VarianceChange under a 60 ema.
For use with BTCUSD 1 min.
When the indicator is at a low of -2 it shows over sold.
When the indicator is at a high of 2 it shows over bought.
Buscar en scripts para "市值60亿的股票"
Harris RSIThis is a variation of Wilder's RSI that was altered by Michael Harris.
CALCULATION
The average change of each of the length's source value is compared to the more recent source value.
The average difference of both positive or negative changes is found.
The range of 100 is divided by the divided result of the average incremented and decremented ratio plus one.
This result of the above is subracted from the range value of 100
I have added some signals and filtering options with moving averages:
Trend OB/OS: Uptrend after above Overbought Level. Downtrend after below Oversold Level\n(For the traditional RSI OB=60 and OS=40 is used)
OB/OS: When above Overbought, or below oversold
50-Cross: Above 50 line is uptrend, below is downtrend
Direction: Moving up or down
RSI vs MA: RSI above MA is an uptrend, RSI below MA is a downtrend
The signals I added are just some potential ideas, always backtest your own strategies.
Relative Strength Index with fast and slow MAsThis is the typical Relative Strength Index indicator with two moving averages, one slow (length 50 by default) and one fast (length 20 by default). Additionally, there are four lines, which mark the oversold/overbought signals at different levels, there are two inner bands with values at the levels 40, and 60, and two outer bands at the levels 20, and 80. The presence of the fast and slow moving averages and their crossover/crossunder with the oversold/overbought levels or the RSI can provide more insightful and faster signals. The indicator has a slightly different colouring mechanism.
The views of the RSI indicator on the above the price chart in both dark and light modes:
Chop and explode (ps5)Description : This is a renovated version of my previous mod that was based on the original script from fhenry0331.
Added are:
a data cleaning function
a seasonal random index function
an updated scaler and
a signalling procedure.
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The following description is moved here from the old script.
The purpose of this script is to decipher chop zones from runs/movement/explosion spans. The chop is RSI movement between 40 and 60. Tight chop is RSI movement between 45 and 55. There should be an explosion after RSI breaks through 60 (long) or 40 (short). Tight chop bars are colored gray, a series of gray bars indicates a tight consolidation and should explode imminently. The longer the chop the longer the explosion will go for. The tighter the better. Loose chop (jig saw/gray bars on the silver background) will range between 40 and 60. The move begins with green and red bars.
Couple it with your trading system to help stay out of chop and enter when there is a movement.
SuperTrend Support & Resistance(My goal creating this indicator) : Provide a way to categorize and label key structures on multiple time frames so I can create a plan based on those observable facts.
The Underlying Concept / What is Momentum?
The Momentum shown is derived from a Mathematical Formula, SUPERTREND. When price closes above Supertrend Its bullish Momentum when its below Supertrend its Bearish Momentum. On the first bar bearish momentum is detected a resistance Level is made at the highest point of the previous bullish condition. On the first bar bullish momentum is detected a support Level is made at the lowest point of the previous bearish condition. As I become a better analyst I will find better techniques and this source code may become open-source, but as of now it remains protected. This indicator scans for bullish & bearish Momentum on the Timeframes selected by the user and when there is a shift in momentum on any of those time frames (price closes below or above SUPERTREND ) it notifies the trader with a Supply or Demand level with a unique color and Size to signify the severity of said level.
What is Severity?
Severity is How we differentiate the importance of different Highs and Lows. If Momentum is detected on a higher timeframe the Supply or Demand Level is updated. The Color and Size representing that higher timeframe will be shown. Demand and Supply Levels made by higher Timeframes are more SEVERE then a demand level made by a lower Timeframe.
Technical Inputs
- If you want to optimize the rate of signals to better fit your trading plan you would change the Factor input and ATR Length input. Increase factor and ATR Length to decrease the frequency of signals and decrease the Factor and ATR Length to increase the frequency of signals.
- to ensure the correct calculation of Support and Resistance levels change BAR_INDEX. BAR_INDEX creates a buffer at the start of the chart. For example: If you set BAR_INDEX to 300. The script will wait for 300 bars to elapse on the current chart before running. This allows the script more time to gather data. Which is needed in order for our dynamic lookback length to never return an error(Dynamic lookback length cant be negative or zero). The lower the timeframe the greater the amount of bars need. For Example if I open up a 30 sec chart I would enter 5000 as my BAR_INDEX since that will provide enough data to ensure the correct calculation of Support and Resistance levels.
Time Frame Inputs
- The indicator has 3 Time Frame Displays where you can choose how SEVERE You want the Supply and Demand Levels. For Example: 1min, 3min, 5min, 15 min Levels, 60 min levels Weekly Levels, etc.....The higher the Timeframe Selected the more SEVERE the Level.
- Use the Amount of time Frames input to increase or limit the amount of time frames that will be displayed onto the chart.
Display Inputs
- The toggle (Trend or Basic) option Lets the trend determine the colors of the Support and Resistance Levels or Basic where the color is strictly based on if its a high or a low ( Trend = HH,HL,LL,LH)
- Toggle options (Close) and (High & Low) creates Support and Resistance Levels using the Lowest close and Highest close or using the Lowest low and Highest high.
Toggle on both or toggle off both in order to use both these values when determining the trend of your chart. For Example this would mean (Price has to close higher then the highest high. Not only make a higher high or a
higher close) and the inverse (Price has to close lower then the lowest low. Not only make a lower low or a lower close)
How Trend Is being Determined ?
(Previous Supply Level > Current Supply Level ) if this statement is true then its s LH so the trend is bearish if this statement is false then its a HH so the trend is bullish
(Previous Demand Level > Current Demand Level ) if this statement is true then its a LL so the trend is bearish if this statement is false then its a HL so the trend is bullish
(Close > Current Supply Level ) if this statement is true technically price made a HH so the trend is bullish
(Close < Current Demand Level ) if this statement is true technically price made a LL so the trend is bearish
- Fully customize how you display and label Market Structure in specific timeframes. Line Length, Line Width, Line Style, Label Distance, Label Size, Label Background Size, and Background Color can all be customized.
- Lastly Is the Trend Chart. To Easily verify the current trend of any timeframes displayed by this indicator toggle on Chart On/Off . You also get the option to change the Chart Position and the size of the Trend Chart
*****The Current charts timeframe has to lower then a month to ensure correct calculation of Supply and Demand Levels*****
How it can be used ?
(Examples of Different ways you can use this indicator) : Easily categorize the severity of each and every Supply or Demand Level in the market (The higher the time frame the stronger the level)
: Quickly Determine the trend of any Timeframe
: Get a consistent view of a market and how different time frames are behaving but just use one chart.
: Take the discretion from hand drawing support and resistance lines out of your trading
: Find and categorize strong levels for potential breakouts
: Trend Analysis, Use multiple time frames to create a narrative based on observable facts from these time frames
: Different Targets to take money off the table
: Use labels to differentiate between different trend line setups
: Find Great places to move your stop loss too.
Parkinson's Historical Volatility Bands [Loxx]Parkinson's Historical Volatility Bands are constructed using:
Average as the middle line.
Upper and lower bands using the Parkinson's historical volatility (instead of "regular" Historical Volatility) for bands calculation.
What is Parkinson's Historical Volatility?
The Parkinson's number, or High Low Range Volatility developed by the physicist, Michael Parkinson in 1980, aims to estimate the Volatility of returns for a random walk using the High and Low in any particular period. IVolatility.com calculates daily Parkinson values. Prices are observed on a fixed time interval: n = 10, 20, 30, 60, 90, 120, 150, 180 days.
SH is stock's High price in t day.
SL is stock's Low price in t day.
High/Low Return (xt^HL) is calculated as the natural logarithm of the ratio of a stock's High price to stock's Low price.
Return:
And Parkinson's number: 1 / (4 * math.log(2)) * 252 / n * Σ (n, t =1) {math.log(Ht/Lt)^2}
An important use of the Parkinson's number is the assessment of the distribution prices during the day as well as a better understanding of the market dynamics. Comparing the Parkinson's number and periodically sampled volatility helps traders understand the tendency towards mean reversion in the market as well as the distribution of stop-losses.
The color of the middle line, unlike the bands colors, has 3 colors. When colors of the bands are the same, then the middle line has the same color, otherwise it's white.
Included
Alerts
Signals
Loxx's Expanded Source Types
Bar coloring
BTC Hashrate ribbonsBTC Hash Rate ribbons / Hash Rate cross
This strategy goes long when BTCs Hash Rate 30 day moving average crosses above the 60 day moving average, signifying that miner capitulation is over and recovery has started.
When the opposite signal is given, which signifies the beginning of miner capitulation, the strategy goes short (or flat, depending on configuration). This is generally considered the most popular Hash Rate related strategy.
The strategy is based on this medium article: medium.com
Thanks to the recent integration of IntoTheBlock data into Tradingview, we can now effortlessly show Hash Rate data on our chart,
keep in mind however, that IntoTheBlock doesn't provide Hash Rate data on timeframes below daily, so this strategy is based used on the daily, weekly or even monthly time frames.
Hash Rate definition:
The Bitcoin hash rate is the number of times per second that computers on the Bitcoin network are hashing data to verify transactions and perform the encryption that secures the network. The hash rate is an indicator of how healthy the Bitcoin network is at any given time, and is driven primarily by difficulty mining and the number of miners. Generally, a high hash rate is considered a good thing.
More precisely, the Bitcoin hash rate is the number of times per second that computers on the Bitcoin network are hashing data to verify transactions and perform the encryption that secures the network.
BTC Hashrate with smoothingBTC Hashrate with smoothing - thanks to the recent integration of IntoTheBlock data into Tradingview, we can now effortlessly show Hashrate data on our chart.
One popular use for Hashrate is to buy when the 30 day moving average crosses above the 60 day moving average, signifying that miner capitulation is over and recovery has started.
Definition
The Bitcoin hash rate is the number of times per second that computers on the Bitcoin network are hashing data to verify transactions and perform the encryption that secures the network. The hash rate is an indicator of how healthy the Bitcoin network is at any given time, and is driven primarily by difficulty mining and the number of miners. Generally, a high hash rate is considered a good thing.
More precisely, the Bitcoin hash rate is the number of times per second that computers on the Bitcoin network are hashing data to verify transactions and perform the encryption that secures the network.
MTF Fair Value Gap Indicator ULTRAFVG Fair Value Gap Indicator
FVG's commonly known as Fair Value Gaps are mostly in use for forex trading, however it’s been widely used in price action trading, even on regular large cap stocks. Think of it as an imbalance area where the price of the stock may actually be under/over valued due to many orders being injected in a short amount of time, ie . a gap caused by an impulse created by the speed of the price movement. In essence, the FVG can become a kind of magnet drawing the price back to that level to attempt to balance out the orders (when? we don't know). Please do research to understand the concept of FVG's.
You can look for an opportunity as price approaches the FVG for entry either long/short because after all, it is an "Area of Interest" so the price will either bounce or blow through the area. No indicator works 100% of the time so take in context as just another indicator. It tends work on larger time frames best.
IMPORTANT TV RELATED LIMITATIONS: You should take the time to understand the following. A MAXIMUM of 500 boxes and labels are allowed, thus if you elect to display many different time frames of FVGs and/or select to not auto delete old Daily FVGs, the oldest FVGs will be deleted and not be seen. Additionally if you are on a smaller chart time frame (1 min), you may not see older FVGs such as Daily ones that occurred and still exist from long ago. This is due to TV limitation of 20,000 candles of history in each chart timeframe. Example: A 1 minute chart supports approximately 14 days worth of data so looking for Daily FVGs would only go back that far, whereas if your chart was set to 5 minutes you'd be able to see 5 times as many, ie . 60 days worth of Daily FVG's. Obviously setting your chart and looking for Daily FVG's would support up to 20,000 days worth.
The Indicator Provides many different features:
*Creation of FVG's for all hours or just during market hours. Currently you can enable FVG’s for the following timeframes: Current chart timeframe, 5Min, 10Min, 15Min, 1Hr, 4Hr, 8Hr, Daily, Weekly, Monthly.
*Text label displays overlaying FVG bands including creation timestamps.
* Bands reflecting FVG's in action (created/deleted) for the current chart time frame, 15min, 1hr, 4hr, 8hr and daily time frames. The FVG's will be overlayed on the chart if enabled.
*Mitigation Action - Normal - When FVG is balanced out by price action, the FVG will disappear. Dynamic - The FVG band will decrease as the price movement eats into it thus only showing the remaining imbalance. None - For those that wish to retain FVG's even if they were mitigated. Half - FVG’s disappear when the price intrudes 50% of the overall FVG band zone.
*Mitigation Type - The elimination or balancing of the FVG is caused by either the candle wick or body passing completely through the FVG.
*Maximum FVGs - A maximum number of FVGs are created for each different enabled time frame (be aware setting a large number could impact system performance).
*All FVG band colors can be customized by the user.
* All FVG bands auto extend to the right.
* Intrusion Alerts - Trading View alerts are supported. You can use the indicator settings to enable an alert if the price intrudes into the FVG zone by a certain percentage. This is not related to mitigation or removal of the FVG, just a warning that price has reached the area of interest.
Net New Highs/Lows (With visible code)Basically the same script than Carusolnsights but without hidding the lines of code...
"This indicator displays the net number of stocks on the Nasdaq Composite making 52-week highs or lows. For instance, if there are 60 new 52-week highs and 20 new 52-week lows, the net number will display 40 net new 52 week highs. This indicator is particularty useful in gauging what the breadth is of the Nasdaq.
Three days of net 52-week highs show a healthy market which is conducive to increasing exposure. This condition is highlighted with a green background.
Three days of net 52-week lows show an unhealthy market which is conducive to reducing exposure. This condition is high|lighted with a red background."
Real-time price distribution in candlesThis indicator splits the candle time into 30 units to indicate where the price was at each time.
In the case of a 1-hour time zone, 60 minutes / 30 = 2 minutes, so this display the location of the price every 2 minutes.
In case of 1 minute time zone, it is displayed every 2 seconds.
CAUTION
If a transaction does not occur, the display may be omitted.
You can change the color of the opening and closing prices and the size of the dots.
Price Action in action
What?
Price Action in Action is an indicator to help Price Action learners and practitioners to get everything related for Price Action in one place.
Price Action is:
Price + Volume = Action
In this indicator, we have the following features available:
Support/Resistance
Using the RSI with different periods in a multiple of 7 (7, 14, 21, 28), we first determine the overbought (above 70, customizable) and oversold (below 30, customizable) regions. Then we pick up the highest point and lowest point in the RSI values in the overbought and oversold regions, respectively. These are the point, historically supply/demand emerged for surety to push down/up the RSI indicator and the corresponding price. So, these are the most accurate way, we believe, to draw support/resistance (or demand/supply) in the chart. By default, the Support is green color and Resistance is red color. To give a visual representation, we differentiate the different shades of green and red. For example, for Level-1 (i.e. 7 by default) we use the darkest shade (0 transparency) and Level-4 (i.e. 28 by default) we use lighter shade (60 transparency). Note please: you can customize the color of support and resistance lines (say if you want resistance as green and support as red). The respective shades (transparency) will be automatically adjusted accordingly. But those shade (transparency) levels are not customizable, they are fixed (please bear with it for version-1 at least).
Strength of Support/Resistance
In the chart above/below the Resistance / Support lines you can see the tiny labels with some numbers like 1, 2.
We found out how many times a particular support/resistance is appearing across multiple RSI periods. E.g. if price P1 appears 2 times among 4 different RSI periods, the number will be 2 for that calculation, and so on.
There can be multiple presence of these numbers in a support/resistance line (i.e. multiple tiny labels). Something like: 1, 1, 2 (into different candles). This means the same support/resistance is tested so many times in different occasion (means there is a RSI max/min coincides in this level over multiple occasions) at different candles.
This will help you to intuitionally gauge the “strength” of a support/resistance line.
The more the marrier, unworthy to mention.
Candle Stick Patterns
Well: we don’t need to tell anything about the Candlestick. All of you know it better than us. And it’s a time proven, zero-lag mechanism to judge the Price-Action is unfolding in the market. We do not know if there is anything better possible than this time tested patterns to judge the prevailing sentiments of market.
Price-Action does not complete without finding out the Candlestick Patterns correctly.
And in this indicator your will get all of these: Single Candle such as Doji (default off), Marubozu, Spinner, hammers, inverted-hammer etc. ; 2 candles like Tweezer, Inside Candle, Engulfing; 3 candles like morning star/evening star.
In the multi candle patterns (2/3 candles), we are grouping the candles with a dotted rectangle such that it is clear which 2/3 candles are part of the pattern. E.g. Morning Star: 3 candles are grouped in a dotted rectangle and the Morning Star label will come to the latest candle (3rd most – as the pattern is detected reliably only on the completion of the 3rd final candle).
Of course, any program can not eliminate your trained eyes and brain to capture the patterns. But we have provided sufficient knobs to adjust various parameters to tweak the candle-pattern detection. Such as Strict Inside Candle(Harami) Boolean knob where the whole current candle including wicks will be inside the body part of the previous big candle. For non-strict mode, the current candle just inside the previous candle, possibly by wicks.
To make it better usable, for every such knobs (which are not obvious) we have added user-friendly tooltip (just mouse hover the question mark (?) besides the control/switch). There are plenty of it.
Volume
Here we have a rudimentary (yet effective) way to judge the volumes.
We find out the Volume Weighted Moving Average (VMWA) of the 20-period (default, but customizable) and the latest volume. If the latest volume is more than the 20 period vwma, we just add a grey diamond on the top of the candle to denote it’s attracting volumes. Of course, we provide a Weight coefficient (default is set to 1). So if the current bar’s volume on bar’s completion is more than the 20 period volume vmwa times the weigh-cofficient, we mark it with a tiny grey diamond.
Points to be noted:
In all places we mark the indication only on the completion of the bar (technically speaking we have checks, as far as possible, with barstate.isconfirmed). However, if you wish, you can turn it off for Candlestick (as some experts may want to check candlestick on the real time, even before the closing of bars).
In case if you see the chart looks cluttered (because of many information, specially in smaller timeframes like 5 min), there are controls given in the settings to toggle each and every features.
By default, we turn off Doji candles (all 3 types of Doji’s – normal, Gravestone & Dragonfly) as they are mainly indecision. However, you can toggle it to turn it on.
It does not give you any Buy/Sell call. The interpretation it does not have.
Why?
What’s unique in it?
As we already mentioned our intention is to include Price (in forms of Support / Resistance), Volume and Action (sentiments in terms of Candlestick patterns) into a single place. And so far, to the best of our knowledge, we could not come across a single indicator provides all of these.
There were works available to determine the RSI based support / resistance zones. Those are great piece works at that time (lets say 3 years back when PineScript was in earlier versions). To the best of our knowledge those does not cover up finding out the lowest / highest point of RSI and the corresponding price to get the simplistic and distinct support/resistance lines.
We have the intuitive support/resistance strength included which we could not found out in current set of available indicators.
To the best of our knowledge, there seems no indicator can detect 3-candle patterns which are extremely popular to detect trend reversals (such as Morning Star or Evening Star). Moreover for the multi-candle patterns we are grouping the candles part of the pattens (2-candles or 3-candles) using a dotted rectangle such that it’s visually clearly (and a well educative material for Price-Action learners also).
Mentions:
There are many works which inspire us along the way. Honestly: we sometimes forgot which all indicators we experimented with. We are sincerely apologetic in case we forgot to mention. A few note-worthy:
There is an indicator from user “repo32” named as “Candlestick Patterns Identified (updated 3/11/15)”. (We could not be able to contact “repo32”). We are inspired from his work that it’s feasible to detect Candlestick patterns.
There is an awesome work done by “RSI Based Automatic Demand and Supply” by user “shtcoinr”. The idea of consulting multiple RSI levels to find out the demand/supply zone we inspired from him. (We did contact “shtcoinr” and got his kind permission to use the concept.)
We are greatly thankful to these abovementioned wizards for their pioneering a-prior work in this front.
And of course, this TradingView platform to provide this abstraction, facilitates and felicitates collaborative contributions.
Ultimately, what’s for you?
That’s the main question. What’s for you?
Price-action comprises of following 3 tasks (at least):
Draw support/resistance lines in the chart.
Once price reaches at the support/resistance line, you fervently look out the candles’ formation to mentally map to the candle patterns. Your aim is divine: You want to judge if the price-action will continue or take a rejection/reversal.
Then you double-confirm with the volume (in a non-overlaid chart below).
Finally take a trade.
For a price-action newbie or seasoned, expert practitioner, you must be doing all the above tasks regularly and manually, in a mechanical, mundane way. There come the humanly subjectivity & the inevitable emotions . This indicator, being a piece of program/code in PineScript latest version v5 , eliminates (or at least, reduces to a great extend) that subjectivity & emotions out of the way of decision making . Thus resulting better yield.
Of course, you can argue that you draw slanted trend lines also. We recommend an already existing indicator by user LuxAlgo named as “Trendlines with Breaks ”, if you wish so.
Disclaimer:
This piece of software does not come up with any warrantee or any rights of not changing it over the future course of time.
We are not responsible for any trading/investment decision you are taking out of the outcome of this indicator.
Happy trading.
Inspirational WatermarkPreface: I wanted code that could display a different string of text whenever the bar changed. Viewing a long string of text on the chart can look messy & crowded, so the string of text is displayed as a tooltip when hoving over the user-customizable watermark text/emoji.
About the Indicator: This is a simple educational script where I hand-picked 60-ish quotes related to trading and included them as tooltips in a watermark indicator. The indicator includes a bank of preset quotes, and calls a random quote upon each bar change. Advantages of a watermark include claiming idea ownership as well as preventing simple copy-paste idea piracy/resale/repost. The trader can fully customize the on-screen watermark text. The trader has the option to display the watermark as either a table or a label. Tables are stationary but easy to crop out, while labels move around but are difficult to crop out. Choose the right watermark type depending on the level of idea ownership & protection you require.
Features: Fully customizable watermark type, text, size, color, and position.
‼ IMPORTANT: Hover over the watermark to read a famous trading quote that changes every candle. Consider moving this indicator to the front of the visual order.
⚠ DISCLAIMER: Not financial advice. Not a trading system. DYOR. I am not in any way affiliated with any of the quoted authors.
RSI OS/OS Levels MTFThis plots the overbought and oversold (70 and 30) levels from RSI on price, there are often levels where a market will bounce or retrace/reverse.
By default it shows 15 min, 60 min and 4 hour levels but I intend to make these configurable along with some other stuff. For now it works how I use it, nice and simple
