Volume DockThis oscillator has two different modes:
The first one called RSIs is a comparison between the Relative strength index of the Accumulation/Distribution (and the On Balance Volume) and the normal price, to analyze the differences in momentum between the price with volume and without.
The second one, called Dock, is similar except for the fact that the lines are smoothed using the hull moving average formula, this mode is great to signal entries and for reversal analyzing.
Индикаторы ширины рынка
Rolling Candle Closes Summationscript to sum rolling 20 (default) period's prices together
use on volume indicators to get the likes of McClellan Summation
User selection: rolling periods to add
God's Little FingerThe "God's Little Finger" indicator uses several technical analysis tools to provide information about the direction of the market and generate buy/sell signals. These tools include a 200-period exponential moving average (EMA), Moving Average Convergence Divergence (MACD), Bollinger Bands, and the Relative Strength Index (RSI).
EMA is used to determine if prices are trending. MACD measures the speed and momentum of the trend. Bollinger Bands are used to determine if prices are staying within a range and to measure the strength of the trend. RSI shows overbought/oversold levels and can be used to determine if the trend will continue.
The indicator generates buy/sell signals based on market conditions. A buy signal is generated when the MACD line is below zero, the price is below the lower boundary of the Bollinger Bands, the price is above the 200-period EMA, and the RSI is in oversold levels (usually below 40). A sell signal is generated when the MACD line is above zero, the price is above the upper boundary of the Bollinger Bands, the price is below the 200-period EMA, and the RSI is in overbought levels (usually above 60).
However, it should be noted that indicators can be used to predict market conditions, but they do not guarantee results and any changes or unexpected events in the market can affect predictions. Therefore, they should always be used in conjunction with other analysis methods and risk management strategies.
BE - OBV MACD█ Overview
BE - OBV MACD - Algo Trading is an indicator developed to analyze volume , MACD and PSAR simultaneously in order to understand how they are co-related to each other. This tool calculates the likelihood of strength for buying or selling within the market direction.
█ Calculations
The algorithm individually computes the likelihood of flow of volumes (OBV, MACD & PSAR). A positive score is assigned for events where the Buyers volume is rising over the candle, MACD on the price is rising and MACD on the OBV is providing positive output and the PSAR is Below the close price thus generating the Buy Signal, and a negative score for the vise versa thus generating the Sell Signal.
Note: Since this indicator is an overlay indicator MACD and OBV is not shown on the chart. One can add them on the chart if you wish to analyze the impact of the same.
█ Settings
Customization of settings is possible for risk management concepts like setting the initial SL level, Trail SL Level, Day Max Level.
Hide or Show plots and Table is possible from the indicator settings.
-----------------
Disclaimer
The information contained in my Scripts/Indicators/Ideas/Algos/Systems does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from the use of or reliance on such information.
All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, back-test, or individual's trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.
My Scripts/Indicators/Ideas/Algos/Systems are only for educational purposes!
OBV-MACDThe OBV-MACD indicator is a momentum-based technical analysis tool that helps traders identify trend reversals and trend strength. This Pine script is an implementation of the OBV-MACD indicator that uses the On-Balance Volume (OBV) and Moving Average Convergence Divergence (MACD) indicators to provide a momentum data of OBV.
The OBV-MACD indicator uses the OBV to calculate the cumulative volume, which is then smoothed using two moving averages - fast and slow. The difference between these moving averages is plotted as a histogram, with a signal line plotted over it. A buy signal is generated when the histogram crosses above the signal line, indicating a bullish trend, while a sell signal is generated when the histogram crosses below the signal line, indicating a bearish trend.
This Pine script also includes an OBV-MACD-Donchian version that incorporates Donchian channels for the OBV-MACD. The Donchian channel is a technical analysis indicator that helps traders identify the highs and lows of an asset's price over a certain period. The OBV-MACD-Donchian version uses the OBV-MACD indicator along with the Donchian channels to provide signals that the momentum of OBV is making new high/low during that period of time.
Traders can customize the input parameters of the OBV-MACD indicator, such as the timeframe, method of calculation for the moving averages, and the lengths of the moving averages and breakout lengths. The colors of the plot can also be customized to suit the trader's preferences.
[Hoss] OBV RSIThe OBV ( On Balance Volume ) RSI ( Relative Strength Index ) indicator is an innovative tool that combines the power of OBV and RSI to provide traders with a comprehensive view of the market's momentum and volume dynamics. This combination enables users to make better-informed trading decisions by analyzing the relationship between price, volume , and relative strength .
The script starts by calculating the On Balance Volume , which is a cumulative volume-based indicator that measures buying and selling pressure. The OBV increases when the closing price is higher than the previous closing price and decreases when the closing price is lower than the previous closing price. This helps traders identify potential price trend reversals based on volume accumulation or distribution.
Next, the script computes the Relative Strength Index ( RSI ) based on the OBV values, offering a unique perspective on the market's momentum through the lens of volume . The RSI is a popular momentum indicator that ranges from 0 to 100 and helps traders identify overbought and oversold conditions. In this script, the user can define the RSI length and the higher and lower levels (default values are 70 and 30, respectively).
A distinctive feature of this OBV RSI indicator is the addition of a monitor that counts the number of times the RSI crosses above the higher level and below the lower level within a user-defined lookback period. This monitor is displayed as a table in the bottom right corner of the chart and can be enabled or disabled through an input option.
The cross count monitor provides valuable insights into the historical frequency of RSI crossings, helping traders to identify potential trading opportunities based on historical price behavior around these levels.
Inter-Exchanges Crypto Price Spread Deviation (Tartigradia)Measures the deviation of price metrics between various exchanges. It's a kind of realized volatility indicator, as the idea is that in times of high volatility (high emotions, fear, uncertainty), it's more likely that market inefficiencies will appear for the same asset between different market makers, ie, the price can temporarily differ a lot. This indicator will catch these instants of high differences between exchanges, even if they lasted only an instant (because we use high and low values).
Both standard deviation and median absolute deviation (more robust to outliers, ie, exchanges with a very different price from others won't influence the median absolute deviation, but the standard deviation yes).
Compared to other inter-exchanges spread indicators, this one offers two major features:
* The symbol automatically adapts to the symbol currently selected in user's chart. Hence, switching between tickers does not require the user to modify any option, everything is dynamically updated behind the scenes.
* It's easy to add more exchanges (requires some code editing because PineScript v5 does not allow dynamical request.security() calls).
Limitations/things to know:
* History is limited to what the ticker itself display. Ie, even if the exchanges specified in this indicator have more data than the ticker currently displayed in the user's chart, the indicator will show only a timeperiod as long as the chart.
* The indicator can manage multiple exchanges of different historical length (ie, some exchanges having more data going way earlier in the past than others), in which case they will simply be ignored from calculations when far back in the past. Hence, you should be aware that the further you go in the past, the less exchanges will have such data, and hence the less accurate the measures will be (because the deviation will be calculated from less sources than more recent bars). This is thanks to how the array.* math functions behave in case of na values, they simply skip them from calculations, contrary to math.* functions.
Multiple Divergences - Candle Edition - Libertus█ OVERVIEW
This script will help you track multiple indicator divergences in an easy, clean, and very visible way. Currently supported indicators at the time of script publishing are the Relative strength index (RSI) and On balance volume (OBV). If you have suggestions on which other popular indicators to add, leave them in the comments or message me directly.
You can track divergences manually, but it's time-consuming, you can easily miss them and if you want to track it on more than one indicator it will consume a lot of your screen space.
The script is using my time-tested divergences code, loved by a lot of TradingView users. If you want to use RSI divergences code in your scripts, you can find it in my Relative Strength Index - Divergences - Libertus indicator .
This script continues to improve on my popular RSI Divergences - Candle Edition - Libertus .
█ USAGE
In short, divergences occur between price and indicator. When the price makes a new high or low, but the indicator doesn't make a new high or low. Please check Investopedia for a more detailed explanation of RSI and OBV divergences.
BULL marks bullish divergence, which means the price made a new low, but the indicator value still hasn't made a new low. It can indicate a bullish trend change.
BEAR marks bearish divergences, which means the price made a new high, but the indicator value still hasn't made a new high. It can indicate a bearish trend change.
PIVOT is the highest or lowest price (candle) in the lookback period.
ALERTS are available for all PIVOTS and divergences, including candles with multiple divergences.
█ SETTINGS
HIDE PIVOT - ON by default, hides pivots.
SHORTER LABELS - OFF by default, removes text from BEAR / BULL labels.
HIDE LABELS AND COLOR BACKGROUND - OFF by default, hides labels completely and colors chart background.
LOOKBACK PERIODS - number of candles script will check in history for the pivot.
Hopefully, this indicator will help you in your trading. Good luck!
US Markets Net highs/lows main chart overlayThis script allows users to change the background color of the main chart to green or red depending on patterns of net highs or lows for the Nasdaq, NYSE, or AMEX. Healthy markets typically show persistent trends of net highs, and the green background highlight helps to identify that condition. Similarly, poor market conditions are associated with trends in net lows which can be identified with a red highlight. The script identifies trends in net highs or lows by looking for three or more consecutive days of either condition.
This script is helpful when analyzing the general market, and it is also helpful when studying individual stocks to see how general market breadth conditions affect individual stock price movements.
You can select which individual US market composite or combination of composites are used in the calculations.
This indicator is intended for use on daily charts.
Acknowledgment
Thank you to @JohnMuchow for coding my formulas.
The On Balance Volume & Accumulation Distribution RibbonMedic trades using "Smart Money Concepts", and Medic's system revolves around the one taught by MentFX (i.e. Structure, Supply/ Demand Zone , and Confirmation). While this system per se doesn't require the use of a volume indicator, Medic has come to respect the OBV and Accumulation / Distribution .
The OBV Ribbon is available in many a shape and form, but Medic wanted something more responsive, and the OBVAD is just that.
This ribbon works across all time frames, and allows users to visualize what is happening behind the scenes of The Trigger indicator.
The Ribbon applies 11 DEMA of different periods to the cumulative sum of SpaceTrader's OBV/AD formula: volume*(close-open)/( high-low )*hlc3.
The Ribbon is able to identify the general trend, and changes into a blu ein an uptrend, and purple in a downtrend, and also potential reversals by means of divergences.
Expansion Finder by nnamWhat this Indicator Does
This indicator helps the trader locate expansion and contraction areas in an easy visual way.
When the asset moves from a contraction phase into an expansion phase, the bars change color (customizable). This allows the trader to recognize areas of contraction and avoid trading them. Once a Bar Range moves outside of the average range as specified by the user, the bar will change color informing the trader that the current bar and by default the market, is moving into an expansion phase from a contraction phase.
The indicator works well for those traders that use the Forex Master Pattern to locate Value Lines and Value Areas on the chart giving them an opportunity to draw in these areas with ease.
As shown in the screenshot below, the boxes are manually drawn after the trader locates an easily identifiable area of contraction.
The Indicator makes it easy to find longer areas of contraction and ignore the noise of smaller contractions.
Customizable Settings allow the trader to define the lookback range that determines the number of bars to base the average.
A "multiplier" setting allows the trader to easily adjust the Average by changing the average using a simple calculation.
Example, if the average multiplier is set to "1", the average will be used.
Using the standard average is not always the best way to define these contractions, so traders can set the average to a higher or lower number by using the multiplier, thus changing the calculation but maintaining a consistent number across the chart.
Example: If the average is not plotting the contraction correctly, the trader can manually adjust the multiplier down to 0.5 thus adjusting the average in half or increase the multiplier to 2 thus doubling the average.
As seen in the screenshot below, this changes the number of expansion bars visible on the chart.
Below you can see Value Areas and Value Lines drawn in. These lines assist the trader in defining important levels for future trading.
I hope this Indicator helps you locate value areas and value lines on charts in an easy way.
Any questions or concerns or suggestions, please do not hesitate to reach out.
Happy Trading !!!!
NYSE & NASDAQ Advance Minus Decline OscillatorThis indicator is meant to observe NYSE & NASDAQ Advance minus Decline Oscillator in one. It also paints extreme levels at +2000 and -2000. It is used in combination to identify changes across the two markets or to observe broad market strength/weakness.
RSI with Market FilterThis is a normal Relative Strength Index with default length set to 14 periods
In addition, SET and MAI market Trend filter:
When SET or MAI is above 10 and 35 EMA - consider as a strong uptrend.
SET or MAI is below EMA 10 but still above EMA 35 - consider as a healthy Uptrend but resting with lower momentum.
SET or MAI is below EMA 10 and 35 - consider as a Downtrend. It is recommended not to trade in this market.
SET or MAI is above EMA 10 but below EMA 35 - consider as a starting point of the uptrend. It is recommended to start looking for a possible trade when the market flip into Uptrend.
Crypto McClellan Oscillator (SLN Fix)This is an adaption of the Mcclellan Oscillator for crypto. Instead of tracking the S&P500 it tracks a selection of cryptos to make sure the indicator follows this sector instead.
Full credit goes to the creator of this indicator: Fadior. It has since been fixed by SLN.
The following description explains the standard McClellan Oscillator. Full credit to Investopedia , my fav source of financial explanations.
The same principles applies to its use in the crypto sector, but please be cautious of the last point, the limitations. Since crypto is more volatile, that could amplify choppy behavior.
This is not financial advice, please be extremely cautious. This indicator is only suitable as a confirmation signal and needs support of other signals to be profitable.
This indicator usually produces the best signals on slightly above daily time frame. I personally like 2 or 3 day, but you have to find the settings suitable for your trading style.
What Is the McClellan Oscillator?
The McClellan Oscillator is a market breadth indicator that is based on the difference between the number of advancing and declining issues on a stock exchange, such as the New York Stock Exchange (NYSE) or NASDAQ.
The indicator is used to show strong shifts in sentiment in the indexes, called breadth thrusts. It also helps in analyzing the strength of an index trend via divergence or confirmation.
The McClellan Oscillator formula can be applied to any stock exchange or group of stocks.
A reading above zero helps confirm a rise in the index, while readings below zero confirm a decline in the index.
When the index is rising but the oscillator is falling, that warns that the index could start declining too. When the index is falling and the oscillator is rising, that indicates the index could start rising soon. This is called divergence.
A significant change, such as moving 100 points or more, from a negative reading to a positive reading is called a breadth thrust. It may indicate a strong reversal from downtrend to uptrend is underway on the stock exchange.
How to Calculate the McClellan Oscillator
To get the calculation started, track Advances - Declines on a stock exchange for 19 and 39 days. Calculate a simple average for these, not exponential moving average (EMA).
Use these simple values as the Prior Day EMA values in the 19- and 39-day EMA formulas.
Calculate the 19- and 39-day EMAs.
Calculate the McClellan Oscillator value.
Now that the value has been calculated, on the next calculation use this value for the Prior Day EMA. Start calculating EMAs for the formula instead of simple averages.
If using the adjusted formula, the steps are the same, except use ANA instead of using Advances - Declines.
What Does the McClellan Oscillator Tell You?
The McClellan Oscillator is an indicator based on market breadth which technical analysts can use in conjunction with other technical tools to determine the overall state of the stock market and assess the strength of its current trend.
Since the indicator is based on all the stocks in an exchange, it is compared to the price movements of indexes that reflect that exchange, or compared to major indexes such as the S&P 500.
Positive and negative values indicate whether more stocks, on average, are advancing or declining. The indicator is positive when the 19-day EMA is above the 39-day EMA, and negative when the 19-day EMA is below the 39-day EMA.
A positive and rising indicator suggests that stocks on the exchange are being accumulated. A negative and falling indicator signals that stocks are being sold. Typically such action confirms the current trend in the index.
Crossovers from positive to negative, or vice versa, may signal the trend has changed in the index or exchange being tracked. When the indicator makes a large move, typically of 100 points or more, from negative to positive territory, that is called a breadth thrust.
It means a large number of stocks moved up after a bearish move. Since the stock market tends to rise over time, this a positive signal and may indicate that a bottom in the index is in and prices are heading higher overall.
When index prices and the indicator are moving in different directions, then the current index trend may lack strength. Bullish divergence occurs when the oscillator is rising while the index is falling. This indicates the index could head higher soon since more stocks are starting to advance.
Bearish divergence is when the index is rising and the indicator is falling. This means fewer stocks are keeping the advance going and prices may start to head lower.
Limitations of Using the McClellan Oscillator
The indicator tends to produce lots of signals. Breadth thrusts, divergence, and crossovers all occur with some frequency, but not all these signals will result in the price/index moving in the expected direction.
The indicator is prone to producing false signals and therefore should be used in conjunction with price action analysis and other technical indicators.
The indicator can also be quite choppy, moving between positive and negative territory rapidly. Such action indicates a choppy market, but this isn't evident until the indicator has made this whipsaw move a few times.
Good luck and a big thanks to Fadior!
Urika Confirmation IndicatorThe Urika Confirmation (UC) Indicator helps a user make a better decision about areas to enter the market for a trade. The indicated incorporates the highs and the lows of the price for a specific period. The information is depicted on this two-line indicator to show the direction of the price. The gap between the two lines is a cloud for determining the current position of the trade and staying in a trend.
The two lines in the indicator are a signal line and a slow line: the price is likely bullish if the signal line crosses above the slow line while likely bearish if the signal line crosses below the slow line. One can enter a trade if the price is above the cloud while the signal line crosses above the slow line, This is an indication that the commodity or stock is bullish and vice versa for bearish. One can avoid trading when the price is in the cloud.
UC Calculations:
The signal line is the average high and low of the prices using the fast-length input.
The slow length is the average of the past previous high and low prices using the slow-length input.
Ways to Use the UC Indicator:
It is convenient to use the indicator with Relative Strength Indicator. If the signal line crosses above the slow line -->> Bullish possibility (buy if RSI >= 55). It is a false buy/long signal if the cross occurs while RSI is below 55.
If the slow line crosses above the signal line -->> Bearish possibility (short if RSI <= 45). It is a false short signal if the cross occurs while RSI is above 45.
The indicator can be used at all timeframes. The user can use different settings to suit their way of trading.
The indicator uses the concept of the Ichimoku Indicator to provide users with
Opening Range & Daily and Weekly PivotsThis script is for a combination of two indicators: an Opening Range Breakout (ORB) indicator and a daily/weekly high/low pivot indicator. The ORB indicator displays the opening range (the high and low of the first X minutes of the trading day, where X is a user-defined parameter) as two lines on the chart. If the price closes above the ORB high, the script triggers an alert with the message "Price has broken above the opening range." Similarly, if the price closes below the ORB low, the script triggers an alert with the message "Price has broken below the opening range."
The daily/weekly high/low pivot indicator plots the previous day's high and low as well as the previous week's high and low. If the current price closes above yesterday's high or last week's high, the script triggers an alert with the messages "We are now trading higher than the previous daily high" and "We are now trading higher than the last week high", respectively. If the current price closes below yesterday's low or last week's low, the script triggers an alert with the messages "We are now trading lower than the previous daily low" and "We are now trading lower than the last week low", respectively.
In addition to the visual representation on the chart, the script also triggers alerts when the price crosses any of these levels. These alerts are intended to help traders make decisions about entering or exiting trades based on the price action relative to key levels of support and resistance.
Opening Range Breakout (and price targets)This Opening Range Breakout indicator stands apart from others for several reasons. Apart from displaying the opening range high and low on a chart, the script also plots customized potential price targets ( different from any other on TradingView! ) for breakouts and breakdowns in price action. These customized targets can be toggled on and off in the input section of the indicator's settings.
With regard to the indicator itself, it has two other key inputs, the "ORB total time (minutes)" and "ORB Timeframe". The first input sets the maximum number of minutes to be used in the calculation of the opening range, and the second input sets the specific time frame when the opening range is calculated. The script plots the opening range high and low on the chart as two separate lines with the high in blue and the low in white, and these lines dynamically change color of the high to green and the low to red if the current price is above or below the opening range, respectively.
The script starts by calculating whether or not the current bar falls within the specified time frame. It then sets the initial values of the opening range high and low, and continuously updates these values if the current bar's high or low is higher or lower than the previous values, respectively. The updated values are then plotted on the chart with the specified style and color.
Traders may use the ORB Indicator to trade breakouts and breakdowns of the opening range. If the price breaks above the opening range high, traders may look to enter long positions, and if the price breaks below the opening range low, traders may look to enter short positions. The customized price targets may be consulted for potential areas to take profit. The color change of the high and low lines can provide additional confirmation of a potential breakout or breakdown, adding to the strength of the trade setup. It is important to note that the ORB Indicator does not guarantee success, and traders should always consider other technical and fundamental factors before entering a trade.
Users can also create alerts for when price breaks above or below the opening range. This will provide up-to-date live alerts for traders who cannot be staring at their screens all day long.
Benchmark, Sector & Stock PerformanceA script to perform sectoral performance (using predefined exchange indices or custom indices) and a stock from that sector/industry.
This script allows to peg to a reference date and the returns of the stock, sector and the market benchmark are all calculated from that date as reference.
The thing to note:
If using a custom index, it needs to be defined manually and set in the indicator input box.
One also needs to manually type in the text of the custom (or predefined) index name. Otherwise default text will be displayed.
If any of the constituents of the custom index do not start from the selected reference date, then either the date should adjusted or the script starting later should be removed from the index.
There are 2 tables displayed. The one on top right, display the returns of the benchmark, sector and stock selected from the reference date. The one on bottom left displays the same from 52 Weeks ago. You can choose to normalize the performance of the stock and the sector benchmark with respect to the market benchmark and display performance tables.
A good way to do the analysis is to check if the sector or the stock is starting to breakout from the benchmark in terms of absolute returns. So say the sectors starts to outperform the benchmark, then we know that the sector constituents are stronger than the benchmark. And when the stock also starts to outperform the benchmark and the sector, then we know it is leading the strongest stocks of the market as well as its peers.
[TTI] Whaley Breadth Thrust––––History & Credit
The Whaley Breadth Trust is a powerful signal that has a great success rate. It was invented by Wayne Whaley in 2009. Since 1970 to 2009, the signal has occured only 12 times!
–––––What it does
The indicator uses 3 conditions.
Condition 1: The Advancing and Declining NYSE stocks
Condition 2: The Up and Down volume
Condition 3:The absolute price increase in the SP500
It calculates different ratios and determine bullish or bearish setting based on this.
When only conditions 1 and 2 are present, we call this a Light Thrust. When all 3 conditions have occured then we call this Full Thrust.
–––––How to use it
Consider very bullish signal when you see this.
The light thrust occured on 12JAN23 on the SPX.
The signal occured in the following years: 1974, 1982, 1987, 2002, 2008
Market Structure Double BOS Confirm
🔥 Overview
🎯 This Double BOS(Break Of Structure) Confirm indicator combined ma-based BOS and classic BOS
to achieve a more credible BOS signal . it works well in most symbols with 2 parameters finetune.
🎯 It's a enhanced version compare with previous script.
🎯 at the same time, I keep D-BOS and BOS separately, you can use them in combination freely.
🔥 Indicator design logic
🎯 there are 3 parts in this indicator.
Part 1: MA-Based BOS
1. use close-in EMA's highest/lowest value mark as SWING High/Low when EMA crossover/under,
not use func ta.pivothigh()/ta.pivotlow()
2. once price reaching EMA’s SWING High/Low, draw a line link High/Low to current bar, labled as BOS
3. more MA-Based BOS details can get from my previous script.
Part 2: Classic BOS
1. use pivothigh/low function to find pivot (decided by left/right swing length)
2. when get new pivothigh, compare with previous high, calculate HH/LH/HL/LL result
3. once bar closed and break pivothigh then labed as BOS
Part 3: Double BOS Confirms
1. when MA-Based BOS and Classic BOS occured at the same bar closed signed as D-BOS
2. when two BOS events one bar apart, signed as D-BOS
🔥 Settings
🎯 there are 13 input properties in script, 4 properties(Bold field) have an impact on the results and the other 9 show display effects.
GRP1
MA_Type : MA type you can choose(EMA/RMA/SMA/HMA/WMA/VWMA), default is HMA
short_ma_len : MA length of your current timeframe on chart, default 30
show_ma_bos_line: whether show ma-based BOS line, default false
GRP2
left_swing_len : pivothigh(source, left,right), it‘s left swing length
right_swing_len : right swing length
show_pivot_bos_line: whether show pivot-based BOS line, default false
GRP3
show_double_bos_line: show double_bos_line, default true
double_bos_linewidth: linewidth, default 2 (Bold line)
double_bos_linestyle: default Dashed
🔥 Usage
🎯 BOS signal usually worked fine in high volatility market, low volatility is meaningless.
🎯 D-BOS will filtered much more signals than ma-based BOS and classic BOS
We can see that it performs well in trending market of different symbols, and BOS is an opportunity to add positions,
D-BOS will filtered much more signals
Double-BOS Confirm : BINANCE:BTCUSDTPERP 30m
MA-Based BOS : BINANCE:BTCUSDTPERP 30m
🎯 Support classic HH/HL label, MA-Based Zigzag
🎯 You can use only D-BOS, MA-BOS or Classic-BOS alone, or D-BOS and one of the other, it's up to you,
but my personal preference is to use D-BOS and MA-BOS in combination
🎯 any questions or suggestion please comment below, I would appreciate it greatly.
Additionally, I plan to publish 20 profitable strategies in 2023; indicatior not one of them,
let‘s witness it together!
Hope this indicator will be useful for you :)
enjoy! 🚀🚀🚀
Market TrendThis indicator show how is the trend of 40 stock in SET Index Thailand ordered by market capitalization.
RSI, Moving Average and MACD is used to calculate vale of each stocks.
The trend will be assigned and cumulative as 1 represent uptrend while -1 represents downtrend.
For example RSI
If RSI > RSI moving average, it will be uptrend and return 1.
If RSI < RSI moving average, it will be downtrend and return-1.
The calculation will return positive and negative of total 40 stocks (or other tickers).
If positive is greater than negative, it mean that the market is uptrend and vise versa.
Here some examples
RSI
Moving Average
MACD
You can change to other tickers.
Enjoy..
Bounce Price Detector ~ By mohx_404꧁༺ 𝓑𝓸𝓾𝓷𝓬𝓮 𝓟𝓻𝓲𝓬𝓮 𝓓𝓮𝓽𝓮𝓬𝓽𝓸𝓻 𝓘𝓷𝓭𝓲𝓬𝓪𝓽𝓸𝓻 ༻꧂
* Hi everybody here's the ★彡 𝓑𝓸𝓾𝓷𝓬𝓮 𝓟𝓻𝓲𝓬𝓮 𝓓𝓮𝓽𝓮𝓬𝓽𝓸𝓻 𝓘𝓷𝓭𝓲𝓬𝓪𝓽𝓸𝓻 彡★ indicator and how to use it :
彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡彡
First : Depending on Pivot (HH,LL), the two possible price Correction appears on chart if the price under the Correction levels it would be a Resistance levels and to entry there candle must close above the levels, you can use Replay Mod to get the previous price Correction levels
And Here's Some Example : The price make a new HH,LL and new levels appears on chart but the price didn't confirm a bounce signale and close above the first level
So in next candle the price brake the levels and drop down :
Then a new HH,LL and new levels appears on chart and the price back to the lower levels as a Resistance Levels but when it's close above the levels and test it again it become a Support levels and price bounce again
Here's another example when price go above the levels , test it and bounce again
About The levels : depending on Fibonacci golden rate
░▒▓█ 𝐍𝐨𝐭𝐞 : You could change the pivots the value 10 for low time frame and
scalping for higher time frame you could increase the pivots value or keep it as you want █▓▒░
Rev FX Avg SpreadThis script intends to give you the average bid/ask price when using FX trade function on Revolut.
Best used with OANDA markets as the price source.
