PrimeTrading ExposureThis indicator helps traders staying on the right side of the market and increasing their portfolio exposure as the market health improves.
Nothing kills more accounts than trying to pick a bottom by loading positions below all kma’s. What if the market rollover? Then you take a major hit on your p&l.
The goal is to increase your maximum allowable exposure as the market confirms his way above key moving averages (kma’s).
Market based maximum exposure PT rules:
■ Price < 50dma & Price > 5dma = 20%
■ Price < 50dma & Price > 21dma = 40%
■ Price > 50dma = 60%
■ Price > 50dma & Price > 21dma = 80%
■ Price > 50dma & Price > 21dma & Price > 10dma = 100%
Features
■ You can select the indices reference you prefer to calculate the max exposure ( IWM , QQQ , SPY )
■ You can see the price extension for kma’s (5,10,21,50 dma)
■ Use the current symbol or lock on your preferred reference indices
Market
SRT Indicator script based on Knowledge sharing by NKIn a year, there are 248/ 252 trading days .
Half of this is 124. Even 125/ 126 can be taken.
For Ex: We get SRT value by dividing the Nifty Spot with 124 SMA value applied on Nifty in a Day Chart.
This value Travels between 0.6 ( Bottom) to 1.38/1.4/1.45/1.5 ( Top).
Ideal Entry in stock will be at 0.6, which is very rare. You tend to buy at 0.7/0.8/0.9/1.10.
Exit from stock will be at 1.5.
However, generally, we get a value of 0.8/0.9 and we should start investing 20 % at a time. For every 0.1 declines, we should add 20 % to the stock portfolio.
Start Booking Profit if the SRT value is above 1.35 & book 50 % of the portfolio when SRT value is 1.45.
For Traders, as when SRT value comes to 0.8/ 0.9. Buy when HM comes in a buy in Monthly Time Frame.
SRT moves between 0.6 to 1.5 and which is a very reliable parameter for Investing.
Best time to invest in NIFTY is when SRT is between 0.6 to 0.9, NIFTY returned 2X, 3X or even more in less than a year.
Make sure Hilega Milega on Monthly Time frame is BUY before investing at these levels
Invest in batches, 30% of your capital when SRT is 0.9 and repeat every 0.1 downside
Magma MomentumThis is a simple and easy-to-read momentum indicator that can help you identify divergences and shifts in momentum.
A divergence is when price moves in one direction but the indicator moves in the opposite direction. This typically is a sign of price exhaustion and can indicate that price is about to reverse, at least momentarily.
Here is a comparison with RSI (relative strength index) and some examples of divergences.
Enjoy.
Sessions & ICT Killzones (0xCryptoVince)Sessions and ICT Killzones
All in one session and killzone script for FX or Crypto markets. It includes London, New York and Asia Sessions and Killzones.
Features
Uses UTC timezone so no timezone correction needed
Includes London, New York and Asia sessions
Includes ICT killzones
Optionally include weekends for session or killzone separately
Customize line style, width and color
Customize colors for sessions and killzones
Session highs/lows displayed on chart as a line or a box
Killzones displayed on top or bottom
Advance/Decline Line [IQ]Advance/Decline Line is a Market Breath indicator.
A/D line calculates a ratio between total number stocks advancing and total number of stocks in one day, providing another way to grasp the market breath at any moment.
We think the indicator covers the whole market, as we use data from the three main exchanges: NYSE, NASDAQ and AMEX.
The New York Stock Exchange (NYSE), nicknamed "The Big Board") is by far the world's largest stock exchange by market capitalization of its listed companies.
The Nasdaq Stock Market (NASDAQ) is ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange.
The American Stock Exchange (AMEX) is the third largest stock exchange in the U.S. after the NYSE and the NASDAQ, and handles approximately 10% of all American trades.
How to interpret it:
Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside) and is market by a white bar (as signal).
Important:
For a better interpretation, the Advance/Decline Line indicator should be used in conjunction with other indicators (volatility, volume, etc.).
Market Bias (CEREBR)Hello Everyone. I hope you are all doing great. It's been a long time since I posted my first script here, and I got a lot of response from that.
So, I thought I should share this script also to everyone, and anyone that may find it useful. Personally, I use it to tell the general market conditions.
Here's how I works : The script tries to determine the overall direction of the market, using smoothed Heiken Ashi candles. The coloring system (using bright and dark colors) is an attempt to detect strong market and weak market conditions. There's also an oscillator within the script, but for now it isn't plotted. Credits to @jackvmk, I used part of his open-script code in this indicator.\
I have considered using the slope of the indicator plot as a filter for ranging market conditions. The plot goes relatively flat in 'flat' markets. However, I have not done anything about that yet. Maybe some other time.
I hope you find this useful. If you find a way to use this, please share it with the community in the comment section.
NOTE: THIS IS BY NO MEANS FINANCIAL ADVICE. You'll have to make your studies and come up with a way to apply this indicator to your trading style and strategy.
By the way, I would be going with the name 'CEREBR' for any subsequent scripts I release from now on.
Happy Trading, guys.
4C NYSE Market Breadth RatioThe NYSE Market Breadth Ratio is considered by some to be the “king” of market internals. It lets you know instantly how strong current buying or selling pressure is in the broad market, to eliminate guessing or opinion.
This indicator plots the Market Breadth Ratio values for the NYSE and the NASD exchanges in real time.
It also plots the NYSE Market Breadth Ratio in a histogram plot for visual reference.
The indicator dynamically changes colors between green and red depending on whether breadth is currently positive or negative.
This indicator divides the 'Up-Volume' ("UVOL") by 'Down-Volume' ("DVOL"), for each exchange.
It can be added to any chart, but is incredibly useful when added to other sources of market internals like the NYSE Advancers/Decliners Difference (ticker ADD) or with the NYSE UVOL / DVOL Difference (ticker VOLD ).
Credit goes to author=@auron9000 as the bulk of this code was from their Breadth Ratio Bubbles indicator.
---> The changes made to their indicator include: bug fixes where the values werent properly updating; fixed indicator to be a separate plot (not chart overlay), and added the histogram plot.
Session TPO Market ProfileIntroduction
Wikipedia: A Market Profile is an intra-day charting technique (price vertical, time/activity horizontal) devised by J. Peter Steidlmayer, a trader at the Chicago Board of Trade (CBOT), ca 1959-1985. Steidlmayer was seeking a way to determine and to evaluate market value as it developed in the day time frame. The concept was to display price on a vertical axis against time on the horizontal, and the ensuing graphic generally is a bell shape--fatter at the middle prices, with activity trailing off and volume diminished at the extreme higher and lower prices. In this structure he recognized the 'normal', Gaussian distribution he had been introduced to in college statistics.
Important : The market profile tool is designed to be used on the 30min timeframe, however, you can modify its parameters and use it on lower timeframes (15/10/5min)
This indicators displays the following information
Session open
TPO
Value area calculation zone
POC
Highlight of Single prints
Session High/Low
The current price (TPO Profile is often used isolated without any candlesticks on it)
Parameters
Session beginning configuration (not coded with a session input yet)
Number of candles to use for calculation (default 13 for a single session)
Extend yesterday's levels (VAH/VAL/POC)
Show/Hide Market profile calculation area (background color)
Bars number (number of rows that will be used to draw the profile)
Show/Hide TPO's
TPO Colors customization (For in/out of VA, VAL/VAH/POC/High/Low levels and single prints)
Show/Hide High/Low levels
Show/Hide VAL/VAH/POC Levels as lines
Enable/Disable Single prints highlighting
Value area size (as percent)
Show/Hide current price (corresponding to a line scaled on the "close" price)
Additional Notes
Each session is drawn when the day is over
To use as much space as possible, TPO's are not directly drawn on the area of their calculation (which can be confusing if you use candlesticks directly over it)
This script will probably be updated in the future (especially concerning its implementation which is a bit spaghetti coded for now) .
If you have interesting suggestions about new features that are usual within market profile tools and missing from this script , don't hesitate to suggest it.
NASDAQ Advance/Decline Line 1.0NASDAQ Advance/Decline Line is a Market Breath indicator.
Brought to you by IQ-trading (Andrei Bogdan) via Trading View Pine script. If you find this helpful in anyway, please leave a like!
A/D line calculates a ratio between total number of NASDAQ stocks advancing and total number of NASDAQ stocks in one day, providing another way to grasp the market breath at any moment.A
Green columns mean more than 50% of NASDAQ stocks are advancing, red columns mean more than 50% of NASDAQ stocks are declining.
Green values above the top band mean correlation to the upside, red values bellow the low band mean correlation to the downside.
Correlation means rising probability of capitulation (to the upside or to the downside).
For a better interpretation, NASDAQ Advance/Decline Line should be used in conjunction with other indicators (volatility, volume, etc.).
--------------------
NASDAQ here refers to the totality of assets listed on the NASDAQ exchange, not to the Nasdaq Composite index or the Nasdaq100 index.
NASDAQ is the second-largest stock exchange on earth, and operates the two major stock indexes based on companies that trade on its exchange: the Nasdaq Composite and the Nasdaq 100.
The Nasdaq Composite tracks the performance of more than 3,000 stocks listed on the Nasdaq while the Nasdaq 100 captures the performance of the exchange’s largest non-financial companies.
Market Profile Fixed ViewSome instruments does not provide any volume information, therefore, as a fixed volume profile user, I needed a fixed market profile indicator to use the same principles, regardless of whether the volumes are available or not.
This script draws a market profile histogram corresponding to price variations within a specific duration, you only need to specify Start and End date/time values to see the histogram on your chart.
Details
Two lines corresponding to highest/lowest prices are displayed around the histogram
The redline corresponds to the POC (point of control)
Options
Start calculation
End calculation
Bars number (histogram resolution, currently locked to a max value of 50 bars)
Display side/Width (allows to modify size of bars, to the left or to the right)
Bars/Borders/POC Color customization
Notes
This script will probably be updated (to add VAH/VAL zones, and maybe other options). However, some common market profile attributes have not been implemented yet since I don't really use them)
Market Profile Visible RangeSup TV, 2 important points .
1) surprisingly, it's the first MP Visible Range script on TV;
2) This one doesn't use any bagging/binning*, instead each row represents the time spent on the actual minimal price steps (aka ticks).
The script will be further extended with usual market profile related functionally in future updates. At this point we have:
- Profile itself (each row represents how many bars touch the given price);
- Mode of the profile (called POC)**;
* Still it will be introduced in future when I will find / design the proper aggregating technique. It is vital for processing very wide price ranges (for example, 500 days on ES futures).
** The script correctly calculates POC by finding all the modes in the data & choosing the closest one to data's midrange.
For this kind of technical instrument finally it was more convenient to use Pine Script 5 (btw it's my first Pine 5).
Basically this script is a side-effect of another R&D I'm doing, the stuff is useful tho so let's go.
By choosing length we both specify the amount of data to be processed & the profile's location screen-wise. It's pretty cool and & useful, on my screen it's always almost touching the left side and still always visible.
The code is heavily commented in order to be understood fast, nothing fantastic, just a lil patience required this time.
Rationale
Market & volume profiles are well known concepts, lotta info available, the most important point of all that is that MP is just another way of visualizing data that lets you notice things you don't usually notice on sequential charts. From my side I can only add that it's better to use your own brain for thinking and reconsidering using volume profile in all the cases, especially on decentralized markets (unless you're aggregating ALL the volume data from everywhere, including options, OTC etc).
Here is it, for you
Market SniperWelcome to Market Sniper!
This indicator attempts to catch market tops and bottoms based on the market being extremely extended in its respectful direction. It combines a Triple Stochastic RSI as well as MACD convergences to strengthen the signal. A standard RSI can also be shown if needed.
Highlighted green means that you are moving towards a potential bottom.
Highlighted red means that you are moving towards a potential top.
An arrow will signify that the direction of momentum has changed.
If you see the same colored bar below the highlighted area, price is converging; strengthening the original signal.
This indicator is extremely user-configurable. Just take a look at the settings as they are self explanatory.
[TTI] Net New Highs / Lows––––History & Credit
There are multiple methodologies that use Net New Highs for the NASDAQ or NYSE as a market direction indicator. Recently, I saw Matt Caruso to also apply such methodology, so I decided to code this indicator.
–––––What it does
👉 Plots a Net Change histogram. This shows New Highs - New Lows, if the histogram is above 0 this means there are more highs than lows
👉 Plots Background colouring. This is dependant on the sensitivity setting of the indicator. We would require a few days of downward action before concluding a downward action. Sensitivity can be adjusted in the menu
👉 Bot the Histogram and the Background colouring can be turned on and off (as per screenshot example)
–––––How to use it
You can use it to validate if the market conditions are ripe for entering a trade. For instance if you trade long, you would want to confirm with the indicator that general market is facilitating moves to the upside. IBD have mentioned more than once that a stock move is 50% due to the general market move.
Market Sessions (including extended hours) by Anche█ MARKET SESSIONS BY ANCHE
this script allows you to define up to 4 different sessions and plot those on your chart. It makes it easy to see when these sessions started and ended and what the price level is when the session opened. It's for example beneficial to see when sessions overlap, because at those times there might be more volume , because more people are active within a market.
█ CONCEPTS
• plotting these sessions onto a chart can help you see overlap of 2 or more sessions. An overlap means more market participants, which can hint to an increase in volume .
• when the indicator shows all historic sessions, you can spot certain trends, for example that an asian market is generally more bearish and EU more bullish , or vice versa.
█ FEATURES
• up to 4 sessions
• customisable session labels
• customisable session times
• extended hours (on/off)
• timezone sync
• show past sessions
█ VISUAL FEATURES
• session plotted by top + bottom line or a box
• show session open
• customisable colors per session
• customisable lines (width/style/color)
• different visual settings for extended hours
• customisable label sizes
Crypto Spot Market Bot | BacktestHello Friends.
This script is only for long positions.
How does the algorithm work ?
The Relative Momentum Index
Relative Strength İndex
Average Directional Movement İndex
Momentum
When rsi and adx produce signals in the same direction, the rmi indicator confirms the signal. After the Confirmed Signal, the buy-side transaction is entered , the closed according to the % of profit taking and stoploss specified on the algorithm in the entered transaction.
In the spot market, it is possible to make money even in a down trend
All shared charts run within a 1-hour time frame.
Note : The shared backtest results have been shared as of 9/9/2021 by calculating 50% balance and 2 pyramiding methods in an account of 1000 dollars. Keep in mind that this algorithm will want to try to average down in possible worst-case scenarios. 2% - %3take profit levels will provide consecutive gains in the spot market.
How should the adjustments be made?
Value variables should be made according to formula a and formula b values and backtest results. You can increase the frequency of transactions by lowering the adx and rsi values.
Overview :
Modified Mannarino Market Risk IndicatorThis indicator is meant to give an overall indication of risk and a very basic implementation of the modified mannarino market risk indicator. I take no credit for the original formula, and just decided to hack this together so that it could be useful to the community
Moving Average Suite + VWAP + TICKThis indicator combines some of the commonly used moving averages, VWAP, and TICK sentiment, all of which are useful for all types of trading
By default, this indicator includes:
- 21/50/100/200 period smoothed simple moving average
- great for determining trends
- also act as support / resistance line for price
- 9 period exponential moving average
- fast trend / direction indicator
- Volume Weighted Average Price
- no explanation required
- $TICK sentiment as background fill
- overall market sentiment and direction
- +/- 500 levels are colored green/red and are usually indication of institutional order flow --> critical for trading indexes such as SPY or QQQ
- deep green/red background indicates +/-1000 on the $TICK, which are usually associated with overbought or oversold
MTF Market Structure Highs and LowsThe indicator marks the last fractal highs and lows (W,D,4H and 1H options) to help determine current market structure. The script was created to help with directional bias but also as a MTF visual aid for stop hunts/liquidity raids.
Liquidity areas are where we assume trader's stop losses would be when buying or selling. Liquidity lies above and below swing points and institutions need liquidity to fill large orders.
Monitor price action as it hits these areas for a potential reversal trade.
Market System Quality Number (Market SQN)––––History & Credit
Developed by Dr. Van Tharp, SQN it is the ratio between the R-expectancy and its standard deviation, multiplied by the square root of the number of trades.
Here is an extract of Dr.Tharp's blog post:
Importance of Market Type
Basically, my definition of a bull market is one that’s going up. A neutral (or sideways) market is one that moves sideways in a range — or perhaps a bigger range if volatile. And a bear market goes down.
Market type has no predictive value, it is just descriptive. In other words, you never will know how long it is going to last. But you don’t need prediction to make money. You just need wins that are bigger or more numerous than your losses which need to be smaller or fewer.
In addition, you can learn a lot about what works and what doesn’t work when you use a particular market type that fits your time frame and how you want to trade. That concept is extremely important because two key Tharp Think principles are:
It’s easy to design a good system that works well in any one market type and
It’s insane to expect that same system to work well in all market types.
In fact, I have recently focused our Systems Development workshop upon the principle of creating trading systems for particular market types.
–––––How to use it
If you are a directional, momentum trader, the Market SQN can give you an unbaised measure of wether you are in an uptrend, sideways or downtrending market.
Color legend
Lime = Super Bullish trend
Green = Bullish trend
Cyan = Neutral trend
Dark Red = Bearish trend
Red = Super Bearish trend
Sessions & Days Of The WeekTraders tend to focus their energy on specific sessions or time periods. This indicator will plot the days of the week, and also highlight the following sessions: Frankfurt (2:00am - 11:00am EST), London (3:00am - 12:00pm EST), New York (8:00am - 5:00pm EST), Sydney (5:00pm - 2:00am EST), Tokyo (7:00pm - 4:00am EST).
It’s important to be aware that Session Open and Close times will vary based on the time of year, as countries shift over to daylight savings time.
Argo IV - EXPERIMENTAL strategy for 3commas with alertsThis strategy lets users create BUY/SELL alerts for 3commas single bots in a simple way, based on a built in set of indicators that can be tweaked to work together or separately through the study settings. Indicators include Bollinger Bands , Williams %R , RSI , EMA , SMA , Market Cipher, Inverse Fisher Transform, RSI divergence.
It is based on the ARGO I study ( here ), with the following major differences:
- It uses pyramiding (see strategy "properties")
- It includes a lot of new options for deal start/close conditions for maximum control
- It doesn't require any external tool to backtest.
If the user choses to create both BUY and SELL signals from the study settings, the alert created will send both BUY and SELL signals for the selected pair. Note the script will only send alerts for the pair selected in the study settings, not for the current chart (if different).
Important : it is only an early experiment, I will only release the script when satisfied with performance. Until then, I advise not to use this for any real trading.
How to use:
- Add the script to the current chart
- Open the strategy settings , insert bot details. Pairs MUST be in capital letters or 3commas will not recognize them.
- Still in the settings, tweak the deal start/close conditions from various indicators until happy. The strategy will plot the entry / exit points on the chart
- When happy, right click on the "..." next to the study name, then "Add alert'".
- Under "Condition", on the second line, chose "Any alert () function call". Add the webhook from 3commas, give it a name, and "create".
Market StructureMarket Structure indicator is designed for lightning-fast understanding of market conditions. It works very simply.
White bars signal a bullish market structure.
Black bars signal a bearish market structure.
It is possible to construct an independent trading strategy based on this indicator, starting from pivots:
HH - Higher High
LL - Lower Low
HL - Higher Low
LH - Lower High
As well as to combine this indicator with anything else. Margin zones, trading on breakout of important pivots, wave analysis and any other strategy you use.
Great for beginners, for easy understanding of market conditions.
Enjoy!
