Earthquake Effect by DGT

2020年8月17日

Institutional investors have a profound impact on financial instruments prices because of the large volume, and their trading activities can greatly impact the price of financial instruments. They sometimes may split trades over time in order to not make a material impact and of course not to decrease liquidity to the point where there may be no one to take the other side of the trade.
Institutional investors (Smart Money) may create an Elephant Effect on the prices of financial instruments, and this study aims to display by emphasizing high volume changes

In the memory of the North Anatolian Earthquake that struck on August 17, 1999, that we remember with pain today, and similarities of plotting outcomes to seismograph plotting I preferred to name this study as Earthquake Effect (SEISMOGRAPH)


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

2020年8月19日

リリースノート

forget to mention
the background cloud reflects 17-period moving average of volume

1月28日

リリースノート

⯌ Earthquake Effect v6 Update

This release brings a complete modernization of the Earthquake Effect indicator to Pine Script v6, ensuring full compatibility with the latest TradingView engine and improved visualization of market shocks.

Key features include:

Directional Shock Visualization

Volume-weighted directional shocks now plot clearly above equilibrium, highlighting sudden market movements.

Enhanced Participation Zones

Upper and lower EMA-based participation bounds with subtle gradient fills provide an intuitive reference for normal market activity.

Spike Detection and Shock Candles Overlay

Long and short volume spikes are automatically identified using a 1.618 multiplier for sharper recognition of extreme market moves.
Significant shocks are displayed as overlay candles with color-coded wicks and borders for immediate visual impact.

Improved Tooltip & Branding

The new bottom-right logo table includes tooltip details, keeping attribution clear while unobtrusive.

This update refines the mental model of market shocks, makes extreme activity easier to spot, and fully leverages Pine v6 capabilities while keeping the spirit of the original study intact.