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Mxwll Price Action Suite [Mxwll]Introducing the Mxwll Price Action Suite! The Mxwll Price Action Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology! Features Internal structures External structures Customizable Sensitivities BoS/CHoCH Order Blocks HH/LH/LL/LH Areas Rolling TF highs/lows Rolling Volume Comparisons Auto Fibs And more! The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities. The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified. The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area. The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity. Finally, the Mxwll Price Action Suite shows relevant session information. Table information Current Session Countdown to session close Next Session Countdown to next session open Rolling 4-Hr volume intensity Rolling 24-Hr volume intensity Introducing the Mxwll SMC Suite! The Mxwll SMC Suite is an all-in-one analysis indicator incorporating elements of SMC and also ideas extending beyond the trading methodology! Features Internal structures External structures Customizable Sensitivities BoS/CHoCH Order Blocks HH/LH/LL/LH Areas Rolling TF highs/lows Rolling Volume Comparisons Auto Fibs And more! The image above shows the indicator's market structure identification capabilities. Internal BoS and CHoCH structures in addition to overarching market structures are available with customizable sensitivities. The image above shows the indicator identifying order blocks! Additionally, HH/LH/LL/LH areas are also identified. The image above shows a rolling area of interest. These areas can be compared to supply/demand zones, where traders might consider a bargain long/short/sell area. The indicator displays a rolling 4hr high/low and 1D high/low, alongside auto fibonacci levels with a customizable sensitivity. Finally, the Mxwll Price Action Suite shows relevant session information. Table information Current Session Countdown to session close Next Session Countdown to next session open Rolling 4-Hr volume intensity Rolling 24-Hr volume intensity Expanded Features of Mxwll Price Action Suite Internal and External Structures Internal Structures: These elements refer to the price formations and patterns that occur within a smaller scope or a specific trading session. The suite can detect intricate details like minor support/resistance levels or short-term trend reversals. External Structures: These involve larger, more significant market patterns and trends spanning multiple sessions or time frames. This capability helps traders understand overarching market directions. Customizable Sensitivities Adjusting sensitivity settings allows users to tailor the indicator's responsiveness to market changes. Higher sensitivity can catch smaller fluctuations, while lower sensitivity might focus on more significant, reliable market moves. Break of Structure (BoS) and Change of Character (CHoCH) BoS: This feature identifies points where the price breaks a significant structure, potentially indicating a new trend or a trend reversal. CHoCH: Detects subtle shifts in the market's behavior, which could suggest the early stages of a trend change before they become apparent to the broader market. Order Blocks and Market Phases Order Blocks: These are essentially price levels or zones where significant trading activities previously occurred, likely pointing to the positions of smart money. HH/LH/LL/LH Areas: Identifying Higher Highs (HH), Lower Highs (LH), Lower Lows (LL), and Lower Highs (LH) helps in understanding the trend and market structure, aiding in predictive analysis. Rolling Timeframe Highs/Lows and Volume Comparisons Tracks highs and lows over specified rolling periods, providing dynamic support and resistance levels. Compares volume data across different timeframes to assess the strength or weakness of the current price movements. Auto Fibonacci Levels Automatically calculates and plots Fibonacci retracement levels, a popular tool among traders to identify potential reversal points based on past movements. Session Data and Volume Intensity Session Information: Displays current and upcoming trading sessions along with countdown timers, which is crucial for day traders and those trading on session overlaps. Volume Intensity: Measures and compares the volume within the last 4 hours and 24 hours to gauge market activity and potential breakout/breakdown movements. Visualizations and Practical Use Dynamic Visuals: The suite provides dynamic visual aids, such as real-time updating of high/low markers and Fibonacci levels, which adjust as new data comes in. This feature is critical in fast-paced markets. Strategic Entry/Exit Points: By identifying order blocks and using Fibonacci levels, traders can pinpoint strategic entry and exit points, maximizing potential returns. Risk Management: Enhanced features like session countdowns and volume intensity help in better risk management by providing traders with more data on market sentiment and potential volatility.
Pine Script® indicator
by MXWLL-Capital-Trading
180
Kyrie Crossover ( @zaytradellc )Unlocking Market Dynamics: Kyrie Crossover Script by @zaytradellc personalized trading success with the "Kyrie Crossover" script, meticulously crafted by @zaytrade. This innovative Pine Script, tailored to the birthdays of Kyrie and the script creator, combines the power of technical analysis with a touch of personalization to revolutionize your trading experience. **Exponential Moving Average (EMA) Crossover Strategy:** At the heart of the "Kyrie Crossover" script lies a sophisticated EMA crossover strategy. By utilizing a 10-period EMA and a 323-period EMA (symbolizing long term price action ), the strategy effectively captures market trends with precision and insight. - **Short-Term EMA (10-period):** This EMA reacts swiftly to recent price changes, offering heightened sensitivity to short-term fluctuations. It excels in identifying immediate shifts in market sentiment, making it invaluable for pinpointing short-lived trends and potential reversal points. - **Long-Term EMA (323-period):** In contrast, the long-term EMA provides a broader perspective by smoothing out short-term noise and focusing on longer-term trend direction. Its extended length filters out market noise effectively, providing a clear representation of the underlying trend's momentum and sustainability. **Directional Movement Index (DMI) Metrics:** The "Kyrie Crossover" script goes beyond traditional indicators by incorporating DMI metrics across multiple timeframes. By assessing trend strength and direction, traders gain valuable insights into market dynamics, allowing for informed decision-making. **Simple Instructions to Profit:** 1. **Identify EMA Crossovers:** Look for instances where the short-term EMA (10-period) crosses above the long-term EMA (323-period) for a bullish signal, indicating a potential buying opportunity. Conversely, a crossover where the short-term EMA crosses below the long-term EMA signals a bearish trend and a potential selling opportunity. 2. **Confirm with DMI Metrics:** Validate EMA crossovers by checking DMI metrics across different timeframes (5 minutes, 15 minutes, 30 minutes, and 1 hour). Pay attention to color-coded indicators, with green indicating a bullish trend, red indicating a bearish trend, and white indicating no clear trend. 3. **Manage Risk:** Implement proper risk management techniques, such as setting stop-loss orders and position sizing based on your risk tolerance and trading objectives. 4. **Stay Informed:** Regularly monitor market conditions and adjust your trading strategy accordingly based on new signals and emerging trends.
Pine Script® strategy
by zaytradellc
Gaps Profile [vnhilton]Note: If you get an error preventing indicator from executing due to a loop running longer than >500ms, please lower the amount of boxes shown and/or increase the minimum gap % threshold. OVERVIEW The Gaps Profile (GP) simply shows the remaining gaps on the chart that have yet to be closed. Gaps are created where there's a distance between the current open and the previous close. Big gaps suggest change in sentiment and volatility causing prices to pull away thereby creating gaps. Gaps can be used as pivot areas where price may attempt to close the inefficiency entirely and/or serve as supply/demand zones. (FEATURES) - 3 to 499 remaining up/down gaps can be displayed on the chart (furthest gaps away from price are removed to make way for new gaps) - Minimum gap % threshold - Ability to highlight largest or newest up/down gap - 4 GP color themes: Mono, Up/Down, Up/Down Largest Gradients, Up/Down Newest Gradients - GP Type: Left, Right (how it is built - overlapping gaps plotted from left/right to right/left) - GP offset from current bar - Box border width - Box border style for up/down: Dashed, Dotted, Solid - Toggles to hide border/box with ease
Pine Script® indicator
by vnhilton
6
EHRHART Algo Premium (V.2)EHRHART Algo Premium is a indicator designed to help traders analyze market flow. It work with multiple EMA for identifying the sentiment of market. It's very simple calculation but it's a good help for people who use price action. I think the visual of the chart is very important and and I wanted to create an indicator very visual. I'm price action lover like lots of people and I personally think it's very important to identify the flow of market because buying when the flow of market is up give you better chance to win your trade. It's not BUY and SELL signal, this indicator don't tell u when u need buy or when u need sell, it's principally here for helping the visual of trading chart (have a good clear chart). I decided to post this indicator because people were asking me how it worked and were curious about these colors, so here we go ! This indicator show: The main flow ( green candle=buy pressure /red candle=seller pressure ), it's based on two EMA cross over, this two EMA are editable so u can take the combination you want depending on your trading strategy. When the first EMA is above the second EMA candle becoming green and when the second EMA is above the first EMA candle becoming red. The trend of two EMA crossover (blue=bullish and violet=bearish), it's based on two EMA (two different than main flow) cross over, this two EMA are editable so u can take the combination you want depending on your trading strategy. When the first EMA is above the second EMA the trend becoming blue and when the second EMA is above the first EMA the trend becoming violet. Potential trend reversals (violet candle), it's calculate with the two EMA of the main flow, when these two EMA becoming closer, the candle becoming violet. It meaning that the trend may reversals. I added sensitivity parameter, so u can adjust it depending on your trading strategy, the more sensitive it is, the more candle will be colored violet. A system of RSI print on the chart, when the RSI becoming overbought (more than 75) a red triangle will pop up on the chart, and when the RSI becoming oversold (less than 25) a green triangle will pop up on the chart. U can show or hidden these setting. Bullish candles are represented by hollow candles. Bearish candles are represented by full candles. You can use this indicator with multiple strategy, I personally use it with price action (support/resistance) and I made it for that (but it's your choice). This is an example of how I'll use it: Here we can see that the price is coming testing our weakly support, however the main flow is bullish (red candle), so I'm waiting my first signal (violet candle). When the first candle passed violet I decided to enter the trade because violet candle after red candle means that the two EMA start closed to themselves meaning that's the flow may turn green. My second signal will be candle passed green, because it meaning the two EMA start deviate from themselves, buyer are taking advantage. In this situation a green triangle on the support will be my third signal.
Pine Script® indicator
by WhaleMoves
14
Crypto MVRV ZScore - Strategy [PresentTrading]█ Introduction and How it is Different The "Crypto Valuation Extremes: MVRV ZScore - Strategy " represents a cutting-edge approach to cryptocurrency trading, leveraging the Market Value to Realized Value (MVRV) Z-Score. This metric is pivotal for identifying overvalued or undervalued conditions in the crypto market, particularly Bitcoin. It assesses the current market valuation against the realized capitalization, providing insights that are not apparent through conventional analysis. BTCUSD 6h Long/Short Performance Local █ Strategy, How It Works: Detailed Explanation The strategy leverages the Market Value to Realized Value (MVRV) Z-Score, specifically designed for cryptocurrencies, with a focus on Bitcoin. This metric is crucial for determining whether Bitcoin is currently undervalued or overvalued compared to its historical 'realized' price. Below is an in-depth explanation of the strategy's components and calculations. 🔶Conceptual Foundation - Market Capitalization (MC): This represents the total dollar market value of Bitcoin's circulating supply. It is calculated as the current price of Bitcoin multiplied by the number of coins in circulation. - Realized Capitalization (RC): Unlike MC, which values all coins at the current market price, RC is computed by valuing each coin at the price it was last moved or traded. Essentially, it is a summation of the value of all bitcoins, priced at the time they were last transacted. - MVRV Ratio: This ratio is derived by dividing the Market Capitalization by the Realized Capitalization (The ratio of MC to RC (MVRV Ratio = MC / RC)). A ratio greater than 1 indicates that the current price is higher than the average price at which all bitcoins were purchased, suggesting potential overvaluation. Conversely, a ratio below 1 suggests undervaluation. 🔶 MVRV Z-Score Calculation The Z-Score is a statistical measure that indicates the number of standard deviations an element is from the mean. For this strategy, the MVRV Z-Score is calculated as follows: MVRV Z-Score = (MC - RC) / Standard Deviation of (MC - RC) This formula quantifies Bitcoin's deviation from its 'normal' valuation range, offering insights into market sentiment and potential price reversals. 🔶 Spread Z-Score for Trading Signals The strategy refines this approach by calculating a 'spread Z-Score', which adjusts the MVRV Z-Score over a specific period (default: 252 days). This is done to smooth out short-term market volatility and focus on longer-term valuation trends. The spread Z-Score is calculated as follows: Spread Z-Score = (Market Z-Score - MVVR Ratio - SMA of Spread) / Standard Deviation of Spread Where: - SMA of Spread is the simple moving average of the spread over the specified period. - Spread refers to the difference between the Market Z-Score and the MVRV Ratio. 🔶 Trading Signals - Long Entry Condition: A long (buy) signal is generated when the spread Z-Score crosses above the long entry threshold, indicating that Bitcoin is potentially undervalued. - Short Entry Condition: A short (sell) signal is triggered when the spread Z-Score falls below the short entry threshold, suggesting overvaluation. These conditions are based on the premise that extreme deviations from the mean (as indicated by the Z-Score) are likely to revert to the mean over time, presenting opportunities for strategic entry and exit points. █ Practical Application Traders use these signals to make informed decisions about opening or closing positions in the Bitcoin market. By quantifying market valuation extremes, the strategy aims to capitalize on the cyclical nature of price movements, identifying high-probability entry and exit points based on historical valuation norms. █ Trade Direction A unique feature of this strategy is its configurable trade direction. Users can specify their preference for engaging in long positions, short positions, or both. This flexibility allows traders to tailor the strategy according to their risk tolerance, market outlook, or trading style, making it adaptable to various market conditions and trader objectives. █ Usage To implement this strategy, traders should first adjust the input parameters to align with their trading preferences and risk management practices. These parameters include the trade direction, Z-Score calculation period, and the thresholds for long and short entries. Once configured, the strategy automatically generates trading signals based on the calculated spread Z-Score, providing clear indications for potential entry and exit points. It is advisable for traders to backtest the strategy under different market conditions to validate its effectiveness and adjust the settings as necessary. Continuous monitoring and adjustment are crucial, as market dynamics evolve over time. █ Default Settings - Trade Direction: Both (Allows for both long and short positions) - Z-Score Calculation Period: 252 days (Approximately one trading year, capturing a comprehensive market cycle) - Long Entry Threshold: 0.382 (Indicative of moderate undervaluation) - Short Entry Threshold: -0.382 (Signifies moderate overvaluation) These default settings are designed to balance sensitivity to market valuation extremes with a pragmatic approach to trade execution. They aim to filter out noise and focus on significant market movements, providing a solid foundation for both new and experienced traders looking to exploit the unique insights offered by the MVRV Z-Score in the cryptocurrency market.
Pine Script® strategy
by PresentTrading
6
IBIT Premium to CoinbaseThe BTC ETF premium indicator for TradingView is a specialized tool designed to measure and visualize the premium or discount of the iShares Bitcoin Trust (IBIT), an investment vehicle that holds Bitcoin, relative to the actual price of Bitcoin on the Coinbase exchange. This indicator can be particularly insightful for traders interested in the BTC securities market and those analyzing the demand for Bitcoin as reflected by institutional investment products. #### Description: The BTC ETF premium indicator in TradingView leverages an advanced Pine Script algorithm to calculate the premium (or discount) percentage of IBIT compared to the spot price of Bitcoin (BTC/USD) on Coinbase. The premium is a critical insight that reflects market sentiment and potentially arbitrage opportunities between the trust's share price and the underlying cryptocurrency asset. Here's how the indicator works: 1. **Calculation Methodology:** - **Implied Bitcoin Price of IBIT:** We determine the implied price of Bitcoin within IBIT by dividing the IBIT closing price by the known ratio of Bitcoin per share. - **IBIT Premium to Coinbase:** The percentage premium is then calculated as: $$\text{IBIT Premium} = \frac{(\text{Implied Bitcoin Price of IBIT } - \text{Actual Bitcoin Price on Coinbase})}{\text{Actual Bitcoin Price on Coinbase}} \times 100$$ - This calculation is performed using the closing prices on a per-minute basis to ensure timely and accurate analysis. 2. **Visualization:** The indicator plots the premium as a step line chart, making it easy to visualize changes over time. A dynamic label accompanies the plot, displaying the implied Bitcoin price, the actual percentage premium or discount, and whether the premium is trending up or down compared to the previous day's value. 3. **Usage Scenario:** Traders can use this indicator to monitor the live premium 24/7 and analyze how it behaves during different market conditions, including when the equity market, where IBIT is traded, is closed. #### Additional Features: - **Color-Coding:** The premium is color-coded in green when positive (premium) and in red when negative (discount), aiding quick visual assessment. - **Zero-Line Reference:** A horizontal line is drawn at zero to easily identify when IBIT is trading at par with the spot price of Bitcoin. - **Real-Time Label Updates:** The label updates in real time with the latest premium/discount information and includes an arrow to signify the trend direction. #### Access and Usage: The indicator can be favorited or added to your TradingView charts. You are also welcome to use the source code as a foundation for further customization to suit your trading strategies. #### Notes: Please consider that the IBIT has specific trading hours, and the indicator can show live changes even when its market is closed, which might lead to discrepancies from official static data. For best performance, use this indicator alongside the IBIT candlestick chart on TradingView.
Pine Script® indicator
by Tin2100
4
FlexiMA Variance Tracker - Strategy [presentTrading]█ Introduction and How It Is Different The FlexiMA Variance Tracker by PresentTrading introduces a novel approach to technical trading strategies. Unlike traditional methods, it calculates deviations between a chosen indicator source (such as price or average) and a moving average with a variable length. This flexibility is achieved through a unique combination of a starting factor and an increment factor, allowing the moving average to adapt dynamically within a specified range. This strategy provides a more responsive and nuanced view of market trends, setting it apart from standard trading methodologies. BTC 8h L/S Local █ Strategy, How It Works: Detailed Explanation The FlexiMA Variance Tracker, developed by PresentTrading, stands at the forefront of trading strategies, distinguished by its adaptive and multifaceted approach to market analysis. This strategy intricately weaves various technical elements to construct a comprehensive trading logic. Here's an in-depth professional breakdown: 🔶Foundation on Variable-Length Moving Averages: Central to this strategy is the concept of variable-length Moving Averages (MAs). Unlike traditional MAs with a fixed period, this strategy dynamically adjusts the length of the MA based on a starting factor and an incremental factor. This approach allows the strategy to adapt to market volatility and trend strength more effectively. Each MA iteration offers a distinct temporal perspective, capturing short-term price movements to long-term trends. This aggregation of various time frames provides a richer and more nuanced market analysis, essential for making informed trading decisions. 🔶Deviation Analysis and Normalization: The strategy calculates deviations of the price (or the chosen indicator source) from each of these MAs. These deviations are pivotal in identifying the immediate market direction relative to the average trend captured by each MA. To standardize these deviations for comparability, they undergo a normalization process. The choice of normalization method (Max-Min or Absolute Sum) can significantly influence the interpretation of market conditions, offering distinct insights into price movements and trend strength. 🔹Normalization: Absolute Sum 🔶Composite Oscillator Construction: A composite oscillator is derived from the median of these normalized deviations. The median serves as a balanced and robust central trend indicator, minimizing the impact of outliers and market noise. Additionally, the standard deviation of these deviations is computed, providing a measure of market volatility. This volatility indicator is crucial for assessing market risk and can guide traders in setting appropriate stop-loss and take-profit levels. 🔶Integration with SuperTrend Indicator: The FlexiMA strategy integrates the SuperTrend indicator, renowned for its effectiveness in identifying trend direction and reversals. The SuperTrend's incorporation enhances the strategy's ability to filter out false signals and confirm genuine market trends. * The SuperTrend Toolkit is made by @QuantiLuxe This combination of the variable-length MA oscillator with the SuperTrend indicator forms a potent duo, offering traders a dual-confirmation mechanism for trade signals. 🔹Supertrend's incorporation 🔶Strategic Trade Signal Generation: Trade signals are generated when there is a confluence between the composite oscillator and the SuperTrend indicator. For example, a long position signal might be considered when the oscillator suggests an uptrend, and the SuperTrend flips to bullish. The strategy's parameters are fully customizable, enabling traders to tailor the signal generation process to their specific trading style, risk tolerance, and market conditions. █ Usage To effectively employ the FlexiMA Variance Tracker strategy: Traders should set their desired trade direction and fine-tune the starting and increment factors according to their market analysis and risk tolerance. Indicator Length: 5 Indicator Length: 40 The strategy is suitable for a wide range of markets and can be adapted to different time frames, making it a versatile tool for various trading scenarios. █ Default Settings Impact on Performance: FlexiMA Variance Tracker 1. Trade Direction (Configurable: Long, Short, Both): Determines trade types. 'Long' for buying, 'Short' for selling, 'Both' adapts to market trends. 2. Indicator Source: HLC3: Balances market sentiment by considering high, low, and close, providing comprehensive period analysis. 4. Indicator Length (Default: 10): Baseline for moving averages. Shorter lengths increase responsiveness but add noise, while longer lengths favor trends. 5. Starting and Increment Factor (Default: 1.0): Adjusts MA lengths range. Higher values capture broad market dynamics, lower values focus analysis. 6. Normalization Method (Options: None, Max-Min, Absolute Sum): Standardizes deviations. 'None' for raw deviations, 'Max-Min' for relative scaling, 'Absolute Sum' emphasizes relative strength. 7. SuperTrend Settings (ATR Length: 10, Multiplier: 15.0): Influences indicator sensitivity. Short ATR or high multiplier for short-term, long ATR or low multiplier for long-term trends. 8. Additional Settings (Mesh Style, Color Customization): Enhances visual clarity. Mesh style for detailed deviation view, colors for quick market condition identification.
Pine Script® strategy
by PresentTrading
7
Bitcoin Google Trends OverlayThis indicator overlays Bitcoin Google trends data starting from 16/12/2018 until 10/12/2023. To have more recent data, you will need to update the data points manually. If it is not showing properly, you need to plot the indicator to a new scale. Try also to use a logarithmic scale to better correlate the Bitcoin Google Trends data. Interpretation: Google Trends data and the Bitcoin price are very correlated. Google Trends data is a good indicator of market sentiment, but it usually lags.
Pine Script® indicator
by HenriqueCentieiro
12
Interest Rate and GDP Dashboard by toodegreesDescription: The Interest Rate and GDP Dashboard is a powerful tool designed to provide traders with valuable insights into Interest Rate and Gross Domestic Product (GDP) of the largest Central Banks. Interest Rates are closely monitored from all around the world, and play a massive role in Interbank Institutional Trading. Although mainly used by Forex traders, it's important for all types of analysts to understand risk-on and risk-off environments in respective currencies, or other asset classes, based on a global financial landscape. Forex Pair Dashboard ( FOREXCOM:EURUSD ): Non-Forex Pair Dashboard ( CME_MINI:ES1! ): This tool displays the Live Interest Rates (as well as latest Interest Rate Change) and GDP, of the following countries/regions: Australia Canada Europe Japan New Zealand Switzerland United Kingdom United States Further, analysts will be able to see Interest Rate Change labels directly on chart, to monitor Time and price relationship following rate hikes or rate cuts. The labels will display according to the impact of the Interest Rate Change on the current asset on chart, and their tooltips will display the %Change: Analysts can also choose to mark Interest Rate Changes with vertical lines, to aid in marking changes in sentiment or global financial environment: The real power and value provided by this tool is its tailored Interest Rate (and GDP) Differential feature for Forex markets, based on the Interest Rate Differential concept as taught by the Inner Circle Trader (ICT). Using Interest Rate Differentials as a further Long Term Bias factor was introduced by ICT in conjunction with other higher Timeframe principles like Seasonal Tendency, Commitment of Traders, and Open Interest. This fusion ensures a holistic approach to dissecting specific Forex pairs, and the involvement of Institutional traders. Key Features: Dynamically calculates and organizes the dashboard to display the interest rate differential of the chart's forex pair, or displays all if outside of forex markets. Pinpoint historical interest rate changes with precision using vertical lines and/or dynamic labels with tooltips. Other Features: Toggle Options: Customize your viewing experience by toggling the display of previous rate changes, enabling or disabling GDP visibility, and tailoring the size and location of the dashboard. Fine-tune Visuals: Adjust the size and style of the previous interest rate labels and lines to suit your preferences, offering a personalized touch to your analytical workspace. Usage Guidance: Add the Interest Rate and GDP Dashboard to your Tradingview chart. Tailor your experience by customizing the table and style to be in line with your analytical preferences, ensuring a visually engaging and personalized chart. Observe where and when key Interest Rate decisions impact the macro trend or market environment. Leverage this invaluable information to shape your Higher Timeframe narrative in confluence with other tools.
Pine Script® indicator
by toodegrees
8
CBC FlipThis is an indicator for the Candle By Candle (CBC) Flip strategy as created by @MapleStax It’s useful to traders because it’s a simple approach to gauge if bulls or bears are in control for any particular candle. The logic is as follows: If the most recent candle close is above the previous candle high, then bulls are in control. If the most recent candle close is below the previous candle low, then bears are in control. If neither of these 2 conditions are met, then whoever was already in control remains in force until one of the 2 conditions is met and the sentiment is flipped, hence the name CBC Flip. My script is original because there are no other CBC Flip scripts available on TV. This is the first, which is why I created it, to help other traders benefit from the power of CBC Flips. The indicator output is simply interpreted as follows: Triangle up = bulls in control Triangle down = bears in control In my experience this script is best used on the 5 or 10 minute time frames, as it helps to keep you in the trade for the bigger moves once a trend is established, while not getting shaken out from the “noisy” up/down candle price action of lower time frames like the 1 minute. I’ve also had more success with this indicator when only taking long trades once the green triangle appears and price is above VWAP, and only taking short trades once the red triangle appears and price is below VWAP.
Pine Script® indicator
by AsiaRoo
49
[Pt] TICK + Heikin Ashi RSI IndicatorThis indicator combines NYSE TICK and RSI to aim to provide a view of NYSE market trend strength. What is TICK NYSE TICK, also known as the TICK index, is a technical analysis indicator that shows the number of stocks on the New York Stock Exchange (NYSE) that are trading on an uptick or a downtick in a particular period of time. The TICK index is calculated by subtracting the number of stocks trading on a downtick from the number of stocks trading on an uptick. A reading of +1000 on the TICK index, for example, would indicate that there are 1000 more stocks trading on an uptick than on a downtick. The TICK index is often used as a measure of market sentiment, as it can provide insight into whether there is more buying or selling pressure in the market at a given time. A high TICK index reading may suggest that there is strong buying pressure, while a low TICK index reading may indicate that there is more selling pressure in the market. By default, I am using -800 and 800 for oversold and overbought levels. These are configurable. Also, this indicator includes TICK divergence signals. The TICK index is usually very volatile, so this indicator is best suited for lower timeframes, such as 1 to 5 min charts. Idea of TICK neutral zone As part of this indicator I've identified what I consider as "neutral" range for the TICK. Based on my own personal experience, the market tends to be in consolidation or choppy in this range. By default, I've defined this range to be -200 to 200. This range is configurable. Signals In combination with RSI and Heikin Ashi RSI (HARSI), which help smooths out the RSI values and make it easier to identify trends and potential reversal points, this indicator aims to generate Bullish vs Bearish signals based on the following conditions: - bullish / bearish HARSI candle - Inside bar on HARSI candle - TICK trend (above or below Neutral zone) - RSI trend (above or below 0, but not overbought or oversold) - RSI / HARSI convergence and divergence When all bullish conditions are met, the signal turns bright green. Bright red when all bearish conditions are met. These generated signals aims to provide users easy to read visual cues to help with their trades. A table is also provided in attempt to identify the trend in real time: TICK trend: - Bullish, Extended - Bullish - Neutral w/ Bullish bias - Neutral w/ Bearish bias - Bearish - Bearish, Extended RSI: - Bullish - Bearish Note on scale This indicator is based on the scale for TICK, hence the RSI and HARSI are scaled. By default, standard overbought RSI value of 70 = 800 on this scale, whereas oversold value of 30 = -800. Credits: Heikin Ashi RSI code was borrowed from @JayRogers - Heikin Ashi RSI Oscillator
Pine Script® indicator
by PtGambler
15
Public Sentiment Oscillator This is a combination of 9 common use indicators turned into on single oscillator. These indicators are: 200 day moving average cross, 9/12 ema cross, 13/48 sma cross, rsi, stochastic, mfi, cci, macd, and open close trend. I have weighted the scores to be pretty even so that its balances each indicator in the sum. Because of the odd number of indicators, I have decided to normalized the score to 10. I think this has the effect of making it easier to read. The score definition: oc_trend > 0 ? 1 : 0, fast_e > slow_e ? 1 : 0, fast_s > slow_s ? 1 : 0, rsi < 30 ? 0 : rsi > 30 and rsi < 70 ? 0.5 : rsi > 70 ? 1 : 0, macd1 > macd2 ? 0.5 : macd1 < macd2 ? 0 : 0, (hist >=0 ? (hist < hist ? 0.5 : 0.25) : (hist < hist ? 0.25 : 0)), stoch < 20 ? 0 : stoch > 20 and stoch < 80 ? 0.5 : stoch > 80 ? 1 : 0, source > ma200 ? 1 : ex <= ma200 ? 0 : 0, mfi < 20 ? 0 : mfi > 20 and mfi < 80 ? 0.5 : mfi > 80 ? 1 : 0, cci < -100 ? 0 : cci > -100 and cci < 100 ? 0.5 : cci > 100 ? 1 : 0 I hope you find this useful in your trades. Enjoy!
Pine Script® indicator
by The_Peaceful_Lizard
1
SOPR Candles OscillatorThe Spent Output Profit Ratio (SOPR) is computed by dividing the realized value (in USD) divided by the value at creation (USD) of a spent output. Or simply: price sold / price paid. This metric was created by Renato Shirakashi. The indicator provides insight into macro market sentiment, profitability and losses taken over a particular time-frame. It reflects the degree of realized profit for all coins moved on-chain. SOPR is measured by taking the ratio between the fiat value at the time of UTXO creation, and the fiat value when the UTXO is spent. In this indicator, I have essentially created an index that measures SOPR value on any given day. This is visually displayed as an oscillator. SOPR values greater than 0 implies that the coins moved that day are, on average, selling at a profit (price sold is greater than the price paid). SOPR value less than 0 implies that the coins moved that day are, on average, selling at a loss (price sold is less than the price paid). You have the ability to see the SOPR of BTC , ETH and LTC. You can also smooth the SOPR using an EMA or SMA of your choice. I have added colored bars to the chart to make it easier to visualize SOPR and it's relation to price action. Thank you to both TradingView and Glassnode for adding all the on-chain data.
Pine Script® indicator
by Gokubro
Reverse RSI [R] – Predictive RSI Price LevelsReverse RSI – Predictive RSI Price Levels Description This indicator is a modified and enhanced version of the original "Reverse RSI" by Franklin Moormann (cheatcountry), published under the MIT License. It estimates the price levels at which the RSI would reach specific thresholds, typically RSI = 30 (oversold) and RSI = 70 (overbought), based on current market conditions. Key Features Calculates price levels corresponding to RSI = 30 and RSI = 70 Helps forecast potential support and resistance zones based on RSI targets Automatically updates with each new candle Supports custom RSI length and price source (close, hl2, ohlc4, etc.) Designed for traders who want to anticipate momentum extremes before they occur Use Cases Estimate how far the price must move to reach RSI oversold or overbought levels Plan limit entries or exits based on projected RSI thresholds Combine with standard RSI or other indicators for confirmation and analysis Credits This script is based on the original "Reverse RSI" by Franklin Moormann (cheatcountry) and released under the MIT License. Modified and maintained by bitcoinrb.
Pine Script® indicator
by BitcoinRB
BLITZ JUNK BOND INDICATORThe given indicator considers the fluctuations in the bond market and the spread that are existing as a premium demanded by investors for high risk corporate junk bonds. 1. The junk bond spread indicator precisely anticipates market phases, especially any panic kind of scenario. 2. Junk bond spread indicator often face choppy market zone and entirely we must rely on our portfolio churning skills if such scenario occurs and the broader markets failed to perform even if the indicator has made us to make a buy position 3. Whenever Bullish signal comes, same is to be confirmed with the price action of the broader market index, then same to be confirmed in the junk bond spreads chart if the spreads are going down steadily or is breaking down from the nearest swing low and cooling off. This, scenario indicates we must expose our portfolio to equities 4. Whenever Bearish signal comes, same to be cofirmed with the price action of the broader market index, then same to be confirmed in the junk bond spread charts if the spreads are heating up breaking nearby swing highs or steadily moving up. In such scenario, we must prepare for heavy market drawdowns or must anticipate some panic scenario in the markets and thus should avoid equities.
Pine Script® indicator
by Noob1003
SMZ Scanner 1H (Fib 0.618–0.786) — stableQuickly spot when your watchlist tickers enter high-probability Smart Money Zones. This scanner checks up to 40 symbols on 1-hour candles, using the 0.618–0.786 Fibonacci retracement of the latest impulse leg (based on swing highs/lows). What it does: • Scans your custom list of tickers (up to 40 at once). • Identifies fresh bullish or bearish impulses. • Marks when price enters the key Fib retracement zone. • Sends one clean alert per bar with all tickers that just hit. Perfect for: Swing traders and intraday traders tracking Smart Money Zone re-entries without flipping through dozens of charts.
Pine Script® indicator
by rkoman