SB On Balance Profit/Loss IndicatorI was always interested in volume indicators as well as market sentiment.
While brainstorming, I came to the thought that people with gains vs people with losses can move a stock up or down.
I don't want to debate the rational behind people buying and selling based on profits or losses, so this isnt a signaling indicator.
However, I still wanted to have a way to measure and visualize this information.
On Balance Volume was not enough for me. I wanted to know how much actual money was made or lost, over time.
This indicator was created based on two different time periods, the daily and the 30m.
The daily time period is used to measure money made from close of the day before to the open of the current day (gap up/down).
The 30 minute precision period is used to measure the money made from the close of the current bar from the close of the bar prior and calculated 13 times per trading session.
There is an option for 15 minute and 5 minute precision, but it may take longer for the script to process and may time out at lower precision periods.
The default lookback period is 10 days, values are cumulative. We can clearly see over the last 10 days how much money was made, lost and on balance. This should affect trader sentiment.
Visual display is the cumulative money made (green line), cumulative money lost (red line), and cumulative net on balance money (black line). The net on balance money is filled green above zero and filled red below zero.
The Green Histogram is the money made overnight, the Red histogram is the money lost overnight.
The black histogram above zero is the money made intraday and the black histogram is the money lost intraday.
Takeways
Just because a stock is trending down, as noted by the downward slop in price on the daily chart , it does not mean that the average trader is losing money. Intraday price action can offset money lost at higher time periods.
Especially in cases where a stock gaps down overnight, buyers step in at the low and the stock closes above open, but below previous days close. Esspecially when this is done on high volume .
The net profit can be greater than net loss, even if the day closes down from previous close. This can really help with "sentiment" and being able to visualize this sentiment may be helpful in making a decision to buy or sell.
View my collection of custom scripts at: www.tradingview.com
Money Flow Index (MFI)
ModestPips Triple StochasticThis script was created to provide confluence when entering trades. Trades are entered as scalp trades with trailing stops, that sometimes turn into swing trades.
This script is composed of three elements:
EMA Cross Indicator
Money Flow Indicator Oversold/Overbought
Triple Stochastic - The Core Component of this script
EMA Cross:
The EMA Cross provides a rough idea of trend direction. The 50 horizontal line will flash green/red depending on the current EMA crossover status.
The EMA values can be changed depending on your preference.
This indicator is not used for entries. It only provides confluence for entries.
Money Flow Indicator:
The money flow indicator will flash green/red in the background when it is oversold/overbought. It could be referred as an early signal before a potential big move.
Not used for entries, just as a warning to get ready for a potential big move.
Triple Stochastic:
This is the core and magic of the script. This indicator uses the 3 stochastic to provide signals for trade entries.
The 3 stochastics use different calculations to provide the differing length of the oscillators.
The slow stochastic will flash red when in overbought/oversold areas.
Using these 3 stochastics can provide 3 types of entries.
Trade Entries:
Extreme Opposite Entry - Entry when slow stoch is red and the super-fast stoch is on the opposite extreme.
Rebound Entry - Entry upon reversal signal where super-fast and fast stochs trigger a move in the opposite direction and then retrace to retest the slow stoch.
Continuation Entry - Entry during a trending market when super-fast and fast stochs retrace to retest the slow stoch.
This indicator can be used with any timeframes, although 30m is where I find the cleanest signals.
Some examples are provided on the chart, I will provide detailed explanations for ideal signals below.
Cracked MFIThis is my leading MFI that I use because it tends to lead and not lag.
The Bar length is where you can adjust the average based on the amount of bars.
The MFI Multiplier is used for calculating the money flow by multiplying by the volume.
The Y Position is where the sprite is on the Y axis (vertical) of the stage. The value gets higher or lower depending on how far up on the Stage the sprite is.
Hope this helps!
ArtY Money Flow IndexThis is modification of built-in Money Flow Index with painting of oversold and overbought areas.
GOD's EYEWith the GOD's Eye, you can understand the money flow in the system/security
Know how biggies are following, and save from all your losses.
Works best in positional setup - Daily, Weekly and Monthly charts.
GOD's EYEGet to know when to accumulate when biggies are buying and when to stay away from the stock
Money Flow Index (MFI)User request. A tuned version of the built-in True Strength Index (TSI) indicator with the following options included:
MFI - Signal Histogram
MFI/Signal Crossovers
MFI/Signal Ribbon
Bands breakouts highlighting
Middle line crossovers background
MRD StrategyI heard that MFI and RSI were most reliable when they are close together, so i made a script that takes the rough difference between the two, with some regression etcetera. What you see currently is 50.69% profitable trades, with a profit ratio of 1.3. Hope you like it.
MFI Pro By CryptoScriptsWelcome to the MFI Pro! This indicator uses the Money Flow Index and overlays two EMAs along with different 'under' levels for the buy triggers. It uses the 14 EMA2 length for the white line and the 5 EMA3 length for the waves. The red shaded 'sell' signal is triggered whenever the MFI climbs above the 80 level and the green shaded 'buy' signal is triggered whenever the MFI dips below the 30 level. A couple ways to use this indicator is wait until the MFI crosses above the 14 EMA for buy signals or below it for sell signals. You can also wait for the waves to cross above or below the 50 line (if it crosses above the 50, buy, if below then sell). Another way to use it is wait until the EMA3 wave crosses above the EMA2 white line for buy signal or if it crosses below the white line for a sell signal. You can also adjust the settings of the overbought and oversold levels which will change your buy/sell signals or change the length of the waves to your liking.
As you can see, there are various ways to use this indicator so please test it out and find what works best for you :) Let me know if you have any questions and thanks for following!
RSI PlusRSI Plus:
☑️ Show the divergences.
☑️ Shows the approximate price of an RSI level (by default it is level 55 but it can be changed for any other level).
☑️ Shows the bulls and bears zones, in green when crossing level 50 up and red when crossing down.
☑️ Circle the highest and lowest levels as possible purchases and sales.
☑️ Includes a smoothed RSI.
RSI Plus:
☑️ Muestra las divergencias.
☑️ Muestra el precio aproximado de un nivel del RSI (por defecto viene el nivel 55 pero se lo puede cambiar por cualquier otro nivel).
☑️ Muestra la zonas de toros y osos, en verde cuando cruza hacia arriba el nivel 50 y rojo cuando cruza hacia abajo.
☑️ Marca con un circulo los niveles mas alto y mas bajos como posibles compras y ventas.
☑️ Incluye un RSI suavizado.
Diego Riobo Cabot's Force Indicator Diego Riobo Cabot
© riobocabotd
Analysing the Market as Physical Forces
Credits First:
Tradingview Pine Comunity, it's just amazing, honestly.
Godmode Indicator's creators. I was inspired by them to create an indicator that takes a lot of variables into account. I also took the idea of the Momentum and LSMA from there
Function te get volume from lower tf was taken from a post in stack overflow. So, credits to you, anonymous hero.
Let's get to it:
so... What is this thing, exactly?
I wanted to measure the market's upward and downard force, in order to calculate the resulting force. Just as a curiosity.
At the end, I got a pretty decent indicator in my hands and I'd like to share it with you guys.
The main goal was to apply basic rules of physics: Velocity, Acceleration, Mass and Force (We could go further if we wanted, such as Impulse, Quantity of Movement, Impact and so on)
Everything appart from mass is a vector, meaning it has a direcction and a magnitude. Each of them were decompossed in upwards and downwards direction
Nevertheless I pictured this Analysis as a "fight" between two teams the Bulls and the Bears (Buyers and Sellers). So I measured two masses: Bulls (+) and Bears(-)
Glossary (internal Clockwork)
° Velocity: Is the ratio between a travelled distance and the time that took to travel it.
+ Upwards Velocity (v_up): Meausures if current source is higher than the previous and stores this value. Has positive values
+ Downwards Velocity (v_dn): Meausures if current source is lower than the previous and stores this value. Has negative values
+ Both vectors are averaged using the rma function (same average type used in the RSI)
+ The length of this average is called length_v: "Lookback - Velocity"
+ Resultant Velocity (v_av): The sum of the averaged v_up and v_dn, since they have equally opposite directions, there's no need for a vectorial sum.
+ Velocity Index (v_in): It's an index between +100% and -100%. Meausures where v_av stands in relation to high (v_up) and low (v_dn). Not used for calculations, but I'll leave it there for further research
° Acceleration: Meausures the rate of change of velocity during time. Since we already have the velocity calculated, it's pretty straight forward
+ Upwards Vel increase (v_up_up): Stores positive variations of upwards' velocity.
+ Upwards Vel decrease (v_up_dn): Stores negative variations of upwards' velocity.
+ Downwards Vel increase (v_dn_up): Stores positive variations of downwards' velocity.
+ Downwards Vel decrease (v_dn_dn): Stores negative variations of downwards' velocity.
+ Upwards Accel. (a_up): v_up_up + v_dn_up
+ Downwards Accel. (a_dn): v_up_dn + v_dn_dn
+ Resultant Accel. (a_av): a_up + a:dn Not used, is there for further research
° Mass: Measures the volume of operations. How much asset is bougth (Bull) or sold (bears).
+ Mass is measured from a lower timeframe. It checks if the candles are Bullish or Bearish (Could be done with closing prices, or typical price)
+ The Lower Timeframe is determined in minutes throught the input variable "Lower Timeframe"
+ Bull mass (vol_up): Total bullish volume in the lower timeframe, for the current candle period
+ Bear mass (vol_dn): Total bearish volume in the lower timeframe, for the current candle period
+ Neutral mass (vol_nt): Total neutral volume in the lower timeframe. (Buy price = Open price) Not used for calculations. Could be used for resistance points?
+ Resultant mass (vol_av): |vol_up - vol_dn|
+ Total mass (vol_tt): Sum of all masses (Just the total volume)
° Force: It's nothing else than mass * acceleration
+ Upwards Force (f_up): vol_up * a_up Bulls mass * Positive Acceleration
+ Downwards Force (f_dn): vol_dn * a_dn Bears mass * Negative Acceleration.
+ Resultant Force (f_av): f_up + f_dn Not used, is there for further research
° Force Index
+ Upwards Channel (fi_up)
+ Downwards Channel (fi_dn)
+ Both vectors are averaged using the rma function (same average type used in the RSI)
+ The length of this average is called length_v: "Lookback - Force"
+ Raw Index (fi_rw): It's an index between +100% and -100%. Meausures where f_av stands in relation to high (f_up) and low (f_dn).
+ Index (fi_in): It's the averaged raw index using the rma function and the "Force Index Smoothing" period
+ Signal (fi_sg): It's the averaged fi_in using the rma function and the "Force Signal Smoothing" period
+ Momentum (fi_mo): fi_in - f_sg. If the momentum is higher than the current force direction, current force should be outwon by previos market trend. It's Smoothed out using the "Force Momentum Lookback"
+ Trend (fi_tr): It's a linear regression of fi_in using a very long period (Force Trend Lookback)
Okay... sure, but how do I use it?
° It is very similar to how the GodMode 3.2 indicator works actually, so if you're familiar with it, you can start trying this indicator out. I've noticed it can provide a bit more timely signals
° It's also similar to Stochastics or RSI indices... but with three lines. an instantaneous one (Force - Blue), an averaged one (Signal - Orange) and a slow one (Trend - Green)
° Bullish/Bearish momentum: Trendline (green) above 0% means Bullish. Above 12% means a trend wants to form and if it reaches 40% means the strend is super strong (Bitcoin like, strong). The opposite goes for bearish trends (values under 0)
° Line crossings: Instant Force Line (Blue) crosses over the Signal Line (Orange), while the orange is going slightly down or flat under the -12%: Means a long signal. The opposite applies for the Short signals
° Line crossings: Same as above, but when the Signal crosses over the Trend Line (Green)
° Reversals: The background columns are supposed to immitate the "Inertia" of movement. If inertia's bars are higher (when positive) or lower (when negative) than the Force Line (Blue), then it means that the current force the market is making, is probably weaker (at that time) than the inertia the market carries with it.
Tips:
° If you wen't long, the orange line is going slightly down, but it's over +12%, it means the bullish trend is still going, although not as strong as before. You could keep your long position. The reverse applies for short.
Griffin Money Flow IndexThis is a modification of the commonly used money flow index. The major change is to the way the average price is calculated. Typically this is done with a hlc3 method,
meaning the average of the period high, low, and closing prices. This calculation infers that volume is evenly distributed between those three points. Generally this is not the case.
My version calculates the average price by including the open price and making the assumption that the majority of the volume occurs within the body of the candle, between
the open and close. I calculate a weighted average that places more significance on the close and open, then an equal weighting on the high and low.
In general this will result in a trend that does not differ greatly from the regular MFI calculation however there may be subtle changes.
Smart Money Index (SMI)It came to my attention that one very common implementation of SMI was incorrect; rather than subtracting the first hour delta and adding the last hour delta it subtracts the whole day delta and adds the last 30m delta. While this indicator might have had some use, it is not what I understand to be the actual Smart Money Index and so I post this as a correction for use in other scripts.
MFI & EMA & Bollinger BandsIn this script
I combined the various of the oscillator
MFI ( Money Flow Index ) with BB ( Bollinger Bands ).
As the MFI crosses the BB base, a green / red point is formed accordingly.
As a sign it is possible to continue up / down.
I added EMA8 to MFI (style circles)
When the oscillator is above the EMA - it is possible that this is a clear sign of an increase.
Band 50 was also added to facilitate the calculations.
DAX Money FlowMoney Flow (MFL of MFI) indicator for the DAX index, which works on the hourly timeframe.
In order for this indicator to work for you, you must have access to the Xetra (XETR:DAX) tickers, where the underlying stocks of DAX are trading.
For some reason Xetra does NOT provide hourly volume so you can't see the money flow using the built-in TradingView indicator. But now, with this indicator, you can! :)
Growth Producer
Applicable to FTX:ETHPERP 15 min
Relative volatility index (RVI) that will determine the entry and exit points only when the volatility will start to increase and Money Flow index as an additional point for entry.
IMPORTANT
• Input Partial take profits in your Bot settings
• This is a trend strategy and works better in the trending market
• We added the trend identifier using the EMA and SMA interaction
• We added Take profit and stop loss levels
• We added inputs for the period selection, so you could see how the strategy is performing on a monthly basis.
• RVI for the entry conditions
• MFI was added for the additional entries.
• Partial Take-profits
MF RSIUsing built-in code from Divergence Indicator I've created the MF RSI indicator.
A great way to combine two great indicators and divergence.
A alert condition is available on a potential reversal MFI crosses RSI on overbought or oversold.
HISTOR
In this chart I used the 3H 2H and 1H
HISTOR, short histogram RSI is based on 3 time frames of RSI and MF averages and SMAs.
The script also plots a normilized volume.
The script has 3 alert conditions. Overbought, oversold and "potential trade" when overbought or oversold.
Bollinger Bands Money Flow Index %This script is similar to the previous one "Bollinger Bands Money Flow Index" but it's a little easier to interpret.
Fix the top line of the "BBMFI" to 1, and the bottom line to 0.
Indicates where "Money Flow Index" is located between the top and bottom lines.
If it's bigger than 1, it's overbuying. If it's less than 0, it's overselling.
Consider a trade if you are out of range from 0 to 1.
It's also a good trade timing to out of range and come back in.
Money Flow Multi TF Indicator on Heikin Ashi (1m)Indicator provides multi timeframe Money Flow analysis. For example, it will show you when Money Flow is oversold or overbought on 1m and 5m and 15m at the same time. This indicator is working only on 1m timeframe and uses Heikin Ashi candles. It can be used on various instruments (crypto, forex, commodities). This indicator is primarily develop for using with alerts to get notified when interesting opportunity appears.
Bollinger Bands Money Flow IndexThis script embodies the application of the Bollinger Band and Money Flow Index in John A. Bollinger's book "Bollinger on Bollinger Bands."
"Bollinger on Bollinger Bands" suggests a relatively method of analysis by applying the Bollinger Band to an indicator.
Here's one of the indicators, Money Flow Index.
Money Flow Index is an indicator of overbuying and overselling by reflecting the volume of transactions.
"Bollinger on Bollinger Bands" suggests using the Bollinger Band to create relative top and bottom lines for various indicators, such as Money Flow Index.
Original Money Flow Index is considered to be over-purchased if it is more than 80% and over-selling if it is less than 20%.
But if you put a bolinger band on it, you can set the standard for higher or lower over-selling and over-selling in a sustained bullish, bearish market.
This script uses the following values as the default values as recommended by "Bollinger on Bollinger Bands".
Money Flow Index for 10 days.
a bollinger band of forty days
standard deviation of 2
The above values are suitable for most stocks and markets, but sometimes there is too much or too little data inside the Bollinger Band.
It is recommended to modify each value little by little to adjust 85% to 90% of the total data to fit inside the Bollinger Band.
If the value is higher than the top line, it is considered over-purchased, and a red background color appears.
If the bottom line is crossed down, it is considered over-sold and the green background color appears.
MFI RSI Confluence [Mr_Orange]This script uses both MFI and RSI to create a buy or sell signal. At the moment it is used for scalping on the 15m timeframe.
Oversold and Overbought conditions are adjustable.
For a sell signal, at the moment the RSI and MFI need to be overbought and the RSI needs to drop.
For a buy signal, at the moment the RSI and MFI need to be oversold
future update will contain extra confirmation by making the rise and drop of the RSI and MFI taken into the calculation.
MCDX PlusINTRODUCTION
Upgraded version of MCDX (Add Moving Average) PROTECTED VERSION
This indicator is similar to original MCDX to detect Buyer and Seller momentum based on Price and Volume to detect Buyer and Seller momentum
This indicator helps to detect “Strong Buyer Activities a.k.a Bankers” based on volume and price movement.
HOW TO USE THE INDICATOR?
There are 2 parts . BARs & Moving Average Lines
BARs
RED BAR = POSSIBILITY of BANKER VOLUME
YELLOW BAR = POSSIBILITY of HOT MONEY VOLUME
GREEN BAR = POSSIBILITY of RETAILER VOLUME
Red Bar Increase means Buyer's momentum increases.
Green Increase means Seller's momentum increases.
We focus on RED Bar to buy. i.e PREFERABLY we buy when RED bar increase.
Example:-
If Banker’s Bar (Red Bar) crosses above 5 (25%) = Banker begins to build position
If Banker’s Bar > 10 (50%) = Banker already built positions. Price will start accelerate
If Banker’s Bar > 15 (75%) = Banker in control. Price will rocket
If Green colour is Retailer (Avoid)..
MCDX Plus comes with Moving Average
DEAD CROSS (shares down)
Banker’s MA cross below Retail’s MA
Banker’s MA cross below Hot Money’s MA
Hot Money’s MA cross below Retail’s MA
GOLDEN CROSS (shares up)
Banker’s MA cross above Retail’s MA
Banker’s MA cross above Hot Money’s MA
Hot Money’s MA cross above Retail’s MA
Contact me to find out more about Turtle Trading System and indicators