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브레드쓰 인디케이터

Market Health Indicator# Market Health Indicator - Documentation ## Overview The Market Health Indicator is a Pine Script technical analysis tool designed for TradingView that evaluates overall market conditions by analyzing the relationship between price and three Exponential Moving Averages (EMAs), as well as the relationships between the EMAs themselves. The indicator provides a quantitative score and actionable investment recommendations. --- ## Purpose This indicator helps traders and investors: - Assess the overall health and trend strength of a market or security - Make informed decisions about position sizing - Identify bullish, bearish, or neutral market conditions - Determine when to increase, reduce, or exit positions --- ## Scoring Methodology ### Scoring System The indicator evaluates **6 conditions**, each contributing either **+1** or **-1** to the total score: #### Price vs EMA Conditions (3 conditions) 1. **Price vs EMA 21** - Price > EMA 21 → +1 - Price < EMA 21 → -1 2. **Price vs EMA 50** - Price > EMA 50 → +1 - Price < EMA 50 → -1 3. **Price vs EMA 100** - Price > EMA 100 → +1 - Price < EMA 100 → -1 #### EMA Relationship Conditions (3 conditions) 4. **EMA 21 vs EMA 100** - EMA 21 > EMA 100 → +1 - EMA 21 < EMA 100 → -1 5. **EMA 21 vs EMA 50** - EMA 21 > EMA 50 → +1 - EMA 21 < EMA 50 → -1 6. **EMA 50 vs EMA 100** - EMA 50 > EMA 100 → +1 - EMA 50 < EMA 100 → -1 ### Total Score Range - **Minimum Score**: -6 (all conditions bearish) - **Maximum Score**: +6 (all conditions bullish) --- ## Market Health Status Based on the total score, the indicator assigns one of five market health statuses: | Score Range | Status | Interpretation | |-------------|--------|----------------| | 4 to 6 | **Strong Bullish** | All or most conditions favor upward momentum | | 2 to 3 | **Bullish** | Majority of conditions are positive | | -1 to 1 | **Neutral** | Mixed signals, no clear directional bias | | -3 to -2 | **Bearish** | Majority of conditions are negative | | -6 to -4 | **Strong Bearish** | All or most conditions favor downward momentum | --- ## Investment Level Recommendations The indicator provides position sizing recommendations based on the score: | Score Range | Investment Level | Action | |-------------|-----------------|--------| | 4 to 6 | **100% Invested** | Maximum exposure - strong bullish conditions | | 2 to 3 | **75% Invested** | High exposure - moderately bullish conditions | | 0 to 1 | **50% Invested** | Moderate exposure - neutral to slightly positive conditions | | Below 0 | **Exit Weak Stocks** | Reduce exposure - bearish conditions, exit underperforming positions | --- ## Installation & Setup ### Installation Steps 1. Open TradingView and navigate to any chart 2. Click on **Pine Editor** at the bottom of the screen 3. Copy the entire Pine Script code 4. Paste it into the Pine Editor 5. Click **"Add to Chart"** ### Configuration Options The indicator includes two customizable settings accessible via the settings gear icon: #### 1. Table Position Choose where the indicator table appears on your chart: - **Top**: top_left, top_center, top_right - **Middle**: middle_left, middle_center, middle_right - **Bottom**: bottom_left, bottom_center, bottom_right **Default**: top_right #### 2. Table Size Adjust the text size of the indicator table: - **tiny**: Smallest text size - **small**: Small text size - **normal**: Standard text size (default) - **large**: Large text size - **huge**: Largest text size **Default**: normal --- ## Understanding the Display ### Table Components The indicator displays a table with the following rows: 1. **Header Row (Colored)** - Left cell: Market Health status - Right cell: Current score out of 6 - Color indicates market condition (green = bullish, yellow = neutral, red = bearish) 2. **Investment Level Row (Blue)** - Shows recommended position sizing based on current score - Helps with portfolio management decisions 3. **Column Headers (Gray)** - "Condition" - describes each evaluation criteria - "Score" - shows the +1 or -1 value 4. **Condition Rows (6 rows)** - Each row shows one of the 6 scoring conditions - Left column: condition description - Right column: score value (+1 in green or -1 in red) --- ## Interpretation Guidelines ### Strong Bullish (Score 4-6) **Characteristics:** - Price trading above all major EMAs - EMAs aligned in bullish order (21 > 50 > 100) - Strong upward momentum **Action:** - Maintain full exposure (100% invested) - Consider adding to winning positions - Look for pullbacks as buying opportunities ### Bullish (Score 2-3) **Characteristics:** - Price above most EMAs - Generally positive EMA alignment - Moderate upward trend **Action:** - Maintain high exposure (75% invested) - Hold existing positions - Be selective with new entries ### Neutral (Score -1 to 1) **Characteristics:** - Mixed signals from price and EMAs - No clear trend direction - Market indecision **Action:** - Reduce exposure to 50% - Wait for clearer signals - Focus on risk management - Consider range-bound strategies ### Bearish (Score -2 to -3) **Characteristics:** - Price below most EMAs - Generally negative EMA alignment - Moderate downward trend **Action:** - Exit weak positions - Reduce overall exposure - Raise cash levels - Protect capital ### Strong Bearish (Score -4 to -6) **Characteristics:** - Price trading below all major EMAs - EMAs aligned in bearish order (21 < 50 < 100) - Strong downward momentum **Action:** - Exit weak stocks immediately - Minimal to no long exposure - Preserve capital - Wait for market conditions to improve --- ## Best Practices ### Usage Tips 1. **Timeframe Selection** - Works on all timeframes - Higher timeframes (daily, weekly) provide more reliable signals - Lower timeframes (intraday) may generate more frequent signals but with higher noise 2. **Combine with Other Analysis** - Use as a component of a comprehensive trading strategy - Complement with support/resistance levels - Consider volume and other momentum indicators - Factor in fundamental analysis for longer-term positions 3. **Position Sizing** - Treat investment level recommendations as guidelines, not rigid rules - Adjust based on your risk tolerance and account size - Consider your overall portfolio allocation 4. **Risk Management** - Always use stop losses regardless of indicator reading - Don't ignore risk management during "Strong Bullish" periods - The indicator shows trend, not specific entry/exit points ### Limitations - **Lagging Nature**: EMAs are lagging indicators, so signals may come after trend changes have begun - **Whipsaw Risk**: In choppy, sideways markets, the indicator may generate mixed signals - **Not a Standalone System**: Should be used as part of a broader trading strategy - **No Predictive Power**: Shows current conditions, not future direction - **Market Context**: May need adjustment during extreme market conditions or unusual volatility --- ## Technical Details ### EMA Calculations The indicator uses three standard Exponential Moving Averages: - **EMA 21**: Short-term trend (approximately 1 month of trading days) - **EMA 50**: Medium-term trend (approximately 2.5 months) - **EMA 100**: Long-term trend (approximately 5 months) EMAs give more weight to recent prices compared to Simple Moving Averages (SMAs), making them more responsive to price changes. ### Update Frequency - The indicator recalculates on every bar close - Real-time updates during the current bar formation - Table displays the most recent completed bar data ### Performance - Lightweight indicator with minimal computational overhead - Suitable for use with multiple charts simultaneously - No historical data storage required beyond standard EMA calculations --- ## Frequently Asked Questions **Q: Can I change the EMA periods (21, 50, 100)?** A: The current version uses fixed EMA periods. Modifying these would require editing the Pine Script code directly. **Q: Does this indicator work on all assets?** A: Yes, it works on stocks, forex, cryptocurrencies, commodities, and indices - any asset with price data. **Q: Can I use this for day trading?** A: Yes, but it's designed for swing trading and position trading. For day trading, consider using lower timeframes and being aware of increased signal noise. **Q: What if the score keeps changing?** A: Frequent score changes indicate a choppy or transitional market. Consider waiting for a more stable reading before taking action. **Q: Should I exit ALL positions when score is negative?** A: The recommendation is to "Exit Weak Stocks" - focus on underperforming positions. Strong stocks may still be held with appropriate stop losses. **Q: Can I get alerts based on score changes?** A: The current version doesn't include alerts, but this functionality could be added with Pine Script modifications. --- ## Version History **Version 1.0** - Initial release - 6-condition scoring system - Investment level recommendations - Customizable table position and size - Overlay on main chart --- ## Support & Feedback For questions, suggestions, or issues with the indicator: - Review this documentation thoroughly - Test the indicator on historical data before live trading - Adjust settings to match your chart layout preferences - Always paper trade new strategies before risking real capital --- ## Disclaimer This indicator is provided for educational and informational purposes only. It does not constitute financial advice, investment advice, trading advice, or any other type of advice. Trading and investing involve substantial risk of loss. Past performance is not indicative of future results. Always do your own research and consult with a qualified financial advisor before making investment decisions.
Pine Script® 인디케이터
AzeezF의
PDH & PDL - Previous Day LevelsPDH & PDL – Previous Day High and Low This indicator automatically plots the Previous Day High (PDH) and Previous Day Low (PDL) on intraday charts. These key levels are widely used by traders as important support and resistance zones, helping to identify potential areas for price reactions, breakouts, or liquidity grabs. Features Automatically detects the previous trading day’s high and low Draws clear horizontal levels across the current session Labels the levels as PDH and PDL Updates in real time at the start of each new trading day Designed for intraday timeframes How to Use Use PDH as a potential resistance level Use PDL as a potential support level Watch for breakouts, rejections, or retests around these levels Combine with price action, volume, or session-based strategies Best For Day trading Scalping Forex, indices, crypto, and futures Traders who use market structure and key levels This indicator keeps your chart clean while highlighting two of the most important reference levels from the previous trading day.
Pine Script® 인디케이터
diegovaldes2011의
Gold And Silver Macro Dashboard A weekly, macro-focused dashboard for precious metals that tracks gold’s trend plus three key relative-strength ratios: Gold/DXY, Gold/SPY, and Silver/Gold. Uses a 30-week SMA regime filter to label each series as Bull / Neutral / Bear and provides a quick “full picture” read. What this indicator does This dashboard helps you read the big picture for precious metals using a simple regime framework (weekly + 30-week SMA). It combines four signals into one view: Gold (XAUUSD) — establishes the core precious-metals trend Gold / DXY — shows whether gold is outperforming the U.S. dollar Gold / SPY — shows whether gold is outperforming U.S. equities (risk assets) Silver / Gold — shows whether risk appetite is returning inside metals (silver leadership) How it works (simple rules) Each item is classified using the same weekly regime logic: Bull: price/ratio is above a rising 30-week SMA Bear: price/ratio is below a falling 30-week SMA Neutral: everything else (transition/range) How to use it (30-second weekly scan) Start with Gold: if Gold is Bull, metals have a tailwind. Confirm with Gold/DXY: Bull means gold is beating fiat. Confirm with Gold/SPY: Bull means gold is beating risk assets. Use Silver/Gold to size aggressiveness: Bull implies reflation/confidence and often stronger silver participation. Best timeframe Designed for Weekly charts. The script can force weekly calculations, so it remains consistent even if you view other timeframes. Customization Change tickers if your preferred feed differs (OANDA spot vs futures vs ETFs). Toggle the plotted lines on/off and keep only the dashboard table if you want a cleaner screen. Important note This is a macro regime tool for orientation and context. It is not meant to time entries/exits on lower timeframes. Default symbols are: Gold: OANDA:XAUUSD Silver: OANDA:XAGUSD Dollar Index: TVC:DXY SPY: AMEX:SPY Core Rule: Gold tells you WHEN metals matter. Ratios tell you WHY and HOW aggressive to be. Bull across all four = strongest PM regime. Mixed readings = transition. Gold Bull + Silver/Gold Bear = defensive gold-led phase.
Pine Script® 인디케이터
tradingqueen18의
VWAP --S/W/M/Q/Y-- (mk)VWAP — S / W / M / Q / Y (mk) This indicator plots multi-timeframe anchored VWAPs on a single chart, allowing you to view Session, Weekly, Monthly, Quarterly, and Yearly VWAPs simultaneously, each with optional standard-deviation bands. It is designed for traders who use VWAP as a fair value reference across multiple market horizons and want higher-timeframe context without switching charts. 🔹 What it shows Session VWAP (daily reset) Weekly VWAP Monthly VWAP Quarterly VWAP Yearly VWAP Each VWAP can be enabled or disabled individually. 🔹 VWAP Bands For every VWAP, the indicator can optionally plot: ±1 standard deviation ±2 standard deviations ±3 standard deviations These bands help identify: Overextended price moves Mean-reversion zones Higher-timeframe support and resistance 🔹 Key Features True anchored VWAP using volume-weighted calculations Automatic resets based on timeframe changes Clean, color-coded levels for each timeframe Independent visibility controls for each VWAP and its bands Works on any market and timeframe with volume data 🔹 How to use it Use higher-timeframe VWAPs (Monthly / Quarterly / Yearly) as major bias and balance levels Use Session and Weekly VWAPs for intraday execution and mean-reversion setups Combine VWAP confluence across timeframes for high-probability zones Watch price behavior around ±1 / ±2 / ±3 bands for acceptance or rejection
Pine Script® 인디케이터
eliteeways의
MTF Confluence Reporter - Trend & Momentum AlignmentThis indicator is a multi-timeframe confluence dashboard designed to answer one question clearly: “Across my key timeframes, is the market leaning Bullish, Bearish, or Mixed—and how strong is that lean?” It combines two separate “votes” per timeframe: 4MA Direction (trend alignment / slope bias) StochRSI State (momentum bias) Those votes are then blended into a single Confluence result, shown as a clean readout with a 0–100 Strength score, plus hysteresis to reduce flicker near the decision boundary. What you see in the table 1) 4MA This is the trend component. It summarizes whether the selected timeframes are generally Bull or Bear based on the moving-average direction logic (your 4MA engine). 2) Stoch This is the momentum component. It summarizes whether StochRSI across the selected timeframes is leaning Bull or Bear. 3) Qualified (YES/NO) A safety gate. “Qualified = YES” means the internal conditions required for a valid confluence read are met (i.e., enough alignment/consistency to treat the output as actionable). If it’s NO, treat the market as mixed / transitional and tighten risk. 4) Strength (0–100) Your blended score (trend + momentum). Higher = stronger agreement across timeframes. A simple way to interpret it: 80–100: Strong alignment (clean regime) 60–79: Moderate alignment (tradable, but expect chop) 50–59: Weak / transitioning (be cautious) < 50: Bearish side of the regime logic (or mixed turning down) 5) Strength Bar A visual “battery meter” for the Strength score. This is meant to be read at a glance during fast decision-making. 6) Confluence (BULL/BEAR) The actual regime output. This is the “final answer” based on the Strength score and hysteresis rules. 7) Hysteresis (Enter / Exit thresholds) This is the anti-flicker system. Example shown on the chart: Enter > 60 Exit < 50 Meaning: The script only “flips ON” a Bull regime when strength becomes convincingly Bullish (above 60). It won’t “flip OFF” until strength meaningfully weakens (below 50). This reduces rapid flipping during 50/50 conditions. How to use it (practical workflow) Step 1 — Use Confluence as your “market mode” BULL: Favor longs, trend-following entries, buying pullbacks. BEAR: Favor defense, shorts/hedges (if you trade them), or wait for reset. Qualified = NO: Reduce size, tighten stops, or wait—conditions are not clean. Step 2 — Use Strength to time aggressiveness Strength rising: Momentum is joining trend → entries tend to have better follow-through. Strength falling: Alignment is fading → take profit quicker or tighten risk. Step 3 — Use hysteresis as your “noise filter” If you’re a swing trader, hysteresis is your friend: Don’t overreact to a single bar change. Let the regime confirm and stay confirmed. Best use-cases Swing trading / position bias (daily/weekly context) Hedge decisions (when alignment flips and stays flipped) Filtering entries from other tools (only take signals that match the regime) Settings notes: This script is designed to be flexible: You can choose which timeframes matter most to you (commonly 1H / 4H / 1D / 1W / 1M). If your version includes weighting, you can tune weights to match your trading style (short-term vs swing). Thresholds (Enter/Exit) can be tightened for faster flips or widened for smoother regimes. Important notes / disclaimer (TradingView-safe) This tool is an informational confluence dashboard, not financial advice. No indicator can predict the future. Always confirm with market structure, risk management, and your own plan. Past behavior on a chart does not guarantee future results. How I Use This Indicator (Example Workflow) I use this tool primarily as a market-bias and risk-filter, not as a standalone entry signal. Establish the regime first I start by checking the Confluence row: BULL: I focus on long-side ideas and bullish continuation setups. BEAR: I become defensive, avoid counter-trend trades, or look for short/hedge opportunities where applicable. Qualified = NO: I treat the market as transitional and reduce risk. Use Strength to adjust aggressiveness When Strength is elevated and rising, I am more comfortable holding positions and allowing trades more room to develop. When Strength is declining, I tighten stops, reduce position size, or manage trades more actively. Let hysteresis do the work I do not react to every minor fluctuation near the midpoint. The built-in hysteresis thresholds help me stay aligned with the prevailing regime instead of over-trading during indecision. Entries come from other tools Actual entries are taken using price structure, support/resistance, or other indicators. This dashboard simply tells me whether the broader environment supports that idea or not. In short, I treat this indicator as a context and confirmation layer—it helps answer when to be aggressive, cautious, or patient.
Pine Script® 인디케이터
Dinjin의
EMA 9/24/50/100/200 with Labels on chart lines This Pine Script® v6 indicator plots five distinct Exponential Moving Averages (EMAs) onto a single trading chart to help identify trend direction and momentum. By calculating the 9, 24, 50, 100, and 200-period averages, the script allows you to visualize short-term price action alongside long-term support and resistance levels. It uses a color-coded hierarchy and varying line thicknesses to make the different timeframes easy to distinguish at a glance. with labels on the lines
Pine Script® 인디케이터
magnergycal의
Session Dominance Profile [Pointalgo]Session Dominance Profile is a visual volume-distribution tool that shows which global trading session (Asia, London, or New York) dominates price activity across different price levels within a defined historical range. The indicator builds a horizontal volume profile using candle close prices and volume, then classifies each price level by the session that contributed the highest volume. How It Works : The script analyzes a configurable lookback period Price range is divided into multiple horizontal bins Volume is accumulated per price level Each bin is split into three session buckets: Asia Session (Yellow) London Session (Blue) New York Session (Red) The session with the highest volume at that price level determines the color This results in a Session-based Dominance Profile, helping traders visually identify: Where major sessions were most active Session-specific acceptance or rejection zones Potential intraday and swing reaction areas Practical Use Cases : Identify price levels dominated by a specific session Understand session rotation and participation Combine with: Market structure Support & resistance VWAP or moving averages Useful for intraday, scalping, and swing trading Inputs Explained: Lookback – Number of historical bars used to build the profile Resolution – Number of price bins (higher = more detail) Fixed Width (Bars) – Maximum horizontal width of the profile Offset (Bars) – Distance of the profile from the current bar Profile Direction – Left-to-Right or Right-to-Left rendering Session Time Reference: All sessions are calculated using UTC time. Important Notes: This indicator is visual and analytical only It does not generate buy or sell signals No repainting: the profile is calculated on the last bar only Designed for educational and research purposes Disclaimer: This script does not provide financial advice. Trading involves risk, and past volume behavior does not guarantee future results. Always confirm signals using additional analysis and proper risk management.
Pine Script® 인디케이터
pointalgo의
Anchored OBV + A/DAnchored OBV + A/D is a single-pane indicator that allows On-Balance Volume (OBV) and Accumulation/Distribution (A/D) to be plotted together using a period-anchored approach. OBV and A/D are cumulative by nature, which makes their full-history absolute values arbitrary and often incomparable when plotted side-by-side . This script addresses that limitation by anchoring each indicator to a user-defined period (daily, weekly, monthly, etc.) and plotting their relative change from that baseline rather than their raw values. The result is a comparison that preserves each indicator’s internal structure (trends, inflections, and divergences) while minimizing scale conflicts. How it Works At the start of each selected anchor period, the script records the current OBV and A/D values as baselines. All subsequent values are plotted as changes relative to those baselines: - Percent mode measures the % change from the baseline. - Delta mode measures the absolute change from the baseline. Optional anchor markers and a zero line make it easy to see when resets occur and how each indicator behaves relative to the period’s starting point. Advantages vs using OBV and A/D separately - Direct visual comparison: Both indicators are on the same anchored scale, making relative movement immediately readable. - Preserved analytical structure: Trends, inflections, and divergences remain intact; time-based shape is not distorted. - Cleaner workflow: One indicator, one pane, and less chart clutter. Interpretation - Values above zero indicate net accumulation or positive volume pressure since the anchor. - Values below zero indicate net distribution or negative volume pressure since the anchor. - Trend confirmation: Rising price accompanied by rising anchored OBV and A/D suggests healthy participation. - Price Divergence: Price making new highs or lows while one or both indicators fail to confirm can indicate weakening participation or a potential change in behavior. - OBV vs A/D Interaction: When both move together, volume and close-location effects broadly agree. When they diverge, it highlights differences between net up/down volume (OBV) and intrabar accumulation/distribution (A/D). Warnings! - Percent mode can become visually unstable when baseline OBV or A/D values are near zero due to division effects inherent in percent-change calculations. - It is not recommended to interpret structure across periods as each period is relative to a different baseline. Structure is not preserved across periods - only within each individual period. Credits This script is inspired by Multi-Ticker Anchored Candles (MTAC) by @SamRecio . MTAC's anchored-baseline concept and open-source nature provided an important conceptual foundation for adapting the same idea to OBV and A/D. Many thanks to @SamRecio for publishing his work openly.
Pine Script® 인디케이터
Zeallot의
Kinetic Flow [PyraTime]📊 INDICATOR OVERVIEW Kinetic Flow is a professional-grade momentum and trend-detection engine designed for traders who prioritize precision and clarity. By synthesizing Kinetic Flow Analysis with Fractal Efficiency Filtering, the V8 Flow edition provides a sophisticated, data-driven visualization of market regimes while systematically neutralizing noise through its proprietary "Chop Shield." 🎯 CORE TECHNOLOGIES 🔹 Kinetic Flow Engine Adaptive Equilibrium: A state-managed basis line that calculates the path of least resistance. Volatility-Scaled Ribbons: ATR-dynamic channels that expand and contract based on market energy. Iron-Clad Stability: Logic-locked to closed-bar calculations to eliminate intrabar flickering and "ghost" signals. 🔹 Chop Shield (Fractal Efficiency) Market Fragmentation Detection: Mathematically identifies when price action lacks directional efficiency. Regime Filtering: Automatically shifts the indicator into a "Neutral" state during low-efficiency phases to prevent whipsaws. Fibonacci Thresholding: Defaulted to 61.8% for optimal balance between speed and reliability. 🔹 Professional Signal System Transition Labels: High-contrast BUY and SELL markers at momentum pivot points. Overextension Logic: Strategic TP (Take-Profit) markers appear when the "Strain" on the kinetic ribbon reaches exhaustion levels. Visual Regime Mapping: Adaptive candle coloring provides an immediate heat-map of current market conditions (Bullish, Bearish, or Filtered). 🔹 PyraTime Dashboard (V8 HUD Standard) A specialized, monospace HUD positioned at the Bottom-Right for non-intrusive data monitoring: CONTEXT: Real-time regime status (BULLISH | BEARISH | FILTERED). EFFICIENCY: A percentage-based score of directional trend strength. VOL RATIO: Real-time volatility tracking via precision ATR. STATUS: Instant operational feedback (ACTIVE | FILTERED).
Pine Script® 인디케이터
PyraTime의
2
SMC Liquidity Grab ProSMC LIquidity GRab Pro is an high probability strategy for the Smart Money Concept (SMC). It looks for liquidity sweeps also known as stop hunts, where large financial institutions move the price beyond significant levels in order to trigger market orders and then reverse the price quickly. Features 1. Liquidity Sweeps : It follows the previous 4 hour high/low liquidity in order to pinpoint stop runs. 2. Liquidity grab confirmation: Trade setup where price momentarily breaks through the liquidity level but then ends up again inside the range suggests that there’s been a false breakout. 3.Structure-Based Risk Management: Stop losses are placed beyond the latest swing high/low pivot, instead of basing it on a pip value. - Live Performance Dashboard - Allows you to display real-time data such as net profit, win rate, and active trade on your chart. -Customizable Risk-to-Reward- Traders can set risk/reward ratio as per their requirement. Default value is 2.0 RR. Graph Timeframe: This strategy is used on 5-minute or 15-minute charts. Chart Timeframe: Apply the strategy to 5-minute or 15-minute charts. HTF Configuration: Set the higher timeframe above your execution chart e.g., 240 minutes for 4-hours. Fine-Tuning: Adjust the swing lookback parameter to adapt stop-loss placement according to market volatility.
Pine Script™ 전략
Ericem의
Free cash flow yield (Quarterly)Indicator: Free Cash Flow Yield (Quarterly) — Technical Description Purpose This indicator plots Free Cash Flow Yield (FCF Yield) using quarterly fundamentals and optionally adjusts it for dilution. It also computes trailing averages over multiple horizons (in quarters) to give a long-term valuation context. Data Sources All fundamentals are pulled from TradingView’s financial dataset using: request.financial(syminfo.tickerid, , "FQ", barmerge.gaps_on) Where: "FQ" = Quarterly frequency barmerge.gaps_on = keeps values as step-like series (updates only when new quarterly data is available) Financial fields used: FREE_CASH_FLOW (FCF) ENTERPRISE_VALUE (EV) TOTAL_SHARES_OUTSTANDING DILUTED_SHARES_OUTSTANDING Market cap is derived (not pulled directly in this version): marketCap = totalSharesOutstanding * close (Only used as a reference in the script; the yield itself is based on EV.) Core Calculation 1) FCF Yield (Net) The base yield is: FCF Yield ( % ) = FCF Enterprise Value × 100 FCF Yield(%)= Enterprise Value FCF ​ ×100 Implementation detail: If FCF is na or EV is na or EV == 0, the result is set to na to avoid division errors. Dilution Adjustment (Optional Series) 2) Dilution Ratio The script estimates dilution impact using: dilutionRatio = Total Shares Outstanding Diluted Shares Outstanding dilutionRatio= Diluted Shares Outstanding Total Shares Outstanding ​ Notes: If dilutedSharesOutstanding is missing or zero, the ratio becomes na. 3) Diluted FCF Yield If the ratio indicates dilution (<= 1), yield is scaled down: FCF Yield Diluted = FCF Yield × dilutionRatio FCF Yield Diluted=FCF Yield×dilutionRatio Else (ratio > 1 or na), the script defaults to the net yield: FCF Yield Diluted = FCF Yield FCF Yield Diluted=FCF Yield Practical interpretation: More dilution → lower ratio → lower diluted yield. If dilution fields are not reliable for a ticker, the script falls back to the base yield. Plotting Two series are shown: FCF Yield Net: plotted as columns (bars) FCF Yield Diluted: plotted as an area overlay This makes it easy to see: Step changes when new quarter data arrives Whether dilution meaningfully reduces the yield Labels (Per-bar) When fcfYieldDiluted > 0, the script prints the value as a percentage label at the yield level. Important technical point: Since fcfYieldDiluted is computed as a number like 8.5 for 8.5%, labels convert to percent format by dividing by 100 before formatting: str.tostring(fcfYieldDiluted / 100, format.percent) Rolling History & Averages 1) Rolling storage The script maintains a rolling array of the most recent 40 quarterly values: 40 quarters ≈ 10 years Each time a non-NA quarterly yield appears: It pushes it into the array If array length exceeds 40, it removes the oldest value 2) Trailing averages (quarter windows) Averages are computed over the most recent N quarters: 1Q (latest quarter value) 4Q ≈ 1 year 8Q ≈ 2 years 20Q ≈ 5 years 40Q ≈ 10 years If fewer than N values exist, that average is na. End-of-chart Summary Label On the last bar (barstate.islast), the script draws a summary label containing the trailing averages listed above. Placement logic The label is positioned slightly to the right of the current bar: Uses frequencyUnit (estimated number of chart bars per quarter) to offset the label into the future. frequencyUnit is computed as: frequencyUnit ≈ Seconds in 12 months Seconds per chart bar ÷ 4 frequencyUnit≈ Seconds per chart bar Seconds in 12 months ​ ÷4 This is only for visual spacing, not calculation correctness. Limitations / Notes The yield series is “step-like” and updates only when new quarterly fundamentals are available. For some tickers, TradingView fundamentals (especially diluted shares) can be missing or inconsistent; the script protects against this by returning na or falling back to the net yield. EV-based yield can differ from market-cap-based yield; EV includes debt and cash effects, so it’s closer to an “all-capital” valuation measure.
Pine Script® 인디케이터
mfeldyriza의
4H Session High/Low4H Asia Session Anchor Range Description: This indicator identifies and plots the price range of the specific 4-hour candle starting at 04:00 (local time). By utilizing Multi-Timeframe (MTF) logic, the high and low boundaries (wick-to-wick) remain fixed and accurate even when scaling down to lower timeframes like the 1-minute or 5-minute charts. The levels extend horizontally to the right, providing clear institutional support and resistance zones based on the early morning volatility.
Pine Script® 인디케이터
nirree11의