Volume Pace & Pressure TableHave you ever wanted to know if a particular tickers volume is above or below average while still in the trading day? This indicator displays an easy-to-read table that informs the user exactly what is occurring in intraday volume. And a whole lot more!
Description
This indicator displays a variable table with either two or three columns and always three rows. It packs everything a user needs to know about volume in one small table. The table shows:
Current trading days volume
Average daily volume
Volume Pace
Volume Pressure (Buying & Selling)
Volume Pace
Volume Pace is a mathematical calculation invented by the author, Infinity_Trading . The problem was to figure out a way to know if the current days volume was below average or above average while still in the trading day. Calculations like Percent Daily Volume don’t work during the intraday trading hours. For example, say SPY has a 20-day volume average of 100 million shares. If in the first hour SPY has only traded 10 million shares then dividing the current volume into the average daily volume doesn’t tell the user anything when there is still 5.5 hours of trading left in the trading day. There had to be a better way! The solution was to chop up the trading day into evenly divisible time periods (i.e. <= 30 minutes). The Volume Pace algorithm takes the average daily volume and chops it up into small time periods based upon the charts current timeframe. This is the average volume per smaller time period. Then use the current days volume and the number of time periods that have occurred in the trading day so far (at the current moment in time i.e. the current candlestick) to form a calculation that returns the volume above or below the average volume up to that point in time.
Volume Pace Equations
Intraday Vol. Pace = Today’s Current Vol. - ( ( Average Daily Vol. / Time periods in trading day ) * Time periods that have occurred so far in trading day )
Postday Vol. Pace = Today’s Trading Vol. - Average Daily Vol.
^ Vol. = Volume (because TradingViews pine tags are dumb)
Volume Pace Definitions
Volume Pace is the difference in cumulative volume between todays current volume and the average daily volume up to same time of the day
Volume Pace Usage
If the Volume Pace is a positive number then it means that up to the current trading time the volume is that amount greater than the average daily volume over that same intraday time span.
If the Volume Pace is a negative number then it means that up to the current trading time the volume is that amount smaller than the average daily volume over that same intraday time span.
If the Volume Pace is positive during the intraday then the volume is on track to be an above average volume trading day.
If the Volume Pace is negative during the intraday then the volume is on track to be a below average volume trading day.
The Percent Volume Pace is the percent increase or decrease of the current volume compared to the average volume up to the same time of day. Or the Percent Volume Pace is the Volume Pace expressed as a percentage.
After the trading day is complete the Volume Pace will be the difference between the Daily Volume and the Average Daily Volume. And the same thing applies to the Percent Volume Pace.
Volume Pressure
The author, Infinity_Trading, did not invent the calculations for Volume Pressure but the definitions and explanations of Volume Pressure are their own creations. In specific terms, Volume Pressure is a mathematical calculation that uses the direction and distances of individual candlesticks bodies and wicks to assign a numerical value to volume.
buyingPressure = vol * (close - low) / (high - low)
sellingPressure = vol * (high - close) / (high - low)
^ vol = Volume (because TradingViews pine tags are dumb)
The author wants to make clear that volume “pressure” isn’t a real thing. Trades in any market require a buyer and a seller. So there is always an equal number of buyers and sellers. Thus, the idea that there are more buyers or more sellers isn’t rooted in reality. BUT the author believes that the calculation and understanding of “volume pressure” takes a very complex subject (price moment in a market) and condenses into something that intuitively makes sense to humans (pressure) and places it onto something that is already on everyone’s charts (volume bars).
The calculation for Buying Pressure is really calculating the upward distance between the low and the close of the candle. While Selling Pressure is measuring the downward distance from the high to the close. And both are using volume bars to express these measurements. So if an individual candle goes down then the red Selling Pressure will be more on the stacked bar chart than the green Buying Pressure. And vice versa for candles that went up. If a Volume Pressure bar is completely one color then it means, for a downward candle, the low and close were equivalent, and for an upward candle, the high and the close were the same. Lastly, the Buying & Selling Pressure will always add up to 100%.
Inputs and Style
In the Input section the user can set the number of days to use for all of the average calculations. All aspects of the table can be controlled. The background color, text color, border widths, and border colors. Also, the table can be moved to 9 unique locations around the chart for complete user control. Also, the user can use their cursor to hover over each cell in the table to reveal a tooltip definition of the calculation in the cell.
Special Notes
The volume table won’t display when the chart timeframe is weekly or monthly because the logic uses “daily” volume.
The Volume Pace column in the table disappears when the timeframe is greater than 30 minutes. Because for Volume Pace to work the time periods must be equally divisible into 6.5 hours (the duration of trading day).
Tìm kiếm tập lệnh với "spy"
Federal Funds Rate and Overnight Bank Fund RateAMEX:SPY
Comparison of the Overnight Bank Fund Rate and the Effective Federal Funds Rate.
The Fed sets a discount rate of 100 basis points above the effective federal funds rate to discourage ("penalize") banks from borrowing from its reserves. If lending banks have excess in their reserves, the borrowing banks have ease in negotiating a lower rate overnight to maintain its requirements. For this reason its a good indicator of the economy. If it becomes more difficult for banks to maintain the required reserve amount they may charge borrowing banks higher rates.
Both the Effective Federal Funds Rate and Overnight Bank Fund Rate use the same data. Except, the OBFR includes overnight Eurodollar transaction data and certain overnight “selected deposit” transactions that are placed at domestic bank branches controlled by a U.S. banking office.
The indicator includes the lower and upper bound target rate set by the Federal Reserve.
An interesting note:
Notice the jump in the Overnight Bank Rate followed by Fed buying to provide liquidity and lower rates in Sept 2019.
Naked Bar Upward ReversalAMEX:SPY
The Naked Bar Upward Reversal is a three bar candlestick pattern with an inside candle as a entry point. This pattern is bullish since it has a candle closing red from the previous candle; the most bearish pattern possible. The following inside candle is a reversal of its previous candle with an open above the previous candle's close. Look to buy the next open above the inside candle's close.
This is a bullish reversal pattern and should be used in this context. Successful entries are found in corrections along an upward trend, or buying into a dip. Performance drops when the pattern appears at tops. To improve profitability, use a cluster of evidence to enhance the performance of this pattern. The intended time frame is within the daily and weekly.
Live off your portofolio (decumulate)This indicator simulates living off your portofolio consisting of a single security or stock such as the SPY etf or even Bitcoin. The simulation starts at a certain point on the chart (which you input as year and month).
Withrawals from the portofolio are made each month according to the yearly withdrawal rate you enter, such as the 4% SWR. The monthly withdrawal income is calculated in USD at the beginning of the retirement period and then adjusted according to the US inflation (CPI) on 01/01 of each year.
The blue graph represents the USD value of the remaining portofolio.
This indicator is meant to be used on daily, weekly or monthly time frame. It may not work properly (and makes little sense to use) on intraday timeframe or larger time frames such as quarterly (3M).
When withdrawing, the indicator considers that fractional stock values can be used (the portofolio value is kept as a float). This may not be true, as most stock brokers currently don't allow this.
It does not explicitly take into account dividends. In order to do this you will have to enable "Adjust for dividends" by clicking on "adj" in the lower right corner of the screen, or by using the indicator on a Total Return (TR) index such as DAX. Unfortunately SPX does not have dividend data, you will have to use the SPY etf (which doesn't have a long history)
Random Entries Work!" tHe MaRkEtS aRe RaNdOm ", say moron academics.
The purpose of this study is to show that most markets are NOT random! Most markets show a clear bias where we can make such easy money, that a random number generator can do it.
=== HOW THE INDICATOR WORKS ===
The study will randomly enter the market
The study will randomly exit the market if in a trade
You can choose a Long Only, Short Only, or Bidirectional strategy
=== DEFAULT VALUES AND THEIR LOGIC ===
Percent Chance to Enter Per Bar: 10%
Percent Chance to Exit Per Bar: 3%
Direction: Long Only
Commission: 0
Each bar has a 10% chance to enter the market. Each bar has a 3% to exit the market . It will only enter long.
I included zero commission for simplification. It's a good exercise to include a commission/slippage to see just how much trading fees take from you.
=== TIPS ===
Increasing "Percent Chance to Exit" will shorten the time in a trade. You can see the "Avg # Bars In Trade" go down as you increase. If "Percent Chance to Exit" is too high, the study won't be in the market long enough to catch any movement, possibly exiting on the same bar most of the time.
If you're getting the red screen, that means the strategy lost so much money it went broke. Try reducing the percent equity on the Properties tab.
Switch the start year to avoid/minimize black swan events like the covid drop in 2020.
=== FINDINGS ===
Most markets lose money with a "Random" direction strategy.
Most markets lose ALL money with a "Short Only" strategy.
Most markets make money with a "Long Only" strategy.
Try this strategy on: Bitcoin (BTCUSD) and the NASDAQ (QQQ).
There are two popular memes right now: "Bitcoin to the moon" and "Stocks only go up". Both are seemingly true. Bitcoin was the best performing asset of the 2010's, gaining several billion percent in gains. The stock market is on a 100 year long uptrend. Why? BECAUSE FIAT CURRENCIES ALWAYS GO DOWN! This is inflation. If we measure the market in terms of others assets instead of fiat, the Long Only strategy doesn't work anymore (or works less well).
Try this strategy on: Bitcoin/GLD (BTCUSD/GLD), the Eurodollar (EURUSD), and the S&P 500 measured in gold (SPY/GLD).
Bitcoin measured in gold (BTCUSD/GLD) still works with a Long Only strategy because Bitcoin increased in value over both USD and gold.
The Eurodollar (EURUSD) generally loses money no matter what, especially if you add any commission. This makes sense as they are both fiat currencies with similar inflation schedules.
Gold and the S&P 500 have gained roughly the same amount since ~2000. Some years will show better results for a long strategy, while others will favor a short strategy. Now look at just SPY or GLD (which are both measured in USD by default!) and you'll see the same trend again: a Long Only strategy crushes even when entering and exiting randomly.
=== " JUST TELL ME WHAT TO DO, YOU NERD! " ===
Bulls always win and Bears always lose because fiat currencies go to zero.
You're not underperforming a random number generator, are you?
EMA_cumulativeVolume_crossover[Strategy V2]This is variation of EMA_cumulativeVolume_crossover strategy.
instead of cumulative volume crossover, I have added the EMA to cumulative volume of same EMA length.
when EMA crossover EMACumulativeVolume , BUY
when already in LONG position and price crossing over EMACumulativeVolume*2 (orange line in the chart) , Add more
Partial Exit , when RSI 5 crossdown 90
Close All when EMA cross down EMACumulativeVolume
Note
Black Line on the chart is the historical value of EMACumulativeVolume . when EMA area is green and price touch this line closes above it , you can consider consider BUY
I have tested it on SPY , QQQ and UDOW on hourly chart.
EMA setting 25 is working for all of these.
but SPY produces better results on EMA 35 setting
warning
This strategy is published educational purposes only.
Divergence of Stocks Above MA50 v.s. US-Stock MarketEnglish:
This indicator has been developed as an early warning tool to estimate the probability of correction in the US stock market. It works best in the daily chart.
Function:
1.) "Index-line"
The underlying stock index is converted to a scale between 0% and 100% based on its 52-week highs and lows. Where 100% is closing price at 52-week high and 0% is closing price at 52-week low.
2nd) "Stocks Above MA50".
For each major stock index, there is an index that determines the percentage of stocks above its 50 moving average. For example, for the S&P 500, this is the S5FI.
3) "Divergence
In an efficient market, both lines (index and number of stocks above the 50 MA) would run more or less in sync. A new high in the index would also mean a new high in the stocks trading above the 50 moving average. Often, however, a correction in the index is announced when the number of stocks trading above their 50 MA do not make a new, or even a lower, high while the underlying index marks a new high. The divergence signal measures this divergence of the indices. The higher the bar, the more pronounced the divergence.
How to read the indicator?
If a divergence occurs, then the stops should be tightened. As with any indicator, false signals can occur because a divergence does not automatically lead to a correction. The higher the divergence is indicated, the higher the probability. The strength of a correction cannot be predicted with the indicator.
For which symbols does the indicator work?
The indicator works exclusively for the following symbols:
S&P500: SPX, SPY, ES1!, US500 Index above MA50: S5FI
Russel2000: IWM, US2000, RTY1!, RUT, IWO Index above MA50: R2FI
NASDAQ100: NDX, NAS100, NQ1!, US100, QQQ Index above MA50: NDFI
NASDAQ: IXIC, ONEQ, QCN1!, NDAQ Index above MA50: NCFI
NYSE: XAX, NYA Index above MA50: MMFI
DowJones100: DJX, DJI, DIA, MYM1!, YM1! Index above MA50: DIFI
DowJonesComp: DOW, IYY Index above MA50: DCFI
Deutsch:
Dieser Indikator ist als Frühwarninstrument zur Einschätzung der Korrekturwahrscheinlichkeit im US-Aktienmarkt entwickelt worden. Er funktioniert am besten im Tages-Chart.
Funktion:
1.) „Index-line“
Der zugrunde liegende Aktienindex wird bezogen auf seine 52Wochen Hochs und Tiefs in eine Skala zwischen 0% und 100% umgerechnet. Dabei sind 100% Schlusskurs auf 52-Wochen Hoch und 0% Schlusskurs auf 52-Wochen Tief.
2.) „Stocks Above MA50“
Zu jedem Hauptaktienindex gibt es einen Index, der den Prozentwert der Aktien über Ihrem 50 gleitenden Durchschnitt ermittelt. Beim S&P 500 ist das z.B. der S5FI.
3.) „Divergence“
In einem effizienten Markt würden beide Linien (Index und Anzahl Aktien über dem 50 MA) mehr oder weniger synchron laufen. Ein neues Hoch im Index würde auch ein neues Hoch bei den Aktien, die über dem 50 gleitenden Durchschnitt notieren, bedeuten. Oft jedoch kündigt sich eine Korrektur im Index an, wenn die Anzahl der Aktien, die über ihrem 50 MA notieren kein neues, oder sogar ein niedrigeres Hoch machen, während der zu Grunde liegende Index ein neues Hoch markiert. Das Divergenz-Signal misst diese auseinanderlaufen der Indices. Je höher der Balken, umso stärker ist die Divergenz ausgeprägt.
Wie ist der Indikator zu lesen?
Wenn eine Divergenz auftritt, dann sollten die Stopps enger herangezogen werden. Es kann wie bei jedem Indikator zu Fehlsignalen kommen, da eine Divergenz nicht automatisch zu einer Korrektur führen muss. Die Wahrscheinlichkeit ist um so höher, je höher die Divergenz angezeigt wird. Die Stärke einer Korrektur kann mit dem Indikator nicht prognostiziert werden.
Für welche Symbole funktioniert der Indikator?
Der Indikator funktioniert ausschließlich für folgende Symbole:
S&P500: SPX, SPY, ES1!, US500 Index über MA50: S5FI
Russel2000: IWM, US2000, RTY1!, RUT, IWO Index über MA50: R2FI
NASDAQ100: NDX, NAS100, NQ1!, US100, QQQ Index über MA50: NDFI
NASDAQ: IXIC, ONEQ, QCN1!, NDAQ Index über MA50: NCFI
NYSE: XAX, NYA Index über MA50: MMFI
DowJones100: DJX, DJI, DIA, MYM1!, YM1! Index über MA50: DIFI
DowJonesComp: DOW, IYY Index über MA50: DCFI
Indices trendsAccording to the Dow theory, indices must confirm each other. Based on this idea, I develop an indices trends indicator, including SPY, DIA, and QQQ. The indices trends were calculated based on the average of the short- (blue) and intermediate-term (orange) changes of indices moving average slopes. In addition, IWM trends are shown as a reference in gray color.
Use this indicator together with one of SPY, DIA, QQQ, or IWM to show the overall market conditions.
Trendflex - Another new Ehlers indicatorSource: Stocks and Commodities V38
Hooray! Another new John Ehlers indicator!
John claims this indicator is lag-less and uses the SPY on the Daily as an example.
This indicator is a slight modification of Reflex, which I have posted here
I think it's better for Stocks and ETFs than Reflex since it factors in long trends. It tends to keep you in winning trades for a long time.
I believe this indicator can be used for entries or exits, potentially both.
Entry
1. Entering Long positions at the pivot low points (Stocks and ETFs)
2. Entering Long when the Reflex crosses above the zero lines (Stocks, ETFs, Commodities )
Exit
1. Exiting Long positions at a new pivot high point (Stocks and ETFs)
2. Exiting Long when the Reflex crosses below the zero lines (Stocks, ETFs, Commodities )
In this example, I place a Long order on the SPY every time the Reflex crosses above the zero level and exit when it crosses below or pops my stop loss, set at 1.5 * Daily ATR.
2/3 Wins
+16.05%
Let me know in the comment section if you're able to use this in a strategy.
Reflex - A new Ehlers indicatorSource: Stocks and Commodities V38
Hooray! A new John Ehlers indicator!
John claims this indicator is lag-less and uses the SPY on the Daily as an example.
He states that drawing a line from peak to peak (or trough to trough) will correspond perfectly with the Asset.
I have to say I agree! There is typically one bar of lag or no lag at all!
I believe this indicator can be used for either entries or exits, but not both.
Entry
1. Entering Long positions at the pivot low points (Stocks and ETFs)
2. Entering Long when the Reflex crosses above the zero lines (Stocks, ETFs, Commodities)
Exit
1. Exiting Long positions at a new pivot high point (Stocks and ETFs)
2. Exiting Long when the Reflex crosses below the zero lines (Stocks, ETFs, Commodities)
In this example, I place a Long order on the SPY every time the Reflex crosses above the zero level and exit when it crosses below or pops my stop loss, set at 1.5 * Daily ATR.
4/6 Wins
+10.76%
For me, that's good enough to create a strategy and backtest on several Indices and ETFs, which is what I have a hunch this will work on.
I think there is a lot of promise from a single Indicator!
Let me know in the comment section if you're able to use this in a strategy.
Hide Extended Hours/non-intraday American BarsOnly works with American bar style.
Not works with Candles.
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This script can hide the extended hours/non-intraday bars and leave the intraday bars only, especially for future users, such as ES/NQ/RTY/YM, etc.,.
Now you can find the intraday support/resistance quite easily!
Example, as a ES investor, you can easily find the intraday support/resistance level ,which is almost equal to SPY / SPX , no longer need to check SPY / SPX separately again, saving your time a lot.
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IMPORTANT INSTRUCTION
In order to make the script work, you have to bring it to the most top visual layer.
Please do as the following steps:
Add the script to chart
Hover mouse on the script name, and tap the right-most 'more' button (which appears as 3 dots)
Select "Visual Order", then select "Bring to front".
Done!
Also, in order to have a better view effect and make the bars COMPLETELY "Hidden", you can adjust the hidden bar color in the "setting" menu to the exact color of your chart background.
Swing-Trade-Stocks SystemThis is a simple swing trade system inspired by sources on the internet. The rules are as follows:
Buy when first green arrow appears after 10ma above 30ma
Set stop-loss below most recent support
Set take-profit below most recent swing point high or wait until price closes below 30ma (red)
Short when first purple arrow appears after 10ma below 30ma
Set stop-loss above most recent resistance
Set take-profit above most recent swing point low or wait until price closes above 30ma (red)
The background color changes based on the direction of SPY. If SPY is going down (10ma < 30ma) the
background will be red and only short indicators (purple arrows) will appear. If SPY is going up (10ma > 30ma),
the background will be green and only long indicators (green arrows) will appear.
Happy trading!
Market Internals [Makit0] MARKET INTERNALS INDICATOR v0.5beta
Market Internals are suitable for day trade equity indices, named SPY or /ES, please do your own research about what they are and how to use them
This scripts plots the NYSE market internals charts as an indicator for an easy and full visualization of market internal structure all in one chart, useful for SPY and /ES trading
Description of the Market Internals
- TICK: NYSE stocks ticking up vs stocks ticking down, extreme values may point to trend continuation on trending days or reversal in non trending days, example of extreme values can be 800 and 1000
- ADD: NYSE stocks going up vs stocks going down, if price auctions around the zero line may be a non trend day, otherwise may be a trend day
- VOLD: NYSE volume of stocks up vs volume of stocks going down, identify clearly where the volume is going, as example if volume is flowing down may be a good idea no to place longs
- TRIN: NYSE up stocks vs down stocks ratio divided by up volume vs down volume ratio. A value of 1 indicates parity, below that the strength is on the long side, above the strength is in the short side.
A basic use of market internals may be looking for divergences, for example:
- /ES is trading in a range but ADD and VOLD are trending up nonstop, may /ES will break the range to the upside
- /ES is trading in a range and ADD and VOLD are trading around the zero line but got an extreme reading on TICK, may be a non trending day and the TICK extreme reading is at one of the extremes of the /ES range, may be a good probability trade to fade that move
- /ES is trading in a trend to the downside, ADD and VOLD too, you catch a good portion of the move but are fearful to flat and miss more gains, you see in the TICK a lot of extreme values below -800 so your're confident in the continuation of the downtrend, until the TICK goes beyond -1000 and you use that signal to go flat
Market internals give you context and confirmation, price in /ES may be trending but if market internals do not confirm the move may a reversal is on its way
Price is an advertise, you can see the real move in the structure below, in the behavior of the individual components of the market, those are the real questions:
- How many stocks are going up/down (ADD)
- How many volume is flowing up/down (VOLD)
- How many stocks are ticking up/down (TICK)
- What is the overall volume breath of the market (TRIN)
FEATURES:
- Plot one of the four basic market internal indices: TICK, ADD, VOLD and TRIN
- Show labels with values beyond an user defined threshold
- Show ZERO line
- Show user defined Dotted and Dashed lines
- Show user defined moving average
SETTINGS:
- Market internal: ticker to plot in the indicator, four options to choose from (TICK, ADD, VOLD and TRIN)
- Labels threshold: all values beyond this will be ploted as labels
- Dot lines at: two dotted lines will be plotted at this value above and below the zero line
- Dash lines at: two dashed lines will be plotted at this value above and below the zero line
- MA type: two options avaiable SMA (Simple Moving Average) or EMA (Exponential Moving Average)
- MA length: number of bars to calculate the moving average
- Show zero line: show or hide zero line
- Show dot line: show or hide dotted lines
- Show dash line: show or hide dashed lines
- Show labels: show or hide labels
GOOD LUCK AND HAPPY TRADING
Hide extended hours/non-intraday barsEspecially for future users, such as ES/NQ/RTY/YM, etc., this script can hide the extended hours/non-intraday bars and leave the intraday bars only.
With this script , you can find the intraday support/resistance quite easily!
Example, if you are a ES investor, you can easily find the intraday support/resistance level ,which is almost equal to SPY, with this script, and no need to check SPY separately again , saving your time a lot.
Note: Please couple this script with American Bars. If you use candle charts, the upper/lower pins of the candle can't be hidden with the bars together, which is restricted by the code editor itself...
Kozlod - RSI Strategy - 1 minuteStarted to play with very simple strategies. Trying to find ones with optimal parameters which work well for certain symbols/timeframe.
Found that basic RSI strategy without any position management with high RSI length (65 in this script) works pretty good for 1m chart for few stocks.
It's also not bad for AAPL , SPY .
It might not work very good on it's not but can give you a pretty good base for more complicated indicators.
And remember:
Past performance does not guarantee future results.
Willams %RwEMAspy
Was looking for something else when surfed into an old question
wanting %R 21 period with EMA 13 period of the %R signal
and being a rookie at this, made this code to post for them.
Tried to comment the script in such a way that other rookies
like me could make better sense of what is being done. Hope
this helps someone. I find it useful as one of my indicators for
trading.
Pinescript for tradingview.com user Tom1trader
All time frames.
Interpretation:
%R (Red) crosses above it's average (Blue) - bull
%R crosses below it's average - bear. Background
color changes green-up red-down with above crossings.
Most but not all of serious price movement takes place
from the time the %R (red) goes into oversold (or bought) and
exits again.
%R centerline crosses can also be useful.
I use various indicators and want all of the confirmation
that I can get for expectations BUT I never know what the
next bar will do and define my risks accordingly.
Sectors Relative Strength Normal DistributionI wrote this indicator as an attempt to see the Relative Strengths of different sectors in the same scale, but there is also other ways to do that.
This indicator plots the normal distribution for the 10 sectors of the SPY for the last X bars of the selected resolution, based on the selected comparative security. It shows which sectors are outperforming and underperforming the SPY (or any other security) relatively to each other by the given deviation.
MarketRSThe strength of a stock relative to the market (SPY) is an import indicator accumulation of a stock by institutionan funds, especially during a market decline. This indicator plot the ratio of a security/SPY and plots a fast (5 period) and slow (21 period) EMA.
DF Advanced Sector & RS AnalysisDF Advanced Sector & RS Analysis
Overview
This indicator is an all-in-one dashboard designed to give you an instant "health check" on any asset. Instead of opening multiple charts to check the market trend, sector performance, and fundamentals, this tool brings all that data into a single table on your screen.
It automatically detects if you are looking at a Stock, Crypto, or Forex pair and adjusts its benchmarks accordingly.
Key Features
1. Smart Asset Detection
Stocks: Compares performance against the S&P 500 (SPY).
Crypto: Compares performance against Bitcoin (BTC).
Forex: Compares performance against the US Dollar Index (DXY).
2. Sector Intelligence (Stocks Only)
If you are trading a stock, the indicator automatically identifies its sector (e.g., Technology, Energy, Finance) and compares the stock against that specific sector ETF.
Sector Trend: Tells you if the sector is in an Uptrend or Downtrend.
vs Sector: Shows if your stock is outperforming its own industry.
3. Relative Strength (RS) & Alpha
RS Rating (0-100): A score derived from RSI logic that measures how strong the asset is compared to the benchmark. A score above 70 is bullish.
Alpha: Shows how much the asset is beating (or lagging) the market over the last 20 days.
4. Fundamental Snapshot
Growth: Displays EPS (Earnings) and Revenue growth. You can toggle these between TTM (Trailing 12 Months) for a smoother view or Quarterly for recent performance.
Valuation: Displays the P/E Ratio (TTM). This is always calculated using Trailing Twelve Month data to provide a standard valuation metric.
5. The "Verdict" Score
The indicator combines Technicals, Fundamentals, and Sector Strength into a final 0-100 Score:
STRONG (Green): High probability setup (Score > 70).
NEUTRAL (Grey): Mixed signals (Score 50-70).
RISK (Red): Weak performance or fundamentals (Score < 50).
How to Use
Add to Chart: The table will appear in the corner of your screen.
Check the Score: Look for assets with a "STRONG" verdict.
Analyze the RS: Ensure the RS Rating is high (green) to confirm the asset is a market leader.
Check the Sector: For stocks, it is safer to buy when the "Sector Trend" is UP.
Settings
Table Position: Move the dashboard to any corner of the screen.
Text Size: Adjust the size to fit your screen resolution.
Financials Mode:
TTM: Uses 12-month data (Smoother, standard for long-term analysis).
Quarterly: Uses the most recent quarter vs. the same quarter last year (More volatile, good for earnings plays).
Note: P/E Ratio is always TTM regardless of this setting.
Disclaimer
This tool is for informational purposes only and does not constitute financial advice. Always do your own research before trading.
Leader Stock ScannerLeader Stock Scanner, Testing using AI
✅ How it works:
Relative Strength (RS) vs SPY – RS above 80 marks strong leaders.
Trend Alignment – 50 EMA > 150 EMA > 200 EMA and price above all EMAs.
Liquidity Filter – 20-day average volume > 500k.
Price Filter – avoids low-priced microcap traps (< $10).
Output – signals a “triangle up” on chart and can trigger alerts.
Relative Strength Leadership Engine v2.0Relative Strength Leadership Engine v2.0OverviewThe Relative Strength Leadership Engine v2.0 is a context-first diagnostic tool designed to identify true market leadership. Instead of simple ratio lines, this script employs a multi-layered scoring model to determine if a symbol is truly outperforming its benchmark (e.g., SPY) or simply riding market beta.The Problem It SolvesMany relative strength indicators fail to distinguish between idiosyncratic leadership and market correlation. A stock might look strong simply because it is a high-beta names moving in lockstep with a rising index. This engine uses Pearson Correlation Filtering and Volatility Normalization to decouple these factors.How It Works (The Math)To ensure full transparency for the TradingView community, the "Leadership Score" (0–100) is calculated based on four proprietary technical pillars:Baseline Alignment (30 pts): Measures if the $Price / Benchmark$ ratio is above its 21-period EMA.Volatility-Normalized Momentum (25 pts): We calculate a Z-score of the RS slope and divide it by the asset's ATR % of price. This ensures momentum is measured by "clean" price action rather than high-beta volatility spikes.Beta-Decoupling (20 pts): Using ta.correlation, the script penalizes "Market Huggers." Points are awarded when a stock shows strength independent of the benchmark's immediate fluctuations.Freshness & Highs (25 pts): Points are awarded for proximity to 252-day relative strength highs, identifying stocks entering a "Power Zone" of leadership.Interpreting the StatesThe dashboard in the bottom-right identifies three distinct permission states:ENGAGE (Score 80+): Full leadership permission. The asset is outperforming with idiosyncratic strength and clean momentum (See FDX example in the gallery).OBSERVE (Score 50–79): Leadership is present but aging or overly correlated to the market (See MU example in the gallery).STAND DOWN (Score <50): Leadership is broken; the asset is a relative laggard (See CBLL example in the gallery).Technical FeaturesMulti-Timeframe Validation: Optional Weekly/Monthly RS confirmation to filter out "noise."Benchmark Timing Filter: A built-in gate that checks if the broader market (Benchmark) is in a "Risk-Off" regime.Non-Repainting: All security calls use lookahead=barmerge.lookahead_off to ensure historical accuracy.Customizable UI: Toggle the dashboard on/off via the "Style" menu for a cleaner workspace.DisclaimerThis script is an informational diagnostic tool and does not generate trade signals, entries, or exits. Educational use only.
ICT ORG with EightsICT ORG with Eights
What It Does
Plots the RTH overnight gap (4:15pm close → 9:30am open) with eighth-level divisions instead of just quartiles.
Gap Levels:
0.000 (Low) | 0.125 | 0.250 | 0.375 | 0.500 (Mid) | 0.625 | 0.750 | 0.875 | 1.000 (High)
Key Features
Visual gap box between previous close and current open
6 additional levels beyond standard quartiles (0.125, 0.375, 0.625, 0.875)
Customizable labels with dates for each level
Auto SPY detection (adjusts close time to 4:00pm)
Historical gaps - show 1-10 previous days
Extend right - project levels forward with buffer bars
Quick Setup
Best on 5min charts or lower
Start with 1-2 historical boxes for clean charts
Toggle eighth lines on/off as needed
Use labels to track which gap/date you're looking at
Use Cases
Gap fill trading - precise entry/exit at eighth levels
S/R levels - eighths often act as support/resistance
Profit targets - use 0.125/0.875 for extreme reversals, 0.375/0.625 for partial fills
Settings
Time offsets for international indices
No plot session to pause drawing during specific hours
Full customization of colors, styles, widths, labels
Why Eighths?
More granularity = better entries. The 0.125/0.875 and 0.375/0.625 levels provide additional confluence zones where price frequently reacts during gap fills.
Gei-IndicatorFor trading and for fundaTradingView, combining three critical layers of market data into a single, high-level summary.
Key Features:
Fundamental Analysis: It pulls real-time financial data (P/E Ratio, Free Cash Flow, Revenue, EBIT, and Dividend Yield) to evaluate the company's health. It even includes a "Tech Mode" toggle to adjust valuation expectations for growth stocks.
Technical Indicators: It monitors price momentum and trend direction using the RSI (14) and a Moving Average crossover (MA20/MA50).
Market Benchmarking: It calculates and displays the Year-To-Date (YTD) performance of the SPY (S&P 500 ETF), allowing you to see at a glance if the current stock is outperforming the broader market.
Dynamic UI: All data is neatly organized in a color-coded table (Green/Orange/Red) at the top-right of your chart, making it easy to perform a "quick health check" without leaving the main price action.mental analysis
