Body Gap Detector
This script was inherited from "GAP DETECTOR" by Asch- and the modified version is being published with consent of the author.
This script identifies gap up or gap down between candle bodies (for the selected time frame). The original script has been reworked to consider Open/Close instead of the High/Low. It identifies "Gap" up/down and indicates them with markers drawn from "Open/Close" of one candle to the "Close/Open" of another.
The default setting is to consider the last 1500 candles. "Gap Up" is indicated by Green bars and "Gap Down" is indicated with Red bars.
在腳本中搜尋"Up down"
[ProfitTrailer:Feeder] Up Down VolatilityUpside & DownSide Volatility is commonly used in the ProfitTrailer:Feeder community scene, so I decided to create a script for it.
Please 'follow & like' if you like this script! Thanks
Bull vs Bear Power by DGTElder-Ray Bear and Bull Power
Dr. Alexander Elder cleverly named his first indicator Elder-Ray because of its function, which is designed to see through the market like an X-ray machine. Developed in 1989, the Elder-Ray indicator can be applied to the chart of any security and helps traders determine the strength of competing groups of bulls and bears by gazing under the surface of the markets for data that may not immediately be ascertainable from a superficial glance at prices
The Elder-Ray indicator is comprised by three elements – Bear Power, Bull Power and a 13-period Exponential Moving Average.
As the high price of any candle shows the maximum power of buyers and the low price of any candle shows the maximum power of sellers, Elder uses the 13-period EMA in order to present the average consensus of price value. Bull power shows whether buyers are capable of pushing prices above the average consensus of value. Bear power shows whether sellers are capable of pushing prices below the average consensus of value. Mathematically, Bull power is the result of subtracting the 13-period EMA from the high price of the day, and Bear power is the result of subtracting the 13-period EMA from the low price of the day.
What does this study implements
Attempts to customize interpretation of Alexander Elder's Elder-Ray Indicator (Bull and Bear Power) by
• adding additional insights to support/confirm Elder’s strategy with different indicators related with the Elder’s concept
• providing different options of visualization of the indicator
• providing smoothing capability
Other Indicators to support/confirm Elder-Ray Indicator:
Colored Directional Movement Index (CDMI) , a custom interpretation of J. Welles Wilder’s Directional Movement Index (DMI) , where :
DMI is a collection of three separate indicators ( ADX , +DI , -DI ) combined into one and measures the trend’s strength as well as its direction
CDMI is a custom interpretation of DMI which presents ( ADX , +DI , -DI ) with a color scale - representing the trend’s strength, color density - representing momentum/slope of the trend’s strength, and triangle up/down shapes - representing the trend’s direction. CDMI provides all the information in a single line with colored triangle shapes plotted on the top. DMI can provide quality information and even trading signals but it is not an easy indicator to master, whereus CDMI simplifies its usage.
Alexander Elder considers the slope of the EMA, which gives insight into the recent trend whether is up or down, and CDMI adds additional insight of verifying/confirming the trend as well as its strength
Note : educational content of how to read CDMI can be found in ideas section named as “Colored Directional Movement Index”
different usages of CDMI can be observed with studies “Candlestick Patterns in Context by DGT", “Ichimoku Colored SuperTrend + Colored DMI by DGT”, “Colored Directional Movement and Bollinger Band's Cloud by DGT”, and “Technical Analyst by DGT”
Price Convergence/Divergence , if we pay attention to mathematical formulations of bull power, bear power and price convergence/divergence (also can be expressed as price distance to its ma) we would clearly observe that price convergence/divergence is in fact the result of how the market performed based on the fact that we assume 13-period EMA is consensus of price value. Then, we may assume that the price convergence/divergence crosses of bull power, or bear power, or sum of bull and bear power could be considered as potential trading signals
Additionally, price convergence/divergence visualizes the belief that prices high above the moving average or low below it are likely to be remedied in the future by a reverse price movement
Alternatively, Least Squares Moving Average of Price Convergence/Divergence (also known as Linear Regression Curve) can be plotted instead of Price Convergence/Divergence which can be considered as a smoothed version of Price Convergence/Divergence
Note : different usages of Price Convergence/Divergence can be observed with studies “Trading Psychology - Fear & Greed Index by DGT”, “Price Distance to its MA by DGT”, “P-MACD by DGT”, where “Price Distance to its MA by DGT” can also be considered as educational content which includes an article of a research carried on the topic
Options of Visualization
Bull and Bear Power plotted as two separate
• histograms
• lines
• bands
Sum of Bull and Bear Power plotted as single
• histogram
• line
• band
Others
Price Convergence/Divergence displayed as Line
CDMI is displayed as single colored line of triangle shapes, where triangle shapes displays direction of the trend (triangle up represents bull and triangle down represent bear), colors of CDMI displays the strength of the trend (green – strong bullish, red – strong bearish, gray – no trend, yellow – week trend)
In general with this study, color densities also have a meaning and aims to displays if the value of the indicator is falling or growing, darker colors displays more intense move comparing to light one
Note : band's upper and lower levels are calculated by using standard deviation build-in function with multiply factor of 0.236 Fibonacci’s ratio (just a number for our case, no any meaning)
Smoothing
No smoothing is applied by default but the capability is added in case Price Convergence/Divergence Line is assumed to be used as a signal line it will be worth smoothing the bear, bull or sum of bear and bull power indicators
Interpreting Elder-Ray Indicator, according to Dr. Alexander Elder
Bull Power should remain positive in normal circumstances, while Bear Power should remain negative in normal circumstances. In case the Bull Power indicator enters into negative territory, this implies that sellers have overcome buyers and control the market. In case the Bear Power indicator enters into positive territory, this indicates that buyers have overcome sellers and control the market. A trader should not go long at times when the Bear Power indicator is positive and he/she should not go short at times when the Bull Power indicator is negative.
13-period EMAs slope can be used in order to identify the direction of the major trend. According to Elder, the most reliable buy signals are generated, when there is a bullish divergence between the Bear Power indicator and the price (Bear Power forms higher lows, while the market forms lower lows). The most reliable sell signals are generated, when there is a bearish divergence between the Bull Power indicator and the price (Bull Power forms lower highs, while the market forms higher highs).
There are four basic conditions, required to go long or short, with the use of the Elder-Ray method alone.
In order to go long:
1. The market is in a bull trend, as indicated by the 13-period EMA
2. Bear Power is in negative territory, but increasing
3. The most recent Bull Power top is higher than its prior top
4. Bear Power is going up from a bullish divergence
The last two conditions are optional that fine-tune the buying decision
In order to go short:
1. The market is in a bear trend, as indicated by the 13-period EMA
2. Bull Power is in positive territory, but falling
3. The most recent Bear Power bottom is lower than its prior bottom
4. Bull Power is falling from a bearish divergence
The last two conditions are optional, they provide a stronger signal for shorting but they are not absolutely essential
If a trader is willing to add to his/her position, he/she needs to:
1. add to his/her long position, when the Bear Power falls below zero and then climbs back into positive territory
2. add to his/her short position, when the Bull Power increases above zero and then drops back into negative territory.
note : terminology of the definitions used herein are as per TV dictionary
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
Disclaimer : The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
20 and 200 SMA indicators with unnecessary additionsAs many of you know, world famous Oliver Velez uses the simple 20 and 200 simple moving averages on 2 min time frame with price actions above or below these key SMAs for day/scalp trading involving narrow state versus wide state trend or anti-trend methods. The 20 SMA line uses different colors to indicate whether it is going up or down.
Against Oliver's advice, I also unnecessarily added boll bands on the 200 SMA, two +/- percent lines off 200 SMA to measure how far away prices are from the 200 SMA. I also added 10 ema cross 20 SMA cross signal, MACD line up /down, RSI crossover RSI SMA for those are want to make things complicated or might find they helpful. You can turn off all these ideally to Keep It Simple.
Again trading success is 80% psychology and 20% a good trading system plus risk management. Good luck.
Price Continuation (The Strat)Shows the historic bar type, whether it is up, down, up and inside, down and inside, up and outside, or down and outside. Will only display historic bar type based on the selected time timeframe. (Ex. if you are looking at the weekly time frame, you will only see the bar type for Year, Quarter, Month, and Week. It will not display the Day or Hour bar type.)
Sequential Filter - An Original Filtering ApproachRemoving irregular variations in the closing price remain a major task in technical analysis, indicators used to this end mostly include moving averages and other kind of low-pass filters. Understanding what kind of variations we want to remove is important, irregular (noisy) variations have mostly a short term period, fully removing them can be complicated if the filter is not properly selected, for example we might want to fully remove variations with a period of 2 bars and lower, if we select an arithmetic moving average the filter output might still contain such variations because of the ripples in the frequency response passband, all it would take is a variation of high amplitude for that variation to be clearly visible.
Although all it would take for better filtering is a filter with better performance in the frequency domain (gaussian, Butterworth, Bessel...) we can design innovative approaches that does not rely on the model of classical moving averages, today a new technical indicator is proposed, the technical indicator fully remove variations lower than the selected period.
The Indicator Approach
In order for the indicator output to change the closing price need to produce length consecutive up's/down's, length control the variation threshold of the indicator, variations lower than length are fully removed. Lets see a visual example :
Here length = 3, the closing price need to make 3 consecutive up's/down's, when the sequence happen the indicator output is equal to src , here the closing price, else the indicator is equal to its precedent value, hence removing other variations. The value of 3 is the value by default, this is because i have seen in the past that the average smallest variations period where in general of 3 bars.
Because the indicator focus only on the variation sign, it totally ignore the amplitude of the movement, this provide an effective way to filter short term retracement in a fluctuation as show'n below :
The candle option of the indicator allow the indicator to only focus on the body color of a candle, thus ignoring potential gaps, below is an example with the candle option off :
If we activate the "candle" option we end up with :
Note that the candle option is based on the closing and opening price, if you use the indicator on another indicator output make sure to have the candle option off.
Length and Indicator Color
The closing price is infected by noise, and will rarely make a large sequence of consecutive up's/down's, the indicator can therefore be useful to detect consecutive sequence of length period, here 6 is selected on BTCUSD :
A consecutive up's/down's of period 6 can be considered a relatively rare event.
It is important to note that the color of the indicator used by default has nothing to do with the consecutive sequence detected, that is the indicator turning red doesn't necessarily mean that a consecutive down's sequence has occurred, but only that this sequence has occurred at a lower value than the precedent detected sequence. This is show'n below :
In order to make the indicator color based on the detected sequence check the "Color Based On Detected Sequence" option.
Conclusion
An original approach on filtering price variations has been proposed, i believe the indicator code is elegant as well as relatively efficient, and since high values of length can't really be used the indicator execution speed will remain relatively fast.
Thanks for reading !
Market Delta [Makit0]MARKET DELTA INDICATOR v0.5 beta
Market Delta is suitable for daytrading on intraday timeframes, is a volume based indicator which allows to see the UP VOLUME vs the DOWN VOLUME, the DELTA (difference) and the CUMULATIVE DELTA (cumulative sum of difference) between them
This indicator is based on contracts volume (data avaiable), not in ask/bid volume (data not avaiable)
The up/down volume is calculated at each candle as follows:
- calculate the ticks of the range, top wick and bottom wick
- calculate the ticks up and ticks down to get the total ticks of the candle
- calculate the volume per tick as total volume divided by total ticks
- calculate the up and down volume as volume per tick multiplied by up ticks and down ticks
The delta is calculated as volume up minus volume down
The cumulative delta is a cumulative sum of delta and is resetted to 0 twice a day at the globex open and at the us cash open
By default the indicator plots the 'CANDLE MODE' which is useful for charting the cumulative volume to find out support and resistance zones where the volume is rejected or pass thru, as the volume moves so does the price, price always follows the volume, price goes away from where volume dries and price auctions comfortable where is plenty of volume, in a way PRICE FEEDS ON VOLUME
An indication about the plotting style in the volume, delta and cumulative delta modes: I can't use histogram as intended due a bug at autoresizing the scale in the candle mode, so the styles used are areabr and circles.
FEATURES
- Plot volume in one of four modes: Volume Up/Down, Delta, Cumulative Delta, Cumulative Delta as Candles
- Cumulative delta resetted twice a day (globex and cash open)
- Show a base line at 0
SETTINGS
- Mode: select one of the four volume output modes: Volume, Delta, Cumulative Delta and Candles. Candles by default
- Show zero line: show/hide the zero base line. False by default.
HOW TO SETTING UP THE INDICATOR:
BE AWARE, by default the indicator settings are configured for using the Cumulative Delta Candle Mode
- Candles Mode Settings: configured by default, mode candles and zero line off
- Volume, Delta, Cumulative Delta Mode Settings: select the mode you want and switch on/off the zero line
GOOD LUCK AND HAPPY TRADING
Rivanews Setup - Riva-Keltner, Média Rock [xdecow]This setup was created by Rivadavila S. Malheiros
There are 2 Keltner Channels with exponential moving averages of 21 (riva) and 89 (rock) and ATR multiplier of 0.618.
When the price is between the bands, it is a sign of consolidation (yellow).
When the price is above the bands, it is an upward trend (green).
When the price is below the bands, it is a downward trend (red).
When the price crosses rock 89 and closes up / down, it may be a sign of a reversal. But it has a high probability of testing rock 89 again.
------------------------------------------------------------------------------------------
PT-BR
Este setup foi criado por Rivadavila S. Malheiros
São 2 Keltner Channels com médias móveis exponenciais de 21 (riva) e 89 (rock) e multiplicador do ATR de 0.618.
Quando o preço está entre as bandas, é sinal de consolidação (amarelo).
Quando o preço está acima das bandas, é uma tendencia de alta (verde).
Quando o preço está abaixo das bandas, é uma tendencia de baixa (vermelho).
Quando o preço cruza a rock 89 e fecha acima/abaixo, pode ser sinal de reversão. Mas tem uma alta probabilidade de testar a rock 89 novamente.
Multi-TF Avg BBandsMULTI-TF AVERAGE BBANDS - with signals (BETA)
Overall, it shows where the price has support and resistance, when it's breaking through, and when its relatively low/high based on the magic of standard deviation.
created by gamazama. send me a shout if u find this useful, or if you create something cool with it.
%BB: The price's position in the boilinger band is converted to a range from 0-1. The midpoint is at 0.5
Description of parameters
"BB:Window Length" is the standard BB size of 20 candles.
The indicator plots up to 7 different %BB's on different timescales
They are calculated independently of the timescale you are viewing eg 12h, 3d, 30m will be the same output
You can enter 7 timescales, eg. if you want to plot a range of bbands of the 12h up to 3d graphs, enter values between 0.5 and 3 (days) - you can also select 0 to disable and use less timescales, or select hours or minutes
Take note if you eg. double the main multiplier to 40, it is the same as doubling all your timescales
You can turn the transparency of the 7 x %BB's to 100 to hide them, their average is plotted as a thick cyan line
"Variance" is a measure of how much the 7 BB's agree, and changes colour based on the thresholds used for the strategy
---- TO START FROM SCRATCH ----
- set all except one to ZERO (0), set to 0, and everything after to 0.
Turn ON and right click -> move the indicator to a new pane - this will show you the internal workings of the indicator.
Then there is a few standard settings
"Source Smoothing Amount" applies a basic small sma on the price.
It should be turned down when viewing candles with less information, like 1D or more.
Standard BBands use an SMA, there one uses a blend between VWMA or SMA
Volume Weight settings, the same as SMA at 0, and the same as VWMA at 1
BB^2 is a bband drawn around the average %BB. Adjust the to change its window length
The BB^2 changes color when price moves up or down
Now its time to look at the parameters which affect the buy/sell signals
turn on "show signal range" - you see some red lines
buy and sell each have 4 settings
min/max variance will affect the brigtness of the signal range
range adjust will move the range up/down
mix BB^2 blends between a straight line (0) and BB^2's top or bottom (1)
a threshold of "variance" and "h/l points" is available to generate weaker signals.
these thresholds can be increased to show more weak signals
ONCE YOU ARE HAPPY WITH THE SIGNALS being generated, you can turn OFF , and move it back to the price pane
the indicator then draws a bband around the price to maps some info into the chart:
fills a colour between 0.5 & the mid BB^2 and converts relative to the price chart
draws a line in the middle of the midband.
controls how much these lines diverge from the price - adjust it to reduce noise
converts the signal range (red lines) to be relative to the price chart
if you like, you can adjust the sell & buy signals in the tab from and to and to match the picture. It messes with auto-scaling when moving back to though
enjoy, I hope that is easy enough to understand, still trying to make this more user-friendly.
If you want to send me some token of appreciation - btc: 33c2oiCW8Fnsy41Y8z2jAPzY8trnqr5cFu
I promise it will put a fat smile on my face
Karobein OscillatorDeveloped by Emily Karobein, the Karobein oscillator is an oscillator that aim to rescale smoothed values with more reactivity in a range of (0,1)
Calculation
The scaling method is similar to the one used in a kalman filter for the kalman gain.
We first average the up/downs x, those calculations are similar to the ones used for calculating the average gain/loss in the relative strength index.
a = ema(src < src ? x : 0,length)
b = ema(src > src ? x : 0,length)
where src is a exponential moving average of length period and x is src/src in the standard calculations, but anything else can be used as long as x > 0 .
Then we rescale the results.
c = x/(x + b)
d = 2*(x/(x + c*a)) - 1
How To Use
It is better to use centerline-cross/breakouts/signal line.
In general when we use something smooth as input in oscillators, breakouts are better than reversals, you can see this with the stochastic and rsi.
So a simple approach could be buying when crossing over 0.8 and selling when crossing under 0.2.
Here is the balance of a strategy using those conditions, length = 50 .
20 trades have been mades since the 29 oct we made 341 pips with eur/usd, of course this backtest was made during good trends period,
this result is not representative of how the strategy work with other conditions/markets.
For any questions/suggestions feel free to contact me
Katana Gaps Bounty Hunter Pro (Show Gaps of All Types) by RRBKatana Gaps Bounty Hunter Pro (KGB Hunter Pro, Gap Exterminator) by RagingRocketBull 2018
Version 1.0
This indicator shows/counts/filters gaps on a chart.
There are several versions: Simple, Pro, Advanced and Zones. This is the Pro version. The Differences are listed below.
- Simple: shows/counts gaps, changes color based on gap dir (2 colors), filters out price gaps within session, large gaps, and high volume gaps
- Pro: +shows all types of gaps, multi color, pro filters (full/partial/overlapping time, price, large, candle, volume, doji, weekend gaps within delta ranges)
- Advanced: +session times mask, show/count gaps only for last N bars, +min/max/filled gaps stats, dark mode
- Zones: +shows gaps as dynamic horiz zones
KGB Hunter Pro Gap Exterminator focuses on showing you all possible types of gaps in multiple colors. Gap theory states that price tends to return and fill the gaps,
so you can use it to collect the bounty. You can apply any combination of complex filters to narrow down search results i.e., find only all:
- type 3 gaps up with allowed wick-candle overlapping of up to 10% and
- gap size larger than 200 and
- with at least one of the candles larger than 100 and
- volume change at least 40 and
- spanning less than 2 bar periods and
- excluding weekend gaps
Features:
- highlights gaps using barcolor and plotchar chars (8 colors x 2 dirs)
- supports all 3 types of gap overlapping: full gap (no overlapping), wick-wick and wick-body overlapping up to a specified % of candle body
- finds all types of gaps with pro filters for price, time, large, volume, timerange, candle size, doji gaps
- individual show/hide flags for each gap/char based on gap type
- can show/hide gaps/chars based on gap dir
- changes color of gaps/chars based on gap dir/type, multi color gap type combos
- displays chars above/below bar based on gap dir
- can show/hide weekend gaps
- counts all filtered gaps
Colors:
Basically There are 2 gap types (Price, Time) x 2 directions (Up, Down) x 2 modifiers (Large, Volume), Volume Gap is a separate class with its own modifiers, so more accurately:
- (Price, Time) x 2 directions (Up, Down) x Large modifier
- (Price Volume, Time Volume) x 2 directions (Up, Down) x Large modifier
using a total of 16+1 colors or 8+1 base colors + transparency modifier
depending on settings you can highlight gaps using any multi color combo from just 1 to all 16 colors (+1 gray color for weekends).
basic gap = 1 base color with normal transparency
price,time = 2 base colors (including basic gap) with normal transparency (+1 color)
* up,down dir = +2 new base colors with normal transparency (including 2 base colors), with a total of 2*2 = 4 price/time base colors (+2 colors)
* large = same 4 base colors with vivid transparency modifier (+4 colors)
* volume = +2 new base colors with normal transparency, a separate class (+2 colors)
* volume * up,down dir = +another 2 new base colors with normal transparency (including 2 volume base colors), with a total of 2*2 = 4 volume base colors (+2 colors)
* volume * large = 4 volume base colors with vivid transparency modifier (+4 colors)
weekend_gap = gray (+1 color)
doji gap, candle gap, timerange gap = no special color, inherits color from parent gap type
for more details, please see the Gap Color Hierarchy comments in code
_________________________________________________________________________
You can find the following gap related terminology in literature: full, partial, extreme, breakaway, runaway/continuation, common, exhaustion gaps.
There are no exact rules to distinguish between them, so this can't be implemented.
When defining a gap it all boils down to how do you plot a gap, which points between adjacent candles do you consider a gap. Different sources apply different methodology
but in practice only 3 types of gap overlapping can exist:
- full gap (no overlapping),
- partial (wick-wick overlapping) and
- extreme partial (wick-body overlapping up to a specified % of a candle body)
All these types are supported in this script. The only possible remaining option is candle-candle overlapping which is not a gap by definition.
Many other script specific subtypes are also supported. Please see description of each gap type below and comments in code.
General display modes
- gap has 3 possible overlapping modes: full gap (no overlapping), wick-wick overlapping, wick-candle overlapping up to a specified % of candle body size (for mode 3 only)
the remaining candle-candle overlapping implies not a gap by definition
full gap mode will find the least amount of gaps, wick-candle - the most
- gap can be either price or time, up or down, and shown above or below the candles (gap chars)
- by definition, a price gap is a smaller subset of a time gap, a gap within current session with a price gap and zero time lag between bars.
Therefore timerange filter is useless for price gaps, but can still be applied.
On the other hand, all price gap filters can be applied to time gaps without any distinction.
- gap can have multiple modifier subtypes: (price|time) * (up|down) * (large? + volume? + doji? + timerange? + weekend?)
i.e. price + large + volume + doji or time + large + volume + timerange + doji + weekend
- the gap is always counted only once no matter how many subtype modifiers it has
- if the gap does not satisfy any of the applied flags/filters it is not shown/counted (no gap bars/chars are shown)
- gap color can depend on a combo of gap type/dir and modifier subtypes or can be shown in a single base color
- char color can only depend on gap dir (not type/modifiers) or can be shown in a single base color
- char position can also depend on gap dir (above/below) the gap candle. Alternatively you can pin chars to the top/bottom of the screen in UI Styles.
- change_by_type = true - uses gap type base colors (2 colors + optional modifiers, up to 8 colors if volume and/or large filters are enabled)
- change_by_dir = true - uses gap dir base colors (2 colors + optional modifiers, up to 8 colors if volume and/or large filters are enabled)
- both change_by_type and change_by_dir = true - uses both gap type and dir base colors (4 colors + optional modifiers, up to 16 colors if volume and/or large filters are enabled)
- both change_by_type and change_by_dir = false - uses a single base gap color (1 color)
- don't need that much colors - disable filters
- highlight bars has priority over individual gap flags, when it is false all gaps are hidden regardless of their corresponding flag settings (does not affect dim weekend gaps)
- show chars has priority over individual gap char flags, when it is false all char flags are hidden regardless of their corresponding flag settings
- price gaps are only shown/counted when show_price_gaps flag is true. The large or volume filters can be used to narrow down results further.
- time gaps are only shown/counted when show_time_gaps flag is true. The large, volume, and timerange filters can be used to narrow down results further.
- doji gaps are only shown/counted when show_doji_gaps flag is true. The doji candle size and other filters can be used to narrow down results further.
- show weekend gaps = true and dim weekend gaps = false - shows/counts weekend gaps
- show weekend gaps = true and dim weekend gaps = true - dims weekend gaps, doesn't show/count weekwend gaps
- show/dim weekend gaps do just that - show the gap if it happens on a weekend, not all weekends
- large gaps are only shown/counted when the large filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <>
- volume gaps are only shown/counted when the volume filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <>
- timerange gaps are only shown/counted when the timerange filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <>
- candle size gaps are only shown/counted when the candle size filter is enabled != 0. positive values 5 (>= 5), negative -5 (<=5) are used to switch between <>
- candle size filter is the only filter with 2 arguments, use_and_for_delta to enable AND condition for the args (OR is the default)
Good Luck! Feel free to explore and learn from the code
SB_Compliment_RSI StrategyThe strategy modifies the original rsi strategy with the addition of compliment si (i.e. 100-rsi).
Strategy Idea: Previous rsi high and low value is recorded when the rsi crosses overBought(70) and OverSold(30) values.
Now when the rsi crosses above the overSold range, the rsi is matched with the compliment of previous high rsi value. If the compliment i.e.(100-prev_rsi_high) is less than or equal to rsi then long position is taken.
For short position, when the rsi crosses below the overBought range, the rsi is matched with the compliment of previous low rsi value. If compliment i.e.(100-prev_rsi_low) is greater than or equal to rsi.
Below s the code for the indicator present in the chart.
//@version=3
study(title="SB_Compliment_Relative Strength Index", shorttitle="RSI")
src = close, len = input(14, minval=1, title="Length")
up = rma(max(change(src), 0), len)
down = rma(-min(change(src), 0), len)
rsi = down == 0 ? 100 : up == 0 ? 0 : 100 - (100 / (1 + up / down))
plot(rsi, color=purple)
plot(100-rsi, color=orange)
band1 = hline(70)
band0 = hline(30)
fill(band1, band0, color=purple, transp=90)
The code also has switch code also which means it will enter the overBrought or overSold block one after the other.
Future modifications: Currently the value of rsi tracked is the one in which it crosses the overSold or OverBought range and not the highest/lowest value when the value is above/below OverBought/OverSold range.
Comment the perfect combination of indicators for it and will try to incorporate those indicators into it in the next version.
Message if you think of any modifications/ enhancements/ any opportunities. :)
Donations/Tips... :) -
BTC: 1BjswGcRR6c23pka7qh5t5k56j46cuyyy2
ETH: 0x64fed71c9d6c931639c7ba4671aeb6b05e6b3781
LTC: LKT2ykQ8QSzzfTDB6Tnsf12xwYPjgq95h4
Murrey Math Extremes ComparatorHOW IT WORKS
Creates two murrey math oscillators (hidden) one with 256 length another with 32 length and compare each other.
WHAT GIVE ME THIS SCRIPT
The script can give you very valuable information:
- Main Trend
- Pullbacks detections
- Extreme overbought oversold prices alerts
- Divergences
- Any timeframe usage
REFERENCES OF USAGE
Main Trend Indications
****The main trend is indicated with green(bull) or red(bears) small "triangles" on the bottom(bull) or the top(bears) of the chart.
*****To detect the Bull/Bear major trend the script use 256 murrey, if > 0 (green) we are uptrend in other cases we are downtrend
Pullback detection
****The pullbacks are indicated with Green(bull) or red(bears) medium "Arrows"
*****To detect pullbacks the system compare the long term murrey with the short term murrey, if long term is Green(green triangles)
*****so we are in a main bull trend, if the short term murrey make an extreme low then the pullback is indicated
*****The same for the short pullback, if long term murrey is RED and we have an extreme green short term murrey we shot a red arrow
Extreme Overbught/Oversold
****The extreme OO is indicated with fancy diamonds
*****To detect the Extremes price movements we combine the two murrey, if Long Term Murrey is overbought and short term murrey too
*****Then the diamond show on the screen obove or below based on the extreme if overbought or oversold
Strategy Resume:
Triangles indicate Major Trend Up/Down
Arrows Indicate Continuation pullbacks
Diamonds Indicate Extreme Prices
GUIDE HOW TO IMAGES
How it's works Behind Scene
Kay_BBandsV3This is the 3rd version of Kay_BBands.
When +DI (Directional Index ) is above -DI , then Upper band will be visible and vice-versa.
This is when the ADX is above the threshold. 28 is the default in this version. I found its more appealing in 5M time frame.
BLUE - ADX under 10
GREEN - Uptrend, ADX over 10
RED - Downtrend, ADX over 10
Use it with another band with setting 20, 0.6 deviation. Prices keeping above or below the 2nd bands upper or lower bounds shows trending conditions.
I didn't know how to update the old script so published it again.
Changes - :
1) Updated default settings for the indicator
2) ADX setting are now DI (28), ADX (10), adx level to check is 10.
3) IMPORTANT one - When DI is up/down, lower/upper band will also have color (more visible that way.)
Play around the settings.. It really eliminates extra indicator checking visually... Please like if you think idea is good.
CM ATR PercentileRankCM ATR PercentileRank - Great For Showing Market Bottoms.
When Increased Volatility to the Downside Reaches Extreme Levels it’s Usually a Sign of a Market Bottom.
This Indicator Takes the ATR and uses a different LookBack Period to calculate the Percentile Rank of ATR Which is a Great Way To Calculate Volatility
Be Careful Of Using w/ Market Tops. Not As Reliable.
***Ability to Control ATR Period and set PercentileRank to Different Lookback Period
***Ability to Plot Histogram Just Showing Percentiles or Histogram Based on Up/Down Close
Fuchsia Lines = Greater Than 90th Percentile of Volatility based on ATR and LookBack Period.
Red Lines = Warning — 80-90th Percentile
Orange Lines = 70-80th Percentile
Other Useful Indicators
Williams Vix Fix
CM_RSI EMA Is a Great Filter for Williams Vix Fix
CM_Gann_Swing_HighLowCustom Indicator - Gann Swing High Low
Uses New Plot Types
Inputs Tab Options:
Use Up/Down Arrows - Or Circles!
Turn Up/Down Arrows at Top and Bottom of Screen On/Off
New Top/Bottom of Screen Plot Types
New Up/Down Arrow Plot Types
Full Credit Goes to Glaz for Creating Code.
Created By Request for @dvk1970
Options Volatility Strategy Analyzer [TradeDots]The Options Volatility Strategy Analyzer is a specialized tool designed to help traders assess market conditions through a detailed examination of historical volatility, market benchmarks, and percentile-based thresholds. By integrating multiple volatility metrics (including VIX and VIX9D) with color-coded regime detection, the script provides users with clear, actionable insights for selecting appropriate options strategies.
📝 HOW IT WORKS
1. Historical Volatility & Percentile Calculations
Annualized Historical Volatility (HV): The script automatically computes the asset’s historical volatility using log returns over a user-defined period. It then annualizes these values based on the chart’s timeframe, helping you understand the asset’s typical volatility profile.
Dynamic Percentile Ranks: To gauge where the current volatility level stands relative to past behavior, historical volatility values are compared against short, medium, and long lookback periods. Tracking these percentile ranks allows you to quickly see if volatility is high or low compared to historical norms.
2. Multi-Market Benchmark Comparison
VIX and VIX9D Integration: The script tracks market volatility through the VIX and VIX9D indices, comparing them to the asset’s historical volatility. This reveals whether the asset’s volatility is outpacing, lagging, or remaining in sync with broader market volatility conditions.
Market Context Analysis: A built-in term-structure check can detect market stress or relative calm by measuring how VIX compares to shorter-dated volatility (VIX9D). This helps you decide if the present environment is risk-prone or relatively stable.
3. Volatility Regime Detection
Color-Coded Background: The analyzer assigns a volatility regime (e.g., “High Asset Vol,” “Low Asset Vol,” “Outpacing Market,” etc.) based on current historical volatility percentile levels and asset vs. market ratios. A color-coded background highlights the regime, enabling traders to quickly interpret the market’s mood.
Alerts on Regime Changes & Spikes: Automated alerts warn you about any significant expansions or contractions in volatility, allowing you to react swiftly in changing conditions.
4. Strategy Forecast Table
Real-Time Strategy Suggestions: At the close of each bar, an on-chart table generates suggested options strategies (e.g., selling premium in high volatility or buying premium in low volatility). These suggestions provide a quick summary of potential tactics suited to the current regime.
Contextual Market Data: The table also displays key statistics, such as VIX levels, asset historical volatility percentile, or ratio comparisons, helping you confirm whether volatility conditions warrant more conservative or more aggressive strategies.
🛠️ HOW TO USE
1. Select Your Timeframe: The script supports multiple timeframes. For short-term trading, intraday charts often reveal faster shifts in volatility. For swing or position trading, daily or weekly charts may be more stable and produce fewer false signals.
2. Check the Volatility Regime: Observe the background color and on-chart labels to identify the current regime (e.g., “HIGH ASSET VOL,” “LOW VOL + LAGGING,” etc.).
3. Review the Forecast Table: The table suggests strategy ideas (e.g., iron condors, long straddles, ratio spreads) depending on whether volatility is elevated, subdued, or spiking. Use these as a starting point for designing trades that match your risk tolerance.
4. Combine with Additional Analysis: For optimal results, confirm signals with your broader trading plan, technical tools (moving averages, price action), and fundamental research. This script is most effective when viewed as one component in a comprehensive decision-making process.
❗️LIMITATIONS
Directional Neutrality: This indicator analyzes volatility environments but does not predict price direction (up/down). Traders must combine with directional analysis for complete strategy selection.
Late or Missed Signals: Since all calculations require a bar to close, sharp intrabar volatility moves may not appear in real-time.
False Positives in Choppy Markets: Rapid changes in percentile ranks or VIX movements can generate conflicting or premature regime shifts.
Data Sensitivity: Accuracy depends on the availability and stability of volatility data. Significant gaps or unusual market conditions may skew results.
Market Correlation Assumptions: The system assumes assets generally correlate with S&P 500 volatility patterns. May be less effective for:
Small-cap stocks with unique volatility drivers
International stocks with different market dynamics
Sector-specific events disconnected from broad market
Cryptocurrency-related assets with independent volatility patterns
RISK DISCLAIMER
Options trading involves substantial risk and is not suitable for all investors. Options strategies can result in significant losses, including the total loss of premium paid. The complexity of options strategies requires thorough understanding of the risks involved.
This indicator provides volatility analysis for educational and informational purposes only and should not be considered as investment advice. Past volatility patterns do not guarantee future performance. Market conditions can change rapidly, and volatility regimes may shift without warning.
No trading system can guarantee profits, and all trading involves the risk of loss. The indicator's regime classifications and strategy suggestions should be used as part of a comprehensive trading plan that includes proper risk management, directional analysis, and consideration of broader market conditions.
Directional Strength IndexThis indicator is designed to detect the dominant market direction and quantify its strength by aggregating signals across six key timeframes: 1H, 4H, 1D, 3D, 1W, and 1M.
At its core, it uses a SMEMA 'the Simple Moving Average of an EMA' as the main trend reference. This hybrid smoothing method was chosen for its balance: the EMA ensures responsiveness to recent price moves, while the SMA dampens short-term volatility. This makes the SMEMA more stable than a raw EMA and more reactive than a simple SMA, especially in noisy or volatile environments.
For each timeframe, a score between -10 and +10 is calculated. This score reflects:
- the distance of the price from the SMEMA, using ATR as a dynamic threshold
- the number of price deviations above or below the SMEMA
- the slope of the SMEMA, which adjusts the score based on momentum
These six timeframe scores are then combined into a single Global Score, using weighted averages. Three weighting profiles are available depending on your trading horizon:
- Long Term: emphasizes weekly and monthly data
- Swing Trading: gives balanced importance to all timeframes
- Short Term: prioritizes 1H and 4H action
This multi-timeframe aggregation makes the indicator adaptable to different styles while maintaining a consistent logic.
The result is displayed in a table on the chart, showing:
- the trend direction per timeframe (up, down or neutral)
- the strength score per timeframe
- the overall trend direction and strength based on the selected profile
Optional deviation bands based on ATR multiples are also plotted to provide visual context for overextensions relative to the SMEMA.
This indicator is non-repainting and built for objective, trend-based decision making.
Z-Score Adaptive Connors RSIZ-Score Adaptive Connors RSI blends the classic three-component Connors RSI (RSI, Up/Down streak RSI, and Percentile Rank of 1-bar ROC) with a dynamic z-score filter that distinguishes trending vs. mean-reverting market regimes.
When the indicator detects an extreme deviation (|z-score| > threshold) , it switches to “trending” mode and tightens entry thresholds for capturing momentum. When markets are in a more neutral regime, it reverts to wider thresholds, hunting for overbought/oversold reversals.
Key Features
Connors RSI Core: Combines price momentum, streak measurements, and velocity for a robust baseline oscillator. Z-Score Regime Filter: Computes the z-score of the Connors RSI over a lookback window to adapt your trading style to trending vs. reverting environments.
Dynamic Thresholds: Separate user-configurable thresholds for trending (“tight” entries) and mean-reverting (“wide” entries) scenarios.
Inputs & Parameters
Connors RSI Settings
RSI Source: Price series for RSI calculation (default: Close)
RSI Length: Period for price‐change RSI (default: 24)
Up/Down Length: Period for streak RSI (default: 20)
ROC Length: Period for percentile‐rank of 1-bar return (default: 75)
Z-Score Filter
Lookback: Number of bars to compute mean and standard deviation of Connors RSI (default: 14)
Threshold: Minimum |z-score| to enter “trending” mode (default: 1.5)
Entry Thresholds
Trending Long/Short: Upper and lower RSI Thresholds when trending
Reverting Long/Short: Upper and lower RSI Thresholds when reverting
Candle Volume Profile Marker# 📊 Candle Volume Profile Marker (CVPM)
**Transform your chart analysis with precision volume profile levels on every candle!**
The Candle Volume Profile Marker displays key volume profile levels (POC, VAH, VAL) for individual candles, giving you granular insights into price acceptance and rejection zones at the micro level.
## 🎯 **Key Features**
### **Core Levels**
- **POC (Point of Control)** - The price level with highest volume concentration
- **VAH (Value Area High)** - Upper boundary of the value area
- **VAL (Value Area Low)** - Lower boundary of the value area
- **Customizable Value Area** - Adjust percentage from 50% to 90%
### **Flexible Display Options**
- **Current Candle Only** or **Historical Lookback** (1-50 candles)
- **Multiple Visual Styles** - Lines, dots, crosses, triangles, squares, diamonds
- **Smart Line Extensions** - Right only, both sides, or left only
- **4 Line Length Modes** - Normal, Short, Ultra Short, Micro (for ultra-clean charts)
- **Full Color Customization** - Colors, opacity, line width
- **Adjustable Marker Sizes** - Tiny to Large
### **Advanced Calculation Methods**
Choose your POC calculation:
- **Weighted** - Smart estimation based on volume distribution (default)
- **Close** - Uses closing price
- **Middle** - High-Low midpoint
- **VWAP** - Volume weighted average price
### **Professional Tools**
- **Real-time Info Table** - Current levels display
- **Smart Alerts** - POC crosses and Value Area breakouts
- **Highlight Current Candle** - Extended dotted lines for current levels
- **Developing Levels** - Real-time updates for active candle
## 🚀 **Why Use CVPM?**
### **Precision Trading**
- Identify exact support/resistance on each candle
- Spot volume acceptance/rejection zones
- Plan entries and exits with micro-level precision
### **Clean & Customizable**
- Lines extend only right (eliminates confusion)
- Ultra-short line options for minimal chart clutter
- Professional appearance with full customization
### **Multiple Timeframes**
- Works on any timeframe from 1-minute to monthly
- Historical analysis with adjustable lookback
- Real-time developing levels
## 📈 **Perfect For**
- **Day Traders** - Micro-level entry/exit points
- **Swing Traders** - Key levels for position management
- **Volume Analysis** - Understanding price acceptance zones
- **Support/Resistance Trading** - Precise level identification
- **Breakout Trading** - Value area breakout alerts
## ⚙️ **Easy Setup**
1. Add indicator to your chart
2. Choose your preferred visual style (lines/dots)
3. Select line extension (right-only recommended)
4. Adjust line length (try "Ultra Short" for clean charts)
5. Customize colors and enable alerts
## 🎨 **Customization Groups**
- **Display Options** - What to show and how many candles
- **Calculation** - POC method and value area percentage
- **POC Visual** - Style, color, width, length for Point of Control
- **Value Area Visual** - Style, color, width, length for VAH/VAL
- **Line Settings** - Extension direction and length modes
- **Size** - Marker sizes and opacity
## 🔔 **Built-in Alerts**
- Price crosses above/below POC
- Value Area breakouts (up/down)
- Fully customizable alert messages
## 💡 **Pro Tips**
- Use "Right Only" extension to avoid confusion about which candle owns the levels
- Try "Ultra Short" or "Micro" line modes for cleaner charts
- Enable "Highlight Current Candle" for extended reference lines
- Combine with volume indicators for enhanced analysis
- Use different colors for easy POC/VAH/VAL identification
---
**Transform your volume analysis today with the most flexible and customizable candle-level volume profile indicator available!**
*Perfect for traders who demand precision and clean, professional charts.*
Parabolic-Fibonacci MA ForecastThis indicator displays a series of projected price levels based on Fibonacci moving averages. For each selected Fibonacci period, it calculates a simple moving average (SMA) and mirrors the distance from the current price to that SMA in the opposite direction, creating a vertical forecast distance. These forecast distances are drawn forward into the future using geometric spacing (squared increments: 1², 2², 3², etc.), creating a fan-like or polyline visual structure.
Users can choose between three display modes:
Fan: Lines drawn from the current price to projected values at increasing intervals
Polyline: Forecast points connected to form a jagged projection path
Both: Displays both fan and polyline structures simultaneously
Options are provided to adjust the number of Fibonacci lines (up to 12), line width, and colors for lines above/below price or up/down slope.
This tool can help visualize directional price tendencies using multiple SMA-based forecasts in a spatially meaningful layout.
EWMA & EWVar + EWStd Expansion with MTF_V.5EWMA & EWVar + EWStd Expansion with MTF_V.5
This indicator combines adaptive trend smoothing (EWMA), variance estimation (EWVar) and dynamic volatility “bursts” (EWStd Expansion) with optional higher-timeframe confirmation. It’s designed both for visual chart analysis and for automated alerts on regime changes.
Key Features
EWMA (Exponential Smoothing):
• Computes an exponential moving average with either a custom α or a length-derived α = 2/(N+1).
• Option to recalculate only every N bars (reduces CPU load).
EWVar & EWStd (Variance & Standard Deviation):
• Exponentially weighted variance tracks recent price dispersion.
• EWStd (σ) is computed alongside the EWMA.
• Z-score (deviation in σ units) shows how far price has diverged from trend.
Multi-Timeframe Filter (MTF):
• Optionally require the same trend direction on a chosen higher timeframe (e.g. Daily, Weekly, H4).
• Real-time lookahead available (may repaint).
Gradient Around EWMA:
• A multi-layer “glow” zone of ±1σ, broken into up to 10 steps.
• Color interpolates between “upper” and “lower” shades for bullish, bearish and neutral regimes.
Instantaneous Trendline (ITL):
• Ultra-fast trend filter with slope-based coloring.
• Highlights micro-trends and short-lived accelerations.
Cross-Over Signals (ITL ↔ EWMA):
• Up/down triangles plotted when the ITL crosses the main EWMA.
EWStd Expansion (Volatility Bursts):
• Automatically detects σ expansions (σ growth above a set % threshold).
• Price filter: only when price moves beyond EWMA ± (multiplier·σ).
• Optional higher-timeframe confirmation.
Labels & Alerts:
• Text labels and circular markers on bars where a volatility burst occurs.
• Built-in alertcondition calls for both bullish and bearish expansions.
How to Use
Visual Analysis:
• The gradient around EWMA shows the width of the volatility channel expanding or contracting.
• ITL color changes instantly highlight short-term impulses.
• EWMA line color switches (bullish/bearish/neutral) indicate trend state.
Spotting Volatility Breakouts:
• “EWStd Expansion” labels and circles signal the onset of strong moves when σ spikes.
• Useful for entering at the start of new impulses.
Automated Alerts:
• Set alerts on the built-in conditions “Bullish EWStd Expansion Alert” or “Bearish EWStd Expansion Alert” to receive a popup or mobile push when a burst occurs.
This compact tool unifies trend, volatility and multi-timeframe analysis into a single indicator—ideal for traders who want to see trend direction, current dispersion, and timely volatility burst signals all at once.
Eigenvector Centrality Drift (ECD) - Market State Network What is Eigenvector Centrality Drift (ECD)?
Eigenvector Centrality Drift (ECD) is a groundbreaking indicator that applies concepts from network science to financial markets. Instead of viewing price as a simple series, ECD models the market as a dynamic network of “micro-states”—distinct combinations of price, volatility, and volume. By tracking how the influence of these states changes over time, ECD helps you spot regime shifts and transitions in market character before they become obvious in price.
This is not another moving average or momentum oscillator. ECD is inspired by eigenvector centrality—a measure of influence in network theory—and adapts it to the world of price action, volatility, and volume. It’s about understanding which market states are “in control” and when that control is about to change.
Theoretical Foundation
Network Science: In complex systems, nodes (states) and edges (transitions) form a network. Eigenvector centrality measures how influential a node is, not just by its direct connections, but by the influence of the nodes it connects to.
Market Micro-States: Each bar is classified into a “state” based on price change, volatility, and volume. The market transitions between these states, forming a network of possible regimes.
Centrality Drift: By tracking the centrality (influence) of the current state, and how it changes (drifts) over time, ECD highlights when the market’s “center of gravity” is shifting—often a precursor to major moves or regime changes.
How ECD Works
State Classification: Each bar is assigned to one of N market micro-states, based on a weighted combination of normalized price change, volatility, and volume.
Transition Matrix: Over a rolling window, ECD tracks how often the market transitions from each state to every other state, forming a transition probability matrix.
Centrality Calculation: Using a simplified eigenvector approach, ECD calculates the “influence” score for each state, reflecting how central it is to the network of recent market behavior.
Centrality Drift: The indicator tracks the Z-score of the change in centrality for the current state. Rapid increases or decreases, or a shift in the dominant state, signal a potential regime shift.
Dominant State: ECD also highlights which state currently has the highest influence, providing insight into the prevailing market character.
Inputs:
🌐 Market State Configuration
Number of Market States (n_states, default 6): Number of distinct micro-states to track.
3–4: Simple (Up/Down/Sideways)
5–6: Balanced (recommended)
7–9: Complex, more nuanced
Price Change Weight (price_weight, default 0.4):
How much price movement defines a state. Higher = more directional.
Volatility Weight (vol_weight, default 0.3):
How much volatility defines a state. Higher = more regime focus.
Volume Weight (volume_weight, default 0.3):
How much volume defines a state. Higher = more participation focus.
🔗 Network Analysis
Transition Matrix Window (transition_window, default 50): Lookback for building the state transition matrix.
Shorter: Adapts quickly
Longer: More stable
Influence Decay Factor (influence_decay, default 0.85): How much influence propagates through the network.
Higher: Distant transitions matter more
Lower: Only immediate transitions matter
Drift Detection Sensitivity (drift_sensitivity, default 1.5): Z-score threshold for significant centrality drift.
Lower: More signals
Higher: Only major shifts
🎨 Visualization
Show Network Visualization (show_network, default true): Background color and effects based on network structure.
Show Centrality Score (show_centrality, default true): Plots the current state’s centrality measure.
Show Drift Indicator (show_drift, default true): Plots the centrality drift Z-score.
Show State Map (show_state_map, default true): Dashboard showing all state centralities and which is dominant.
Color Scheme (color_scheme, default "Quantum"):
“Quantum”: Cyan/Magenta
“Neural”: Green/Blue
“Plasma”: Yellow/Pink
“Matrix”: Green/Black
Color Schemes
Dynamic gradients reflect the current state’s centrality and drift, using your chosen color palette.
Background network effect: The more central the current state, the more intense the background.
Centrality and drift lines: Color-coded for clarity and regime shift detection.
Visual Logic
Centrality Score Line: Plots the influence of the current state, with glow for emphasis.
Drift Indicator: Histogram of centrality drift Z-score, green for positive, red for negative.
Threshold Lines: Dotted lines mark the drift sensitivity threshold for regime shift alerts.
State Map Dashboard: Top-right panel shows all state centralities, highlights the current and dominant state, and visualizes influence with bars.
Information Panel: Bottom-left panel summarizes current state, centrality, dominant state, drift Z-score, and regime shift status.
How to Use ECD
Centrality Score: High = current state is highly influential; low = state is peripheral.
Drift Z-Score:
Large positive/negative = rapid change in influence, regime shift likely.
Near zero = stable network, no major shift.
Dominant State: The state with the highest centrality is “in control” of the market’s transitions.
State Map: Use to see which states are rising or falling in influence.
Tips:
Use fewer states for simple markets, more for nuanced analysis.
Watch for drift Z-score crossing the threshold—these are your regime shift signals.
Combine with your own system for confirmation.
Alerts:
ECD Regime Shift: Significant centrality drift detected—potential regime change.
ECD State Change: Market state transition occurred.
ECD Dominance Shift: Dominant market state has changed.
Originality & Usefulness
ECD is not a mashup or rehash of standard indicators. It is a novel application of network science and eigenvector centrality to market microstructure, providing a new lens for understanding regime shifts and market transitions. The state network, centrality drift, and dashboard are unique to this script. ECD is designed for anticipation, not confirmation—helping you see the market’s “center of gravity” shift before price action makes it obvious.
Chart Info
Script Name: Eigenvector Centrality Drift (ECD) – Market State Network
Recommended Use: Any asset, any timeframe. Tune parameters to your style.
Disclaimer
This script is for research and educational purposes only. It does not provide financial advice or direct buy/sell signals. Always use proper risk management and combine with your own strategy. Past performance is not indicative of future results.
See the market as a network. Anticipate the shift in influence.
— Dskyz , for DAFE Trading Systems
