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TASC 2024.07 Gaps and Extreme Closes█ OVERVIEW This script, inspired by Perry Kaufman's article "Trading Opening Gaps and Extreme Closes in Stocks" from the  TASC's July 2024 edition of Traders' Tips , provides analytical insights into stock price behaviors following significant price moves. The information about the frequency, pullbacks, and closing patterns of these extreme price movements can aid in developing more effective trading strategies by understanding what to expect during volatile market conditions. █ CONCEPTS Perry Kaufman's article investigates the behavior of stock prices following substantial opening gaps and extreme closing moves to identify patterns and expectations that traders can utilize to make informed decisions. The motivation behind the article is to offer traders a more scientific approach to understanding price movements during volatile market conditions, particularly during earnings season or significant economic events. Kaufman's analysis reveals that stock prices have a history of exhibiting certain behaviors after substantial price gaps and extreme closes. This script follows Perry Kaufman's study and helps provide insight into how prices often behave after significant price changes. This analysis can help traders establish price movement expectations and potential strategies for trading such occurrences. █ CALCULATIONS Input Parameters: This script offers users the choice to analyze "Opening Gaps" or "Extreme Closes" for price movements of different predefined magnitudes in a specified direction ("Upward" or "Downward"). Outputs: Based on the specified inputs, the script performs the following calculations for the active ticker displayed on the chart: Frequency of Extreme Price Movements : Quantifies the occurrences of directional price movements within predefined percentage ranges. Average Pullbacks : Computes the average retracement (pullback) from analyzed price movements within each percentage range. Average Closes : Analyzes the typical closing behavior relative to the directional price movements within each range. The script organizes the results from these calculations within the table on a separate chart pane, providing users with helpful insights into how a stock historically behaved following significant price movements.
Chỉ báo Pine Script®
bởi PineCodersTASC
4
Pre-COVID High and COVID LowOverview The "Pre-COVID High and COVID Low" indicator is designed to identify and mark significant price levels on your chart, specifically targeting the pre-COVID-19 high and the low during the initial COVID-19 market impact. This script is particularly useful for traders who are interested in analyzing how stocks or other financial instruments reacted during the onset of the COVID-19 pandemic, providing a historical perspective that may help in making informed trading decisions. How It Works Date Ranges : The script uses predefined date ranges to calculate the highest and lowest price levels before and during the early stages of the COVID-19 pandemic. These ranges are: Pre-COVID High: Between January 1, 2020, and March 31, 2020. COVID Low: Between March 1, 2020, and March 31, 2020. Calculation Method : The highest price during the pre-COVID period is tracked and recorded as the "Pre-COVID High". The lowest price during the specified COVID period is tracked and recorded as the "COVID Low". Visibility Conditions : The script includes logic to ensure that these historical levels are only displayed if they fall within a range close to the current visible price range on the chart. This prevents the indicator from compressing the price scale unduly. How to Use It Adding to Your Char t: To use this indicator, add it to any chart on TradingView. It works best with daily time frames to clearly visualize the impact over these specific months. Interpretation : The "Pre-COVID High" is marked with a red line and is labeled the first day it becomes applicable. The "COVID Low" is marked with a green line and is similarly labeled on its applicable day. Trading Strategy Consideration : Traders can use these historical levels as potential support or resistance zones for their trading strategies. These levels can indicate significant price points where the market previously showed strong reactions.
Chỉ báo Pine Script®
bởi east3rd
Gap Finder by DarkoexeThis indicator plots labels that indicate gaps whenever the open price and the previous bar close price have a significant gap. To determine the size the gap has to be before it is labeled at a specific point in time on the chart. The gap needs to be larger or equal to a factor of an ATR value. For example, if the ATR gap factor is 0.25, the gap between the open and the previous close price must be greater than 0.25*ATR of the ATR length specified for the gap to be plotted on the chart. Note: If you don't know what the ATR or average true range is, search for "ATR" in indicators. It is one of Trading View's most fundamental indicators.
Chỉ báo Pine Script®
bởi Darkoexe
Normalized Performance ComparisonThis script visualizes the relative performance of a primary asset against a benchmark composed of three reference assets. Here's how it works: User Inputs: - Users specify ticker symbols for three reference assets (default: Platinum, Palladium, Rhodium). Data Retrieval: - Fetches closing prices for the primary asset (the one the script is applied to) and the three reference assets. Normalization: - Each asset's price is normalized by dividing its current price by its initial price at the start of the chart. This allows for performance comparison on a common scale. Benchmark Creation: - The normalized prices of the three reference assets are combined to create a composite benchmark. Ratio Calculation: - Computes the ratio of the normalized primary asset price to the combined normalized benchmark price, highlighting relative performance. Plotting: - Plots this ratio as a blue line on the chart, showing the primary asset's performance relative to the benchmark over time. This script helps users quickly assess how well the primary asset is performing compared to a set of reference assets.
Chỉ báo Pine Script®
bởi wiggium
ATH/ATL Tracker [LuxAlgo]The ATH/ATL Tracker effectively displays changes made between new All-Time Highs (ATH)/All-Time Lows (ATL) and their previous respective values, over the entire history of available data. The indicator shows a histogram of the change between a new ATH/ATL and its respective preceding ATH/ATL. A tooltip showing the price made during a new ATH/ATL alongside its date is included. 🔶 USAGE By tracking the change between new ATHs/ATLs and older ATHs/ATLs, traders can gain insight into market sentiment, breadth, and rotation. If many stocks are consistently setting new ATHs and the number of new ATHs is increasing relative to old ATHs, it could indicate broad market participation in a rally. If only a few stocks are reaching new ATHs or the number is declining, it might signal that the market's upward momentum is decreasing. A significant increase in new ATHs suggests optimism and willingness among investors to buy at higher prices, which could be considered a positive sentiment. On the other hand, a decrease or lack of new ATHs might indicate caution or pessimism. By observing the sectors where stocks are consistently setting new ATHs, users can identify which sectors are leading the market. Sectors with few or no new ATHs may be losing momentum and could be identified as lagging behind the overall market sentiment. 🔶 DETAILS The indicator's main display is a histogram-style readout that displays the change in price from older ATH/ATLs to Newer/Current ATH/ATLs. This change is determined by the distance that the current values have overtaken the previous values, resulting in the displayed data. The largest changes in ATH/ATLs from the ticker's history will appear as the largest bars in the display. The most recent bars (depending on the selected display setting) will always represent the current ATH or ATL values. When determining ATH & ATL values, it is important to filter out insignificant highs and lows that may happen constantly when exploring higher and lower prices. To combat this, the indicator looks to a higher timeframe than your chart's timeframe in order to determine these more significant ATHs & ATLs. For Example: If a user was on a 1-minute chart and 5 highs-new highs occur across 5 adjacent bars, this has the potential to show up as 5 new ATHs. When looking at a higher timeframe, 5 minutes, only the highest of the 5 bars will indicate a new ATH. To assist with this, the indicator will display warnings in the dashboard when a suboptimal timeframe is selected as input. 🔹 Dashboard The dashboard displays averages from the ATH/ATL data to aid in the anticipation and expectations for new ATH/ATLs. The average duration is an average of the time between each new ATH/ATL, in this indicator it is calculated in "Days" to provide a more comprehensive understanding. The average change is the average of all change data displayed in the histogram. 🔶 SETTINGS Duration: The designated higher timeframe to use for filtering out insignificant ATHs & ATLs. Order: The display order for the ATH/ATL Bars, Options are to display in chronological (oldest to newest) or reverse chronological order (newest to oldest). Bar Width: Sets the width for each ATH/ATL bar. Bar Spacing: Sets the # of empty bars in between each ATH/ATL bar. Dashboard Settings: Parameters for the dashboard's size and location on the chart.
Chỉ báo Pine Script®
bởi LuxAlgo
HTF Descending TriangleHTF Descending Triangle aims at detecting descending triangles using higher time frame data, without repainting nor misalignment issues. Descending triangles are defined by a falling upper trend line and an horizontal lower trend line. It is a chart pattern used in technical analysis to predict the continuation of a downtrend. This indicator can be useful if you, like me, believe that higher time frames can offer a broader perspective and provide clearer signals, smoothing out market noise and showing longer-term trends. You can change the indicator settings as you see fit to tighten or loosen the detection, and achieve the best results for your use case. Features It draws the detected descending triangle on the chart. It supports alerting when a detection occurs. It allows for setting the higher time frame to run the detection on. It allows for setting the minimum number of consecutive valid higher time frame bars to fit the pattern criteria. It allows for setting a low factor detection criteria to apply on higher time frame bars low as a proportion of the distance between the reference bar low and open/close. It allows for turning on an adjustment of the triangle using highest/lowest values within valid higher time frame bars. Settings Higher Time Frame dropdown: Selects higher time frame to run the detection on. It must be higher than, and a multiple of, the chart's timeframe. Valid Bars Minimum field: Sets minimum number of consecutive valid higher time frame bars to fit the pattern criteria. Low Factor checkbox: Turns on/off low factor detection criteria. Low Factor field: Sets low factor to apply on higher time frame bars low as a proportion of the distance between the reference bar low and open/close. Adjust Triangle checkbox: Turns on/off triangle adjustment using highest/lowest values within valid higher time frame bars. Detection Algorithm Notes The detection algorithm recursively selects a higher time frame bar as reference. Then it looks at the consecutive higher time frame bars (as per the requested number of minimum valid bars) as follows: High must be lower than previous bar. Open/close min value must be higher than reference bar low. When low factor criteria is turned on, low must be lower than reference bar open/close min value minus low factor proportion of the distance between reference bar low and open/close min value.
Chỉ báo Pine Script®
bởi ZeroHeroTrading
3
Reversal Zones with SignalsThe "Reversal Zones with Signals" indicator is an advanced technical analysis tool designed to help traders identify potential market reversal points. By integrating Relative Strength Index (RSI), moving averages, and swing high/low detection, this indicator provides traders with clear visual cues for potential buy and sell opportunities. Key Features and Benefits Integration of Multiple Technical Analysis Tools: The indicator seamlessly combines RSI, moving averages, and swing high/low detection. This multi-faceted approach enhances the reliability of the signals by confirming potential reversals through different technical analysis perspectives. Customizable Parameters: Users can adjust the sensitivity of the moving averages, the RSI overbought and oversold levels, and the length of the reversal zones. This flexibility allows traders to tailor the indicator to fit their specific trading strategies and market conditions. Clear Visual Signals: Buy and sell signals are plotted directly on the chart as easily recognizable green and red labels. This visual clarity simplifies the process of identifying potential entry and exit points, enabling traders to act quickly and decisively. Reversal Zones: The indicator plots reversal zones based on swing highs and lows in conjunction with RSI conditions. Green lines represent potential support levels (zone bottoms), while red lines represent potential resistance levels (zone tops). These zones provide traders with clear areas where price reversals are likely to occur. Automated Alerts: Custom alerts can be set for both buy and sell signals, providing real-time notifications when potential trading opportunities arise. This feature ensures that traders do not miss critical market moves. How It Works RSI Calculation: The Relative Strength Index (RSI) is calculated to determine overbought and oversold conditions. When RSI exceeds the overbought threshold, it indicates that the market may be overbought, and when it falls below the oversold threshold, it indicates that the market may be oversold. This helps in identifying potential reversal points. Swing High/Low Detection: Swing highs and lows are detected using a specified lookback period. These points represent significant price levels where reversals are likely to occur. Swing highs are detected using the ta.pivothigh function, and swing lows are detected using the ta.pivotlow function. Reversal Zones: Reversal zones are defined by plotting lines at swing high and low levels when RSI conditions are met. These zones serve as visual cues for potential support and resistance areas, providing a structured framework for identifying reversal points. Buy and Sell Signals: Buy signals are generated when the price crosses above a defined reversal zone bottom, indicating a potential upward reversal. Sell signals are generated when the price crosses below a defined reversal zone top, indicating a potential downward reversal. These signals are further confirmed by the presence of bullish or bearish engulfing patterns. Plotting and Alerts: The indicator plots buy and sell signals directly on the chart with corresponding labels. Additionally, alerts can be set up to notify the user when a signal is generated, ensuring timely action. Originality and Usefulness Innovative Integration of Technical Tools: The "Reversal Zones with Signals" indicator uniquely combines multiple technical analysis tools into a single, cohesive indicator. This integration provides a comprehensive view of market conditions, enhancing the accuracy of the signals and offering a robust tool for traders. Enhanced Trading Decisions: By providing clear and actionable signals, the indicator helps traders make better-informed decisions. The visualization of reversal zones and the integration of RSI and moving averages ensure that traders have a solid framework for identifying potential reversals. Flexibility and Customization: The customizable parameters allow traders to adapt the indicator to different trading styles and market conditions. This flexibility ensures that the indicator can be used effectively by a wide range of traders, from beginners to advanced professionals. Clear and User-Friendly Interface: The indicator's design prioritizes ease of use, with clear visual signals and intuitive settings. This user-friendly approach makes it accessible to traders of all experience levels. Real-Time Alerts: The ability to set up custom alerts ensures that traders are notified of potential trading opportunities as they arise, helping them to act quickly and efficiently. Versatility Across Markets: The indicator is suitable for use in various financial markets, including stocks, forex, and cryptocurrencies. Its adaptability across different asset classes makes it a valuable addition to any trader's toolkit. How to Use Adding the Indicator: Add the "Reversal Zones with Signals" indicator to your chart. Adjust the parameters (Sensitivity, RSI OverBought Value, RSI OverSold Value, Zone Length) to match your trading strategy and market conditions. Interpreting Signals: Buy Signal: A green "BUY" label appears below a bar, indicating a potential buying opportunity based on the detected reversal zone and price action. Sell Signal: A red "SELL" label appears above a bar, indicating a potential selling opportunity based on the detected reversal zone and price action. Setting Alerts: Set alerts for buy and sell signals to receive notifications when potential trading opportunities arise. This ensures timely action and helps traders stay informed about critical market moves.
Chỉ báo Pine Script®
bởi Finntech1
4
Volume Breaker Blocks [UAlgo]The "Volume Breaker Blocks " indicator is designed to identify breaker blocks in the market based on volume and price action. It is a concept that emerges when an order block fails, leading to a change in market structure. It signifies a pivotal point where the market shifts direction, offering traders opportunities to enter trades based on anticipated trend continuation. 🔶 Key Features Identifying Breaker Blocks: The indicator identifies breaker blocks by detecting pivot points in price action and corresponding volume spikes. Breaker Block Sensitivity: Traders can adjust breaker block detection sensitivity, length to be used to find pivot points. Mitigation Method (Close or Wick): Traders can choose between "Close" and "Wick" as the mitigation method. This choice determines whether the indicator considers closing prices or wicks in identifying breaker blocks. Selecting "Close" implies that breaker blocks will be considered broken when the closing price violates the block, while selecting "Wick" implies that the wick of the candle must violate the block for it to be considered broken. Show Last X Breaker Blocks: Users can specify how many of the most recent breaker blocks to display on the chart. Visualization: Volume breaker blocks are visually represented on the chart with customizable colors and text labels, allowing for easy interpretation of market conditions. Each breaker block is accompanied by informational text, including whether it's bullish or bearish and the corresponding volume, aiding traders in understanding the significance of each block. 🔶 Disclaimer Educational Purpose: The "Volume Breaker Blocks " indicator is provided for educational and informational purposes only. It does not constitute financial advice or a recommendation to engage in trading activities. Risk of Loss: Trading in financial markets involves inherent risks, including the risk of loss of capital. Users should carefully consider their financial situation, risk tolerance, and investment objectives before engaging in trading activities. Accuracy Not Guaranteed: While the indicator aims to identify potential reversal points in the market, its accuracy and effectiveness may vary. Users should conduct thorough testing and analysis before relying solely on the indicator for trading decisions. Past Performance: Past performance is not indicative of future results. Historical data and backtesting results may not accurately reflect actual market conditions or future performance.
Chỉ báo Pine Script®
bởi UAlgo
5
HTF Ascending TriangleHTF Ascending Triangle aims at detecting ascending triangles using higher time frame data, without repainting nor misalignment issues. Ascending triangles are defined by an horizontal upper trend line and a rising lower trend line. It is a chart pattern used in technical analysis to predict the continuation of an uptrend. This indicator can be useful if you, like me, believe that higher time frames can offer a broader perspective and provide clearer signals, smoothing out market noise and showing longer-term trends. You can change the indicator settings as you see fit to tighten or loosen the detection, and achieve the best results for your use case. Features It draws the detected ascending triangle on the chart. It supports alerting when a detection occurs. It allows for setting the higher time frame to run the detection on. It allows for setting the minimum number of consecutive valid higher time frame bars to fit the pattern criteria. It allows for setting a high factor detection criteria to apply on higher time frame bars high as a proportion of the distance between the reference bar high and open/close. It allows for turning on an adjustment of the triangle using highest/lowest values within valid higher time frame bars. Settings Higher Time Frame dropdown: Selects higher time frame to run the detection on. It must be higher than, and a multiple of, the chart's timeframe. Valid Bars Minimum field: Sets minimum number of consecutive valid higher time frame bars to fit the pattern criteria. High Factor checkbox: Turns on/off high factor detection criteria. High Factor field: Sets high factor to apply on higher time frame bars high as a proportion of the distance between the reference bar high and close/open. Adjust Triangle checkbox: Turns on/off triangle adjustment using highest/lowest values within valid higher time frame bars. Detection Algorithm Notes The detection algorithm recursively selects a higher time frame bar as reference. Then it looks at the consecutive higher time frame bars (as per the requested number of minimum valid bars) as follows: Low must be higher than previous bar. Open/close max value must be lower than reference bar high. When high factor criteria is turned on, high must be higher than reference bar open/close max value plus high factor proportion of the distance between reference bar high and open/close max value.
Chỉ báo Pine Script®
bởi ZeroHeroTrading
4
CME Gap Detector [CryptoSea]The CME Gap Indicator , is a tool designed to identify and visualize potential price gaps in the cryptocurrency market, particularly focusing on gaps that occur during the weekend trading sessions. By highlighting these gaps, traders can gain insights into potential market movements and anticipate price behavior. Key Features Gap Identification: The indicator identifies gaps in price between the Friday close and the subsequent opening price on Monday. It plots these gaps on the chart, allowing traders to easily visualize and analyze their significance. Weekend Price Comparison: It compares the closing price on Friday with the opening price on Monday to determine whether a gap exists and its magnitude. Customizable Visualization: Traders have the option to customize the visualization of the gaps, including the color scheme for better clarity and visibility on the chart. Neutral Candle Color Option: Users can choose to display neutral candle colors, enhancing the readability of the chart and reducing visual clutter. How it Works Data Fetching and Calculation: The indicator fetches the daily close price and calculates whether a gap exists between the Friday close and the subsequent Monday opening price. Plotting: It plots the current price and the previous Friday's close on the chart, making it easy for traders to compare and analyze. Gradient Fill: The indicator incorporates a gradient fill feature to visually represent the magnitude of the gap, providing additional insights into market sentiment. Weekend Line Logic: It includes logic to identify Sunday bars and mark them on the chart, aiding traders in distinguishing weekend trading sessions. Application Gap Trading Strategy: Traders can use the identified gaps as potential entry or exit points in their trading strategies, considering the tendency of price to fill gaps over time. Market Sentiment Analysis: Analyzing the presence and size of weekend gaps can provide valuable insights into market sentiment and participant behavior. Risk Management: Understanding the existence and significance of gaps can help traders manage their risk exposure and make informed decisions. The CME Gap indicator offers traders a valuable tool for analyzing weekend price gaps in the cryptocurrency market, empowering them to make informed trading decisions and capitalize on market opportunities.
Chỉ báo Pine Script®
bởi CryptoSeaTV
2
Volumetric Fair Value Gaps [AlgoAlpha]🎯 Introducing the Volumetric Fair Value Gaps by AlgoAlpha 🎯 Embrace the power of volume and price action with the Volumetric Fair Value Gaps (VFVG) indicator, designed meticulously by AlgoAlpha. This innovative tool enhances your charting capabilities by highlighting fair value gaps in real-time, facilitating superior market entry and exit decisions. 🚀📈 🔍 Key Features: 🔹 Fair Value Gap Detection: Utilizes price action and volume to identify significant fair value gaps, offering potential high-probability trading opportunities. 🔹 Adjustability: Customize the sensitivity with 'FVG Noise Reduction Length' and 'Noise Reduction Factor' to match the volatility and characteristics of the asset being traded. 🔹 Visual Appeal: Displays bullish gaps in a soothing Bullish Color and bearish gaps in a striking Bearish Color, making it easy to spot and analyze trends on the fly. 🔹 Overlay Feature: Plots directly on the price chart for seamless integration and analysis. 🌟 Quick Guide to Using the Volumetric Fair Value Gaps Indicator: 🛠 Add the Indicator: Add the indicator to favourites and set it up with your desired settings. 📊 Market Analysis: Watch for the appearance of colored boxes (blue for bearish, gray for bullish) which represent the fair value gaps. These are high-probability areas for reversals or continuations. FVGs with higher volume are implied to induce a stronger reaction on price. 🔔 Alerts: Set up alerts to notify you when new gaps are detected, ensuring you never miss out on potential trades! 🛠 How It Works: The Volumetric Fair Value Gaps (VFVG) indicator identifies significant price gaps that are not just based on price action but are also substantiated by volume, which are often overlooked in typical analyses. It operates by comparing the current candle’s price range against historical averages and is calculated over a user-defined period, displayed with volume for further insights. For a gap to be recognized as significant (either bullish or bearish), it must exceed a certain size relative to these averages, which can be adjusted for sensitivity using the provided settings. Bullish gaps are identified when the current low is higher than the second previous high after surpassing the threshold, and bearish gaps are marked when the current high is below the second previous low, similarly surpassing the threshold. This dual-confirmation (volume and price deviation) approach minimizes false signals and enhances the reliability of identified gaps. Maximize your trading strategy with the VFVG Indicator by AlgoAlpha and turn those gaps into opportunities! 🌈✨
Chỉ báo Pine Script®
bởi AlgoAlpha
10
Sequencer [LuxAlgo]The Sequencer indicator is a tool that is able to highlight sequences of prices based on their relative position to past prices, which allows a high degree of customization from the user. Two phases are included in this script, a "Preparation" phase and a "Lead-Up" phase, each with a customizable amount of steps, as well as other characteristics. Users can also highlight the last step leading to each phase completion with a level, this level can eventually be used as a key price point. 🔶 USAGE The script highlights two phases, each being based on a sequence of events requiring prices to be higher/lower than prices various bars ago. The completion of the preparation phase will lead to the evaluation of the lead-up phase, however, it isn't uncommon to see a reversal occurring after the completion of a preparation phase. In the script, bullish preparations are highlighted in green, while bearish preparations are highlighted in red. Completion of a "Lead-Up" phase is indicative of a potential reversal, with a bullish reversal for the completion of a bullish lead-up (in blue), and a bearish reversal for the completion of a bearish lead-up (in orange). Using a higher length for the preparation/lead-up phases can allow the detection of longer-term reversals. Users wishing to display levels based on specific phases completion can do so from the settings in the "Preparation/Lead-Up Completion Levels" settings group. The "Show Last" settings determine the amount of respective levels to display on the chart. 🔶 PREPARATION PHASE The "Preparation" phase precedes the "Lead-Up" phase. The completion of this phase requires N successive prices to be lower than the closing price P bars ago for a bullish phase, and for prices to be higher than the closing price P bars ago for a bearish phase, where N is the user set "Preparation Phase Length" and P the user set "Comparison Period". 🔹 Refined Preparations Sequences of the preparation phase can either be "Standard" or "Refined". Unlike the standard preparation previously described a refined preparation requires the low prices from the user-specified steps in "Refined Preparation Steps" to be above the low price of the last step for a bullish preparation phase, and for the high prices specified in the refined preparation steps to be below the high price of the last step for a bearish preparation phase. 🔶 LEAD-UP PHASE The "Lead-Up" phase is initiated by the completion of the "Preparation" phase. Completion of this phase requires the price to be lower than the low price P bars ago N times for a bullish phase, and for prices to be higher than the high price P bars ago N times for a bearish phase, where N is the user set "Lead-Up Phase Length" and P the user set "Comparison Period". Unlike with the "Preparation" phase these conditions don't need to be successive for them to be valid and can occur at any time. 🔹 Lead-Up Cancellation Incomplete "Lead-Up" phases can be canceled and removed from the chart once a preparation of the opposite sentiment is completed, avoiding lead-ups to be evaluated after completion of complete preparations. This can be disabled by toggling off "Apply Cancellation". 🔹 Lead-Up Suspension Like with refined preparations, we can require specific steps from the lead-up phase to be higher/lower than the price on the last step. This can be particularly important since we do not require lead-up steps to be successive. For a bullish lead-up, the low of the last step must be lower than the minimum closing prices of the user-specified steps for it to be valid, while for a bearish lead-up, the high of the last step must be higher than the maximum closing prices of the user-specified steps for it to be valid. This effectively allows for eliminating lead-up phases getting completed on opposite trends. 🔶 SETTINGS 🔹 Preparation Phase Preparation Phase Length: Length of the "Preparation" phase. Comparison Period: Offset used to compare current prices to past ones. Preparation Type: Type of preparation to evaluate, options include "Standard" or "Refined" Refined Preparations Steps: Steps to evaluate when preparation type is "Refined" 🔹 Lead-Up Phase Lead-Up Phase Length: Length of the "Lead-Up" phase. Comparison Period: Offset used to compare current prices to past ones. Suspension: Applies suspension rule to evaluate lead-up completion. Suspension Steps: Specifies the steps evaluated to determine if the lead-up referral is respected. Multiple steps are supported and should be comma-separated. Apply Cancellation: Cancellation will remove any incomplete lead-up upon the completion of a new preparation phase of the opposite sentiment. 🔹 Levels Bullish Preparations Levels: When enabled display price levels from completed bullish preparations. Show Last: Number of most recent bullish preparations levels to display. Bearish Preparations Levels: When enabled display price levels from completed bearish preparations. Show Last: Number of most recent bearish preparations levels to display.
Chỉ báo Pine Script®
bởi LuxAlgo
10
[TTI] High Volume Close (HVC) Setup📜 ––––HISTORY & CREDITS–––– The High Volume Close (HVC) Setup is a specialised indicator designed for the TradingView platform used to identify specific bar. This tool was developed with the objective of identifying a technical pattern that trades have claimed is significant trading opportunities through a unique blend of volume analysis and price action strategies. It is based on the premise that high-volume bars, when combined with specific price action criteria, can signal key market movements. The HVC is applicable both for swing and longer term trading and as a technical tool it can be used by traders of any asset type (stocks, ETF, crypto, forex etc). 🦄 –––UNIQUENESS––– The uniqueness of the HVC Setup lies in its flexibility to determine an important price level based on historically important bar. The idea is to identify significant bars (e.g. those who have created the HIGHEST VOLUME: Ever, Yearly, Quarterly and meet additional criteria from the settings) and plot on the chart the close on that day as a significant level as well as theoretical stop loss and target levels. This approach allows traders to discern high volume bars that are contextually significant — a method not commonly found in standard trading tools. 🎯 ––––WHAT IT DOES–––– The HVC Setup indicator performs a series of calculations to identify high volume close bars/bar (HVC bars) based on the user requirements. These bars are determined based on the highest volume recorded within a user-inputs: 👉 Period (Ever, Yearly, Quarterly) and must meet additional criteria such as: 👉 a minimum percentage Price Change (change is calculated based on a close/close) and 👉 specific Closing Range requirements for the HVC da. The theory is that this is a significant bar that is important to know where it is on the chart. The script includes a comparative analysis of the HVC bar's price against historical price highs (all-time, yearly, quarterly), which provides further context and significance to the identified bars. All of these USER input requirement are then taken into account as a condition to identity the High Volume Close Bar (HVC). The visual representation includes color-coded bar (default is yellow) and lines to delineate these key trading signals. It then draws a blue line for the place where the close ofthe bar is, a red line that would signify a stop loss and 2 target profit levels equal to 2R and 3R of the risked level (close-stop loss). Additional lines can be turned on/off with their coresponding checkboxes in the settings. If the user chooses "Ever" for Period - the script will look at the first available bar ever in Tradingview - this is generally the IPO bar; If the users chooses "Yearly" - the script would look at the highest available bar for a completed year; If the users chooses "Quarterly" - it would do the same for the quarter. (works on daily timeframe only); While we have not backtested the performance of the script, this methodology has been widely publicised. 🛠️ ––––HOW TO USE IT–––– To utilize the HVC Setup effectively: 👉Customize Input Settings: Choose the HVC period, percentage change threshold, closing range, stop loss distance, and target multiples according to your trading strategy. Use the tick boxes to enable and disable if a given condition is used within the calculation. 👉Identify HVC Bars: The script highlights HVC bars, indicating potential opportunities based on volume and price action analysis. 👉Interpret Targets and Stop Losses: Use the color-coded lines (green for targets, red for stop losses) to guide your trade entries and exits. 👉Contextual Analysis: Always consider the HVC bar signals in conjunction with overall market trends and additional technical indicators for comprehensive trading decisions. This script is designed to assist traders in identifying high-potential trading setups by using a combination of volume and price analysis, enhancing traditional methods with a unique, algorithmically driven approach.
Chỉ báo Pine Script®
bởi TintinTrading
Dynamic Candle Balance Indicator (Binary) Dynamic Candle Balance Indicator The Dynamic Candle Balance Indicator is a powerful tool designed to identify imbalances in candle colors on a chart, which can indicate potential reversals or changes in market direction. This indicator is specifically developed for traders operating on short timeframes, such as 1-minute candles, and is particularly useful for identifying opportunities in binary options. How to Use: Set Parameters Initial Position: Specify the number of initial candles to be considered for calculation. Count: Determine the total number of candles to be analyzed, including the initial position. Interpret Results: Green: Indicates the number of bullish candles (where the closing price is higher than the opening price). Red: Indicates the number of bearish candles (where the closing price is lower than the opening price). Absent: Indicates the number of candles that were not considered due to the selected interval. Performance Analysis: The indicator calculates the percentage of green and red candles relative to the total number of analyzed candles, providing insights into market balance or imbalance. Identify Trading Opportunities: Significant imbalances between candle colors can indicate potential reversals or changes in market direction. Traders can use this information to make informed decisions about their trading strategies, such as identifying entry or exit points. Example: In the last 40 candles, there were 13 green candles and 27 red candles, indicating a higher likelihood of the next candle being green. Usage Tips: The indicator is most effective when used on a 1-minute timeframe for binary options trading, especially during periods of high imbalance. Adjust the parameters according to your trading strategy and the timeframe being analyzed. Combine the Dynamic Candle Balance Indicator with other technical analysis tools to confirm trading signals. Legal Disclaimer: This indicator is provided for educational and informational purposes only. It represents a theory and should be used as part of a comprehensive trading strategy. Past performance is not indicative of future results. Traders should always conduct their own analysis before making trading decisions. Try out the Dynamic Candle Balance Indicator and leverage its functionalities to identify trading opportunities on short-term charts, especially in 1-minute timeframes for binary options trading during periods of high imbalance. Remember to test the indicator on a practice account before using it on a real account.
Chỉ báo Pine Script®
bởi souguialves21
2
QTE Scalper ModifiedA modified version of the QTE scalper indicator. Produces a buy/sell signal based on a 2 candle pattern. For long signals it produces a signal when the high and low of the second candle are below the high and low of the first candle and both candles close above the 10 period EMA. The reverse is true for short signals. Added functionality so that signals will trigger an alert: Add the indicator to the chart on the instrument and timeframe you wish to use it on. Add an alert and in the 'condition' section choose the indicator and set the trigger as 'once per bar close'. You will have to set individual alerts for both long and short signals and if you change the time period on the chart.
Chỉ báo Pine Script®
bởi Adam911
1
TTrades Daily Bias [TFO]Inspired by @TTrades_edu video on daily bias, this indicator aims to develop a higher timeframe bias and collect data on its success rate. While a handful of concepts were introduced in said video, this indicator focuses on one specific method that utilizes previous highs and lows. The following description will outline how the indicator works using the daily timeframe as an example, but the weekly timeframe is also an included option that functions in the exact same manner. On the daily timeframe, there are a handful of possible scenarios that we consider: if price closes above its previous day high (PDH), the following day's bias will target PDH; if price trades above its PDH but closes back below it, the following day's bias will target its previous day low (PDL). Similarly, if price closes below its PDL, the following day's bias will target PDL. If price trades below its PDL but closes back above it, the following day's bias will target PDH. If price trades as an inside bar that doesn't take either PDH or PDL, it will refer to the previous candle for bias. If the previous day closed above its open, it will target PDH and vice versa. If price trades as an outside bar that takes both PDH and PDL, but closes inside that range, no bias is assigned. With a rigid framework in place, we can apply it to the charts and observe the results. As shown above, each new day starts by drawing out the PDH and PDL levels. They start out as blue and turn red once traded through (these are the default colors which can be changed in the indicator's settings). The triangles you see are plotted to indicate the time at which PDH or PDL was traded through. This color scheme is also applied to the table in the top right; once a bias is determined, that cell's color starts out as blue and turns red once the level is traded through. The table indicates the success rate of price hitting the levels provided by each period's bias, followed by the success rate of price closing through said levels after reaching them, as well as the sample size of data collected for each scenario. In the above crude oil futures (CL1!) 30m chart, we can glean a lot of information from the table in the top right. First we may note that the "PDH" cell is red, which indicates that the current day's bias was targeting PDH and it has already traded through that level. We might also note that the "PWH" cell is blue, which indicates that the weekly bias is targeting the previous week high (PWH) but price has yet to reach that level. As an example of how to read the table's data, we can look at the "PDH" row of the crude oil chart above. The sample size here indicates that there were 279 instances where the daily bias was assigned as PDH. From this sample size, 76.7% of instances did go on to trade through PDH, and only 53.7% of those instances actually went on to close through PDH after hitting that level. Of course, greater sample sizes and therefore greater statistical significance may be derived from higher timeframe charts that may go further back in time. The amount of data you can observe may also depend on your TradingView plan. If we don't want to see the labels describing why bias is assigned a certain way, we can simply turn off the "Show Bias Reasoning" option. Additionally, if we want to see a visual of what the daily and weekly bias currently is, we can plot that along the top and bottom of the chart, as shown above. Here I have daily bias plotted at the top and weekly bias at the bottom, where the default colors of green and red indicate that the bias logic is expecting price to draw towards the given timeframe's previous high or low, respectively. For a compact table view that doesn't take up much chart space, simply deselect the "Show Statistics" option. This will only show the color-coded bias column for a quick view of what levels are being anticipated (more user-friendly for mobile and other smaller screens). Alerts can be configured to indicate the bias for a new period, and/or when price hits its previous highs and lows. Simply enable the alerts you want from the indicator's settings and create a new alert with this indicator as the condition. There will be options to use "Any alert() function call" which will alert whatever is selected from the settings, or you can use more specific alerts for bullish/bearish bias, whether price hit PDH/PDL, etc. Lastly, while the goal of this indicator was to evaluate the effectiveness of a very specific bias strategy, please understand that past performance does not guarantee future results.
Chỉ báo Pine Script®
bởi tradeforopp
57
Nightrangers IndicatorDescription This indicator combines three EMA's, Ichimoku Cloud, RSI and MACD. By combining and modifying their use case this turns into an extremely powerful and accessible indicator for finding long and short position entries, below is a description of how to use this indicator, and what makes it different. Primary Use case The three EMA's would be the initial indicators you would be looking at, they are based on the 7d, 25d and 200d MA - Used on their own, they would be worthless, and this is where the Ichimoku Cloud comes into it, I have removed all other aspects of the Ichimoku Cloud and only kept the baseline, combine this with the three MA's and we have a very powerful indicator for finding Long entries, that is used uniquely in a way to which the Ichimoku Cloud is not originally meant to be used for. An early indication of a LONG entry would be when the 7d MA crosses above the Ichimoku Baseline, through this early indicator, you are able to watch and monitor the chart, you would be waiting to see if the 25d MA then also crosses above the Ichimoku Baseline, This would be the second important indication of a long entry. The 200d MA helps here when making decisions on where to set your own personal take profits - If the Ichimoku baseline, and the MA's are below the 200d MA, you would be expecting a bounce point here, or heavy resistance so the long entry could be over a shorter period, than that if it was above the 200d MA, which is why it is included here, to help make a better informed choice. The latter is reversed for finding short positions, and entries. This indicator is completely reliant on each other to find the best possible entry/exit by complementing each other, and by using the Ichimoku Baseline on it's own, and not as the Ichimoku Cloud is intended. Just using these though, is not enough, which is why the RSI and MACD are also combined, once the conditions are met above, You may find that there can be false positives for entries, and this is where the RSI has multiple use cases within this script. Firstly the backdrop colour will change based on whether the chart is in an uptrend or downtrend, This is a visual indicator provided to work simultaneaously on the chart itself to help identification of entries/exits easier to identify in conjunction with the above. Secondly, It is used to display in the top right, The current Trend in a text format, as well as if the current chart is in one of three phases, these are Overbrought, Oversold and accumulation. And finally it will display the current RSI Value on the last candle in a clear to see blue Label, This helps with the visual accessible side, to help you make a more informed choice depending on your own personal tolerance. This ties into the above Indicators, by combining the information, you would not be looking to take a long, if for example, the RSI showed it was over-brought, and in a downtrend, even if the MA's had crossed above the Baseline, as this would most likely be a fakeout. However if the Indicators above, showed a potential long, and the backdrop had flipped green, indicating an uptrend, and it was in an accumulation phase, you would consider this position. and this is where the MACD comes into play. You would use the MACD to see whether or not the Signal line has crossed over the MACD line, and vice versa - However this script uses it to simplify and portray current market sentiment, and visually display by reducing clutter on screen, and making it more accessible. It is designed to portray an easy to read and understand visual indicator by displaying in the top right simply as Bullish or Bearish, with markers above the candles ( "M" and "MX" ). The M indicator is to show where the MACD Crosses above the Signal, and if aligned with all the other indicators within the script, shows a very strong confirmation for a buying opportunity, and vice versa for the "MX" indicator if aligned with the other indicators in reverse, provides a very strong confirmation for opening a short position or for selling. Secondary Use case By combining the indicators above, the secondary conditions you would be looking for, If you opened a LONG position, would be knowing when to sell, On top of what has been described above already regarding this, you would be looking to start taking profits, when the 7d MA crosses above or across the candles, and looking to close the position, when the 25d MA also crosses above the candles, and respectively, in reverse for closing short positions. This is shown across the charts to be extremely useful, however, combine this with the other indicators, portrayed in an easy to use and understand visual representation, you are now able to make more informed decisions, on whether to close a position or not. How is it different and not just a mash up I have combined these indicators to make the world of trading more accessible for everyone regardless of circumstances, by creating an easy to understand visual representation, keeping colours vibrant and easy to stand out, with clear and simple to read text indications. So whether you are a seasoned trader, or just starting out, you can make more informed choices, without the need of learning how to use multiple different indicators, and learning how to combine them all, or if you have difficulties learning, this indicator also simplifies a lot of the more technical intricacies, by still allowing you to make a more informed choice.
Chỉ báo Pine Script®
bởi Nightranger_
Custom Hourly Highlight PeriodsThis Pine Script indicator for TradingView allows users to visually highlight up to five distinct periods within a trading day directly on their chart. It's designed to enhance chart analysis by emphasizing specific time frames that may coincide with increased market activity, trading sessions, or personal trading strategies. Features: Customizable Highlight Periods: Users can define up to five separate highlight periods, specifying both start and end hours for each. This flexibility supports a wide range of trading strategies and time zones. Individual Period Activation: Each highlight period can be individually enabled or disabled, allowing users to focus on specific times of interest without cluttering the chart. Color-Coded Visualization: Each period is highlighted with a different transparent color (blue, red, green, purple, and orange) for clear distinction between different segments of the trading day. Colors are customizable to fit personal preferences or chart themes. User-Friendly Inputs: Simple input fields make it easy to adjust start/end times and toggle the visibility of each period, requiring no coding experience to customize. Use Cases: Identifying Repeating Patterns: Certain regional markets exhibit unique behaviors, with some creating sell pressure in the morning, while others generate buy pressure. This indicator allows for clear visualization of these patterns. Market Session Highlights: Emphasize the opening and closing hours of major markets (e.g., NYSE, NASDAQ, Forex markets) to identify potential volatility or trading opportunities. Personal Trading Hours: Mark the time frames when you typically trade or when your trading strategy performs best. Economic Release Times: Highlight periods when important economic reports are released, which can significantly impact market movement.
Chỉ báo Pine Script®
bởi Atlantean_Trade
3
Trailing Support and Resistance Zones This Script code is used to plot support and resistance levels on a chart. Here's how it works: Input Parameters: The code starts by defining an input parameter lookback_period, which determines the number of bars to look back when calculating support and resistance levels. You can adjust this parameter based on your preferences or trading strategy. I recommend 50 for longer trends and larger profits. Calculate Support and Resistance Levels: The calculateSR() function is defined to calculate the support and resistance levels based on the lowest low and highest high prices within the specified lookback period. It uses the ta.lowest() function to find the lowest low price and the ta.highest() function to find the highest high price over the specified number of bars. Plotting: The function calculateSR() is called to compute the support and resistance levels, and the results are stored in the variables support_level and resistance_level, respectively. These levels are then plotted on the chart using the plot() function. The support levels are plotted in green, while the resistance levels are plotted in red. Both lines are drawn with a specified line width and style (plot.style_stepline). By visualizing these support and resistance levels on the chart, you can identify potential price levels where the market might find buying or selling pressure. These levels are crucial for making trading decisions, such as setting entry and exit points, defining stop-loss and take-profit levels, and assessing the overall market sentiment. I recommend using this indicator together with my morning & Evening Star Indicator to find entry zones.
Chỉ báo Pine Script®
bởi AllanDecker
Open Liquidity Heatmap [BigBeluga]Open Liquidity Heatmap is an indicator designed to display accumulated resting liquidity on the chart. Unlike any other liquidity heatmap, this aims to accumulate liquidity at specific levels that build up over time, showing larger areas of liquidity. 🔶 FEATURES The indicator includes the following settings: Lookback : Used to determine the range calculation of the heatmap. Leverage : Leverage of the liquidation (Counted as % in price, Example: 4.5 will return a distance from price of 4.5%, indicating any possible resting liquidity in this range). Levels : Amount of levels to display (Each level is counted as liquidity resting on the chart; fewer levels will return a bigger area of liquidity sitting on the chart). Mode : Apply a color gradient from the minimum liquidation to the maximum liquidity level. Set the maximum color gradient value (Counted as volume). Offset : Automatically determine the offset range of the Volume Profiles. Manual offset of the Volume Profiles. 🔶 CALCULATION for i = 0 to step - 1 float plotter = na switch i 0 => plotter := hs => plotter := hs - diff * ( i ) cls.hm.gnL(plotter) cls.vp.put(plotter, 0) We calculate levels like a normal volume profile with steps, from the highest point within the lookback to the lowest one. Each level will contain the corresponding amount of volume that the candle has closed in that range. As we can see in the image above, we add liquidity each time the distance in % from price is between two levels. Unlike many liquidity indicators that provide a single candle liquidity heatmap, this aims to add up liquidity (volume) in already present levels. This can be extremely useful to see which levels are likely to be more liquid and tend to get a bigger reaction to the price. Imagine it like a range of levels that each time price revisits that area, a new position area is added; we add volume in that area each time price visits that zone. Liquidity builds up in those zones, causing a bigger reaction to the price once the price visits it. This indicator is not the same as a single candle heatmap like many others. What is a single candle heatmap? A single candle heatmap is when a level is created on every new candle, coloring the level based on the total volume of it. This indicator, on the contrary, aims to provide a more specific use by adding up liquidity each time price visits it. 🔶 BASIC DEMOSTRATION This is a basic demonstration of how we can spot high liquidity points overall using confluence: We see the POC of the liquidation in a low volume area of the normal volume profile adding up as confluence. Resistance from the POC Volume Profile suggesting price will go lower. Major long open liquidity down. As we can see, price takes out all the long liquidity and right after pumping, indicating that all the major liquidity got taken out. Some key note to take is that a POC in the liquidation heatmap in a low volume area of the normal Volume Profile add confluence of a possible big reaction in that zone. In the forex market, we suggest to use a low distance from price (Leverage) while in a crypto market you can use the one that fit the best the current timeframe. 🔶 CONCLUSION This indicator aims to show open resting liquidity that had built up over time, showing the most amount of liquidation in specific areas in an aggregated way unlike many liquidation heatmap indicators that show single-level liquidation. 🔶 RELATED SCRIPT
Chỉ báo Pine Script®
bởi BigBeluga
30
Double Tops/Bottoms [UAlgo]🔶Description: The "Double Tops/Bottoms " indicator is designed to identify potential double tops and double bottoms on price charts. These patterns are often considered significant as they may indicate a reversal in the prevailing trend. The indicator can be applied to both high/low and close price data, offering flexibility in analyzing different aspects of market behavior. 🔶Key Features: Source Selection: Users can choose between using high/low or close prices as the basis for identifying double tops and bottoms, allowing for tailored analysis based on specific price actions. Lookback Length: The indicator offers a customizable lookback length, enabling users to adjust the sensitivity of pattern detection according to their trading preferences and timeframes. Pivot Length: Users can specify the length of the pivot used in identifying double tops and bottoms, providing flexibility in capturing different market dynamics. Minimum Bar Count Between Tops/Bottoms: A minimum bar count parameter allows users to control the distance between consecutive tops or bottoms, enhancing the accuracy of pattern recognition. Pivot Tops/Bottoms Only: The indicator offers the option to focus exclusively on pivot tops and bottoms, streamlining the analysis process for users interested specifically in these key reversal points. Disclaimer: Trading involves substantial risk and is not suitable for every investor. The indicator provided here is intended for informational purposes only and should not be construed as investment advice or a recommendation to buy, sell, or hold any securities. Users are solely responsible for evaluating their own investment decisions and should seek professional financial advice if needed. The creator of this indicator (UAlgo) does not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be liable for any losses incurred in connection with its use. By using this indicator, users acknowledge and agree to assume all risks associated with trading activities.
Chỉ báo Pine Script®
bởi UAlgo
Time Based Comparison Tool [TFO]The goal of this indicator is to show how multiple assets are trading relative to their Previous Highs and Lows. Many traders have probably seen charts resembling this that may plot how asset prices are trading as a percent change over time, or something similar. The key difference with this indicator is that all prices are normalized to reflect how they are trading with respect to the previous range of a user-defined timeframe. Without the normalization process, we would simply be observing some percent change from a given point in time; but this does not provide enough information to describe where price is trading relative to our desired frame of reference. For example, if the timeframe setting was chosen to be 1 day, the indicator would plot the Previous High (PH) and Previous Low (PL) of the current symbol on the daily timeframe, denoted here by the black lines and labels. Then, the adjusted price of all selected symbols would be shown to visualize how each one is moving with respect its own PH and PL, using the current symbol's PH and PL as reference points. In the above chart, we can see that CL was trading below its PDL from about 10:00-11:00 am EST, then broke above and retested it at around 11:20 am EST, before trading higher. To verify that this comparison works as intended, we can check to see that CL did in fact retest its PDL at this time before trading higher. Note that we are using the close price for this evaluation. Since limiting the output to close prices can leave out some vital information, we can change the Plot Type setting from "Close" to "High to Low," which will instead show the range of prices from high to low instead of just the close. We can expand on this by detecting when PH's and PL's have been raided (traded through), by displaying the text PHR (Previous High Raid) or PLR (Previous Low Raid) next to the symbol's label on the right. In this case below, where we're using the 1 week timeframe, we can observe that NQ1! (purple) traded through the PL level and thus its label (right) is updated to indicate a PLR. Similarly, YM1! traded through its PH level and was updated to indicate a PHR; and ES1! raided both levels, with its label reflecting just that. Due to the native limitation of output series in a single pine script, alerts have been consolidated to "Any PHR" or "Any PLR," meaning these alerts would fire if any of the selected symbols raided a PH or PL, respectively. If one wanted to be alerted for just a specific symbol, this could be achieved by deselecting all symbols except that which is desired, then setting an alert and adjusting its title for easier user recognition.
Chỉ báo Pine Script®
bởi tradeforopp
4