Entry Weight Indicator(Dual Labels)이 지표는 트레이더가 동적으로 진입 비중을 결정할 수 있도록 도와주는 도구입니다. 이전 캔들의 종가를 기준으로 두 가지 다른 진입 비중을 계산하여 표시합니다.
주요 특징:
1. 두 가지 진입 비중 계산:
- 저점 기준 (EW Long): 이전 캔들 종가와 룩백 기간 내 최저가 사이의 거리를 기준으로 계산
- 고점 기준 (EW Short): 이전 캔들 종가와 룩백 기간 내 최고가 사이의 거리를 기준으로 계산
2. 시각적 표시:
- 초록색 라벨 (EW Long): 캔들 위에 표시
- 빨간색 라벨 (EW Short): 캔들 아래에 표시
- 룩백 기간 내 최고가와 최저가를 녹색과 빨간색 선으로 표시
3. 사용자 정의 파라미터:
- 원하는 손실 비율 (Desired Loss Percentage)
- 레버리지 (Leverage)
- 룩백 기간 (Lookback Period)
4. 추가 정보 표시:
- 차트 우측 상단에 이전 종가, 최고가, 최저가, 손실 비율 등의 정보를 표시
사용 방법:
1. 원하는 손실 비율, 레버리지, 룩백 기간을 설정합니다.
2. 차트에 표시되는 라벨을 통해 각 캔들에 대한 두 가지 진입 비중을 확인합니다.
3. EW Long (초록색)은 Long 진입 시 비중을, EW Short (빨간색)는 Short 진입 시 비중을 나타냅니다.
주의: 이 지표는 투자 시 직접적인 성과를 가져다주는 지표가 아니며, 실제 거래 결정 시에는 다른 분석 도구와 함께 사용하는 것이 좋습니다.
This indicator is a tool that helps traders dynamically determine their entry weight. It calculates and displays two different entry weights based on the closing price of the previous candle.
Key features:
1. Calculation of two entry weights:
- Low-based (EW Long): Calculated based on the distance between the previous candle's close and the lowest price within the lookback period
- High-based (EW Short): Calculated based on the distance between the previous candle's close and the highest price within the lookback period
2. Visual display:
- Green label (EW Long): Displayed above the candle
- Red label (EW Short): Displayed below the candle
- Highest and lowest prices within the lookback period are shown as green and red lines
3. User-defined parameters:
- Desired Loss Percentage
- Leverage
- Lookback Period
4. Additional information display:
- Information such as previous close, highest price, lowest price, and loss percentage is displayed in the upper right corner of the chart
How to use:
1. Set the desired loss percentage, leverage, and lookback period.
2. Check the two entry weights for each candle through the labels displayed on the chart.
3. EW Long (green) represents the entry weight for long positions, while EW Short (red) represents the entry weight for short positions.
Caution: This indicator does not directly lead to investment performance. When making actual trading decisions, it is advisable to use it in conjunction with other analytical tools.
Chỉ số High-Low
Last Candle OHLC (Ticks or Points)What the Code Does
1. **Draws Lines and Labels**:
- It draws lines on your chart to show the high, low, open, and close prices from the previous period (like the previous day or week).
- It also labels these lines with numbers that tell you how far the current price is from these levels.
2. **Shows Price Movement**:
- You can see how far the price has moved from these levels in terms of small price changes (ticks) or larger units (points).
- This helps you understand price movements and potential levels of support or resistance.
3. **Customizable**:
- You can choose whether to show these lines and labels, and you can select if you want to see the movement in ticks or points.
- The lines can extend into the future on your chart to help you anticipate where prices might be in the coming days.
### How It’s Useful:
1. **Identify Key Levels**:
- It helps you spot important price levels from past periods, which can act as support or resistance.
2. **Understand Price Movement**:
- You get a visual sense of how much the price has moved from key levels, which can help you gauge market volatility.
3. **Plan Trades**:
- By seeing where the price has been and how it has moved, you can better plan your trades, like deciding where to enter or exit based on these levels.
4. **Flexible for Different Markets**:
- It works across various markets, like stocks, futures, and forex, adjusting to the specific characteristics of each instrument.
In short, this tool helps you visualize and understand past price movements and levels on your chart, aiding in your trading decisions.
Bloodbath IndicatorThis indicator identifies days where the number of new 52-week lows for all issues exceeds a user-defined threshold (default 4%), potentially signaling a market downturn. The background of the chart turns red on such days, providing a visual alert to traders following the "Bloodbath Sidestepping" strategy.
Based on: "THE RIPPLE EFFECT OF DAILY NEW LOWS," By Ralph Vince and Larry Williams, 2024 Charles H. Dow Award Winner
threshold: Percentage of issues making new 52-week lows to trigger the indicator (default: 4.0).
Usage:
The chart background will turn red on days exceeding the threshold of new 52-week lows.
Limitations:
This indicator relies on historical data and doesn't guarantee future performance.
It focuses solely on new 52-week lows and may miss other market signals.
The strategy may generate false positives and requires further analysis before trading decisions.
Disclaimer:
This script is for informational purposes only and should not be considered financial advice. Always conduct your own research before making any trading decisions.
Stock WatchOverview
Watch list are very common in trading, but most of them simply provide the means of tracking a list of symbols and their current price. Then, you click through the list and perform some additional analysis individually from a chart setup. What this indicator is designed to do is provide a watch list that employs a high/low price range analysis in a table view across multiple time ranges for a much faster analysis of the symbols you are watching.
Discussion
The concept of this Stock Watch indicator is best understood when you think in terms of a 52 Week Range indication on many financial web sites. Taken a given symbol, what is the high and the low over a 52 week range and then determine where current price is within that range from a percentage perspective between 0% and 100%.
With this concept in mind, let's see how this Stock Watch indicator is meant to benefit.
There are four different H/L ranges relative to the chart's setting and a Scope property. Let's use a three month (3M) chart as our example and set the indicator's Scope = 4. A 3M chart provides three months of data in a single candle, now when we set the Scope = 4 we are stating that 1X is going to look over four candles for the high/low range.
The Scope property is used to determine how many candles it is to scan to determine the high/low range for the corresponding 1X, 3X, 5X and 10X periods. This is how different time ranges are put into perspective. Using a 3M chart with Scope = 4 would represent the following time windows:
- 1X = 3M * 4 is a 12 Months or 1 Year High/Low Range
- 3X = 3M * 4 * 3 is a 36 Months or 3 Years High/Low Range
- 5X = 3M * 4 * 5 is a 60 Months or 5 Years High/Low Range
- 10X = 3M * 4 * 10 is a 120 Months or 10 Years High/Low Range.
With these calculations, the indicator then determines where current price is within each of these High/Low ranges from a percentage perspective between 0% and 100%.
Once the 0% to 100% value is calculated, it then will shade the value according to a color gradient from red to green (or any other two colors you set the indictor to). This color shading really helps to interpret current price quickly.
The greater power to this range and color shading comes when you are able to see where price is according to price history across the multiple time windows. In this example, there is quick analysis across 1 Year, 3 Year, 5 Year and 10 Year windows.
Now let's further improve this quick analysis over 15 different stocks for which the indicator allows you to watch up to at any one time.
For value traders this is huge, because we're always looking for the bargains and we wait for price to be in the value range. Using this indicator helps to instantly see if price has entered a value range before we decide to do further analysis with other charting and fundamental tools.
The Code
The heart of all this is really very simple as you can see in the following code snippet. We're simply looking for the highest high and lowest low across the different scopes and calculating the percentage of the range where current price is for each symbol being watched.
scope = baseScope
watch1X = math.round(((watchClose - ta.lowest(watchLow, scope)) / (ta.highest(watchHigh, scope) - ta.lowest(watchLow, scope))) * 100, 0)
table.cell(tblWatch, columnId, 2, str.format("{0, number, #}%", watch1X), text_size = size.small, text_color = colorText, bgcolor = getBackColor(watch1X))
//3X Lookback
scope := baseScope * 3
watch3X = math.round(((watchClose - ta.lowest(watchLow, scope)) / (ta.highest(watchHigh, scope) - ta.lowest(watchLow, scope))) * 100, 0)
table.cell(tblWatch, columnId, 3, str.format("{0, number, #}%", watch3X), text_size = size.small, text_color = colorText, bgcolor = getBackColor(watch3X))
Conclusion
The example I've laid out here are for large time windows, because I'm a long term investor. However, keep in mind that this can work on any chart setting, you just need to remember that your chart's time period and scope work together to determine what 1X, 3X, 5X and 10X represent.
Let me try and give you one last scenario on this. Consider your chart is set for a 60 minute chart, meaning each candle represents 60 minutes of time and you set the Stock Watch indicator to a scope = 4. These settings would now represent the following and you would be watching up to 15 different stocks across these windows at one time.
1X = 60 minutes * 4 is 240 minutes or 4 hours of time.
3X = 60 minutes * 4 * 3 = 720 minutes or 12 hours of time.
5X = 60 minutes * 4 * 5 = 1200 minutes or 20 hours of time.
10X = 60 minutes * 4 * 10 = 2400 minutes or 40 hours of time.
I hope you find value in my contribution to the cause of trading, and if you have any comments or critiques, I would love to here from you in the comments.
Hi-Lo-GaugesIntroducing the 'Hi-Lo-Gauges' indicator, a powerful tool designed to provide a comprehensive visual representation of key price metrics. This indicator leverages up to 8 preset gauges, each catering to a specific aspect of market data:
All-time high and low
Current 52 Weeks high and low
Current Annual High and Low
Current Semi-Annual High and Low
Current Quarterly High and Low
Current Monthly High and Low
Current Weekly High and Low
Current Daily High and Low
Users have the flexibility to choose all 8 or selectively display specific gauges. For each metric, the gauge dynamically adapts, with the low value set as the minimum and the high value as the maximum. Measurement options include utilizing the highest and lowest closes or the literal highest and lowest prices.
The active price of the underlying asset serves as the reference point, allowing users to gauge the percentage move on the scale between the chosen minimum and maximum. Complete customization is at the users' fingertips, enabling them to tailor the indicator's appearance to suit their preferences.
With 'Hi-Lo-Gauges,' traders and analysts can intuitively monitor and interpret diverse price metrics, fostering a deeper understanding of market dynamics and supporting more informed decision-making.
Note: 'Hi-Lo-Gauges' is visible and applicable exclusively on the daily timeframe due to the nature of the metrics used.
Cumulative New Highs - New LowsIndicator that plots the cumulative number of 52-Week New Highs minus New Lows with an added moving average. Settings allow the choice between S&P 500, Nasdaq 100 or the Overall Market as Index. You can also customize the length of the moving average.
High and low of last D, W, 4W and quaterThis script shows you the Highs and Lows from multiple candels from some different timeframes. They are the 1D, 1W, 4W (a month basically), and 3M (a quater). The indicator offery you many customization option to make it look how you like it best
Previous Day High and Low + Separators Daily/WeeklyPrevious Day High and Low + Separators Daily/Weekly is an indicator based on separators of days and weeks and at the same time points out the previous highs and lows, everything is marked by lines, it consists of creating a clean graph and separated by the different trading days, referring to the extreme points created the previous day.
USEAGE
Point to each day of the week at the top of the chart to get a time location in your trading week and day sparation determined by 00:00 of any timezone.
The reference of the previous day's higs and LOWS is vitally important to understand which direction is most likely for the next day, either continuation or reversal.
DETAILS
As you can see you will be able to adapt these lines according to your chart design and with the desired intensity of appearance.
SETTINGS
UTC OFFSET: Determine your TIMEZONE in this section.
DAILY SEPARATOR: You have the option to change the color, style, width and text color.
WEEKLY SEPARATOR: You have the option to change the color, style, width and text color.
PREVIOUS HIGS & LOWS: You have the option to change the color, style, width and text color.
Cumulative Net Highs-Lows (4 Week)Plots the cumulative total of net new highs minus lows over the past 4 weeks and the 10 ema of the calculation. Settings allow choice of NYSE and Nasdaq. Signal shading for when the indicator is above the 10 ema, showing a rising trend of net highs-lows. Similar to the TC2000 T2123 indicator.
Dynamic Day Lines-1Dynamic Day Lines. These lines are dynamic and they detect high, low and mid of the day. Above midline, day is bullish and below mid line day is bearish. If price is at high of the day, and starts to move down, I wont be bearish until it breaks the midline and wait patiently.
Exchange Net Highs-LowsDisplays the net new 52 week highs - 52 week lows for either the NYSE or Nasdaq. Select colors and moving average input within the settings.
QFL Screener [ ZCrypto ]The QFL Screener is a robust tool inspired by Quickfingersluc's trading strategy.
Known as the Base Strategy or Mean Reversals, QFL focuses on identifying moments of panic selling and buying , presenting opportunities to enter trades at deeply discounted prices.
The QFL Screener is designed to enhance your trading efficiency by simultaneously scanning 40 symbols.
You have the flexibility to enable or disable specific symbols from the screening process, allowing you to tailor the screener to your preferred markets and instruments.
The Screener has a built-in alerts system . As soon as the QFL conditions align for any of the scanned symbols, you'll receive instant notifications, empowering you to take prompt action and seize potential trading opportunities.
In addition, I've incorporated a visual element to complement the alerts. Once the conditions are true, a green arrow shape will appear directly on the chart, providing a clear and intuitive signal of the QFL opportunity.
To provide a clear overview, our screener presents a comprehensive table that highlights when the QFL condition becomes true for each symbol. This table acts as a visual guide, enabling you to monitor the status of multiple symbols at a glance, streamlining your trading decision-making process.
With the QFL Screener, you gain an edge in identifying profitable trade setups based on Quickfingersluc's renowned approach. Experience the convenience of simultaneous screening, real-time alerts, and an intuitive table display, all in one user-friendly tool.
NSDT Custom High and Low LinesFirst, the credit for the original script to plot a High and Low between a certain time goes to developer paaax.
I took that idea, converted it to Pinescript V5, cleaned up the code, and added a few more lines so you can plot different levels based on time of day.
Published open source like the original.
The example shown has:
Blue - plotting from the start of the Futures Asian session to the start of the Futures USA Session. (6:00PM - 9:30AM Eastern)
Yellow - plotting from the start of the Futures Europe session to the start of the Futures USA Session. (3:00AM - 9:30AM Eastern)
Green - plotting from the start of the Futures US Premarket session to the start of the Futures USA Session. (8:00AM - 9:30AM Eastern)
These are great levels to use for breakouts and/or support and resistance.
Combine these levels with the 5 min Open Range levels, as you have some good trades.
Each of the three sessions have individual start and end times that can be modified by the trader, so you can easily mark off important areas for your style of trading.
BTC Log High/LowThis indicator aims to display the price index of Bitcoin based on its logarithmic high and low values. Indicator calculates the logarithmic high and low values of Bitcoin using specific mathematical formulas and then applies a price index formula to obtain a value for each bar on the chart. The resulting value is plotted on the chart as a line, representing the Bitcoin price index.
The indicator also includes several horizontal lines at specific levels, which can be adjusted by the user. The lines are used to indicate important price levels and act as support and resistance levels. Additionally, the indicator includes two moving averages, a 100-period exponential moving average (EMA) and a 200-period EMA, which can be used to identify trends.
Opening Range & Daily and Weekly PivotsThis script is for a combination of two indicators: an Opening Range Breakout (ORB) indicator and a daily/weekly high/low pivot indicator. The ORB indicator displays the opening range (the high and low of the first X minutes of the trading day, where X is a user-defined parameter) as two lines on the chart. If the price closes above the ORB high, the script triggers an alert with the message "Price has broken above the opening range." Similarly, if the price closes below the ORB low, the script triggers an alert with the message "Price has broken below the opening range."
The daily/weekly high/low pivot indicator plots the previous day's high and low as well as the previous week's high and low. If the current price closes above yesterday's high or last week's high, the script triggers an alert with the messages "We are now trading higher than the previous daily high" and "We are now trading higher than the last week high", respectively. If the current price closes below yesterday's low or last week's low, the script triggers an alert with the messages "We are now trading lower than the previous daily low" and "We are now trading lower than the last week low", respectively.
In addition to the visual representation on the chart, the script also triggers alerts when the price crosses any of these levels. These alerts are intended to help traders make decisions about entering or exiting trades based on the price action relative to key levels of support and resistance.
Rev FX Avg SpreadThis script intends to give you the average bid/ask price when using FX trade function on Revolut.
Best used with OANDA markets as the price source.
Market Structure MA Based BOS [liwei666]
🎲 Overview
🎯 This BOS(Break Of Structure) indicator build based on different MA such as EMA/RMA/HMA, it's usually earlier than pivothigh() method
when trend beginning, customer your BOS with 2 parameters now.
🎲 Indicator design logic
🎯 The logic is simple and code looks complex, I‘ll explain core logic but not code details.
1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under,
not use func ta.pivothigh()/ta.pivotlow()
2. once price reaching EMA’s SWING High/Low, draw a line link High/Low to current bar, labled as BOS
3. find regular pattern benefit your trading.
🎲 Settings
🎯 there are 4 input properties in script, 2 properties are meaningful in 'GRP1' another 2 are display config in 'GRP2'.
GRP1
MA_Type: MA type you can choose(EMA/RMA/SMA/HMA), default is 'HMA'.
short_ma_len: MA length of your current timeframe on chart
GRP2
show_short_zz: Show short_ma Zigzag
show_ma_cross_signal: Show ma_cross_signal
🎲 Usage
🎯 BOS signal usually worked fine in high volatility market, low volatility is meaningless.
🎯 We can see that it performs well in trending market of different symbols, and BOS is an opportunity to add positions
BINANCE:BTCUSDTPERP
BINANCE:ETHUSDTPERP
🎯 MA Based signal is earlier than pivothigh()/pivotlow() method when trend beginning. it means higher profit-loss rate.
🎯 any questions or suggestion please comment below.
Additionally, I plan to publish 20 profitable strategies in 2023; indicatior not one of them,
let‘s witness it together!
Hope this indicator will be useful for you :)
enjoy! 🚀🚀🚀
Session High and Low IndicatorThis script is meant for stocks that have a pre-market session. It is meant to be used on the 1 min time frame. This script will draw a green line at the high of pre-market, and a red line at the low of pre-market and extend these lines across the regular session day
This makes it easy to see if price action during regular market has broken above pre-market high or broken below pre-market low.
The high/low skips any quick spikes in price action (similar to what happens at 8:30 am every day).
One Minute Algo Run (OMAR)OMAR marks the High and Low range of the opening candle (1min is recommended default for trading this) based on the current time frame in current session.
Additionally it marks recommended 1x and 2x extensions of the ranges for taking profit that may also be adjusted as needed.
Symbols at Highs & LowsFor the chosen symbols (Defaults to XLV, XLF, IWM, QQQ), this displays a table that indicates (by color) if each symbol is at the high or low of day. When used with the main indexes, If all symbols are at highs or lows together, this can be a great indicator that a trend day is occurring in the market. You can customize the indicator to use up to 8 symbols of your choice. You can also customize the appearance so that it only displays an "All symbols are at the Lows/Highs" message. Finally, you can customize the % threshold to use when measuring how close to the high/low of day price needs to be in order to be considered "at high/low of day".
Day_Week_High_LowPlot lines for Daily weekly high and low. It helps to find support and resistance for weekly option trading. Weekly high low acts as Support and resistance.
5MSM BRAHMA//Created By Patrick199415
//High Low DayBox
study(title="High Low DayBox", shorttitle="High Low DayBox", overlay=true)
st = input(true, title="Show Todays OHLC?")
// sy = input(false, title="Show Yesterdays OHLC?")
ph = security(tickerid, 'D', high)
// pdh = security(tickerid, 'D', high)
pl = security(tickerid, 'D', low)
// pdl = security(tickerid, 'D', low)
//offs_daily = 0
plot(st and ph ? ph : na, title="Daily High", style=line, linewidth=1, color=blue)
//plot( sy and pdh ? pdh : na, title="Previous Daily High", style=cross, linewidth=1, color=lime)
plot(st and pl ? pl : na, title="Daily Low", style=line, linewidth=1, color=red)
//plot( sy and pdl ? pdl : na, title="Previous Daily Low", style=cross, linewidth=1, color=red)
HH & LL ScalperThis script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points.
Generally HH and HL shows up-trend, LL and LH shows down-trend.
If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically.
If you use smaller numbers for left/right bars then it will be more sensitive.
