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ADR & ATR OverlayADR & ATR Overlay This indicator will display the following as an overlay on your chart: ADR % of ADR ADR % of Price ATR % of ATR ATR % of Price Description: ADR : Average Day Range % of ADR : Percentage that the current price move has covered its average. ADR % of Price : The percentage move implied by the average range. ATR : Average True Range % of ATR : Percentage that the current price move has covered its average. ATR % of Price : The percentage move implied by the average true range. Options: Time Frame Length Smoothing Enable or Disable each value Text Color Background Color How to use this indicator: The ADR and ATR can be used to provide information about average price moves to help set targets, stop losses, entries and exits based on the potential average moves. Example: If the "% of ADR" is reading 100%, then 100% of the asset's average price range has been covered, suggesting that an additional move beyond the range has a lower probability. Example: "ADR % of Price" provides potential price movement in percentage which can be used to asses R/R for asset. Example: ADR (D) reading is 100% at market close but ATR (D) is at 70% at close. This suggests that there is a potential move of 30% in Pre/Post market as suggested by averages. Notes: These indicators are available as oscillators to place under your chart through trading view but this indicator will place them on the chart in numerical only format. Please feel free to modify this script if you like but please acknowledge me, I am only a hobby coder so this takes some time & effort.
Pine Script® indicator
by abbadon9
Vacuum Candles [XrayAlgo]The Vacuum Candles indicator helps traders identify inefficient price movements—where the price moves significantly but lacks sufficient volume to support it. These inefficiencies may signal weak trends, potential reversals, or false breakouts/breakdowns. Inefficient candles are visually marked with a darker / black body to indicate when the price movement is disproportionate to the volume. 1. Spotting Potential Reversals When the indicator marks an inefficient candle, it signals that the price movement may be unsustainable. In an uptrend: A inefficient bullish candle suggests that the uptrend is losing momentum, potentially leading to a downward reversal. In a downtrend: A inefficient bearish candle signals that the downtrend may be weakening, with a potential bullish reversal. 2. Identifying Breakout and Breakdown Failures This indicator is useful for recognizing false breakouts or false breakdowns. If price breaks resistance but the candle is inefficient, the breakout may be weak and could fail quickly. If price breaks support with an inefficient bearish candle, the breakdown could be a false signal, with price reverting back above support. 3. Recognizing Weak Trends Inefficient candles help you spot when a trend is losing strength and could soon reverse or consolidate. In an uptrend: A series of dark body bullish candles suggests that the uptrend may be weakening, signaling a potential correction or trend reversal. In a downtrend: A series of dark body bearish candles suggests that the selling pressure is weakening, indicating a potential bullish reversal. 4. Fine-Tuning Entries and Exits Inefficient candles offer an opportunity to fine-tune your entries and exits based on weak price moves. Entering a trade: An inefficient candle near key support or resistance can indicate a reversal, making it a good entry point for a counter-trend position. Exiting a trade: If you're already in a trend, and an inefficient candle appears, it suggests the trend is losing strength, indicating it may be a good time to exit before a potential reversal. 5. Fine-Tuning with Inputs The Vacuum Candles indicator includes two key inputs: Length: The number of candles used to calculate the average price movement and volume. A longer length (e.g., 20-30) smooths out the inefficiencies, while a shorter length (e.g., 10-15) makes the indicator more sensitive to recent price moves. Multiplier: Controls the threshold for what is considered an inefficient candle: A higher Multiplier (e.g., 1.5–3) filters out smaller inefficiencies and focuses on large discrepancies. A lower Multiplier (e.g., 0.1–0.9) captures even smaller inefficiencies in highly efficient markets.
Pine Script® indicator
by XrayAlgo
Volume Profile + Price Action Strategy (POC-based)This indicator combines volume dynamics, price action patterns, and a simplified Point of Control (POC) to highlight potential high-probability trade zones. 🔍 Key Features POC-Based Logic Plots the POC from the most recent closed 10-minute candle as a horizontal level for intraday structure. Volume Spike Detection Highlights unusual activity based on volume compared to the average of the last N candles. Effort vs. Result Analysis Based on Wyckoff-inspired logic: Absorption: Large volume, small body → possible buyer/seller absorption False Move: Small volume, large body → potential fakeout Price Action Recognition Detects: Inside Bars Pin Bars Engulfing Candles Signal Highlights 🔺 Absorption Signals (below bar, teal triangle) 🔻 False Move Signals (above bar, orange triangle) 🔷 POC Line ⚙️ Customizable Inputs You can control signal sensitivity with these inputs: Volume Spike Multiplier Raise to filter only extreme volume spikes → Recommended: 2.0 to 3.0 for cleaner setups Absorption Body Ratio Lower to detect only very small bodies (tight candles) → Try 0.3 to 0.4 for stricter absorption logic False Move Body Ratio Raise to catch only large candles on low volume → Use 2.0+ to filter weak moves 🧠 How to Use Use in confluence with: Support/Resistance VWAP or moving averages Session opens/closes Best on 10-minute charts, but adjustable ✅ Signal Tuning Tips Want fewer but cleaner signals? Increase Volume Spike Multiplier: 2.5+ Decrease Absorption Body Ratio: 0.3 Increase False Move Ratio: 2.0+ Want more frequent signals? Lower Volume Multiplier: 1.2–1.5 Raise Absorption Ratio: 0.6+ Lower False Move Ratio: 1.2–1.4 📊 Recommended Timeframe Optimized for 10-minute charts Works intraday, especially around session opens and POC re-tests ⚠️ Disclaimer This script is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any asset. Past performance is not indicative of future results. Always do your own research and consult a licensed financial advisor before making trading decisions. Use at your own risk.
Pine Script® indicator
by ir4onok88
EMA Price Range by tuanduongEMA Price Range Indicator – Dynamic Range Analysis with Custom EMA (tuanduong2511) Overview The EMA Price Range Indicator is designed to help traders visualize the distance between price action and a key Exponential Moving Average (EMA). This indicator dynamically calculates the range from each candle to a user-defined EMA and displays it in a real-time table. By understanding the relationship between price and the EMA, traders can better gauge potential support, resistance, and overextension in the market. Key Features ✅ Customizable EMA – Allows users to choose the EMA period that best suits their strategy (default: 144). ✅ Real-Time Range Calculation – Computes the absolute difference between the EMA and the price (using the high or low, depending on whether the candle is above or below the EMA). ✅ Minimalist UI – The EMA is plotted directly on the chart, while a small table in the bottom-right corner provides numerical insights, reducing chart clutter. ✅ Versatile Use Cases – Suitable for trend-following traders (identifying pullbacks to EMA) and mean-reversion traders (spotting extended price movements). How It Works User-Defined EMA: The script calculates an Exponential Moving Average (EMA) based on the selected period. EMA adapts dynamically, giving more weight to recent price movements. Range Calculation: If the price is above the EMA, the range is measured from the high point of the candle to the EMA. If the price is below the EMA, the range is measured from the low point of the candle to the EMA. This approach ensures that we’re measuring the most relevant distance for price interaction. Live Table Display: The current EMA value and the distance (range) from the price are displayed in a small table in the bottom-right corner of the chart. How to Use It 📌 Trend Traders: Use the indicator to track pullbacks to key EMAs (e.g., EMA 50, 144, or 200). When the price is far from the EMA, it may indicate an overextended trend or potential retracement zone. 📌 Mean Reversion Traders: Look for extreme deviations between price and the EMA. Large distances can signal potential price snapbacks to the mean. 📌 Scalping & Day Trading: Short-term traders can use it with fast EMAs (e.g., EMA 21 or 34) to measure quick price movements relative to short-term momentum. Why This Indicator? Unlike traditional EMA indicators, which only plot a moving average, this script provides quantifiable price distance to the EMA, helping traders make data-driven decisions. It allows traders to answer: ✅ Is the price stretched too far from the EMA? ✅ Should I wait for a pullback before entering? ✅ Is the trend strong, or is the price losing momentum? By integrating EMA-based range analysis, traders gain a clearer understanding of market conditions and can improve their entry, exit, and risk management strategies.
Pine Script® indicator
by tuanduong2511
Real-Time Price Comparator→ La version française se trouve plus bas ← Real-Time Price Spread Comparator This indicator allows you to compare the real-time price difference (spread) between two assets. It is particularly useful for spotting arbitrage opportunities or price discrepancies between different markets. 💡 Why is this useful? This tool is especially practical for monitoring the gap between CME futures and the spot market. If the spread becomes too large, we can expect the market to rebalance, which can help anticipate potential price movements. 📌 Features: ✅ Compare two assets of your choice (default: BTC CME vs. BTC OANDA). ✅ Displays the spread as a real-time value on the chart. ✅ Customizable threshold for alerts when the spread exceeds a certain value. ✅ Visual alert: The label changes color and an alert icon appears when the threshold is exceeded. ✅ Adjustable label position to avoid obstructing candlestick wicks. 🛠️ How to Use: 1️⃣ Choose the asset to compare (for example, BTC CME). 2️⃣ Select the main chart (the one you are currently viewing, such as BTC OANDA). 3️⃣ Set the alert threshold (the spread value that will trigger an alert). 4️⃣ Adjust the label position using the offset settings if needed. 5️⃣ When the spread exceeds the threshold, an alert will be displayed! ------------------------------------------------- Comparateur de Spread en Temps Réel Cet indicateur permet de comparer en temps réel la différence de prix (spread) entre deux actifs. Il est particulièrement utile pour détecter des opportunités d’arbitrage ou des écarts de prix entre différents marchés. 💡 Pourquoi c'est utile ? Cet outil est pratique pour surveiller l’écart entre les contrats à terme CME et le marché spot. Si l’écart devient trop important, on peut s’attendre à ce que le marché s’équilibre, ce qui peut nous orienter sur les futurs mouvements du prix. 📌 Fonctionnalités : ✅ Comparez deux actifs de votre choix (par défaut : BTC CME vs. BTC OANDA). ✅ Affiche le spread en temps réel directement sur le graphique. ✅ Définissez un seuil d’alerte pour être notifié visuellement sur le graphique si le spread dépasse une certaine valeur. ✅ Alerte visuelle : le label change de couleur et une icône d’alerte apparaît en cas de dépassement. ✅ Ajustez la position du label pour éviter qu’il ne cache les mèches des bougies. 🛠️ Comment l’utiliser : 1️⃣ Choisissez l’actif à comparer (exemple : BTC CME). 2️⃣ Sélectionnez ensuite l’actif affiché sur votre graphique principal (exemple : BTC OANDA). 3️⃣ Définissez le seuil d’alerte (valeur du spread qui déclenchera une alerte). 4️⃣ Ajustez la position du label grâce aux options d’offset si nécessaire. 5️⃣ Si le spread dépasse le seuil, une alerte visuelle apparaîtra !
Pine Script® indicator
by Cryptos_Formation_Continue
Price AltimeterThis indicator should help visualize the price, inspired by a Digital Altimeter in a Pilots HUD. It's by default calibrated to Bitcoin, with the small levels showing every $100 and the larger levels setup to display on every $1000. But you can change this to whatever you want by changing the settings for: Small and Large Level Increments. The default colors are grey, but can be changed to whatever you want, and there are two cause if you want they work as a gradient. There are options to fade as the values go away from the current price action. There are options for Forward and Backward Offsets, 0 is the current price and each value represents a candle on whatever time frame your currently on. Other Options include the Fade Ratio, the Line Width and Style, which are all self explanatory. Hope you Enjoy! Backtest it in fast mode to see it in action a little better... Known Issues: For some reason it bug's out when either or are displaying more than 19 lines, unsure why so its limited to that for now. Extra Note on what this may be useful for: I always wanted to make this, but didn't realize how to put things in front of the price action... Offset! Duh! Anyways, I thought of this one because I often it's hard on these charts to really get an idea for absolute price amounts across different time frames, this in an intuitive, at a glance way to see it because the regular price thing on the right always adds values between values when you zoom in and you can sometimes get lost figuring out the proportions of things. Could also be useful for Scalping?
Pine Script® indicator
by Pouncer626
Static price-range projection by symbolThis indicator shows you a predefined range to the right of the last candle of your chart. This range is custom and can be changed for a handful of symbols that you can choose. This scale will help you determining if the market is providing a reasonable range before you enter a trade or if the market isn't actually moving as much as you might think. This is particularly useful if you are into scalping and have to consider commission or spread in your trades. Since all symbols have different price ranges in which they move this indicator doesn't make sense to just have "a one size fits all" approach. That's why you can choose up to 6 symbols and set the range that you want to have shown for each when you pull it up on the chart. Using my default values that means for when the NQ (Nasdaq future) is on the chart you will see a range of 20 handles projected. When you change the the ES (S&P500 future) you will instead see 5 handles. While the number is different that is somewhat of an equal move in both symbols. There also is an option to set a default price range for all other symbols that are not selected if it is needed. However the display of the scale on anything else than the 6 selected symbols can also be turned off. There are options provided on how exactly you want to indicator to determine if the chart symbol matches one of the selected symbols. You can enable it to make sure the exchange/broker is the exact same as selected. It can check for only the symbol root to match the selection. Specifically for futures this means that while ES1! might be selected, anything ES (ES1!, ES2!, ESH2025, ESM2025, ESM2022, ...) will be a match to the selection) On the painted scale it is possible to not just show this range extended into each direction once. Per default you will have 3 segments of it in each direction. This can be reduced to just 1 or increased. If you chose a high number of segments or a large range make sure to use the "Scale price chart only" option on your chart scale to not have the symbols price candles squished together by the charts auto scaling. And last but not least the indicator options provide some possibilities to change the appearance of the printed price range scale in case you disagree with my design.
Pine Script® indicator
by Remote-Trading
Unmitigated 50% of the RangeThis indicator is designed to display unmitigated 50% zones of price ranges within two swing (High and Low) points. The 50% level serves as a probable target for retracements before the price resumes its movement in the direction of the most recent swing. The underlying theory is that Price Action tends to correct unbalanced price zones by returning to 50% of the range. The indicator identifies highs and lows utilizing the “Left Swing Sensitivity” setting, which detects the high/low points within the specified number of bars. It then ensures that the zone meets a minimum size requirement, configured via the “Minimum Leg Size” setting, to filter out smaller legs/zones that would not provide sufficient profit and loss opportunities for entries at 50% and take profit at the most recent swing point. To prevent duplication of zones when the price is gradually moving up, an "Auto Adjust Levels" setting is available. Enabled by default, this feature automatically cleans up smaller zones, retaining only the primary zone between the most recent swing point and the outer swing. Additionally, the indicator automatically removes mitigated zones where the price has returned to the 50% level, thus maintaining clean charts. There are several visualization settings available, offering comprehensive control over what is displayed on the charts: Control the color and style of the lines representing the 1, 0, and 50% levels. Choose whether to display labels and if they should show the price at the rendered levels. Optionally extend the lines/labels to the right for each level.
Pine Script® indicator
by outofoptions
1
Dynamic Buy/Sell VisualizationDynamic Trend Visualization Indicator Description: This simple and easy to use indicator has helped me stay in trades longer. This indicator is designed to visually represent potential buy and sell signals based on the crossover of two Simple Moving Averages (SMA). It's crafted to assist traders in identifying trend directions in a straightforward manner, making it an excellent tool for both beginners and experienced traders. Features: Customizable Moving Averages: Users can adjust the period length for both short-term (default: 10) and long-term (default: 50) SMAs to suit their trading strategy. Visual Signals: Dynamic lines appear at the points of SMA crossover, with labels to indicate 'BUY' or 'SELL' opportunities. Color and Style Customization: Customize the appearance of the buy and sell lines for better chart readability. Alert Functionality: Alerts are set up to notify users when a crossover indicating a buy or sell condition occurs. How It Works: A 'BUY' signal is generated when the short-term SMA crosses above the long-term SMA, suggesting an upward trend. A 'SELL' signal is indicated when the short-term SMA crosses below the long-term SMA, pointing to a potential downward trend. Use Cases: Trend Following: Ideal for markets with clear trends. For example, if trading EUR/USD on a daily chart, setting the short SMA to 10 days and the long SMA to 50 days might help in capturing longer-term trends. Scalping: In a volatile market, setting shorter periods (e.g., 5 for short SMA and 20 for long SMA) might catch quicker trend changes, suitable for scalping. Examples of how to use * Short-term for Quick Trades: SMA 5 and SMA 21: Purpose: This combination is tailored for day traders or those looking to engage in scalping. The 5 SMA will react rapidly to price changes, providing early signals for buy or sell opportunities. The 21 SMA, being a Fibonacci number, offers a slightly longer-term view to confirm the short-term trend, helping to filter out minor fluctuations that might lead to false signals. * Middle-term for Swing Trading: SMA 10 and SMA 50: Purpose: Suited for swing traders who aim to capitalize on medium-term trends. The 10 SMA picks up on immediate market movements, while the 50 SMA gives insight into the medium-term direction. This setup helps in identifying when a short-term trend aligns with a longer-term trend, providing a good balance for trades that might last several days to a couple of weeks. * Long-term Trading: SMA 50 and SMA 200: Purpose: Investors focusing on long-term trends would benefit from this pair. The crossover of the 50 SMA over the 200 SMA can indicate the beginning or end of major market trends, ideal for making decisions about long-term holdings that might span months or years. Example Strategy if not using the Buy / Sell Label Alerts: Entry Signal: Enter a long position when the shorter SMA crosses above the longer SMA. For example: SMA 10 crosses above SMA 50 for a medium-term bullish signal. Exit Signal: Consider exiting or initiating a short position when: SMA 10 crosses below SMA 50, suggesting a bearish turn in the medium-term trend. Confirmation: Use these crossovers in conjunction with other indicators like volume or momentum indicators for better confirmation. For instance, if you're using the 5/21 combination, look for volume spikes on crossovers to confirm the move's strength. When Not to Use: Sideways or Range-Bound Markets: The indicator might generate many false signals in a non-trending market, leading to potential losses. High Volatility Without Clear Trends: Rapid price movements without a consistent direction can result in misleading crossovers. As a Standalone Tool: It should not be used in isolation. Combining with other indicators like RSI or MACD for confirmation can enhance trading decisions. Practical Example: Buy Signal: If you're watching Apple Inc. (AAPL) on a weekly chart, a crossover where the 10-week SMA moves above the 50-week SMA could suggest a buying opportunity, especially if confirmed by volume increase or other technical indicators. Sell Signal: Conversely, if the 10-week SMA dips below the 50-week SMA, it might be time to consider selling, particularly if other bearish signals are present. Conclusion: The "Dynamic Trend Visualization" indicator provides a visual aid for trend-following strategies, offering customization and alert features to streamline the trading process. However, it's crucial to use this in conjunction with other analysis methods to mitigate the risks of false signals or market anomalies. Legal Disclaimer: This indicator is for educational purposes only. It does not guarantee profits or provide investment advice. Trading involves risk; please conduct thorough or consult with a financial advisor. The creator is not responsible for any losses incurred. By using this indicator, you agree to these terms.
Pine Script® indicator
by thisgirl
P.I.B. System (Pin Bar | Inside Bar) // AlgoFyreThe "P.I.B. System (Pin Bar | Inside Bar)" identifies bullish and bearish pin bars and inside bars on a price chart. It highlights potential market reversals by plotting labels and colorizing bars, providing traders with visual cues for better decision-making. Description The "P.I.B. System (Pin Bar | Inside Bar)" script is designed to help traders identify potential reversal points in the market by detecting bullish and bearish pin bars and inside bars. A pin bar is a candlestick pattern that indicates a potential reversal, characterized by a small body and a long wick. Inside bars are candlestick patterns where the current bar's high and low are within the previous bar's range, indicating potential consolidation before a breakout. This script allows customization of various parameters to fine-tune the identification of pin bars and inside bars. When a pin bar or an inside bar is detected, the script plots a label on the chart and colorizes the bars to highlight these patterns. This tool is useful for traders looking to identify potential reversal points and make informed trading decisions. Explanation of All Options Pin-Wick Size Ratio Minimum Value : The minimum ratio of the wick size to the total candle size for a pin bar to be considered valid. Default is 0.66. Candle Body Size Ratio Maximum Value : The maximum ratio of the body size to the total candle size for a pin bar to be considered valid. Default is 0.4. Handle-Wick Wick Size Ratio Maximum Value : The maximum ratio of the opposite wick size to the total candle size for a pin bar to be considered valid. Default is 0.4. Filter Out Small Candles : Option to filter out small candles based on the previous candle's size. Default is true. Small Candle Size Ratio : The ratio used to determine if a candle is considered small compared to the previous candle. Default is 2.0. Identify Inside Bars : Option to identify inside bars following a pin bar. Default is true. Show Only P.I.B. : Option to show only the bars where a pin bar is followed by an inside bar. Default is true. Hide Horizontal Rays : Option to hide horizontal rays drawn from the last identified pin bars. Default is false. How to Use To use this script, add it to your chart. Customize the input parameters to match your trading strategy. The script will automatically identify and highlight bullish and bearish pin bars and inside bars on the chart. Use the visual cues provided by the labels and colorized bars to make informed trading decisions.
Pine Script® indicator
by AlgoFyre
2
Forex Session Tracker [MacroGlide]Forex Session Tracker is a tool designed to track and visualize trading activity across the four key Forex market sessions: New York, London, Tokyo, and Sydney. The indicator helps traders see the time intervals of each session, their impact on price movements, and analyze volatility within these sessions. Key Features: • Session Visualization: The indicator highlights price ranges during the New York, London, Tokyo, and Sydney sessions using different colors, making data easier to visually interpret and analyze. Users can customize the color scheme for each session. • Price Change Analysis: The indicator tracks the opening prices of each session and calculates the price changes by the session's close. This allows traders to assess market dynamics within each session and make informed trading decisions. • Average Price Changes: The average price change for a specified number of sessions is calculated for each session, helping to identify trends and volatility levels. • Time Zone Support: The indicator takes into account time zones, allowing users to adjust the display according to their location or use the market's time zone. • Interactive Dashboard: The built-in dashboard shows the status of each session in real-time (active or inactive), recent price changes, and average changes, providing quick access to key information directly on the chart. How to Use: • Add the indicator to your chart and configure the displayed sessions according to your needs. • Use color differentiation to easily identify active trading sessions and assess their impact on price movements. • Monitor price changes in each session and analyze averages for a deeper understanding of market trends. Methodology: The indicator uses the time intervals of each trading session to calculate and display opening prices, price ranges, and price changes for the session. Based on this data, the Forex Session Tracker visualizes the session's high and low prices and calculates the average price change over the last several sessions. All data is displayed in real-time, considering the user's time zone settings or the market's time zone. Originality and Usefulness: Forex Session Tracker stands out for its ability to combine price change information from several key trading sessions into one indicator, providing traders with a simple and clear way to analyze market activity across different time zones. Charts: The indicator displays clean and clear charts, where each trading session is highlighted with its own color, making visual interpretation easier. The charts focus only on essential information for analysis: opening prices, session ranges, and price changes. The integrated dashboard provides quick access to key session metrics, such as activity status, recent price changes, and average values for the selected period. These features make the charts highly useful for rapid analysis and trading decision-making. Enjoy the game!
Pine Script® indicator
by MacroGlide
Volatility and Volume by Hour EXT(Extended republication, use this instead of the old one) The goal of this indicator is to show a “characteristic” of the instrument, regarding the price change and trading volume. You can see how the instrument “behaved” throughout the day in the lookback period. I've found this useful for timing in day trading. The indicator creates a table on the chart to display various statistics for each hour of the day. Important: ONLY SHOWS THE TABLE IF THE CHART’S TIMEFRAME IS 1H! Explanation of the columns: 1. Volatility Percentage (Volat): This column shows the volatility of the price as a percentage. For example, a value of "15%" means the price movement was 15% of the total daily price movement within the hour. 2. Hourly Point Change (PointCh): This column shows the change in price points for each hour in the lookback period. For example, a value of "5" means the price has increased by 5 points in the hour, while "-3" means it has decreased by 3 points. 3. Hourly Point Change Percentage (PrCh% (LeverageX)): This column shows the percentage change in price points for each hour, adjusted with leverage multiplier. Displayed green (+) or red (-) accordingly. For example, a value of "10%" with a leverage of 2X means the price has effectively changed by 5% due to the leverage. 4. Trading Volume Percentage (TrVol): This column shows the percentage of the daily total volume that was traded in a specific hour. For example, a value of "10%" would mean that 10% of the day's total trading volume occurred in that hour. 5. Added New! - Relevancy Check: The indicator checks the last 24 candle. If the direction of the price movement was the same in the last 24 hour as the statistical direction in that hour, the background of the relevant hour in the second column goes green. For example: if today at 9 o'clock the price went lower, so as at 9 o'clock in the loopback period, the instrument "behaves" according to statistics . So the statistics is probably more relevant for today. The more green background row the more relevancy. Settings: 1. Lookback period: The lookback period is the number of previous bars from which data is taken to perform calculations. In this script, it's used in a loop that iterates over a certain number of past bars to calculate the statistics. TIP: Select a period the contains a trend in one direction, because an upward and a downward trend compensate the price movement in opposite directions. 2. Timezone: This is a string input that represents the user's timezone. The default value is "UTC+2". Adjust it to your timezone in order to view the hours properly. 3. Leverage: The default value is 10(!). This input is used to adjust the hourly point change percentage. For FOREX traders (for example) the statistics can show the leveraged percentage of price change. Set that according the leverage you trade the instrument with. Use at your own risk, provided “as is” basis! Hope you find it useful! Cheers!
Pine Script® indicator
by FutuRInvest
2
Volume Surge Analysis [UAlgo]The "Volume Surge Analysis " indicator is designed to detect significant volume surges in the market. By analyzing volume relative to its moving average and incorporating a comparison of the true range of price movements, this script highlights potential bullish and bearish volume spikes. Traders can utilize these signals to identify moments of heightened market activity that may indicate strong buying or selling pressure. 🔶Features Volume Multiplier: Customizable setting to define the threshold for what constitutes a volume surge. Volume SMA Length: Adjustable length for the Simple Moving Average (SMA) of volume. Price Movement Analysis Enhances the volume analysis by adding an additional layer of context, helping to confirm whether a volume surge is associated with buying or selling pressure. True Range Calculation: Measures the range of price movement to understand volatility. Positive Movement (DM+): Calculated when the current high minus the previous high is greater than the previous low minus the current low. This helps identify strong upward movements. Negative Movement (DM-): Calculated when the previous low minus the current low is greater than the current high minus the previous high. This helps identify strong downward movements. Integration with Volume Analysis: By combining the volume analysis with price movement analysis, the script can more accurately determine whether a volume surge is likely driven by bullish or bearish sentiment. This integration helps filter out false signals and provides more reliable indications of market activity. Median Volume Comparison: Compares the current volume against the median volume multiplied by the volume multiplier to identify significant volume spikes. Bullish and Bearish Surge Signals: Plots circles above or below bars where significant volume surges occur, indicating potential bullish or bearish movements. Color Customization: Options to set specific colors for bullish and bearish signals to enhance visual clarity. Bar Coloring: Optional feature to change the color of bars based on detected volume surges. Alerts: Configurable alerts for bullish and bearish volume spikes to notify traders in real-time. 🔶Interpretation: Bullish Volume Surges ( Teal Circles ): These circles appear above the bar when the current volume exceeds the median volume by the specified Volume Multiplier, and the smoothed Positive Directional Index (PDI) is greater than the smoothed Negative Directional Index (NDI). This suggests a potential uptrend with strong buying pressure. Bearish Volume Surges ( Red Circles ): These circles appear below the bar when the current volume exceeds the median volume by the specified Volume Multiplier, and the smoothed NDI is greater than the smoothed PDI. This suggests a potential downtrend with strong selling pressure. Overall, the "Volume Surge Analysis " indicator serves as a valuable tool for traders seeking to identify potential trend reversals or strong continuations based on with an above-average rise in volume and directional momentum. 🔶Disclaimer This indicator is intended for informational and educational purposes only and should not be construed as financial or investment advice. Trading involves substantial risk, and it is essential to conduct your own research and consult with a qualified financial advisor before making any trading decisions.
Pine Script® indicator
by UAlgo
2
Rough AverageThe Rough Average indicator is a unique technical tool that calculates a modified average to provide insights into market conditions. It incorporates a combination of mathematical operations and existing indicators to offer traders a different perspective on price movements. The Rough Average indicator aims to capture market dynamics through a specific calculation method. It utilizes two main components: a check for the approximate scale of the price and a profile calculation based on the Relative Strength Index (RSI) of the closing price. Methodology: Approximate Scale: The indicator determines the approximate scale of the price by analyzing the magnitude of the closing price. This step involves a mathematical process that identifies the power of 10 that best represents the scale. This function reduces overall lag and gives a better smoothing to the output of the calculation Profile Calculation: The indicator calculates a profile value by summing the absolute values of the RSI of the closing price over a specified period. The RSI provides insights into the strength or weakness of price movements. The profile calculation considers a range of prices based on the determined scale. Indicator Calculation: The Rough Average is derived by applying the Exponential Moving Average (EMA) to the calculated profile. The EMA is a smoothing technique that emphasizes recent price data. The resulting value represents the modified average of the indicator. Utility: The Rough Average indicator offers traders an alternative perspective on market conditions. By utilizing a modified average calculation, it can reveal potential trends, reversals, or periods of market strength or weakness. Traders can use the Rough Average to complement their analysis and identify possible trading opportunities. It is important to note that the effectiveness of the Rough Average indicator may vary depending on the specific market and trading strategy. It is recommended to combine its analysis with other technical indicators and conduct thorough testing before making trading decisions. Key Features: Customizable OB\OS Levels Bar coloring methods: Trend, Reversions, Extremities Example Charts:
Pine Script® indicator
by EliCobra
4
Candle Color OverlayDescription: The Candle Color Overlay (CCO) indicator is a powerful tool for visualizing price movements on a chart. It overlays the chart with customizable colors, highlighting bullish and bearish candles based on their open and close values. This indicator helps traders quickly identify the direction of price movements and assess market sentiment. How it Works: The Candle Color Overlay indicator performs the following steps: 1. Calculation of the OHLC (Open, High, Low, Close) values for each candle based on the selected timeframe. 2. Classification of each candle as bullish or bearish: - A bullish candle is when the closing price is greater than or equal to the opening price. - A bearish candle is when the closing price is lower than the opening price. 3. Overlaying colors on the chart: - The indicator applies a bullish color to the background when candles are classified as bullish and a bearish color to the background when candles classified as bearish. This overlay provides a visual representation of price movements. 4. Optional display of price movement labels: - If enabled, the indicator shows a text label at the bottom of the current candle, indicating the percentage increase or decrease in price during a bullish or bearish background period. Usage: To effectively use the Candle Color Overlay indicator, follow these steps: 1. Add the indicator to your chart from the list of available indicators. 2. Configure the indicator's inputs: - Choose the desired color for bullish candles using the "Bullish Color" input. - Select the preferred color for bearish candles using the "Bearish Color" input. - Specify the timeframe for analysis using the "Time Frame" input (default is 1 hour). - Optionally enable the "Show Background Price Movement" input to display the percentage increase or decrease in price during each background period. 3. Analyze the colored overlay: - Bullish colors represent candles where the closing price is greater than or equal to the opening price, indicating bullish sentiment. - Bearish colors represent candles where the closing price is lower than the opening price, indicating bearish sentiment. 4. If enabled, observe the price movement labels 5. Combine the insights from the colored overlay and the price movement labels with other technical analysis tools, such as trend lines, support and resistance levels, or candlestick patterns, to make well-informed trading decisions.
Pine Script® indicator
by maybethatguy
Price Percentage Shaded CandlesDescription: The Price Percentage Shaded Candles indicator (P%SC) is a technical analysis tool designed to represent price candles on a chart with shading intensity based on the percentage change between the open and close prices. This overlay indicator enhances visual analysis by providing a visual representation of price movement intensity. How it Works: The P%SC indicator calculates the percentage change between the open and close prices of each candle. It then determines the shading intensity of the price candles based on this percentage change. Higher percentage changes result in darker shading, while lower percentage changes result in lighter shading. Usage: To effectively utilize the Price Percentage Shaded Candles indicator, follow these steps: 1. Apply the Price Percentage Shaded Candles indicator to your chart by adding it from the available indicators. 2. Configure the indicator's inputs: - Specify the color for bullish candles using the "Bullish Color" input. - Specify the color for bearish candles using the "Bearish Color" input. 3. Observe the shaded candles on the chart: - Bullish candles are colored with the specified bullish color and shaded according to the percentage change. - Bearish candles are colored with the specified bearish color and shaded according to the percentage change. 4. Interpret the shaded candles: - Darker shading indicates a higher percentage change and stronger price movement during the corresponding candle. - Lighter shading indicates a lower percentage change and weaker price movement during the corresponding candle. 5. Combine the analysis of shaded candles with other technical analysis tools, such as trend lines, support and resistance levels, or candlestick patterns, to identify potential trade setups. 6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital. Note: The Price Percentage Shaded Candles indicator provides insights into the shading intensity of price candles based on percentage changes. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Pine Script® indicator
by maybethatguy
Price Percentage Breakout by Time PeriodDescription: The Price Percentage Breakout by Time Period (P%BTP) indicator is a technical analysis tool designed to identify potential breakout signals based on the percentage change in price over a specified lookback period. It helps traders identify significant price movements that exceed a user-defined threshold, indicating potential trading opportunities. How it Works: The P%BTP indicator calculates the percentage change between the open and close prices of each candle. It compares this percentage change to the highest percentage change observed over the specified lookback period. When the percentage change exceeds or equals this highest value, it indicates a potential breakout signal. The indicator colors the bars on the chart based on whether it's a bullish or bearish breakout. Usage: To effectively utilize the Price Percentage Breakout by Time Period indicator, follow these steps: 1. Apply the P%BTP indicator to your chart by adding it from the available indicators. 2. Customize the input settings to suit your preferences. You can define the lookback period, which determines the number of bars used for calculating the percentage change, as well as choose colors for bullish and bearish breakouts. 3. Observe the bars on the chart: - Bars highlighted in the bullish color indicate potential bullish breakout signals. - Bars highlighted in the bearish color indicate potential bearish breakout signals. 4. Interpret the breakout signals: - A bullish breakout signal occurs when the percentage change in price exceeds or equals the highest percentage change observed over the lookback period, indicating a potential upward movement. - A bearish breakout signal occurs when the percentage change in price exceeds or equals the highest percentage change observed over the lookback period, indicating a potential downward movement. 5. Consider additional analysis: - Combine the breakout signals from the P%BTP indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups. 6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital. Note: The Price Percentage Breakout by Time Period indicator provides insights into potential breakout signals based on the percentage change in price over a specified lookback period. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Pine Script® indicator
by maybethatguy
2
Price Percentage Breakout by Chosen PercentageDescription: The Price Percentage Breakout indicator (P%B) is a technical analysis tool designed to identify potential breakout signals based on percentage changes in price. It helps traders identify significant price movements that exceed a specified threshold, indicating potential trading opportunities. How it Works: The Price Percentage Breakout indicator calculates the percentage change between the open and close prices of each candle. It compares this percentage change to a user-defined threshold to determine if a breakout has occurred. When the percentage change exceeds the threshold, indicating a significant price movement, the indicator highlights the breakout on the chart. Additionally alerts can be created by the user that display the percentage of the breakout. Usage: To effectively utilize the Price Percentage Breakout indicator, follow these steps: 1. Apply the P%B indicator to your chart by adding it from the available indicators. 2. Customize the input settings to suit your preferences. You can choose the color for highlighting the breakout and set the percentage threshold for detecting breakouts. 3. Observe the bars on the chart: - Bars highlighted in the chosen color indicate potential breakout signals. 4. Interpret the breakout signals: - A breakout signal occurs when the percentage change in price exceeds the specified threshold. This suggests a significant price movement. 5. Consider additional analysis: - Combine the breakout signals from the Price Percentage Breakout indicator with other technical analysis tools, such as support and resistance levels, trend lines, or candlestick patterns, to confirm potential trade setups. 6. Implement appropriate risk management strategies, including setting stop-loss orders and position sizing, to manage your trades effectively and protect your capital. Note: The Price Percentage Breakout indicator provides insights into potential breakout signals based on percentage changes in price. However, it is recommended to use this indicator in conjunction with other technical analysis tools and perform thorough analysis before making trading decisions.
Pine Script® indicator
by maybethatguy
1
Down since Initial PriceSimple indicator that just displays two labels. One at the lowest price with the percentage decrease since initial price and one at current price with the percentage change since initial price. Both labels can be toggled on/off in the settings. Can be used to quickly analyze drops after IPO, for example if you have target percentage that the stock should drop after IPO. Don't hesitate to send me a message if you have questions, noticed any bugs or have suggestions on improvements.
Pine Script® indicator
by lirre8
Session Volatility CalculatorHey traders! This script calculates the average volatility of trading sessions. You specify a start date, an end date, and a session time (eg. market open, Asian session etc) The script then scans through all the price action on your chart and calculates the average price movement during that specified period. What Is It For? I created this script for my own purposes when developing certain strategies and testing certain ideas. The purpose of this script is to give you an idea of how much price tends to move during certain times of day for certain markets. You could think of it as a "session's average true range". In crypto and forex this might be how much price tends to move on certain pairs during the Australian/Asian session, or the European session, or the overnight U.S. session etc. In stocks this might be how much a symbol tends to move during the first hour of the day or the last hour of the day. The point of calculating this information is for better understanding how markets move during certain times of day. It's not a perfect science obviously since some days can be wilder than others depending on what fundamental events are developing, but it's useful information to have for times when there are no expected volatility-inducing events. This info can help with optimizing targets and stop loss placement for certain day-trading strategies, and just generally getting an idea of what kinds of moves you might reasonably expect out of overnight positions or certain times of day etc - or at least that's what I use it for. Settings Hover your mouse over the "i" symbol to get more information on the script's settings, but here's a brief description: Start Date: The date to begin calculating from (set to 1000 by default so it scans the entire chart). End Date: The date to stop calculating (set to 2099 by default so it scans the entire chart) Time Session: This is the time session during the day that you want to analyze. Color Background: If turned on, this setting changes the background color to highlight the session. Indicator Values The indicator outputs a handful of values onto your chart. This is what the colors correspond to: Top-Right Box: The average price range during the given time of day over historical price action. Green Number: The recent session's highest price. Red Number: The recent session's lowest price. Purple Number: The recent session's price range (high - low). Orange Number: The recent session's range ÷ the average (outputs a relative % of the average).
Pine Script® indicator
by ZenAndTheArtOfTrading
10