Precise ATR Stop Loss - Daily Pullbacks [ST]Precise ATR Stop Loss - Daily Pullbacks
This indicator uses ATR (Average True Range) combined with the identification of pullback lows and highs on daily charts to calculate more precise stop loss levels.
How it works:
Identification of Pullbacks:
Pullback Lows: Identifies significant low points on daily charts that can serve as support.
Pullback Highs: Identifies significant high points on daily charts that can serve as resistance.
ATR (Average True Range):
Measures market volatility and is used to adjust stop loss levels according to market conditions.
Dynamic Stop Loss:
Stop Loss for Uptrend:
When a pullback low is identified on a daily chart, the stop loss is set slightly below this point, adjusted by the ATR.
This level is shown by a green line on the chart.
Stop Loss for Downtrend:
When a pullback high is identified on a daily chart, the stop loss is set slightly above this point, adjusted by the ATR.
This level is shown by a red line on the chart.
Indicator Benefits:
Improved Precision: Uses significant pullback points on daily charts to set stops more accurately.
Dynamic Stop Loss:
Automatically adjusts stop loss levels according to market volatility, providing more effective risk management.
Título: Precise ATR Stop Loss - Daily Pullbacks
Descrição em Português:
Este indicador utiliza o ATR (Average True Range) combinado com a identificação de fundos e topos de pullback em gráficos diários para calcular níveis de stop loss mais precisos.
Como funciona:
Identificação de Pullbacks:
Fundos de Pullback: Identifica pontos de mínima significativos em gráficos diários que podem servir como suporte.
Topos de Pullback: Identifica pontos de máxima significativos em gráficos diários que podem servir como resistência.
ATR (Average True Range):
Mede a volatilidade do mercado e é utilizado para ajustar os níveis de stop loss de acordo com as condições do mercado.
Stop Loss Dinâmico:
Stop Loss para Tendência de Alta: Quando um fundo de pullback é identificado em um gráfico diário, o stop loss é colocado um pouco abaixo desse ponto, ajustado pelo ATR. Este nível é mostrado por uma linha verde no gráfico.
Stop Loss para Tendência de Baixa: Quando um topo de pullback é identificado em um gráfico diário, o stop loss é colocado um pouco acima desse ponto, ajustado pelo ATR. Este nível é mostrado por uma linha vermelha no gráfico.
Benefícios do Indicador:
Precisão Melhorada: Utiliza pontos de pullback significativos em gráficos diários para posicionar stops de forma mais precisa.
Stop Loss Dinâmico: Ajusta automaticamente os níveis de stop loss de acordo com a volatilidade do mercado, proporcionando uma gestão de risco mais eficaz.
Search in scripts for "daily"
Fibo Level DailyOverview
The "Fibo Level Daily" strategy is designed for trading Bitcoin (BTC) using the 1-hour timeframe. This strategy relies on Fibonacci levels calculated from the previous day's range and determines entry and exit points based on whether the previous daily candle was bullish or bearish.
How It Works
Fibonacci Levels Calculation:
The indicator calculates Fibonacci levels (0.8, 0.5, and 0.2) based on the high and low of the previous day.
The levels are calculated as follows:
0.8: This level is calculated by multiplying the difference between the previous day's high and low by 0.8 and adding the result to the previous day's low.
0.5: This is the midpoint of the previous day's range.
0.2: This level is calculated by multiplying the difference between the previous day's high and low by 0.2 and adding the result to the previous day's low.
Identifying the Previous Day's Trend:
The indicator checks if the previous daily candle closed bullish (close greater than open) or bearish (close less than open).
Setting Entry and Take Profit Levels:
If the previous daily candle was bearish:
Sell Entry: Wait for the price to rise to the 0.5 level (midpoint of the previous day's range) to enter a sell position.
Take Profit: The profit target is set at the 0.2 level.
If the previous daily candle was bullish:
Buy Entry: Wait for the price to drop to the 0.5 level (midpoint of the previous day's range) to enter a buy position.
Take Profit: The profit target is set at the 0.8 level.
Visual Representation on the Chart:
The indicator draws horizontal lines on the chart representing the Fibonacci levels (0.8, 0.5, and 0.2) from the previous day. These lines help visualize entry and exit points clearly.
Additionally, the last 15 minutes of the daily session are highlighted with a light red background to indicate the session's end.
Conditions of Use:
Timeframe: This indicator is specifically designed for use on the 1-hour timeframe.
Assets: While it can be used on any asset, it is optimized for trading Bitcoin (BTC).
Steps to Use the Indicator
Add the Indicator:
Insert the "Fibo Level Daily" indicator script into your trading platform (such as TradingView).
Select Timeframe:
Change the chart timeframe to 1 hour.
Interpret the Levels:
Observe the horizontal lines drawn on the chart representing the Fibonacci levels.
Identify whether the previous daily candle was bullish or bearish.
Wait for the Entry Price:
For a bearish previous daily candle: Wait for the price to rise to the 0.5 level to enter a sell position.
For a bullish previous daily candle: Wait for the price to drop to the 0.5 level to enter a buy position.
Set the Profit Target:
For a sell: Set your profit target at the 0.2 level.
For a buy: Set your profit target at the 0.8 level.
Execute the Trade:
Initiate the trade once the price reaches the entry level and set your take profit according to the identified trend from the previous day.
Conclusion
The "Fibo Level Daily" strategy provides a clear and precise methodology for identifying entry and exit points in Bitcoin using Fibonacci levels. By following this step-by-step guide, any trader can take advantage of market movements based on the previous day's price action, optimizing their trading opportunities on the 1-hour timeframe.
Weekly & Daily High/Low AnalyzerOverview
The Weekly & Daily High/Low Analyzer indicator is designed to analyze the likelihood of achieving the High or Low of the day or week based on user-specified parameters. This tool is ideal for traders who want to identify potential turning points in the market by examining historical data.
Features
Weekly High/Low Analysis: Available exclusively on the daily timeframe, this feature allows users to analyze past weeks to determine the probability of reaching the weekly high or low. Users can specify the number of weeks to analyze via the "Number of Weeks to Calculate" input field. Setting this field to 0 includes all available historical data. Note that the current week is excluded from the analysis as it is incomplete, and weekends (Saturdays and Sundays) are not analyzed.
Daily High/Low Analysis: Available exclusively on the 1-hour timeframe, this feature analyzes past days to determine the probability of reaching the daily high or low. Users can specify the number of days to analyze via the "Number of Days to Calculate" input field. Setting this field to 0 includes all available historical data. The current day is excluded from the analysis as it is incomplete, and weekends (Saturdays and Sundays) are not analyzed.
Visualization
A table is displayed in the top right corner of the chart, showing the results of the analysis. The table highlights the hours or days with the highest probabilities in darker colors for easy identification.
How It Works
Weekly Analysis: On the daily timeframe, the script analyzes each week's high and low points. It differentiates between bullish and bearish weeks and calculates the probability of reaching the high or low on each day of the week (Monday to Friday).
Daily Analysis: On the 1-hour timeframe, the script examines the high and low points of each trading day. It differentiates between bullish and bearish days and calculates the probability of reaching the high or low at each hour of the trading day.
Inputs
Number of Weeks to Calculate: An integer input that determines the number of past weeks to include in the analysis. Setting this to 0 includes all historical data.
Number of Days to Calculate: An integer input that determines the number of past days to include in the analysis. Setting this to 0 includes all historical data.
Calculation and Display
The indicator uses arrays to count the occurrences of highs and lows on bullish and bearish weeks and days.
Probabilities are calculated and displayed in a table, with each row representing a day (for weekly analysis) or an hour (for daily analysis).
Colors in the table indicate the strength of the probability, making it easy to identify significant patterns.
Implementation
The script includes detailed logic for resetting values at the start of a new week or day, capturing opening and closing prices, and counting occurrences of highs and lows. The table displays data in a user-friendly format, with gradient colors indicating the probability strength.
Example Usage
Swing Traders: Can use the weekly analysis to identify potential high or low points for the week, aiding in setting entry or exit points.
Day Traders: Can use the daily analysis to determine the most likely hours for reaching the high or low of the day, optimizing intraday trading strategies.
Additional Information
This indicator is inspired by the knowledge shared by Omor and aims to provide traders with a statistical edge in predicting market movements.
B A N K $ - Opening Lines / Daily Separators This is a simple indicator that aids the trader in being able to visualise each trading day of the week;
Key Features
Weekly Open Line
Daily Open Line
Option for Background Lines
Weekly & Daily Open Lines
Information ℹ️
These are vertical lines that are anchored to the hour of the Weekly Open and the hour of each Daily Candle Open. The settings are customisable, allowing to you edit the Width, Style & Colour. You can also select Monday as the Weekly Open if Monday is a no-trade day for you.
Settings ⚙️
1h Toggle - by default Daily Open Lines are only visible under the 1h, you can select to also make them visible on the 1h.
Background Lines - you can replace the chart lines with background lines, this can improve performance and allow you to load more lines on the chart when going back in price.
Show Days of Week - this prints the current day on the chart.
TTrades Daily Bias [TFO]Inspired by @TTrades_edu video on daily bias, this indicator aims to develop a higher timeframe bias and collect data on its success rate. While a handful of concepts were introduced in said video, this indicator focuses on one specific method that utilizes previous highs and lows. The following description will outline how the indicator works using the daily timeframe as an example, but the weekly timeframe is also an included option that functions in the exact same manner.
On the daily timeframe, there are a handful of possible scenarios that we consider: if price closes above its previous day high (PDH), the following day's bias will target PDH; if price trades above its PDH but closes back below it, the following day's bias will target its previous day low (PDL).
Similarly, if price closes below its PDL, the following day's bias will target PDL. If price trades below its PDL but closes back above it, the following day's bias will target PDH.
If price trades as an inside bar that doesn't take either PDH or PDL, it will refer to the previous candle for bias. If the previous day closed above its open, it will target PDH and vice versa. If price trades as an outside bar that takes both PDH and PDL, but closes inside that range, no bias is assigned.
With a rigid framework in place, we can apply it to the charts and observe the results.
As shown above, each new day starts by drawing out the PDH and PDL levels. They start out as blue and turn red once traded through (these are the default colors which can be changed in the indicator's settings). The triangles you see are plotted to indicate the time at which PDH or PDL was traded through. This color scheme is also applied to the table in the top right; once a bias is determined, that cell's color starts out as blue and turns red once the level is traded through.
The table indicates the success rate of price hitting the levels provided by each period's bias, followed by the success rate of price closing through said levels after reaching them, as well as the sample size of data collected for each scenario.
In the above crude oil futures (CL1!) 30m chart, we can glean a lot of information from the table in the top right. First we may note that the "PDH" cell is red, which indicates that the current day's bias was targeting PDH and it has already traded through that level. We might also note that the "PWH" cell is blue, which indicates that the weekly bias is targeting the previous week high (PWH) but price has yet to reach that level.
As an example of how to read the table's data, we can look at the "PDH" row of the crude oil chart above. The sample size here indicates that there were 279 instances where the daily bias was assigned as PDH. From this sample size, 76.7% of instances did go on to trade through PDH, and only 53.7% of those instances actually went on to close through PDH after hitting that level.
Of course, greater sample sizes and therefore greater statistical significance may be derived from higher timeframe charts that may go further back in time. The amount of data you can observe may also depend on your TradingView plan.
If we don't want to see the labels describing why bias is assigned a certain way, we can simply turn off the "Show Bias Reasoning" option. Additionally, if we want to see a visual of what the daily and weekly bias currently is, we can plot that along the top and bottom of the chart, as shown above. Here I have daily bias plotted at the top and weekly bias at the bottom, where the default colors of green and red indicate that the bias logic is expecting price to draw towards the given timeframe's previous high or low, respectively.
For a compact table view that doesn't take up much chart space, simply deselect the "Show Statistics" option. This will only show the color-coded bias column for a quick view of what levels are being anticipated (more user-friendly for mobile and other smaller screens).
Alerts can be configured to indicate the bias for a new period, and/or when price hits its previous highs and lows. Simply enable the alerts you want from the indicator's settings and create a new alert with this indicator as the condition. There will be options to use "Any alert() function call" which will alert whatever is selected from the settings, or you can use more specific alerts for bullish/bearish bias, whether price hit PDH/PDL, etc.
Lastly, while the goal of this indicator was to evaluate the effectiveness of a very specific bias strategy, please understand that past performance does not guarantee future results.
Market Pivot Levels [Past & Live]Market Levels provide a robust view of daily pivot points of markets such as high/low/close with both past and live values shown at the same time using the recently updated system of polylines of pinescript.
The main need for this script arose from not being able to use plots for daily points because plots are inherently once drawn can't be erased and because we can't plot stuff for previous bars after values are determined we can't use them reliably. And while we can use traditional lines, because we would have extremely high amount of lines and we would have to keep removing the previous ones it wouldn't be that effective way for us. So we try to do it with the new method of polylines .
Features of this script:
- Daily High/Low Points
- Yesterday High/Low/Close Points
- Pre-Market High-Low points.
Now let's preview some of the important points of code and see how we achieve this:
With the code below we make sure no matter which chart we are using we are getting the extended hours version of sessions so our calculations are made safely for viewing pre-market conditions.
// Let's get ticker extended no matter what the current chart is
tc = ticker.new(syminfo.prefix, syminfo.ticker, session.extended)
Coding our own function to calculate high's and low's because inbuilt pinescript function cannot take series and we send this function to retrieve our high's and lows.
// On the fly function to calculate daily highlows instead of tv inbuilt because tv's length cannot take series
f_highlow(int last) =>
bardiff = last
float _low = low, float _high = high
for i = bardiff to 0 by 1
if high > _high
_high := high
if low < _low
_low := low
With doing calculations at the bars of day ending points we can retrieve the correct points and values and push them for our polylines array so it can be used in best way possible.
// Daily change points
changeD = timeframe.change("D")
// When new day starts fill polyline arrays with previous day values for polylines to draw on chart
// We also update prevtime values with current ones after we pushed to the arrays
if changeD
f_arrFill(cpArrHigh, cpArrLow, prevArrh, prevArrl, prevArrc, prevMarh, prevMarl)
valHolder.unshift(valueHold.new(_high, _low, _high, _close, _low, time, pr_h, pr_l))
The rest of the code is annotated and commented. You can let me know in comments if you have any questions. Happy trading.
SPX Daily Probability Predictor_MFCDescription:
The SPX Daily Probability Predictor is a powerful trading indicator designed exclusively for TradingView, providing traders with valuable insights into the potential movement of the S&P 500 index (SPX) on a daily basis. This indicator utilizes a sophisticated calculation method based on historical price movements, including gaps, to estimate the probability of the index's future direction.
Key Features:
Daily Probability Calculation:
The indicator calculates the daily probability of the SPX movement by analyzing the standard deviation of historical price changes. This statistical approach offers a comprehensive understanding of the market's volatility and aids traders in making more informed decisions.
Historical Movement Inclusion:
Unlike traditional indicators that only consider the closing prices, the SPX Daily Probability Predictor goes a step further by incorporating the full spectrum of daily movements, including gaps. This inclusive approach provides a more accurate representation of market dynamics, enhancing the reliability of the probability predictions.
Real-Time Analysis:
Stay ahead of the market with real-time analysis that adapts to the current trading session. The SPX Daily Probability Predictor dynamically adjusts its calculations throughout the trading day, ensuring that traders receive the most up-to-date and relevant information for their decision-making process.
Customizable Parameters:
Tailor the indicator to your trading preferences with customizable parameters. Adjust the lookback period or fine-tune other settings to align the probability predictions with your individual trading strategy.
By incorporating historical price movements, including gaps, and employing statistical analysis to calculate daily probabilities, the SPX Daily Probability Predictor equips traders with a valuable tool for anticipating potential market directions. Whether you are a seasoned investor or a newcomer to the world of trading, this indicator provides actionable insights that can contribute to more informed decision-making in the dynamic environment of the stock market.
Upcoming Enhancements:
Please note that while the SPX Daily Probability Predictor currently offers a robust set of features for daily market analysis, we are committed to continuous improvement and the development of additional functionalities. In future updates, users can look forward to exciting enhancements, including the capability to forecast future probabilities of market movements. This forward-looking feature will provide traders with a valuable glimpse into potential trends, aiding in more proactive decision-making.
Furthermore, we are actively working on expanding the indicator's scope to accommodate different time frames. Soon, traders will have the option to obtain probability data not only on a daily basis but also for monthly or weekly intervals. This extended flexibility allows for a more comprehensive analysis, catering to various trading styles and preferences.
As we strive to create a versatile and powerful tool for the TradingView community, we welcome user feedback and suggestions for additional features. Your insights play a crucial role in shaping the future evolution of the SPX Daily Probability Predictor, ensuring it remains a valuable asset in the dynamic landscape of financial markets. Stay tuned for updates as we continue to enhance and refine this innovative trading indicator.
VWAP Balance ZonesVWAP Balance Zones (VBZ) Is based on 3 concepts.
Many Traders use VWAP to help determine Price Trends.
Trends are typically identified by new Highs or new Lows.
Balanced is found when Supply and Demand are mostly Equal.
VBZ tracks the daily, weekly, and monthly highs and lows; Then plots the average (50%) between the VWAP and the respective extremes.
50% VWAP Zones can be considered significant since they attempt to identify the equilibrium between market participants within the current trend, serving as key reference points to consider for decision making. >While in an uptrend, Buyers may see price falling to the Hi 50% as an attractive value entry for the continuation upwards.
>While ALSO in an uptrend, Sellers may see price falling to the Hi 50% as a change in sentiment with more downwards movement on the way.
Because of these conflicting mindsets, these zones are thought to display areas of balance between buyers and sellers, which can serve as potential decision points throughout the day.
VBZ Draws Zones from the Daily (High/Low/Close) VWAPs and the Day's (High/Low/Close) extremes as seen below.
Technically speaking, an average between vwap and extreme is a single point, to make these into zones I am using multiple sources for vwap and tracking different points of the bar throughout the day (ex. Close VWAP & Daily Highest Close)
Weekly and Monthly are only displaying the Average Price between the VWAP and the (Weekly or Monthly) High/Low.
These hold up as important levels for speculation; however, since most action will be discovered at the daily zones, I am not displaying the zones for the Weekly and Monthly to keep noise to a minimum.
Unique Behaviors:
- Weekly values are hidden on the first day of the week since they are similar to the daily values on the first day of the week.
- Monthly values are hidden in the first week of the month for the same reason.
[AlbaTherium] Sessional & Daily's liquidities - Beta Sessional & Daily Liquidities - Beta: Harnessing the Power of the Institutional Funding Candle (IFC) in Trading
Introduction:
The Sessional & Daily Liquidities - Beta indicator places the Institutional Funding Candle (IFC) at its core. Within the realm of trading, the IFC stands as a key signal for identifying Points of Interest (POIs) , offering traders invaluable insights into market dynamics. This document aims to illuminate the central role of the IFC within the Sessional & Daily Liquidities - Beta indicator, explaining how it can be effectively utilized to spot significant changes in the market and seize trading opportunities.
Chapter 1: Sessional Liquidity concepts
The forex market can be broken up into four major trading sessions: the Sydney session, the Tokyo session, the London session, and Trump’s favorite time to tweet (before he was banned), the New York session.
Historically, the forex market has three peak trading sessions. Traders often focus on one of the three trading periods, rather than attempt to trade the markets 24 hours per day. This is known as the “forex 3-session system“. These sessions consist of the Asian, European, and North American sessions, which are also called Tokyo, London, and New York sessions.
For that reason, a lot of trader put their stoploss right at the High or Low of their session, filling these price levels with liquidities. The market loves liquidities, they are like the “fuel” of the market. Price usually goes to these levels, takes out all the liquidities, and then returns to its original direction. This price behaviour indicates the presence of players – banks, institutions,... – driving the market to their own profit.
The same logic applies with Daily, Weekly and Monthly high/low levels.
Chapter 2: Deciphering the Institutional Funding Candle
2.1 Unveiling the Essence of the Institutional Funding Candle (IFC)
- IFC concept is the core of this indicator. It is recommended to use this indicator on high timeframes, like 1H or 4H charts, as those are the timeframes which big players look at.
- The presence of IFC candles means a significant amount of stop loss is triggered, and price have a tendency to reverse.
2.2 Criteria for IFC Identification
The definition of specific conditions that characterize an IFC within the Sessional & Daily Liquidities - Beta indicator:
- A breach of Previous day, Previous week, or Previous month’s High or Low levels or a breach of major Session Highs or Lows.
- Price made an immediate reverse, creating a decent distance from the wicks.
Chapter 2: Trading Strategies with the IFC
User should treat these signals with cautions, and only take trades with multi confluences.
This pictures below demonstrate a strategy to trade with this indicator, taking 1H HTF trend and 5m LTF ChoCh and Single Candle Order Block as confluences.
Conclusion:
The Sessional & Daily Liquidities - Beta indicator, centered around the Institutional Funding Candle (IFC), stands as a potent tool for traders, offering them the means to spot critical inflection points in the market. By understanding the role of the IFC in violating significant swing highs or lows and major session highs or lows, traders can make informed decisions and seize opportunities within the ever-evolving realm of financial markets. It's crucial to note that while IFC candle colors can provide insights, they do not unilaterally dictate market direction. Furthermore, candle closure can be a valuable consideration in specific situations, particularly when evaluating other High Time Frame POIs.
The real-world examples presented in this document within the Sessional & Daily Liquidities - Beta indicator offer a tangible insight into the world of IFC trading. Harness the potential of the Institutional Funding Candle within the Sessional & Daily Liquidities - Beta indicator to elevate your trading strategies and make well-informed decisions in the dynamic landscape of financial markets.
[TTI] IBD Base Analysis (WEEKLY)📜 ––––HISTORY & CREDITS––––
This indicator, titled " IBD Base Analysis (WEEKLY)," is an original creation by TinTinTrading. It synthesises multiple metrics and visual cues to provide a comprehensive overview of market bases on a weekly timeframe. It is based on the teachings of Investors Business Daily (IBD) and William O'Neil. Mainly from attending all IBD Seminars, Courses and part of man IBD MeetUps. I have compiled most criteria and made it into indicator.
🦄 –––UNIQUENESS–––
What sets this indicator apart is its multi-faceted approach to base analysis. It doesn't just measure base depth or length, or plot a base structure with target (Cup with Handle, Double Bottoms, Flat Bases or other);
The IBD Base Analysis (WEEKLY) allows the user to pick the beginning and end of base and then runs through the criteria for a HEALTHY vs FAULTY Bases. The script is intended for a Weekly timeframe and is base agnostic - hence it can be used on any base pattern you want to analyse. By using the script you will be able to grab a quick visual if there are any faulty characteristics that you have be aware of. Furthermore, its user-friendly interface, complete with customisable color-coding and toggle-able advanced metrics, makes it a great tool for both novice and expert traders to incorporate into their trading.
🛠️ ––––WHAT IT DOES––––
👉 Analysis Table with customisable position. Each cell has additional information when you hover over it with a mouse to show what is required and what is faulty. The cells are color coordinated by user customisable color-coding. If the cell is green then it is bullish. If it is orange then it is soft violating condition and if it is red it is bearish.
Depth: First we look at the Depth of the base expressed in percent
Length: How many weeks long is the base
Number of Weeks under Accumulation (Acc Wks)
Number of Weeks under Distribution (Distrb Wks)
Number of Weeks showing Supporting action
Number of weeks which show wide and loose action (unfavorable), "10% WKs)
Number of weeks we close above the mid point
Grading of the close within the first 3 weeks after bottoming
Counting the Gap ups vs Gap down for the given period
👉 Base plots
+ plot under weeks where we have a tight action compared to previous week - this is considered favorable
▲ plot under down weeks where we show supporting action
⏺ appear under the 3 most important weeks in the base: The Week at the bottom, The week with the Largest Spread and the Week with the Largest Volume. Green means bullish action, Orange means soft violation. The tooltips on the circles show the Closing Range of the week.
- midpoint (in blue), this draws the midpoint within the base.
👉 18 month line - According to IBD the True Market Leaders Breakout and run for on average of 18 months before topping. For this reason I have included a customizable on/off line that plots 18 months back. What I want to see is if the stock has been in a strong uptrend (Stage 2 accumulation for those knowing the Stan Weinstein methodology) for the last18 months. If yes, you ought to consider the base higher risk than one that is just starting its move.
💡 ––––HOW TO USE IT––––
Add the indicator to your chart
Determine the beginning and the end of the base (use the settings in the indicator or drag the verical blue lines)
Read the price action based on the coloring and the criteria explained in the tooltips. Additionally familiarize yourself with the general tips for reading a base below.
💡 ––––GENERAL TIPS FOR READING THE ANALYSIS TABLE––––
Depth: IBD recommends bases to be under 30%. However, during a strong bear market some stocks can exhibit 1.5-2x the volatility. Yet, it is key within the IBD methodology to buy breakouts from proper Non-deep bases
Length: Many newer traders misinterpret small patterns for bases. This common misunderstanding is addressed by calculating the length of the base and determining if it is developed or immature.
Number of Weeks under Accumulation (Acc Wks): This is the first thing the late Market Wizard William O'neill looks into the base. How many weeks are showing signs of accumualtion and how many are showing signs of distribution (the cell below). Always look for Accumulation weeks to be more than distribution weeks.
Number of Weeks under Distribution (Dist Wks): See above
Number of Weeks showing Supporting action: New traders determine down week as bearish. However, within the methodology and extensive research IBD has given criteria of down weeks that are actually a bullish sign. Counting the number of weeks within the base that meet this criteria gives us this metric.
Number of weeks which show wide and loose action: If the base is not compact but it is wide and loose it is considered an unfavorable pattern. Generally, occurs within Stage 3 of a stock topping.
Wks > Mid: Utilizes a simple 'hack' of base reading. How many weeks have closed above the mid level of the base and how many have closed below the mid level of the base.
Grading of the close within the first 3 weeks of the bottom: The next cell looks at the price action subsequent of the 3 weeks after the bottom. These are very important as they show if accumulation is happening (strengthening the breakout hypothesis) or if it is not.
Counting the Gap ups vs Gap down for the given period: Lastly gaps are key footprint of institutional moves. We look for the number of DAILY gaps on the WEEKLY timeframe and compare the daily gap up vs the daily gap downs within the base.
REMEMBER, ALL TRADING INCLUDES RISK. NEVER RELY SOLELY ON A SINGLE INDICATOR. INCORPORATE IT INTO YOUR BROADER TRADING METHODOLOGY AS A COMPLEMENTING SOURCE OF INFORMATION.
[TTI] Closing Range Indicator📜 ––––HISTORY & CREDITS––––
This Pine Script Utility indicator, titled " Closing Range Indicator," is designed and developed by TintinTrading but inspired by the teaching of Investor's Business Daily (IBD) and William O'Neil. It aims to help traders identify the closing range of a given timeframe, either daily or weekly.
🦄 –––UNIQUENESS–––
The unique feature of this indicator lies in its ability to simulate a functionality of Closing Range calculation based on hovering of the mouse over the close. It employs a conditional display that allows the user to set the indicator as 'invisible' without removing it from the chart and hence provides a numerical closing range value when hovering over the indicator.
🛠️ ––––WHAT IT DOES––––
The Closing Range Indicator calculates the closing range of a trading bar in terms of percentages. It computes the difference between the closing price and the low price of the bar, and then divides it by the range of the bar.
A stock that closes on the high would display 100%
A stock that closes on the low would display 0%
Generally, the higher the percentage the more bullish the close but there are exceptions to this rule.
The indicator can operate on two timeframes:
Daily : Computes the closing range based on the daily high, low, and closing prices.
Weekly : Computes the closing range based on the weekly high, low, and closing prices. If you enable the weekly it will show the weekly close on all daily timeframes. Meaning that if the week Closing range is 54.15% on Friday, it will show the value 54.15% for all days prior to Friday from the same week.
The indicator places a label at the close of each bar, with the label's tooltip showing the calculated closing range percentage. I generally hide the label and just reference the tooltip calculation with a a hoover on top of the bar.
💡 ––––HOW TO USE IT––––
Installation: Add the indicator to your TradingView chart by searching for " Closing Range Indicator" in the indicator library.
Reorder: Reorder the indicator so that it sits as the first indicator (even above the price) on the Pane. This will make sure that you always trigger the tooltip functionality.
Go to Settings:
Timeframe: Choose between daily ('D') and weekly ('W') timeframes from the settings.
Visibility: Enable the 'Make Invisible' option if you want the indicator to be hidden.
Interpretation:
A higher percentage indicates that the closing price is closer to the high of the range, signaling bullish sentiment.
A lower percentage indicates bearish sentiment.
Tooltip: Hover over the label to view the closing range in percentage terms.
ICT Daily BiasThis indicator is based on ICT's teaching - Daily Bias. Indicator tries to predict which direction (bias) the price will move in the near future and it can tell you in which direction should you take trades on the lower timeframe (buy or sell). It works on every timeframe but best to use on 1D timeframe. It can also show historical Daily Biases. Daily Bias can be BUY, SELL or NEUTRAL. If there is NEUTRAL Daily Bias then you should not take any trade because following price direction is not clear until the Daily Bias changes to BUY or SELL.
Current Daily Bias is shown in the right bottom corner.
Daily Bias can be calculated by 2 types: Previous H/L or Previous Swing H/L.
Previous H/L:
This calculation is based on previous H/L. If actual candle reaches previous high (red line by default) or low (green line by default) with wick then price should reverse into opposite direction. If actual candle closes with body above previous high (green line by default) or below previous low (red line by default) then price should continue in current direction. There are also colorful arrows showing the following daily bias based on previous candle.
Previous Swing H/L:
This calculation is based on previous untested swing H/L. If actual candle reaches previous untested swing high (red line by default) or low (green line by default) with wick then price should reverse into opposite direction. If actual candle closes with body above previous untested swing high (green line by default) or below previous untested swing low (red line by default) then price should continue in current direction. Lookleft and lookright period (default: 3) for swing H/L can be set in indicator settings. This period tells you how many candles left and right from the swing H/L need to be higher (swing low) or lower (swing high). Previous tested swing H/L are labeled by colorful (yellow by default) diamonds. There are also colorful arrows showing the following daily bias based on previous tested swing H/L.
All settings of this indicator should be self-explanatory and some of them have tooltips for better understanding.
Realtime Daily High Low Half Quarter BoxOverview
This indicator offers real-time updates for daily high and low prices, addressing the issue of expanding plots in traditional daily high-low indicators.
It plots daily high, low, 1/2, and 1/4 price levels as horizontal lines.
It adds a vertical line at the center of the daily candle.
You can customize the indicator's background color for bullish and bearish days.
It extends horizontal lines until the daily candle switches.
This indicator is not compatible with second-by-second data.
Due to Pine Script's object drawing limitations, there is a restriction on how many days back the price lines can be drawn.
概要
このインジケーターは、従来の日足の高値・安値プロットの問題を解決し、リアルタイムでの更新を提供します。これにより、プロットが広がっていく現象が回避されます。
インジケーターは、日足の高値、安値、1/2、1/4の価格レベルを水平線で表示します。
一日の中央の時間に垂直線を追加します。
日足が陽線と陰線のいずれかに応じて、背景色をカスタマイズできます。
インジケーターは日足が切り替わるバーまで水平線を延長します。
このインジケーターは秒足データには対応していません。
Pine Scriptのオブジェクト描画数の制限により、価格ラインの描画が遡れる日数に制限があります。
ICT Daily Levels and Zones (fadi)ICT Daily Levels and Zones indicator provides some of the relevant zones and levels for ICT type analysis. The purpose of this indicator is to provide consolidated way of automatically highlighting and identifying relevant levels for ICT type traders.
Daily Separator and Day of Week
Display a separator based on NY Midnight and day of week.
Killzones
Highlight ICT Asia, London, and NY killzones. Please note that the default times are based on Index Futures. Update the times of day if you plan on using it for other instruments such as Forex.
Open Range
The 9:30am to 10:00am open range
(Shown with Extend setting on)
Open Range Gap
The open range Gap is the difference between the 4:15pm close and the 9:30am open.
(Shown with Extend setting on)
Time of Day Levels
The Midnight, 8:30am, and 9:30am open levels.
Daily Midnight Candle
ICT style Daily candle formation based on Midnight open
ICT ADR Levels - Judas x Daily Range Meter°The Average Daily Range (ADR) is a common metric used to measure volatility in an asset. It calculates the average difference between the highest and lowest price over a time interval – normally five days.
The Inner Circle Trader teaches the importance of this metric from an algorithmic point of view; in particular the 1/3ADR price level is deemed to be a threshold used to determine the area at which a Judas Swing – false move to trick market participants, protraction, manipulation – might exhaust. Another key difference in the ICT-use of this metric compared to the classic approach is that the average range is calculated from New York midnight Time, rather than the daily candle's open .
It is crucial to remember that the elements of Time are key when it comes to interpreting how price action will, or won't, react to this level: what Time of the day is it? what day of the week? what week of the month?
Let's consider the Time of the day. If one thinks about the Power of Three of the daily candle (Accumulation, Manipulation Distribution), it is highly unlikely that a Manipulation event will happen later in the day – whereas seeing the 1/3ADR hold in London session or New York open gives undeniable edge to an Analyst.
Apart from the 1/3ADR level seen from a Judas perspective, the opposing 1/3 level, and the full ADR projections, are excellent algorithmic levels at which we will see orderflow or reactions worth studying. These can be take profit targets, reversal opportunities, pyramid entries, ... Study them, and find what works for you!
Features:
Display a table with the previous N days' ranges and the current ADR value
Decide whether to consider daily candles, or New York (00:00 to 00:00 NY Time) for the basis of the calculation
See the ADR Range, the ADR price levels and 1/3ADR price levels by hovering over the text labels
Plot the ADR levels from the Midnight Anchor, or as offset markers on the side for a cleaner look
Show/Hide all elements individually
Examples:
– CBOT_MINI:YM1! at Equity Open
– INDEX:BTCUSD Perfect Buy Day Signature
– FX:EURUSD Clean Break = No Judas
– TSX:GC Repeated Attempts = Liquidity Engineering
Base Finder DailyThe Base Finder Daily is the companion tool to the original Base Finder which is used to identify consolidation periods in a stock's advance. The Base Finder Daily allows traders to zoom in from the weekly chart and get a more precise view of the daily price action during a basing period.
Base Finder Daily identifies three different types of bases (Flat Base, High Tight Flag, Consolidation) and provides key information about the consolidation such as the depth, length, and pivot point. This information allows traders to compare and analyze the best basing patterns quickly and easily.
This tool helps traders of all levels train their eye to identify potential trading opportunities that might have otherwise gone unnoticed.
Base Finder is a must-have tool for any trader, especially those that have studied the work of William O’Neil. Base Finder stacks up base for base with MarketSmith.
Easily customize the settings, from the look to the intricacies of a consolidation.
Default base settings:
Flat Base
length: 25 days minimum
depth: <= 15%
High Tight Flag
Flag Pole: up 80% or more in less than 40 days
Flag: Less than 25% correction in 10-20 days
Consolidation:
length: minimum 30 days
depth: <= 35%
Notes
This indicator is meant to be used on the daily timeframe.
In order to see the stats labels hover your mouse over the left side high of the consolidation and please make sure the indicator is brought to the front using the visual order of your chart. If the visual order is not correct you will not be able to see the stats label.
Disclaimer:
This indicator is for informational and educational purposes only. Do your own research before making any trade decisions. We accept no liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on this indicator.
Market Profile @joshuuuTime is fractal. Every candle has an open, low, high and closing price.
Depending on what timeframe you are on, some opening prices could be more interesting than others.
This indicator tracks, which timeframe you are currently on and displays different things accordingly, so that the chart is never messy.
Below the hourly timeframe, the indicator highlights ICT Killzones, times of the day where most volume occurs and price moves the "cleanest". There are different versions to display those sessions in the settings.
From the hourly timeframe up to the daily timeframe, the indicator shows the "Weekly Profile". It plots the weekly opening line, can highlight daily highs and lows and daily opens and shows the name of the days on the chart.
On the daily timeframe, the indicator switches to a monthly profile. It shows the monthly open, weekly highs/lows AND it shows another concept taught by ICT, the IPDA Lookback.
ICT teaches that especially the last 20, 40 and 60 days PD Arrays and Highs/Lows are important and this indicator highlights those lookback windows accordingly.
The indicator has a lot of settings to make it allow maximum individuality.
Stock Data Table█ OVERVIEW
This is a table that shows some information about stocks. It is divided into four sections:
1) Correlation
2) Shares
3) Daily Data
4) Extended Session Data
The table is completely modular, which means you can add or remove each element from the settings menu, and it will automatically rearrange its spaces.
It is also highly customizable, to the extent that you can change almost any color, remove or change titles, invert section rows, and much more.
1) Correlation
The script checks if the stock is listed on NASDAQ, and if so, uses the QQQ (Nasdaq-100 ETF) as the reference index in the first cell; otherwise, it uses the SPY (S&P 500 ETF). The length of the correlation is shown in the second cell. The table then displays the correlation between the reference index and the other index, and the correlation between the reference index and the stock.
To make it easier to interpret the correlation values, each row's last cell is color-coded with a gradient to highlight the type of correlation, and the direction of the gradient can be customized.
The correlation coefficient is a statistical measure that quantifies the strength and direction of the relationship between two variables, indicating how changes in one variable are associated with changes in the other variable, so it can be used to identify patterns and trends.
If you are interested in correlation, I suggest taking a look at my dedicated indicator:
2) Shares
This feature provides you with quick access to key information about shares and market capitalization.
On one row, you can view the total shares outstanding and the market capitalization for the fiscal year or the quarterly year. The total shares outstanding represents the total number of shares of the stock that have been issued and are currently outstanding, regardless of whether they are held by insiders or public investors. The market capitalization is a widely used measure of the company's value as determined by the stock market, calculated by multiplying its current stock price with the total number of outstanding shares.
The other row shows the float, which is the number of shares of a company that are available for public trading, and the corresponding free-float market cap, calculated by multiplying the company's current stock price with the float. Because Pine Script does not allow retrieving information about quarterly year float, you can view the float and the free-float market cap of the fiscal year only. The data can be displayed at all times or only when the difference between the total shares outstanding and the float is significant enough to result in a difference between the market cap and free-float market cap.
The classification for market cap and free-float market cap is set in this way:
Mega Cap: $200 billion or more
Large Cap: between $10 billion and $200 billion
Mid Cap: between $2 billion and $10 billion
Small Cap: between $300 million and $2 billion
Micro Cap: less than $300 million
Penny Stocks: less than $5 (customizable)
Comparing the free-float market cap to the market cap can provide insights into the liquidity of a stock. In fact, if the float is relatively small compared to the total shares outstanding, it may be more difficult to find buyers or sellers, which could lead to increased volatility. On the other hand, a larger float indicates that the stock is more liquid and may be easier to trade, potentially resulting in lower volatility. However, market conditions can change quickly and significantly, especially for intraday traders, and the free-float can also change as insiders or other large shareholders buy or sell shares. Therefore, comparing the data of the fiscal year with that of the quarterly year may not provide the most up-to-date and accurate information for making trading decisions. This limitation can be mitigated by combining those data with other indicators and tools, such as technical analysis or news events, to gain a better understand of the stock's performance and potential trading opportunities.
3) Daily Data
This section is available on daily charts only due to the lack of accuracy of real-time daily data on other time frames. Here, you can view the Average Daily Volume (ADV) over a preferred time range (20 days by default), and the Daily Change, which represents the percentage difference between the closing price on two consecutive trading days.
ADV is useful in measuring the stock's volatility, as it provides an indication of how much trading activity there is in it. Generally speaking, stocks with higher trading volume tend to be less volatile than stocks with lower trading volume. High trading volume means there are more buyers and sellers actively trading the stock, which makes it easier for investors to buy and sell shares at fair prices. This increased liquidity can help to stabilize the stock price, reducing the potential for large swings in either direction. On the other hand, stocks with lower trading volume may experience greater volatility, as there are fewer buyers and sellers actively trading the stock. This can result in larger price swings, as it may be more difficult for investors to buy or sell shares at fair prices.
The daily percentage change can provide an indication of the stock's volatility, with larger values indicating greater volatility and risk. It can also be compared to that of a benchmark such an index or other stocks in the same sector, helping to determine whether the stock is outperforming or underperforming relative to them.
4) Extended Session Data
The fourth section is available on intraday charts only. This section provides two pieces of information: the Extended Session Change and the Pre-Market Volume.
The Extended Session Change indicates the percentage difference between the previous day's closing price and the latest price in the extended session. This gives you the extent and the direction of the price gap that occurred during extended trading hours.
The Pre-Market Volume shows the sum of all shares traded during the pre-market session. This can be helpful in understanding how much interest the stock gained before the market opened.
By default, the two rows will be visible at all times. They will stop updating after the end of their respective time range, and resume updating when it starts again. However, you can choose to automatically hide them outside of their time ranges.
Both the extended session and pre-market time ranges can be customized. Please note that if you select time ranges outside of the regular market session (as set by default), you must enable the extended session to view the corresponding rows.
█ GENERAL NOTES
• Total Shares Outstanding, Float, Average Daily Volume and Pre-Market Volume cells use a customizable color system based on two thresholds, to help you quickly identify whether the value is "too low/acceptable/too high" or "too low/not enough high/acceptable".
• If you cannot see certain data, that simply means it is not available.
Opening Range & Daily and Weekly PivotsThis script is for a combination of two indicators: an Opening Range Breakout (ORB) indicator and a daily/weekly high/low pivot indicator. The ORB indicator displays the opening range (the high and low of the first X minutes of the trading day, where X is a user-defined parameter) as two lines on the chart. If the price closes above the ORB high, the script triggers an alert with the message "Price has broken above the opening range." Similarly, if the price closes below the ORB low, the script triggers an alert with the message "Price has broken below the opening range."
The daily/weekly high/low pivot indicator plots the previous day's high and low as well as the previous week's high and low. If the current price closes above yesterday's high or last week's high, the script triggers an alert with the messages "We are now trading higher than the previous daily high" and "We are now trading higher than the last week high", respectively. If the current price closes below yesterday's low or last week's low, the script triggers an alert with the messages "We are now trading lower than the previous daily low" and "We are now trading lower than the last week low", respectively.
In addition to the visual representation on the chart, the script also triggers alerts when the price crosses any of these levels. These alerts are intended to help traders make decisions about entering or exiting trades based on the price action relative to key levels of support and resistance.
Bias AnalyzerName: Bias Analyzer
Category: Market Analyzer
Timeframe: 1H and 1D, depending on the Analysis type.
Technical Analysis: Usually when we think about a Trading System we start from an idea. This idea comes normally from observation and the study of the market.
Have we ever observed a market - for example Bitcoin - and thought that it increases at the start of a USA session? Great, this is a well-known category of Trading System and the purpose of the Bias Analyzer is to study these phenomena.
There are different types of Trading System that we can classify considering the market in-efficiency that we use to our advantage. In this case we make the Bias. Literally "inclination" or "presupposition" or precisely "tendency" of the price to go up or down in a temporal way.
The characteristics of the Bias depend on how much the Bias is persistent on the market since the analysed period. therefore we can consider:
Hourly Bias : analysing the hourly behaviours during the week. Trades normally last from a few hours to a few days.
Seasonal Bias : analysing the behaviour of the weeks in the monthly or annual context, evaluating the seasons.
Suggested usage: The possibilities of the tool are infinite, these are some scenarios of use:
Development of Intraday Trading Systems based on Hourly Bias with possible filters for specific days of the week.
Development of a Multi-day Trading System based on daily Bias with monthly analysis.
To identify the best day to execute our investment through Dollar Cost Average with a bit of healthy buy the dip
Main features:
Hourly Summary organized in Week
The cells contain the sum of the various price deltas for the single hour. The transparency indicates the frequency in which the candles close positive or negative. This information is available both in a synthetic way, as in the first column "Sum", and for each day of the week.
Hourly Details organized in different entry/exit
Shows the cumulative data of the various deltas, considering the purchase and the sale at certain times. In the rows are represented the buying hours and in the columns the selling hours.
Daily Summary organized in Months
The cells contain the summation of the various price deltas for the single day.
Hourly Details organized in different entry/exit
Allows to visualise the detailed analysis table, choosing to do it for all the months or for a specific month and shows the cumulative data of the various deltas, considering the purchase and the sale in certain days.
Configuration: You can configure the tool easily and completely.
Analysis
Calculate from Close to Open : this is the core of the whole analysis where the "Price Delta" to be calculated is defined. At this moment there is the possibility to calculate the distance between opening and closing.
Calculate in Percent or Cash : this allows to calculate the Price Delta in Percent or in Cash.
Analysis on 1H Timeframe
Show Hourly Summary on : allows to visualise the summary analysis table of the week. The cells contain the sum of the various price deltas for the single hour. The transparency indicates the frequency in which the candles close positive or negative. This information is available both in a synthetic way, as in the first column "Sum", and for each day of the week. At the bottom left there is also data which allows us to understand how many candles are being analysed. At the bottom of each day it is possible to visualise the cumulative data of the day. The position of the table is customizable.
Show Hourly Details of on : allows to visualise the detailed analysis table, choosing to do it for all days or for a specific day, and shows the cumulative data of the various deltas, considering the purchase and the sale at certain times. In the rows are represented the buying hours and in the columns the selling hours. For example, going to the table "All Days" we can see in the cell of row 13 and in column 22 the cumulative data of a possible buy on 13 and a sell at the end of 22. To facilitate the research of the values there is a configurable transparency system.
Analysis on 1D Timeframe
Show Daily Summary on : allows to visualise the summary analysis table of the month. The cells contain the summation of the various price deltas for the single day: The first row is the summation of all days of the month for all months in the analysis period, while the other rows represent the analysis for the various days of the individual months.
Show Daily Details of on : allows to visualise the detailed analysis table, choosing to do it for all the months or for a specific month and shows the cumulative data of the various deltas, considering the purchase and the sale in certain days. In the rows are represented the buying days and in the columns the selling days. For example, going to the table "All Months" we can see in the cell at row 1 and at column 3 the cumulative of a possible purchase on the 1st and the sale on the 3rd. To facilitate the research of the values, there is a configurable transparency system.
Table Layout
Size : allows to define the size of the text in the table.
Precision : it is possible to define the decimal precision of the calculations presented in the tables.
Transparency Factor : allows the application of a multiplication factor when the table calculates the transparency of detail tables.
Colours : allows to specify the colours of Profit, Loss and Neutral, besides to adapt a style coherent with the Dark Mode or Light Mode of Trading View
Volatility Filter
It is possible to directly apply a filter to the time series on which the delta is calculated. The volatility filter uses the ATR - an indicator that allows you to calculate the volatility in a given period. Briefly: the higher the ATR value, the higher the volatility. Therefore the filter works by comparing the volatility on two periods and indicates compression or expansion.
Backtest Dates
In order to facilitate the identification of in-sample and out-of-sample data, as well as the degradation of a given behaviour, it is possible to specify a period in which to do the analysis.
Indicator Daily-Weekly-Range-In-PriceSpecification: Indicator Daily-Weekly-Range-In-Price helps traders to easily identify the price movement of a range that goes from highs to lows in a specific timeframe. Range price can be chosen between daily or weekly. It can be integrated with strategies giving us more information abot price movement.
Name:Daily-Weekly-Range-In-Price
Category: Mean Reversion. Range Trading
Timeframe: From weekly below, depending on the specific technique.
Technical Analysis: The indicator uses price action from daily to weekly using highs/lows to detect the range movement.
Suggested usage: Every Market especially for Swing Trading Operativity.
Daily-Weekly-Range-In-Price Indicator can identify automatically the range between highs and lows from weekly to minor timeframes with labels on the charts and an histogram helping shown on the chart to easily identify the volatility range juat at one glance.
Highly Dinamic Inputs Settings: Timeframe can be changed from the input options, labes indicating the range in price will change automatically.
Volatility Calculator for Daily Top and Bottom RangeWith the usage of ATR, applied on the close of the daily candle, I am calculated the volatility channels for the TOP and BOTTOM
Based on this logic, we can estimate, with a huge confidence factor, where the prices are going to be compressed for the trading day.
Having said that, lets take a look at the data gathered among the most important financial markets:
SPX
TOP CROSSES : 2116
BOT CROSSES : 1954
Total Daily Candles : 18908
Occurance ratio = 0.215
NDX
TOP CROSSES : 1212
BOT CROSSES : 1183
Total Daily Candles : 9386
Occurance ratio = 0.255
DIA
TOP CROSSES : 759
BOT CROSSES : 769
Total Daily Candles : 6109
Occurance ratio = 0.25
DXY
TOP CROSSES : 1597
BOT CROSSES : 1598
Total Daily Candles : 13156
Occurance ratio = 0.243
DAX
TOP CROSSES : 1878
BOT CROSSES : 1848
Total Daily Candles : 13155
Occurance ratio = 0.283
BTC USD
TOP CROSSES : 416
BOT CROSSES : 417
Total Daily Candles : 4290
Occurance ratio = 0.194
ETH USD
TOP CROSSES : 247
BOT CROSSES : 268
Total Daily Candles : 2452
Occurance ratio = 0.21
EUR USD
TOP CROSSES : 820
BOT CROSSES : 805
Total Daily Candles : 7489
Occurance ratio = 0.217
GOLD
TOP CROSSES : 1722
BOT CROSSES : 1569
Total Daily Candles : 13747
Occurance ratio = 0.239
USOIL
TOP CROSSES : 1077
BOT CROSSES : 1089
Total Daily Candles : 10231
Occurance ratio = 0.212
US 10Y
TOP CROSSES : 1302
BOT CROSSES : 1365
Total Daily Candles : 9075
Occurance ratio = 0.294
Based on this, we can assume with a very high confidence ( 70-80%) that the market is going to stay, within the range created from the BOT and TOP ATR points.
FINRA Daily Short Sale Volume█ OVERVIEW
This indicator displays the Daily Short Sale Volume data reported by FINRA for US Stocks markets, namely NASDAQ, NYSE and NYSE ARCA.
█ CONCEPTS
Daily Short Sale Volume data is different from the bi-monthly Short Interest data also reported by FINRA. Whereas Short Interest represents open positions, Short Sale Volume represents transactions, some of which are executed to offset other trades that will not necessarily result in an open short position reported in Short Interest data. This explains why Short Sale Volume values are always greater than Short Interest ones.
Daily Short Sale Volume provides aggregated volume by security for all short trades executed and reported to FINRA during normal market hours, i.e., media-reported trades. It's important to note that Short Sale Volume is not consolidated with exchange data and excludes trading activity that is not publicly disseminated.
█ HOW TO USE IT
Load the indicator on an active chart (see here if you don't know how).
If the chart's symbol is traded on one of the exchanges for which FINRA provides Daily Short Sale Volume, it will be displayed in columns. The columns are a brighter red when their value is above average.
You can display Short Sale Volume for another symbol by checking the "Other symbol" checkbox of the script settings' "Inputs" tab and selecting the symbol.
The moving average's length is in days, as Short Volume is daily data. You can hide the average in the script's settings "Style" tab.
█ NOTES
You will find more information on the Short Sale Volume Data and Understanding Short Sale Volume Data pages of the FINRA website.
Short Interest data reported by FINRA is not yet available on our platform.
On TradingView, Short Sale Volume data is accessible through tickers using special names. For example, NASDAQ:AAPL's Short Sale Volume data can be loaded on your chart via the FINRA:AAPL_SHORT_VOLUME ticker. The indicator displays the name of the ticker used to fetch data in the bottom left. It can be hidden by unchecking the "Tables" item in the "Style" tab of the script's settings.
Look first. Then leap.
