ENIGMA ENDGAME with Dynamic Trend-Based FibonacciOverview:
The *ENIGMA ENDGAME with Dynamic Trend-Based Fibonacci* indicator is designed for traders seeking precision in identifying high-probability trade opportunities based on dynamic Fibonacci retracement levels. By combining trend analysis, Fibonacci filtering, and session-based logic, this indicator provides actionable buy and sell signals with a strong foundation in technical analysis.
Features:
1. **Dynamic Trend-Based Fibonacci Levels:**
- Automatically calculates Fibonacci retracement levels based on the current market trend (uptrend or downtrend).
- Levels dynamically adjust to the latest swing high/low, providing an evolving view of key price areas.
2. **Customizable Fibonacci Levels:**
- Configure up to four Fibonacci levels (e.g., 50%, 61.8%, 72%, 99%) to tailor the indicator to your trading strategy.
- Default levels are pre-set but can be adjusted for unique market approaches.
3. **Kill Zones for Session Filtering:**
- Filters trades based on predefined trading sessions (London and US).
- Easily configurable to match your trading hours or preferences.
4. **Buy and Sell Signals:**
- **Buy Signals**: Triggered during uptrends when the price pulls back to Fibonacci support levels.
- **Sell Signals**: Triggered during downtrends when the price retraces to Fibonacci resistance levels.
- Signal shapes (green triangles for buys, red triangles for sells) make them visually clear on the chart.
5. **Customizable Historical Signals:**
- Control how many past signals are displayed to maintain a clean chart while tracking historical performance.
6. **Alerts for Trade Opportunities:**
- Alerts for buy and sell signals allow traders to stay informed even when away from the screen.
How to Use:
1. **Trend-Based Fibonacci Analysis:**
- Enable the indicator on any instrument and timeframe.
- Monitor the Fibonacci levels dynamically calculated based on the most recent market trend (uptrend/downtrend).
2. **Kill Zones for Sessions:**
- Adjust the London and US session times under the **Inputs** tab to match your trading style.
- Signals outside these sessions are filtered, reducing noise during low-liquidity periods.
3. **Fibonacci Level Configuration:**
- Modify the Fibonacci retracement levels (e.g., 50%, 61.8%, etc.) under **Inputs** to fit your specific strategy.
- Ensure levels align with your desired retracement/resistance zones for trades.
4. **Buy/Sell Signal Confirmation:**
- Look for buy signals (green triangles) during uptrends when the price retraces to dynamic Fibonacci support levels.
- Look for sell signals (red triangles) during downtrends when the price retraces to dynamic Fibonacci resistance levels.
5. Alerts:
- Configure alerts under **TradingView Alerts** to be notified of buy or sell opportunities in real time.
Inputs and Default Settings:
- **Kill Zones:**
- London Start Hour: 1 UTC
- London End Hour: 23 UTC
- US Start Hour: 8 UTC
- US End Hour: 23 UTC
- **Swing Lookback Period:** 6
- **Fibonacci Levels:**
- Level 1: 50% (default)
- Level 2: 61.8% (default)
- Level 3: 72% (default)
- Level 4: 99% (default)
- **Maximum Historical Signals:** 30
- **Lookback Periods for Confirmation:**
- Minimum: 3
- Maximum: 18
Best Practices:
- Use this indicator in combination with price action or other tools to confirm trade setups.
- Ensure your Fibonacci levels align with known key levels on higher timeframes for increased accuracy.
- Monitor session activity using the kill zones to avoid trades during low-volume periods.
趨勢分析
TS Aggregated Median Absolute DeviationTS Aggregated Median Absolute Deviation (MAD) Indicator Explanation
Overview
The TS Aggregated Median Absolute Deviation (MAD) is a powerful indicator designed for traders looking for momentum-based strategies. By aggregating the Median Absolute Deviation (MAD) across multiple timeframes, it provides a comprehensive view of market dynamics. This indicator helps identify potential reversal points, overbought/oversold conditions, and general market trends by leveraging the concept of MAD, which measures price dispersion from the median.
Signal Generation:
Long Signal: Triggered when the price moves above the aggregated upper band
Short Signal: Triggered when the price moves below the aggregated red band
Alerts:
Real-time alerts are integrated to notify the user of long or short signals when confirmed:
Long Signal Alert: "TS MAD Flipped ⬆LONG⬆"
Short Signal Alert: "TS MAD Flipped ⬇Short⬇"
Optimization:
Adjust thresholds, MAD lengths, and multipliers for each timeframe to suit the specific asset and market conditions.
Experiment with enabling/disabling MAD components to focus on particular timeframes.
Real-Time HTF Volume Footprint [BigBeluga]Real-time HTF Volume Footprint Profile is designed to provide a comprehensive view of higher timeframe volume profiles on your current chart. It overlays critical volume information from larger timeframes (like daily, weekly, or monthly) onto lower timeframe charts, helping you spot significant levels where volume is concentrated, acting as potential support or resistance.
🔵 Key Features:
HTF High and Low Zones: The indicator highlights the high and low of the chosen higher timeframe with clear zones, marking them with boxes. These zones help you see the broader market structure at a glance.
Volume Profile within HTF Range: Each higher timeframe range displays a volume profile, showing the distribution of volume at each price level. The most-traded price is highlighted in blue, known as the Point of Control (POC), indicating the price level with the highest activity.
Dynamic POC Option: Activate Dynamic POC to observe how the Point of Control shifts over time, giving insight into changing market interests and potential price direction.
Timeframe Flexibility: Select from daily, weekly, and monthly ranges (and more) to overlay their footprint profiles on your lower timeframe chart. This helps you tailor the indicator to the trading horizon that suits your strategy.
Info Table: Table shows a traders which timeframe is selected with last high and low of the selected timeframe
Visual Clarity with Custom Colors: The indicator uses subtle fills and distinct colors to ensure volume profile data integrates seamlessly into your chart without overwhelming other indicators or price data.
🔵 When to Use:
The HTF Volume Footprint Profile is essential for traders who want to bridge the gap between high-timeframe and intraday analysis. By visualizing HTF volume distribution on lower timeframes, this tool helps you:
Spot potential liquidity zones where price might react.
Identify support and resistance levels within HTF ranges.
Monitor PoC shifts that indicate changes in market behavior.
Track how current price aligns with significant volume clusters, providing a clear edge for volume-based strategies.
This indicator empowers traders to analyze lower timeframes with the context of higher timeframe volume profiles, providing a solid basis for identifying critical support and resistance levels shaped by large volume clusters. Whether you’re looking to spot liquidity zones or align your trades with broader market trends, HTF Volume Footprint Profile equips you with a strategic view.
RDW Pivot DetectorThe RDW Pivot Detector is a versatile Pine Script indicator designed to identify and visualize pivot points in price action, enhancing traders' ability to spot potential reversals and continuation zones. This script includes dynamic support and resistance levels, giving traders a clearer understanding of market structure and trends.
Key Features:
Pivot Point Detection:
Identifies both regular and missed pivot points (highs and lows).
Displays labels for pivot highs (▼) and pivot lows (▲) with customizable colors and tooltips.
Missed pivots are marked with 👻 symbols for better clarity.
Dynamic Support & Resistance:
Tracks support and resistance levels using the lowest low and highest high within a user-defined lookback period.
Customizable Visualization:
Dashed lines for missed pivots, and solid lines for valid pivots.
Custom color options for both regular and missed pivots.
RS Rating (Relative Strength Filter):
Integrates a dummy RS rating to highlight buy signals based on user-defined thresholds.
How to Use:
Add to Chart:
Open TradingView and apply the script to your desired asset chart.
Setup Options:
Pivot Length: Adjust the sensitivity of pivot detection.
Display Preferences:
Toggle regular (▼, ▲) or missed (👻) pivots using the options in the settings menu.
Colors: Customize pivot label and line colors to suit your charting preferences.
Dynamic Levels:
Enable the dynamic support and resistance to monitor key price levels and adjust the "Lookback Period" to align with your trading strategy.
RS Rating Integration:
Use the RS rating filter for buy signal generation. Adjust the threshold (default is 40) to match your criteria for identifying strong stocks.
Interpret Signals:
Buy Signal: Triggered when RS Rating exceeds the user-defined threshold. Combine this with identified pivot lows (▲) for potential entry zones.
Sell Signal: Look for pivot highs (▼) near resistance levels to anticipate potential selling opportunities.
Recommendations:
Use the RDW Pivot Detector alongside other technical indicators for confirmation, such as moving averages or oscillators.
Test the settings on multiple timeframes and markets to find optimal parameters that align with your trading strategy.
Combine missed pivots and dynamic levels for trend-following or reversal strategies.
This script is a powerful tool for identifying key market levels and can be customized to fit any trading style!
RDW Pivot DetectorThe RDW Pivot Detector is a versatile Pine Script indicator designed to identify and visualize pivot points in price action, enhancing traders' ability to spot potential reversals and continuation zones. This script includes dynamic support and resistance levels, giving traders a clearer understanding of market structure and trends.
Key Features:
Pivot Point Detection:
Identifies both regular and missed pivot points (highs and lows).
Displays labels for pivot highs (▼) and pivot lows (▲) with customizable colors and tooltips.
Missed pivots are marked with 👻 symbols for better clarity.
Dynamic Support & Resistance:
Tracks support and resistance levels using the lowest low and highest high within a user-defined lookback period.
Customizable Visualization:
Dashed lines for missed pivots, and solid lines for valid pivots.
Custom color options for both regular and missed pivots.
RS Rating (Relative Strength Filter):
Integrates a dummy RS rating to highlight buy signals based on user-defined thresholds.
How to Use:
Add to Chart:
Open TradingView and apply the script to your desired asset chart.
Setup Options:
Pivot Length: Adjust the sensitivity of pivot detection.
Display Preferences:
Toggle regular (▼, ▲) or missed (👻) pivots using the options in the settings menu.
Colors: Customize pivot label and line colors to suit your charting preferences.
Dynamic Levels:
Enable the dynamic support and resistance to monitor key price levels and adjust the "Lookback Period" to align with your trading strategy.
RS Rating Integration:
Use the RS rating filter for buy signal generation. Adjust the threshold (default is 40) to match your criteria for identifying strong stocks.
Interpret Signals:
Buy Signal: Triggered when RS Rating exceeds the user-defined threshold. Combine this with identified pivot lows (▲) for potential entry zones.
Sell Signal: Look for pivot highs (▼) near resistance levels to anticipate potential selling opportunities.
Recommendations:
Use the RDW Pivot Detector alongside other technical indicators for confirmation, such as moving averages or oscillators.
Test the settings on multiple timeframes and markets to find optimal parameters that align with your trading strategy.
Combine missed pivots and dynamic levels for trend-following or reversal strategies.
This script is a powerful tool for identifying key market levels and can be customized to fit any trading style!
Ichimoku Cloud Strategy with Exits
- Buy Signal
- Sell Signal
- Long Exit Signal
- Short Exit Signal
Bitcoin Premium [SAKANE]Overview
"Bitcoin Premium " is an indicator designed to analyze the price differences (premiums) of Bitcoin between major exchanges. By using this tool, you can visualize these differences and trends across exchanges, helping you make more informed trading decisions.
Features
1. Premium Calculation and Display
- Calculates and visualizes the price differences between major exchanges like Coinbase, Bitfinex, Upbit, and Binance.
- Premiums are displayed in a histogram format for intuitive analysis.
2. Forex Rate Adjustment
- Prices quoted in KRW (e.g., from Upbit) are converted to USD using real-time KRW/USD forex rates.
3. Moving Average Option
- Displays moving averages (SMA or EMA) of premiums for a clearer view of long-term trends.
4. Customizable Settings
- Toggle the premium display for each exchange on or off.
- Includes label displays to support visual analysis.
What Can It Do for You?
1. Identify Arbitrage Opportunities
By observing price differences (premiums) between exchanges, you can identify arbitrage opportunities.
Example: If Bitcoin is cheaper on Binance and more expensive on Coinbase, you could buy on Binance and sell on Coinbase to capture the price difference.
2. Understand Regional Supply and Demand Trends
Each exchange's premium reflects the supply and demand dynamics of its respective region.
Example: A high premium on Upbit may indicate excess demand or regulatory impacts in the South Korean market.
3. Analyze Liquidity
Price differences often highlight liquidity disparities between exchanges. Markets with lower trading volumes tend to have larger premiums due to price distortions.
4. Evaluate Macroeconomic Impacts
Premium movements may reflect changes in macroeconomic factors, such as exchange rates, regulations, or financial conditions specific to each region.
5. Analyze Trends and Market Sentiment
By tracking premium trends, you can gauge market sentiment and understand regional or exchange-specific behaviors to inform your investment decisions.
6. Support Strategic Trading
This tool is useful for short-term arbitrage strategies as well as long-term evaluations of market health.
Exchange Characteristics and Premium Implications
The meaning of premiums varies by exchange.
- Coinbase (US Market)
Primarily used by investors buying directly with fiat currency (USD). A higher premium often signals bullish sentiment among institutional and retail investors.
- Bitfinex (Global Market)
A trader-focused exchange with active large-scale and leveraged trading. Premiums may reflect liquidity and risk appetite.
- Upbit (South Korean Market)
Priced in KRW, making it subject to forex rates and local market dynamics. High premiums may indicate strong demand or regulatory influences in South Korea.
- Binance (Global Market)
The largest exchange by trading volume. Premiums here are often a reflection of the overall market balance.
Notes
- This indicator is for reference only and does not guarantee trading decisions.
- Please consider the characteristics and conditions of each exchange when using this tool.
@Naveen-Momentum BuyThis Indicator showing Buy/Sell signals.
RSI(14)>60 BUY and
Macd and RS(55)andRS(21)>Nifty also
Ema's
Market Flow Volatility Oscillator (AiBitcoinTrend)The Market Flow Volatility Oscillator (AiBitcoinTrend) is a cutting-edge technical analysis tool designed to evaluate and classify market volatility regimes. By leveraging Gaussian filtering and clustering techniques, this indicator provides traders with clear insights into periods of high and low volatility, helping them adapt their strategies to evolving market conditions. Built for precision and clarity, it combines advanced mathematical models with intuitive visual feedback to identify trends and volatility shifts effectively.
👽 How the Indicator Works
👾 Volatility Classification with Gaussian Filtering
The indicator detects volatility levels by applying Gaussian filters to the price series. Gaussian filters smooth out noise while preserving significant price movements. Traders can adjust the smoothing levels using sigma parameters, enabling greater flexibility:
Low Sigma: Emphasizes short-term volatility.
High Sigma: Captures broader trends with reduced sensitivity to small fluctuations.
👾 Clustering Algorithm for Regime Detection
The core of this indicator is its clustering model, which classifies market conditions into two distinct regimes:
Low Volatility Regime: Calm periods with reduced market activity.
High Volatility Regime: Intense periods with heightened price movements.
The clustering process works as follows:
A rolling window of data is analyzed to calculate the standard deviation of price returns.
Two cluster centers are initialized using the 25th and 75th percentiles of the data distribution.
Each price volatility value is assigned to the nearest cluster based on its distance to the centers.
The cluster centers are refined iteratively, providing an accurate and adaptive classification.
👾 Oscillator Generation with Slope R-Values
The indicator computes Gaussian filter slopes to generate oscillators that visualize trends:
Oscillator Low: Captures low-frequency market behavior.
Oscillator High: Tracks high-frequency, faster-changing trends.
The slope is measured using the R-value of the linear regression fit, scaled and adjusted for easier interpretation.
👽 Applications
👾 Trend Trading
When the oscillator rises above 0.5, it signals potential bullish momentum, while dips below 0.5 suggest bearish sentiment.
👾 Pullback Detection
When the oscillator peaks, especially in overbought or oversold zones, provide early warnings of potential reversals.
👽 Indicator Settings
👾 Oscillator Settings
Sigma Low/High: Controls the smoothness of the oscillators.
Smaller Values: React faster to price changes but introduce more noise.
Larger Values: Provide smoother signals with longer-term insights.
👾 Window Size and Refit Interval
Window Size: Defines the rolling period for cluster and volatility calculations.
Shorter windows: adapt faster to market changes.
Longer windows: produce stable, reliable classifications.
Disclaimer: This information is for entertainment purposes only and does not constitute financial advice. Please consult with a qualified financial advisor before making any investment decisions.
Swing-Based VWAPSwing-Based VWAP
Summary:
The "Swing-Based VWAP" indicator enhances traditional VWAP calculations by incorporating swing-based logic. It dynamically adapts to market conditions by identifying key swing highs and lows and calculating VWAP levels around these pivot points. This makes it a versatile tool for traders seeking actionable price insights.
Explanation:
What is Swing-Based VWAP?
The Swing-Based VWAP is a modified version of the Volume-Weighted Average Price (VWAP). It calculates VWAP not only for a chosen timeframe (e.g., session, week) but also adapts dynamically to market swings. By identifying swing highs and lows, it offers more precise levels for potential price action.
Unique Features:
1. Dynamic Swing Integration:
- Uses pivot points to determine significant price levels.
- Calculates VWAP based on these points to adapt to market trends.
2. User-Friendly Settings:
- Includes options to hide VWAP on higher timeframes for chart clarity.
- Flexible swing size input for adjusting sensitivity.
How to Use:
1. Configuring Swing Settings:
- Use the "Swing Setting" input to determine the sensitivity of swing detection.
- Higher values identify broader swings, while smaller values capture more granular movements.
2. Enabling/Disabling VWAP:
- Toggle VWAP visibility using the "Use VWAP" option.
- The "Hide VWAP on 1D or Above" setting lets you control visibility on higher timeframes.
3. Anchor Period:
- Select your preferred anchoring period (e.g., session, week) to match your trading style.
4. Adjusting the Data Source:
- Use the "Source" input to select the price source (default: HLC3).
5. Visualizing Swing-Based VWAP:
- The script plots a dynamic VWAP line based on detected swing points.
- This line highlights average price levels weighted by volume and swing pivots.
Inside Bar Multi-Currency ScannerDescription:
This script is an Inside Bar Scanner that allows you to monitor multiple currency pairs across different timeframes (15 minutes, 1 hour, and 4 hours). Its main features include:
Inside Bar Detection:
An Inside Bar is a candlestick where both the High and Low are within the range of the previous candle.
The script automatically identifies Inside Bars and displays the results in a table.
Customizable Timeframes:
Supports scanning in 15-minute, 1-hour, and 4-hour timeframes.
Results are displayed for each timeframe separately.
Multi-Currency Support:
Scan up to 10 currency pairs simultaneously.
Currency pairs are customizable and selected by the user.
Candle Coloring:
Inside Bars are highlighted with colors:
Semi-transparent green for bullish Inside Bars.
Semi-transparent red for bearish Inside Bars.
Colors are customizable and selected by the user.
Alerts:
Custom alerts for detecting Inside Bars in selected timeframes.
Receive notifications when an Inside Bar is detected in any of the selected currency pairs.
How to Use:
Select your desired currency pairs from the Scanner Currencies section.
Enable your preferred timeframes in the Scanner Timeframe section.
The script will display a table of results with Inside Bar information for each currency pair and timeframe.
Optionally, customize the candle colors in the Scanner InsideBar Color section.
Additional Explanation for Timeframe Status:
In each selected timeframe, there are three possible states for the candles:
Previous Candle is an Inside Bar:
Displayed with a green background and the symbol ✔.
Previous Candle is NOT an Inside Bar:
Displayed with a red background and the symbol ✘.
Current Candle is an Inside Bar:
Displayed with an orange background and the symbol ⌕.
These visual indicators provide a clear and quick overview of the Inside Bar status for each selected currency pair and timeframe.
% Move from 20-bar LowGives % move from 20 bar low, This would help in identification of the move the stock does.
Gives the values form the lowest low of past 20 bars on any given time frame.
WOLF_WEIGHTAGEThe WOLF_WEIGHTAGE indicator is a powerful tool designed for traders to monitor and analyze the performance of key stocks in the Indian market. This indicator provides real-time insights by displaying the Last Traded Price (LTP), percentage change, and buy/sell signals based on the Supertrend strategy.
Double RS StrengthThis indicator is showing the strength of RS for 3 and 6 month.
You can compare the stock with the benchmark as well to any sector.
You can modify the length of RS.
Whenever both line crosses above zero It become green and below zero line color will be red.
Horizontal lines by AydmaxxIndicator Description: Horizontal Lines by Aydmaxx
This indicator plots customizable horizontal lines on the chart to assist with technical analysis. It allows traders to define a starting price and a step size (gap) between the lines, making it versatile for a variety of strategies, such as identifying support, resistance, or key price levels.
How to Use:
Starting Price (Bottom): Enter the price level where the first (lowest) line should begin. This is your base level.
Example: If you're analyzing a market with prices around 2550, you can set this value to 2550 to align the indicator with your focus.
Gap (Step Size): Specify the interval or step size between consecutive lines.
Example: If you want lines every 10 points, set this value to 10.
Number of Lines: Adjust the total number of lines to display on the chart.
Line Style and Width: Customize the appearance of the lines (solid, dashed, dotted) and their thickness.
Line Colors and Transparency: Choose primary and secondary colors for alternating lines, and adjust the transparency to match your visual preferences.
This indicator is ideal for visualizing price zones and can be tailored to suit any trading style. Adjust the parameters based on your market analysis to highlight key price levels effectively.
Market Movement After OpenDescription:
This script provides a detailed visualization of market movements during key trading hours: the German market opening (08:00–09:00 UTC+1) and the US market opening (15:30–16:30 UTC+1). It is designed to help traders analyze price behavior in these critical trading periods by capturing and presenting movement patterns and trends directly on the chart and in an interactive table.
Key Features:
Market Movement Analysis:
Tracks the price movement during the German market's first hour (08:00–09:00 UTC+1) and the US market's opening session (15:30–16:30 UTC+1).
Analyzes whether the price moved up or down during these intervals.
Visual Representation:
Dynamically colored price lines indicate upward (green) or downward (red) movement during the respective periods.
Labels ("DE" for Germany and "US" for the United States) mark key moments in the chart.
Historical Data Table:
Displays the past 10 trading days' movement trends in an interactive table, including:
Date: Trading date.
German Market Movement: Up (▲), Down (▼), or Neutral (-) for 08:00–09:00 UTC+1.
US Market Movement: Up (▲), Down (▼), or Neutral (-) for 15:30–16:30 UTC+1.
The table uses color coding for easy interpretation: green for upward movements, red for downward, and gray for neutral.
Real-Time Updates:
Automatically updates during live trading sessions to reflect the most recent movements.
Highlights incomplete periods (e.g., ongoing sessions) to indicate their status.
Customizable:
Suitable for intraday analysis or broader studies of market trends.
Designed to overlay directly on any price chart.
Use Case:
This script is particularly useful for traders who focus on market openings, which are often characterized by high volatility and significant price movements. By providing a clear visual representation of historical and live data, it aids in understanding and capitalizing on market trends during these critical periods.
Notes:
The script works best when the chart is set to the appropriate timezone (UTC+1 for the German market or your local equivalent).
For precise trading decisions, consider combining this script with other technical indicators or trading strategies.
Feel free to share feedback or suggest additional features to enhance the script!
Moving Average with Std DeviationsA simple indicator to show a Moving Average with the option to show Standard Deviations of that Moving Average.
When price moves to the outer bands, this can indicate that it is becoming over extended, and may revert back to the mean, have a pull back in a trend, amongst other things.
Created for my own use, but you are welcome to use it if you find it useful.
Thanks!
4 MAsThe 4 MAs indicator is a moving average crossover tool designed to identify market trends and provide potential entry and exit signals. By plotting four simple moving averages (SMAs) of different periods, this indicator helps traders understand both short-term and long-term market dynamics. It is particularly suited for trend-following strategies and can be applied across various timeframes, such as daily, hourly, or intraday charts.
Features:
1. Moving Average Visualization:
- Short-term Moving Averages (MA 5 and MA 10): Highlight short-term market fluctuations.
- Mid-term Moving Average (MA 15): Serves as a reference for medium-term trends.
- Long-term Moving Average (MA 30): Represents the broader market trend.
2. Trend Signal Detection:
- Bullish Signal: When the 5-period moving average crosses above the 30-period moving average (golden cross), a yellow upward arrow is displayed below the price bar, indicating a potential uptrend.
- Bearish Signal: When the 5-period moving average crosses below the 30-period moving average (death cross), a red downward arrow is displayed above the price bar, signaling a potential downtrend.
Key Advantages:
- Multi-timeframe Versatility: Works well on various timeframes, making it suitable for both short-term scalping and long-term trend analysis.
- Simple Visualization: Clear signals and trend identification through color-coded moving averages and signal arrows.
- Customizable: The SMA periods can be adjusted to align with the trader's preferred strategy or market conditions.
Custom Volume Indicator by Augster67//@version=5
indicator("Custom Volume Indicator by Augster67", overlay=false)
// Input for moving average period
vol_avg_period = input.int(20, title="Volume Moving Average Period")
// Calculate volume components
buying_pressure = volume * (close > open ? (close - low) / (high - low) : (close - low) / (high - low))
selling_pressure = volume * (close < open ? (high - close) / (high - low) : (high - close) / (high - low))
// Calculate moving average of volume
vol_avg = ta.sma(volume, vol_avg_period)
// Plot total volume in gray behind buying and selling pressures
plot(volume, color=color.gray, title="Total Volume", style=plot.style_histogram, linewidth=2, transp=80)
// Plot buying and selling pressure as columns
plot(buying_pressure, color=color.green, title="Buying Pressure", style=plot.style_columns, linewidth=2)
plot(selling_pressure, color=color.red, title="Selling Pressure", style=plot.style_columns, linewidth=2)
// Plot volume moving average
plot(vol_avg, color=color.yellow, title="Volume Moving Average")
Sakthi VWAP UPDATED**Sakthi VWAP Indicator**
"Sakthi VWAP" is a custom technical analysis indicator designed for use on TradingView. It calculates the Volume-Weighted Average Price (VWAP) and identifies bullish and bearish price action relative to the VWAP.
**Key Features:**
1. **VWAP Calculation**: The indicator computes the VWAP based on the closing price, representing the average price of a security adjusted for its volume throughout the trading day.
2. **Bullish and Bearish Logic**:
- If the closing price is above the VWAP, it signals a bullish condition (highlighted by red circles).
- If the closing price is below the VWAP, it signals a bearish condition (highlighted by green circles).
3. **Max Price Calculation**: The indicator tracks the highest closing price during the session and stores it for later reference.
4. **Base Calculation**: A midpoint is calculated as the average of bullish and bearish values, which can be used for further analysis.
5. **Alert Conditions**: The script includes alert conditions for bullish and bearish signals, notifying the trader when the price crosses above or below the VWAP.
This script is ideal for traders looking to spot market trends based on VWAP while providing clear visual cues for bullish or bearish conditions. Alerts help automate the decision-making process, keeping traders informed about significant price movements.
IchimokuMultiTFThis is an extension of the indicator by HPotter. When price is above cloud, and Tenkan is above Kijun it's a pretty high probably setup when looking for a bullish entry. The cloud will act as support. The opposite is true for bullish. The thicker the cloud the healthier the trend and better support. When price is in the cloud stay out. Try not to enter trades away from support lines to keep risk low. Playing a higher tf combined while on a lower tf chart is most ideal. Such as a 4hr indicator timeframe setting in a 30 min chart or 1hr setting while trading a 5 minute chart. The lines within in the cloud will fill at the time of calculation. Green is bullish, red bearish and white is chop. Happy trading! Note this is not a stand alone indicator and should be used in conjunction with a solid trading strategy.
