Empiece

Balance

Fed Balance Sheet (Candles)Fed Balance Sheet (Candles) - TradingView Description 📊 OVERVIEW Fed Balance Sheet (Candles) transforms the Federal Reserve's total assets into an intuitive candlestick visualization, allowing you to track monetary policy changes with the same visual language you use for price action. This indicator pulls real-time data directly from FRED (Federal Reserve Economic Data) and displays the Total Assets of All Federal Reserve Banks as dynamic candles on your chart, making it effortless to correlate central bank liquidity with market movements. 🎯 WHY THIS MATTERS The Federal Reserve's balance sheet is one of the most powerful leading indicators in global markets. When the Fed expands its balance sheet (Quantitative Easing), it injects liquidity into the financial system, historically correlating with: Rising asset prices (stocks, crypto, commodities) Lower volatility Risk-on sentiment Currency devaluation When the Fed contracts its balance sheet (Quantitative Tightening), liquidity drains from markets, often leading to: Asset price pressure Increased volatility Risk-off sentiment Dollar strength By visualizing this as candles, you can instantly see: The pace of change (candle size) The direction (green = expansion, red = contraction) Acceleration or deceleration (consecutive candles in same direction) Pivots in monetary policy (color changes from green to red or vice versa) 🔧 HOW IT WORKS Data Source Source: Federal Reserve Economic Data (FRED) Metric: Total Assets of All Federal Reserve Banks Unit: Displayed in Trillions of USD for easy reading Frequency: Weekly updates (every Wednesday) Candlestick Construction Since balance sheet data is reported as a single number each week (not traditional open-high-low-close), this indicator creates candles by comparing each period to the previous one: Open = Last week's balance sheet value Close = This week's balance sheet value High = The higher of the two values Low = The lower of the two values This captures directional movement and magnitude of change, making it intuitive for traders accustomed to candlestick analysis. Color Scheme 🟢 GREEN CANDLES (Expanding Balance Sheet) When this week's value is higher than last week's Interpretation: Fed is adding liquidity (Quantitative Easing) Historically bullish for risk assets 🔴 RED CANDLES (Contracting Balance Sheet) When this week's value is lower than last week's Interpretation: Fed is removing liquidity (Quantitative Tightening) Historically bearish or neutral for risk assets Value Label A floating label displays the current balance sheet value in trillions (e.g., "$8.75T") so you always know the exact figure at a glance. 📈 PRACTICAL APPLICATIONS 1. Market Regime Identification Strings of green candles = Liquidity-driven bull markets Strings of red candles = Tightening-induced bear markets or corrections Color transitions = Potential market inflection points 2. Correlation Analysis Overlay on stock indices (SPY, QQQ, IWM) Overlay on crypto (BTC, ETH) Overlay on commodities (Gold, Silver) Observe how asset prices react to Fed liquidity changes in real-time 3. Macro Timing Large green candles = Aggressive easing (crisis response) Large red candles = Aggressive tightening (inflation fighting) Small candles = Neutral policy (Fed on hold) 4. Risk Management Shift portfolio allocation based on liquidity environment Reduce leverage during red candle trends Increase exposure during green candle trends Use as confirmation for other technical signals 5. Multi-Timeframe Context Daily charts: See how daily price action relates to weekly Fed data Weekly charts: Perfect alignment with data release frequency Monthly charts: Visualize long-term monetary cycles spanning years ⚙️ SETTINGS Zero configuration needed. Simply add the indicator to any chart and it works immediately. The indicator automatically: Overlays on your main chart Uses the left price scale (won't interfere with asset prices) Updates with the latest Fed data Displays values in trillions for clean readability 🎨 VISUAL DESIGN PHILOSOPHY The indicator uses semi-transparent candle bodies with vibrant borders to maintain visibility without obscuring your price action. The color scheme follows universal chart conventions where green represents growth/expansion and red represents decline/contraction. It's designed to blend seamlessly into any chart theme while providing immediate visual clarity about the Fed's monetary stance. 📚 WHAT YOU NEED TO KNOW Data Availability Historical data available from December 2002 (over 20 years of Fed policy) Updates every Wednesday (Federal Reserve's reporting schedule) Typically published with a 1-week lag How the Data Appears On weekdays: Shows the most recent Wednesday's data On weekends: Shows Friday's data (which is the prior Wednesday's figure) Updates automatically when new data is released Scale Considerations The Fed's balance sheet is measured in trillions, while most assets are priced much lower. The indicator uses the left price scale by default to avoid conflicts with your main asset's price scale. You can easily move it to a separate pane if you prefer. 🧠 INTERPRETATION GUIDE Historical QE Phases (Green Candles) 2008-2014: Financial Crisis Response The Fed's balance sheet expanded from under $1T to ~$4.5T to stabilize markets after the mortgage crisis. 2020: COVID-19 Response Rapid expansion to ~$7T as the Fed stepped in during pandemic lockdowns. 2020-2022: Extended Support Balance sheet reached historic peak of ~$9T. Historical QT Phases (Red Candles) 2017-2019: First Modern QT Attempt The Fed tried to normalize its balance sheet, reducing it from ~$4.5T to ~$3.8T before pivoting. 2022-Present: Inflation-Fighting QT The Fed began shrinking its balance sheet to combat inflation, letting bonds mature without replacement. Key Insights Size matters, but rate of change matters MORE. A $9T balance sheet growing slowly has different implications than a $5T balance sheet growing rapidly. Watch for acceleration. Increasingly large candles (up or down) signal a policy shift that markets will notice. Plateaus mean "wait and see." Tiny candles indicate the Fed is holding steady and watching economic data. Reversals are major events. When candles switch from green to red (or vice versa), the Fed has changed course—these are critical market turning points. 🎓 EDUCATIONAL VALUE This indicator helps you understand: The mechanics of monetary policy through visual learning The lag between Fed actions and market reactions by observing temporal correlation The scale of modern central banking (trillions put into perspective) The relationship between liquidity and asset prices (cause and effect in action) Many traders talk about "don't fight the Fed" but never actually track what the Fed is doing. Now you can see it as clearly as you see price action. 🔗 RELATED CONCEPTS For comprehensive macro analysis, consider also tracking: Fed Funds Rate (short-term interest rates) M2 Money Supply (broader measure of money in circulation) Treasury Yield Curves (bond market expectations) Dollar Index (DXY) (currency strength) VIX (market fear/volatility) The Fed's balance sheet is just one piece of the puzzle, but it's arguably the most important one for understanding liquidity conditions. ⚠️ DISCLAIMER This indicator displays publicly available economic data from the Federal Reserve. It is for informational and educational purposes only and does not constitute financial advice. Important considerations: Past monetary policy does not guarantee future market outcomes Correlation does not equal causation Asset prices are influenced by many factors beyond Fed liquidity Always use proper risk management Consult with qualified financial professionals before making investment decisions Trading involves substantial risk of loss and is not suitable for everyone. 📜 VERSION HISTORY Version 1.0 - Initial Release Fed balance sheet visualized as candlesticks Real-time FRED data integration Automatic display in trillions Dynamic color coding (green/red) Current value label with exact figure 💡 WHY CANDLES? You might wonder: "Why show the Fed's balance sheet as candles instead of a line?" Because candles tell stories that lines can't. A line shows you where we are Candles show you how we got here, how fast we're moving, and what momentum looks like Candles make the Fed's actions feel immediate and tangible Candles connect macro data to the chart language you already speak When you see three big green candles in a row on the Fed balance sheet while your crypto or stock portfolio is rallying, you feel the connection. When you see the candles turn red and shrink, you understand the headwinds forming. It transforms dry economic data into actionable market intelligence. 📞 SUPPORT & FEEDBACK If you find this indicator valuable: ⭐ Like and favorite to help others discover it 📝 Comment with your use cases and insights 🔔 Follow for updates and new macro indicators Your feedback drives improvements and helps build better tools for the trading community. 🚀 THE BOTTOM LINE The Fed's balance sheet is the tide that lifts or lowers all boats. Whether you're trading stocks, crypto, forex, or commodities—whether you're a day trader or long-term investor—understanding the Fed's liquidity operations gives you an edge. This indicator makes that understanding visual, immediate, and actionable. Stop guessing about macro conditions. Start seeing them. "Don't fight the Fed" - Wall Street Wisdom Now you can see exactly what they're doing—in the same language you use to read price action. May your trades ride the tide of liquidity. 🌊📈
Indicador Pine Script®
por KevinSvenson_
Initial Balance Breakout Signals [LuxAlgo]The Initial Balance Breakout Signals help traders identify breakouts of the Initial Balance (IB) range. The indicator includes automatic detection of IB or can use custom sessions, highlights top and bottom IB extensions, custom Fibonacci levels, and goes further with an IB forecast with two different modes. 🔶 USAGE The initial balance is the price range made within the first hour of the trading session. It is an intraday concept based on the idea that high volume and volatility enter the market through institutional trading at the start of the session, setting the tone for the rest of the day. The initial balance is useful for gauging market sentiment, or, in other words, the relationship between buyers and sellers. Bullish sentiment: Price trades above the IB range. Mixed sentiment: Price trades within the IB range. Bearish sentiment: Price trades below the IB range. The initial balance high and low are important levels that many traders use to gauge sentiment. There are two main ideas behind trading around the IB range. IB Extreme Breakout: When the price breaks and holds the IB high or low, there is a high probability that the price will continue in that direction. IB Extreme Rejection: When the price tries to break those levels but fails, there is a high probability that it will reach the opposite IB extreme. This indicator is a complete Initial Balance toolset with custom sessions, breakout signals, IB extensions, Fibonacci retracements, and an IB forecast. All of these features will be explained in the following sections. 🔹 Custom Sessions and Signals By default, sessions for Initial Balance and breakout signals are in Auto mode. This means that Initial Balance takes the first hour of the trading session and shows breakout signals for the rest of the session. With this option, traders can use the tool for open range trading, making it highly versatile. The concept behind open range (OR) is the same as that of initial balance (IB), but in OR, the range is determined by the first minute, three or five minutes, or up to the first 30 minutes of the trading session. As shown in the image above, the top chart uses the Auto feature for the IB and Breakouts sessions. The bottom chart has the Auto feature disabled to use custom sessions for both parameters. In this case, the first three minutes of the trading session are used, turning the tool into an Open Range trading indicator. This chart shows another example of using custom sessions to display overnight NASDAQ futures sessions. The left chart shows a custom session from the Tokyo open to the London open, and the right chart shows a custom session from the London open to the New York open. The chart shows both the Asian and European sessions, their top and bottom extremes, and the breakout signals from those extremes. 🔹 Initial Balance Extensions Traders can easily extend both extremes of the Initial Balance to display their preferred targets for breakouts. Enable or disable any of them and set the IB percentage to use for the extension. As the chart shows, the percentage selected on the settings panel directly affects the displayed levels. Setting 25 means the tool will use a quarter of the detected initial balance range for extensions beyond the IB extremes. Setting 100 means the full IB range will be used. Traders can use these extensions as targets for breakout signals. 🔹 Fibonacci Levels Traders can display default or custom Fibonacci levels on the IB range to trade retracements and assess the strength of market movements. Each level can be enabled or disabled and customized by level, color, and line style. As we can see on the chart, after the IB was completed, prices were unable to fall below the 0.236 Fibonacci level. This indicates significant bullish pressure, so it is expected that prices will rise. Traders can use these levels as guidelines to assess the strength of the side trying to penetrate the IB. In this case, the sellers were unable to move the market beyond the first level. 🔹 Initial Balance Forecast The tool features two different forecasting methods for the current IB. By default, it takes the average of the last ten values and applies a multiplier of one. IB Against Previous Open: averages the difference between IB extremes and the open of the previous session. Filter by current day of the week: averages the difference between IB extremes and the open of the current session for the same day of the week. This feature allows traders to see the difference between the current IB and the average of the last IBs. It makes it very easy to interpret: if the current IB is higher than the average, buyers are in control; if it is lower than the average, sellers are in control. For example, on the left side of the chart, we can see that the last day was very bullish because the IB was completely above the forecasted value. This is the IB mean of the last ten trading days. On the right, we can see that on Monday, September 15, the IB traded slightly higher but within the forecasted value of the IB mean of the last ten Mondays. In this case, it is within expectations. 🔶 SETTINGS Display Last X IBs: Select how many IBs to display. Initial Balance: Choose a custom session or enable the Auto feature. Breakouts: Enable or disable breakouts. Choose custom session or enable the Auto feature. 🔹 Extensions Top Extension: Enable or disable the top extension and choose the percentage of IB to use. Bottom extension: Enable or disable the bottom extension and choose the percentage of IB to use. 🔹 Fibonacci Levels Display Fibonacci: Enable or disable Fibonacci levels. Reverse: Reverse Fibonacci levels. Levels, Colors & Style Display Labels: Enable or disable labels and choose text size. 🔹 Forecast Display Forecast: Select the forecast method. - IB Against Previous Open: Calculates the average difference between the IB high and low and the previous day's IB open price. - Filter by Current Day of Week: Calculates the average difference between the IB high and low and the IB open price for the same day of the week. Forecast Memory: The number of data points used to calculate the average. Forecast Multiplier: This multiplier will be applied to the average. Bigger numbers will result in wider predicted ranges. Forecast Colors: Choose from a variety of colors. Forecast Style: Choose a line style. 🔹 Style Initial Balance Colors Extension Transparency: Choose the extension's transparency. 0 is solid, and 100 is fully transparent.
Indicador Pine Script®
por LuxAlgo
17
RTH Levels: VWAP + PDH/PDL + ONH/ONL + IBAlgo Index — Levels Pro (ONH/ONL • PDH/PDL • VWAP±Bands • IB • Gaps) Purpose. A session-aware, non-repainting levels tool for intraday decision-making. Designed for futures and indices, with clean visuals, alerts, and a one-click Minimal Mode for screenshot-ready charts. What it plots • PDH/PDL (RTH-only) – Prior Regular Trading Hours high/low, computed intraday and frozen at the RTH close (no 24h mix-ups, no repainting). • ONH/ONL – Prior Overnight high/low, held throughout RTH. • RTH VWAP with ±σ bands – Volume-weighted variance, reset each RTH. • Initial Balance (IB) – First N minutes of RTH, plus 1.5× / 2.0× extensions after IB completes. • Today’s RTH Open & Prior RTH Close – With gap detection and “gap filled” alert. • Killzone shading – NY Open (09:30–10:30 ET) and Lunch (11:15–13:30 ET). • Values panel (top-right) – Each level with live distance in points & ticks. • Right-edge level tags – With anti-overlap (stagger + vertical jitter). • Price-scale tags – Native trackprice markers that always “stick” to the axis. ⸻ New in v6.4 • Minimal Mode: one click for a clean look (thinner lines, VWAP bands/IB extensions hidden, on-chart right-edge labels off; price-scale tags remain). • Theme presets: Dark Hi-Contrast / Light Minimal / Futures Classic / Muted Dark. • Anti-overlap controls: horizontal staggering, vertical jitter, and baseline offset to keep tags readable even when levels cluster. ⸻ Quick start (2 minutes) 1. Add to chart → keep defaults. 2. Sessions (ET): • RTH Session default: 09:30–16:00 (US equities cash hours). • Overnight Session default: 18:00–09:29. Adjust for your market if you use different “day” hours (e.g., many use 08:20–13:30 ET for COMEX Gold). 3. Theme & Minimal Mode: pick a Theme Preset; enable Minimal Mode for screenshots. 4. Visibility: toggle PD/ON/VWAP/IB/References/Panel to taste. 5. Right-edge labels: turn Show Right-Edge Labels on. If they crowd, tune: • Anti-overlap: min separation (ticks) • Horizontal offset per tag (bars) • Vertical jitter per step (ticks) • Right-edge baseline offset (bars) 6. Alerts: open Add alert → Condition: and pick the events you want. ⸻ How levels are computed (no repainting) • PDH/PDL: Intraday H/L are accumulated only while in RTH and saved at RTH close for “yesterday’s” values. • ONH/ONL: Accumulated across the defined Overnight window and then held during RTH. • RTH VWAP & ±σ: Volume-weighted mean and standard deviation, reset at the RTH open. • IB: First N minutes of RTH (default 60). Extensions (1.5×/2.0×) appear after IB completes. • Gaps: Today’s RTH open vs prior RTH close; “Gap Filled” triggers when price trades back to prior close. ⸻ Practical playbooks (how to trade around the levels) 1) PDH/PDL interactions • Rejection: Price taps PDH/PDL then closes back inside → mean-reversion toward VWAP/IB. • Acceptance: Close/hold beyond PDH/PDL with momentum → continuation to next HTF/IB target. • Alert: PD Touch/Break. 2) ONH/ONL “taken” • Often one ON extreme is taken during RTH. ONH Taken / ONL Taken → check if it’s a clean break or sweep & reclaim. • Sweep + reclaim near VWAP can fuel rotations through the ON range. 3) VWAP ±σ framework • Balanced: First tag of ±1σ often reverts toward VWAP. • Trend: Persistent trade beyond ±1σ + IB break → target ±2σ/±3σ. • Alerts: VWAP Cross and VWAP Reject (cross then immediate fail back). 4) IB breaks • After IB completes, a clean IB break commonly targets 1.5× and sometimes 2.0×. • Quick return inside IB = possible fade back to the opposite IB edge/VWAP. • Alerts: IB Break Up / Down. 5) Gaps • Gap-and-go: Opening drive away from prior close + VWAP support → trend until IB completion. • Gap-fill: Weak open and VWAP overhead/underfoot → trade toward prior close; manage on Gap Filled alert. Pro tip: Stack confluences (e.g., ONL sweep + VWAP reclaim + IB hold) and respect your execution rules (e.g., require a 5-minute close in direction, or your order-flow confirmation). ⸻ Inputs you’ll actually touch • Sessions (ET): Session Timezone, RTH Session, Overnight Session. • Visibility: toggles for PD/ON/VWAP/IB/Ref/Panel. • VWAP bands: set σ multipliers (±1/±2/±3). • IB: duration (minutes) and extension multipliers (1.5× / 2.0×). • Style & Theme: Theme Preset, Main Line Width, Trackprice, Minimal Mode, and anti-overlap controls. ⸻ Alerts included • PD Touch/Break — High ≥ PDH or Low ≤ PDL • ONH Taken / ONL Taken — First in-RTH take of ONH/ONL • VWAP Cross — Close crosses VWAP • VWAP Reject — Cross then immediate fail back • IB Break Up / Down — Break of IB High/Low after IB completes • Gap Filled — Price trades back to prior RTH close Setup: Add alert → Condition: Algo Index — Levels Pro → choose event → message → Notify on app/email. ⸻ Panel guide The top-right panel shows each level plus live distance from last price: LevelValue (Δpoints | Δticks) Coloring: green if level is below current price, red if above. ⸻ Styling & screenshot tips • Use Theme Preset that matches your chart. • For dark charts, “Dark Hi-Contrast” with Main Line Width = 3 works well. • Enable Trackprice for crisp axis tags that always stick to the right edge. • Turn on Minimal Mode for cleaner screenshots (no VWAP bands or IB extensions, on-chart tags off; price-scale tags remain). • If tags crowd, increase min separation (ticks) to 30–60 and horizontal offset to 3–5; add vertical jitter (4–12 ticks) and/or push tags farther right with baseline offset (bars). ⸻ Behavior & limitations • Levels are computed incrementally; tables refresh on the last bar for efficiency. • Right-edge labels are placed at bar_index + offset and do not track extra right-margin scrolling (TradingView limitation). The price-scale tags (from trackprice) do track the axis. • “RTH” is what you define in inputs. If your market uses different day hours, change the session strings so PDH/PDL reflect your definition of “yesterday’s session.” ⸻ FAQ Q: My PDH/PDL don’t match the daily chart. A: By design this uses RTH-only highs/lows, not 24h daily bars. Adjust sessions if you want a different definition. Q: Right-edge tags overlap or don’t sit at the far right. A: Increase min separation / horizontal offset / vertical jitter and/or push tags farther with baseline offset. If you want markers that always hug the axis, rely on Trackprice. Q: Can I change killzones? A: Yes—edit the session strings in settings or request a version with user inputs for custom windows. ⸻ Disclaimer Educational use only. This is not financial advice. Always apply your own risk management and confirmation rules. ⸻ Enjoy it? Please ⭐ the script and share screenshots using Minimal Mode + a Theme Preset that fits your style.
Indicador Pine Script®
por MyAlgoIndex
30
OBVX Conviction Bias🧮 The OBVX Conviction Bias overlay tracks the flow of directional volume using the classic On-Balance Volume calculation, then filters it through a layered moving average system to expose crowd commitment , pressure transitions , and momentum fatigue . The tool applies two smoothed averages to the OBV line—a fast curve and a longer-term baseline scaled using Euler’s constant (2.718)—and visualizes their relationship using a color-coded crossover ribbon and pressure fills. When used correctly, it reveals whether a move is being supported by meaningful volume, or whether the crowd is starting to disengage. 🚦 The core signal compares OBV to its fast moving average. When OBV climbs above the short average, it fills green—suggesting real directional effort. When OBV sinks below, the fill turns maroon—flagging fading conviction or pullback potential. A second fill between the short and long OBV moving averages captures the broader trend of volume intention. If the short is above the long, this space fills greenish, showing constructive pressure. If it flips, the fill fades red, signaling crowd hesitation, rotation, or early exhaustion. ⚖️ All smoothing is user-selectable, defaulting to VWMA for effort-sensitive structure. The long-term average is auto-scaled using the natural exponential multiplier (2.718), offering rhythm that reflects the curve of participation. OBVX Conviction Bias isn’t trying to predict—it’s trying to show you where the crowd is leaning , and whether that lean is gaining traction or losing strength. 🧐  Ideal Use-Cases: • Detect divergence between volume flow and price action • Confirm breakout validity with volume alignment • Fade breakouts where OBV fails to follow through • Time pullback entries when OBV pressure resumes in trend direction 🍷  Recommended Pairings: • ZVOL to measure whether volume is statistically significant or just noise (as shown) • RVOL Effort Matrix to validate crowd effort by tier and structure zone • SUPeR TReND 2.718 and/or MA Ribbons for directional confluence • ATR Turbulence to track volatility-phase alignment with volume intention
Indicador Pine Script®
por TheLeadingIndicator
VWAP Balance Zones - SessionsVWAP Balance Zones Sessions Version is an alternate take on the Original VWAP Balance Zones indicator. The Sessions version allows users to select a specific session to view the VWAP Balance Zones at while still utilizing the full ETH Data. The Session version provides a better focused display while still maintaining the core functions of the original script with mindful optimizations. Author's Note: "VBZ Sessions was made with logistics in mind, for the users who only trade within certain times of the day. While it displays the same core concepts, it is not as "Raw" of a display as the Original. For this reason, some users may prefer the Original VWAP Balance Zones, which is why I have opted to release this alternate version instead of updating the original." > What are VWAP Balance Zones? "VWAP Balance Zones" is an original concept aimed at identifying the equilibrium area between market participants within the current trend by averaging the Daily Extremes and the Daily VWAP. Refer to the illustration below for a better understanding of exactly how VWAP Balance Zones are formed: These zones are displayed for the Daily, Weekly, and Monthly VWAPs, with the most interactive timeframe being the Daily. > Features 1. The Session Version uses ETH data at all times, and does not solely rely on the chart's data to create the VWAPs or Zones. This allows the user to focus on a specific trading session, while not losing out on the full VBZ Calculation, with the notable benefit of a cleaner display. The Original VBZ starts drawing at the beginning of the chart's "Day", and would produce different results when using an RTH chart vs an ETH chart. Along with creating a bird's nest of unusable data at the beginning of the day. 2. Session Start and End lines are displayed for easier identification of the designated trading session. 3. The extreme "Close" Lines are no longer displayed to reduce noise and redundancy. 4. Additionally, the interior VWAP lines are no longer displayed. Ultimately, this was to reduce noise and focus the script on the 50% zones. 5. Weekly and Monthly Zones are now displayed due to the reduced noise! 6. As with the original, the weekly display will yield to the daily, and the monthly display will yield to the weekly. In the screenshot below, you can observe this behavior. Enjoy!
Indicador Pine Script®
por SamRecio
1
Price and Volume Divergence Analyzer How to Use the Indicator Main Purpose: Identify divergences between price movement, the volume line, and the weighted volume line to predict potential reversals. Volume Line Explanation: At zero: Equal buying and selling volume. At 1: Double the buying volume vs. selling. At -1: Double the selling volume vs. buying. Divergence: Price rising, volume line falling: Sellers offloading to buyers—likely reversal downward. Price falling, volume line rising: Buyers stepping in—likely reversal upward. Higher/Lower Volume Movement Line: At zero: Equal volume required for price movement. At 1: High efficiency—half the volume needed to move price. At -1: Low efficiency—double the volume needed to move price. Above volume line: Movement aligns with efficient volume. Below volume line: Inefficient price movement. Candle Fill Colors: Shaded based on whether the current close is higher or lower than the previous close. Settings Overview EMA Settings: Timeframe Selection: Use a lower timeframe than your chart for accuracy. Avoid selecting a timeframe higher than your chart. EMA Length Option: Default: Sets lengths automatically (EMA = 14, EMA of EMA = 3). User Input: Allows custom EMA length. Calculation Type: EMA: Standard exponential moving average. EMA of EMA: Applies EMA three times for smoother values. Volume Line Settings: Line Width: Adjust thickness. Colors: More Buying: Green (default). More Selling: Red (default). Higher/Lower Volume Movement Line: Line Width: Adjust thickness. Colors: Higher Volume Movement: Indicates higher volume required. Lower Volume Movement: Indicates lower volume required. Up/Down Candle Fill: Colors: Up Candle: Green (default). Down Candle: Red (default). Transparency: Adjust percentage for visibility. Balance Line Settings: Line Width and Color: Equilibrium line showing equal buying/selling volume at zero.
Indicador Pine Script®
por Dean_Crypto
3
Volume Equilibrium Overlay(2 of 2)This is an overlay for a prior script I've created: Volume Equilibrium. To sum it up in a brief manner, this script plots when there is "volume-equilibrium" aka prices that the market may see as "fair-value" relative to the specified timeframe. This script provides what my last code lacked and that is a visual representation of critical prices. The arrows beside the indications indicate the direction that the buying/selling volume was heading towards. UP ARROW - indicates that equilibrium was had via increasing buy volume DOWN ARROW - indicates that equilibrium was had via decreasing buy volume Remember, this doesn't inherently mean that a stock is supposed to go up or down. Its just a representation of 'fair-value' points using volume. Also remember... both indicators provide what the other lacks. It isn't necessary to use both but for a broad overview of volume it definitely helps to at least be aware of how this information can be represented. Perhaps... consider switching between the two to see what you may be missing. I believe finding 'fair-value' points via volume and price action provides a more objective way to measure what prices one should look at rather then arbitrary lines plotted on a chart. For more information feel welcome to look at the script that this code is based off of.
Indicador Pine Script®
por ddcakez
Dynamic Candle Balance Indicator (Binary) Dynamic Candle Balance Indicator The Dynamic Candle Balance Indicator is a powerful tool designed to identify imbalances in candle colors on a chart, which can indicate potential reversals or changes in market direction. This indicator is specifically developed for traders operating on short timeframes, such as 1-minute candles, and is particularly useful for identifying opportunities in binary options. How to Use: Set Parameters Initial Position: Specify the number of initial candles to be considered for calculation. Count: Determine the total number of candles to be analyzed, including the initial position. Interpret Results: Green: Indicates the number of bullish candles (where the closing price is higher than the opening price). Red: Indicates the number of bearish candles (where the closing price is lower than the opening price). Absent: Indicates the number of candles that were not considered due to the selected interval. Performance Analysis: The indicator calculates the percentage of green and red candles relative to the total number of analyzed candles, providing insights into market balance or imbalance. Identify Trading Opportunities: Significant imbalances between candle colors can indicate potential reversals or changes in market direction. Traders can use this information to make informed decisions about their trading strategies, such as identifying entry or exit points. Example: In the last 40 candles, there were 13 green candles and 27 red candles, indicating a higher likelihood of the next candle being green. Usage Tips: The indicator is most effective when used on a 1-minute timeframe for binary options trading, especially during periods of high imbalance. Adjust the parameters according to your trading strategy and the timeframe being analyzed. Combine the Dynamic Candle Balance Indicator with other technical analysis tools to confirm trading signals. Legal Disclaimer: This indicator is provided for educational and informational purposes only. It represents a theory and should be used as part of a comprehensive trading strategy. Past performance is not indicative of future results. Traders should always conduct their own analysis before making trading decisions. Try out the Dynamic Candle Balance Indicator and leverage its functionalities to identify trading opportunities on short-term charts, especially in 1-minute timeframes for binary options trading during periods of high imbalance. Remember to test the indicator on a practice account before using it on a real account.
Indicador Pine Script®
por souguialves21
2
Central Banks Balance Sheets ROI% ChangeIntroducing the "Central Banks Balance Sheets ROI% Change" indicator, a tool designed to offer traders and analysts an understanding of global liquidity dynamics. This indicator tracks the Return on Investment (ROI) percentage changes across major central banks' balance sheets, providing insights into shifts in global economic liquidity not tied to cumulative figures but through ROI calculations, capturing the pulse of overall economic dynamics. Key Enhancements: ROI Period Customization: Users can now adjust the ROI calculation period, offering flexibility to analyze short-term fluctuations or longer-term trends in central bank activities, aligning with their strategic time horizons. Chart Offset Feature: This new functionality allows traders to shift the chart view, aiding in the alignment of data visualization with other indicators or specific analysis needs, enhancing interpretive clarity. Central Bank Selection: With options to include or exclude data from specific central banks among the world's top 15 economies (with the exception of Mexico and the consolidation of the EU's central bank data), traders can tailor the analysis to their regional focus or diversification strategies. US M2 Option: Recognizing the significance of the M2 money supply as a liquidity metric, this indicator offers an alternative view focusing solely on the US M2, allowing for a concentrated analysis of the US liquidity environment. Comprehensive Coverage: The tool covers a wide array of central banks, including the Federal Reserve, People's Bank of China, European Central Bank, and more, ensuring a broad and inclusive perspective on global liquidity. Visualization Enhancements: A histogram plot vividly distinguishes between positive and negative ROI changes, offering an intuitive grasp of liquidity expansions or contractions at a glance. This indicator is a strategic tool designed for traders who seek to understand the undercurrents of market liquidity and its implications on global markets. Whether you're assessing the impact of central bank policies, gauging economic health, or identifying investment opportunities, the "Central Banks Balance Sheets ROI% Change" indicator offers a critical lens through which to view the complex interplay of global liquidity factors.
Indicador Pine Script®
por mezor13
5
Opening RangeThe opening range or first 30 minutes of trading during the day sets the tone and becomes an important reference through the rest of the day. Price will react as it reaches the high and low of the opening range. Backtesting has shown that the strategies based on the opening range have merit and provide an edge in trading. By not being aware of these points of reference you put yourself at risk. In addition to the opening range, the distance from the high or low of the opening range plus the width of the opening range forms another important reference point. Opening Range Rules. Price must break out of the opening range in order to have a trending day. As long as price is inside the opening range, expect the trade to be choppy. Once price leaves the opening range the market can begin to trend. However, before it trends most times it will retest the boundary of the opening range. This is a critical point, and a better than average entry for a position to join the trend. However, if price closes back inside the opening range watch out. Re-entry to the opening range has a high probability of going to the middle of the opening range, and a better than average probability of crossing the entire opening range. In the above chart we can see price broke below the opening range then returned to retest the opening range before beginning a downward trend that delivered 175 pts on NQ. Upon re-entering the opening range price tried to break down again but ultimately traveled up until it hit the 50% mark of the opening range. Once a trend has begun the first target is the green line which is 1 width of the opening range outside of the opening range. Once price broke out of the opening range to the upside, it came back to retest the opening range high, before beginning an uptrend that delivered 120 pts on NQ.
Indicador Pine Script®
por aaronmefford
4
VWAP Balance ZonesVWAP Balance Zones (VBZ) Is based on 3 concepts. Many Traders use VWAP to help determine Price Trends. Trends are typically identified by new Highs or new Lows. Balanced is found when Supply and Demand are mostly Equal. VBZ tracks the daily, weekly, and monthly highs and lows; Then plots the average (50%) between the VWAP and the respective extremes. 50% VWAP Zones can be considered significant since they attempt to identify the equilibrium between market participants within the current trend, serving as key reference points to consider for decision making. >While in an uptrend, Buyers may see price falling to the Hi 50% as an attractive value entry for the continuation upwards. >While ALSO in an uptrend, Sellers may see price falling to the Hi 50% as a change in sentiment with more downwards movement on the way. Because of these conflicting mindsets, these zones are thought to display areas of balance between buyers and sellers, which can serve as potential decision points throughout the day. VBZ Draws Zones from the Daily (High/Low/Close) VWAPs and the Day's (High/Low/Close) extremes as seen below. Technically speaking, an average between vwap and extreme is a single point, to make these into zones I am using multiple sources for vwap and tracking different points of the bar throughout the day (ex. Close VWAP & Daily Highest Close) Weekly and Monthly are only displaying the Average Price between the VWAP and the (Weekly or Monthly) High/Low. These hold up as important levels for speculation; however, since most action will be discovered at the daily zones, I am not displaying the zones for the Weekly and Monthly to keep noise to a minimum. Unique Behaviors: - Weekly values are hidden on the first day of the week since they are similar to the daily values on the first day of the week. - Monthly values are hidden in the first week of the month for the same reason.
Indicador Pine Script®
por SamRecio
4
Fed Net Liquidity Indicator v2Updated script for jlb05013's original Fed Net Liquidity Indicator. TradingView was bringing in the FRED data in different units than they used to. This code fixes it. This indicator aims to present a "Net Liquidity" indicator comprised of the Fed Balance sheet , less the TGA account and Overnight Reverse REPO agreements. Net Liquidity = Fed Balance Sheet - ( TGA + Reverse REPO) This is an overlay that can be added to stock or other charts (like SPY ) to see how the market may appear correlated to Net Liquidity - injection of liquidity into the markets. This was hypothesized by Max Anderson, this is just a script realizing that posting. New updates include a resolution feature, and an option to offset backwards by 2 days per original intent.
Indicador Pine Script®
por TaxShields
4
Fed Net Liquidity IndicatorThis indicator aims to present a "Net Liquidity" indicator comprised of the Fed Balance sheet , less the TGA account and Overnight Reverse REPO agreements. Net Liquidity = Fed Balance Sheet - ( TGA + Reverse REPO) This is an overlay that can be added to stock or other charts (like SPY ) to see how the market may appear correlated to Net Liquidity - injection of liquidity into the markets. This was hypothesized by Max Anderson, this is just a script realizing that posting. New updates include a resolution feature, and an option to offset backwards by 2 days per original intent.
Indicador Pine Script®
por jlb05013
60
Ichimoku ImbalanceYou may have heard the word balance or imbalance This indicator is designed based on Ichimoku periods to display imbalances in each period When you see a black mark, it means that one of the Ichimoku periods is saturated or unbalanced If the current candle was equal to the lowest price on 9/26/52 of the last period and the highest price was equal to the last candle from left on 9/26/52 of the last period If the current candle was equal to the highest price on 9/26/52 of the last period and the lowest price was equal to the last candle from right on 9/26/52 of the last period This indicator is a useful and powerful tool for Ichimoku traders to understand overbought and oversold points in different time periods. Note: This is an auxiliary tool and does not issue buy and sell signals
Indicador Pine Script®
por Esfiam
4
Combo 2/20 EMA & Bull And Bear Balance This is combo strategies for get a cumulative signal. First strategy This indicator plots 2/20 exponential moving average. For the Mov Avg X 2/20 Indicator, the EMA bar will be painted when the Alert criteria is met. Second strategy This new indicator analyzes the balance between bullish and bearish sentiment. One can cay that it is an improved analogue of Elder Ray indicator. To get more information please see "Bull And Bear Balance Indicator" by Vadim Gimelfarb. WARNING: - For purpose educate only - This script to change bars colors.
Estrategia Pine Script®
por HPotter
1
Initial BalanceThis script calculates and draws the initial balance price levels which can be really interesting for intraday activities. Note: Obviously, you need to wait for the calculation period to finish in order to see your daily levels The tool includes the following options Customization of the session used to calculate the initial balance (default 0930-1030) Show/Hide the calculation period (as a background color) Show/Hide extra levels (report the IBH-IBL delta above and under the IB area) Show/Hide intermediate levels (displays 50% price levels in the IB and extra areas) Show labels (Display levels names as well as their price on corresponding lines) Levels names: - IBH (Initial Balance High) - IBH (Initial Balance Low) - IBM (Initial Balance Middle) - IBH x2 - IBL x2 Default colors are green for high levels, red for low levels, and orange for intermediate levels Extend levels (extends the current levels to left/right/both/none sides of the chart)
Indicador Pine Script®
por noop-noop
40
ORB - Opening Range BreakoutThis script plots the high/low of any custom session and extends it until the daily close. It does not show on the timeframe higher than the length of custom opening session by default. The time period of opening range & the max timeframe to display it on can be adjusted from the settings. So for eg. if want to use 5m ORB to trade, then set "ORB total time" as 5min & "Session Time" as whatever is the opening 5mins time period of ticker that are trading.
Indicador Pine Script®
por zzzcrypto123
108
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 .
Indicador Pine Script®
por LucF
29