Nooner's Heikin-Ashi/Bull-Bear CandlesCandles are colored red and green when Heikin-Ashi and Bull/Bear indicator agree. They are colored yellow when they disagree.
Bearish Patterns
Direction via Zone Break [by rukich]🟠 OVERVIEW
The indicator shows the direction of movement and zones: SSL, BSL, FVG.
Zones serve as support/resistance and as validation/invalidation of a movement reversal.
🟠 COMPONENTS
The direction of movement is built based on a three-candle swing high (BSL) and swing low (SSL) pattern. If swing high (BSL) and swing low (SSL) are formed, and then an internal swing high/low is formed (depending on the direction of movement), then in case the initial movement continues — for example, in an upward movement — the new swing low (SSL) will be the minimum before the update, i.e., the internal low, while the swing high (BSL) will be formed according to the three-candle pattern.
A change of direction is considered when a candle closes beyond the key swing high/low (BSL/SSL), depending on the direction of movement. For example, in an upward movement, a break occurs when a candle closes beyond the swing low (SSL). After that, the swing high (BSL) will be the nearest fractal (swing high), and the swing low (SSL) will be formed according to the three-candle pattern.
All the above logic also applies to downward movements.
Within each movement, there can be FVG zones, which can act as support/resistance or indicate weakness in the movement direction.
Note: if the movement is upward, only bullish FVG+ will be displayed; if the movement is downward, only bearish FVG- will be displayed.
Weakness of movement direction.
For example, consider an upward impulse with the nearest FVG+ zone. If the price closes beyond the lower boundary of the zone, it will be considered invalidated (inv. FVG-), which in turn indicates weakness in the movement direction and a possible local short, which may subsequently lead to a break of the entire movement.
🟠 HOW TO USE
There are only two visual settings in the configuration:
Show previous SSL/BSL – enables/disables the display of all previous SSL/BSL zones
Show Bullish/Bearish trend – enables/disables background shading between SSL and BSL for visual understanding of the movement direction
On the chart, the following are displayed:
Labels with current SSL/BSL
FVG+- / inv. FVG+- zones, for trading in the movement direction
In case the nearest FVG is invalidated, a label will appear with the text: Weak bullish/bearish & local short/long (this is not a signal, but only indicates the probability of a potential move based on the weakness of the nearest zone)
🟠 CONCLUSION
The indicator helps determine the current movement with zones for trading in the direction, and also indicates movement weakness through invalidation of the nearest zones.
Stochastic BTC OptimizedEnhanced Stochastic for Bitcoin (BTC) – Optimized for Daily Timeframe
This enhanced Stochastic oscillator is specifically fine-tuned for BTC/USD on the 1D timeframe, leveraging historical data from Bitstamp (2011–2025) to minimize false signals and maximize reliability in Bitcoin's volatile swings.
Unlike the classic Stochastic (14, 3, 3), this version uses optimized parameters:
- K Period = 21 – smoother reaction, better suited for BTC’s macro cycles
- D Period = 3, Smooth K = 3 – reduces noise while preserving responsiveness
- Overbought = 85, Oversold = 15 – accounts for BTC’s tendency to trend strongly within extreme zones without immediate reversal
✅ Smart Signal Logic:
Buy/sell signals appear only when %K crosses %D inside the oversold (≤15) or overbought (≥85) zones, and only the first signal is shown to avoid whipsaws.
Visual Enhancements:
- Thick lines when %K/%D are in overbought/oversold zones
- Green/red background highlights on valid signals
- Optional up/down arrows for clear entry visualization
- Customizable colors, line widths, and transparency
🔒 No alerts included – clean, focused on price action and momentum.
💡 Pro Tip: For even higher accuracy, use this indicator in combination with a long-term trend filter (e.g., EMA 200). The oscillator excels in ranging or retracement phases but should not be used alone in strong parabolic moves.
Based on Mozilla Public License v2.0 – feel free to use, modify, and share. Perfect for swing traders and long-term Bitcoin analysts seeking high-probability reversal zones.
перевод на русский
Улучшенный Stochastic для Bitcoin (BTC) — оптимизирован для дневного таймфрейма
Этот улучшенный осциллятор Stochastic специально настроен под BTC/USD на дневном графике, с учётом исторических данных Bitstamp (2011–2025), чтобы минимизировать ложные сигналы и повысить надёжность в условиях высокой волатильности биткоина.
В отличие от классического Stochastic (14, 3, 3), эта версия использует оптимизированные параметры:
- Период K = 21 — более плавная реакция, лучше соответствует макроциклам BTC
- Период D = 3, Сглаживание K = 3 — снижает шум, сохраняя отзывчивость
- Уровень перекупленности = 85, перепроданности = 15 — учитывает склонность BTC к сильным трендам в экстремальных зонах без немедленного разворота
✅ Интеллектуальная логика сигналов:
Покупка/продажа отображается только при пересечении %K и %D внутри зоны перепроданности (≤15) или перекупленности (≥85), и только первый сигнал фиксируется, чтобы избежать «хлыстов».
Улучшенная визуализация:
- Жирные линии, когда %K/%D находятся в экстремальных зонах
- Зелёный/красный фон при появлении сигналов
- Опциональные стрелки для чёткого отображения точек входа
- Настройка цветов, толщины линий и прозрачности
🔒 Без алертов — чистый инструмент, сфокусированный на цене и импульсе.
💡 Совет профессионала: для ещё большей точности используйте этот индикатор вместе с трендовым фильтром (например, EMA 200). Осциллятор лучше всего работает в фазах консолидации или отката, но не стоит применять его в одиночку во время сильных параболических движений.
На основе Mozilla Public License v2.0 — свободно используйте, модифицируйте и делитесь. Идеален для свинг-трейдеров и аналитиков Bitcoin, ищущих зоны с высокой вероятностью разворота.
APXTradez - Swing RSI🔹 APXTradez Swing RSI — Summary & Usage Guide
Purpose
- The APXTradez Swing RSI measures momentum strength and exhaustion in a stock’s price movement.
- It tells you when price is overextended, balanced, or reversing, helping you time entries, exits, and confirmation on swing trades.
This version is tuned for clean visual momentum tracking during 2-to-5-day swings or multi-week trends.
Core Components
-RSI (14-period)
- Uses a standard 14-bar calculation on the closing price (or whichever source you choose).
- Ranges between 0 and 100, showing how strong the recent price push has been.
- Smooth enough for swing trading; reactive enough to catch early turns.
- Color-Coded RSI Line
White = Neutral zone (healthy price action).
Lime = Oversold (< 30) → buying opportunity or short-covering zone.
Red = Overbought (> 70) → profit-taking or potential pullback zone.
Color shifts automatically as RSI crosses key thresholds, so you see sentiment flips instantly.
Horizontal Levels
70 = Overbought (red dashed line)
30 = Oversold (lime dashed line)
50 = Midline (gray dotted line, optional toggle)
These levels frame the RSI’s “zones of strength.”
How to Use It
1️⃣ Identify Momentum Regime
-Above 50 → Bullish Bias
Momentum favors buyers. Use this to confirm call or long positions.
- Below 50 → Bearish Bias
Momentum favors sellers. Confirms put or short setups.
- The 50 midline is your “momentum compass.”
Crosses above or below often precede trend reversals.
2️⃣ Spot Extremes (30 / 70 Zones)
RSI > 70 = Overbought
Price is stretched; risk of pullback or short-term cooling.
→ Good area to trim longs or watch for reversal candles.
RSI < 30 = Oversold
Price is washed out; potential bounce forming.
→ Good area to look for bullish reversal + volume confirmation.
3️⃣ Combine with APX TTM Squeeze and Overlay
- When RSI > 50 and rising + TTM histogram bright teal + Squeeze fires black dot up → high-probability long swing.
- When RSI < 50 and falling + TTM histogram bright yellow + Squeeze fires down → high-probability short swing.
- When RSI flat around 50 → trendless; wait for compression + momentum confirmation.
4️⃣ Divergences (Advanced Use)
- Bullish Divergence: Price makes a lower low, RSI makes a higher low → momentum turning up before price.
- Bearish Divergence: Price makes a higher high, RSI makes a lower high → momentum weakening.
- These signals are strongest when combined with a Squeeze firing or EMA crossover from your Swing Overlay.
Best Timeframes
Daily / 4-Hour: Ideal for swing entries and momentum tracking.
1-Hour: For fine-tuning entries inside larger setups.
- The APXTradez Swing RSI gives you a clean, visual read on who controls momentum and when that strength is fading or reversing.
- It’s not meant to predict exact tops or bottoms — it’s a confirmation and rhythm tool:
Use the 50-line for trend bias.
Use 30/70 for exhaustion.
Use color shifts for quick sentiment reads.
Combine with your APX Squeeze and Overlay for the complete swing-timing system.
PDB - RSI Buy & Sell Zones + SMA (PrintDemBandz)PDB - RSI Buy & Sell Zones
A clean, upgraded version of the RSI with shaded momentum zones to make entries and exits easier to spot. The background is divided into five color-coded zones so you instantly see when the market is shifting from bullish to bearish momentum.
Shaded Zones Explained:
| Zone | RSI Range | Zone Meaning |
| --------------------------- | --------- | ----------------------------------------------------- |
| Strong Buy (Dark Green) | < 30 | Oversold extreme – high probability bounce zone
| Buy Zone (Light Green) | 30–40 | Early accumulation & potential reversal area
| Neutral (Grey) | 40–60 | No edge zone – stay patient and wait for direction |
| Sell Zone (Light Red) | 60–70 | Market heating up – take profit or prepare to short |
| Strong Sell (Dark Red) | > 70 | Overbought extreme – high probability correction zone |
A dashed midline at 50 helps instantly gauge trend bias (above = bullish, below = bearish).
Use this RSI alone or combine with MACD or MA for stronger confirmations.
Search "PDB" in the indicators section for more free indicators.
ORDER FLOW Professional & Delta LineThe ORDER FLOW Professional & Delta Line indicator provides a powerful visualization of buy and sell volume imbalances within each candle — offering traders a deeper view into market order flow dynamics.
Inspired by footprint charts, this tool estimates Up Volume, Down Volume, and their difference (Delta) to highlight whether buyers or sellers are in control. It’s designed for traders who want a clear and professional way to track volume-based momentum directly on their charts.
🔹 Key Features:
Accurate estimation of buy (Up) and sell (Down) volume per bar
Delta Line displaying the net order flow difference
Customizable delta color for personalized visualization
Optional numeric labels showing Up, Down, and Δ values
Footprint-style column display in a clean lower panel
Background color shading to reflect positive/negative delta
💡 Ideal For:
Professional traders and volume analysts seeking to confirm price action through order flow insights, detect absorption or exhaustion, and enhance decision-making with visual delta tracking.
Engulfing Detector [HASIB]Description:
Engulfing Detector is a clean and powerful candlestick pattern indicator designed to automatically detect Bullish and Bearish Engulfing setups on any chart and any timeframe.
This tool helps traders easily spot reversal zones and potential trend continuation entries by highlighting high-probability engulfing candles with clear visual signals.
🔹 Features:
Detects both Bullish and Bearish Engulfing patterns in real time
Works on all timeframes and all assets (Forex, Crypto, Stocks, Indices)
Customizable color alerts for bullish and bearish signals
Lightweight, fast, and optimized for smooth performance
Perfect for price action traders and candlestick strategy lovers
📈 Created with precision and simplicity by Hasib, for traders who love clarity and confidence in their charts.
Greer Gap# Greer Gap Indicator (No mitigation: i.e. removing false signals)
## Summary
The **Greer Gap Indicator** identifies **Fair Value Gaps (FVGs)** and introduces specialized **Greer Bull Gaps (Blue)** and **Greer Bear Gaps (Orange)** to highlight high-probability trading opportunities. Unlike traditional FVG indicators, it avoids hindsight bias by not removing historical gaps based on future price action, ensuring transparency in signal accuracy. Built upon LuxAlgo’s FVG logic, it adds unique filtering: only the first Greer Gap after an opposite gap is plotted if its level (min for Bull, max for Bear) is not higher/lower than the previous Greer Gap of the same type, while all valid gaps are recorded for comparison. Traders can use these gaps as support/resistance or entry signals, customizable via timeframe, look back, and display options.
## Description
This indicator detects and displays **Fair Value Gaps (FVGs)** on the chart, with a focus on specialized **Greer Gaps**:
- **Bullish Gaps (Green)**: Areas where the low of the current candle is above the high of a previous candle (look back period), indicating potential upward momentum.
- **Bearish Gaps (Red)**: Areas where the high of the current candle is below the low of a previous candle, indicating potential downward momentum.
- **Greer Bull Gaps (Blue)**: A bullish gap that is above the latest bearish gap's max. Only the first such gap after a bearish gap is plotted if it meets criteria (not higher than the previous Greer Bull Gap's min), but all valid ones are recorded for comparison.
- **Greer Bear Gaps (Orange)**: A bearish gap that is below the latest bullish gap's min. Only the first such gap after a bullish gap is plotted if it meets criteria (not lower than the previous Greer Bear Gap's max), but all valid ones are recorded.
## How It Works
The script uses a dynamic look back period to detect FVGs. It maintains a record of all detected gaps and applies additional logic for Greer Gaps:
- **Greer Bull Gaps**: Checks if the new bullish gap's min is above the latest bearish gap's max. Plots only if it's the first since the last bearish gap and its min is <= previous Greer Bull min (or first one).
- **Greer Bear Gaps**: Checks if the new bearish gap's max is below the latest bullish gap's min. Plots only if it's the first since the last bullish gap and its max is >= previous Greer Bear max (or first one).
- **Resets**: A new bearish gap resets the Greer Bull Gap flag, and a new bullish gap resets the Greer Bear Gap flag.
## How to Use
- **Timeframe**: Set a higher timeframe (e.g., 'D' for daily) to detect gaps from that timeframe on the current chart.
- **Look back Period**: Adjust to change gap detection sensitivity (default: 34). Use 2 if you want to compare to LuxAlgo
- **Extend**: Controls how far right the gap boxes extend.
- **Show Options**: Toggle visibility of all bullish/bearish gaps or Greer Gaps.
- **Colors**: Customize colors for each gap type.
- **Application**: Use Greer Gaps as potential support/resistance levels or entry signals, but combine with other analysis for confirmation.
## Originality and Credits
This script is inspired by and builds upon the **"Fair Value Gap "** indicator by LuxAlgo (available on TradingView: ()).
**Credits**: Thanks to LuxAlgo for the core FVG detection logic.
**Significant Changes**:
- Added **Greer Bull and Bear Gap** logic for filtered, directional gaps with reset mechanisms.
- Introduced recording of all valid Greer Gaps without plotting all, to compare levels without hindsight bias.
- **No mitigation/removal of gaps**: Unlike LuxAlgo's approach, which mitigates (removes or alters) gaps based on future price action (e.g., when filled), this can create a hindsight bias where incorrect signals disappear over time. If a signal is used for a trade and later removed due to new data, it doesn't reflect real-time performance accurately. The Greer Gap avoids this by using gap comparisons to validate signals without altering historical boxes, ensuring transparency in when signals were right or wrong.
RSI Divergence (Nikko)RSI Divergence by Nikko
🧠 RSI Divergence Detector — Nikko Edition This script is an enhanced RSI Divergence detector built with Pine Script v6, modified for better visuals and practical usability. It uses linear regression to detect bullish and bearish divergences between the RSI and price action — one of the most reliable early signals in technical analysis.
✅ Improvements from the Original:
- Clean divergence lines using regression fitting.
- Optional label display to reduce clutter (Display Labels toggle).
- Adjustable line thickness (Display Line Width).
- A subtle heatmap background to highlight RSI overbought/oversold zones.
- Uses max accuracy with high calc_bars_count and custom extrapolation window.
🔍 How It Works: The script applies linear regression (least squares method) on both RSI data, and Price (close) data.
It then compares the direction of RSI vs. direction of Price over a set length. If price is making higher highs while RSI makes lower highs, it's a bearish divergence. If price is making lower lows while RSI makes higher lows, it's a bullish divergence. Additional filters (e.g., momentum and slope thresholds) are used to validate only strong divergences.
🔧 Input Parameters: RSI Length: The RSI period (default: 14). RSI Divergence Length: The lookback period for regression (default: 25). Source: Which price data to calculate RSI from (default: close). Display Labels: Show/hide “Bullish” or “Bearish” labels on the chart. Display Line Width: Adjusts how thick the plotted divergence lines appear.
📣 Alerts: Alerts are built-in for both RSI Buy (bullish divergence) and RSI Sell (bearish divergence) so you can use it in automation or notifications.
🚀 Personal Note: I’ve been using this script daily in my own trading, which is why I took time to improve both the logic and visual clarity. If you want a divergence tool that doesn't clutter your chart but gives strong signals, this might be what you're looking for.
Stacked Bullish vs Bearish VolumeThis indicator visually represents buying (bullish) and selling (bearish) pressure within each candle by stacking both portions inside a single volume bar. Unlike traditional volume indicators that use only one color per bar, this script splits each volume bar into two segments:
Green portion (Bullish Volume) → Represents the buying pressure when the price moves up.
Red portion (Bearish Volume) → Represents the selling pressure when the price moves down.
By stacking buy and sell volume inside the same column, traders can easily assess the balance of buying vs selling activity within each trading session.
Stacking the Bars:
The bullish portion (green) is plotted first.
The bearish portion (red) is plotted slightly offset to create a stacked effect.
RVMM IndicatorRVMM Indicator
RVMM Indicator combines four indicators: RSI, VWAP, MFI, and Momentum to provide comprehensive technical analysis. This indicator helps traders identify potential market conditions based on the interaction of these indicators.
Components of the RVMM Indicator
1. RSI (Relative Strength Index)
RSI is a momentum indicator that measures the speed and change of price movements. RSI oscillates between 0 and 100 and is used to identify overbought and oversold conditions in the market.
Buy Level: Set at 30. When RSI falls below 30, the market is considered oversold, which may suggest a potential upward trend reversal.
Sell Level: Set at 70. When RSI rises above 70, the market is considered overbought, which may suggest a potential downward trend reversal.
2. VWAP (Volume Weighted Average Price)
VWAP is an indicator that combines price and volume to calculate the average price weighted by volume. VWAP is used to identify support and resistance areas and assess the strength of price movements.
Interpretation: If the price is above the VWAP line, the market is likely in an uptrend. If the price is below the VWAP line, the market is in a downtrend.
3. MFI (Money Flow Index)
MFI is a momentum indicator that considers both price and volume. MFI oscillates between 0 and 100 and is used to identify overbought and oversold conditions in the market.
Oversold Level: Set at 20. When MFI falls below 20, the market is considered oversold.
Overbought Level: Set at 80. When MFI rises above 80, the market is considered overbought.
4. Momentum
Momentum is an indicator that measures the speed of price changes. This indicator is used to identify the strength of a trend.
Interpretation: High momentum values indicate a strong uptrend, while low momentum values indicate a strong downtrend.
How to Use the RVMM Indicator
Interpreting Market Conditions:
RSI : Check RSI values below 30 to identify oversold conditions, and above 70 to identify overbought conditions.
VWAP : Observe whether the price is above or below the VWAP line to determine if the market is in an uptrend or downtrend.
MFI : Check if MFI is below 20 to identify oversold conditions, and above 80 to identify overbought conditions.
Momentum : Analyze momentum values to gauge the strength of the current trend.
Confirming Market Conditions:
Use VWAP, MFI, and Momentum to confirm market conditions identified by RSI.
If the price is above the VWAP line, and MFI and Momentum indicate the strength of the uptrend, the market may be in a bullish phase.
If the price is below the VWAP line, and MFI and Momentum indicate the strength of the downtrend, the market may be in a bearish phase.
Risk Management:
Set stop-loss and take-profit levels based on technical analysis and your trading preferences.
Monitor the market and adjust stop-loss and take-profit levels as market conditions change.
Example of Application
Here is an example of how to use the RVMM Indicator in practice:
Bullish Phase: When the price is above the VWAP line, RSI is below 30, and MFI and Momentum indicate the strength of the uptrend, the market is likely in a bullish phase.
Bearish Phase: When the price is below the VWAP line, RSI is above 70, and MFI and Momentum indicate the strength of the downtrend, the market is likely in a bearish phase.
Bull vs Bear CandlesThe Bull vs Bear Candles indicator helps you analyze market sentiment by counting and comparing bullish and bearish candles. It tracks the number of bullish candles and calculates their percentage, then does the same for bearish candles. Based on this data, the indicator determines whether bulls or bears are in control. Additionally, it counts the total number of candles within the selected range, giving you a clearer picture of price action. Use this tool to quickly assess market trends and make more informed trading decisions. 🚀
RSI BB StdDev SignalOverview
The RSI BB StdDev Signal Indicator is a powerful tool designed to enhance your trading strategy by combining the Relative Strength Index (RSI) with Bollinger Bands (BB). This unique combination allows traders to identify potential buy and sell signals more accurately by leveraging the strengths of both indicators. The RSI helps in identifying overbought and oversold conditions, while the Bollinger Bands provide a dynamic range to assess volatility and potential price reversals.
Key Features
— RSI Calculation: The indicator calculates the RSI based on user-defined parameters, allowing for customization to fit different trading styles.
— Bollinger Bands Integration: The RSI values are smoothed using a moving average, and Bollinger Bands are applied to this smoothed RSI to generate buy and sell signals.
— Divergence Detection: The indicator includes an optional feature to detect and alert on bullish and bearish divergences between the RSI and price action.
— Customizable Alerts: Users can set up alerts for buy and sell signals, as well as for divergences, ensuring they never miss a trading opportunity.
— Visual Aids: The indicator plots the RSI, Bollinger Bands, and signals on the chart, making it easy to visualize and interpret the data.
How It Works
1. RSI Calculation:
— The RSI is calculated using the change in the source input (default is close price) over a specified period.
— The RSI values are then plotted on the chart with customizable overbought and oversold levels.
2. Smoothing and Bollinger Bands:
— The RSI values are smoothed using a moving average (SMA, EMA, SMMA, WMA, VWMA) selected by the user.
— Bollinger Bands are applied to the smoothed RSI to create dynamic upper and lower bands.
3. Signal Generation:
—Buy signals are generated when the RSI crosses above the lower Bollinger Band.
—Sell signals are generated when the RSI crosses below the upper Bollinger Band.
—These signals are plotted on both the RSI pane and the main price chart for easy reference.
4. Divergence Detection:
— The indicator can detect and alert on regular bullish and bearish divergences between the RSI and price action.
— Bullish divergences occur when the price makes a lower low, but the RSI makes a higher low.
— Bearish divergences occur when the price makes a higher high, but the RSI makes a lower high.
Usage
1. Setting Up:
— Add the indicator to your TradingView chart.
— Customize the RSI length, source, and other parameters in the settings panel.
— Enable or disable the divergence detection based on your trading strategy.
2. Interpreting Signals:
— Use the buy and sell signals generated by the RSI crossing the Bollinger Bands as potential entry and exit points.
— Pay attention to divergences for additional confirmation of trend reversals.
3. Alerts:
— Set up alerts for buy and sell signals to receive notifications in real-time.
— Enable divergence alerts to be notified of potential trend reversals.
Conclusion
The RSI BB StdDev Signal Indicator is a comprehensive tool that combines the strengths of the RSI and Bollinger Bands to provide traders with more accurate and reliable signals. Whether you are a beginner or an experienced trader, this indicator can enhance your trading strategy by offering clear visual cues and customizable alerts.
Note
This indicator is provided with open-source code, allowing users to understand its logic and customize it further if needed. The detailed description and customizable settings ensure that traders of all levels can benefit from its unique features.
Average Bullish & Bearish Percentage ChangeAverage Bullish & Bearish Percentage Change
Processes two key aspects of directional market movements relative to price levels. Unlike traditional momentum tools, it separately calculates the average of positive and negative percentage changes in price using user-defined independent counts of actual past bullish and bearish candles. This approach delivers comprehensive and precise view of average percentage changes.
FEATURES:
Count-Based Averages: Separate averaging of bullish and bearish %𝜟 based on their respective number of occurrences ensures reliable and precise momentum calculations.
Customizable Averaging: User-defined number of candle count sets number of past bullish and bearish candles used in independent averaging.
Two Methods of Candle Metrics:
1. Net Move: Focuses on the body range of the candle, emphasizing the net directional movement.
2. Full Capacity: Incorporates wicks and gaps to capture full potential of the bar.
The indicator classifies Doji candles contextually, ensuring they are appropriately factored into the bullish or bearish metrics to avoid mistakes in calculation:
1. Standard Doji - open equals close.
2. Flat Close Doji - Candles where the close matches the previous close.
Timeframe Flexibility:
The indicator can be applied across any desired timeframe, allowing for seamless multi-timeframe analysis.
HOW TO USE
Select Method of Bar Metrics:
Net Move: For analyzing markets where price changes are consistent and bars are close to each other.
Full Capacity: Incorporates wicks and gaps, providing relevant figures for markets like stocks
Set the number of past candles to average:
🟩 Average Past Bullish Candles (Default: 10)
🟥 Average Past Bullish Candles (Default: 10)
Why Percentage Change Is Important
Standardized Measurement Across Assets:
Percentage change normalizes price movements, making it easier to compare different assets with varying price levels. For example, a $1 move in a $10 stock is significant, but the same $1 move in a $1,000 stock is negligible.
Highlights Relative Impact:
By measuring the price change as a percentage of the close, traders can better understand the relative impact of a move on the asset’s overall value.
Volatility Insights:
A high percentage change indicates heightened volatility, which can be a signal of potential opportunities or risks, making it more actionable than raw price changes. Percents directly reflect the strength of buying or selling pressure, providing a clearer view of momentum compared to raw price moves, which may not account for the relative size of the move.
By focusing on percentage change, this indicator provides a normalized, actionable, and insightful measure of market momentum, which is critical for comparing, analyzing, and acting on price movements across various assets and conditions.
US Sentiment Index [CryptoSea]The US Sentiment Index is an advanced analytical tool designed for traders seeking to uncover patterns, correlations, and potential leading signals across key market tickers. This indicator surpasses traditional sentiment measures, providing a data-driven approach that offers deeper insights compared to conventional indices like the Fear and Greed Index.
Key Features
Multi-Ticker Analysis: Integrates data from a diverse set of market indicators, including gold, S&P 500, U.S. Dollar Index, Volatility Index, and more, to create a comprehensive view of market sentiment.
Customisable Sensitivity Settings: Allows users to adjust the moving average period to fine-tune the sensitivity of sentiment calculations, adapting the tool to various market conditions and trading strategies.
Detailed Sentiment Scaling: Utilises a 0-100 scale to quantify sentiment strength, with colour gradients that visually represent bearish, neutral, and bullish conditions, aiding in quick decision-making.
Below is an example where the sentiment index can give leading signals. We see a first sign of wekaness in the index as it drops below its moving average. Shortly after we see it dip below our median 50 level, another sign of weakeness. We see the SPX price action to take a hit following the sentiment index decrease.
Tickers Used and Their Impact on Sentiment
The impact of each ticker on sentiment can be bullish or bearish, depending on their behaviour:
Gold (USGD): Typically seen as a safe-haven asset, rising gold prices often indicate increased market fear or bearish sentiment. Conversely, falling gold prices can signal reduced fear and a shift towards bullish sentiment in riskier assets.
S&P 500 (SPX): A rising S&P 500 is usually a sign of bullish sentiment, reflecting confidence in economic growth and market stability. A decline, however, suggests bearish sentiment and a potential move towards risk aversion.
U.S. Dollar Index (DXY): A strengthening U.S. Dollar can be a sign of fear as investors seek safety in the dollar, which is bearish for risk assets. A weakening dollar, on the other hand, can signal bullish sentiment as capital flows into riskier assets.
Volatility Index (VIX): Known as the "fear gauge," a rising VIX indicates increased market fear and bearish sentiment. A falling VIX suggests a calm, bullish market environment.
Junk Bonds (JNK): Rising junk bond prices often reflect bullish sentiment as investors take on more risk for higher returns. Conversely, falling junk bond prices signal increased fear and bearish sentiment.
Long-Term Treasury Bonds (TLT): Higher prices for long-term treasuries usually indicate a flight to safety, reflecting bearish sentiment. Lower prices suggest a shift towards riskier assets, indicating bullish sentiment.
Financial Sector ETF (XLF): Strength in the financial sector is typically bullish, indicating confidence in economic conditions. Weakness in this sector can reflect bearish sentiment and concerns about financial stability.
Unemployment Rate (USUR): A rising unemployment rate is a bearish signal, indicating economic weakness. A declining unemployment rate is bullish, reflecting economic strength and job growth.
U.S. Interest Rates (USINTR, USIRYY): Higher interest rates can be bearish, as they increase borrowing costs and reduce spending. Lower rates are generally bullish, promoting economic growth and risk-taking.
How it Works
Sentiment Calculation: The US Sentiment Index combines data from multiple tickers, calculating sentiment by scaling the distance from their respective moving averages. Each asset's behaviour is interpreted within the context of market fear or greed, providing a refined sentiment reading that adjusts dynamically.
Market Strength Analysis: When the index is above 50 and also above its moving average, it indicates particularly strong or bullish market conditions, driven by greed. Conversely, when the index is below 50 and under its moving average, it signals bearish or weak market conditions, associated with fear.
Correlation and Pattern Detection: The indicator analyses correlations among the included assets to detect patterns that might signal potential market movements, giving traders a leading edge over simpler sentiment measures.
Adaptive Background Colouring: Utilises a colour gradient that dynamically adjusts based on sentiment values, highlighting extreme fear, neutral, and extreme greed levels directly on the chart.
Flexible Display Options: Offers settings to toggle the moving average plot and adjust its period, giving users the ability to tailor the indicator's sensitivity and display to their specific needs.
In this example below, we can see the Sentiment rise above the Moving Average (MA). Price action goes on to follow this, although there is an instance where it dips below the MA, it quickly rises back above again as a sign of strength.
Another way you can use this index is by simply using the MA, if its trending up, we know the macro sentiment is bullish.
Application
Data-Driven Insights: Offers traders a detailed, data-driven approach to sentiment analysis, incorporating a broad spectrum of market indicators to deliver actionable insights.
Pattern Recognition: Helps identify patterns and correlations that may lead to market reversals or continuations, providing a nuanced view that goes beyond simple sentiment gauges.
Enhanced Decision-Making: Equips traders with a robust tool to validate trading strategies and make informed decisions based on comprehensive sentiment analysis.
The US Sentiment Index by is an essential addition to the toolkit of any trader looking to navigate market complexities with precision and confidence. Its advanced features and data-driven approach offer unparalleled insights into market sentiment, setting it apart from conventional sentiment indicators.
RCYC Bullish Bearish Indicator
Summary: The RCYC Bullish Bearish Indicator is a custom trading tool designed to help traders identify potential bullish and bearish conditions in the market using a combination of KDJ and RSI indicators. This indicator uses color-coded candles to visually represent bullish and bearish signals, making it easy to identify trend changes on the chart. The script is particularly useful for traders who prefer visual signals and want to incorporate both trend momentum (KDJ) and relative strength (RSI) in their analysis.
Description:
The RCYC Bullish Bearish Indicator is a unique mashup of the KDJ and RSI indicators, optimized to provide a clear visual representation of market conditions through color-coded candles. This indicator not only identifies the potential trend shifts but also provides alerts for significant crossover points, enhancing a trader's ability to make informed decisions.
How It Works:
KDJ Calculation:
The KDJ is a variation of the Stochastic Oscillator that includes the %J line, which can go beyond the typical 0-100 range of %K and %D.
The KDJ component of this indicator calculates the highest high and lowest low over a specified period (KDJ Length), using these values to derive the %K line.
The %D line is a smoothed version of %K, and the %J line is derived from %K and %D using the formula: J = 3 * %K - 2 * %D.
This indicator focuses on the behavior of the %J line in relation to a mid-point level (50), identifying crossovers and crossunders that signal potential shifts in market sentiment.
RSI Calculation:
The Relative Strength Index (RSI) is a momentum oscillator that measures the speed and change of price movements. It is widely used to identify overbought or oversold conditions.
In this indicator, RSI values are adjusted and plotted to align visually with the KDJ values, providing a complementary momentum analysis.
Crossover Logic and Candle Coloring:
The indicator tracks two main events:
CrossOver50: When the %J line crosses above the 50 level, indicating potential bullish momentum.
CrossUnder50: When the %J line crosses below the 50 level, indicating potential bearish momentum.
Depending on the crossover events, the script changes the color of the candles on the chart:
Red candles on the initial crossover above 50, followed by dark blue candles to maintain bullish sentiment.
Yellow candles on the initial crossover below 50, followed by light blue candles to maintain bearish sentiment.
Alerts:
The indicator includes alert conditions for both bullish and bearish signals:
Red Candle Alert: Notifies the trader when the %J line crosses above 50.
Yellow Candle Alert: Notifies the trader when the %J line crosses below 50.
These alerts allow traders to react promptly to key market signals without continuously monitoring the chart.
Usage and Benefits:
This indicator is designed for traders looking to combine momentum and trend analysis into a single visual tool. It is particularly useful for those trading in trending markets or looking for entry/exit signals based on momentum shifts.
The color-coded candles provide an intuitive way to assess market conditions at a glance, reducing the complexity associated with analyzing multiple indicators separately.
By integrating both KDJ and RSI, the RCYC Bullish Bearish Indicator offers a balanced approach to trend detection and momentum confirmation, making it versatile for various trading styles, including scalping, swing trading, and position trading.
Originality and Usefulness:
While the indicator builds upon the familiar concepts of KDJ and RSI, it uniquely merges them into a cohesive visual tool with distinct crossover-based alerts and candle coloring.
This approach makes the indicator original, as it simplifies the interpretation of complex signals into straightforward visual cues, enhancing the decision-making process for traders who prefer chart-based analysis.
Truly Bullish & Bearish CandleThis Pine Script indicator identifies and highlights truly bullish and bearish candles on your chart. Truly bullish candles are characterized by a strong bullish close significantly above the specific percentage, suggesting strong buying pressure. Conversely, truly bearish candles exhibit a strong bearish close significantly below the specific percentage, indicating strong selling pressure. By identifying these candles, traders can gain insights into potential shifts in market sentiment and make more informed trading decisions.
Key Features:
Identifies truly bullish and bearish candles based on strong open/close differentials.
Highlights these candles on the chart for easy visualization.
Helps traders identify potential reversals or continuations in market trends.
Customizable parameters for fine-tuning to suit individual trading strategies.
Compatible with various timeframes and trading instruments.
Usage Instructions:
Apply the indicator to your chart.
Configure the settings according to your preferences.
Look for highlighted truly bullish and bearish candles as potential entry or exit signals.
Consider additional analysis and risk management strategies to confirm trading decisions.
Disclaimer: This indicator is provided for informational and educational purposes only. It is not intended as financial advice or trading recommendations. Trading involves risks, and it's essential to conduct thorough research and practice proper risk management techniques.
TL Three-Color CandleA traditional candle only has two colors, either green or red. A TL candle goes one step further, it has three colors: green for bullish (perfectly bullish), red for bearish (perfectly bearish), and yellow for ranging (wake-up, sleeping). A green TL candle means that its close is not only higher than its open but also higher than previous close, previous open and especially previous high, among other conditions. In the other extreme, a red TL candle indicates that its close is not only lower than its open but also lower than previous close, previous open and especially lower than previous low, among other conditions. TL candle does its best to tackle the trap of going against the trend: short when the price seems to be high in an uptrend or buy when the price seems to be low in a downtrend.
Parameters:
Volume Active Percentile % , Min Height Percentile of Bullish/Bearish Candle % . (Intraday)
Back Two Candles . (Intraday, day and above)
Usage:
After adding TL3CC to the chart, find Visual Order or Object Tree and bring TL3CC forward to be above the chart candle.
While a bullish trend includes green and yellow TL candles, a bearish trend includes red and yellow ones. It is the best to enter after the first bullish/bearish TL candle of each trend. It is extremely important, never ever try to go against TL candle.
There are many cases when red and green TL candles are twisted and we could have profit in both directions. It is the time that market is fluctuating strongly. We enter when TL candle has one color, but it changes to the opposite color after that as the price pulls back. In those cases, be calm and patient to wait for the first reversal to exit, it should come.
Markets: Developed and tested on: US100. Timeframes: Developed and tested on: 30m.
Bull Bear Power with Optional Normalization FunctionThis indicator is designed to provide traders with insights into market sentiment and potential trend reversals. This indicator enhances the traditional Bull Bear Power (BBP) by adding valuable visualizations and customization options to assist traders in making informed trading decisions.
Indicator Overview:
The NBBP indicator calculates Bull Bear Power, which measures the strength of bullish and bearish forces in the market. It does so by taking the difference between the high and the exponential moving average (EMA) of the closing price for a specified length. This raw BBP is represented on the chart as a line.
Key Features:
-- Zero Line : The NBBP indicator introduces a central reference line at zero. This line serves as a pivotal point for interpreting market sentiment. When the BBP line is above zero, it is colored green, indicating a predominance of bullish sentiment. Conversely, when the BBP line is below zero, it turns red, signaling a prevalence of bearish sentiment. This coloration helps traders quickly identify shifts in market sentiment.
-- OPTIONAL Normalization Function : One of the standout features of the NBBP indicator is its optional normalization function. When activated in the settings menu, this function scales the BBP values from -1 to +1. This means that BBP values are adjusted to fit within a standardized range, making it easier for traders to compare sentiment across different timeframes or assets. Normalization is particularly valuable for identifying extreme sentiment conditions and potential reversals.
-- Moving Average : To provide additional context and smooth out BBP fluctuations, the indicator includes an exponential moving average (EMA). The EMA of BBP is plotted on the chart as a white line. Traders can use this moving average to identify trends and potential trend reversals.
-- Fill Between Lines : The indicator visually enhances the BBP by filling the area between the BBP line and the zero line with a translucent color. This fill helps traders visualize the strength and duration of bullish or bearish sentiment.
Interpretation:
-- BBP Line : Traders can assess the raw BBP line for shifts in sentiment. When the line crosses above zero, it may suggest a shift from bearish to bullish sentiment, potentially indicating a buying opportunity. Conversely, when the line crosses below zero, it may signal a shift from bullish to bearish sentiment, suggesting a potential selling opportunity.
-- Normalization Function : The optional normalization function allows traders to gauge sentiment on a standardized scale. Values above 0 indicate bullish sentiment, while values below 0 suggest bearish sentiment. The closer the values are to their polar ends (-1 or +1), the stronger the sentiment.
-- Moving Average : The EMA of BBP helps identify trends. When BBP crosses above the EMA, it may indicate a strengthening bullish trend, while a crossover below the EMA may suggest a bearish trend.
Customization:
The NBBP indicator provides traders with flexibility through customizable settings. Users can adjust the BBP length, EMA length, and choose to activate or deactivate the normalization function based on their trading preferences and strategy.
Limitations:
The NBBP indicator is most effective when used in conjunction with other technical analysis tools and market context. Traders should consider multiple factors when making trading decisions.
Normalization function results may vary depending on the chosen length and market conditions. If the desired result is not achieved through default settings, try changing timeframes or toggling on/off the normalization function. Users should exercise caution and combine it with other indicators and analysis techniques.
In conclusion, the NBBP indicator is a versatile tool that empowers traders to assess market sentiment, identify potential reversals, and follow trends. Its intuitive visualizations, normalization function, and customizable settings make it a valuable addition to any trader's toolkit.
Colored VWAP and BarcolorThis indicator plots the Volume Weighted Average Price (VWAP) as well as changes the bar color if the current price is above or below VWAP, for quick visual reference.
Background Information
Straight from TradingView, "Volume Weighted Average Price (VWAP) is a technical analysis tool used to measure the average price weighted by volume. VWAP is typically used with intraday charts as a way to determine the general direction of intraday prices. It's similar to a moving average in that when price is above VWAP, prices are rising and when price is below VWAP, prices are falling. VWAP is primarily used by technical analysts to identify market trend."
About the Indicator
This indicator changes the VWAP line color and bar color based on the current price.
Bar Color
Bullish Up Candle Color = Current price is above VWAP and the close of the candle was greater than the open.
Bullish Down Candle Color = Current price is above VWAP and the close of the candle was less than the open.
Bearish Up Candle Color = Current price is below VWAP and the close of the candle was greater than the open.
Bearish Down Candle Color = Current price is below VWAP and the close of the candle was less than the open.
