Props to Madrid for creating the original script: Madrid Moving Average Ribbon. All I did was upgrade it to pinescript v5 and added a few changes to the script. Features and Functionality Moving Average Types: The indicator offers a choice between exponential moving averages (EMAs) and simple moving averages (SMAs), allowing users to select the type that...
SKEW and VIX are both indicators of market volatility and risk, but they represent different aspects. VIX (CBOE Volatility Index) :. The VIX is a well-known indicator for predicting future market volatility. It is calculated primarily based on S&P 500 options premiums and indicates the degree of market instability and risk. Typically, when the VIX is high,...
"Quadratic Weighted Bands" (QWB) is designed to identify and visualize market trends and volatility using quadratic weighted filtering techniques. It works by applying quadratic weighting to a selected data source over a specified length, enhancing the sensitivity and responsiveness of the indicator to recent market movements. A major advantage of this indicator...
Hey everyone! This is a new indicator of mine. If you know me, you know I really like Z-Score and there are a lot of cool things that can be done with Z-Score, especially as it pertains to trading! This indicator uses Z-Score but in a different way from conventional Z-Score indicators (including mine). It uses Z-Score to plot out the current 1 year trend of a...
On Balance Volume (OBV) is a gift to traders. OBV often provides a leading signal at the outset of a trend, when compression in the markets produces a surge in OBV prior to increased volatility. This indicator demonstrates one method of utilizing OBV to your advantage. I call it the "OBVious MA Indicator ” only because it is simple in its mechanics. The...
EHRHART Algo Premium is a indicator designed to help traders analyze market flow. It work with multiple EMA for identifying the sentiment of market. It's very simple calculation but it's a good help for people who use price action. I think the visual of the chart is very important and and I wanted to create an indicator very visual. I'm price action lover like...
ntroduction The "Long / Short OI Build Up" script is designed to identify potential long or short build-up opportunities based on changes in open interest (OI) and price movements. Open interest refers to the total number of outstanding contracts for a financial asset, such as futures or options, that have not been settled. This script provides insights into...
Input : * two option Premiums * net Premium Paid for LONG * net Premium Received for SHORT based on the above data it plots the line chart of the premiums the indicator can be used to monitor the straddle / strangle positions the table displays the premiums of the corresponding options premiums and the current premiums based on the positions the color of the...
Introducing the On Chart Reverse PMARP Concept The PMAR/PMARP is an indicator which calculates : The ratio between a chosen source price and a user defined moving average ( Price Moving Average Ratio ). The percentile of the PMAR over an adjustable lookback period ( Price Moving Average Ratio Percentile ). Here I have 'reverse engineered' the PMAR / PMARP...
The 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...
💎 GENERAL OVERVIEW Introducing our new Exponential Moving Average (EMA) Cross Dashboard! This dashboard let's you select a source for the calculation of the EMA of it, then let's you enter 2 lengths for up to 5 timeframes, plotting their crosses in the chart. Features of the new EMA Cross Dashboard : Shows EMA Crosses Across Up To 5 Different Timeframes. ...
Imbalances in the charts are some of the clearest and most traded price areas. Two of the best and most used are fair value gaps FVGs and large candle wicks. In both of these price appears to move in such a way that most are left behind having 'missed' the move. But in reality price will often come back to these price points to re-balance and absorb the liquidity...
🎉 Introducing the Unmitigated Liquidity Imbalance Indicator by AlgoAlpha! 🎉 Dive into the depths of market analytics with our "Unmitigated Liquidity Imbalance" indicator. This tool harnesses unique algorithms to detect liquidity imbalances between bulls and bears, helping traders spot trends and potential entry and exit points with greater accuracy. 📈🚀 🔍 Key...
The VWAP Spider indicator enhances the conventional Volume Weighted Average Price (VWAP) analysis by anchoring it to the first candle and incorporating an extensive series of standard deviation (SD) lines, extending up to +8 SDs with additional half-step increments. This configuration provides a more suitable set of lines for identifying support and resistance,...
An equity curve is a graphical representation of the change in the value of a trading account over a time period. The equity curve is a direct reflection of a trading strategy's effectiveness. A consistently upward-trending equity curve indicates a successful strategy, while a flat or declining curve may signal the need for adjustment. This indicator takes...
Entry Fragger is a simple buy signal indicator. It is most suitable for cryptocurrency, especially for altcoins on the 5 minute to daily timeframe and is based on simple volume calculations, in combination with EMA's. Main Signal Logic explained: A buy signal is generated by counting candles with an above average sell volume of 130% to 170%, taking into...
Relative strength index based on volume data. Indicate volume momentum, and help you define divergences on volume. The goal is to have an idea and represent in another form volumes and kept eyes on volume momentum on a certain period. RSI is an indicator about the strength, I keep the oversold/overbought thresholds. I think it still makes sense to interpret. the...
The Bollinger Bands Stochastic RSI Extreme Strategy is a comprehensive trading approach designed for use on the TradingView platform, employing a combination of Bollinger Bands and the Stochastic RSI to identify potential entry and exit points in the market. This strategy is converted into Pine Script version 5 and is specifically tailored as a strategy rather...