Harmonic Rolling VWAP (Zeiierman)█ Overview
The Harmonic Rolling VWAP (Zeiierman) indicator combines the concept of the Rolling Volume Weighted Average Price (VWAP) with advanced harmonic analysis using Discrete Fourier Transform (DFT). This innovative indicator aims to provide traders with a dynamic view of price action, capturing both the volume-weighted price and underlying harmonic patterns. By leveraging this combination, traders can gain deeper insights into market trends and potential reversal points.
█ How It Works
The Harmonic Rolling VWAP calculates the rolling VWAP over a specified window of bars, giving more weight to periods with higher trading volume. This VWAP is then subjected to harmonic analysis using the Discrete Fourier Transform (DFT), which decomposes the VWAP into its frequency components.
Key Components:
Rolling VWAP (RVWAP): A moving average that gives more weight to higher volume periods, calculated over a user-defined window.
True Range (TR): Measures volatility by comparing the current high and low prices, considering the previous close price.
Discrete Fourier Transform (DFT): Analyzes the harmonic patterns within the RVWAP by decomposing it into its frequency components.
Standard Deviation Bands: These bands provide a visual representation of price volatility around the RVWAP, helping traders identify potential overbought or oversold conditions.
█ How to Use
Identify Trends: The RVWAP line helps in identifying the underlying trend by smoothing out short-term price fluctuations and focusing on volume-weighted prices.
Assess Volatility: The standard deviation bands around the RVWAP give a clear view of price volatility, helping traders identify potential breakout or breakdown points.
Find Entry and Exit Points: Traders can look for entries when the price is near the lower bands in an uptrend or near the upper bands in a downtrend. Exits can be considered when the price approaches the opposite bands or shows harmonic divergence.
█ Settings
VWAP Source: Defines the price data used for VWAP calculations. The source input defines the price data used for calculations. This setting affects the VWAP calculations and the resulting bands.
Window: Sets the number of bars used for the rolling calculations. The window input sets the number of bars used for the rolling calculations. A larger window smooths the VWAP and standard deviation bands, making the indicator less sensitive to short-term price fluctuations. A smaller window makes the indicator more responsive to recent price changes.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Volatilidad
IndexogramIndexogram is a platform designed to help traders analyze the Commitment of Traders (COT) report data. It specifically focuses on the Rate Of Change (ROC) of the COT data, visualized using a unique polyline plotting technique.
Commitments of Traders % Rate Of Change (%ROC):
The COT %ROC indicates the momentum of trader positions over a specified period. This measure is crucial for understanding shifts in market sentiment and potential future price movements.
Unique Polyline Plotting Technique:
Unlike traditional line or bar charts, the polyline plotting technique used in Indexogram offers a more nuanced and detailed view of the %ROC data.
Multiple Ticker Monitoring:
Indexogram allows the setup of up to five different tickers. Traders can assign different weightages to these tickers, enabling a customized and weighted view of their %ROC data. This feature is beneficial for tracking a diversified portfolio or comparing different assets.
Average ROI Plot:
An additional feature is the Average ROI plot, which provides the average return on investment (ROI) of the five selected tickers. This plot helps traders quickly assess the overall performance of their monitored assets.
Strategy for Traders
Diversified Monitoring:
By setting up five different tickers with varying weightages, traders can diversify their monitoring efforts across different assets or markets. This diversification helps in reducing risk and identifying opportunities in different sectors or asset classes.
Weightage Customization:
Assign weightages based on market conditions or personal trading strategy. For example, if a trader believes that commodities are likely to outperform equities in the near term, they can assign a higher weightage to commodities-related tickers.
Analyzing %ROC Trends:
Use the polyline plots to identify significant %ROC trends. A rising %ROC might indicate increasing momentum and a potential buying opportunity, while a falling %ROC could signal decreasing momentum and a potential selling opportunity.
Average ROI Analysis:
Use the Average ROI plot to gauge the overall performance of the selected assets. If the average ROI is positive and trending upwards, it indicates a generally favorable market condition for the monitored assets.
Tactical Adjustments:
Regularly review and adjust the selected tickers and their weightages based on changing market conditions, news, and personal insights. This flexibility allows traders to adapt their strategy in response to new information.
Important Notes:
Indexogram is a tool to identify potential tradings, not a guaranteed predictor of future price movements.
Trade Exit Calculator [MarketSignalsPro]█ OVERVIEW
This Pine Script calculates a Stop Loss and Take Profit order suggestion based on the Average True Range (ATR). This provides a market generated visual reference for the user to better gauge risk and profit potential for their trades. This is not a trade signal system, it is a tool best used in conjunction with an existing system.
█ FEATURES
Inputs:
stopLossMultiplier and takeProfitMultiplier : These are input parameters that allow the user to adjust the multiplier for calculating stop loss and take profit levels.
longIndicator : This input parameter determines whether the script is calculating levels for a long setup (buy) or a short setup (sell).
Variable Initialization:
Various variables are initialized to manage labels, lines, and calculated stop loss and take profit levels.
ATR (Average True Range) is calculated using a period of 14.
Calculation of Stop Loss and Take Profit:
Depending on the value of longIndicator stop loss and take profit levels are not calculated the same way.
For long setups, stop loss is calculated below the closing price and take profit above, while for short setups, it's the opposite.
The calculation involves multiplying the ATR value by the user-defined multipliers and adding or subtracting from the closing price accordingly.
Plotting Lines:
Lines representing the calculated stop loss, take profit, and entry price are plotted on the chart.
Displaying Labels:
Labels displaying the calculated stop loss, take profit, and entry price are shown on the chart alongside the respective lines.
Updating and Deleting Objects:
Existing lines and labels are updated or deleted to ensure only the most recent levels are displayed on the chart.
Final Output:
The script outputs visual representations of stop loss, take profit, and entry price levels on the chart, providing traders with guidance for risk management and profit-taking strategies based on the volatility of the market.
█ CONCLUSION
In summary, this Pine Script enhances trading strategies by calculating and illustrating stop loss and take profit levels based on the Average True Range indicator, offering traders a structured way to manage risk and profit potential.
█ THANKS
Special thanks to Cryptosnagger for taking the time to build this Pine Script and share it freely with the community.
Volatility and Volume by Hour EXT(Extended republication, use this instead of the old one)
The goal of this indicator is to show a “characteristic” of the instrument, regarding the price change and trading volume. You can see how the instrument “behaved” throughout the day in the lookback period. I've found this useful for timing in day trading.
The indicator creates a table on the chart to display various statistics for each hour of the day.
Important: ONLY SHOWS THE TABLE IF THE CHART’S TIMEFRAME IS 1H!
Explanation of the columns:
1. Volatility Percentage (Volat): This column shows the volatility of the price as a percentage. For example, a value of "15%" means the price movement was 15% of the total daily price movement within the hour.
2. Hourly Point Change (PointCh): This column shows the change in price points for each hour in the lookback period. For example, a value of "5" means the price has increased by 5 points in the hour, while "-3" means it has decreased by 3 points.
3. Hourly Point Change Percentage (PrCh% (LeverageX)): This column shows the percentage change in price points for each hour, adjusted with leverage multiplier. Displayed green (+) or red (-) accordingly. For example, a value of "10%" with a leverage of 2X means the price has effectively changed by 5% due to the leverage.
4. Trading Volume Percentage (TrVol): This column shows the percentage of the daily total volume that was traded in a specific hour. For example, a value of "10%" would mean that 10% of the day's total trading volume occurred in that hour.
5. Added New! - Relevancy Check: The indicator checks the last 24 candle. If the direction of the price movement was the same in the last 24 hour as the statistical direction in that hour, the background of the relevant hour in the second column goes green.
For example: if today at 9 o'clock the price went lower, so as at 9 o'clock in the loopback period, the instrument "behaves" according to statistics . So the statistics is probably more relevant for today. The more green background row the more relevancy.
Settings:
1. Lookback period: The lookback period is the number of previous bars from which data is taken to perform calculations. In this script, it's used in a loop that iterates over a certain number of past bars to calculate the statistics. TIP: Select a period the contains a trend in one direction, because an upward and a downward trend compensate the price movement in opposite directions.
2. Timezone: This is a string input that represents the user's timezone. The default value is "UTC+2". Adjust it to your timezone in order to view the hours properly.
3. Leverage: The default value is 10(!). This input is used to adjust the hourly point change percentage. For FOREX traders (for example) the statistics can show the leveraged percentage of price change. Set that according the leverage you trade the instrument with.
Use at your own risk, provided “as is” basis!
Hope you find it useful! Cheers!
Advanced Stochastic [CryptoSea]The Advanced Stochastic Indicator is a sophisticated tool designed to enhance market analysis through detailed stochastic calculations. This tool is built for traders who seek to identify market divergences and pivot points with higher accuracy.
Key Features
Multi-Layer Stochastic Analysis: Tracks both standard and smoothed stochastic values to provide a granular view of market momentum.
Divergence Detection: Automatically detects both regular and hidden bullish and bearish divergences, offering critical insights into potential market reversals.
Adaptive Oscillator Display: Features customizable display options for the stochastic oscillator, allowing traders to view data in Default, Histogram, or Both modes.
Customizable Lookback Periods: Users can set specific lookback periods for divergence analysis and stochastic calculations, tailoring the tool to fit various trading strategies.
In the example below, there is a bearish divergence above 0. You would first want the stoch to break below the 0 level as a show of strength, this would be an aggressive entry, a higher probability option would be to wait for the stoch to retest and reject from 0 which is what we have a few candles later.
How it Works
Stochastic Calculation: Computes the stochastic oscillator by smoothing the %K line over a user-defined period, then applying a second smoothing for the %D line.
Pivot Point Analysis: Utilizes advanced algorithms to find low and high pivot points based on the oscillator values, crucial for spotting trend reversals.
Colour-Coded Divergence Alerts: Utilizes color codes to highlight divergence signals directly on the chart, aiding in quick visual analysis.
Responsive Threshold Settings: Includes options to adjust the sensitivity of divergence detection, ensuring that only significant divergences are highlighted.
In the example below, we have 2 divergence signals. The first a bullish one which fails to break above 0. The second signal is given above 0 so you would want a retest and a show of strength when the stoch returns to 0 but it fails to hold. Both of these divergence signals are invalidated.
Application
Strategic Decision-Making: Assists traders in making informed decisions by providing detailed analysis of stochastic movements and divergence.
Trend Confirmation: Reinforces trading strategies by confirming potential reversals with pivot point detection and divergence analysis.
Customized Analysis: Adapts to various trading styles with extensive input settings that control the display and sensitivity of oscillator data.
The Advanced Stochastic Indicator by is an invaluable addition to a trader's toolkit, offering depth and precision in market trend analysis to navigate complex market conditions effectively.
Donchian Trend Ranges [AlgoAlpha]🚀🔗 Donchian Trend Ranges 🔗🚀
Elevate your trading game with the Donchian Trend Ranges indicator from AlgoAlpha! 🌟📈 This advanced tool helps you visualize market trends and potential reversal points using Donchian channels, volatility measures, and average true range (ATR).
Key Features
⚙️ Customizable Parameters: Adjust the lookback period and range multiplier to fit your trading style.
🎨 Color-Coded Trends: Easily distinguish between uptrends and downtrends with customizable colors.
📊 Dynamic Channels: Visualize multiple dynamic channels based on Donchian ranges and volatility.
☁️ Trend Clouds: See market strength and weakness with upper and lower trend clouds.
🔔 Signal Alerts: Get notified of potential trend shifts and take profit points.
How to Use
🛠 Add the Indicator: Add the indicator to favorites. Customize settings such as the lookback period and range multiplier to match your trading needs.
🔍 Analyze Trends: The indicator calculates the highest and lowest prices over a specified period to create dynamic channels. It then uses standard deviation and ATR to adjust these channels for market volatility, plotting upper and lower ranges. Green bars indicate an up trend and red bars for a down trend.
🔔 Set Alerts: Enable notifications for bullish and bearish trend shifts, as well as weak and strong take profit points, ensuring you never miss an opportunity.
How it Works
The Donchian Trend Ranges indicator calculates the highest and lowest prices over a specified period to create a basis line. It creates a range around the basis based on standard deviations and the clouds' width is determined by a 14 period ATR. The basis line and bar colors changes based on whether the closing price is above or below it, indicating trends. Clouds around these lines represent market reversal zones that can be used as entry levels when used in confluence with momentum indicators, visual signals ("X" and "◆") marking strong and weak take profit points are also printed when the prices revert from the clouds towards the basis. Integrated alerts notify you of significant events like trend shifts and take profit signals, keeping you informed without constant monitoring.
Unleash the power of the Donchian Trend Ranges in your trading strategy! 🌐📈✨
Kaufman Adaptive Moving Average (KAMA) Strategy [TradeDots]"The Kaufman Adaptive Moving Average (KAMA) Strategy" is a trend-following system that leverages the adaptive qualities of the Kaufman Adaptive Moving Average (KAMA). This strategy is distinguished by its ability to adjust dynamically to market volatility, enhancing trading accuracy by minimizing the effects of false and delayed signals often associated with the Simple Moving Average (SMA).
HOW IT WORKS
This strategy is centered around use of the Kaufman Adaptive Moving Average (KAMA) indicator, which refines the principles of the Exponential Moving Average (EMA) with a superior smoothing technique.
KAMA distinguishes itself by its responsiveness to changes in market prices through an "Efficiency Ratio (ER)." This ratio is computed by dividing the recent absolute net price change by the cumulative sum of the absolute price changes over a specified period. The resulting ER value ranges between 0 and 1, where 0 indicates high market noise and 1 reflects stronger market momentum.
Using ER, we could get the smoothing constant (SC) for the moving average derived using the following formula:
fastest = 2/(fastma_length + 1)
slowest = 2/(slowma_length + 1)
SC = math.pow((ER * (fastest-slowest) + slowest), 2)
The KAMA line is then calculated by applying the SC to the difference between the current price and the previous KAMA.
APPLICATION
For entering long positions, this strategy initializes when there is a sequence of 10 consecutive rising KAMA lines. Conversely, a sequence of 10 consecutive falling KAMA lines triggers sell orders for long positions. The same logic applies inversely for short positions.
DEFAULT SETUP
Commission: 0.01%
Initial Capital: $10,000
Equity per Trade: 80%
Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
ETH Long/Short Ratio BITFINEX - (ALPHRACTAL)Indicator Description: ETH Long/Short Ratio BITFINEX - (ALPHRACTAL)
The ETH Long/Short Ratio BITFINEX - (ALPHRACTAL) indicator provides a detailed analysis of Ethereum (ETH) long and short positions in USD and USDT on the Bitfinex exchange. This indicator is ideal for traders who want to monitor market behavior and better understand the relationship between long and short positions.
Features:
USD and USDT Long/Short Ratio:
Calculates and displays the ratio between long and short ETH positions in USD and USDT.
Helps identify market trends and the relative strength between buyers and sellers.
Color Configuration:
Allows customization of chart colors for clear and distinct visualization of USD and USDT ratios.
Uses colors with adjustable transparency to enhance chart visibility.
Label Display:
Option to show or hide labels indicating the type of ratio (USD or USDT) at the latest chart value.
Labels are useful for quickly identifying the visualized ratio.
Display Control:
Option to enable or disable the display of individual USD and USDT ratio charts.
Flexibility to view only the relevant data for your analysis.
How to Use:
Add the indicator to your chart to visualize the long/short ratios of ETH in USD and USDT.
Adjust colors and transparency as per your preference for better visual distinction.
Use the option to show or hide labels for quick identification of the data.
Analyze the relationship between long and short positions to make informed trading decisions, observing market buying and selling trends.
Example Use Cases:
Market Sentiment Analysis: An increase in the Long/Short ratio may indicate bullish sentiment among traders, while a decrease may indicate bearish sentiment.
Identifying Opportunities: Significant discrepancies between USD and USDT ratios may signal arbitrage opportunities or alert to significant market movements.
This indicator is a powerful tool for Ethereum traders who want a deeper understanding of market behavior and the dynamics of long and short positions on Bitfinex. Add the ETH Long/Short Ratio BITFINEX - (ALPHRACTAL) to your technical analysis toolkit and gain an edge in your trading strategy.
Color Stochastic IndicatorThis Pine Script™ indicator, "Color Stochastic Indicator," is designed to visualize the stochastic oscillator with color-coded trends and shaded background levels, providing a clearer understanding of market trends and potential trading signals.
Key Features:
Customizable Parameters:
K Period: The period for the %K line in the stochastic calculation (default: 50).
D Period: The period for the %D line, which is the moving average of %K (default: 13).
Slowing: The slowing factor applied to the stochastic calculation (default: 2).
Smoothing: A factor for additional smoothing of the stochastic values (default: 1.0).
Use Crossover: Option to determine trend based on the crossover of %K and %D lines.
Display Levels: Option to show significant stochastic levels on the chart (0.2, 0.5, 0.8).
Price Field: Selection of the price field used in calculations.
Stoch Width: Line width for the %K line.
Signal Width: Line width for the %D line.
Background Colors:
Upper Level Background: Shaded area between 0.5 and 0.8 with a customizable color.
Lower Level Background: Shaded area between 0.2 and 0.5 with a customizable color.
Color-Coded Trends:
Wait (Gray): Neutral state when no clear trend is detected.
Uptrend (Green): Indicates a potential buying signal.
Downtrend (Red): Indicates a potential selling signal.
Signal Line (Blue): Represents the %D line for clearer signal identification.
Alerts:
Customizable alerts trigger when the trend changes, providing timely notifications for potential trade opportunities.
How It Works:
Stochastic Calculation:
The %K line is calculated based on the selected K Period.
The %D line is a simple moving average (SMA) of the %K line over the D Period.
Additional smoothing is applied to both %K and %D lines using the specified Smoothing factor.
Fisher Transform:
The script applies a Fisher transform to the smoothed %K values, enhancing the clarity of trend signals.
Trend Determination:
If Use Crossover is enabled, the trend is determined based on the crossover of smoothed %K and %D lines.
If Use Crossover is disabled, the trend is determined based on whether the smoothed %K value is above or below 0.5.
Background Shading:
Fixed background colors are applied using hline and fill functions, highlighting the specified levels on the chart (0.2, 0.5, 0.8).
Plotting:
The smoothed %K line is plotted with color coding based on its value relative to the %D line and threshold levels.
The %D line is plotted for reference.
How to Use:
Adding the Indicator:
Copy and paste the provided Pine Script™ code into a new indicator script in TradingView.
Save and add the indicator to your desired chart.
Configuring Parameters:
Adjust the input parameters (K Period, D Period, Slowing, etc.) according to your trading strategy and preferences.
Enable or disable the Use Crossover option based on whether you prefer trend determination by crossover or threshold.
Interpreting Signals:
Observe the color-coded %K line to identify potential buy (green) and sell (red) signals.
Use the shaded background areas to quickly assess overbought (0.5 to 0.8) and oversold (0.2 to 0.5) conditions.
Monitor alerts for trend changes to take timely trading actions.
Alerts Setup:
Set up custom alerts based on the provided alert conditions to receive notifications when the trend changes.
Originality:
This script combines the stochastic oscillator with color-coding and background shading for enhanced visualization.
It introduces a unique Fisher transform application to the smoothed %K values.
The crossover and threshold-based trend determination options provide flexibility for different trading strategies.
Customizable alert messages help traders stay informed about trend changes in real time.
By incorporating these features, the "Color Stochastic Indicator" offers a comprehensive tool for traders seeking to leverage stochastic analysis with improved clarity and actionable insights.
KillZones Hunt + Sessions [TradingFinder] Alert & Volume Ranges🟣 Introduction
🔵 Session
Financial markets are divided into various time segments, each with its own characteristics and activity levels. These segments are called sessions, and they are active at different times of the day.
The most important active sessions in financial markets are :
1. Asian Session
2. European Session
3. New York Session
The timing of these major sessions based on the UTC time zone is as follows :
1. Asian Session: 23:00 to 06:00
2. European Session: 07:00 to 16:30
3. New York Session: 13:00 to 22:00
Note
To avoid overlap between sessions and interference in kill zones, we have adjusted the session timings as follows :
• Asian Session: 23:00 to 06:00
• European Session: 07:00 to 14:25
• New York Session: 14:30 to 22:55
🔵 Kill Zones
Kill zones are parts of a session where trader activity is higher than usual. During these periods, trading volume increases and price fluctuations are more intense.
The timing of the major kill zones based on the UTC time zone is as follows :
• Asian Kill Zone: 23:00 to 03:55
• European Kill Zone: 07:00 to 09:55
• New York Morning Kill Zone: 14:30 to 16:55
• New York Evening Kill Zone: 19:30 to 20:55
This indicator focuses on tracking the kill zone and its range. For example, once a kill zone ends, the high and low formed during it remain unchanged.
If the price reaches the high or low of the kill zone while the session is still active, the corresponding line is not drawn any further. Based on this information, various strategies can be developed, and the most important ones are discussed below.
🟣 How to Use
There are three main ways to trade based on the kill zone :
• Kill Zone Hunt
• Breakout and Pullback to Kill Zone
• Trading in the Trend of the Kill Zone
🔵 Kill Zone Hunt
According to this strategy, once the kill zone ends and its high and low lines no longer change, if the price reaches one of these lines within the same session and is strongly rejected, a trade can be entered.
🔵 Breakout and Pullback to Kill Zone
According to this strategy, once the kill zone ends and its high and low lines no longer change, if the price breaks one of these lines strongly within the same session, a trade can be entered on the pullback to that level.
Trading in the Trend of the Kill Zone
We know that kill zones are areas where high-volume trading occurs and powerful trends form. Therefore, trades can be made in the direction of the trend. For example, when an upward trend dominates this area, you can enter a buy trade when the price reaches a demand order block.
🟣 Features
🔵 Alerts
You can set alerts to be notified when the price hits the high or low lines of the kill zone.
🔵 More Information
By enabling this feature, you can view information such as the time and trading volume within the kill zone. This allows you to compare the trading volume with the same period on the previous day or other kill zones.
🟣 Settings
Through the settings, you have access to the following options :
• Show or hide additional information
• Enable or disable alerts
• Show or hide sessions
• Show or hide kill zones
• Set preferred colors for displaying sessions
• Customize the time range of sessions
• Customize the time range of kill zones
Rolling VWAPThe Rolling VWAP indicator is a powerful technical analysis tool designed to help traders identify significant price levels and potential reversal points. This indicator combines a rolling volume-weighted average price (VWAP) with multiple standard deviation bands to provide a dynamic view of price volatility and market trends.
Key Features:
Rolling VWAP Calculation: The indicator calculates the VWAP using the high, low, and close prices (HLC3) over a user-defined rolling period. This VWAP is then plotted on the chart, providing a reliable benchmark for average price levels over a specified timeframe.
Adjustable Timeframes: Users can select from multiple timeframes (1 hour, 4 hours, 1 day, 3 days, 1 week) to calculate the RVWAP, allowing flexibility to analyze market trends over different periods.
Multiple Standard Deviation Bands: The indicator includes up to five adjustable standard deviation bands, each with customizable multipliers. These bands are plotted around the RVWAP to indicate potential support and resistance levels, helping traders identify areas of high and low volatility.
Customizable Display Settings: Users can toggle the visibility of each band and adjust their colors and transparency, making it easy to tailor the indicator to their specific analysis needs.
How to Use:
Selecting the VWAP Timeframe: Choose the desired timeframe for VWAP calculation from the options provided (1 hour, 4 hours, 1 day, 3 days, 1 week). This allows you to analyze price action over different periods and identify significant trends.
Adjusting Band Multipliers: Customize the multipliers for each standard deviation band to suit your trading strategy. By default, the indicator includes bands with multipliers of 2.0, 2.5, 3.0, 3.5, and 4.0. Adjust these values based on your preferred levels of price deviation.
Interpreting the Bands: The standard deviation bands provide key insights into market volatility. Inner Bands (e.g., 2.0 StdDev) indicate areas of normal price fluctuation. Price movement within these bands is generally considered stable. Outer Bands (e.g., 3.5 or 4.0 StdDev) highlight extreme price deviations. Price reaching these bands may signal overbought or oversold conditions, potentially leading to reversals.
Combining with Other Indicators: Enhance your analysis by using this indicator in conjunction with other technical tools such as moving averages, RSI, or MACD. This helps confirm signals and improve trading decisions.
Best Practices:
Trend Identification: Use the Rolling VWAP to identify the prevailing market trend. A rising VWAP indicates an uptrend, while a falling VWAP suggests a downtrend.
Support and Resistance Levels: The standard deviation bands act as dynamic support and resistance levels. Monitor price action around these bands for potential entry and exit points.
Volatility Analysis: Wider bands indicate higher market volatility, while narrower bands suggest lower volatility. Adjust your trading strategy accordingly based on the observed volatility levels.
24/7 Trading Instruments: This indicator is particularly useful for instruments that trade 24/7 and do not have defined sessions, such as cryptocurrencies. Unlike a session-anchored VWAP, the rolling VWAP provides a continuous measure of average price levels, making it ideal for analyzing markets that operate around the clock.
By integrating the Rolling VWAP indicator into your trading routine, you can gain a deeper understanding of price dynamics and make more informed trading decisions. Whether you are a day trader, swing trader, or long-term investor, this indicator provides valuable insights to help you navigate the markets with confidence.
Trend Angle IndicatorTrend Angle Indicator
Description
The Trend Angle Indicator is designed to measure the strength of a trend by calculating the angle of the trend.
Specifically, it computes the angle of a Simple Moving Average (SMA) over a specified length and then applies
an Exponential Moving Average (EMA) to the angle for smoothing.
This approach provides a clear indication of the trend's direction and intensity.
It also includes customizable alerts for significant changes in the trend angle and zero-line crossings,
making it a robust tool for traders seeking to gauge market momentum.
Key Features
- **Trend Angle Calculation**: Measures the trend's angle, providing insights into trend direction and strength.
- **SMA and EMA**: Uses SMA for the base calculation and EMA for smoothening the angle values.
- **Visual Trend Indication**: Visually indicates uptrends and downtrends with customizable colors - red and green.
- **Alerts**: Configurable alerts for significant changes in trend angle and zero-line crossings.
Calculation Methodology
1. **Simple Moving Average (SMA):**
- The script calculates the SMA of the close price over a user-defined `input_length`.
2. **Angle Calculation:**
- The height of the trend is calculated by subtracting the SMA value from the SMA value `input_length` bars ago. A higher angle value indicates a stronger trend.
- The angle in degrees is obtained using the arctangent function: \
3. **Exponential Moving Average (EMA):**
- Applies an EMA to the calculated angle to smooth out the values based on a user-defined `input_ma_length`.
4. **Trend Detection:**
The color of the angle plot and filled area provide a quick visual representation of the current trend direction
- The trend angle changes are monitored and visualized with color-coded plots.
- Uptrend: Angle >= 0 uses `upColor` (green).
- Downtrend: Angle < 0 uses `downColor` (red).
#### Using the Indicator
1. **Adding the Indicator:**
- Add the indicator to your TradingView chart by selecting it from the Pine Script library or by pasting the script into the Pine Script editor.
2. **Inputs:**
- **Length**: Defines the period for the SMA calculation.
- **MA Length**: Sets the period for the EMA smoothing.
- **Angle Change Threshold (degrees)**: Defines the threshold for significant angle change alerts.
- **Color Candles**: Optionally colorizes the price candles based on the angle's trend direction.
3. **Customizing Plots:**
- **Angle Plot**: Displays the EMA of the trend angle. The color changes based on whether the trend is up or down.
- **Zero Line**: A horizontal line at zero to easily visualize crossings that signify a change in trend direction.
- **Fill Color**: Fills the area above/below the zero line with colors representing the direction of the trend.
4. **Setting Alerts:**
- **Cross Above Zero**: Triggers an alert when the trend angle crosses above zero, indicating a potential start of an uptrend.
- **Cross Below Zero**: Triggers an alert when the trend angle crosses below zero, indicating a potential start of a downtrend.
- **Significant Angle Change**: Alerts when the angle change exceeds the user-defined threshold, highlighting significant trend changes.
#### Example Usage
To use and customize the Trend Angle Indicator on your chart:
1. **Add to Chart**: Apply the indicator from the TradingView library or by pasting the script into the Pine Script editor.
2. **Configure Inputs**:
- Adjust the `Length` to set the period for the SMA.
- Set the `MA Length` for the EMA smoothing.
- Define the `Angle Change Threshold` for receiving alerts on significant changes.
3. **Display Customization**:
- Enable `Color Candles` to have the price candles reflect the trend direction.
4. **Set Alerts**:
- Use the alert conditions provided to get notified about critical events like zero line crossings or significant angle changes.
Trend Following Parabolic Buy Sell Strategy [TradeDots]The Trend Following Parabolic Buy-Sell Strategy leverages the Parabolic SAR in combination with moving average crossovers to deliver buy and sell signals within a trend-following framework.
This strategy synthesizes proven methodologies sourced from various trading tutorials available on platforms such as YouTube and blogs, enabling traders to conduct robust backtesting on their selected trading pairs to assess the strategy's effectiveness.
HOW IT WORKS
This strategy employs four key indicators to orchestrate its trading signals:
1. Trend Alignment: It first assesses the relationship between the price and the predominant trendline to determine the directional stance—taking long positions only when the price trends above the moving average, signaling an upward market trajectory.
2. Momentum Confirmation: Subsequent to trend alignment, the strategy looks for moving average crossovers as a confirmation that the price is gaining momentum in the direction of the intended trades.
3. Signal Finalization: Finally, buy or sell signals are validated using the Parabolic SAR indicator. A long order is validated when the closing price is above the Parabolic SAR dots, and similarly, conditions are reversed for short orders.
4. Risk Management: The strategy institutes a fixed stop-loss at the moving average trendline and a take-profit level determinable by a prefixed risk-reward ratio calculated from the moving average trendline. These parameters are customizable by the users within the strategy settings.
APPLICATION
Designed for assets exhibiting pronounced directional momentum, this strategy aims to capitalize on clear trend movements conducive to achieving set take-profit targets.
As a lagging strategy that waits for multiple confirmatory signals, entry into trades might occasionally lag beyond optimal timing.
Furthermore, in periods of consolidation or sideways movement, the strategy may generate several false signals, suggesting the potential need for additional market condition filters to enhance signal accuracy during volatile phases.
DEFAULT SETUP
Commission: 0.01%
Initial Capital: $10,000
Equity per Trade: 70%
Users are advised to adjust and personalize this trading strategy to better match their individual trading preferences and style.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Advanced RSI [CryptoSea]The Advanced RSI Duration (ARSI) is a unique tool crafted to deepen your market insights by focusing on the duration the Relative Strength Index (RSI) spends above or below key thresholds. This innovative approach is designed to help traders anticipate potential market reversals by observing sustained overbought and oversold conditions.
Core Feature
Duration Monitoring ARSI's standout feature is its ability to track how long the RSI remains in overbought (>70) or oversold (<30) conditions. By quantifying these durations, traders can gauge the strength of current market trends and the likelihood of reversals.
Enhanced Functionality
Multi-Timeframe Flexibility : Analyze the RSI duration from any selected timeframe on your current chart, offering a layered view of market dynamics.
Customizable Alerts : Receive notifications when the RSI maintains its position above or below set levels for an extended period, signaling sustained market pressure.
Visual Customization : Adjust the visual elements, including colors for overbought and oversold durations, to match your analytical style and preferences.
Label Management : Control the frequency of labels marking RSI threshold crossings, ensuring clarity and focus on significant market events.
Settings Overview
RSI Timeframe & Length : Tailor the RSI calculation to fit your analysis, choosing from various timeframes and period lengths.
Threshold Levels : Define what you consider overbought and oversold conditions with customizable upper and lower RSI levels.
Duration Alert Threshold : Set a specific bar count for how long the RSI should remain beyond these thresholds to trigger an alert.
Visualization Options : Choose distinct colors for durations above and below thresholds, and adjust label visibility to suit your charting approach.
Application & Strategy
Use ARSI to identify potential turning points in the market
Trend Exhaustion : Extended periods in overbought or oversold territories may indicate a strong trend but also warn of possible exhaustion and impending reversals.
Comparative Analysis : By evaluating the current duration against historical averages, traders can assess the relative strength of ongoing market conditions.
Strategic Entries/Exits : Utilize duration insights to refine entry and exit points, capitalizing on the predictive nature of prolonged RSI levels.
Alert Conditions
The Advanced RSI (ARSI) offers critical alert mechanisms to aid traders in identifying prolonged market conditions that could lead to actionable trading opportunities. These conditions are designed to alert traders when the RSI remains at extremes longer than typical durations, signaling sustained market behaviors.
Above Upper Level Alert: This alert is triggered when the RSI sustains above the upper threshold (usually 70) for more than the configured duration, indicating strong bullish momentum or potential overbought conditions.
Below Lower Level Alert: Similarly, this alert is activated when the RSI stays below the lower threshold (commonly 30) for an extended period, suggesting significant bearish momentum or potential oversold conditions.
These alerts enable traders to respond swiftly to extend market conditions, enhancing their strategy by providing timely insights into potential trend reversals or continuations.
The Advanced RSI Duration Analysis empowers traders with a nuanced understanding of market states, beyond mere RSI values. It highlights the significance of how long markets remain in extreme conditions, offering a predictive edge in anticipating reversals. Whether you're strategizing entries or preparing for shifts in market momentum, ARSI is your companion for informed trading decisions.
TASC 2024.06 REIT ETF Trading System█ OVERVIEW
This strategy script demonstrates the application of the Real Estate Investment Trust (REIT) ETF trading system presented in the article by Markos Katsanos titled "Is The Price REIT?" from TASC's June 2024 edition of Traders' Tips .
█ CONCEPTS
REIT stocks and ETFs offer a simplified, diversified approach to real estate investment. They exhibit sensitivity to interest rates, often moving inversely to interest rate and treasury yield changes. Markos Katsanos explores this relationship and the correlation of prices with the broader market to develop a trading strategy for REIT ETFs.
The script employs Bollinger Bands and Donchian channel indicators to identify oversold conditions and trends in REIT ETFs. It incorporates the 10-year treasury yield index (TNX) as a proxy for interest rates and the S&P 500 ETF (SPY) as a benchmark for the overall market. The system filters trade entries based on their behavior and correlation with the REIT ETF price.
█ CALCULATIONS
The strategy initiates long entries (buy signals) under two conditions:
1. Oversold condition
The weekly ETF low price dips below the 15-week Bollinger Band bottom, the closing price is above the value by at least 0.2 * ATR ( Average True Range ), and the price exceeds the week's median.
Either of the following:
– The TNX index is down over 15% from its 25-week high, and its correlation with the ETF price is less than 0.3.
– The yield is below 2%.
2. Uptrend
The weekly ETF price crosses above the previous week's 30-week Donchian channel high.
The SPY ETF is above its 20-week moving average.
Either of the following:
– Over ten weeks have passed since the TNX index was at its 30-week high.
– The correlation between the TNX value and the ETF price exceeds 0.3.
– The yield is below 2%.
The strategy also includes three exit (sell) rules:
1. Trailing (Chandelier) stop
The weekly close drops below the highest close over the last five weeks by over 1.5 * ATR.
The TNX value rises over the latest 25 weeks, with a yield exceeding 4%, or its value surges over 15% above the 25-week low.
2. Stop-loss
The ETF's price declines by at least 8% of the previous week's close and falls below the 30-week moving average.
The SPY price is down by at least 8%, or its correlation with the ETF's price is negative.
3. Overbought condition
The ETF's value rises above the 100-week low by over 50%.
The ETF's price falls over 1.5 * ATR below the 3-week high.
The ETF's 10-week Stochastic indicator exceeds 90 within the last three weeks.
█ DISCLAIMER
This strategy script educates users on the system outlined by the TASC article. However, note that its default properties might not fully represent real-world trading conditions for an individual. By default, it uses 10% of equity as the order size and a slippage amount of 5 ticks. Traders should adjust these settings and the commission amount when using this script. Additionally, since this strategy utilizes compound conditions on weekly data to trigger orders, it will generate significantly fewer trades than other, higher-frequency strategies.
Noise Area Indicator with Gap AdjustmentsThis version of the Noise Area Pine Script, developed with the assistance of ChatGPT, includes adjustments for opening gaps to better account for overnight price changes that affect the market open. This Pine Script is designed to provide traders with a dynamic visualization of the Noise Area based on the volatility of the last 14 trading days. It calculates the upper and lower boundaries using the daily opening price, representing typical price movements relative to the open. This helps identify significant deviations, potentially indicating the start of a trend.
Features:
Captures and adjusts for gaps between the previous day's close and the current day's open, allowing for more precise trend analysis.
Sets the Noise Area boundaries using both the daily opening price and the previous day's closing price, ensuring that sudden market moves are adequately considered.
Measures deviations in price from the opening, averaged over the last 14 days to calculate absolute movements.
Plots upper and lower boundaries on the chart, providing a visual guide for traders to assess market volatility.
Includes a dynamically plotted daily opening price, serving as a consistent reference point for market open conditions.
Usage:
This indicator is particularly useful for day traders and short-term traders who need to understand intraday volatility and pinpoint potential breakout points, aiding in the strategic planning of entry and exit points based on historical volatility patterns relative to the daily open (with gap adjustments).
Wilder's ChannelThe Wilder’s channel is a typical channel indicator made of 2 Wilder’s average from the high and low price over a “p” period, factorized by the Average True Range value over “atx” period.
Indicator from Kevin Britain library.
"Wilder's Channel," which is plotted on the chart overlay to assist traders in visualizing potential support and resistance levels. This script uses a combination of Wilder's Moving Average and the Average True Range (ATR) to create a channel around price movements. Here's a breakdown of how it works and its benefits:
Trend Confirmation: The channel helps confirm the current trend direction. If prices are consistently near the upper boundary, it suggests an uptrend, and vice versa for a downtrend.
Support and Resistance Levels: The Upper and Lower lines serve as dynamic support and resistance levels, which can help traders identify potential entry and exit points.
Volatility Insight: The width of the channel gives insight into market volatility. A wider channel indicates higher volatility, while a narrower channel suggests less volatility.
Trade Management: The buffer zones can be used for additional decision-making points, such as tightening stop-loss orders or preparing for potential breakouts or pullbacks.
Volatility ATR Support and Resistance Bands [Quantigenics]Volatility ATR Support and Resistance Bands
The “Volatility ATR Support and Resistance Bands” is a trend visualization tool that uses Average True Range (ATR) to create a dynamic channel around price action, adapting to changes in volatility and offering clear trend indicators. The band direction can indicate trend and the lines can indicate support and resistance levels.
The script works by calculating a series of moving averages from the highest and lowest prices, then applies an ATR-based multiplier to generate a set of bands. These bands expand and contract with the market’s volatility, providing a visual guide to the strength and potential direction of price movements.
How to Trade with Volatility ATR Band:
Identify Trend Direction: When the bands slope upwards, the market is trending upwards, which may be a good opportunity to consider a long position. When the bands slope downward, the market is trending downwards, which could be a sign to sell or short.
Volatility Awareness: The wider the bands, the higher the market volatility. Narrow bands suggest a quieter market, which might indicate consolidation or a potential breakout/breakdown.
Confirm Entries and Exits: Use the bands as dynamic support and resistance; entering trades as the price bounces off the bands and considering exits as it reaches the opposite side or breaches the bands.
Hope you enjoy this script!
Happy trading!
Institutional Activity Index [AlgoAlpha]🌟 Introducing the Institutional Activity Index by AlgoAlpha 🌟
Welcome to a powerful new indicator designed to gauge institutional trading activity! This cutting-edge tool combines volume analysis with price movement to derive a unique index that shines a spotlight on potential institutional moves in the market. 🎯📈
Key Features:
🔍 Normalization Period : Adjust the look-back period for normalization to tailor the sensitivity to your trading strategy.
📊 Moving Average Types : Choose from SMA, HMA, EMA, RMA, WMA, or VWMA to smooth the index and pinpoint trends.
🌈 Color-Coded Trends : Instant visual feedback on index trend direction with customizable up and down colors.
🔔 Alerts : Set alerts for when the index shows increasing activity, decreasing activity, or has reached a peak.
Quick Guide to Using the Institutional Activity Index:
1. 📝 Add the Indicator: Add the indicator to favorites. Adjust the normalization period, MA type, and peak detection settings to match your trading style.
2. 📈 Market Analysis: Similar to volume that reflects the amount of collective trading activity, this index reflects an estimate of the amount of trading activity by institutions. A higher value means that institutions are trading the asset more, this can mean selling or buying as the indicator does not indicate direction . Look out for peak signals, which may indicate that institutions have already secured positions in preparation for a move in price.
3. 🔔 Set Alerts: Enable alerts to notify you when there is a significant change in the activity levels or a new peak is detected, allowing for timely decisions without constant monitoring.
How It Works: 🛠
It is common knowledge that institutions trade with high amounts of capital, but employ tactics so as to not move the price significantly when entering on positions. This can be done by entering in times of high liquidity so that when an institution buys, there are enough sellers to cancel out the price movements and prevent a huge pump in price and vice versa. The Institutional Activity Index calculates liquidity by measuring the volume relative to the price range (close-open). This value is smoothed using median and a user defined moving average type and period, enhancing its clarity. If normalization is enabled, the index is adjusted relative to its range over a user-defined period, making the data comparable across different conditions.
Embrace this innovative tool to enhance your trading insights and strategies! 🚀✨
Johnny's Adjusted BB Buy/Sell Signal"Johnny's Adjusted BB Buy/Sell Signal" leverages Bollinger Bands and moving averages to provide dynamic buy and sell signals based on market conditions. This indicator is particularly useful for traders looking to identify strategic entry and exit points based on volatility and trend analysis.
How It Works
Bollinger Bands Setup: The indicator calculates Bollinger Bands using a specified length and multiplier. These bands serve to identify potential overbought (upper band) or oversold (lower band) conditions.
Moving Averages: Two moving averages are calculated — a trend moving average (trendMA) and a long-term moving average (longTermMA) — to gauge the market's direction over different time frames.
Market Phase Determination: The script classifies the market into bullish or bearish phases based on the relationship of the closing price to the long-term moving average.
Strong Buy and Sell Signals: Enhanced signals are generated based on how significantly the price deviates from the Bollinger Bands, coupled with the average candle size over a specified lookback period. The signals are adjusted based on whether the market is bullish or bearish:
In bullish markets, a strong buy signal is triggered if the price significantly drops below the lower Bollinger Band. Conversely, a strong sell signal is activated when the price rises well above the upper band.
In bearish markets, these signals are modified to be more conservative, adjusting the thresholds for triggering strong buy and sell signals.
Features:
Flexibility: Users can adjust the length of the Bollinger Bands and moving averages, as well as the multipliers and factors that determine the strength of buy and sell signals, making it highly customizable to different trading styles and market conditions.
Visual Aids: The script vividly plots the Bollinger Bands and moving averages, and signals are visually represented on the chart, allowing traders to quickly assess trading opportunities:
Regular buy and sell signals are indicated by simple shapes below or above price bars.
Strong buy and sell signals are highlighted with distinctive colors and placed prominently to catch the trader's attention.
Background Coloring: The background color changes based on the market phase, providing an immediate visual cue of the market's overall sentiment.
Usage:
This indicator is ideal for traders who rely on technical analysis to guide their trading decisions. By integrating both Bollinger Bands and moving averages, it provides a multi-faceted view of market trends and volatility, making it suitable for identifying potential reversals and continuation patterns. Traders can use this tool to enhance their understanding of market dynamics and refine their trading strategies accordingly.
Daily Chart ATR & Movement %This Pine Script, titled "Daily ATR & Movement %," is designed for traders looking to gauge volatility and price movements relative to that volatility directly on their trading chart. The script calculates and displays the Average True Range (ATR) over a 14-day period using daily data, alongside the percentage movement of the current price from the previous day's close, scaled by the ATR. These metrics provide a snapshot of daily volatility and the magnitude of price movements within that context, which can be crucial for making informed trading decisions, especially in markets where volatility is a significant factor.
Key Features:
Daily ATR Calculation: Utilizes the ta.atr(14) function to compute the Average True Range on a daily basis, which measures market volatility by decomposing the entire range of asset prices for that day.
Movement Percentage: The script calculates the movement from yesterday’s closing price to today’s current price as a percentage of the daily ATR. This shows how significant today's price change is relative to the typical daily volatility, which helps in understanding whether the price movement is substantial or trivial.
Customizable Label Display: Traders can customize the display through a user input dropdown menu for label size ("small", "normal", "large", "huge") and a slider for vertical offset. This allows for better visibility and customization based on user preference and screen setup.
Dynamic Label Updates: A label is dynamically updated each bar with the latest ATR value and movement percentage. This ongoing update keeps traders informed in real-time without manual recalculations.
How to Use:
Setup: Apply the indicator to any chart.
Customization: Adjust the label size and vertical position to suit your viewing preference using the script’s input options.
Interpretation: Monitor the displayed ATR value and movement percentage to assess volatility and relative price movements. High percentages could indicate significant moves worth trading, while low percentages suggest minor changes.
This script is particularly useful for traders who rely on volatility-based trading strategies, such as breakout trading, where understanding the context of price movements relative to typical market fluctuations can provide a strategic edge.
Consolidation Score ScreenerIn trading, a consolidation range is like a timeout after a big move in the price of a stock or symbol.
It's when the market takes a breather, neither pushing the price up nor down too hard.
Visually, it looks like the price moving sideways on a chart , with highs and lows staying within a certain range.
so this indicator is created to help myself and you decide if its a ranging market and what's the score of that consolidation range
The score ranges between 0 and 10 , where 10 is the max consolidation score , meaning this stock or the symbol is at its highest peak of consolidation .
What would you see using this indicator ?
Symbols circles , inside these circles it will print the consolidation score ..
in the middle of the indicator it will show the range of all the 20 symbols scores .
so it will give you like overall ranging value for your 20 symbols
Settings :
TimeFrame : TimeFrame input to select which time frame you want your indicator to analysis
Range length : The Range that you would want your indicator to take into consideration when doing its analysis .
Features :
20 symbols analysis
Multi timeframe capability
Enjoy .
Enhanced Predictive ModelThe "Enhanced Predictive Model" is a sophisticated TradingView indicator designed for traders looking for advanced predictive insights into market trends. This model leverages smoothed price data through an Exponential Moving Average (EMA) to ensure a more stable trend analysis and mitigate the effects of price volatility.
**Features of the Enhanced Predictive Model:**
- **Linear Regression Analysis**: Calculates a regression line over the smoothed price data to determine the prevailing market trend.
- **Predictive Trend Line**: Projects future market behavior by extending the current trend line based on the linear regression analysis.
- **EMA Smoothing**: Utilizes a dynamic smoothing mechanism to provide a clear view of the trend without the noise typically associated with raw price data.
- **Visual Trend Indicators**: Offers immediate visual cues through bar coloring, which changes based on the trend direction detected by the regression slope. Green indicates an uptrend, while red suggests a downtrend.
**Key Inputs:**
- **Regression Length**: Determines the number of bars used for the regression analysis, allowing customization based on the user's trading strategy.
- **EMA Length**: Sets the smoothing parameter for the EMA, balancing responsiveness and stability.
- **Future Bars Prediction**: Defines how many bars into the future the predictive line should extend, providing foresight into potential price movements.
- **Smoothing Length**: Adjusts the sensitivity of the trend detection, ideal for different market conditions.
This tool is ideal for traders focusing on medium to long-term trends and can be used across various markets, including forex, stocks, and cryptocurrencies. Whether you are a day trader or a long-term investor, the "Enhanced Predictive Model" offers valuable insights to help anticipate market moves and enhance your trading decisions.
**Usage Tips:**
- Best used in markets with moderate volatility for clearer trend identification.
- Combine with volume indicators or oscillators for a comprehensive trading strategy.
**Recommended for:**
- Trend Following
- Market Prediction
- Volatility Assessment
By employing this indicator, traders can not only follow the market trend but also anticipate changes, giving them a strategic edge in their trading activities.
