Bitcoin Cycle Master [InvestorUnknown]The "Bitcoin Cycle Master" indicator is designed for in-depth, long-term analysis of Bitcoin's price cycles, using several key metrics to track market behavior and forecast potential price tops and bottoms. The indicator integrates multiple moving averages and on-chain metrics, offering a comprehensive view of Bitcoin’s historical and projected performance. Each of its components plays a crucial role in identifying critical cycle points:
Top Cap: This is a multiple of the Average Cap, which is calculated as the cumulative sum of Bitcoin’s price (price has a longer history than Market Cap) divided by its age in days. Top Cap serves as an upper boundary for speculative price peaks, multiplied by a factor of 35.
Time_dif() =>
date = ta.valuewhen(bar_index == 0, time, 0)
sec_r = math.floor(date / 1000)
min_r = math.floor(sec_r / 60)
h_r = math.floor(min_r / 60)
d_r = math.floor(h_r / 24)
// Launch of BTC
start = timestamp(2009, 1, 3, 00, 00)
sec_rb = math.floor(start / 1000)
min_rb = math.floor(sec_rb / 60)
h_rb = math.floor(min_rb / 60)
d_rb = math.floor(h_rb / 24)
difference = d_r - d_rb
AverageCap() =>
ta.cum(btc_price) / (Time_dif() + btc_age)
TopCap() =>
// To calculate Top Cap, it is first necessary to calculate Average Cap, which is the cumulative sum of Market Cap divided by the age of the market in days.
// This creates a constant time-based moving average of market cap.
// Once Average cap is calculated, those values are multiplied by 35. The result is Top Cap.
// For AverageCap the BTC price was used instead of the MC because it has more history
// (the result should have minimal if any deviation since MC would have to be divided by Supply)
AverageCap() * 35
Delta Top: Defined as the difference between the Realized Cap and the Average Cap, this metric is further multiplied by a factor of 7. Delta Top provides a historically reliable signal for Bitcoin market cycle tops.
DeltaTop() =>
// Delta Cap = Realized Cap - Average Cap
// Average Cap is explained in the Top Cap section above.
// Once Delta Cap is calculated, its values over time are then multiplied by 7. The result is Delta Top.
(RealizedPrice() - AverageCap()) * 7
Terminal Price: Derived from Coin Days Destroyed, Terminal Price normalizes Bitcoin’s historical price behavior by its finite supply (21 million bitcoins), offering an adjusted price forecast as all bitcoins approach being mined. The original formula for Terminal Price didn’t produce expected results, hence the calculation was adjusted slightly.
CVDD() =>
// CVDD stands for Cumulative Value Coin Days Destroyed.
// Coin Days Destroyed is a term used for bitcoin to identify a value of sorts to UTXO’s (unspent transaction outputs). They can be thought of as coins moving between wallets.
(MCR - TV) / 21000000
TerminalPrice() =>
// Theory:
// Before Terminal price is calculated, it is first necessary to calculate Transferred Price.
// Transferred price takes the sum of > Coin Days Destroyed and divides it by the existing supply of bitcoin and the time it has been in circulation.
// The value of Transferred Price is then multiplied by 21. Remember that there can only ever be 21 million bitcoin mined.
// This creates a 'terminal' value as the supply is all mined, a kind of reverse supply adjustment.
// Instead of heavily weighting later behavior, it normalizes historical behavior to today. By normalizing by 21, a terminal value is created
// Unfortunately the theoretical calculation didn't produce results it should, in pinescript.
// Therefore the calculation was slightly adjusted/improvised
TransferredPrice = CVDD() / (Supply * math.log(btc_age))
tp = TransferredPrice * 210000000 * 3
Realized Price: Calculated as the Market Cap Realized divided by the current supply of Bitcoin, this metric shows the average value of Bitcoin based on the price at which coins last moved, giving a market consensus price for long-term holders.
CVDD (Cumulative Value Coin Days Destroyed): This on-chain metric analyzes Bitcoin’s UTXOs (unspent transaction outputs) and the velocity of coins moving between wallets. It highlights key market dynamics during prolonged accumulation or distribution phases.
Balanced Price: The Balanced Price is the difference between the Realized Price and the Terminal Price, adjusted by Bitcoin's supply constraints. This metric provides a useful signal for identifying oversold market conditions during bear markets.
BalancedPrice() =>
// It is calculated by subtracting Transferred Price from Realized Price
RealizedPrice() - (TerminalPrice() / (21 * 3))
Each component can be toggled individually, allowing users to focus on specific aspects of Bitcoin’s price cycle and derive meaningful insights from its long-term behavior. The combination of these models provides a well-rounded view of both speculative peaks and long-term value trends.
Important consideration:
Top Cap did historically provide reliable signals for cycle peaks, however it may not be a relevant indication of peaks in the future.
Tìm kiếm tập lệnh với "股价站上60月线"
RSI with Swing Trade by Kelvin_VAlgorithm Description: "RSI with Swing Trade by Kelvin_V"
1. Introduction:
This algorithm uses the RSI (Relative Strength Index) and optional Moving Averages (MA) to detect potential uptrends and downtrends in the market. The key feature of this script is that it visually changes the candle colors based on the market conditions, making it easier for users to identify potential trend swings or wave patterns.
The strategy offers flexibility by allowing users to enable or disable the MA condition. When the MA condition is enabled, the strategy will confirm trends using two moving averages. When disabled, the strategy will only use RSI to detect potential market swings.
2. Key Features of the Algorithm:
RSI (Relative Strength Index):
The RSI is used to identify potential market turning points based on overbought and oversold conditions.
When the RSI exceeds a predefined upper threshold (e.g., 60), it suggests a potential uptrend.
When the RSI drops below a lower threshold (e.g., 40), it suggests a potential downtrend.
Moving Averages (MA) - Optional:
Two Moving Averages (Short MA and Long MA) are used to confirm trends.
If the Short MA crosses above the Long MA, it indicates an uptrend.
If the Short MA crosses below the Long MA, it indicates a downtrend.
Users have the option to enable or disable this MA condition.
Visual Candle Coloring:
Green candles represent a potential uptrend, indicating a bullish move based on RSI (and MA if enabled).
Red candles represent a potential downtrend, indicating a bearish move based on RSI (and MA if enabled).
3. How the Algorithm Works:
RSI Levels:
The user can set RSI upper and lower bands to represent potential overbought and oversold levels. For example:
RSI > 60: Indicates a potential uptrend (bullish move).
RSI < 40: Indicates a potential downtrend (bearish move).
Optional MA Condition:
The algorithm also allows the user to apply the MA condition to further confirm the trend:
Short MA > Long MA: Confirms an uptrend, reinforcing a bullish signal.
Short MA < Long MA: Confirms a downtrend, reinforcing a bearish signal.
This condition can be disabled, allowing the user to focus solely on RSI signals if desired.
Swing Trade Logic:
Uptrend: If the RSI exceeds the upper threshold (e.g., 60) and (optionally) the Short MA is above the Long MA, the candles will turn green to signal a potential uptrend.
Downtrend: If the RSI falls below the lower threshold (e.g., 40) and (optionally) the Short MA is below the Long MA, the candles will turn red to signal a potential downtrend.
Visual Representation:
The candle colors change dynamically based on the RSI values and moving average conditions, making it easier for traders to visually identify potential trend swings or wave patterns without relying on complex chart analysis.
4. User Customization:
The algorithm provides multiple customization options:
RSI Length: Users can adjust the period for RSI calculation (default is 4).
RSI Upper Band (Potential Uptrend): Users can customize the upper RSI level (default is 60) to indicate a potential bullish move.
RSI Lower Band (Potential Downtrend): Users can customize the lower RSI level (default is 40) to indicate a potential bearish move.
MA Type: Users can choose between SMA (Simple Moving Average) and EMA (Exponential Moving Average) for moving average calculations.
Enable/Disable MA Condition: Users can toggle the MA condition on or off, depending on whether they want to add moving averages to the trend confirmation process.
5. Benefits of the Algorithm:
Easy Identification of Trends: By changing candle colors based on RSI and MA conditions, the algorithm makes it easy for users to visually detect potential trend reversals and trend swings.
Flexible Conditions: The user has full control over the RSI and MA settings, allowing them to adapt the strategy to different market conditions and timeframes.
Clear Visualization: With the candle color changes, users can quickly recognize when a potential uptrend or downtrend is forming, enabling faster decision-making in their trading.
6. Example Usage:
Day traders: Can apply this strategy on short timeframes such as 5 minutes or 15 minutes to detect quick trends or reversals.
Swing traders: Can use this strategy on longer timeframes like 1 hour or 4 hours to identify and follow larger market swings.
Trend and RSI Bias FusionTrend and RSI Bias Fusion Indicator
This is my first ever indicator. I created this indicator for myself. I was inspired by the indicators created by Bjorgum, Duyck and QuantTherapy and decided to create multiple indicators that either work well combined with their indicators or something new that applies some of their indicator concepts. I decided to share this because I believe in learning and earing together as a community. I will later share the rest of the indicators I have created. This is my first time ever sharing any indicator so if you guys have any questions or suggestions write them.
Overview
The "Trend and RSI Bias Fusion" indicator is a versatile tool designed to help traders identify key market trends, potential reversals, momentum shifts, and RSI-based pullbacks. This indicator fuses trend analysis and RSI bias into a single, comprehensive visual, making it easier to make informed trading decisions across various timeframes and market conditions.
Features
Dual Timeframe Analysis: Combines trend analysis on a higher timeframe (e.g., Daily) with RSI analysis on a lower timeframe (e.g., 4-Hour), providing a more granular view of market conditions. You can, however, choose any timeframe you want for instance 12hr with trend and 2hr RSI analysis.
Trend and Momentum Visualization: The indicator uses Exponential Moving Averages (EMAs) to determine trend direction and colors the chart background to reflect bullish or bearish trends, along with momentum strength.
RSI Bias Detection: Automatically identifies overbought and oversold conditions using the RSI, providing a clear indication of potential market reversals or continuations.
Color-Coded Bars: Optionally color codes bars based on either trend direction or RSI bias, giving you a quick visual cue of the market's state.
Reversal Markers: Displays trend reversal markers on the chart when the short-term EMA crosses over or under the long-term EMA.
Calculation Details
Exponential Moving Averages (EMAs): The indicator calculates short-term and long-term EMAs using the closing prices.
The crossover between these EMAs is used to determine the trend direction:
Short-Term EMA: Typically a 14-period EMA.
Long-Term EMA: Typically a 50-period EMA.
Momentum: Calculated using the RSI and then centered around zero by subtracting 50. This allows the indicator to distinguish between positive and negative momentum.
RSI Bias: The RSI is calculated on a lower timeframe to detect overbought (above 60) and oversold (below 40) conditions, which are used to determine the bias:
RSI Above 60: Indicates potential overbought conditions (bearish bias).
RSI Below 40: Indicates potential oversold conditions (bullish bias).
How to Use the Indicator
Select Your Timeframes: Choose your preferred trend timeframe (e.g., Daily) and RSI timeframe (e.g., 4-2 Hour) in the indicator settings. These should match your trading strategy and the asset class you're analyzing.
Interpret Trend and Momentum
Background Color: The background color reflects the current trend direction:
Green/Lime: Uptrend, with lime indicating positive momentum.
Red/Maroon: Downtrend, with maroon indicating positive momentum within a downtrend.
Momentum Histogram: The histogram plot shows momentum, color-coded by the trend. A histogram above zero with green/lime indicates bullish momentum, while below zero with red/maroon indicates bearish momentum.
Image above: Both RSI and Trend are set to daily, uses RSI bar color
Read RSI Bias:
The RSI bias line helps identify the current market state relative to overbought or oversold levels. The RSI value is plotted on the chart, with lines at 60 and 40 to mark these levels.
When the RSI crosses above 60, it suggests a bearish bias; crossing below 40 suggests a bullish bias.
Use Reversal Markers: The indicator places small circles on the chart at points where the short-term EMA crosses the long-term EMA, signaling potential trend reversals.
Bar Color Customization:
You can choose to color the bars based on either the trend or the RSI bias in the indicator settings. In the Images below I have changed the colors to fit my personal style , Blue for uptrend and Pink for downtrend:
Trend-Based: Bars will reflect the trend direction (green for uptrend or in this case blue, red for downtrend or in this case pink).
RSI-Based: Bars will reflect RSI conditions (yellow for overbought, maroon for oversold).
Image above: RSI is set to 4hr and Trend is set to daily, uses RSI bar color
Image above: RSI is set to 4hr and Trend is set to daily, uses Trend bar color
Image above: Both RSI and Trend are set to daily, uses RSI bar color
Image above: Both RSI and Trend are set to daily, uses Trend bar color
Image above: Both RSI and Trend are set to daily, without bar color
Image above: Both RSI and Trend are set to daily, how it looks on a clean chart
Example Use Case Swing Traders:
For instance, if you're trading a 4-hour chart of USDCHF:
Set the trend timeframe to Daily and the RSI timeframe to 4-Hour.
Watch for background color shifts and reversal markers to determine trend direction.
Use RSI bias to time your entries and exits, especially around overbought/oversold levels.
Enable bar coloring to quickly see when conditions favor either trend continuation or reversal.
This indicator is particularly effective for swing traders and those who want to align their trades with higher timeframe trends while using momentum and RSI for entry and exit signals.
For Day Traders
Timeframe Selection:
Trend Timeframe: Set to a higher intraday timeframe such as the 1 or 2 Hour chart.
RSI Timeframe: Set to a shorter timeframe like 15-10 Minutes or 5-Minutes to capture finer details of intraday momentum shifts.
Using the Indicator:
Trend Identification: Day traders can use the background color to quickly identify whether the market is in a bullish or bearish trend on the 1-Hour chart. A green background suggests looking for long opportunities, while a red background suggests short opportunities.
Momentum Analysis: The histogram can help day traders gauge the strength of the current trend. For example, if the histogram is green and above zero, the trader may consider buying pullbacks within the trend.
RSI Bias: Monitor RSI levels on the lower timeframe (e.g., 15-Minutes). If the RSI crosses below 40, it indicates an oversold condition, potentially signaling a buying opportunity, especially if it aligns with a bullish trend on the higher timeframe.
Trade Execution:
Look for entries when the RSI shows a reversal or pullback in the direction of the higher timeframe trend.
Use the trend reversal markers to confirm potential intraday reversals, adding extra confidence to trade setups.
For Scalpers
Timeframe Selection:
Trend Timeframe: Set to a short intraday timeframe like 15-Minutes or 5-Minutes.
RSI Timeframe: Use an even shorter timeframe, such as 1-Minute, to capture rapid price movements.
Final Notes:
The "Trend and RSI Bias Fusion" indicator is a powerful tool that combines trend analysis, momentum assessment, and RSI insights into one cohesive package. By integrating these different aspects, the indicator helps traders navigate complex market environments with greater clarity and confidence. Customize the settings to fit your specific trading style and market and use it to stay ahead of market trends and potential reversals.
My Scripts/Indicators/Ideas /Systems that I share are only for educational purposes!
Candle Wick Shadows [UkutaLabs]█ OVERVIEW
The Candle Wick Shadows Indicator identifies untested wicks in real time that occur when there is an imbalance in the number of buyers and sellers at a price-level. This imbalance occurs when a market exchange receives too many of one kind of order, and not enough of its counterpoint.
Candle Wick Shadows is a powerful trading indicator that will automatically identify and label strong ranges on traders’ charts that can be incorporated into a wide variety of different trading strategies.
█ USAGE
The script automatically identifies and measures real-time ranges of imbalance between buying and selling pressure in the market using real-time price-action information. These levels indicate potential Supply and Demand zones which serve to help the trader identify areas where price has changed direction in the past due to an imbalance of buyers and sellers.
The script also allows users to mirror higher time frame Candle Wick Shadows onto lower time frame charts to gain a stronger understanding of key levels on another scale.
█ SETTINGS
Configuration
- Show Labels: Determines whether or not identification labels are drawn on the chart.
- Max CWS Display: Determines the number of Candle Wick Shadows that will be drawn on the chart. This is for each higher timeframe option that is toggled, not the total.
Current Time Frame
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the current time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the current time frame.
- Bearish Color: Determines the color of bearish wick shadows from the current time frame.
5 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 5 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 5 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 5 minute time frame.
15 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 15 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 15 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 15 minute time frame.
30 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 30 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 30 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 30 minute time frame.
60 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 60 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 60 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 60 minute time frame.
240 Minute (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the 240 minute time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the 240 minute time frame.
- Bearish Color: Determines the color of bearish wick shadows from the 240 minute time frame.
Daily (Higher Timeframe)
-Wick Shadow (On/Off): Determines whether or not wick shadows are drawn from the daily time frame chart.
- Bullish Color: Determines the color of bullish wick shadows from the daily time frame.
- Bearish Color: Determines the color of bearish wick shadows from the daily time frame.
Candle Wick Retest [UkutaLabs]█ OVERVIEW
The Candle Wick Retest Indicator identifies untested wicks in real time that occur when there is an imbalance in the number of buyers and sellers at a price-level. This imbalance occurs when a market exchange receives too many of one kind of order, and not enough of its counterpoint.
Candle Wick Retest is a powerful trading indicator that will automatically identify and label strong ranges on traders’ charts that can be incorporated into a wide variety of different trading strategies.
█ USAGE
The script automatically identifies and measures real-time ranges of imbalance between buying and selling pressure in the market using real-time price-action information. These levels indicate potential Supply and Demand zones which serve to help the trader identify areas where price has changed direction in the past due to an imbalance of buyers and sellers.
The script also allows users to mirror higher time frame Candle Wick Retests onto lower time frame charts to gain a stronger understanding of key levels on another scale.
█ SETTINGS
Configuration
- Show Labels: Determines whether or not identification labels are drawn on the chart.
- Max CW Display: Determines the number of Candle Wick Retests that will be drawn on the chart. This is for each higher timeframe option that is toggled, not the total.
Current Time Frame
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the current time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the current time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the current time frame.
5 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 5 minute chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 5 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 5 minute time frame.
15 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 15 minute time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 15 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 15 minute time frame.
30 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 30 minute time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 30 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 30 minute time frame.
60 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 60 minute time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 60 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 60 minute time frame.
240 Minute (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the 240 minute time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the 240 minute time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the 240 minute time frame.
Daily (Higher Timeframe)
- Wick Retest (On/Off): Determines whether wick retests will be drawn from the daily time frame chart.
- Wick Retest Bullish Color: Determines the color of bullish wick retests from the daily time frame.
- Wick Retest Bearish Color: Determines the color of bearish wick retests from the daily time frame.
Power Trends [UkutaLabs]█ OVERVIEW
The Power Trends Indicator is a versatile trading toolkit that offers unique insight into key price levels in the market. This script uses currently relevant price-action information to automatically detect pivot levels and use them to create powerful trendlines.
The aim of this script is to improve the trading experience of users by offering a versatile toolkit that can be used in a wide variety of trading strategies to help simplify the complexities of the market.
█ USAGE
The Power Trends Indicator will automatically identify pivot points in real-time using recent price-action information to ensure that all points being identified are relevant. Using these pivot points, the script then draws powerful trend lines that can be used as levels of resistance and support.
To ensure that only the most relevant information is being presented, only the most recent trend lines will be displayed on the user’s charts. As new trend lines are being drawn, older trend lines will become thinner so that traders can identify the most relevant lines at a glance.
The price of the most recent high and low pivot points will also be displayed on the chart and can be used as further levels of resistance and support.
When a recent pivot level is broken, it will be identified as a Break of Structure. This signifies that there may have been a change in market strength.
The Power Trends Indicator also supports multiple time frame mapping, allowing you to mirror the trend lines that would be drawn on higher time frame charts onto lower time frame charts. This feature allows traders to be aware of the market structure of multiple charts at a glance from a single chart.
When mirroring some higher time frame trend lines, lines may appear to not align properly with current time frame bars. This is done intentionally to ensure lines are being drawn accurately to their position on the higher time frame charts.
█ SETTINGS
Current Time Frame
• Display (On/Off): Determines whether or not trend lines are drawn from the current time frame.
• High Color: Determines the color of trend lines drawn on high pivots.
• Low Color: Determines the color of trend lines drawn on low pivots.
5 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 5 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 5 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 5 minute higher time frame.
15 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 15 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 15 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 15 minute higher time frame.
30 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 30 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 30 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 30 minute higher time frame.
60 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 60 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 60 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 60 minute higher time frame.
240 Minute (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the 240 minute higher time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the 240 minute higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the 240 minute higher time frame.
Daily (Higher Time Frame)
• Display (On/Off): Determines whether or not trend lines are drawn from the daily time frame.
• High Color: Determines the color of trend lines drawn on high pivots from the daily higher time frame.
• Low Color: Determines the color of trend lines drawn on low pivots from the daily higher time frame.
Fair Value Gap [UkutaLabs]█ OVERVIEW
Fair Value Gaps are price jumps caused by the imbalance buying and selling pressures in trading and are most commonly used amongst price action traders. Fair Value Gaps are formed via a three-candle sequence in which a large candle’s neighbouring candles’ upper and lower wicks do not fully overlap the large candle.
The Fair Value Gaps Indicator also supports Multi Time Frame Plotting, allowing you to plot the Fair Value Gaps from higher time frames onto lower time frame charts.
The Fair Value Gaps Indicator is a powerful trading toolkit that provides users with more information than they would typically have available to them by allowing them to configure several charts worth of information onto one single chart.
█ USAGE
The script automatically identifies imbalances between buying and selling pressure in the market in real time, offering traders valuable insight into current market sentiment. These gaps are considered to be levels where the supply and demand of a commodity are imbalanced, and the price tends to return to fill these gaps (But are not guaranteed to).
The Fair Value Gaps Indicator also allows gaps from higher time frames to be drawn on lower time frame charts, providing traders with more information than they would typically have access to to further simplify the decision making process.
█ SETTINGS
Configuration
• Show Labels: Determines whether labels that identify which time frame a FVG is calculated from.
• Max FVG Display: Determines the limit to the number of FVGs that can be drawn from all time frames. Set this value to 0 to remove this limit.
Current Time Frame
• Display: Determines whether or not FVGs from the current time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the current time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the current time frame.
5 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 5 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 5 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 5 minute time frame.
15 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 15 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 15 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 15 minute time frame.
30 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 30 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 30 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 30 minute time frame.
60 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 60 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 60 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 60 minute time frame.
240 Minute (Higher Time Frame)
• Display: Determines whether or not FVGs from the 240 minute time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the 240 minute time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the 240 minute time frame.
Daily (Higher Time Frame)
• Display: Determines whether or not FVGs from the daily time frame will be drawn on the chart.
• Bullish Color: Determines the color of Bullish FVGs calculated from the daily time frame.
• Bearish Color: Determines the color of Bearish FVGs calculated from the daily time frame.
Breadth Indicators NYSE Percent Above Moving AverageBreadth Indicators NYSE - transmits the processed data from the Barchart provider
NYSE - Breadth Indicators
S&P 500 - Breadth Indicators
DOW - Breadth Indicators
RUSSEL 1000 - Breadth Indicators
RUSSEL 2000 - Breadth Indicators
RUSSEL 3000 - Breadth Indicators
Moving Average - 5, 20, 50, 100, 150, 200
The "Percentage above 50-day SMA" indicator measures the percentage of stocks in the index trading above their 50-day moving average. It is a useful tool for assessing the general state of the market and identifying overbought and oversold conditions.
One way to use the "Percentage above 50-day SMA" indicator in a trading strategy is to combine it with a long-term moving average to determine whether the trend is bullish or bearish. Another way to use it is to combine it with a short-term moving average to identify pullbacks and rebounds within the overall trend.
The purpose of using the "Percentage above 50-day SMA" indicator is to participate in a larger trend with a better risk-reward ratio. By using this indicator to identify pullbacks and bounces, you can reduce the risk of entering trades at the wrong time.
Bull Signal Recap:
150-day EMA of $SPXA50R crosses above 52.5 and remains above 47.50 to set the bullish tone.
5-day EMA of $SPXA50R moves below 40 to signal a pullback
5-day EMA of $SPXA50R moves above 50 to signal an upturn
Bear Signal Recap:
150-day EMA of $SPXA50R crosses below 47.50 and remains below 52.50 to set the bearish tone.
5-day EMA of $SPXA50R moves above 60 to signal a bounce
5-day EMA of $SPXA50R moves below 50 to signal a downturn
Tweaking
There are numerous ways to tweak a trading system, but chartists should avoid over-optimizing the indicator settings. In other words, don't attempt to find the perfect moving average period or crossover level. Perfection is unattainable when developing a system or trading the markets. It is important to keep the system logical and focus tweaks on other aspects, such as the actual price chart of the underlying security.
What do levels above and below 50% signify in the long-term moving average?
A move above 52.5% is deemed bullish, and below 47.5% is deemed bearish. These levels help to reduce whipsaws by using buffers for bullish and bearish thresholds.
How does the short-term moving average work to identify pullbacks or bounces?
When using a 5-day EMA, a move below 40 signals a pullback, and a move above 60 signals a bounce.
How is the reversal of pullback or bounce identified?
A move back above 50 after a pullback or below 50 after a bounce signals that the respective trend may be resuming.
How can you ensure that the uptrend has resumed?
It’s important to wait for the surge above 50 to ensure the uptrend has resumed, signaling improved breadth.
Can the system be tweaked to optimize indicator settings?
While there are various ways to tweak the system, seeking perfection through over-optimizing settings is advised against. It's crucial to keep the system logical and focus tweaks on the price chart of the underlying security.
RUSSIAN \ Русская версия.
Индикатор "Процент выше 50-дневной скользящей средней" измеряет процент акций, торгующихся в индексе выше их 50-дневной скользящей средней. Это полезный инструмент для оценки общего состояния рынка и выявления условий перекупленности и перепроданности.
Один из способов использования индикатора "Процент выше 50-дневной скользящей средней" в торговой стратегии - это объединить его с долгосрочной скользящей средней, чтобы определить, является ли тренд бычьим или медвежьим. Другой способ использовать его - объединить с краткосрочной скользящей средней, чтобы выявить откаты и отскоки в рамках общего тренда.
Цель использования индикатора "Процент выше 50-дневной скользящей средней" - участвовать в более широком тренде с лучшим соотношением риска и прибыли. Используя этот индикатор для выявления откатов и отскоков, вы можете снизить риск входа в сделки в неподходящее время.
Краткое описание бычьего сигнала:
150-дневная ЕМА на уровне $SPXA50R пересекает отметку 52,5 и остается выше 47,50, что задает бычий настрой.
5-дневная ЕМА на уровне $SPXA50R опускается ниже 40, сигнализируя об откате
5-дневная ЕМА на уровне $SPXA50R поднимается выше 50, сигнализируя о росте
Обзор медвежьих сигналов:
150-дневная ЕМА на уровне $SPXA50R пересекает уровень ниже 47,50 и остается ниже 52,50, что указывает на медвежий настрой.
5-дневная ЕМА на уровне $SPXA50R поднимается выше 60, сигнализируя о отскоке
5-дневная ЕМА на уровне $SPXA50 опускается ниже 50, что сигнализирует о спаде
Корректировка
Существует множество способов настроить торговую систему, но графологам следует избегать чрезмерной оптимизации настроек индикатора. Другими словами, не пытайтесь найти идеальный период скользящей средней или уровень пересечения. Совершенство недостижимо при разработке системы или торговле на рынках. Важно поддерживать логику системы и уделять особое внимание другим аспектам, таким как график фактической цены базовой ценной бумаги.
Что означают уровни выше и ниже 50% в долгосрочной скользящей средней?
Движение выше 52,5% считается бычьим, а ниже 47,5% - медвежьим. Эти уровни помогают снизить риски, используя буферы для бычьих и медвежьих порогов.
Как краткосрочная скользящая средняя помогает идентифицировать откаты или отскоки?
При использовании 5-дневной ЕМА движение ниже 40 указывает на откат, а движение выше 60 указывает на отскок.
Как определяется разворот отката или отскока?
Движение выше 50 после отката или ниже 50 после отскока сигнализирует о возможном возобновлении соответствующего тренда.
Как вы можете гарантировать, что восходящий тренд возобновился?
Важно дождаться скачка выше 50, чтобы убедиться в возобновлении восходящего тренда, сигнализирующего о расширении диапазона.
Можно ли настроить систему для оптимизации настроек индикатора?
Хотя существуют различные способы настройки системы, не рекомендуется стремиться к совершенству с помощью чрезмерной оптимизации настроек. Крайне важно сохранить логичность системы и сфокусировать изменения на ценовом графике базовой ценной бумаги.
RSI Multiple TimeFrame, Version 1.0RSI Multiple TimeFrame, Version 1.0
Overview
The RSI Multiple TimeFrame script is designed to enhance trading decisions by providing a comprehensive view of the Relative Strength Index (RSI) across multiple timeframes. This tool helps traders identify overbought and oversold conditions more accurately by analyzing RSI values on different intervals simultaneously. This is particularly useful for traders who employ multi-timeframe analysis to confirm signals and make more informed trading decisions.
Unique Feature of the new script (described in detail below)
Multi-Timeframe RSI Analysis
Customizable Timeframes
Visual Signal Indicators (dots)
Overbought and Oversold Layers with gradual Background Fill
Enhanced Trend Confirmation
Originality and Usefulness
This script combines the RSI indicator across three distinct timeframes into a single view, providing traders with a multi-dimensional perspective of market momentum. It also provides associated signals to better time dips and peaks. Unlike standard RSI indicators that focus on a single timeframe, this script allows users to observe RSI trends across short, medium, and long-term intervals, thereby improving the accuracy of entry and exit signals. This is particularly valuable for traders looking to align their short-term strategies with longer-term market trends.
Signal Description
The script also includes a unique signal feature that plots green and red dots on the chart to highlight potential buy and sell opportunities:
Green Dots : These appear when all three RSI values are under specific thresholds (RSI of the shortest timeframe < 30, the medium timeframe < 40, and the longest timeframe < 50) and the RSI of the shortest timeframe is showing an upward trend (current value is greater than the previous value, and the value two periods ago is greater than the previous value). This indicates a potential buying opportunity as the market may be shifting from an oversold condition.
Red Dots : These appear when all three RSI values are above specific thresholds (RSI of the shortest timeframe > 70, the medium timeframe > 60, and the longest timeframe > 50) and the RSI of the shortest timeframe is showing a downward trend (current value is less than the previous value, and the value two periods ago is less than the previous value). This indicates a potential selling opportunity as the market may be shifting from an overbought condition.
These signals help traders identify high-probability turning points in the market by ensuring that momentum is aligned across multiple timeframes.
Detailed Description
Input Variables
RSI Period (`len`) : The number of periods to calculate the RSI. Default is 14.
RSI Source (`src`) : The price source for RSI calculation, defaulting to the average of the high and low prices (`hl2`).
Timeframes (`tf1`, `tf2`, `tf3`) : The different timeframes for which the RSI is calculated, defaulting to 5 minutes, 1 hour, and 8 hours respectively.
Functionality
RSI Calculations : The script calculates the RSI for each of the three specified timeframes using the `request.security` function. This allows the RSI to be plotted for multiple intervals, providing a layered view of market momentum.
```pine
rsi_tf1 = request.security(syminfo.tickerid, tf1, ta.rsi(src, len))
rsi_tf2 = request.security(syminfo.tickerid, tf2, ta.rsi(src, len))
rsi_tf3 = request.security(syminfo.tickerid, tf3, ta.rsi(src, len))
```
Plotting : The RSI values for the three timeframes are plotted with different colors and line widths for clear visual distinction. This makes it easy to compare RSI values across different intervals.
```pine
p1 = plot(rsi_tf1, title="RSI 5m", color=color.rgb(200, 200, 255), linewidth=2)
p2 = plot(rsi_tf2, title="RSI 1h", color=color.rgb(125, 125, 255), linewidth=2)
p3 = plot(rsi_tf3, title="RSI 8h", color=color.rgb(0, 0, 255), linewidth=2)
```
Overbought and Oversold Levels : Horizontal lines are plotted at standard RSI levels (20, 30, 40, 50, 60, 70, 80) to visually identify overbought and oversold conditions. The areas between these levels are filled with varying shades of blue for better visualization.
```pine
h80 = hline(80, title="RSI threshold 80", color=color.gray, linestyle=hline.style_dotted, linewidth=1)
h70 = hline(70, title="RSI threshold 70", color=color.gray, linestyle=hline.style_dotted, linewidth=1)
...
fill(h70, h80, color=color.rgb(33, 150, 243, 95), title="Background")
```
Signal Plotting : The script adds green and red dots to indicate potential buy and sell signals, respectively. A green dot is plotted when all RSI values are under specific thresholds and the RSI of the shortest timeframe is rising. Conversely, a red dot is plotted when all RSI values are above specific thresholds and the RSI of the shortest timeframe is falling.
```pine
plotshape(series=(rsi_tf1 < 30 and rsi_tf2 < 40 and rsi_tf3 < 50 and (rsi_tf1 > rsi_tf1 ) and (rsi_tf1 > rsi_tf1 )) ? 1 : na, location=location.bottom, color=color.green, style=shape.circle, size=size.tiny)
plotshape(series=(rsi_tf1 > 70 and rsi_tf2 > 60 and rsi_tf3 > 50 and (rsi_tf1 < rsi_tf1 ) and (rsi_tf1 < rsi_tf1 )) ? 1 : na, location=location.top, color=color.red, style=shape.circle, size=size.tiny)
```
How to Use
Configuring Inputs : Adjust the RSI period and source as needed. Modify the timeframes to suit your trading strategy.
Interpreting the Indicator : Use the plotted RSI values to gauge momentum across different timeframes. Look for overbought conditions (RSI above 70, 60 and 50) and oversold conditions (RSI below 30, 40 and 50) across multiple intervals to confirm trade signals.
Signal Confirmation : Pay attention to the green and red dots that provide signals to better time dips and peaks. dots are printed when the lower timeframe (5mn by default) shows sign of reversal.
These signals are more reliable when confirmed across all three timeframes.
This script provides a nuanced view of RSI, helping traders make more informed decisions by considering multiple timeframes simultaneously. By combining short, medium, and long-term RSI values, traders can better align their strategies with overarching market trends, thus improving the precision of their trading actions.
ICT IPDAGuided by ICT tutoring, I create this versatile indicator "IPDA".
This indicator shows a different way of viewing the “IPDA” by calculating from START
(-20 / -40 / -60) to (+20 /+40 /+60) Days, showing the Highs and Lows of the IPDA of the Previous days and both of the subsequent ones, the levels of (-20 / -40 / -60) Days can be taken into consideration as objectives to be achieved in the range of days (+20 /+40 /+60)
The user has the possibility to:
- Choose whether to display IPDAs before and after START
- Choose to show High and Low levels
- Choose to show Prices
The indicator should be used as ICT shows in its concepts.
Example on how to evaluate a possible Start IPDA:
Example for Entry targeting IPDAs :
If something is not clear, comment below and I will reply as soon as possible.
Swing Action PriceEnglish:
**Description of "Swing Action Price" TradingView Script**
"Swing Action Price" is a custom technical indicator designed to identify swing highs and swing lows in a financial market. The script calculates and plots various lines on the chart to visualize these swing points. Swing highs are points where the price has made a local peak, while swing lows are points where the price has made a local trough.
The indicator displays the following lines on the chart:
1. Dotted lines representing each individual swing high and swing low identified on different timeframes (10, 30, 60, 100, 150, 200, 700, and 1000 bars).
2. Dotted lines representing the most recent swing high and swing low for the current bar.
How the indicator works:
1. The script uses historical price data to calculate swing highs and swing lows based on specific conditions.
2. For each of the mentioned timeframes, the indicator identifies the highest high and lowest low within a defined number of bars (10, 30, 60, etc.).
3. Once a new swing high or swing low is identified, the corresponding dotted lines are drawn on the chart, extending from the previous swing point to the current one.
The "Swing Action Price" indicator can be used by traders to visually identify key support and resistance levels in the market. It helps them recognize potential trend reversals or continuation points, which may be valuable for making trading decisions.
Please note that trading indicators should always be used in conjunction with other technical and fundamental analysis tools to make informed trading choices. The "Swing Action Price" indicator is offered under the Mozilla Public License 2.0, and the developer's username is "damianjorgeportillo."
Remember that past performance is not indicative of future results, and it's essential to exercise caution and apply risk management strategies when trading financial markets.
/******************************/
Spanish:
**Descripción del Script "Swing Action Price" en TradingView**
"Swing Action Price" es un indicador técnico personalizado diseñado para identificar máximos y mínimos en un mercado financiero. El script calcula y muestra diversas líneas en el gráfico para visualizar estos puntos de inflexión. Los máximos se producen cuando el precio alcanza un pico local, mientras que los mínimos ocurren cuando el precio alcanza un valle local.
El indicador muestra las siguientes líneas en el gráfico:
1. Líneas punteadas que representan cada máximo y mínimo individual identificado en diferentes marcos de tiempo (10, 30, 60, 100, 150, 200, 700 y 1000 barras).
2. Líneas punteadas que representan el máximo y mínimo más reciente para la barra actual.
Cómo funciona el indicador:
1. El script utiliza datos históricos de precios para calcular los máximos y mínimos en función de ciertas condiciones.
2. Para cada uno de los marcos de tiempo mencionados, el indicador identifica el máximo más alto y el mínimo más bajo dentro de un número específico de barras (10, 30, 60, etc.).
3. Una vez que se identifica un nuevo máximo o mínimo, se dibujan las líneas punteadas correspondientes en el gráfico, extendiéndose desde el punto de inflexión anterior hasta el actual.
El indicador "Swing Action Price" puede ser utilizado por traders para identificar visualmente niveles clave de soporte y resistencia en el mercado. Ayuda a reconocer posibles puntos de inversión o continuación de tendencia, lo que puede ser valioso para tomar decisiones comerciales.
Por favor, ten en cuenta que los indicadores de trading siempre deben utilizarse junto con otras herramientas de análisis técnico y fundamental para tomar decisiones comerciales informadas. El indicador "Swing Action Price" se ofrece bajo la Licencia Pública de Mozilla 2.0, y el nombre de usuario del desarrollador es "damianjorgeportillo".
Recuerda que el rendimiento pasado no garantiza resultados futuros, y es esencial ser cauteloso y aplicar estrategias de gestión de riesgos al operar en los mercados financieros.
Crypto Trend IndicatorThe Crypto Trend Indicator is a trend-following indicator specifically designed to identify bullish and bearish trends in the price of Bitcoin, and other cryptocurrencies. This indicator doesn't provide explicit instructions on when to buy or sell, but rather offers an understanding of whether the trend is bullish or bearish. It's important to note that this indicator is only useful for trend trading.
The band is a visual representation of the 30-day and 60-day Exponential Moving Average (EMA). When the 30-day EMA is above the 60-day EMA, the trend is bullish and the band is green. When the 30-day EMA is below the 60-day EMA, the trend is bearish and the band is red. When the 30-day EMA starts to converge with the 60-day EMA, the trend is neutral and the band is grey.
The line is a visual representation of the 20-week Simple Moving Average (SMA) in the daily timeframe. "Bull" and "Bear" signals are generated when the 20-day EMA is either above or below the 20-week SMA, in conjunction with a bullish or bearish trend. When the band is green and the 20-day EMA is above the 20-week SMA, a “Bull” signal emerges. When the band is red and the 20-day EMA is below the 20-week SMA, a “Bear” signal emerges. The 20-week SMA can potentially also function as a leading indicator, as substantial price deviations from the SMA typically indicate an overextended market.
While this indicator has traditionally identified bullish and bearish trends in various cryptocurrency assets, past performance does not guarantee future results. Therefore, it is advisable to supplement this indicator with other technical tools. For instance, range-bound indicators can greatly improve the decision-making process when planning for entries and exits points.
Biddles OI Weighted Average PriceAhoy!
This script calculates Open Interested Weighted Average Price for the following lookback periods:
- 7, 30, 60
e.g. On the 1D chart, you will see OIWAP for the past 7, 30, and 60 days. It works on any timeframe though.
It works with any ticker that TV's OI indicator supports, and has ticker override if you are looking at an exchange that's unsupported, but for an asset that is.
e.g. If you're looking at Bybit's BTCUSDT.P which is unsupported- you can override to get OI data from Binance's BTCUSDT.P which is supported.
=====
Open-Sourced + Crowd Sourcing Goals
=====
I am open sourcing this in hopes we can work together to find interesting signal/observation, and make the script better.
The only way I could think of to calculate the OIWAP for the lookback periods was to manually factor in each period in the formula.
e.g. For the 60-period lookback, it's manually taking price and OI for each individual period.
I am also hoping other folks will make interesting observations.
With the few hours I've spent thus far, they seem to operate much like MA bands, with crossovers having similar implications.
But I feel like there are many other observations left unnoticed!
If you find any, hmu on twitter: @thalamu_
=====
Interesting Calculations in the Script, but not Plotted on the Chart
=====
There are calculations for up to 60 days of OIWAP taking change in OI rather than just OI.
There's one set for absolute value of change in OI, and one set for raw change in OI.
I didn't notice anything spectacularly interesting - but perhaps you will if you tinker with it!
=====
Find something cool? Have an improvement?
=====
Hmu on twitter: @thalamu_
RSI Candle Advanced V2RSI Advanced
As the period value is longer than 14, the RSI value sticks to the value of 50 and becomes useless.
Also, when the period value is less than 14, it moves excessively, so it is difficult for us to see the movement of the RSI .
So, using the period value and the RSI value as variables, I tried to make it easier to identify the RSI value through a new function expression.
This is how RSI Advanced was developed.
Period below 14 reduce the volatility of RSI , and period above 14 increase the volatility of RSI, allowing overbought and oversold zones to work properly and give you a better view of the trend.
By applying the custom algorithm so that the 'RSI Advanced' with period on a 5-minute timeframe has the same value as the 'original RSI' with period on a 60-minute timeframe.
As another example, an 'RSI Advanced' with a period in a 60-minute time frame has the same value as an 'original RSI' with a period in a 240-minute time frame.
Compare the difference in the RSI with a period value of 200 in the snapshot.
------------------------------------------------------------------------------------------
RSI Candlestick
RSI derives its value using only the closing price as a variable.
I solved the RSI equation in reverse and tried to include the high and low prices of candlesticks in the equation.
As a result, 'if the high or low was the closing price, the value of RSI would be like this' was implemented.
Just like when a candle comes down after setting a high price, an upper tail is formed when RSI Candle goes down after setting a high price!!
In divergence, we had to look only at the relationship between closing prices, but if we use RSI candles, we can find divergences in highs and highs, and lows and lows.
Existing indicators could not express "gap", but Version 2 made it possible to express "gap"!!!!!!
RSI can be displayed as candlesticks, bars and lines
Then enjoy my RSI!
----------------------------------------------------------------------------------------
RSI Advanced
기간값이 14보다 길어질수록 RSI값은 50값에 달라붙게 되어서 쓸모가 없어집니다.
또 기간값이 14보다 줄어들수록 과도하게 움직여서 우리는 RSI의 움직임을 보기가 힘듭니다.
그래서 기간 값과 RSI 값을 변수로 사용하여 새로운 함수 식을 통해 RSI 값을 식별하기 편하도록 해보았습니다.
이렇게 RSI Advanced가 개발되었습니다.
기간값이 14보다 낮으면 rsi의 변동폭이 줄어들고, 기간값이 14보다 크면 변동폭이 넓어져 과매수 및 과매도 영역이 제대로 작동하여 추세를 더 잘 볼 수 있습니다.
또한 저는 5분 타임프레임의 기간값이 168(=14*12)인 RSI가 주기 값이 14인 60분 타임프레임의 RSI와 동일한 값을 갖도록 적절한 함수 표현식을 적용하여 RSI를 변경했습니다.
다른 예로, 15분 시간 프레임에서 기간값이 56(=14*4)인 RSI는 60분 시간 프레임의 기간값이 14인 RSI와 동일한 값을 갖습니다.
기간값이 200인 RSI의 차이를 스냅샷에서 비교해보십시오.
-----------------------------
RSI Candlestick
RSI는 종가만을 변수로 사용하여 값을 도출해냅니다.
저는 RSI 식을 역으로 풀어내어서 캔들스틱의 고가와 저가, 시가를 식에 포함시켜보았습니다.
결과적으로, '만약 고가나 저가가 종가였다면 RSI의 값이 이럴것이다'를 구현해내었습니다.
캔들이 고가를 찍고 내려오면 윗꼬리가 생기듯 RSI Candle에서도 고가를 찍고 내려오면 윗꼬리가 생기는겁니다!!
다이버전스 또한 원래는 종가끼리의 관계만 봐야했지만 RSI 캔들을 이용한다면 고가와 고가, 저가와 저가에서도 다이버전스를 발견할 수 있습니다.
기존의 지표는 "갭"을 표현하지 못했지만 Version 2 에서는 "갭"을 표현할 수 있게 만들었습니다!!!!!!
그럼 잘 사용해주십시오!!!
PIVOT STRATEGY [INDIAN MARKET TIMING]
A Back-tested Profitable Strategy for Free!!
A PIVOT INTRADAY STRATEGY for 5 minute Time-Frame , that also explains the time condition for Indian Markets
The Timing can be changed to fit other markets, scroll down to "TIME CONDITION" to know more.
The commission is also included in the strategy .
The basic idea is when ,
1) Price crosses above ema1 ,indicated by pivot highest line in green color .
2) Price crosses below ema1 ,indicated by pivot lowest line in red color .
3) Candle high crosses above pivot highest , is the Long condition .
4) Candle low crosses below pivot lowest , is the Short condition .
5) Maximum Risk per trade for the intraday trade can be changed .
6) Default_qty_size is set to 60 contracts , which can be changed under settings → properties → order size .
7) ATR is used for trailing after entry, as mentioned in the inputs below.
// ═════════════════════════//
// ————————> INPUTS <————————— //
// ═════════════════════════//
Leftbars —————> Length of pivot highs and lows
Rightbars —————> Length of pivot highs and lows
Price Cross Ema —————> Added condition
ATR LONG —————> ATR stoploss trail for Long positions
ATR SHORT —————> ATR stoploss trail for Short positions
RISK —————> Maximum Risk per trade for the day
The strategy was back-tested on RELIANCE ,the input values and the results are mentioned under "BACKTEST RESULTS" below .
// ═════════════════════════ //
// ————————> PROPERTIES<——————— //
// ═════════════════════════ //
Default_qty_size ————> 60 contracts , which can be changed under settings
↓
properties
↓
order size
// ═══════════════════════════════//
// ————————> TIME CONDITION <————————— //
// ═══════════════════════════════//
The time can be changed in the script , Add it → click on ' { } ' → Pine editor→ making it a copy [right top corner} → Edit the line 25 .
The Indian Markets open at 9:15am and closes at 3:30pm .
The 'time_cond' specifies the time at which Entries should happen .
"Close All" function closes all the trades at 3pm, at the open of the next candle.
To change the time to close all trades , Go to Pine Editor → Edit the line 103 .
All open trades get closed at 3pm , because some brokers don't allow you to place fresh intraday orders after 3pm .
NSE:RELIANCE
// ═══════════════════════════════════════════════ //
// ————————> BACKTEST RESULTS ( 128 CLOSED TRADES )<————————— //
// ═══════════════════════════════════════════════ //
INPUTS can be changed for better back-test results.
The strategy applied to NIFTY ( 5 min Time-Frame and contract size 60 ) gives us 60% profitability y , as shown below
It was tested for a period a 6 months with a Profit Factor of 1.45 ,net Profit of 21,500Rs profit .
Sharpe Ratio : 0.311
Sortino Ratio : 0.727
The graph has a Linear Curve with consistent profits .
The INPUTS are as follows,
1) Leftbars ————————> 3
2) Rightbars ————————> 5
3) Price Cross Ema ——————> 150
4) ATR LONG ————————> 2.7
5) ATR SHORT ———————> 2.9
6) RISK —————————> 2500
7) Default qty size ——————> 60
NSE:RELIANCE
Save it to favorites.
Apply it to your charts Now !!
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RSI Trend Heatmap in Multi TimeframesRSI Trend Heatmap in Multi Timeframes
Description
Sometimes you want to look at the RSI Trend across multiple time frames.
You have to waste time browsing through them.
So we've put together every time frame you want to see in one indicator.
We have 10 layers of RSI Trend heatmap available for you.
You can set the timeframe as you want on the Settings page.
Description of Parameter RSI Setting ** You can change it by setting.
RSI Trend Length : (Default 50)
Source : (Default close)
RSI Sideways Length : (Default 2 = RSI between 48 .. 52)
Description of Parameter RSI Timeframe ** You can change it by setting.
""=None,
"M"=1Month, "2W"=2Weeks, "W"=1Week,
"3D"=3Days, "2D"=2Days, "D"=1Day,
"720"=12Hours, "480"=4Hours, "240"=4Hours, "180"=3Hours, "120"=2Hours,
"60"=60Minutes, "30"=30Minutes, "15"=15Minutes, "5"=5Minutes, "1"=1Minute
Default Configurate of RSI Timeframe (for a time frame of 1 hour to 1 day)
"W"= Timeframe 1 month shown in line 90-100 --> Represent Long Trend of RSI
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"D2"= Timeframe 2 days shown in line 70-80 --> Represent Trend of RSI
"D"= Timeframe 1 day shown in line 60-70 --> Represent Trend of RSI
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"240"= Timeframe 3 hours shown in line 40-50 --> Represent Signal Up/Signal Down/Divergence of RSI
"120"= Timeframe 2 hours shown in line 30-40 --> Represent Signal Up/Signal Down/Divergence of RSI
"60"= Timeframe 1 hour shown in line 20-30 --> Represent Signal Up/Signal Down/Divergence of RSI
"30"= Timeframe 30 minutes shown in line 10-20 --> Represent Signal Up/Signal Down/Divergence of RSI
"15"= Timeframe 15 minutes shown in line 00-10 --> Represent Signal Up/Signal Down/Divergence of RSI
Description of Colors
Dark Bule = Extreme Uptrend / Overbought / Bull Market (RSI > 67)
Light Bule = Uptrend (RSI between 50-52 .. 67)
Yellow = Sideways Trend / Trend Reversal (RSI between 48 .. 52) ** You can change it by setting.
Light Red = Downtrend (RSI between 33 .. 48-50)
Dark Red = Extreme Downtrend / Oversold / Bear Market (RSI < 33)
How to use
1. You must first know what the main trend of the RSI is (look at the 60-80 line). If it is red, it is a downtrend. and if it's blue shows that it is an uptrend
2. Throughout the period of the main trend There will always be a reversal of the sub-trend. (Can see from the 0-50 line), but eventually will return to follow the main trend.
3. Unless the sub trend persists for a long time until the main trend changes.
Runners & Laggers (scanner)Firstly, seems to me this may only work with crypto but I know nothing about the other sectors so i could be wrong. I was trying to think up a good way to find moving coins(other than by volume bc theres holes in the results when using it this way). Thought this was an interesting concept so decided to publish it as I've seen no others like it (though i did not extensively search for it. We need to start with a little Tradingview(TV) common knowledge. When there is no update of trades/volume in a candle TV does not print the candle. So when looking at (let's say) a 1 second chart, if the coin being observed by the user has no update from a trade in the time of that 1 sec candle it is skipped over. This means that a coin with a ton of volume might fill an entire 60 seconds with 60 candles and conversely with a low volume coin there could be as little as 0 1-second candles. BUT even for normally low volume coins, when a pump is beginning with the coin it could literally go from 0 1-second candles within a minute to 60 1-second candles within the next minute. ***NOTE: This DOES NOT show ANY information if the coin is going up or down but rather that a LOT more trading volume is occurring than normal.*** What this script does is scans (via request.security feature) up to 40 coins at a time and counts how many candles are printed within a user set timespan calculated in minute. 1 candle print per incremented timeframe that the chart is on. ie. if the chart is a 1 min chart it counts how many 1 min candles are printed. So, (as is in the captured image for the script) if you wanted to count how many 5 second candles are printed for each coin in 1 min then you would have to put the charts timeframe on 5sec and the setting titled 'Window of TIME(in minutes) to count bars' as 1.0 (which bc it's in minutes 1.0m = 60sec and bc 60s / 5s = 12 there would be 12 possible values that each coin can be at depending on how many bars are counted within that 1min/60sec. *** I will update to show an image of what I'm talking about here. Now, the exchange I'm scanning here is Kucoin's Margin Coins. There are 170 something coins total but I removed a few i didn't care for to make it a round 40 coins per set (there being 4 sets of 40 coins total=160 coins being scanned). To scan all 4 sets the indicator must be added 4 times to the chart and a different 'set' selected for each iteration of the script on the chart. Free users can only scan 3 at the most. All others can scan all 4 sets. In the script you can change the exchange and coins as necessary. If there done so and there are not 40 coins total just put '' '' in the extra coins spots that are not filled and the script will skip over these blankly filled spots. The suffix (traded pair) for the tickerID on all Kucoin's Margin Coin's is USDT so that's what i have inputted in the main function on line 46 (will need to be changed if that differs from the coins you want to scan. Next in the line of settings is 'Window of TIME(in minutes) to count bars' which has already been discussed. Following that is the setting "Table Shows" which the results are all in a table and the table will present the coins that have either "Passed" or "Failed" depending on which you choose. The next setting determines what passes or fails. If there are 12 possible rows for the coins to be in (as described above) then this setting is the "Pass/Fail Cutoff" level. So if you want to show all the coins that are in rows 11 and 12 (as in the image at top) then 11 should be selected here. At this point you will see all the coins that have a lot of volume in them. Finding coin names in the table that are usually not with a ton of volume will present your present movers. NOTE: coins like BTC and ETH will almost always be in these levels so it does not indicate anything different from the norm of these coins. Last setting is the ability to show the table on the main window or not. Hope you enjoy and find use in it. BTW this screener format is the same as the others I have published. If you like, check those out too. If you find difficulty using then refer to those as well as they have additional info in them on how to use the scanner and its format. Lastly, in the script is the ability to print the plots and labels but I commented them out bc its really just a jumbled mess. In the commented out sections there is a Random Color Function (provided by @hewhomustnotbenamed which was developed on the basis of Function-HSL-color by @RicardoSantos. All right, peace brothers....and sisters.
**** Also, I see how the "levels" could be confusing so I will put them into a % format soon (probably not today) so that the "Pass/Fail Cutoff" can be in % format so that if "passed" is chosen and 50% is chosen (in the new setting that will be changed) then it'll show you all the coins that have more than 50% of the bars printed within the time window chosen. Goodluck in all your trading adventures. ChasinAlts out.
P/L panelThis is not a indicator or strategy.
I thought of having a table showing running profit or loss on chart from a specific price.
I tried to put the same in code and ended up with this code.
This is a table showing the running profit or loss from a manually specified price and quantity.
when you add the code, This table asks us to input the entry price and quantity.
It will calculate the running profit or loss with respect to running price and puts that in the table.
We will have to input two things.
1.) entry price: the price at which a position(long/short) is taken.
2.) Quantity: A +value need to be entered for Long position and -value for short position.
code detects whether its a long position or short position based on the quantity info.
for example if a LONG position is taken at a price 60 of 100 quantity,
then in price we need to enter 60
and in quantity 100 (+ve value)
for SHORT position at a price of 60 of 100 quantity,
in price we need to enter 60
and in quantity -100 (-ve value)
once the table is added to the chart.
Just double click on the table, it will open the settings tab and we can provide new inputs price/quantity/position.
positioning of table is optional and all possible positioning options are provided.
Advise further improvements required if any in this code.
This piece of code can be used along with any indicator.
For which we may need to use valuewhen() additionally.
Try it yourself and ping me if required.
RSI Candle with Advanced RSI fomulaRSI Advanced
As the period value is longer than 14, the RSI value sticks to the value of 50 and becomes useless.
Also, when the period value is less than 14, it moves excessively, so it is difficult for us to see the movement of the RSI.
So, using the period value and the RSI value as variables, I tried to make it easier to identify the RSI value through a new function expression.
This is how RSI Advanced was developed.
Period values below 14 reduce the volatility of RSI, and period values greater than 14 allow wider fluctuations, allowing overbought and oversold zones to work properly and give you a better view of the trend.
I also changed the RSI by applying the appropriate function expression so that the RSI with a period value of 168 (=14*12) on a 5 minute timeframe has the same value as the RSI on a 60 minute timeframe with a period value of 14.
As another example, an RSI with a period value of 56 (=14*4) in a 15-minute time frame has the same value as an RSI with a period value of 14 in a 60-minute time frame.
Compare the difference in the RSI with a period value of 200 in the snapshot.
------------------------------------------------------------------------------------------
RSI Candlestick
RSI derives its value using only the closing price as a variable. I solved the RSI equation in reverse and tried to include the high and low prices of candlesticks in the equation.
As a result, 'if the high or low was the closing price, the value of RSI would be like this' was implemented. Just like when a candle comes down after setting a high price, an upper tail is formed when RSI Candle goes down after setting a high price!!
In divergence, we had to look only at the relationship between closing prices, but if we use RSI candles, we can find divergences in highs and highs, and lows and lows.
Then enjoy my RSI!
----------------------------------------------------------------------------------------
RSI Advanced
기간값이 14보다 길어질수록 RSI값은 50값에 달라붙게되어서 쓸모가 없어집니다.
또 기간값이 14보다 줄어들수록 과도하게 움직여서 우리는 RSI의 움직임을 보기가 힘듭니다.
그래서 기간 값과 RSI 값을 변수로 사용하여 새로운 함수 식을 통해 RSI 값을 식별하기 편하도록 해보았습니다.
이렇게 RSI Advanced가 개발되었습니다.
기간값이 14보다 낮으면 rsi의 변동폭이 줄어들고, 기간값이 14보다 크면 변동폭이 넓어져 과매수 및 과매도 영역이 제대로 작동하여 추세를 더 잘 볼 수 있습니다.
또한 저는 5분 타임프레임의 기간값이 168(=14*12)인 RSI가 주기 값이 14인 60분 타임프레임의 RSI와 동일한 값을 갖도록 적절한 함수 표현식을 적용하여 RSI를 변경했습니다.
다른 예로, 15분 시간 프레임에서 기간값이 56(=14*4)인 RSI는 60분 시간 프레임의 기간값이 14인 RSI와 동일한 값을 갖습니다.
기간값이 200인 RSI의 차이를 스냅샷에서 비교해보십시오.
-----------------------------
RSI Candlestick
RSI는 종가만을 변수로 사용하여 값을 도출해냅니다. 저는 RSI 식을 역으로 풀어내어서 캔들스틱의 고가와 저가를 식에 포함시켜보았습니다.
결과적으로, '만약 고가나 저가가 종가였다면 RSI의 값이 이럴것이다'를 구현해내었습니다. 캔들이 고가를 찍고 내려오면 윗꼬리가 생기듯 RSI Candle에서도 고가를 찍고 내려오면 윗꼬리가 생기는겁니다!!
다이버전스 또한 원래는 종가끼리의 관계만 봐야했지만 RSI 캔들을 이용한다면 고가와 고가, 저가와 저가에서도 다이버전스를 발견할 수 있습니다.
그럼 잘 사용해주십시오!!!
Modified RSI Multi-Time Frame (HM)Effective RSI with Multi-Timeframe with Hilema - Milega(HM) concept (HM=WMA -EMA). RSI Script is included with WMA and EMA band for RSI1 and it works very simple
i) When the RSI band turns to Green its a Buy signal. Normally whenever Bearish strength weakens and move towards the Bullish area, the WMA and EMA cross each other and that tends to provide a possible trend change. A trade at crossover normally provides a very good trading oppertunity. One can combine with some other Price action if needed for double confirmation.
ii)When RSI band turns to RED its a Sell signal. As explained in the point 1 , its a vice-versa where a crossover of WMA and EMA is perfect entry to get a good swing trade. Once can combine this tool with Price action for double confirmation.
iii) Using the Multi timeframe user could able to find the trend at higher timeframe to take double confirm on the trend strength and take a perfect oppertunity to take the trade.
By default, script uses the RSI with length 14, WMA 21 and EMA 3 which perfectly working for Index in NSE. Please change as per your requirement.
Apart from the above band, RSI is not have the different levels like 20/ 40 /50/60/80
Multi-timeframes currently set as
RSI1 - Same as Chart
RSI2 - 15 Min
RSI3 - 60 Min
RSI4 - Daily
Script has enabled the option to change the values for these timeframes as per the user requirement.
These ranges can be interpreted and acts as a probable swing points based on the trend and momentum.
40-60 - Neutral Range or Sideways
20 - 60 Bearish range
40 - 70 - Bullish range
Below 20 -- Over Sold Zone
Above 80 - over Bought zone
Also, the crossovers of the WMA and EMA on the RSI gives a very good momentum towards that trend.
[kai]Futility RatioAn indicator that measures movement inefficiency
Inefficient movement, that is, the range market becomes a high number, the limit is reached at about 60 and a trend occurs
When the range breaks and a trend occurs, the inefficiency drops to about 40 and many trends end.
The full-scale trend goes down further and goes down to about 25, which is evaluated as an efficient movement, the limit is reached and the trend ends.
As for how to use this Inge, the direction of the trend needs to be considered in other ways.
Create a position when you reach 60
Position closed or contrarian at 40 or 25
I assume the usage
動きの非効率性を測定するインジケーターです
非効率な動きをするつまりレンジ相場は高い数字になって、60程度で限界が訪れてトレンドが発生します
レンジがブレイクしトレンドが発生すると40程度まで非効率性は下がりって多くのトレンドは終了します
本格的なトレンドはさらに下がっていって効率的な動きと評価される25程度まで下がって限界が訪れてトレンドが終了します
このインジの使い方はトレンドの方向は他の方法で考える必要がありますが
60まで上がったときにポジション作成
40又は25でポジションクローズ又は逆張り
という使い方を想定しています
Waindrops [Makit0]█ OVERALL
Plot waindrops (custom volume profiles) on user defined periods, for each period you get high and low, it slices each period in half to get independent vwap, volume profile and the volume traded per price at each half.
It works on intraday charts only, up to 720m (12H). It can plot balanced or unbalanced waindrops, and volume profiles up to 24H sessions.
As example you can setup unbalanced periods to get independent volume profiles for the overnight and cash sessions on the futures market, or 24H periods to get the full session volume profile of EURUSD
The purpose of this indicator is twofold:
1 — from a Chartist point of view, to have an indicator which displays the volume in a more readable way
2 — from a Pine Coder point of view, to have an example of use for two very powerful tools on Pine Script:
• the recently updated drawing limit to 500 (from 50)
• the recently ability to use drawings arrays (lines and labels)
If you are new to Pine Script and you are learning how to code, I hope you read all the code and comments on this indicator, all is designed for you,
the variables and functions names, the sometimes too big explanations, the overall structure of the code, all is intended as an example on how to code
in Pine Script a specific indicator from a very good specification in form of white paper
If you wanna learn Pine Script form scratch just start HERE
In case you have any kind of problem with Pine Script please use some of the awesome resources at our disposal: USRMAN , REFMAN , AWESOMENESS , MAGIC
█ FEATURES
Waindrops are a different way of seeing the volume and price plotted in a chart, its a volume profile indicator where you can see the volume of each price level
plotted as a vertical histogram for each half of a custom period. By default the period is 60 so it plots an independent volume profile each 30m
You can think of each waindrop as an user defined candlestick or bar with four key values:
• high of the period
• low of the period
• left vwap (volume weighted average price of the first half period)
• right vwap (volume weighted average price of the second half period)
The waindrop can have 3 different colors (configurable by the user):
• GREEN: when the right vwap is higher than the left vwap (bullish sentiment )
• RED: when the right vwap is lower than the left vwap (bearish sentiment )
• BLUE: when the right vwap is equal than the left vwap ( neutral sentiment )
KEY FEATURES
• Help menu
• Custom periods
• Central bars
• Left/Right VWAPs
• Custom central bars and vwaps: color and pixels
• Highly configurable volume histogram: execution window, ticks, pixels, color, update frequency and fine tuning the neutral meaning
• Volume labels with custom size and color
• Tracking price dot to be able to see the current price when you hide your default candlesticks or bars
█ SETTINGS
Click here or set any impar period to see the HELP INFO : show the HELP INFO, if it is activated the indicator will not plot
PERIOD SIZE (max 2880 min) : waindrop size in minutes, default 60, max 2880 to allow the first half of a 48H period as a full session volume profile
BARS : show the central and vwap bars, default true
Central bars : show the central bars, default true
VWAP bars : show the left and right vwap bars, default true
Bars pixels : width of the bars in pixels, default 2
Bars color mode : bars color behavior
• BARS : gets the color from the 'Bars color' option on the settings panel
• HISTOGRAM : gets the color from the Bearish/Bullish/Neutral Histogram color options from the settings panel
Bars color : color for the central and vwap bars, default white
HISTOGRAM show the volume histogram, default true
Execution window (x24H) : last 24H periods where the volume funcionality will be plotted, default 5
Ticks per bar (max 50) : width in ticks of each histogram bar, default 2
Updates per period : number of times the histogram will update
• ONE : update at the last bar of the period
• TWO : update at the last bar of each half period
• FOUR : slice the period in 4 quarters and updates at the last bar of each of them
• EACH BAR : updates at the close of each bar
Pixels per bar : width in pixels of each histogram bar, default 4
Neutral Treshold (ticks) : delta in ticks between left and right vwaps to identify a waindrop as neutral, default 0
Bearish Histogram color : histogram color when right vwap is lower than left vwap, default red
Bullish Histogram color : histogram color when right vwap is higher than left vwap, default green
Neutral Histogram color : histogram color when the delta between right and left vwaps is equal or lower than the Neutral treshold, default blue
VOLUME LABELS : show volume labels
Volume labels color : color for the volume labels, default white
Volume Labels size : text size for the volume labels, choose between AUTO, TINY, SMALL, NORMAL or LARGE, default TINY
TRACK PRICE : show a yellow ball tracking the last price, default true
█ LIMITS
This indicator only works on intraday charts (minutes only) up to 12H (720m), the lower chart timeframe you can use is 1m
This indicator needs price, time and volume to work, it will not work on an index (there is no volume), the execution will not be allowed
The histogram (volume profile) can be plotted on 24H sessions as limit but you can plot several 24H sessions
█ ERRORS AND PERFORMANCE
Depending on the choosed settings, the script performance will be highly affected and it will experience errors
Two of the more common errors it can throw are:
• Calculation takes too long to execute
• Loop takes too long
The indicator performance is highly related to the underlying volatility (tick wise), the script takes each candlestick or bar and for each tick in it stores the price and volume, if the ticker in your chart has thousands and thousands of ticks per bar the indicator will throw an error for sure, it can not calculate in time such amount of ticks.
What all of that means? Simply put, this will throw error on the BITCOIN pair BTCUSD (high volatility with tick size 0.01) because it has too many ticks per bar, but lucky you it will work just fine on the futures contract BTC1! (tick size 5) because it has a lot less ticks per bar
There are some options you can fine tune to boost the script performance, the more demanding option in terms of resources consumption is Updates per period , by default is maxed out so lowering this setting will improve the performance in a high way.
If you wanna know more about how to improve the script performance, read the HELP INFO accessible from the settings panel
█ HOW-TO SETUP
The basic parameters to adjust are Period size , Ticks per bar and Pixels per bar
• Period size is the main setting, defines the waindrop size, to get a better looking histogram set bigger period and smaller chart timeframe
• Ticks per bar is the tricky one, adjust it differently for each underlying (ticker) volatility wise, for some you will need a low value, for others a high one.
To get a more accurate histogram set it as lower as you can (min value is 1)
• Pixels per bar allows you to adjust the width of each histogram bar, with it you can adjust the blank space between them or allow overlaping
You must play with these three parameters until you obtain the desired histogram: smoother, sharper, etc...
These are some of the different kind of charts you can setup thru the settings:
• Balanced Waindrops (default): charts with waindrops where the two halfs are of same size.
This is the default chart, just select a period (30m, 60m, 120m, 240m, pick your poison), adjust the histogram ticks and pixels and watch
• Unbalanced Waindrops: chart with waindrops where the two halfs are of different sizes.
Do you trade futures and want to plot a waindrop with the first half for the overnight session and the second half for the cash session? you got it;
just adjust the period to 1860 for any CME ticker (like ES1! for example) adjust the histogram ticks and pixels and watch
• Full Session Volume Profile: chart with waindrops where only the first half plots.
Do you use Volume profile to analize the market? Lucky you, now you can trick this one to plot it, just try a period of 780 on SPY, 2760 on ES1!, or 2880 on EURUSD
remember to adjust the histogram ticks and pixels for each underlying
• Only Bars: charts with only central and vwap bars plotted, simply deactivate the histogram and volume labels
• Only Histogram: charts with only the histogram plotted (volume profile charts), simply deactivate the bars and volume labels
• Only Volume: charts with only the raw volume numbers plotted, simply deactivate the bars and histogram
If you wanna know more about custom full session periods for different asset classes, read the HELP INFO accessible from the settings panel
EXAMPLES
Full Session Volume Profile on MES 5m chart:
Full Session Unbalanced Waindrop on MNQ 2m chart (left side Overnight session, right side Cash Session):
The following examples will have the exact same charts but on four different tickers representing a futures contract, a forex pair, an etf and a stock.
We are doing this to be able to see the different parameters we need for plotting the same kind of chart on different assets
The chart composition is as follows:
• Left side: Volume Labels chart (period 10)
• Upper Right side: Waindrops (period 60)
• Lower Right side: Full Session Volume Profile
The first example will specify the main parameters, the rest of the charts will have only the differences
MES :
• Left: Period size: 10, Bars: uncheck, Histogram: uncheck, Execution window: 1, Ticks per bar: 2, Updates per period: EACH BAR,
Pixels per bar: 4, Volume labels: check, Track price: check
• Upper Right: Period size: 60, Bars: check, Bars color mode: HISTOGRAM, Histogram: check, Execution window: 2, Ticks per bar: 2,
Updates per period: EACH BAR, Pixels per bar: 4, Volume labels: uncheck, Track price: check
• Lower Right: Period size: 2760, Bars: uncheck, Histogram: check, Execution window: 1, Ticks per bar: 1, Updates per period: EACH BAR,
Pixels per bar: 2, Volume labels: uncheck, Track price: check
EURUSD :
• Upper Right: Ticks per bar: 10
• Lower Right: Period size: 2880, Ticks per bar: 1, Pixels per bar: 1
SPY :
• Left: Ticks per bar: 3
• Upper Right: Ticks per bar: 5, Pixels per bar: 3
• Lower Right: Period size: 780, Ticks per bar: 2, Pixels per bar: 2
AAPL :
• Left: Ticks per bar: 2
• Upper Right: Ticks per bar: 6, Pixels per bar: 3
• Lower Right: Period size: 780, Ticks per bar: 1, Pixels per bar: 2
█ THANKS TO
PineCoders for all they do, all the tools and help they provide and their involvement in making a better community
scarf for the idea of coding a waindrops like indicator, I did not know something like that existed at all
All the Pine Coders, Pine Pros and Pine Wizards, people who share their work and knowledge for the sake of it and helping others, I'm very grateful indeed
I'm learning at each step of the way from you all, thanks for this awesome community;
Opensource and shared knowledge: this is the way! (said with canned voice from inside my helmet :D)
█ NOTE
This description was formatted following THIS guidelines
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I sincerely hope you enjoy reading and using this work as much as I enjoyed developing it :D
GOOD LUCK AND HAPPY TRADING!
EulerMethod: DeltaEN
Shows the Integral Volume Delta (IVD)
It is a detailed OBV. Each bar sums up the volume for bars of a shorter timeframe.
For example, inside a 1M bar, every 12h bar is added up, and inside a 1h bar, every 1min bar is added. Thus, a conditional volume delta inside the bar is obtained.
The indicator for each bar shows the volume of purchases (positive), sales (negative) and the difference — IVD
The delta histogram is thicker than the volume histograms
Settings detalisation
M — 6 hours, 12 hours and 1 day for the M timeframe (720 by default)
W — 4 hours, 6 hours and 12 hours for the W timeframe (240 by default)
D — 30 minutes, 1 hour and 2 hours for the D timeframe (60 by default)
H — 1 minute, 5 minutes and 15 minutes for timeframes [1h, D) (default is 1)
For timeframes of 15m and less, the calculation is carried out by minute bars
VSA mode
The classic OBV adds volume to the cumulative sum under the condition Сlose (n) > Close (n-1) and subtracts it under the condition Close (n) < Close (n-1)
When VSA mode is disabled, all volumes are summed up under these conditions.
When the VSA approximation is turned on, the volume per bar of detail is divided by the factor (Close - Low) / (High - Low)
That is, it takes into account the spread per bar and closing relative to the spread. VSA is enabled by default
A/D mode
Shows the cumulative Accumulation / Distribution Index
The delta of the detail bar is multiplied by (High + Low + Close) / 3 bars, the result is added to the cumulative sum
No additional price conversions required due to integral summation
Index line view is customizable
EM Delta does not receive intermediate values in real time.
To see the result, wait until the bar closes or switch to a smaller timeframe
RU
Показывает Интегральную Дельту Объёма (ИДО)
Представляет собой детализированный OBV. В каждом баре суммируется объём за бары меньшего таймфрейма.
Например, внутри 1М-бара суммируется каждый 12h-бар, а внутри 1h — каждый 1m-бар. Таким образом получается условная дельта объёма внутри бара
Индикатор на каждый бар показывает объём покупок (положительный), объём продаж (отрицательный) и разницу — ИДО
Гистограмма дельты толще гистограмм объёмов
Настройки детализации внутри бара
M — 6 часов, 12 часов и 1 день для таймфрейма M (по-умолчанию 720)
W — 4 часа, 6 часов и 12 часов для таймфрейма W (по-умолчанию 240)
D — 30 минут, 1 час и 2 часа для таймфрейма D (по-умолчанию 60)
H — 1 минута, 5 минут и 15 минут для таймфреймов [1h, D) (по-умолчанию 1)
Для таймфреймов 15m и меньше расчёт ведётся по минутным барам
Режим VSA
Классический OBV прибавляет объём к кумулятивной сумме при условии Сlose(n) > Close(n-1) и отнимает при условии Close(n) < Close(n-1)
При отключении режима VSA все объёмы суммируются по этим условиям
При включённой VSA-аппроксимации объём за бар детализации делится по фактору (Close - Low) / (High - Low)
То есть учитывает спред за бар и закрытие относительно спреда. По-умолчанию режим VSA включен
Режим A/D
Показывает кумулятивный индекс Накопления/Распределения
Дельта бара детализации умножается на (High + Low + Close) / 3 бара, результат прибавляется к кумулятивной сумме
Дополнительные преобразования цены не требуются ввиду интегрального суммирования
Вид линии индекса настраивается
EM Delta не получает промежуточные значения в реальном времени.
Чтобы увидеть результат, дождитесь закрытия бара или перейдите на меньший таймфрейм
