likely exhaustion of the current trend.
Bullish Divergence (Green Line):
What it is: The price makes a lower low, but the RSI makes a higher low.
Meaning: Selling pressure is decreasing. It is a strong signal of a potential market bottom and an excellent entry opportunity for a long position.
Bearish Divergence (Red Line):
What it is: The price makes a higher high, but the RSI makes a lower high.
Meaning: Buying pressure is losing strength. It is a strong signal of a potential market top and an excellent exit opportunity for a long position or an entry for a short position.
Customizable Overbought & Oversold Levels
The horizontal lines (default 80 and 20) and the colored areas show when the asset is overextended to the upside (overbought) or downside (oversold), helping to contextualize the divergence and crossover signals.
Recommended Strategy
For maximum effectiveness, combine the signals:
High-Probability Entry (Buy): Look for a Bullish Divergence (green line) forming in the oversold zone. Confirm the entry when the RSI line crosses above its signal line.
High-Probability Exit (Sell): Look for a Bearish Divergence (red line) forming in the overbought zone. Confirm the exit or new short entry when the RSI line crosses below its signal line.
Acknowledgements
This indicator was developed by compiling and customizing excellent open-source ideas and codes shared by the TradingView community. Special thanks to everyone who contributes to the advancement of technical analysis.
