The Balance of Power is an indicator that measures the strength of buyers versus that of sellers in the market, and needs to be smoothed by a moving average to be of much practical use (come to think of it, most indicators are smoothed by a moving average; this is why the RSI lookback mostly commonly used is 14, and not 1, but I digress...). I suppose it is...
Overview.
-This is the Beginning of a Educational Series from Jake Bernstein to the TradingView Community.
-Many Traders use the COT Data Incorrectly.
-Jake Discovered if You Look at the Net Commercials and Take Note When Commercials net Buying is Either At All Time Highs, Or Net Buying = Longest Period of Buying Look for an Extreme Move To the Upside.
-In The...
The purpose of this script is to decipher chop zones from runs/movement/explosion
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 black, a series of black bars is tight consolidation and should explode imminently. The...
This is an improvement of the script published by LazyBear,
The improvements are:
1. it includes gaps because it uses true range in stead of the current bar,
2. it has been turned into a percent oscillator as the basic algorithm belongs in the family of stochastic oscillators.
Unlike the usual stochatics I refrained from over the top averaging and smoothing,...
Overview.
-This is the Beginning of a Educational Series from Jake Bernstein to the TradingView Community.
-Many Traders use the COT Data Incorrectly.
-Jake Discovered if You Look at the Net Commercials and Take Note When Commercials net Buying is Either At All Time Highs, Or Net Buying = Longest Period of Buying Look for an Extreme Move To the Upside.
-In The...
This is a Strategy with associated visual indicators and Long/Short and Reverse/Close Position Alerts for the Choppiness Index (CHOP) . It is used to determine if the market is choppy (trading sideways) or not choppy (trading within a trend in either direction). CHOP is not directional, so a DMI script was ported into this strategy to allow for trend...
Excelente indicador a mi parecer, bastante complejo pero muy bien acoplado; dejo aquí las fuentes para aprender a utilizarlo:
www.x-trader.net
www.x-trader.net www.x-trader.net www.x-trader.net
Open Interest from legacy commitment of traders (COT) report. For the main symbol but also allows to override it. Also allows to include options in consideration.
Hi
Let me introduce my Bull And Bear Balance Indicator script.
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
Based On the "Chop and explode Indicator by fhenry0331
We Updated to Pine 5
- Added break out alerts and Signals
-Customize thresholds
How To use
when the line is blue confirmed Buy
Line is Red confirmed Sell
ALWAYS use in confirmation with your strategy and Trade with the trend.
Match with the on chart version for best results
Based on
Changes:
- red bars removed and replaced by silver ones
- yellow bar (start of new trend) had been added
- more parameters can be set in settings dialogue (SW constants as well)
**** Code updated. Make sure you pick up the latest version posted (not the code in the published chart) ******
An oscillator that represents the battle between the bulls and the bears in the market.
BOP supports spotting price divergence, trends, and overbought-oversold levels.A change in the BOP trend serves as a warning signal and should be confirmed by a...
Hi all,
here is an updated version of the indicator script I published yesterday.
The goal of this indicator is to try and find darkpool activity. The indicator itself is not enough to fully identify darkpool but it should be able to detect quiet accumulation. What makes this Balance of Power different from others on TV is that it is smoothed by using a moving...
NASDAQ Advance/Decline Line is a Market Breath indicator.
Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like!
A/D line calculates a ratio between total number of NASDAQ stocks advancing and total number of NASDAQ stocks in one day, providing another way to grasp the market breath at...
Uses build-in indicator "Chop Zone" which measures angle of EMA-34.
Buy when there are 3 consecutive turquoise bar.
Close when there are 3 consecutive non-turquoise bar.
This is my spin on the Chop Zone indicator. It was forked from the built-in TradingView Chop Zone indicator. There were several reasons for this effort...
The built-in indicator version had no real configuration options
It was hard-coded to use the 34-period EMA with fixed span sizes for identifying price range
There was no real context to the meaning of...
