Rise Sense Capital - RSI MACD Spot Buying IndicatorToday, I'll share a spot buying strategy shared by a member @KR陳 within the DATA Trader Alliance Alpha group. First, you need to prepare two indicators:
今天分享一個DATA交易者聯盟Alpha群組裏面的群友@KR陳分享的現貨買入策略。
首先需要準備兩個指標
RSI Indicator (Relative Strength Index) - RSI is a technical analysis tool based on price movements over a period of time to evaluate the speed and magnitude of price changes. RSI calculates the changes in price over a period to determine whether the recent trend is relatively strong (bullish) or weak (bearish).
RSI指標，(英文全名:Relative Strength Index)，中文稱為「相對強弱指標」，是一種以股價漲跌為基礎，在一段時間內的收盤價，用於評估價格變動的速度 (快慢) 與變化 (幅度) 的技術分析工具，RSI藉由計算一段期間內股價的漲跌變化，判斷最近的趨勢屬於偏強 (偏多) 還是偏弱 (偏空)。
MACD Indicator (Moving Average Convergence & Divergence) - MACD is a technical analysis tool proposed by Gerald Appel in the 1970s. It is commonly used in trading to determine trend reversals by analyzing the convergence and divergence of fast and slow lines.
MACD 指標 (Moving Average Convergence & Divergence) 中文名為平滑異同移動平均線指標，MACD 是在 1970 年代由美國人 Gerald Appel 所提出，是一項歷史悠久且經常在交易中被使用的技術分析工具，原理是利用快慢線的交錯，藉以判斷股價走勢的轉折。
In MACD analysis, the most commonly used values are 12, 26, and 9, known as MACD (12,26,9). The market often uses the MACD indicator to determine the future direction of assets and to identify entry and exit points.
在 MACD 的技術分析中，最常用的值為 12 天、26 天、9 天，也稱為 MACD (12,26,9)，市場常用 MACD 指標來判斷操作標的的後市走向，確定波段漲幅並找到進、出場點。
Strategy analysis by member KR陳:
策略解析 by群友 KR陳 ：
Condition 1: RSI value in the previous candle is below oversold zone(30).
條件1：RSI 在前一根的數值低於超賣區（30）
buycondition1 = RSI <30
Condition 2: MACD histogram changes from decreasing to increasing.
條件2：MACD柱由遞減轉遞增
buycondition2 = hist >hist and hist <hist
Strategy Effect Display:
策略效果展示：
Slight modification:
稍微修改：
I've added the ATR-MACD, developed earlier, as a filter signal alongside the classic MACD. The appearance of an upward-facing triangle indicates that the ATR MACD histogram also triggers the condition, aiming to serve as a filtering mechanism.
我在經典的macd作爲條件的同時 也加入了之前開發的ATR-MACD作爲過濾信號 出現朝上的三角圖示代表ATR MACD的柱狀圖一樣觸發條件 希望可以以此起到過濾的作用
Asset/Usage Instructions:
使用標的/使用説明
Through backtesting, it's found that it's not suitable for smaller time frames as there's a lot of noise. It's recommended to use it in assets with a long-term bullish view, focusing on time frames of 12 hours or longer such as 12H, 16H, 1D, 1W to find spot buying opportunities.
經過回測發現 并不適用與一些小級別時區 噪音會非常多，建議在一些長期看漲的標的中切入12小時以上的時區如12H，16H, 1D, 1W 中間尋找現貨買入的機會。
A few thoughts:
Overall, it's a very good indicator strategy for spot buying in the physical market. Thanks to member @KR陳 for sharing!
一些小感言 綜合來看是一個針對現貨買入非常好的指標策略，感謝群友@KR陳的分享！
Объем
RN3 Ichimoku PVSRA Scalper IndicatorThis indicator will place long (buy) and short (sell) orders using the Ichimoku Tenkan Kijun Cross strategy. When in a trade position, it will create take profit levels using Fibonacci against the highest high or lowest low of the past 2 days. You can define your own level and set your own stop loss just in case.
Senkou Span will act as your main bias.
if the price under the cloud so the bias will be bearish. You may want to focus on selling(short) on this direction.
if the price above the cloud so bias will be bullish, You may want to focus on buying(long) on this direction.
This is for scalping, but it possible to do swing.
Suggested Symbols : Forex / Crypto / Commodities
Timeframe for Entry : Less than 1D TF
Additional controls include:
PVSRA Candle
M Pivot
VWAP
B1: Yesterday High B2: Yesterday Low
C1: Today High C2: Today Low.
Here's the way you can utilize the script.
First look at the Yesterday high, and Yesteday Low.
You need to consider that would be the symbols can travel into.
If today high has broke yesteray high, there's possibly the price will can keep higher and will create new high. Likewise if today lowest broke yesterday low, there's possibly the price can keep dropping and create new low.
VWAP : You can use this to determine if the price is fair or not, the more it's trading away away the vwap this will determine if it's overbought, or oversold.
PVSRA :
using 10 Periods, it's determine the volume.
Blue(Bullish) and Pink(Bearish) the 150% more Volume from previous bar.
Green(Bullish) and Red(Bearish) the 200% more Volume from previous bar.
Smart Money Liquidity Heatmap [AlgoAlpha]🌟📈 Introducing the Smart Money Liquidity Heatmap by AlgoAlpha! 🗺️🚀
Dive into the depths of market liquidity with our innovative Pine Script™ indicator designed to illuminate the trading actions of smart money! This meticulously crafted tool provides an enhanced visualization of liquidity flow, highlighting the dynamics between smart and retail investors directly on your chart! 🌐🔍
🙌 Key Features of the Smart Money Liquidity Heatmap:
🖼️ Visual Clarity: Uses vibrant heatmap colors to represent liquidity concentrations, making it easier to spot significant trading zones.
🔧 Customizable Settings: Adjust index periods, volume flow periods, and more to tailor the heatmap to your trading strategy.
📊 Dynamic Ratios: Computes the ratio of smart money to retail trading activity, providing insights into who is driving market movements.
👓 Transparency Options: Modify color intensity for better visibility against various chart backgrounds.
🛠 How to Use the Smart Money Liquidity Heatmap:
1️⃣ Add the Indicator:
Add the indicator to favourites. Customize settings to align with your trading preferences, including periods for index calculation and volume flow.
2️⃣ Market Analysis:
Monitor the heatmap for high liquidity zones signalled by the heatmap. These are potential areas where smart money is actively engaging, providing crucial insights into market dynamics.
Basic Logic Behind the Indicator:
The Smart Money Liquidity Heatmap utilizes the Smart Money Interest Index Indicator and operates by differentiating between the trading behaviors of informed (smart money) and less-informed (retail) traders. It calculates the differences between specific volume indices—Positive Volume Index (PVI) for retail investors and Negative Volume Index (NVI) for institutional players—and their respective moving averages, highlighting these differences using the Relative Strength Index (RSI) over user-specified periods. This calculation generates a ratio that is then normalized and compared against a threshold to identify areas of high institutional trading interest, visually representing these zones on your chart as vibrant heatmaps. This enables traders to visually identify where significant trading activities among smart money are occurring, potentially signalling important buying or selling opportunities.
🎉 Elevate your trading experience with precision, insight, and clarity by integrating the Smart Money Liquidity Heatmap into your toolkit today!
Volume Flow ImbalanceVolume Flow Imbalance (VFI) Indicator
The Volume Flow Imbalance (VFI) indicator is designed to provide traders with insights into the market's buying and selling pressure by calculating the imbalance between buy and sell volumes over a user-defined lookback period. This indicator is particularly useful for identifying potential pivot points and market sentiment shifts.
How to Use :
Setup Parameters :
Lookback Period: Set the number of bars over which the imbalance is calculated. Increasing this number provides a broader view of market trends.
Lower Timeframe Data: Optionally enable this feature to analyze volume data from lower timeframes, offering a more granified view of volume flows.
Interpreting the Indicator :
The VFI outputs a value that represents the net imbalance between buying and selling volumes. Positive values indicate a predominance of buying volume, suggesting bullish conditions, while negative values suggest bearish conditions with more selling volume.
The indicator also provides dynamic threshold lines based on the standard deviation of the calculated imbalances, helping to visually identify extreme conditions where reversals might occur.
Application :
Apply the VFI to any chart to assess the balance of trade volumes in real-time.
Use the indicator in conjunction with other technical analysis tools to confirm trends or potential reversals.
Tips :
Adjust the lookback period based on the volatility and trading volume of the asset to optimize performance.
The VFI is best used in liquid markets where volume data is a reliable indicator of market activity.
By providing a clear measure of how much buying and selling is occurring relative to the past, the VFI helps traders make informed decisions based on underlying market dynamics.
DSI - Depth Strength IndexDescription:
The DSI consists of three primary components:
Mid-Term Line (MTL): Captures medium-term price movements over a 50-candle period, optimized for swift response to trend changes.
Long-Term Line (LTL): Analyzes price extremes over a longer period of 500 candles, providing a comprehensive view of long-term trends and stabilizing signals by filtering out short-term fluctuations.
Volume-adjusted RSI: Enhances the traditional Relative Strength Index (RSI) by incorporating volume data, improving the detection of bullish and bearish divergences.
Functioning:
MTL: Utilizes price extremes over 50 candles to identify medium-term trends.
LTL: Analyzes price extremes over 500 candles to identify long-term trends and stabilize signals.
Volume-adjusted RSI: Incorporates volume data to provide more accurate signals of market forces.
Application of MA: The MTL and LTL are recalculated using Moving Average to enhance signal clarity and reduce lag.
Advantages:
Increased Responsiveness and Precision: Adapts to various market conditions and enhances signal relevance for different trading strategies.
Noise Reduction: The application of MA helps clarify market trends, reducing false signals.
Visual Usage Guide:
Accelerating Trend: MTL crossing above LTL indicates increased momentum in the trend.
Trend Weakening: MTL crossing below LTL suggests the current trend is losing strength.
Reversal Trade Opportunity: MTL trending while LTL remains flat indicates potential for reversal, suggesting MTL may align with LTL soon.
Volatile Sideways Market: Conflicting directions between MTL and LTL signal a volatile, sideways market.
Crypto Liquidation Heatmap [LuxAlgo]The Crypto Liquidation Heatmap tool offers real-time insights into the liquidations of the top cryptocurrencies by market capitalization, presenting the current state of the market in a visually accessible format. Assets are sorted in descending order, with those experiencing the highest liquidation values placed at the top of the heatmap.
Additional details, such as the breakdown of long and short liquidation values and the current price of each asset, can be accessed by hovering over individual boxes.
🔶 USAGE
The crypto liquidation heatmap tool provides real-time insights into liquidations across all timeframes for the top 29 cryptocurrencies by market capitalization. The assets are visually represented in descending order, prioritizing assets with the highest liquidation values at the top of the heatmap.
Different colors are used to indicate whether long or short liquidations are dominant for each asset. Green boxes indicate that long liquidations surpass short liquidations, while red boxes indicate the opposite, with short liquidations exceeding long liquidations.
Hovering over each box provides additional details, such as the current price of the asset, the breakdown of long and short liquidation values, and the duration for the calculated liquidation values.
🔶 DETAILS
🔹Crypto Liquidation
Crypto liquidation refers to the process of forcibly closing a trader's positions in the cryptocurrency market. It occurs when a trader's margin account can no longer support their open positions due to significant losses or a lack of sufficient margin to meet the maintenance requirements. Liquidations can be categorized as either a long liquidation or a short liquidation.
A long liquidation occurs when long positions are being liquidated, typically due to a sudden drop in the price of the asset being traded. Traders who were bullish on the asset and had opened long positions will face losses as the market moves against them.
On the other hand, a short liquidation occurs when short positions are being liquidated, often triggered by a sudden spike in the price of the asset. Traders who were bearish on the asset and had opened short positions will face losses as the market moves against them.
🔹Liquidation Data
It's worth noting that liquidation data is not readily available on TradingView. However, we recognize the close correlation between liquidation data, trading volumes, and asset price movements. Therefore, this script analyzes accessible data sources, extracts necessary information, and offers an educated estimation of liquidation data. It's important to emphasize that the presented data doesn't reflect precise quantitative values of liquidations. Traders and analysts should instead focus on observing changes over time and identifying correlations between liquidation data and price movements.
🔶 SETTINGS
🔹Cryptocurrency Asset List
It is highly recommended to select instruments from the same exchange with the same currency to maintain proportional integrity among the chosen assets, as different exchanges may have varying trading volumes.
Supported currencies include USD, USDT, USDC, USDP, and USDD. Remember to use the same currency when selecting assets.
List of Crypto Assets: The default options feature the top 29 cryptocurrencies by market capitalization, currently listed on the Binance Exchange. Please note that only crypto assets are supported; any other asset type will not be processed or displayed. To maximize the utility of this tool, it is crucial to heed the warning message displayed above.
🔹Liquidation Heatmap Settings
Position: Specifies the placement of the liquidation heatmap on the chart.
Size: Determines the size of the liquidation heatmap displayed on the chart.
🔶 RELATED SCRIPTS
Liquidations-Meter
Liquidation-Estimates
Liquidation-Levels
Mxwll Liquidation Ranges - Mxwll CapitalIntroducing: Mxwll Liquidation Ranges
Mxwll Liquidation Ranges gathers data outside of TradingView to provide the highest quality, highest accuracy liquidation levels and ranges for popular crypto currencies.
Features
Real liquidation ranges and levels calculated outside of TradingView.
Real net position delta
Average leverage for long positions
Average leverage for short positions
Real number of bids for the cryptocurrency by the day
Real number of asks for the cryptocurrency by the day
Real Bid/Ask Ratio
Real Bid/Ask Delta
Real number of long market orders
Real number of short market orders
Real number of long limit orders
Real number of short limit orders
How do we obtain this data?
Using a now deprecated feature called "TradingView Pine Seeds", we are able to calculate the metrics listed above outside of TradingView and, consequently, import the data to TradingView for public use.
This means no indicators on TradingView that attempt to show liquidation levels, limit orders, net position delta, etc. can be as accurate as ours.
Why aren't other liquidation ranges indicators on TradingView as accurate as ours?
Simple: the data required to calculate liquidation levels and ranges isn't available on TradingView. No level 2 data, bids, asks, leverage information, pending limit orders, etc. This means any custom-coded indicator on TradingView attempting to use or show this information is just a guess, and is naturally inaccurate.
Mxwll Liquidation Ranges has access to all of the required data outside of TradingView, to which liquidation levels/ranges and other pertinent metrics are calculated and uploaded directly to TradingView using the Pine Seeds feature. This means that all information displayed by our indicator uses legitimate level 2 data outside of TradingView. Which means no "estimates" are required to produce this information. Consequently, unless a custom-coded indicator has access to the Pine Seeds feature and calculates liquidation levels and other level 2 data metrics outside of TradingView, then that indicator is inaccurate.
Liquidation Heatmap
The above image shows our liquidation heatmaps, which are calculated using level 2 data, in action.
Liquidation ranges are color coded. Purple/blue colored ranges indicate a lower number of net liquidations should the range be violated.
Green/yellow ranges indicate a liquidation range where the net number of liquidated positions, should the price range be violated, is substantial. Expect volatile price action around these areas and plan accordingly.
Yellow labels indicate the four highest liquidation ranges for the asset over the period.
Liquidation Levels
In addition to calculating a liquidation heatmap, Mxwll Liquidation Ranges also calculates liquidation levels by leverage. Level 2 data outside of TradingView is used.
Levels are colored coded by leverage used.
Green levels are 25x leverage liquidation areas.
Purple levels are 50x leverage liquidation areas.
Orange levels are 100x leverage liquidation areas.
Use this information to improve your trading plan and better pinpoint entries, exits, and key levels of expected volatility.
Other Metrics
Mxwll Liquidation Ranges uses level 2 data and the orderbook to calculate various metrics.
Average leverage for long positions
Average leverage for short positions
Real number of bids for the cryptocurrency by the day
Real number of asks for the cryptocurrency by the day
Real Bid/Ask Ratio
Real Bid/Ask Delta
Real number of long market orders
Real number of short market orders
Real number of long limit orders
Real number of short limit orders
How To Use
Understanding and interpreting heatmaps for predicting liquidation levels in trading can provide a significant edge. Here’s a basic guide on how to interpret these charts:
Understanding Liquidation Levels: Liquidation levels indicate where traders who are using leverage might be forced to exit their positions due to insufficient margin to cover their trades. These levels are crucial because they can trigger sudden price movements if many positions are liquidated at once.
Clusters on the Heatmap: On the heatmap, clusters of liquidation levels are represented by color-coded areas. These clusters show where significant numbers of leveraged positions are concentrated. The color intensity often indicates the density of liquidation points – darker or brighter colors suggest higher concentrations of liquidation risks.
Price Movements: By knowing where these clusters are, traders can anticipate potential price movements. For example, if a significant price drop moves the market closer to a cluster of liquidation levels, there’s an increased risk of those levels being triggered, potentially causing a sharp further drop due to cascading liquidations.
Strategic Trading: With this information, traders can strategically place their own stop losses or prepare to enter trades. Knowing where others might be forced to close their positions can help in predicting bullish or bearish movements.
Risk Management: Understanding liquidation levels helps in managing your own risk. Setting stop losses away from common liquidation points can avoid being caught in volatile price swings caused by mass liquidations.
- Mxwll Capital
Points Per Share Traded1. This is a simple measurement of what is basically Price-Change/Volume
2. The actual "price per share metric" (PPST) is shown
3. There are a few different kinds of moving averages to test
4. There is an option to show or hide the current bar data
5. There is a multiplier - if on your market it displays a number of 0.00 or a very high number you can multiply by powers of 10 if you'd like to make a detailed measurement (this doesn't change the relationship of the measurement vs 0)
This indicator makes a very simple metric to understand - how many dollars is the price moving per share traded?
... at highs the price usually moves the fastest vs amount of shares traded
... at lows it's the usually the opposite
There are many ways to use this indicator - but I am leaving it up to the user to test their own market and find a use for it
example: Sometimes price makes an new high or low yet this indicator has not yet done so, can be a sign that continuance of the trend is possible - even if at price resistance
A great compliment to AVWAPS or VWAPs or Volume/Price indicators
The chart you are analyzing MUST have volume accessible or the indicator will not work
Hopefully we can build up a good library the best settings for certain markets
Cheers!
Joe
NSE Market Breadth VolumeMarket Breadth Volume (MBV) is defined as the ratio between the count of stocks giving a volume 1.5 times greater than its 20-day SMA, and the count of stocks giving a volume 0.5 times lesser than its 20-day SMA. This breadth indicator reflects participation in the markets. A sloping upward MBV shows that money is coming into the market.
MBV was devised by Chhirag_Kedia & this is how he explains it:
When it surpasses 1+ (benchmarking), it shows a matured upswing, which in the initial stages will result in strong buying but as the time passes with such a high rating will result in an extended market with high no. of breakout failures.
The final stage is ratings above 1.5 to 2+. These in later stages will reflect extreme reading and will result in trend exhaustion.
Similarly on the bearish side, the volume will dry up as we get a shakeout or a strong red day. This reduction in participation will result in lacklustre outcome in breakouts and will subsequently dry up further, usually coming under 0.2 to show extreme dryness.
Look for a systematic pick-up in volume post 15-20 days of first shakeout. Look for days with significant pick up with positive breadth, like volume coming around 0.20 etc. jumps to 0.35 to 0.45 etc. This will suggest that participation is picking up in the market and we will see a rally soon.
FEATURES
⦿ Multi-color Mode
For the sake of visual representation, you can turn on the multi-color mode where the volume bars can have one of the 4 colors:
Dry volume (Grey): Volume ≤ 0.25
Low Volume (Orange): Volume between 0.25 & 0.5
Mid Volume (Green): Volume between 0.5 & 1
High Volume (blue): Volume > 1 → Mature upswing
⦿ Background Net Breadth
Option to display the to display the net breadth as a background color. By default, the background colors are turned off.
⦿ Moving Average
There is an option to turn on a moving average of the volume. By default, it is the 5 SMA. This shows the near-term trend, & whether the MBV is sloping upward or not.
Dependency:
The script uses the Pine Seeds service to import custom data hosted in a GitHub repository and accesses it via TradingView as the frontend. So, the number of bars appearing on charts is fully dependent on the amount of historical data available. Any error or omission, if there, is a reflection of the hosted data, & not that of TradingView.
Limitations:
Such data has some limitations, like it can only be updated at EOD (End-of-Day), & only daily-based timeframes can be applied to such data. Irrespective of the intraday changes, only the last saved value on the chart is seen. So, it's best to use this script as EOD, rather than intraday.
At the time of publication of this script, historical data was available till the year 2004.
The universe of stocks chosen for the data is all stocks with latest Close >= 1 and Market Cap > 10.
Credits:
NSE Market Breadth data is from Chhirag_Kedia , & the Pine seeds are courtesy of EquityCraze
Triple Anchored Volume Weighted Average Price [JustinPrime]This indicator provides three separate Volume Weighted Average Price (VWAP) calculations, each anchored from different key points on the chart:
High Anchored VWAP: Resets from the highest price reached since the start date.
Low Anchored VWAP: Resets from the lowest price since the start date.
Start Date VWAP: Calculated from the trading data beginning at the user-defined start date.
Features:
Selectable Timeframe: Choose from timeframes like 1 minute, 5 minutes, 15 minutes, 1 hour, daily, and weekly.
Custom Start Date: Set a specific start date for the VWAP calculations.
Source Data: Uses high, low, and close prices (HLC3) for calculations.
How to Use:
Adjust the start date to focus on significant market periods or events.
Differentiate each VWAP with unique colors for clarity.
Channels With NVI Strategy [TradeDots]The "Channels With NVI Strategy" is a trading strategy that identifies oversold market instances during a bullish trading market. Specifically, the strategy integrates two principal indicators to deliver profitable opportunities, anticipating potential uptrends.
2 MAIN COMPONENTS
1. Channel Indicators: This strategy gives users the flexibility to choose between Bollinger Band Channels or Keltner Channels. This selection can be made straight from the settings, allowing the traders to adjust the tool according to their preferences and strategies.
2. Negative Volume Indicator (NVI): An indicator that calculates today's price rate of change, but only when today's trading volume is less than the previous day's. This functionality enables users to detect potential shifts in the trading volume with time and price.
ENTRY CONDITION
First, the assets price must drop below the lower band of the channel indicator.
Second, NVI must ascend above the exponential moving average line, signifying a possible flood of 'smart money' (large institutional investors or savvy traders), indicating an imminent price rally.
EXIT CONDITION
Exit conditions can be customized based on individual trading styles and risk tolerance levels. Traders can define their ideal take profit or stop loss percentages.
Moreover, the strategy also employs an NVI-based exit policy. Specifically, if the NVI dips under the exponential moving average – suggestive of a fading trading momentum, the strategy grants an exit call.
RISK DISCLAIMER
Trading entails substantial risk, and most day traders incur losses. All content, tools, scripts, articles, and education provided by TradeDots serve purely informational and educational purposes. Past performances are not definitive predictors of future results.
Rolling Point of Control (POC) [AlgoAlpha]Enhance your trading decisions with the Rolling Point of Control (POC) Indicator designed by AlgoAlpha! This powerful tool displays a dynamic Point of Control based on volume or price profiles directly on your chart, providing a vivid depiction of dominant price levels according to historical data. 🌟📈
🚀 Key Features:
Profile Type Selection: Choose between Volume Profile and Price Profile to best suit your analysis needs.
Adjustable Lookback Period: Modify the lookback period to consider more or less historical data for your profile.
Customizable Resolution and Scale: Tailor the resolution and horizontal scale of the profile for precision and clarity.
Trend Analysis Tools: Enable trend analysis with the option to display a weighted moving average of the POC.
Color-Coded Feedback: Utilize color gradients to quickly identify bullish and bearish conditions relative to the POC.
Interactive Visuals: Dynamic rendering of profiles and alerts for crossing events enhances visual feedback and responsiveness.
Multiple Customization Options: Smooth the POC line, toggle profile and fill visibility, and choose custom colors for various elements.
🖥️ How to Use:
🛠 Add the Indicator:
Add the indicator to favorites and customize settings like profile type, lookback period, and resolution to fit your trading style.
📊 Market Analysis:
Monitor the POC line for significant price levels. Use the histogram to understand price distributions and locate major market pivots.
🔔 Alerts Setup:
Enable alerts for price crossing over or under the POC, as well as for trend changes, to stay ahead of market movements without constant chart monitoring.
🛠️ How It Works:
The Rolling POC indicator dynamically calculates the Point of Control either based on volume or price within a user-defined lookback period. It plots a histogram (profile) that highlights the level at which the most trading activity has occurred, helping to identify key support and resistance levels.
Basic Logic Overview:
- Data Compilation: Gathers high, low, and volume (if volume profile selected) data within the lookback period.
- Histogram Calculation: Divides the price range into bins (as specified by resolution), counting hits in each bin to find the most frequented price level.
- POC Identification: The price level with the highest concentration of hits (or volume) is marked as the POC.
- Trend MA (Optional): If enabled, the indicator plots a moving average of the POC for trend analysis.
By integrating the Rolling Point of Control into your charting toolkit, you can significantly enhance your market analysis and potentially increase the accuracy of your trading decisions. Whether you're day trading or looking at longer time frames, this indicator offers a detailed, customizable perspective on market dynamics. 🌍💹
[MAD] BTC ETF Volume In/OutflowThe " BTC ETF Volume In/Outflows" indicator is designed to analyze and visualize the volume data of various Bitcoin Exchange-Traded Funds (ETFs) across different exchanges. This indicator helps traders and analysts observe the inflows and outflows of trading volume in a structured and comparative manner.
Features
Multi-Ticker Support: The indicator is capable of handling volume data from multiple ETFs simultaneously, making it versatile for comparative analysis.
Volume Adjustments: Provides an option to view volume data either as the number of pieces (shares) traded or as monetary flow (value traded).
Compression Factor: Includes a volume compression factor setting that helps in emphasizing smaller volume changes or smoothing out volume spikes.
Data Calculation
Volume data is processed using a custom function that adjusts the data based on user settings for piece or monetary representation and applies a logarithmic compression factor.
This processed data is then fetched for each ticker.
Visualization
Volume data is visualized on the chart using column plots where each ETF's volume data is stacked and offset to provide a clear visual representation of in/outflows. Horizontal lines indicate the zero level for reference.
Usage Scenario
This indicator is particularly useful for traders who track multiple ETFs and need to compare their volume activities simultaneously. It provides insights into market trends, potentially indicating bullish or bearish shifts based on volume inflows and outflows across different instruments.
have fun :-)
RSI, STOCHASTIC RSI AND MFI COMBOCombining the Relative Strength Index (RSI), Stochastic RSI (StochRSI), and Money Flow Index (MFI) can provide traders with a comprehensive approach to analyze market momentum, overbought/oversold conditions, and money flow. Each indicator offers unique insights, and their combination can help confirm trading signals and filter out false signals. Let's delve into each indicator and then discuss how they can be used together:
Relative Strength Index (RSI) 14: DA BLUE LINE
The RSI is a momentum oscillator that measures the speed and change of price movements. It oscillates between 0 and 100 and is typically used to identify overbought (>70) and oversold (<30) conditions. A reading above 70 may indicate that an asset is overbought and could be due for a pullback, while a reading below 30 may suggest that an asset is oversold and could be due for a bounce.
Stochastic RSI (StochRSI) 14: DA RED LINE
The StochRSI is an oscillator that combines the features of both the Stochastic Oscillator and RSI. It measures the relative position of the RSI within its range over a specific period (e.g., 14 periods). Like the RSI, the StochRSI oscillates between 0 and 100 and is used to identify overbought and oversold conditions. Typically:
A StochRSI above 0.8 may suggest overbought conditions.
A StochRSI below 0.2 may indicate oversold conditions.
Money Flow Index (MFI) 14: DA PURPLE LINE
The MFI is a momentum oscillator that measures the inflow and outflow of money into an asset over a specific period (e.g., 14 periods). It oscillates between 0 and 100 and is used to identify overbought and oversold conditions based on both price and volume. Generally:
An MFI above 80 may indicate overbought conditions.
An MFI below 20 may suggest oversold conditions.
Combining RSI, StochRSI, and MFI:
When combining RSI, StochRSI, and MFI, traders can use the following approach to analyze the market:
Identify Overbought/Oversold Conditions:
Look for confluence between RSI, StochRSI, and MFI readings to identify overbought and oversold conditions.
For example, if RSI > 70, StochRSI > 0.8, and MFI > 80, it may suggest a strong overbought condition, potentially indicating a reversal or pullback.
Confirm Trend Strength:
Use the RSI, StochRSI, and MFI to confirm the strength of a trend.
A rising trend with RSI, StochRSI, and MFI above 50 may suggest strong bullish momentum, while a falling trend with readings below 50 may indicate strong bearish momentum.
Divergence Analysis:
Look for divergences between price and RSI, StochRSI, or MFI to identify potential trend reversals.
For example, if the price makes a higher high, but RSI, StochRSI, or MFI makes a lower high (bearish divergence), it may suggest weakening bullish momentum and potential downside.
Combining RSI, StochRSI, and MFI can offer traders a more holistic view of market momentum, overbought/oversold conditions, and money flow. Backtest it let me know your success.
PriceCatch Volume Analysis Fixed RangeHi TV Community.
It's been sometime since I published any script / utility. But today, I am back with a new script.
Volume Analysis
Studying volume when in trade or before taking one is very important as seasoned traders would tell you. So, this script helps you to look at volume over a specific interval from current bar. You will have to set the look-back period in the settings dialog.
The script will then show over that period :
Number of Up and Down bars
Volume Ratio of Up Volume over Down Volume
Actual Up and Down Volume
Percentage of Up Volume to Down Volume
I use this information in all my trades and hope that you will also find this Script useful.
To my knowledge, I have not seen another volume analysis script that helps see volume in the way this script does.
NOTE:
This script does not give any buy or sell signal if that is what you are looking for. But if you see that Up Volume is 3 times Down Volume, then that should mean something to you. So also when price is slipping down.
Disclaimer
I am sharing this Script without any warranties as to its usability. Use it only if you like it. As always when it comes to trading you and you alone are responsible for your actions.
All the best with your trades.
PriceCatch
MFI PRO### MFI Indicator Guide
This guide provides a detailed explanation of the "MFI KriptoFun" indicator, which is designed for use on the TradingView platform. This custom script helps traders visualize significant changes in volume and price range through the use of graphical shapes plotted on the trading chart.
#### Indicator Description:
The "MFI KriptoFun" indicator plots different shapes (circles and triangles) on the chart to signify specific trading signals based on volume and price range dynamics. Each shape and color represents a unique market condition, aiding traders in making informed decisions.
#### Shapes and Colors:
1. Gray Circle: Indicates that the current price range is greater than the previous period's, but the volume has decreased and the percentage decrease in volume is more than 10% compared to the previous period.
2. Blue Circle: Plotted when there is an increase in volume by at least 10% compared to the previous period, while the price range has decreased.
3. Green Circle: Appears when both volume and price range have increased compared to the previous period.
4. Red Circle: Shows a decrease in both volume and price range compared to the previous period.
5. Blue Triangle: This shape is used to denote an increase in both volume and price range, with the closing and opening prices of the current period falling within the same third of the price range (lower, middle, or upper). Additionally, there must be a significant volume difference of at least 10%.
#### How to Use:
- Installation: To use this indicator, simply add it to your TradingView chart by copying the Pine Script code into the Pine Editor and adding it to your chart.
- Interpretation:
- Gray Circle: Caution may be warranted as decreasing volume with increasing price range could indicate weakening momentum.
- Blue Circle: Potential bullish signal if accompanied by other positive indicators.
- Green Circle: Strong bullish signal suggesting increasing buyer interest.
- Red Circle: Bearish signal indicating potential downward movement.
- Blue Triangle: Strong bullish signal, particularly if confirmed by additional analysis.
#### Settings:
The indicator does not have configurable settings through input options; however, users can modify the source code to adjust thresholds or conditions as per their trading strategy.
#### Conclusion:
The "MFI KriptoFun" indicator provides a visual representation of significant market movements, helping traders identify potential buy or sell opportunities based on volume and price action. As with all trading tools, it is recommended to use this indicator in conjunction with other analyses to validate trading signals.
NZTVolumeDESCRIPTION IN ENGLISH
🔶 INTRODUCTION
NZTVolume is an advanced indicator for TradingView , inspired by the mentor Almaz . It is intended to facilitate the analytical work of traders who actively use data on real trading volumes in their analysis. The indicator also has many features that simplify operation and provide great opportunities for analysis , including the key function - identification of effective and ineffective movements, which are described below.
🔶 CONTENT
This tool provides detailed visualization of real volume . Other features such as candlestick color change depending on volume, histogram display percentage change in volume , and display candles that have gained liquidity, but the most unique function is the determination of effective and ineffective movements, alerts for them are built into the indicator, and traders will have a unique opportunity by setting alerts to wait for the first effective movement (its meaning and description below) , all this is implemented through advanced computational algorithms applied in the code.
Key features include Real Volume Histogram, Dynamic Candle Color Change, Average Volume Table, Volume Percent Change, Liquidity taken Candle, Volume Moving Averages, Effective and ineffective movements with their lines, 3 types of customizable Volume Alerts.
🔶 LOGIC
🔹 Dynamic Candle Color Change (Изменять цвет свечей)
Candles change to a contrasting color if their volume exceeds that of the previous candle , differentiated into bullish and bearish , including settings for transparency and colors . Can be configured, enabled of or disabled.
🔹 Real Volume Histogram (Показывать гистограмму объемов)
Automatically retrieves data on volumes and shows it on a chart. Can be configured, enabled of or disabled.
🔹 Liquidity Taken Candle (Показывать свечу собравшую ликвидность)
A candle that has taken/captured liquidity , which is determined in the code by the high and low prices of the candle and the volume it has , is displayed on the histogram . Can be configured, enabled or disabled.
🔹 Percent Change Volume (Показывать гистограмму процентного изменения объема)
Calculates and displays volume percent changes on a histogram. Can be configured, enabled or disabled.
🔹 Effective and Ineffective movement/column (Показывать эффективные и неэффективные движения)
By calculating the average volatility of the last bars, as well as calculating the average volume of the last bars, comparing and contrasting them, we obtain the principle of effective and ineffective movement/column. The code includes alerts that allow you to notify the user when the first effective movement/candle appears, which can significantly improve trading and maintain concentration. Basically it's a specific column on histogram, but is called movement so that's it's easier to understand its logic.
🔹 Line of efficiency and inefficiency (Показывать линии эффективности и неэффективности)
These lines connect all effective and ineffective movements' highs on the histogram, allowing traders to practice, as well as build their trading strategy for the trading day.
🔹 Average Volume Table (Показывать таблицу со средним объемом)
Displays the average volume per bar for selected time intervals with the ability to customize the period . Can be configured, enabled or disabled.
🔹 Volume Moving Averages (Показывать среднюю скользящую объема)
Three lines corresponding to users' set time intervals show the change in volume with color and thickness settings. Can be configured, enabled or disabled.
🔹 Alerts (Во сколько раз объем свечи должен превышать предыдущую для алерта)
Alerts can be triggered by 3 conditions
1. if on the selected timeframe the volume of the current candle exceeds the volume of the previous candle by a user-specified number of times , an alert will be triggered.
2. if a liquidity candle appears on the selected timeframe , an alert is triggered.
3. if an effective column/movement appears on the selected timeframe, an alert is triggered.
It can be configured, enabled or disabled.
🔶 TECHNICAL SPECIFICATION AND UNIQUENESS
At the core of NZTVolume is a series of advanced algorithms that analyze volume data in real-time.
Some of them are:
Calculate average volumes by given time period (in hours).
Candles, that took liquidity - considers high volume and wicks' size.
Percent volume change histogram - calculate percent change of volume for every bar and shows it on graph.
Effective and ineffective movement - calculates by algorithm that considers average volume and average volatility, assuming that big market players will contribute the volume.
🔶 DEMONSTRATION OF HOW THE INDICATOR WORKS ON DIFFERENT ASSETS
NZTLevel + NZTVolume Together
🔶 SETTINGS
🔹 Candles (Свечи)
Enable/disable color changes of candles based on volume . Customize colors of contrasting and standard candles, adjust transparency.
🔹 Histogram Settings (Настройки Гистограммы)
Show volume histogram , show liquidity taken candle, show volume percent change histogram, show effective, ineffective movements, show efficiency/inefficiency line.
🔹 Display settings on the Histogram (Настройки отображения на Гистограмме)
Customizable colors for bullish, bearish, liquidity taken columns as well as for effective and ineffective movement/columns and for lines that connect them.
🔹 Table (Таблица)
Toggle the display of the average volume table, customize the background, and set time ranges (3 parameters, multi-timeframe support). Tables shows "average volume over 24/48/72 hours" in translation
🔹 Lines (Линии)
Option to display/hide average volume lines , select colors and thickness for each of the three lines.
🔹 Alerts (Алерты)
As was said before, there are 3 types of alerts , that can be turned off , there is a parameter can be chosen - How many times volume of the current candle should exceeds the volume of the previous candle to trigger alert
🔶 RECOMMENDATIONS FOR USE
It is recommended to set and save the indicator settings that best match your trading preferences to ensure efficiency and ease of use.
NZTVolume stands out among other indicators for its universal functions, versatility, simplicity of installation and setup, high performance, and extensive customization capabilities, making it an indispensable tool for traders of all levels.
The indicator was developed by Temirlan Tolegenov for NZT Trader Community, April 2024, Prague, Czech Republic
ОПИСАНИЕ НА РУССКОМ ЯЗЫКЕ
🔶 ВСТУПЛЕНИЕ
NZTVolume — это продвинутый индикатор для TradingView , вдохновленный ментором Алмазом . Он предназначен для облегчения аналитической работы трейдеров, которые активно используют данные о реальных объёмах торгов в своем анализе. Индикатор также имеет множество функций, которые упрощают работу и предоставляют большие возможности для анализа , включая ключевую функцию - выявление эффективных и неэффективных движений, которые описаны ниже.
🔶 СОДЕРЖАНИЕ
Индикатор обеспечивает детальную визуализацию реального объема . Другие функции, такие как изменение цвета свечей в зависимости от объема, отображение гистограммы процентное изменение объема и отображение свечи, собравшей ликвидность, но самой уникальной функцией является определение эффективных и неэффективных движений, оповещения по ним встроены в индикатор, и у трейдеров появится уникальная возможность установить оповещения на ожидание первого эффективного движения (его смысл и описание ниже). ) , всё это реализовано посредством продвинутых вычислительных алгоритмов, примененных в коде.
Ключевые функции включают в себя гистограмму реального объема, динамическое изменение цвета свечи, таблицу среднего объема, процентное изменение объема, свечу, взявшую ликвидности, скользящие средние объема, эффективные и неэффективные движения с их линиями, 3 типа настраиваемых параметров. Оповещения об объеме.
🔶 ЛОГИКА
🔹 Динамическое изменение цвета свечей (Изменить цвет свечей)
Свечи меняют цвет на контрастный , если их объем превышает объем предыдущей свечи , дифференцируются на бычьи и медвежьи , включая настройки прозрачности и цвета . Можно настроить, включить или отключить.
🔹 Гистограмма реального объёма (Показывать гистограмму объёмов)
Автоматически извлекает данные по объемам и отображает их на графике. Можно настроить, включить или отключить.
🔹 Свеча, собравшая ликвидность (Показывать свечу собравшую ликвидность)
Свеча, собравшая ликвидность , которая определена в коде максимальной и минимальной ценой свечи и объемом, который она имеет , отображается на гистограмма . Можно настроить, включить или отключить.
🔹 Процентное изменение объема (Показывать гистограмму процентного изменения объема)
Вычисляет и отображает процентные изменения объема на гистограмме. Можно настроить, включить или отключить.
🔹 Эффективные и неэффективные движения(Показать Эффективныеи неэффективные движения)
Рассчитав среднюю волатильность последних баров, а также вычислив средний объем последних баров, сравнивая и противопоставляя их, мы получаем принцип эффективного и неэффективного движения/столбца. В код включены оповещения, которые позволяют оповещать пользователя при появлении первого эффективного движения/свечи, что позволяет существенно улучшить торговлю и сохранить концентрацию. По сути, это отдельный столбец на гистограмме, но он называется движением, потому что так, его логику будет легче понять.
🔹 Линия эффективности и неэффективности (Показывать линии эффективности и неэффективности)
Эти линии соединяют хаи всех эффективных и неэффективных движений на гистограмме, позволяя трейдерам практиковаться, а также строить свою торговую стратегию на торговый день.
🔹 Таблица среднего объема (Показать таблицу со значением определения)
Отображает средний объем на бар для выбранных временных интервалов с возможностью настройки периода . Можно настроить, включить или отключить.
🔹 Скользящие средние объёма (Показать среднюю скользящую объём)
Три линии, соответствующие установленным пользователем временным интервалам , показывают изменение объема с настройками цвета и толщины. Можно настроить, включить или отключить.
🔹 Оповещения (Во сколько раз объем свечи должен превышать предыдущую для оповещения)
Оповещения могут быть вызваны тремя условиями
1. Если на выбранном таймфрейме объем текущей свечи превысит объем предыдущей свечи в заданное пользователем количество раз , сработает оповещение
2. Если на выбранном таймфрейме появляется свеча ликвидности , срабатывает оповещение
3. Если на выбранном таймфрейме появляется эффективный столбец/движение , срабатывает оповещение.
Это можно настроить, включить или отключить.
🔶 ТЕХНИЧЕСКИЕ ХАРАКТЕРИСТИКИ И УНИКАЛЬНОСТЬ
В основе NZTVolume лежит серия продвинутых алгоритмов, которые анализируют данные об объемах в режиме реального времени.
Некоторые из них:
Рассчёт средние объёмы за заданный период времени (в часах).
Свечи, снявшие ликвидность - учитывает большой объем и размер шпилей.
Процентное изменение объема на гистограмме — рассчитывает процентное изменение объема для каждого бара и отображает его на графике.
Эффективное и неэффективное движение - рассчитывается по алгоритму, учитывающему средний объем и среднюю волатильность, предполагая, что объем крупных игроков будет сигнализировать о намерении рынка и силе движения.
🔶 НАСТРОЙКИ
🔹 Свечи
Включить/отключить изменение цвета свечей в зависимости от объема . Настройте цвета контрастных и стандартных свечей, настройте прозрачность.
🔹 Настройки гистограммы
Показать гистограмму объема , показать свечу взятой ликвидности, показать гистограмму процентного изменения объема, показать эффективные и неэффективные движения, показать линию эффективности/неэффективности.
🔹 Настройки отображения на гистограмме
Настраиваемые цвета для бычьих, медвежьих, свечей, собравших ликвидность столбцов, а также для эффективных и неэффективных движений/столбцов и линий, которые их соединяют.
🔹 Таблица
Переключайте отображение таблицы среднего объема, настраивайте фон и устанавливайте временные диапазоны (3 параметра, мультитаймфрейм).
🔹 Линии
Возможность отобразить/скрыть линии среднего объема , выбрать цвет и толщину для каждой из трех линий.
🔹 Алерты
Как было сказано ранее, есть 3 типа оповещений , которые можно отключить , можно выбрать параметр — во сколько раз объем текущей свечи должен превышать объем предыдущей свечи, чтобы сработало оповещение.
🔶 РЕКОМЕНДАЦИИ К ИСПОЛЬЗОВАНИЮ
Рекомендуется установить и сохранить настройки индикатора, которые лучше всего соответствуют вашим торговым предпочтениям, чтобы обеспечить эффективность и простоту использования.
NZTVolume выделяется среди других индикаторов своими универсальными функциями, универсальностью, простотой установки и настройки, высокой производительностью и широкими возможностями настройки, что делает его незаменимым инструментом для трейдеров всех уровней.
Индикатор разработан Темирланом Толегеновым для международного сообщества NZT Trader , Апрель 2024, Прага, Чешская Республика.
The indicator is published in accordance and respect to all House Rules of the TradingView platform.
Индикатор опубликован в соответствии и уважением ко всем внутренним правилами платформы TradingView.
sVPSA - standardized Volume Price Spread AnalysisDear Analysts and Traders,
I want to introduce my new indicator - sVPSA - standardized Volume Price Spread Analysis. For me, this script is helpfully in Technical Analysis mainly with Wyckoff and VSA methodologies. Maybe You are in circle of people who used my previous script - normalized Volume Price Spread Analysis. I work with him a lot of time, but I come to a conclusion that I can do better...
Theory concept...
What is a big volume? How big was this spread? It was extreme high or just high? How to do an answer for this and a lot other questions related to this subject? My thoughts was directed to statistics. In my first script I used to x/max normalized data. It was good, but susceptible for high deviation events. So, I choose standardization method with smaller sensitivity on violent events - z-Score standardization Description of z-Score formula:
Z = (x-mean)/standard deviation
Probability of event are descriptive by probability density function - The Normal Distribution.
en.wikipedia.org
en.Wikipedia.org
This is base of script methodology, let’s go deeper in indicator.
X axis is time, date. Y axis is standard deviation. Narrow bar represent price spread, wide one is volume. Colors are corresponding to deviation, blue < sigma, green > sigma, red > 2*sigma and fuchsia > 3*sigma. Appearance is full editable.
Data collection starts from left to right. There is two possibilities to use, constans number of bars or visible data range, also indicator permit to overscore linear regression from data. There is a possibility to set an alert.
Short introduction how put an interpretation on visualized data.
For this example I used constans value of data collection, 52 bars. So, from left I see great, fuchsia volume bar with low spread. This record respond Celsius withdrawals pause. This is bar with the biggest volume on presented chart, more than four sigmas. Spread value is near one sigma. I should consider this via one of Wyckoffs laws - effort vs result. I see a three bars in turn, they tenor tells me that bear market is possible near end. Accumulation structure near new year, spring test and bullish momentum bar near march are approval of this idea. Next high spread bars have volume near mean value. Effort is low but result is great. Interesting is last bar, with -2,8 deviation of volume. I see the lowest volume value on chart, so he’s deviation is strong to negative side. This script require a little of practise and can be a potent tool in Technical Analysis.
If You have a concept how to improve my script or You experience bug, please, send me feedback.
I hope that You consider my work as useful.
I wish You great trades and faultless analysis.
CatTheTrader
Smart Money Interest Index [AlgoAlpha]🌟 Smart Money Interest Index by AlgoAlpha 🌟
Welcome to the innovative Smart Money Interest Index indicator, designed meticulously by AlgoAlpha to revolutionize the way you trade! 📈🧠 This indicator is engineered to decipher the activities of smart money investors relative to the less informed (dumb money) and dynamically display their dominance in the trading landscape through a sophisticated visual index. 🚀💹
🔑 Key Features:
- Smart vs. Dumb Money Analysis: Tracks and compares the movements of smart money (informed investors) and dumb money (general public) within the market to identify potential investment signals.
- Relative Strength Index (RSI) Based Ratios: Utilizes RSI for both smart and dumb money to create a ratio that indicates buying or selling pressures.
- Dynamic Normalization: Employs a long-term peak normalization over a customizable period to ensure the index remains relevant regardless of market conditions.
- Visual Thresholds and Signals: Highlights significant shifts in market dynamics with color-coded thresholds, making it easier to spot changes at a glance.
🛠 How to Use the Smart Money Interest Index:
🔹 🚀 Step 1: Adding the Indicator
- Add the indicator to your favourites.
- Customize the settings according to your analysis needs:
- `Index Period`, `Volume Flow Period`, `Normalization Period`, `High Interest Threshold`
🔹 📊 Step 2: Interpretation of the Index
- Monitor the index plot; a rising index suggests increasing smart money interest, potentially indicating a buying opportunity.
- A value above the high interest threshold (in yellow) highlights significant interest by smart money, suggesting a good time to buy.
🔹 🔔 Step 3: Setting Alerts
- Configure alerts to notify you when the index crosses above the set threshold, enabling you to capitalize on trading opportunities timely and efficiently.
📐 Basic Logic Overview:
The Smart Money Interest Index by AlgoAlpha provides a unique metric that contrasts the investment behaviors of informed (smart money) and general (dumb money) investors. Utilizing the Relative Strength Index (RSI), this indicator evaluates the trading pressure exerted by both groups over specified periods, then forms a ratio of these activities to identify dominance in buying or selling trends. For example, when we see dumb money selling and smart buying, this suggests that the conditions for buying the asset is optimal as smart money is willing to buy the dip. The outputs are normalized against the highest values observed in a user-defined term to maintain consistency through varying market conditions. When the index exceeds a certain threshold, it suggests that smart money presence is particularly strong, possibly indicating that smart money is looking to enter positions on the asset. This tool serves as a sophisticated visual guide to understanding market dynamics and making well-informed trading decisions based on the activities of market-savvy investors. Smart money activity is identified during areas of low volume and the opposite for dumb money, the indicator uses the NVI and PVI metrics as its foundation for smart and dumb money analysis.
📊 Enhance Your Trading Strategy:
Leverage the Smart Money Interest Index to gain deeper insights into market dynamics and enhance your decision-making process with a powerful, data-driven approach. Whether you're looking to identify entry points or set strategic exits, this tool is designed to provide you with the competitive edge you need in the fast-paced world of trading. 🌐✨
Transform your trading with the power of smart money analysis—start using the Smart Money Interest Index today! 🚀🔔
Relative Average Extrapolation [ChartPrime]Relative Average Extrapolation (ChartPrime) is a new take on session averages, like the famous vwap . This indicator leverages patterns in the market by leveraging average-at-time to get a footprint of the average market conditions for the current time. This allows for a great estimate of market conditions throughout the day allowing for predictive forecasting. If we know what the market conditions are at a given time of day we can use this information to make assumptions about future market conditions. This is what allows us to estimate an entire session with fair accuracy. This indicator works on any intra-day time frame and will not work on time frames less than a minute, or time frames that are a day or greater in length. A unique aspect of this indicator is that it allows for analysis of pre and post market sessions independently from regular hours. This results in a cleaner and more usable vwap for each individual session. One drawback of this is that the indicator utilizes an average for the length of a session. Because of this, some after hour sessions will only have a partial estimation. The average and deviation bands will work past the point where it has been extrapolated to in this instance however. On low time frames due to the limited number of data points, the indicator can appear noisy.
Generally crypto doesn't have a consistent footprint making this indicator less suitable in crypto markets. Because of this we have implemented other weighting schemes to allow for more flexibility in the number of use cases for this indicator. Besides volume weighting we have also included time, volatility, and linear (none) weighting. Using any one of these weighting schemes will transform the vwap into a wma, volatility adjusted ma, or a simple moving average. All of the style are still session period and will become longer as the session progresses.
Relative Average Extrapolation (ChartPrime) works by storing data for each time step throughout the day by utilizing a custom indexing system. It takes the a key , ie hour/minute, and transforms it into an array index to stor the current data point in its unique array. From there we can take the current time of day and advance it by one step to retrieve the data point for the next bar index. This allows us to utilize the footprint the extrapolate into the future. We use the relative rate of change for the average, the relative deviation, and relative price position to extrapolate from the current point to the end of the session. This process is fast and effective and possibly easier to use than the built in map feature.
If you have used vwap before you should be familiar with the general settings for this indicator. We have made a point to make it as intuitive for anyone who is already used to using the standard vwap. You can pick the source for the average and adjust/enable the deviation bands multipliers in the settings group. The average period is what determines the number of days to use for the average-at-time. When it is set to 0 it will use all available data. Under "Extrapolation" you will find the settings for the estimation. "Direction Sensitivity" adjusts how sensitive the indicator is to the direction of the vwap. A higher number will allow it to change directions faster, where a lower number will make it more stable throughout the session. Under the "Style" section you will find all of the color and style adjustments to customize the appearance of this indicator.
Relative Average Extrapolation (ChartPrime) is an advanced and customizable session average indicator with the ability to estimate the direction and volatility of intra-day sessions. We hope you will find this script fascinating and useful in your trading and decision making. With its unique take on session weighting and forecasting, we believe it will be a secret weapon for traders for years to come.
Enjoy
Volume Buy/Sell Signals [EdgeTerminal]Volume Signals is an indicator based on volume moving averages and divergence to provide different types of information.
The first signal is the peak volume box shown in red or green, showing the volume peak in an uptrend or downtrend. This usually is a sign of reversal or a slowdown in the trend, depending on the direction of the price.
Peak zones assume that a movement has reached your end for the time being or a new movement is initiated. This cannot be verified by simple volume alone, that's why we have a buy/sell signal feature based on divergence.
The narrow box indicates a continuation of the trend but can be used as support or resistance.
Medium box size usually means the price is in an accumulation phase. This can act as both support and resistance, meaning if the price pushes above, a long position can be taken, and if the price drops below, a short position can be taken.
Large box size indicates a range in which the price will stay shortly. This is usually a sign of high volume volatility and depending on the direction, the price can revisit the area and drop back down or go back up fast. For example, if the large green box appears after a major volume peak and if the price goes above the box, there is a major chance that the price will revisit the box zone and will drop as fast as it went up.
The second signal is a buy/sell signal generated based on the volume divergence and volume numbers compared to average volume values. If the volume is showing signs of lower lows or higher highs, the signal will appear. This indicator is great at generating early entry and exit signals.
Additionally, the script can generate LP (lower possibility) buy/sell signals. Usually, the script looks for two moving average lower lows in volume to generate a signal but when this is turned on, the indicator will also show single confirmed (we call them lower possibility) signals. This is useful when there are not enough signals generated on screen and you want to see more data points.
The settings:
Volume Peak MA: Sets the moving average of the volume peak,
Volume Peak Box Length: Defines the box display length of the volume box across the chart
Volume Box Threshold: Threshold of volume peak detection. A lower number generates more signals and a higher number generates fewer.
First Signal MA Length: First moving average length used in the calculation of the volume signals
Second Signal MA length: Second moving average length used in the calculation of the volume signals
Volume Lookback Right: How many bars to look back on the right side (forward) to confirm the signal
Volume Lookback Left: How many bars to look back on the left side (behind) to confirm the signal
Max Lookback Range: Max lookback range for the KNN machine learning volume data of signal generation.
Min Lookback Range: Minimum lookback range for the KNN machine learning volume data of signal generation.
Show Buy Signals: It shows or hides buy signals.
Show LP Buys: It shows or hides lower possibility buy signals.
Show Sell Signals: It shows or hides sell signals.
Show LP Sells: It shows or hides lower possibility sell signals.
[Wiseplat Sideways] v.04The Sideway indicator for TradingView is a powerful tool designed to identify periods of sideways or ranging price action in the market. With its intuitive interface and customizable parameters, traders can easily spot when an asset is consolidating, providing valuable insights for both trend-following and range-bound strategies.
This indicator utilizes really simple algorithm to analyze price movement and volatility, effectively filtering out noise and false signals. By plotting clear visual cues on the chart.
Traders can adjust the sensitivity parameters to tailor the indicator to their specific trading style and preferences. Whether used in isolation or in conjunction with other technical analysis tools, the Sideway indicator empowers traders to make informed decisions in dynamic market conditions.
Its user-friendly design and simple settings of parameters makes it accessible to traders of all levels, from beginners seeking clarity in choppy markets to seasoned professionals looking for confirmation of their analysis. With the Sideway indicator, traders can confidently navigate sideways price action and stay ahead of the curve in their trading endeavors.
Developer: Oleg Shpagin
Money Flow DashboardThe Money Flow Dashboard is my take on trying to replicate the great and mighty Market Cipher's Money Flow and pack it into a comprehensive dashboard format with access to various timeframes.
If Money Flow is king 👑, then follow the Money 💸
How to Use Money Flow Dashboard:
1. Timeframe Selection: Choose the relevant timeframes based on your trading style and preferences. Enable or disable timeframes in the settings to focus on the most relevant ones for your strategy.
2. Dashboard Interpretation: The Money Flow Dashboard displays green (🟢) and red (🔴) symbols to indicate when the Money Flow is in green or in red zone. You can also leverage the Money Flow values on the dashboard to better interpret sentiment and its changes.
3. Dashboard Placement: To maximize effectiveness, consider placing the Money Flow Dashboard alongside your Market Cipher indicator, allowing for seamless analysis of market dynamics on multiple timeframes at the same time.
4. Confirmation and Strategy: Consider Money Flow Dashboard signals as confirmation for your trading strategy. For instance, in an uptrend, look for long opportunities when the dashboard displays consistent green symbols. Conversely, in a downtrend, focus on short opportunities when red symbols dominate.
5. Risk Management: As with any indicator, use Money Flow Dashboard in conjunction with proper risk management techniques. Avoid trading solely based on indicator signals; instead, integrate them into a comprehensive trading plan.
