Auf geht's

In den Scripts nach "bear" suchen

Relative Strength Index (OSC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it (1) Indicator introduction This is RSI indicator with original divergence algorithm This indicator is plotted on the RSI and can display the divergence locations and corresponding divergence intensity The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number" Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline (2) Parameter introduction - RSI Settings Source: The source to calculate RSI, close by default RSI Length: The length of RSI, 14 by default - RSI Divergence Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence Plot Bullish: Whether to draw regular bullish divergence label Plot Hidden Bullish: Whether to draw hidden bullish divergence label Plot Bearish: Whether to draw regular bearish divergence label Plot Hidden Bearish: Whether to draw hidden bearish divergence label Happy trading and enjoy your life! ———————————————————————————————————————— 各位朋友大家好，很抱歉之前的开源版本因为规则原因被隐藏，我已经重新编辑了说明并重新发布 (1) 指标说明 该指标绘制于 RSI 上，并在对应位置显示背离点以及背离程度 支持顶底位置 N 根K线的容差，由 Tolerant Kline Number 参数设置 支持背离强度的显示，即标签上显示的 REG/HID 值，该值小于 0，且越小说明背离程度越大 支持背离强度的过滤，由 Cov Threshold 参数设置， REG/HID 值大于这个值的背离会被忽略 标签中，REG 表示常规顶/低背离，而 HID 表示隐藏顶/底背离 标签中，SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离 标签中，OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离 (2) 参数说明 - RSI Settings Source: 计算 RSI 指标的 source，默认为 close RSI Length: 计算 RSI 指标的长度，默认为 14 - RSI Divergence Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量 Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量 Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量 Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量 Tolerant Kline Number: K线和指标的顶/底点索引的最大误差 Cov Threshold: 背离程度，该值小于 0，且越小说明背离程度越大 Plot Bullish: 是否绘制常规底背离提示 Plot Hidden Bullish: 是否绘制隐藏底背离提示 Plot Bearish: 是否绘制常规顶背离提示 Plot Hidden Bearish: 是否绘制隐藏顶背离提示 祝大家交易愉快
Pine Script® Indikator
von dandrideng
1
Relative Strength Index (SRC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it (1) Indicator introduction This is RSI indicator with original divergence algorithm This indicator is plotted on the klines and can display the divergence locations and corresponding divergence intensity The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number" Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline (2) Parameter introduction - RSI Settings Source: The source to calculate RSI, close by default RSI Length: The length of RSI, 14 by default - RSI Divergence Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence Plot Bullish: Whether to draw regular bullish divergence label Plot Hidden Bullish: Whether to draw hidden bullish divergence label Plot Bearish: Whether to draw regular bearish divergence label Plot Hidden Bearish: Whether to draw hidden bearish divergence label Happy trading and enjoy your life! ———————————————————————————————————————— 各位朋友大家好，很抱歉之前的开源版本因为规则原因被隐藏，我已经重新编辑了说明并重新发布 (1) 指标说明 该指标绘制于 K线 上，并在对应位置显示背离点以及背离程度 支持顶底位置 N 根K线的容差，由 Tolerant Kline Number 参数设置 支持背离强度的显示，即标签上显示的 REG/HID 值，该值小于 0，且越小说明背离程度越大 支持背离强度的过滤，由 Cov Threshold 参数设置， REG/HID 值大于这个值的背离会被忽略 标签中，REG 表示常规顶/低背离，而 HID 表示隐藏顶/底背离 标签中，SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离 标签中，OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离 (2) 参数说明 - RSI Settings Source: 计算 RSI 指标的 source，默认为 close RSI Length: 计算 RSI 指标的长度，默认为 14 - RSI Divergence Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量 Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量 Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量 Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量 Tolerant Kline Number: K线和指标的顶/底点索引的最大误差 Cov Threshold: 背离程度，该值小于 0，且越小说明背离程度越大 Plot Bullish: 是否绘制常规底背离提示 Plot Hidden Bullish: 是否绘制隐藏底背离提示 Plot Bearish: 是否绘制常规顶背离提示 Plot Hidden Bearish: 是否绘制隐藏顶背离提示 祝大家交易愉快
Pine Script® Indikator
von dandrideng
3
On Balance Volume wi Normalization (OSC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it (1) Indicator introduction This indicator is a normalized OBV that never dulls and has a better divergence accuracy than RSI This indicator is plotted on the Normalized OBV and can display the divergence locations and corresponding divergence intensity The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number" Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline (2) Parameter introduction - Normalized On Balance Volume MA Type: Type of moving average for calculating the normalized OBV, default is SMA MA Period: Period of moving average of normalized OBV, which is SMA14 by default NOBV Sigma: Upper and lower range of normalized OBV - Normalized On Balance Volume Divergence Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence Plot Bullish: Whether to draw regular bullish divergence label Plot Hidden Bullish: Whether to draw hidden bullish divergence label Plot Bearish: Whether to draw regular bearish divergence label Plot Hidden Bearish: Whether to draw hidden bearish divergence label Happy trading and enjoy your life! ———————————————————————————————————————— 各位朋友大家好，很抱歉之前的开源版本因为规则原因被隐藏，我已经重新编辑了说明并重新发布 (1) 指标说明 该指标是 OBV 的归一化版本，永不钝化，背离准确率高于 RSI 该指标绘制于 归一化OBV 上，并在对应位置显示背离点以及背离程度 支持顶底位置 N 根K线的容差，由 Tolerant Kline Number 参数设置 支持背离强度的显示，即标签上显示的 REG/HID 值，该值小于 0，且越小说明背离程度越大 支持背离强度的过滤，由 Cov Threshold 参数设置， REG/HID 值大于这个值的背离会被忽略 标签中，REG 表示常规顶/低背离，而 HID 表示隐藏顶/底背离 标签中，SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离 标签中，OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离 (2) 参数说明 - Normalized On Balance Volume MA Type: 计算归一化 OBV 的移动平均的类型，默认为 SMA MA Period: 计算归一化 OBV 的移动平均的周期，默认为 SMA14 NOBV Sigma: 归一化 OBV 的过滤区间 - Normalized On Balance Volume Divergence Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量 Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量 Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量 Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量 Tolerant Kline Number: K线和指标的顶/底点索引的最大误差 Cov Threshold: 背离程度，该值小于 0，且越小说明背离程度越大 Plot Bullish: 是否绘制常规底背离提示 Plot Hidden Bullish: 是否绘制隐藏底背离提示 Plot Bearish: 是否绘制常规顶背离提示 Plot Hidden Bearish: 是否绘制隐藏顶背离提示 祝大家交易愉快
Pine Script® Indikator
von dandrideng
2
On Balance Volume wi Normalization (SRC)Hello everyone, I'm sorry that the previous open-source version was hidden due to the house rules, I've re-edited the description and re-posted it (1) Indicator introduction This indicator is a normalized OBV that never dulls and has a better divergence accuracy than RSI This indicator is plotted on the klines and can display the divergence locations and corresponding divergence intensity The tolerance of N Klines at the top or bottom positions for price and indicator is supported, which is set by the "Tolerant Kline Number" Support the display of divergence intensity, that is, the REG/HID value displayed on the label, which is less than 0. The smaller the intensity value, the more obvious divergence Support the filtering of divergence intensity, which is set by "Cov Threshold". The divergence that REG/HID divergence intensity greater than this value will be ignored In the label, REG indicates regular top/bottom divergence while HID indicates hidden top/bottom divergence In the label, SRC(x-y) indicates a divergence occurred from the x-th kline to the y-th kline In the label, OSC(x-y) indicates a divergence occurred from the indicator corresponding to the x-th kline to the y-th kline (2) Parameter introduction - Normalized On Balance Volume MA Type: Type of moving average for calculating the normalized OBV, default is SMA MA Period: Period of moving average of normalized OBV, which is SMA14 by default NOBV Sigma: Upper and lower range of normalized OBV, but the function is reserved - Normalized On Balance Volume Divergence Pivot Lookback Right: Number of K-line bars recalling the pivot top/bottom point to the right Pivot Lookback Left: Number of K-line bars recalling the pivot top/bottom point to the left Max of Lookback Range: Maximum number of retracing K-line bars to find the pivot top/bottom point Min of Lookback Range: Minimum number of retracing K-line bars to find the pivot top/bottom point Tolerant Kline Number: Maximum tolerance in indexing top/bottom points of Klines and indicators Cov Threshold: Divergence intensity, which is less than 0. The smaller the intensity value, the more obvious divergence Plot Bullish: Whether to draw regular bullish divergence label Plot Hidden Bullish: Whether to draw hidden bullish divergence label Plot Bearish: Whether to draw regular bearish divergence label Plot Hidden Bearish: Whether to draw hidden bearish divergence label Happy trading and enjoy your life! ———————————————————————————————————————— 各位朋友大家好，很抱歉之前的开源版本因为规则原因被隐藏，我已经重新编辑了说明并重新发布 (1) 指标说明 该指标是 OBV 的归一化版本，永不钝化，背离准确率高于 RSI 该指标绘制于 K线 上，并在对应位置显示背离点以及背离程度 支持顶底位置 N 根K线的容差，由 Tolerant Kline Number 参数设置 支持背离强度的显示，即标签上显示的 REG/HID 值，该值小于 0，且越小说明背离程度越大 支持背离强度的过滤，由 Cov Threshold 参数设置， REG/HID 值大于这个值的背离会被忽略 标签中，REG 表示常规顶/低背离，而 HID 表示隐藏顶/底背离 标签中，SRC(x-y) 表示从当前第 x 根 bar 开始到第 y 跟 bar 出现背离 标签中，OSC(x-y) 表示从当前第 x 根 bar 所对应的指标开始到第 y 跟 bar 所对应的指标出现背离 (2) 参数说明 - Normalized On Balance Volume MA Type: 计算归一化 OBV 的移动平均的类型，默认为 SMA MA Period: 计算归一化 OBV 的移动平均的周期，默认为 SMA14 NOBV Sigma: 归一化 OBV 的过滤区间，其功能暂时保留 - Normalized On Balance Volume Divergence Pivot Lookback Right: 枢纽顶/底点往右回顾的 K线 bar 数量 Pivot Lookback Left: 枢纽顶/底点往左回顾的 K线 bar 数量 Max of Lookback Range: 回寻找枢纽顶/底点的最大回溯 K线 bar 数量 Min of Lookback Range: 回寻找枢纽顶/底点的最小回溯 K线 bar 数量 Tolerant Kline Number: K线和指标的顶/底点索引的最大误差 Cov Threshold: 背离程度，该值小于 0，且越小说明背离程度越大 Plot Bullish: 是否绘制常规底背离提示 Plot Hidden Bullish: 是否绘制隐藏底背离提示 Plot Bearish: 是否绘制常规顶背离提示 Plot Hidden Bearish: 是否绘制隐藏顶背离提示 祝大家交易愉快
Pine Script® Indikator
von dandrideng
3
EMA Confirmations & RejectionsWant to know how the bulls and bears are doing? Use this to see the attempts made for making big moves and their outcomes to feel more confident in your entry or exit and know when the tides are turning. Do not read a single arrow or cross on the chart and think it means one thing. Take in the big picture and detect patterns and frequency of good or bad signals to determine the likelihood of the future being bullish or bearish. For example, more green arrows than orange arrows in a consolidation period would suggest a break to the upside is more likely. There are 4 different signals this indicator can print: 1. A green arrow indicates a move of strength to the upside has begun. Could be a bull trap or the start of a long lasting bullish move. 2. An orange arrow indicates a move of strength to the downside has begun. Could be a bear trap or the start of a long lasting bearish move. 3. A blue cross is printed above if the break was to the upside, or below if it was to the downside. Indicates a failed attempt to change the trend and bullish price action is more likely in the next few candles. 4. A red cross is printed above if the break was to the upside, or below if it was to the downside. Indicates a failed attempt to change the trend and bearish price action is more likely in the next few candles. The location of the cross is more important than the colour. Above means pressure downwards, and below means pressure upwards. Pro Tip: Green arrows below 50 on the RSI are more meaningful than when above. This also works for orange arrows when above 50.
Pine Script® Indikator
von Zuage337
11
Ichimoku [xdecow]The Ichimoku Kinko Hyo (Ichimoku Cloud) is a popular indicator / system. In this version you will have a panel that shows the main signs of this system. Each signal can have its status as bullish (weak, neutral or strong), consolidation and bearish (weak, neutral or strong). Signals Kijun-Sen Cross Occurs when the price closes above/below the Kijun-sen. Weak Bullish: Occurs below the Kumo. Weak Bearish: Occurs above the Kumo. Bullish/Bearish Neutral: Occurs inside the Kumo. Strong Bullish: Occurs above the Kumo. Strong Bearish: Occurs below the Kumo. TK Cross Occurs when the Tenkan-sen crosses the Kijun-sen. Weak Bullish: Occurs when the crossing is below the Kumo. Weak Bearish: Occurs when the crossing is above the Kumo. Bullish/Bearish Neutral: Occurs when the crossing is inside the Kumo. Strong Bullish: Occurs when the crossing is above the Kumo. Strong Bearish: Occurs when the crossing is below the Kumo. Chikou Span Cross Occurs when the Chikou Span crosses the price. Weak Bullish: Occurs when current price is below the Kumo. Weak Bearish: Occurs when current price is above the Kumo. Bullish/Bearish Neutral: Occurs when current price is inside the Kumo. Strong Bullish: Occurs when current price is above the Kumo. Strong Bearish: Occurs when current price is below the Kumo. Kumo Breakout Occurs when the price closes above/below the Kumo. Kumo Twist Occurs when the Senkou Span A crosses the Senkou Span B ahead. Weak Bullish: Occurs when current price is below the Kumo. Weak Bearish: Occurs when current price is above the Kumo. Bullish/Bearish Neutral: Occurs when current price is inside the Kumo. Strong Bullish: Occurs when current price is above the Kumo. Strong Bearish: Occurs when current price is below the Kumo. In addition, Senkou Span B turns golden when it is flat and the cloud is lighter when it is thin (default is half the average of the last 610).
Pine Script® Indikator
von xdecow
16
Combo VIX and DXYHello traders It's been a while :) I wanted to share a cool script that you can use for any asset class. The script isn't really special - though what it displays is super helpful Volatility Index $VIX (Source: Wikipedia) VIX is the ticker symbol and the popular name for the Chicago Board Options Exchange's CBOE Volatility Index, a popular measure of the stock market's expectation of volatility based on S&P 500 index options. It is calculated and disseminated on a real-time basis by the CBOE, and is often referred to as the fear index or fear gauge. I consider that a $VIX above 30% is a very bearish signal. Above 30% translating investors selling in masse their assets. #blood #on #the #street Dollar Index $DXY (Source: Wikipedia) The U.S. Dollar Index (USDX, DXY, DX, or, informally, the "Dixie") is an index (or measure) of the value of the United States dollar relative to a basket of foreign currencies, often referred to as a basket of U.S. trade partners' currencies. The Index goes up when the U.S. dollar gains "strength" (value) when compared to other currencies. The index is designed, maintained, and published by ICE (Intercontinental Exchange, Inc.), with the name "U.S. Dollar Index" a registered trademark. It is a weighted geometric mean of the dollar's value relative to following select currencies: Euro (EUR), 57.6% weight Japanese yen (JPY) 13.6% weight Pound sterling (GBP), 11.9% weight Canadian dollar (CAD), 9.1% weight Swedish krona (SEK), 4.2% weight Swiss franc (CHF) 3.6% weight In "bear markets", the $DXY usually goes up. People are selling their hard assets to get some $USD in return - pumping the $DXY higher Corollary I'm not sure which one happens first between a bearish $DXY or bearish $DXY... though both are usually correlated If: - $VIX goes above 30%, usually $DXY increases and assets versus the good old' $USD drop - $VIX goes below 30%, usually $DXY decreases and assets versus the good old' $USD increases This is a nice lever effect between both the $VIX, $DXY and the assets versus the $USD That's being said, I don't only use those 2 information to enter in a trade. It gives me though a strong confirmation whenever I'm long or short Imagine I get a LONG signal but the combo $VIX + $DXY is bearish... this tells me to be cautious and to: - enter at a pullback - protect my position quickly at breakeven - take my profit quick For a mega bull market (some called it hyperinflation), you want your fiat to drop in value for the counter-asset to increase in value. And before you ask.... yes I look at what $DXY is doing before taking a trade on $BTCUSD :) In other words, $DXY going down is quite bullish for Bitcoin. Settings and Alerts The settings by default are the ones I use for my trading. The background colors will be colored whenever the COMBO is bullish (green) or bearish (red) Alerts are enabled using the brand new alert function published last week by @TradingView That's it for today, I hope you'll like it :) PS: In this chart above, I'm using the Supertrend indicator from @KivancOzbilgic Dave
Pine Script® Indikator
von Daveatt
8
Average Sentiment OscillatorDescription of this indicator from its author: Average Sentiment Oscillator Momentum oscillator of averaged bull/bear percentages. We suggest using it as a relatively accurate way to gauge the sentiment of a given period of candles, as a trend filter or for entry/exit signals. It’s a combination of two algorithms, both essentially the same but applied in a different way. The first one analyzes the bullish/bearishness of each bar using OHLC prices then averages all percentages in the period group of bars (eg. 10) to give the final % value. The second one treats the period group of bars as one bar and then determines the sentiment percentage with the OHLC points of the group. The first one is noisy but more accurate in respect to intra-bar sentiment, whereas the second gives a smoother result and adds more weight to the range of price movement. They can be used separately as Mode 1 and Mode 2 in the indicator settings, or combined as Mode 0. Original indicator idea from Benjamin Joshua Nash, converted from MT4 version Usage: The blue line is Bulls %, red line is Bears %. As they are both percentages of 100, they mirror each other. The higher line is the dominating sentiment. The lines crossing the 50% centreline mark the shift of power between bulls and bears, and this often provides a good entry or exit signal, i.e. if the blue line closes above 50% on the last bar, Buy or exit Sell, if the red line closes above 50% on the last bar, Sell or exit Buy. These entries are better when average volume is high. It's also possible to see the relative strength of the swings/trend, i.e. a blue peak is higher than the preceding red one. A clear divergence can be seen in the picture as the second bullish peak registers as a lower strength on the oscillator but moved higher on the price chart. By setting up levels at the 70% and 30% mark the oscillator can also be used for trading overbought/oversold levels similar to a Stochastic or RSI. As is the rule with most indicators, a smaller period gives more leading signals and a larger period gives less false signals.
Pine Script® Indikator
von KivancOzbilgic
49
Bar Balance [LucF]Bar Balance extracts the number of up, down and neutral intrabars contained in each chart bar, revealing information on the strength of price movement. It can display stacked columns representing raw up/down/neutral intrabar counts, or an up/down balance line which can be calculated and visualized in many different ways. WARNING: This is an analysis tool that works on historical bars only. It does not show any realtime information, and thus cannot be used to issue alerts or for automated trading. When realtime bars elapse, the indicator will require a browser refresh, a change to its Inputs or to the chart's timeframe/symbol to recalculate and display information on those elapsed bars. Once a trader understands this, the indicator can be used advantageously to make discretionary trading decisions. Traders used to work with my  Delta Volume Columns Pro  will feel right at home in this indicator's Inputs . It has lots of options, allowing it to be used in many different ways. If you value the bar balance information this indicator mines, I hope you will find the time required to master the use of Bar Balance well worth the investment. █  OVERVIEW The indicator has two modes: Columns and Line . Columns • In Columns mode you can display stacked Up/Down/Neutral columns. • The "Up" section represents the count of intrabars where `close > open`, "Down" where `close < open` and "Neutral" where `close = open`. • The Up section always appears above the centerline, the Down section below. The Neutral section overlaps the centerline, split halfway above and below it.  The Up and Down sections start where the Neutral section ends, when there is one. • The Up and Down sections can be colored independently using 7 different methods. • The signal line plotted in Line mode can also be displayed in Columns mode. Line • Displays a single balance line using a zero centerline. • A variable number of independent methods can be used to calculate the line (6), determine its color (5), and color the fill (5).  You can thus evaluate the state of 3 different components with this single line. • A "Divergence Levels" feature will use the line to automatically draw expanding levels on divergence events. Features available in both modes • The color of all components can be selected from 15 base colors, with 16 gradient levels used for each base color in the indicator's gradients. • A zero line can show a 6-state aggregate value of the three main volume balance modes. • The background can be colored using any of 5 different methods. • Chart bars can be colored using 5 different methods. • Divergence and large neutral count ratio events can be shown in either Columns or Line mode, calculated in one of 4 different methods. • Markers on 6 different conditions can be displayed. █  CONCEPTS Intrabar inspection Intrabar inspection means the indicator looks at lower timeframe bars ( intrabars ) making up a given chart bar to gather its information. If your chart is on a 1-hour timeframe and the intrabar resolution determined by the indicator is 5 minutes, then 12 intrabars will be analyzed for each chart bar and the count of up/down/neutral intrabars among those will be tallied. Bar Balances and calculation methods The indicator uses a variety of methods to evaluate bar balance and to derive other calculations from them: 1. Balance on Bar : Uses the relative importance of instant Up and Down counts on the bar. 2. Balance Averages : Uses the difference between the EMAs of Up and Down counts. 3. Balance Momentum : Starts by calculating, separately for both Up and Down counts, the difference between the same EMAs used in Balance Averages and an SMA of double the period used for the EMAs. These differences are then aggregated and finally, a bounded momentum of that aggregate is calculated using RSI. 4. Markers Bias : It sums the bull/bear occurrences of the four previous markers over a user-defined period (the default is 14). 5. Combined Balances : This is the aggregate of the instant bull/bear bias of the three main bar balances. 6. Dual Up/Down Averages : This is a display mode showing the EMA calculated for each of the Up and Down counts. Interpretation of neutral intrabars What do neutral intrabars mean? When price does not change during a bar, it can be because there is simply no interest in the market, or because of a perfect balance between buyers and sellers. The latter being more improbable, Bar Balance assumes that neutral bars reveal a lack of interest, which entails uncertainty. That is the reason why the option is provided to interpret ratios of neutral intrabars greater than 50% as divergences. It is also the rationale behind the option to dampen signal lines on the inverse ratio of neutral intrabars, so that zero intrabars do not affect the signal, and progressively larger proportions of neutral intrabars will reduce the signal's amplitude, as the balance calcs using the up/down counts lose significance. The impact of the dampening will vary with markets. Weaker markets such as cryptos will often contain greater numbers of neutral intrabars, so dampening the Line in that sector will have a greater impact than in more liquid markets. █  FEATURES 1 — Columns • While the size of the Up/Down columns always represents their respective importance on the bar, their coloring mode is independent. The default setup uses a standard coloring mode where the Up/Down columns over/under the zero line are always in the bull/bear color with a higher intensity for the winning side. Six other coloring modes allow you to pack more information in the columns. When choosing to color the top columns using a bull/bear gradient on Balance Averages, for example, you will end up with bull/bear colored tops. In order for the color of the bottom columns to continue to show the instant bar balance, you can then choose the "Up/Down Ratio on Bar — Dual Solid Colors" coloring mode to make those bars the color of the winning side for that bar. • Line mode shows only the line, but Columns mode allows displaying the line along with it. If the scale of the line is different than that of the scale of the columns, the line will often appear flat. Traders may find even a flat line useful as its bull/bear colors will be easily distinguishable. 2 — Line • The default setup for Line mode uses a calculation on "Balance Momentum", with a fill on the longer-term "Balance Averages" and a line color based on the "Markers Bias". With the background set on "Line vs Divergence Levels" and the zero line on the hard-coded "Combined Bar Balances", you have access to five distinct sources of information at a glance, to which you can add divergences, divergences levels and chart bar coloring. This provides powerful potential in displaying bar balance information. • When no columns are displayed, Line mode can show the full scale of whichever line you choose to calculate because the columns' scale no longer interferes with the line's scale. • Note that when "Balance on Bar" is selected, the Neutral count is also displayed as a ratio of the balance line. This is the only instance where the Neutral count is displayed in Line mode. • The "Dual Up/Down Averages" is an exception as it displays two lines: one average for the Up counts and another for the Down counts. This mode will be most useful when Columns are also displayed, as it provides a reference for the top and bottom columns. 3 — Zero Line The zero line can be colored using two methods, both based on the Combined Balances, i.e., the aggregate of the instant bull/bear bias of the three main bar balances. • In "Six-state Dual Color Gradient" mode, a dot appears on every bar. Its color reflects the bull/bear state of the Combined Balances, and the dot's brightness reflects the tally of balance biases. • In "Dual Solid Colors (All Bull/All Bear Only)" a dot only appears when all three balances are either bullish or bearish. The resulting pattern is identical to that of Marker 1. 4 — Divergences • Divergences are displayed as a small circle at the top of the scale. Four different types of divergence events can be detected. Divergences occur whenever the bull/bear bias of the method used diverges with the bar's price direction. • An option allows you to include in divergence events instances where the count of neutral intrabars exceeds 50% of the total intrabar count. • The divergence levels are dynamic levels that automatically build from the line's values on divergence events. On consecutive divergences, the levels will expand, creating a channel. This implementation of the divergence levels corresponds to my view that divergences indicate anomalies, hesitations, points of uncertainty if you will. It excludes any association of a pre-determined bullish/bearish bias to divergences. Accordingly, the levels merely take note of divergence events and mark those points in time with levels. Traders then have a reference point from which they can evaluate further movement. The bull/bear/neutral colors used to plot the levels are also congruent with this view in that they are determined by price's position relative to the levels, which is how I think divergences can be put to the most effective use. 5 — Background • The background can show a bull/bear gradient on four different calculations. You can adjust its brightness to make its visual importance proportional to how you use it in your analysis. 6 — Chart bars • Chart bars can be colored using five different methods. • You have the option of emptying the body of bars where volume does not increase, as does my TLD indicator, the idea behind this being that movement on bars where volume does not increase is less relevant. 7 — Intrabar Resolution You can choose between three modes. Two of them are automatic and one is manual:   a) Fast, Longer history, Auto-Steps (~12 intrabars) : Optimized for speed and deeper history. Uses an average minimum of 12 intrabars.   b) More Precise, Shorter History Auto-Steps (~24 intrabars) : Uses finer intrabar resolution. It is slower and provides less history. Uses an average minimum of 24 intrabars.   c) Fixed : Uses the fixed resolution of your choice. Auto-Steps calculations vary for 24/7 and conventional markets in order to achieve the proper target of minimum intrabars. You can choose to view the intrabar resolution currently used to calculate delta volume. It is the default. The proper selection of the intrabar resolution is important. It must achieve maximal granularity to produce precise results while not unduly slowing down calculations, or worse, causing runtime errors. 8 — Markers Six markers are available: 1. Combined Balances Agreement : All three Bar Balances are either bullish or bearish. 2. Up or Down % Agrees With Bar : An up marker will appear when the percentage of up intrabars in an up chart bar is greater than the specified percentage. Conditions mirror to down bars. 3. Divergence confirmations By Price : One of the four types of balance calculations can be used to detect divergences with price. Confirmations occur when the bar following the divergence confirms the balance bias. Note that the divergence events used here do not include neutral intrabar events. 4. Balance Transitions : Bull/bear transitions of the selected balance. 5. Markers Bias Transitions : Bull/bear transitions of the Markers Bias. 6. Divergence Confirmations By Line : Marks points where the line first breaches a divergence level. Markers appear when the condition is detected, without delay. Since nothing is plotted in realtime, markers do not appear on the realtime bar. 9 — Settings • Two modes can be selected to dampen the line on the ratio of neutral intrabars. • A distinct weight can be attributed to the count of the latter half of intrabars, on the assumption that later intrabars may be more important in determining the outcome of chart bars. • Allows control over the periods of the different moving averages used in calculations. • The default periods used for the various calculations define the following hierarchy from slow to fast:   Balance Averages: 50,   Balance Momentum: 20,   Dual Up/Down Averages: 20,   Marker Bias: 10. █  LIMITATIONS • This script uses a special characteristic of the `security()` function allowing the inspection of intrabars—which is not officially supported by TradingView. • The method used does not work on the realtime bar—only on historical bars. • The indicator only works on some chart resolutions: 3, 5, 10, 15 and 30 minutes, 1, 2, 4, 6, and 12 hours, 1 day, 1 week and 1 month. The script’s code can be modified to run on other resolutions, but chart resolutions must be divisible by the lower resolution used for intrabars and the stepping mechanism could require adaptation. • When using the "Line vs Divergence Levels — Dual Color Gradient" color mode to fill the line, background or chart bars, keep in mind that a line calculation mode must be defined for it to work, as it determines gradients on the movement of the line relative to divergence levels. If the line is hidden, it will not work. • When the difference between the chart’s resolution and the intrabar resolution is too great, runtime errors will occur. The Auto-Steps selection mechanisms should avoid this. • Alerts do not work reliably when `security()` is used at intrabar resolutions. Accordingly, no alerts are configured in the indicator. • The color model used in the indicator provides for fancy visuals that come at a price; when you change values in Inputs , it can take 20 seconds for the changes to materialize. Luckily, once your color setup is complete, the color model does not have a large performance impact, as in normal operation the `security()` calls will become the most important factor in determining response time. Also, once in a while a runtime error will occur when you change inputs. Just making another change will usually bring the indicator back up. █  RAMBLINGS Is this thing useful? I'll let you decide. Bar Balance acts somewhat like an X-Ray on bars. The intrabars it analyzes are no secret; one can simply change the chart's resolution to see the same intrabars the indicator uses. What the indicator brings to traders is the precise count of up/down/neutral intrabars and, more importantly, the calculations it derives from them to present the information in a way that can make it easier to use in trading decisions. How reliable is Bar Balance information? By the same token that an up bar does not guarantee that more up bars will follow, future price movements cannot be inferred from the mere count of up/down/neutral intrabars. Price movement during any chart bar for which, let's say, 12 intrabars are analyzed, could be due to only one of those intrabars. One can thus easily see how only relying on bar balance information could be very misleading. The rationale behind Bar Balance is that when the information mined for multiple chart bars is aggregated, it can provide insight into the history behind chart bars, and thus some bias as to the strength of movements. An up chart bar where 11/12 intrabars are also up is assumed to be stronger than the same up bar where only 2/12 intrabars are up. This logic is not bulletproof, and sometimes Bar Balance will stray. Also, keep in mind that balance lines do not represent price momentum as RSI would. Bar Balance calculations have no idea where price is. Their perspective, like that of any historian, is very limited, constrained that it is to the narrow universe of up/down/neutral intrabar counts. You will thus see instances where price is moving up while Balance Momentum, for example, is moving down. When Bar Balance performs as intended, this indicates that the rally is weakening, which does necessarily imply that price will reverse. Occasionally, price will merrily continue to advance on weakening strength. Divergences Most of the divergence detection methods used here rely on a difference between the bias of a calculation involving a multi-bar average and a given bar's price direction. When using "Bar Balance on Bar" however, only the bar's balance and price movement are used. This is the default mode. As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. I do not share the overwhelming enthusiasm traders have for the purported ability of bullish/bearish divergences to indicate imminent reversals. Superfluity In "The Bed of Procrustes", Nassim Nicholas Taleb writes: To bankrupt a fool, give him information . Bar Balance can display lots of information. While learning to use a new indicator inevitably requires an adaptation period where we put it through its paces and try out all its options, once you have become used to Bar Balance and decide to adopt it, rigorously eliminate the components you don't use and configure the remaining ones so their visual prominence reflects their relative importance in your analysis. I tried to provide flexible options for traders to control this indicator's visuals for that exact reason—not for window dressing. █  NOTES For traders • To avoid misleading traders who don't read script descriptions, the indicator shows nothing in the realtime bar. • The Data Window shows key values for the indicator. • All gradients used in this indicator determine their brightness intensities using advances/declines in the signal—not their relative position in a fixed scale. • Note that because of the way gradients are optimized internally, changing their brightness will sometimes require bringing down the value a few steps before you see an impact. • Because this indicator does not use volume, it will work on all markets. For coders • For those interested in gradients, this script uses an advanced version of the Advance/Decline gradient function from the PineCoders Color Gradient (16 colors) Framework . It allows more precise control over the range, steps and min/max values of the gradients. • I use the PineCoders Coding Conventions for Pine to write my scripts. • I used functions modified from the PineCoders MTF Selection Framework for the selection of timeframes. █  THANKS TO: — alexgrover who helped me think through the dampening method used to attenuate signal lines on high ratios of neutral intrabars. — A guy called Kuan who commented on a Backtest Rookies presentation of their Volume Profile indicator . The technique I use to inspect intrabars is derived from Kuan's code. — theheirophant , my partner in the exploration of the sometimes weird abysses of `security()`’s behavior at intrabar resolutions. — midtownsk8rguy , my brilliant companion in mining the depths of Pine graphics. He is also the co-author of the PineCoders Color Gradient Frameworks .
Pine Script® Indikator
von LucF
29
Delta Volume Columns Pro [LucF]█  OVERVIEW This indicator displays volume​​ delta information calculated with intrabar inspection on historical bars, and feed updates when running in realtime. It is designed to run in a pane and can display either stacked buy/sell volume​ columns or a signal line which can be calculated and displayed in many different ways. Five different models are offered to reveal different characteristics of the calculated volume​ delta information. Many options are offered to visualize the calculations, giving you much leeway in morphing the indicator's visuals to suit your needs. If you value delta volume​ information, I hope you will find the time required to master Delta Volume​ Columns Pro well worth the investment. I am confident that if you combine a proper understanding of the indicator's information with an intimate knowledge of the volume​ idiosyncrasies on the markets you trade, you can extract useful market intelligence using this tool. █  WARNINGS 1. The indicator only works on markets where volume​ information is available,   Please validate that your symbol's feed carries volume​ information before asking me why the indicator doesn't plot values. 2. When you refresh your chart or re-execute the script on the chart, the indicator will repaint because elapsed realtime bars will then recalculate as historical bars. 3. Because the indicator uses different modes of calculation on historical and realtime bars, it's critical that you understand the differences between them. Details are provided further down. 4. Calculations using intrabar inspection on historical bars can only be done from some chart timeframes. See further down for a list of supported timeframes.   If the chart's timeframe is not supported, no historical volume​ delta will display. █  CONCEPTS Chart bars Three different types of bars are used in charts:  1. Historical bars are bars that have already closed when the script executes on them.  2. The realtime bar is the current, incomplete bar where a script is running on an open market. There is only one active realtime bar on your chart at any given time.    The realtime bar is where alerts trigger.  3. Elapsed realtime bars are bars that were calculated when they were realtime bars but have since closed.    When a script re-executes on a chart because the browser tab is refreshed or some of its inputs are changed, elapsed realtime bars are recalculated as historical bars. Why does this indicator use two modes of calculation? Historical bars on TradingView charts contain OHLCV data only, which is insufficient to calculate volume​ delta on them with any level of precision. To mine more detailed information from those bars we look at intrabars , i.e., bars from a smaller timeframe (we call it the intrabar timeframe ) that are contained in one chart bar. If your chart Is running at 1D on a 24x7 market for example, most 1D chart bars will contain 24 underlying 1H bars in their dilation. On historical bars, this indicator looks at those intrabars to amass volume​ delta information. If the intrabar is up, its volume​ goes in the Buy bin, and inversely for the Sell bin. When price does not move on an intrabar, the polarity of the last known movement is used to determine in which bin its volume​ goes. In realtime, we have access to price and volume​ change for each update of the chart. Because a 1D chart bar can be updated tens of thousands of times during the day, volume​ delta calculations on those updates is much more precise. This precision, however, comes at a price:  — The script must be running on the chart for it to keep calculating in realtime.  — If you refresh your chart you will lose all accumulated realtime calculations on elapsed realtime bars, and the realtime bar.   Elapsed realtime bars will recalculate as historical bars, i.e., using intrabar inspection, and the realtime bar's calculations will reset.   When the script recalculates elapsed realtime bars as historical bars, the values on those bars will change, which means the script repaints in those conditions.  — When the indicator first calculates on a chart containing an incomplete realtime bar, it will count ALL the existing volume​ on the bar as Buy or Sell volume​,   depending on the polarity of the bar at that point. This will skew calculations for that first bar. Scripts have no access to the history of a realtime bar's previous updates,   and intrabar inspection cannot be used on realtime bars, so this is the only to go about this.  — Even if alerts only trigger upon confirmation of their conditions after the realtime bar closes, they are repainting alerts   because they would perhaps not have calculated the same way using intrabar inspection.  — On markets like stocks that often have different EOD​ and intraday feeds and volume​ information,   the volume's scale may not be the same for the realtime bar if your chart is at 1D, for example,   and the indicator is using an intraday timeframe to calculate on historical bars.  — Any chart timeframe can be used in realtime mode, but plots that include moving averages in their calculations may require many elapsed realtime bars before they can calculate.   You might prefer drastically reducing the periods of the moving averages, or using the volume​ columns mode, which displays instant values, instead of the line. Volume Delta Balances This indicator uses a variety of methods to evaluate five volume​ delta balances and derive other values from those balances. The five balances are: 1 — On Bar Balance : This is the only balance using instant values; it is simply the subtraction of the Sell volume​ from the Buy volume​ on the bar. 2 — Average Balance : Calculates a distinct EMA for both the Buy and Sell volumes, and subtracts the Sell EMA from the Buy EMA. 3 — Momentum Balance : Starts by calculating, separately for both Buy and Sell volumes, the difference between the same EMAs used in "Average Balance" and   an SMA of double the period used for the "Average Balance" EMAs. The difference for the Sell side is subtracted from the difference for the Buy side,   and an RSI of that value is calculated and brought over the −50/+50 scale. 4 — Relative Balance : The reference values used in the calculation are the Buy and Sell EMAs used in the "Average Balance".   From those, we calculate two intermediate values using how much the instant Buy and Sell volumes on the bar exceed their respective EMA — but with a twist.   If the bar's Buy volume​ does not exceed the EMA of Buy volume​, a zero value is used. The same goes for the Sell volume​ with the EMA of Sell volume​.   Once we have our two intermediate values for the Buy and Sell volumes exceeding their respective MA, we subtract them. The final "Relative Balance" value is an ALMA of that subtraction.   The rationale behind using zero values when the bar's Buy/Sell volume​ does not exceed its EMA is to only take into account the more significant volume​.   If both instant volume​ values exceed their MA, then the difference between the two is the signal's value.   The signal is called "relative" because the intermediate values are the difference between the instant Buy/Sell volumes and their respective MA.   This balance flatlines when the bar's Buy/Sell volumes do not exceed their EMAs, which makes it useful to spot areas where trader interest dwindles, such as consolidations.   The smaller the period of the final value's ALMA, the more easily you will see the balance flatline. These flat zones should be considered no-trade zones. 5 — Percent Balance : This balance is the ALMA of the ratio of the "On Bar Balance" value, i.e., the volume​ delta balance on the bar (which can be positive or negative),   over the total volume for that bar. From the balances and marker conditions, two more values are calculated: 1 — Marker Bias : It sums the up/down (+1/‒1) occurrences of the markers 1 to 4 over a period you define, so it ranges from −4 to +4, times the period.   Its calculation will depend on the modes used to calculate markers 3 and 4. 2 — Combined Balances : This is the sum of the bull/bear (+1/−1) states of each of the five balances, so it ranges from −5 to +5. █  FEATURES The indicator has two main modes of operation: Columns and Line . Columns • In Columns mode you can display stacked Buy/Sell volume​ columns. • The buy section always appears above the centerline, the sell section below. • The top and bottom sections can be colored independently using eight different methods. • The EMAs of the Buy/Sell values can be displayed (these are the same EMAs used to calculate the "Average Balance"). Line • Displays one of seven signals: the five balances or one of two complementary values, i.e., the "Marker Bias" or the "Combined Balances". • You can color the line and its fill using independent calculation modes to pack more information in the display.  You can thus appraise the state of 3 different values using the line itself, its color and the color of its fill. • A "Divergence Levels" feature will use the line to automatically draw expanding levels on divergence events. Default settings Using the indicator's default settings, this is the information displayed: • The line is calculated on the "Average Balance". • The line's color is determined by the bull/bear state of the "Percent Balance". • The line's fill gradient is determined by the advances/declines of the "Momentum Balance". • The orange divergence dots are calculated using discrepancies between the polarity of the "On Bar Balance" and the chart's bar. • The divergence levels are determined using the line's level when a divergence occurs. • The background's fill gradient is calculated on advances/declines of the "Marker Bias". • The chart bars are colored using advances/declines of the "Relative Balance". Divergences are shown in orange. • The intrabar timeframe is automatically determined from the chart's timeframe so that a minimum of 50 intrabars are used to calculate volume​ delta on historical bars. Alerts The configuration of the marker conditions explained further is what determines the conditions that will trigger alerts created from this script. Note that simply selecting the display of markers does not create alerts. To create an alert on this script, you must use ALT-A from the chart. You can create multiple alerts triggering on different conditions from this same script; simply configure the markers so they define the trigger conditions for each alert before creating the alert. The configuration of the script's inputs is saved with the alert, so from then on you can change them without affecting the alert. Alert messages will mention the marker(s) that triggered the specific alert event. Keep in mind, when creating alerts on small chart timeframes, that discrepancies between alert triggers and markers displayed on your chart are to be expected. This is because the alert and your chart are running two distinct instances of the indicator on different servers and different feeds. Also keep in mind that while alerts only trigger on confirmed conditions, they are calculated using realtime calculation mode, which entails that if you refresh your chart and elapsed realtime bars recalculate as historical bars using intrabar inspection, markers will not appear in the same places they appeared in realtime. So it's important to understand that even though the alert conditions are confirmed when they trigger, these alerts will repaint. Let's go through the sections of the script's inputs. Columns The size of the Buy/Sell columns always represents their respective importance on the bar, but the coloring mode for tops and bottoms is independent. The default setup uses a standard coloring mode where the Buy/Sell columns are always in the bull/bear color with a higher intensity for the winning side. Seven other coloring modes allow you to pack more information in the columns. When choosing to color the top columns using a bull/bear gradient on "Average Balance", for example, you will have bull/bear colored tops. In order for the color of the bottom columns to continue to show the instant bar balance, you can then choose the "On Bar Balance — Dual Solid Colors" coloring mode to make those bars the color of the winning side for that bar. You can display the averages of the Buy and Sell columns. If you do, its coloring is controlled through the "Line" and "Line fill" sections below. Line and Line fill You can select the calculation mode and the thickness of the line, and independent calculations to determine the line's color and fill. Zero Line The zero line can display dots when all five balances are bull/bear. Divergences You first select the detection mode. Divergences occur whenever the up/down direction of the signal does not match the up/down polarity of the bar. Divergences are used in three components of the indicator's visuals: the orange dot, colored chart bars, and to calculate the divergence levels on the line. The divergence levels are dynamic levels that automatically build from the line's values on divergence events. On consecutive divergences, the levels will expand, creating a channel. This implementation of the divergence levels corresponds to my view that divergences indicate anomalies, hesitations, points of uncertainty if you will. It precludes any attempt to identify a directional bias to divergences. Accordingly, the levels merely take note of divergence events and mark those points in time with levels. Traders then have a reference point from which they can evaluate further movement. The bull/bear/neutral colors used to plot the levels are also congruent with this view in that they are determined by the line's position relative to the levels, which is how I think divergences can be put to the most effective use. One of the coloring modes for the line's fill uses advances/declines in the line after divergence events. Background The background can show a bull/bear gradient on six different calculations. As with other gradients, you can adjust its brightness to make its importance proportional to how you use it in your analysis. Chart bars Chart bars can be colored using seven different methods. You have the option of emptying the body of bars where volume​ does not increase, as does my TLD indicator, and you can choose whether you want to show divergences. Intrabar Timeframe This is the intrabar timeframe that will be used to calculate volume​ delta using intrabar inspection on historical bars. You can choose between four modes. The three "Auto-steps" modes calculate, from the chart's timeframe, the intrabar timeframe where the said number of intrabars will make up the dilation of chart bars. Adjustments are made for non-24x7 markets. "Fixed" mode allows you to select the intrabar timeframe you want. Checking the "Show TF" box will display in the lower-right corner the intrabar timeframe used at any given moment. The proper selection of the intrabar timeframe is important. It must achieve maximal granularity to produce precise results while not unduly slowing down calculations, or worse, causing runtime errors. Note that historical depth will vary with the intrabar timeframe. The smaller the timeframe, the shallower historical plots you will be. Markers Markers appear when the required condition has been confirmed on a closed bar. The configuration of the markers when you create an alert is what determines when the alert will trigger. Five markers are available: • Balances Agreement : All five balances are either bullish​ or bearish​. • Double Bumps : A double bump is two consecutive up/down bars with +/‒ volume​​ delta, and rising Buy/Sell volume​ above its average. • Divergence confirmations : A divergence is confirmed up/down when the chosen balance is up/down on the previous bar when that bar was down/up, and this bar is up/down. • Balance Shifts : These are bull/bear transitions of the selected signal. • Marker Bias Shifts : Marker bias shifts occur when it crosses into bull/bear territory. Periods Allows control over the periods of the different moving averages used to calculate the balances. Volume​ Discrepancies Stock exchanges do not report the same volume​ for intraday and daily (or higher) resolutions. Other variations in how volume​ information is reported can also occur in other markets, namely Forex, where volume​ irregularities can even occur between different intraday timeframes. This will cause discrepancies between the total volume​ on the bar at the chart's timeframe, and the total volume​​ calculated by adding the volume​​ of the intrabars in that bar's dilation. This does not necessarily invalidate the volume​​ delta information calculated from intrabars, but it tells us that we are using partial volume​ data. A mechanism to detect chart vs intrabar timeframe volume​​ discrepancies is provided. It allows you to define a threshold percentage above which the background will indicate a difference has been detected. Other Settings You can control here the display of the gray dot reminder on realtime bars, and the display of error messages if you are using a chart timeframe that is not greater than the fixed intrabar timeframe, when you use that mode. Disabling the message can be useful if you only use realtime mode at chart timeframes that do not support intrabar inspection. █  RAMBLINGS On Volume​ Delta Volume​ is arguably the best complement to interpret price action, and I consider volume​ delta to be the most effective way of processing volume​ information. In periods of low-volatility price consolidations, volume​ will typically also be lower than normal, but slight imbalances in the trend of the buy/sell volume​ balance can sometimes help put early odds on the direction of the break from consolidation. Additionally, the progression of the volume​ imbalance can help determine the proximity of the breakout. I also find volume​ delta and the number of divergences very useful to evaluate the strength of trends. In trends, I am looking for "slow and steady", i.e., relatively low volatility​ and pauses where price action doesn't look like world affairs are being reassessed. In my personal mythology, this type of trend is often more resilient than high-volatility breakouts, especially when volume​ balance confirms the general agreement of traders signaled by the low-volatility usually accompanying this type of trend. The volume​ action on pauses will often help me decide between aggressively taking profits, tightening a stop or going for a longer-term movement. As for reversals, they generally occur in high-volatility areas where entering trades is more expensive and riskier. While the identification of counter-trend reversals fascinates many traders to no end, they represent poor opportunities in my view. Volume​ imbalances often precede reversals, but I prefer to use volume​ delta information to identify the areas following reversals where I can confirm them and make relatively low-cost entries with better odds. On "Buy/Sell" Volume Buying or selling volume​ are misnomers, as every unit of volume​ transacted is both bought and sold by two different traders. While this does not keep me from using the terms, there is no such thing as “buy only” or “sell only” volume​. Trader lingo is riddled with peculiarities. Divergences The divergence detection method used here relies on a difference between the direction of a signal and the polarity (up/down) of a chart bar. When using the default "On Bar Balance" to detect divergences, however, only the bar's volume​ delta is used. You may wonder how there can be divergences between buying/selling volume​ information and price movement on one bar. This will sometimes be due to the calculation's shortcomings, but divergences may also occur in instances where because of order book structure, it takes less volume​ to increase the price of an asset than it takes to decrease it. As usual, divergences are points of interest because they reveal imbalances, which may or may not become turning points. To your pattern-hungry brain, the divergences displayed by this indicator will — as they do on other indicators — appear to often indicate turnarounds. My opinion is that reality is generally quite sobering and I have no reliable information that would tend to prove otherwise. Exercise caution when using them. Consequently, I do not share the overwhelming enthusiasm of traders in identifying bullish​/bearish​ divergences. For me, the best course of action when a divergence occurs is to wait and see what happens from there. That is the rationale underlying how my divergence levels work; they take note of a signal's level when a divergence occurs, and it's the signal's behavior from that point on that determines if the post-divergence action is bullish​/bearish​. Superfluity In "The Bed of Procrustes", Nassim Nicholas Taleb writes: To bankrupt a fool, give him information . This indicator can display lots of information. While learning to use a new indicator inevitably requires an adaptation period where we put it through its paces and try out all its options, once you have become used to it and decide to adopt it, rigorously eliminate the components you don't use and configure the remaining ones so their visual prominence reflects their relative importance in your analysis. I tried to provide flexible options for traders to control this indicator's visuals for that exact reason — not for window dressing. █  LIMITATIONS • This script uses a special characteristic of the `security()` function allowing the inspection of intrabars — which is not officially supported by TradingView.  It has the advantage of permitting a more robust calculation of volume​ delta than other methods on historical bars, but also has its limits. • Intrabar inspection only works on some chart timeframes: 3, 5, 10, 15 and 30 minutes, 1, 2, 3, 4, 6, and 12 hours, 1 day, 1 week and 1 month.  The script’s code can be modified to run on other resolutions. • When the difference between the chart’s timeframe and the intrabar timeframe is too great, runtime errors will occur. The Auto-Steps selection mechanisms should avoid this. • All volume​ is not created equally. Its source, components, quality and reliability will vary considerably with sectors and instruments.  The higher the quality, the more reliably volume​ delta information can be used to guide your decisions.  You should make it your responsibility to understand the volume​ information provided in the data feeds you use. It will help you make the most of volume​ delta. █  NOTES For traders • The Data Window shows key values for the indicator. • While this indicator displays some of the same information calculated in my Delta Volume Columns ,  I have elected to make it a separate publication so that traders continue to have a simpler alternative available to them. Both code bases will continue to evolve separately. • All gradients used in this indicator determine their brightness intensities using advances/declines in the signal—not their relative position in a pre-determined scale. • Volume​ delta being relative, by nature, it is particularly well-suited to Forex markets, as it filters out quite elegantly the cyclical volume​ data characterizing the sector. If you are interested in volume​ delta, consider having a look at my other "Delta Volume" indicators: • Delta Volume Realtime Action displays realtime volume​ delta and tick information on the chart. • Delta Volume Candles builds volume​​ delta candles on the chart. • Delta Volume Columns is a simpler version of this indicator. For coders • I use the `f_c_gradientRelativePro()` from the PineCoders Color Gradient Framework to build my gradients.  This function has the advantage of allowing begin/end colors for both the bull and bear colors. It also allows us to define the number of steps allowed for each gradient.  I use this to modulate the gradients so they perform optimally on the combination of the signal used to calculate advances/declines,  but also the nature of the visual component the gradient applies to. I use fewer steps for choppy signals and when the gradient is used on discrete visual components  such as volume​ columns or chart bars. • I use the PineCoders Coding Conventions for Pine to write my scripts. • I used functions modified from the PineCoders MTF Selection Framework for the selection of timeframes. █  THANKS TO: — The devs from TradingView's Pine and other teams, and the PineCoders who collaborate with them. They are doing amazing work,  and much of what this indicator does could not be done without their recent improvements to Pine. — A guy called Kuan who commented on a Backtest Rookies presentation of their Volume Profile indicator using a `for` loop.  This indicator started from the intrabar inspection technique illustrated in Kuan's snippet. — theheirophant , my partner in the exploration of the sometimes weird abysses of `security()`’s behavior at intrabar timeframes. — midtownsk8rguy , my brilliant companion in mining the depths of Pine graphics.
Pine Script® Indikator
von LucF
125
[BoTo] ATH/2 OverlayThan this indicator is useful? Can help you to understand this indicator who main in the market now. Bulls or bears. How it works All-Time-High ('ATH') - the highest point in price that a cryptocurrency has been in history. Step 1: The 'ATH' line is drawn Step 2: 'ATH/2' line is drawn. Step 3: If the price became more than 'ATH' it means the market bulls have taken, and the price it will be more probable to increase. And vice versa. If the price became less than 'ATH/2' it means that the market was taken by bears, and the price it will be more probable to fall. Step 4: If it is the bull market, then the green background is drawn. And vice versa. If it is the bear market, then the red background is drawn. If the market has changed, then the background will be gray color. Only one candle. How to use it It is possible to use any timeframes, and any symbol. It is possible to use chart type only the japanese candles, the line or bars. Don't use Kagi, Renko or Haiken Ashi! The background can be not shown. You can make 1 or 2 lines. If you have chosen only 1 line, then in the bull market you will see only 'ATH/2' line. And vice versa. In the bear market you will see only the 'ATH' line. You need just to turn on this indicator once to understand what to wait in this market, big falling or big rockets for. And to switch off it that he didn't prevent to analyze. It is the good help for long-term investments (the position can be longer than 1 year) For an example 'Ethereum' 'Ripple' We tried for you. We want to receive your like for good work.
Pine Script® Indikator
von BoTo
1
Bill Williams Divergent BarsBill William Bull/Bear divergent bars See: Book, Trading Chaos by Bill Williams Coded by polyclick A bullish (green) divergent bar, signals a trend switch from bear -> bull -> The current bar has a lower low than the previous bar, but closes in the upper half of the candle. -> This means the bulls are pushing from below and are trying to take over, potentially resulting in a trend switch to bullish. -> We also check if this bar is below the three alligator lines to avoid false positives. A bearish (red) divergent bar, signals a trend switch from bull -> bear -> The current bar has a higher high than the previous bar, but closes in the lower half of the candle. -> This means the bears are pushing the price down and are taking over, potentially resulting in a trend switch to bearish. -> We also check if this bar is above the three alligator lines to avoid false positives. Best used in combination with the Bill Williams Alligator indicator.
Pine Script® Indikator
von polyclick
13
Sarina - 6 EMA Smart Signals - V12292025Overview This advanced trend-following indicator combines 6 Exponential Moving Averages (EMA) into three synchronized layers to provide a comprehensive view of market structure, momentum, and potential future direction. Designed with visual clarity and professional analysis in mind, it uses a dynamic "ribbon" system and a composite momentum engine. Key Features Triple-Layer Ribbon System: EMAs are paired in three sets (Fast, Medium, Slow). The space between each pair is dynamically colored based on the relationship between price action and momentum. 4-Stage Dynamic Coloring: The fill color isn't just about the trend; it's about strength. Strong Bullish/Bearish: Trend and Momentum are aligned. Weak Bullish/Bearish: Trend is present, but momentum is fading. Composite Trend Projection: Using a physics-based velocity and acceleration algorithm, the indicator plots three non-linear projection curves to forecast potential EMA paths. Fully Customizable Signals: Includes 12 different signal types (EMA Crossovers and MACD Zero-Cross) for each layer, all toggleable and pre-configured for a clean chart experience. Scale-Stable UI: Optimized for TradingView’s scaling system, ensuring projection lines stay perfectly aligned with price action during manual chart adjustments. How to Use Trend Ribbon: Look for "Strong" colors (Solid Green/Red) for high-probability trend following. Soft Transparency: Use the opacity settings (35%, 50%, 75%) to overlay multiple layers without cluttering your view. Projections: Observe the curvature of the projection lines. A flattening curve often precedes a trend reversal or consolidation. Signal Layers: Enable EMA signals for trend entries and MACD signals for early momentum warnings. Settings Global Colors: Customize the 4-stage trend colors to fit your dark or light theme. Layer Controls: Independent periods for all 6 EMAs and 3 MACD oscillators. Projection Toggle: Enable/Disable the curve forecasting system.
Pine Script® Indikator
von alireza51
SMI Trigger SystemSMI TRIGGER SYSTEM - DESCRIPTION Overview SMI Trigger System is a momentum oscillator that identifies trend changes and reversals using the Smoothed Stochastic Momentum Index (SMI). Features a color-changing line (green = bullish, red = bearish), cloud shading for momentum zones, and triangle markers that appear exactly when momentum flips. What Makes It Unique: Real-time color-changing momentum line Cloud shading split at zero line Triangle triggers at exact momentum flip points Overbought/oversold limit lines Built-in alerts for all key signals Fully customizable appearance Works on all timeframes How to Use THE DISPLAY Green line/cloud: Bullish momentum Red line/cloud: Bearish momentum Above zero: Bulls in control Below zero: Bears in control Upper limit (+40): Overbought Lower limit (-40): Oversold SIGNALS 🟢 Green Triangle (▲) - Momentum flipping bullish. Buy signal, most powerful below zero. 🔴 Red Triangle (▼) - Momentum flipping bearish. Sell signal, most powerful above zero. TRADING STRATEGIES 1. Trend Following In uptrends: Only take green triangles, ignore red In downtrends: Only take red triangles, ignore green Use higher timeframe for trend, lower for entries Example: Daily uptrend → trade green triangles on 1H chart 2. Limit Reversals Red triangle at upper limit (+40) = strong reversal signal, go short Green triangle at lower limit (-40) = strong reversal signal, go long Wait for triangle AND price confirmation Most reliable on 4H/Daily timeframes 3. Zero Line Trading SMI crosses above zero → bullish bias, take green triangles SMI crosses below zero → bearish bias, take red triangles Zero acts as momentum baseline 4. Divergence Setups Price higher high + SMI lower high = bearish divergence → take next red triangle Price lower low + SMI higher low = bullish divergence → take next green triangle Most powerful at overbought/oversold limits ENTRIES & EXITS Enter: On triangle appearance Stop: Beyond recent opposite-color triangle Target: Limit levels or opposite triangle Add: Additional same-color triangles in strong trends TIMEFRAME GUIDE Scalping (1-5m): Lower %K to 3-4, take all trend-aligned triangles Day trading (15-60m): Default settings (5/3), focus on limit reversals Swing trading (4H-Daily): Higher %K to 7-10, trade only extreme readings ADJUSTING SENSITIVITY SMI %K Length (default: 5): Lower (3-4) = More signals, faster - good for scalping Higher (7-10) = Fewer signals, stronger - good for swing trading SMI %D Length (default: 3): Lower (1-2) = More responsive Higher (5-7) = Smoother ALERTS Built-in alerts for: Triangle appears (momentum flips) SMI crosses zero (trend change) SMI crosses limits (overbought/oversold) Enable in settings, configure in TradingView alert dialog. CUSTOMIZATION Toggle cloud/triangles on/off Adjust triangle size and positioning Customize all colors Triangle label cap prevents clutter Key Settings SMI %K Length (default: 5): Controls sensitivity and signal frequency SMI %D Length (default: 3): Controls smoothing SMI Limit (default: 40): Overbought/oversold threshold Show SMI Cloud (default: ON): Cloud shading Show SMI Flip Triangles (default: ON): Trigger markers Triangle Size/Offset: Appearance customization Enable Alerts (default: ON): Alert notifications Key Features ✅ Color-changing momentum line ✅ Cloud shading for momentum zones ✅ Triangle triggers at exact flips ✅ Overbought/oversold limits ✅ Built-in alert system ✅ Fully customizable ✅ All timeframes ✅ Adjustable sensitivity NPR21 Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView.
Pine Script® Indikator
von NPR21
cc/@version=5 indicator("5 Min Forex Strategy", overlay=true, timeframe="5") // ───────── Indicators ───────── // EMAs ema50 = ta.ema(close, 50) ema200 = ta.ema(close, 200) // RSI rsi = ta.rsi(close, 14) // Stochastic k = ta.stoch(close, high, low, 14) d = ta.sma(k, 3) // ───────── Trend Conditions ───────── bullTrend = ema50 > ema200 bearTrend = ema50 < ema200 // ───────── Entry Conditions ───────── // Buy when trend is bullish + RSI > 50 + Stochastic crosses up from oversold buySignal = bullTrend and rsi > 50 and ta.crossover(k, d) and k < 20 // Sell when trend is bearish + RSI < 50 + Stochastic crosses down from overbought sellSignal = bearTrend and rsi < 50 and ta.crossunder(k, d) and k > 80 // ───────── Plot Indicators ───────── plot(ema50, color=color.yellow, title="EMA 50") plot(ema200, color=color.red, title="EMA 200") // RSI & Stoch plot on separate pane rsiPlot = plot(rsi, "RSI", color=color.new(color.blue, 0)) hline(70); hline(30) // ───────── Plot Buy/Sell signals ───────── plotshape(buySignal, title="BUY", style=shape.labelup, color=color.green, text="BUY", size=size.small, location=location.belowbar) plotshape(sellSignal, title="SELL", style=shape.labeldown, color=color.red, text="SELL", size=size.small, location=location.abovebar)
Pine Script® Indikator
von diyanapasqual2027
Ocean Master [JOAT]Ocean Master QE - Advanced Oceanic Market Analysis with Quantum Flow Dynamics Overview Ocean Master QE is an open-source overlay indicator that combines multiple analytical techniques into a unified market analysis framework. It uses ATR-based dynamic channels, volume-weighted order flow analysis, multi-timeframe correlation (quantum entanglement concept), and harmonic oscillator calculations to provide traders with a comprehensive view of market conditions. What This Indicator Does The indicator calculates and displays several key components: Dynamic Price Channels - ATR-adjusted upper, middle, and lower channels that adapt to current volatility conditions Order Flow Analysis - Separates buying and selling volume pressure to calculate a directional delta Smart Money Index - Volume-weighted order flow metric that highlights potential institutional activity Harmonic Oscillator - Weighted combination of 10 Fibonacci-period EMAs (5, 8, 13, 21, 34, 55, 89, 144, 233, 377) to identify trend direction Multi-Timeframe Correlation - Measures price correlation across 1H, 4H, and Daily timeframes Wave Function Analysis - Momentum-based state detection that identifies when price action becomes decisive How It Works The core channel calculation uses ATR with a configurable quantum sensitivity factor: float atr = ta.atr(i_atrLength) float quantumFactor = 1.0 + (i_quantumSensitivity * 0.1) float quantumATR = atr * quantumFactor upperChannel := ta.highest(high, i_length) - (quantumATR * 0.5) lowerChannel := ta.lowest(low, i_length) + (quantumATR * 0.5) midChannel := (upperChannel + lowerChannel) * 0.5 Order flow is calculated by separating volume into buy and sell components based on candle direction: The harmonic oscillator weights shorter EMAs more heavily using inverse weighting (1/1, 1/2, 1/3... 1/10), creating a responsive yet smooth trend indicator. Signal Generation Confluence signals require multiple conditions to align: Bullish: Harmonic oscillator crosses above zero + positive Smart Money Index + positive Order Flow Delta Bearish: Harmonic oscillator crosses below zero + negative Smart Money Index + negative Order Flow Delta Dashboard Panel (Top-Right) Bias - Current market direction based on price vs mid-channel Entanglement - Multi-timeframe correlation score (0-100%) Wave State - COLLAPSED (decisive) or SUPERPOSITION (uncertain) Volume - Current volume relative to 20-period average Volatility - ATR as percentage of price Smart Money - Volume-weighted order flow reading Visual Elements Ocean Depth Layers - Gradient fills between channel levels representing different price zones Channel Lines - Upper (surface), middle, and lower (seabed) dynamic levels Divergence Markers - Triangle shapes when harmonic oscillator crosses zero Confluence Labels - BULL/BEAR labels when multiple factors align Suggested Use Cases Identify trend direction using the harmonic oscillator and channel position Monitor order flow for potential institutional activity Use multi-timeframe correlation to confirm trade direction across timeframes Watch for confluence signals where multiple factors align Input Parameters Length (default: 14) - Base period for channel and indicator calculations ATR Length (default: 14) - Period for ATR calculation Quantum Depth (default: 3) - Complexity factor for calculations Quantum Sensitivity (default: 1.5) - Channel width multiplier Timeframe Recommendations Works on all timeframes. Higher timeframes (4H, Daily) provide smoother signals; lower timeframes require faster reaction times and may produce more noise. Limitations Multi-timeframe requests add processing overhead Order flow estimation is based on candle direction, not actual order book data Correlation calculations require sufficient historical data Open-Source and Disclaimer This script is published as open-source under the Mozilla Public License 2.0 for educational purposes. It does not constitute financial advice. Past performance does not guarantee future results. Always use proper risk management and conduct your own analysis before trading. - Made with passion by officialjackofalltrades
Pine Script® Indikator
von officialjackofalltrades
Rachev Regime AnalyzerRachev Regime Analyzer ~ GForge What It Does Measures the ratio of extreme gains to extreme losses to identify whether markets favor bulls or bears. When your best moves are bigger than your worst moves, conditions are bullish. When the opposite is true, conditions are bearish. Simple Interpretation: Ratio > 1.2 → Bullish regime (tail gains exceed tail losses) Ratio < 0.8 → Bearish regime (tail losses exceed tail gains) Between → Neutral/transitional Key Features Two Modes: Single Asset: Analyze current chart Multi-Asset: Aggregate regime across 5 assets with custom weights (great for gauging overall crypto/market conditions) Customizable: Lookback period (20-200 bars) Tail percentile (what counts as "extreme") Bullish/bearish thresholds 6 color schemes Optional MA smoothing Visual Signals: Buy/sell markers at threshold crosses Background regime coloring Info table with current values and confidence score Configurable alerts How to Use Choose lookback period based on your timeframe (40-60 bars is a good start) Watch for threshold crosses - these mark regime changes Check confidence score - higher = more reliable Use multi-asset mode to see if entire market is shifting (not just one coin) Best combined with: Trend indicators, support/resistance, volume analysis Parameters Lookback: More bars = smoother, less responsive Alpha (0.10): Defines extreme events - lower = more extreme Thresholds: Adjust based on asset volatility Return Type: Log returns recommended for most assets What Makes It Useful Unlike simple volatility measures, this shows asymmetry - whether extreme moves favor upside or downside. A ratio of 1.5 means your extreme gains are 50% larger than extreme losses - that's actionable information about risk-reward dynamics. Multi-asset aggregation is particularly powerful for crypto traders wanting to gauge if BTC, ETH, SOL, etc. are all showing similar regime characteristics. Disclaimer Educational tool only. Not financial advice. Use proper risk management. No indicator works in isolation - always consider broader market context. Developed by GForge Comments and feedback welcome! 👍
Pine Script® Indikator
von GForge
Candle Pattern Library [1CG]Candle Pattern Library A comprehensive and easy-to-use Pine Script™ library for detecting single, two, and three-candle patterns. This library provides detailed pattern analysis including size classification, direction validation, and specific pattern identification. Quick Start 1. Import the Library import OneCleverGuy/CandlePatternLibrary/1 as CPL 2. Analyze Candles Use the main analysis functions to detect patterns. You can analyze the current forming candle or confirmed historical candles. // 1. Analyze candles (Current , Previous , and the one before ) // Note: We use full variable names for clarity. CandleData candleNewest = CPL.analyzeCandle(open, high, low, close, 250, 50, 10, 50, 85) CandleData candleMiddle = CPL.analyzeCandle(open , high , low , close , 250, 50, 10, 50, 85) CandleData candleOldest = CPL.analyzeCandle(open , high , low , close , 250, 50, 10, 50, 85) // 2. Analyze multi-candle patterns // Pass candles in chronological order: Oldest -> Newest var twoCandleData = CPL.analyzeTwoCandlePattern(candleMiddle, candleNewest, 10, 85) var threeCandleData = CPL.analyzeThreeCandlePattern(candleOldest, candleMiddle, candleNewest) Enums Reference These are the Enum Types exported by the library. When checking results, use the pattern Alias.EnumType.Value (e.g., CPL.CandlePattern.Hammer). CandlePattern   Enum Type for single-candle formations.   Usage: CPL.CandlePattern.   Values:      Unknown : No specific pattern detected.      RegularBullish : A standard bullish candle.      RegularBearish : A standard bearish candle.      BullishMarubozu : Bullish candle with little to no wicks.      BearishMarubozu : Bearish candle with little to no wicks.      Hammer : Small body at the top of the range (bullish reversal).      ShootingStar : Small body at the bottom of the range (bearish reversal).      SpinningTop : Small body centered in the range.      Doji : Open and close are effectively equal.      LongLeggedDoji : Doji with long upper and lower wicks.      CrossDoji : Doji with the body in the upper section.      DragonflyDoji : Doji where open/close are at the high.      InvertedCrossDoji : Doji with the body in the lower section.      GravestoneDoji : Doji where open/close are at the low.      FourPriceDoji : Open, High, Low, and Close are all equal. TwoCandlePattern   Enum Type for two-candle formations.   Usage: CPL.TwoCandlePattern.   Values:      None : No two-candle pattern detected.      BullishEngulfingWeak : Bullish candle engulfs the previous body (close does not engulf range).      BullishEngulfingStrong : Bullish candle completely engulfs the previous body close outside range.      BearishEngulfingWeak : Bearish candle engulfs the previous body.      BearishEngulfingStrong : Bearish candle completely engulfs the previous body.      InsideBar : The second candle is completely contained within the first.      TweezerTop : Two candles with matching highs (bearish reversal).      TweezerBottom : Two candles with matching lows (bullish reversal).      BullishRailRoad : Two opposite Marubozus (Down -> Up).      BearishRailRoad : Two opposite Marubozus (Up -> Down). ThreeCandlePattern   Enum Type for three-candle formations.   Usage: CPL.ThreeCandlePattern.   Values:      None : No three-candle pattern detected.      ThreeWhiteSoldiers : Three consecutive bullish candles.      ThreeBlackCrows : Three consecutive bearish candles.      ThreeWhiteSoldiersWithBullishFVG : Three White Soldiers containing a Bullish FVG.      ThreeWhiteSoldiersWithBearishFVG : Three White Soldiers containing a Bearish FVG.      ThreeBlackCrowsWithBullishFVG : Three Black Crows containing a Bullish FVG.      ThreeBlackCrowsWithBearishFVG : Three Black Crows containing a Bearish FVG.      MorningStar : Bearish -> Small/Doji -> Bullish (Bullish Reversal).      EveningStar : Bullish -> Small/Doji -> Bearish (Bearish Reversal).      BullishAbandonedBaby : Morning Star with gaps between all candles.      BearishAbandonedBaby : Evening Star with gaps between all candles.      EngulfingSandwich : Bearish -> Bullish (Engulfing) -> Bearish (Inside).      BullishFairValueGap : A gap between Candle 1 High and Candle 3 Low.      BearishFairValueGap : A gap between Candle 1 Low and Candle 3 High. CandleSize   Enum Type for candle size classification.   Usage: CPL.CandleSize.   Values:      Short      Normal      Long CandleDirection   Enum Type for candle direction classification.   Usage: CPL.CandleDirection.   Values:      Bearish      Neutral      Bullish Function Reference Analysis Functions analyzeCandle(_open, _high, _low, _close, _avgSize, _sizeThresholdPct, _equivTolerance, _bodyTolerance, _positionThreshold)   analyzeCandle - Analyzes a single candle's OHLC data to determine its size, direction, and single-candle pattern.   Parameters:      _open (float) : (float) - Candle open price.      _high (float) : (float) - Candle high price.      _low (float) : (float) - Candle low price.      _close (float) : (float) - Candle close price.      _avgSize (float) : (float) - Baseline size (wick range) to compare against.      _sizeThresholdPct (float) : (float) - % difference from average to be considered Long/Short (e.g., 50.0).      _equivTolerance (float) : (float) - Absolute price diff for Close to equal Open (Doji checks).      _bodyTolerance (float) : (float) - Absolute price diff for "Small Body" checks.      _positionThreshold (int) : (int) - Int (0-100) determining valid wick ratios for Hammers/Shooting Stars (e.g., 85).   Returns: (CandleData) - CandleData object containing CandlePattern, CandleSize, CandleDirection. analyzeTwoCandlePattern(_candle1, _candle2, _equivTolerance, _positionThreshold)   analyzeTwoCandlePattern - Analyzes two consecutive candles to find pairs like Engulfing, Tweezers, or Inside Bars.   Parameters:      _candle1 (CandleData) : (CandleData) - The first (older) candle data (previous).      _candle2 (CandleData) : (CandleData) - The second (newer) candle data (current).      _equivTolerance (float) : (float) - Price tolerance for matching highs/lows (Tweezers).      _positionThreshold (int) : (int) - Threshold for wick validations.   Returns: (TwoCandleData) - TwoCandleData object containing TwoCandlePattern. analyzeThreeCandlePattern(_candle1, _candle2, _candle3)   analyzeThreeCandlePattern - Analyzes three consecutive candles to find complex patterns like Morning Stars, Abandoned Babies, or Three White Soldiers.   Parameters:      _candle1 (CandleData) : (CandleData) - The first (oldest) candle data.      _candle2 (CandleData) : (CandleData) - The second (middle) candle data.      _candle3 (CandleData) : (CandleData) - The third (newest) candle data.   Returns: (ThreeCandleData) - ThreeCandleData object containing ThreeCandlePattern. Naming Utilities getPatternName(_pattern)   getPatternName - Returns the string name of a candle pattern.   Parameters:      _pattern (CandlePattern) : (CandlePattern) - The candle pattern enum value.   Returns: (string) - Human-readable pattern name (e.g., "Hammer"). getTwoCandlePatternName(_pattern)   getTwoCandlePatternName - Returns the string name of a two-candle pattern.   Parameters:      _pattern (TwoCandlePattern) : (TwoCandlePattern) - The two-candle pattern enum value.   Returns: (string) - Human-readable pattern name (e.g., "Bullish Engulfing"). getThreeCandlePatternName(_pattern)   getThreeCandlePatternName - Returns the string name of a three-candle pattern.   Parameters:      _pattern (ThreeCandlePattern) : (ThreeCandlePattern) - The three-candle pattern enum value.   Returns: (string) - Human-readable pattern name (e.g., "Morning Star"). getSizeName(_size)   getSizeName - Returns the string name of a candle size.   Parameters:      _size (CandleSize) : (CandleSize) - The candle size enum value.   Returns: (string) - Human-readable size name ("Short", "Normal", or "Long"). getDirectionName(_direction)   getDirectionName - Returns the string name of a candle direction.   Parameters:      _direction (CandleDirection) : (CandleDirection) - The candle direction enum value.   Returns: (string) - Human-readable direction name ("Bullish", "Bearish", or "Neutral").
Pine Script® Bibliothek
von OneCleverGuy
Rainbow MA Cloud█ OVERVIEW Rainbow MA Cloud displays 8 Moving Averages as a gradient-colored cloud to visualize trend direction and strength. The "rainbow" effect shows momentum through ribbon width, while perfect MA alignment signals strong trending conditions. █ CONCEPTS The indicator uses 8 MAs with Fibonacci-based default lengths (8, 13, 21, 34, 55, 89, 144, 233) to create a layered view of price momentum across multiple timeframes. Perfect Alignment Detection: • Bullish Alignment — All 8 MAs in ascending order (MA1 > MA2 > ... > MA8) Indicates strong uptrend with momentum across all timeframes • Bearish Alignment — All 8 MAs in descending order (MA1 < MA2 < ... < MA8) Indicates strong downtrend with aligned selling pressure • Mixed — MAs are not in sequential order, suggesting consolidation or transition Ribbon Width: • Widening ribbon = Trend acceleration, increasing momentum • Narrowing ribbon = Trend weakening, potential reversal or consolidation █ FEATURES 1 — MA Configuration Choose from EMA, SMA, WMA, VWMA, or HMA calculation methods. All 8 MA lengths are fully customizable. 2 — Color Themes Five built-in themes: Rainbow, Warm, Cool, Neon, Mono. Creates visually distinct gradient from fast to slow MAs. 3 — Alignment Background Green background during bullish alignment. Red background during bearish alignment. Helps quickly identify strong trending periods. 4 — Trend Signals Labels appear when perfect alignment forms. "BULL ALIGN" for bullish, "BEAR ALIGN" for bearish. 5 — Information Panel Real-time display of alignment status, trend strength percentage, ribbon width, price position relative to cloud, and MA values. █ HOW TO USE Entry Signals: • Look for alignment signals (BULL/BEAR ALIGN) as trend confirmation • Enter long when bullish alignment forms with price above cloud • Enter short when bearish alignment forms with price below cloud Trend Following: • Stay in position while alignment background color persists • Widening ribbon confirms trend continuation • Exit or reduce when alignment breaks (background disappears) Support/Resistance: • Cloud edges act as dynamic support (bullish) or resistance (bearish) • Price entering cloud suggests consolidation or potential reversal █ LIMITATIONS • Alignment signals are lagging by nature (based on MA crossovers) • Works best on trending markets; generates mixed signals during ranging periods • Ribbon width measurement uses outer MAs only (MA1 vs MA8) █ COMPANION INDICATOR Use "Rainbow MA Width" indicator for detailed Z-Score analysis of ribbon expansion/contraction patterns.
Pine Script® Indikator
von viva_lee
Ripster Clouds + Saty Pivot + RVOL + Trend1. Ripster EMA Clouds (local + higher timeframe) Local timeframe (your chart TF): Plots up to 5 EMA clouds (8/9, 5/12, 34/50, 72/89, 180/200 – configurable). Each cloud is: One short EMA and one long EMA. A filled band between them. Color logic: Cloud is bullish when short EMA > long EMA (green/blue-ish tone). Bearish when short EMA < long EMA (red/orange/pink tone). You can choose: EMA vs SMA, Whether to show the lines, Per-cloud toggles. MTF Clouds: Two higher-timeframe EMA clouds: Cloud 1: 50/55 Cloud 2: 20/21 Computed on a higher TF (default D, but configurable). Show as thin lines + transparent bands. Used for: Visual higher-TF trend, Optional signal filter (MTF must agree for trades). 2. Saty Pivot Ribbon (time-warped EMAs) This is basically your Saty Pivot Ribbon integrated: Uses a “Time Warp” setting to overlay EMAs from another timeframe. EMAs: Fast, Pivot, Slow (defaults 8 / 21 / 34). Clouds: Fast cloud between fast & pivot EMAs. Slow cloud between pivot & slow EMAs. Bullish/bearish colors are distinct from Ripster colors. Optional highlights: Can highlight fast/pivot/slow lines separately. Conviction EMAs: 13 and 48 EMAs (configurable). When fast conviction EMA crosses over/under slow: You get triangle arrows (bullish/bearish conviction). Bias candles: If enabled, candles are recolored based on: Price vs Bias EMA, Candle up/down/doji, So you see bullish/bearish “bias” directly in candle colors. 3. DTR vs ATR panel (range vs average) In a small table panel (bottom-center by default): Computes higher-TF ATR (default 14, TF auto D/W/M, smoothing type selectable). Measures current range (high–low) on that TF. Displays: DTR: X vs ATR: Y Z% (+/-Δ% vs prev) Where: Z% = current range / ATR * 100. Δ% = change vs previous bar’s Z%. Background color: Greenish for low move (<≈70%), Red for high move (≥≈90%), Yellow in between, Slightly dimmed when price is below bias EMA. This tells you: “Is today an average, quiet, or explosive day compared to normal?” 4. SMA Divergence panel Separate histogram & line panel: Fast and slow SMAs (default 14 & 30). Computes price divergence vs SMA in %: % above/below slow SMA, % above/below fast SMA. Shows: Slow SMA divergence as a semi-transparent column, Fast SMA divergence as a solid column on top, EMA of the slow divergence (trend line) colored: Blue when rising, Orange/red when falling. Static upper/lower bands with fill, plus optional zero line. This gives you a feel for how stretched price is vs its anchors. 5. RVOL table (relative volume) Small 3×2 table (bottom-right by default): Inputs: Average length (default 50 bars), Optionally show previous candle RVOL. Calculates: RVOL now = volume / avg(volume N bars) * 100, RVOL prev, RVOL momentum (now – prev) for data window only. Table columns: Candle Vol, RVOL (Now), RVOL (Prev). Colors: 200% → “high RVOL” color, 100–200% → “medium RVOL” color, <100% → “low RVOL” color, Slightly dimmer if price is below bias EMA. This is used both visually and optionally as a signal filter (e.g., only trade when RVOL ≥ threshold). 6. Trend Dashboard (Price + 34/50 + 5/12) Top-right trend box with 3 rows: Price Action row: Uses either Bias EMA or custom EMA on close to say: Bullish (close > trend EMA), Bearish (close < trend EMA), Flat. Ripster 34/50 Cloud row: Uses 34/50 EMAs: bullish if 34>50, bearish if 34<50. Ripster 5/12 Cloud row: Uses 5/12 EMAs: bullish if 5>12, bearish if 5<12. Then it does a vote: Counts bullish votes (Price, 34/50, 5/12), Counts bearish votes, Depending on mode: Majority (2 of 3) or Strict (3 of 3). Output: Overall Bullish / Bearish / Sideways. You also get an optional label on the chart like Overall: Bullish trend with color, and an optional background tint (green/red for bull/bear). 7. VWAP + Buy/Sell Signals VWAP is plotted as a white line. Fast “trend” cloud mid: average of 5 & 12 EMAs. Slow “trend” cloud mid: average of 34 & 50 EMAs. Buy condition: 5/12 crosses above 34/50 (bullish cloud flip), Price > VWAP, Optional filter: MTF Cloud 1 bullish (50/55 on higher TF), Optional filter: RVOL >= threshold. Sell condition: 5/12 crosses below 34/50, Price < VWAP, Optional same filters but bearish. When conditions are met: Plots BUY triangle up below price (distinct teal/green tone). Plots SELL triangle down above price (distinct magenta/orange tone). Alert conditions are defined for: BUY / SELL signals, Overall Bullish / Bearish / Sideways change, MTF Cloud 1 trend flips. 8. Data Window metrics For easy backtesting / inspection via TradingView’s data window, it exposes: DTR% (Current) and DTR% Momentum, RVOL% (Now), RVOL% (Prev), RVOL% Momentum. TL;DR – What does this script do for you? It turns your chart into a multi-framework trend and momentum dashboard: Ripster EMA clouds for short/medium trend & S/R. Saty Ribbon for higher-TF pivot structure and conviction. RVOL + DTR/ATR for context (is this a big and well-participated move?). SMA divergence panel for overextension/stretch. A compact trend table that tells you Price vs 34/50 vs 5/12 in one glance. Buy/Sell markers + alerts when: short-term Ripster trend (5/12) flips over/under medium (34/50), price agrees with VWAP, plus optional filters (MTF trend and / or RVOL). Basically: it’s a trend + confirmation + context system wrapped into one indicator, with most knobs configurable in the settings.
Pine Script® Indikator
von chandrashekar_thippani
Momentum by Trading BiZonesSqueeze Momentum Indicator with EMA Overview The Squeeze Momentum Indicator with EMA is a powerful technical analysis tool that combines the original Squeeze Momentum concept with an Exponential Moving Average (EMA) overlay. This enhanced version helps traders identify market momentum, volatility contractions (squeezes), and potential trend reversals with greater precision. Core Concept The indicator operates on the principle of volatility contraction and expansion: Squeeze Phase: When Bollinger Bands move inside the Keltner Channel, indicating low volatility and potential energy buildup Expansion Phase: When momentum breaks out of the squeeze, signaling potential directional moves Key Components 1. Squeeze Momentum Calculation Formula: Momentum = Linear Regression(Close - Average Price) Where Average Price = (Highest High + Lowest Low + SMA(Close)) / 3 Visualization: Histogram bars showing positive (green) and negative (red) momentum Zero Line: Represents equilibrium point between buyers and sellers 2. EMA Overlay Purpose: Smooths momentum values to identify underlying trends Customization: Adjustable period (default: 20) Toggle on/off display Customizable color and line thickness Cross Signals: Buy/sell signals when momentum crosses above/below EMA 3. Volatility Bands Bollinger Bands (20-period, 2 standard deviations) Keltner Channels (20-period, 1.5 ATR multiplier) Squeeze Detection: Visual background shading when BB are inside KC Trading Signals Buy Signals (Green Upward Triangle) Momentum histogram crosses ABOVE EMA line Occurs during or after squeeze release Confirmed by expanding histogram bars Sell Signals (Red Downward Triangle) Momentum histogram crosses BELOW EMA line Often precedes market downturns Watch for increasing negative momentum Squeeze Warnings (Gray Background) Market in low volatility state Prepare for potential breakout Direction indicated by momentum bias Indicator Settings Main Parameters Length: Period for calculations (default: 20) Show EMA: Toggle EMA visibility EMA Period: Smoothing period for EMA Visual Settings Histogram color-coding based on momentum direction EMA line color and thickness Signal marker size and visibility Squeeze zone background display Practical Applications Trend Identification Uptrend: Consistently positive momentum with EMA support Downtrend: Consistently negative momentum with EMA resistance Range-bound: Oscillating around zero line Entry/Exit Points Conservative Entry: Wait for squeeze release + EMA crossover Aggressive Entry: Anticipate breakout during squeeze Exit: Opposite crossover or momentum divergence Risk Management Use squeeze zones as warning periods EMA crossovers as confirmation signals Combine with support/resistance levels Advanced Interpretation Momentum Strength Strong Bullish: Tall green bars above EMA Weak Bullish: Short green bars near EMA Strong Bearish: Tall red bars below EMA Weak Bearish: Short red bars near EMA Divergence Detection Price makes higher high, momentum makes lower high → Bearish divergence Price makes lower low, momentum makes higher low → Bullish divergence Squeeze Characteristics Long squeezes: More potential energy Frequent squeezes: Choppy market conditions No squeezes: High volatility, trending markets Recommended Timeframes Scalping: 1-15 minute charts Day Trading: 15-minute to 4-hour charts Swing Trading: 4-hour to daily charts Position Trading: Daily to weekly charts Best Practices Confirmation Use with volume indicators Check higher timeframe direction Wait for candle close confirmation Filtering Signals Ignore signals during extreme volatility Require minimum bar size for crossovers Consider market context (news, sessions) Combination Suggestions With RSI: Confirm overbought/oversold conditions With Volume Profile: Identify high-volume nodes With Support/Resistance: Key level reactions With Trend Lines: Breakout confirmations Limitations Lagging indicator (based on past data) Works best in trending markets May give false signals in ranging markets Requires proper risk management Conclusion The Squeeze Momentum Indicator with EMA provides a comprehensive view of market dynamics by combining volatility analysis, momentum measurement, and trend smoothing. Its visual clarity and customizable parameters make it suitable for traders of all experience levels seeking to identify high-probability trading opportunities during volatility contractions and expansions.
Pine Script® Indikator
von Forex_BiZones
HTF Frequency Zone [BigBeluga]🔵 OVERVIEW HTF Frequency Zone highlights the dominant price level (Point of Control) and the full high–low expansion of any higher timeframe — Daily, Weekly, or Monthly. It captures the frequency of closes inside each HTF candle and plots the most traded “frequency zone”, allowing traders to easily see where price spent the most time and where buy/sell pressure accumulated. This tool transforms each higher-timeframe bar into a fully visualized structure: • Top = HTF high • Bottom = HTF low • Midline = HTF Frequency POC • Color-coded zones = bullish or bearish bias • Labels = counts of bullish and bearish candles inside the HTF range It is designed to give traders an immediate understanding of high-timeframe balance, imbalance, and price attraction zones. 🔵 CONCEPTS HTF Partitioning — Each Weekly/Daily/Monthly candle is converted into a dedicated zone with its own High, Low, and Frequency Point of Control. Frequency POC (Most Touched Price) — The indicator divides the HTF range into 100 bins and counts how many times price closed near each level. Dominant Zone — The level with the highest frequency becomes the HTF “Value Zone,” plotted as a bold central line. Directional Bias — • Bullish HTF zone • Bearish HTF zone Internal Candle Counting — Within each HTF period the indicator counts: • Buy candles (close > open) • Sell candles (close < open) This reveals whether intraperiod flow was bullish or bearish. HTF Structure Blocks — High, Low, and POC are connected across the entire higher-timeframe duration, showing the real shape of HTF balance. 🔵 FEATURES Automatic HTF Zone Construction — Generates a complete price zone every time the selected timeframe flips (Daily / Weekly / Monthly). Dynamic High & Low Extraction — The indicator scans every bar inside the HTF window to find true extremes of the range. 100-Level Frequency Scan — Each close within the period is assigned to a bin, creating a detailed distribution of price interaction. HTF POC Highlighting — The most frequent price level is plotted with a bold red line for immediate visual clarity. Bull/Bear Coloring — • Green → Bullish HTF zone. • Orange → Bearish HTF zone. Zone Shading — High–Low range is filled with a semi-transparent color matching trend direction. Buy/Sell Candle Counters — Printed at the top and bottom of each HTF block, showing how many internal candles were bullish or bearish. POC Label — Displays frequency count (how many touches) at the POC level. Adaptive Threshold Warning — If bars inside the HTF window are too few (<10), the indicator warns the trader to switch timeframe. 🔵 HOW TO USE Higher-Timeframe Biasing — Read the zone color to determine if the HTF candle leaned bullish or bearish. Value Zone Reactions — Price often reacts to the Frequency POC; use it as support/resistance or liquidity magnet. Range Context — Identify when price is trading near HTF highs (breakout potential) or lows (reversal potential). Momentum Evaluation — More bullish internal candles = internal buying pressure; more bearish = internal selling pressure. Swing Trading — Use HTF zones as the “macro map,” then execute trades on lower timeframes aligned with the zone structure. Liquidity Awareness — The HTF POC often aligns with algorithmic liquidity levels, making it a strong reaction point. 🔵 CONCLUSION HTF Frequency Zone transforms raw higher-timeframe candles into detailed distribution zones that reveal true market behavior inside the HTF structure. By showing highs, lows, buying/selling activity, and the most interacted price level (Frequency POC), this tool becomes invaluable for traders who want to align executions with powerful HTF levels, liquidity magnets, and structural zones.
Pine Script® Indikator
von BigBeluga
3
[CT] ATR Ratio MTFThis indicator is an enhanced, multi-timeframe version of the original “ATR ratio” by RafaelZioni. Huge thanks to RafaelZioni for the core concept and base logic. The script still combines an ATR-based ratio (Z-score style reading of where price sits within its recent ATR envelope) with an ATR Supertrend, but expands it into a more flexible trade-decision and visual context tool. The ATR ratio is normalized so you can quickly see when price is pressing into extended bullish or bearish territory, while the Supertrend defines directional bias and a dynamic support-resistance trail. You can choose any higher timeframe in the settings, allowing you to run the ATR ratio and Supertrend from a larger anchor timeframe while trading on a lower chart. Upgrades include a full Pine Script v6 rewrite, multi-timeframe support for both the ATR ratio and Supertrend, user-controlled colors for the Supertrend in bull and bear modes, and optional bar coloring so price bars automatically reflect Supertrend direction. Entry, pyramiding and take-profit logic from the original script are preserved, giving you a familiar framework with more control over timeframe, visuals and trend bias. This indicator is designed to give you a clean directional framework that blends volatility, trend, and timing into one view. The ATR ratio side of the script shows you where price sits inside a recent ATR-based envelope. When the ATR ratio pushes up and sustains above the bullish threshold, it signals that price is trading in an extended, momentum-driven zone relative to recent volatility. When it drops and holds below the bearish threshold, it shows the opposite: sellers have pushed price down into an extended bearish zone. The optional background coloring simply makes these bullish and bearish environments easier to see at a glance. On top of that, the Supertrend and bar colors tell you what side of the market to favor. The Supertrend is calculated from ATR on whatever timeframe you choose in the settings. If you set the MTF input to a higher timeframe, the Supertrend and ATR ratio become your higher time frame bias while you trade on a lower chart. When price is above the MTF Supertrend, the line uses your bullish color and, if bar coloring is enabled, candles adopt your bullish bar color. That is your “long only” environment: you generally look for buys when price is above the Supertrend and the ATR ratio is either turning up from neutral or already in a bullish zone. When price is below the MTF Supertrend, the line uses your bearish color and candles can shift to your bearish bar color; that is where you focus on shorts, especially when the ATR ratio is rolling over or holding in the bearish zone. The built-in long and short conditions are meant as signal prompts, not rigid rules. Long signals fire when the ATR ratio crosses up through a positive level while the Supertrend is bullish. Short signals fire when the ATR ratio crosses down through a negative level while the Supertrend is bearish. The script tracks how many longs or shorts have been taken in sequence (pyramiding) and will only allow a new signal up to the limit you set, so you can control how aggressively you stack positions in a trend. The take-profit logic then watches the percentage move from your last entry and flags “TP” when that move has reached your take-profit percent, helping you standardize exits instead of eyeballing them bar by bar. In practice you typically start by choosing your anchor timeframe for the MTF setting, for example a 1-hour or 4-hour Supertrend and ATR ratio while watching a 5-minute or 15-minute chart. You then use the Supertrend direction and bar colors as your bias filter, only taking signals in the direction of the trend, and you use the ATR ratio behavior to judge whether you are entering into strength, fading an extreme, or trading inside a neutral consolidation. Over time this gives you a consistent way to answer three questions on every chart: which side am I allowed to trade, how extended is price within its recent volatility, and where are my structured entries and exits based on that framework.
Pine Script® Indikator
von ChaosTrader63