Tops & Bottoms - Day of Week Report█ OVERVIEW
The indicator tracks when the weekly tops and bottoms occur and reports the statistics by the days of the week.
█ CONCEPTS
Not all the days of the week are equal, and the market dynamic can follow through or shift over the trading week. Tops and bottoms are vital when entering a trade, as they will decide if you are catching the train or being straight offside. They are equally crucial when exiting a position, as they will determine if you are closing at the optimal price or seeing your unrealized profits vanish.
This indicator is before all for educational purposes. It aims to make the knowledge available to all traders, facilitate understanding of the various markets, and ultimately get to know your trading pairs by heart (and saving a lot of your time backtesting!).
USDJPY tops and bottoms percentages on any given week.
USDJPY tops and bottoms percentages on up weeks versus down weeks.
█ FEATURES
Custom interval
By default, the indicator uses the weekly interval defined by the symbol (e.g., Monday to Sunday). This option allows you to specify your custom interval.
Weekly interval type filter
Analyze the weekly interval on any weeks, up weeks, or down weeks.
Configurable time range filter
Select the period to report from.
█ NOTES
Trading session
The indicator analyzes the days of the week from the daily chart. The daily trading sessions are defined by the symbol (e.g., 17:00 - 17:00 on EURUSD).
Extended/electronic trading session
The indicator can include the extended hours when activated on the chart, using the 24-hour or 1440-minute timeframe.
█ HOW TO USE
Plot the indicator and navigate on the 1-day or 24-hour timeframe.
W-TOP
CARNAC Elasticity IndicatorThe CARNAC Elasticity Indicator (EI) is a technical analysis tool designed for traders and investors using TradingView. It calculates the percentage deviation of the current price from an Exponential Moving Average (EMA) and helps traders identify potential overbought and oversold conditions in a financial instrument.
Key Features:
EMA Length: Users can customize the length of the Exponential Moving Average (EMA) used in the calculations by adjusting the "EMA Length" parameter in the indicator settings.
Percentage Deviation: The indicator calculates the percentage deviation of the current price from the EMA. Positive values indicate prices above the EMA, while negative values indicate prices below the EMA.
Maximum Deviations: The indicator tracks the maximum positive (above EMA) and negative (below EMA) percentage deviations over time, allowing traders to monitor extreme price movements.
Bands: Upper and lower bands are displayed on the indicator chart at 100 and -100, respectively. Additionally, dashed middle bands at 50 and -50 provide reference points for moderate deviations.
Dynamic Color Coding: The indicator uses dynamic color coding to highlight the current percentage deviation. It turns red for values above 50 (indicating potential overbought conditions), green for values below -50 (indicating potential oversold conditions), and purple for values in between.
How to Use:
Overbought Conditions: Watch for the percentage deviation to cross above 50, indicating potential overbought conditions. This might be a signal to consider selling or taking profits.
Oversold Conditions: Look for the percentage deviation to cross below -50, signaling potential oversold conditions. This could be an opportunity to consider buying or entering a long position.
Historical Extremes: Keep an eye on the upper and lower bands (100 and -100) to identify historical extremes in percentage deviation.
The CARNAC Elasticity Indicator can be a valuable tool for traders seeking to identify potential trend reversals and assess the strength of price movements. However, it should be used in conjunction with other technical analysis tools and risk management strategies for comprehensive trading decisions.
Tops & Bottoms - Time of Day Report█ OVERVIEW
The indicator tracks and reports the percentage of occurrence of daily tops and bottoms by the time of the day.
█ CONCEPTS
At certain times during the trading day, the market reverses and marks the high or low of the day. Tops and bottoms are vital when entering a trade, as they will decide if you are catching the train or being straight offside. They are equally crucial when exiting a position, as they will determine if you are closing at the optimal price or seeing your unrealized profits vanish.
This indicator is before all for educational purposes. It aims to make the knowledge available to all traders, facilitate understanding of the various markets, and ultimately get to know your trading pairs by heart.
Tops and bottoms percentage of occurrence on EURGBP (London time).
Up days versus down days on EURUSD (London time).
█ FEATURES
Selectable time zones
Present the column chart in your local time zone (or other market participants).
Configurable time range filter
Select the period to report from.
Day type filter
Analyze all days, or filter only up days or down days.
█ HOW TO USE
Plot the indicator and visit the 1-hour or 30-minute timeframe.
█ NOTES
Timeframe choice
The 1-hour timeframe produces a higher number of days sampled. Prefer the usage of the 30-minute timeframe when your market starts at 9:30 AM.
Daylight Saving Time (DST)
The exchange time and geographical time zone options may observe Daylight Saving Time, unlike UTC+0.
TTP Breaking PointThis signal uses information from BITFINEX:BTCUSDLONGS and BITFINEX:BTCUSDSHORTS to forecast tops and bottoms.
The idea behind is very simple.
We calculate the RSI of the ratio of longs vs shorts and find areas where both the SMA of this RSI and the RSI itself are overextended.
You might notice that the win rate is not high but most of the wins provide a decent move that, if combined with proper risk management, can be used to build profitable strategies.
The signal offers a backtesting stream: 1 for buy and 2 for sell.
Shortly I'll be adding new features including: alerts, support for other symbols, filters, etc.
Swing BoxesHey, folks!
Sorry for not posting anything for such a long time. Don't have enough ideas and resources to get inspiration, so trying to brainstorm good stuff in my free time from university studies.
But despite my absence more I now have 300+ people subscribed to me! Thanks, guys, for keeping interest for my work, as I still do value each boost on my script, for real :)
So here is new script , enjoy!
Swing Boxes is pretty simple indicator, which plots signals with "boxes", that help you determine price targets.
What is the idea behind?
I wanted to make indicator, that could help me make swing trades with nice accuracy (as all we want, lol), and for signal criteria I decided to use highs and lows of the price . Then I started coding some ideas to see which of them could be worthy. And, actually, Swing Boxes appeared to be good. But the thing is, that I didn't intend to build them, they appeared as an anomaly from my code :)
I started to explore this anomaly (it looked super cool, but was repainting hard) to fix it and I succeeded, now Swng Boxes don't repaint.
The main idea is that when price goes above it's highest value of p-bars back or below it's lowest value p-bars back, then there is a some god probability, that price will continue to follow current direction.
And the things about Swing Boxes is that when there is a good trend movement, the boxes become super small to track price movement and when price breaks out in the counter-trend direction, then you will be able to almost perfectly catch a top or a bottom! But most of the signals won't be so high-quality, so don't think that is this some holy grail to trade swing-trading, because it is not.
Signal logic
Quick hint:
- epsilon(variable e ) = ATR * ATR_Factor . It is used to determine box's sensitivity to price changes.
If previous close is higher than variable, which contains previous HIGHEST value (variable h in the code), then update the this variable by taking up-to-date highest value and add epsilon( e ) to it;
If previous close is lower than variable, which contains previous LOWEST value (variable l in the code), then update the this variable by taking up-to-date lowest value and substract epsilon( e ) from it.
Variables decribed above ( h and l ) are box's top and bottom respectively, so if price cross them, it is logical to update it is value.
Settings and what is what
Swing Box Period - numbers fo bars in the past to find highest and lowest price from. The bigger the input, the bigger the boxes will be;
ATR Period;
ATR Factor - multiplier for ATR, determines sensitivity for price changes. The bigger this input, the more accurate signals will be, but less the probability that the signal will be on the top or a bottom.
Show Boxes? - when chosen, plots box's top and bottom. Used to determine price targets.
Show Baseline? - when chosen, plot's baseline, which midline between box's top and bottom.
How to use?
This indicator plots green and red triangles by default.
- Green triangle --> Buy ;
- Red triangle --> Sell ;
As I've said before, many signals from indicator will probably be garbage, so you need to tune settings for youself, so it could satisfy you .
You can enable showing boxes to see box's top and bottom. Box's bottom --> your entry, top --> your profit target.
If you find a way to sort bad signals, you will be able to trade with super cool RR, because the signal from Swing Boxes appear to be a good one, there is almost 95% probability, that price will not even come close to your stop loss, so you can trade with super small stop-losses! Smaller stop-loss --> smaller risk --> smaller loss --> bigger profit, it is that easy.
Also you can enable baseline to use at as your 1st TP, and box's top/bottom as 2nd TP, closing 25% on TP1 and the rest on TP2 (but that is just mine recommendation, you can use different RM (risk-management), if you want).
Also you can use baseline as your S/R (Support/Resistance) line, test it out on your charts.
And please, hear me out: as all other indicators out here on the TradingView, Swing Boxes ARE NOT meant to be traded in solo! Many bad signal can go in a row, so PLEASE find your way to filter out bad signals with other indicators.
You can see here the example of a garabge-class signal in a row, so be don't be deluded!
I do hope that somebody will suggest and idea to improve this thing, as I personally don't have enough time to think about it because of my university studies, but I will probably try it make this thing better throughout the time.
And that's it for now, folks! If you have any ideas for scripts, strategies or anything else, feel free to DM me or leave a comment, I will check it.
Hope you will find this script useful.
Take your profits!
- Tarasenko Fyodor
Reversal PointsHi , in this script i tried to find reversal points on big trends. For this purpose i have used Supertrend and Donchian channels. I combined both in a single indicator for finding reversal points. I am suggesting for using higher time frames like 4 hours or 1 day. It will be work in lower time frames too. But the signals will be less reliable than higher timeframes. Here is settings in this script:
New low sensitiity : this setting for donchian channels lookback. Bigger value result as less signals.
Atr Period: Period for Atr , it is for supertrend indicator in it.
Source: Source for supertrend indicator.
Atr Multiplier : Atr multiplier setting for Supertrend. Bigger value will be result as less signals.
Good luck.
Enes.
CM_Williams_Vix_Fix - Market Top and Bottom with multi-timeframeThis is a modification of CM_Williams_Vix_Fix indicator to include both market tops and bottoms with multi-timeframe support. The original indicator only finds market bottoms.
All credits go to the original author ChrisMoody.
Original script link
Working:
The histogram above 0 signifies the trend of market going UP and the histogram below 0 signifies the trend of market going DOWN.
The histogram bar is calculated using "LookBack Period Standard Deviation High" number of candles. A threshold is calculated using bollinger bands and based on percentile of "Look Back Period Percentile High" number of candles.
If the histogram bar above 0 crosses the up threshold then we have market top which is signified by histogram bar having the color green. If the histogram bar below 0 crosses the down threshold then we have market bottom which is signified by histogram bar having the color red.
The market tops and bottoms can also be calculated across multiple timeframes.
Sample usage:
Suppose the market is in an uptrend and the indicator displays red market bottom bar, this might be an indication that the market has reached the end of a pullback. We can use additional indicators like stochastic or rsi to get additional confluence.
This indicator does not repaint but you need to wait for the candle to close.
Price Action Top/BottomThis script is a variation from Auto Fibo retration.
It makrs top and bottom prices. You can use to study the price action.
The user can choose the line color, to show or not, the marks green and red
The user can choose the minimal candles between top and bottom, by default is 17
The deep is the percentage of the diference about the last bottom/top from the previous one.
chart visible bar timeWith the latest added features chart.left_visible_bar_time and chart.right_visible_bar_time it is now possible to
place label.new() positions at the equivalent of 'location.top' and 'location.bottom'
The following are examples of functions which enables to find the visible chart highest/lowest bars:
highest_visible_chart() =>
var float highs = na
highs := time == chart.left_visible_bar_time ? high :
time > chart.left_visible_bar_time and high > highs ? high : highs
lowest_visible_chart() =>
var float lows = na
lows := time == chart.left_visible_bar_time ? low :
time > chart.left_visible_bar_time and low < lows ? low : lows
In this example labels are plotted when a sma crosses another sma
Also combined with 3 boxes, scrolling gives insights how the features work
To all who make Tradingview the way it is, lots and lots of thanks!
Cheers!
Williams Vix Fix Bottoms and TopsThis indicator uses the very popular Williams Vix Fix for Bottoms by Chris Moody but not only does it search for bottoms, it can also be switch to work for tops for those who look to short the market. I've also added in a few options like flipping the indicator, color adjustments on the settings page, as well as cut a few of the options I feel did not need to be in which cluttered the screen when the settings were opened. In his later revisions of the Williams Vix Fix, CM took out the functions which draw the high/low ranges as well as the standard deviation which is what this indicator uses to show entry points. I have added options back on to draw these, I think it's useful. To be honest, I have not messed around with the number settings much so I am not sure how adjusting the look back range or going for smaller / bigger percentage changes would change how well the indicator works. It seems to work very well at its default settings.
With the Bollinger Band deviation, you have to remember that it looks back at the set amount of candles (20 by default) and uses those for the standard deviation: 1 dev = 68%, 2 dev = 95%, 3 dev = 99.7%
These percentages mean that at 2 dev, 95% of the last 20 candles will remain within the boundaries of the Bollinger Bands. Three tends to be too high, one is usually too low. Two is pretty good.
The lowest percentile option probably won't change much other than bring up the bottom line which doesn't effect the alerts or signals, just something to observe.
The highest percentile option makes a difference similar to the stand deviation and Bollinger Band. The higher you put it, the less likely it will get triggered but the more reliant it of a signal it should be.
As always, I have left notes throughout the code and I did leave in the code that was original but commented it out as I don't believe it's worth having.
I like to have the high/lows drawn, as well as the standard deviation. Then I find that the filtered entries are most accurate signals to follow. Simple entry is hit or miss, Aggressive entry is always early but sometimes that's not a great thing.
Rets High/Low (2.0 Special Uncensored Edition)This script can be used as a visual aid in seeing the last highs and lows of price in a specific time period. It automatically updates the plots if new highs or lows are made within the given lookback period.
This is a fairly basic version currently, with new added features coming in future updates such as range between high/low and half and whole number detection.
VWAP/EMA50/EMA200We script this one for combining VWAP , EMA50 and EMA200. The tool is fantastic if traders know how VWAP , EMA work? Just adding this script in your favorite and work like charm:
VWAP: How to trade with that
- One of the simplest uses of the VWAP is gauging support and/or resistance.
- A trader who is long a stock can use the VWAP as a target exit if its trading below.
- A stock trading over intraday VWAP may be bullish , while a stock trading under may be bearish .
EMA 50/EMA200: How to trade with that timeframe 50-day or 200-day period
- Identify the trend of market in longterm
- Golden-cross (short term EMA cross above longterm EMA ) is call golden-cross signals. It is opportunity for buying.
- Deal-cross ( short term EMA cross below longterm EMA ) is call dead-cross signals. It is opportunity for selling.
- Identify support levels
- Identify resistance levels
Let me know if you see anything else that should be added/changed.
ATR and IV Volatility TableThis is a volatility tool designed to get the daily bottom and top values calculated using a daily ATR and IV values.
ATR values can be calculated directly, however for IV I recommend to take the values from external sources for the asset that you want to trade.
Regarding of the usage, I always recommend to go at the end of the previous close day of the candle(with replay function) or beginning of the daily open candle and get the expected values for movements.
For example for 26April for SPX, we have an ATR of 77 points and the close of the candle was 4296.
So based on ATR for 27 April our TOP is going to be 4296 + 77 , while our BOT is going to be 4296-77
At the same time lets assume the IV for today is going to be around 25% -> this is translated to 25 / (sqrt (252)) = 1.57 aprox
So based on IV our TOP is going to be 4296 + 4296 * 0.0157 , while our BOT is going to be 4296 - 4296 * 0.0157
I found out from my calculations that 80-85% of the times these bot and top points act as an amazing support and resistence points for day trading, so I fully recommend you to start including them into your analysis.
If you have any questions let me know !
Eflatun CCI Divergence and Top/BottomThe Commodity Channel Index (CCI) with Divergence and finding Top / Bottom points
Select MA with Sma, Ema, Wma, SWma, VWma, Hma or Rma
Follow bar color on top or bottom
Trend Volatility Tops and Bottoms
Big Picture:
Overall what this script try's to capture is bounces off of moving trend lines.
What you will see when using this script
one Green line, one red line, two gray lines and circles in colors blue, green, red, and purple.
RED AND GREEN LINES:
There are two trend lines, an upper and a lower line that are 1 to 2 standard deviations from the linear regression line formed by the closing price for a look back period. The green is the distance from the close price and the lower line. The red is the list from the close and the upper line. (you don't see the lower and upper lines, but yo do see the green and red lines)
The goal is too easily see when price is approaching those support and resistance levels.
GRAY LINES:
GRAY lines are a form of volatility metric. GRAYS represent the distance from the RED and GREEN lines talked about above. low volatility mean the two GRAY lines will be close and times of high volatility will be father apart.
COLORED CIRCLES:
the color circles represent possible bounce zones, when price is high or low for for a given time period.
PURPLE is caution that there could be a possible price drop
RED is a critical zone for rejection and price drop
BLUE is caution that there could be a possible price increase
GREEN is a critical zone for bounce and price increase
how its used
feel free to play around and Try new things but, how its intended to be used is on 4hr time Frame looking for longer term trends on assets that tend to be less volatile on average.
settings
some settings:
buy deviation, this will say how many standard deviations do you want the lower bounce line to be from the linear regression line
sell deviation, this will say how many standard deviations do you want the upper bounce line to be from the linear regression line
dist to zero buy: how close dose the price has to be to put out a possible bounce.
Recap
-red and purple = possible upcoming price drop... red is more critical than purple
-green and blue = possible upcoming price increase... green is more critical than blue
-use on less volatile assents and on 4hr timeframe
good luck!
BTC Puell Multiple with alert functionThe Puell Multiple examines the fundamentals of mining profitability and the way they shape market cycles. It is calculated by taking a ratio of daily coin issuance (in USD) and the 365 moving average of daily coin issuance (in USD).
Interpretation of the Puell Multiple can generally be considered in the following framework:
high values indicate that current miner profitability if high compared to the yearly average. As such, the incentive for miners to liquidate their treasuries is high and greater sell pressure may be expected.
Low values indicate that current miner profitability is low compared to the yearly average. As such, income stress may become a factor, and some miners may need to start reducing hash-power by switching off rigs. This increases the hash-share of remaining miners who can then sell fewer coins to cover their operations, reducing their impact on liquid supply.
Halving events will drop the current coin issuance by 50% relative to the preceding year creating an immediate halving of the Puell Multiple also. The effect on miner profitability will thus be as per the point on low values above.
Volume TrendsThis script provides clear volume trends on any time frame. You set a long term volume trend moving average (ex 100 periods). A shorter term MA of your choice (10 in this example) will oscillate above and below based on the standard deviations of its current value relative to the long term #.
Similarly, large volume bars are plotted in terms of st dev above the long term MA.
Very useful in spotting capitulation bottoms and/or blow-off tops.
Pi Cycle Bitcoin High/LowThe theory that a Pi Cycle Top might exist in the Bitcoin price action isn't new, but recently I found someone who had done the math on developing a Pi Cycle Low indicator, also using the crosses of moving averages.
The Pi Cycle Top uses the 2x350 Daily MA and the 111 Daily MA
The Pi Cycle Bottom uses the 0.745x471 Daily MA and the 150 Daily EMA
Note: a Signal of "top" doesn't necessarily mean "THE top" of a Bull Run - in 2013 there were two Top Signals, but in 2017 there was just one. There has been one in 2021, but on-chain analysis and macro TA is pointing to there possibly being another one in 2021 or early 2022. Regardless, combining the two indicators (Top and Bottom) means the MAs that converge first will likely give good indication of which will cross first in the next few years.
There is as much of a chance of two "bottom" indications occurring in a single bear market, as nearly happened in the Liquidity Crisis in March 2020.
Oscillator EdgesAnother simple script to be added on top of other indicators. Simply provides a symbol of varying color depending on the value of the oscillator. Allows up to 4 different colors in each direction. Includes alerts conditions. Demonstration is the indicator being applied to the RSI (purple) included in Market Cipher B.
To use, simply add it to your indicator, and choose and oscillator of your choice in the Input Settings. Alternatively, you can just keep it on 'close' and use the built in RSI. Or, you can use the RSI formula on top of something else (if that's your thing).
The names are silly, so I hope this is okay with all of you.
Let me know what you think, and if there are any problems, questions, or concerns!
Price Range TableThe table shows the ranking of the price as a percentage relative to the past candles.
100 ~ highest price of the time frame
0 ~ lowest price of the time frame
Custom Volume - Periodic Peaks & Troughs + AlertThis script is a custom volume indicator with additional features.
But why is this useful?
The minimum and maximum volumes, in different time periods, are displayed by labels below the bars. I call them "Peaks" and "Troughs".
Hover your mouse cursor over the labels to see more details.
These parameters are widely used in technical analysis.
If traders want to confirm a reversal on a level of support–or floor–they look for high buying volume. Conversely, if traders are looking to confirm a break in the level of support, they look for low volume from buyers.
If traders want to confirm a reversal on a level of resistance–or ceiling– they look for high selling volume. Conversely, if traders are looking to confirm a break in the level of resistance, they look for high volume from buyers.
For example, take a look at the chart.
Settings menu parameters
{Dialog Box} =>
Parameter to show / hide the dialog box.
{Visual Parameters} =>
Parameters to personalize the appearance of the indicator.
{ Alert Conditions Part 01: Peaks ⏰ "} =>
Parameters to customize the alert.
{ Alert Conditions Part 02: Troughs ⏰ "} =>
Parameters to customize the alert.
{Volume MA} =>
Moving average settings
How to use alerts
Note that by creating an alert, an instance of the indicator, with all your settings, will be activated on the site's server and alerts will be triggered by it.
After that, changing the indicator settings on the chart will no longer affect the alert.
Open the settings window and select the alert conditions as you wish
Click the Create Alert button (or press the A key while holding down the ALT key)
In the Condition section, select the name of the indicator.
Make the rest of the settings as you wish.
Finally, click on the Create button.
It's finished. After a few moments, your alert will be added to the Alerts menu.
Limits
The labels are displayed after the bars close.
Labels are displayed for the last 10,000 bars.
References: Investopedia
Boom HunterEvery "boom" begins with a pullback... This indicator will help traders find bottoms and perfect entries into a pump. It combines two indicators, Dr. John Ehlers Early Onset Trend (EOT) and the infamous Stochastic RSI. The indicator features a built in dump and dip detector which usually picks up signals a few candles before it happens. The blue wave (EOT) shows trend, when waves travel up so does the price. Likewise for the opposite. Low points are revealed when EOT bottoms out and flat lines. Traders can then use the Stochastic RSI crossover to enter a trade. As the EOT lines get closer together there is more movement in price action, so as they get wider traders can expect sideways action. This indicator works on all timeframes but has had excellent results on hourly chart.
Entry zones are marked with a green dot at top of indicator. This signals a bottom is being formed and traders should look for an entry.
Exit points are marked with a red dot at top of indicator. This signals a peak and great time to exit.
Dips and dumps are indicated in red at bottom of indicator.
FAJ Dogepack Combines EMA + RSI indicator
Dieses Script ist eine einfache Kombination aus RSI und EMA.
Es erlaubt euch zu erkennen in welche Richtung der Trend in dem aktuellen
TimeFrame geht und wie stark dieser aktuell ist.
Außerdem zeigt es euch ob gerade eher die Bullen oder die Bären den Markt
dominieren. Mit Hilfe des Indikators lassen sich Top und Bottom des aktuellen
Time Frames erkennen.
Ich Empfehle nur eine Nutzung bei BTC um Wellen besser zu erkennen.
Erinnert euch daran, das ist nur eine Beta und gibt immer noch viele Fehlsignale aus, also testet es für euch selber in verschiedenen TimeFrames.
This script is a simple combination of RSI and EMA.
It allows you to see in which direction the trend is going in the current
time frame and how strong it is currently. It also shows you whether the
bulls or the bears are dominating the market. With the help of the indicator,
the top and bottom of the current time frame can be recognized.
recommended only use in BTC to better detect waves.
remember that it is in beta and still sends many false signals so you have to test it well in several time periods.
