Daily Directional Bias Indicator (S&P 500)This indicator is designed to help you be on the right side of the trade.
Most traders who struggle to know which way price may move are only looking at part of the picture. This Directional Bias Indicator uses both the Accumulation/Distribution Line and VIX for directional confirmation.
The Accumulation/Distribution Line
The Accumulation/Distribution (ACC) line helps us gauge market momentum by showing the cumulative flow of money into or out of an asset. When the ACC line is rising, it suggests that buying pressure is dominating, indicating a bullish market. Conversely, when the ACC line is falling, it suggests that selling pressure is stronger, indicating a bearish market. By comparing the ACC line with the VWAP, traders can see if the price is moving in line with the overall market sentiment. If the ACC line is above the VWAP, it suggests the market is in a bullish phase; if it's below, it indicates a bearish phase.
The VIX
The VIX (Volatility Index) is often referred to as the "fear gauge" of the market. When the VIX is rising, it typically signals increased market fear and higher volatility, which can be a sign of bearish market conditions. Conversely, when the VIX is falling, it suggests lower volatility and a more stable, bullish market. Using the VIX with the VWAP helps us confirm market direction, particularly in relation to the S&P 500.
VWAP
For both the ACC Line and VIX, we use a VWAP line to gauge whether the ACC line or the VIX is above or below the average. When the ACC line is above the VWAP, we view it as a sign that price will go up. However, because the VIX has an inverse relationship, when the VIX falls below the VWAP, we take that as a sign to go long.
How to use
The yellow line represents the ACC Line.
The red line represents the VWAP based on the ACC line.
The triangles at the bottom simply show when the ACC line is above or below the VWAP.
The triangles at the top show whether the VIX is bullish or bearish.
If both triangles (top or bottom) are bullish, this confirms that the price of an asset like the S&P 500 will likely go up. If both triangles are pointing down, it suggests that price will fall.
As always, test for yourself.
Happy trading!
Фундаментальный анализ
M2 Money Shift for Bitcoin [SAKANE]M2 Money Shift for Bitcoin was developed to visualize the impact of M2 Money, a macroeconomic indicator, on the Bitcoin market and to support trade analysis.
Bitcoin price fluctuations have a certain correlation with cycles in M2 money supply.In particular, it has been noted that changes in M2 supply can affect the bitcoin price 70 days in advance.Very high correlations have been observed in recent years in particular, making it useful as a supplemental analytical tool for trading.
Support for M2 data from multiple countries
M2 supply data from the U.S., Europe, China, Japan, the U.K., Canada, Australia, and India are integrated and all are displayed in U.S. dollar equivalents.
Slide function
Using the "Slide Days Forward" setting, M2 data can be slid up to 500 days, allowing for flexible analysis that takes into account the time difference from the bitcoin price.
Plotting Total Liquidity
Plot total liquidity (in trillions of dollars) by summing the M2 supply of multiple countries.
How to use
After applying the indicator to the chart, activate the M2 data for the required country from the settings screen. 2.
2. adjust "Slide Days Forward" to analyze the relationship between changes in M2 supply and bitcoin price
3. refer to the Gross Liquidity plot to build a trading strategy that takes into account macroeconomic influences.
Notes.
This indicator is an auxiliary tool for trade analysis and does not guarantee future price trends.
The relationship between M2 supply and bitcoin price depends on many factors and should be used in conjunction with other analysis methods.
NasnagaПреимущества:
Подходит для торговли на уровнях поддержки и сопротивления с учетом перекупленности/перепроданности рынка.
Интеграция объемов позволяет фильтровать слабые сигналы.
Удобная визуализация сигналов для трейдеров.
Применение:
Этот индикатор используется для стратегии Smart Money, когда трейдеры стремятся открывать позиции на уровнях поддержки (лонг) или сопротивления (шорт), основываясь на анализе индикаторов и объемов.
Advantages:
Suitable for trading at support and resistance levels, considering overbought and oversold market conditions.
Volume integration helps filter out weak signals.
Convenient signal visualization for traders.
Application:
This indicator is used for the Smart Money strategy, where traders aim to open positions at support levels (long) or resistance levels (short) based on the analysis of indicators and volumes.
Solar and Lunar Eclipse Bu komut tam olarak güneş ve ay tutulmalarını vermektedir. Güneş tutulması ve ay tutulması hemen hemen aynı zamanlarda gerçekleşir.
1.Güneş tutulması Ay tutulmasından önce gerçekleşmişse; Ayı sezonu
2. Ay tutulması Güneş tutulmasından önce gerçekleşmişse; Boğa sezonu
This allows solar and lunar eclipses as a full command. Solar tearing and lunar tearing occur around the same time.
1. If the Sun tear occurred before the Moon tear; Bearish
2. If the Lunar tear occurred before the Sun tear; Bullish
**4 kere Güneş aydan önce olur 4 kere ise ay güneşten. Bu yüzden güneş tutulmasının öne geçeceğini önceden görüp hareket edebilirsiniz.
matrixx Mondays 10AM Vertical Line (Offset Enabled)Super simple script that lets me see market opens at a glance, represented by a white vertical line.
If you can't see anything, then you may need to reset / reduce the 'offset' dependant on your timezone - NY being zer0 and NZ (where I am) being -17
Setting the timezone to a day / hour the market is closed will cause the script to not paint any lines.
Kill Zones by ShakhzodTrade Session Separator - Simplify Your Trading with Clear Session Boundaries
Struggling to keep track of trading hours? The Trade Session Separator makes it effortless to identify session boundaries on your chart, helping you analyze market movements with precision.
Key Features:
✅ Session Identification – Clearly marks the start and end of each trading session.
✅ Customizable Settings – Tailor it to fit different markets and time zones.
✅ Enhanced Visibility – Choose colors and styles that match your trading preferences.
✅ Improved Analysis – Gain insights into session-specific trends and optimize your strategy.
This tool ensures you never miss the transition between sessions, allowing for better market analysis and smarter decision-making.
Trade Session Separator – your ultimate companion for cleaner, more effective trading! 🌟
Profitable Trading StrategyKey Features of the Script
Trend-Following Moving Averages:
The fast EMA (Exponential Moving Average) crossing above the slow EMA indicates a bullish trend.
The fast EMA crossing below the slow EMA indicates a bearish trend.
RSI Filter:
Ensures that you only enter long positions when the RSI is not overbought and short positions when the RSI is not oversold. This reduces false signals.
Risk Management:
Includes both a Take Profit and a Stop Loss mechanism, ensuring disciplined trade exits.
Configurable percentage-based risk management (e.g., 2% Take Profit, 1% Stop Loss).
Signal Visuals:
Displays buy/sell signals directly on the chart for better visualization.
Plots moving averages and RSI levels for added clarity.
Coinbase Premium HeatmapCoinbase Premium Heatmap visualizes spot bitcoin premium (or discount) on Coinbase, relative to other spot markets, visualized as a heatmap overlay.
OPTIMIZED FOR CLARITY
Coinbase Premium can whipsaw quickly, with dramatic state changes over relatively brief periods, unnecessarily complicating its use (for our purposes).
To mitigate whipsaws, the script (a) averages premium/discount on an hourly basis, and (b) introduces lightweight exponential smoothing, to further simplify/clarify state.
WHY IT MATTERS
Spot Coinbase premium is a strong proxy for bullish institutional sentiment and net inflows/accumulation by western financial institutions, ETF providers, and corporations (like MicroStrategy) adding bitcoin to their treasury.
In aggregate, this holder cohort drives trend & sentiment more than any other, so it's important to know their directional bias.
HOW IT'S CALCULATED
Premium / discount calculates the spread between Coinbase spot BTC price, and spot price on Binance + Bybit. Calculation is averaged hourly, with light exponential smoothing.
HOW WE USE THE SCRIPT
When assessing optimal moments to hedge exposure (or sell spot assets) near a presumed impending cycle top, awareness of institutional sentiment is a crucial variable. This script:
(a) Filters out unnecessarily early cycle exit signals (if Coinbase premium is still present)
(b) Confirms other metrics that indicate an impending cycle top (if the neutral to bearish institutional sentiment we'd expect to see is in effect), and
(c) Visualizes state changes (from bearish to bullish & vice versa), that often make for good swing entries & exits on lower timeframes.
Double Bottom with Support/Resistance Strategy - AynetInputs
Lookback Period: Defines the range to identify swing lows and calculate Fibonacci levels.
Swing Low Threshold: Used to determine whether a bottom is sharp (Adam) or rounded (Eve).
Fibonacci Levels: Customizable levels (e.g., 0.618 and 1.618) for defining target zones.
Support/Resistance Period: Period for identifying support/resistance levels.
Support/Resistance Touch Points: Minimum number of points required to validate a support/resistance level.
Key Features
1. Support/Resistance Detection
get_sr_level Function: Calculates support or resistance levels by checking if the high/low of candles within the specified period touch certain thresholds.
Only valid levels with enough touch points (srThreshold) are used.
2. Double Bottom Pattern Detection
Detects "Adam and Eve" double bottoms based on:
Adam Bottom: A sharp price movement (high spike sharpness).
Eve Bottom: A rounded bottom (low spike sharpness).
Bottoms are validated if they occur within 2% of the first detected bottom.
3. Fibonacci Levels
Calculates Fibonacci levels based on the high point and the detected bottoms:
Level 1 (e.g., 0.618): The first target/resistance level.
Level 3 (e.g., 1.618): The extended target/support level.
4. Entry Conditions
Long Entry: If the calculated support/resistance level is above the Fibonacci Level 3.
Short Entry: If the support/resistance level is below Fibonacci Level 1.
Reset Conditions
Resets pattern detection variables when a new high is detected above the recent lookback range.
Visualization
Plots:
Fibonacci Levels (e.g., 0.236 and 0.618).
Support/Resistance Level.
Shapes:
Adam Bottom: Green circles below bars.
Eve Bottom: Yellow circles below bars.
This strategy combines pattern detection (Adam and Eve double bottoms), Fibonacci retracements, and support/resistance zones to define trading opportunities. It automatically places long or short trades based on these conditions.
LRSI-TTM Squeeze - AynetThis Pine Script code creates an indicator called LRSI-TTM Squeeze , which combines two key concepts to analyze momentum, squeeze conditions, and price movements in the market:
Laguerre RSI (LaRSI): A modified version of RSI used to identify trend reversals in price movements.
TTM Squeeze: Identifies market compressions (low volatility) and potential breakouts from these squeezes.
Functionality and Workflow of the Code
1. Laguerre RSI (LaRSI)
Purpose:
Provides a smoother and less noisy version of RSI to track price movements.
Calculation:
The script uses a filtering coefficient (alpha) to process price data through four levels (L0, L1, L2, L3).
Movement differences between these levels calculate buying pressure (cu) and selling pressure (cd).
The ratio of these pressures forms the Laguerre RSI:
bash
Kodu kopyala
LaRSI = cu / (cu + cd)
The LaRSI value indicates:
Below 20: Oversold condition (potential buy signal).
Above 80: Overbought condition (potential sell signal).
2. TTM Squeeze
Purpose:
Analyzes the relationship between Bollinger Bands (BB) and Keltner Channels (KC) to determine whether the market is compressed (low volatility) or expanded (high volatility).
Calculation:
Bollinger Bands:
Calculated based on the moving average (SMA) of the price, with an upper and lower band.
Keltner Channels:
Created using the Average True Range (ATR) to calculate an upper and lower band.
Squeeze States:
Squeeze On: BB is within KC.
Squeeze Off: BB is outside KC.
Other States (No Squeeze): Neither of the above applies.
3. Momentum Calculation
Momentum is computed using the linear regression of the difference between the price and its SMA. This helps anticipate the direction and strength of price movements when the squeeze ends.
Visuals on the Chart
Laguerre RSI Line:
An RSI indicator scaled to 0-100 is plotted.
The line's color changes based on its movement:
Green line: RSI is rising.
Red line: RSI is falling.
Key levels:
20 level: Oversold condition (buy signal can be triggered).
80 level: Overbought condition (sell signal can be triggered).
Momentum Histogram:
Displays momentum as histogram bars with colors based on its direction and strength:
Lime (light green): Positive momentum increasing.
Green: Positive momentum decreasing.
Red: Negative momentum decreasing.
Maroon (dark red): Negative momentum increasing.
Squeeze Status Indicator:
A marker is plotted on the zero line to indicate the squeeze state:
Yellow: Squeeze On (compression active).
Blue: Squeeze Off (compression ended, movement expected).
Gray: No Squeeze.
Information Table
A table is displayed in the top-right corner of the chart, showing closing prices for different timeframes (e.g., 1 minute, 5 minutes, 1 hour, etc.). Each timeframe is color-coded.
Alerts
LaRSI Alerts:
Crosses above 20: Exiting oversold condition (buy signal).
Crosses below 80: Exiting overbought condition (sell signal).
Squeeze Alerts:
When the squeeze ends: Indicates a potential price move.
When the squeeze starts: Indicates volatility is decreasing.
Summary
This indicator is a powerful tool for determining market trends, momentum, and squeeze conditions. It helps users identify periods when the market is likely to move or remain stagnant, providing alerts based on these analyses to support trading strategies.
Automatic Fibonacci Levels with EMAAutomatic Fibonacci Levels with EMA
Description:
This script automatically calculates and displays Fibonacci retracement levels based on the highest and lowest prices over a dynamic lookback period. The Fibonacci levels are recalculated on every bar to adapt to price changes, providing an ongoing analysis of key support and resistance areas.
The Fibonacci levels are dynamically colored to reflect the trend direction, determined by the position of the price relative to the Exponential Moving Average (EMA). When the market is in an uptrend (price above EMA), Fibonacci levels are displayed in green, and in a downtrend (price below EMA), they are shown in red. This color coding helps traders quickly identify the current market direction.
Key Features:
Dynamic Fibonacci Levels: Automatically adjusts Fibonacci retracement levels based on recent price action, recalculated with each new bar.
EMA Trend Confirmation: The trend is confirmed by the position of the price relative to the 20-period EMA. Fibonacci levels are color-coded to reflect this trend.
Customizable Lookback Period: Adjust the base lookback period (default 50) and scale it according to your preferred timeframe for more or less sensitivity to recent price action.
Flexible Fibonacci Duration: The Fibonacci levels remain on the chart for a customizable duration (default 2 bars), allowing for visual clarity while adapting to new price action.
Timeframe Scaling: The script automatically adjusts the lookback period based on a scaling factor, making it suitable for different timeframes.
How to Use:
Use the Fibonacci levels to identify potential support and resistance zones based on the market's current price range.
Combine the trend color coding with your own strategy to enhance decision-making, whether for long or short entries.
Adjust the Lookback Period and Fibonacci Duration based on your trading style and timeframe preferences.
This script provides an automatic and customizable way to visualize Fibonacci retracements in a dynamic manner, helping traders make informed decisions based on trend direction and key price levels.
Note: As with any trading tool, always use proper risk management and test the script before using it in live trading.
4-Frame Trend CountThis script tracks the current close vs the close from 4 time frames prior to spot a trend reversal after 9 consecutive up or down moves.
Quantum Transform - AynetQuantum Transform Trading Indicator: Explanation
This script is called a "Quantum Transform Trading Indicator" and aims to enhance market analysis by applying complex mathematical models. Written in Pine Script, the indicator includes the following elements:
1. General Structure
Quantum Parameters: Inspired by physical and mathematical concepts (Planck constant ℏ, wave function Ψ, time τ, etc.), it uses specific parameters.
Transformation Functions: Applies various mathematical operations to transform price data in different ways.
Signal Generation: Produces signals for long and short positions.
Visualization: Displays different price transformations and signals on the chart.
2. Core Parameters
The parameters allow users to control various transformations:
Planck Constant (ℏ): A scaling factor for wave modulation.
Wave (Ψ): Controls oscillation in price data.
Time (τ): The length of the lookback period for calculations.
Relativity (γ): Power factor in the Lorentz transformation.
Phase Shift (β): Manages phase shift in transformations.
Frequency (ω): Represents the frequency of price movements.
Dimensions (∇): Enables multi-dimensional field analysis.
3. Functions
a) Relativistic Transform
Inspired by the theory of relativity.
Calculates the Lorentz factor using the rate of price change.
Transforms price data to amplify the relativity effect.
b) Phase Transform
Calculates the phase of price data and applies wave modulation.
Creates phase and amplitude modulation based on the bar index.
c) Resonance Transform
Calculates resonance effects using natural frequency and oscillations.
Highlights periodic behaviors of price movements.
d) Field Transform
Applies multi-dimensional field calculations.
Combines strength, wave, and coherence aspects of price data.
e) Chaos Transform
Implements a chaos effect based on sensitivity analysis.
Simulates chaotic behaviors of price movements.
4. Main Calculations
Quantum Price: The average of all transformation functions.
Bands:
Upper Band: The highest level of quantum price.
Lower Band: The lowest level of quantum price.
Mid Band: The average of upper and lower bands.
Momentum: Calculates the rate of change in quantum price.
5. Signal Generation
Long Signal:
Triggered when the phase price crosses above the field price.
Momentum must be positive, and the price above the mid-band.
Short Signal:
Triggered when the phase price crosses below the field price.
Momentum must be negative, and the price below the mid-band.
Signal strength is calculated relative to the momentum moving average.
6. Visualization
Each transformation is displayed in a unique color.
Bands and Momentum: Visualize price behavior.
Signal Icons: Show buy/sell signals using up/down arrows on the chart.
7. Information Panel
A table in the top-right corner of the chart displays:
The current values of each transformation.
Signal strength (as a percentage).
The type of signal (⬆: Long, ⬇: Short).
Applications
Trend Following: Analyze trends with complex transformations.
Resonance and Chaos Analysis: Understand dynamic behaviors of price.
Signal Strategies: Create strong and reliable buy/sell signals.
If you have any additional questions or customization requests regarding this indicator, feel free to ask!
Divides company with IndexOverview:
This indicator simplifies the comparison of a stock's performance against a specified index, such as the Nifty 50. By calculating and plotting the ratio between the two, it provides a clear visual representation of relative strength.
Key Features:
-Direct Comparison: Easily compare any stock against a selected index.
-Customizable Index: Choose from a dropdown menu or input a custom index symbol.
-Visual Clarity: Maximizing the chart provides a clear view of the relative performance.
-SMA Overlay: Add a Simple Moving Average (SMA) to identify trends and potential entry/exit
points.
-Customizable Appearance: Adjust background color, text color, and label size for personalized
visualization.
How to Use:
Add the Indicator: Add the indicator to your chart.
Select the Index: Choose the desired index from the dropdown menu or input a custom symbol.
Analyze the Ratio:
-A rising ratio indicates the stock is outperforming the index.
-A falling ratio suggests underperformance.
-The SMA can help identify potential trends and momentum.
Customize the Appearance: Adjust the background color, text color, and label size to suit your preferences.
Benefits:
-Improved Decision Making: Gain insights into a stock's relative strength.
-Faster Analysis: Quickly compare multiple stocks against a benchmark index.
-Enhanced Visualization: Customize the chart for better understanding.
-By leveraging this indicator, you can make informed trading decisions and gain a deeper
understanding of market dynamics.
Crypto Value RainbowThe best way to value Crypto value is comparing Crypto price against the available money supply circulating in the economy. There are 3 different 4 different type of money supply M0/M1/M2/M3 which denotes the level of money printed by central government to the final credit lend out to the economy via fractional banking system. This rainbow valuation measures the relative Crypto price against the M0/M1/M2/M3 from most popular currency that account for more than 75% of money supply in the world.
CV = US MS + EU MS + CN MS + JP MS + UK MS
CV = Crypto Value
MS = Money Supply
This can only be applied to a few crypto currency:
- BTCUSD Bitcoin
- ETHUSD Ehereum
- BNBUSD BNB
- SOLUSD Solana
- XRPUSD XRP
- TONUSD Toncoin
- DOGEUSD Dogecoin
- TRXUSD Tron
- ADAUSD Cardano
- AVAXUSD Avalanche
The rainbow color is the multiplier for the total Crypto Value by 1x,2x,3x,...,10x
Sri Yantra MTF - AynetSri Yantra MTF - Aynet Script Overview
This Pine Script generates a Sri Yantra-inspired geometric pattern overlay on price charts. The pattern is dynamically updated based on multi-timeframe (MTF) inputs, utilizing high and low price ranges, and adjusting its size relative to a chosen multiplier.
The Sri Yantra is a sacred geometric figure used in various spiritual and mathematical contexts, symbolizing the interconnectedness of the universe. Here, it is applied to visualize structured price levels.
Scientific and Technical Explanation
Multi-Timeframe Integration:
Base Timeframe (baseRes): This is the primary timeframe for the analysis. The opening price and ATR (Average True Range) are calculated from this timeframe.
Pattern Timeframe (patternRes): Defines the granularity of the pattern. It ensures synchronization with price movements on specific time intervals.
Geometric Construction:
ATR-Based Scaling: The script uses ATR as a volatility measure to dynamically size the geometric pattern. The sizeMult input scales the pattern relative to price volatility.
Pattern Width (barOffset): Defines the horizontal extent of the pattern in terms of bars. This ensures the pattern is aligned with price movements and scales appropriately.
Sri Yantra-Like Geometry:
Outer Square: A bounding box is drawn around the price level.
Triangles: Multiple layers of triangles (primary, secondary, and tertiary) are calculated and drawn to mimic the structure of the Sri Yantra. These triangles converge and diverge based on price levels.
Horizontal Lines: Added at key levels to provide additional structure and aesthetic alignment.
Dynamic Updates:
The pattern recalculates and redraws itself on the last bar of the selected timeframe, ensuring it adapts to real-time price data.
A built-in check identifies new bars in the chosen timeframe (patternRes), ensuring accurate updates.
Information Table:
Displays the selected base and pattern timeframes in a table format on the top-right corner of the chart.
Allows traders to see the active settings for quick adjustments.
Key Inputs
Style Settings:
Pattern Color: Customize the color of the geometric patterns.
Size Multiplier (sizeMult): Adjusts the size of the pattern relative to price movements.
Line Width: Controls the thickness of the geometric lines.
Timeframe Settings:
Base Resolution (baseRes): Timeframe for calculating the pattern's anchor (default: daily).
Pattern Resolution (patternRes): Timeframe granularity for the pattern’s formation.
Geometric Adjustments:
Pattern Width (barOffset): Horizontal width in bars.
ATR Multiplier (rangeSize): Vertical size adjustment based on price volatility.
Scientific Concepts
Volatility Representation:
ATR (Average True Range): A standard measure of market volatility, representing the average range of price movements over a defined period. Here, ATR adjusts the vertical height of the geometric figures.
Geometric Symmetry:
The script emulates symmetry similar to the Sri Yantra, aligning with the principles of sacred geometry, which often appear in nature and mathematical constructs. Symmetry in financial data visualizations can aid in intuitive interpretation of price movements.
Multi-Timeframe Fusion:
Synchronizing patterns with multiple timeframes enhances the relevance of overlays for different trading strategies. For example, daily trends combined with hourly patterns can help traders optimize entries and exits.
Visual Features
Outer Square:
Drawn to encapsulate the geometric structure.
Represents the broader context of price levels.
Triangles:
Three layers of interlocking triangles create a fractal pattern, providing a visual alignment to price dynamics.
Horizontal Lines:
Emphasize critical levels within the pattern, offering visual cues for potential support or resistance areas.
Information Table:
Displays the active timeframe settings, helping traders quickly verify configurations.
Applications
Trend Visualization:
Patterns overlay on price movements provide a clearer view of trend direction and potential reversals.
Volatility Mapping:
ATR-based scaling ensures the pattern adjusts to varying market conditions, making it suitable for different asset classes and trading strategies.
Multi-Timeframe Analysis:
Integrates higher and lower timeframes, enabling traders to spot confluences between short-term and long-term price levels.
Potential Enhancements
Add Fibonacci Levels: Overlay Fibonacci retracements within the pattern for deeper price level insights.
Dynamic Alerts: Include alert conditions when price intersects key geometric lines.
Custom Labels: Add text descriptions for critical intersections or triangle centers.
This script is a unique blend of technical analysis and sacred geometry, providing traders with an innovative way to visualize market dynamics.
Pivotal Point Detection
The indicator highlights price gaps (overnight gaps) with significantly increased volume in the daily chart only. These price jumps can occur after earnings reports or other significant news and often point to an important event (e.g., a new product or business model). According to Jesse Livermore, these are called Pivotal Points.
The price jumps displayed by the indicator are not a guarantee that they represent a true Pivotal Point, but they provide a hint of a significant business development - especially when they occur repeatedly alongside revenue growth. This can help identify potentially strong growth stocks and high-performing investments. However, the underlying events and connections must be investigated through additional research.
make posible to find stocks like:
NYSE:PLTR NASDAQ:ROOT NASDAQ:NVDA NYSE:CVNA NYSE:LRN
A "pivotal price line" is drawn at the opening price of the Pivotal Point. This line is considered a support level. If the price falls below this line, the Pivotal Point loses its validity.
Global vs National Index Spread RSIThe Global vs National Index Spread RSI indicator visualizes the relative strength of national stock indices compared to a global benchmark (e.g., AMEX). It calculates the percentage spread between the closing prices of each national index and the global index, applying the Relative Strength Index (RSI) to each spread.
How It Works
Spread Calculation: The spread represents the percentage difference between a national index and the global index.
RSI Application: RSI is applied to these spreads to identify overbought or oversold conditions in the relative performance of the national indices.
Reference Lines: Overbought (70), oversold (30), and neutral (50) levels help guide interpretation.
Insights from Research
The correlation between global and national indices provides insights into market integration and interdependence. Studies such as Forbes & Rigobon (2002) emphasize the importance of understanding these linkages during periods of financial contagion. Observing spread trends with RSI can aid in identifying shifts in investor sentiment and regional performance anomalies.
Use Cases
- Detect divergences between national and global markets.
- Identify overbought or oversold conditions for specific indices.
- Complement portfolio management strategies by monitoring geographic performance.
References
Forbes, K. J., & Rigobon, R. (2002). "No contagion, only interdependence: Measuring stock market co-movements." Journal of Finance.
Eun, C. S., & Shim, S. (1989). "International transmission of stock market movements." Journal of Financial and Quantitative Analysis.
BTC CME Futures Divergence TrackerThis script tracks divergences between price action and open interest for the BTC CME Futures contract (symbol "BTC1!") using the following components:
Key Features:
1. Price Analysis: Identifies lower highs in the price over a specified lookback period. Marks these points with red upward-facing triangles above the bars.
2. Open Interest Analysis: Retrieves open interest (OI) data for the BTC CME Futures contract via request.security. Detects lower highs in open interest over the same lookback period. Highlights these points with blue downward-facing triangles below the bars.
3. Divergence Detection: A divergence is identified when both price and open interest form lower highs simultaneously. Highlights such occurrences with a purple background, indicating potential bearish sentiment or weakening momentum.
4. Alerts: If divergences are detected, an alert is triggered (if enabled), notifying the trader to take action.
5. Visualization: Open interest is plotted as a blue line in a separate pane for added context. Red and blue markers highlight significant points in price and open interest trends.
Use Cases:
- Spot Weakening Trends: Divergences between price and open interest may indicate a loss of momentum or bearish sentiment, allowing traders to preemptively adjust their strategies.
- Monitor Institutional Activity: Open interest changes reflect shifts in market participation, especially in derivative markets like CME Futures.
- Set Alerts for Key Signals: With automated alerts, traders can stay informed of potential divergence signals without constant monitoring.
Customization Options:
- Lookback Period: Adjust the number of bars used to detect lower highs.
- Timeframe: Choose the timeframe for fetching open interest data (e.g., daily, hourly).
- Alert Activation: Enable or disable alerts for divergences.
This tool combines price action with open interest dynamics to provide a robust method for identifying market trends and potential reversals in BTC CME Futures.
Volume HighlightVolume Highlight
Description:
This script helps users analyze trading volume by:
1. Highlighting the highest volume bars:
• Trading sessions with volume equal to or exceeding the highest value over the last 20 periods are displayed in purple.
• Other sessions are displayed in light gray.
2. Displaying the 20-period SMA (Simple Moving Average):
• A 20-period SMA line of the volume is included to track the general trend of trading volume.
Key Features:
• Color-coded Highlights:
• Quickly identify trading sessions with significant volume spikes.
• 20-Period SMA Line:
• Observe the overall trend of trading volume.
• Intuitive Volume Bars:
• Volume bars are clearly displayed for easy interpretation.
How to Use:
1. Add the script to your chart on TradingView.
2. Look at the color of the volume bars:
• Purple: Sessions with the highest trading volume in the past 20 periods.
• Light gray: Other sessions.
3. Use the 20-period SMA line to analyze volume trends.
Purpose:
• Analyze market momentum through trading volume.
• Support trading decisions by identifying significant volume spikes.
Illustration:
• A chart showing color-coded volume bars and the 20-period SMA line.
Sharpe Ratio Indicator (180)Meant to be used on the 1D chart and on BTC.
The Sharpe Ratio Indicator (180 days) is a tool for evaluating risk-adjusted returns, designed for investors who want to assess whether BTC is overvalued, undervalued, or in a neutral state. It plots the Sharpe Ratio over the past 180 days, color-coded to indicate valuation states:
- Red: Overvalued (Sharpe Ratio > 5).
- Green: Undervalued (Sharpe Ratio < -1).
-Blue: Critically Undervalued (Sharpe Ratio <-3).
- Yellow: Neutral (between -1 and 5).
Note that you can change those values yourself in the settings of the indicator.
Strengths:
- Real-time feedback on risk-adjusted returns helps in making timely investment decisions.
- Color-coded signals (red, green, blue and yellow) provide an intuitive, visual indication of the asset's valuation.
- Flexible: Easily adjustable to different subjective valuation levels and risk-free rates.
All hail to Professor Adam and The Real World Community!
London USDEGP priceThis indicator calculates the hypothetical USDEGP price using CIB receipts price in London Stock Exchange and its price in EGX. Values are smoothed.
