RS ScanOverview
The RS Scan indicator helps traders analyze a stock's relative strength and volatility using multiple key metrics. It provides insights into where the stock is closing within its daily and weekly ranges, how far it has moved from its 52-week high, and how its price changes compare to its Average Daily Range (ADR).
Key Features
✅ Daily Close Range% – Shows the stock’s closing position within the day’s high-low range.
✅ Weekly Close Range% – Displays the stock’s closing position within the weekly high-low range.
✅ Stock Price Change% – Measures how much the stock has moved relative to its 52-week high.
✅ ADR% (Average Daily Range) – Calculates the stock’s average daily volatility over a given period (default: 20 days).
✅ ADR off 52W High – Indicates how many ADR multiples the stock has moved from its 52-week high.
How to Use
Identify Strength: Stocks closing near the high of their daily/weekly range show strong momentum.
Measure Volatility: The ADR% helps traders understand expected price fluctuations.
Detect Weakness: A stock trading far below its 52-week high with a low close range may indicate weakness.
Compare Price Change vs. ADR: If a stock is significantly down from its 52-week high but within a small ADR range, it may be consolidating.
Screening Example: If SPY is currently less than -3 ADR from its 52-week high, we can filter for stocks that are performing stronger by selecting those above -3 ADR. This helps in identifying stocks with relative strength compared to the broader market.
This indicator is useful for momentum traders, swing traders, and those tracking relative strength.
🚀 Try it out and enhance your trading decisions!
Tìm kiếm tập lệnh với "weekly"
Market Snap Shot with Pine ScreenerMarket Snap Shot
The Market Snap Shot is a comprehensive technical analysis tool designed to track and display key price metrics across multiple timeframes, including daily, weekly, monthly, quarterly, and yearly data. This script provides a range of essential calculations for traders and investors, enabling them to assess price action, volatility, and market trends at a glance.
Features:
Daily Metrics: Includes the daily percentage change, closing range relative to the daily high/low.
Weekly Metrics: Tracks weekly open, close, range, and calculates week-to-date performance for a broader market view.
Monthly Metrics: Provides similar calculations for monthly price action, offering insights into monthly performance.
Quarter-to-Date (QTD): Displays performance for the current quarter, offering insights into quarterly price movements.
Year-to-Date (YTD): Calculates year-to-date price change, helping users track performance relative to the start of the year.
52-Week High/Low: Displays the current price's distance from the 52-week high and low, giving context to long-term price levels.
Usage:
Traders can use this screener to quickly assess the current market position and make informed decisions based on short-term and long-term trends.
Investors can leverage the 52-week and YTD metrics to gauge the overall strength of an asset in the market.
The tool is versatile for both active traders looking for real-time performance data and for those focusing on longer-term market trends.
Instructions:
This script displays multiple metrics such as percentage changes and range data for daily, weekly, monthly, quarterly, and yearly timeframes. It is designed to be used as a screener tool to assess price action and monitor performance across these key time periods.
Warning:
The "Market Snap Shot" does not provide buy or sell signals but rather serves as a performance tracking tool. Users are encouraged to use this data in conjunction with other technical and fundamental analysis tools.
Anchored Powered KAMA [LuxAlgo]The Anchored Powered KAMA tool is a new flavor of the famous Kaufman's Adaptive Moving Average (KAMA).
It adds 5 different anchoring periods, a power exponent to the original KAMA calculation to increase the degree of filtering during ranging trends, and standard deviation bands calculated against the KAMA itself.
🔶 USAGE
In the image above we can see the different parts of the tool, it displays the Anchored Powered KAMA surrounded by standard deviation bands at 2x (solid) and 1x (dashed) by default.
This tool provides a simple and easy way to determine if the current market is ranging or trending and where the market extremes are in the current period.
As a rule of thumb, traders may want to trade extremes in ranges and pullbacks in trends.
When the KAMA is flat, a range is in place, so traders may want to wait for the price to reach an extreme before opening a trade in the other direction.
Conversely, if the KAMA is moving up or down, a trend is in place and traders may want to wait for the price to pull back to the KAMA before opening a trade in the direction of the trend.
🔹 Anchor Period
On the above chart, we can see different anchor periods on different chart timeframes.
This option is very useful for those traders who use multi-timeframe analysis, allowing them to see how the market behaves over different timeframes.
The valid values for this parameter are:
Hourly
Daily
Weekly
Monthly
Yearly
The tool has a built-in Auto feature for traders convenience, it automatically selects the optimal Anchor Period in function of the chart timeframe.
timeframes up to 2m: Hourly
timeframes up to 15m: Daily
timeframes up to 1H: Weekly
timeframes up to 4H: Monthly
larger timeframes: Yearly
🔹 Choosing the Right Anchor Period
In the chart above we can see the custom error message that the tool displays when the Auto feature is disabled and the Anchor Period is too large for the current chart timeframe.
Traders can select a smaller Anchor Period or a larger chart timeframe for the tool to display correctly.
🔶 DETAILS
The tool uses Welford's algorithm to calculate the KAMA's standard deviation, then plots the outer bands at the multiplier specified in the settings panel, and the inner bands at the multiplier specified minus 1.
🔹 Power Exponent
The graph above shows how different values of this parameter can affect the output.
To display the original KAMA a value of 1 must be set, by default this parameter is set to 2.
The higher the value, the better the tool's ability to detect ranges.
🔶 SETTINGS
Anchor Period: Select up to 5 different time periods from Hourly, Daily, Weekly, Monthly, and Yearly.
Source: Choose the source for all calculations.
Power Exponent: Fine-tune the KAMA calculation, a value of 1 will output the original KAMA, and is set to 2 by default.
Band Multiplier: Select the multiplier for the standard deviation bands.
Multi-Timeframe VWAP DashboardMulti-Timeframe VWAP Dashboard with Advanced Customization**
Unlock the power of **Volume-Weighted Average Price (VWAP)** across multiple timeframes with this highly customizable and feature-rich Pine Script. Designed for traders who demand precision and flexibility, this script provides a **comprehensive VWAP dashboard** that adapts to your trading style and strategy. Whether you're a day trader, swing trader, or long-term investor, this tool offers unparalleled insights into market trends and price levels.
---
### **Key Features:**
1. **Multi-Timeframe VWAP Calculation:**
- Calculate VWAP across **12-minute, 48-minute, 96-minute, 192-minute, daily, weekly, monthly, and even yearly timeframes**.
- Supports **custom timeframes** for tailored analysis.
2. **Price Source Selection:**
- Choose from multiple price sources for VWAP calculation, including **Open, High, Low, Close, HL2, HLC3, HLCC4, and All**.
- Optimize VWAP for **uptrends and downtrends** by selecting the most relevant price source.
3. **Customizable Labels:**
- Add **dynamic labels** to each VWAP line for quick reference.
- Customize label **colors, sizes, and offsets** to suit your chart setup.
- Display **price values** and **session types** (e.g., "12 Min", "Daily", "Weekly") directly on the chart.
4. **Advanced Session Detection:**
- Automatically detect new sessions for **intraday, daily, weekly, monthly, and yearly timeframes**.
- Ensures accurate VWAP calculations for each session.
5. **Plot Visibility Control:**
- Toggle the visibility of individual VWAP plots to **reduce clutter** and focus on the most relevant timeframes.
- Includes options for **short-term, medium-term, and long-term VWAPs**.
6. **Comprehensive Timeframe Coverage:**
- From **12-minute intervals** to **12-month intervals**, this script covers all major timeframes.
- Perfect for traders who analyze markets across multiple horizons.
7. **User-Friendly Inputs:**
- Intuitive input options for **timeframes, colors, labels, and offsets**.
- Easily customize the script to match your trading preferences.
8. **Dynamic Label Positioning:**
- Labels adjust automatically based on price movements and session changes.
- Choose from **multiple offset options** to position labels precisely.
9. **Miscellaneous Customization:**
- Adjust **text color, label size, and price display settings**.
- Enable or disable **price values** and **session type labels** for a cleaner chart.
---
### **Why Use This Script?**
- **Versatility:** Suitable for all trading styles, including scalping, day trading, swing trading, and long-term investing.
- **Precision:** Accurate VWAP calculations across multiple timeframes ensure you never miss key price levels.
- **Customization:** Tailor the script to your specific needs with a wide range of input options.
- **Clarity:** Dynamic labels and customizable plots make it easy to interpret market trends at a glance.
---
### **How It Works:**
1. **Select Your Price Source:**
- Choose the price source (e.g., Open, Close, HL2) for VWAP calculation based on your trading strategy.
2. **Choose Timeframes:**
- Define the timeframes for VWAP calculation, from intraday to yearly intervals.
3. **Customize Labels and Plots:**
- Enable or disable labels and plots for each timeframe.
- Adjust colors, sizes, and offsets to match your chart setup.
4. **Analyze Market Trends:**
- Use the VWAP lines and labels to identify **support/resistance levels**, **trend direction**, and **potential reversal points**.
5. **Adapt to Market Conditions:**
- Switch between timeframes and price sources to adapt to changing market conditions.
---
### **Ideal For:**
- **Day Traders:** Use short-term VWAPs (e.g., 12-minute, 48-minute) to identify intraday trends and key levels.
- **Swing Traders:** Leverage medium-term VWAPs (e.g., 96-minute, daily) to spot swing opportunities.
- **Long-Term Investors:** Analyze long-term VWAPs (e.g., weekly, monthly) to gauge overall market direction.
---
### **How to Get Started:**
1. Add the script to your TradingView chart.
2. Customize the inputs to match your trading preferences.
3. Analyze the VWAP lines and labels to make informed trading decisions.
---
### **Pro Tip:**
Combine this script with other technical indicators (e.g., moving averages, RSI) for a **holistic view** of the market. Use the VWAP lines as dynamic support/resistance levels to enhance your entry and exit strategies.
This script is a must-have tool for traders who value precision, flexibility, and clarity. Share it with your audience to help them elevate their trading game. Whether they're beginners or seasoned professionals, this **Multi-Timeframe VWAP Dashboard** will become an essential part of their toolkit.
Multi-Timeframe VWAP Master ProThe Multi-Timeframe VWAP Suite is a comprehensive and highly customizable indicator designed for traders who rely on Volume-Weighted Average Price (VWAP) across multiple timeframes and periods. This tool provides a complete suite of VWAP calculations, including daily, weekly, monthly, quarterly, yearly, and custom VWAPs, allowing traders to analyze price action and volume trends with precision. Whether you're a day trader, swing trader, or long-term investor, this indicator offers unparalleled flexibility and depth for your trading strategy.
Multi-Timeframe VWAPs:
Daily, Weekly, Monthly, Quarterly, and Yearly VWAPs: Track VWAP across various timeframes to identify key support and resistance levels.
Customizable Timeframes: Use the SMA timeframe input to adjust the period for moving averages and other calculations.
Previous Period VWAPs:
Previous Daily, Weekly, Monthly, and Quarterly VWAPs: Analyze historical VWAP levels to understand past price behavior and identify potential reversal zones.
Previous Year Quarterly VWAPs: Compare current price action to VWAP levels from specific quarters of the previous year.
Custom VWAPs:
Custom Start Date and Timeframe: Define your own VWAP periods by specifying a start date and timeframe, allowing for tailored analysis.
Dynamic Custom VWAP Calculation: Automatically calculates VWAP based on your custom inputs, ensuring flexibility for unique trading strategies.
Seasonal and Yearly VWAPs:
April, July, and October VWAPs: Analyze seasonal trends by tracking VWAP levels for specific months.
Yearly VWAP: Get a broader perspective on long-term price trends with the yearly VWAP.
SMA Integration:
SMA Overlay: Combine VWAP analysis with a Simple Moving Average (SMA) for additional confirmation of trends and reversals.
Customizable SMA Length and Timeframe: Adjust the SMA settings to match your trading style and preferences.
User-Friendly Customization:
Toggle Visibility and Labels: Easily enable or disable the display of specific VWAPs and their labels to keep your chart clean and focused.
Color Customization: Each VWAP line and label is color-coded for easy identification and can be customized to suit your preferences.
Dynamic Labeling:
Automatic Labels: Labels are dynamically placed on the last bar, providing clear and concise information about each VWAP level.
Customizable Label Text: Labels include detailed information, such as the timeframe or custom period, for quick reference.
Flexible Timeframe Detection:
Automatic Timeframe Detection: The indicator automatically detects new days, weeks, months, and quarters, ensuring accurate VWAP calculations.
Support for Intraday and Higher Timeframes: Works seamlessly on all chart timeframes, from 1-minute to monthly charts.
Previous Year Quarterly VWAPs:
Q1, Q2, Q3, Q4 VWAPs: Compare current price action to VWAP levels from specific quarters of the previous year.
User-Selectable Year: Choose the year for which you want to calculate previous quarterly VWAPs.
Persistent Monthly VWAPs:
Option to Persist Monthly VWAPs Year-Round: Keep monthly VWAP levels visible even after the month ends for ongoing analysis.
Comprehensive Analysis: Combines multiple VWAP timeframes and periods into a single tool, eliminating the need for multiple indicators.
Customizable and Flexible: Tailor the indicator to your specific trading strategy with customizable timeframes, periods, and settings.
Enhanced Decision-Making: Gain deeper insights into price action and volume trends across different timeframes, helping you make more informed trading decisions.
Clean and Organized Charts: Toggle visibility and labels to keep your chart clutter-free while still accessing all the information you need.
Ideal For:
Day Traders: Use daily and intraday VWAPs to identify intraday support and resistance levels.
Swing Traders: Analyze weekly and monthly VWAPs to spot medium-term trends and reversals.
Long-Term Investors: Leverage quarterly and yearly VWAPs to understand long-term price behavior and key levels.
Seasonal Traders: Track April, July, and October VWAPs to capitalize on seasonal trends.
The Multi-Timeframe VWAP Suite is a powerful and versatile tool for traders of all styles and timeframes. With its comprehensive suite of VWAP calculations, customizable settings, and user-friendly design, it provides everything you need to analyze price action and volume trends with precision and confidence. Whether you're looking to fine-tune your intraday strategy or gain a broader perspective on long-term trends, this indicator has you covered.
CandelaCharts - Liquidity Key Zones (LKZ)📝 Overview
The Liquidity Key Zones indicator displays the previous high and low levels for daily, weekly, monthly, quarterly, and yearly timeframes. These levels serve as crucial price zones for trading any market or instrument. They are also high-probability reaction zones, ideal for trading using straightforward confirmation patterns.
Each of these levels plays a significant role in determining whether the market continues its momentum or reverses its bias. I like to think of these levels as dual magnets—they simultaneously attract and repel price. You might wonder how having opposing views can be useful. The key is to remain neutral about direction and establish your own rules to identify when these zones are likely to attract or repel price. I have my own set of rules, and you can develop yours.
📦 Features
MTF
Styling
⚙️ Settings
Day: Shows previous day levels
Week: Shows previous week levels
Month: Shows previous month levels
Quarter: Shows previous quarter levels
Year: Shows previous year levels
Show Average: Shows previous level average price
Show Open: Shows previous level open price
⚡️ Showcase
Daily
Weekly
Monthly
Quarterly
Yearly
Average
Open
📒 Usage
When the price breaks through a significant level, such as a daily, weekly, or monthly high or low, it often signals a potential reversal in market direction. This occurs because these levels represent key areas of support or resistance, where traders anticipate heightened activity, including profit-taking, stop-loss orders, or new positions being initiated.
Once the price breaches these levels, it may trigger a sharp reaction as market participants adjust their strategies, leading to a reversal. Monitoring price action and volume around these levels can provide valuable confirmation of such reversals.
Another effective approach to utilizing these pivot points is by incorporating them into a structured trading strategy, such as the X Model, which leverages multiple timeframes and technical tools to refine trade entries and exits.
X Model conditions:
(D1) Previous Day High (ERL)
(H1) Bullish FVG/IFVG/OB (IRL)
(m15) MSS / SMT
Only Short Above 00:00
By combining these elements, the X Model offers a comprehensive framework for leveraging pivot levels effectively, emphasizing confluence between liquidity zones, time-based rules, and multi-timeframe analysis to enhance trading accuracy and consistency.
🚨 Alerts
This script provides alert options for all signals.
Bearish Signal
A bearish signal is generated when the price breaks below the previous low level.
Bullish Signal
A bullish signal is generated when the price breaks above the previous low level.
⚠️ Disclaimer
Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.
Multi Timeframe 8x MA Support Resistance Zones [SiDec]Multi-Timeframe Moving Average Support/Resistance Zones: The Ultimate Trading Power Tool
Indicator Overview
Get ready to elevate your trading game with the Multi-Timeframe Moving Average Support/Resistance Zones indicator. This advanced tool is engineered for traders who want to maximize efficiency without constantly switching between timeframes. By dynamically plotting support and resistance zones using the 21 SMA and 21 EMA, it reveals crucial price levels where trends may pause, reverse, or accelerate—giving you actionable insights in a fraction of the time.
Imagine seeing all the relevant timeframe zones on one chart, without ever needing to flip between timeframes—saving you time and allowing you to focus on what really matters.
Core Features
Dynamic Zones That Adjust in Real-Time:
The area between the 21 EMA and 21 SMA is shaded, forming a "zone" on your chart. This dynamic zone adjusts live as price moves, keeping you in sync with current market behavior across multiple timeframes.
By showing these zones across all your selected timeframes, you can view everything you need at a glance—no time wasted jumping between charts.
All Timeframes, One View:
With the ability to view multiple timeframe zones simultaneously (from 5-minute to Monthly), this tool helps you spot key levels quickly without switching between timeframes. You’ll see how price interacts with these levels across different timeframes without ever having to change charts.
Higher timeframes show broader, more significant zones—giving you the market's big picture—while intraday zones help you fine-tune your entries.
Customisable Like Never Before:
Toggle Timeframes: Only activate the timeframes you care about—no distractions, just pure focus.
Color Your World: Assign different colors to each timeframe for instant visual cues (e.g., blue for Daily, gold for Weekly). This makes it easy to identify key zones across all timeframes at a glance.
Why You Need This Tool
Instant Trend Confirmation: Track how price interacts with multiple timeframe zones to confirm bullish or bearish momentum in real-time.
Confluence = High Confidence: When zones from multiple timeframes overlap, you’ve found a high-probability reversal area. This is where the market is likely to turn, and where your edge lies.
Efficiency at Its Best: No more switching between timeframes—everything you need is in one place, giving you more time to trade and less time spent on analysis.
Configuration Instructions
1.) Timeframe Selection:
Choose which timeframes to display using the Timeframe Selection panel.
Intraday Focus: 5m, 15m, 1H.
Swing/Long-Term Focus: 4H, 12H, Daily, Weekly, Monthly.
Color Coding: Assign a distinct color to each timeframe for instant identification—like having a personal color-coded trading roadmap.
2.) MA Settings:
MA Types:
21 EMA: Perfect for capturing short-term trends and fast price action.
21 SMA: The smooth operator for spotting longer-term trends with more consistency.
Recommended Periods: The 21-period MA works wonders for trend detection across various timeframes. You can also integrate Fibonacci-based MAs (e.g., 55, 233) for enhanced confluence.
3.) Visual Tweaks:
Opacity: Adjust the zone transparency (80-90% opacity keeps it visible yet non-intrusive).
Zone Extensions: Customize how far zones extend backward and forward, capturing the full impact of support/resistance levels.
Labels: Show real-time MA values and timeframe-specific details for further clarity.
Trading Strategies That Pack a Punch
1.) Trend Confirmation:
Uptrend: Price staying above the 21 EMA and 21 SMA suggests a bullish trend.
Downtrend: Price holding below these MAs signals a bearish market.
2.) Zone-Based Reversals:
Entry: Look for price to retrace to a higher timeframe support zone (e.g., Daily 21 SMA) with confirmation from oversold/overbought indicators like RSI.
Exit: Time to sell when price breaks through a critical zone, like the 4H 21 EMA.
3.) Confluence Trading:
Combine the zones with other indicators to amplify your trade setups:
Fibonacci Levels: When a 61.8% retracement lines up with an MA zone, you’ve found a high-confluence area.
Volume Profile: High-volume nodes near key zones strengthen their significance.
Best Practices for Maximum Profit
Focus on Higher Timeframes: Weekly and Monthly zones carry more weight, making them more significant in decision-making.
Avoid Clutter: If you’re trading higher timeframes, disable intraday timeframes like 5m and 15m to keep your chart clear and focused.
Risk Management: Zones are probabilities, not guarantees. Always use stop-loss orders to protect your trades.
Example of a Winning Setup
Scenario:
Price retraces to the 1H 21 EMA zone.
The Daily 21 SMA zone is nearby—talk about confluence!
RSI shows oversold conditions, indicating a potential reversal.
Action:
Enter long on a bullish candlestick pattern (e.g., bullish engulfing).
Set your stop-loss just below the Daily 21 SMA zone.
Target the next higher timeframe resistance.
Performance Considerations
Repainting Risk: Zones might slightly adjust with the formation of new bars, but the changes will typically be minimal.
Enhance with Oscillators: Use momentum indicators like MACD or Stochastic and volume analysis for even more confirmation.
Conclusion
The Multi-Timeframe Moving Average Support/Resistance Zones indicator isn’t just a tool—it’s a game-changer. With the ability to view all relevant timeframe zones on one chart, you can make decisions faster, spot high-confluence areas, and trade with greater precision. The time you save by not switching between timeframes can make all the difference in your trading success.
Maximise your trading edge—harness the power of multi-timeframe analysis, gain more time to trade, and dominate the market like never before. 📊🔍
Sadosi Gap SelecterThis indicator is designed to be used on daily charts. Please note that it will not work with weekly or hourly data.
The Sadosi Gap Selecter is a powerful indicator designed to identify price gaps that occur between specific dates on the chart. It allows users to easily analyze price movements between selected weeks and days, highlighting these periods with visual boxes. This helps traders spot potential trend reversals and key price levels more effectively. It’s particularly valuable for those utilizing gap trading strategies to identify market inefficiencies.
The core functionality of this indicator is based on detecting price differences between two selected days within a defined date range. With the Start Day (day1) and End Day (day2) options, you can choose the exact days of the week you’d like to analyze. For instance, if you want to focus on price movements from Friday to Monday, simply select those days. Additionally, the Start Week (week1) and End Week (week2) settings allow you to narrow down the time frame on a weekly basis, making it easy to analyze price behavior during specific periods of the year.
For visual customization, several options are available. The Color (renk) setting lets you choose between red and yellow for the highlighted boxes. The Transparency (op) control adjusts the background opacity from 0% (fully opaque) to 100% (completely transparent), allowing you to manage how prominently the boxes appear on your chart. Furthermore, the Border (hat) option enables you to add or remove borders around the boxes, helping reduce visual clutter or emphasize certain areas depending on your preference.
Once applied to the chart, the indicator automatically generates boxes for the specified date ranges. The upper and lower bounds of each box are determined based on the price movement within that period, providing insights into the direction and strength of the trend. However, this tool does not generate definitive buy or sell signals on its own. It is recommended to use it alongside other technical analysis tools to make more informed trading decisions.
With the Sadosi Gap Selecter, you can gain clearer insights into price behavior, strengthen your trend analyses using historical data, and fully customize the settings to match your trading style for more effective results.
This indicator is designed to be used on daily charts. Please note that it will not work with weekly or hourly data
COT Index and OI IndexCOT Index and OI Index
It calculates COT Index for Commercials and Open Interest Index. Both for a custom period depending of the asset nature. These periods can be adjusted. You can also choose to have signals drawn on the chart when the following conditions are met
If "Extreme Positions" option is chosen:
* COT Index for Commercials > Extreme Long (adjustable parameter in %) and COT Index for Large Speculators and Small Speculators < Extreme Short (adjustable parameter in %). This will show a green triangle up in the last weekly bar/candle
* COT Index for Commercials < Extreme Short (adjustable parameter in %) and COT Index for Large Speculators and Small Speculators > Extreme Long (adjustable parameter in %). This will show a red triangle down in the last weekly bar/candle
If "Extreme Commercials and OI Index" option is chosen:
* COT Index for Commercials > Extreme Long (adjustable parameter in %) and OI Index < Extreme Short (adjustable parameter in %). This will show a green triangle up in the last weekly bar/candle
* COT Index for Commercials < Extreme Short (adjustable parameter in %) and OI Index > Extreme Long (adjustable parameter in %). This will show a red triangle down in the last weekly bar/candle
Jay Stock Vs S&P Sector Performance
This indicator facilitates stock comparison with an S&P sector while also identifying sector trends and potential trend beginnings, continuations, and conclusions by integrating moving averages with trend lines.
Its unique trend curves also assist in pinpointing key support and resistance levels for the sector. The sector grouping and market cap are calculated within the indicator using a curated list of stocks.
Multi-timeframe plots provide valuable insights by displaying short-term and long-term trends on the same chart, making it suitable for both intraday and swing trading analysis.
Multiple sector charts and trends can be visualized at the same time by adding multiple instances of same indicator to compare different sectors for portfolio rebalancing between sectors.
Another distinctive and essential feature is performance lines, which allow for visualizing S&P sector performance relative to the SPX market and stock performance relative to the S&P sector. Using the performance lines, one can identify top-performing sectors and then pinpoint the best stocks within those sectors.
How to read multi-timeframe charts?
The first timeframe, such as daily, is represented by a red EMA8 line (labeled DE) and a corresponding thin trend line (labeled DT). The second timeframe, such as weekly, uses a green EMA8 line (labeled WE) and a medium trend line (labeled WT). The third timeframe, such as monthly, is depicted with a blue EMA8 line (labeled ME) and a thick trend line (labeled MT).
As the timeframe increases, the true range increases and hence trend curve thickness increases.
How do EMA and Trend Line Work Together?
In the Electronic Tech sector daily chart screenshot below, trend initiation is highlighted with a green circle, trend continuation is marked by arrow, and trend completion is indicated with a red circle. A total of two trends are identified on the chart.
When the EMA crosses above the corresponding trend line, it signals the start of a trend, while a cross below the trend line marks its end. The period between the trend start and end represents trend continuation.
How do Trend Lines Serve as Support or Resistance?
In the Electronics Sector daily chart screenshot below, the monthly green trend line serves as support when the price declines toward it, while the red trend line acts as resistance when the price rises from below.
Green circles on the chart highlight instances where the monthly trend provided support, while red circles indicate points where the weekly trend acted as resistance.
How Multi-Timeframe Trends Assist in Stock Analysis?
In the Transportation sector daily chart screenshot below, the monthly trend is rising, and the weekly trend is also moving upward, indicating a favorable outlook for both long-term (monthly) and medium-term (weekly) trends. While, the daily chart suggests a up trend starting.
How to use performance lines to pick outperforming sectors and stocks?
In the screenshot below, the sector candles and trendlines have been disabled in the settings for better clarity, while the performance lines remain enabled. The chart displays META's performance lines, comparing its performance against the Technology Services sector.
The upward movement of the red lines indicates that META is performing well relative to its sector, while the rising blue lines suggest that the sector itself is gaining strength. This trend signals a potential improvement in both the sector’s overall performance and META’s standing within it.
Inputs and customization:
The combination of ema and trend plots will be plotted for 4 different time frames all at once. The first three timeframes(60, 240, D, W, M, etc) can be chosen in the settings while the fourth one is for current chart timeframe.
One can manually select the sector for comparison in the settings or choose to have it automatically selected for most of S&P 500 stocks. At what price to plot the sector chart can be set in the settings.
The sector candles, trend lines, performance lines and labels, can all be shown or hidden by adjusting settings.
How is Trend Line and EMA calculated?
The Trend line is calculated using an arithmetic equation based on the last 8 data points, which are themselves a combination of weighted moving averages of varying lengths. A 14-period true range of the price is calculated and plotted as a buffer zone around the trend lines.
Trend curves appear green when the price is above the trend line and red when it is below. Trend lines are labeled using the timeframe followed by 'T' (e.g., DT, WT, MT).
The EMA represents the weighted moving average of the most recent eight candles and is labeled with the timeframe followed by 'E' (e.g., DE, WE, ME).
How is sector data(representational) Calculated ?
The representational sector data (market cap) is calculated by summing each stock's price, weighted by its market cap percentage within the selected group, and then scaling the result to display at the desired price point on the chart.
The sector plot data shown here is the representation(not actual) of total market value of a few chosen stocks (list shown on chart) in the S&P 500. Large-cap stocks are excluded from the calculation to mitigate bias. Therefore, the displayed chart offers an approximate representation of the sector movement.
How is performance Calculated ?
The stock vs. sector performance, shown in red, is calculated as the stock's market cap movement divided by the sector's market cap movement. If the stock is doing much better than the rest of its sector group, this line will go up. Similarly, sector Vs SPX performance, shown in blue, is calculated as sector movement divide by SPX movement. When a sector outperforms the broader(SPX) market, the blue line trends upward.
Pro Tip: For optimal visibility, apply this indicator to a separate pane below the stock chart.
Caution: This indicator is intended solely for educational and analytical purposes, assisting traders in studying stock movements relative to their sector group. Stocks selected for sector market cap calculations are curated and hence these plots should only be taken for comparison study purposes. Exercise caution when using it for investment decisions.
Multiasset MVRVZ - MVRVZ for Multiple Crypto Assets [Da_Prof]This indicator shows the Market Value-Realized Value Z-score (MVRVZ) for Multiple Assets. The MVRV-Z score measures the value of a crypto asset by comparing its market cap to the realized value and dividing by the standard deviation of the market cap (market cap – realized cap) / stdev(market cap) to get a z-score. When the market value is significantly higher than the realized value, the asset may be considered "overvalued". Conversely, market values below the realized value may indicate the asset is "undervalued". For some assets (e.g., BTC) historically high values have generally signaled price tops and historically low values have signaled bottoms.
The indicator displays two lines: 1) the MVRV-Z of the current chart symbol if the data is available through Coin Metrics (this is displayed in light blue), and 2) the MVRV-Z of the symbol selected from the dropdown (displayed in orange). The MVRV-Z of BTC is the default selected orange line. The example chart shows CRYPTOCAP:ETH 's MVRV-Z in blue and CRYPTOCAP:BTC 's MVRV-Z in orange.
The MVRV-Z in this indicator is calculated on the weekly and will display consistently on lower timeframes. Some MVRV-Z indicators calculate this value from collection of all data from the beginning of the chart on the timeframe of the chart. This creates inconsistency in the standard deviation calculation and ultimately the z-score calculation when moving between time frames. This indicator calculates MVRV-Z based on the set number of weeks prior from the source data directly (default is two years worth of weekly data). This allows consistent MVRV-Z values on weekly and lower timeframes.
RShar Seasonal RSISeasonal RSI
This indicator, Seasonal RSI, is designed to enhance trading decisions by combining the **Relative Strength Index (RSI)** with insights derived from historical **seasonality patterns**. It not only calculates RSI but also overlays seasonality data for the current week of the year, providing traders with a more contextualized view of market conditions.
---
### **Key Features**
#### 1. **Relative Strength Index (RSI) Calculation**
- The script calculates the RSI for a user-defined period (`RSI Length`), which is an oscillator used to measure the speed and magnitude of price changes.
- RSI values are plotted on the chart, helping traders identify **overbought** and **oversold** conditions.
- Thresholds for **Overbought** and **Oversold** levels are customizable, with default values of 70 and 30, respectively.
---
#### 2. **Dynamic RSI Coloring Based on Seasonality**
- The color of the RSI line dynamically adjusts based on historical **win rates** for the current week of the year:
- **Bright Green** for win rates > 65%.
- **Green** for win rates between 50-65%.
- **Red** for win rates between 35-50%.
- **Dark Red** for win rates < 35%.
- This feature gives traders a quick visual cue about whether the historical performance of the current week tends to be bullish, neutral, or bearish.
---
#### 3. **Overbought and Oversold Level Visualization**
- Overbought and oversold levels are displayed as dotted horizontal lines on the RSI chart.
- These levels act as visual guides for potential price reversals:
- **Overbought (default 70)**: Indicates potential selling pressure.
- **Oversold (default 30)**: Indicates potential buying pressure.
---
#### 4. **Seasonality Data Integration**
- Historical **seasonality data** is used to analyze price performance patterns for each week of the year:
- **Win Rate**: The percentage of years in which prices closed higher during the current week.
- **Average Weekly Change**: The average price percentage change during the current week over historical data.
- This data provides additional context to RSI readings, helping traders align their strategies with seasonal tendencies.
---
#### 5. **Information Table Overlay**
- A table is displayed in the **top-right corner** of the chart, summarizing seasonality data for the current week:
- **Week Win Rate**: Displays the percentage of historical years where prices rose during this week.
- **Avg Weekly Change**: Shows the average percentage price change for the current week. Positive values are displayed in green, and negative values are shown in red.
- This overlay provides actionable insights without cluttering the chart.
---
### **How It Works**
1. **Seasonality Data**:
- A function (`getSeasonalityForWeek`) fetches or uses predefined mock seasonality data for each week of the year.
- For each week, it calculates:
- The **Win Rate** (percentage of years with positive performance).
- The **Mean Change** (average price percentage change).
2. **RSI Plot**:
- The RSI line is plotted on the chart.
- The line's color is determined by the win rate for the current week, providing a visual representation of historical performance trends.
3. **Threshold Visualization**:
- Horizontal lines for overbought and oversold levels are drawn to assist in identifying potential reversal points.
4. **Information Table**:
- The table summarizes the current week's seasonality data for quick reference, helping traders make data-driven decisions.
---
### **Use Cases**
- **Short-Term Traders**:
Use the dynamic RSI colors and seasonality table to align short-term trades with historical patterns of weekly performance.
- **Swing Traders**:
Identify whether a stock or market is in an overbought/oversold condition while considering the seasonal tendency for the week.
- **Contextual Decision-Making**:
Combine traditional RSI signals with historical data to reduce false signals and improve timing.
---
### **Limitations**
- The script uses **mock seasonality data** in its default state. To make it fully functional, replace the mock data with actual historical performance metrics for your specific ticker or market.
- The indicator does not fetch real-time external data due to Pine Script’s limitations, so all seasonality data must be manually updated or hardcoded.
---
This indicator provides a powerful way to combine technical analysis with historical trends, offering a unique edge to traders by adding seasonal context to RSI signals.
VWAP Fibonacci Bands (Zeiierman)█ Overview
The VWAP Fibonacci Bands is a sophisticated yet user-friendly indicator designed to assist traders in visualizing market trends, volatility, and potential support/resistance levels. Developed by Zeiierman, this tool integrates the MIDAS (Market Interpretation Data Analysis System) methodology with Standard Deviation Bands and user-defined Fibonacci levels to provide a comprehensive market analysis framework.
This indicator is built for traders who want a dynamic and customizable approach to understanding market movements, offering features that adapt to varying market conditions. Whether you're a scalper, swing trader, or long-term investor.
█ How It Works
⚪ Anchor Point System
The indicator begins its calculations based on an anchor point, which can be set to:
A specific date for historical analysis or alignment with significant market events.
A timeframe-based reset, dynamically restarting calculations at the beginning of each selected period (e.g., daily, weekly, or monthly).
This dual-anchor method ensures flexibility, allowing the indicator to align with various trading strategies.
⚪ MIDAS Calculation
The MIDAS calculation is central to this indicator. It uses cumulative price and volume data to compute a volume-weighted average price (VWAP), offering a trendline that reflects the true value weighted by trading activity.
⚪ Standard Deviation Bands
The upper and lower bands are calculated using the standard deviation of price movements around the MIDAS line.
⚪ Fibonacci Levels
User-defined Fibonacci ratios are used to plot additional support and resistance levels between the bands. These levels provide visual cues for potential price reversals or trend continuations.
█ How to Use
⚪ Trend Identification
Uptrend: The price remains above the MIDAS line.
Downtrend: The price stays below the MIDAS line and aligns with the lower bands.
⚪ Support and Resistance
The upper and lower bands act as support and resistance levels.
Fibonacci levels provide intermediate zones for potential price reversals.
⚪ Volatility Analysis
Wider bands indicate periods of high volatility.
Narrower bands suggest low-volatility conditions, often preceding breakouts.
⚪ Overbought/Oversold Conditions
Look for the price beyond the upper or lower bands to identify extreme conditions.
█ Settings
Set Anchor Method
Anchor Method: Choose between Timeframe or Date to define the starting point of calculations.
Anchor Timeframe: For Timeframe mode, specify the interval (e.g., Daily, Weekly).
Anchor Date: For Date mode, set the exact starting date for historical alignment.
Set Std Dev Multiplier
Controls the width of the bands:
Higher values widen the bands, filtering out minor fluctuations.
Lower values tighten the bands for more responsive analysis.
Set Fibonacci Levels
Define custom Fibonacci ratios (e.g., 0.236, 0.382) to plot intermediate levels between the bands.
█ Tips for Fine-Tuning
⚪ For Trend Trading:
Use higher Std Dev Multipliers to focus on long-term trends and avoid noise. Adjust Anchor Timeframe to Weekly or Monthly for broader trend analysis.
⚪ For Reversal Trading:
Tighten the bands with a lower Std Dev Multiplier.
Use shorter anchor timeframes for intraday reversals (e.g., Hourly).
⚪ For Volatile Markets:
Increase the Std Dev Multiplier to accommodate wider price swings.
⚪ For Quiet Markets:
Decrease the Std Dev Multiplier to highlight smaller fluctuations.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Advanced OHLCThis indicator is designed to assist traders in identifying significant price levels and potential market behaviors using historical weekly or daily data. It provides a structured approach to understanding price movements through customizable visualizations and precise calculations.
Key Features:
1. Weekly and Daily Levels
2. Displays key levels for either the weekly or daily timeframe, depending on user settings. Offers clear insights into market structure and potential turning points.
3. Adjustable Lookback Period
4. Allows users to set the lookback period for historical data analysis.
Levels are calculated using a mean average, ensuring a balanced view of past market behavior.
Customizable Visualizations
5. Provides fully customizable level lines, enabling users to adjust colors, thickness, and style to suit their preferences and chart aesthetics.
Candle Open and Market Behavior Levels
6. Marks the open price for the current daily candle, providing a reference point for intraday analysis.
7. Identifies potential manipulation and distribution levels, offering insights into possible reversals and trend continuations.
How It Works:
The indicator uses historical price data to calculate levels based on patterns and movements observed over specific periods.
Level Calculations:
For daily levels, the tool analyzes historical data (e.g., the last 60 Mondays for a Monday's levels).
It splits each day into its open, high, low, and close (OHLC) values.
It evaluates how far the price moved against the final direction of the day (manipulation levels) and with the final direction (distribution levels).
Exclusion of Non-Valid Data:
To maintain accuracy, certain edge cases—such as candles without wicks—are excluded from calculations.
When using the indicator on Futures charts please make sure to use ONLY the continuous chart so that there is enough data for the calculations.
XLimitless - Commitments of Traders (COT)XLimitless - Commitment of Traders (COT)
Unlock unparalleled market insights with the
XLimitless - COT Indicator, designed to give traders a competitive edge by visualizing the weekly Commitment of Traders (COT) data in an interactive and customizable table.
This advanced tool provides a comprehensive breakdown of market participants' positions, including Commercials, Non-Commercials (Large Speculators), and Non-Reportables (Small Speculators).
Key Features:
Customizable Data Display:
Choose from Commercial , Non-Commercial , or Non-Reportable positions.
Set the number of weeks to display (up to 52) for a tailored view.
Heatmap highlighting for quick identification of historical extremes.
Detailed Metrics:
Weekly Long, Short, and Net Positions data.
Open Interest and weekly changes for granular analysis.
Max/Min rows to spot historical highs and lows at a glance.
Interactive Table Positioning:
Flexible table placement options (e.g., Top Right, Bottom Left) to suit your chart layout.
Dynamic date adjustments with time-zone support for accurate alignment.
Enhanced Visual Feedback:
Heatmap-based color gradients for easy trend and extreme position identification.
Integrated tooltips for intuitive data understanding.
Global Asset Coverage:
Supports major asset classes, including Currencies, Commodities, Indices, and more.
Auto-detects base and quote currencies, ensuring accurate data mapping.
Historical Lookback Settings:
Analyze trends over 6 months to 5 years with configurable lookback periods.
Market Participants:
Commercial: Users & Producers
Non Commercial: Bank, Institutions & Large Traders
Non Reportable: Small Traders, Retail
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Disclaimer:
By using or publishing the XLimitless - Commitment of Traders (COT) indicator, you warrant that:
The information displayed and interpreted through this tool complies with applicable laws and regulations.
The indicator does not constitute investment advice or financial recommendations.
The content generated is not intended solely for qualified or professional investors.
Always ensure compliance with TradingView’s policies and applicable legal standards. Use this indicator responsibly and at your own discretion.
ATR Multi-Timeframe (Trend Direction + Current Levels) Indicator Name
ATR Multi-Timeframe (Trend Direction + Current Levels)
Description
This indicator helps you visualize support and resistance levels based on the Average True Range (ATR) and track the current trend direction across multiple timeframes (daily, weekly, and monthly). It is a valuable tool for traders looking to enhance decision-making and market volatility analysis.
Key Features
Multi-Timeframe ATR Analysis:
Calculates the Average True Range (ATR) and True Range (TR) for daily, weekly, and monthly timeframes.
Trend Direction Indicators:
Displays trend direction using arrows (▲ for uptrend, ▼ for downtrend) with color-coded labels (green for uptrend, red for downtrend).
Support and Resistance Levels:
Dynamically calculates trend levels (Open ± ATR) and opposite levels for each timeframe.
Persistent lines extend these levels into the future for better visualization.
Customizable Settings:
Toggle visibility of daily, weekly, and monthly levels.
Adjust line width and colors for each timeframe.
Summary Table:
Displays a compact table showing ATR percentages, TR percentages, and trend direction for all timeframes.
Why Use This Indicator?
Quickly identify key support and resistance levels across different timeframes.
Understand market volatility through ATR-based levels.
Spot trends and reversals with easy-to-read visual elements.
How to Use:
Add the indicator to your chart.
Enable or disable specific timeframes (Daily, Weekly, Monthly) in the settings.
Adjust line styles and colors to match your preferences.
Use the displayed levels to plan entry/exit points or manage risk.
This indicator is perfect for both swing and intraday traders who want a clear and dynamic view of volatility and trend across multiple timeframes.
