[blackcat] L2 Quantitative Trading Reference█ OVERVIEW
The script " L2 Quantitative Trading Reference" calculates and plots various directional indicators based on price movements over a specified period. It primarily focuses on identifying trends, trend strength, and specific candlestick patterns such as strong bearish candles.
█ LOGICAL FRAMEWORK
The script consists of several main components:
Input Parameters:
None explicitly set; however, implicit inputs include high, low, and close prices.
Custom Functions:
count_periods: Counts occurrences of a condition within a given lookback period.
every_condition: Checks if a condition holds true for an entire lookback period.
calculate_and_plot_directional_indicators: Computes directional movement indices and determines market conditions like direction, strength, and specific candle types.
Calculations:
• The script calculates the True Range, differences between highs/lows, and computes directional movement indices.
• It then uses these indices to determine the current market direction, strength, and identifies strong bearish candles.
Plotting:
• Plots histograms representing different conditions including negative directional movement in red, positive directional movement in green, continuous strength in yellow, and strong bearish candles in aqua.
Data flows from the calculation of basic price metrics through more complex computations involving sums and comparisons before being plotted according to their respective conditions.
█ CUSTOM FUNCTIONS
count_periods:
Counts how many times a certain condition occurs within a specified number of periods.
every_condition:
Determines whether a particular condition has been met continuously throughout a specified number of periods.
calculate_and_plot_directional_indicators:
This function encompasses multiple tasks including calculating the True Range, Positive/Negative Directional Movements and Indices, determining the market direction, assessing strength via bar continuity since the last change, and identifying strong bearish candles. It returns four arrays containing directional movement, positivity status, continuous strength, and strong bearish candle occurrence respectively.
█ KEY POINTS AND TECHNIQUES
• Utilizes custom functions for modular and reusable code.
• Employs math.sum and ta.barssince for efficient computation of cumulative values and counting bars since a condition was met.
• Uses ternary operators (condition ? value_if_true : value_if_false) extensively for concise conditional assignments.
• Leverages Pine Script’s built-in mathematical functions (math.max, math.min, etc.) for robust financial metric calculations.
• Implements histogram plotting styles to visually represent distinct market states effectively.
█ EXTENDED KNOWLEDGE AND APPLICATIONS
Potential enhancements can involve adding alerts when specific conditions are met, incorporating additional technical indicators, or refining existing logic for better accuracy. This script's approach could be adapted for creating strategies that react to changes in market dynamics identified by these directional indicators. Related topics worth exploring in Pine Script include backtesting frameworks, multi-timeframe analysis, risk management techniques, and integration with external data sources.
Индикаторы и стратегии
Merry ChristmasThis indicator creates a dynamic table of holiday greetings in 40 languages, taking advantage of Pine Script v6's new variable text size feature. The messages appear with randomized colors, sizes, and positions, refreshing with each bar update to create an ever-changing festive display. Includes traditional Christmas, Hanukkah, and New Year wishes across cultures. To fellow Pine developers who continue to push the boundaries of what's possible with Pine Script - thank you and happy holidays.
TS Aggregated Median Absolute DeviationTS Aggregated Median Absolute Deviation (MAD) Indicator Explanation
Overview
The TS Aggregated Median Absolute Deviation (MAD) is a powerful indicator designed for traders looking for momentum-based strategies. By aggregating the Median Absolute Deviation (MAD) across multiple timeframes, it provides a comprehensive view of market dynamics. This indicator helps identify potential reversal points, overbought/oversold conditions, and general market trends by leveraging the concept of MAD, which measures price dispersion from the median.
Signal Generation:
Long Signal: Triggered when the price moves above the aggregated upper band
Short Signal: Triggered when the price moves below the aggregated red band
Alerts:
Real-time alerts are integrated to notify the user of long or short signals when confirmed:
Long Signal Alert: "TS MAD Flipped ⬆LONG⬆"
Short Signal Alert: "TS MAD Flipped ⬇Short⬇"
Optimization:
Adjust thresholds, MAD lengths, and multipliers for each timeframe to suit the specific asset and market conditions.
Experiment with enabling/disabling MAD components to focus on particular timeframes.
Market Movement After OpenDescription:
This script provides a detailed visualization of market movements during key trading hours: the German market opening (08:00–09:00 UTC+1) and the US market opening (15:30–16:30 UTC+1). It is designed to help traders analyze price behavior in these critical trading periods by capturing and presenting movement patterns and trends directly on the chart and in an interactive table.
Key Features:
Market Movement Analysis:
Tracks the price movement during the German market's first hour (08:00–09:00 UTC+1) and the US market's opening session (15:30–16:30 UTC+1).
Analyzes whether the price moved up or down during these intervals.
Visual Representation:
Dynamically colored price lines indicate upward (green) or downward (red) movement during the respective periods.
Labels ("DE" for Germany and "US" for the United States) mark key moments in the chart.
Historical Data Table:
Displays the past 10 trading days' movement trends in an interactive table, including:
Date: Trading date.
German Market Movement: Up (▲), Down (▼), or Neutral (-) for 08:00–09:00 UTC+1.
US Market Movement: Up (▲), Down (▼), or Neutral (-) for 15:30–16:30 UTC+1.
The table uses color coding for easy interpretation: green for upward movements, red for downward, and gray for neutral.
Real-Time Updates:
Automatically updates during live trading sessions to reflect the most recent movements.
Highlights incomplete periods (e.g., ongoing sessions) to indicate their status.
Customizable:
Suitable for intraday analysis or broader studies of market trends.
Designed to overlay directly on any price chart.
Use Case:
This script is particularly useful for traders who focus on market openings, which are often characterized by high volatility and significant price movements. By providing a clear visual representation of historical and live data, it aids in understanding and capitalizing on market trends during these critical periods.
Notes:
The script works best when the chart is set to the appropriate timezone (UTC+1 for the German market or your local equivalent).
For precise trading decisions, consider combining this script with other technical indicators or trading strategies.
Feel free to share feedback or suggest additional features to enhance the script!
VIX Spike StrategyThis script implements a trading strategy based on the Volatility Index (VIX) and its standard deviation. It aims to enter a long position when the VIX exceeds a certain number of standard deviations above its moving average, which is a signal of a volatility spike. The position is then exited after a set number of periods.
VIX Symbol (vix_symbol): The input allows the user to specify the symbol for the VIX index (typically "CBOE:VIX").
Standard Deviation Length (stddev_length): The number of periods used to calculate the standard deviation of the VIX. This can be adjusted by the user.
Standard Deviation Multiplier (stddev_multiple): This multiplier is used to determine how many standard deviations above the moving average the VIX must exceed to trigger a long entry.
Exit Periods (exit_periods): The user specifies how many periods after entering the position the strategy will exit the trade.
Strategy Logic:
Data Loading: The script loads the VIX data, both for the current timeframe and as a rescaled version for calculation purposes.
Standard Deviation Calculation: It calculates both the moving average (SMA) and the standard deviation of the VIX over the specified period (stddev_length).
Entry Condition: A long position is entered when the VIX exceeds the moving average by a specified multiple of its standard deviation (calculated as vix_mean + stddev_multiple * vix_stddev).
Exit Condition: After the position is entered, it will be closed after the user-defined number of periods (exit_periods).
Visualization:
The VIX is plotted in blue.
The moving average of the VIX is plotted in orange.
The threshold for the VIX, which is the moving average plus the standard deviation multiplier, is plotted in red.
The background turns green when the entry condition is met, providing a visual cue.
Sources:
The VIX is often used as a measure of market volatility, with high values indicating increased uncertainty in the market.
Standard deviation is a statistical measure of the variability or dispersion of a set of data points. In financial markets, it is used to measure the volatility of asset prices.
References:
Bollerslev, T. (1986). "Generalized Autoregressive Conditional Heteroskedasticity." Journal of Econometrics.
Black, F., & Scholes, M. (1973). "The Pricing of Options and Corporate Liabilities." Journal of Political Economy.
ATR Multi-Timeframe (Trend Direction + Current Levels) Indicator Name
ATR Multi-Timeframe (Trend Direction + Current Levels)
Description
This indicator helps you visualize support and resistance levels based on the Average True Range (ATR) and track the current trend direction across multiple timeframes (daily, weekly, and monthly). It is a valuable tool for traders looking to enhance decision-making and market volatility analysis.
Key Features
Multi-Timeframe ATR Analysis:
Calculates the Average True Range (ATR) and True Range (TR) for daily, weekly, and monthly timeframes.
Trend Direction Indicators:
Displays trend direction using arrows (▲ for uptrend, ▼ for downtrend) with color-coded labels (green for uptrend, red for downtrend).
Support and Resistance Levels:
Dynamically calculates trend levels (Open ± ATR) and opposite levels for each timeframe.
Persistent lines extend these levels into the future for better visualization.
Customizable Settings:
Toggle visibility of daily, weekly, and monthly levels.
Adjust line width and colors for each timeframe.
Summary Table:
Displays a compact table showing ATR percentages, TR percentages, and trend direction for all timeframes.
Why Use This Indicator?
Quickly identify key support and resistance levels across different timeframes.
Understand market volatility through ATR-based levels.
Spot trends and reversals with easy-to-read visual elements.
How to Use:
Add the indicator to your chart.
Enable or disable specific timeframes (Daily, Weekly, Monthly) in the settings.
Adjust line styles and colors to match your preferences.
Use the displayed levels to plan entry/exit points or manage risk.
This indicator is perfect for both swing and intraday traders who want a clear and dynamic view of volatility and trend across multiple timeframes.
Directional Volume IndexDirectional Volume Index (DVI) (buying/selling pressure)
This index is adapted from the Directional Movement Index (DMI), but based on volume instead of price movements. The idea is to detect building directional volume indicating a growing amount of orders that will eventually cause the price to follow. (DVI is not displayed by default)
The rough algorithm for the Positive Directional Volume Index (green bar):
calculate the delta to the previous green bar's volume
if the delta is positive (growing buying pressure) add it to an SMA, else add 0 (also for red bars)
divide these average deltas by the average volume
the result is the Positive Directional Volume Index (DVI+) (vice versa for DVI-)
Differential Directional Volume Index (DDVI) (relative pressure)
Creating the difference of both Directional Volume Indexes (DVI+ - DVI-) creates the Differential Directional Volume Index (DDVI) with rising values indicating a growing buying pressure, falling values a growing selling pressure. (DDVI is displayed by default, smoothed by a custom moving average)
Average Directional Volume Index (ADVX) (pressure strength)
Putting the relative pressure (DDVI) in relation to the total pressure (DVI+ + DVI-) we can determine the strength and duration of the currently building volume change / trend. For the DMI/ADX usually 20 is an indicator for a strong trend, values above 50 suggesting exhaustion and approaching reversals. (ADVX is not displayed by default, smoothed by a custom moving average)
Divergences of the Differential Directional Volume Index (DDVI) (imbalances)
By detecting divergences we can detect situations where e.g. bullish volume starts to build while price is in a downtrend, suggesting that there is growing buying pressure indicating an imminent bullish pullback/order block or reversal. (strong and hidden divergences are displayed by default)
Divergences Overview:
strong bull: higher lows on volume, lower lows on price
medium bull: higher lows on volume, equal lows on price
weak bull: equal lows on volume, lower lows on price
hidden bull: lower lows on volume, higher lows on price
strong bear: lower highs on volume, higher highs on price
medium bear: lower highs on volume, equal highs on price
weak bear: equal highs on volume, higher highs on price
hidden bear: higher highs on volume, lower highs on price
DDVI Bands (dynamic overbought/oversold levels)
Using Bollinger Bands with DDVI as source we receive an averaged relative pressure with stdev band offsets. This can be used as dynamic overbought/oversold levels indicating reversals on sharp crossovers.
Alerts
As of now there are no alerts built in, but all internal data is exposed via plot and plotshape functions, so it can be used for custom crossover conditions in the alert dialog. This is still a personal research project, so if you find good setups, please let me know.
Vertical Lines OverlayVertical Lines Overlay with Custom Time Inputs
This script allows users to draw vertical lines on their charts at specific times of the day, providing a customizable tool for marking key events, session changes, or any other time-based analysis.
Features:
Customizable Time Inputs: Set up to 6 distinct times (hours and minutes) to draw vertical lines.
Line Style Options: Choose between solid, dotted, or dashed line styles for each line.
Line Width Control: Adjust the thickness of each line individually.
Color Selection: Assign unique colors to each vertical line for better visibility and organization.
Dynamic Time Offsets: Adjust line positions with predefined time offsets, ensuring compatibility across different trading instruments and time zones.
Automatic Line Drawing: Lines are plotted automatically at the specified times if the conditions are met.
How to Use:
Open the settings panel by clicking the gear icon.
Enable or disable each line by toggling the respective checkboxes.
Set the desired time for each line using the hour and minute inputs.
Customize line styles, widths, and colors for each line.
Optionally, apply a time offset based on your trading instrument or preference.
IU open equal to high/low strategyIU open equal to high/low strategy:
The "IU Open Equal to High/Low Strategy" is designed to identify and trade specific market conditions where the day's first price action shows a strong directional bias. This strategy automatically enters trades based on the relationship between the market's open price and its first high or low of the day.
Entry Conditions:
1. Long Entry: A long position is initiated when the first open price of the session equals the day's first low. This signals a potential upward move.
2. Short Entry: A short position is initiated when the first open price of the session equals the day's first high. This signals a potential downward move.
Exit Conditions:
1. Stop Loss (SL): For both long and short trades, the stop loss is calculated based on the low or high of the candle where the position was entered.
2. Take Profit (TP): The take profit is set using a Risk-to-Reward (RTR) ratio, which is customizable by the user. The TP is calculated relative to the entry price and the distance between the entry and the stop loss.
Additional Features:
- Plots are used to visualize the entry price, stop loss, and take profit levels directly on the chart, providing clear and actionable insights.
- Labels are displayed to indicate the occurrence of the "Open == Low" or "Open == High" conditions for easier identification of potential trade setups.
- A dynamic fill highlights the areas between the entry price and the stop loss or take profit, offering a clear visual representation of the trade's risk and reward zones.
This strategy is designed for traders looking to capitalize on directional momentum at the start of the trading session. It is customizable, allowing users to set their desired Risk-to-Reward ratio and tailor the strategy to fit their trading style.
Fair Value Gap [by Oberlunar]Fair Value Gap
This indicator is designed to identify and display Fair Value Gaps (FVG) on the price chart. Fair Value Gaps are areas between candles where the price lacks continuity, leaving a "gap" that can serve as a reference point for price retracements. These zones are often considered important by traders as they represent market imbalances that tend to be "mitigated" (i.e., filled or tested) over time.
Purpose of Publication
This indicator addresses a common gap in FVG indicators. Most existing FVG indicators do not visually distinguish between mitigated (touched) FVGs and those that remain intact. With this indicator:
Mitigated FVGs are clearly displayed with distinct colors, allowing traders to identify which zones have been partially or fully filled by the price.
Unmitigated FVGs remain prominent, representing potential points of interest.
Key Features
Identification of Fair Value Gaps:
A Bullish FVG (upward gap) forms when the high of the three previous candles (candle -3) is lower than the low of the next candle (candle -1).
A Bearish FVG (downward gap) forms when the low of the three previous candles (candle -3) is higher than the high of the next candle (candle -1).
Dynamic Coloring:
Unmitigated FVGs are highlighted with specific colors: green for Bullish and red for Bearish gaps.
When an FVG is "touched" by the price (i.e., mitigated), the color changes:
Yellow-green for mitigated Bullish FVGs.
Purple for mitigated Bearish FVGs.
Handling Mitigated FVGs:
When an FVG is touched by the price, it is visually updated with a different color.
An option can be enabled to "shrink" the mitigated zone, adjusting the box to reflect the remaining untested portion of the gap.
Customization:
Configure the maximum number of FVGs to display on the chart.
Set specific colors for mitigated and unmitigated FVGs.
Choose whether to automatically shrink mitigated zones.
How to Identify Support and Resistance Levels
Support:
Bullish FVGs represent potential support levels, as they indicate areas where the price might return to seek liquidity or fill the imbalance.
An FVG that is repeatedly touched without being fully filled becomes a significant support zone.
Resistance:
Bearish FVGs represent potential resistance levels, indicating zones where the price might stall or reverse direction.
Why a Repeatedly Mitigated FVG is Significant
When an FVG is touched or mitigated multiple times, it means the market recognizes that area as significant. This can happen for several reasons:
Accumulation or Distribution: Institutional traders may use these zones to accumulate or distribute positions without causing excessive market movement.
Presence of Liquidity: FVGs often represent areas with pending orders (stop-losses, limit orders), and the price revisits these zones to seek liquidity.
Market Equilibrium: When an FVG is repeatedly filled, it indicates the market's attempt to balance a demand-supply imbalance. This makes the zone an important level to monitor for potential breakouts or reversals.
Divine Christmas Tree [Daveatt]🎄 Divine Christmas Tree - Because Even Your Charts Deserve Holiday FOMO! 🎅
Ever felt like your trading charts were missing that special holiday spirit? Tired of staring at boring candlesticks while everyone else is decorating their houses? Well, hold onto your eggnog because this indicator is about to turn your TradingView into a festive party! 🎉
Introducing the Divine Christmas Tree - the only technical indicator that makes your losses look festive! This isn't your grandmother's Christmas tree... it's a high-tech, market-aware celebration that would make Wall Street jealous.
🌟 What's Inside This Gift Box:
- A tree that changes color based on price action (because even Christmas trees need to respect the 200 SMA!)
- Ornaments that dance around like your portfolio after a Fed announcement
- A Santa who's definitely not checking if your trades were naughty or nice
- Presents under the tree (sorry, they don't contain trading tips)
- Random ornament placement that's more unpredictable than crypto prices
The best part? The ornaments refresh constantly, giving you something fun to watch while you're waiting for that breakout that'll never come! 😅
WARNING: This indicator may cause:
- Uncontrollable holiday cheer
- Sudden urges to buy Santa Coin
- Confusion among serious traders
- Desperate attempts to explain to your spouse why you're watching a Christmas tree on your trading screen
Perfect for:
- Traders who need emotional support during December
- Anyone who wants to pretend they're working while actually watching Christmas decorations
- People who believe Santa Claus is the ultimate swing trader
Remember: Just because your portfolio is in red doesn't mean your Christmas tree has to be! 🎄
Not financial advice, but definitely festive advice! 🎅
Enhanced Effort vs Result Analysis V.2How to Use in Trading
A. Confirm Breakouts
Check if the Effort-Result Ratio or Z-Score spikes above the Upper Band or Z > +2:
Suggests a strong, efficient price move.
Supports breakout continuation.
B. Identify Reversal or Exhaustion
Look for Effort-Result Ratio or Z-Score dropping below the Lower Band or Z < -2:
Indicates high effort but low price movement (inefficiency).
Often signals potential trend reversal or consolidation.
C. Assess Efficiency of Trends
Use Relative Efficiency Index (REI):
REI near 1 during a trend → Confirms strength (efficient movement).
REI near 0 → Weak or inefficient movement, likely signaling exhaustion.
D. Evaluate Volume-Price Relationship
Monitor the Volume-Price Correlation:
Positive correlation (+1): Confirms price is driven by volume.
Negative correlation (-1): Indicates divergence; price moves independently of volume (potential warning signal).
3. Example Scenarios
Scenario 1: Breakout Confirmation
Effort-Result Ratio spikes above the Upper Band.
Z-Score exceeds +2.
REI approaches 1.
Volume-Price Correlation is positive (near +1).
Action: Strong breakout confirmation → Trend continuation likely.
Scenario 2: Reversal or Exhaustion
Effort-Result Ratio drops below the Lower Band.
Z-Score is below -2.
REI approaches 0.
Volume-Price Correlation weakens or turns negative.
Action: Signals trend exhaustion → Watch for reversal or consolidation.
Scenario 3: Range-Bound Market
Effort-Result Ratio stays within the Bollinger Bands.
Z-Score remains between -1 and +1.
REI fluctuates around 0.5 (neutral efficiency).
Volume-Price Correlation hovers near 0.
Action: Normal conditions → Look for breakout signals before acting.
*IMPORTANT*
There is a problem with the overlay ... How to fix some of it
The Standard Deviation bands dont work while the other variable activated so Id suggest deselecting them. The fix for this is to make sure you have the background selected and by doing this it will highlight on the chart ( you may need to increase the opacity ) when the bands ( Second standard deviation) are touched.
- Also you can use them all at once if you can but you do not need to
TearRepresentative's Rule-Based Dip Buying Strategy Rule-Based Dip Buying Strategy Indicator
This TradingView indicator, inspired by TearRepresentative [ , is a refined tool designed to assist traders in implementing a rule-based dip buying strategy. The indicator automates the identification of optimal buy and sell points, helping traders stay disciplined and minimize emotional biases. It is tailored to index trading, specifically leveraged ETFs like SPXL, to capture opportunities in market pullbacks and recoveries.
Key Features
Dynamic Buy Levels:
Tracks the local high over a customizable lookback period and calculates three buy levels based on percentage drops from the high:
Buy Level 1: First entry point (e.g., 15% drop).
Buy Level 2: Second entry point (e.g., additional 10% drop).
Buy Level 3: Third entry point (e.g., additional 7% drop).
Average Price Tracking:
Dynamically calculates the average price for entered positions when multiple buy levels are triggered.
Sell Level:
Computes a take-profit level (e.g., 20% above the average price) to automate profit-taking when the market rebounds.
Signal Visualization:
Buy Signals: Displayed as green triangles at each buy level.
Sell Signals: Displayed as red triangles at the sell level.
Alerts:
Configurable alerts notify traders when buy or sell signals are triggered, ensuring no opportunity is missed.
Visual Aids:
Semi-transparent and dynamic lines represent buy and sell levels for clear visualization.
Labels provide additional clarity for active levels, helping traders quickly identify actionable signals.
How It Works
The indicator analyzes market movements to identify dips based on predefined thresholds.
Buy signals are triggered when the market price reaches specified levels below the local high.
Once a position is taken, the indicator dynamically adjusts the average entry price and calculates the corresponding sell level.
A sell signal is generated when the market price rises above the calculated take-profit level.
Why Use This Indicator?
Discipline: Automates decision-making, removing emotional factors from trading.
Clarity: Provides clear entry and exit points to simplify complex market dynamics.
Versatility: Suitable for all market conditions, especially during pullbacks and rebounds.
Customization: Allows traders to tailor parameters to their preferred trading style and risk tolerance.
Acknowledgment
This indicator is based on the strategy and insights provided by TearRepresentative, whose expertise in rule-based trading has inspired countless traders. TearRepresentative's approach emphasizes simplicity, reliability, and consistency, offering a robust framework for long-term success.
Market Flow Volatility Oscillator (AiBitcoinTrend)The Market Flow Volatility Oscillator (AiBitcoinTrend) is a cutting-edge technical analysis tool designed to evaluate and classify market volatility regimes. By leveraging Gaussian filtering and clustering techniques, this indicator provides traders with clear insights into periods of high and low volatility, helping them adapt their strategies to evolving market conditions. Built for precision and clarity, it combines advanced mathematical models with intuitive visual feedback to identify trends and volatility shifts effectively.
👽 How the Indicator Works
👾 Volatility Classification with Gaussian Filtering
The indicator detects volatility levels by applying Gaussian filters to the price series. Gaussian filters smooth out noise while preserving significant price movements. Traders can adjust the smoothing levels using sigma parameters, enabling greater flexibility:
Low Sigma: Emphasizes short-term volatility.
High Sigma: Captures broader trends with reduced sensitivity to small fluctuations.
👾 Clustering Algorithm for Regime Detection
The core of this indicator is its clustering model, which classifies market conditions into two distinct regimes:
Low Volatility Regime: Calm periods with reduced market activity.
High Volatility Regime: Intense periods with heightened price movements.
The clustering process works as follows:
A rolling window of data is analyzed to calculate the standard deviation of price returns.
Two cluster centers are initialized using the 25th and 75th percentiles of the data distribution.
Each price volatility value is assigned to the nearest cluster based on its distance to the centers.
The cluster centers are refined iteratively, providing an accurate and adaptive classification.
👾 Oscillator Generation with Slope R-Values
The indicator computes Gaussian filter slopes to generate oscillators that visualize trends:
Oscillator Low: Captures low-frequency market behavior.
Oscillator High: Tracks high-frequency, faster-changing trends.
The slope is measured using the R-value of the linear regression fit, scaled and adjusted for easier interpretation.
👽 Applications
👾 Trend Trading
When the oscillator rises above 0.5, it signals potential bullish momentum, while dips below 0.5 suggest bearish sentiment.
👾 Pullback Detection
When the oscillator peaks, especially in overbought or oversold zones, provide early warnings of potential reversals.
👽 Indicator Settings
👾 Oscillator Settings
Sigma Low/High: Controls the smoothness of the oscillators.
Smaller Values: React faster to price changes but introduce more noise.
Larger Values: Provide smoother signals with longer-term insights.
👾 Window Size and Refit Interval
Window Size: Defines the rolling period for cluster and volatility calculations.
Shorter windows: adapt faster to market changes.
Longer windows: produce stable, reliable classifications.
Disclaimer: This information is for entertainment purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
German Market Opening UTC+1Description:
This script highlights the opening time of the German stock market (08:00 UTC+1) on a TradingView chart. It is designed to help traders quickly identify market openings and analyze price movements during this key trading period.
Key Features:
Market Opening Identification:
Automatically detects the exact moment the German stock market opens each day (08:00 UTC+1).
Marks the opening with a vertical line spanning the entire chart and a label for visual clarity.
Custom Indicators:
A blue line is drawn from the lowest to the highest price of the opening candle, extending across the chart to visually indicate the start of the trading day.
A labeled marker reading "DE-Opening" is placed at the top of the opening candle for additional clarity.
Ease of Use:
Simple overlay indicator that works seamlessly on any timeframe chart.
Helps traders focus on key opening price action.
Use Case:
This script is particularly useful for day traders and scalpers who want to identify and analyze the price behavior around the opening of the German stock market. It provides a visual cue to help traders develop strategies or make informed decisions during this active trading period.
Note:
Ensure your chart’s timezone is set to match UTC+1 or appropriately adjust for your location to ensure accurate time alignment.
If you have questions or suggestions, feel free to provide feedback!
EMA Squeeze RythmHere's a description of this indicator and its purpose:
This indicator is based on the concept of price consolidation and volatility contraction using multiple Exponential Moving Averages (EMAs). It primarily looks for "squeeze" conditions where the EMAs converge, indicating potential market consolidation and subsequent breakout opportunities.
Key Features:
1. Uses 8 EMAs (20-55 period) to measure price compression
2. Measures the distance between fastest (20) and slowest (55) EMAs in ATR units
3. Identifies four distinct states:
- PRE-SQZE: Initial convergence of EMAs
- SQZE: Tighter convergence
- EXT-SQZE: Extreme convergence (highest probability of breakout)
- RELEASE: EMAs begin to expand (potential breakout in progress)
Best Used For:
- Identifying potential breakout setups
- Finding periods of low volatility before explosive moves
- Confirming trend strength using higher timeframe analysis
- Trading mean reversion strategies during squeeze states
- Catching momentum moves during release states
The indicator works well on any timeframe but is particularly effective on 15M to 4H charts for most liquid markets. It includes higher timeframe analysis to help confirm the broader market context.
Milvetti_TraderPost_LibraryLibrary "Milvetti_TraderPost_Library"
This library has methods that provide practical signal transmission for traderpost.Developed By Milvetti
cancelOrders(symbol)
This method generates a signal in JSON format that cancels all orders for the specified pair. (If you want to cancel stop loss and takeprofit orders together, use the “exitOrder” method.
Parameters:
symbol (string)
exitOrders(symbol)
This method generates a signal in JSON format that close all orders for the specified pair.
Parameters:
symbol (string)
createOrder(ticker, positionType, orderType, entryPrice, signalPrice, qtyType, qty, stopLoss, stopType, stopValue, takeProfit, profitType, profitValue, timeInForce)
This function is designed to send buy or sell orders to traderpost. It can create customized orders by flexibly specifying parameters such as order type, position type, entry price, quantity calculation method, stop-loss, and take-profit. The purpose of the function is to consolidate all necessary details for opening a position into a single structure and present it as a structured JSON output. This format can be sent to trading platforms via webhooks.
Parameters:
ticker (string) : The ticker symbol of the instrument. Default value is the current chart's ticker (syminfo.ticker).
positionType (string) : Determines the type of order (e.g., "long" or "buy" for buying and "short" or "sell" for selling).
orderType (string) : Defines the order type for execution. Options: "market", "limit", "stop". Default is "market"
entryPrice (float) : The price level for entry orders. Only applicable for limit or stop orders. Default is 0 (market orders ignore this).
signalPrice (float) : Optional. Only necessary when using relative take profit or stop losses, and the broker does not support fetching quotes to perform the calculation. Default is 0
qtyType (string) : Determines how the order quantity is calculated. Options: "fixed_quantity", "dollar_amount", "percent_of_equity", "percent_of_position".
qty (float) : Quantity value. Can represent units of shares/contracts or a dollar amount, depending on qtyType.
stopLoss (bool) : Enable or disable stop-loss functionality. Set to `true` to activate.
stopType (string) : Specifies the stop-loss calculation type. Options: percent, "amount", "stopPrice", "trailPercent", "trailAmount". Default is "stopPrice"
stopValue (float) : Stop-loss value based on stopType. Can be a percentage, dollar amount, or a specific stop price. Default is "stopPrice"
takeProfit (bool) : Enable or disable take-profit functionality. Set to `true` to activate.
profitType (string) : Specifies the take-profit calculation type. Options: "percent", "amount", "limitPrice". Default is "limitPrice"
profitValue (float) : Take-profit value based on profitType. Can be a percentage, dollar amount, or a specific limit price. Default is 0
timeInForce (string) : The time in force for your order. Options: day, gtc, opg, cls, ioc and fok
Returns: Return result in Json format.
addTsl(symbol, stopType, stopValue, price)
This method adds trailing stop loss to the current position. “Price” is the trailing stop loss starting level. You can leave price blank if you want it to start immediately
Parameters:
symbol (string)
stopType (string) : Specifies the trailing stoploss calculation type. Options: "trailPercent", "trailAmount".
stopValue (float) : Stop-loss value based on stopType. Can be a percentage, dollar amount.
price (float) : The trailing stop loss starting level. You can leave price blank if you want it to start immediately. Default is current price.
Real-Time HTF Volume Footprint [BigBeluga]Real-time HTF Volume Footprint Profile is designed to provide a comprehensive view of higher timeframe volume profiles on your current chart. It overlays critical volume information from larger timeframes (like daily, weekly, or monthly) onto lower timeframe charts, helping you spot significant levels where volume is concentrated, acting as potential support or resistance.
🔵 Key Features:
HTF High and Low Zones: The indicator highlights the high and low of the chosen higher timeframe with clear zones, marking them with boxes. These zones help you see the broader market structure at a glance.
Volume Profile within HTF Range: Each higher timeframe range displays a volume profile, showing the distribution of volume at each price level. The most-traded price is highlighted in blue, known as the Point of Control (POC), indicating the price level with the highest activity.
Dynamic POC Option: Activate Dynamic POC to observe how the Point of Control shifts over time, giving insight into changing market interests and potential price direction.
Timeframe Flexibility: Select from daily, weekly, and monthly ranges (and more) to overlay their footprint profiles on your lower timeframe chart. This helps you tailor the indicator to the trading horizon that suits your strategy.
Info Table: Table shows a traders which timeframe is selected with last high and low of the selected timeframe
Visual Clarity with Custom Colors: The indicator uses subtle fills and distinct colors to ensure volume profile data integrates seamlessly into your chart without overwhelming other indicators or price data.
🔵 When to Use:
The HTF Volume Footprint Profile is essential for traders who want to bridge the gap between high-timeframe and intraday analysis. By visualizing HTF volume distribution on lower timeframes, this tool helps you:
Spot potential liquidity zones where price might react.
Identify support and resistance levels within HTF ranges.
Monitor PoC shifts that indicate changes in market behavior.
Track how current price aligns with significant volume clusters, providing a clear edge for volume-based strategies.
This indicator empowers traders to analyze lower timeframes with the context of higher timeframe volume profiles, providing a solid basis for identifying critical support and resistance levels shaped by large volume clusters. Whether you’re looking to spot liquidity zones or align your trades with broader market trends, HTF Volume Footprint Profile equips you with a strategic view.
tacLibrary "tac"
Customised techninal analysis functions
sar(start, inc, max)
returns parabolic sar with lagging value
Parameters:
start (float) : float: Start
inc (float) : float: Increment
max (float) : float: Maximum
Returns: Actual sar value and lagging sar value
FuTech : IPO Lock-in Ends FuTech: Lock-in Ends - First ever unique Indicator on the TradingView platform
Hello Everyone !
Introducing the first-ever unique indicator on the TradingView platform to track the lock-in period expiry dates for IPOs.
The FuTech Lock-in Ends Indicator is specifically designed to assist traders and investors in identifying the key dates when lock-in periods for IPO shares come to an end.
This provides an edge in preparing for potential market movements driven by buying or selling pressures associated with significant share volumes.
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Key Features:
1. Tracks Multiple Lock-in Periods:
- Identifies dates when the 30 days, 90 days, 6 months, and 18 months lock-in periods for IPO shares expire.
- Helps traders anticipate potential market action driven by share releases.
2. IPO Lock-in Ends dates as per Compliance with SEBI Guidelines:
- SEBI (Securities and Exchange Board of India) mandates lock-in periods for IPO shares based on investor categories:
- A) Promoters:
- Lock-in period reduced to 18 months for up to 20% of post-issue paid-up capital (previously 3 years).
- For shareholding exceeding 20%, the lock-in period is further reduced to 6 months (previously 1 year).
- B) Anchor Investors:
- 50% of allotted shares: Lock-in period of 90 days from the date of allotment.
- Remaining 50% of shares: Lock-in period of 30 days from the date of allotment.
- C) Non-promoters:
- Lock-in period reduced to 6 months (previously 1 year).
After these lock-in periods end, investors may buy / sell their shares, which can result in significant market activity.
3. Visual Indicator on Charts:
- The indicator draws vertical lines on the TradingView chart at the respective lock-in expiry dates.
- Alerts users in advance about potential market activity due to the release of locked shares.
- Traders can use these alerts to prepare for positions or adjust their existing holdings accordingly.
4. Customizable Settings:
- Users can modify the color of the labels and width of the lines to suit their preferences and enhance chart visibility.
5. User-defined Allotment Dates:
- If the allotment date is known, users can input this information directly. The indicator will then calculate the lock-in period dates based on the provided allotment date, ensuring precise results.
- If no allotment date is entered, the default calculation assumes the allotment date to be three trading days prior to the listing date .
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Important Notes:
- Allotment Date Calculation:
- In the absence of user-defined allotment dates, the indicator estimates the allotment date as three trading days prior to the listing date .
- This approximation may deviate by one to two days from the actual event for certain IPOs.
- Proactive Alerts:
- Most dates are intentionally marked 1-2 days in advance to give traders sufficient time to act, whether for taking new positions or squaring off existing ones to avoid unfavorable losses.
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The FuTech Lock-in Ends Indicator is a must-have tool for IPO traders and investors looking to stay ahead of market movements. Use it to track key dates and plan your trading strategy effectively with FuTech : Chart is Art.
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Thank you !
Jai Swaminarayan Dasna Das !
He Hari ! Bas Ek Tu Raji Tha !
M2 Global Liquidity Index - Time-Shift - KHM2 Global Liquidity Index - Enhanced Time-Shift Indicator
Based on original work by @Mik3Christ3ns3n
Enhanced with advanced time-shift functionality and overlay capabilities.
Description:
This indicator tracks and visualizes the global M2 money supply from five major economies, allowing precise time-shift analysis for correlation studies. All values are converted to USD in real-time and aggregated to provide a comprehensive view of global liquidity conditions.
Key Features:
- Advanced time-shift capability (-1000 to +1000 days) with shape preservation
- Real-time currency conversion to USD
- Overlay functionality with main chart
- Right-scale display for better comparison
- Full historical data preservation during time shifts
Components Tracked:
- US M2 Money Supply (USM2)
- China M2 Money Supply (CNM2)
- Eurozone M2 Money Supply (EUM2)
- Japan M2 Money Supply (JPM2)
- UK M2 Money Supply (GBM2)
Primary Use Cases:
1. Correlation Analysis:
- Compare global liquidity trends with asset prices
- Identify leading/lagging relationships through time-shift
- Study monetary policy impacts across different time periods
2. Market Analysis:
- Track global liquidity conditions
- Monitor central bank policy effects
- Identify potential macro trend changes
Settings:
- Time Offset: Shift the M2 data backwards or forwards (-1000 to +1000 days)
- Positive values: Move M2 data into the future
- Negative values: Move M2 data into the past
- Zero: Current alignment
Technical Notes:
- Data updates follow central banks' M2 publication schedules
- All currency conversions performed in real-time
- Historical shape preservation during time-shifts
- Enhanced data consistency through lookahead mechanism
Credits:
Original concept and base code by @Mik3Christ3ns3n
Enhanced version includes advanced time-shift capabilities and shape preservation
License:
Pine Script™ code is subject to the terms of the Mozilla Public License 2.0
#M2 #GlobalLiquidity #MoneySupply #Macro #CentralBanks #MonetaryPolicy #TimeShift #Correlation #TradingIndicator #MacroAnalysis #LiquidityAnalysis #MarketIndicator
MFS-3 Bars Pattern Strategy3 Bar Pattern Strategy
Detects an Ignite Candle followed by a Pullback Candle followed by a Confirmation Candle.
A Box will be drawn around the setup and three arrows will identify I, P, C (Ignite, Pullback, Confirmation) the setup.
The strategy will calculate a Stop Loss below the Low Price of the Ignite candle and a Take Profit at 2 times the Stop Loss giving a Risk to Reward Ratio of 1:2.
Extra conditions are included to reduce false triggers:
- A down trend must be detected using 3 SMA (Long, Medium, Short) that should be aligned from Long to Short one above the other.
- The Ignite Candle's body must be BELOW the Short SMA
An input form is available to adjust some strategy parameters.
Performance Note
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Trading conditions are very strict, so most of the time, no signals will be detected in the Strategy window.
This strategy should only be one of many strategies used for trade setups.
Hope you enjoy it.
Intrabar DistributionThe Intrabar Distribution publication is an extension of the Intrabar BoxPlot publication. Besides a boxplot, it showcases price and volume distribution using intrabar Lower Timeframe (LTF) values (close) which can be displayed on the chart or in a separate pane.
🔶 USAGE
Intrabar Distribution has several features, users can display:
Recent candle for comparison against the other features
Boxplot of recent candle
Price distribution (optionally displayed as a curve)
Volume distribution
🔹 Recent candle / Boxplot
The middle 50% intrabar close values (Interquartile range, or IQR) are shown as a box, where the upper limit is percentile 75 (p75), and the lower limit is percentile 25 (p25). The dashed lines show the addition/subtraction of 1.5*IQR. All values out of range are considered outliers. They are displayed as white dots within the IQR*1.5 range or white X's when beyond the IQR*3 range (extreme outliers).
By showing the middle 50% intrabar values through a box, we can more easily see where the intrabar activity is mainly situated.
Note in the example above an upward-directed candle with a negative volume delta, displayed as a red box and dot (see further).
As seen in the following example, compared against the recent candle (grey candle at the left), most of the intrabar activity lies just beneath the opening price.
Note that results will be more accurate when more data is available, which can be done by making the difference between the current timeframe and the intrabar timeframe large enough.
🔹 Price / Volume distribution
The price and volume distribution can be helpful for highlighting areas of interest.
Here, we can see two areas where intrabar closing prices are mainly positioned.
The following example shows three successive bars. The recent bar is displayed on the left side, together with the volume distribution. The boxplot and price distribution are displayed on the right.
You can see the difference between volume and price distribution.
At the first bar, most price activity is at the top, while most of the volume was generated at the bottom; in other words, the price got briefly in the bottom region, with high volume before it returned.
At the second bar, price and volume are relatively equally distributed, which fits for indecisiveness.
The third bar shows more volume at a higher region; most intrabar closing prices are above the closing price.
Following example shows the same with 'Curve shaped' enabled (Settings: 'Price Distribution')
When 'Curve shaped' is enabled, lines/labels are shown with the standard deviation distance.
A blue 'guide line' can be enabled for easier interpretation.
🔹 Volume Delta
When there is a discrepancy between the delta volume and direction of the candle, this will be displayed as follows:
Red candle: when the sum of the volume of green intrabars is higher than the sum of the volume of red intrabars, the 'mean dot' will be coloured green.
Green candle: when the sum of the volume of red intrabars is higher than the sum of the volume of green intrabars, the 'mean dot' will be coloured red.
🔶 DETAILS
The intrabar values are sorted and split in parts/sections. The number of values in each section is displayed as a white line
The same principle applies to volume distribution, where the sum of volume per section is displayed as an orange area.
The boxplot displays several price values
Last close price
Highest / lowest intrabar close price
Median
p25 / p75
🔹 LTF settings
When 'Auto' is enabled (Settings, LTF), the LTF will be the nearest possible x times smaller TF than the current TF. When 'Premium' is disabled, the minimum TF will always be 1 minute to ensure TradingView plans lower than Premium don't get an error.
Examples with current Daily TF (when Premium is enabled):
500 : 3 minute LTF
1500 (default): 1 minute LTF
5000: 30 seconds LTF (1 minute if Premium is disabled)
🔶 SETTINGS
Location: Chart / Pane (when pane is opted, move the indicator to a separate pane as well)
Parts: divides the intrabar close values into parts/sections
Offset: offsets every drawing at once
Width: width of drawings, only applicable on "location: chart"
Label size: size of price labels
🔹 LTF
LTF: LTF setting
Auto + multiple: Adjusts the initial set LTF
Premium: Enable when your TradingView plan is Premium or higher
🔹 Current Bar
Display toggle + color setting
Offset: offsets only the 'Current Bar' drawing
🔹 Intrabar Boxplot
Display toggle + Colors, dependable on different circumstances.
Up: Price goes up, with more bullish than bearish intrabar volume.
Up-: Price goes up, with more bearish than bullish intrabar volume.
Down: Price goes down, with more bearish than bullish intrabar volume.
Down+: Price goes down, with more bullish than bearish intrabar volume.
Offset: offsets only the 'Boxplot' drawing
🔹 Price distribution
Display toggle + Color.
Curve Shaped
Guide Lines: Display 2 blue lines
Display Price: Show price of 'x' standard deviation
Offset: offsets only the 'Price distribution' drawing
Label size: size of price labels (standard deviation)
🔹 Volume distribution
Display toggle + Color.
Offset: offsets only the 'Volume distribution' drawing
🔹 Table
Show TF: Show intrabar Timeframe.
Textcolor
Size Table: Text Size
