MA Touch Alert SystemThis is a alert system This Pine Script creates an alert system in TradingView to notify you whenever the price touches a specified moving average. With adjustable settings, you can set your preferred moving average period, such as 50 or 200. The script calculates this moving average and triggers an alert if the price crosses it from above or below, enabling you to stay informed about important trend reversals. A visual on-chart label marks these points, and the alert condition ensures you receive notifications through TradingView. Perfect for traders looking to automate key level monitoring, this script supports trend-following and reversal strategies.
Search in scripts for "tradingview+筹码结构"
DSL Strategy [DailyPanda]
Overview
The DSL Strategy by DailyPanda is a trading strategy that synergistically combines the idea from indicators to create a more robust and reliable trading tool. By integrating these indicators, the strategy enhances signal accuracy and provides traders with a comprehensive view of market trends and momentum shifts. This combination allows for better entry and exit points, improved risk management, and adaptability to various market conditions.
Combining ideas from indicators adds value by:
Enhancing Signal Confirmation : The strategy requires alignment between trend and momentum before generating trade signals, reducing false entries.
Improving Accuracy : By integrating price action with momentum analysis, the strategy captures more reliable trading opportunities.
Providing Comprehensive Market Insight : The combination offers a better perspective on the market, considering both the direction (trend) and the strength (momentum) of price movements.
How the Components Work Together
1. Trend Identification with DSL Indicator
Dynamic Signal Lines : Calculates upper and lower DSL lines based on a moving average (SMA) and dynamic thresholds derived from recent highs and lows with a specified offset. These lines adapt to market conditions, providing real-time trend insights.
ATR-Based Bands : Adds bands around the DSL lines using the Average True Range (ATR) multiplied by a width factor. These bands account for market volatility and help identify potential stop-loss levels.
Trend Confirmation : The relationship between the price, DSL lines, and bands determines the current trend. For example, if the price consistently stays above the upper DSL line, it indicates a bullish trend.
2. Momentum Analysis
RSI Calculation : Computes the RSI over a specified period to measure the speed and change of price movements.
Zero-Lag EMA (ZLEMA) : Applies a ZLEMA to the RSI to minimize lag and produce a more responsive oscillator.
DSL Application on Oscillator : Implements the DSL concept on the oscillator by calculating dynamic upper and lower levels. This helps identify overbought or oversold conditions more accurately.
Signal Generation : Detects crossovers between the oscillator and its DSL lines. A crossover above the lower DSL line signals potential bullish momentum, while a crossover below the upper DSL line signals potential bearish momentum.
3. Integrated Signal Filtering
Confluence Requirement : A trade signal is generated only when both the DSL indicator and oscillator agree. For instance, a long entry requires both an uptrend confirmation from the DSL indicator and a bullish momentum signal from the oscillator.
Risk Management Integration : The strategy uses the DSL indicator's bands for setting stop-loss levels and calculates take-profit levels based on a user-defined risk-reward ratio. This ensures that every trade has a predefined risk management plan.
--------------------------------------------------------------------------------------------
Originality and Value Added to the Community
Unique Synergy : While both indicators are available individually, this strategy is original in how it combines them to enhance their strengths and mitigate their weaknesses, offering a novel approach not present in existing scripts.
Enhanced Reliability : By requiring confirmation from both trend and momentum indicators, the strategy reduces false signals and increases the likelihood of successful trades.
Versatility : The customizable parameters allow traders to adapt the strategy to different instruments, timeframes, and trading styles, making it a valuable tool for a wide range of trading scenarios.
Educational Contribution : The script demonstrates an effective method of combining indicators for improved trading performance, providing insights that other traders can learn from and apply to their own strategies.
--------------------------------------------------------------------------------------------
How to Use the Strategy
Adding the Strategy to Your Chart
Apply the DSL Strategy to your desired trading instrument and timeframe on TradingView.
--------------------------------------------------------------------------------------------
Configuring Parameters
DSL Indicator Settings :
Length (len) : Adjusts the sensitivity of the DSL lines (default is 34).
Offset : Determines the look-back period for threshold calculations (default is 30).
Bands Width (width) : Changes the distance of the ATR-based bands from the DSL lines (default is 1).
DSL-BELUGA Oscillator Settings :
Beluga Length (len_beluga) : Sets the period for the RSI calculation in the oscillator (default is 10).
DSL Lines Mode (dsl_mode) : Chooses between "Fast" (more responsive) and "Slow" (smoother) modes for the oscillator's DSL lines.
Risk Management :
Risk Reward (risk_reward) : Defines your desired risk-reward ratio for calculating take-profit levels (default is 1.5).
--------------------------------------------------------------------------------------------
Interpreting Signals
Long Entry Conditions :
Trend Confirmation : Price is above the upper DSL line and the upper DSL band (dsl_up1 > dsl_dn).
Price Behavior : The last three candles have both their opens and closes above the upper DSL line.
Momentum Signal : The DSL-BELUGA oscillator crosses above its lower DSL line (up_signal), indicating bullish momentum.
Short Entry Conditions :
Trend Confirmation : Price is below the lower DSL line and the lower DSL band (dsl_dn < dsl_up1).
Price Behavior : The last three candles have both their opens and closes below the lower DSL band.
Momentum Signal : The DSL-BELUGA oscillator crosses below its upper DSL line (dn_signal), indicating bearish momentum.
Exit Conditions :
Stop-Loss : Automatically set at the DSL indicator's band level (upper band for longs, lower band for shorts).
Take-Profit : Calculated based on the risk-reward ratio and the initial risk determined by the stop-loss distance.
Visual Aids
Signal Arrows : Upward green arrows for long entries and downward blue arrows for short entries appear on the chart when conditions are met.
Stop-Loss and Take-Profit Lines : Red and green lines display the calculated stop-loss and take-profit levels for active trades.
Background Highlighting : The chart background subtly changes color to indicate when a signal has been generated.
Backtesting and Optimization
Use TradingView's strategy tester to backtest the strategy over historical data.
Adjust parameters to optimize performance for different instruments or market conditions.
Regularly review backtesting results to ensure the strategy remains effective.
Price Iterations with Pips*Script Name:* Price Iterations with Pips
*Description:* This script plots horizontal lines above and below a user-defined initial price, representing price iterations based on a specified number of pips.
*Functionality:*
1. Asks for user input:
- Initial Price
- Pips per Iteration
- Number of Iterations
2. Calculates the price change per pip.
3. Plots horizontal lines:
- Above the initial price (green)
- Below the initial price (red)
4. Extends lines dynamically to both sides.
*Use Cases:*
1. *Support and Resistance Levels:* Use the script to visualize potential support and resistance levels based on price iterations.
2. *Price Targets:* Set the initial price as a target and use the iterations to estimate potential profit/loss levels.
3. *Risk Management:* Utilize the script to visualize risk levels based on pip iterations.
4. *Technical Analysis:* Combine the script with other technical indicators to identify potential trading opportunities.
*Trading Platforms:* This script is designed for TradingView.
*How to Use:*
1. Add the script to your TradingView chart.
2. Set the initial price, pips per iteration, and number of iterations.
3. Adjust the colors and line styles as needed.
4. Zoom in/out and pan to see the lines adjust.
*Benefits:*
1. Visualize price iterations and potential support/resistance levels.
2. Simplify risk management and price target estimation.
3. Enhance technical analysis with customizable price levels.
Supertrend Scanner on ChartThis Indicator is Used to scan 10 stock on chart.
Supertrend is widely used indicator on tradingview. So we have used the originals indicator codes of supertrend by tradingview here. Background color has been changed as per supertrend trrend.
Problem : Sometime trader wants to track multiple stocks supertrend at a time. Mostly those stock are of same sector. To track all the stocks of same sector in one chart , trader has to open multiple charts for that.
Solution : This indicator pointout where other stocks has changed the trend. Like if you see "SBIN" written in GEREEN at bottom of the candle , that means on that particular candle SBIN supertrend has changed to positive. Similarly if you see "KOTAK" written in RED at top of the candle the means supertrend has changed to Negative on that particular candle. Its so easy to trace 10 stock on same chart which stocks labelling.
How to use :
When you trade on any index , then apply all the index constituents stock on this indicator. When Index changes the trend and that change in trend is confirmed by other constituents ( like 7/10 confirmed ) then that is confirmed trend. If all the constituents are on same direction than that's the confirmed trend.
Disclamer : This indicator is for education purpose , for any profit or loss , we are not responsible. Trade on your own risk.
Reflected ema Difference (RED) This script, titled "Reflected EMA Difference (RED)," is based on the logic of evaluating the percentage of convergence and divergence between two moving averages, specifically the Hull Moving Averages (HMA), to make price-related decisions. The Hull Moving Average, created by Alan Hull, is used as the foundation of this strategy, offering a faster and more accurate way to analyze market trends. In this script, the concept is employed to measure and reflect price variations.
Script Functionality Overview:
Hull Moving Averages (HMA): The script utilizes two HMAs, one short-term and one long-term. The main idea is to compute the Delta Difference between these two moving averages, which represents how much they are converging or diverging from each other. This difference is key to identifying potential market trend changes.
Reflected HMA Value: Using the Delta Difference between the HMAs, the value of the short-term HMA is reflected, creating a visual reference point that helps traders see the relationship between price and HMAs on the chart.
Percentage Change Index: The second key parameter is the percentage change index. This determines when a trend is reversing, allowing buy or sell orders to be established based on significant changes in the relationship between the HMAs and the price.
Delta Multiplier: The script comes with a default Delta multiplier of 2 for calculating the difference between HMAs, allowing traders to adjust the sensitivity of the analysis based on the time frame being analyzed.
Trend Reversal Signals: When the price crosses the thresholds defined by the percentage change index, buy or sell signals are triggered, based on the detection of a potential trend reversal.
Visual Cues with Boxes: Boxes are drawn on the chart when the HullMA crosses the reflected HMA value, providing a visual aid to identify critical moments where risk should be evaluated.
Alerts for Receiving Signals:
This script allows you to set up buy and sell alerts via TradingView's alert system. These alerts are triggered when trend changes are detected based on the conditions coded in the script. Traders can receive instant notifications, allowing them to make decisions without needing to constantly monitor the chart.
Additional Considerations:
The percentage change parameter is adjustable and should be configured based on the time frame you are trading on. For longer time frames, it's advisable to use a larger percentage change to avoid false signals.
The use of Hull Moving Averages (HMA) provides a faster and more reactive approach to trend evaluation compared to other moving averages, making it a powerful tool for traders seeking quick reversal signals.
This approach combines the power of Hull Moving Averages with an alert system to improve the trader’s response to trend changes.
Spanish
Este script, titulado "Reflected EMA Difference (RED)", está fundamentado en la lógica de evaluar el porcentaje de acercamiento y distancia entre dos medias móviles, específicamente las medias móviles de Hull (HMA), para tomar decisiones sobre el valor del precio. El creador de la media móvil de Hull, Alan Hull, diseñó este indicador para ofrecer una forma más rápida y precisa de analizar tendencias de mercado, y en este script se utiliza su concepto como base para medir y reflejar las variaciones de precio.
Descripción del funcionamiento:
Medias Móviles de Hull (HMA): Se utilizan dos HMAs, una de corto plazo y otra de largo plazo. La idea principal es calcular la diferencia Delta entre estas dos medias móviles, que representa cuánto se están alejando o acercando entre sí. Esta diferencia es clave para identificar cambios potenciales en la tendencia del mercado.
Valor Reflejado de la HMA: Con la diferencia Delta calculada entre las HMAs, se refleja el valor de la HMA corta, creando un punto de referencia visual que ayuda a los traders a observar la relación entre el precio y las HMAs en el gráfico.
Índice de Cambio de Porcentaje: El segundo parámetro clave del script es el índice de cambio porcentual. Este define el momento en que una tendencia está revirtiendo, permitiendo establecer órdenes de compra o venta en función de un cambio significativo en la relación entre las HMAs y el precio.
Multiplicador Delta: El script tiene un multiplicador predeterminado de 2 para el cálculo de la diferencia Delta, lo que permite ajustar la sensibilidad del análisis según la temporalidad del gráfico.
Señales de Reversión de Tendencia: Cuando el precio cruza los límites definidos por el índice de cambio porcentual, se emiten señales para comprar o vender, basadas en la detección de una posible reversión de tendencia.
Visualización con Cajas: Se dibujan cajas en el gráfico cuando el indicador HullMA cruza el valor reflejado de la HMA, ayudando a identificar visualmente los momentos críticos en los que se debe evaluar el riesgo de las operaciones.
Alertas para Recibir Señales:
Este script permite configurar alertas de compra y venta desde el apartado de alertas de TradingView. Estas alertas se activan cuando se detectan cambios de tendencia en función de las condiciones establecidas en el código. El trader puede recibir notificaciones instantáneas, lo que facilita la toma de decisiones sin necesidad de estar constantemente observando el gráfico.
Consideraciones adicionales:
El porcentaje de cambio es un parámetro ajustable y debe configurarse según la temporalidad que se esté operando. En temporalidades más largas, es recomendable usar un porcentaje de cambio mayor para evitar señales falsas.
La utilización de las medias móviles de Hull (HMA) proporciona un enfoque más rápido y reactivo para evaluar tendencias en comparación con otras medias móviles, lo que lo convierte en una herramienta poderosa para traders que buscan señales rápidas de reversión.
Este enfoque combina la potencia de las medias móviles de Hull con un sistema de alertas que mejora la reactividad a cambios de tendencia.
Solar System in 3D [Astro Tool w/ Zodiac]Hello Traders and Developers,
I am excited to announce my latest Open Source indicator. At the core, this is a demonstration of PineScript’s capabilities in Rendering 3D Animations, while at the same time being a practical tool for Financial Astrologists.
This 3D Engine dynamically renders all the major celestial bodies with their individual orbits, rotation speeds, polar inclinations and astrological aspects, all while maintaining accurate spatial relationships and perspective.
This is a Geocentric model of the solar system (viewed from the perspective of Earth), since that is what most Astrologists use. Thanks to the AstroLib Library created by @BarefootJoey, this model uses the real coordinates of cosmic bodies for every timestamp.
This script truly comes to life when using the “Bar Replay” mode in TradingView, as you can observe the relationships between planets and price action as time progresses, with the full animation capabilities as mentioned above.
In addition to what I have described, this indicator also displays the orbital trajectories for each cosmic body, and has labels for everything. I have also added the ability to hover on all the labels, and see a short description of what they imply in Astrology.
Optional Planetary Aspect Computation
This indicator supports all the Major Planetary Aspects, with an accuracy defined by the user (1° by default).
Conjunction: 0° Alignment. This draws a RED line starting from the center, and going through both planets.
Sextile: 60° Alignment. This draws three YELLOW lines, connecting the planets to each other and to the center.
Square: 90° Alignment. This draws three BLUE lines, connecting the planets to each other and to the center.
Trine: 120° Alignment. This draws three PURPLE lines, connecting the planets to each other and to the center.
Opposition: 180° Alignment. This draws a GREEN line starting from one planet, passing through the center and ending on the second planet.
The below image depicts a Top-Down view of the system, with the Moon in Opposition to Venus and with Mars in Square with Neptune .
Retrograde Computation
This indicator also displays when a planet enters Retrograde (Apparent Backward Motion) by making its orbital trajectory dashed and the planet name getting a red background.
The image below displays an example of Jupiter, Saturn, Neptune and Pluto in Retrograde Motion, from the camera perspective of a 65 degree inclination.
Optional Zodiac Computation (Tropical and Sidereal)
Zodiac represents the relatively stationary star formations that rest along the ecliptic plane, with planets transitioning from one to the next, each with a 30° separation (making 12 in total). I have implemented the option to switch between Tropical mode (where these stars were 2,000 years ago) and Sidereal (where these stars are today).
The image below displays the Zodiac labels with clear lines denoting where each planet falls into.
While this indicator is deployed in a separate pane, it is trivial to transfer it onto your price chart, just by clicking and dragging the graphics. After that, you can adjust the visuals by dragging the scale on the side, or optimizing model settings. You can also drag the model above or below the price, as shown in the following image:
Of course, there are a lot of options to customize this planetary model to your tastes and analytical needs. Aside from visual changes for the labels, colors or resolution you can also disable certain planets that don’t meet your needs as shown below:
Once can also infer the current lunar phases using the Aspects between the Sun and Moon. When the Moon is Opposite the Sun that is a Full Moon, while when they are Conjunct that is a New Moon (and sometimes Eclipse).
—---------------------------------------------------------------------------
I have made this indicator open source to help PineScript programmers understand how to approach 3D graphics rendering, enabling them to develop ever more capable scripts and continuously push the boundaries of what's possible on TradingView.
The code is well documented with comments and has a clear naming convention for functions and variables, to aid developers understand how everything operates.
For financial astrologists, this indicator offers a new way to visualize and correlate planetary movements, adding depth and ease to astrological market analysis.
Regards,
Hawk
First Candle High Low LevelsDescription
The "First Candle High Low Levels" Pine Script indicator is designed to highlight the high and low levels of the first candle of the day on your TradingView chart. It works across different timeframes and specifically handles the Indian stock market trading hours (9:15 AM to 3:30 PM IST). The script draws a box from the start to the end of the trading session, visually marking the price range defined by the first candle of the day. Traders can customize the box's border color, fill color, and line width.
Features
Customizable Timeframe: Users can select the desired timeframe for the first candle (e.g., 5-minute, 15-minute, etc.).
Custom Box Appearance: Options to adjust the border color, fill color, and line width of the drawn box.
Auto Reset for Each New Day: The high and low of the first candle are reset daily to mark the start of the next trading day.
Accurate Market Session Handling: The box is drawn from the start of the first candle to the end of the trading session (3:30 PM IST).
Usage
Adding to Chart: Apply the script by copying it into the Pine Script editor in TradingView. Once added, the script will automatically draw a box representing the high and low of the first candle of the day.
Select Timeframe: You can adjust the First Candle Timeframe input to define which timeframe candle will be used for marking the high and low. For example, if you choose a 5-minute timeframe, the high and low of the first 5-minute candle will be used.
Customization:
Adjust the Border Color and Box Fill Color through the input settings to match your chart's style.
Modify the Box Line Width to make the box lines more or less prominent.
Uptrick: Dual Moving Average Volume Oscillator
Title: Uptrick: Dual Moving Average Volume Oscillator (DPVO)
### Overview
The "Uptrick: Dual Moving Average Volume Oscillator" (DPVO) is an advanced trading tool designed to enhance market analysis by integrating volume data with price action. This indicator is specially developed to provide traders with deeper insights into market dynamics, making it easier to spot potential entry and exit points based on volume and price interactions. The DPVO stands out by offering a sophisticated approach to traditional volume analysis, setting it apart from typical volume indicators available on the TradingView platform.
### Unique Features
Unlike traditional indicators that analyze volume and price movements separately, the DPVO combines these two critical elements to offer a comprehensive view of market behavior. By calculating the Volume Impact, which involves the product of the exponential moving averages (EMAs) of volume and the price range (close - open), this indicator highlights significant trading activities that could indicate strong buying or selling pressure. This method allows traders to see not just the volume spikes, but how those spikes relate to price movements, providing a clearer picture of market sentiment.
### Customization and Inputs
The DPVO is highly customizable, catering to various trading styles and strategies:
- **Oscillator Length (`oscLength`)**: Adjusts the period over which the volume and price difference is analyzed, allowing traders to set it according to their trading timeframe.
- **Fast and Slow Moving Averages (`fastMA` and `slowMA`)**: These parameters control the responsiveness of the DPVO. A shorter `fastMA` coupled with a longer `slowMA` can help in identifying trends quicker or smoothing out market noise for more conservative approaches.
- **Signal Smoothing (`signalSmooth`)**: This input helps in reducing signal noise, making the crossover and crossunder points between the DVO and its smoothed signal line clearer and easier to interpret.
### Functionality Details
The DPVO operates through a sequence of calculated steps that integrate volume data with price movement:
1. **Volume Impact Calculation**: This is the foundational step where the product of the EMA of volume and the EMA of price range (close - open) is calculated. This metric highlights trading sessions where significant volume accompanies substantial price movements, suggesting a strong market response.
2. **Dynamic Volume Oscillator (DVO)**: The heart of the indicator, the DVO, is derived by calculating the difference between the fast EMA and the slow EMA of the Volume Impact. This result is then normalized by dividing by the EMA of the volume over the same period to scale the output, making it consistent across various trading environments.
3. **Signal Generation**: The final output is smoothed using a simple moving average of the DVO to filter out market noise. Buy and sell signals are generated based on the crossover and crossunder of the DVO with its smoothed version, providing clear cues for market entry or exit.
### Originality
The DPVO's originality lies in its innovative integration of volume and price movement, a novel approach not typically observed in other volume indicators. By analyzing the product of volume and price change EMAs, the DPVO captures the essence of market dynamics more holistically than traditional tools, which often only reflect volume levels without contextualizing them with price actions. This dual analysis provides traders with a deeper understanding of market forces, enabling them to make more informed decisions based on a combination of volume surges and significant price movements. The DPVO also introduces a unique normalization and smoothing technique that refines the oscillator's output, offering cleaner and more reliable signals that are adaptable to various market conditions and trading styles.
### Practical Application
The DPVO excels in environments where volume plays a crucial role in validating price movements. Traders can utilize the buy and sell signals generated by the DPVO to enhance their decision-making process. The signals are plotted directly on the trading chart, with buy signals appearing below the price bars and sell signals above, ensuring they are prominent and actionable. This setup is particularly useful for day traders and swing traders who rely on timely and accurate signals to maximize their trading opportunities.
### Best Practices
To maximize the effectiveness of the DPVO, traders should consider the following best practices:
- **Market Selection**: Use the DPVO in markets known for strong volume-price correlation such as major forex pairs, popular stocks, and cryptocurrencies.
- **Signal Confirmation**: While the DPVO provides powerful signals, confirming these signals with additional indicators such as RSI or MACD can increase trade reliability.
- **Risk Management**: Always use stop-loss orders to manage risks associated with trading signals. Adjust the position size based on the volatility of the asset to avoid significant losses.
### Practical Example + How to use it
Practical Example1: Day Trading Cryptocurrencies
For a day trader focusing on the highly volatile cryptocurrency market, the DPVO can be an effective tool on a 15-minute chart. Suppose a trader is monitoring Bitcoin (BTC) during a period of high market activity. The DPVO might show an upward crossover of the DVO above its smoothed signal line while also indicating a significant increase in volume. This could signal that strong buying pressure is entering the market, suggesting a potential short-term rally. The trader could enter a long position based on this signal, setting a stop-loss just below the recent support level to manage risk. If the DPVO later shows a crossover in the opposite direction with decreasing volume, it might signal a good exit point, allowing the trader to lock in profits before a potential pullback.
- **Swing Trading Stocks**: For a swing trader looking at stocks, the DPVO could be applied on a daily chart. If the oscillator shows a consistent downward trend along with increasing volume, this could suggest a potential sell-off, providing a sell signal before a significant downturn.
You can look for:
--> Increase in volume - You can use indicators like 24-hour-Volume to have a better visualization
--> Uptrend/Downtrend in the indicator (HH, HL, LL, LH)
--> Confirmation (Buy signal/Sell signal)
--> Correct Price action (Not too steep moves up or down. Stable moves.) (Optional)
--> Confirmation with other indicators (Optional)
Quick image showing you an example of a buy signal on SOLANA:
### Technical Notes
- **Calculation Efficiency**: The DPVO utilizes exponential moving averages (EMAs) in its calculations, which provides a balance between responsiveness and smoothing. EMAs are favored over simple moving averages in this context because they give more weight to recent data, making the indicator more sensitive to recent market changes.
- **Normalization**: The normalization of the DVO by the EMA of the volume ensures that the oscillator remains consistent across different assets and timeframes. This means the indicator can be used on a wide variety of markets without needing significant adjustments, making it a versatile tool for traders.
- **Signal Line Smoothing**: The final signal line is smoothed using a simple moving average (SMA) to reduce noise. The choice of SMA for smoothing, as opposed to EMA, is intentional to provide a more stable signal that is less prone to frequent whipsaws, which can occur in highly volatile markets.
- **Lag and Sensitivity**: Like all moving average-based indicators, the DPVO may introduce a slight lag in signal generation. However, this is offset by the indicator’s ability to filter out market noise, making it a reliable tool for identifying genuine trends and reversals. Adjusting the `fastMA`, `slowMA`, and `signalSmooth` inputs allows traders to fine-tune the sensitivity of the DPVO to match their specific trading strategy and market conditions.
- **Platform Compatibility**: The DPVO is written in Pine Script™ v5, ensuring compatibility with the latest features and functionalities offered by TradingView. This version takes advantage of optimized functions for performance and accuracy in calculations, making it well-suited for real-time analysis.
Conclusion
The "Uptrick: Dual Moving Average Volume Oscillator" is a revolutionary tool that merges volume analysis with price movement to offer traders a more nuanced understanding of market trends and reversals. Its ability to provide clear, actionable signals based on a unique combination of volume and price changes makes it an invaluable addition to any trader's toolkit. Whether you are managing long-term positions or looking for quick trades, the DPVO provides insights that can help refine any trading strategy, making it a standout choice in the crowded field of technical indicators.
Nothing from this indicator or any other Uptrick Indicators is financial advice. Only you are ultimately responsible for your choices.
Sniper Signal- Description
The Sniper Signal is a sophisticated technical indicator designed for traders seeking to maximize accuracy in identifying key turning points within a market. This indicator is built on a dual approach, combining the power of the Wave Trend Momentum Oscillator (WTMO) with the robustness of a long-term Simple Moving Average (SMA), making it an ideal tool for trading in dynamic and trending market environments.
The WTMO is known for its ability to capture momentum and underlying price direction, providing early signals of trend changes. By smoothing price movements using an exponential moving average (EMA), the WTMO accurately identifies when price is overextending in one direction, which may precede a reversal.
The 100-period SMA acts as a critical trend filter, ensuring that trades are only made in the direction of the prevailing market flow. This approach ensures that signals generated by the WTMO align with the long-term trend, filtering out false signals that can appear in sideways or low volatility markets.
The Sniper Signal is not just an indicator that marks entries and exits; it is a complete strategy in itself, designed for traders who understand the importance of trading in the direction of the prevailing trend. Buy signals are generated only when momentum is at its lowest point (WT1 < -5) and the price is supported by a confirmed uptrend (price above the SMA). Conversely, sell signals are only triggered when momentum is at extremely high levels (WT1 > 5) and the market shows clear signs of weakness (price below the SMA).
This combination of momentum and trend analysis creates a balanced approach that allows traders to capture significant moves in the market, while minimizing exposure to unnecessary risk. The Sniper Signal is particularly effective in markets with well-defined trends, where the key to success lies in entering the market at optimal points and exiting before a significant reversal occurs.
In summary, the Sniper Signal is an advanced tool designed for serious traders looking to take advantage of the combination of momentum and trend to execute high probability trades in moving markets.
- How to use the script?
The Sniper Signal indicator code is written in Pine Script, the native programming language of TradingView. To use this indicator, users must copy the code and paste it into the Pine Script editor within the TradingView platform. Once they have done this, they can save and add the script to their chart to begin displaying buy and sell signals directly on their price charts.
When using the Sniper Signal, traders should pay attention to the signals represented by the triangles on the chart: an upward-facing blue triangle indicates a possible buying opportunity, while a downward-facing red triangle suggests a possible selling opportunity. It is crucial that users also watch the 100-period Simple Moving Average (SMA), shown as a gray line on the chart, to ensure that trades align with the overall market trend. This helps filter out less reliable signals and improves the accuracy of trading decisions.
- Open-source reuse
The indicator code is based on common and widely used concepts in technical analysis, such as the Wave Trend Momentum Oscillator (WTMO) and the Simple Moving Average (SMA). These components are not proprietary and are part of the general knowledge in the trading community, which means that many developers can create their own versions based on these same principles.
FVG Alerts (Vortus)What are Fair Value Gaps (FVGs)?
Fair Value Gaps (FVGs) represent price inefficiencies where buying and selling volumes are imbalanced, creating gaps between the wicks of consecutive candles. These gaps often act as magnets for price, as markets tend to "fill" these gaps before resuming their trend.
FVGs can signal potential entry or exit points, making them a valuable tool for traders looking to exploit these price inefficiencies.
How to Use the Script to Add Alerts:
1. Add the Script to Your Chart:
Load the script into TradingView by pasting it into the Pine Script Editor, then apply it to your chart.
2. Adjust Your Settings:
In the "FVG Settings" section, decide whether you want gaps to be removed after their midpoint or full fill. You can also choose to identify gaps only after a candle has closed, adding a level of confirmation to your strategy.
Customize the colors for Bullish and Bearish FVGs under "Visual Settings" to match your chart's theme.
3. Set Up Your Alerts:
After adding the script to your chart, go to the "Alerts" section in TradingView.
Select either "Bullish FVG Filled" or "Bearish FVG Filled" from the "Condition" dropdown menu.
Configure the alert parameters such as frequency, expiration, and notification method according to your trading strategy.
4. Stay on Top of the Market:
Once set up, the script will automatically notify you when a Fair Value Gap is filled, keeping you informed of potential reversal or continuation opportunities without needing to constantly monitor the charts.
Feedback is Welcome
MTF AnalysisMTF Analysis - Multi-Timeframe TradingView Script
Overview: The "MTF Analysis" script provides a comprehensive approach to analyzing price trends across daily, weekly, and monthly timeframes using linear regression channels. It helps traders identify strong and weak bullish or bearish conditions based on the relationship between the current price and regression lines derived from multiple timeframes.
Key Features:
User-Defined Inputs:
Regression Lengths: Customize regression lengths for daily, weekly, and monthly timeframes.
Smoothing Length: Apply smoothing to regression lines.
Near-Zero Threshold: Filter out signals near a defined slope threshold for more refined analysis.
Daily Time Frame Filter: Optional filter to consider daily regression slope in signal generation.
Regression Line Calculation:
The script calculates linear regression lines for each timeframe (daily, weekly, monthly) and applies a smoothing function to refine the signals.
Signal Conditions:
Strong Bullish/Bearish: Signals generated when the price is consistently above/below weekly and monthly regression lines, with the option to apply the daily timeframe filter.
Weak Bullish/Bearish: Signals generated when the price is above/below the monthly regression line alone.
Visual Indicators:
The script plots regression lines on the chart with different colors for easy identification.
It also displays arrows on the chart to indicate strong or weak bullish/bearish signals.
Alerts:
Custom alerts for each signal condition help traders stay informed of potential trading opportunities.
This script is highly customizable, allowing traders to tailor it to their specific trading style and preferences.
This summary can be used to introduce the script to other traders or for publication on platforms like TradingView.
SP500 RatiosThe "SP500 Ratios" indicator is a powerful tool developed for the TradingView platform, allowing users to access a variety of financial ratios and inflation-adjusted data related to the S&P 500 index. This indicator integrates with Nasdaq Data Link (formerly known as Quandl) to retrieve historical data, providing a comprehensive overview of key financial metrics associated with the S&P 500.
Key Features
Price to Sales Ratio: Quarterly ratio of price to sales (revenue) for the S&P 500.
Dividend Yield: Monthly dividend yield based on 12-month dividend per share.
Price Earnings Ratio (PE Ratio): Monthly price-to-earnings ratio based on trailing twelve-month reported earnings.
CAPE Ratio (Shiller PE Ratio): Monthly cyclically adjusted PE ratio, based on average inflation-adjusted earnings over the past ten years.
Earnings Yield: Monthly earnings yield, the inverse of the PE ratio.
Price to Book Ratio: Quarterly ratio of price to book value.
Inflation Adjusted S&P 500: Monthly S&P 500 level adjusted for inflation.
Revenue Per Share: Quarterly trailing twelve-month sales per share, not adjusted for inflation.
Earnings Per Share: Monthly real earnings per share, adjusted for inflation.
User Configuration
The indicator offers flexibility through user-configurable options. You can choose to display or hide each metric according to your analysis needs. Users can also adjust the line width for better visibility on the chart.
Visualization
The selected data is plotted on the chart with distinct colors for each metric, facilitating visual analysis. A dynamic legend table is also generated in the top-right corner of the chart, listing the currently displayed metrics with their associated colors.
This indicator is ideal for traders and analysts seeking detailed insights into the financial performance and valuations of the S&P 500, while benefiting from the customization flexibility offered by TradingView.
MTOBVR_CheckOverview.
This indicator checks to see if the OBV follows a specific pattern and visually displays the trend of the OBV on different time legs. It also has the ability to set alerts when certain conditions are met.
How to use
Setting up the indicator
Add a new indicator on a chart in TradingView.
Copy the code into the “Pine Script™ Editor” and save it as a new script.
Apply the script to your chart.
Indicator Functions
OBV Calculation
Calculates OBV for each time frame (5-minute, 15-minute, 30-minute, 1-hour, 4-hour, daily, and weekly) and displays it on the chart OBV is an indicator that combines price changes and trading volume.
Pattern Detection
Detects whether a particular pattern, such as a double or triple bottom, appears in the OBV. This allows us to identify buy or sell signals.
When these patterns are detected, the background color changes.
Background Color Change
When an OBV forms a particular pattern, the background color of the chart changes. This provides visual confirmation that a pattern has appeared.
Minimum pattern (min_bool): when the 5-, 15-, and 30-minute conditions for OBV are met.
High hourly pattern (h_bool): when the condition is met for the 1-hour, 4-hour, and daily legs of the OBV.
One-week pattern (range_obv_1w_bool): when the condition is met for the 1-week OBV pattern.
When all conditions are met: when the minimum pattern, high hourly pattern, and one-week pattern are all met.
Alert Settings
You can set alerts when certain conditions are met. This allows you to receive signals in real time.
Minimum conditions (min_bool): conditions at 5, 15, and 30 minutes of OBV.
High timeframe condition (h_bool): condition on the 1-hour, 4-hour, and daily legs of the OBV.
When all conditions are met: When all of the above conditions are met.
One-week condition (range_obv_1w_bool): Condition for the one-week leg of the OBV.
When all conditions are met: when the minimum, high time leg, and one week conditions are all met.
Arrows
OBV_ALL_UP: A green triangle arrow is displayed when the OBV is rising on all time legs.
OBV_ALL_DOWN: A red triangle arrow appears when the OBV is falling on all time legs.
Usage Notes
Time Leg Settings: This script uses OBVs of different time legs to detect patterns. Depending on the time leg used, appropriate settings and interpretation are required.
Alert settings: In order to activate the alert function, the alert conditions and notification method must be configured using TradingView's alert system.
This indicator allows you to visually see trends and patterns in the OBV across multiple time frames, allowing you to make more informed trading decisions.
Marcos Ruiz :Price Change Speed Descripción:
Este indicador en Pine Script está diseñado para analizar y visualizar dinámicamente la velocidad de los cambios de precio en un gráfico de TradingView. El indicador permite a los usuarios seleccionar diferentes tipos de medias móviles y fuentes de precios para calcular y mostrar el cambio porcentual en el precio durante un período especificado
Características:
Selección de Fuente de Precio: Elige entre cierre, apertura, alto, o bajo para los cálculos de precios
Tipos de Media Móvil: Selecciona entre SMA, WMA, EMA, HMA, o VWMA para determinar la media móvil utilizada en el cálculo de la velocidad promedio
Coloreado Dinámico: El color de la línea de la media móvil cambia según la velocidad de cambio de precio
Aumento de Velocidad: Cuando la velocidad del cambio de precio está aumentando, la media móvil se colorea según upColor definido por el usuario
Disminución de Velocidad: Cuando la velocidad está disminuyendo, la media móvil se colorea según downColor definido por el usuario
Posición Neutral: Coloreado adicional para escenarios donde el precio está por encima o por debajo de la media móvil, pero no cumple con las condiciones de aumento/disminución
Factor de Refuerzo: Ajusta la sensibilidad del cálculo del cambio de velocidad
Uso:
Parámetros de Entrada:
Define el Período para establecer la ventana de retroceso para calcular la velocidad
Elige la Fuente de Precio para determinar qué datos de precios usar
Selecciona el Tipo de Media Móvil y ajusta la Longitud de EMA para la comparación
Interpretación:
El indicador traza la media móvil seleccionada con colores dinámicos basados en la velocidad calculada del cambio de precio
Los cambios positivos y negativos en la velocidad se indican con diferentes colores, proporcionando una representación visual del momento y la fuerza de la tendencia del precio
Nota: Este script es el resultado de un desarrollo y pruebas extensivas. Se agradecen mucho sus comentarios y contribuciones
Description:
This Pine Script indicator is designed to dynamically analyze and visualize the speed of price changes on a TradingView chart. The indicator allows users to select different moving average types and price sources to compute and display the percentage change in price over a specified period
Features:
Price Source Selection: Choose from close, open, high, or low for price calculations
Moving Average Types: Select from SMA, WMA, EMA, HMA, or VWMA to determine the moving average used for computing average speed
Dynamic Coloring: The moving average line's color changes based on the speed of price change
Increasing Speed: When the price change speed is increasing, the moving average is colored according to the user-defined upColor
Decreasing Speed: When the speed is decreasing, the moving average is colored according to the user-defined downColor
Neutral Position: Additional coloring for scenarios where the price is above or below the moving average but not meeting the increase/decrease conditions
Reinforcement Factor: Adjusts the sensitivity of the speed change calculation
Usage:
Input Parameters:
Set the Period to define the lookback window for calculating speed
Choose the Price Source to determine which price data to use
Select the Moving Average Type and adjust the EMA Length for comparison
Interpretation:
The indicator plots the selected moving average with dynamic colors based on the calculated speed of price change
Positive and negative changes in speed are indicated by different colors, providing a visual representation of price momentum and trend strength
Note: This script is the result of extensive development and testing. Your feedback and contributions are highly appreciated
Parabolic SAR Waves [MMA]Parabolic SAR Waves
Description:
The "Parabolic SAR Waves " is an advanced version of the traditional Parabolic SAR indicator, customized for TradingView. This script incorporates dynamic acceleration factors and optional gradient coloration to enhance visual interpretation and utility for traders aiming to accurately capture trends and predict potential reversals.
Features:
- Dynamic Acceleration: Adjust the initial, incremental, and maximum values of the acceleration factor to suit various market conditions and trading preferences.
- Gradient Coloring: Use gradient colors to indicate the strength and stability of the trend, providing visual cues that are easy to interpret.
- Trend Visibility: The SAR dots are plotted directly on the price chart, making it easy to spot trend changes and maintain situational awareness.
- Overlay Feature: Designed to overlay directly on the price charts, allowing for seamless integration with other technical analysis tools.
Benefits:
- Trend Detection: Helps in identifying the beginning and potential reversal of trends, aiding in timely decision-making.
- Stop-Loss Management: Utilizes the positions of the SAR dots as dynamic stop-loss points, which helps in risk management.
- Visual Simplicity: Enhances the decision-making process through a straightforward visual representation of trend data.
Parameters:
- Acceleration Start (accel_start): The initial value for the acceleration, set to 0.02 by default.
- Acceleration Increment (accel_inc): The amount by which the acceleration increases, set to 0.005 by default.
- Acceleration Maximum (accel_max): The maximum limit of the acceleration factor, set to 0.1 by default.
- Use Gradient Colors (use_gradient): A boolean toggle to enable or disable gradient coloring, enabled by default.
Indicator Usage:
1. To apply, select this indicator from TradingView's indicator library.
2. Adjust the acceleration parameters based on your specific trading strategy and market analysis.
3. Interpret the indicator signals:
- Green SAR dots below the price bars indicate a bullish trend.
- Red SAR dots above the price bars signify a bearish trend.
- Gradient colors, if enabled, provide insights into the acceleration factor's intensity relative to trend strength.
Alerts:
- Bullish Reversal Alert: Issues a notification if there is a potential upward reversal when the trend shifts to bullish.
- Bearish Reversal Alert: Alerts when there's potential for a downward move as the trend turns bearish.
The "Parabolic SAR Waves " is a robust tool, ideal for traders who need precise, customizable trend-following capabilities that integrate seamlessly with other market analysis strategies. Enhance your trading with detailed trend insights and adaptive parameter controls.
Enhanced Market Influence DashboardDescription
The "Enhanced Market Influence Dashboard" (EMID) is a sophisticated trading indicator developed in Pine Script, designed to provide traders with a comprehensive view of the market's influences by analyzing a diverse set of financial instruments. This script integrates various market data, calculates dynamic weights based on volatility, and combines them into a composite score to help traders identify significant market movements.
Concept and Methodology
The EMID indicator aggregates data from multiple financial instruments, including forex pairs, commodities, indices, and ETFs. By calculating the median and volatility of these instruments over user-defined timelines, it dynamically adjusts their weights to reflect current market conditions. The composite score generated from these weighted values helps traders understand the overall market influence and detect significant movements.
Key Features
Market Data Integration: The script fetches real-time data from various symbols such as USD/JPY, Gold, Dollar Index (DXY), US Treasury Rate, VIX Index, Crude Oil, EUR/USD, Emerging Market Index, QYLD ETF, and Nasdaq 100 Futures.
1. Dynamic Weight Calculation: The script calculates dynamic weights for each instrument based on their volatility relative to their simple moving average. This approach ensures that more volatile instruments have a proportionally higher impact on the composite score.
2. Median and Volatility Analysis: It uses the median value and standard deviation over specified timelines to gauge the central tendency and volatility of each instrument.
3. Composite Score Generation: By normalizing the difference between current prices and their respective medians, and applying dynamic weights, the script generates a composite score that reflects the overall market sentiment.
4. Baseline Calculation: A dynamic baseline is computed as the median of the composite score over the lookback period, providing a reference point for identifying significant deviations.
5. Alerts: The script includes alert conditions to notify traders of significant market movements, either above or below the baseline by a threshold value.
Usage
To use the EMID indicator, follow these steps:
1. Input Configuration: Adjust the input parameters to suit your trading strategy. The key inputs include:
-Median Timeline: The period for calculating the median values.
-Volatility Timeline: The period for calculating volatility.
-Base Weights: Set the base weights for each financial instrument according to their perceived influence on the market.
-Adding the Indicator: Apply the EMID indicator to your chart in TradingView. Ensure that the symbols used in the script are relevant to your trading strategy and available in your TradingView subscription.
2. Interpreting the Composite Score: The composite score plotted on the chart gives an aggregated view of market influences. Compare the composite score with the baseline to identify significant market movements.
-A composite score significantly above the baseline indicates a potential market uptrend.
-A composite score significantly below the baseline indicates a potential market downtrend.
-Setting Alerts: Use the alert conditions to set up notifications for significant market movements. These alerts help you stay informed about critical changes in market sentiment.
Underlying Calculations
1. Median Calculation: The median function is applied to each instrument's price data over the specified timeline.
2. Volatility Calculation: Volatility is calculated as the standard deviation divided by the simple moving average over the volatility timeline.
3. Dynamic Weight Application: Base weights are multiplied by the respective volatility values to get dynamic weights.
4. Normalized Scores: The script normalizes the difference between current prices and their medians, then multiplies by the dynamic weights to get individual scores.
5. Composite Score: Summing all normalized and weighted scores results in the composite score.
6. Baseline: The baseline is the median of the composite score over the median timeline.
By integrating multiple market influences and dynamically adjusting weights based on volatility, the EMID indicator provides a robust tool for traders to analyze market conditions and make informed trading decisions.
MTF Regime Filter II [CHE]Regime Filter II - Comprehensive Guide
Introduction
The "Regime Filter II " indicator is a tool designed to help traders identify market trends by smoothing price data and applying a color scheme to visualize bullish and bearish conditions. This guide provides a detailed explanation of the script's functionality, benefits, and how to use it effectively in TradingView.
Key Benefits
1. Trend Identification: Smooths price data to highlight underlying trends, making it easier for traders to spot potential buying or selling opportunities.
2. Visual Clarity: Uses distinct color schemes to differentiate between bullish and bearish market conditions, enhancing visual analysis.
3. Customization: Offers various settings to adjust smoothing and averaging lengths, choose between different color schemes, and set visibility for different timeframes.
4. Neutral Candle Option: Provides an option to display neutral candles for clearer visual representation when market conditions are neither strongly bullish nor bearish.
5. Timeframe Adaptability: Includes functions to determine appropriate step sizes based on different timeframes, ensuring the indicator remains accurate across various trading periods.
Script Breakdown
1. Indicator Declaration
The script starts by declaring itself as a TradingView indicator using the latest version of Pine Script. This sets up the framework for the indicator's functionality.
2. User Inputs for Smoothing and Averaging Lengths
The script allows users to input specific lengths for smoothing and averaging intervals. These inputs are crucial for determining how the price data is processed to identify trends. By adjusting these lengths, users can fine-tune the sensitivity of the indicator to market movements.
3. Color Scheme Selection
Users can choose between two color schemes: "Traditional" and "WT1 0 Rule". The selected color scheme will determine how the indicator colors the candles to represent bullish and bearish conditions. This customization enhances the visual appeal and usability of the indicator according to personal preferences.
4. Settings for Timeframe Visibility
The script includes settings that allow users to specify which timeframes the indicator should be visible on. This feature helps traders focus on the most relevant timeframes for their trading strategies. Additionally, users can set the number of recent candles to display, providing a clear view of the most recent market trends.
5. Color Definitions
The indicator defines specific colors for bearish and bullish candles. Bearish candles are colored red, while bullish candles are green. These color definitions are applied based on the selected color scheme and the calculated trend, providing a quick visual reference for market conditions.
6. Time Constants
To manage different timeframes effectively, the script uses constants that represent various time intervals in milliseconds, such as minutes, hours, and days. These constants are used to convert timeframes into a format that the script can work with to determine the appropriate step size for calculations.
7. Step Size Determination
The script includes a function that determines the step size based on the selected timeframe. This function ensures that the indicator adapts to different timeframes, maintaining its accuracy and relevance across various trading periods. The step size is calculated based on time intervals, and appropriate labels (like "60", "240", "1D") are assigned.
- For timeframes less than or equal to 1 minute, the step size is set to "60".
- For timeframes less than or equal to 5 minutes, the step size is set to "240".
- For timeframes less than or equal to 1 hour, the step size is set to "1D" (daily).
- For timeframes less than or equal to 4 hours, the step size is set to "3D" (three days).
- For timeframes less than or equal to 12 hours, the step size is set to "7D" (weekly).
- For timeframes less than or equal to 1 day, the step size is set to "1M" (monthly).
- For timeframes less than or equal to 1 week, the step size is set to "3M" (three months).
- For all other timeframes, the step size is set to "12M" (yearly).
8. Trend Calculation
The core of the indicator is its ability to calculate market trends. Here's a detailed breakdown of how the `calculateTrend` function works:
- Initialization: Variables for the middle price and scale, and summations of high/low prices and ranges, are initialized.
- Summation Loop: A loop runs over the smoothing length to calculate the sum of high and low prices and their range.
- Middle and Scale Calculation: The middle price is determined as the average of high/low sums, and the scale is calculated as a fraction of the average range.
- Normalization: The high, low, and close prices are normalized based on the middle price and scale.
- HT Calculation: The normalized prices are smoothed using a simple moving average (SMA).
- Frequency and Exponential Calculations: The frequency and related constants (a, c1, c2, c3) are calculated for further smoothing.
- Smoothed Moving Average (SMA): A smoothed moving average is computed using the HT values and exponential constants.
- WT1 and WT2 Calculation: The final smoothed values (WT1) and their average (WT2) are derived.
9. Color Application Based on Trend
Once the trend is calculated, the script applies the appropriate color to the candles based on the selected color scheme. This function ensures that the visual representation of the trend is consistent with the user’s preferences.
10. Label Plotting for Timeframes
If the option to display timeframe labels is enabled, the script plots labels on the chart to indicate the current timeframe. This feature helps users quickly identify which timeframe they are analyzing.
11. Shape Plotting Based on Trend and Color Scheme
The indicator plots shapes (squares) on the chart based on the calculated trend and selected color scheme. These shapes provide an additional visual cue for market conditions, enhancing the overall clarity of the indicator.
12. Neutral Candle Color Option
The script includes an option to set the color of neutral candles when market conditions are neither strongly bullish nor bearish. This option helps traders better visualize periods of market indecision.
Summary
The "Regime Filter II " is a powerful and customizable tool for traders, offering clear visual cues for market trends and adaptability to various timeframes. By smoothing price data and applying intuitive color schemes, it helps traders make more informed decisions. With features like adjustable smoothing lengths, multiple color schemes, and optional neutral candle displays, this indicator enhances market analysis and trading strategy development. By following this comprehensive guide, traders can effectively utilize the "Regime Filter II " indicator to enhance their market analysis and make more informed trading decisions.
Best regards
Death Cross and Golden Cross HighlighterOverview
The script is designed to visually indicate the occurrence of Death Cross and Golden Cross events on a TradingView chart. It achieves this by calculating two moving averages (short-term and long-term) and plotting them on the chart. It then detects when these moving averages cross and highlights these points with labels and background colors.
Inputs
The script begins by defining input parameters:
- Short Moving Average Length: This is set to 50 by default, representing the short-term moving average period.
- Long Moving Average Length: This is set to 200 by default, representing the long-term moving average period.
These inputs allow users to customize the lengths of the moving averages according to their trading strategy.
Moving Averages Calculation
The script calculates two simple moving averages (SMAs) based on the closing prices:
- Short Moving Average (shortMA): Calculated over the short-term period specified by the user.
- Long Moving Average (longMA): Calculated over the long-term period specified by the user.
Plotting the Moving Averages
The moving averages are then plotted on the chart:
- The short-term moving average is plotted in blue.
- The long-term moving average is plotted in red.
These lines help users visually track the trends and potential crossover points.
Identifying Crossovers
The script identifies two key events:
- Golden Cross: Occurs when the short-term moving average crosses above the long-term moving average. This is typically considered a bullish signal, indicating a potential upward trend.
- Death Cross: Occurs when the short-term moving average crosses below the long-term moving average. This is typically considered a bearish signal, indicating a potential downward trend.
Highlighting Crossovers
To make the crossover events more noticeable, the script adds visual cues:
- Golden Cross: When a Golden Cross is detected, a green label with an upward arrow is plotted below the bar where the crossover occurs.
- Death Cross: When a Death Cross is detected, a red label with a downward arrow is plotted above the bar where the crossover occurs.
Background Coloring
Additionally, the script highlights the background of the chart:
- When a Golden Cross occurs, the background color is changed to a translucent green.
- When a Death Cross occurs, the background color is changed to a translucent red.
These background colors help emphasize the crossover events, making them easier to spot.
Usage
To use this script, a user would:
1. Copy the script and paste it into the Pine Script editor on TradingView.
2. Save the script and apply it to their chart.
By doing so, the user will see the moving averages plotted, and any Golden Cross or Death Cross events will be highlighted with labels and background colors. This visual aid helps traders quickly identify significant crossover events, which can inform their trading decisions.
Market Cap / Revenue RatioA variation of the P/S ratio, this script takes the future estimated revenue of the current stock versus it's Market Cap. It then compares the aforementioned Market Cap:Revenue ratio against a market bellwether's corresponding ratio (MSFT by default) to determine the following:
- Light green when the ratio is extremely low (Stock is very undervalued)
- Green when the ratio is low (Stock's multiple is lower by 20-50%)
- Blue when the ratio is close to the benchmark (Stock is fairly valued to benchmark multiple)
- Red when the ratio is high (Stock's mulitple is higher by 50% or more)
- Dark red when the ratio is extremely high (Stock is very overvalued)
CONFIGURABLE
- Full Table: Show the entire calculation table
- Minimalist: Go minimal and show only the ratio and color code
- Show Benchmark Multiple: Show the multiple ratio calculated between the current stock and the benchmark stock (MSFT by default)
NOTES
- When calculating the Market Cap, TradingView sometimes under-reports the number of shares and thus skews the Market Cap too low. This seems to happen for stocks with multiple share classes like GOOGL so be mindful that the data can be wrong for these kinds of stocks. You can check on this by going into the Indicator's Settings and select Show Full Table which will show the number of shares outstanding reported by TradingView.
- For certain stocks such as foreign ADRs, there won't be a future revenue estimate so the script will automatically use the Total Revenue for the most recent Quarter in these cases
Dynamic Gann Levels [XrayTrades]This indicator dynamically captures the highest and lowest points visible on the chart and calculates Gann Support and Resistance Levels. The inputs are detailed below.
Why create this indicator?
There is no other indicator with the same functionality on TradingView.
These calculations are time-consuming; the speed at which this indicator calculates any number of rotations and degrees and visually displays them on the chart is invaluable to me, and hopefully others who use/perform these calculations.
Works on any time frame:
Year, month, week, day, etc. Smaller timeframes (intraday) for higher prices may require adjusting the y-axis of the chart after the calculation of levels due to the nature of squaring numbers.
Inputs:
Resistance: Up (from pivot low) - This toggles on/off levels calculated from the lowest point visible on the chart’s current view.
Support: Down (from pivot high) - This toggles on/off levels calculated from the highest point visible on the chart’s current view.
360 - Toggles on/off the levels of full rotations (360 degrees) from price
180 - Toggles on/off the levels of half rotations (180 degrees) from price
90 - Toggles on/off the levels of quarter rotations (90 degrees) from price
45 - Toggles on/off the levels of eighth rotations (45 degrees) from price
Full Rotations Visible - The number of rotations to be displayed on the chart
How to use this indicator:
Adjust chart window to change the highs and lows.
Select the degrees, direction, and number of rotations in the indicator settings.
The colored values beside the indicator represent the values (high and low) used in generating the Gann levels. Should the cursor be on the chart, ensure it is to the right of the high and low pivots, as this is dynamic in TradingView depending upon cursor location. Note: This is only for the user to know which value(s) are used; cursor position does not impact actual calculations and levels displayed.
The levels will be drawn to the right of the most recent price, labeled with the degrees and direction as well as the price value at the level.
About the calculations:
These calculations are derived from the Natural Square Calculator of Gann Theory, also known as the Square of Nines.
Details:
Take the square root of the selected value (lowest and or highest point).
Add (for up or subtract for down) 0.25 for every 45 degrees of rotation to the desired calculation.
Square this. Round to two decimal places.
Ex: Low of 100. Calculate Gann resistance level for 360 degrees. (√(100)+2)² = 144.
Ex: High of 100. Calculate Gann support level for 180 degrees. (√(100)-1)² = 81.
Pivot Point Calculator [JP&Dia]English User Guide
Script Name: Pivot Point Calculator
What Does This Script Do? This script calculates classic and Camarilla pivot points used in financial markets. Pivot points are used to identify key support and resistance levels, and this script helps traders better understand market movements.
How to Use It?
Add the script to your charts on TradingView.
Enter your desired time frame in the “Enter Time Frame” field (e.g., M, W, D).
Choose either or both “Classic Pivot” and “Camarilla Pivot” options to display them.
The script will automatically calculate the pivot points and display them on the chart.
Why Is This Script Unique? This script combines both classic and Camarilla pivot calculations, allowing users to easily utilize both pivot styles through a single script.
How Can People Benefit? Traders can use this script to identify potential buy-sell points and market trends. They can also conduct their market analyses more efficiently and effectively.
Script Adı: Pivot Noktası Hesaplayıcı
Script Ne İşe Yarar? Bu script, finansal piyasalarda kullanılan klasik ve Camarilla pivot noktalarını hesaplar. Pivot noktaları, önemli destek ve direnç seviyelerini belirlemek için kullanılır ve bu script, yatırımcıların piyasa hareketlerini daha iyi anlamalarına yardımcı olur.
Nasıl Kullanılır?
Scripti TradingView’deki grafiklerinize ekleyin.
“Zaman Dilimi Girin” alanına istediğiniz zaman dilimini girin (Örneğin: M, W, D).
“Classic Pivot” ve “Camarilla Pivot” seçeneklerinden birini veya her ikisini de seçerek gösterilmesini sağlayabilirsiniz.
Script otomatik olarak pivot noktalarını hesaplayacak ve grafik üzerinde gösterecektir.
Neden Özgü Bir Script? Bu script, hem klasik hem de Camarilla pivot hesaplamalarını birleştirir ve kullanıcıların her iki pivot stilini de tek bir script üzerinden kolayca kullanmalarını sağlar.
İnsanlar Nasıl Faydalanabilir? Yatırımcılar, bu scripti kullanarak potansiyel alım-satım noktalarını ve piyasa trendlerini belirleyebilirler. Ayrıca, piyasa analizlerini daha verimli ve etkili bir şekilde yapabilirler.
Red Candles with Green Precedent
**Title**: Red Candles with Green Precedent Indicator
**Description**:
This TradingView indicator is designed to help traders identify potential reversal or continuation patterns based on the appearance of consecutive red candles following a green candle. The script marks a region starting from a green candle that precedes at least four consecutive red candles, extending a box forward for a predefined number of bars to analyze the continuation of the trend.
**Key Features**:
- **Consecutive Red Candles Detection**: The indicator counts consecutive red candles that close lower than they open.
- **Initial Green Candle Identification**: Identifies the last green candle before a series of red candles begins. This green candle must close higher than it opens.
- **Visual Box Extension**: Creates a visual box from the open to the high of the green candle and extends it forward to highlight the period of interest.
- **Dynamic Box Termination**: Optionally terminates the box early if a significant green candle appears within the extension period, suggesting a potential reversal.
**Usage**:
1. **Setup**: Apply the indicator to any chart in TradingView. Adjust the number of consecutive red candles to track based on your trading strategy.
2. **Interpretation**: A visual green box will appear when the criteria are met. This box helps focus on the price action following a potentially significant green candle. Traders should watch for price actions within and around the box to make informed decisions.
3. **Alerts**: Consider setting alerts for when a new box is created or when a significant green candle forms that might terminate the box early, indicating potential market movements.
**Suitable for**: This indicator is suitable for traders looking for visual cues about potential bearish exhaustion or the setup for a bullish reversal, particularly in volatile markets.
---
Feel free to customize the description and features according to any additional details or personal insights you might want to include based on your trading experience or the specific behaviors of the markets you track.
**Disclaimer**:
This script is provided as a tool for trading analysis and is not intended to be used as the sole basis for any trading decisions. While this indicator aims to identify potential trading opportunities, its effectiveness can depend on market conditions and individual trading strategies. Users should conduct their own research and consult with professional advisors before making any investment decisions. The creator of this script assumes no responsibility for any potential financial losses incurred from using this indicator. Trading in financial markets involves risk, and it is possible to lose more than your initial investment.
---
Fair Value Gaps
Introducing the Fair Value Gaps (FVG) Indicator by OmegaTools, a distinctive and analytical tool designed for TradingView. This script meticulously identifies and visualizes fair value gaps within the market, offering traders a nuanced understanding of potential price movement areas that are not immediately apparent through traditional analysis.
Concept and Methodology:
Fair Value Gaps are identified as areas on a chart where the price has skipped over, leaving a 'gap' that has not been filled. These gaps often occur due to sudden market movements triggered by news events, changes in market sentiment, or large orders that move the price significantly. The FVG Indicator detects these gaps by analyzing price action and identifying discrepancies between high and low prices over a specified period. This approach is rooted in the belief that markets tend to return to these unfilled spaces, providing potential opportunities for traders.
How It Works:
The indicator scans the chart for gaps between the high of one session and the low of the next (or vice versa), marking these gaps visually for easy identification.
Users can customize the lookback period to adjust the sensitivity of the indicator to recent versus historical data.
The FVG Indicator employs color-coding to distinguish between bullish and bearish gaps, allowing traders to quickly gauge market sentiment around these gaps.
Using the FVG Indicator:
Apply the indicator to any chart on TradingView and adjust the input settings, including the extension of FVGs and aesthetic preferences like color, to suit your analysis style.
Use the visual cues provided by the FVG Indicator to identify potential areas where the market may move to fill the gaps.
Combine the insights from the FVG Indicator with other technical analysis tools or fundamental analysis to validate potential trading opportunities.
Originality and Usefulness:
The FVG Indicator stands out due to its focused approach to identifying and visualizing fair value gaps, a concept that is often overlooked in conventional market analysis. By providing a clear visual representation of these gaps, the indicator adds depth to market analysis, aiding in the identification of potential price reversal zones or continuation signals.
Disclaimer and Responsible Use:
The financial markets are complex and unpredictable. The FVG Indicator is designed to offer analytical insights and should be used as part of a comprehensive trading strategy. It does not guarantee profits or predict market movements with absolute certainty. Traders are encouraged to use this tool judiciously, alongside proper risk management practices. Remember, past performance does not guarantee future results, and trading involves risks, including the potential loss of investment.
