MacroTrend VisionThe "MacroTrend Vision" indicator is crafted with a singular goal – to provide traders with a quick and insightful snapshot of a country's global index. Seamlessly combining macroeconomic and technical perspectives, this tool is designed for those seeking a straightforward yet comprehensive overview. Let's explore the key features that make the "MacroTrend Vision" a valuable asset for traders looking to grasp both the big-picture economic context and technical nuances.
1. Long-Term Vision with Weekly Periods:
Gain a genuine long-term perspective with the ability to process 2500 weekly periods. This feature ensures a holistic understanding of global indices from both macroeconomic and technical viewpoints.
2. Composite Leading Indicator (CLI) Conditions:
Integrate both macroeconomic trends and technical signals through Composite Leading Indicator (CLI) conditions derived from the Relative Strength Index (RSI), offering a comprehensive outlook for informed decision-making.
3. Deviation Bands for Volatility Analysis:
Refine market analysis with strategically integrated deviation bands (0.2 and 0.4) based on smoothed linear regression. Anticipate volatility and potential trend shifts, aligning macro and technical insights.
4. Logarithmic Scale Transformation:
Enhance precision in understanding price movements with a logarithmic scale transformation, especially beneficial for assets with exponential growth patterns.
5. Separated Window for Easy Navigation:
Streamline your analysis with a user-friendly design – a separated window allowing easy navigation through different symbols without altering indicator settings.
6. Alert System for CLI Conditions:
Stay informed about critical shifts with an alert system for both long and close conditions based on the RSI of the CLI. Even during periods of limited chart monitoring, this feature keeps you connected to macroeconomic and technical changes.
In essence, the "MacroTrend Vision" is your go-to tool for a balanced view, simplifying the complexities of global indices with a blend of macroeconomic insights and technical clarity.
Cari dalam skrip untuk "weekly"
TASC 2023.12 Growth and Value Switching System█ OVERVIEW
This script implements a rotation system for trading value and growth ETFs, as developed by Markos Katsanos and detailed in the article titled 'Growth Or Value?' in TASC's December 2023 edition of Traders' Tips . The purpose of this script is to demonstrate how short-term momentum can be employed to track market trends and provide clarity on when to switch between value and growth.
█ CONCEPTS
The central concept of the presented rotation strategy is based on the observation that the stock market undergoes cycles favoring either growth or value stocks. Consequently, the script introduces a momentum trading system that is designed to switch between value and growth equities based on prevailing market conditions. Specifically tailored for long-term index investors, the system focuses on trading Vanguard's value and growth ETFs ( VTV and VUG ) on a weekly timeframe.
To identify the ETF likely to outperform, the script uses a custom relative strength indicator applied to both VTV and VUG in comparison with an index ( SPY ). To minimize risk and drawdowns during bear markets, when both value and growth experience downtrends, the script employs the author's custom volume flow indicator (VFI) and blocks trades when its reading indicates money outflow . Positions are closed if the relative strength of the current open trade ETF falls below that of the other ETF for two consecutive weeks and is also below its moving average. Additionally, the script implements a stop-loss when the ETF is trading below its 40-week moving average, but only during bear markets.
The script plots the relative strengths of the value and growth equities along with the signals triggered by the aforementioned rules. Information about the current readings of the relative strength and volume flow indicators, along with the current open position, is displayed in a table.
█ CALCULATIONS
The script uses the request.security() function to gather price data for both equities and the reference index. Custom relative strength and volume flow indicators are calculated based on the formulas presented in the original article. By default, the script employs the same parameters for these indicators as proposed in the original article for VTV and VUG on a weekly timeframe.
Bitcoin Halving Cycle ProfitThe Bitcoin Halving Cycle Profit indicator, developed by Kevin Svenson , unveils a consistent and predetermined profit-taking cycle triggered by each Bitcoin halving event. This indicator streamlines the analysis of halving occurrences, providing explicit signals for both profit-taking and Dollar-Cost Averaging strategies.
Following each Bitcoin halving event, a fixed number of weeks consistently mark the period of maximum profitability for profit-taking:
🔄 Halving Cycle Profit Timeline Explained:
• 40 Weeks (Post-Halving) = Start of the optimal profit-taking zone.
• 80 Weeks (Post-Halving) = "Last Call" for profit-taking before the onset of a bear market.
• 125 Weeks (Post-Halving) = The optimal timeframe to begin Dollar-Cost Averaging.
(Bitcoin Weekly Chart using Halving Cycle Profit)
One standout feature of this indicator is its inherent clarity and comprehensive labeling. This quality makes it exceptionally easy to discern the locations of key factors and turning points, enhancing your understanding of the market dynamics it highlights.
(Bitcoin Daily Chart using Halving Cycle Profit)
🚀 This indicator doesn't limit its effectiveness to just Bitcoin; it seamlessly integrates with top blue-chip altcoins like Ethereum and most household names in the crypto industry.
( Ethereum Weekly Chart using Halving Cycle Profit)
🛠️ Customizable display options are availible. Users have the flexibility to toggle/adjust labels, lines, and color fills according to their preferences.
📑 In summary, the Bitcoin Halving Cycle Profit indicator is a versatile and user-friendly tool, offering clarity and customization for traders navigating both Bitcoin and top altcoins.
⚠️ It's important to note that while the Bitcoin Halving Cycle Profit indicator provides historical insights, past performance does not guarantee future results. Timing profitability in the cryptocurrency market involves inherent risks, and this indicator should not be construed as financial advice. Users are encouraged to exercise caution, conduct thorough research, and make informed decisions based on their individual risk tolerance and financial goals.
Yearly and 12-Week Percentage Difference with EMAThe indicator "Yearly and 12-Week Percentage Difference with EMA" is designed to display the annual and 12-week difference in the percentage variability of asset prices, as well as their exponential moving averages (EMA) on the TradingView chart.
EMA Period (EMA Period): This is a configurable parameter that allows you to select a period for calculating the EMA.
Yearly % Difference (Annual percentage difference): This indicator shows the percentage difference between the current price and the asset price a year ago on weekly bars. The graph is displayed in blue.
12-Week % Difference (12 weeks difference as a percentage): This indicator shows the percentage difference between the current price and the asset price 12 weeks ago on weekly bars. The graph is displayed in green.
Zero Line (Zero Line): This black line on the chart shows the zero level.
EMA of Yearly % Difference (EMA of annual percentage difference): This line represents the exponential moving average (EMA) of the annual percentage difference. The graph is displayed in red.
EMA of 12-Week % Difference (EMA of the difference over 12 weeks as a percentage): This line represents the exponential moving average (EMA) of the difference over 12 weeks as a percentage. The graph is displayed in orange.
Use this indicator to analyze the percentage variability of asset prices on an annual and 12-week basis, as well as to track their EMA, which can help in making trading decisions.
Русская версия \\\\\
Индикатор "Разница в процентах за год и за 12 недель с EMA" предназначен для отображения цены от год к году, и за 12 недель процентной изменчивости цен актива, а также их экспоненциальных скользящих средних (EMA) на графике TradingView.
- EMA Period (Период EMA): Это настраиваемый параметр, который позволяет выбрать период для расчета EMA.
- Yearly % Difference (Годовая разница в процентах): Этот индикатор показывает процентную разницу между текущей ценой и ценой актива год назад на недельных барах. График отображается синим цветом.
- 12-Week % Difference (Разница за 12 недель в процентах): Этот индикатор показывает процентную разницу между текущей ценой и ценой актива 12 недель назад на недельных барах. График отображается зеленым цветом.
- Zero Line (Линия нуля): Эта черная линия на графике показывает нулевой уровень.
- EMA of Yearly % Difference (EMA годовой разницы в процентах): Эта линия представляет собой экспоненциальное скользящее среднее (EMA) годовой разницы в процентах. График отображается красным цветом.
- EMA of 12-Week % Difference (EMA разницы за 12 недель в процентах): Эта линия представляет собой экспоненциальное скользящее среднее (EMA) разницы за 12 недель в процентах. График отображается оранжевым цветом.
Используйте этот индикатор для анализа процентной изменчивости цен актива на годовой и 12-недельной основе, а также для отслеживания их EMA, что может помочь в принятии торговых решений.
EQ LEVELS / EquilibriumWhat is it, How to use it, How to adjust the settings? What Calculates EQ Level?
What is it?
EQ, Equilibrium, In the money market, the term "equilibrium" or "equilibrium" refers to the point at which supply and demand are equalised. At this point, money supply and money demand meet each other and interest rates stabilise at a certain level. Equilibrium in the money market reflects the overall financial balance in the economy
According to What Calculates the EQ Level?
Normally, there may be many different alternatives to this, but I have printed the result on the screen by adding the highest and lowest levels of the prices and averaging them to think of a simple solution.
How to use it?
I have added 4 timeframes for both long-term investors and traders to use. If you want to use which timeframe, you can select the timeframe you want from the settings and see it on the chart. For those who want to trade, my suggestion is to follow the daily eq levels and of course look at the weekly eq levels. The weekly eq level can give you an idea of what kind of price range the next day may be in.
How to Make Settings?
When you first add the indicator to the chart, it draws a line. You change it to a circle or plus in the settings, it will look like the picture I shared. I also share open source code and can make changes in the code.
Nedir?, Nasıl Kullanılır?, Ayarları Nasıl Yapılır? EQ Seviyesini Neye Göre Hesaplar?
Nedir?:
EQ yani Equilibrium, Para piyasasında "denge" veya "equilibrium" terimi, arz ve talebin eşitlendiği noktayı ifade eder. Bu noktada, para arzı ile para talebi birbirini karşılar ve faiz oranları belirli bir seviyede dengelenir. Para piyasasındaki denge, ekonomideki genel finansal dengeyi yansıtır
EQ Seviyesini Neye Göre Hesaplar?
Normalde bunun farlı bir çok alternatifi olabilir ama ben biraz basit bir çözüm düşünmek için fiyatların en yüksek ve en düşük seviyelerini toplayarak ve ortalamasını alarak çıka sonucu ekrana yazdırdım.
Nasıl Kullanılır?
Hem uzun vadeli yatırım yapanlar hem de trade yapanların kullanabilmesi için 4 zaman dilimi ekledim. Hangi zaman dilimini kullanmak istiyorsanız ayarlardan istediniz zaman dilimini seçip onu grafikte görebilirsiniz. Trade yapmak isteyenler için önerim günlük eq seviyelerini takip etmeleri ve tabiki haftalık eq seviyelerine bakın. Haftalık eq seviyesi size bir sonra ki günün nasıl bir fiyat aralığı içerisinde olabileceği konusunda fikir verebilir.
Ayarları Nasıl Yapılır?
Grafiğe indikatörü ilk eklediğiniz de çizgi çizdirir. Siz ayarlardan onu daire veya artı olarak değiştirin benim paylaştığım resimde ki gibi görünecektir. Ayrıca açık kaynak kodlu paylaşıyorum isteyen kod içerisinde değişiklikler yapabilir.
Volatility Price RangeThe Volatility Price Range is an overlay which estimates a price range for the next seven days and next day, based on historical volatility (already available in TradingView). The upper and lower bands are calculated as follows:
The Volatility for one week is calculated using the formula: WV = HV * √t where:
WV: one-week volatility
HV: annual volatility
√: square root
t: the time factor expressed in years
From this formula we can deduce the weekly volatility WV = HV * √(1 / 52) = HV / 7.2 where 52: weeks in a year.
The daily volatility DV = HV * √(1 / 365) = HV / 19.1 where 365: days in a year.
To calculate the lower and upper value of the bands, the weekly/daily volatility value obtained will be subtracted/added from/to the current price.
HTF Support & Resistance [QuantVue]The "HTF Support / Resistance" indicator highlights critical price levels across multiple timeframes helping you recognize major support/resistance areas.
Whether you're a day trader needing to understand the current day's price action, or a long-term investor looking to analyze yearly trends, this indicator can be a valuable addition to your trading toolkit.
The daily levels, which can be enabled or disabled according to your preference, will give you insights into the open, high, and low levels for the current and previous day.
Similarly, weekly levels provide information for the current and previous weeks, while monthly levels cover the current and previous months.
In addition, the indicator offers more extended views through its quarterly and yearly levels. These will help you understand long-term trends and major support/resistance areas, and they can be particularly beneficial for major support/resistance levels.
Features:
🔹Visualization: View support and resistance levels from Daily, Weekly, Monthly, Quarterly, and Yearly timeframes.
🔹Customizable Appearance: Tailor the display colors and line styles for each level according to your preferences.
🔹Clear Labeling: Each level is clearly labeled for quick identification.
🔹Extension Option: Opt to extend the support and resistance lines across the chart for better visualization.
Give this indicator a BOOST and COMMENT your thoughts!
We hope you enjoy.
Cheers.
Average Range LinesThis Average Range Lines indicator identifies high and low price levels based on a chosen time period (day, week, month, etc.) and then uses a simple moving average over the length of the lookback period chosen to project support and resistance levels, otherwise referred to as average range. The calculation of these levels are slightly different than Average True Range and I have found this to be more accurate for intraday price bounces.
Lines are plotted and labeled on the chart based on the following methodology:
+3.0: 3x the average high over the chosen timeframe and lookback period.
+2.5: 2.5x the average high over the chosen timeframe and lookback period.
+2.0: 2x the average high over the chosen timeframe and lookback period.
+1.5: 1.5x the average high over the chosen timeframe and lookback period.
+1.0: The average high over the chosen timeframe and lookback period.
+0.5: One-half the average high over the chosen timeframe and lookback period.
Open: Opening price for the chosen time period.
-0.5: One-half the average low over the chosen timeframe and lookback period.
-1.0: The average low over the chosen timeframe and lookback period.
-1.5: 1.5x the average low over the chosen timeframe and lookback period.
-2.0: 2x the average low over the chosen timeframe and lookback period.
-2.5: 2.5x the average low over the chosen timeframe and lookback period.
-3.0: 3x the average low over the chosen timeframe and lookback period.
Look for price to find support or resistance at these levels for either entries or to take profit. When price crosses the +/- 2.0 or beyond, the likelihood of a reversal is very high, especially if set to weekly and monthly levels.
This indicator can be used/viewed on any timeframe. For intraday trading and viewing on a 15 minute or less timeframe, I recommend using the 4 hour, 1 day, and/or 1 week levels. For swing trading and viewing on a 30 minute or higher timeframe, I recommend using the 1 week, 1 month, or longer timeframes. I don’t believe this would be useful on a 1 hour or less timeframe, but let me know if the comments if you find otherwise.
Based on my testing, recommended lookback periods by timeframe include:
Timeframe: 4 hour; Lookback period: 60 (recommend viewing on a 5 minute or less timeframe)
Timeframe: 1 day; Lookback period: 10 (also check out 25 if your chart doesn’t show good support/resistance at 10 days lookback – I have found 25 to be useful on charts like SPX)
Timeframe: 1 week; Lookback period: 14
Timeframe: 1 month; Lookback period: 10
The line style and colors are all editable. You can apply a global coloring scheme in the event you want to add this indicator to your chart multiple times with different time frames like I do for the weekly and monthly.
I appreciate your comments/feedback on this indicator to improve. Also let me know if you find this useful, and what settings/ticker you find it works best with!
Also check out my profile for more indicators!
Comparative Relative StrengthIn Comparative RSI We need to Use weekly timeframe
Comparative Symbol should be Nifty and CRS moving average 100.
If the Moving avg is above the 100 period Comparative Symbol that means the stock is outperforming benchmark indices and can make position in that stock and hold till it goes below Comparative Symbol on weekly basis
HTF Candle Support & Resistance «NoaTrader»This script uses higher timeframe candle's High, Low & Close as a source for drawing a line representing potential Supports and Resistances.
The more lines you see on a level, probably the more important that level is.
The script has a single input for setting the source candle's timeframe, so it can be used on any timeframe with the proper settings. For example, higher timeframes like weekly and monthly can use "3M" or "12M" settings, Daily timeframes with "W", or even lower timeframes like minutes and seconds with "240" and "60" (M means monthly candle, W is weekly, and numbers are for minutes.)
As you can see on the code:
Red lines represent candle's High.
Green lines represent candle's Low.
Blue lines represent candle's Close.
Give it a try on different timeframes with different settings to see interesting gaps between lines!
Farzan Paid CaliburnFarzan Paid Caliburn is used to identify trends and smoothen out price fluctuations. It was derived from the candlestick charting techniques, and it is based on open, high, low and close prices from the previous session
The Farzan Paid Caliburn indicator is plotted as a candlestick chart with a series of Blue and Black candles. The Blue candles indicate an uptrend while Black candles indicate a downtrend.
The Farzan Paid Caliburn indicator is a trend-following indicator that helps traders identify the direction of the current market trend.
To use this Farzan Paid Caliburn indicator you need to follow these steps :-
*1.Open the chart of a particular stock you want to trade.
*2.Fix the time interval of 10 minutes for the intraday trading. For that, you can use Tradingview charts.
*3.Insert the Farzan Paid Caliburn as your indicator.
The Farzan Paid Caliburn is shown under the main chart and their plots indicate the current trend. Farzan Paid Caliburn indicator can be used with varying periods (daily, weekly, intraday etc.) and on varying instruments (stocks, futures or forex) .
My personal preference is to use the Indicator on Weekly chart for best result.
Directional Volume EStimate from Price Action (RedK D_VESPA)The "Directional Volume EStimate from Price Action (RedK D_VESPA)" is another weapon for the VPA (Volume Price Analysis) enthusiasts and traders who like to include volume-based insights & signals to their trading. The basic concept is to estimate the sell and buy split of the traded volume by extrapolating the price action represented by the shape of the associated price bar. We then create and plot an average of these "estimated buy & sell volumes" - the estimated average Net Volume is the balance between these 2 averages.
D_VESPA uses clear visualizations to represent the outcomes in a less distracting and more actionable way.
How does D_VESPA work?
-------------------------------------
The key assumption is that when price moves up, this is caused by "buy" volume (or increasing demand), and when the price moves down, this is due to "selling" volume (or increasing supply). Important to note that we are making our Buy/sell volume estimates here based on the shape of the price bar, and not looking into lower time frame volume data - This is a different approach and is still aligned to the key concepts of VPA.
Originally this work started as an improvement to my Supply/Demand Volume Viewer (V.Viewer) , I ended up re-writing the whole thing after some more research and work on VPA, to improve the estimation, visualization and usability / tradability.
Think of D_VESPA as the "Pro" version of V.Viewer -- and please go back and review the details of V.Viewer as the root concepts are the same so I won't repeat them here (as it comes to exploring Balance Zone and finding Price Convergence/Divergence)
Main Features of D_VESPA
--------------------------------------
- Update Supply/Demand calculation to include 2-bar gaps (improved algo)
- Add multiple options for the moving average (MA type) for the calculation - my preference is to use WMA
- Add option to show Net Volume as 3-color bars
- Visual simplification and improvements to be less distracting & more actionable
- added options to display/hide main visuals while maintaining the status line consistency (Avg Supply, Avg Demand, Avg Net)
- add alerts for NetVol moving into Buy (crosses 0 up) or Sell (crosses 0 down) modes - or swing from one mode to the other
(there are actually 2 sets of alerts, one set for the main NetVol plot, and the other for the secondary TF NetVol - give user more options on how to utilize D_VESPA)
Quick techie piece, how does the estimated buy/sell volume algo work ?
------------------------------------------------------------------------------------------
* per our assumption, buy volume is associated with price up-moves, sell volume is associated with price down-moves
* so each of the bulls and bears will get the equivalent of the top & bottom wicks,
* for up bars, bulls get the value of the "body", else the bears get the "body"
* open gaps are allocated to bulls or bears depending on the gap direction
The below sketch explains how D_VESPA estimates the Buy/Sell Volume split based on the bar shape (including gap) - the example shows a bullish bar with an opening gap up - but the concept is the same for a down-bar or a down-gap.
I kept both the "Volume Weighted" and "2-bar Gap Impact" as options in the indicator settings - these 2 options should be always kept selected. They are there for those who would like to experiment with the difference these changes have on the buy/sell estimation. The indicator will handle cases where there is no volume data for the selected symbol, and in that case, it will simply reflect Average Estimated Bull/Bear ratio of the price bar
The Secondary TF Est Average Net Volume:
---------------------------------------------------------
I added the ability to plot the Estimate Average Net Volume for a secondary timeframe - options 1W, 1D, 1H, or Same as Chart.
- this feature provides traders the confidence to trade the lower timeframes in the same direction as the prevailing "market mode"
- this also adds more MTF support beyond the existing TradingView's built-in MTF support capability - experiment with various settings between exposing the indicator's secondary TF plot, and changing the TF option in the indicator settings.
Note on the secondary TF NetVol plot:
- the secondary TF needs to be set to same as or higher TF than the chart's TF - if not, a warning sign would show and the plot will not be enabled. for example, a day trader may set the secondary TF to 1Hr or 1Day, while looking at 5min or 15min chart. A swing/trend trader who frequently uses the daily chart may set the secondary TF to weekly, and so on..
- the secondary TF NetVol plot is hidden by default and needs to be exposed thru the indicator settings.
the below chart shows D_VESPA on a the same (daily) chart, but with secondary TF plot for the weekly TF enabled
Final Thoughts
-------------------
* RedK D_VESPA is a volume indicator, that estimates buy/sell and net volume averages based on the price action reflected by the shape of the price bars - this can provide more insight on volume compared to the classic volume/VolAverage indicator and assist traders in exploring the market mode (buyers/sellers - bullish/bearish) and align trades to it.
* Because D_VESPA is a volume indicator, it can't be used alone to generate a trading signal - and needs to be combined with other indicators that analysis price value (range), momentum and trend. I recommend to at least combine D_VESPA with a variant of MACD and RSI to get a full view of the price action relative to the prevailing market and the broader trend.
* I found it very useful to take note and "read" how the Est Buy vs Est Sell lines move .. they sort of "tell a story" - experiment with this on your various chart and note the levels of estimate avg demand vs estimate avg supply that this indicator exposes for some very valuable insight about how the chart action is progressing. Please feel free to share feedback below.
BankNifty targets using VIX Version 2Original Idea Credit: Verified Market Waves
Hi,
After watching different videos online on how to get targets of BankNifty & Nifty decided to write this small script using VIX.
Nothing great but I really like the concept of getting high and low targets for the day or weekly or monthly or yearly.
What does the script do
1. We get closing of India Vix & BankNifty and Nifty
2. We get square root of Daily (365 days) | Weekly (52) | Monthly (12) & Yearly (1)
3. We divide India Vix closing with different square root to get a decimal value.
4. We use the derived value from step 3 which is used as % to calculate high and low values on BankNifty close price.
Small explanation via below screen shot to understand how to use it.
As always it comes with source code so you can modify as per your requirement.
Hope it helps 👍
Strong Demands & Supplies + Liquidity | Zonas de Compra e VendaThis indicator is inspired on the Smart Money Concepts indicator (Credits to @LuxAlgo) and it was optimized to show only the most relevant demand and supply zones (premium) on every time frame - but on higher time frames (1H and above) the zones are more relevant and stronger, meaning these zones can handle the price for longer time.
I've added a new feature that includes the Liquidity lines in order to add more confluence and importance to a demand or supply zone: when a demand or supply zone has strong liquidity (like weekly or monthly) next to it means that zone can be a strongest price target.
- Blue Line: Daily liquidity
- Yellow Line: Weekly Liquidity
- Purple Line: Monthly Liquidity
Main Features:
- Displays the most relevant demand and supply zones (green and red boxes) and which ones are strong and weak
- Displays the relevant change of character and break of structure
- Displays the previous day highest price and previous day lowest price
- Display imbalances between sell and buy orders (purple boxes)
- Displays the liquidity areas with lines on each point.
- It works for Forex and Cryptocurrency as well.
Portuguese:
Este indicador é inspirado no Smart Money Concepts (Créditos para @LuxAlgo) e foi otimizado para mostrar apenas as zonas de procura e oferta mais relevantes em cada time frame - mas em time frames maiores as zonas são mais relevantes e mais fortes.
Adicionei uma nova funcionalidade que inclui as linhas de Liquidez de forma a adicionar mais confluência e importância a uma zona de procura ou oferta: quando uma zona de procura ou oferta tem forte liquidez (como semanal/linha amarela ou mensal/linha roxa) junto a ela significa que aquela zona pode ser um alvo de preço mais forte.
- Linha Azul: Liquidez diária
- Linha Amarela: Liquidez Semanal
- Linha Roxa: Liquidez Mensal
Principais características:
- Exibe as zonas de procura e oferta mais relevantes (zonas a verde e zonas a vermelho) e quais delas são fortes e fracas
- Exibe a mudança relevante de caráter e quebra de estrutura
- Exibe o preço mais alto do dia anterior e o preço mais baixo do dia anterior
- Exibe as imbalances entre as ordens de venda e compra (zonas a roxo)
- Exibe as zonas de maior liquidez através de linhas no gráfico
- Funciona tanto para Forex como para Criptomoedas
BTC Performance Table / BTC Seasonality Visualization
This script visualizes Bitcoins "seasonality", in form of a colored table (based on the idea from "BigBangTheory")
The history table shows you which months do statistically perform better/worse in comparison to other months.
How to use this script:
Choose ticker "BLX" ("BraveNewCoin Liquid Index for Bitcoin").
Set the charts time frame to weekly or daily. Tables position on the screen and its colors are configurable.
Table explanation:
Cells show whether a gain or a loss occured from month to month, since BTC came out in 2010.
The price difference, between monthly open and monthly close, determines the cell color (negative -> red, positive -> green).
The year column shows total gain (green) or loss (red) for that particular year.
Each value is presented as a rounded percentage number.
How this script works:
The script calculates the price difference between each monthly and yearly open and close, storing those numbers inside arrays.
Then it populates the table, by using those numbers and doing the cell coloring (there will be a yellow cell, in case no change should occur).
German Short-Description
Prozentuale Übersicht in Tabellenform, der monatlichen, sowie jährlichen, Performance des Bitcoin (basierend auf der Idee von "BigBangTheory").
Hierdurch wird die "Saisonalität" des Bitcoin sichtbar. D.h. welche Monate des Jahres, im Vergleich zu anderen Monaten, statistisch gesehen öfter positiv/negativ schließen.
Zwecks vollständiger Darstellung muss der Ticker "BLX" ("BraveNewCoin Liquid Index for Bitcoin") im weekly oder daily time frame aktiv sein.
MTF Swing Highs and Lows w/ Supply and Demand ZonesI designed this indicator out of necessity for the Market structure/Price action trading strategy I use.
I thought I'd share. :)
For the fans of my Multi Timeframe Swing High and Low indicator, I have added Supply and Demand Zones!
The Supply and Demand Zones are based on the Swing Highs and Lows of my MTF Swing Highs and Lows Indicator.
The S/D Zones are created on the wicks of the Swing Highs and Lows.
You can choose whether to display the Chart, Higher and/or Highest timeframes as in the chart below.
You can also choose to display up to 3 S/D Zones from the past 3 Swing Highs and Lows.
The default setting is to display 1 chart timeframe S/D Zone, 2 higher and 3 highest, as I found this to be most effective without
cluttering the screen too much
The Chart Timeframe S/D Zones have an orange border, higher timeframe have a blue border and the highest have a black border.
Supply zones based on Swing Highs are red and Demand Zones based on Swing Lows are green.
This indicator displays Swing Highs and Lows on 3 timeframes based on the Chart timeframe, as follows:
Chart TF Higher TF Highest TF
1m 5m 15m
5m 15m 60m
15m 60m 240m
60m 240m Daily
240m Daily Weekly
Daily Weekly Monthly
You can change the font size of the labels as you'd prefer.
Musashi_Katana=== Musashi-Katana ===
This tool was designed to fit my particular trading style and personal theories about the "Alchemy of the markets" and ''Harmonic Structure'.
Context
When following a Technical approach to to surf the markets, there are teachings that must be understood before reaching a confort-zone, this usually happen the possible worst way by constant experimentation, it hurts.
Here few technical hints:
- Align High timeframes with lower timeframes:
This simple concept relax a lot complexity of finding of a trend bias. Musashi-Katana allows you to use technical indicator corresponding to specific timeframes, like daily weekly or yearly. They wont change when you change the chart's timeframe, its very useful as you know where you're standing in the long term, Its quite relaxing.
- Use volume:
The constant usage of volume will allow you to sync with the market's breathing. This shows you the mass of money flowing into and out of the market, is key if you want to understand momentum. This tool can help here, as it have multi-period vwaps. You can use yearly, monthly for swing trading, and even weekly if you enjoy scalping.
Useful stuff:
- You have access to baselines, AMA and Kijun-sen with the possibility of adding ATR bands.
- AMAs come as two lines strategies for different approaches, fast medium or slow.
- You can experiment with normal and multi timeframe moving averages and other trend tools.
Final Note
If used correctly Musashi-Katana is a very powerful tool, which makes no sense as there is no correct usage. Don't add everything at the same time, experiment, combine stuff, every market is different.
Backtest every possible strategy before using it, see what works and doesn't. This gives you a lot of peace, specially while you're at the tip of the spear surfing the markets
--> I personally use this in combination with 'Musashi_Slasher (Mometum+Volatility)', as it gives me volatility and momentum in a very precise way.
Future Pivots CPR - All Timeframes
Simple idea that allows you to display tomorrow CPR/ Standard Floor Trader Pivots based on the high, low and close of today session. Likewise, it works for higher timeframes taking into account the high, low, close of the period (e.g. weekly, monthly, year).
Just be aware that -regardless of the timeframe- if the period is still in development, the indicator will constantly/ live update the values until the period is closed!! This indicator is meant to be used when preparing for the next trading period. If you want to use it live, I'd suggest using the function of this indicator which allows to display only current/closed pivots-
Similar to other script I published, this indicator lower timeframes (Daily and Weekly) will work with lower timeframe bars, this is the Minutes and Hour bars. Conversely, higher timeframe CPR/Pivots will work better with timeframes/charts from Daily and above.
Available tick/untick functions:
- Select timeframe
- Show current CPR & Support/Resistance
- Show tomorrow CPR & Support/Resistance
- Display historical CPR (CPR only)
- Show extended support and resistance lines (S2,S3,R2,R3) for current and future pivots.
Sw1tchFX - Average Daily RangeDESCRIPTION AND OVERVIEW
The Average Daily Range is a measure of volatility (typically across 5 days for the FX markets). I originally saw this being used in a trading system called ANTSSYS by Daryll Guppy and some other developers. I couldn't find it anywhere so I decided to build it from scratch.
What this does is allow you to measure volatility across various FX assets (I will apply other asset classes in the future that this is applicable to i.e. Crypto, Commodities, Blue Chip Stocks), and set realistic targets based off that volatility. Overall, this makes much more sense to me in the FX markets rather than support and resistance lines because it's based off the actual movement of the asset class. Market research shows that an asset class has a 80-85% chance to reach 75% of it's Average Daily Range (ADR).
Let's take a look at the daily ADR on the GBPNZD 15m chart. Notice how the values of the ADR act as real support and resistance based off the volatility of the asset. In this case, price did not quite reach the 75% ADR target.
Let's take a look at another example on EURNZD 15m chart. In this case, price hit the 75% target.
It's important to note that these levels do not bound the price. The probability that price exceeds it's 75% ADR is fairly low, but not impossible. Especially during important news events. Let's look at the recent USDCHF 15m chart for example.
Additionally, you can use these values to measure longer term movements (Weekly, and Monthly)
Here is a weekly view:
And a monthly view:
HOW I USE THIS
I use this in conjunction with some other indicators I've developed. Typically, I use range bars since I only care about price, not time. Additionally, averages are smoother when time is not taken into account and only price.
HOW THE CANDLE OPEN AND CLOSE IS CALCULATED
This is done based off of your own specific time zone and from the daily candle. So for me on PST, the daily candle will close at 1400. Once closed, a new ADR value is automatically calculated and added to the chart. There is an option to show past ADR values if you would like to see them or conduct additional research.
Volatility Inverse Correlation CandleThis is an educational tool that can help you find direct or inverse relations between two assets.
In this case I am using VIX and SPX .
The way it works is the next one :
So I am looking at the current open value of VIX in comparison with the previous close ( if it either above or below) and after on the SPX I am looking into the history and see for example which type of candle we had in respect with the opening value from VIX .
So for example, lets imagine that today is monday, and the weekly open value from VIX was higher than previous friday close value. Now I am going to see with the inverse correlation , if based on this idea, the current weekly candle from SPX finished in a bear candle.
The same can be applied for the bearish situation, so if we had an open from VIX lower than previous close, we are looking to check the SPX bull candle accuracy.
At the same time, for a different type of calculation I have added an internal lookup into heikin ashi values.
If you have any questions please let me know !
Market sessions and Volume profile - By LeviathanThis script allows you to keep track of Forex market sessions (Tokyo, London and New York), as well as Daily, Weekly and Monthly sessions. All of them are accompanied by Volume Profile options where you can view VP Histogram, Point of Control, Value Area High and Value Area Low.
Colors, lines and other design preferences are fully customizable.
* Volume Profile of shorter sessions (eg. Tokyo, London, New York) works better when using lower timeframes such as 15min, 5min, etc.
** Use timeframe higher than 15min when viewing Monthly sessions
Indicator settings overview:
SESSION TYPE
- Tokyo session (1:00 - 9:00 UTC/ GMT )
- London session (7:00 - 16:00 UTC/ GMT )
- New York session (13:00 - 22:00 UTC/ GMT )
- Daily session
- Weekly session
- Monthly session
DISPLAY
- Show Volume Profile (Show or hide Volume Profile histogram)
- Show POC (Show or hide Point Of Control line)
- Show VAL (Show or hide Value Area Low line)
- Show VAH (Show or hide Value Area High line)
- Show Live Zone (Show or hide the ongoing session)
VOLUME PROFILE SETTINGS
- Resolution (The higher the value, the more refined of a profile, but less profiles are shown on the chart)
- Smooth Volume Data (Useful for assets that have very large spikes in volume over large bars, helps create better profiles)
APPEARANCE
- Up Volume color (Pick a custom color for up/ bullish volume profile nodes)
- Down Volume color (Pick a custom color for down/ bearish volume profile nodes)
- POC color and thickness (Pick a custom color and thickness for Point Of Control line)
- VAH color and thickness (Pick a custom color and thickness for Value Area High line)
- VAL color and thickness (Pick a custom color and thickness for Value Area Low line)
- Session box thickness (Pick a custom thickness for the session box. Color is provided automatically with optimal contrast)
** Some VP elements are inspired by @LonesomeTheBlue's volume profile script
Williams Vix Fix OHLC candles plot indicator (Tartigradia)OHLC candles plot of the Williams VixFix indicator, which allows to draw trend lines.
Williams VixFix is a realized volatility indicator developed by Larry Williams, and can help in finding market bottoms.
Indeed, as Williams describe in his paper, markets tend to find the lowest prices during times of highest volatility, which usually accompany times of highest fear. The VixFix is calculated as how much the current low price statistically deviates from the maximum within a given look-back period.
The Williams VixFix indicator is usually presented as a curve or histogram. The novelty of this indicator is to present the data as a OHLC candles plot: whereas the original Williams VixFix calculation only involves the close value, we here use the open, high and low values as well. This led to some mathematical challenges because some of these calculations led to absurd values, so workarounds had to be found, but in the end I think the result was worth it, it reproduces the VIX chart quite well.
A great additional value of the OHLC chart is that it shows not just the close value, but all the values during the session: open, high and low in addition to close. This allows to draw trend lines and can provide additional information on momentum and sentiment. In addition, other indicators can be used on it, as if it was a price chart, such as RSI indicators (see RSI+ (alt) indicator for example).
For more information on the Vix Fix, which is a strategy published under public domain:
The VIX Fix, Larry Williams, Active Trader magazine, December 2007, web.archive.org
Fixing the VIX: An Indicator to Beat Fear, Amber Hestla-Barnhart, Journal of Technical Analysis, March 13, 2015, ssrn.com
Replicating the CBOE VIX using a synthetic volatility index trading algorithm, Dayne Cary and Gary van Vuuren, Cogent Economics & Finance, Volume 7, 2019, Issue 1, doi.org
This indicator includes only the Williams VixFix as an OHLC candles or bars plot, and price / vixfix candles plot, as well as the typical vixfix histogram. Indeed, it is much more practical for unbounded range indicators to be plotted in their own separate panel, hence why this indicator is released separately, so that it can work and be scaled adequately out of the box.
Note that the there are however no bottom buy signals. For a more complete indicator, which also includes the OHLC candles plots present here, but also bottom signals and Inverse VixFix (top signals), see:
Set Index symbol to SPX, and index_current = false, and timeframe Weekly, to reproduce the original VIX as close as possible by the VIXFIX (use the Add Symbol option, because you want to plot CBOE:VIX on the same timeframe as the current chart, which may include extended session / weekends). With the Weekly timeframe, off days / extended session days should not change much, but with lower timeframes this is important, because nights and weekends can change how the graph appears and seemingly make them different because of timing misalignment when in reality they are not when properly aligned.
Educational: lines, linefill, labels & boxesThis educational script contains different examples regarding lines , linefill , labels & boxes
First part shows the use of array.new() without first
retrieving line.new() which then are put in a linefill.new()
At every start of the week a linefill.new() is added with the top line being
previous Weekly high , and the bottom line being previous Weekly low ,
if close doesn't go above top line, or below bottom line, both lines will be made longer
with 1 bar_index ( line.set_x2 ), otherwise the lines stop, and change color
Please read the comments in the script as well
Cheers!
