FX Sessions w/ Watermark
This my own implementation of the session ranges using Pinescript V5. This indicator allows you to define 3 different sessions, namely Asian, London, and New York.
The first setting on Top is the Timezone. By default it is set to GMT +4 which is the timezone for NY.
Next is a customizable Watermark and sub watermark to allow you to input a meaningful text. It has also an option to show or hide the currency/symbol info.
Features
Define session based on customizable timezone.
Add big watermark text and customize its size, color, and position
Add sub watermark text and customize its size, color, and position
Add option to show symbol info and adjust its size, color, and position
Option to add True New York Midnight Divider
Option to define the Asian, London, and New York opening and closing session.
사이클
Revolution SMA-EMA DivergenceThis is an MACD inspired indicator and it analyzes the difference between the SMA and EMA using the same time period. Unlike the MACD, it can give you a better understanding of the overall trend. Values above 0 is bullish and below 0 bearish. It consists of two cycles: Black histogram - the long-term cycle and orange histogram - the short-term cycle, as well as timing signal (red line).
Trend & Pullback Toolkit (Expo)█ Overview
The Trend & Pullback Trading Toolkit is an all-encompassing suite of tools designed for serious traders who want a comprehensive trend approach. It empowers traders to align their strategies with prevailing market trends, thereby mitigating risk while maximizing profit potential.
The Toolkit helps traders spot, analyze, and react to market trends, pullbacks, and significant trends. It combines multiple trading methodologies, such as the Elliott Wave theory, cyclical analysis, retracement analysis, strength analysis, volatility analysis, and pivot analysis, to provide a thorough understanding of the market. All these tools can help traders detect trends, pullbacks, and major shifts in the overall trend. By integrating different methodologies, this toolkit offers a multifaceted approach to analyzing market trends.
In essence, the Trend & Pullback Toolkit is the complete package for traders seeking to detect, evaluate, and act upon market trends and pullbacks while being prepared for major trend shifts.
The Trend & Pullback Toolkit works in any market and timeframe for discretionary analysis and includes many oscillators and features, but first, let us define what a cycle is:
█ What is a cycle
This involves the analysis of recurring patterns or events in the market that repeat over a specific period. Cycles can exist in various time frames and can be identified and analyzed with various tools, including some types of oscillators or time-based analysis methods.
Traders must also be aware that cycles do not always repeat perfectly and can often shift, evolve, or disappear entirely.
█ Features & How They Work
Elliott Wave Cycles: This is a method of technical analysis that traders use to analyze financial market cycles and forecast market trends. Elliott Wave theory asserts that markets move in repetitive cycles, which traders can analyze to predict future price movement. The core principle behind the theory is that market prices alternate between an impulsive, or driving phase, and a corrective phase on all time scales of trend. This pattern forms a fractal, meaning it's a self-similar pattern that repeats regardless of the degree or size of the waves.
The Elliott Wave Cycle Feature uses the principle of the Elliott Wave to identify trends and pullbacks in real-time.
Ratio Wave Cycle: This method elaborates on the concept of how negative volatility, or the degree of variation in the negative returns of a financial instrument, influences the effectiveness of a relative price move. Essentially, it delves into the relationship between the negative fluctuations in the market and the resulting relative price change, exploring how the two aspects interact with each other.
The central concept is that trends are generally more stable and predictable than rapid retracements. Therefore, the indicator calculates the relationship between these two market movements. By doing so, it establishes a trend-based identification system. This system aids in forecasting future market movements, allowing traders to make informed decisions based on these predictions. Essentially, it uses the calculated relationship to discern the overall direction (trend) of the market despite temporary counter-movements (retracements), thereby providing a more robust trading signal.
Periodic Wave Cycle: Thi refers to patterns or events in price action that recur over a specific time period. Periodic cycles can range from short-term intraday cycles (like the tendency for stock market volatility to be high at the opening and close of trading) to long-term cycles trend cycles. Traders use this to predict future price movements and trends.
By identifying the phases of a cycle, traders can predict key turning points in the market.
Retracement Cycles: Retracements are temporary price reversals that occur within a larger trend. These retracements are a common occurrence in all markets and timeframes, representing a pause or counter-move within a larger prevailing trend. Retracements can be driven by a variety of factors, including profit-taking, market uncertainty, or a change in market fundamentals. Despite these periodic reversals, the overall trend (upwards or downwards) often continues after the retracement is complete.
Fibonacci retracement functions are primarily used to identify potential retracement levels.
Volatility Cycle: A volatility cycle refers to the periodic changes in the degree of dispersion or variability of a security's returns, expressed as a standard deviation or variance. This feature uses both measures.
Strength Cycle: Gauges the power of a market trend and its inherent impulses. This feature offers a broad perspective on the cyclical nature of markets, which alternate between periods of strength, often referred to as bull markets, and periods of weakness, known as bear markets. It effectively tracks the direction, intensity, and cyclic patterns of market behavior.
Let us define the difference between strength and impulse:
Strength: This refers to the power or force behind a price move. In trading, this refers to the momentum or volume supporting a price move.
Impulse: In the context of trading, an impulse usually refers to a strong move in price. Impulse moves are typically followed by corrective moves against the trend.
Pivot Cycles: Pivot cycles refer to the observation of recurring price patterns or turning points in the market. Pivots can be defined as significant highs or lows that act as potential reversal or support/resistance points. Pivot point analysis helps traders understand the prevailing market sentiment. Overall, pivot cycles provide traders with a framework to identify potential market turning points and price levels of interest.
█ How to use the Trend & Pullback Toolkit
Elliott Wave Cycles
Ratio Wave Cycle
Periodic Wave Cycle
Retracement Cycles
Volatility Cycle:
Strength Cycle
Pivot Cycles
█ Why is this Trend & Pullback Toolkit Needed?
The core philosophy of this toolkit revolves around the popular adage in trading circles: "The trend is your friend." This toolkit ensures that you are always in sync with the trend, thereby increasing the chances of successful trades.
Here's an overview of the key benefits:
Trend Identification: The toolkit includes sophisticated algorithms and indicators that help identify the prevailing trend in the market. These algorithms analyze price patterns, momentum, volume, and other factors to determine the direction and strength of the trend.
Risk Reduction: By enabling traders to trade with the trend, this toolkit reduces the risk of betting against market momentum.
Profit Maximization: Trading with the trend increases the likelihood of successful trades.
Advanced Analysis Tools: The toolkit includes tools that provide a deeper insight into market dynamics. These tools enable a multi-dimensional analysis of market trends, from Elliott Wave cycles and period cycles to retracement cycles, ratio wave cycles, pivot cycles, and strength cycles.
User-friendly Interface: Despite its sophistication, the toolkit is designed with user-friendliness in mind. It allows for customization and presents data in easy-to-understand formats.
Versatility: The toolkit is versatile and can be used across different markets - stocks, forex, commodities, and cryptocurrencies. This makes it a valuable resource for all types of traders.
█ Any Alert Function Call
This function allows traders to combine any feature and create customized alerts. These alerts can be set for various conditions and customized according to the trader's strategy or preferences.
█ In conclusion, The Trading Toolkit is a powerful ally for any trader, offering the capabilities to navigate the complexities of the market with ease. Whether you're a novice or an experienced trader, this toolkit provides a structured and systematic approach to trading.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
Range Deviations @joshuuuThis indicator is able to show ranges, the equlibrium (50%) and range deviations.
It has four pre-defined options and one custom version.
Asia (2000-0000) ny time
CBDR(1400-2000) ny time
Flout(1400-0000) ny time
ONS (OverNightSession)(0400-0800) chicago time
Custom (you can choose the times)
ICT (Inner Circle Traders) teaches, that those range deviations of asia,cbdr,flout can be used to find the daily high/low.
TCM (The Currency Merchant) teaches, that a move out of the range often is a false move to trap traders into the wrong direction.
Seasonal Performance for Stocks & CryptoThe Seasonal Performance indicator quickly allows you to see if you are in a bullish or bearish time of year for an underlying security and where the current performance stacks up compared to the same time of year historically. Table is fully customizable from colors to what data to see.
Table Displays
Average Performance
Best Performance
Worst Performance
Last Performance
Current Performance
Note this indicator will only work with Stocks, ETF's, Index's or Crypto.
Machine Learning : Dominant Cycle Elastic Volume KNNAbout the Script
Dominant Cycle Elastic Volume KNN ,
is a non-parametric algorithm, which means that, initially it makes no assumptions about the underlying distribution of the time-series price as well as volume.
This approach gives it flexibility so that it can be used on a wide variety of securities at variety of timeframes.(even on lower timeframes such as seconds)
The main purpose of this indicator is to predict the trend of the underlying, by converging price, volume and dominant cycle as dimensions and generate signals of action.
Key terms :
Dominant cycle is a time cycle that has a greater influence on the overall behaviour of a system than other cycles.
The system uses Ehlers method to calculate Dominant Cycle/ Period.
Dominant cycle is used to determine the influencing period for the underlying.
Once the dominant cycle/ period is identified, it is treated as a dynamic length for considering further calculations
Elastic Volume MA is a volume based moving average which is generally used to converge the volume with price, the dominant period is used here as the length parameter
KNN K-Nearest Neighbour is one of the simplest Machine Learning algorithms based on Supervised Learning technique.
K-NN algorithm assumes the similarity between the new case/data and available cases and put the new case into the category that is most similar to the available categories.
K-NN algorithm stores all the available data and classifies a new data point based on the similarity. This means when new data appears then it can be easily classified into a well suite category by using K- NN algorithm. K-NN algorithm can be used for Regression as well as for Classification but mostly it is used for the Classification problems.
So, K-NN is used here to classify the trend of the Dominant Cycle Elastic Volume, and Generate Signals on top of it
How to Use the Indicator ?
The Buy Signal Candle
The Sell Signal Candle
The Buy Setup
The Sell Setup
Stop and Reverse Structure
What Timeframes and Symbols can this indicator be used on ?
The above indicator can be used on any liquid security which has volume information intact with ticker
and it can be used on any timeframe, but the best timeframes are
The indicator can also be used as a trend confirmatory indicators on lower time frames, like 30second
The Script has provision for alerts
Two alerts are there :
Alert 1= "LONG CONDITION : DCEV-ML"
Alert 2= "SHORT CONDITION : DCEV-ML"
How to request for access ?
Simply private message me !
Market Time Cycle (Expo)█ Time Cycles Overview
Time cycles are a fascinating and powerful concept in the world of trading and investing. They are all about understanding and predicting the timing of market moves based on the premise that market events and price movements are not random, but instead occur in repeatable, cyclical patterns.
The Concept of Time Cycles: The foundation of time cycles lies in the belief that historical market patterns tend to repeat themselves over specific periods. These periods or cycles could be influenced by a myriad of factors like economic data releases, earnings reports, geopolitical events, or even natural human behavior. For example, some traders observe increased market activity around the start and end of a trading day, which is a form of intraday time cycle.
Understanding time cycles can provide traders with a roadmap, helping them anticipate potential trend shifts and make more informed decisions about when to buy or sell.
█ Indicator Overview
The Market Time Cycle (Expo) is designed to help traders track and analyze market cycles and generate signals for potential trading opportunities. It uses mathematical techniques to analyze market cycles and detect possible turning points. It does this by projecting the estimated cycle timeline and providing visual indications of cyclical phases through the use of color-coded lines and sine wave cycles.
Time cycles offer a compelling way to forecast market trends and time your trades better. By adding time cycles to your trading toolbox, you could potentially gain a new perspective on market movements and refine your trading strategy further. The indicator generates trading signals based on the sine wave's behavior. When the sine wave crosses certain thresholds, the indicator generates a signal suggesting a potential trading opportunity based on cycle behavior.
█ How to use
This indicator can be a valuable tool to help traders understand and predict market trends and time their trades more accurately. By visualizing the cyclic nature of markets, traders can better anticipate potential turning points and adjust their trading strategies accordingly. It helps traders to spot ideal entry and exit points based on the cyclical nature of financial markets.
█ Settings
You can customize the number of bars (NumbOfBars) that are taken into consideration for the cycle. Including a higher number of bars will provide more data, which can be helpful for analyzing long-term trends.
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Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, backtest, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
nNouSignnNouSign
☆
Welcome to a path to trading success in the world of trading, where fortunes are made and dreams come true.
But amidst the excitement and possibilities, there lies the challenge of deciphering the market's complexities.
Fear not, for we present to you the ultimate weapon in your trading arsenal: the nNouSign indicator.
Prepare to embark on a thrilling journey of trading mastery as we guide you through its optimal usage, enlightening you with its potential and empowering you with the ability to navigate the markets with confidence.
Embracing the nNouSign magic as you apply the nNouSign indicator to your TradingView chart, envision a realm where the convergence of art and science births incredible trading opportunities.
• The indicator's smooth moving average line, represented by a vibrant orange hue, acts as your guiding light. It captures the essence of market sentiment and unveils the hidden patterns that govern price movements.
Decoding the colors of success, possess a mystical power to evoke emotions and ignite motivation . The nNouSign indicator harnesses this power, allowing you to personalize your trading experience.
• Choose the color of prosperity for your buy signals, perhaps a vivid shade of green. Let it symbolize the life-giving force of profits flowing into your trading account.
• As for sell signals, embrace the passionate intensity of red, signifying your ability to seize opportunities and protect your gains.
Riding the trend waves is one of the nNouSign indicator's core strengths. It lies in its ability to identify trends.
Whether the market surges upwards like a fearless tide or recedes like a wise old ocean, the indicator whispers the secrets of trend direction.
• When the moving average is conquered by the closing price, rejoice, for it signals a bullish trend.
• Conversely, when the closing price descends beneath the moving average, it reveals a bearish trend.
Harmonizing with the trading signals which are the magical spells that teleport you to the forefront of profitable trades.
Watch as the nNouSign indicator casts its spells in the form of tiny triangles on your chart.
• When a bullish trend is confirmed, a mystical triangle points upwards, signaling a buy opportunity.
• On the contrary, when a bearish trend emerges, a bewitching triangle points downwards, beckoning you to sell.
Embrace these signals and let them guide your path to success.
Unleashing the power of alerts like the modern trader(s) whom thrives on speed and efficiency.
The nNouSign indicator empowers you with its alert system , ensuring you never miss a precious trading moment.
• Customize your alerts to receive notifications when the bullish or bearish trends are confirmed.
Imagine the thrill of being the first to seize an opportunity, swiftly executing trades with confidence, and reaping the rewards.
Dance with the trendline as you journey through the market's ebb and flow, through the nNouSign indicator its visual masterpiece.
Behold the trendline , gracefully drawn on your chart.
• In the presence of a bullish trend, it steps aside, allowing the moving average to shine brightly.
• Yet, in the depths of a bearish trend, it emerges, painted in shades of red, serving as a reminder to exercise caution.
Let this visual spectacle guide your decision-making process.
☆
Intrepid trader! ,may you now have unlocked the secrets of the nNouSign indicator and embark on a journey that will forever transform your trading experience.
Armed with its wisdom and most importantly YOUR OWN WISDOM, may you possess the ability to navigate the markets with confidence and precision.
Embrace its vibrant colors, heed its trading signals and dance with the trendline as you ride the waves of market trends. Let the indicator be your constant companion, guiding you through the ever-changing tides of the financial world.
Remember, trading is not just a science; it is an art. The nNouSign indicator provides you with the tools to create your masterpiece.
Embrace its colors, for they evoke the emotions and motivation necessary for success.
Let the green of buy signals ignite your passion for profit, and the red of sell signals fuel your determination to protect your gains.
But trading is more than just following signals; it requires discipline and adaptability.
Observe the trendlines and understand the market's rhythm.
Be patient when the trend favors the bulls, and exercise cautio n when the bears take control.
The nNouSign indicator, with its magical trendline, will be your compass in navigating these changing conditions.
In the fast-paced world of trading, timing is everything. The alerts generated by the nNouSign indicator will keep you informed, ensuring you never miss an opportunity.
Stay alert, for swift and decisive action can be the key to reaping substantial rewards.
☆
Finally, remember that trading is a journey of growth and learning.
Embrace the educational aspect of using the
nNouSign indicator.
Analyze your trades, study the outcomes, and fine-tune your strategies.
With each trade , you'll gain valuable insights and develop the skills necessary for long-term success .
☆
So, fellow trader, take this guide as your roadmap to trading mastery.
Let the nNouSign indicator be your guide, entertaining you with its vibrant colors, motivating you with its signals, and educating you through each trading experience.
Embrace the power it bestows upon you, and let it unleash your full potential in the exciting world of trading.
Success awaits those who dare to seize it!
-HappyTrading- J
Trend Reversal Indicator (Bull/Bear)Simple indicator utilising time series momentum to identify secular/cyclical trends in asset classes. Default setting is weekly timeframe - yearly/quarterly. The indicator helps define when in bull/bear market, and corrections/rebounds within larger trends.
Show Extended Hours (Futures & Crypto)OVERVIEW
This indicator mimics TradingViews "Extended trading hours" background color settings. It is most useful on symbols that do not conventionally have extended hours, but are available to trade during those hours (ie. Futures and Crypto). Because market participation (ie. volatility) in a given symbol can change dramatically at or near these transitions, seeing conventional market open / closures expedites price action context around these transitions.
INPUTS
You can configure:
Background colors for both Premarket and After Hours
Which extended hours you would like to see
Market Hours and Time Zone
AIAE IndicatorAggregate (or Average) Investor Allocation to Equities.
When it comes to predicting long-term equity returns, several well-known indicators come to mind—for example, the CAPE ratio, Tobin’s Q, and Market Cap to GDP, to name a few.
Yet there is another indicator without nearly as high of a profile that has outperformed the aforementioned indicators significantly when it comes to both forecasting and tactical asset allocation.
That indicator, known as the Aggregate (or Average) Investor Allocation to Equities (AIAE), was developed by the pseudonymous financial pundit, Jesse Livermore, and published on his blog in 2013.
In an essay titled, “The Single Greatest Predictor of Future Stock Market Returns,” Livermore makes the case that the primary driver of long-term equity returns is not valuation, but rather the supply of equities relative to the combined supply of bonds and cash.
Accordingly, the AIAE is computed by taking the total market value of equities and dividing by the sum of a) the total market value of equities, b) the total market value of bonds, and c) the total amount of cash available to investors (i.e., that in circulation plus bank deposits):
This ratio gives the market-wide allocation to equities (or, equivalently, the average investor allocation to equities weighted by portfolio size). (Note that every share of stock, every bond, and every unit of cash in existence must be held in some portfolio somewhere at all times.)
Livermore explains that, in practice, the total market value of bonds plus cash can be estimated by the total liabilities held by the five classes of economic borrowers: Households, Non-Financial Corporations, State and Local Governments, the Federal Government, and the Rest of the World.
This follows from the fact that if these entities borrow directly from investors, new bonds are created. Whereas, if they borrow directly from banks, new bank deposits (cash) are created.
As the economy grows, the supply of bonds and cash steadily increases. Historically, the rate of increase of the supply of bonds and cash has been about 7.5% per annum. Consequently, if the market portfolio is to maintain the same allocation to equities, the supply of equities must increase at the exact same rate.
The supply of equities can increase either by new equity issuance or by price increases. Historically, net new equity issuance has been negligible (with issuances being offset by buybacks and acquisitions). Thus, in order for equities not to become an ever-smaller portion of the average investor’s portfolio, the price of stocks must rise over the long-term.
While we often hear that stock prices follow earnings, in the 1980s earnings fell slightly from the beginning of the decade to the end of the decade, yet stocks rose at an annualized rate of 17% during that time. How could this be?
Well, at the beginning of the decade the average investor’s portfolio had a 25% allocation to equities. During the decade, the supply of bonds and cash rose strongly. If the price of equities had not risen, the average investor’s allocation to equities would have fallen to a mere 13% (as the supply of cash and bonds grew). Thus, equities had no choice but to rise despite the fall in earnings.
Turtle Soup IndicatorTurtle Soup Indicator plots a shape when we have a 20-period high or 20-period low.
Turtle Soup Setup
The Turtle Soup setup was published in the book Street Smarts by Laurence A Connors and Linda Raschke. You can learn about it there. It is a great setup for false breakouts or breakdowns in the group failure tests.
Going long
1) We have a new 20-period low
2) that must have occured at least four trading sessions earlier <- this is very important
Then we place a buy stop above 5-10 ticks or 5 to 10 cents above the previous 20-period low.
If filled immediately place a good til cancelled sell stop one tick or one cent below todays low.
Turtle Soup Plus One
Similar to above but occurs one day later. It should close at/below previous 20-period low.
Buy stop at earlier 20 day low. Cancel fi not filled on day 2.
Take partials within 2-6 bars on this one and trail stop rest of position.
Going short
Reverse
Time frames
Works on all timeframes. Only adjust stoplosses accordingly to chosen timeframe.
Settings
You can change the color, shape and placement of the indicator shape. I actually prefer a grey color for both highs and lows as the color actually doesn't add much information. The placement says it all but it is up to you to change this as you like.
90cycle @joshuuu90 minute cycle is a concept about certain time windows of the day.
This indicator has two different options. One uses the 90 minute cycle times mentioned by traderdaye, the other uses the cls operational times split up into 90 minutes session.
e.g. we can often see a fake move happening in the 90 minute window between 2.30am and 4am ny time.
The indicator draws vertical lines at the start/end of each session and the user is able to only display certain sessions (asia, london, new york am and pm)
For the traderdayes option, the indicator also counts the windows from 1 to 4 and calls them q1,q2,q3,q4 (q-quarter)
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
90 Minute Cycles + MTFCredit goes to LuxAlgo for the inspiration from 'Sessions' which allowed users to analyse specific price movements within a user defined period with tools such as trendline, mean and vwap.
Settings
Sessions
Enable Session: Allows to enable or disable all associated elements with a specific user set session.
Session Time: Opening and closing times of the user set session in the hh:mm format.
Range: Highlights the associated session range on the chart.
Ranges Settings
Range Area colour: Set each range to a specific colour.
Range Label: Shows the session label at the mid-point of the session interval.
Usage
By breaking 24hrs in quarters, starting with an Asian range of 18:00 NY time you can visualise the principles of Accumulation, Manipulation, Distribution and Rebalance. Know as AMD or PO3 (Power of Three), the principle is that the Manipulation phase will break above or below the Accumulation, before moving in an apposing direction and then rebalancing. This only works when there is a higher timeframe PD array or liquidity to support an apposing move.
Further to the daily quarters, each one can then be broken down again into 90min cycles. Again, each represents AMD, allowing the user an opportunity to watch for reversals during the 90min manipulation phase.
Note: Ensure the Asian Cycle always begins at 18:00 NY time.
The example shows that the 90min cycle occurs, followed by an apposing move away in price action
Here is the Daily cycle, highlighting the Manipulation phase.
Enjoy!
7 Closes above/below 5 SMAThis script looks for 7 consecutive closes above/below the 5-period SMA. The indicator is inspired by legendary trader Linda Raschke's work.
Usage
The script can can be used in three main ways. I think you will find more uses.
First are the two models for which the indicator was created, both inspired by Raschke:
1) Persistency of trend / Extended run setup.
Around 10-12 times per year we get a persistency of trend in instruments in general.
After 7 consecutive closes above/below the 5-period as price pulls back we can look to enter in the direction of the main trend as it moves up/down above/below 5 ma again. You should use price action trading to pinpoint the entries. Now try to hold this as long as possible. Way longer than you can percieve or think is possible. Up to 24-28 periods is what we are looking for in these cases.
2) Normal usage.
When the trend is not persistent, it is possible to use this as an oscillating signal, for a shorter term trade, where we can look for a short or long term reversal setup in price action.
3) I also use it at as a learning to see the swing trades clearer. You can also use it as a visual aid for developing new variances of the classic swing trading setup.
Read and listen to Linda Raschkes work to learn more.
TIme frames
The principles works in all time frames but may change depending on calendar differences. We will see more instances/year in shorter time frames.
Why closes above the 5 SMA
As you may or may not know the 5 SMA is a very important indicator. You can think of it like this, If price is above 5, it is innocent until proven guilty but if price is below 5 we use the french law system which means it is guilty until proven innocent. 7 closes above 5 is a very good predictor of possible short term direction changes.
Use together with:
I prefer to use this indicator together with either regular SMA:s, one short and one macro term. For example 10 ma and 100 ma.
Or you can use it with a a Hull 21-period MA together with a 240-period WMA.
Settings:
I added settings so you can change preferences for changing shape, where to display the shape and in what color
Visual aid
I wanted to keep one dot for each consecutive day, this way we will get a grouping of days and dots. The amount in this group can be of use in itself to inform you of the strength of trend. This can inform you if this oscillation predicts a short term eversal or a continuation. You need skills in reading price action to use this to your advantage.
Astro UniversaleSolar Eclipses (Annular, Partial, Total), Lunar Eclipses (Penumbral, Partial, Total), Venus (including shadow periods), Moon Phases, Apogees, Perigees, and the North Node from 2013 to 2024... The dates might vary by one day depending on your location because of differences in time zones.
TGIF StatsTGIF - "Thank God it's Friday"
After a heavily bearish week (tuesday, wednesday and thursday) price sometimes looks for some retracement on fridays. Vice versa for bullish weeks.
This script shows how often that specific scenario happens and displays that data in a table.
The user has the option to input a starting year for the statistic and is able to filter between bearish or bullish weeks.
*disclaimer : if paired with a higher timeframe pd array taught by ICT the stats should be better, that's not included in the code though*
⚠️ Open Source ⚠️
Coders and TV users are authorized to copy this code base, but a paid distribution is prohibited. A mention to the original author is expected, and appreciated.
⚠️ Terms and Conditions ⚠️
This financial tool is for educational purposes only and not financial advice. Users assume responsibility for decisions made based on the tool's information. Past performance doesn't guarantee future results. By using this tool, users agree to these terms.
Fierytrading: Volatility DepthDear Tradingview community,
I'd like to share one of my staple indicators with you. The volatility depth indicator calculates the volatility over a 7-day period and plots it on your chart.
This indicator only works for the DAILY chart on BTC/USD.
Colors
I've color coded the indicator as follows:
- Red: Extreme Volatility
- Orange: High Volatility
- Yellow: Normal Volatility
- Green: Low Volatility
Red: extreme changes in price. Often during local tops and bottoms.
Orange: higher than average moves in price. Often before or after a "red" period. Often seen in the middle of bear or bull markets.
Yellow: normal price action. Often seen during early stage bull-markets and late stage bear-markets.
Green: very low price movement. Often during times of indecision. Once this indicator becomes green, you can expect a big move in either direction. Low volatility is always followed by high volatility.
In a long-term uptrend, a green period often signals a bullish break out. In a long-term downtrend it often signals a bearish break out.
How to use
Save the indicator and apply it to your chart. You can change the length in the settings, but it's optimized for 7 days, so no need to change it.
I've build in alerts for all 4 different volatility periods. In most cases, the low volatility alert is enough.
Good luck!
High/Low Statistics @joshuuuThis indicator has been made to get a statistical edge. It has two different options. Weekly High/Low or Daily High/Low
Weekly High/Low - use this on Daily Chart
This option plots a table, that shows how often the High/Low of the Week has been made on certain Days of the Week. It is possible, to only filter bullish/bearish weeks, to have more precise values.
Daily High/Low - use this on Hourly Chart
This options plots a table, that shows how often High/Low of the Day has been made on certain Hours of the Day. It is possible, to only filter bullish/bearish days, to have more precise values.
How do I use it?
Let's say you have created a daily bias. You are expecting spx500 to have a bullish day. Now you can filter bullish days in your indicator settings and then you get data, on which time of the day you have the highest chance to see the high/low of the day being created, same goes for weekly bias.
Alpha-Numerologia by Alien CrewAlpha-Numerologia is our latest generation of market analytical tools, built completely from the ground up using a new cutting-edge mathematical formula, designed by the Alien Crew team.
The purpose of this tool, is to tap into the mathematics behind the market prices themselves, in order to extrapolate areas where the price is likely to find support or resistance. This indicator does not use Fibonacci or Pivot Points in any way whatsoever. It does however rhyme with them every now and then, as is the systematic nature of markets. The key strength of this indicator is its ability to adapt to ever-evolving market conditions, providing users with a real-time, clear visualization of essential price zones.
There are several aspects to the process that goes on in this algorithm. Firstly, it gathers range data from multiple lookback periods of time to understand the underlying asset volatility and reference points for calculation. Following that, it identifies the numerical structure of all the ranges, and finds their common denominators, which are essentially subsets. These subsets are then scaled in real-time, reacting to the change in volatility. A scaling mechanism occurs when the volatility either increases or decreases, causing the algorithm to recalculate the levels using the identified subsets. Since each subset has the same character as the whole, it is by definition a fractal. From a mathematical standpoint, such subsets have no limits on scale. They can be infinitesimal, or infinitely large.
Such a fractal nature provides the benefit of this algorithm being able to adjust to virtually any asset and any chart timeframe. Furthermore, through the monitoring of several temporal periods it is able to correlate alignments of the subsets, which is denominated as a percentage on the chart. Such confluences give more importance to the detected level.
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Remember, the world of trading comes with significant risks and unpredictability. While the Alpha-Numerologia Indicator is a highly sophisticated tool, it should be used in combination with other analytical techniques and a sound risk management strategy. Always conduct your own research before making trading decisions. Due to the extended research and work placed into it, the inner workings behind Alpha-Numerologia are proprietary, and shall not be discussed or disclosed in any way by Alien Crew. The source code is not for sale either.
DB ZEMAThe DB ZEMA indicator is a no repaint indicator that is designed to local trends and local tops/bottoms. Since the indicator does not repaint, decisions can be made upon bar/period OPEN.
That means, when the indicator turns red indicating a market top is finished, then a decision can be made to close at the OPEN of that period. Likewise, when the indicator turns green, a decision can be made to buy at OPEN or during the current bar.
Additionally, traders may use the ZEMA level to get insight on the strength of the asset. For example, when the ZEMA is below -50 that would indicate a major low or weakness is present. ZEMAs under a certain threshold can indicate very good investment long entry points. Alternatively, zooming the chart out to view a long range of periods can show a pattern of common low ZEMA levels can be used as a baseline for good entry points. The same holds true for existing a long or entering a short.
Using a combination of the ZEMA color and the ZEMA level it's can be easy to tell smart entry and exist points. Especially on the weekly or higher timeframes.
For traders wanting real time data, there is a setting to disable the no-repaint mode to display the current real time ZEMA value. Traders may also adjust the length. By default the length of 10 is provided which is excellent for Weekly. We recommend a length of less than 10 for even high timeframes. For example a length of 2 is excellent on 4 Month timeframe for looking at market cycles, etc.
Finally the indicator offers the ability to change the symbol. This can be helpful in crypto in comparing the chart asset again BTC or similar.
Enjoy!
Seasonal Open Interest° by toodegreesDescription:
The Open Interest (OI) is a valuable metric that gets released at the end of each trading day. This metric represents the number of outstanding futures contracts held by market participants for a given commodity or market
The concept of utilizing the OI data as a strategic trading tool was first introduced by Larry Williams :
Rise in Price + Rise in OI: strong trend – new money is coming into the market, showing aggressive buying activity
Rise in Price + Decline in OI: weakening trend – less money coming into the market, suggesting that the move is likely to reverse lower
Decline in Price + Decline in OI: strong trend – new money is coming into the market, showing aggressive selling activity
Decline in Price + Rise in OI: weakening trend – less money coming into the market, suggesting that the move is likely to reverse higher
The Inner Circle Trader (ICT) expanded on these ideas, by exposing Smart Money's behaviour:
Rise in Price + Rise in OI: shorts are being stopped out, and new sellers take their place – gradually, longs get stronger and shorts get weaker
Rise in Price + Decline in OI: Smart Money longs are taking profit and liquidating their positions, and weak shorts are exiting the market
Decline in Price + Decline in OI: longs are being stopped out, and new buyers take their place – gradually, shorts get stronger and longs get weaker
Decline in Price + Rise in OI: Smart Money shorts are taking profit and liquidating their positions, and weak longs are exiting the market
Further, ICT showed the importance of OI in consolidations at Institutional Support or Resistance levels:
Consolidation + Rise in OI: bearish sign due to Smart Money is playing the short side and accumulating positions
Consolidation + Decline in OI: bullish sign due to Smart Money covering their short positions
Last but not least, the Seasonal Open Interest shows us a historical reference point of how OI usually, but not always, develops over the trading year.
Depending on the narrative, a higher/lower OI than its Seasonal Tendency can provide an incredible edge by pointing traders towards what side Smart Money is taking.
The Open Interest Meter shows you a visual representation of how many Standard Deviations the Open Interest is deviating from its Seasonal Tendency.
You can also display this visually as a shaded area between the two metrics:
Features:
Plot Open Interest Data
Plot the Seasonal Open Interest for a specific year
See the OI vs. Seasonal OI in a tailored meter
Shade the area between the OI and the Seasonal OI based on their difference
DB Zero Lag Smoothed Tops & Bottoms RSI (No Repaint)The DB ZPS RSI indicator is a designed to detect tops and bottoms using a zero lag smoothed RSI. This indicator has been specifically designed not to repaint by default. Which means the value at the opening of the bar will not change and can be used at the start of the period to make trading choices.
The RSI line has 4 different colors:
- Red = Sell Zone
- Maroon = Bear Zone
- Aqua = Trend Changing Upward
- Lime = Bull Zone
The indicator comes with zones outlined with horizontal lines. Typically when the ZPS RSI is above 90 the top is near. Typically when the ZPS RSI is below 10 the local bottom is near. However, at times the ZPS RSI may treat the 50 as the top depending on the amount of market momentum.
Since this indicator (by default) does not repaint, this means traders can use this to make market entry or exit choices at the start of the period.
For example, trader may decide to enter a long when the ZPS RSI is below 2 and the ZPS RSI color is aqua or lime at the OPEN of the bar period. A trader may choose exit a trade when the ZPS RSI is above 95 or the ZPS RSI color is maroon at the OPEN of the bar period. No waiting. Remember it does not repaint.
For example, trader may decide to enter a short when the ZPS RSI crosses under 95 on the OPEN of the bar period. The trader may then choose to close the short when the ZPS RSI color turn aqua at the OPEN of the bar period.
For those traders who live on the wild side. You may disable the no-repaint mode in the settings (not recommended). With no repaint disabled, the ZPS RSI will be subject to change as the price changes during the current period. However, for those who are willing to take this risk, you could take the example above and then enter/exit (or short) in the current bar as the example conditions are present (not recommended).
The indicator includes a simple threshold buy/sell setting and the ability to display buy sell signals (triangles, disabled by default). Additionally, the indicator has alerts for threshold levels and the different ZPS RSI color changes.
The default ZPS RSI length in the settings is 10 but can be changed.
Hope you enjoy!
p.s. ZPS RSI stands for Zero Lag Percent Change Smoothed Sum RSI
