Volume Accumulation Oscillator (VAO)The Volume Accumulation Oscillator (VAO) is a powerful momentum-based indicator designed to assess the strength of volume accumulation in a given asset. It helps traders identify periods of intense buying or selling pressure and potential trend reversals.
The VAO calculates the Net Volume Accumulation (NVA) by considering the volume, open, close, high, and low prices. It then applies exponential moving averages (EMAs) to smooth the NVA and calculates the VAO by comparing the smoothed NVA with its EMA over a specified signal period.
The VAO is plotted as a line chart, providing a clear visual representation of its values. Positive VAO values indicate strong bullish volume accumulation, suggesting potential upward price movement. Conversely, negative VAO values indicate significant selling pressure and the possibility of a downtrend.
To enhance the analysis, the indicator includes reference levels such as the zero line and +/-1 levels. These levels serve as important reference points for interpreting the VAO values and identifying key turning points in the market.
Additionally, the VAO histogram is included, which further illustrates the strength and direction of volume accumulation. The histogram bars are color-coded, with green bars representing positive VAO values and red bars representing negative VAO values.
The Volume Accumulation Oscillator is a versatile tool that can be used in various trading strategies. Traders can look for divergences between the VAO and the price chart to identify potential trend reversals. Combining the VAO with other technical analysis techniques can provide valuable insights into market dynamics and help traders make informed trading decisions.
Note: It is recommended to customize the indicator's parameters and conduct thorough backtesting to align it with your specific trading strategy and preferences before using it for live trading.
Disclaimer: This indicator is provided for educational and informational purposes only. Trading involves risks, and it is important to exercise caution and conduct your own analysis before making any investment decisions.
在腳本中搜尋"Divergence"
Overlay - HARSI + Divergences // All credit to © //@author=JayRogers & VuManChu Cipher B for their original Scripts (Open Source)
/ ====== ABOUT THIS INDICATOR
// I've combined some part of the code of the following indicators to get some alerts based on the Idea and Use section below :
// - RSI based Heikin Ashi candle oscillator
// - Divergence based on the VuManChu Cipher B
// -- This is the OVERLAY Version
//
// ====== ARTICLES and FURTHER READING
//
// - www.investopedia.com
//
// "Heikin-Ashi is a candlestick pattern technique that aims to reduce
// some of the market noise, creating a chart that highlights trend
// direction better than typical candlestick charts"
//
// ====== IDEA AND USE
// - The use of the HA RSI indicator when in the OverSold and OverBought
// area combined to a Divergence & a OB/OS buy/sell
// on the Cipher B by VuManChu.
// Can be useful as a confluence at S/R levels.
// *** Tip = 1 minute timeframe seems to work the best on FOREX
//
// *** Alerts :
// - The Divergence alert needs 2 bar to calculate,
// so alerts and dots as well, it will be placed on the right spot on
// the chart as per the offset added.
// - Use "Once Per Bar" for the alert, not per bar close, or you would
// have 1 extra bar delay
//
// ** Contributions : Remodel some part of the original script in order to get :
// --> Total conditions for an alert and a dot to display, resumed :
// - Buy/Sell in OB/OS
// - Divergence Buy/Sell
// - RSI Overlay is in OB/OS on current bar (or was the bar before)
// when both Buy/Sell dots from VMC appears.
//
// ====== DISCLAIMER
// For Tradingview & Pinescript moderators =
// This follow a strategy where RSI Overlay from @JayRogers script shall be
// in OB/OS zone, while combining it with the VuManChu Cipher B Divergences
// Buy&Sell + Buy/sell alerts In OB/OS areas.
// Any trade decisions you make are entirely your own responsibility.
//
// Thanks to dynausmaux for the code
// Thanks to falconCoin for inspired me to start this.
// Thanks to LazyBear for WaveTrend Oscillator
// Thanks to RicardoSantos for
HARSI + Divergences// All credit to © //@author=JayRogers & VuManChu Cipher B for their original Scripts (Open Source)
/ ====== ABOUT THIS INDICATOR
// I've combined some part of the code of the following indicators to get some alerts based on the Idea and Use section below :
// - RSI based Heikin Ashi candle oscillator
// - Divergence based on the VuManChu Cipher B
//
// ====== ARTICLES and FURTHER READING
//
// - www.investopedia.com
//
// "Heikin-Ashi is a candlestick pattern technique that aims to reduce
// some of the market noise, creating a chart that highlights trend
// direction better than typical candlestick charts"
//
// ====== IDEA AND USE
// - The use of the HA RSI indicator when in the OverSold and OverBought
// area combined to a Divergence & a OB/OS buy/sell
// on the Cipher B by VuManChu.
// Can be useful as a confluence at S/R levels.
// *** Tip = 1 minute timeframe seems to work the best on FOREX
//
// *** Alerts :
// - The Divergence alert needs 2 bar to calculate,
// so alerts and dots as well, it will be placed on the right spot on
// the chart as per the offset added.
// - Use "Once Per Bar" for the alert, not per bar close, or you would
// have 1 extra bar delay
//
// ** Contributions : Remodel some part of the original script in order to get :
// --> Total conditions for an alert and a dot to display, resumed :
// - Buy/Sell in OB/OS
// - Divergence Buy/Sell
// - RSI Overlay is in OB/OS on current bar (or was the bar before)
// when both Buy/Sell dots from VMC appears.
//
// ====== DISCLAIMER
// For Tradingview & Pinescript moderators =
// This follow a strategy where RSI Overlay from @JayRogers script shall be
// in OB/OS zone, while combining it with the VuManChu Cipher B Divergences
// Buy&Sell + Buy/sell alerts In OB/OS areas.
// Any trade decisions you make are entirely your own responsibility.
//
// Thanks to dynausmaux for the code
// Thanks to falconCoin for inspired me to start this.
// Thanks to LazyBear for WaveTrend Oscillator
// Thanks to RicardoSantos for
KDJ [JoseMetal]============
ENGLISH
============
- Description:
This indicator is a modification of the common KDJ, as you may know the KDJ is just a Stochastic (K+D) with an extra line which is J, the J line can be used as "movement strength" filter and also for overbought and oversold conditions anticipating the K and D.
In this particular modification I've tested many different settings to find the best possible ones, it also has customizable MA type for the calculation and a histogram calculated with the difference between J and D, this is useful to spot divergences and determine trend strength easily, the histogram has a smooth option to make it even more clearer.
- Visual:
So you have K and D from the Stochastic (green and red lines) as well as the J line (white).
Then you have the histogram to show the difference between J and D, the histogram has a similar color scale as a MACD to determine the strength of the trend easily, lighter = stronger, darker = weaker, there are 2 default customizable color setups by the way.
Crossovers between lines (which generates LONG and SHORT entries) are presented with a DOT (green for long and red for short).
Background color also changes, green for bullish, red for bearish, crossovers also marks the background color even more.
- Customization:
As usual in my indicators, everything is customizable, you can pick yours, settings, colors, figures etc.
- Usage and recommendations:
I've tested many different setting setups, for now, the best are the default (14, 21, 21) for the KDJ and (7) for the histogram smooth, 20 and 80 for oversold and overbought levels.
Histogram is great to spot divergences, I recommend to wait for a divergence on a 4H timeframe and wait for the LONG or SHORT signal to appear to enter a trade in the divergence direction.
Enjoy!
============
ESPAÑOL
============
- Descripción:
Éste indicador es una modificación del KDJ común, como sabrás el KDJ es solo un estocástico (K+D) con una línea extra que es la J, la línea J puede ser usada como filtro de "fuerza de movimiento" y también para condiciones de sobrecompra y sobreventa anticipando la K y la D.
En esta modificación en particular he probado muchas configuraciones diferentes para encontrar las mejores posibles, también tiene un tipo de MA personalizable para el cálculo y un histograma calculado con la diferencia entre J y D, esto es útil para detectar divergencias y determinar la fuerza de la tendencia fácilmente, el histograma tiene una opción suave para hacerlo aún más claro.
- Visual:
Por lo tanto, tenemos por un lado la K y D del estocástico (líneas verde y roja), así como la línea J (blanco).
Luego tenemos el histograma para mostrar la diferencia entre J y D, el histograma tiene una escala de colores similar a la del MACD para determinar la fuerza de la tendencia fácilmente, más claro = más fuerte, más oscuro = más débil, hay 2 escalas de color personalizables por defecto.
Los cruces entre líneas (que generan entradas LARGAS y CORTAS) se presentan con un PUNTO (verde para LARGO y rojo para CORTO).
El color de fondo también cambia, verde para alcista, rojo para bajista, los cruces también resaltan el color de fondo aún más.
- Personalización:
Como es habitual en mis indicadores, todo es personalizable, puedes elegir los tuyos, ajustes, colores, figuras, etc.
- Uso y recomendaciones:
He probado muchas configuraciones diferentes, por ahora, las mejores son las predeterminadas (14, 21, 21) para el KDJ y (7) para el histograma suave, 20 y 80 para los niveles de sobreventa y sobrecompra.
El histograma es excelente para detectar divergencias, recomiendo esperar una divergencia en un marco de tiempo de 4H y esperar a que aparezca la señal de LARGO o CORTO para entrar en una operación en la dirección de la divergencia.
¡Que lo disfrutéis!
Cryptogrithm's Secret Momentum and Volatility IndicatorThis indicator is hard-coded for Bitcoin, but you may try it on other asset classes/coins. I have not updated this indicator in over 3 years, but it seems to still work very well for Bitcoin.
This indicator is NOT for beginners and is directed towards intermediate/advanced traders with a sensibility to agree/disagree with what this indicator is signalling (common sense).
This indicator was developed back in 2018 and I has not been maintained since, which is the reason why I am releasing it. (It still works great though! At the time of this writing of May 2022).
How to use:
Terms:
PA (Price Action): Literally the candlestick formations on your chart (and the trend formation). If you don't know how to read and understand price action, I will make a fast-track video/guide on this later (but in the meanwhile, you need to begin by learning Order-Flow Analysis, please google it first before asking).
CG Level (Cryptogrithm Level/Yellow Line): PA level above = bullish, PA level below = bearish
CG Bands (Cryptogrithm Bands): This is similar to how bollingers work, you can use this the same was as bollinger bands. The only difference is that the CG bands are more strict with the upper and lower levels as it uses different calculations to hug the price tighter allowing it to be more reactive to drastic price changes (earlier signals for oversold/overbought).
CG Upper Band (Red Upper Line): Above this upper bound line means overbought.
CG Middle Band (Light Blue Line): If PA trades above this line, the current PA trend is bullish continuing in the uptrend. If PA trades below this line, the current PA trend is bearish continuing in the downtrend. This band should only be used for short-term trends.
CG Lower Band (Green Lower Line): Below this lower bound line means oversold.
What the CG Level (yellow line) tells you:
PA is trading above CG Level = Bullish
PA is trading below CG Level = Bearish
Distance between CG Level and price = Momentum
What this means is that the further away the price is from the CG Level, the greater the momentum of the current PA trend. An increasing gap between the CG Level and PA indicates the price's strength (momentum) towards the current upward/downward trend. Basically when the PA and CG Level diverge, it means that the momentum is increasing in the current trend and when they converge, the current trend is losing momentum and the direction of the PA trend may flip towards the other direction (momentum flip).
PA+CG Level Momentum:
To use the CG Level as a momentum indicator, you need to pay attention to how the price and the CG level are moving away/closer from each other:
PA + CG Level Diverges = Momentum Increasing
PA + CG Level Converges = Momentum Decreasing
Examples (kind of common sense, but just for clarity):
Case 1: Bullish Divergence (Bullish): The PA is ABOVE and trending AWAY above from the CG Level = very bullish, this means that momentum is increasing towards the upside and larger moves will come (increasing gap between the price and CG Level)
Case 2: Bearish Convergence (Bearish): - The PA is ABOVE the CG Level and trending TOWARDS the CG Level = bearish, there is a possibility that the upward trend is ending. Look to start closing off long positions until case 1 (divergence) occurs again.
Case 3: Neutral - The PA is trading on the CG Level (no clear divergence or convergence between the PA and CG Level) = Indicates a back and forth (tug of war) between bears and bulls. Beware of choppy price patterns as the trend is undecisive until either supply/liquidity is dried out and a winner between bull/bear is chosen. This is a no trade zone, but do as you wish.
Case 4: Bearish Divergence (Bearish): The PA is BELOW and trending AWAY BELOW from the CG Level = very bearish, this means that momentum is increasing towards the downside and larger downward moves will come (increasing gap between the price and CG Level).
Case 5: Bullish Convergence (Bullish): - The PA is BELOW the CG Level and trending TOWARDS the CG Level = bullish, there is a possibility that the downward trend is ending and a trend flip is occuring. Look to start closing off short positions until case 4 (divergence) occurs again.
CG Bands + CG Level: You can use the CG bands instead of the PA candles to get a cleaner interpretation of reading the momentum. I won't go into detail as this is pretty self-explanatory. It is the same explanation as PA+CG Level Momentum, but you are replacing the PA candles with the CG Bands for interpretation. So instead of the PA converging/diverging from the CG Level, the Upper and Lower Bound levels are converging/diverging from the CG level instead.
Convergence: CG Level (yellow line) trades inside the CG bands
Divergence: CG Level (yellow line) trades outside the CG bands
Bullish/Bearish depends on whether the CG Band is trading below or above the CG level. If CG Band is above the CG Level, this is bullish. If CG Band is below the CG level, this is bearish.
Crosses (PA or CG Band crosses with CG level): This typically indicates volatility is incoming.
There are MANY MANY MANY other ways to use this indicator that is not explained here and even other undiscovered methods. Use some common sense as to how this indicator works (it is a momentum indicator and volatility predictor). You can get pretty creative and apply your own methods / knowledge to it and look for patterns that occur. Feel free to comment and share what you came up with!
KINSKI RSI/RSX DivergenceThe Relative Strength Index (RSI) is a momentum indicator that measures the magnitude of recent price changes to analyse overbought or oversold conditions. RSI values range from 0 to 100.
The Relative Strength Index (RSI) is calculated using the following formula: RSI = 100 - 100 / (1 + RS) Where RS = average gain of upward phases during the specified time frame / average loss of downward phases during the specified time frame.
An asset price is considered overbought (due for a correction) if the RSI is above 70 and oversold (due for a recovery) if it is below 30. More extreme values (80/20) are also used to avoid false readings.
In a strong uptrend, the RSI often reaches 70 and above for long periods, and downtrends can remain at 30 or below for long periods.
Divergence detection in RSI is one of the important functions of this indicator. The reason is that an RSI divergence is a more reliable signal than the overbought and oversold indicators themselves. You will get overbought and oversold signals all the time. However, the divergence is a rare event.
In general, RSI divergence means that the RSI indicator is moving in the opposite direction compared to the price. So while the price is moving, the RSI is telling us in advance to expect a change in direction.
Positive RSI divergence
A positive RSI divergence is when the price trend has lower lows and lower highs, while the RSI indicator does the opposite - higher highs and higher lows. The price continues to fall while the RSI indicator begins to rise.
Negative RSI divergence
Negative RSI divergence is the opposite of positive divergence. It applies to uptrends where the price reaches higher highs and higher lows. However, the RSI shows lower highs and lower lows - the price goes up but the RSI goes down. The price closes with higher highs and higher lows, while the RSI indicator does the opposite - lower lows and lower highs, confirming a negative divergence. As a result, there is a sharp decline in the price.
RSX Indicator - Base script: SharkCIA by Jaggedsoft (Linked in the source code)
The RSX is the noise-free variant of the more popular RSI oscillator. Typically, any indicator can be smoothed by applying a moving average. However, a major disadvantage of such a method is that there is a time lag between the indicator and the price. RSX Indicator attempts to do this without signal delay.
What distinguishes this indicator from others of this type?
Display of RSI indicator together/alone with RSX and RSI smoothed
display of the RSI indicator (option: "RSI: On/Off")
display of the RSX indicator (option: "RSX: On/Off")
display of the RSI indicator as smoothed version (option: "RSI Smoothed: On/Off")
offers the possibility to choose between different view variants
many settings for additional information, layout and divergence identification
enables completely new comparison possibilities and insights with the additional RSI variants
MACD including 6-period Forecast and Divergences█ OVERVIEW
This is my personal interpretation of the classic MACD Indicator. I am using the MACD as part of my analysis, and often I was wondering when I can expect the next signal (e.g. a Histogram cross). As I had come across some EMA forecast logics on tradingview, my goal was to use the EMA forecast calculation as basis to come to a complete MACD forecast. Here is the result.
Starting point is the classic MACD which is then plotted with MACD-Line, Signal Line and Histogram. In addition to the classic MACD, a 6 period Forecast for MACD, Signal and Histogram is available and divergences can be displayed on either the Histogram or the MACD Line.
Important:
As I am considering the closing price of the current candle as the basis for the calculation, the forecast values will REPAINT. But in my opinion this is fine as this indicator will not provide direct trading signals, but more an outlook into a potential future.
█ CALCULATION LOGIC
Below some details regarding the additional functionalities:
MACD Forecast:
The MACD Forecast is mainly based on a combination of EMA Forecasts. The inspiration for this basic forecast calculation is taken from the below tradingview members:
--> EMA Forecast input taken from "Triple MA Forecast" by yatrader2
--> Forecast Bias input taken from "Fancy Bollinger Bands" by BigBitsIO
When showing the forecast, the following options are available:
- Forecast Type: Determines if the Forecast is assuming a Flat price (last values of the MA calculation are replaced by current value) or if a Linear Regression is taken
- Number of candles taken for Linear Regression Calculation
- Bias of Forecast (Based on the recent Average True Range, the forecast values are either more bullish or more bearish calculated. "Neutral" turns off this function)
- Number of ATR Periods used to calculate Bias adjustment value
- Possibility to weight the Bias via a Multiplier - Default value is 1
Based on the above inputs, the forecasted values for MACD, Signal Line and Histogram are calculated and plotted for the next 6 periods.
Divergence Detection:
Based on the default tradingview divergence script with some adjustments:
- User can select to use either Histogram or MACD Line as basis for Divergence detection (Histogram by default)
- User can select if Divergence detection should be based on the candles including Wicks or only the Candle Bodies (Wicks by default)
█ DISCLAIMER
This is an experimental indicator and I do not know if my theory works in real life. So treat this not as financial advise, but purely for entertainment and educational purposes.
I publish this code open so that everyone can re-use it or hopefully even improve it.
Let me know if you have any ideas for improvement and if it is within my coding capabilities (which to be honest are quite limited), I will try to accomodate it.
Have fun.
[Sisyphe] rsi divergences [RSI side]This indicator must be completed by rsi divergences
It plots rsi regular divergences until five levels back and prioritize the largest divergence.
[Sisyphe] rsi divergences [chart side]This indicator must be completed by rsi divergences
It plots rsi regular divergences until five levels back and prioritize the largest divergence.
RSI Divergence (Pine v4)Summary
Script highlights the divergences in RSI worth taking notice of. By comparing current envionment to relative sample we can see more than
the standard divergences that many catch through analysis. This framework aims to remove the bias or noise many see when looking for any supporting
evidence to their given emotion on a market.
Step-by-Step Walkthrough
Calculates RSI
Sets Divergence Framework
-------> a. Defining variable values, mandatory in Pine 4)
-------> b. Identify Divergences --> "If bar with lowest / highest is current bar, use it's value"
Compare high of current bar being examined with previous bar's high --> "If curr bar high is higher than the max bar high in the lookback window range"
Finds pivot point with at least 2 right candles with lower value
Finds pivot point with at least 2 right candles with lower value
Plot
Set Alerts
This RSI Script is intended for public use and can be shared / implemented as needed
Questions? I do not monitor my TradingView inbox. See email address in signature at the bottom of this page for contact information.
RSX Divergence ProRSX Divergence Pro detects regular and hidden divergences using a smoothed Relative Strength Xtra (RSX) oscillator. It helps traders identify trend reversals and trend continuation signals with clear visual labels. Users can enable/disable divergences, adjust RSX length, customize label colors/sizes, and choose different price types. The indicator also includes dynamic RSX coloration and adjustable overbought/oversold levels for better market insights. Perfect for traders seeking precision in divergence detection and smoother signals than traditional RSI. 🚀
TICK Charting & DivergencesOverview
The TICK index measures the number of NYSE stocks making an uptick versus a downtick. This indicator identifies divergences between price action and TICK readings, potentially signaling trend reversals.
Key Features
Real-time TICK monitoring during market hours (9:30 AM - 4:00 PM ET)
Customizable smoothing factor for TICK values
Regular and hidden divergences detection
Reference lines at ±500 and ±1000 levels
Current TICK value display
TICK Internals Interpretation
Above +1000: Strong buying pressure, potential exhaustion
Above +500: Moderate buying pressure
Below -500: Moderate selling pressure
Below -1000: Strong selling pressure, potential exhaustion
Best Practices
Use in conjunction with support/resistance levels, market trend direction, and time of day.
Higher probability setups with multiple timeframe confirmation, divergence at key price levels, and extreme TICK readings (±1000).
Settings Optimization
Smoothing Factor: 1-3 (lower for faster signals)
Pivot Lookback: 5-10 bars (adjust based on timeframe)
Range: 5-60 bars (wider for longer-term signals)
Warning Signs
Multiple failed divergences
Choppy price action
Low volume periods
Major news events pending
Remember: TICK divergences are not guaranteed signals. Always use proper risk management and combine with other technical analysis tools.
ATR Adaptive RSI OscillatorThe " ATR Adaptive RSI Oscillator " is a versatile technical analysis tool designed to help traders make informed decisions in dynamic market conditions. It combines the Relative Strength Index (RSI) with the Average True Range (ATR) to provide adaptive and responsive insights into price trends.
Key Features :
Adaptive RSI Periods : The indicator introduces the concept of adaptive RSI periods based on the ATR (Average True Range) of the market. When enabled, it dynamically adjusts the RSI calculation period, offering longer periods during high volatility and shorter periods during low volatility. This adaptability enhances the accuracy of RSI signals across varying market conditions.
Volume-Based Smoothing : The indicator includes a smoothing feature that computes a time-decayed weighted moving average of RSI values over the last two bars, using volume-based weights. This approach offers a time-sensitive smoothing effect, reducing noise for a clearer view of trend strength compared to the standard RSI.
Divergence Detection : Traders can enable divergence detection to identify potential reversal points in the market. The indicator highlights regular bullish and bearish divergences, providing valuable insights into market sentiment shifts.
Customizable Parameters : Traders have the flexibility to customize various parameters, including RSI length, adaptive mode, ATR length, and divergence settings, to tailor the indicator to their trading strategy.
Overbought and Oversold Levels : The indicator includes overbought (OB) and oversold (OS) boundary lines that can be adjusted to suit individual preferences. These levels help traders identify potential reversal zones.
The "ATR Adaptive RSI Oscillator" is a powerful tool for traders seeking to adapt their trading strategies to changing market dynamics. Whether you're a trend follower or a contrarian trader, this indicator provides valuable insights to support your decision-making process.
Dark Energy Divergence OscillatorThe Dark Energy Divergence Oscillator (DEDO)
What makes The Universe grow at an accelerating pace?
Dark Energy.
What makes The Economy grow at an accelerating pace?
Debt.
Debt is the Dark Energy of The Economy.
I pronounce DEDO "Deed-oh", but variations are fine with me.
Note: The Pine Script version of DEDO is improved from the original formula, which used a constant all-time high calculation in the normalization factor. This was technically not as accurate for calculating liquidity pressure in historical data because it meant that historical prices were being tested against future liquidity factors. Now using Pine, the functions can be normalized for the bar at the time of calculation, so the liquidity factors are normalized per candle, not across the entire series, which feels like an improvement to me.
Thought Process:
It's all about the liquidity. What I started with is a correlation between major stock indices such as SPX and WRESBAL , a balance sheet metric on FRED
After September 2008, when QE was initiated, many asset valuations started to follow more closely with liquidity factors. This led me to create a function that could combine asset prices and liquidity in WRESBAL , in order to calculate their divergence and chart the signal in TradingView.
The original formula:
First, we don't want "non-QE" data. we only want data for the market affected by QE .
So, find SPX on the day of pre-QE: 1255.08 and subtract that from the 2022 top 4818.62 = 3563.54
With this post-QE SPX range, now you can normalize the price level simply by dividing by the range = ( SPX -1255.08)/3563.54)
Normalization produces values from 0 to 1 so that they can be compared with other normalized figures.
In order to test the 0 to 1 normalized SPX range measure against the liquidity number, WRESBAL , it's the same idea: normalize it using the max as the denominator and you get a 0 to 1 liquidity index:
( WRESBAL /4276000000000)
Subtract one from the other to get the divergence:
(( WRESBAL /4276000000000)-(( SPX -1255.08)/3563.54))*10
x10 to reduce decimal places, but this option is configurable in DEDO's input settings tab.
Positive values indicate there's ample liquidity to hold up price or even create bullish momentum in some cases. Negative values mean price levels are potentially extended beyond what liquidity levels can support.
Note: many viewers of the charts on social media wanted the values to go down in alignment with price moving down, so inverting the chart is what I do with Option + I. I like the fact that negative values represent a deficit in liquidity to hold up price but that's just me.
Now with Pine Script and some help from other liquidity focused accounts on TradingView , I was able to derive a script that includes central bank liquidity and Reverse Repo liquidity drain, all in one algorithm, with adjustable settings.
Central bank assets included in this version:
-JPY (Japan)
-CNY (China)
-UK (British Pound)
-SNB (Swiss National Bank)
-ECB (European Central Bank )
Central Bank assets can be adjusted to an allocation % so that the formula is adjusted for the market cap of the asset.
A handy table in the lower right corner displays useful information about the asset market cap, and percentage it represents in the liquidity pool.
Reverse repo soak is also an optional addition in the Input settings using the RRPONTSYD value from FRED. This value is subtracted from global liquidity used to determine divergence since it is swept away from markets when residing in the Fed's reverse repo facility.
There is an option to draw a line at the Zero bound. This provides a convenience so that the line doesn't keep having to be redrawn on every chart. The normalized equation produces a value that should oscillate around zero, as price/valuation grows past liquidity support, falls under it, and repeats in cycles.
RSI Divergence Strategywhat is "RSI Divergence Strategy"?
it is a RSI strategy based this indicator:
what it does?
it gives buy or sell signals according to RSI Divergences. it also has different variables such as "take profit", "stop loss" and trailing stop loss.
how it does it?
it uses the "RSI Divergence" indicator to give signal. For detailed information on how it works, you can visit the link above. The quantity of the inputs is proportional to the rsi values. Long trades are directly traded with "RSI" value, while short poses are traded with "100-RSI" value.
How to use it?
The default settings are for scalp strategy but can be used for any type of trading strategy. you can develop different strategies by changing the sections. It is quite simple to use.
RSI length is length of RSİ
source is source of RSİ
RSİ Divergence lenght is length of line on the RSI
The "take profit", "stop" and "trailing stop" parts used in the "buy" group only affect buys. The "sell" group is similarly independent of the variables in the "buy" group.
The "zoom" section is used to enlarge or reduce the indicator. it only changes the appearance, it does not affect the results of the strategy.
Jurik Smoothed Stochastic - TraderHalaiJurik Smoothed Stochastic
The stochastic indicator has been long used by traders to identify inflection points in the price and to give a direction on Bullish and Bearish bias.
This indicator aims to improve on the plots the %K value smoothed using a Jurik Filter instead of a simple moving average. This allows for a more adaptive K value average price, whilst also providing superior smoothing to traditional moving averages.
As the Jurik Filter is a proprietary and non-open-source implementation, this script uses a common filters library implementation of Jurik MA which is a suitable proxy to the actual Jurik MA filter.
Big thanks to LastGuru for making his version freely available. You can find his version of the Jurik Filters in the credits section below.
%K is the Jurik Smoothed Version of the original Stochastic Formula
%D is calculated using the following formula. This idea was borrowed from John Ehler’s stochastic implementation and can be seen below:
%D = 0.05 + 0.95 * K
Features
%K line, Overbought and Oversold level and Mid Line Level
Oversold / Overbought reversal indicators and signals - Shown in Red and Green
Bullish / Bearish Divergences – Including Hidden divergences to spot reversals and continuations of trend (Big thanks to the developers of the built-in RSI Divergence indicator) - Shown as below:
Bullish / Bearish crossover of %K with %D - Shown in Cyan and Fuschia
Alerts for all of the above conditions
Double Jurik smoothing mode - similar to slow Stochastic
Credits :
Massive shoutout to the following scripts:
LastGuru JurikMA implementation (Common Filters Library)
Divergence Indicator – Built into TradingView and coded by TradingView Developers
This script is published as open source to allow for criticism, further development of this strategy and use by the community. Feel free to use this indicator/source code as you see fit.
Enjoy! :)
Trend Momentum Divergence (TMD)Shout out to Lazy Bear, Bunghole, and Trading View for script code for this make.
In this study you will have a visual representation of the strength and momentum of a trend and possibilities of where the market is heading. You can use the Blue and White momentum waves to spot divergences in a up oe down trend for potential reversals. When a green dot appears under the lower level with divergence then it is a indication that we should consider looking to buy. If the red dot appears over the upper level with divergence we should be looking to short/sell. The custom MFI indicator determines how much money is flowing into the market. If it is green that means money is flowing into the market and if it shows red it means that money is flowing out of the market. You can spot divergences in the money flow as well as the RSI. The Blue and Green lines from the RCI3line indicator are used for higher timeframe momentum based on current chart timeframe and we can see when they cross over.
MTF DPO-RSI IndicatorThis indicator uses the principle of taking the RSI of DPO readings across multiple time frames in order to provide trade signals and an overarching view of market conditions to the trader. My hope with creating this indicator was to present more divergence based signals than your typical indicator, while still keeping those signals at a high quality.
In the settings menu, you may specify:
Indicator Timeframe - the chart resolution that is used to calculate values.
Source DPO Length - the number of bars used to calculate the Detrended Price Oscillator value. The DPO value is the source for the RSI calculations.
DPO Hull Smoothing - how much smoothing is applied to the DPO . Smoothing is accomplished by taking a Hull Moving Average of the closing price, and using this to calculate the DPO value.
RSI Length - the number of bars used to calculate the RSI of the DPO value.
Time Multipliers 1 through 6 - use this to define what resolution each plot will represent. A value of 1 will represent the current Indicator Timeframe. A value of 3 will represent 3 times the current Indicator Timeframe, etc.
Show Plot 1 through 6 - toggles the display of plots.
How I trade with this indicator:
A value of under 30 represents an over sold state for that particular plot. A value of over 70 represents an overbought state for that plot.
Identify divergences on a lower timeframe plot which are apparent in overbought or oversold conditions, and confirm the signal with an overbought or oversold condition, or a divergence on a higher timeframe plot. Divergences which begin in oversold or overbought territory and end inside the 30-70 range tend to be more reliable signals, in my experience. Like all indicators, this is best when used in conjunction with other indicators. Trend indicators, such as double EMA's and Supertrend are my favorite pairing, and a stochastic RSI is a good tool to have as well.
This is my first published indicator! If you find unique ways to use it, drop me a message. I'd love to know what you find. :)
Composite Index [TipsChain]This is a formula Ms Brown developed to identify divergence failures with in the RSI . This also highlights the horizontal support levels with in the indicator area.
The Composite Index study comprises 2 momentum indicators on the RSI which are smoothed using a moving average. Control of the upper and lower indicators can be used to adjust the periods represented by each through the Object Properties dialog box for the study.
The Composite Index is an oscillator that will warn when the RSI is failing to detect a price trend reversal by forming divergences with the RSI. It can be used in any time frame or market.
Usage:
1. Check hidden and regular divergences on RSI+COMPOSITE_INDEX and PRICE+COMPOSITE_INDEX.
2. After finding divergence wait for COMPOSITE_INDEX to cross under/over it's moving averages to trigger.
Stochastic RSI + RSI + MFI + RVI + Divergence IndicatorThis script is a simple edit of my previous script "Stoch.RSI+RSI+MFI+CM_Williams_Vix_Fix_V3"
It plots up to 4 oscillators (Stochastic RSI, RSI, MFI, RVI) and divergences between RSI and price. By default only Stochastic RSI, RSI and Regular divergences are enabled. But you can also enable the remaining oscillators and hidden divergences from the script settings.
So basically there are few, but significant, differences between this script and the original one.
Changelog:
- Removed the CM_Williams_Vix_fix code.
- Added RVI plot.
- Added divergences detection.
@Bezzus
Bull Bear Divergence IndicatorFor Constance Brown-like analysis with divergence signals between price and indicator (i.e. stock close / RSI divergence)
Using two different lines: an indicator high line for bearish, and an indi low line for bullish divergences
For your individual studies, choose your indicator and replace rsi in line 10 with it, any thing else is auto. Script bottom: optional comparison linse addable
Note1: The script only shows divergences to recent pivots, not between actual pivot and one "a few pivots ago"
Note2: Though reversal predictions with the example of SPLK here are quite good, in general better results are obtained with un-normalized indicators.
BUY & SELL VOLUME TO PRICE PRESSURE by @XeL_ArjonaBUY & SELL PRICE TO VOLUME PRESSURE
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of:
Buy (Bull) and Sell (Bear) "Power Balance Algorithm" by: Stocks & Commodities V. 21:10 (68-72): "Bull And Bear Balance Indicator by Vadim Gimelfarb"
Normalisation (Filter) from Karthik Marar's VSA work: karthikmarar.blogspot.mx
Buy to Sell Convergence / Divergence and Volume Pressure Counterforce Histogram Ideas by: @XeL_Arjona
WHAT IS THIS?
The following indicators try to acknowledge in a K-I-S-S approach to the eye (Keep-It-Simple-Stupid), the two most important aspects of nearly every trading vehicle: -- PRICE ACTION IN RELATION BY IT'S VOLUME --
Volume Pressure Histogram: Columns plotted in positive are considered the dominant Volume Force for the given period. All "negative" columns represents the counterforce Vol.Press against the dominant.
Buy to Sell Convergence / Divergence: It's a simple adaptation of the popular "Price Percentage Oscillator" or MACD but taking Buying Pressure against Selling Pressure Averages, so given a Positive oscillator reading (>0) represents Bullish dominant Trend and a Negative reading (<0) a Bearish dominant Trend. Histogram is the diff between RAW Volume Pressures Convergence/Divergence minus Normalised ones (Signal) which helps as a confirmation.
Volume bars are by default plotted from RAW Volume Pressure algorithms, but they can be as well filtered with Karthik Marar's approach against a "Total Volume Average" in favor to clean day to day noise like HFT.
ALL NEW IDEAS OR MODIFICATIONS to these indicators are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter: @XeL_Arjona
Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView. -- 2015
BUY & SELL VOLUME TO PRICE PRESSURE by @XeL_ArjonaBUY & SELL PRICE TO VOLUME PRESSURE
By Ricardo M Arjona @XeL_Arjona
DISCLAIMER:
The Following indicator/code IS NOT intended to be a formal investment advice or recommendation by the author, nor should be construed as such. Users will be fully responsible by their use regarding their own trading vehicles/assets.
The embedded code and ideas within this work are FREELY AND PUBLICLY available on the Web for NON LUCRATIVE ACTIVITIES and must remain as is.
Pine Script code MOD's and adaptations by @XeL_Arjona with special mention in regard of:
Buy (Bull) and Sell (Bear) "Power Balance Algorithm" by: Stocks & Commodities V. 21:10 (68-72): "Bull And Bear Balance Indicator by Vadim Gimelfarb"
Normalisation (Filter) from Karthik Marar's VSA work: karthikmarar.blogspot.mx
Buy to Sell Convergence / Divergence and Volume Pressure Counterforce Histogram Ideas by: @XeL_Arjona
WHAT IS THIS?
The following indicators try to acknowledge in a K-I-S-S approach to the eye (Keep-It-Simple-Stupid), the two most important aspects of nearly every trading vehicle: -- PRICE ACTION IN RELATION BY IT'S VOLUME --
Volume Pressure Histogram: Columns plotted in positive are considered the dominant Volume Force for the given period. All "negative" columns represents the counterforce Vol.Press against the dominant.
Buy to Sell Convergence / Divergence: It's a simple adaptation of the popular "Price Percentage Oscillator" or MACD but taking Buying Pressure against Selling Pressure Averages, so given a Positive oscillator reading (>0) represents Bullish dominant Trend and a Negative reading (<0) a Bearish dominant Trend. Histogram is the diff between RAW Volume Pressures Convergence/Divergence minus Normalised ones (Signal) which helps as a confirmation.
Volume bars are by default plotted from RAW Volume Pressure algorithms, but they can be as well filtered with Karthik Marar's approach against a "Total Volume Average" in favor to clean day to day noise like HFT.
ALL NEW IDEAS OR MODIFICATIONS to these indicators are Welcome in favor to deploy a better and more accurate readings. I will be very glad to be notified at Twitter: @XeL_Arjona
Any important addition to this work MUST REMAIN PUBLIC by means of CreativeCommons CC & TradingView. -- 2015
