Balance Zone ExtensionBalance zones are an aspect of trading that many traders notice. Balance Zones are formed when a market is in equilibrium and respects a certain high and low multiple times. These zones could also be called accumulation or distribution areas depending on the price action. If the term "choppy" is used to describe a given markets price action, it is probably a fair statement to say that the market is currently in a Balance Zone.
This script is a take on vwaptrader1's teachings where you take a balance zone and "double it" to get a target if/when it does break out of balance. It provides an automated way of extending levels based on a given balance range.
The lines plotted by the script are calculated based off of the balance high/low inputs, how many sections are desired per zone, and how many boxes to plot based on the other user inputs.
Warning: Due to a current limitation of the Pine, this script is only allowed to plot up to 500 lines total. If you start to notice lines starting to disappear or you begin getting a script error, double check the input settings as the script may have crossed the 500 line threshold.
This can be used in conjunction with Fixed Range Volume Profile . Select the balance range with the Fixed Volume Profile . Note the Value Area High and Value Area Low prices and input those into the balance range High/Low inputs.
Use to create price targets from Balance Zone Breakouts
A recent example of this idea in action on ticker ES1! 2 hour chart where the balance range was found and the target (double the box size of the balance range) was hit.
Another example of this same concept but on a normal security like AAPL but on a 30 minute chart:
Extending the usefulness even further to crypto on BTCUSD with a 5 minute chart:
Use to create reference levels for future price action
The other way to utilize this is to provide future reference levels from a key balance range from the past.
Here is another example utilizing the AMD daily chart . First, a balance zone was noted for all of 2017:
Moving forward to the most recent price action in 2023, notice that the box extension levels are still fairly well respected almost 6 years later!
在腳本中搜尋"volume profile"
VWAP Boulevard [vnhilton](OVERVIEW)
The idea of this indicator comes from traders identifying supply to mainly look for shorts. Scenarios would be gap ups or pump & dumps where huge volume is transacted, & bag-holders are present. Some traders would draw resistance lines, I myself used to draw supply zones using the volume profile on that day, & others used the day VWAP on those days. VWAP Boulevard (I believe the name comes from the trader named team3dstocks) draws day VWAP lines from the highest volume days for a given period (excluding the current day).
(FEATURES)
- Draws horizontal & vertical lines from up to 250 highest volume days out of up to 3568 days, with the ability to hide either of these lines, their thicknesses, styles
- Extend/cut horizontal lines, or extend them all the way to the right
- Show the day VWAP, volume & age for these days in labels, with the ability to show what information you want to see only
- Separate customizable color forms for the lines & labels - ordinary (1 color); volume (2 color gradient from lowest to highest volume of the highest volume days); age (2 color gradient from youngest to oldest volume of the highest volume days)
- Edit offset & size of labels, & hide them
- Hide vertical lines
From left to right: Age color; ordinary color; volume color
250 highest volume days in the past year. Very messy so it's very likely you won't be using this but the ability to draw lines from 250 highest volume days is there if needed
(DRAWDOWNS)
- This indicator will only on the daily timeframe (error message will show up if unaware of this, & can be toggled off). Unfortunately, this would mean you would have to draw the lines manually yourself if you wish to use them on intraday timeframes.
- You may also encounter the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error. This occurs when the lookback period is very high & the indicator attempts to recalculate I believe. If this happens then reload the indicator.
The logic I used to obtain the highest volume days were to put all of the volume days in a given period in 1 array, then to sort them from highest to lowest, & also store their sorted indices in an separate array as well, so that drawings for each volume day could be done from the 2 arrays.
//Volume for last N periods
var int pastVol = array.new_int(lookbackPeriodFixed)
for i = 0 to lookbackPeriodFixed - 1
array.set(pastVol, i, int(volume ))
sortedIndices = array.sort_indices(pastVol, order.descending) //All Indices of sorted volume from highest to lowest
sortedIndices2 = array.slice(sortedIndices, 0, highestVolDays) //Indices of sorted volume from highest to lowest
array.sort(pastVol, order.descending) //All Volume sorted from highest to lowest
pastVol2 = array.slice(pastVol, 0, highestVolDays) //Volume sorted from highest to lowest
//Drawings
for i = 0 to highestVolDays - 1
index := array.get(sortedIndices, i)
vol := array.get(pastVol, i)
Since these array sizes were determined from the lookback period, it would mean that the request.security() function used to obtain daily values on intraday timeframes wouldn't work for a lookback period >20 (20 * 2 values I believe, which are the day VWAP & the day volume) as TradingView has put a maximum amount of calls of 40 in 1 script. Therefore, for intraday plots to work I would have to change the logic for getting the day VWAP & day volume for the highest days, as the request.security() function doesn't work on for loops, & this would also mean that the user would only be able to draw lines from up to 20 highest volume days instead of 250. I couldn't go forward with this as I wasn't able to find the logic to pick the highest volume days & their day VWAPs & times (indexes) without using a for loop. If anyone has any solutions (including for the 'Pine cannot determine the referencing length of a series. Try using max_bars_back' error) then please let me know. I've also left commented-out code for dealing with intraday drawings for future use.
Largest Candle Profile - Selection ToolLargest Candle Profile
A simple script that finds the largest candle between a user's defined area. Search for the largest candle (high-low), largest body (open-close) or largest wick between any selected area.
How To Use:
Anchor pivot A and B on the area of choice.
Indicator can be used to detect levels of interest. Coded to be used with anchored vwap, flexible volume profile or liquidity gaps.
In action:
Auto Support & Resistance Volume Based + ScannerThis indicator tracks large marker maker orders and draws support & resistance levels based on where those orders came in. It allows you to track what the market makers are doing and place your trades in line with them. Look for the lines to suck up to the price and that will show you where large orders are coming in which is where reversals will happen or trend continuation will happen at an accelerated rate. The fat lines are higher timeframe volume spikes and major volume spikes. Look for bounces off of these fat lines. The fatter the line, the bigger the volume spike. The skinny lines are minor volume spikes over shorter time periods. These can be viewed as short term support and resistance levels and consolidation zones.
***HOW TO USE***
Look for bounces off of the fat lines and place trades accordingly. Those levels are where the market makers placed their orders and you will notice how well price reacts to these levels.
Look for the lines to suck up/down to the price. This shows you where volume is coming in which typically means a reversal is about to happen. If a reversal doesn’t happen, then the trend will continue its original direction, but usually move faster. Wait for these lines to suck up to price before trying to buy the bottoms or sell the tops. If you can have the patience to wait for this to happen, it will keep you out of a lot of choppy price action and give you very good places to take trades that move quickly.
When all the levels suck up to the price and all the colors change to red from green or green from red, it is an indication of market sentiment changing and the trend will likely reverse.
For best results, use this on charts for exchanges that have the highest volume and the most institutional buyers as those will give better levels since there are more market makers on those exchanges. Use exchanges such as NYSE, ARCA and NASDAQ for stocks and use COINBASE, BINANCE, MEXC perpetual futures charts or PEPPERSTONE for crypto.
If price breaks out or down from the group of levels and no lines suck up to the price, then it is a low volume breakout and price usually comes right back to the support and resistance levels so beware when this happens.
If there are no levels near the current price, look at the previous levels in that price range as those are still very relevant areas.
You can also draw trendlines from recent high and low points of the lines where they changed, which works very well for finding tops/bottoms in confluence with the real time s&r levels.
I recommend looking at higher timeframes and drawing horizontal lines where the fat lines are that extend for a long period of time. Then you will have those levels on your lower timeframe charts so you don’t miss any major levels that price will likely bounce off of.
Make sure you spend some time looking back at historical data so you can get a feel for how this indicator reacts to volume spikes before using it.
***HIGHER TIMEFRAMES***
This indicator scans higher timeframes for volume spikes, so make sure you update the higher timeframes used when looking at anything higher than the 1 minute timeframe as that is what the settings are optimized for. You can create new chart layouts for each timeframe you use frequently and save your settings on each chart so that you don’t have to update those settings when you switch timeframes.
***SCANNER***
The table at the bottom of the screen scans 8 other tickers for volume spikes. When a volume spike is detected, the color of that ticker will change from blue to orange to notify you. You can customize which tickers the indicator scans within the indicator settings. Make sure to save your chart layout with your updated tickers so you don’t have to change them frequently. Input all tickers from a certain sector to see how that sector is performing overall which can help give you a good idea of the sector as a whole. Save a different chart layout with each different sector you want to scan so you don’t have to switch the tickers frequently.
***ALERTS***
This indicator is set up with alerts that can be turned on to notify you of volume spikes on the ticker that the chart is set to.
***CUSTOMIZATION***
You can customize the colors of the lines and backgrounds in the indicator style tab. You can also turn off the scanner if you want to within the indicator input tab. The tickers to scan can be customized to suit your preferences within the indicator input tab. The higher timeframes used can also be adjusted within the indicator input tab.
***MARKETS***
This indicator can be used on all markets that have volume data, including stocks, crypto, futures and forex.
***TIMEFRAMES***
This indicator can be used on all timeframes as long as there is enough data for the session used.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Trend Friend Signals, Volume Profile with Buy & Sell Pressure, RSI Scalper Ribbon and Auto Support & Resistance with Wick Signals to find those major levels that are not associated with volume spikes in combination with this volume based auto support and resistance indicator.
WMACDThis is MACD but little different.
The idea behind this is to use MACD to find resistance and support level first. So we can use the logic of volume profiles for this setting and by imply the MACD on it you can make the hybrid for it .
The line represent the both resistance level and if macd is above or bellow the zero
if line is red the macd is bellow zero if it lime then it above zero .
The bars represent the macd (in gray) - left side is buy and right side is sell
so how to use it ?
for example : if MACD is red and price is bellow the line we are in bear state and the line represent the resistance
lets say price bellow the line and macd line is green then this is buy signal and our goal is to reach the price of the supposed resistance
, if price break the line up then we are in bull time mode and strong buy .
Now our line will become the support line .
you can change the setting of the MACD to make it more sensitive or less sensitive as regular macd with fast and slow length
This is a concept idea how to make the MACD to find resistance and support level
so try to play with it to see how it work
Trend Friend - Swing Trade & Scalp Signals - Stocks Crypto ForexTREND FRIEND is a custom built, data driven algorithm that gives buy and sell signals when many different factors line up together on a single candle. It is designed to catch every move so you can expect early entries and exits across all of your favorite markets. Use scalp mode for early entries with lots of signals or swing mode for longer swings with fewer signals and long swing mode for really long swing trades with even less signals.
The best markets to use this indicator on are high volume tickers with a lot of price action as these markets have enough data to use to give the signals the algo needs to be able to detect highly probable moves in price. That being said, it works across all markets such as stocks, crypto, forex and futures and across all timeframes(on really long timeframes it may not give signals due to not having enough data to work with).
***MAJOR POINTS TO REMEMBER BEFORE USING THIS INDICATOR***
The algo is designed to catch major moves, so if a signal seems to come in late, it is highly likely the market is about to reverse so use caution when taking signals that seem late. This typically happens because the market is indecisive so always be careful in these situations and just wait for a better signal when markets are really decisive.
Always trade in the direction of the trend meaning the volume weighted moving average clouds. There is also a trend detection label and risk level label that you should follow to keep your trades as safe as possible. The safest way to do this is only trade short when the VWMA 100 is below the VWMA 500 and a Bear signal comes in very close to a VWMA line. Only trade long when the VWMA 100 is above the VWMA 500 and a Bull signal comes in very close to a VWMA line.
If price is between the moving averages, play the VWMA 100 and VWMA 500 as support and resistance and only take signals near one of the VWMAs with the plan of price returning to the other VWMA. If you are taking trades against the trend, like trying to buy the dips or sell the tops, wait for price to cross the VWMA 100 before following a signal.
If the VWMA 100 and VWMA 500 are close to each other and/or moving sideways, you can expect choppy price action and consolidation so use caution when taking trades during this time. It is better to wait for the price to hold above or below both VWMAs and stay supportive there before taking trades. Waiting for volume to increase is also a good way to avoid chop after the trend decides a direction.
This indicator will repaint sometimes before the candle has closed, so either wait for the candle to close with a signal before entering trades or only take signals before it closes on candles with good volume and technical analysis backing it.
***ALL THE FEATURES YOU NEED***
Trend Friend has multiple features designed to help you trade better and make decisions faster.
Buy & Sell Signals - When the algo detects all of our required parameters lining up on a single candle, Trend Friend will give Bull or Bear signals on the chart. Bull means upward price action is expected. Bear means downward price action is expected.
Take Profit Signals - When the price action makes a move that typically signals a reversal, a take profit signal will show up on the chart to help you get out of a trade before the next signal comes in.
Risk Levels For Signals
There is a risk detection system that tells you how risky each signal is as it comes in to help you stay out of dangerous trades. Wait for signals with low risk and you’ll be much safer than trying to take trades against the trend.
Alerts - There are options for alerts on buy signals, sell signals, take profit signals, price crossing the VWMA 100 and price crossing the VWMA 500. All of these can be controlled using tradingview alerts so you don't have to watch the charts and wait for things to happen. These alerts can also be used to send orders to trading bots if you choose.
Candles Painted Green Or Red According To Buy & Sell Pressure - By default, this indicator paints the candle sticks green, red or blue according to buy & sell pressure(DMI). You will need to turn off candle colors in your chart settings for this to appear correctly.
Percentage Updates - The table on the right has live percentage updates so you don’t have to measure out every move you are expecting. It will tell you the percentage from closest fibonacci levels, percentage away from the VWAP, percent gain or loss from the last signal entry and percentages from your own trades that can be configured in the settings. These help you always know how much more you can squeeze out of a trade and where your position stands without having to switch screens between Tradingview and your broker constantly.
Moving Average & VWAP Clouds - We included two color coded volume weighted moving averages(VWMA 100 and VWMA 500) and a color coded RMA 10 moving average. We also have a VWAP dotted line and cloud so you can easily see the trend direction on the chart at all times. The cloud and moving averages will turn green or red in real time depending on whether price is above or below each moving average or the VWAP respectively.
Trend Detection Label - The top label on the percentage update table tells you if the trend for this timeframe is Bullish or Bearish as well as when the trend is undecisive with choppy price action expected.
Chop & Low Volume Warning Labels - When price action is choppy or there is very low volume compared to historic candles, a warning label will appear at the top of the screen so you know to use caution and stay out of trades during these times.
Auto Fibonacci Levels - The chart will automatically populate fibonacci retracement and extension levels. The percentage update table will also give you real time updates on how far away the next fibonacci levels are from the current price.
Bounce Zone - We also included a very long term moving average cloud(EMA 1000 and EMA 2000) that shows as purple on the chart. When price enters that cloud, you can expect a reversal in that area. If price was trending above the cloud, expect that cloud to act as support. If price was trending below the cloud, expect that cloud to act as resistance. When price is trying to break through that cloud in either direction you can expect price action to be choppy and big moves to happen once price gets supportive in that zone and breaks out.
Margin Multiplier - If you are using margin to trade, our margin multiplier will multiply all of the percentage updates by the margin level you input in the settings tab so your percentages will reflect the percentages in your account.
***HOW TO USE***
Scalp, Swing And Long Swing Mode
You can choose from scalp mode, swing mode or long swing mode in the indicator settings. It is set to scalp mode by default. Scalpers will want to use the scalp mode as it provides early entries and exits and is designed to catch every move quickly. Swing mode is designed to catch almost every move and filter out some of the noise so it will have less signals than scalp mode. Long swing mode is designed to catch those lengthy moves and will hold positions the longest but give entries later than the other modes.
Try all three on a few charts and timeframes to see which setting matches your trading style the best. If you want more signals with any of the 3 modes, go to a lower timeframe. If you want less signals on any mode, go to a higher timeframe.
Bull & Bear Signals - When all of our algo parameters line up, a BULL or BEAR label will print on the chart. Bull labels will be colored green and bear labels will be colored red. Bull indicates a good place to enter a long trade because the algo is detecting patterns that indicate price should move upwards. Bear indicates a good place to enter a short trade because the algo is detecting patterns that indicate price should move downwards.
For best results using these signals, take trade signals that line up very closely with fibonacci levels or volume weighted moving averages or the vwap or any combination of them. It is also recommended to only take trades in the direction of the trend to avoid trading false reversals. Wait for low risk signals using our risk identifier and then enter the market. Waiting for good volume to come in will also help you avoid chop and catch those quick moves.
Also, make sure to check the percentage updates table to see if the expected move to the next fibonacci level is far enough away to make the risk to reward ratio worth taking the trade. Watch for signals when the VWMAs squeeze together after a wide gap and price breaks out with a corresponding signal as these can bring large, quick moves in price. Use caution when the VWMAs are close to each other and trending sideways as this usually brings choppy price action.
(The bull and bear signals can be turned on or off in the indicator settings input tab. Useful if you want to clean up the chart or only show bear or bull signals according to the trend.)
Take profit Signals - Take profit labels will show up on the chart when a reversal candle pattern or reversal indicator pattern is detected while a trade is still open. Use these signals as times that it may be a good point to exit the trade to avoid losses or reduced profits.
(The take profit signals can be turned on or off in the indicator settings input tab.)
Risk Level Label
Taking trades against the trend is dangerous because there are more false bottoms than there are actual bottoms. Our risk detection label is there to keep you from taking dangerous trades against the trend. The label will say Low Risk when the trend is in the same direction as the last signal given. The label will say Medium Risk when the trend is neutral because price likes to chop around during these times. The label will say High Risk when the trend is in the opposite direction as the last signal given.
Make sure you wait for the risk level detector to show Low Risk before taking trades or you may be buying a false bottom.
Candles Colored According To Buy & Sell Pressure - By default this indicator will paint the candlesticks green, red or blue depending on the buy & sell pressure for those candles using the Directional Movement Index or DMI. If buy pressure is higher than sell pressure, it will paint green. If Sell pressure is higher than buy pressure, it will paint red. If buy pressure is equal to sell pressure, it will paint blue. Use this to confirm which direction buying and selling is favoring and use a change in color trend to determine reversal points early. For this to work correctly you will need to go into chart settings(gear icon top right) and in the symbol tab turn off body, wicks and border.
(The buy & sell pressure candle coloring can be turned on or off in the indicator settings input tab.)
Auto Fibonacci - This indicator will automatically populate fibonacci retracement and extension levels for you. These levels are calculated using the previous high and low. You can switch the source between the previous day, week, month, quarter and year(the weekly setting is the default as it is great for day trading). The previous high and low levels will show as white(These are very important levels so watch for price to bounce off of the white lines). The percentage update table will also show the percentage gap from the current price and the next closest fibonacci level above and below, with labels telling you which fib levels they are.
(The fibonacci levels can be turned on or off in the indicator settings input tab.)
Volume Weighted Moving Averages With Clouds - The red or green moving averages should be treated as dynamic support and resistance as well as a visual way of telling current price trends. You can expect price to bounce off of these moving averages very often and quick moves usually happen when price breaks out of these moving averages.
The safest long trades you can take will be when the VWMA 100 is above the VWMA 500 and you get a BULL signal that is very close to the VWMA 100 or VWMA 500. The safest short trades you can take will be when the VWMA 100 is below the VWMA 500 and you get a BEAR signal that is very close to the VWMA 100 or VWMA 500.
When the moving averages squeeze together and price bounces between them, you can expect big moves in price when it breaks out. If price has been trending up and the moving averages squeeze together, expect the price to fall quickly once it breaks down from there. If price has been trending down and the moving averages squeeze together, expect the price to jump quickly once it breaks out from there.
These moving averages and the clouds associated with them will paint green when price is above them, indicating a bullish trend and they will change to red when price is below the moving averages, indicating a bearish trend.
You can also use the moving averages as support and resistance levels when markets are moving sideways. Since these are volume weighted moving averages, price tends to stick to them very well and paints a much clearer picture of what is going to happen than regular moving averages that don't take volume into account. Try it on a bunch of different timeframes and charts to see for yourself.
(The moving averages and clouds can be turned on or off in the indicator settings input tab.)
Bounce Zone - The bounce zone is a purple cloud that is made up of two very long term moving averages. When price is trending above this cloud and comes back down to it, you can expect the price to bounce back upwards in this zone. If the price is trending below this cloud and comes up to it, you can expect the price to bounce back downwards when it reaches this zone.
Sometimes price will break through this cloud and you will usually notice a lot of choppy price action and accumulation in this zone. When price does break out of it, you can expect fast, large moves. I also like to call this zone the safe zone because taking trades in this zone is typically a very safe place to enter trades depending on how the price is trending before it entered this zone. If you look at the cloud on any of your favorite charts, you will see that the cloud usually represents support and resistance areas quite well.
(The bounce zone can be turned on or off in the indicator settings input tab.)
Chop & Low Volume Warnings - When price is choppy, it can be a portfolio killer. When volume is low, it can give false signals or the market can reverse easily, so stay out of trades when these warning labels appear on your chart. If you were already in a trade when these warnings appear, keep a close eye on your trades and be ready to exit if things start to go the wrong way.
Long & Short Entry Calculator - Here you can enter your own entry price for short or long positions so that your actual P&L will be shown live on your chart. This eliminates the need to calculate percentages in your head or switch screens to your broker often or use the measuring tool to calculate your P&L. These will show as zero until a trade price is entered.
Margin Multiplier - If you use margin to trade, enter your margin multiplier in this input and all of the percentages in the percentage update table will reflect how far each level is based on your margin. So a 5x margin will multiply all percentages in the chart by 5 and so on. This way you don’t have to calculate everything in your head or switch between your chart and your broker constantly.
Customization - Go into the indicator settings and you can customize just about everything to suit your style. In the Input tab you can: turn the Bull or Bear labels off or on so you only get the signals that are going in the direction of the trend, turn on or off the moving average lines & clouds, turn on or off the vwap & clouds, set your fibonacci timeframe or turn them off completely and set your long or short entry price as well as your margin level for percentage updates according to your portfolio.
You can also easily customize: the moving average lines & clouds, the bounce zone lines and cloud, the vwap color and line style, the support and resistance line colors and thickness, the bull and bear label styles, the take profit label styles and more.
***MARKETS***
This indicator can be used as a signal on all markets, including stocks, crypto, futures and forex as long as Tradingview has enough data to support the calculations needed by the algo.
***TIMEFRAMES***
Trend Friend can be used on all timeframes.
***IMPORTANT NOTES***
For the buy & sell pressure colored candles to show up properly you will need to go to the chart settings(gear icon in top right corner) and in the symbol tab turn off body, wicks and border.
No indicator can be right 100% of the time and remember that past results do not guarantee future performance. You still need to make smart decisions when using this indicator to be successful. It is also important to note that markets with little volume and price action may not give very good signals due to many different parameters needing to line up on one candle for a signal to be given so use it on high volume tickers with lots of price action for best results.
***TIPS***
Try using numerous indicators of ours on your chart so you can instantly see the bullish or bearish trend of multiple indicators in real time without having to analyze the data. Some of our favorites are our Volume Spikes, Directional Movement Index + Fisher, Volume Profile with DMI, and MOM + MFI + RSI with Trend Friend. They all have real time Bullish and Bearish labels as well so you can immediately understand each indicator's trend.
Market Maker Volatility Diameter V2 by Hawkeye Charting***German Description below***
Hey guys,
we are proud to publish the Market Maker Volatility Diameter V2!
Our goal with this indicator is to provide an All-in-one indicator, combining some special tools of open source scripts as well as some of our own developments and the algorithm of our MMVD V1.
We will create a video series very soon, where we will explain each aspect of the tool, your options and of course our trading strategies with this indicator.
You have the following technical tools and information combined in this indicator, which can each be shown and hidden:
- Psychological Ranges (Weekly Opening High/ Low for Crypto and Forex)
- Market Maker Sessions (Sydney, Asia, London, NY)
- Trade Cloud (algorithm developed by Hawkeye Charting)
- Fibonacci Cloud (inspired by watching paid offerings, coded by Hawkeye Charting)
- Display Moving Averages (select the visualization of up to 6 moving averages. You can change for each of these 6 MA's the type and the length.)
- Display Major Trend Cloud (developed by Hawkeye Charting)
- PVSRA Candle Colors
- Vector Candle Zones
- Pivots
- Pivot Fibonacci Levels (developed by Hawkeye Charting)
- OHLC-Levels
- Average Daily, Weekly, Monthly Ranges
- Volume Profile for Intraday Trading for up to 8 days.
We hope especially for people, who can not afford the Pro offering from TradingView, to give access to a good indicator, which includes many tools and alerts.
Our goal is to lower the barriers for new entrants and of course to protect people, to pay for indicators, which are completely insane priced.
Only, that you get an idea: the whole indicator has only cost me about 100 h of work (for a single person!), and I'm no Pine script expert, so don't get fooled when someone offers you insane amounts for an indicator...
There is no holy grail. Each indicator works only with calculations on previous data.
We appreciate seeing that you guys like this work, so please leave a like and a follow and share this indicator.
*****German Description*****
Hey Leute,
wir sind stolz, unsere 2. Version des Market Maker Volatility Diameter zu veröffentlichen!
Unser Ziel ist es, mit diesem Indikator eine All-In-One Lösung anzubieten, welche einige nicht ganz geläufige Tools sowie unsere eigenen Entwicklungen und natürlich den Algorithmus des MMVD V1 vereinen.
Wir werden in naher Zukunft eine Video Serie veröffentlichen, in welcher wir Stück für Stück jeden Aspekt des Werkzeugs, die Einstellungsmöglichkeiten sowie unsere Trading Strategien mit diesem Indikator erklären werden.
Ihr habt die folgenden technischen Werkzeuge und Informationen in diesem Indikator vereint, welche jede einzeln an- oder abgewählt und eingestellt werden können:
- Psychological Ranges (Weekly Opening High/ Low für Krypto and Forex)
- Market Maker Sessions (Sydney, Asia, London, NY)
- Trade Cloud (Algorithmus von Hawkeye Charting entwickelt)
- Fibonacci Cloud (inspiriert von der Beobachtung eines Paid-Indikators, Code geschrieben von Hawkeye Charting)
- Moving Averages (Ihr könnt die Darstellung von bis zu 6 Gleitenden Durchschnitten auswählen und für jeden dieser Durchschnitte den Typ und die Länge ändern.)
- Display Major Trend Cloud (entwickelt von Hawkeye Charting)
- PVSRA Candle Colors
- Vector Candle Zones
- Pivots
- Pivot Fibonacci Levels (entwickelt von Hawkeye Charting)
- OHLC-Levels
- Average Daily, Weekly, Monthly Ranges
- Volume Profile für Intraday Trading, Darstellungsmöglichkeit für 3-8 Tage
Wir hoffen, dass wir speziell für Leute, die sich nicht das PRO-Abo aufwärts von TradingView leisten können, Zugang zu einem guten Indikator, welche viele Werkzeuge und Alarme vereint gewährleisten zu können.
Unser Ziel ist es, die Eintrittsbarrieren für neue Marktteilnehmer senken und natürlich Leute vor wahnsinnigen Paid-Angeboten beschützen zu können.
Nur, damit ihr eine Vorstellung bekommt: den gesamten Indikator hat mich lediglich 100h Arbeit gekostet (für eine einzelne Person!), und ich bin kein Pine Script Experte. Also lasst euch bitte nicht verar******, wenn euch Paid-Angebote erreichen, mit dem Versprechen, den "zu 95% erfolgreich" Indikator erwerben zu können.
Es gibt keinen heiligen Gral, jeder Indikator arbeitet nur mit Berechnung von Vergangenheitswerten.
Wir würden uns riesig freuen, wenn euch diese Arbeit gefällt und ihr uns Likes und Follows hinterlasst und ihr diesen Indikator teilt.
RSI Effective Volume Reversal IndicatorAbout The Indicator
I want to start with a few short paragraphs of how this indicator came to be and why it's different than 80% of the indicators on this platform. If you are just interested in how the indicator works, you can skip the story, although I recommend at least skimming through it.
Originally, this indicator was developed to be part of a trend-trading strategy that analyzed the three main components - Price , Volume and Strength . It was broken down to 2 indicators - on-chart and off-chart, similarly to my first premium indicator "Trend Indicator for Directional Trading". Despite the similar concept, the current one is miles ahead in almost any regard.
As most of you know, strategies (especially the really good ones) are fairly more complex to use and navigate. You need to input the parameters for generating and tweaking the indicator, then you need to enter your risk management parameters like stop loss, position size, etc. and finally you need to set the exit criteria, like specified percent target, trial stop or an indicator condition. So, what was supposed to be a simple strategy that anyone can use and make money with, turned out to be a very complex one with over 20 parameters to tweak. I know from experience that when it comes to trading, less is more. This is especially true for the indicators.
As a result, I decided to split the project into two separate strategies - one for trend/directional trading and one for volume and strength (the one you are looking at right now). The problem was that as a standalone strategy it didn't perform all that well. And it shouldn't come as a surprise to anyone who has been trading long enough - divergences are one of the biggest tricksters there are - easy to identify only in hindsight. They are the new-trader's doom. I lost a decent amount of money chasing tops and bottoms through divergences and for that reason it's always been somewhat a goal of mine to create an indicator that can assist in this conquest (call it a personal vendetta). This indicator comes as close as I've ever been to this goal.
Right, but I just said a few lines above that this indicator doesn't work that well for divergences? That's true, but only if you completely automate it and let it buy every bullish and sell every bearish divergence. I have extensively tested it on the securities I actively trade (SPX500, Crude Oil, Gas, Gold, Copper) and with the right settings it does generate positive return (what strategy wouldn't with enough optimization, right?), but I would have made so much more money if I didn't fight the trend.
So, I decided to do something else - convert the strategy back to an indicator and use it for discretional trading in which it assists (not explicitly tell) me in making the decisions. And oh boy, did I hit the sweet spot there! It has been notoriously difficult for most scripts and indicators to identify proper support and resistance levels or at least not nearly as good as the human eye can do. This is especially the case with ascending and descending channels. Seeing how well it worked in helping me open longs and shorts at key levels, I decided to strip it from all unnecessary features and simplify the interface for easier navigation (about 300 lines of code less). This brings me to my next point.
How Does It Work?
The indicator relies on two main components in order to identify reversals - RSI module and Effective Volume module, hence the name RSI Effective Volume Reversal Indicator (not very creative, I know). You select which one you want to display via the dropdown menu. Now let me outline how each one works.
RSI module (top) - similarly to the traditional RSI, it is bound between 0 and 100. Oversold area is marked in green (15-25) and overbought area is marked in red (75-85). You can change those as you please, but I found those to be the perfect spots for identifying potential opportunities. This is where the similarities end. As you've noticed, it's not nearly as choppy as the traditional RSI, just the opposite - it's rather smooth, resembling Heikin-Ashi candles. Further, the way the candle is formed can indicate if we are approaching a top or bottom and if you should be looking for an opportunity to open a trade against the trend. Believe it or not, I've been developing and using this indicator for the past 6 months, so there's a lot to be said about the formation of those candles with clear examples, but I will leave those for the guide book that comes along with each purchase/subscription.
Effective Volume (bottom) - As I already have developed quite an extensive indicator that utilizes the effective volume profile, I just grabbed certain elements from it, simplified it and smoothed it via a new custom-made moving average along with some other minor updates. The results from RSI and Effective Volume may seem quite similar, but they actually reveal slightly different information and can be used to complement each other. In terms of coloring - green gradient above 50 and red gradient below 50.
What To Expect
It's important to understand that technical analysis does not predict prices. I am not claiming this indicator to be the crystal ball that will tell you when to long or short with max leverage. All I am saying is that it's a pretty good tool to help you time your trades, show real exhaustion of trends and reveal when a new direction is forming.
This indicator has been, and most likely will continue to be, work in progress. I've been experimenting with tons of features to make it better for the past 6 months and I finally believe it is stable and beneficial enough in order for you to use it. There's always something more that I would like to add and/or change, but I know that if I continue digging and improving, the indicator would have never seen the light of day. That's why I want to add the critical component to it - you. Through your feedback and recommendations, I believe we can make this indicator truly a masterpiece.
With that being said, I do have some future improvements planned, which I will be releasing on the go. Some are major, like updating it to v.5 and adding new features that are only available to the newest version of PineScript, while others are minor, such as color variations and more one-click customizations.
I hope I managed to portray an objective picture (with reasonable amount of words) of something that I've put a lot of work into, so that you can successfully use and make even more money on the markets. Once again, each purchase/subscription of this indicator comes with a guide in which I go into great detail explaining how to use the indicator, so rest assured that you will be able to take full advantage of it.
TradingLatino_StrategySPANISH:
TL_STRATEGY:
El TL_STRATEGY, es todo un ecosistema de indicadores que conforman una estrategia bastante potente y famosa en el trading de criptomonedas, está compuesta por los siguientes indicadores:
• Bandas de medias móviles exponenciales (10 y 55)
• Squeeze Momentum Indicator (SQZMON PRO+).
• Volume Profile (VP Desarrollado por APIDEVs).
• Average Directional Index ( ADX PRO+).
En ApiDev, decidimos optimizar visualmente esta estrategia, es por ello que creamos un panel informativo que muestra la proyección conjunta de todos los indicadores que ya mencionamos.
MEJORAS REALIZADAS EN LA ESTRATEGIA:
Más simple: Simplificamos la interfaz de todos los indicadores [para que el operador pueda seguir el ABC de su estrategia sin mucha complicación.
Señales de compra y venta: Basado en una estrategia que incorpora dos medias móviles de 10 y 55 periodos, la observación de la fuerza del ADX y la direccionalidad de los osciladores del SQZMON, señales de compra y venta para ser valorado por el comerciante.
Panel lateral: Integramos un panel lateral que permite observar la valoración y dirección de todos los indicadores que componen la estrategia.
Tiene un sistema de alerta que enviará notificaciones sobre los cambios que se produzcan en el indicador.
ENGLISH:
TL_STRATEGY:
The TL_STRATEGY , is a whole ecosystem of indicators that make up a quite powerful and famous strategy in cryptocurrency trading, it is composed of the following indicators:
• Exponential moving media bands (10 and 55).
• Squeeze Momentum indicator (SQZMON PRO +).
• Volume profile (VP Developed by APIDEVs).
• Average directional index ( ADX PRO +).
In ApiDev , we decided to visually optimize this strategy, that is why we created an information panel that shows the joint projection of all the indicators that we already mentioned.
IMPROVEMENTS MADE IN THE STRATEGY:
Simpler: We simplified the interface of all indicators [so that the trader can follow the ABCs of his strategy without much complication.
Buy and sell signals: Based on a strategy that incorporates two moving averages of 10 and 55 periods, the observation of the strength of the ADX and the directionality of the oscillators of the SQZMON, signals of buying and selling to be valued by the trader.
Side panel: We integrate a side panel that allows observing the assessment and direction of all the indicators that make up the strategy.
It has an alert system that will send notifications about the changes that occur in the indicator.
Fr3d0's Volume Profile Visible RangeLow level implementation
At the core of VPVR there’s a concept called “bucketization”.
Question : what is bucketization?
Answer : bucketization consists of identifying metrics with high predictive power and combine them appropriately.
I think this is a problem of bucketization because what the VPVR does is to take a price range, divide it into buckets and fill them up with the volume that was produced in each bucket’s range over the given period.
The more we divide our price range the finer the resolution, but also the less significant each bucket will become.
The steps are :
1. Get the price range with min and max over the give period;
2. Divide the range into buckets;
3. Loop over each candle of the given period and proportionally assign volume to one or more bucket.
Question : how to assign volume to buckets?
Answer : we need to calculate the right amount to add to each bucket for each candle. If 20% of a candle lies on a bucket then that bucket needs to have 20% of the volume of that candle, the rest 80% belongs to other buckets.
To get the percentage of a candle on a given bucket we have to find the price range of the candle contained within the bucket, then divide that amount by the entire length of the candle.
How to bucketize
Question : what are the formulas of A, B, C and Target respectively?
Answer :
- A = Max(candle_high, bucket_top) - Min(candle_low, bucket_bottom);
- B = Max(candle_high, bucket_top) - Min(candle_high, bucket_top);
- C = Max(candle_low, bucket_bottom) - Min(candle_low, bucket_bottom);
- Target = A - B - C.
Now that we now how to calculate the price range belonging to each bucket we need to calculate a percentage of volume to fill the bucket with.
The formula is trivially simple :
Volume * Target / (candle_high - candle_low).
Question : can we distinguish between buy volume and sell volume? If so, how?
Answer : yes we can and the following paragraph will teach you how.
Put it simply we can use the difference between the extremes of a candle (low and high) and its close price to get the buy and sell volumes.
The formulas for that are :
- Buy volume = Volume * (close - low) / (high - low);
- Sell volume = Volume * (high - close) / (high - low).
I know this is rather simplicistic but it makes sense.
Closing thoughts
This script is a working progress and I’m going to give more details if necessary, just let me know in the comments down below.
Delta Volatility ProfileThis script attempts to visualize the footprints of bullish volatility and bearish volatility. By design, it has a close resemblance to volume profile, but the engine behind has been customized for improved accuracy with a novel volatility model.
For usage, it can be used to have an overview of the supply and demand over past periods, to time your entry/ exit & maximize your RR ratio.
May you be on the right side of the trade.
[francrypto® strategy] 4 EMAs, P.SAR & Vol.Prof. (by kv4coins)(ENG)
This script consists of my own strategy for cryptocurrency (but can be adapted very well for stocks, forex, etc.)
Is a combination of:
- Four Exponentials Moving Average (EMA), configurables: by defect are 10, 21, 55 and 200 periods in yellow, aqua, orange and blue each of them
- Parabolic SAR System (PSAR), configurable
- Volume Profile (that has been developed by kv4coins - he has already authorized me to use it under the same OSS Licence Terms: MPL 2.0), configurable: with another default values and bilingual support for Spanish (SPA)
How it works
1) It is always better to detect specifics candlesticks or patrons: doji , pinbar or inverted pinbar , engulfing bars , morning star or evening star , harami , twizzer bottom or top , etc.
2) The 10 and 21 periods EMA help to identify the short-term behavior
3) The 55 periods EMA can be used like a support or resistance in medium-term, as 200 periods EMA in very long-term
4) It will convenient search for a double cross (10 & 21) or a triple cross (10, 21 & 55) to determine the medium-term change Downtrend to UpTrend (or viceversa)
5) Confirm the change patron with the Parabolic SAR and then identify potencials purchases or sales
6) Use Volume profile to detect potential supports or resistances areas, in order to set stop limit/loss and take profit orders.
Hope this helps!
Cheers,
FRANCRYPTO®
–––––– 0 ––––––
(ESP)
Este script consiste en mi propia estrategia para criptomonedas (pero puede adaptarse muy bien para acciones, forex, etc.)
Es la combinación de:
1) Cuatro Medias Móviles Exponenciales (EMA), configurables: por defecto son de 10, 21, 55 y 200 períodos en amarillo, turquesa, naranja y azul cada una de ellas
2) Sistema Parabolic SAR (PSAR), configurable
3) Perfil de Volumen (que fuera desarrollado por kv4coins - que ya me ha autorizado a su uso bajo las mismas condiciones de la Licencia OSS: MPL 2.0), configurable: con otros valores por defecto y soporte bilingüe para Español (SPA)
Cómo funciona
1) Siempre va a resultar mejor detectar velas japonesas específicas o patrones: doji , martillos o martillos invertidos , velas envolventes , patrón amanecer o atardecer , harami , velas gemelas , etcétera
2) La EMA de 10 y 21 períodos ayudan a identificar el comportamiento de corto plazo
3) La EMA de 55 períodos puede ser usada como un soporte o resistencia de mediano plazo, como así también, la EMA de 200 períodos en el muy largo plazo
4) Será conveniente buscar un doble cruce (10 & 21) o un triple cruce (10, 21 & 55) para determinar un cambio de la tendencia de mediano plazo de bajista hacia alcista (o viceversa)
5) Confirmá el patrón de cambio con la Parabólica de SAR y entonces identificá potenciales compras o ventas
6) Usá el perfil de volumen para detectar las potenciales zonas de soporte o resistencia, principalmente para establecer ordenes stop limit/loss o take profit.
¡Espero que pueda serles de utilidad!
Saludos,
FRANCRYPTO®
Trend Volume RSI AnalysisHOW'S THIS INDICATOR DIFFERENT ?
If you are familiar with my work, then you would know that I am into creating indicators with tons of parameters, almost all of which are left for you to configure. While this gives you an incredible level of customization, the feedback I received was that some of you felt a bit overwhelmed by them.
As such, I decided to create an incredibly simple, yet effective indicator that can give you a better overview of what's going on with the security you are trading/investing in without you needing to tweak a dozen parameters. So, the first and most obvious difference you will notice with Trend Volume RSI Analysis is that you have only 1 parameter to configure (length), one checkbox to tick (highlight buy/sell zones), and one dropdown menu to choose from (the type of analysis). All unnecessary features are stripped away and all calculations are done on the backend. Now let's see if this simplicity affects the efficiency of the indicator.
HOW DOES THE INDICATOR WORK?
1. Trend Analysis
The first type of analysis, selected by default, is the Trend. It shows the balance between bulls and bears and their respective strength. In order to filter out the noise and smooth out the graph, a moving average is applied twice - once from left to right, and once from right to left. Although this causes a minor delay, it is justified since the common moving averages lag is significantly reduced. The screenshot below shows an example of a small bull run on the 1h chart.
The indicator also performs very well in spotting divergences. Two divergences (bearish and bullish respectively) are illustrated in the screenshot below.
2. Volume Analysis
Volume Analysis doesn't just sum the standard volume of the trend. Rather, it calculates the effective volume - the one responsible for moving the price up or down and seeks the relationship between total volume and price movement. Thus, you get a smooth volume trendline that should prevent you from opening a position against the trend. As logic dictates, if the buying volume is growing, then the trendline will go up and it will be in green. If, however, the selling volume is growing, the trendline will decline and it will be in red. This analysis is better used on a bigger time frame, such as on a 4h chart.
Note: For those of you who have used my other indicator Multi Time Frame Effective Volume Profile, the formula used here is slightly different. The one used there is optimized for volume bars, while the modifications here deliver a slightly better trendline with less noise.
3. RSI Analysis
Contrary to the standard RSI which derives its results from price movement, this RSI is calculated based on the modified volume. So it's fair to say that it's a Volume RSI. This makes it a bit jerkier, almost something in between an RSI and Stochastics. However, it is much better in identifying divergences and will quickly indicate potential trends as it will start climbing up sooner. The screenshot below is on a 4h chart, but that's only because I want to show more examples. It works equally well on the 1h or even on a minute chart.
In the first example, the divergence is pretty obvious on all three indicators. However, in example 2 you would be able to spot it only on Trend Volume RSI Analysis and somewhat in Stochastics. RSI makes a double bottom there. Similar is the case with example 3, where this indicator is long gone on the way up in comparison to the other two. The difference in reaction comes from the supply and demand relationship, not just from the price movement. When bears are losing steam, the indicator detects this as a low supply level, thus printing the divergence or even climbing up to indicate the start of a new mini-trend.
I must note, however, that this part of the indicator must be used in accordance with the main trend (this is where the other two analyses come into play). You go long on a pullback when there's an established bull trend and you go short on a pullback when there's an established bear trend.
4. Additional Settings
I know, for an indicator with just one parameter this description is getting pretty long. There's only one thing left to cover - highlighting the buy/sell zones. It is fairly simple - when it's ON, the zones where bulls are stronger than bears will be highlighted in green. When the opposite is true, the background will be red. You can switch it OFF if it intervenes with your analysis, but I prefer having it as it shows a confluence of bull/bear force and the indicator itself. Here's an example below:
HOW MUCH DOES THIS INDICATOR COST ?
Although Trend Volume RSI Analysis may look like an incredibly simple indicator, I can assure you that a great deal of time, testing, and optimizing have gone into creating an indicator that does almost everything for you. The initial version was much more complex and a few dozen iterations were required to reach that level of simplicity and practicality. Furthermore, I will continue to update this indicator as well as introduce user-requested features if they will improve its overall performance. To find out more about how to gain access to this indicator, please use the provided information below or just message me . Thank you for your time.
Disclaimer: The purpose of all indicators is to indicate potential setups, which may lead to profitable results. No indicator is perfect and certainly, no indicator has a 100% success rate. They are subject to flaws, wrongful interpretation, bugs, etc. This indicator makes no exception. It must be used with a sound money management plan that puts the main emphasis on protecting your capital. Please, do not rely solely on any single indicator to make trading decisions instead of you. Indicators are storytellers, not fortune tellers. They help you see the bigger picture, not the future.
BANK NIFTY ALGO This indicator is specifically designed for trading Bank Nifty (NSE) for intraday trading & short term swing trading
Description :
This indicator is based on Price Action Theory, Volume Profiles and Moneyflow Analytics. It also incorporates important parameters of the underlying assets such as Banking stocks & key benchmark banking metrics. It shows the bias of the index at any given point of time.
USP: It reacts to change in price momentum if that is sustainable; thereby eliminating random spikes & offshoots in price. This is much more conservative way of trading & gives signal only when the trend is strongly stabilized.
How to use ?
Timeframe : Time duration for each bar (Input to given to the indicator by user)
Notations used in the indicator:
B- Signal for Buy
S- Signal for Sell
CS- Close Shorts
CL- Close Longs
BookLong- Book all Longs
BookShort- Book all Shorts
Critical Pivot is a point which is defined as the boundary of bullish & bearish sides. This is the thick line which changes color green to maroon to grey. It gives an idea of bias in the market. Green color is for Bullish bias, Maroon for Bearish bias & Grey for Neutral
Swing High: The dynamic green line at the end of the charts
Swing Low : The dynamic red line at the end of the charts
Major uses of the Indicator:
1. Understanding the direction of Bank Nifty and understands levels for entry / exits --- B & S signals
2. Understanding SL levels in order to prevent loss during unforeseen events ------------- Break of the critical pivot ( green/maroon line )
3. Understanding Trailing SL levels to hold on to the winners --------------------------------- Break of the Green/Red Line
Ideal Timeframes for this Indicator :
1.Intraday ( 5 min/15 mins )
2.Swing ( 30 mins/1 hour)
Disclaimer: This script/strategy is for educational purpose and individual use only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts. Please be fully informed regarding the risks associated with trading the financial markets.
This is a premium indicator
If you want access to this indicator, please message us (Links/Email in description below )
BANK NIFTY | SCALP PROThis indicator is specifically designed for trading Bank Nifty (NSE) for intraday scalping
Today we live in a age of Day trading (~90% trades at the exchange are intra day trades ). This requires set of much sophisticated tools & techniques to analyze the charts.
Description :
This indicator is based on Price Action Theory, Volume Profiles and Moneyflow Analytics. It also incorporates important parameters of the underlying assets such as Banking stocks & key benchmark banking metrics. It shows the bias of the index at any given point of time.
USP: It reacts to changes in price & other critical parameters very fast identifying the best scalping opportunities
How to use ?
Timeframe : Time duration for each bar (Input to given to the indicator by user)
Notations used in the indicator:
B- Signal for Buy
S- Signal for Sell
CS- Close Shorts
CL- Close Longs
BookLong- Book all Longs
BookShort- Book all Shorts
Critical Pivot: This is the thick line which changes color green to maroon to grey. It gives an idea of bias in the market. Green color is for Bullish bias, Maroon for Bearish bias & Grey for Neutral
Swing High: The dynamic green line at the end of the charts
Swing Low : The dynamic red line at the end of the charts
Major uses of the Indicator:
1. Understanding the direction of Bank Nifty and understands levels for entry / exits --- B & S signals
2. Understanding SL levels in order to prevent loss during unforeseen events ------------- Break of the critical pivot( green/maroon line )
3. Understanding Trailing SL levels to hold on to the winners --------------------------------- Break of the Green/Red Line
Ideal Timeframes for this Indicator :
1.Scalping ( 3 min / 5 min/15 mins )
Disclaimer: This script/strategy is for educational purpose and individual use only. The author of this script/strategy will not accept any liability for loss or damage as a result of reliance on the information contained in the charts. Please be fully informed regarding the risks associated with trading the financial markets.
This is a premium indicator
If you want access to this indicator, please message me (Links/Email in description below )
[R&D] Moving CentroidThis script utilizes this concept. Instead of weighting by volume, it weights by amount of price action on every close price of the rolling window. I assume it can be used as an additional reference point for price mode and price antimode.
it is directly connected with Market (not volume) profile, or TPO charts.
The algorithm:
1) takes a rolling window of, for example, 50 data points of close prices:
2) for each of this closing prices, the algorithm will check how many bars touched this close price.
3) then: sum of datapoints * weights/sum of weights
Since the logic is implemented in pretty non-efficient way, the script sometimes can take time to make calculations. Moreover, it calculates the centroid taking into account only close prices, not every tick. of a given rolling window That's why it's still experimental.
Trendgap strategyPrice action pattern with gap, imbalance and pivot. Simply used with volume profile. Calculating luqidity, volume on bar, price action patter.
[3Captain] Iron Dragon LineIntroducing the new indicator Iron Dragon Line.
Volume Profile (Visible Range) is expressed in solid lines.
The stronger the intensity, the more solid lines are superimposed, so it is expressed in bold.
It is based on a strategy of entering a solid line and clearing the dotted line.
When used with the " the korean secret sarunan" strategy, it is easy to identify and enter.
You can change the position of the dotted line through the source at the input.
As a result of back-testing, it was confirmed that high / low was advantageous in time frames of 15 minutes or less, and close was advantageous in higher frames.
신규 인디케이터 Iron Dragon Line 을 소개합니다.
Volume Profile (Visible Range)를 실선으로 표현했습니다.
강도가 강할수록 실선이 중첩되기 때문에 진하게 표현됩니다.
실선에서 진입을 하여 점선에 청산하는 전략을 기본으로 합니다.
input에 있는 소스를 통하여 점선의 위치를 변경할 수 있습니다.
백테스팅 결과 15분이하의 타임프레임에서 high/low가 유리했으며 높은 프레임일수록 close가 유리한것을 확인할 수 있었습니다.
Z-HistogramIt is possible to approximate the underlying distribution of a random variable by using what is called an "Histogram". In order to construct an histogram one must first split the data into several intervals (also called bins) often of the same size and count the number of values falling within each intervals, the histogram plot is then constructed with the X axis representing the measured variable and the Y axis representing the frequency.
The proposed script aim to estimate the underlying distribution of a rolling z-score by constructing its histogram, here the histogram consist of 13 bins of width 0.5 rolling standard deviations. The length setting define the rolling z-score period, the window setting define the number of past data to be counted, finally using the "Total" option (true by default) will count all the rolling z-scores values since the first bar, in order to use the window setting make sure to uncheck the "Total" option.
DISPLAY
In order to see the entirety of the histogram make sure to double click on the indicator window and to have all the lower panels (text notes, pine editor...etc) hidden, finally make sure to zoom-in in order to see the frequency numbers displayed.
Z-Histogram on BTCUSD 15 min TF, the blue bins represent intervals situated over 0 while red bins represent intervals situated under 0. Here σ represent the X-axis in standard deviations, the histogram start with a bin situated at σ = -3 which count the number of times the rolling z-score was within -3 and -2.5, the histogram end with the bin situated at σ = 3 which count the number of time the rolling z-score was within 3 and 3.5.
It is also possible to look at the shape of the histogram without having the indicator window at full size.
INTERPREATION
An histogram can give really interesting information such as overall trend direction and strength. The direction can be measured by looking at the skewness of the histogram, with a negative skewness (the peak of the histogram situated at the right from the center) representing down-trending variations and positive skewness (the peak of the histogram situated at the left from the center) representing up-trending variations, while a symmetrical histogram could represent a ranging market. The farther away the peak of the histogram is situated from the center, the stronger the trend.
Another interesting characteristic is the tailedness of the histogram, which can give information about the cleanliness of the trend, for example a positive skew and high tailedness would represent a clean up-trend, as it could suggest less variations contrary to the main trend.
An histogram applied to the rolling z-score can give various useful information. As a recall the rolling z-score of the price measure the distance between the closing price and its moving average in term of rolling standard deviations, for example if the rolling z-score is equal to 2 it means that the closing price is currently 2 rolling standard deviations over its moving average.
Lets for example analyze the histogram using INTC 15 min tf with a window of 456 bars and rolling z-score of length = 100 in order to review longer term variations.
We can see from the histogram that the uptrend visible on the chart is represented by the bins situated over 0 having an overall higher frequency than the bins under 0, we can see that the closing price tended to stay between 1 and 1.5 rolling standard deviations over its period 100 moving average. Here bins under 0 accounts for retracements in the trend.
IN SUMMARY
An histogram can give various information regarding the price evolution of a security, the proposed script aim to plot the histogram of a rolling z-score. Now this script might not be too useful but it was fun to make, also it does not mean that an histogram is not an useful tool in the context of trading, the only thing required is a god implementation of it (like volume profiles for example)
In this post we have also reviewed some important statistical concepts such as distributions, z-score, skewness and tailedness, each being extremely important in the quantitative trading field.
Thx for reading !
GA - Value at RiskGA Value at Risk is a multifunctional tool. Its main purpose is to plot on the chart the Value at Risk . But it shows also integrated features related to the Volatility.
Value at Risk is a measure of the risk of loss for investments, given normal market conditions, in a period.
It measures and quantifies the level of financial risk. In this case, the risk is within position over a specific time frame.
Defining p as VaR, the probability of a loss greater than VaR is p, at most. Instead, the probability of loss that is less than VaR is 1-p, at least.
The VaR Breach occurs when a loss exceeds the VaR threshold .
For this case, VaR calculation uses the volatility estimation in a time interval. It defines the Probability Confidence according to the Normal Distribution. VaR is a percentile of the Normal Distribution. This is a multiplier of the Standard Deviation that define a Volatility Range.
The Normal Distribution Area around +- the Standard Deviation gives 68% of Confidence. 2 times the Standard Deviation returns a 95% of probability area. 3 time the Standard Deviation the Area returns 99.7% of Confidence.
Knowing VaR modeling, it is possible to determine the amount of a potential loss . Then, it is possible to know if there is enough capital to cover losses. In the same way, higher-than-acceptable risks forces reducing exposure in a financial instrument.
One of its practical use is to estimate the risk of an investment that is already at portfolio. Indeed, this is the purpose of the Value at Risk calculated in this script.
At the VaR Breach that investment has reached its worst scenario. Then, it can be the case to manage that investment into the balanced portfolio.
The Value at Risk does not tell when to enter the market.
Moving Averages
GA Value at Risk bases its calculations on a set of Moving Averages. Every feature of the script uses one of these Moving Averages for its algorithm.
Moving Averages from MA0 to MA8, are the core of each feature of the script.
By default, from MA0 to MA8, Moving Averages use the Fibonacci Series to define their lengths. This happens because of the power of the Golden Ratio in the market behavior.
Instead, the first moving average is an extra resource. Its purpose is to plot a Signal Line on the chart.
The script does not consider plotting every Moving Average on the chart. But it lets you enable the plotting of 7 Moving Averages (from MA0 to MA5 + Signal Line).
It is possible to select the Moving Average Formula to use in the script. This is a setting that affects every Moving Average. Then, it changes also the result of every feature of the script.
The selection is between:
Exponential Moving Average.
Simple Moving Average.
Weighted moving Average.
Simple Moving Averages and Pointers - Full Visibility
Moving Averages and Partial Visibility
The plotting of each Moving Average can be total or partial.
By default, the plotting of Moving Averages and Signal Line is partial.
When the price approaches a Moving Average a little part of the curve becomes visible. This highlights supports or resistances.
Besides, this tracking remains on the chart. Then it shows supports and resistances that the price reached during its progression.
The Partial Visibility Algorithm is a great advantage, ruling how to plot curves. It uses a parameter to set how much of the curves is to plot.
Exponential Moving Averages and Pointers - Partial Visibility
Exponential Moving Averages and Pointers - Full Visibility
Moving Averages and Pointers
As it is clear, it is not necessary to plot entire curves of Moving Averages on the chart. But it becomes relevant to plot Pointers to Moving Averages.
Indeed, the script plots horizontal segments that point to the latest Average Prices.
Every segment has a Label that shows Average Price, Length, and its related Moving Average (from MA0 to MA8). Besides, it is possible to extend the segment to right.
These pointers are a very useful automatization. They point to the Moving Averages. In this way, they show Dynamic Supports and Resistances as horizontal segments.
They are adaptive. Used together with the Volume Profile their progression approaches Edges of High Nodes.
This adaptive behavior makes easy to see when the price reaches Volume High Nodes and slows down.
Moving Average Pointers use the Partial Visibility Algorithm. In this case, the algorithm shows pointers with higher frequency than curves.
Moving Averages Pointers have:
Horizontal Segment as a Pointer with Arrow.
Label with details.
Circle to the current Average Price.
Weighted Moving Averages and Pointers - Full Visibility
Volatility Channels
Having Moving Averages, from MA0 to MA8, it is possible to plot 9 Volatility Channels.
Each Volatility Channel uses one of the Moving Averages, from MA0 to MA8.
Indeed, each Volatility Channel has the same designation of the Moving Average used.
The Standard Deviation defines the Volatility Range. It uses the length of the Moving Average related to the Volatility Channel.
The Volatility Range is unique for each Volatility Channel. In the same way, each Volatility Channel is unique because of its relation to only one Moving Average.
By default, each volatility channel has the 2 value as Standard Deviation Multiplier. This gives 95% of Confidence that the price will stay into the Volatility Range.
Using the Simple Moving Average, each Volatility Channel becomes a Bollinger Bands envelop.
Volatility Channels work very well even using Exponential or Weighted Moving Averages.
MA0 - Volatility Channel
Volatility Channels - From MA0 to MA8
Value at Risk (VaR)
GA Value at Risk plots VaR according to the volatility. The VaR plotting follows the Trend Momentum or Buying-Selling Waves.
By default, VaR follows the Trend Momentum by 2 times the Standard Deviation of MA0. Where MA0 is the first Moving Average and Volatility Channel of the set.
Besides, by default, the calculation of the Value at Risk is adaptive. It does not follow the Volatility Channel Bands. But it changes according to the fast reaction of the price into the Volatility Range.
By default, VaR follows the main momentum even if the price is moving in opposition to it. This occurs as long as the Trend Momentum persists.
In the settings box, It is possible to select the following of the latest Buying Wave or Selling Wave.
In this case, VaR changes according to the change of Buying Wave or Selling Wave. This means that, on these conditions, VaR follows main swings. Then it follows the weakening and the strengthening of the trend momentum as long as it persists.
The plotting of the Value at Risk can show these features:
Red cycle to show the Value at Risk at the current price.
Look Back Red Line that shows the progression of the Value at Risk.
Label with details.
MA0 - Value at Risk - Not Adaptive
MA0 - Value at Risk - Adaptive
It is possible to use a different Moving Average and Volatility Channel from the set. This affects the calculation and the plotting of the Value at Risk. In this way, the algorithm return the Value at Risk for the short, middle, or long-term.
Then, you can get the Value at Risk for that Financial Instrument, calculated for ~1 year or more so as for 1 month.
The Value at Risk does not tell you when to enter the market. Besides, it does not show you that the trend is changing.
MA3 - Value at Risk - Adaptive
Value at Profit (VaP)
The Value at Profit has a descriptive purpose. It points the Volatility Band that is opposite to the Value at Risk.
I chose Value at Profit as a designation for this feature. It does not tell you where to exit the market.
But is shows what the price progression is pointing on. This happens following the switching between Volatility Ranges.
The VaP follows the Volatility Band where the price tends to converge.
An outperforming or underperforming price is running faster than the average trend. Then when the price runs enough to converge to the Volatility Band, it is over extended or under extended.
At these conditions, the increased buying or selling pressure affects the price behavior. This slows down the price progression.
The Algorithm behind the Value at Profit is adaptive. Then the pointer jumps up and down the Volatility Bands of the 9 Volatility Channels. This occurs according to the price progression, following the switching between Volatility Ranges.
So, the VaP points a Volatility Band as long as the price can have chances to converges on it. Instead, when the price has chances to exceed the Volatility Band, the VaP points to the next one.
The plotting of the Value at Profit occurs enabling its Label with details.
Value at Profit - MA0 Volatility Channel Upper Band
Value at Profit - MA6 Volatility Channel Upper Band
Price Extension
When the price runs far away from the average trend price, GA Value at Risk can plot the price extension.
It shows the distance in percentage of the price from a Moving Average of the set. This tends to highlight conditions where the price is over or under extended.
An overbought or oversold condition precedes the shortening of the Trust. It is a cause of the hesitation of the price to continue its progression. This includes also Climactic Points and Signs of Dominance.
The Price Extension plotting uses a variation of the Partial Visibility Algorithm. It plots the Price Extension Arrow only when there are specific volatility conditions.
When the Partial Visibility is set to 0, the Price Extension Arrow is always visible on the chart.
The plotting of the Price Extension includes a Label with details.
Over Extension - The Price is Outperforming MA0
Under Extension - The Price is Underperforming MA0
Price Extension Coloring for Bars and Line Chart
GA Value at Risk lets you enable the coloring of vertical charts. Green and Red colors mark the over and under extended price on bars, candle sticks, and also on the Line Chart.
The Price Extension Algorithm colors Bars and Line Chart by a momentum function.
Indeed, the coloring happens following Relative Strength Index or Bollinger Bands %B.
These 2 Momentum functions are different. Indeed, they color the chart according to the purpose of their curves.
Coloring the Line Chart, it is necessary to put on front the script visibility.
Overbought and Oversold Conditions on Line Chart by Bollinger Bands %B
Overbought and Oversold Conditions on Candlesticks Chart by Relative Strength Index
Note: I restrict access to the tool. Use the links in my signature field to gain access to the script. Feel free to send me a PM for any question.
Thank you
Girolamo Aloe
Founder of Profiting Me Finance Analytics
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Disclaimer
Nobody in Girolamo Aloe websites and trading view profile is a Financial Advisor. Nothing therein is intended to be constructed as Financial Advice. The content on his websites is for information and educational purposes only.
Trading carries high risk. You should not invest money that you cannot afford to lose. Past performance is not an indication of future results.
PpSignal Volume Profilethis indicator shows us the strength of the volume. green is buy signal an orange is sell signal.
The yellow signal is the net volueme. Net volume is a technical indicator calculated by subtracting a security's uptick volume by its downtick volume over a specified period of time.
when the volume buy is greater than the volume of sell the background change to aqua color. When the sell volume is greater than the buy volume, the background is painted orange ...
MULTITIMEFRAME_VWAP_MANOJVWAP is a powerful concept.
It denotes the fair price that is traded in the market.
In other words, it represents a variance of POINT OF CONTROL (POC) which is a Market Profile / Volume Profile Concept.
It is a leading indicator as it is dependent on the price and volume .
Usually VWAP is used for intraday trades and Trading view as an in built indicator which works only for intraday.
This script plots daily vwap , monthly vwap , quarterly vwap and yearly vwap .
The suggested combination is :
intraday charts - daily vwap
daily charts - monthly and / or quarterly vwap
weekly charts - quarterly and / or yearly vwap
moving quantilesAlways works... Just kidding, indicates moving quantiles. Something between volume profiles and moving averages.
