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
市場センチメントを測るインジケーター
Astro FX indicatorsThis is a suite of commonly used indicators from the Astro FX course. If you are already familiar with all how to use all of these tools it will be useful to have them all in one place. If you are not already familiar with these then there is way too much to cover here in a simple description!
Happy trading!
RSI, Range, and Key Level Support Tool v2.1This indicator is actually 3 different indicators combined to be able to watch key levels such as daily/weekly/monthly opens, previous days and week range highs and lows, as well as see Oversold and Overbought conditions relating to the Relative Strength Index (RSI).
- RSI DOTS SYSTEM
The first part is a custom Relative Strength Index indicator that shows RSI dots above in Red and Below in Green of the bars.
As the RSI Dots go from dark and barely visible to bright and Red For Oversold or Green for Overbought it gives a direct representation above the bar chart of Overbought or Oversold conditions. The brighter the color, the closer to 100 (Overbought and Red) or 0 (Oversold and Green) the current RSI is.
As the Overbought and Oversold conditions reverse this will show a bright Yellow Dot over the bar if it crosses a value from Overbought conditions to not Overbought conditions and the same if it crosses from Oversold conditions to not oversold conditions. To put it simply, it shows RSI reversal.
- KEY LEVELS OPENS - Daily, Weekly, Monthly Opens
This is a simple line indicator that shows 3 key levels: Daily Open, Weekly Open, and Monthly Open.
These higher time frame key levels show precisely at what price that time frame opened based on 0 UTC.
- PREVIOUS HIGHS/LOWS
This part of the indicator will show the previous day and even week highs and lows. This will help the user establish a functional range of the previous days and weeks.
The highs and lows for the daily are rows of circles above and below the high and low for that specific day and the previous weekly range are rows of crosses above and below the high and low for the past week.
How to Best use the indicator:
The RSI dots will help the user find the tops and bottoms where the Key Levels Opens and Previous Highs and Lows will help the user establish the range.
Knowing where the local top/bottom is in correlation to the potential range tops and bottoms allows the user to effectively time trend reversals and potential tops/bottoms.
Saurabh's ORB 45This is indicator is all about opening range breakout on 45 mins charts.
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which can be useful to day trader as a breakout strategy following the trend. Useful in 45 mins charts. Also, you may change the time frame from settings according to your likes.
Give thumbs up if you like it.
Bollinger Bands OBVBB OBV is a Volume-based indicator that shows the balance and performance of the market.
Spots Support and Resistance levels within a growth/decline cycle.
Can be used for different Time Frames.
Length can be changed to a bigger number to adjust it to the smaller TF.
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.
Catalogador Binarias Padron MHI DejaVuTradesQuadrant patterns with 1 minute cataloging.
This script simulates the quadrants between candles from minute 1 to 5.
set your time frame to 1M.
Ready, now we have our quadrants and we will do the analysis of these patterns using them.
Green circles indicate winning trades, and blue circles Martingale steps.
Counting candles within the quadrants (time frame m1 )
MHI
There are several variants of MHI . In our cataloguer we offer 3 variants. MHI 1, 2 and 3.
The analysis is carried out from the last three candles in the last quadrant. And the entry is made: on the first candle of the current quadrant ( MHI 1), on the second candle of the current quadrant ( MHI 2) and on the third candle of the current quadrant ( MHI 3).
MHI 1
Entry into the first candle after the quadrant analysis. First martingale (in case of loss) in the second candle and second martingale (in case of two losses) in the third candle.
MHI 2
Entry into the second candle after the quadrant analysis. First martingale (in case of loss) on the third candle and second martingale (in case of two losses) on the fourth candle.
MHI 3
Entry into the third candle after the quadrant analysis. First martingale (in case of loss) on the fourth candle and second martingale (in case of two losses) on the fifth candle.
The million dollar pattern
It is an analysis very similar to that of the MHI , with the difference that it is in the entire quadrant.
The million analysis consists of looking at all the candles in the last quadrant and entering the first candle of the current quadrant saying that that first candle will be the same color as most of the last quadrant.
In cases where we have the same number of candles (3 red and 3 green) we do not trade! And the cataloger will not count these operations.
Three Neighbors Pattern
The analysis of the pattern of the three neighbors will always be in the third candle of the quadrant. Either in M5 or M1 . And it consists of observing the third candle and entering the following ones saying that it will be the same.
Pattern C3
The C3 pattern is also an analysis in the candlestick count. We will enter the first
quadrant candle saying that it will be equal to the first candle of the last quadrant.
In the case of 1 martingale we will enter the third candle saying that it will be equal to the third candle of the last quadrant.
And finally, in need of a second martingale, the entry will be in the fifth candle saying that it will be similar to the fifth of the last candle.
Moonwalker Pattern
The moonwalker pattern is also a quadrant pattern. Our entries will be in the first, second and third candles of the current quadrant.
The analysis is performed on the third, second and first candle of the last quadrant.
The entry of the first candle will be observed in the third candle of the last quadrant, being the opposite color to that observed. Being necessary a martingale, we make our entry into the second candle that claims the opposite color to the second candle in the last quadrant. Finally, our second martingale will be on the third candle of the current quadrant with analysis in which the color will be opposite to the first candle of the last quadrant.
The Bayesian Q OscillatorFirst of all the biggest thanks to @tista and @KivancOzbilgic for publishing their open source public indicators Bayesian BBSMA + nQQE Oscillator. And a mighty round of applause for @MarkBench for once again being my superhero pinescript guy that puts these awesome combination Ideas and ES stradegies in my head together. Now let me go ahead and explain what we have here.
I am gonna call it the Bayesian Q Oscillator I suppose. The goal of the script is to solve an issue both indicators on their own suffer from. QQE signals are not new and often the problem has always been false signals for them. They are good for scalping but the difference between a quality move and a small to nearly nonexistent move following a signal is not so clear. Kivanc made his normalized version to help reduce this problem by adding colors to his histogram type verision that would essentially represent if price was a trending move or in a ranging structure. As you can see I have kept this Idea but instead opted for lines as the oscillator. two yellow line (default color) is a ranging sideways area and when there is red or green it is trending up or down. I wanted to take this to the next level with combining the Bayesian probability oscillator that tista put together.
The Bayesian indicator is the opposite for its issue as it is a probability indicator that shows which candle or price movement is more likely to come next. Red rising means possibly down move soon and green means up soon. I will not go into the complex details of this indicator but will suggest others take a look at his and others to understand the idea behind them. The point I am driving at is that it show probabilities or likelyhood without the most effecient signal device to match it. This original was line form and now it is background filled colors.
The idea. is that you can potentially get some stronger and more accurate reversal signals with these two paired together. when you see a sell signal or cross with the towering or rising red... maybe it is a good jump potentially. The same for green. At the same time it is a double added filter effect from just having yellow represent it is ranging... but now if you get a buy signal (example) and have yellow lines (example) along wi5h a red rising or mountain color background... it not only is an indication of ranging, but also that there is potentially even a counter move coming based on the probabilities. Also if you get into a good trade and see dual yellow qqe crosses with no color represented by the bayesian background... it is possible it might only be noise.
I have found them to work decently in the 1 hour timframe. Let me know your experience.
I hope everyone takes a look at the originals to understand them. Full credit goes to those guys for this to be here. Let me know how it is working out for you.
Here are the original links.
bayesian
Normalized QQE
Previous Days High & LowRenders the high and low values from previous days.
Useful alert conditions are provided: "Less than low" and "Greater than high".
Configuration:
The number of days is configurable with a default of 1.
The source of the high and low values.
Use the close value instead of high and low values. Default is false.
The example above uses 2 days to demonstrate an exit strategy.
PRIME - R.o.c.M Ind. W/ TrendsThis experimental script is a variant of a model that allows a separate indicator window to be opened, revealing data for on balance volume, rsi, consumer commodity index and momentum indications. By use of the settings key, you can change the parameter of the source input as well as the desired lengths. After data compilation, the indicator will automatically draw any trend lines applicable to what is presented. The additional code is an attempt to allow the system to apply pivot points for alerts within the indicator itself.
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 the publishing TradingView user liable for any possible claim for damages arising from any decision you make based on use of the script
FXBABATRADING ~ ZRANGE IndicatorOur ZRange indicator is an outstanding indicator to measure Volatility , that is, how much price has deviated from the mean. This indicator is part of a bundle of 5 indicators which we call the ZScore Indicator Suite all based on the ZScore function of statistics.
In this particular mode (ZRange) you can see whether the actual Standard Deviation is above or below the mean average of the Standard Deviation (period of your choice) determined by a + or - value. The value itself represents a Standard Deviation multiplier. A reading below ZERO simulates the Bollinger Band Squeeze, a time of price consolidation that is bound to break. Ideally you want to enter trades when the value of ZRange is increasing and above the signal line.
Alerts are provided for when volatility is increasing and or decreasing. Alerts can be turned off in settings.
Strategies where price is trending sideways will benefit when the ZRange is decreasing as it signifies price entering consolidation.
Each indicator in the ZScore Suite has a particular function:
ZClassic: Measures the position of Price in relation to a set average in units of standard deviation.
ZRange: Measures the position of the Standard Deviation itself in relation to a set average, in units of standard deviation.
ZVolumeDelta: Measures the position of Volume Delta in relation to a set average, in units of standard deviation.
ZTrend: Its a custom mathematical function that allows to measure the strength and direction of the Trend in reference to a set average.
Tradespot - S&R SuiteTradespot - S&R Suite
No configuration needed, works out the box
Dynamically created S&R lines & zones based on ongoing price action
Dynamically created fibonnaci retracement lines to create your trading range
Completely open to building a core trading strategy upon
Want to know more or have questions? Come join the Tradespot community, or send me a message on TradingView.
PDH/PDL ScreenerHello Fellow Traders,
This is a Real-Time Screener for stocks trading near previous day's high/low and day before previous day's high/low (default), you can select previous week also.
Screener scans stocks in batches of 10 on defined time-frame (preset- 5 min).
As of now total 100 stocks can be added out of which i've added 80 scripts i.e 8 batches to scan out.
Bits slower due to long code please give some seconds to load.
Happy Trading ...
"Dua me yaad rakhna :-)"
-Nitin
WimbleWimble is a modified Bollinger band tool that extends the limits of the traditional BB. It allows for extensive customization and adaptation both in function and style. It can be used in any market.
Zeta Sector ScannerPeople say trend is friend till it bends.
A proven strategy to get better than broader index returns is to find out what are the best performing sectors in rising market and
what are the worst performing sectors in falling market.
Then buy top stocks of Best Performing Sector (in rising market) or short sell worst performing stocks in falling market.
This strategy, known as 'top-down investment strategy' determines the overall health of the economy of a country first (by evaluating the broader index of that country first).
And then it picks up specific sectors where money is entering or exiting.
Zeta Sector Scanner tracks Nifty50, which is broader index for Indian Market and then picks up best or worst performing sector of the day and displays the info in real time on your chart.
Once you know which sector to target on a given time of the day, pick up the stocks of that sector and the probability of trade going in your favor will increase many fold.
With little modifications, this indicator can be adapted to any world market but currently it caters to Indian Market only.
Volume Info from Lower Time FramesHello Traders,
We are now able to get info from lower time frames, Many Thanks to Pine Team .This script gets volume info from lower time frames and give alert if there is extreme volumes on last X lower time frame candles (if last X volumes are higher than volume moving average). so that if you set alerts on different securities then you will be able get alert if there is extreme volume moves and you can check the chart immediately.
The options:
Timeframe in Seconds : you can set lower time frames in seconds. by default it's 5 seconds. if you set it 60 then it will show 1min volumes, if you set it 1 then it will show 1 seconds volumes
MA Length : The script draws simple moving average using this length info. by default it's 20.
Number of Bars to Check for Alert : by default it's 5. meaning that if last 5 candles is greater than moving average and if you set alert then you get the alert "Extreme Volume"
Other options are for colors and line width.
As you can see in following example, chart time frame is 1 hour and the script shows volume info of 5 seconds candles:
Enjoy!
Monte Carlo Simulation - Random WalkHello All,
Monte Carlo Simulation is a model used to predict the probability of different outcomes when the intervention of random variables is present. it is used by professionals in such widely disparate fields as finance, project management etc. You can find many articles about Monte Carlo Simulation on the net.
In this script I tried to make Monte Carlo Simulation and "Random Walk". it calculates results over and over, each time using a different set of random values that is created using historical data (500 times by default) and show min-max and some random paths. number of "random walks" is calculated by using number of bars to predict, so if you change "Number of Bars to Predict" then number of random walks may change. Total number of the lines must be less than 500.
"Number of Simulations " is 500 by default, more simulation better results. but if you increase it a lot then you may get "loop takes too long error"
"Number of Bars to Predict" can be between 10-100
"Number of Bars to use as Data Source" is the number of historical bars to use in simulations
Thanks to Ricardo Santos (@RicardoSantos) for letting me use his Random Number Generator Function.
P.S. I am not mathematician and I tried to make it as far as I understood the method. so if you see any issue let me know please.
Some examples:
Number of Bars to Predict = 100:
Number of Bars to Predict = 10:
if you enable "Keep Past Min-Max Levels" option then min-max levels will stay on the chart
Enjoy!
On Balance Volume + Trend + DivergencesModification of original OBV indicator, with addition of Divergences identification & coloring OBV Line based on line (OBV either above or below EMA20 applied to OBV). Indicator works great in correlation with Volume, Stochastic and DMI and shows potential reversals earlier.
DMI with Oversold/Overbought markingModification of original DMI indicator, simply marking background in case of finding Overbought or Oversold levels - this happens when ADX is above both DI+ and DI- values.
MicroStrategy Software Business Share PriceSimilar to the MicroStrategy Premium script. This indicator derives MSTR's core software business value by calculating its Bitcoin holdings as a percentage of market cap. Thus you can do, (1 - Bitcoin holdings as a % of market cap) * current share price = Core business share price
