Market Thrust IndicatorThe Market Thrust indicator is a powerful measure of the stock market's internal strength or weakness. There are four components to this indicator:
1-Advancing Issues on the New York Stock Exchange (NYSE) – $ADV
2-Advancing Volume on the NYSE – $UVOL
3-Declining Issues on the NYSE – $DECL
4-Declining Volume on the NYSE – $DVOL
The formula for Market Thrust is given below:
($ADV x $UVOL)-($DECL x $DVOL)
When used for day-trading, the trend of the Market Thrust indicator is what is most important.
Rising Market Thrust Indicator: Considered a bullish sign; can act as a confirmation signal when combined with a rising stock, index ETF, or stock index future's price.
Falling Market Thrust Indicator: Considered a bearish sign; can act as a confirmation signal of a decreasing market price.
The Market Thrust indicator could be used for detecting divergences in trends. Divergences occur when:
- Price is trending higher, but the Market Thrust indicator is not moving higher or is even going down.
- Price is trending lower, however, the Market Thrust technical analysis tool is not trending lower, it is either not trending or is trending higher.
Add a fully configurable trend line over MTI.
Read more at: commodity.com
在腳本中搜尋"bear"
MAC-Z & MACD Leader signal [ChuckBanger]This is a combination of my MACD Leader script and MAC-Z with option to add Laguerre filter. The advantage of the MAC-Z over MACD is that it is a more accurate and “assumption-free” indicator that can more accurately describe how a market actually perform. But you can use this as a regular MACD indicator.
Crossovers signals
The MAC-Z line and signal line can be utilized in the same way as a stochastic oscillator, with the crossover between the two lines providing buy and sell signals. As with most crossover strategies, a buy signal comes when the shorter-term, more reactive line – in this case the MAC-Z line (blue line) crosses above the slower signal line (orange line). For example, when the MAC-Z line crosses below the signal line it provides a bearish sell signal.
Zero line crossing
The zero cross strategy is based on either of the lines crossing the zero line. If the MAC-Z crosses the zero line from below, it is a signal for a possible new uptrend, while the MAC-Z crossing from above is a signal that a new downtrend may be starting. This is special powerful if the lines has a fast up or down movement but the price action doesn't reflect that movement.
Divergences
Bearish and bullish divergences is my favorite signals. When price action and oscillators follow the same path it is called Convergences, when they don’t, it’s called a Divergence. Don't confuse the two because they have not the same meaning. But be aware that for example during consolidation or low liquidity, some small divergences between price and indicators might form, but that doesn't mean we should consider them as real divergences.
There is many different types of divergences. It is easier to show a picture then explaining it so I recommend you to check out the link below. Especially the top image. It sums this up very well
medium.com
MACD Leader
The MACD leader is only showing the crossing of MACD as a vertical line
Green vertical line = MACD Leader Bullish Cross
Red vertical line = MACD Leader Bearish Cross
MACD Leader:
MAC-Z:
More Information
cssanalytics.wordpress.com
en.wikipedia.org
drive.google.com
Engulfing Scanner v1This indicator helps you to quickly identify bullish and bearish engulfing patterns.
Works on currencies only (pips required).
Differential Price Counter for Bullish/Bearish BarsThis script can show the cumulative differential price of both bullish/bearish bars with the 0.1pip precision for the currencies having five decimal precision. However, can be useful for all markets.
RepulseThis indicator was originally developed by Eric Lefort, a professional trader and author from France.
It gauges and displays the bullish or bearish pressure.
Like and follow for more open source indicators!
Happy Trading!
Bill Williams. Candles bear / bullish spread + Alligator.Bill Williams. Candles bear / bullish spread + Alligator.
RSI_EMA & Bearish EngulfingThis is a RSI-RSI of EMA and bearish candlestick reversal pattern formed by two candlesticks. Following an uptrend, the first candlestick is a up candlestick which is followed by a down candlestick which has a long real body that engulfs or contains the real body of the prior bar. following an uptrend, if RSI and EMA line cross then Sell and for downtrend if RSI and EMA line cross then Buy.
Bullish/Bearish Candelstick patternHey!
This time I took the pattern recognizer from a previous script I worked.
It overlays the Arrows on the chart.
Legend:
#Maroon colour: Strong bearish signal
#Red colour: Bearish signal
#Dark Green colour: Strong bullish signal
#Lime: Bullish signal
NOTE: Also, you can untick the patterns you don't find useful, but I kept every pattern to get a complete script.
I unticked:
Morning Star
Evening Star
Shooting Star
Bullish Harami (too bearish on corrective phase)
Hanging Man
Red Cloud Cover
Better RSI with bullish / bearish market cycle indicator This script improves the default RSI. First. it identifies regions of the RSI which are oversold and overbought by changing the color of RSI from white to red. Second, it adds additional reference lines at 20,40,50,60, and 80 to better gauge the RSI value. Finally, the coolest feature, the middle 50 line is used to indicate which cycle the price is currently at. A green color at the 50 line indicates a bullish cycle, a red color indicators a bearish cycle, and a white color indicates a neutral cycle.
The cycles are determined using the RSI as follows:
if RSI is overbought, cycle switches to bullish until RSI falls below 40, at which point it becomes neutral
if RSI is oversold, cycle switches bearish until RSI rises above 60, at which point it becomes neutral
a neutral cycle is exited at either overbought or oversold conditions
Very useful, please give it a try and let me know what you think
CCI AnalysesThis script analyses the CCI indicator values, showing when a fall in price or a rise in price may happen, or when the CCI is confirming the trend.
The user can personalize:
The period to be used and the range of the CCI bands ( by default)
The slow SMA period to be used and the price percentage variation to react for bullish/bearish
Consecutive number of bullish/bearish in order to consider the CCI as a trend confirmation rather than a price reversal
CMYK VRMI◊ Introduction
This script indicates the relative movement of price x volume.
◊ Origin
Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother. The input has been changed to the change of a smoothed close multiplied by a smoothed volume.
The polarity of VRMI indicates bearish/bullish movement.
◊ Adjustments
CMYK color theme applied.
◊ Usage
VRMI indicates the force the market moves with.
◊ Future Prospects
-
◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊
CMYK VRMI RAYS ◊ Introduction
Introducing VRMI in this script, an RMI based on price movement and volume, to indicate bullish and bearish trends.
This script marks the background depending on RMI <> VRMI , VRMI polarity and large buy/sell sprees.
◊ Origin
Based on 'The Relative Momentum Index' by Roger Altman : February, 1993 issue of Technical Analysis of Stocks & Commodities magazine.
While RSI counts up and down days from close to close, the Relative Momentum Index counts up and down days from the close relative to a close x number of days ago.
This results in an RSI that is smoother.
In addition VRMI reacts quick, it is used to cut off latency from RMI, and it's polarity indicates the beginning and end of a trend.
Large buy sell sprees and detected in their proportion with an sma on the volume
◊ Adjustments
CMYK color theme applied.
◊ Usage
This indicator can be used to detect trends and mark reversals.
◊ Prospects
◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊ ◊
Bats Bearish Divergence Detector (BRED-)After the release of BUBD+ here comes BRED- for calling the tops.
6 indicators are tested for the presence of any bearish Divergences and are plotted on chart as soon as they are.
Note - Price can move up after bearish divergence as well so its not foolproof. However multiple bearish divergences signify that bulls are losing power and price might reverse downwards.
Instead of blindly trusting the divergence on this indicator I suggest that you use this as a tracking mechanism instead. Once you spot a bearish divergence here, go to the oscillator that was called by the indicator and see the strength of the divergence involved.
This way you dont have to look at the indicators for divergence all the time, just only when the indicator calls for it. (Note that different timeframes will have different divergences so make sure you watch most of them. Higher timeframes indicate larger potential reversals)
Colour -
MACD- Aqua blue
RSI - Red
Stoch RSI - pink
CCI - Orange
MFI - Teal (Blue)
RVI - Silver
If you want to change the number of indicators you can do so from the bottom and remove the indicators you dont want to see by commenting them out.
1337 VolumeThis volume indicator gives you a unique perspective and ability to analyze volume in any market. The upper line that is always >=0 represents average up volume over a user definable period while the lower line that is always <= 0 represents the average down volume over a user definable period.
green == bullish candle but volume lower than average
lime == bullish candle with above average volume
crimson == bearish candle with below average volume
red == bearish candle with above average volume
This indicator is very useful for spotting bottoms / tops (do a visual backtest and observe its behavior) as well as entry opportunities.
By default, the lookback period for average volume is 7, but I encourage you to change this value in order to find settings that work best for your particular market.
If you have any feedback or ideas for improvement, please comment.
Enjoy :D
Super Envolvente (Bullish y Bearish)Identificador de Super-envolventes (SE), se encarga de darle un color verde a la SE alzista (Bullish) verde y rojo a la bajista (Bearish).
Candlestick Patterns Identified (updated 3/11/15)I decided to republish this one without the trend filter and with all the major symbols active. This will allow for all the patterns to show up.
Due to 15 different candlestick formations in this one script, it will be difficult to turn off the last few due to screen size. You can turn off individual patterns on the settings screen.
I have everything spelled out except the hammer and inverted hammer. They are "H" and "IH" respectively on the charts. They show up so often that they cluttered the charts.
The default script has: Doji, Evening Star, Morning Star, Shooting Star, Hammer, Inverted Hammer, Bearish Harami, Bullish Harami, Bearish Engulfing, Bullish Engulfing, Piercing Line, Bullish Belt, Bullish Kicker, Bearish Kicker, Hanging man, and Dark Cloud Cover. You can turn off what you don't like. The Piercing Line, Bullish Belt, and the Kickers will usually show up better in the daily charts.
I recommend watching videos with Stephen Bigalow to get a feel for how to trade these. You will want to add an 8 EMA to your chart with his setups. Enjoy.
If you want the old version: Take a look at the related ideas below.
Candlesticks Patterns IdentifiedI was using another script that colored the bars to show the different candle patterns. Thanks to HPotter (www.tradingview.com). Unfortunately, I can't think that fast when looking across a screen of charts with different color bars. Fortunately, Tradingview came up with symbols and names on 2/26/15. I decided to take my favorite symbols and attach them to a name. This makes it easier to see what is going on and where your entry would be if it confirms. Works beautifully for me. Decided to share. I also added the ability to alter what shows up based upon a look back. A bullish engulfing at the top of a trend, or a bearish harami at the bottom of the trend, is nearly useless and clutters the chart. I have the default set for the open of the current bar to be higher or lower than the open from 5 bars back. You can adjust in the settings to what you like. This trend setting is on all the patterns except doji. If you want to see all the candle patterns, set it to "1".
The doji can be adjusted as well. I left some other patterns at the bottom of the script, but they are turned off. They became too much of a clutter for me. I prefer DovCaspi's pattern finder for hammers and stars: I use his due to the clean appearance.
The default script has: Doji, Bearish Harami, Bullish Harami, Bearish Engulfing, Bullish Engulfing, Piercing Line, Bullish Belt, Bullish Kicker, and Bearish Kicker. You can turn off what you don't like. The Piercing Line, Bullish Belt, and the Kickers will usually show up better in the daily charts.
If you would like the updated version, see the Related Ideas below:
Keltner Channel with auto highlighting of Bear/Bull reversals*** New version @ ****
All options configurable.
Reversals are marked using crosses. as well as highlighted using green/red color (depending on bull/bear). Enjoy!
Bearish signal using Point of Control (POC) with PAC by guruThis indicator code helps traders identify potential sell opportunities using several important technical indicators:
Point of Control (POC) – This is the price level where the most volume was traded over the past several days.
Previous Day's Low – This shows the lowest price reached during the previous day.
PAC (Price Action Channel) EMA – These are two moving averages (one based on the low price and one based on the close price) that help determine if the price is trending within a certain range.
Volume SMA – This is a 3-day simple moving average (SMA) of volume, which helps filter out signals based on market activity.
What the Script Does:
Point of Control (POC):
The script looks at the last 50 days (configurable) and calculates which price level had the highest trading volume.
It then plots a red line on the chart at the POC level. This is important because it helps identify areas where there was strong market interest in the past.
Volume Moving Average:
The script calculates a 3-day SMA of volume, but it excludes the current day to avoid premature signals based on today’s trading.
The volume SMA is used to ensure there’s enough market activity (with a threshold set to 25 units) before triggering a sell signal.
Price Action Channel (PAC) EMA:
The PAC consists of two exponential moving averages (EMAs):
The PAC Low EMA: This is based on the low prices over the last 34 periods (configurable).
The PAC Close EMA: This is based on the closing prices over the last 34 periods.
These EMAs help determine if the price is trending above or below certain price levels.
Sell Signal Logic: The script checks three conditions before displaying a "Sell" signal:
Price Below POC and Previous Day’s Low:
The close price must be below both the Point of Control (POC) and the previous day's low.
Volume SMA Above 25:
The 3-day volume SMA must be greater than 25. This ensures the signal only triggers when there’s enough trading volume in the market.
Today’s Low is Above PAC EMAs:
Today's low price must be above both the PAC low EMA and the PAC close EMA. This prevents sell signals when prices are already significantly below the PAC, indicating possible exhaustion in the downtrend.
If all three conditions are met, the script will display a red "Sell" label on the chart, signaling a potential selling opportunity.
No Sell Signal if Price Reverses:
If the price crosses back above the POC or the previous day's low, the script will remove the sell signal and reset for a new opportunity.
Summary of Conditions:
For the script to display a "Sell" label:
The close price must be below the Point of Control (POC) and the previous day’s low.
The 3-day volume SMA (excluding today) must be greater than 25 units.
The low price of the current day must be above both the PAC low EMA and the PAC close EMA.
If these conditions are met, a red sell label appears on the chart as a potential signal for a short (sell) trade.
Liquidity Sweeps [SB1]Liquidity Sweeps
This indicator detects liquidity sweep events where price briefly breaks above or below recent swing points before reversing. These sweeps often occur during stop hunts, fakeouts, or liquidity grabs, and are commonly used by smart money traders to trap breakout participants before reversing direction.
🔍 What It Does
Identifies key swing highs and lows based on user-defined pivot strength.
Detects:
Bearish Sweeps: Price breaks a recent high but fails to close above it.
Bullish Sweeps: Price breaks a recent low but fails to close below it.
Tracks whether these sweeps are simply wicks, full breakouts and retests, or a combination of both.
Highlights these zones with boxes and labels to signal high-probability reversal or reaction zones.
🧠 Why Use It
Liquidity sweeps are often used by institutions and large players to trigger stops and create movement. Detecting these events helps traders:
Avoid chasing false breakouts
Time entries around exhaustion or reversal points
Align trades with Smart Money Concepts (SMC), ICT principles, or Order Block Theory
Avoid chasing false breakouts
Time entries around exhaustion or reversal points
Align trades with Smart Money Concepts (SMC), ICT principles, or Order Block Theory
⚙️ Settings & Customization
Swings: Adjusts the sensitivity of swing high/low detection.
Detection Type:
Only Wicks: Detects when a wick pierces a level but closes back inside.
Only Outbreaks & Retests: Detects when a candle breaks out and later retests.
Wicks + Outbreaks & Retests: Shows both types for full coverage.
Extend Zones: Draws boxes across future bars until invalidation.
Colors: Fully customizable for bullish and bearish sweeps.
🧬 Original Enhancements
This script is based on open-source work by LuxAlgo and has been significantly enhanced with:
Multiple detection modes
Real-time alert support📣 📣
Efficient pivot memory cleanup📣 📣
Sweep zone auto-extension until broken
Improved visual clarity with dotted/dashed lines, and color-coded boxes
✅ Note: The original version had no alerts. This version adds real-time detection alerts for practical trading use. Credit: Original swing detection logic inspired by LuxAlgo’s open-source Liquidity Sweep framework. This version is extended and modified under the terms of the CC BY-NC-SA 4.0 license.
📣 📣 Alerts Included📣📣
🔼 Bullish Wick Sweep📣
🔽 Bearish Wick Sweep📣
These alerts allow traders to be notified the moment a liquidity sweep occurs, providing immediate edge for reactive or anticipatory trading.
📈 How to Use It
Add to your chart.
Choose the detection type based on your trading style:
Wicks for reversals and stop hunts
Outbreaks for failed breakouts or retests
Wait for sweep zones to form and monitor price behavior around them.
Use in conjunction with:
Fair Value Gaps (FVG)
Order Blocks
VWAP Anchors
Market Structure Breaks