Standardized Median Proximity [AlgoAlpha]Introducing the Standardized Median Proximity by AlgoAlpha 🚀📊 – a dynamic tool designed to enhance your trading strategy by analyzing price fluctuations relative to the median value. This indicator is built to provide clear visual cues on the price deviation from its median, allowing for a nuanced understanding of market trends and potential reversals.
🔍 Key Features:
1. 📈 Median Tracking: At the core of this indicator is the calculation of the median price over a specified lookback period. By evaluating the current price against this median, the indicator provides a sense of whether the price is trending above or below its recent median value.
medianValue = ta.median(priceSource, lookbackLength)
2. 🌡️ Normalization of Price Deviation: The deviation of the price from the median is normalized using standard deviation, ensuring that the indicator's readings are consistent and comparable across different time frames and instruments.
standardDeviation = ta.stdev(priceDeviation, 45)
normalizedValue = priceDeviation / (standardDeviation + standardDeviation)
3. 📌 Boundary Calculations: The indicator sets upper and lower boundaries based on the normalized values, helping to identify overbought and oversold conditions.
upperBoundary = ta.ema(positiveValues, lookbackLength) + ta.stdev(positiveValues, lookbackLength) * stdDevMultiplier
lowerBoundary = ta.ema(negativeValues, lookbackLength) - ta.stdev(negativeValues, lookbackLength) * stdDevMultiplier
4. 🎨 Visual Appeal and Clarity: With carefully chosen colors, the plots provide an intuitive and clear representation of market states. Rising trends are indicated in a shade of green, while falling trends are shown in red.
5. 🚨 Alert Conditions: Stay ahead of market movements with customizable alerts for trend shifts and impulse signals, enabling timely decisions.
alertcondition(ta.crossover(normalizedValue, 0), "Bullish Trend Shift", "Median Proximity Crossover Zero Line")
🔧 How to Use:
- 🎯 Set your preferred lookback lengths and standard deviation multipliers to tailor the indicator to your trading style.
- 💹 Utilize the boundary plots to understand potential overbought or oversold conditions.
- 📈 Analyze the color-coded column plots for quick insights into the market's direction relative to the median.
- ⏰ Set alerts to notify you of significant trend changes or conditions that match your trading criteria.
Basic Logic Explained:
- The indicator first calculates the median of the selected price source over your chosen lookback period. This median serves as a baseline for measuring price deviation.
- It then standardizes this deviation by dividing it by the standard deviation of the price deviation over a 45-period lookback, creating a normalized value.
- Upper and lower boundaries are computed using the exponential moving average (EMA) and standard deviation of these normalized values, adjusted by your selected multiplier.
- Finally, color-coded plots provide a visual representation of these calculations, offering at-a-glance insights into market conditions.
Remember, while this tool offers valuable insights, it's crucial to use it as part of a comprehensive trading strategy, complemented by other analysis and indicators. Happy trading!
🚀
Technische Analyse
Volume-Trend Sentiment (VTS) [AlgoAlpha]Introducing the Volume-Trend Sentiment by AlgoAlpha, a unique tool designed for traders who seek a deeper understanding of market sentiment through volume analysis. This innovative indicator offers a comprehensive view of market dynamics, blending volume trends with price action to provide an insightful perspective on market sentiment. 🚀📊
Key Features:
1. 🌟 Dual Trend Analysis: This indicator combines the concepts of price movement and volume, offering a multi-dimensional view of market sentiment. By analyzing the relationship between the closing and opening prices relative to volume, it provides a nuanced understanding of market dynamics.
2. 🎨 Customizable Settings: Flexibility is at the core of this indicator. Users can adjust various parameters such as the length of the volume trend, standard deviation, and SMA length, ensuring a tailored experience to match individual trading strategies.
3. 🌈 Visual Appeal: With options to display noise, the main plot, and background colors, the indicator is not only informative but also visually engaging. Users can choose their preferred colors for up and down movements, making the analysis more intuitive.
4. ⚠️ Alerts for Key Movements: Stay ahead of market changes with built-in alert conditions. These alerts notify traders when the Volume-Trend Sentiment crosses above or below the midline, signaling potential shifts in market momentum.
How It Works:
The core of the indicator is the calculation of the Volume-Trend Sentiment (VTS). It is computed by subtracting a double-smoothed Exponential Moving Average (EMA) of the price-volume ratio from a single EMA of the same ratio. This method highlights the trend in volume relative to price changes.
volumeTrend = ta.ema((close - open) / volume, volumeTrendLength) - ta.ema(ta.ema((close - open) / volume, volumeTrendLength), volumeTrendLength)
To manage volatility and noise in the volume trend, the indicator employs a standard deviation calculation and a Simple Moving Average (SMA). This smoothing process helps in identifying the true underlying trend by filtering out extreme fluctuations.
standardDeviation = ta.stdev(volumeTrend, standardDeviationLength) * 1
smoothedVolumeTrend = ta.sma(volumeTrend / (standardDeviation + standardDeviation), smaLength)
A unique feature is the dynamic background color, which changes based on the sentiment level. This visual cue instantly communicates the market's bullish or bearish sentiment, enhancing the decision-making process.
getColor(volumeTrendValue) =>
sentimentLevel = math.abs(volumeTrendValue * 10)
baseTransparency = 60 // Base transparency level
colorTransparency = math.max(90 - sentimentLevel * 5, baseTransparency)
volumeTrendValue > 0 ? color.new(upColor, colorTransparency) : color.new(downColor, colorTransparency)
bgcolor(showBackgroundColor ? getColor(smoothedVolumeTrend) : na)
In summary, the Volume-Trend Sentiment by AlgoAlpha is a comprehensive tool that enhances market analysis through a unique blend of volume and price trends. Whether you're a seasoned trader or just starting out, this indicator offers valuable insights into market sentiment and helps in making informed trading decisions. 📈📉🔍🌐
Median Proximity Percentile [AlgoAlpha]📊🚀 Introducing the "Median Proximity Percentile" by AlgoAlpha, a dynamic and sophisticated trading indicator designed to enhance your market analysis! This tool efficiently tracks median price proximity over a specified lookback period and finds it's percentile between 2 dynamic standard deviation bands, offering valuable insights for traders looking to make informed decisions.
🌟 Key Features:
Color-Coded Visuals: Easily interpret market trends with color-coded plots indicating bullish or bearish signals.
Flexibility: Customize the indicator with your preferred price source and lookback lengths to suit your trading strategy.
Advanced Alert System: Stay ahead with customizable alerts for key trend shifts and market conditions.
🔍 Deep Dive into the Code:
Choose your preferred price data source and define lookback lengths for median and EMA calculations. priceSource = input.source(close, "Source") and lookbackLength = input.int(21, minval = 1, title = "Lookback Length")
Calculate median value, price deviation, and normalized value to analyze market position relative to the median. medianValue = ta.median(priceSource, lookbackLength)
Determine upper and lower boundaries based on standard deviation and EMA. upperBoundary = ta.ema(positiveValues, lookbackLength) + ta.stdev(positiveValues, lookbackLength) * stdDevMultiplier
lowerBoundary = ta.ema(negativeValues, lookbackLength) - ta.stdev(negativeValues, lookbackLength) * stdDevMultiplier
Compute the percentile value to track market position within these boundaries. percentileValue = 100 * (normalizedValue - lowerBoundary)/(upperBoundary - lowerBoundary) - 50
Enhance your analysis with Hull Moving Average (HMA) for smoother trend identification. emaValue = ta.hma(percentileValue, emaLookbackLength)
Visualize trends with color-coded plots and characters for easy interpretation. plotColor = percentileValue > 0 ? colorUp : percentileValue < 0 ? colorDown : na
Set up advanced alerts to stay informed about significant market movements. // Alerts
alertcondition(ta.crossover(emaValue, 0), "Bullish Trend Shift", "Median Proximity Percentile Crossover Zero Line")
alertcondition(ta.crossunder(emaValue, 0), "Bearish Trend Shift", "Median Proximity Percentile Crossunder Zero Line")
alertcondition(ta.crossunder(emaValue,emaValue ) and emaValue > 90, "Bearish Reversal", "Median Proximity Percentile Bearish Reversal")
alertcondition(ta.crossunder(emaValue ,emaValue) and emaValue < -90, "Bullish Reversal", "Median Proximity Percentile Bullish Reversal")
🚨 Remember, the "Median Proximity Percentile " is a tool to aid your analysis. It’s essential to combine it with other analysis techniques and market understanding for best results. Happy trading! 📈📉
Momentum Bias Index [AlgoAlpha]Description:
The Momentum Bias Index by AlgoAlpha is designed to provide traders with a powerful tool for assessing market momentum bias. The indicator calculates the positive and negative bias of momentum to gauge which one is greater to determine the trend.
Key Features:
Comprehensive Momentum Analysis: The script aims to detect momentum-trend bias, typically when in an uptrend, the momentum oscillator will oscillate around the zero line but will have stronger positive values than negative values, similarly for a downtrend the momentum will have stronger negative values. This script aims to quantify this phenomenon.
Overlay Mode: Traders can choose to overlay the indicator on the price chart for a clear visual representation of market momentum.
Take-profit Signals: The indicator includes signals to lock in profits, they appear as labels in overlay mode and as crosses when overlay mode is off.
Impulse Boundary: The script includes an impulse boundary, the impulse boundary is a threshold to visualize significant spikes in momentum.
Standard Deviation Multiplier: Users can adjust the standard deviation multiplier to increase the noise tolerance of the impulse boundary.
Bias Length Control: Traders can customize the length for evaluating bias, enabling them to fine-tune the indicator according to their trading preferences. A higher length will give a longer-term bias in trend.
BTC Supply in Profits and Losses (BTCSPL) [AlgoAlpha]Description:
🚨The BTC Supply in Profits and Losses (BTCSPL) indicator, developed by AlgoAlpha, offers traders insights into the distribution of INDEX:BTCUSD addresses between profits and losses based on INDEX:BTCUSD on-chain data.
Features:
🔶Alpha Decay Adjustment: The indicator provides the option to adjust the data against Alpha Decay, this compensates for the reduction in clarity of the signal over time.
🔶Rolling Change Display: The indicator enables the display of the rolling change in the distribution of Bitcoin addresses between profits and losses, aiding in identifying shifts in market sentiment.
🔶BTCSPL Value Score: The indicator optionally displays a value score ranging from -1 to 1, traders can use this to carry out strategic dollar cost averaging and reverse dollar cost averaging based on the implied value of bitcoin.
🔶Reversal Signals: The indicator gives long-term reversal signals denoted as "▲" and "▼" for the price of bitcoin based on oversold and overbought conditions of the BTCSPL.
🔶Moving Average Visualization: Traders can choose to display a moving average line, allowing for better trend identification.
How to Use ☝️ (summary):
Alpha Decay Adjustment: Toggle this option to enable or disable Alpha Decay adjustment for a normalized representation of the data.
Moving Average: Toggle this option to show or hide the moving average line, helping traders identify trends.
Short-Term Trend: Enable this option to display the short-term trend based on the Aroon indicator.
Rolling Change: Choose this option to visualize the rolling change in the distribution between profits and losses.
BTCSPL Value Score: Activate this option to show the BTCSPL value score, ranging from -1 to 1, 1 implies that bitcoin is extremely cheap(buy) and -1 implies bitcoin is extremely expensive(sell).
Reversal Signals: Gives binary buy and sell signals for the long term
Volume Exhaustion [AlgoAlpha]Introducing the Volume Exhaustion by AlgoAlpha, is an innovative tool that aims to identify potential exhaustion or peaks in trading volume , which can be a key indicator for reversals or continuations in market trends 🔶.
Key Features:
Signal Plotting : A special feature is the plotting of 'Release' signals, marked by orange diamonds, indicating points where the exhaustion index crosses under its previous value and is above a certain boundary. This could signify critical market points 🚨.
Calculation Length Customization : Users can adjust the calculation and Signal lengths to suit their trading style, allowing for flexibility in analysis over different time periods. ☝️
len = input(50, "Calculation Length")
len2 = input(8, "Signal Length")
Visual Appeal : The script offers customizable colors (col for the indicator and col1 for the background) enhancing the visual clarity and user experience 💡.
col = input.color(color.white, "Indicator Color")
col1 = input.color(color.gray, "Background Color")
Advanced Volume Processing : At its core, the script utilizes a combination of Hull Moving Average (HMA) and Exponential Moving Average (EMA) applied to the volume data. This sophisticated approach helps in smoothing out the volume data and reducing lag.
sv = ta.hma(volume, len)
ssv = ta.hma(sv, len)
Volume Exhaustion Detection : The script calculates the difference between the volume and its smoothed version, normalizing this value to create an exhaustion index (fff). Positive values of this index suggest potential volume exhaustion.
f = sv-ssv
ff = (f) / (ta.ema(ta.highest(f, len) - ta.lowest(f, len), len)) * 100
fff = ff > 0 ? ff : 0
Boundary and Zero Line : The script includes a boundary line (boundary) and a zero line (zero), with the area between them filled for enhanced visual interpretation. This helps in assessing the relative position of the exhaustion index.
Customizable Background : The script colors the background of the chart for better readability and to distinguish the indicator’s area clearly.
Overall, Volume Exhaustion is designed for traders who focus on volume analysis. It provides a unique perspective on volume trends and potential exhaustion points, which can be crucial for making informed trading decisions. This script is a valuable addition for traders looking to enhance their trading experience with advanced volume analysis tools.
Squeeze & Release [AlgoAlpha]Introduction:
💡The Squeeze & Release by AlgoAlpha is an innovative tool designed to capture price volatility dynamics using a combination of EMA-based calculations and ATR principles. This script aims to provide traders with clear visual cues to spot potential market squeezes and release scenarios. Hence it is important to note that this indicator shows information on volatility, not direction.
Core Logic and Components:
🔶EMA Calculations: The script utilizes the Exponential Moving Average (EMA) in multiple ways to smooth out the data and provide indicator direction. There are specific lengths for the EMAs that users can modify as per their preference.
🔶ATR Dynamics: Average True Range (ATR) is a core component of the script. The differential between the smoothed ATR and its EMA is used to plot the main line. This differential, when represented as a percentage of the high-low range, provides insights into volatility.
🔶Squeeze and Release Detection: The script identifies and highlights squeeze and release scenarios based on the crossover and cross-under events between our main line and its smoothed version. Squeezes are potential setups where the market may be consolidating, and releases indicate a potential breakout or breakdown.
🔶Hyper Squeeze Detection: A unique feature that detects instances when the main line is rising consistently over a user-defined period. Hyper squeeze marks areas of extremely low volatility.
Visual Components:
The main line (ATR-based) changes color depending on its position relative to its EMA.
A middle line plotted at zero level which provides a quick visual cue about the main line's position. If the main line is above the zero level, it indicates that the price is squeezing on a longer time horizon, even if the indicator indicates a shorter-term release.
"𝓢" and "𝓡" characters are plotted to represent 'Squeeze' and 'Release' scenarios respectively.
Standard Deviation Bands are plotted to help users gauge the extremity and significance of the signal from the indicator, if the indicator is closer to either the upper or lower deviation bands, this means that statistically, the current value is considered to be more extreme and as it is further away from the mean where the indicator is oscillating at for the majority of the time. Thus indicating that the price has experienced an unusual amount or squeeze or release depending on the value of the indicator.
Usage Guidelines:
☝️Traders can use the script to:
Identify potential consolidation (squeeze) zones.
Gauge potential breakout or breakdown scenarios (release).
Fine-tune their entries and exits based on volatility.
Adjust the various lengths provided in the input for better customization based on individual trading styles and the asset being traded.
Trend Flow Profile [AlgoAlpha]Description:
The "Trend Flow Profile" indicator is a powerful tool designed to analyze and interpret the underlying trends and reversals in a financial market. It combines the concepts of Order Flow and Rate of Change (ROC) to provide valuable insights into market dynamics, momentum, and potential trade opportunities. By integrating these two components, the indicator offers a comprehensive view of market sentiment and price movements, facilitating informed trading decisions.
Rationale:
The combination of Order Flow and ROC in the "Trend Flow Profile" indicator stems from the recognition that both factors play critical roles in understanding market behavior. Order Flow represents the net buying or selling pressure in the market, while ROC measures the rate at which prices change. By merging these elements, the indicator captures the interplay between market participants' actions and the momentum of price movements, enabling traders to identify trends, spot reversals, and gauge the strength of price acceleration or deceleration.
Calculation:
The Order Flow component is computed by summing the volume when prices move up and subtracting the volume when prices move down. This cumulative measure reflects the overall order imbalance in the market, providing insights into the dominant buying or selling pressure.
The ROC component calculates the percentage change in price over a given period. It compares the current price to a previous price and expresses the change as a percentage. This measurement indicates the velocity and direction of price movement, allowing traders to assess the market's momentum.
How to Use It?
The "Trend Flow Profile" indicator offers valuable information to traders for making informed trading decisions. It enables the identification of underlying trends and potential reversals, providing a comprehensive view of market sentiment and momentum. Here are some key ways to utilize the indicator:
Spotting Trends: The indicator helps identify the prevailing market trend, whether bullish or bearish. A consistent positive (green) histogram indicates a strong uptrend, while a consistent negative (red) histogram suggests a robust downtrend.
Reversal Signals: Reversal patterns can be identified when the histogram changes color, transitioning from positive to negative (or vice versa). These reversals can signify potential turning points in the market, highlighting opportunities for counter-trend trades.
Momentum Assessment: By observing the width and intensity of the histogram, traders can assess the acceleration or deceleration of price momentum. A wider histogram suggests strong momentum, while a narrower histogram indicates a potential slowdown.
Utility:
The "Trend Flow Profile" indicator serves as a valuable tool for traders, providing several benefits. Traders can easily identify the prevailing market trend, enabling them to align their trading strategies with the dominant direction of the market. The indicator also helps spot potential reversals, allowing traders to anticipate market turning points and capture counter-trend opportunities. Additionally, the green and red histogram colors provide visual cues to determine the optimal duration of a long or short position. Following the green histogram signals when in a long position and the red histogram signals when in a short position can assist traders in managing their trades effectively. Moreover, the width and intensity of the histogram offer insights into the acceleration or deceleration of momentum. Traders can gauge the strength of price movements and adjust their trading strategies accordingly. By leveraging the "Trend Flow Profile" indicator, traders gain a comprehensive understanding of market dynamics, which enhances their decision-making and improves their overall trading outcomes.
Peak & Valley Levels [AlgoAlpha]The Peak & Valley Levels indicator is a sophisticated script designed to pinpoint key support and resistance levels in the market. By utilizing candle length and direction, it accurately identifies potential reversal points, offering traders valuable insights for their strategies.
Core Components:
Peak and Valley Detection: The script recognizes peaks and valleys in price action. Peaks (potential resistance levels) are identified when a candle is longer than the previous one, changes direction, and closes lower, especially on lower volume. Valleys (potential support levels) are detected under similar conditions but with the candle closing higher.
Color-Coded Visualization:
Red lines mark resistance levels, signifying peaks in the price action.
Green lines indicate support levels, representing valleys.
Dynamic Level Adjustment: The script adapts these levels based on ongoing market movements, enhancing their relevance and accuracy.
Rejection Functions:
Bullish Rejection: Determines if a candlestick pattern rejects a level as potential support.
Bearish Rejection: Identifies if a pattern rejects a level as possible resistance.
Usage and Strategy Integration:
Visual Aid for Support and Resistance: The indicator is invaluable for visualizing key market levels where price reversals may occur.
Entry and Exit Points: Traders can use the identified support and resistance levels to fine-tune entry and exit points in their trading strategies.
Trend Reversal Signals: The detection of peaks and valleys serves as an early indicator of potential trend reversals.
Application in Trading:
Versatile for Various Trading Styles: This indicator can be applied across different trading styles, including swing trading, scalping, or trend-following approaches.
Complementary Tool: For best results, it should be used alongside other technical analysis tools to confirm trading signals and strategies.
Customization and Adaptability: Traders are encouraged to experiment with different settings and timeframes to tailor the indicator to their specific trading needs and market conditions.
In summary, the Peak & Valley Levels by AlgoAlpha is a dynamic and adaptable tool that enhances a trader’s ability to identify crucial market levels. Its integration of candlestick analysis with dynamic level adjustment offers a robust method for spotting potential reversal points, making it a valuable addition to any trader's toolkit.
Machine Learning: Trend Pulse⚠️❗ Important Limitations: Due to the way this script is designed, it operates specifically under certain conditions:
Stocks & Forex : Only compatible with timeframes of 8 hours and above ⏰
Crypto : Only works with timeframes starting from 4 hours and higher ⏰
❗Please note that the script will not work on lower timeframes.❗
Feature Extraction : It begins by identifying a window of past price changes. Think of this as capturing the "mood" of the market over a certain period.
Distance Calculation : For each historical data point, it computes a distance to the current window. This distance measures how similar past and present market conditions are. The smaller the distance, the more similar they are.
Neighbor Selection : From these, it selects 'k' closest neighbors. The variable 'k' is a user-defined parameter indicating how many of the closest historical points to consider.
Price Estimation : It then takes the average price of these 'k' neighbors to generate a forecast for the next stock price.
Z-Score Scaling: Lastly, this forecast is normalized using the Z-score to make it more robust and comparable over time.
Inputs:
histCap (Historical Cap) : histCap limits the number of past bars the script will consider. Think of it as setting the "memory" of model—how far back in time it should look.
sampleSpeed (Sampling Rate) : sampleSpeed is like a time-saving shortcut, allowing the script to skip bars and only sample data points at certain intervals. This makes the process faster but could potentially miss some nuances in the data.
winSpan (Window Size) : This is the size of the "snapshot" of market data the script will look at each time. The window size sets how many bars the algorithm will include when it's measuring how "similar" the current market conditions are to past conditions.
All these variables help to simplify and streamline the k-NN model, making it workable within limitations. You could see them as tuning knobs, letting you balance between computational efficiency and predictive accuracy.
MACD Bands - Multi Timeframe [TradeMaster Lite]We present a customizable MACD indicator, with the following features:
Multi-timeframe
Deviation bands to spot unusual volatility
9 Moving Average types
Conditional coloring and line crossings
👉 What is MACD?
MACD is a classic, trend-following indicator that uses moving averages to identify changes in momentum. It can be used to identify trend changes, overbought and oversold conditions, and potential reversals.
👉 Multi-timeframe:
This feature allows to analyze the same market data on multiple time frames, which can be in help to identify trends and patterns that would not be visible on a single time frame. When using the multi-timeframe feature, it is important to start with the higher time frame and then look for confirmation on the lower time frames. This will help you to avoid false signals. Please note that only timeframes higher than the chart timeframe is supported currently with this feature enabled. Might get updated in the future.
👉 Deviation bands to spot unusual volatility:
Deviation bands are plotted around the Signal line that can be in help to identify periods of unusual volatility. When the MACD line crosses outside of the deviation bands, it suggests that the market is becoming more volatile and a strong trend may form in that direction.
👉 9 Moving Average types can be used in the script. Each type of moving average offers a unique perspective and can be used in different scenarios to identify market trends.
SMA (Simple Moving Average): This calculates the average of a selected range of values, by the number of periods in that range.
SMMA (Smoothed Moving Average): This takes into account all data available and assigns equal weighting to the values.
EMA (Exponential Moving Average): This places a greater weight and significance on the most recent data points.
DEMA (Double Exponential Moving Average): This is a faster-moving average that uses a proprietary calculation to reduce the lag in data points.
TEMA (Triple Exponential Moving Average): This is even quicker than the DEMA, helping traders respond more quickly to changes in trend.
LSMA (Least Squares Moving Average): This moving average applies least squares regression method to determine the future direction of the trend.
HMA (Hull Moving Average): This moving average is designed to reduce lag and improve smoothness, providing quicker signals for short-term market movements.
VWMA (Volume Weighted Moving Average): This assigns more weight to candles with a high volume, reflecting the true average values more accurately in high volume periods.
WMA (Weighted Moving Average): This assigns more weight to the latest data, but not as much as the EMA.
👉 Conditional coloring :
This feature colors the MACD line line based on it's direction and fills the area between the MACD line and Deviation band edges to highlight the potential volatility and the strength of the momentum. This can be useful to identify when the market is trending strongly and when it is in a more neutral or choppy state.
👉 MACD Line - Signal Line crossings:
This is a classic MACD trading signal that occurs when the MACD line crosses above or below the signal line. Crossovers can be used to identify potential trend reversals. This can be a bullish or bearish signal, depending on the direction of the crossover.
👉 General advice
Confirming Signals with other indicators:
As with all technical indicators, it is important to confirm potential signals with other analytical tools, such as support and resistance levels, as well as indicators like RSI, MACD, and volume. This helps increase the probability of a successful trade.
Use proper risk management:
When using this or any other indicator, it is crucial to have proper risk management in place. Consider implementing stop-loss levels and thoughtful position sizing.
Combining with other technical indicators:
The indicator can be effectively used alongside other technical indicators to create a comprehensive trading strategy and provide additional confirmation.
Keep in Mind:
Thorough research and backtesting are essential before making any trading decisions. Furthermore, it's crucial to have a solid understanding of the indicator and its behavior. Additionally, incorporating fundamental analysis and considering market sentiment can be vital factors to take into account in your trading approach.
Limitations:
This is a lagging indicator. Please note that the indicator is using moving averages, which are lagging indicators.
The indicators within the TradeMaster Lite package aim for simplicity and efficiency, while retaining their original purpose and value. Some settings, functions or visuals may be simpler than expected.
⭐ Conclusion
We hold the view that the true path to success is the synergy between the trader and the tool, contrary to the common belief that the tool itself is the sole determinant of profitability. The actual scenario is more nuanced than such an oversimplification. Our aim is to offer useful features that meet the needs of the 21st century and that we actually use.
🛑 Risk Notice:
Everything provided by trademasterindicator – from scripts, tools, and articles to educational materials – is intended solely for educational and informational purposes. Past performance does not assure future returns.
Trig-Log Scaled Momentum OscillatorTaylor Series Approximations for Trigonometry:
1. The indicator starts by calculating sine and cosine values of the close price using Taylor Series approximations. These approximations use polynomial terms to estimate the values of these trigonometric functions.
Mathematical Component Formation:
2. The calculated sine and cosine values are then multiplied together. This gives us the primary mathematical component, termed as the 'trigComponent'.
Smoothing Process:
3. To ensure that our indicator is less susceptible to market noise and more reactive to genuine price movements, this 'trigComponent' undergoes a smoothing process using a simple moving average (SMA). The length of this SMA is defined by the user.
Logarithmic Transformation:
4. With our smoothed value, we apply a natural logarithm approximation. Again, this approximation is based on the Taylor expansion. This step ensures that all resultant values are positive and offers a different scale to interpret the smoothed component.
Dynamic Scaling:
5. To make our indicator more readable and comparable over different periods, the logarithmically transformed values are scaled between a range. This range is determined by the highest and lowest values of the transformed component over the user-defined 'lookback' period.
ROC (Rate of Change) Direction:
6. The direction of change in our scaled value is determined. This offers a quick insight into whether our mathematical component is increasing or decreasing compared to the previous value.
Visualization:
7. Finally, the indicator plots the dynamically scaled and smoothed mathematical component on the chart. The color of the plotted line depends on its direction (increasing or decreasing) and its boundary values.
Volume Spike, Price Move >3% Spike with Vol & Gap Up IdentifierTitle: Identifying Volume Spikes, Price Movements and Gap Ups: A TradingView Script
Introduction:
In the world of trading, identifying volume spikes and price movements can provide valuable insights into market trends and potential trading opportunities. In this article, we'll explore a TradingView script that helps traders visualize volume spikes, price up moves with volume spikes, and gap-up days on their charts.
Detecting Price Up Moves:
The script starts by calculating price up moves. It compares the current day's closing price with the previous day's closing price and checks if it has increased by 3% or more. This helps traders spot significant upward price movements.
Detecting Volume Spurts:
Next, the script focuses on detecting volume spikes, which are often associated with increased market activity and potential trading opportunities. It compares the current day's volume with the highest volume of the previous nine sessions. If the current volume exceeds all the volumes of the previous nine sessions, it is considered a volume spurt.
Example:
Let's consider a hypothetical scenario where we have the following volume data for a stock:
Day 1: 100,000
Day 2: 80,000
Day 3: 120,000
Day 4: 150,000
Day 5: 200,000
Day 6: 90,000
Day 7: 110,000
Day 8: 130,000
Day 9: 140,000
Day 10: 250,000 (current day)
To determine if there is a volume spurt on Day 10, the script compares the current day's volume (250,000) with the highest volume of the previous nine sessions. In this case, the highest volume among the previous nine sessions is 200,000 (on Day 5). Since the current day's volume (250,000) exceeds the highest volume of the previous nine sessions (200,000), it is considered a volume spurt.
Identifying Gap-Up Days:
Gap-up days occur when the market opens significantly higher than the previous day's close. To identify these days, the script compares the current day's low price with the previous day's high price. If the low price is greater than the previous day's high, it is marked as a gap-up day.
Visualizing the Findings:
To provide a clear visual representation of the identified patterns, the script uses different shapes and colors. First, it plots small red dots above the candles whenever a volume spurt is detected. These dots help traders quickly identify periods of increased volume activity.
For price up moves with volume spikes, the script utilizes blue triangular shapes below the candles. This allows traders to pinpoint instances where both price and volume are showing positive signs, indicating potential bullish movements.
Additionally, the script incorporates green candles to represent gap-up days. These candles help traders recognize days when the market opens with a significant upward gap, suggesting a potential shift in market sentiment.
Conclusion:
The TradingView script discussed in this article provides traders with a visual representation of volume spikes , price up moves with volume spikes , and gap-up days . By incorporating these visual cues into their analysis, traders can gain valuable insights into market trends and potential trading opportunities.
Remember, this script should be used for educational and informational purposes only and does not serve as financial advice or recommendations. Traders are encouraged to customize and modify the script according to their specific trading strategies and risk tolerance.
Share this script with other traders on TradingView to enhance their chart analysis and trading decisions.
PS: This TradingView script is designed to work specifically on the daily timeframe (daily candles). It calculates and identifies volume spurts based on the volume data of the daily timeframe. Since it is designed for the daily timeframe, it may not produce accurate results or work as intended on other timeframes.
Heikin Ashi ROC Percentile Strategy**User Guide for the "Heikin Ashi ROC Percentile Strategy"**
This strategy, "Heikin Ashi ROC Percentile Strategy", is designed to provide an easy-to-use framework for trading based on the Heikin Ashi Rate of Change (ROC) and its percentiles.
Here's how you can use it:
1. **Setting the Start Date**: You can set the start date for the strategy in the user inputs at the top of the script. The variable `startDate` defines the point from which the script begins executing trades. Simply input the desired date in the format "YYYY MM DD". For example, to start the strategy from March 3, 2023, you would enter `startDate = timestamp("2023 03 03")`.
2. **Adjusting the Midline, Lookback Period, and Stop Loss Level**: The `zerohLine`, `rocLength`, and `stopLossLevel` inputs allow you to adjust the baseline for ROC, the lookback period for the SMA and ROC, and the level at which the strategy stops the loss, respectively. By tweaking these parameters, you can fine-tune the strategy to better suit your trading style or the particular characteristics of the asset you are trading.
3. **Understanding the Trade Conditions**: The script defines conditions for entering and exiting long and short positions based on crossovers and crossunders of the ROC and the upper and lower "kill lines". These lines are defined as certain percentiles of the ROC's highest and lowest values over a specified lookback period. When the ROC crosses above the lower kill line, the script enters a long position; when it crosses below the upper kill line, it exits the position. Similarly, when the ROC crosses below the upper kill line, the script enters a short position; when it crosses above the lower kill line, it exits the position.
In my testing, this strategy performed best on a day and hour basis. However, I encourage you to experiment with different timeframes and settings to see how the strategy performs under various conditions. Remember, there's no one-size-fits-all approach to trading; what works best will depend on your specific circumstances, goals, and risk tolerance.
If you find other useful applications for this strategy, please let me know in the comments. Your feedback is invaluable in helping to refine and improve this tool. Happy trading!
Volume Accumulation Oscillator (VAO)The Volume Accumulation Oscillator (VAO) is a powerful momentum-based indicator designed to assess the strength of volume accumulation in a given asset. It helps traders identify periods of intense buying or selling pressure and potential trend reversals.
The VAO calculates the Net Volume Accumulation (NVA) by considering the volume, open, close, high, and low prices. It then applies exponential moving averages (EMAs) to smooth the NVA and calculates the VAO by comparing the smoothed NVA with its EMA over a specified signal period.
The VAO is plotted as a line chart, providing a clear visual representation of its values. Positive VAO values indicate strong bullish volume accumulation, suggesting potential upward price movement. Conversely, negative VAO values indicate significant selling pressure and the possibility of a downtrend.
To enhance the analysis, the indicator includes reference levels such as the zero line and +/-1 levels. These levels serve as important reference points for interpreting the VAO values and identifying key turning points in the market.
Additionally, the VAO histogram is included, which further illustrates the strength and direction of volume accumulation. The histogram bars are color-coded, with green bars representing positive VAO values and red bars representing negative VAO values.
The Volume Accumulation Oscillator is a versatile tool that can be used in various trading strategies. Traders can look for divergences between the VAO and the price chart to identify potential trend reversals. Combining the VAO with other technical analysis techniques can provide valuable insights into market dynamics and help traders make informed trading decisions.
Note: It is recommended to customize the indicator's parameters and conduct thorough backtesting to align it with your specific trading strategy and preferences before using it for live trading.
Disclaimer: This indicator is provided for educational and informational purposes only. Trading involves risks, and it is important to exercise caution and conduct your own analysis before making any investment decisions.
52 Week High/Low FibonacciThe primary purpose of this indicator is to calculate and plot the 52-week high and low prices along with the Fibonacci retracement levels on the price chart. Fibonacci levels are commonly used in trading to identify potential support, resistance, and price reversal points.
First, the script initializes the Fibonacci levels and their corresponding colors, which will be used to plot the levels on the chart. Next, it calculates the 52-week high and low prices by finding the highest and lowest prices over the last 252 trading days, approximately equivalent to one year. Then, it identifies the overall trend direction by comparing the number of bars since the highest high and the lowest low. If the highest high is more recent, the trend is considered downwards; if the lowest low is more recent, the trend is upwards.
The script then plots the Fibonacci retracement levels on the chart, using horizontal lines at the respective price levels. It also creates labels for each level, displaying the percentage and the price value. Additionally, it draws a line connecting the 52-week high and low prices, providing a visual representation of the price range during the 52-week period.
Pros of this indicator include:
-Automatic calculation and plotting of Fibonacci levels, saving time for traders
-Clear trend identification based on 52-week high and low prices
-Visually appealing and easy-to-read chart representation with color-coded levels
-Provides insight into potential price reversal areas based on widely used Fibonacci levels
Cons of this indicator include:
-Only works on daily timeframes, limiting its usefulness for intraday and weekly traders
-Assumes that the trend will continue in the same direction, which may not always be accurate in real-world markets
-Does not provide explicit buy or sell signals, leaving the trading decision-making process up to the trader
-Solely relies on Fibonacci levels, which may not always be accurate; it is recommended to use other technical indicators or strategies alongside this indicator for a comprehensive trading approach
In conclusion, the '52 Week High Low Fibonacci' indicator is a valuable tool for traders interested in using Fibonacci levels for identifying potential price reversal points. By automatically calculating and plotting these levels based on 52-week high and low prices, the indicator provides a clear, color-coded visual aid, which can be especially helpful for traders who base their strategies on these levels.
However, it's worth noting that this indicator is limited to daily timeframes and doesn't provide explicit buy or sell signals, requiring traders to incorporate their own analysis and judgement in their decision-making process. The indicator also operates on the assumption of trend continuation, which may not always hold true.
While it's a beneficial tool, relying solely on this indicator for trading decisions may not be advisable. It's best used in conjunction with other indicators and trading strategies, providing a more balanced and comprehensive approach to trading in the financial markets. As always, risk management should be a key part of any trading strategy.
**YOUR INSIGHTFUL FEEDBACK OR SUGGESTIONS FOR REVISIONS TO THIS CODE ARE HIGHLY APPRECIATED. PLEASE FEEL FREE TO SHARE YOUR THOUGHTS TO FOSTER ITS CONTINUAL IMPROVEMENT**
User Defined Momentum Change with Swing VisualsThis script is a groundbreaking, math-centric technical analysis tool that blends two well-established indicators, the Stochastic Oscillator and the Exponential Moving Average (EMA), to deliver a unique and visually engaging way of identifying momentum swings and stochastic indicators. Unlike mashups, this script is tailored to accommodate a wide range of trading strategies, providing traders with a distinctive perspective on market trends.
The innovation in this script lies in its mathematically-driven ability to effectively combine the Stochastic Oscillator and EMA, setting it apart from other available tools that simply offer a rehash of old ideas or slight modifications to popular indicators. The EMA is employed instead of a Simple Moving Average (SMA), enhancing the uniqueness of the calculations. This novel approach creates a new dimension for traders to evaluate potential momentum swings and visualize them on the chart, proving it to be more than just a mere mashup of existing indicators.
Central to the script's utility is its extensive customization options, which allow traders to adjust various inputs to suit their preferences and trading strategies. Users can modify the EMA length, swing range signal offsets, and smoothing factors for both the fast and slow components of the Stochastic Oscillator. Additionally, the script offers the ability to personalize the color thresholds, transparency, and line properties for the Stochastic Oscillator and swing range signal.
This script's visually dynamic representation of momentum swings empowers traders to make more informed trading decisions, particularly on the 6-hour timeframe. The swing range signal, represented by vertical lines on the chart, acts as a valuable visual aid for identifying potential entry or exit points. Furthermore, the Stochastic Oscillator provides insights into the strength and direction of momentum, which is beneficial for confirming potential trade signals.
To conclude, this script is not just another combination of MAs or a slightly modified version of a popular indicator. Instead, it offers traders a comprehensive, visually appealing, and customizable tool for technical analysis, which is both original and useful. By uniquely combining the EMA and the Stochastic Oscillator with a strong mathematical foundation, and allowing traders to adjust a variety of settings, this script adds value to the TradingView community and enhances the body of knowledge available for traders. It is designed to support traders in tailoring their analysis based on their own strategies and preferences, enabling them to make well-informed decisions in the financial markets.
Fundamental Value and Dividend Growth InvestingThis script is an original implementation of a Fundamental Value and Dividend Growth Investing Strategy for traders who want to incorporate these concepts in their trading decisions. The script uses technical indicators to determine buy and sell signals based on a set of criteria.
To use the script, traders can input various parameters, such as the length of the simple moving averages (SMA), the rate of change (ROC) length, and the dividend yield. The script calculates the SMA for the long and short periods, the ROC, and the dividend.
The buy signal is triggered when the current closing price is greater than the short-term SMA, the short-term SMA crosses above the long-term SMA, the ROC is positive, and the closing price is greater than the dividend. The sell signal is triggered when the current closing price is less than the long-term SMA, the long-term SMA crosses above the short-term SMA, and the ROC is negative.
The script plots the signals and the indicators, such as the SMA200, the SMS50, the dividend, and the ROC. The script also includes alert conditions for the buy and sell signals.
The concept underlying the calculations of this script is the Fundamental Value and Dividend Growth Investing Strategy. This strategy aims to identify stocks that are trading below their intrinsic value and have a history of increasing dividends. The SMA and ROC indicators help identify the trends in the stock price, while the dividend yield helps identify stocks with a history of dividend growth.
Overall, this script offers traders an original and useful tool for incorporating Fundamental Value and Dividend Growth Investing Strategy into their trading decisions.
Big Bars DetectorIf a big bar with high volume appears during an uptrend, this may indicate strong buying pressure i.e. the bar acts as support. vice versa, if a big bar with high volume appears during a downtrend i.e. the bar acts as resistance.
How to use ?
It is easy to use whenever the label appears on the candle's high (make sure the candle's color is Red for a bear candle, for example). If a Green bar has a label on its low, simply use the candle's low as support, and vice versa. If the candle's high has a label, consider using it as resistance.
The values display in labels on the top / bottom of the bar is the volume on that particular candle
Hope you like and help in your trading !!!
if any have question / suggestion comment below or just message me.
Thanks and Regards,
TradingTail
Modified Bollinger BandsThis script has been distributed for learning purposes.
A particular kind of price envelope is "Bollinger Bands" indicator. Upper and lower price range levels are determined by price envelopes. By default, Bollinger Bands are plotted in Tradingview as envelopes at a standard deviation level above and below the price's simple moving average (SMA). I attempted to modify the indicator in this version by adding several kinds of moving averages first. The key feature is that standard deviation should be modified. in Tradingview, SMA calculates the standard deviation. The allocated moving average should be used to calculate the std function when the base line is changed.
FluidTrades - SMC Lite
Price action and supply and demand is a key strategy use in trading. We wanted it to be easy and efficient for user to identify these zones, so the user can focus less on marking up charts and focus more on executing trades.
This indicator shows you supply and demand zones by using pivot points to show you the recent highs and the recent lows.
Features
This indicator includes some features relevant to SMC , these are highlighted below:
Full internal & swing market structure labeling in real-time
Swing Structure: Displays the swing structure labels & solid lines on the chart (BOS).
Supply & demand ( bullish & bearish )
Swing Points: Displays swing points labels on chart such as HH, HL, LH, LL.
Options to style the indicator to more easily display these concepts
White OB (supply): search for short opportunities
Blue OB (demand): search for long opportunities
Break of structure ( BOS )
For markets to move up and down a break in market structure must occur. A break in market structure occurs when the market begins to shift direction and break the previous HH and HL or HL and LL of the market. We also integrated the feature that you can see the BOS lines. In the indicator settings you can adjust the color of the label.
Settings
SwingHigh/Low Length: Allows the user to select Historical (default) or Present, which displays only recent data on the chart.
Supply/demand box width: Allows user to change the size of the supply and demand box
History to keep: allows the user to select how many most recent supply & demand box appear on the chart.
Visual settings
Show zig zag : allow user to see market patters within the market
Show price action labels: allow user to turn on/off the (swing points)
Supply box color : allow users to change the color of their supply box
Demand box color : allow users to change the color of their supply box
Bos label color : allow users to change the color of their BOS label
Poi label color : allow user to change the color of their POI label
Price action label : allow users to change the color of their swing points labels
Zig zag color : allow users to change the color of the zig/zag market patters
Warning
Never blindly take a trade on a supply/demand box - wait for a proper market structure to occur before considering a trade.
Big Money Flow & Drift Oscillator [Spiritualhealer117]An easy way to track what big money and market makers are doing in the markets. The Big Money Flow & Drift Oscillator is best suited as a trend indicator, estimating what way the market will drift on low volume and what way it will move on large volume.
This oscillator is composed of two lines, the Big Money Flow and Drift Oscillator. The Big Money Flow line gives the average percentage return of the asset when the volume is greater than the EMA of volume, showing that big money is making moves in the market. The Drift Oscillator gives the average percentage return of the asset when the volume is less than the EMA of volume, where pricing is done by small money and market makers.
By default, between the two lines, there is a color fill, determined based on the following logic:
BMF > drift and BMF > 0: Yellow
drift > BMF and drift > 0: Beige
BMF > drift and BMF < 0: Orange
drift > BMF and drift < 0: Red
Tri-MayerMultiple by USCG_VetThe Mayer Multiple was created by Trace Mayer as a way to analyze the price of an asset in a historical context.
The Mayer Multiple is the multiple of the current price over some x-day moving average.
I preferred to display multiple average lines as they can help with identifying divergences.
