Crypto Open InterestPlots a crypto's open interest on Binance.
You can choose to see OI as asset-denominated (e.g. 1000 BTC), USD-denominated, or both.
How I usually interpret OI:
Price up, OI up = longs opened = bullish
Price up, OI down = shorts closed = bullish on HTF, or counter-trade on LTF
Price down, OI up = shorted opened = bearish
Price down, OI down = longs closed = bearish on HTF, or counter-trade on LTF
I find the indicator useful on 1-minute charts to identify liquidations and compare perp v.s. spot patterns.
Sentiment
Zaree - FX Index RSI IndicatorDescription:
The "Zaree - FX Index RSI Indicator" (FIRI) is a technical analysis tool designed to provide insights into the relative strength of two selected currency indices using the Relative Strength Index (RSI). It allows traders to compare the RSI values of a primary currency index and a secondary currency index, helping them identify potential overbought and oversold conditions in the currency market.
Details of the Indicator:
The indicator calculates the RSI for both the primary and secondary currency indices based on the user's selections.
Traders can choose from a variety of currency indices to use as the primary and secondary indices for comparison.
The indicator offers settings for customizing the calculation of the RSI, including selecting the type of moving average (SMA, EMA, WMA, SMMA) and adjusting the length of the RSI and moving average.
Upper and lower RSI bands are displayed on the chart to highlight potential overbought and oversold conditions.
The RSI values and their corresponding moving average values are plotted on the chart, allowing traders to visually analyze the relative strength of the indices.
How to Use the Indicator:
Select the primary and secondary currency indices you want to compare from the provided dropdown menus. These indices will serve as the basis for RSI calculation.
Choose the type of moving average (SMA, EMA, WMA, SMMA) to use for RSI calculation and set the desired length for the moving average.
Decide whether you want to visualize the RSI and moving average values for the primary and secondary indices on the chart.
Observe the RSI values and moving averages plotted on the chart. The indicator's upper and lower bands can help you identify potential overbought (above the upper band) and oversold (below the lower band) conditions.
Pay attention to the intersections between the RSI values and the moving average lines. These intersections can provide insights into potential trend changes or reversals in the currency market.
Example of Usage:
Let's say you're a swing trader focusing on currency pairs involving the US Dollar (USD) and Euro (EUR). You want to compare the relative strength of the USD Index (USDINX) and the EUR Index (EURINX) to identify potential trading opportunities. Here's how you can use the FIRI indicator:
Select "USDINX" as the primary index and "EURINX" as the secondary index.
Choose "SMA" as the moving average type and set the RSI length to 14.
Enable the visualization of RSI values for both the primary and secondary indices.
Observe the chart to identify instances where the RSI values of the indices cross above the upper band (potential overbought) or below the lower band (potential oversold).
Look for intersections between the RSI values and the moving average lines. A bullish signal may occur when the RSI crosses above the moving average, indicating potential upward momentum, while a bearish signal may occur when the RSI crosses below the moving average, indicating potential downward momentum.
Remember that the FIRI indicator is a tool to assist you in your analysis. It's important to consider other technical and fundamental factors before making trading decisions.
Feel free to adjust the settings of the indicator based on your trading preferences and strategy. Keep in mind that no indicator is foolproof, and it's recommended to use the FIRI indicator in conjunction with other analysis techniques for a comprehensive trading approach.
Zaree - FX Index Spread IndicatorDescription:
The "Zaree - FX Index Spread Indicator" (FISI) is a powerful technical analysis tool designed to provide insights into the spread between two selected currency indices. By calculating and visualizing the percentage difference between the values of a primary and a secondary currency index, traders can gain valuable information about potential market dynamics and trends.
Details of the Indicator:
The indicator calculates the spread percentage between a primary and a secondary currency index, allowing traders to understand the relative strength of the two indices.
Traders can choose from a list of currency indices to use as the primary and secondary indices for comparison.
The indicator offers multiple methods for setting thresholds to identify potential trading opportunities, including standard deviations, percentile ranks, historical highs and lows, and fixed thresholds.
Users can customize the length of the calculation period and choose whether to display the primary index, secondary index, and the spread percentage on the chart.
Shaded areas on the chart indicate regions where the spread percentage is above or below predefined thresholds, helping traders identify potential trading signals.
How to Use the Indicator:
Select the primary and secondary currency indices you want to compare from the provided dropdown menus. These indices will be used to calculate the spread percentage.
Choose the method for setting thresholds by selecting one of the options: "Standard Deviations," "Percentile Ranks," "Historical Highs and Lows," or "Fixed Thresholds."
Depending on the selected method, configure the relevant threshold parameters, such as historical threshold percentage, upper and lower fixed thresholds, upper and lower percentile thresholds, or the standard deviation multiplier.
Choose whether to visualize the primary index, secondary index, and spread percentage on the chart by enabling the respective options.
Observe the chart to identify potential trading signals based on the interactions between the spread percentage and the predefined thresholds.
Example of Usage:
Suppose you're interested in trading currency pairs involving the US Dollar (USD) and Euro (EUR), and you want to monitor the spread between the USD Index (USDINX) and the EUR Index (EURINX). Here's how you can use the FISI indicator:
Select "USDINX" as the primary index and "EURINX" as the secondary index.
Choose the method for setting thresholds based on your strategy. For instance, you can select "Standard Deviations" and adjust the standard deviation multiplier.
Enable the visualization of the primary index, secondary index, and spread percentage on the chart.
Observe the shaded areas on the chart. If the spread percentage crosses above the upper threshold, it may indicate a potential market overextension. Conversely, if the spread percentage crosses below the lower threshold, it could suggest an oversold market condition.
Look for instances where the spread percentage approaches or crosses the predefined thresholds. Consider these instances as potential entry or exit points for your trades.
Remember that the FISI indicator is a tool to assist you in your analysis. It's recommended to combine its insights with other technical and fundamental factors before making trading decisions. Adjust the indicator settings and thresholds based on your trading strategy and preferences.
As with any trading tool, practice and observation are key. Over time, you can refine your trading strategy by analyzing historical data and observing how the indicator performs in different market conditions.
Feel free to experiment with different settings and methods to find the configuration that aligns best with your trading style and goals.
Liquidity Concepts [BigBeluga]The Liquidity Concepts indicator is designed to represent the liquidity on the chart using pivot points as potential stop-losses / liquidity grabs.
The indicator is facilitated by a market structure detector and pivot points to identify resting liquidity / stop-loss levels.
A liquidity grab or a stop-loss hunt is when retail traders place their stop-loss orders at recent highs / most recent highs or lows. This is a spot where big players attempt to push the market to trigger all the stop-loss orders and gain a better entry in their favor.
🔶 CALCULATION
The indicator uses the Higher Lower script made by @LonesomeTheBlue to determine these pivot points. When a pivot point is formed, it is displayed on the chart with the corresponding symbol (HH - HL - LH - LL). When one of these points is broken, a line is drawn between the pivot point and the candle that broke it.
A liquidity grab is only recognized after it has occurred, and it is represented with a box showing all the candles that were involved in the sweep / stop-loss hunt.
A pivot point is established only after the selected lookback period and cannot be printed beforehand in any manner. This ensures that it captures the highest point within the lookback period following the candle formation.
An HL (Higher Low) point is established when it is lower than an HH (Higher High) point, whereas an LH (Lower High) point is established when it is higher than an LL (Lower Low) point.
Boxes are formed in two different types: Major and Minor.
- Major boxes occur when LH or HL points are breached, with their high or low point crossing above or below in the specific lookback period.
- Minor boxes occur when HH or LL points are breached, with their high or low point crossing above or below in the specific lookback period.
Minor points are less efficient since they represent key highs and lows, and before taking out those liquidity levels, the HL and LH points should be cleared.
Representation of Pivot Point Formation:
Liquidity wicks are a minor representation of a stop-loss hunt during the retracement of a pivot point. This means that a pivot point is broken only by the wick and not by the entire body.
Bigger wick = more liquidity
Lower wick = less liquidity
Liquidity wicks can be used as trade confirmation or targets for your entry to enhance accuracy.
Users have the option to display candle coloring based on the currently detected trend.
🔶 VERIFICATION
Users have the option to specify the verification length for when the liquidity should occur. This means that if the length is set to 7, the indicator will search for the liquidity formation within the last 7 candles; otherwise, it will be considered invalid.
🔶 CONCEPTS
The whole idea is to help find possible zone of stop loss hunting helping having a better entry in our trading, we can utilize a lot more tools, and this shoud be used as confluence only
🔶 OPTIONS
Users have complete control over the settings, allowing them to:
- Disable pivot points.
- Disable the display of boxes.
- Disable liquidity wicks.
- Customize colors to their preferences.
- Adjust lookback settings for historical data analysis.
- Modify candle coloring settings.
- Adjust the text size of labels for better readability and customization.
🔶 RECAP
Box => Represents liquidity formation / stop-loss hunt
- Minor Box HH / LL point
- Major Box LH / HL point
Liquidity Wicks => Formed when a pivot point is broken only by the wick
BOS / CHoCH => Calculated using the pivot points from the @LonesomeTheBlue script
🔶 RELATED SCRIPTS
Price Action Concepts =>
Market Health OscillatorDesigned to provide traders with a comprehensive view of the overall health of a market. By combining the rate of change of key indicators, the MHO offers insight into potential shifts in market sentiment.
Components:
Price Rate of Change: The MHO considers the rate of change of the price of an asset over a specified period. This element reflects the momentum of the asset's price movement, aiding in the assessment of potential trend shifts.
Volume Rate of Change: Tracking the rate of change of trading volume provides insights into market participation and interest. Changes in volume can signify shifts in market sentiment and potential trend reversals.
Volatility Rate of Change: The rate of change of volatility, often measured using the Average True Range (ATR), helps gauge the level of uncertainty in the market. An increase in volatility can indicate heightened market activity and potential reversals.
Advance-Decline Line: The MHO takes into account the Advance-Decline Line, which compares the number of advancing stocks to declining stocks. This component offers insights into market breadth and the underlying strength of the current trend.
Calculation and Interpretation:
The MHO aggregates the rate of change of these components and combines them to provide a single oscillator reading. This reading is then normalized to a range between -1 and 1. Positive values suggest bullish market health, while negative values indicate bearish conditions. The oscillator's extremes, coupled with divergence patterns, can signal potential market turning points.
Application:
Identify potential trend reversals or corrections by watching for extreme MHO readings.
Assess the overall health of a market by observing the general direction and amplitude of the oscillator.
Look for divergences between price and the MHO for insights into potential shifts in market sentiment.
This was inspired to offer a holistic perspective on market dynamics. By encompassing price, volume, volatility, and breadth factors, the MHO assists in a comprehensive assessment of market health.
Normal Distribution Asymmetry & Volatility ZonesNormal Distribution Asymmetry & Volatility Zones Indicator provides insights into the skewness of a price distribution and identifies potential volatility zones in the market. The indicator calculates the skewness coefficient, indicating the asymmetry of the price distribution, and combines it with a measure of volatility to define buy and sell zones.
The key features of this indicator include :
Skewness Calculation : It calculates the skewness coefficient, a statistical measure that reveals whether the price distribution is skewed to the left (negative skewness) or right (positive skewness).
Volatility Zones : Based on the skewness and a user-defined volatility threshold, the indicator identifies buy and sell zones where potential price movements may occur. Buy zones are marked when skewness is negative and prices are below a volatility threshold. Sell zones are marked when skewness is positive and prices are above the threshold.
Signal Source Selection : Traders can select the source of price data for analysis, allowing flexibility in their trading strategy.
Customizable Parameters : Users can adjust the length of the distribution, the volatility threshold, and other parameters to tailor the indicator to their specific trading preferences and market conditions.
Visual Signals : Buy and sell zones are visually displayed on the chart, making it easy to identify potential trade opportunities.
Background Color : The indicator changes the background color of the chart to highlight significant zones, providing a clear visual cue for traders.
By combining skewness analysis and volatility thresholds, this indicator offers traders a unique perspective on potential market movements, helping them make informed trading decisions. Please note that trading involves risks, and this indicator should be used in conjunction with other analysis and risk management techniques.
Traders Trend DashboardThe Traders Trend Dashboard (TTD) is a comprehensive trend analysis tool designed to assist traders in making informed trading decisions across various markets and timeframes. Unlike conventional trend-following scripts, TTD goes beyond simple trend detection by incorporating a unique combination of moving averages and a visual dashboard, providing traders with a clear and actionable overview of market trends. Here's how TTD stands out from the crowd:
Originality and Uniqueness:
TTD doesn't rely on just one moving average crossover to detect trends. Instead, it employs a dynamic approach by comparing two moving averages of distinct periods across multiple timeframes. This innovative methodology enhances trend detection accuracy and reduces false signals commonly associated with single moving average systems.
Market Applicability:
TTD is versatile and adaptable to various financial markets, including forex, stocks, cryptocurrencies, and commodities. Its flexibility ensures that traders can utilize it across different asset classes and capitalize on market opportunities.
Optimal Timeframe Utilization:
Unlike many trend indicators that work best on specific timeframes, TTD caters to traders with diverse trading preferences. It offers support for intraday trading (1m, 3m, 5m), short-term trading (15m, 30m, 1h), and swing trading (4h, D, W, M), making it suitable for a wide range of trading styles.
Underlying Conditions and Interpretation:
TTD is particularly effective during trending markets, where its multi-timeframe approach helps identify consistent trends across various time horizons. In ranging markets, TTD can indicate potential reversals or areas of uncertainty when moving averages converge or cross frequently.
How to Use TTD:
1. Timeframe Selection: Choose the relevant timeframes based on your trading style and preferences. Enable or disable timeframes in the settings to focus on the most relevant ones for your strategy.
2. Dashboard Interpretation: The TTD dashboard displays green (🟢) and red (🔴) symbols to indicate the relationship between two moving averages. A green symbol suggests that the shorter moving average is above the longer one, indicating a potential bullish trend. A red symbol suggests the opposite, indicating a potential bearish trend.
3. Confirmation and Strategy: Consider TTD signals as confirmation for your trading strategy. For instance, in an uptrend, look for long opportunities when the dashboard displays consistent green symbols. Conversely, in a downtrend, focus on short opportunities when red symbols dominate.
4. Risk Management: As with any indicator, use TTD in conjunction with proper risk management techniques. Avoid trading solely based on indicator signals; instead, integrate them into a comprehensive trading plan.
Conclusion:
The Traders Trend Dashboard (TTD) offers traders a powerful edge in trend analysis, combining innovation, versatility, and clarity. By understanding its unique methodology and integrating its signals with your trading strategy, you can make more informed trading decisions across various markets and timeframes. Elevate your trading with TTD and unlock a new level of trend analysis precision.
CE - 42MACRO Fixed Income and Macro This is Part 2 of 2 from the 42MACRO Recreation Series
However, there will be a bonus Indicator coming soon!
The CE - 42MACRO Fixed Income and Macro Table is a next level Macroeconomic and market analysis indicator.
It aims to provide a probabilistic insight into the market realized GRID Macro regimes,
track a multiplex of important Assets, Indices, Bonds and ETF's to derive extra market insights by showing the most important aggregates and their performance over multiple timeframes... and what that might mean for the whole market direction.
For traders and especially investors, the unique functionalities will be of high value.
Quick guide on how to use it:
docs.google.com
WARNING
By the nature of the macro regimes, the outcomes are more accurate over longer Chart Timeframes (Week to Months).
However, it is also a valuable tool to form an advanced,
market realized, short to medium term bias.
NOTE
This Indicator is intended to be used alongside the 1nd part "CE - 42MACRO Equity Factor"
for a more wholistic approach and higher accuracy.
Methodology:
The Equity Factor Table tracks specifically chosen Assets to identify their performance and add the combined performances together to visualize 42MACRO's GRID Equity Model.
For this it uses the below Assets:
Convertibles ( AMEX:CWB )
Leveraged Loans ( AMEX:BKLN )
High Yield Credit ( AMEX:HYG )
Preferreds ( NASDAQ:PFF )
Emerging Market US$ Bonds ( NASDAQ:EMB )
Long Bond ( NASDAQ:TLT )
5-10yr Treasurys ( NASDAQ:IEF )
5-10yr TIPS ( AMEX:TIP )
0-5yr TIPS ( AMEX:STIP )
EM Local Currency Bonds ( AMEX:EMLC )
BDCs ( AMEX:BIZD )
Barclays Agg ( AMEX:AGG )
Investment Grade Credit ( AMEX:LQD )
MBS ( NASDAQ:MBB )
1-3yr Treasurys ( NASDAQ:SHY )
Bitcoin ( AMEX:BITO )
Industrial Metals ( AMEX:DBB )
Commodities ( AMEX:DBC )
Gold ( AMEX:GLD )
Equity Volatility ( AMEX:VIXM )
Interest Rate Volatility ( AMEX:PFIX )
Energy ( AMEX:USO )
Precious Metals ( AMEX:DBP )
Agriculture ( AMEX:DBA )
US Dollar ( AMEX:UUP )
Inverse US Dollar ( AMEX:UDN )
Functionalities:
Fixed Income and Macro Table
Shows relative market Asset performance
Comes with different Calculation options like RoC,
Sharpe ratio, Sortino ratio, Omega ratio and Normalization
Allows for advanced market (health) performance
Provides the calculated, realized GRID market regimes
Informs about "Risk ON" and "Risk OFF" market states
Visuals - for your best experience only use one (+ BarColoring) at a time:
You can visualize all important metrics:
- GRID regimes of the currently chosen calculation type
- Risk On/Risk Off with background colouring and additional +1/-1 values
- a smoother GRID model
- a smoother Risk On/ Risk Off metric
- Barcoloring for enabled metric of the above
If you have more suggestions, please write me
Fixed Income and Macro:
The visualisation of the relative performance of the different assets provides valuable information about the current market environment and the actual market performance.
It furthermore makes it possible to obtain a deeper understanding of how the interconnected market works and makes it simple to identify the actual market direction,
thus also providing all the information to derive overall market health, market strength or weakness.
Utility:
The Fixed Income and Macro Table is divided in 4 Columns which are the GRID regimes:
Economic Growth:
Goldilocks
Reflation
Economic Contraction:
Inflation
Deflation
Top 5 Fixed Income/ Macro Factors:
Are the values green for a specific Column?
If so then the market reflects the corresponding GRID behavior.
Bottom 5 Fixed Income/ Macro Factors:
Are the values red for a specific Column?
If so then the market reflects the corresponding GRID behavior.
So if we have Goldilocks as current regime we would see green values in the Top 5 Goldilocks Cells and red values in the Bottom 5 Goldilocks Cells.
You will find that Reflation will look similar, as it is also a sign of Economic Growth.
Same is the case for the two Contraction regimes.
******
This Indicator again is based to a majority on 42MACRO's models.
I only brought them into TV and added things on top of it.
If you have questions or need a more in-depth guide DM me.
GM
Divergance Based on Vortex IndicatorThe Vortex-Based Divergence Indicator represents a groundbreaking approach to analyzing market dynamics within the realm of technical analysis. Drawing inspiration from the concept of vortices and their cyclical patterns, this indicator strives to illuminate potential divergence points within financial markets, providing traders with valuable insights for informed decision-making.
At its foundation, the Vortex-Based Divergence Indicator builds upon the principles of the Vortex Indicator, a well-established tool for gauging momentum and identifying potential trend reversals. However, this innovative indicator goes a step further by focusing on the divergences that can occur between the Vortex Indicator and the actual price movements.
Divergences, which arise when the direction of an indicator's movement contradicts the direction of price action, hold paramount significance within the Vortex-Based Divergence Indicator. By integrating this indicator with other renowned oscillators, such as the Relative Strength Index (RSI) or the Moving Average Convergence Divergence (MACD), traders can augment their analytical capabilities significantly.
These complementary oscillators can corroborate or validate the signals generated by the Vortex-Based Divergence Indicator. For instance, when the Vortex-Based Divergence Indicator hints at a potential trend reversal, cross-referencing this insight with the RSI's overbought or oversold levels can enhance the accuracy of the prediction. Likewise, employing the MACD to confirm momentum shifts in conjunction with the Vortex Indicator's signals can provide a more comprehensive view of market dynamics.
It's crucial to emphasize the importance of synergy when combining these indicators. Rather than relying solely on the Vortex-Based Divergence Indicator, incorporating other oscillators acts as a checks-and-balances system, reducing false signals and enhancing the overall reliability of the trading strategy. However, prudent traders also recognize that no indicator or combination thereof is foolproof. Additional factors, such as fundamental analysis and market news, should also be considered to achieve well-rounded trading decisions.
In essence, the Vortex-Based Divergence Indicator's integration with established oscillators like RSI and MACD offers traders a powerful toolkit to navigate complex market landscapes. By leveraging the strengths of each indicator and cross-referencing their insights, traders can elevate their trading strategies to new heights of accuracy and effectiveness.
Double Supertrend HTF FilterDouble Supertrend HTF Filter: A Comprehensive Market Direction Tool
The Double Supertrend HTF Filter is an innovative tool designed for traders who seek a more holistic view of market trends. At its core, the indicator combines two Supertrends from different higher timeframes, providing a layered perspective on the market's direction. Instead of juggling between multiple timeframes or charts, traders get a consolidated view with this indicator. One of its standout features is the horizontal line at the bottom of the chart, which visually represents the alignment of the two Supertrends – a simple yet powerful way to gauge the combined sentiment of the two higher timeframes on your chart.
The Supertrend Indicator: Origins and Rationale
The Supertrend indicator, a popular tool among traders, was developed by Olivier Seban. At its essence, the Supertrend is a trend-following indicator, designed to identify and visualize the current market trend. It operates using average true range (ATR) values and price data, effectively smoothing out market noise to present clearer trend directions. When prices move with a consistent momentum upwards or downwards, the Supertrend remains below or above the price respectively, signaling the prevailing trend's direction. The rationale behind the Supertrend is its ability to adapt to price volatility. By factoring in the average true range, it dynamically adjusts itself, ensuring that it's not just based on price but also the inherent volatility of the market. This adaptability makes it a valuable tool for traders, offering insights into potential trend reversals and potential entry or exit points.
Filter Usage
The main idea behind the Double Supertrend HTF is to use the indicator as a filter in addition to a signal indicator to your liking. To illustrate, consider incorporating it with a MACD Oscillator, such as the one detailed in this article: When the solid line at the bottom of the chart turns green, it signals that both supertrends are up and thus allows for long positions, indicating a bullish sentiment across both the chosen higher timeframes. Conversely, a red line permits short positions, hinting at a bearish trend. Should the line turn yellow, it's a sign of caution. The market is indecisive, and it might be prudent to refrain from taking any trades until a clearer direction emerges.
Features of the Indicator
Understanding that traders have different preferences, the Double Supertrend HTF Filter comes with customizable features. With the easy user interface you can change the timeframe, ATR and factor to your preferred trading strategy. The default settings are set for the 30 minutes and 4 hour timeframe, which is my personal preference for scalping trades on lower timeframes (eg. 1min, 5 min, 10 min, 15 min). While the dual Supertrend lines offer valuable insights, a chart can become cluttered when combined with other indicators. Therefore, traders have the option to toggle on or off the display of the Supertrends. This ensures that you have the flexibility to maintain a clean chart view while still benefiting from the insights the tool provides at the bottom of the chart.
A Note on Usage
It's essential to highlight that the Double Supertrend HTF Filter is for educational purposes. While it offers a unique perspective on market trends and can be a valuable addition to a trader's toolkit, it's merely an example of how one can use the Supertrend as a filter. Always conduct thorough research and consider your trading strategy before making any decisions.
If you have any comments or ideas how to combine this filter with other indicators feel free to leave a comment.
Variation from Opening📈 Purpose: This script provides traders with a clear visualization of the percentage variation from the opening price for two major futures contracts: ES1! (S&P 500 futures) and NQ1! (Nasdaq 100 futures).
🔑 Key Features:
Real-Time Price Retrieval: Fetches the latest opening prices for ES1! and NQ1! contracts.
Percentage Variation Computation: Determines the percentage change from the opening price, offering traders an immediate view of market dynamics.
Clear Visualization: Plots the percentage variation for both contracts in distinct colors (red for ES1! and blue for NQ1!) for easy differentiation.
💡 Benefits:
Informed Trading: Understand intraday price movements to make better trading decisions.
Versatility: While tailored for ES1! and NQ1!, the script can be adapted for other securities.
Clean Display: A focused, clutter-free chart ensures traders can quickly gauge market movements.
🎯 Ideal For: Traders looking to monitor intraday price shifts of major futures contracts.
Equip yourself with the "Variation from Opening" script and enhance your trading insights!
Bolton-Tremblay IndexThe Bolton-Tremblay Index (BOLTR) is a dynamic cumulative advance-decline indicator which incorporates the count of unchanged issues as a fundamental element. This index serves as a valuable tool for identifying shifts in market trends and gauging the overall strength or weakness of the market. To enhance its effectiveness and reveal underlying trends, BOLTR has been refined through a Heiken-Ashi transformation, resulting in a smoother and more insightful representation.
Calculation and Methodology:
r = (adv - dec) / unch
var float bt = na
bt := r > 0 ? nz(bt ) + math.sqrt(math.abs(r)) : nz(bt ) - math.sqrt(math.abs(r))
The BOLTR index is derived from a calculation involving three essential components: advancing issues (ADV), declining issues (DEC), and securities with unchanged closing prices (UNC). By formulating the ratio (ADV - DEC) / UNC, BOLTR captures the relationship between market movements and unchanged securities. This ratio then dictates whether the BOLTR index increases or decreases in the following period. If the ratio is positive, the index advances, and if negative, it retreats. This iterative process yields a cumulative index that reflects the evolving dynamics of market trends.
Heiken-Ashi Transformation:
The addition of a Heiken-Ashi transformation imparts a smoothing effect to the BOLTR index, revealing the underlying trend with greater clarity. This transformation diminishes noise and fluctuations, making it easier to identify meaningful shifts in market sentiment and overall market health.
Utility and Use Cases:
-The Bolton-Tremblay Index offers a range of applications that contribute to informed decision-making-
1. Trend Analysis: BOLTR provides insights into the changing trends of the market, helping traders and investors identify potential shifts in market sentiment.
2. Market Strength Assessment: By considering advancing, declining, and unchanged issues, BOLTR offers a comprehensive assessment of market strength and potential weaknesses.
3. Divergences: Traders can use BOLTR to detect divergences between price movements and the cumulative advance-decline dynamics, potentially signaling shifts in market direction.
The Bolton-Tremblay Index offers a versatile toolset for interpreting market trends, evaluating market health, and making better informed trading decisions.
See Also:
- Other Market Breadth Indicators-
Spot lineSpot line serves the same purpose as the built-in "Compare or Add Symbol" feature, except it automatically switches symbols. It will try to find the spot version of whatever perpetual (.P) you're viewing on Binance, Coinbase, then KuCoin.
Source (O/H/L/C) is configurable in settings.
Each exchange is distinguishable by color.
PDHL levels with INTRADAY Auto FIBThe present script includes Previous day High/low levels and once the PDH or PDL breaks the present bar's background changes color according to the direction of price breakout.
It's helpful when working on lower timeframe charts with small screen space, so that the user can know that the PDHL has been taken out in one glance at the chart instead of scrolling all around to find out whether the PDH or PDL are broken or not.
The high and low of day before yesterday are also plotted for reference.
The intraday fib levels get drawn taking present day's high and low into account, useful to mark support/retest levels.
The color of the intraday AUTO FIB high and low lines also change from gray to respective assigned colors once the present day price crosses PDH or PDL this is helpful while viewing charts on mobile app.
Disclaimer: Only for studying price movement ideas, trading is not advised.
Combined Stock Session Percent Change MonitorIntroducing the "Combined Stock Session Percent Change Monitor" - a unique tool tailored for traders who wish to track the collective performance of up to five stocks in real-time during a trading session.
Key Features:
User Customization: Easily input and monitor any five stock symbols of your choice. By default, the script tracks "AAPL", "MSFT", "AMZN", "TSLA", and "NVDA".
Session-Based Tracking: The script captures and calculates the percentage change from the start of a trading session, set at 15:30. This allows traders to gauge intraday performance.
Visual Clarity: The combined percentage change is plotted as columns, with green indicating a positive change and red indicating a negative change. This provides a clear, visual representation of the stocks' collective performance.
Versatility: Whether you're tracking the performance of stocks in a specific sector, or you're keeping an eye on your personal portfolio's top holdings, this tool offers a concise view of collective stock movement.
Usage:
Simply input the desired stock symbols and let the script do the rest. The plotted columns will provide a quick snapshot of how these stocks are performing collectively since the session's start.
Conclusion:
Stay ahead of the market by monitoring the combined performance of your chosen stocks. Whether you're an intraday trader or a long-term investor, this tool offers valuable insights into collective stock behavior. Happy trading!
(Note: Always conduct your own research and due diligence before making any trading decisions. This tool is meant to aid in analysis and not to serve as financial advice.)
Realized Profit & Loss [BigBeluga]The Realized Loss & Profit indicator aims to find potential dips and tops in price by utilizing the security function syminfo.basecurrency + "_LOSSESADDRESSES".
The primary objective of this indicator is to present an average, favorable buying/selling opportunity based on the number of people currently in profit or loss.
The script takes into consideration the syminfo.basecurrency, so it should automatically adapt to the current coin.
🔶 USAGE
Users have the option to enable the display of either Loss or Profit, depending on their preferred visualization.
Examples of displaying Losses:
Example of displaying Profits:
🔶 CONCEPTS
The concept aims to assign a score to the data in the ticker representing the realized losses. This score will provide users with an average of buying/selling points that are better to the typical investor.
🔶 SETTINGS
Users have complete control over the script settings.
🔹 Calculation
• Profit: Display people in profit on an average of the selected length.
• Loss: Display people in loss on an average of the selected length.
🔹 Candle coloring
• True: Color the candle when data is above the threshold.
• False: Do not color the candle.
🔹 Levels
- Set the level of a specific threshold.
• Low: Low losses (green).
• Normal: Low normal (yellow).
• Medium: Low medium (orange).
• High: Low high (red).
🔹 Z-score Length: Length of the z-score moving window.
🔹 Threshold: Filter out non-significant values.
🔹 Histogram width: Width of the histogram.
🔹 Colors: Modify the colors of the displayed data.
🔶 LIMITATIONS
• Since the ticker from which we obtain data works only on the daily timeframe, we are
restricted to displaying data solely from the 1D timeframe.
• If the coin does not have any realized loss data, we can't use this script.
ATR + Momentum Shifts w/Take ProfitThis script is a technical analysis indicator designed to assist in identifying potential entry points and setting take profit levels in trading. It combines the Average True Range (ATR) indicator, momentum shifts, and customizable take profit levels to provide insights into potential market movements.
Differences from Currently Published Ones:
This script is unique due to its use of a combination of elements:
ATR and Momentum: The script combines the ATR indicator to provide dynamic support and resistance levels with the momentum indicator to identify shifts in the underlying momentum.
Customizable Take Profit Levels: It offers the ability to set take profit levels based on customizable multipliers of the ATR, helping traders manage potential profits.
How to Use:
ATR Bands: The script plots upper and lower ATR bands as potential dynamic support and resistance levels.
Shift Arrows: Arrows are plotted below bars for potential long entry opportunities (green triangle) and above bars for potential short entry opportunities (yellow triangle).
Take Profit Levels: The script also plots take profit levels both above and below the source price based on the ATR multipliers set in the inputs.
Markets and Conditions:
This script can be used across various financial markets, including stocks, forex, commodities, and cryptocurrencies. It's most effective in trending markets where momentum shifts can signal potential reversals or continuation of trends. Traders should consider the following conditions:
Trend Confirmation: Look for momentum shifts in the direction of the prevailing trend for higher probability setups.
Volatility: Higher volatility can amplify ATR movements and subsequently affect the placement of ATR bands and take profit levels.
Risk Management: Always implement proper risk management strategies to protect your capital.
Additional Considerations:
Customization: Traders can adjust input parameters like ATR length, momentum length, and take profit multipliers to match their trading style and market conditions.
Combining with Other Indicators: Consider using this indicator in conjunction with other technical indicators or chart patterns for confirmation.
Magic Trend By Market Mindset - Zero To EndlessMagic Trend indicator is an indicator combining the Commodity Channel Index (CCI) and the Average True Range (ATR) indicators.
The indicator is represented by a line that turns red when CCI readings are below 0 and converts to blue when CCI reaches above 0.
Color of the line can be treated as a trend indicator.
When CCI > 0 (Blue Color), price is assumed to be in uptrend and a buying momentum could be seen.
When CCI < 0 (Red Color), price is assumed to be in downtrend and a selling pressure could be seen.
Two Multipliers of ATR have been used. Default values for multiploier are : 1.5 and 3.0
It tells about the volatality in the price and also helps in deciding Entry poits, Stop loss points and sometimes Exit points.
If trend magic lines are not straight and moving upward/downward, continuition of the trend is expected and so Holding the position is adviced.
If the farther line (line with multiplier 3.0) is broken, a trend reversal can be seen soon.
In this case, squaring off and making reverse position is adviced near the other (1.5 mult) line.
If price is revolving in between these two lines... a sideways movement is expected.
Happy Trading
Market Mindset
SPDR TrackerMonitor all SPDR Index Funds in one location! The purpose of this indicator is to review which sectors are trend up vs down to better manage risk against SPY, other funds and/or individual stocks.
With this indicator it may become more apparent which sectors to begin investment in that are at lows compared to others, or use it to determine which stocks may be undervalued or overvalued against SPY.
There is a small table at the bottom where each fund symbol is presented along with it's mode value, last period change as well as last period volume - there's a tooltip that shows the description for each symbol for a quick reminder.
Review the configuration pane where:
Individual funds can have their visibility toggled
Change funds colors
Adjust display mode for each fund (SMA, EMA, VWMA, BBW, Change, ATR, VWAP - many more!)
Some presentation modes may look better on some timeframes vs others, adjust lengths and use anchor point for VWAP.
Future updates may bring about new features, I have some code organization and refactoring to do but wanted to share the idea anyways.
Feel free to drop any suggestions for feature enhancement and I hope it brings success to many, enjoy.
ICT Daily Bias Finder [DTCC]What is This?
The ICT Daily Bias Finder uses a method called "DTCC" to identify the London and New York session's bias, bullish or bearish. This indicator should only be relied on for 5 minute, and not other timeframes.
How do I use it?
Look at the previous days two boxes (labeled DTCC Bear/DTCC Bull), if both are bullish or both are bearish it is NOT recommended to rely on DTCC for that day. If the first one is bullish and second one is bearish, the DTCC for the next day says that London session will turn ABOVE midnight opening price, while New York will turn UNDER midnight opening price (longs in London, shorts in New York). If the second one is bearish and the first is bullish, the DTCC for the next day says that London session will turn UNDER midnight opening price, while New York will turn ABOVE midnight opening price (shorts in London, longs in New York)
Emoji guide to DTCC indicator:
🟢🟢: Don't trust DTCC for that day
🔴🔴: Don't trust DTCC for that day
🟢🔴: Longs in London above Midnight Opening Price, Shorts in New York under Midnight Opening Price
🔴🟢: Shorts in London under Midnight Opening Price, Longs in New York under Midnight Opening Price
Reminder: NEVER rely solely on DTCC, DTCC can be wrong and is not right 100% of times.
Liquidation Ranges + Volume/OI Dots [Kioseff Trading]Hello!
Introducing a multi-faceted indicator "Liquidation Ranges + Volume Dots" - this indicator replicates the volume dot tools found on various charting platforms and populates a liquidation range on crypto assets!
Features
Volume/OI dots populated according to user settings
Size of volume/OI dots corresponds to degree of abnormality
Naked level volume dots
Fixed range capabilities for volume/OI dots
Visible time range capabilities for volume/OI dots
Lower timeframe data used to discover iceberg orders (estimated using 1-minute data)
S/R lines drawn at high volume/OI areas
Liquidation ranges for crypto assets (10x - 100x)
Liquidation ranges are calculated using a popular crypto exchange's method
# of violations of liquidation ranges are recorded and presented in table
Pertinent high volume/OI price areas are recorded and presented in table
Personalized coloring for volume/OI dots
Net shorts / net long for the price range recorded
Lines shows reflecting net short & net long increases/decreases
Configurable volume/OI heatmap (displayed between liquidation ranges)
And some more (:
Liquidation Range
The liquidation range component of the indicator uses a popular crypto exchange's calculation (for liquidation ranges) to populate the chart for where 10x - 100x leverage orders are stopped out.
The image above depicts features corresponding to net shorts and net longs.
The image above shows features corresponding to liquidation zones for the underlying coin.
The image above shows the option to display volume/oi delta at the time the corresponding grid was traded at.
The image above shows an instance of using the "fixed range" feature for the script.
*The average price of the range is calculated to project liquidation zones.
*Heatmap is calculated using OI (or volume) delta.
Huge thank you to Pine Wizard @DonovanWall for his range filter code!
Price ranges are automatically detected using his calculation (:
Volume / OI Dots
Similar to other charting platforms, the volume/OI dots component of the indicator distinguishes "abnormal" changes in volume/OI; the detected price area is subsequently identified on the chart.
The detection method uses percent rank and calculates on the last bar of the chart. The "agelessness" of detection is contingent on user settings.
The image above shows volume dots in action; the size of each volume dot corresponds to the amount of volume at the price area.
Smaller dots = lower volume
Larger dots = higher volume
The image above exemplifies the highest aggression setting for volume/OI dot detection.
The table oriented top-right shows the highest volume areas (discovered on the 1-minute chart) for the calculated period.
The open interest change and corresponding price level are also shown. Results are listed in descending order but can also be listed in order of occurrence (most relevant).
Additionally, you can use the visible time range feature to detect volume dots.
The feature shows and explains how the visible range feature works. You select how many levels you want to detect and the script will detect the selected number of levels.
For instance, if I select to show 20 levels, the script will find the 20 highest volume/OI change price areas and distinguish them.
The image above shows a narrower price range.
The image above shows the same price range; however, the script is detecting the highest OI change price areas instead of volume.
* You can also set a fixed range with this feature
* Naked levels can be used
Additionally, you can select for the script to show only the highest volume/ OI change price area for each bar. When active, the script will successively identify the highest volume / OI change price area for the most recent bars.
Naked Levels
The image above shows and explains how naked levels can be detected when using the script.
And that's pretty much it!
Of course, there're a few more features you can check out when you use the script that haven't been explained here (:
Thank you again to @DonovanWall
Thank you to @Trendoscope for his binary insertion sort library (:
Thank you to @PineCoders for their time library
Thank you for checking this out!
Historic Volume/Market ProfilesHistoric Volume/Market Profile is a Periodic Volume Profile with all of the improvements known in the original Volume/Market Profile.
VMP is a 2 in 1 Volume and Market Profile Indicator.
HVMP uses the base of VMP to offer a quick and simple view at multiple historic profiles at the same time.
This includes:
Cluster Identification for High Volume and Low Volume Areas.
Maximizing granularity by utilizing boxes and lines to get up to 1000 rows.
New Inclusions in HVMP vs VMP:
HVMP granularity is determined by the # of profiles on display. By doing this, each profile will get an even amount of allocated rows to use and granularity is scaled per-profile, to fit within the row allowance.
For Example: 1000/(# of profiles) = Maximum # of rows per profile.
HVMP introduces the "Auto-Scale" Option (on by Default), this automatically fits each profile within the defined timeframe period to provide a consistent display when switching timeframes.
Even with "Auto-Scale" enabled, "Display Size" dictates which direction the profile is displayed.
Below is a Negative Display Size (Displays from right to left, starting at the end of the period)
Below is a Positive Display Size (Displays from left to right, starting at the beginning of the period)
HVMP is only for historical data, you can get a live profile with the same Node Identification using VMP (Volume Market/Profile). The indicator that this one is based on.
Find it Here: Volume/Market Profile
Enjoy!
