This indicator shows 1 and 2 standard deviation price move from the VWAP based on VIX. Implied Volatility (IV) is being used extensively in the Option world to project the Expected Move for the underlying instrument. VIX is used as a proxy for SPY's IV for 30 days.
This indicator is meaningful only for SPY but can be used in any other instrument which has a...
Hi traders , this is lonelygrass again 😄, and I am going to show what you don't often see out there and share it with you.
This indicator is called "s&p 500 sector strength index"😎 , which allows you to distinguish strengths and weaknesses between different sectors in s&p500, and to create meaningful trading frameworks around it.
Similar to the RSI indicator ,...
These Bollinger bands feature Fibonacci retracements to very clearly show areas of support and resistance. The basis is calculate off of the Volume Weighted Moving Average. The Bands are 3 standard deviations away from the mean. 99.73% of observations should be in this range.
Simple DMI with ADX Indicator.
- DMI+ line plot with circles, which helps to identify peaks/troughs in order to gauge price momentum
- DMI- line plot with circles, which helps to identify peaks/troughs in order to gauge price momentum
-ADX line plot with circles, with dynamic coloring, so that you can tell when a trend is increasing (green bars), or losing...
-Head on over to my blog a Networthie.com to read more about the Breadth Ratio; or head to my snapchat to watch me apply this principle in the morning trading.
- The Breadth Ratio v1.1 Indicator is a Market Internals tool based upon the shares traded in stocks that...
The Sharpe ratio allows you to see whether or not an investment has historically provided a return appropriate to its risk level. A Sharpe ratio above one is acceptable, above 2 is good, and above 3 is excellent. A Sharpe ratio less than one would indicate that an investment has not returned a high enough return to justify the risk of holding it. Interesting in...
Works best as an intraday indicator
Background black & line green = Long VIX
Background black & red line = No trade
Background orange & line green = Consider selling
Background orange & line red = Short VIX
This indicator is based on Volatility and Market Sentiment. When volatility is high, and market sentiment is positive, the indicator is in a low or 'buy state'. When volatility is low and market sentiment is poor, the indicator is high.
The indicator uses the VIX as it's volatility input.
The indicator uses the spread between the Call Volume on SPX/SPY and the...
this script marks off the extended hours trading for NY session. Shades the off hours and overnight data. Highlights the regular trading session for NY session. It can be adjusted for any particular market.
I use it specifically to show the missing data on the SPY as compared with the continuous data on the SPX500.
I am going to start taking requests to open source my indicators and they will also be updated to Version 4 of Pinescript.
I added some features to the original code such the ability to smooth the oscillator and select the look back periods for the historical volatility.
Link to original:...
Modified version of ATR Pips
The indicator's value is a third of the daily range which is good to use as a stop loss value for intra day scalping on markets such as index futures and forex.
It's good for detecting and confirming inflection points in the market.
Use only on Daily charts!!
When average AH moves are consistent with average daytime moves it tends to indicate a trend. The phenomenon is not obvious on a day to day basis but is easy to see with the smoothed changes.
Blue is smoothed daytime change and black is smoothed AH gap. The length is how many periods back to start the differentiation between AH and...
Error with math fixed in this one. Please use this one.
This is great for credit spreads! Lets say you wanted to know if you had sold a 15% OTM Bull Put vertical 2 months out, how often would you win? This Turns green if you would have been correct with your credit spread had it expired on that date, or red if you would've been wrong. Great for Back testing!...
I found this useful tool among the indicators but it wasn't doing the correlation study correctly.
Everything in markets, with only a few exceptions, are rising in value over time and therefore trended to time. The simplest method I found is to use link relative or first difference detrending, before calculating a correlation between assets.
I also updated it to...