SMART4TRADER - Bill Williams Market Facilitation IndexThis indicator is written by 🔴 correct formula and for the correctness of the data is used by the Security function for the correct data request name from the open schedule, and not as usual with a similar ticker.
1️⃣ volume grows and MFI grows ➖ Green bar occurs when a growing volume and market dynamics. It signals us forward (down or up), that is, the number of transactions in the market is growing and they move the market in one specific side. Usually this bar is useless to enter the market, as the movement is already going, but it is very useful to determine the correctness of our entrance. In other words, if we are already in the market and see "green light" when a market hiking, for example, down, then we can be confident in the correctness of our entrance.
2️⃣ volume decreases and MFI decreases - Fuchsia (pink) ➖ "fading" bar appears in case of falling interest in the market in players, that is, the number of transactions (teak volume) decreases, and the market freezes (motion slows down). In trade, this bar is practically useless, although it often appears on the top of the first wave of Elliot.
3️⃣ volume decreases, and MFI grows - gray ➖ "fake" bar manifests when the activity of the market is growing with a decrease in volumes. This is an ambiguous bar and no sense from him. It is just necessary to understand that the market is moving, despite the decline in the activity of participants.
4️⃣ volume is growing, and MFI is reduced - blue ➖ "squatting" bar, perhaps the most interesting bar, since all movements end in a squatting bar, which may be, but not necessarily at the very bottom (vertex), and maybe near (one two bars). As stated in the book of Bill Williams, all the main trends end with the "squat" bar, which is among one of the three bars in the top or base.
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Этот индикатор написано по 🔴ПРАВИЛЬНОЙ ФОРМУЛЕ🔴 и для корректности данных используется функция SECURITY для правильного запроса данных имено с открытого графика, а не как обычно с похожего тикера.
1️⃣ Объем растет и MFI растет ➖ зеленый бар возникает при растущем объеме и динамике рынка. Он сигнализирует нам движение вперед (вниз или вверх), то есть количество сделок на рынке растет и они двигают рынок в одну определенную сторону. Обычно этот бар бесполезен для входа в рынок, так как движение уже идет, но он очень полезен для определения правильности нашего входа. Иными словами, если мы уже в рынке и видим «зеленый свет» при походе рынка, например, вниз, то мы можем быть уверенным в правильности нашего входа.
2️⃣ Объем снижается и MFI снижается – фуксия (розовый) ➖ «Увядающий» бар появляется в случае падения интереса к рынку у игроков, то есть количество сделок (тиковый объем) уменьшается, и рынок замирает (движение замедляется). В торговле этот бар практически бесполезен, хотя он часто появляется на вершине первой волны Эллиота.
3️⃣ Объем снижается, а MFI растет – серый ➖ «Фальшивый» бар проявляется, когда активность рынка растет при снижении объемов. Это неоднозначный бар и толку от него особо никакого нет. Просто надо понимать, что рынок движется, несмотря на снижение активности участников.
4️⃣ Объем растет, а MFI снижается – синий ➖ «Приседающий» бар, пожалуй, самый интересный бар, так как все движения заканчиваются приседающим баром, который может быть, но не обязательно в самом дне (вершине), а может быть рядом (один-два бара). Как говорится в книге Билла Вильямса, все основные тренды заканчиваются «приседающим» баром, который находится среди одного из трех баров в вершине или основании.
MFI
MTF RSI-MFIThe script plots both RSI and MFI of security, automatically highlights oversold and overbought conditions and allows for calculating indicators on timeframes other than the chart.
CryptoNite - Machine Learning Strategy (15Min Timeframe)Greeting Traders! I am back with another ML strategy. :D I kept my word with combining my machine learning algorithms from Python and integrating them into Tradingview. Thanks to Tradingview's new release of Pinescript v5 it is now possible. This strategy respects the Sortino Ratio and was created using 2 years of data for 50 different cryptocurrencies. That is a total of 100 years of data and 44,849 trades to create this strategy. Now let me tell you, my computer and I are exhausted. We both been at it non-stop for about two months everyday. I refine the strategy, and the computer runs 24/7 for a few days to spit out the best results into the terminal. It's been a good run so my computer will finally get some sleep tonight.
So let's talk a little about the features of the strategy. In the settings window, you'll see the Stoploss, Take Profit Parameters, and Date Range. You can change the Date Range, but I recommend to leave the SL/TP parameters how they are because the machine learning algo chose those input. If you wish to change them you are always welcome to do so but backtest results will change. For the Take Profit parameters you'll see on the left side you something labeled time duration(displayed in minutes) and on the right side you'll see take profit values. Let's talk a little bit how they work.
TP_values = {
"0": 0.102,
"133": 0.051,
"431": 0.039,
"963": 0
}
In python, the table looks like this but it is quite easy to understand in Tradingview.
From 0-133 minutes, the strategy is looking to the reach target point 1 at 10.2% profit.
From 133-431 minutes, the strategy is looking to the reach target point 2 at 5.1% profit.
From 431-963 minutes, the strategy is looking to the reach target point 3 at 3.9% profit.
From 963+ minutes, the strategy is looking to break even at 0% profit on target point 4.
Through each target point a sell trigger is active. It will look for the best time to sell even if TP has not been reached.
This helps the trade not stay open too long.
The last thing I need to mention is the textbox displayed on the right side of your chart. This textbox displays the current Take Profit value in dollar amount. So when you're in a trade you'll know what TP target has to be reached when the open trade is active. Throughout time, the target price changes depending how long the trade has been open. If you have any questions feel free to comment down below, and enjoy this strategy!
Ultimate Bullish Divergence for RSI MFI RVSI OBV w/ Buy SignalsThis strategy is based on the Indicator below and includes all of its features.
This version Includes the Strategy tester and a dynamic SL
The only drawdown of this version is that Alerts are not as customizable
Ultimate Bullish Divergence for RSI OBV RVSI MFI w/ Buy Alerts
Ultimate Bullish Divergence for RSI OBV RVSI MFI w/ Buy AlertsThis Indicator detects Divergence based on multiple Pivot points instead of just one.
- You can detect divergence on these Oscillators:
- RSI, RVSI, MFI, TRIX RSI, OBV and more soon
You can detect bullish and hidden bullish divergence:
- bullish divergence: Oscillator makes a higher low while price is making a lower low
- hidden bullish divergence: Oscillator makes a lower low while price is making a higher low
ranges where it should look for Divergence:
- To reduce false positives you are able to define and combine the following ranges:
- Manual Ranges: you’re able to type in the ranges that you came up with your manual technical analysis
- Auto Fib Ranges: option to only look for divergence below/above/within multiple Fibonacci levels
- Oversold limit: option to only look for divergence below a certain Oscillator Level
- EMA Ranges: Only look for divergence if below/above/within certain EMA's
- VWAP Ranges: option to only look for divergence below/above/within VWAP levels
Multiple options of waiting for confirmation:
- Waiting for X candle closes
- Wait for a price bounce
- Wait for an Oscillator to Oscillator EMA cross
- Wait for EMA cross (coming soon)
MFI Simple StrategyHere I've made a simple strategy based off a simple moving average of an MFI length.
Back tested on a BYBIT:BTCUSDT 30m chart.
Conditions:
---When the price is above the golden SMA of 200 bars---
- Buy: when MFI is moving up
- Sell: when MFI is moving down
- Stop: golden SMA of 200 bars
If you would like alerts:
1.) Add the strategy to your chart,
2.) Go to "Create Alert",
3.) Select "MFI Simple Strategy" in your alert creator,
4.) Select whatever notifications settings or message settings,
5.) Finally, click "Create" and you're good to go.
Disclaimer: Please do your own research before making any decisions financially. Past results do not guarantee future results.
3C Sim SignalThis indicator offers the same deal start conditions available on Backtest script but now as an external signal so you can not only backtest but also set up alerts.
You can use the backtest script to backtest this indicator as an external signal and then once happy with the backtest results send directly tradingview alerts to your own bots on any exchange.
It supports most of the deal start conditions currently available for DCA bots on binance.com for example:
- TV technical ratings: buy, sell, strong buy, strong sell.
- RSI
- MFI
- CCI
- Ultimate Oscilator
- QFL
- min volume filter
Once added to the chart it will plot one when the deal start condition is true and zero when is not.
The conditions can be used in long or short strategy mode.
The biggest advantage compared to using it separately from the DSC already available in the backtest script is that because this is a separated study it will perform faster than the backtest and it resolves repainting issues. This two aspects make these indicator better suited for real time trading while still being able to connect to the backtest as an external indicator therefore still backtestable.
Now you can backtest symbols on any exchange and once your strategy is ready you then can send alerts directly to your bots.
Continuous DivergenceDivergence is generally measured on the RSI and limited to finding either:
1. higher highs on the price and lower highs on the RSI (bearish divergence)
2. lower lows on the price and higher lows on the RSI (bullish divergence)
Continuous Divergence (CD) does two things differently. Firstly, it uses the MFI as its primary source of data, due to its volume component giving it higher accuracy. Secondly, it doesn't measure discrete divergence - i.e. between peaks and troughs - but rather a continuous divergence measurement.
Essentially it is measuring at any given time, the correlation between the price and the MFI. This is smoothed with a moving average (configurable) to get cleaner lines.
CD is used to detect both a slowing down of momentum on the current trend, and a reversal of trend due to changing momentum.
Kifier's MFI/STOCH Hidden Divergence/Trend BeaterMFI/STOCH Hidden Divergence/Trend Beater
General Idea:
My premise around this strategy was to make a general strategy for crypto that would help out with finding entry positions for when you’re bullish on a crypto and want to hold on for a while, and at the same time avoiding massive drops. Essentially a way to mix long term/ swing trading; I somewhat achieved my goal however it still requires a lot of logic tuning of the trend averages.
I’m a huge proponent of volume indicators and coupled with average closing price, I think this gives a really good idea of what is happening with the market. It gives an idea on the market and retail investor sentiment. This generally gives you logical entry positions (Although I don’t know how amazing that will work with all cryptos, there’s a fine line between a good strategy and one that just rides bubble market conditions, some would argue that’s still a success and others not)
How it works:
There are many components to the strategy that try to do different things:
First of all there are two types of entries, a MFI hidden divergence with a STOCH check, essentially it will only fire when a divergence is detected while STOCH is above 50%, however this might be changed in the future as due to the volatile nature of cryptos, the STOCH is not too effective. The second entry is a simple MFI/STOCH trend, if STOCH is above 50% and the trend is detected to be in a trending long, once a MFI crossover over the 50% line is detected an entry is placed, this is designed to get out profit where the divergence would otherwise be less accurate during strongly trending conditions.
-MFI is a great indicator, as a volume weighted momentum indicator I find it the most accurate of all, the STOCH however is a great indicator to get a general picture of simple market conditions and can filter out the emotional noise of retail investors.
-VWMA and an SMA (The bottom oscillator) gives an idea of the trend tacking into account of the volume, this serves as a more short term filter of the trend for filters.
-OBV checks are done between the OBV and an EMA of the OBV, to get the idea of a volume weighted long trend, which is important for crypto as there are massive rallies to go up due to retail greed, it’s great to jump onto it at the beginning, and get off before the stack of cards fall apart.
-ATR is used to detect when the market is relatively just ranging or moving sideways, which is where the hidden divergence entries are done, during predictable and profitable market conditions.
- Stop loss is based on the closest support of the entry, this is a nice medium of room to breath but also an actual stop loss.
Future plans and improvements:
Currently there’s a lot I want to improve, mostly the divergence detection and the overall sharpe ratio could be much better, but the current value of 0.5 gives me hope that the strategy is onto something. I also want to change TP from a percentage stop to something more dynamic but that might be too optimistic. The current plan is to paper trade test this either by manual or by a python bot, to see how it performs with some user input as well.
[MFI] Market Facilitation Index Written by Bruce-JSH
Implemented MFI(Market Facilitation Index) of Buff Dormeier
no license, no copyright.
There are no obligations or restrictions on you no matter how you do this script.
version 2021.07.11.a
1. First public release
2. G => Green(++), D => faDe bar(--), K => faKe bar(-+), S => Squat bar(+-)
Dynamic SMAThis script uses dynamic length to create a different sma type.
The length of the "Dynamic SMA" - "dSMA" can be:
'RSI', 'Stoch', 'ATR', 'MFI' or '%R'
For example 'RSI' -> the length of the sSMA will be the RSI itself
The biggest challenge was:
'Pine cannot determine the referencing length of a series. Try using max_bars_back' error
The writer of 'referencing length of a series' issue gave following solution:
bar_index == 0 ? 4999 : len
or in case of values which don't go above 100:
bar_index == 0 ? 100 : len
This assigns the necessary buffer to the function.
I'm most grateful for the given solution!
These dSMA's can give Support/Resistance levels, also crossovers of different dSMA's can give extra information
Examples:
RSI
ATR (close / atr(len)
Stoch
MFI
%R
"show regular SMA" will show the "SMA" with the same length (with default lighter color)
VWMA with kNN Machine Learning: MFI/ADXThis is an experimental strategy that uses a Volume-weighted MA (VWMA) crossing together with Machine Learning kNN filter that uses ADX and MFI to predict, whether the signal is useful. k-nearest neighbours (kNN) is one of the simplest Machine Learning classification algorithms: it puts input parameters in a multidimensional space, and then when a new set of parameters are given, it makes a prediction based on plurality vote of its k neighbours.
Money Flow Index (MFI) is an oscillator similar to RSI, but with volume taken into account. Average Directional Index (ADX) is an indicator of trend strength. By putting them together on two-dimensional space and checking, whether nearby values have indicated a strong uptrend or downtrend, we hope to filter out bad signals from the MA crossing strategy.
This is an experiment, so any feedback would be appreciated. It was tested on BTC/USDT pair on 5 minute timeframe. I am planning to expand this strategy in the future to include more moving averages and filters.
Chart OscillatorI present you the chart oscillator where an oscillator (Stoch or RSI) is plotted
on the chart itself (instead of below the chart)
It is inspired on an idea of @Kablamicus
Instead of having the lines between 0 and 100, here the '0-100' are
- lowest(low, len)
- highest(high, len)
An overbought/oversold and a middle line is derived from these lines
and the oscillator goes in between.
It resembles very much the 'normal' oscillator, with a few extra's:
- you can see the movement of the candles against the oscillator
- S/R levels of oscillator, 50 line, overbought/oversold line, 0-100 line
Stoch:
RSI:
Also a table is included with the Stoch/RSI values
Cheers!
CCI/MFI/VZO/RSI - HEATMAPHeatmap I made/reverse engineered.
Currently tracks the 4 following oscillators:
- CCI (Channel Commodity Index)
- MFI (Money Flow Index)
- VZO (Volume Zone Oscillator)
- RSI (Relative Strength Index)
Any feedback or suggestions highly appreciated.
/* Inspiration taken from @ByzantineGeneral (TradingView profile: /u/ByzantineGeneral, indicator: /script/keAGdnWO-Byzantium-Oscillator-Heatmap) */
RMIRMI is a combination of RSI and MFI oscillators which considers money flow and strength of supply or demand together.
It estimates that the money of which side is being ran out.
So the power of trends can be predictable approximately.
Where the green columns appear, it means demand is very high and it can fall because buyers may withdraw and sell their assets.
And when red columns appear, it means supply is very high and sellers or new buyers may enter into new deals which may increase the price of a asset.
I would be glad if I hear your feedbacks.
ModestPips RSI + Apirine Slow RSIThis script is composed of 4 elements:
EMA Cross Indicator
Money Flow Indicator Oversold/Overbought
RSI with divergence indicator
Apirine Slow RSI
EMA Cross:
The EMA Cross provides a rough idea of trend direction. The 50 horizontal line will flash green/red depending on the current EMA crossover status.
The EMA values can be changed depending on your preference.
This indicator is not used for entries. It only provides confluence for entries.
Money Flow Indicator:
The money flow indicator will flash green/red in the background when it is oversold/overbought. It could be referred as an early signal before a potential big move.
Not used for entries, just as a warning to get ready for a potential big move.
RSI Indicator:
Typical RSI that shows indicates when divergences are detected
Apirine Slow RSI:
Generates OB/OS signals & midline crossover signals and divergence
Configured with high smoothing to show trends in the markets (This value can be adjusted). When maxed out in either direction, can help to identify strong trends in the market.
Thanks to @Lazybear for providing the code for the slow RSI.
Greed and Fear ScoreHi All,
This is Greed and Fear Score script. The uses of this indicator is to let users know what is the state for each bar closed.
Warren Buffett once said that it is wise for investors to be “fearful when others are greedy, and greedy when others are fearful.
Greed & Fear Score (range from 1 - 5) has taken multiple measurements into consideration such as CCI, MFI, RSI, RVI and William %R.
The range of score is from 1 - 5 indicating weak to strong.
Red/Yellow represents Greed score.
Blue/Light Blue represents Fear score.
The Bull & Bear Transition Score (range from 1 - 10) is to measure how strong power needed to reverse the Greed or Fear State.
It is a powerful tool that incorporates CMF, MFI, CCI, MOMENTUM, OBV, RSI, RVI, WILLIAN %R, PRICE OSCILLATOR and Relative Volume.
How to use Bull & Bear Transition Score?
The higher the Bull & Bear Score, the more likely it will change from one state to another.
How to find BEST opportunity? Here comes the special symbol.
User can choose best fit combination by using filtering.
Dziwne MFI Overlay (with highlight)It is simply your traditional MFI , except that your 50 line became the actual price.
Why and how could it be useful? This indicator helps to spot more easily and efficiently divergences .
You could also use it for trend reversals as you usually do with your 50 line, but I would suggest to set a higher length for the MFI, like 155 or something like that.
GSO + RSI + MACD + MFI + Bollinger BandsThis script uses a Gann Swing Oscillator , RSI , MACD , MFI and Bollinger Bands to generate long and short signals for cryptocurrencies on the 5 minute chart.
The Gann Swing Oscillator was inspired by HPotter's GSO.
This script is for educational purposes only. This script is NOT to be used as financial advice. I will not accept liability for any losses which may occur as a result of using this script.
All in one [Liubam]Hey tradingviewers!
This is an All in one Indicator for those who can't add too many indicators on your charts. Inspired by ©LonesomeTheBlue "Indicators all in one" script. I found a lot of very interesting scripts on the public library and I decided to make a tool with some of the greatest IMO, adding some modifications to improve the indicators. With this tool you can plot 1 of 6 different indicators by selecting it from a drop-down list (on the indicator settings).
All the credit goes to it's respective owners (taggeds).
THIS INDICATOR INCLUDES:
1. Classic RSI with some OB/OS tools:
The relative strength index (RSI) is a popular momentum indicator displayed as an oscillator (a line graph that moves between two extremes) that measures the magnitude of recent price changes to evaluate overbought or oversold conditions, in other words it shows signals about bullish and bearish price momentum. I added some visual improvements to help you finding the OB/OS zones.
2. Classic CCI with some OB/OS tools.
The Commodity Channel Index (CCI) is a momentum-based oscillator used as market indicator to help determine market movements that may indicate buying or selling. Added some vistual improvements to the chart.
3. ADX and DMI oscillator with the keylevel coded by @console:
The Average Directional Index (ADX) is non-directional indicator used by some traders to determine the strength of a trend. When the ADX line is rising (Above the keylevel) trend strength is increasing, and the price moves in the direction of the trend whether up or down. Otherwise, low ADX (Below the keylevel) is usually a sign of accumulation or distribution (Range). Non-trending doesn't mean the price isn't moving. It may not be, but the price could also be making a trend change or is too volatile for a clear direction to be present.
Suggested settings of the keylevel is 23-25.... REMEMBER: The trend may be your friend.
4. MFI
The Money Flow Index (MFI) is a technical oscillator for identifying overbought or oversold signals in an asset. Unlike conventional oscillators such as the RSI, the Money Flow Index incorporates both price and volume data, as opposed to just price. It can also be used to spot divergences which warn of a trend change in price.
5. Stochastic:
A stochastic oscillator is range-bound, meaning it is always between 0 and 100. This makes it a useful indicator of overbought and oversold conditions. Traditionally, readings over 80 are considered in the overbought range, and readings under 20 are considered oversold. However, these are not always indicative of impending reversal; very strong trends can maintain overbought or oversold conditions for an extended period. Instead, traders should look to changes in the stochastic oscillator for clues about future trend shifts. I added some features for this popular indicator to show the stochastic crosses.
6. The famous Squeeze momentum Indicator made by @Lazybear:
This is derivate of John Carter's "TTM Squeeze" volatility indicator and its very strong when using with trending indicator such a ADX. Black line (or no-line) on the midline show that the market just entered a squeeze ( Bollinger Bands are with in Keltner Channel). This signifies low volatility , market preparing itself for an explosive move (up or down). Gray line signify "Squeeze release". Mr.Carter suggests waiting till the gray line after a blackline, and taking a position in the direction of the momentum (for ex., if momentum value is above zero, go long). Exit the position when the momentum changes.
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This script is source code protected, but you can add to your favorite list to use it. Also you can add twice to use 2 different indicators at the same time (E.g. Squeeze Momentum Indicator + ADX)
An additional indicator I made (MA Hunterz + InfoPanel) is needed to not miss good entry points.
Your valuable comment and feedback is much appreciated...
And remember indicators can be really helpfull but always use Price Action.
ModestPips Triple StochasticThis script was created to provide confluence when entering trades. Trades are entered as scalp trades with trailing stops, that sometimes turn into swing trades.
This script is composed of three elements:
EMA Cross Indicator
Money Flow Indicator Oversold/Overbought
Triple Stochastic - The Core Component of this script
EMA Cross:
The EMA Cross provides a rough idea of trend direction. The 50 horizontal line will flash green/red depending on the current EMA crossover status.
The EMA values can be changed depending on your preference.
This indicator is not used for entries. It only provides confluence for entries.
Money Flow Indicator:
The money flow indicator will flash green/red in the background when it is oversold/overbought. It could be referred as an early signal before a potential big move.
Not used for entries, just as a warning to get ready for a potential big move.
Triple Stochastic:
This is the core and magic of the script. This indicator uses the 3 stochastic to provide signals for trade entries.
The 3 stochastics use different calculations to provide the differing length of the oscillators.
The slow stochastic will flash red when in overbought/oversold areas.
Using these 3 stochastics can provide 3 types of entries.
Trade Entries:
Extreme Opposite Entry - Entry when slow stoch is red and the super-fast stoch is on the opposite extreme.
Rebound Entry - Entry upon reversal signal where super-fast and fast stochs trigger a move in the opposite direction and then retrace to retest the slow stoch.
Continuation Entry - Entry during a trending market when super-fast and fast stochs retrace to retest the slow stoch.
This indicator can be used with any timeframes, although 30m is where I find the cleanest signals.
Some examples are provided on the chart, I will provide detailed explanations for ideal signals below.
MTF Oscillators [Anan]Hello friends,
This is my own MTF oscillator framework verion.
You can control in everything from indicator settings suck as (Source, Length, OB/OS Zones, Show/Hide Timeframes and all Timeframes are supported).
List of supported oscillators:
RSX
RSI
MFI
CCI
