Paradigm Trades_VPA Swing IndicatorThe indicator is designed to identify specific patterns in price and volume movements that can signal potential trading opportunities. It does this by calculating several conditions based on the current bar's price and volume movements.
The code defines five conditions: Narrow Spread Up Bar, Wide Spread Down Bar, No Demand Bar, No Selling Bar, and Churning. These conditions are then plotted on the chart using specific shapes and colors. The code also includes alert conditions for each of the signals, which can be used to generate alerts for traders when a particular pattern is identified.
The VPA Swing Indicator can be used as part of a swing trading strategy to identify potential buy or sell signals. For example, a Narrow Spread Up Bar may indicate bullish momentum, while a Wide Spread Down Bar may indicate bearish momentum. Traders can use these signals to make informed trading decisions and manage their risk accordingly.
Legend:
Spread Up Bar: This is a bullish bar with a small spread, indicating a lack of selling pressure and strong buying activity.
Wide Spread Down Bar: This is a bearish bar with a large spread, indicating strong selling pressure and weak buying activity.
No Demand Bar: This is a bearish bar with a small spread and low volume, indicating a lack of buying interest and the smart money selling off their positions.
No Selling Bar: This is a bullish bar with a small spread and low volume, indicating a lack of selling interest and the smart money buying up positions.
Churning: This is a sideways market with narrow spread bars and low volume, indicating the smart money is distributing shares to the retail traders.
ボラティリティ
Simple Dominance Momentum IndicatorThe Simple Dominance Momentum Indicator is a powerful tool for tracking market trends in the world of cryptocurrency. By analyzing the relationship between dominance and market movement, this indicator helps traders identify when money is flowing into or out of the market.
Using the pane structure on TradingView, the Dominance Momentum Indicator makes it easy to visualize and track data from CryptoCap charts. Whether you're a seasoned investor or starting out, this indicator can help you make more informed trading decisions.
All this indicator does is create the pane with a line chart using the Dominance charts to allow you to see the data with one button instead of doing it all manually. However with the addition to allow it to toggle between crypto and stables, so if you are using a /BTC pair, you don't have to add a new pane on, it automatically converts. If you are looking at USDT pairs for example, it will highlight that one for you.
While it can work under any conditions, the Dominance Momentum Indicator is particularly effective on higher timeframes, providing valuable insight into the overall plot of the market trend. With a 55EMA and a faster-moving average of 21EMA, this indicator is designed to help you stay ahead of the curve and make smarter trading decisions.
Remember the golden rule for stablecoin dominance. Down = good, and up = bad; however, you can just invert the indicator, so it flows with the market.
When it comes to the dominance of individual cryptocurrencies, for example, DOT.D, you might find that it going up = increasing dominance is STRENGTH. If the dominance of that is increasing it means it's growing.
Creator Credit: Jamie Goodland
Buying and Selling Pressure Raw Multi (TG Fork)Visualize raw buying and selling pressure via 3 different calculation methods, all superimposed with dynamic rescaling.
Buying and selling pressure is the concept of quantifying the disproportion between buying and selling. In practice, there is no single definitive way to calculate it.
This indicator is a merge to display three different methods to calculate buying and selling pressure, with automatic visual rescaling to superimpose the three simultaneously, updated to PineScript v5, and with some additional improvements for speed and calculation precisions, and instead of the EMA, other types of moving averages can be used.
I primarily made it for my own needs, but as always, I like sharing with the community, as maybe others may find this useful too.
How to use:
* As often, the goal is to get as many of the 3 signals concur together to get a stronger aggregated signal.
* First signal: If the green bars on the histogram are bigger than the red ones, then there is more buying pressure, and vice versa.
* Second signal: If the background is green, there is more buying pressure, and vice versa if the background is orange. The yellow and green lines define the background color, but they are by default hidden for a less cluttered visual experience.
* Third signal: If the cloud is blue, there is more buying pressure, and the bigger the cloud, the more momentum there is for it to stay (and more difficult it is to reverse to selling pressure). If the cloud is red, there is more selling pressure.
If you like this indicator, please don't give me any credit, instead please show some love to the original authors (in no particular order):
ceyhun:
daytraderph (I could not find the link to the original script, the page is inaccessible?):
www.tradingview.com
fract:
High/Low SupertrendThe High/Low supertrend uses an ATR produced from the highest and lowest points within the ATR lookback range, instead of from current highs and lows. This makes it less susceptible to false breakout attempts.
In the settings, you can choose whether you want the supertrend to calculate from the highest highs and lowest lows within the period, or the maxima of the opens and closes.
USAGE: I recommend using this supertrend as the arming mechanism to the buy or sell, instead of the trigger itself. This is because in ranging markets the supertrend will flip on the current high or current low.
4C Options Expected Move (Weekly + 0DTE)This indicator plots the calculated Expected Move for BOTH Weekly and Zero Dated Expiration (0DTE) Daily options, for a quick visual reference.
Please Note: This indicator is different from our original "4C Expected Move (Weekly Options)" indicator, as it now packages the ability to ALSO plot 0DTE options expected moves along with Weekly expected moves. Many other newer features have also been implemented.
Background Information
The Expected Move (EM) is the amount that a stock is predicted to increase or decrease from its current price, based on the current level of options pricing and implied volatility.
This range can be viewed as possible support and resistance, or, once price gets outside of the range, institutional hedging actions can accelerate the move in that direction.
It can be useful to know what the weekly EM range is for a stock to understand the probabilities of the overall distance, direction and volatility for the week.
About the Indicator
This indicator plots the calculated Expected Move for BOTH Weekly and Zero Dated Expiration (0DTE) options, for a quick visual reference.
For the weekly EM, the range is based on the Weekly close of the prior week.
For the Daily EM based on 0DTE options, the range is based on the Daily close of the prior day.
The indicator will automatically start a new weekly EM plot at the beginning of the week, and a new daily EM at the beginning of each day.
The EM values must be updated weekly and/or daily.
Features
Plots the EM for the week
Plots the EM for the day, for symbols that offer daily expiration options
Plots the 2 Standard Deviation EM for both the weekly and daily EM
Labels with calculated values are plotted near the levels for quick visual aid
Settings
Can toggle weekly EM on/off
Can toggle Daily EM on/off
Can toggle 2 Standard Deviation lines on/off
Can toggle labels for all EM on/off
Robust line settings
Can adjust label location left/right based on personal preference
Can enter symbol into settings as a reference
Handy instructions in the settings
How To Set Up The Indicator
To use this indicator you must have access to a broker with options data (not available on Tradingview).
Usually, you can look at the stock's option chain to find the weekly expected move.
You will have to do your own research to find where this information is displayed depending on your broker. You may also need to find the information elsewhere if your broker does not have this information.
You can also do your calculation of the EM using the following formula (please do your own research):
Expected Move = Option Price x Implied Volatility x Square Root of Time
See screenshot example below
This is the Thinkorswim platform's option chain, and the Implied Volatility % and the calculated EM are on the right side of the option chain.
The Expected Move is circled in blue. Use the +- number in parentheses, NOT the % value.
For the weekly EM, input the number that corresponds to the weekly option into the indicator. This must be done on a weekly basis, and It is typically best to use the EM for the next week expiration that is generated AFTER the Friday close and/or before the Monday open of the upcoming week.
For the daily EM, input the number that corresponds to the daily 0DTE option into the indicator. This must be done on a daily basis, and it is typically best to use the EM value for the 0DTE option that is generated the night before (after market close), or before the market opens for that 0DTE. .
Volatility Gap TrackerThe Volatility Gap Tracker ( *VGT ) indicator calculates the historical volatility of an asset using the standard deviation of the natural logarithm of the closing price relative to the previous period's closing price. *VGT visualizes the HV with gap lines to highlight when the current HV has increased or decreased significantly compared to the previous period, and adds labels to show the HV value for each of those bars.
Low HV calculated by *VGT can potentially signify a potential move up or down in the price of an asset. When HV is low, it indicates that the price of the asset has been relatively stable or range-bound over the specified period of time. This can sometimes be a precursor to a significant move in either direction, as the price may be building up energy to break out of its range.
*VGT can be used for any market that TradingView supports, including stocks, forex, and cryptocurrencies. It is especially useful for traders who want to identify periods of high volatility or sudden changes in volatility , which can indicate potential trading opportunities or risks. However, it's important to note that HV is a historical measure and may not always accurately predict future volatility .
The indicator can be used under various market conditions, but is especially useful during periods of high volatility , such as market crashes or major news events. It can also be useful for traders who want to monitor the volatility of specific stocks or assets over a longer period of time.
*VGT is provided for informational purposes only and is not a guarantee of future performance or accuracy. Traders should use multiple indicators and analysis methods to make informed trading decisions. Trading involves risks and traders should always conduct their own research and analysis before making any investment decisions.
+ Average Candle Bodies RangeACBR, or, Average Candle Bodies Range is a volatility and momentum indicator designed to indicate periods of increasing volatility and/or momentum. The genesis of the idea formed from my pondering what a trend trader is really looking for in terms of a volatility indicator. Most indicators I've come across haven't, in my opinion, done a satisfactory job of highlighting this. I kept thinking about the ATR (I use it for stops and targets) but I realized I didn't care about highs or lows in regards to a candle's volatility or momentum, nor do I care about their relation to a previous close. What really matters to me is candle body expansion. That is all. So, I created this.
ACBR is extremely simple at its heart. I made it more complicated of course, because why would I want anything for myself to be simple? Originally it was envisaged to be a simple volatility indicator highlighting areas of increasing and decreasing volatility. Then I decided some folks might want an indicator that could show this in a directional manner, i.e., an oscillator, so I spent some more hours tackling that
To start, the original version of the indicator simply subtracts opening price from closing price if the candle closes above the open, and subtracts the close from the open if the candle closes below the open. This way we get a positive number that simply measures candle expansion. We then apply a moving average to these values in order to smooth them (if you want). To get an oscillator we always subtract the close from the open, thus when a candle closes below its open we get a negative number.
I've naturally added an optional signal line as a helpful way of gauging volatility because obviously the values themselves may not tell you much. But I've also added something that I call a baseline. You can use this in a few ways, but first let me explain the two options for how the baseline can be calculated. And what do I mean by 'baseline?' I think of it as an area of the indicator where if the ACBR is below you will not want to enter into any trades, and if the ACBR is above then you are free to enter trades based on your system (or you might want to enter in areas of low volatility if your system calls for that). Waddah Attar Explosion is another indicator that implements something similar. The baseline is calculated in two different ways: one of which is making a Donchian Channel of the ACBR, and then using the basis as the baseline, while the other is applying an RMA to the cb_dif, which is the base unit that makes up the ACBR. Now, the basis of a Donchian Channel typically is the average of the highs and the lows. If we did that here we would have a baseline much too high (but maybe not...), however, I've made the divisor user adjustable. In this way you can adjust the height (or I guess you might say 'width' if it's an oscillator) however you like, thus making the indicator more or less sensitive. In the case of using the ACBR as the baseline we apply a multiplier to the values in order to adjust the height. Apologies if I'm being overly verbose. If you want to skip all of this I have tooltips in the settings for all of the inputs that I think need an explanation.
When using the indicator as an oscillator there are baselines above and below the zero line. One funny thing: if using the ACBR as calculation type for the baselines in oscillator mode, the baselines themselves will oscillate around the zero line. There is no way to fix this due to the calculation. That isn't necessarily bad (based on my eyeball test), but I probably wouldn't use it in such a way. But experiment! They could actually be a very fine entry or confirmation indicator. And while I'm on the topic of confirmation indicators, using this indicator as an oscillator naturally makes it a confirmation indicator. It just happens to have a volatility measurement baked into it. It may also be used as an exit and continuation indicator. And speaking of these things, there are optional shapes for indicating when you might want to exit or take a continuation trade. I've added alerts for these things too.
Lastly, oscillator mode is good for identifying divergences.
Above we have the indicator set to directional, or oscillator, mode. Baselines are Donchian Channels. I changed the default EMA length from 4 to 24 in this case, otherwise all the settings are default, as in the main image for the indicator (which is clearly set to non-directional). The indicator is set to requiring an advancing signal line for background and bar colors. Background color is not on by default. Candle colors, as you can see are aqua when above the top baseline (and only when the signal line is advancing, as per the settings), magenta when below the bottom baseline, and grey for anything else. The red and blue X's are exit signals. There are two types: one, when the signal line weakens and, two, when the ACBR crosses above or below the signal line. There are also arrows. These are continuation signals (ACBR crossing signal line).
Same image as above, but the baselines are set to ACBR rather than Donchian Channels.
Again, the same image, but with everything but the ACBR Baseline turned off. You can see how this might make for an excellent confirmation indicator, but for the areas of chap. Maybe run a second instance of the indicator on your chart as a volatility indicator, as you would not be using it in that way in this instance.
Here I have bar coloring turned off except for signal line crosses NOT requiring the signal line to be advancing. Background coloring is also turned on. You can see that these all line up with continuation signals, or exits for purple candles.
Same image as above but requiring the signal line to be advancing. You can see that continuation signals are not contingent upon the signal line to be advancing. I had it setup that way at first, but of course it still gave false signals, so I thought more signals (not that there are many) is better than fewer. To be sure, just because the indicator shows a continuation signal does not mean you should always take it.
Implied and Historical Volatility v4There is a famous option strategy📊 played on volatility📈. Where people go short on volatility, generally, this strategy is used before any significant event or earnings release. The basic phenomenon is that the Implied Volatility shoots up before the event and drops after the event, while the volatility of the security does not increase in most of the scenarios. 💹
I have tried to create an Indicator using which you
can analyse the historical change in Implied Volatility Vs Historic Volatility.
To get a basic idea of how the security moved during different events.
Notes:
a) Implied Volatility is calculated using the bisection method and Black 76 model option pricing model.
b) For the risk-free rate I have fetched the price of the “10-Year Indian Government Bond” price and calculated its yield to be used as our Risk-Free rate.
Weighted Deviation Bands [Loxx]What are Weighted Deviation Bands?
Variation of the Bollinger bands but it uses linear weighted average and weighted deviation via Mladen Rakic.
What is Weighted Deviation?
This weighted deviation is a sort of all linear weighted deviation. It uses linear weighting in all the steps calculated (which makes it different from the built in deviation in a case when linear weighted ma is used in the ma method). It is more responsive than the standard deviation
Included
Bar coloring
Correlation Matrix + Heatmap - By LeviathanA quick and easy way to visualize the correlation between 10 different symbols over a custom period of time, in the form of a matrix with a heatmap visualization and additional tools such as price increase/decrease %, multi-timeframe function, customizable appearance and more.
The indicator displays correlation coefficients for each pair of 10 assets in a matrix format, where the rows and columns represent the assets being compared between each other. The color of each cell corresponds with the strength of the correlation coefficient, allowing you to quickly identify which assets are strongly correlated, and which are not, and use that information to adjust risk or even get trade ideas. Coupled with the "Price Change" function, the script will help you find trade opportunities based on eg. the long-term correlation strength and short-term price direction differences between two assets. The "Correlation Length" input defines the number of bars used for calculating the correlation, while "Price Change Length" defines the bar to which the current price is compared when calculating price change (eg. the input 20 means that the script will compare the price of the candle close that occurred 20 bars ago and the current price).
Correlation coefficient:
The correlation coefficient is a statistical measure that quantifies the degree of linear relationship between two variables. The correlation coefficient ranges from -1 to 1, with 1 being perfect positive correlation and -1 being perfect negative correlation.
• A correlation coefficient of 1 indicates a perfect positive linear relationship between two variables. This means that when one variable increases, the other variable also increases in a proportional manner.
• A correlation coefficient of 0 indicates no linear relationship between two variables. This means that changes in one variable do not affect the other variable.
• A correlation coefficient of -1 indicates a perfect negative linear relationship between two variables. This means that when one variable increases, the other variable decreases in a proportional manner.
Inspired by @RicardoSantos's script
Time of Day - Volatility Report█ OVERVIEW
The indicator analyses the volatility and reports statistics by the time of day.
█ CONCEPTS
Around the world and at various times, different market participants get involved in the markets. How does this affect the market?
Knowing this gets you better prepared and improves your trading. Here are some ideas to explore:
When is the market busy and quiet?
What time is it the most volatile?
Which pairs in your watchlist are moving while you are actively trading?
Should you adjust your trading time? Should you change your trading pairs?
When does your strategy perform the best?
What entry times do your winners have in common? What about the exit times of your losers?
Is it worth keeping your trade open overnight?
Bitcoin (UTC+0)
Gold (UTC+0)
Tesla, Inc. (UTC+0)
█ FEATURES
Selectable time zones
Display the statistics in your geographical time zone (or other market participants), the exchange time zone, or UTC+0.
Configurable outputs
Output the report statistics as mean or median.
█ HOW TO USE
Plot the indicator and visit the 1H timeframe.
█ NOTES
Gaps
The indicator includes the volatility from gaps.
Calculation
The statistics are not reported from absolute prices (does not favor trending markets) nor percentage prices (does not depict the different periods of volatility that markets can go through). Instead, the script uses the prices relative to the average range of previous days (daily ATR).
Extended trading session
The script analyses extended hours when activated on the chart.
Daylight Saving Time (DST)
The exchange time or geographical time zone selected may observe Daylight Saving Time. For example, NASDAQ:TSLA always opens at 9:30 AM New York time but may see different opening times in another part of the globe (New York time corresponds to UTC-4 and UTC-5 during the year).
Implied Correlation Divergence OscillatorImplied Correlation Divergence Oscillator (ICDO)
ICDO uses an SMA calculation as a low-pass filter to determine divergences from trend. This can be useful for multiple strategies, including detecting overbought or oversold trends, and finding dispersion opportunities, including zero delta straddle plays using options for indices and single assets within the S&P 500 Index.
The aim of the oscillator is to provide a unique perspective on the existing signals provided by the CBOE (Chicago Board Options Exchange)
First choose from a variety of Implied Correlation symbols including: COR1M, COR3M, COR6M, COR9M, COR1Y, COR10D, COR30D, COR70D, COR90D
Then once an IC signal is chosen, configure the moving average (MA) as a customized low-pass filter that will determine the sensitivity of the divergence signal.
The resulting signal is an oscillator around the zero bound, which is color coded for bullish (green), or (bearish) signals.
Braid Filter+OVERVIEW
The Braid Filter indicator was initially made by Robert Hill and published in the Stocks and Commodities Magazine in 2006. This version of the Braid Filter expands upon Hill's original one by adding much more customization and tweaking abilities. Instead of using a simple moving average to calculate the Braid Filter, this version allows you to choose between 43 different moving average calculation types to suit your needs. The original also just used the close price for calculating its moving averages, however, this version allows you to specify different source prices, including the close, median (hl2), typical (hlc3), mean (ohlc4), and weighted (hlcc4) prices. This version also allows you to edit the lookback period for the average true range calculation. It also renamed some arbitrarily named input fields to make them more readable and understandable. Finally, it includes multi-timeframe support and the ability to color bars based on signals.
The Braid Filter calculates 3 average prices:
A short-term average close price
A medium-term average open price
A long-term average close price
It then finds the minimum and maximum of these three average prices. Then it calculates the difference between the highest and lowest average price. This difference is what the histogram shows. Then the filter line is calculated based on the ATR.
CONCEPTS
This indicator can be used to determine the start of trends. It can also be used to determine when the market is consolidating.
When the bar turns green, the average close price is greater than the average open price, indicating bullish momentum. In addition, if the histogram is green, the difference between the highest average price and the lowest average price is high enough to surpass the filter line. This means that not only is there bullish momentum, but there is stronger than average bullish momentum. Therefore, it is safe to assume that the market will trend higher. When the histogram turns red, this situation plays out except in reverse, indicating that the market will trend lower.
If the histogram color is gray, the difference between the highest average price and the lowest average price used to calculate the Braid Filter is meager. Since the highest and lowest average is close together, the price is unlikely to travel far in one direction. Therefore, it is safe to assume that the market is consolidating when this happens.
HOW DO I READ THIS INDICATOR
The signals between the histogram and filter are calculated as follows:
If the histogram is above the filter line and the fast average close price is greater than the average open price, the histogram is colored green, indicating bullish conditions.
If the histogram is above the filter line and the fast average close price is less than the average open price, the histogram is colored red, indicating bearish conditions.
If the histogram is below the filter line, the histogram is colored gray, indicating neutral conditions.
Fibonacci Volatility BandsFibonacci Volatility Bands are just an alternative that allows for more margin than regular Bollinger Bands. They are created based on an average of moving averages that use the Fibonacci sequence as lookback periods.
The use of the Fibonacci Volatility Bands is exactly the same as the Bollinger Bands.
Flat Market and Low ADX Indicator [CHE]Why use the Flat Market and Low ADX Indicator ?
Flat markets, where prices remain within a narrow range for an extended period, can be both critical and dangerous for traders. In a flat market, the price action becomes less predictable, and traders may struggle to find profitable trading opportunities. As a result, many traders may decide to take a break from the market until a clear trend emerges.
However, flat markets can also be dangerous for traders who continue to trade despite the lack of clear trends. In the absence of a clear direction, traders may be tempted to take larger risks or make impulsive trades in an attempt to capture small profits. Such behavior can quickly lead to significant losses, especially if the market suddenly breaks out of its flat range, causing traders to experience large drawdowns.
Therefore, it is essential to approach flat markets with caution and to have a clear trading plan that incorporates strategies for both trending and flat markets. Traders may also use technical indicators, such as the Flat Market and Low ADX Indicator, to help identify flat markets and determine when it is appropriate to enter or exit a position.
The confluence between flat markets and low ADX readings can further increase the risk of trading during these periods. The ADX (Average Directional Index) is a technical indicator used to measure the strength of a trend. A low ADX reading indicates that the market is in a consolidation phase, which can coincide with a flat market. When a flat market occurs during a period of low ADX, traders should be even more cautious, as there is little to no directional bias in the market. In this situation, traders may want to consider waiting for a clear trend to emerge or using range-bound trading strategies to avoid taking excessive risks.
Introduction:
Pine Script is a programming language used for developing custom technical analysis indicators and trading strategies in TradingView. This particular script is an indicator designed to identify flat markets and low ADX conditions. In this description, we will delve deeper into the functionality of this script and how it can be used to improve trading decisions.
Description:
The first input in the script is the length of the moving average used for calculating the center line. This moving average is used to define the high and low range of the market. The script then calculates the middle value of the range by taking the double exponential moving average (EMA) of the high, low, and close prices.
The script then determines whether the market is flat by comparing the middle value of the range with the high and low values. If the middle value is greater than the high value or less than the low value, the market is not flat. If the middle value is within the high and low range, the script considers the market to be flat. The script also uses RSI filter settings to further confirm if the market is flat or not. If the RSI value is between the RSI min and max values, then the market is considered flat. If the RSI value is outside this range, the market is not considered flat.
The script also calculates the ADX (Average Directional Index) to determine whether it's in a low area. ADX is a technical indicator used to measure the strength of a trend. The script uses the ADX filter settings to define the ADX threshold value. If the ADX value is below the threshold value, the script considers the market to be in a low ADX area.
The script provides various input options to customize the display settings, including the option to show the flat market and low ADX areas. Users can choose their preferred colors for the flat market and low ADX areas and adjust the transparency levels to suit their needs.
Conclusion:
In conclusion, this Pine Script indicator is designed to identify flat market and low ADX conditions, which can help traders make informed trading decisions. The script uses a range of inputs and calculations to determine the market direction, RSI filter, and ADX filter. By customizing the display settings, users can adjust the indicator to suit their preferences and improve their trading strategies. Overall, this script can be a valuable tool for traders looking to gain an edge in the markets.
Acknowledgments:
Thanks to the Pine Script™ v5 User Manual www.tradingview.com
TheATR™: Volatility Extremes (VolEx)Volatility is a crucial aspect of financial markets that is closely monitored by traders and investors alike. The traditional Average True Range (ATR) oscillator is a widely used technical indicator for measuring volatility in financial markets. However, there are limitations to the ATR oscillator, as it does not account for changing market conditions and may not adequately reflect extreme price movements. To address these limitations, TheATR has developed the VolEx indicator, which aims to identify extremes in the ATR oscillator by building dynamic thresholds using either a 'percentage' or 'standard deviation' based comparison with the value of the ATR.
The VolEx indicator utilizes a dynamic approach to measure volatility by considering the current level of the ATR oscillator relative to the dynamically generated thresholds. The dynamic thresholds are calculated based on the current ATR value and the chosen method of comparison (either 'percentage' or 'standard deviation'). If the ATR value exceeds the upper dynamic threshold, the market is experiencing high volatility, while a value below the lower dynamic threshold indicates low volatility.
The VolEx indicator offers several advantages over traditional volatility indicators, such as the ATR oscillator. First, it takes into account the changing market conditions and adjusts the thresholds accordingly. Second, it offers flexibility in the choice of the comparison method, allowing traders to tailor the indicator to their specific trading strategies. Finally, it provides clear signals for identifying extremes in volatility, which can be used to inform trading decisions.
In summary, the VolEx indicator developed by TheATR is a dynamic and flexible technical indicator that offers a robust approach to measuring volatility in financial markets. By utilizing dynamic thresholds and allowing for different comparison methods, the VolEx indicator provides a valuable tool for traders and investors seeking to identify extremes in market volatility..
NOTE: It is important to note that volatility, as measured by the VolEx indicator, does not provide any directional bias for the market movement. Rather, it simply indicates the degree to which the market is moving, regardless of direction. Traders and investors must use other technical or fundamental analysis tools to determine the direction of the market and make informed trading decisions based on their individual strategies and risk tolerance.
Move Magnitude Visualizer (beta)This experimental visualizer measures all price differences across a range of samples to determine what is normal for a measure of time. Based on whether a recent change in price over time has exceeded the norm, a line is drawn to indicate the magnitude/severity of that move. In short, it attempts to visualize when a move is outside the norm and when it may be risky to join that move.
A thick red line = greater than 3 standard deviations.
An orangish/goldish line = greater than 2 standard deviations.
A thin dotted yellow = greater than 1 standard deviation.
In the end, I've always wanted a tool that gave me a visual warning to when a move is abnormally severe and shouldn't be trusted. RSI and other indicators only work with specific lengths, this attempt to be a deviation detector that isn't bound by length or time-frame.
This is a work in progress, so feedback is appreciated. I don't have a strong idea yet how to properly visualize this data.
It is very compute heavy and some users may experience timeouts. I've done everything I can think of to eliminate redundant computer and to optimize for PineScript.
Stock Data Table█ OVERVIEW
This is a table that shows some information about stocks. It is divided into four sections:
1) Correlation
2) Shares
3) Daily Data
4) Extended Session Data
The table is completely modular, which means you can add or remove each element from the settings menu, and it will automatically rearrange its spaces.
It is also highly customizable, to the extent that you can change almost any color, remove or change titles, invert section rows, and much more.
1) Correlation
The script checks if the stock is listed on NASDAQ, and if so, uses the QQQ (Nasdaq-100 ETF) as the reference index in the first cell; otherwise, it uses the SPY (S&P 500 ETF). The length of the correlation is shown in the second cell. The table then displays the correlation between the reference index and the other index, and the correlation between the reference index and the stock.
To make it easier to interpret the correlation values, each row's last cell is color-coded with a gradient to highlight the type of correlation, and the direction of the gradient can be customized.
The correlation coefficient is a statistical measure that quantifies the strength and direction of the relationship between two variables, indicating how changes in one variable are associated with changes in the other variable, so it can be used to identify patterns and trends.
If you are interested in correlation, I suggest taking a look at my dedicated indicator:
2) Shares
This feature provides you with quick access to key information about shares and market capitalization.
On one row, you can view the total shares outstanding and the market capitalization for the fiscal year or the quarterly year. The total shares outstanding represents the total number of shares of the stock that have been issued and are currently outstanding, regardless of whether they are held by insiders or public investors. The market capitalization is a widely used measure of the company's value as determined by the stock market, calculated by multiplying its current stock price with the total number of outstanding shares.
The other row shows the float, which is the number of shares of a company that are available for public trading, and the corresponding free-float market cap, calculated by multiplying the company's current stock price with the float. Because Pine Script does not allow retrieving information about quarterly year float, you can view the float and the free-float market cap of the fiscal year only. The data can be displayed at all times or only when the difference between the total shares outstanding and the float is significant enough to result in a difference between the market cap and free-float market cap.
The classification for market cap and free-float market cap is set in this way:
Mega Cap: $200 billion or more
Large Cap: between $10 billion and $200 billion
Mid Cap: between $2 billion and $10 billion
Small Cap: between $300 million and $2 billion
Micro Cap: less than $300 million
Penny Stocks: less than $5 (customizable)
Comparing the free-float market cap to the market cap can provide insights into the liquidity of a stock. In fact, if the float is relatively small compared to the total shares outstanding, it may be more difficult to find buyers or sellers, which could lead to increased volatility. On the other hand, a larger float indicates that the stock is more liquid and may be easier to trade, potentially resulting in lower volatility. However, market conditions can change quickly and significantly, especially for intraday traders, and the free-float can also change as insiders or other large shareholders buy or sell shares. Therefore, comparing the data of the fiscal year with that of the quarterly year may not provide the most up-to-date and accurate information for making trading decisions. This limitation can be mitigated by combining those data with other indicators and tools, such as technical analysis or news events, to gain a better understand of the stock's performance and potential trading opportunities.
3) Daily Data
This section is available on daily charts only due to the lack of accuracy of real-time daily data on other time frames. Here, you can view the Average Daily Volume (ADV) over a preferred time range (20 days by default), and the Daily Change, which represents the percentage difference between the closing price on two consecutive trading days.
ADV is useful in measuring the stock's volatility, as it provides an indication of how much trading activity there is in it. Generally speaking, stocks with higher trading volume tend to be less volatile than stocks with lower trading volume. High trading volume means there are more buyers and sellers actively trading the stock, which makes it easier for investors to buy and sell shares at fair prices. This increased liquidity can help to stabilize the stock price, reducing the potential for large swings in either direction. On the other hand, stocks with lower trading volume may experience greater volatility, as there are fewer buyers and sellers actively trading the stock. This can result in larger price swings, as it may be more difficult for investors to buy or sell shares at fair prices.
The daily percentage change can provide an indication of the stock's volatility, with larger values indicating greater volatility and risk. It can also be compared to that of a benchmark such an index or other stocks in the same sector, helping to determine whether the stock is outperforming or underperforming relative to them.
4) Extended Session Data
The fourth section is available on intraday charts only. This section provides two pieces of information: the Extended Session Change and the Pre-Market Volume.
The Extended Session Change indicates the percentage difference between the previous day's closing price and the latest price in the extended session. This gives you the extent and the direction of the price gap that occurred during extended trading hours.
The Pre-Market Volume shows the sum of all shares traded during the pre-market session. This can be helpful in understanding how much interest the stock gained before the market opened.
By default, the two rows will be visible at all times. They will stop updating after the end of their respective time range, and resume updating when it starts again. However, you can choose to automatically hide them outside of their time ranges.
Both the extended session and pre-market time ranges can be customized. Please note that if you select time ranges outside of the regular market session (as set by default), you must enable the extended session to view the corresponding rows.
█ GENERAL NOTES
• Total Shares Outstanding, Float, Average Daily Volume and Pre-Market Volume cells use a customizable color system based on two thresholds, to help you quickly identify whether the value is "too low/acceptable/too high" or "too low/not enough high/acceptable".
• If you cannot see certain data, that simply means it is not available.
NSDT Lattice WebThis script creates a "web" by connecting different points of candles. All configurable by the trader.
There are 4 basic parts to a candle:
Open, High, Low, and Close
With this script, you can connect any point of one candle in the past to any point of another current candle.
For example:
High to High, High to Low, High to Open, High to close
Low to High, Low to Low, Low to Open, Low to Close
Open to High, Open to Low, Open to Open, Open to Close
Close to High, Close to Low, Close to Open, Close to Close
The script will change the line colors based on whether the current plot is higher or lower than the previous plot.
Try out different connection points to see what works for you. Connecting High to High and Low to Low, might easily show you when the market is making higher highs or lower lows, indicating a potential movement.
Run it on replay at a higher speed and see how it may potentially help identify area of congestion or trends.
BEST ABCD Pattern Screener Deribit:DVOL BTC DXY scannerModified this script by Daveatt (based on Ricardo Santos Fractals)
to scan patterns in BTCUSD, ETHUSD, DVOL, DXY, DVOL/VV
Baseline Cross Qualifier Volatility Strategy with HMA Trend BiasFor trading ES on 30min Chart
Trading Rules
Post Baseline Cross Qualifier (PBCQ): If price crosses the baseline but the trade is invalid due to additional qualifiers, then the strategy doesn't enter a trade on that candle. This setting allows you override this disqualification in the following manner: If price crosses XX bars ago and is now qualified by other qualifiers, then the strategy enters a trade.
Volatility: If price crosses the baseline, we check to see how far it has moved in terms of multiples of volatility denoted in price (ATR x multiple). If price has moved by at least "Qualifier multiplier" and less than "Range Multiplier", then the strategy enters a trade. This range is shown on the chart with yellow area that tracks price above/blow the baseline. Also, see the dots at the top of the chart. If the dots are green, then price passes the volatility test for a long. If the dots are red, then price passes the volatility test for a short.
Take Profit/Stoploss Quantity Removed
1 Take Profit: 100% of the trade is closed when the profit target or stoploss is reached.
2 Take Profits: Quantity is split 50/50 between Take Profit 1 and Take Profit 2
3 Take Profits: Quantify is split 50/25/25.
Stratgey Inputs
Baseline Length
37
Post Baseline Cross Qualifier Enabled
On
Post Baseline Cross Qualifier Bars Ago
9
ATR Length
9
Volatility Multiplier
0
Volatility Range Multiplier
10
Volatility Qualifier Multiplier
2
Take Profit Type
1 Take Profit
HMA Length
11
