Structure AnalyzerA momentum indicator that uses the highest and lowest values for price in three different lookback lengths to find the performance relative to three timeframes.
- The yellow line is the product of the price performance in three different timeframes.
- The red line is 200 EMA of the performance.
- The blue columns represent the same calculation or the volume(OBV based).
- The aqua line is the 200 EMA of the volume performance.
How to use: Whenever the performance crosses above the 200 EMA, the price is in an uptrend.
Important: When in a downtrend, the performance will stay below the 200 EMA for a long time; hence it is important o wait until the crossover.
Cari dalam skrip untuk "OBV"
MTF ComboMiddle stochastic is the HTF stochastic of price. The color coding indicates the trend in even higher timeframe.
- The graph on top is the stochastic of ATR (with HTF and current one with RSI and macd histogram).
- The green graph at the bottom is the stochastic of the OBV (with HTF and current one with RSI and macd histogram).
- Purple histogram and area underneath the mid-stochsatic are the macd histogram and the stochastic RSI.
- The dots in the middle are determined by the combined score of all
Technical checklistNo one indicator is perfect. People always have their favorite indicators and maintain a bias on weighing them purely on psychological reasons other than mathematical. This technical checklist indicator collected 20 common indicators and custom ones to address the issue of a bias weighted decision.
Here, I apply machine learning using a simple sigmoid neuron network with one hidden layer and a single node to avoid artifacts. For the ease of data collection, the indicator matrix is first shown as a heatmap. Once an uptrend signal window is selected manually, an indicator matrix can be recorded in a binary format (i.e., 1 0 0 1 1 0, etc.).
For example, the following indicator matrix was retrieved from the MRNA chart (deciscion: first 5 rows, buying; last 5 rows, no buying):
1 1 0 0 0 1 1 1 1 1 0 1 0 0 1 1 0 1 1 1
1 1 0 0 1 1 1 0 0 0 1 0 1 1 0 1 0 1 1 1
0 0 1 1 0 1 0 0 0 1 1 1 0 0 1 0 0 1 0 0
1 1 0 0 0 1 1 1 1 1 1 0 1 0 0 1 0 1 0 0
0 0 1 1 0 1 1 1 0 1 1 1 0 1 1 1 0 1 0 0
1 1 0 0 1 0 1 0 0 0 0 1 0 0 0 1 0 0 1 1
1 1 0 0 0 0 1 0 0 0 0 1 0 0 1 1 0 1 1 1
0 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 1 0 0
0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 1 1 1
0 0 0 0 1 0 1 0 0 0 1 0 1 0 0 0 0 1 1 1
This matrix is then used as an input to train the machine learning network. With a correlated buying decision matrix as an output:
1
1
1
1
1
0
0
0
0
0
After training, the corrected weight matrix can be applied back to the indicator. And the display mode can be changed from a heatmap into a histogram to reveal buying signals visually.
Usage:
python stock_ml.py mrna_input.txt output.txt
Weight matrix output:
1.37639407
1.67969656
1.0162141
1.3184323
-1.88888442
8.32928588
-5.35777295
3.08739916
3.06464844
0.82986227
-0.53092333
-1.95045383
4.14441698
2.99179435
-0.08379438
1.70379704
0.4173048
-1.51870972
-2.14284707
-2.08513252
Corresponding indicators to the weight matrix:
1. Breakout
2. Reversal
3. Crossover of ema20 and ema60
4. Crossover of ema20 and ema120
5. MACD golden cross
6. Long cycle (MACD crossover 0)
7. RSI not overbought
8. KD not overbought and crossover
9. OBV uptrend
10. Bullish gap
11. High volume
12. Breakout up fractal
13. Rebounce of down fractal
14. Convergence
15. Turbulence reversal
16. Low resistance
17. Bullish trend (blue zone)
18. Bearish trend (red zone)
19. VIX close above ema20
20. SPY close below ema20
PS. It is recommended not to use default settings but to train your weight matrix based on underlying and timeframe.
Pure Volume Divergence [NeoButane]PVD: MACD with volume as source.
Options to configure:
OBV, PVT, or MFI as source
Display PVD or a faux zero-based oscillating CVD
Divergence for Many Indicators v4Hello Traders,
Here is my new year gift for the community, Digergence for Many Indicators v4 . I tried to make it modular and readable as much as I can. Thanks to Pine Team for improving Pine Platform all the time!
How it works?
- On each candle it checks divergences between current and any of last 16 Pivot Points for the indicators.
- it search divergence on choisen indicators => RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, VWMACD, CMF and any External Indicator !
- it checks following divergences for 16 pivot points that is in last 100 bars for each Indicator.
--> Regular Positive Digergences
--> Regular Negative Digergences
--> Hidden Positive Digergences
--> Hidden Negative Digergences
- for positive divergences first it checks if closing price is higher than last closing price and indicator value is higher than perious value, then start searching divergence
- for negative divergences first it checks if closing price is lower than last closing price and indicator value is lower than perious value, then start searching divergence
Some Options:
Pivot Period: you set Pivot Period as you wish. you can see Pivot Points using "Show Pivot Points" option
Source for Pivot Points: you can use Close or High/Low as source
Divergence Type: you can choose Divergence type to be shown => "Regular", "Hidden", "Regular/Hidden"
Show Indicator Names: you have different options to show indicator names => "Full", "First Letter", "Don't Show"
Show Divergence Number: option to see number of indicators which has Divergence
Show Only Last Divergence : if you enable this option then it shows only last Positive and Negative Divergences
you can include any External Indicator to see if there is divergence
- enable "Check External Indicator"
- and then choose External indicator name in the list, "External Indicator"
- External indicator name is shown as Extrn
- related external indicator must be added before enabling this option
Coloring, line width and line style options for different type of divergences.
Following Alerts added:
- Positive Regular Divergence Detected
- Negative Regular Divergence Detected
- Positive Hidden Divergence Detected
- Negative Hidden Divergence Detected
Now lets see some examples:
Hidden Divergences:
Regular and Hidden Divergences together:
Showing first letters of indicators:
You can see only the number of indicators which has divergence:
You can see only divergence lines without indicators names and numbers:
option to used different label/line/text colors:
You have option to see only last divergences:
You can change Pivot Period, in following example Pivot Period = 15:
You can use Close or High/Low as Source for Divergence
You can include external indicators and get divergences on it:
Wish you all a happy new year!
Enjoy!
Improved On balance volume with BB channel and double MAThis is an improved version of the on balance volume indicator.
I made it inside a bollinger band channel, so we can define better the zones. At the same time I applied 2 moving averages on OBV, to get a better idea of the trend and at same time that change direction of the trend.
Green - > uptrend - > we look for buy positions
Red - > downtrend -> we look for sell positions.
At the same time we have to be aware of crosses on bollinger bands, which can indicate a change in the trend .
Rain On Me PRO 1/3This is the part 1 of Rain On Me PRO. It follow my two other indicators "Rain On Me" and "Rain On Me V2". This version is called "PRO" because it is less "user-friendly" than the two previous versions. But it is more faster, and cleaner than ever!
This indicator is separated into 3 parts. You can find all parts into my profile in the « Scripts » section. Once the 3 parts together, the indicator is complete..
Here are the features for this part (no-repaint on this one):
-ATR with alerts (Buy and Sell signals).
-VPT with alerts (Buy and Sell signals).
-PSAR with alerts (Buy and Sell signals).
-SuperTrend with alerts (Buy and Sell signals).
-Doji with alert (A yellow arrow show you when a good Doji signal appear).
-Divergences on chart (Red is bearish or green is bullish) with multiple type of divergence (MACD, OBV, RSI or CCI) with alerts.
-Market Range Bar Filter Color. (You have to configure the TimeZone of the market in UTC and then it will show you blank bar where the volatility is low).
-3 Moving Averages with cross alert for MA1 and MA2.
Everything is fully customizable in settings.
To place an alert, always choose the "Once per bar" option.
Many functions are still to come. So don't hesitate to report bugs, suggestions and follow me to always be kept informed of the next updates to come!
//ALWAYS DELETE INDICATOR AND ALERTS AND RESET THEM AFTER AN UPDATE!
Thank again everyone for your support!
Good trade everyone! And remember, money management is the most important!
Combo Backtest 123 Reversal & Finite Volume Elements (FVE) This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The FVE is a pure volume indicator. Unlike most of the other indicators
(except OBV), price change doesn?t come into the equation for the FVE (price
is not multiplied by volume), but is only used to determine whether money is
flowing in or out of the stock. This is contrary to the current trend in the
design of modern money flow indicators. The author decided against a price-volume
indicator for the following reasons:
- A pure volume indicator has more power to contradict.
- The number of buyers or sellers (which is assessed by volume) will be the same,
regardless of the price fluctuation.
- Price-volume indicators tend to spike excessively at breakouts or breakdowns.
WARNING:
- For purpose educate only
- This script to change bars colors.
Relative Strength of Volume Indicators by DGTThe Relative Strength Index (RSI) , developed by J. Welles Wilder, is a momentum oscillator that measures the speed and change of price movements.
• Traditionally the RSI is considered overbought when above 70 and may be primed for a trend reversal or corrective pullback in price, and oversold or undervalued condition when below 30. During strong trends, the RSI may remain in overbought or oversold for extended periods.
• Signals can be generated by looking for divergences and failure swings. If underlying prices make a new high or low that isn't confirmed by the RSI, this divergence can signal a price reversal. If the RSI makes a lower high and then follows with a downside move below a previous low, a Top Swing Failure has occurred. If the RSI makes a higher low and then follows with an upside move above a previous high, a Bottom Swing Failure has occurred
• RSI can also be used to identify the general trend. In an uptrend or bull market, the RSI tends to remain in the 40 to 90 range with the 40-50 zone acting as support. During a downtrend or bear market the RSI tends to stay between the 10 to 60 range with the 50-60 zone acting as resistance
This study aim to implement Relative Strength concept on most common Volume indicators, such as
• Accumulation Distribution is a volume based indicator designed to measure underlying supply and demand
• Elder's Force Index (EFI) measures the power behind a price movement using price and volume
• Money Flow Index (MFI) measures buying and selling pressure through analyzing both price and volume (used as it is)
• On Balance Volume (OBV) , created by Joe Granville, is a momentum indicator that measures positive and negative volume flow
• Price Volume Trend (PVT) is a momentum based indicator used to measure money flow
Plotting will be performed for regular RSI and RSI of Volume indicator (RSI(VOLX)) selected from the dialog box, where the possibility to apply smoothing is provided as option. Additionally, labels can be added optionally to display the value and name of selected volume indicator
Secondly, ability to present Volume Histogram within the same study along with its Moving Average or Volume Oscillator based on selection
Finally, Volume Based Colored Bars , a study of Kıvanç Özbilgiç is added to emphasis volume changes on top of the bars
Nothing excessively new, the study combines RSI with;
- RSI concept applied to some of the common Volume indicators presented with a highlighted over/under valued threshold area, optional labeling and smoothing,
- added Volume data with additional information and
- colored bars based on volume
Thanks @Vishant_Meshram for the inspiration 🙏
Disclaimer:
Trading success is all about following your trading strategy and the indicators should fit within your trading strategy, and not to be traded upon solely
The script is for informational and educational purposes only. Use of the script does not constitute professional and/or financial advice. You alone have the sole responsibility of evaluating the script output and risks associated with the use of the script. In exchange for using the script, you agree not to hold dgtrd TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
Combo Strategy 123 Reversal & Finite Volume Elements (FVE) This is combo strategies for get a cumulative signal.
First strategy
This System was created from the Book "How I Tripled My Money In The
Futures Market" by Ulf Jensen, Page 183. This is reverse type of strategies.
The strategy buys at market, if close price is higher than the previous close
during 2 days and the meaning of 9-days Stochastic Slow Oscillator is lower than 50.
The strategy sells at market, if close price is lower than the previous close price
during 2 days and the meaning of 9-days Stochastic Fast Oscillator is higher than 50.
Second strategy
The FVE is a pure volume indicator. Unlike most of the other indicators
(except OBV), price change doesn`t come into the equation for the FVE (price
is not multiplied by volume), but is only used to determine whether money is
flowing in or out of the stock. This is contrary to the current trend in the
design of modern money flow indicators. The author decided against a price-volume
indicator for the following reasons:
- A pure volume indicator has more power to contradict.
- The number of buyers or sellers (which is assessed by volume) will be the same,
regardless of the price fluctuation.
- Price-volume indicators tend to spike excessively at breakouts or breakdowns.
WARNING:
- For purpose educate only
- This script to change bars colors.
Rain On Me V2As promised, here is Rain On Me Indicator V2! As the name suggests, this indicator will rain money down on you. More seriously, Rain On Me V2 is a complete overhaul of the V1.
For those who are new to this indicator or for those who already knew it, here is a complete description of this indicator.
This indicator contains:
-Fully configurable multi-timeframe buy or sell signals based on ATR with the possibility to set the period, deviation, period of the ATR and choose the source or type of signals: RMA, SMA , EMA, WMA, VWMA, SMMA, KMA, TMA, HullMA, DEMA, TEMA, CTI.
-Colouring of candles on ATR. (green and red).
-Buy or sell signals with VPT (based on st_dev) with the possibility of adjusting the period and the multiplier. (Only works in markets with available volume information flows).
-Trend Parabolic SAR (Up / Down) fully configurable.
-Divergences with the possibility of choosing among the following signals: MACD, OBV, RSI, CCI.
-3 Moving averages with the possibility of choosing their values and their type for each one: SMA, EMA, RMA, WMA, VWMA. (default: WMA 1 = 7, WMA 2 = 21 and SMA 3 = 50).
-Fibonacci on 10 levels with level 0 in the middle. This Fibonacci helps a lot as it can make it easy for you to find an entry / exit point, a trend and even where to place your Take Profit and Stop Loss.
-Fully customizable Bollinger Band.
-Fully customizable Ichimoku cloud.
-Multi-timeframe Trendline that tells you the true trend of the current market based on volume. (Only works in markets with available volume information flows). It can change from green (for an uptrend) or red (downtrend) color.
To place an alert, always choose the "Once per bar" option.
You can place alerts on the following options:
-GO Buy / GO Sell (ATR).
-VPT Buy / Sell.
-PSAR (Up / Down).
-Divergences (Bullish / Bearish).
-Crossing of moving averages 1 and 2.
-Fibonacci key levels (0.382, 0.5 and 0.618) for Crossunder and Crossover in an uptrend or downtrend.
You can choose to show or hide from the chart all the options mentioned above.
Never follow buy or sell signals stupidly. Always watch that all the indicators are going in the same direction, that you are not in a range zone, that there is no resistance etc ...
Always wait for confirmation after a buy or sell alert before entering a position to make sure the label stays on the chart and doesn't disappear.
Please feel free to give your ideas, suggestions or bug reports in the comments area to help me improve it.
A BIG THANKS TO QUANTNOMAD FOR GIVING ME ITS AUTHORIZATION TO USE, MODIFY AND REPUBLIC ITS "Ultimate Pivot Points Alerts" script indicator:
Good trade everyone! And remember, money management is the most important!
Divergence RSI [mado]Divergence screener for OBV RSI
Regular Bullish: "D" navy label
Hidden Bullish: "H" navy label
Regular Bearish: "D" red label
Hidden Bearish: "H" red label
On Balance Volume Disparity IndicatorThe On Balance Volume Disparity Indicator was created by Phillip C. Holt (Stocks & Commodities V. 14:6 (265-269)). This converts the classic OBV indicator into Bollinger Bands and calculates the percentage of where the value lies within the Bollinger Bands. Buy when the obvdi rises above its signal line and sell when it falls below the signal line.
This was a special request so let me know what other indicators you would like me to write scripts for!
Divergence Histogram for Many IndicatorHello Traders,
This script analyses divergences for 11 predefined indicators and then draws column on the graph. Red columns for negatif divergence (means prices may go down or trend reversal), Lime columns for positive divergences (means prices may go up or trend reversal)
The script uses Pivot Points and on each bar it checks divergence between last Pivot Point and current High/Low and if it finds any divergence then immediately draws column. There is no Latency/Lag.
There are predefined 11 indicators in the script, which are RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD, CMF and MFI.
Smaller Pivot Point Period check smaller areas and if you use smaller numbers it would be more sensitive and may give alerts very often. So you should set it accordingly.
There is "Check Cut-Through in indicators" option, I recomment you to enable it. it checks that there is cut-through in indicators or not, if no cut-through then it's shown as valid divergence.
You should see following one as well if you haven't yet:
Enjoy!
On Balance Volume ModifiedHere is a smoothed version of the classic OBV indicator with a signal line. You can use it to look for signal line crossovers and divergences. The signal line is a 10-day EMA of the OBVM line. Typically, the signal line can vary from 10 to 50.
This was just published by Vitali Apirine in the latest issue of Stocks & Commodities (April 2020) p22-25
Please let me know if you want me to publish any other indicators or if you have any questions!
Seperate OBV by altcoinrookieVolume based indicator.
Calculates 14 period average green and red volume bars. Makes comparison betweeen them.
Indicators all in oneHello Everyone . Sometimes we need some indicators and each one needs seperated window. with this tool we can see indicators by choosing it from pull down menu, in the same window.
Currently you can choose RSI, MACD, Commodity Channel Index (CCI), Momentum, Stochastic, Stochastic RSI, Directional Movement Index (DMI), Chaikin Money Flow (CMF), On-Balance Volume (OBV), Average True Range (ATR), Volume Weigthed MACD (VWMACD).
some screen shots:
DMI:
MACD:
Stochastic RSI
Let me know if you need any other indicator in this tool.
Enjoy!
Divergence for many indicator v3Hello Everyone. Almost one year later, with Pine version 4, I developed new version of the Divergence for many Indicator.
It analyses divergences for 10 predefined indicators and then draws line on the graph. Red for negatif divergence (means prices may go down or trend reversal), Lime for positive divergences (means prices may go up or trend reversal)
Divergences version 2 has latency because it waits higher time frame completion. in this new version the script uses Pivot Points and on every bar it checks divergence between last Pivot point and current bar and if it finds any then immediately draws line and removes old one. so there is no latency with this version.
There are predefined 10 indicators in the script, you have option to choose which indicators the script would analyse for divergence. (RSI , MACD , MACD Histogram, Stochastic , CCI , Momentum, OBV, Diosc, VWMACD and CMF)
In replay mode you can see how the script puts new divergence line and removes old one. you better see it for yourself by using replay mode.
Hope you Enjoy!
Market Adaptive Stop-LossI realized that the zone changes in the stoploss remained slow, so I couldn't make enough use of the characteristics of technical indicators when opening positions.
This pushed me to keep stop-loss under the influence of a dependent variable.
This script helped me a lot (everget) :
I've redesigned the stop-loss to be affected by intersections.
Therefore, this script is also suitable for adaptive moving averages, fractional periods.
Script features:
1.You can select calculation methods created by using various technical analysis methods from the scripts' settings:
-Moving Average Convergence Divergence ( Macd )
-Stochastic Oscillator ( Stoch )
-Stochastic Relative Strength Index (StochRSI)
-Stochastic Money Flow Index (StochMFI ) (More info : )
-Know Sure Thing ( KST )
-OBV ( On Balance Volume )
-SMA ( Simple Moving Average )
-EMA ( Exponential Moving Average )
-FISHERTRANSFORM ( Fisher Transform )
-AWESOMEOSCILLATOR( Awesome Oscillator )
-PSAR ( Parabolic Stop and Reverse - Parabolic SAR )
-HULLMA( Hull Moving Average )
-VWMA ( Volume Weighted Moving Average )
-RMA (Moving Average using in Relative Strength Index calculations.)
-COG (Center of Gravity )
-ACC-DIST ( Accumulation / Distribution Index )
2 - The region is determined according to the above calculation methods and if it is larger or smaller than the previous stop loss level.
And if the price in the negative zone is lower than the stoploss, it is the exact signal and is shown with more highlighted colors.
And, in the positive zone, where the price is greater than the stoploss, the trade zones are certain.
Shown with more highlighted colors.
If the zones are correct but stop-loss is not suitable for opening positions:
In other words, if the stop-loss is above/under the highest-lowest levels in the positive zone or if the stop loss is located in the lower zone in the negative zone, these zones are shown to be darker and dimmed so that they do not cause false movements.
*** SUMMARY : As a result, you can use this script with support and resistances,and trend lines to get good results.
I hope it helps in your analyzes. Best regards.
Super Volume IndicatorSo this is combination of my volume indicator that i put in the past
included volume trend, obv , vpt , net volume ,vwap etc
cross up -10 is in blue cross
cross down -10 is in red cross
cross up 0 is in green circle
crossdown zero is in orange circle
piz =length of indictor, you can increase it to try to find better fit to graph
MACD VPT lag issue Most indicator use close as their primary source which is good but side effect of it is the lag in 1-2 candles
I created in the past the VPT indicator which is a volume indicator similar to OBV and I tranform it to be ised as a source insted of close . the reason for it since it a volume based indicator it faster and can help in the lag issue
So this script is just example how i change the source from close and put inside the VPT which make the MACD more responsive and faster
one problem of this indicator is that sometime it overshhot so with you can smooth it with len to desire result
So if you have lag indicator in one or two candels you can use this trick to try to solve it
OBVEMAits simple indicator that OBV is converted to obvema and cross with real ema
can help to see trends better
